Friday, June 23, 2006
EWING MESA: Back in April we reported the agreement between Oakridge Energy, Inc. of Wichita Falls, Texas and Denali Partners of Minneapolis, Minnesota for the sale of 1,965 acres of land on Ewing Mesa southeast of Durango. In a press release Oakridge Energy, Inc., the owner of the tract, said the potential buyer, Denali Partners had terminated its option to buy after a 60 day inspection period. Denali Partners deposited $2 million in earnest money in April for a 60 day inspection. The earnest money has been returned, Oakridge said in its press release.

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