Advertisement

* Seahawk Oil International Inc., Irvine, reported...

Share

* Seahawk Oil International Inc., Irvine, reported that it has completed the sale of all its producing and nonproducing oil and gas assets in the United States to Pittencrieff America Inc. for about $4.5 million. The company said it will continue to be involved in international oil and gas exploration through its majority share-holding in Seahawk Overseas Exploration Corp. At a special shareholders meeting last week, a name change for the company to Seahawk Capital Corp. and a doubling of the corporation’s authorized shares to 50 million were also approved.

Advertisement