Ness Energy; Two Texas Wells Online Producing
WILLOW PARK, TEXAS, U.S.A./ Netanya, ISRAEL: September 29,
2003/PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC
Bulletin Board: NESS) announced this past week has resulted in new
advancements for its current well rework projects, which could
lead to sizable production of existing reserves in the days ahead
as Management intensifies domestic efforts by bringing two wells
on line.
Texas Advancements
In a continuing effort to increase cash flow and build
shareholder value, Ness Energy has now put on line two wells in
Texas with gas being sold. Management continues to operate
both wells to extract any available reserves. The efforts of this
past week mark an advancement in domestic exploration and
production pursuits, and set the stage for what may be weekly
progress in Management's drive to generate cash flow to further
the Ness vision of drilling for oil and gas in Israel and in
Texas.
Both wells, not in operation for about two years, are now on
line and producing. This effort, so far this month, involved
dozens of people and heavy equipment, with daily "in the field"
direction by Sha Stephens, Ness President.
Ellis "B" #3
The Ellis "B" #3 well, in Parker County, was shut in
about two years ago due to pipeline problems, but is now on line
with Ness tending to daily operations of the well. According
to President Stephens, "We are happy to announce over a mile of
new pipeline has been laid by Ness and the well is producing." It
will take time to determine the amount of recoverable gas, but the
well is in operation and Management is hopeful positive results
will be realized.
Leonard # 1
The Leonard # 1, also in Parker County, is on line. Ness
completed updating the well surface equipment, setting new tanks
and has begun to extract and sell gas. As in the case of Ellis B #
3, Ness is hopeful time will show sizable reserves available
from the well.
New Outlook in Operation;Two Wells, One
Vision
"These wells are now on line as part of the new plan or "New
Outlook" to increase our revenues and build shareholder value
while generating cash flow to help us both in our Israeli and
domestic pursuits. The wells, combined, came on line at just over
250 mcfgpd, and of the two, the Ellis has rework potential to be
deepened to the Barnett Shale at some point soon. The Leonard # 1
well effort will help us figure out what is there and help to
develop our plans for further well efforts in the area."
Ness views both wells, and other domestic well efforts to be
announced in the days ahead, as the building blocks for a major
push in the Ness Israeli efforts, supported by thousands of
believers and shareholders. Ness believes, based upon the ground
work over many years by Hayseed Stephens, Ness past President, now
continued by his son Sha Stephens, Ness will locate a supernatural
abundance of oil and gas in Israel, a place where "Science and The
Bible Shake Hands."
Other News
Additional Israeli developments, and rework drilling news will
be released as it develops.
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 is a
place where science and religion walk hand in hand 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, God willing.
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
CONTACT: Mary Gene Stephens, Executive Secretary of Ness Energy
International, Inc., 1-817-341-1477