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Thursday, April 12, 2007 9:27:23 PM
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Well Renewal Signs Merger LOI With Petro-Chemical Company
Tuesday December 19, 8:58 pm ET
TULSA, Okla., Dec. 19, 2006 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Other OTC:WRNW.PK - News), a rapidly growing diversified oil and gas regional operator, specializing in enhanced technologically advanced recovery of abandoned and low-production oil properties, oil field services and petrochemical distribution, is delighted to announce it has completed a Letter of Intent to Merge with ESP Resources, Inc. (ESP) of Houston, TX.
Upon successful completion of both organizations due diligence period, the merger is expected to close in early Jan. 2007.
From another PR:
"I am pleased to have a seasoned professional like David Dugas and his ESP group joining our team. ESP also brings existing contracts along with several pending petro-chemical contracts with revenues estimated to exceed $10 million in 2007."
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