Maxim Acquires 75% Net Revenue Interest in 1390 Acres in the Palo Duro Basin.VANCOUVER, British Columbia -- Maxim Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:MXM) ("Maxim") is pleased to announce that they have acquired an interest in 1390 acres in the new and emerging prolific Pennsylvanian Sands play in the Palo Duro Basin in Motley County, Texas Motley County is a county located in the U.S. state of Texas. In 2000, its population was 1,426. It is named for Junius William Mottley, who signed the Texas Declaration of Independence, who died in the Battle of San Jacinto; its name is spelled differently than his because the . The Palo Duro Basin, located in west Texas, is approximately 260 miles northwest of the Fort Worth Basin. The Palo Duro Basin (Bend Shale) and the Fort Worth Basin (Barnett Shale) have geological similarities. The property is bordered by Bankers Petroleum Ltd. (TSX:BNK) and Vintage Petroleum Inc. (NYSE NYSE See: New York Stock Exchange :VPI). The acreage is 1.5 miles N.E of the successful Stephens # 1 well recently completed by Tyner Resources Ltd. (TSX VENTURE:TIP). Maxim has paid Kendrick Oil & Gas Company a total consideration of $150,000 USD USD In currencies, this is the abbreviation for the U.S. Dollar. 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. for a 75% net revenue interest in the acreage. Finder's fees may be paid in connection with the agreement in accordance with applicable securities laws and TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. Policies. About Maxim Resources Inc. Maxim Resources Inc. is a Canadian-based oil and gas exploration company with significant exploration and development opportunities in the La Salle County La Salle County refers to one of several counties in the United States:
On behalf of the Board "Arthur Brown" Arthur Brown President and Director The TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Maxim Resources Inc. (TSX VENTURE:MXM) |
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