Beach Supply Co., a Huntington Beach gas...

Beach Supply Co., a Huntington Beach gas and oil firm, said it is making a tender offer to buy 50.01% to 100% of a small Long Beach oil firm. Beach would pay $1 million to $2 million for its interest in Huntington Signal Oil Co., which had a net loss of $108,000 last year. Beach, which owns about 60 oil wells from Huntington Beach to Wilmington, wants Huntington Signal’s real estate and about six wells that it owns, said Peter von Elten, executive vice president and general counsel. He said that talks between the two firms are expected to start in a week or so and that Beach hopes to make it a friendly takeover. Beach is a partnership of Carl M. Weaver, an independent oil producer, and Mola Development Corp., a commercial and residential real estate developer that is also the controlling shareholder in Charter Savings Bank in Fountain Valley.