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BNP Petroleum Corporation Signs Letter of Intent to Acquire
Operating Company
IRVING, Texas, Feb. 15 /PRNewswire-FirstCall/ -- BNP Petroleum Corporation
(OTC Pink Sheets: BPET), an independent oil and gas company, announced today
that it has entered into a letter of intent to acquire 100% of the stock of
American Petroleum Corporation, a North Texas oil and gas Operations Company.
American currently owns and operates wells in Archer and Wichita counties,
Texas.
The Company Director, Rafael Pinedo said today, "Combination with American will
be an important step in BNP's development. American Petroleum will give us an
operating company that not only brings additional properties in North Texas,
but will let us operate our own wells, an important part of our business
strategy."
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: Investor Relations of BNP Petroleum Corporation,
+1-214-687-0000, ext. 222
Web site: http://www.bpetroleum.com/