Today's news there
BDW Holdings, Ltd. Reaches Agreement to Purchase All Outstanding Shares of Transworld Oil & Gas
Thursday December 15, 9:00 am ET
Company Plans to Change Its Name to International Energy Ltd.
ORLANDO, FL--(MARKET WIRE)--Dec 15, 2005 -- BDW Holdings, Ltd. (Other OTC:BDWH.PK - News) announced today that it has reached an agreement to purchase all the outstanding shares of Transworld Oil & Gas (Other OTC:TWOG.PK - News) for stock of BDW Holdings, Ltd. The company also plans to change its name to International Energy Ltd.
BDW plans to consolidate its present shares on a one-for-one-hundred basis and purchase all the outstanding shares of TWOG for the equivalent of $0.085 per TWOG share, in new shares of what will be International Energy Ltd.
After the purchase of TWOG, the new BDWH intends to become a reporting issuer and list on a higher exchange, not only in the US, but will also seek listings overseas.
About BDW Holdings, Ltd.
BDW Holdings, Ltd. intends to become a worldwide company specializing in the extraction and production of oil and gas. The company's vision is to establish and enhance the company's foundation for future growth by developing properties that provide a balance between short and long-term reserves in both the oil and natural gas markets. Oil and gas related activities will include acquiring additional properties with potential for development and drilling. The company will work to establish and maintain a significant inventory of undeveloped prospects. The company emphasis is on production, cash flow and reserve value, which will be attained by exploring for, developing, and purchasing oil and gas properties worldwide.