Kabe Exploration Announces Joint Venture Investment
SAN DIEGO--(BUSINESS WIRE)-- Kabe Exploration (OTCBB: KABX) announces a 1031 exchange with its joint venture partner International Equity Partners Oil & Gas, Inc. to acquire 10,000,000 shares of its common stock. International Equity Partners Oil & Gas is also in talks with Kabe's largest shareholder to acquire a controlling block in a private sale. International Equity Partners Oil & Gas will contribute capital and expertise toward developing the assets for production. KABE and International Equity Partners Oil & Gas have prepared a detailed business plan and operational schedule. "We strongly value our joint venture partnership and believe through International Equity Partners we can effectively achieve our goals," says Erik Ulsteen, CEO.
About International Equity Partners Oil & Gas
INTERNATIONAL EQUITY PARTNERS OIL & GAS, INC. is a Canadian energy holding company. The company's purpose is to acquire oil and gas assets, oil and gas exploration, refinery and pipeline sectors of the energy industry and other synergistic assets. We also are targeting oil field services companies for acquisition. We acquire assets under traditional debt, revolving credit facility, limited partnership, and direct equity ownership of assets, special purpose entity to hold assets, with the company maintaining controlling interest or joint venture interest.
About Kabe Exploration Inc.
Based in San Diego, California, Kabe Exploration Inc. is an oil & gas exploration and development company that acquires mineral rights in prolific shale plays for production.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements that involve a number of risks and uncertainties. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "intends," "plans," "should," "seeks," "pro forma," "anticipates," "estimates," "continues," or other variations thereof (including their use in the negative), or by discussions of strategies, plans or intentions. A number of factors could cause results to differ materially from those anticipated by such forward-looking statements, including those discussed under "Risk Factors" and "Our Business." Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Our actual results could differ materially from those anticipated in the forward-looking statements for many reasons.
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