RENO, Nev., Feb. 11, 2011 /PRNewswire/ -- Eagle Oil Holding Company, Inc. (OTC Pink Sheets:EGOH.pk - News) announced today that it has agreed to a mutual cancellation of the Letter Of Intent (LOI) for the field development by the proposed operating partner as announced in December 2010. The proposed partner was unable to make a determination of whether or not to begin work on the field as they had outlined in the original plan. At this time, the Company is completing the negotiations with another operating partner to get the field back into full operation. The Company expects to be ready with a new agreement within the next 10 days.
Share Structure
Market Value1 | $2,904,246 | a/o Feb 18, 2011 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares Outstanding | 78,493,132 | a/o Nov 19, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Float | 35,000,000 | a/o Aug 09, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Authorized Shares | 100,000,000 | a/o Aug 02, 2010 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
Par Value | N/A |
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