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Author Topic: NESS
Dardadog
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This looks to be a good player with nice bounce pattern for in and out and in and out bank opportunity. Keep a very close eye on it......


Ness Energy International, Inc. Presence in Israel - Groundwork Being Laid
Tuesday October 12, 2:16 pm ET


WILLOW PARK, Texas and NETANYA, Israel, Oct. 12 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - News) announced today that its president, Sha Stephens, while in Israel accompanied by several close advisors, was pleasantly surprised at the market reaction to yesterday's news release. The Israeli management company of the Israeli oil and gas public company Modi'in Energy, acquired by Ness Energy of Israel, Inc. saw mirrored positive stock performance on both the Nasdaq BB and the Tel-Aviv stock exchange in the form of increased volume and shareholder value. "We are happy to see that the shareholders are continuing to share and follow our vision," said President Sha Stephens. "If there was any doubt as to the direction the company was headed, there are definitely no questions now." We will continue with our global efforts, both domestically and internationally, of building a company with a good solid foundation based on "deals that make sense." Again, more details regarding this acquisition will follow in a few days along with a report of continued progress regarding South Texas operations.


======================

Ness Energy Advances Israeli Vision: Acquires Management of an Israeli Public Company, Expanding Operations and Opportunities in Israel
Monday October 11, 3:36 pm ET


WILLOW PARK, Texas, and NETANYA, Israel, Oct. 11 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - News) announced, as Part 1 of a two part company release, the completion of the pending acquisition of the Israeli management company of the Israeli oil and gas public company Modi'in Energy, with assets and relationships in Israel, complementing both Ness plans for Israeli exploration and the need for an expanded Israeli presence.

The acquisition supplies management control of the Israeli public company, which may permit additional Israeli acquisitions, exploration and transactions, utilizing the Israeli company as the workhorse.

Significant Goal Reached

Ness President and C.E.O., Sha Stephens, who became President following the death of his father, founder Hayseed Stephens, marked two goals this past year. One to increase Texas operations, which has been on a steady track with additional leaseholds, well operations and transactions with independents, and two, improving and expanding Ness in Israel, something Management believes will occur now that Ness has acquired an Israeli company with assets and relationships in the oil and gas business.

According to President and C.E.O. Sha Stephens, "While it seems we have been somewhat quiet in recent weeks, now the market will know why. We have been working on this acquisition, and I believe it will take us to a new level in Israel. While various oil and gas deals exist here in Texas, Wall Street recognizes our company has an added plus, and that is the international aspect of offshore pursuits in Israel."

Acquisition Information

Ness will release the final agreements and additional acquisition details within a few days and will supply further news as the result of this acquisition and the planned Israeli meetings.

Preliminary details include, in summary, Ness Energy of Israel, Inc., now controls management of the public trading Israeli partnership Modi'in Energy. Modi'in has certain rights in offshore oil and other pursuits with large oil companies such as ISRAMCO and NAPHTA, and has, subject to legal conditions, rights to finance opportunities in Israel relating to shareholders and investors living there.


===========================


Ness Energy Closes Additional Transaction With Large Independent; Oil Reaches Historical Levels as Meetings With Wall Street Firm Ongoing in Texas This Week
Thursday September 30, 3:44 pm ET


WILLOW PARK, Texas and NETANYA, Israel, Sept. 30 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - News) announced the completion of the third transaction with the large independent oil and gas company of approximately $500,000.00 bringing the total sales to this company over $2,000,000.00. Meetings with a Major Wall Street firm and its financial contacts are ongoing in Texas at press time in the light of unprecedented increases in oil and gas prices.

Transaction With Independent Completed

Earlier this year, Ness announced new discussions and efforts with larger independent oil and gas companies seeking to transact with Ness to lead to a vast expansion of Texas exploration and development, along with cash flow to Ness. Ness has undertaken more than one of these transactions, and further are planned. Ness has now completed another transaction resulting in approximately $500,000 gross to Ness and Ness believes cash flow from these transactions will assist the Company in its plans to establish solid cash flow through production maintaining the fact that they will, and are expanding operations in Israel.

Oil Prices Rising, Shortages Predicted, Meetings On Going

Oil lingered above the $50 per barrel threshold in Asian trade, breaching the mark for the second straight day. Oil now costs around 75 percent more than it did a year ago. Crude oil just traded at $50.09 per barrel. It hit $50.47 on Tuesday. As we approach winter, demand and prices may increase. As the cost of oil rises, Ness believes negotiations and opportunities for funding and ventures will increase during this year and into the new year as investors shift their focus to the commodity which occupies many media outlets.

Oil shortages may increase dramatically. The debate is flaring up on supply and demand with new concern because of some powerful forces changing the geopolitics of oil, among them the rise of an oil-guzzling China and persistent instability in the Middle East, Russia and elsewhere. So far, over the approximately 150 years since the first oil well was drilled, the world has consumed about 900 billion barrels. The industry remains bullish. It believes continued improvements in technology will enable it to extract enough fossil fuel to stay ahead of demand. Ness is utilizing recent industry improvements on its re-work projects and believes that fears concerning shortages will make exploration in Texas, and possibly even Israel, attractive opportunities in the World today. Ness is attempting to establish both short and long term funding for its exploration program. Ventures and funding to Ness this past 12 months have already resulted in well over $1 million dollars in cash. Ness is now poised to expand operations, having established a vehicle with existing well re-works and real estate rights, professional advisors, including lawyers and consultants, a history of completed transactions with larger independents, and a company that is audited, well managed and focused on a vision going beyond just locating oil and gas in Texas ... to locate a large supply of oil and gas in Israel, where Ness maintains assets and operates in the country.

Possibly in light of these World events, but more importantly from groundwork with Wall Street this past year, meetings have occurred this week, as Wall Street and related advisors traveled from their New York and Florida offices to meet and negotiate with President and CEO Sha Stephens at company headquarters.

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Ness Energy's South Texas Well Ready
Wednesday September 15, 6:21 pm ET
Exploration Underway, Initial Indications of Significant Recovery, Support for Ongoing Funding Program


WILLOW PARK, Texas & NETANYA, Israel--(BUSINESS WIRE)--Sept. 15, 2004--Ness Energy International, Inc. (OTC Bulletin Board: NESS - News) announced the completion of its South Texas well re-work preparations, and commencement of exploration plans, accompanied by some initial indications of strong potential recovery, supporting discussions with well project funding sources.

South Texas Well Completed

Ness has re-worked the Atoka Energy Gohlke #1 well in South Texas. These efforts have included deepening the well an extra 1,500 feet to a total depth of 10,000 feet. Sha Stephens, President said, "Our goal of exploration and discovery here and abroad requires a foundation of cash flow. Our efforts overseas and in Texas are in line with our core business of exploration, based upon re-works. We are pleased to say that we have this well in a configuration capable of production. Estimated bottom hole pressure calculated by an independent Petroleum Engineer is estimated to be around 6000psi. We expect this well to produce in excess of 3 billion cubic feet of gas before this zone is depleted. There are at least 8 different producing intervals or zones that will be developed in the future. The reserves (gas in place) in this well are worth in excess of $10,000,000.00. "Now we are in the process of negotiating a gas contract and arranging for a tie in tap location into the sales line so we can begin our hook up process. This will be performed immediately. The well will be hooked up and selling gas by early October."

The Enron Oil and Gas Gohlke #1 is also in the process of re-entry by Ness. "We had such favorable results with the Atoka Gohlke #1 well that we moved the rig to this location expecting to duplicate the potential we found in the first.

Plan Underway, Initial Data

According to President Stephens, "We are now in the stage of direct exploration, seeking recovery in the first of 8 potential pay zones (areas for resource location and extraction). We will start at the lowest one, at about 9950 feet, and work our way up. Wellhead pressure on the surface equipment is better than expected indicating a good potential for an underlying sizable recovery. Well completion, and these indications we now have, support discussions with existing finance sources for a multi-million dollar well funding program to finance our future well exploration."

Ness anticipates well operations to continue this week, with final testing and evaluation of the Atoka Gohlke underway. The Enron Oil and Gas Gohlke #1 should be finishing up early next week. Results will be forthcoming.

Ness has purchased leases in the area that include 16 re-entry candidates and enough acreage to drill new wells when the time comes. Ness has another 10 wells, that possess the same qualities as the Gohlke wells in sight and expect to secure leases on a number of those in the weeks ahead. This will keep Ness in re-entries for some time.


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NESS - NESS ENERGY INTL (OTCBB)
Date Open High Low Last Change Volume % Change
10/12/04 0.3600 0.3900 0.2900 0.3900 +0.1500 1260700 +62.50%


Composite Indicator
Trend Spotter TM Hold

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Buy
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Buy

Short Term Indicators Average: 60% - Buy
20-Day Average Volume - 345560

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 50% - Buy
50-Day Average Volume - 225034

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Sell

Long Term Indicators Average: 33% - Buy
100-Day Average Volume - 192704

Overall Average: 48% - Buy

Price Support Pivot Point Resistance

0.3900 0.2567 0.3567 0.4567

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'wid ma mind on ma money an' ma money on ma MIND!!!!!!!

Do Da Due!!!

RUFF!!!

Dog


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legal1082
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Hey Dog, got a couple hundred to invest this morning. Which is better ness or btor in your opinion?
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Dardadog
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I'm watchin' both carefully. BTOR has possibility for higher gain just because of current price level if it gets to movin'...

------------------
'wid ma mind on ma money an' ma money on ma MIND!!!!!!!

Do Da Due!!!

RUFF!!!

Dog


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