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Show Eastern P etroleum Renegotiates Acquisition Terms CASPER, Wyo Eastern mately 26.4 cents per common renegotiation and the original share according to an offer agreement was allowed to .25, .35) will be acquired by accepted by Easterns Direcexpire. Wilson Propane Wholesale tors on March 26, 1976. WiThe new acquisition plan Supply Company, Inc. for a lsons original offer for the will be closed as soon as lesser cash consideration per Casper-base- d petroleum propossible after proxy stateshare than was originally ducts marketer amounted to ments have been mailed to agreed upon by the two com- 34.4 cents per Eastern comEastern shareholders and mon share, but Eastern's majority panies. approval gained at a .Wilson Propane will puroperating losses for the fiscal special shareholder meeting to chase the assets, property, year ended October 31, 1975 be held this summer. and business of Eastern Petroand a drop in the companys Wilson has acquired leum Company for approxi audited book value prompted 617,000 or approximately 40 Petroleum Company (OTC percent of Easterns-1,51,576 ural gasolines, owns undevelissued and outstanding shares oped oil and gas leases in in the open market during the Wyoming and Nebraska, and past three months. Wilson, has engaged during the past privately-held- , is a marketer, two years in an active exploratransporter, broker, and tory drilling program in Colorretailer of natural gas liquids ado, Wyoming and Nebraska. with operations in several midwestem and southwestern states. Eastern Petroleum markets natural gas liquids including propanes, butanes, and nat 4 Gulf Energy Announces Reorganization SALT LAKE CITY-G- ulf Energy Corporation (OTC .08, d .13), a Salt Lake exploratory oil, gas and uranium company, and Coal-Inc., have jointly announced that they have signed a letter of intent to reorganize through e a stock exchange . Under the reorganization plan, Gulf Energy would be the surviving corporation and Coal-X- ; would become a wholly owned subsidiary. The City-base- X, tax-fre- Mti'fo fam?; amtiaweA stockholders of Coal-will receive 18,818,000 shares of Gulf Energy Corporation stock for their 100 percent interest in Coal-X- . It is anticipated that the officers and directors of X scofwtafe Coal-- X will become the offi- cers and directors of Gulf Energy Corporation after the reorganization. It is also expected that the current president of Gulf, Dean Rowell, will remain on the new Board of Directors. Gulf has oil and gas leases in Utah and California with uranium leases also in Utah. Coal-has a acre coal lease in West Virginia, containing in excess of 2 million recoverable tons of metallurgical coal. Mining plans are currently under consideration and mine development is expected to commence once X 0 financing for the reorganiza- tion has been completed. Weitz Named to Logicon Post LOS ANGELES-Logicon-Interco- mp, commercial products subsidiary of Logicon, Inc. (OTC 4.00, 4.50) today announced the appointment of A1 Weitz as national sales manager. For further information please call James Barrett , Chairman. Area Code 208 356-422-9. Weitz will report to Marketing Vice President Thomas M. Ratigan with responsibility for sales operations in four m, regions-Eastemarketing Midwestern, Southern and Western. L-- Is Weitz, a printing manage- First Lombard Corporation Investment Bankers Salt Lake City Idaho Falls ment graduate of Los Angeles Trade Tech and California State University at Los Angeles, has 17 years of experience in printing and publishing. Before joining I, he was sales manager for System L-- Development Corporation. he was regional sales manager for Talstar C omputer Systems and regional sales manager for Composition Systems, Inc. Previously, |