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tidenews

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tidenews

Re: None

Thursday, 01/03/2008 9:42:40 AM

Thursday, January 03, 2008 9:42:40 AM

Post# of 2726
Sonterra Energy was sold to Mike Ward. Remember, he had first right of refusal(part of seperation agreement). So Jim had to offer it to him first. The deal will be closed today and announced tomorrow. Also, the Eagle Pass pipeline will be sold to a company called West Texas Gas Inc.

This is all to payoff Palisades and get them out of the way. This is a good thing. Cheniere has been involved and is advising Tidelands to selloff to payoff and focus on the burgos-hub piepline and storage project.
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