Mesquite Announces $1.7 Million Asset Purchase.CALGARY, Alberta--(BUSINESS WIRE)--Sept. 15, 1997--Mesquite Resources Inc. (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :MQT MQT Materialized Query Table (SQL queries) MQT Macroscopic Quantum Tunneling MQT Mission Qualification Training MQT Medical Qigong Therapist MQT Marquette Rail (Michigan rail company) ) announces that the offer to purchase has been accepted for production and lands from a private Alberta company. Mesquite Mesquite, city, United States Mesquite (məskēt`), city (1990 pop. 101,484), Dallas co., N Tex., a suburb of Dallas; inc. 1887. Manufacturing includes industrial power supplies, building materials, and medical equipment. has acquired 200,000 BOE BOE Based on Experience BOE Board of Education BOE BoletÃn Oficial del Estado (Spanish) BOE Bank of England BOE Board of Equalization BOE Board of Elections BOE Barrel of Oil Equivalent BOE Bind on Equip of reserves with a production level of 98 BOEPD BOEPD Barrels of Oil Equivalent Per Day . This increases Mesquite's production to over 250 BOEPD. This purchase includes 14,700 net acres; 12,500 acres of which are undeveloped. This triples Mesquite's net acreage. Mesquite will also be announcing a $1.2 million dollar Flo Thro private placement to help fund a part of its 1998 drilling program. Mesquite Resources Inc. is a Canadian Junior Oil and Gas producer based in Calgary, Alberta and listed on the Alberta Stock Exchange. -0- Note to Editors: The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Mesquite Resources Inc. Steve Takacs, 403/269-8924 |
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