IMO RNGR will make LTWV's explosion look TINY. Look at the FLOATs. RNGR has a TINY float and extensive INSIDER ownership. Per CEO the trading float was somewhere around 500K to 900K. RNGR is also looking to additionally acquire oil and gas assets that are already ACTIVE as well.
LTWV has 39M OS, 10.5M restricted leaving 28.5M FLOAT. LTWV has a 50% interest whereas RNGR has a 75% interest. Both companies have very promising locations in Oklahoma.
RNGR's reserves are PROVEN, $4 MILLION profit a year estimate! LTWV just issued $236,000 or 29,150,000 shares at .008 cents
On April 30, 2003, the Company approved a Purchase and Sale Agreement between the Company and Waterton Lakes Hotels (1956) Co. Ltd. (AWaterton Lakes@), a privately held corporation, for an interest in an oil and gas lease in Oklahoma. Under the terms of the Agreement and for the consideration of a payment to Waterton Lakes of $20,000 made May 7, 2003, Waterton Lakes has assigned a working interest portion equal to 50% in an oil and gas property, known as the Smith Lease, recorded in Woods County record covering 157 mineral acres (more or less) situated on Lots 3 and 4 and E 2 of SW 3 of Section 31, Township 26 North, Range 13 West, Woods County Oklahoma, USA.
12. SUBSEQUENT EVENTS
Subsequent to March 31, 2003, 485,750 common shares, previously issued for services to be performed, were surrendered to the Company for cancellation. On April 15, 2003, the Company approved the issuance of 6,900,000 restricted shares of common stock at an agreed value of $0.01 per share to directors of the Company for settlement of accounts payable and services rendered of $69,000. The Company also approved the issuance of 1,500,000 restricted shares of common stock at an agreed value of $0.02 per share for settlement of accounts payable and legal services to be rendered of $30,000.
On April 16, 2003, the Company approved the issuance of 11,750,000 shares of common stock to six parties at a deemed value of $0.004, being the lower of $0.20 to $0.30 per share or a 20% discount to the market (which was $0.005 at the time of election to convert), as conversion of notes payable owing in the total amount of $47,000.
On April 26, 2003, the Company approved the issuance of 9,000,000 restricted shares of common stock to six parties at a deemed value of $0.01, pursuant to debt settlement agreements dated April 2, 2003, in the total amount of $90,000.
10K Entire OS was FLOAThttp://www.gonow.com/filing.php?repo=tenk&ipage=2106508&doc=1&total=&back=2&g=&a.... The Issuer's Common Shares outstanding at March 31, 2003 was 11,145,974. The aggregate market value based on the voting stock held by non-affiliates as of March 31, 2002 was $111,459 (based on 11,145,974 shares and on an average of bid and asked prices of $0.01).
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