Ness Energy - Anticipated Agreement Signed
WILLOW PARK, TEXAS, U.S.A./NETANYA, ISRAEL: April 13,
2004 MacReport-FirstCall/ -- Ness Energy International, Inc. (OTC
Bulletin Board: NESS) announced today that it has formally signed
the previously announced agreement with a Fort Worth based
independent energy company ("The Company").
This agreement gives The Company the lead in exploring and
developing an area located in Parker County, Texas of leases
previously owned by Ness Energy International, Inc. In the
transaction, The Company purchased a majority working interest
position in the acreage, with Ness Energy International, Inc.
having the right to participate with them on all gas wells that
are drilled and operated by The Company on the acreage. In
the agreement, Ness Energy International reserved the right to
drill to a depth no deeper than the Big Saline, or Bend
Conglomerate which depth is approximately 4800', with The Company
having the right to participate with Ness on any wells that Ness
drills on the acreage. In addition, an undisclosed amount was paid
by The Company for the purchase of its working interest position,
including the right to target the acreage specifically for the
Barnett Shale, with full rights included to produce any pay zone
penetrated in the drilled well.
Sha Stephens, President of Ness Energy International, Inc.
commented, "This participation agreement is one that has been
anticipated by Ness shareholders for the past several months, and
as of 3:00pm today, it is a deal! We at Ness Energy are smart
enough to know that when a company of this caliber drives in with
the resources and expertise that they have, the best thing to do
is to take a back seat and let them do the driving. Ness has over
twenty years experience in this area of the Ft. Worth Basin,
working with the landowners and local oil and gas related
businesses which allows Ness to know who to turn to in the area to
get things done. The Company may depend on us to help them get
acclimated, and in the true spirit of cooperation, we have, and
will continue to do everything we can to see that this is a win -
win situation."
About Ness-The Vision
The current business of Ness Energy is development and
execution of oil and gas exploration, property acquisition and
corporate merger prospects. The Company is primarily pursuing
interests 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. In the meantime, we continue to build a
strong Company on assets, cash flow and deals that make sense.
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.
Contact Information:
Ness Energy International, Inc.
Tina Sbriglia - Investor
Relations
(817) 341-1477 or info@nessenergy.com
Visit us on the web at http://www.nessenergy.com/