EGPI Firecreek, Inc. and the Saraha Group Announce Drafting of Agreement with Turkish Government Officials.SCOTTSDALE, Ariz. -- Agreement to Replace Current LOI LOI Letter of Indemnity (international trade and carriage business) LOI Letter Of Intent LOI Loss On Ignition LOI Letter of Inquiry LOI Lack Of Information LOI Lack of Interest LOI Letter of Invitation LOI List Of Items with Formal Agreement of the Parties EGPI Firecreek, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :EFCR EFCR Experimental Fast Ceramic Reactor ) Chairman Dennis Alexander, along with Sahara Group Chairman Rusbek Bisultanov, reported today that discussions had been held between Turkish and Russian government officials with representatives of Firecreek Petroleum, Inc. and The Sahara Group concerning the proposed pipeline crossing of Turkey from the Black Sea to the Aegean Sea Aegean Sea, Gr. Aigaion Pelagos, Turkish Ege Denizi, arm of the Mediterranean Sea, c.400 mi (640 km) long and 200 mi (320 km) wide, off SE Europe between Greece and Turkey; Crete and Rhodes mark its southern limit. . It is estimated that over 100 million tons of crude oil pass through the Bosporus Strait annually. The Straits pose both an economic and navigation problem to shipping companies and the potential for an environmental catastrophe in the event of a tanker accident. Talks focused on the selection of a primary pipeline construction firm and its project management. A well respected Russian firm has been suggested and is under review by The Sahara Group to take the lead in the construction phase. The Sahara Group is currently identified as the project manager with Firecreek Petroleum Oil and Gas division of EGPI Firecreek, Inc. and is responsible for the day to day operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. and coordination. Meetings are scheduled for later this week to continue the formulation of a project development plan and the drafting of a preliminary Agreement to be reviewed by the parties and the Turkish Government. This Agreement will replace the current Letter of Intent between the Turkish Government and The Sahara Group under which The Sahara Group and Firecreek have been operating under for the past two months. EGPI Firecreek Inc. through its Firecreek unit is focused on oil production with an emphasis on acquiring existing oil fields This list of oil fields includes major fields of the past and present. The list is incomplete; there are more than 40,000 oil and gas fields of all sizes in the world[1]. with proven reserves, the rehabilitation of potentially high throughput oilfields, resource properties and inventories on an international basis. Other companies in the oil sector include Marathon Oil Marathon Oil Corporation NYSE: MRO, based in Houston, Texas, is a worldwide oil and natural gas exploration and production company. Principal exploration activities are in the United States, Norway, Equatorial Guinea, Angola and Canada. Inc. (MRO MRO In currencies, this is the abbreviation for the Mauritanian Ouguiya. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ), Pantina Oil and Gas Inc. (POG POG Pediatric Oncology Group POG Player of the Game POG Price of Gold POG Paths of Glory (board game) POG Pot of Gold POG Priorities of Government POG Planogram POG Psychological Operations Group POG Piece of Garbage ), Frontier Oil Inc. (FTO Noun 1. FTO - a political movement that uses terror as a weapon to achieve its goals foreign terrorist organization, terrorist group, terrorist organization ) and Cabot Oil and Gas Inc. (COG). For more information about Energy Producers, Inc. go to: www.energyproducersinc.com Firecreek Petroleum: www.firecreek.us InterOilGas: www.interoilgas.com David Christian http://davidchristian.us/bio.asp This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of EGPI Firecreek Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond EFCR's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in EFCR's filings with the Securities and Exchange Commission. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion