Shannon International, Inc.(fka SHIR)

[MWM]

Looks like this one is dead but here is an interesting old PR from 2006...

Oct 11, 2006 08:51 ETShannon Renews Oil & Natural Gas Permits
HALIFAX, NOVA SCOTIA--(CCNMatthews - Oct. 11, 2006) - Shannon International Inc. (OTCBB:SHIR) ("Shannon" or "SHIR") is pleased to announce that SHIR has renewed its Oil and Natural Gas Permits with the Province of Prince Edward Island, Canada.

Shannon previously announced (September 25, 2006) that SHIR had entered into a 50% working interest agreement with Maxim Resources Inc. ("Maxim") of Vancouver, BC. SHIR was assisted by Maxim in the renewal of the permits.

Shannon has committed to a three year work plan for expenditures of at least CDN$750,000.00. The licensed blocks are comprised of about 376,000 acres primarily onshore in Prince Edward Island. To date, over CDN$7.5 million has been spent in identifying large oil and gas structures to be drilled and developed.

ABOUT SHANNON

Shannon strategically grows its business by finding, evaluating, and creating value. The company has established a significant interest in oil and gas permits on the East Coast of Canada, primarily onshore in the Province of Prince Edward Island. In addition to its resource assets, Shannon owns controlling interest in Logical Sequence Incorporated, Nova Scotia based developer of the LynXphere® line of automotive dealership management software.