Bzi has just made an announcement regarding participation in the amazon oil and gas prospect in South Louisiana(usa) with a company called pass petroleum. The catch is that pass petroleum is part of Fausse Point Exploration Project which comprises oil and gas reserves. The reserves are located in Louisiana. As of October 5, 2009, Pass Petroleum LLC operates as a subsidiary of Verus Investments Ltd.
Bzi has agred to participate in the following 2 wells with vil.-Pass petroleum
Summary of Farm‐Out Assets Prospect Potential Estimated of Drilling Timing Amazon Gas: 350‐500 BCF Liquids 35‐50 MMBBLS Q2, 2010 Thames
BZI Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
