BNP Petroleum has completed the acquisition of three leases in North Texas.
Each of the properties has a history of production and has existing well bores
available for reentry and numerous other wells that were previously abandoned
and plugged by medium and large size oil and gas companies. These properties
are the beginning of BNP Petroleum's acquisition and rework strategy. Over
the coming months, BNP Petroleum will focus on refitting the properties and
putting wells on line to create income.
Kimberly Tiemersma, BNP President said, "These initial acquisitions begin
to build our natural energy reserve base. We will continue to acquire
properties and bring our wells on line throughout 2005 in order to establish
and increase our revenue."