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  1. #1
    Senior Member JohnDoe2's Avatar
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    Chinese investment company to buy Texas oil fields for $1.3 BILLION

    Chinese investment company to buy Texas oil fields for $1.3B

    Posted: Sunday, October 25, 2015 3:56 am | Updated: 7:00 am, Sun Oct 25, 2015.
    Associated Press |

    BEIJING (AP) — A Chinese investment holding company said it has signed a letter of intent to purchase oil fields in Texas for 8.3 billion yuan ($1.3 billion) through a limited liability partnership.

    In a disclosure to the Shanghai Stock Exchange, Yantai Xinchao Industry Co. Ltd. said the oil fields in Howard and Borden counties would be bought from Tall City Exploration and Plymouth Petroleum, two Nevada-based companies.

    In the Saturday filing, Yantai Xinchao said it signed a letter of intent Friday with Ningbo Dingliang Huitong Equity Investment Center, a limited liability partnership, and its seven shareholders to buy the oil fields through a Ningbo Dingliang subsidiary, Moss Creek Resources LLC.

    It said the transaction has been approved by the Committee on Foreign Investment in the United States.

    http://www.brownsvilleherald.com/new...05cf6379a.html

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  2. #2
    Administrator ALIPAC's Avatar
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    We need those oil fields if we have to go to war with China. This kind of sale should be against the law!

    Who the hell runs the Committee on Foreign Investment? They should be brought up on charges of Treason for selling oil fields to the Chinese as their large groups of illegal aliens breach our borders each night as their military prepares for war with Japan and the United States!

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