'amazingkarma' really now? maybe you can tell me what ever happened to this done deal that they had with a Russian oil company?
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BDW Holdings, Ltd. Announces Joint Venture Agreement With Private Oil Producer
Thursday October 6, 8:00 am ET
ORLANDO, FL--(MARKET WIRE)--Oct 6, 2005 -- BDW Holdings, Ltd. (Other OTC:BDWH.PK - News), is pleased to announce that it has completed a joint venture with a private Russian oil producer. Through the joint venture, BDW holdings will acquire an equal share of estimated reserves of 175 million barrels of oil and not less the 1.8 billion cubic meters of gas. Estimated bed depth of hydrocarbons on the 54,093 square kilometer property is 350 - 520 meters below the surface.
Production will be increased from present levels to a projected 1,000,000 barrels per month and further exploration will take place to delineate total unproven reserves. All production at the present time is exported to China.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. is a holding company involved in acquiring oil, gas and mineral properties. The company's focus is on overseas properties with its main focus on central Asia. BDW Holdings, Ltd. has reviewed the economic returns for the regions it operates in and believes that the hydrocarbon opportunities it has identified have the potential for high economic returns.
The company believes that security, gained through participating interest and equity ownership in both producing and non-producing fields, is essential for the company's future, and to meet the growing oil and gas demands required by the world's economic growth.
AI
