Ness Energy: Israel Analysis, Texas and Wall Street Reports,
Pending Acquisitions and Agreements
WILLOW PARK, TEXAS, U.S.A./NETANYA ISRAEL: December 23,
2003, /PRNewswire-FirstCall/ -- Ness Energy International, Inc.
(OTC Bulletin Board: NESS) announced today it is has undertaken an
analysis of Israeli sources as part of a plan to pinpoint and
locate future Israeli projects, Ness counsel is preparing
agreements regarding the negotiated arrangements that have been
ongoing with Wall Street financiers and brokerage firms, and is
now focused on completion of a comprehensive release regarding
progress in Texas, Israel and the vehicle that will take us there.
This update will be released before year end. Ness is committed to
"realize" our vision, to bless and enrich Israel, the Christian
communities and those shareholders and other supporters of Ness
who believe with us as we boldly go forward to accomplish the work
at hand.
Recent Meetings, Ongoing
These past few months, the Ness President and his company
representative, have been conducting a flurry of meetings with
different sources. These sources have been assisting the company
with science, both geological and geophysical and also historical
contacts have been made to gain knowledge of the area so that we
may have all the tools necessary to locate THE drilling location
in Israel. The pursuit of the needed funding for Ness’ Texas
projects has been on the front burner and has been discussed daily
with Wall Street firms. This funding will be used in the
field, working on wells, which in turn will move the company into
a position to drill in Israel. According to President
Stephens, "our company representative was sent to New York to
continue meetings with the Wall Street group. Immediately upon
completion, the representative then flew to Florida for additional
meetings. At the same time I rearranged my schedule,
and instead of New York, I moved my focus from Wall Street to
Israel, holding meetings in Colorado, California and Nevada to
gain additional knowledge of the area around the Dead Sea."
Israeli Analysis
President Stephens stated, "While the work on the newly
acquired leases and wells continue, the increased production in
Texas will be the platform or foundation for our vision, as we
retain the direction of my Dad, Hayseed, in seeking an abundant
source of wealth for Israel, which we believe to be supported both
by science and scripture…. As my Dad said so many times, the
Southwest End of the Dead Sea in Israel is the only place in the
world where Science and The Bible shake hands. To accomplish this,
I have been meeting with experienced professionals, including
Historical Archeologists, Petroleum Geologists and Geophysicists,
all of which are very knowledgeable about the past history and the
geography of the area we are targeting in Israel. These meetings,
held in Colorado, California and Nevada, have uncovered some truly
amazing science, history and little known facts found after years
and years of research and study by these gentlemen. This
information gathered, stirred and sifted together in order
to base our direction, both immediate and long term on a
recipe of Bible, Science, History, and Fact. The final results of
our analysis will be put into motion early in 2004."
Wall Street
Stephens further states, "We are now in a contractual process
with sources in New York. These contracts have been generated as a
result of the meetings held on Wall Street. Our efforts should
develop a long term funding strategy, backed by contracts and
agreements. This also lands us sophisticated manpower that will
support Ness with future mergers, acquisitions and projects."
Comprehensive Report
Ness is in the midst of a dynamic and demanding span in time.
It is focused on operations and reworks in the oil and gas fields
of Texas, while at the same time, concentrating on Israel and the
work to be done there. In the midst of all of this, Ness is
also securing financing to undertake all these tasks. Ness is
planning its work program, both in reworking existing wellbores
and drilling new wells. It is a very aggressive and extensive
program designed to get the biggest bang out of the buck for 2004.
A trip to Israel is planned in February for the Ness President.
Funding and similar efforts on Wall Street are ongoing. The
completion of an Israeli acquisition is on track and will close
this month. Ness has secured financing and partners and is in the
contractual phase of two pending Texas acquisitions, the first of
which will close in January. This first deal alone nearly doubles
the size of Ness’ domestic operations. According to President
Stephens, "I believe a comprehensive report will be released by my
office before year end. I will be covering our position on
numerous fronts in our ongoing and very aggressive campaign to
realize the vision of Ness. We, however, also must remember this
time of year is one for a special emphasis, God and family, God’s
love shown toward us by sending His Son, and family coming
together from all parts of the world to celebrate His birth for
the salvation of mankind. I view Ness as our family and our vision
as one ordained by God. Therefore, we remain active and working
hard for our shareholders. To generate cash flow, and continue to
build the company even during this blessed time of year."
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 believes that 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 to supply Israel and the Christian communities
with supernatural wealth.
Certain Information
Certain statements in this news release may contain
forward-looking information and are based on Management's current
expectations, estimates and projections subject to change. Words
such as "anticipates," "expects," "intends," "plans," "targets,"
"projects," "believes," "seeks," "estimates" and similar
expressions are intended to identify such forward-looking
statements. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and
other factors, some of which are beyond our control and are
difficult to predict. Therefore, actual outcomes and results may
differ materially from what is expressed or forecasted in such
forward-looking statements. You should not place undue reliance on
these forward-looking statements. 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 any
information that is created or distributed by any outside party
and endorses only information that is communicated by its official
Press Releases.
Further Information
Visit our web site at http://www.nessenergy.com/
or
CONTACT: Ness Energy International, Inc.,
1-817-341-1477