Irwin Energy Completes Acquisition of Big Cat Exploration & Production; Big Cat to Acquire Working Interest in Carterville Field.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Irwin Energy, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). : IWNE.PK) today announced the completion of its acquisition of Big Cat Exploration & Production, Inc. As previously announced on March 17, 2006, Irwin Energy acquired 100,000 shares representing 100% of Big Cat Exploration's outstanding common stock in exchange for 20,000,000 shares of Irwin Energy's common stock. Share Consolidation On Friday, March 24, 2006, Irwin Energy announced a share consolidation on the basis of 1 share for every 100 shares (effective as of the same date). As such, consideration for the acquisition of Big Cat by Irwin Energy post consolidation equates to 20,000 shares of Irwin Energy's common stock. Following the share consolidation, Irwin Energy has 20,500,000 shares issued and outstanding. Big Cat Contract Big Cat is currently under contract to acquire a working interest in the Carterville Field located in Webster Parish, Louisiana Webster Parish is a parish located in the U.S. state of Louisiana. The seat of the parish is Minden. In 2000, its population was 41,831. The parish is named for 19th-century American statesman Daniel Webster. . The closing date of this transaction is scheduled for April 18, 2006, subject to the terms of the agreement. Big Cat Vice President Mr. L. Rayfield Wright Larry Rayfield Wright (born August 23, 1945 in Griffin, Georgia) is a former American football offensive tackle for the Dallas Cowboys of the National Football League and a member of the Pro Football Hall of Fame. states, "Big Cat's transaction with Irwin Energy will allow for an aggressive exploitation of our present oil and gas projects scheduled for 2006-2007. We look forward to becoming part of a winning team." Mr. Wright was recently elected to the NFL NFL abbr. National Football League NFL (US) n abbr (= National Football League) → Fußball-Nationalliga Hall of Fame. About Big Cat Exploration & Production, Inc. Big Cat Exploration & Production, Incorporated is headquartered in Phoenix, Arizona Phoenix /ˈfiːˌnɪks/ (English: Phoenix, Navajo: Hoozdo, lit. "the place is hot", Western Apache: Fiinigis) is the capital and the most populous city of the U.S. with field offices in Shreveport Louisiana and Willow Park, Texas Willow Park is a city in Parker County, Texas, United States. The population was 2,849 at the 2000 census. Willow Park was the location of Trinity Meadows Race Track, one of the first horse racing tracks opened once Texas legalized parimutuel betting. . The exploration and development efforts of the company are focused on Louisiana, Texas, New Mexico, Utah, Arizona and Australia. Big Cat maintains an equipment yard in Oil City, Louisiana Oil City is a town in Caddo Parish, Louisiana, United States. The population was 1,219 at the 2000 census. The town was represented in the Louisiana House of Representatives from 1988 until 2006 by the Democrat Roy McArthur "Hoppy" Hopkins (born 1943), a former Oil City . Big Cat plans to open an office and equipment yard in Brisbane, Australia during the spring of 2006. About Irwin Energy, Inc. Irwin Energy, Inc., based in Vancouver, B.C. was founded for the purpose of engaging in the exploration for and acquisition, development and production of crude oil and natural gas, and for other related activities. In the oil and gas arena, Irwin Energy seeks out low-risk opportunities to develop positive cash flow from proven and probable oil and gas plays. Irwin Energy plans to grow exclusively through efficient reinvestment of its internally generated cash flow in exploration and production operations, and through limited external financing to build ancillary businesses. Safe Harbour statement under the Private Securities Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act of 1995: Except for historical information contained herein, the matters discussed in this press release are forward-looking statements that involve risks and uncertainties, including but not limited to economic, competitive, governmental and technological factors affecting the company's operations, markets, products and prices and other factors discussed in the company's various filings with the Securities and Exchange Commission. |
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