news release
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Update on Majority Stockholders
Date: 12/27/2012The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that the Board of Directors of the company approved the acquisition of all outstanding common stock shares of the company owned by NIH Group Limited, totaling Forty Nine Million Five Hundred thousand (49,500,000)Class A common stock.
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Re-Appointment of Chairman and CEO
Date: 12/13/2012The Blacksands Pacific Group, Inc. including affiliates and subsidiaries announces that the Board of Directors of the company has approved the re-appointment of Raheem Brennerman as Chairman of the Board, President and Chief Executive Officer.
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Successfully Secured a $720 Million High Yield Note Facility
Date: 06/19/2012The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has successfully secured a Seven Hundred and Twenty Million United States Dollars (US$720,000,000) high yield note facility, with its Far East investment partners.
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Approval of Additional Stock Acquisition
Date: 06/19/2012The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that the Board of Directors of the company has approved the offer from Jefferson III Holdings, LLC to acquire all the outstanding common stock shares of the company currently owned by NIH Group Limited, totaling Forty Nine Million Five Hundred (49,500,000) Class A common stock equating to eleven per cent (11%) of the total outstanding common stock of The Blacksands Pacific Group, Inc.
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Announcing 2012 Strategy and Development Plan
Date: 02/09/2012The Blacksands Pacific Group, Inc. including affiliates and subsidiaries today announces a summary of the Company's business strategy and development plan for the year 2012.
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Expansion into the Williston Basin, North Dakota
Date: 02/08/2012The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has reached an agreement with its partner, to jointly develop the Oil prospects within the Williston Basin Prospect, in North Dakota. The Williston Prospects includes oil and gas leases held within the Tyler, Lodgepole, Bakken, Red River and Three Forks producible zones.
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Expansion into Bakersfield, California Oil Prospect
Date: 02/08/2012The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into a Joint Venture Partnership Agreement for the exploration and development of a new Oil prospect located in the City of Bakersfield, Kern County, California.
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Acquisition and Joint Venture Partnership in California.
Date: 10/21/2011The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into a Joint Venture Agreement with Oil and Gas Technology Fund Inc for the development and production from the Torrance Field acreage located in the Los Angeles Basin, California and the exploration and development of other Prospects, in Nevada.
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Announcement of Majority Shareholder
Date: 09/23/2011The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that the Board of Directors of The Blacksands Pacific Group, Inc has approved the transfer of majority shares interest (totaling sixty five per cent shareholdings) of combined common and preferred stock of the Company to Jefferson III Holdings LLC.
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Acquisition of Interest in Oil Block OPL 2012 in Nigeria
Date: 09/12/2011The Blacksands Pacific Group, Inc including affiliates and subsidiaries announces that it has entered into an Agreement with Sigmund Oilfields Limited and Grasso Consortium consisting of Grasso Nigeria Limited, Oil and Gas Mission Limited and Eurafric Energy Limited for the development of the leased acreage OPL 2012. OPL 2012 is located Offshore Niger Delta, in shallow waters between 50 and 100m, within a highly prospective zone bordered by Shell's HD field to the northwest, NNPC's Agbara field to the west, several oil and gas discoveries of Addax to the south, H1 field of Sunlink to the west and JK Field of Shell to the north.
