Enterprise Development Announces Acquisition of Tunisian Operations.HOUSTON, TEXAS--(BUSINESS WIRE)--Nov. 20, 1996--Enterprise Developme(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). ED.) Enterprise Development Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. - ED) announced today that it has closed the acquisition of the entire Tunisian oil and gas operations of an independent United States oil United States Oil (Ticker USO) is an exchange-traded fund (ETF) that tracks various oil investments. company. The offshore and onshore on·shore adj. 1. Moving or directed toward the shore: an onshore wind. 2. Located on the shore: an onshore beacon; an onshore patrol. adv. petroleum and natural gas properties consist of five separate blocks, comprising approximately 350,000 net acres of oil and gas leases, which include six shut-in shut-in n. A person confined indoors by illness or disability. adj. 1. Confined to a home or hospital, as by illness. 2. Disposed to avoid social contact; excessively withdrawn or introverted. offshore oil wells. The properties include a 33.33 percent interest in the offshore Cosmos cosmos (kŏz`məs), any plant of the tropical American genus Cosmos of the family Asteraceae (aster family). C. bipinnatus, concession, a 50 percent interest in the offshore Yasmin concession, an interest in two onshore natural gas farmout agreements, and a 30 percent interest in the Jeffara concession, on the Libyan border. A plan of development has been filed on the Jeffara concession, and an exploratory well will be drilled as soon as a rig is available. Consideration for the purchase was not disclosed. -0- The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Enterprise Development Corporation Garry Kilbourn, 403/237-6950 or Enterprise Development Corporation Larry Wagar, 403/237-6950 or Enterprise Development Corporation John Pipe, 416/340-2756 |
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