Trans-Orient Petroleum (NZ) Limited
Registered Office Address
284 Karori Road
Karori
Wellington
Directors
JOHNSON, Garth
LEAN, Jennifer Margaret
Background
Incorporated: 01-OCT-1996
Trans-Orient Petroleum Ltd. has recently transformed into a venture
accelerator and incubator following the sale of its international
oil and gas portfolio.
Using its extensive international experience, established
associations, and capital base, Trans-Orient intends to build
shareholder value by continuing to invest venture capital and grow
first-mover companies involved in international oil and gas
exploration and Internet infrastructure and e-commerce, both in
energy and related fields. The dual focus on these two
complementary and high-growth areas set the Company apart from
other pure-play Internet incubators. In addition, Trans-Orient
holds production royalties over exploration properties in high-
potential frontier exploration regions in the Australasia region.
Trans-Orient has recently received stockholder approval to change
its name to ResourceNet Capital Corp. to better reflect its
business model and mandate to expand its investment universe.
Major Shareholders
Website
www.transorient.com
News
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Vancouver, BC, May 30, 2002 - Trans-Orient Petroleum Ltd., announces that Mr. Garth Johnson
appointed interim CEO and President of the Company given that the Company will not be
proceeding with the appointment of Mr. Jacobs as announced on March 11, 2002.
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Vancouver, BC, March 28, 2002-- /PRNewswire/--Further to an announcement on February 20,
2002, Trans-Orient Petroleum Ltd. (OTCBB: TOPXF) advises the record date for the
consolidation of the Company's common shares has been set for April 4, 2002.
The 4,250,470 existing common shares without par value will be consolidated, on a one new for
three old basis, into 1,416,823 common shares without par value. New share certificates
bearing the new CUSIP number 892917 30 3, will be exchanged for old certificates when they
are tendered for exchange. A letter of transmittal is being sent to shareholders by the
transfer agent to affect the exchange. Old certificates will also be exchanged in the
ordinary course of share settlements and will continue to be valid, subject to the
consolidation ratio.
Effective April 5, 2002, the Company's shares will be quoted on the OTCBB under the new
trading symbol TOPTF.
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Vancouver, BC, March 11, 2002 - Trans-Orient Petroleum Ltd., OTCBB: TOPXF)
Alex Guidi, Chairman of Trans Orient announced today that Mr. Frank Jacobs has been appointed
as the Company�s new President and CEO effective immediately. Mr. Jacobs will also be
appointed to the board of directors replacing Mr. Guidi who will remain active as a principal
shareholder of the Company.
Mr. Jacobs has most recently held executive positions with independent exploration companies
focussed in South East Asia. He holds chemical and petroleum engineering degrees from Dutch
and Canadian universities and has over 25 years of experience in the oil and gas industry,
most recently in the area of international operations involving business development,
exploration and production acquisition. Mr. Jacobs will be responsible for expanding
Trans-Orient�s oil and gas property acquisitions and its exploration strategy in South East
Asia.
Chairman of the Board, Alex Guidi commented, "I am delighted to announce the appointment of
Mr. Jacobs as the company's new Chief Executive Officer. We believe that the timing is right
and opportunities exist to build our operations in South East Asia region. Frank's extensive
expertise and industry contacts will strengthen Trans-Orient�s ability to become an active
participant in this high potential region. He has a reputation for achievement at every
stage of his career and has significantly contributed to the development of several
international oil companies."
This material includes "forward-looking statements" within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934,
as amended. The opinions, forecasts, projections, or other statements other than statements
of historical fact, are forward-looking statements. Although the Company believes that the
expectations reflected in such forward-looking statements are reasonable; it can give no
assurance that such expectations will prove to have been correct. Certain risks and
uncertainties inherent in the Company's business are set forth in the filings of the Company
with the Securities and Exchange Commission.
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Vancouver, British Columbia � January 3, 2002-- /PRNewswire/-- Trans-Orient Petroleum Ltd.
announced today that it has agreed to terminate certain royalty rights over exploration
permits held by Indo-Pacific Energy Ltd. (OTCBB: INDOF). In return, Indo-Pacific has agreed
to amend the terms of certain warrants received by Trans-Orient on March 29, 2000 at the time
these petroleum prospect interests were sold by it to Indo-Pacific.
Under the terms of the agreement the Series "A" warrants entitling Trans-Orient to acquire an
additional 836,845 shares of Indo-Pacific have been extended to December 31, 2003 and the
exercise price has been reduced to $1.25 per share up to December 31, 2002 and $1.40
thereafter.
The Series �B� warrants which come into effect in the event a commercial discovery occurs in
any of the permits and licenses, Indo-Pacific will issue Trans-Orient additional warrants to
acquire shares equal to the number of Series "A" warrants exercised. These warrants will
expire on December 31, 2003 in conjunction with the Series �A� warrants and the new exercise
price is $2.50 per share.
The amendments were agreed upon to provide Trans Orient with increased near term equity
exposure to Indo-Pacific while providing Indo-Pacific with long term relief from royalty
burdens in order to make the properties more attractive to potential third parties.
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