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Detailed Quote for Ameriwest Energy Corp. (AWEC)
$ 0.75 0.14 (+22.95%) Volume: 32.0 k 3:59 PM EST Feb 8, 2008

http://investorshub.advfn.com/boards/board.asp?board_id=9832

Posted by: QualityStocks
In reply to: None Date:7/16/2007 1:18:42 PM
Post #of 5

South Sea Energy Inks Letter of Intent with Indonesian Company

South Sea Energy announced that it has signed a Letter of Intent with PT Yasa Summa Energy, which will assist in identifying and acquiring additional coal bed methane (”CBM”) projects in East Kalimantan, Indonesia. A definitive agreement outlying the terms is expected in the coming weeks.

The company is also actively working on signing a definitive agreement to acquire an interest in a joint venture coal bed methane project. The completion of the acquisition will supply South Sea with rights to participate in a joint venture containing a 1,200 km2 exploration and development block.

The President of South Sea Energy stated, “Working directly with a respected local company such as PT Yasa will strategically position South Sea to become a major player in Indonesia’s up-and-coming CBM industry. Having local expertise is the key to success as these companies understand Indonesia’s business environment and have extensive experience working with Government agencies.”

"Please see the disclaimers on the QualityStocks.net website."

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South Sea Energy (SSGY.OB) Signs Letter of Intent with Indonesian Company

South Sea Energy Corp. (SSGY.OB) has signed a non-binding Letter of Intent with PT Yasa Summa Energy. This particular letter of intent will enable each company to acquire additional coal bed methane in East Kalimantan, Indonesia. Both companies intend to sign a definitive agreement outlying the particulars of their joint venture in the upcoming weeks.

Upon closing of this acquisition, SSGY.OB will have the rights to participate in a joint venture with PT Yasa. This joint venture will encompass 1,200 km of both exploration and development of the East Kalimantan area of Indonesia.

Alan Charuk, President of South Sea Energy, stated that "Working directly with a respected local company such as PT Yasa will strategically position South Sea to become a major player in Indonesia's up-and-coming CBM industry."

"Please see the disclaimers on the Qualitystocks.net website"