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PATHFINDER CORP. ANNOUNCES ACQUISITION OF OIL AND GAS WELLS

 PATHFINDER CORP. ANNOUNCES ACQUISITION OF OIL AND GAS WELLS
 SAN DIEGO, Sept. 3 /PRNewswire/ -- Pathfinder Corp. (OTC Bulletin Board: PTHF) (the "company") today announced the acquisition for stock and cash of 15 producing oil and gas wells located in Weld County, Colo. and five producing oil and gas wells located in Seward County, Kan.
 Final negotiations are underway for the acquisition for stock of an additional 42 oil and gas wells in Colorado and seven oil and gas wells in Wyoming. This would bring the total number of oil and gas wells held by the company to 125. The company acquired 56 oil and gas wells from Miramar Resources Inc. of Amarillo, Texas in August 1991.
 Pathfinder Corp. has been in the natural resource business since 1968. The company's assets consist primarily of producing oil and gas properties in Colorado, Oklahoma, Kansas and Wyoming. In addition, the company holds a net profit participation of 45.83 percent for the first $9,000,000 and 25.34 percent thereafter of the mining claims the company sold to Homestake Mining Co. The uranium deposits located in New Mexico are in excess of 4,000,000 pounds, which were proven by drilling expenditures of approximately $8,000,000 by the company.
 -0- 9/3/92
 /CONTACT: Virgil G. Williams, president and CEO of Pathfinder, 619-695-9599/
 (PTHF) CO: Pathfinder Corp. ST: California IN: OIL SU:


LS-KJ -- SD003 -- 6556 09/03/92 15:44 EDT
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Publication:PR Newswire
Date:Sep 3, 1992
Words:240
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