ALDERSHOT AGREES TO ACQUIRE INTRACOASTAL REFINING

  Aldershot Resources Ltd said
  it signed an interim agreement to acquire 100 pct of the
  outstanding shares of Intracoastal Refining Inc of Conroe,
  Texas.
      Aldershot will pay a certain number of shares of common
  stock based on book value, and up to a maximum of one mln
  shares under a formula linked to the next five years' pre-tax
  net revenues.
      The transaction is subject to completion of a definitive
  agreement and to regulatory approval.
  

