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Ford Spoleti Holdings Snaps Up Texas Oil Co

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Ford Spoleti Holdings, Inc. | Thursday, May 21, 2009

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News Topics Ford Spoleti Holdings has completed the acquisition of Eagle Oil
Regional News Holding Company, an oil production company with an oil field in East
Texas. Eagle Oil's field is one of the largest in East Texas located on
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the established Woodbine deposit and consists of over 927 acres. As
Downstream News
a result of the acquisition, Eagle Oil became a wholly owned
FINANCE & INVESTING subsidiary of the Company. The Company expects to change its
name to Eagle Energy, Inc.
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Finance Headlines Currently Eagle Oil has four oil wells in production and the field
Commodity Prices contains more than an additional 100 wells which are available to be
Industry Stocks reconditioned and brought back online. Engineering reports show
that Eagle Oil's field contains over 12,000,000 barrels of recoverable
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oil, valuing the recoverable oil at over $660 million at current market
NEWS SERVICES prices. Work is already commencing on the field. Further information MOST POPULAR ARTICLES
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and announcements will be forthcoming about Eagle Oil's progress.
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Simultaneous with the acquisition, Anne Ford Spoleti resigned as 1. Interior Secretary Yields in Showdown over Utah
RSS Feeds sole officer and director of the Company and was replaced by Brian Leases

Mobile News Wilmot, an oil industry veteran, as CEO. Shareholders of Eagle Oil 2. Venture Proves Gas at Kew Appraisal in Greater
Markham Area
received a total of 28,650,000 shares of the Company's common
3. Brazil's Lula Sees Petrobras Furthering Investments
stock as consideration for the acquisition.
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http://www.rigzone.com/news/article.asp?a_id=76407 5/22/2009
RIGZONE - Ford Spoleti Holdings Snaps Up Texas Oil Co Page 2 of 2

- National Fuel All Smiles over Marcellus ... (5/21)

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http://www.rigzone.com/news/article.asp?a_id=76407 5/22/2009