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Article: United States: Echo Satellite Communications, Inc. (ECSC) Inks LOI to Acquire Xeric Oil & Gas.
- Article from:
- TendersInfo
- Article date:
- November 3, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
Echo Satellite Communications, Inc. (Other OTC:ECSC) announced today that it has entered into a letter of intent to acquire the assets of Houston, Texas-based Xeric Oil & Gas Corp. ("Xeric"). The transaction gives ECSC working interests in more than 200 productive oil, natural gas and water disposal well properties located in Montana, New Mexico and Wyoming. ECSC will continue to operate its satellite communications and remote video surveillance businesses.
"We have been searching for an opportunity to join with an aggressive, forward-thinking public company," said Ron St. ...