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OTCBB:KUKH), a Utah corporation, today announced that it has entered into an agreement (the "Sales Agreement"), dated as of August 5, 2004, to acquire Value Global International Limited, a British Virgin Islands company, in an all-stock transaction. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region - with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. The Company intends to build a portfolio of high producing oil and gas fields in the Middle East and the Caspian Region -- with production potential in excess of 50,000 barrels of oil per day (BOEPD), and is pursuing material and high value global oil and gas upstream opportunities. |
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