Business Editors WILLOW PARK, Texas & NETANYA, Israel--(BUSINESS WIRE)--NESS-- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced it has acquired additional leases, and is in contract talks with a large independent, which Ness believes will result in quarterly results exceeding previous forecasts. Also, the U.S. has recently released highly positive new information on the Barnett Shale. Additional North Texas Leases Ness Energy has leased and has acquired, over the last 20 days, the rights to explore and drill for oil and gas on approximately 3,500 acres in the Ft. Worth Basin of North Texas. These additional leases, to the already 10,000 acres held by Ness, will again supply Ness with an opportunity for additional accelerated growth by directly working with larger independents seeking the vast resources of the Barnett Shale formation. Barnett Shale News The Barnett Shale estimates received an extra boost with news recently released by the government. The long-awaited U.S. Geological Survey assessment of the Barnett Shale shows a recoverable reserve of almost 30 trillion cubic feet of natural gas. These figures are expected to increase in the near future as technology continues to advance and drilling continues. The Barnett Shale is a highly prolific gas formation that is quickly becoming one of the largest gas fields in the Nation. Over 2,000 wells have been drilled in this region, with some wells coming in well over three million (3,000,000) cubic feet per day as the horizontal drilling and completion procedure is refined. Ness views the Barnett Shale area a bonus that may generate significant cash flow and value to the Company (Ness has the rights to acreage which include the Barnett Shale.) Ness Working With Independents As recently announced, Ness is establishing business deals with larger independent oil and gas companies affording Ness significant income and forecasts. Such efforts are being spearheaded by President Sha Stephens based upon his relationships and know-how of 25 years in the business. These transactions generally involve Ness obtaining cash and other rights. In addition, Ness may have access to the 3-D seismic studies that will be conducted by these entities. Having both the acreage to drill, and the 3-D seismic results, should enhance success for Ness and its joint venture partners on future drilling deals, essentially increasing the chance of a successful well, while minimizing drilling risks. As part of these plans, NESS has delivered, for its deals with these independents, lease contracts with mineral owners in 5 different counties of North Texas for an additional 4,500 acres and is in discussions and delivering contracts with landowners that represent approximately 10,000 acres available for lease. Each day new prospects are being generated adding to the total of gross mineral acres. The results of these efforts are forecasted to be significant, and may, to the extent they are completed, in part, this month, permit Ness to exceed its 2nd quarter estimates. So far, leases have been written in excess of $1,500,000, with an additional $1,687,500 pending. Currently, a large Houston, TX oil and gas company has afforded NESS the opportunity to acquire leases on their behalf in exchange for cash, certain drilling rights and other considerations (terms being confidential at this time). Again, NESS Energy is being blessed by these "once in a lifetime" events. About Ness-The Vision The current business of the Company is focused upon development and execution of oil and gas exploration plans with a focus both on pursuits in the petroleum rich State of Texas, and also in the Middle East, specifically Israel. Ness believe Israel, in particular the southwest end of The Dead Sea, is a place where "Science and The Bible shake hands" and that Ness will achieve the vision of the location and recovery of an abundant source of oil and gas in Israel. Certain Information Certain statements above are forward-looking based on Management's expectations or estimates, subject to change. Words like "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates" and similar identify them. They are not guarantees of performance or otherwise and are subject to risks, uncertainties and other factors, some beyond control and difficult to predict. Therefore, outcomes may differ materially from these statements. Do not place undue reliance on them. Unless legally required, the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise. The Company disclaims information created or distributed by any outside party and endorses only its official Press Releases. Comments concerning plans, filings, reports or other documents are limited in that they may express opinions or be summaries of less than all of the information. KEYWORD: INTERNATIONAL AFRICA/MIDDLE EAST TEXAS INDUSTRY KEYWORD: ENERGY ENERGY OIL/GAS MERGERS/ACQ SOURCE: Ness Energy International, Inc. CONTACT INFORMATION: Ness Energy International, Inc. Tina Sbriglia - Investor Relations 817-341-1477 or info@nessenergy.com Visit us on the web at www.nessenergy.com
Ness Energy: $1,000,000 Income Estimate April And June Estimate to Equal or Exceed, Largest Quarterly Income Projected in Ness History for Israeli Vision
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Business Editors WILLOW PARK, Texas & NETANYA, Israel--(BUSINESS WIRE)--NESS-- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced, subject to financial statements being prepared, April income approached an estimated $1,000,000, the largest monthly income in the Company history, and current month (June) income is expected to reach or exceed $1,000,000, projecting the largest quarterly income in Ness history (Second Quarter), supplying cash from the business, for the first time in Ness history, to support our efforts here and see the company vision for Israel come to pass. The results are both in use and allocated for Texas operations, acquisitions and Israeli operations, and related needs. For example, the recent Texas acquisitions were funded from April income. April Estimate Ness President Sha Stephens confirmed, "I am thrilled. Ness has experienced the largest monthly income in our history, far exceeding any income for any past period of Ness, this income being derived from oil & gas sales, using our assets to grow the company and doing so without any stock sales from the company. I estimate our quarterly report will confirm income in excess of $1,000,000 based on April alone." Transactions in April supplied, before any deductions for expenses or otherwise, straight into the Company's bank account, approximately $1,000,000, unaudited, for the month of April. The estimated income was the result of transactions completed in April. The income will be recorded for this second quarter, when Ness files its quarterly financial report. June Income Projected President Stephens further stated, "As disclosed last week in a release, we expect to complete another deal with a large independent oil and gas company in the very near future. Based upon the circumstances of this one, and our past experience, we project monthly income for June may equal or exceed April. This quarter (April, May, and June, 2004) will reflect the largest income in Ness history.
WILLOW PARK, Texas & NETANYA, Israel--(BUSINESS WIRE)--NESS-- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced today that it has just been made aware that the company has been listed on the Berlin Stock Exchange without the company's permission or consent. Sha Stephens, Ness Energy International, Inc. President/CEO, stated, "The company is presently investigating this matter and is very concerned regarding the unauthorized listing and has requested that the Berlin Exchange remove the company's stock from the exchange. Investors interested in acquiring shares of Ness Energy International, Inc. security should do so only on the NASDAQ Over the Counter Bulletin Board under the trading symbol OTCBB: NESS." Stephens further stated, "The company is in the process of taking steps to protect its shareholders from potential manipulation as well as illegal naked shorting of its security in violation of NASD Rule 3370."
About Ness
Ness Energy is an aggressive, emerging oil and gas company building on deals that make sense. Ness Energy operates interests in the Ft. Worth Basin and the Coastal Plains regions of Texas. Ness is also a very active player in the energy industry in Israel carrying out the Vision of The Company. Ness Energy is building at a high-speed pace through Merger, Acquisitions, Drilling, Re-Work and Re-Entry.
Ness Energy Delists from Berlin Exchange; No Further Trading, and Continues Efforts to Protect Shareholders
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Business Editors WILLOW PARK, Texas & NETANYA, Israel--(BUSINESS WIRE)--NESS-- Ness Energy International, Inc. (OTC Bulletin Board: NESS) announced it has confirmed the de-listing of the Common Stock with the Berlin Bremen Stock Exchange, a move pursued by Management. Trading in Germany should stop today, and Ness continues efforts to protect shareholders. Delisting and Related Efforts Late last week, Management determined it would be in the best interests of shareholders to remove the unauthorized listing of Ness common stock with the Berlin Bremen exchange overseas, called a "delisting." Through the efforts of counsel working through the weekend, Ness has been advised the delisting will take effect at the close of business today, about two business days after efforts started. While the exchange has argued that there is no disadvantage, Ness believes the listing posed opportunities for negative trading activity, the same belief voiced by numerous US public companies who have also demanded delisting. Further, the listing was never consented to by Ness, something fundamentally contrary to American principles. Though the exchange argued original listing did not need consent, Ness took steps to do what Management believed was right and pursued the end of the unauthorized listing, thus ending trading in Germany. Ness continues discussions with counsel and its transfer agent and others on steps to protect the integrity of the stock from overseas activities, an environment often beyond the reach of US regulators and Management view. Steps may include rules on share transfers involving questionable firms or owners operating outside US laws and regulations. Any further steps, however, will comply with law, as part of Ness principles to be a compliant company in today's market.
[This message has been edited by keithsan (edited June 28, 2004).]
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