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BNP Petroleum Corporation Acquires Three Properties in North
Texas
IRVING, Texas, Jan. 6 /PRNewswire-FirstCall/ -- BNP Petroleum Corporation (OTC
Pink Sheets: BPET) (BPET.), an independent oil and gas company, announced today
that it has completed the acquisition of three leases in North Texas. Each of
the properties has a history of production and has existing well bores
available for reentry and numerous other wells that were previously abandoned
and plugged by medium and large size oil and gas companies. These properties
are the beginning of BNP Petroleum's acquisition and rework strategy. Over the
coming months, BNP Petroleum will focus on refitting the properties and putting
wells on line to create income.
Kimberly Tiemersma, BNP President said, "These initial acquisitions begin to
build our natural energy reserve base. We will continue to acquire properties
and bring our wells on line throughout 2005 in order to establish and increase
our revenue."
About BNP Petroleum Corporation:
Headquartered in Irving, Texas, BNP Petroleum Corporation is a publicly traded
independent oil and gas company. The company is acquiring oil and gas leases,
producing properties, mineral rights, and surface interests in Texas. Once
acquired, the company intends to develop each property to maximize the income
from each property by re-establishing production, refurbishing and improving
the existing production and operations.
Forward Looking Statements: The statements which are not historical facts
contained in this release are forward looking statements that involve risks and
uncertainties, including but not limited to, the effect of economic conditions,
the impact of competition, the results of financing efforts, changes in
consumers' preferences and trends. The words "estimate," "possible," and
"seeking" and similar expressions identify forward-looking statements, which
speak only to the date the statement was made. The Company undertakes no
obligation to publicly update or revise any forward-looking statements, because
of new information, future events, or otherwise. Future events and actual
results may differ materially from those set forth herein, contemplated by, or
underlying the forward looking statements.
The information herein is subject to change without notice. BNP Petroleum
Corporation shall not be liable for technical or editorial errors or omissions
contained herein.
DATASOURCE: BNP Petroleum Corporation
CONTACT: Lori Argenbright, Investor Relations of BNP Petroleum
Corporation, +1-214-687-0000 Extension 226