Israel Oil/Gas Well Workover To Begin
WILLOW PARK, TEXAS, U.S.A./ ISRAEL: February 18, 2004
/MacReport-FirstCall/ -- Ness Energy International, Inc. (OTC
Bulletin Board: NESS) announced that the initial test of the Gurim
#4 well in Israel is on schedule and will begin the week of
February 23, 2004.
WORKOVER RIG READY
The past three weeks have been very busy for the Israeli
employees of Ness Energy of Israel, Inc., the wholly owned
subsidiary of Ness Energy International, Inc., as they have
been refurbishing, repairing and bringing up to standard Ness'
workover rig and all of its components. This is the rig that was
purchased from Abjak Mazal, an Israeli oil and gas company that is
no longer in business, back in July. As stated in previous
releases, this equipment consists of a portable drilling /
workover rig and all necessary components which allows the rig to
be capable of drilling wells to 3500'. All of the work
performed has been in preparation to ready the rig and train new
personnel in anticipation of testing the Gurim #4.
GURIM#4
The Gurim #4 is one of 4 wells that was included as part of the
recent purchase of LaHava Oil and Gas Ltd. This well has produced
heavy oil (15% gravity) in the past and we feel it is capable of
producing today.
Sha Stephens, President of Ness Energy International commented,
"We are very excited that Ness is finally in a position to test
this well. It is a well that is owned by Ness, we will be working
with Ness equipment, which will be operated by Ness' own
employees. If all goes as expected, the reworking of the "Ness
Energy of Israel, Inc. Gurim #4" will be reworked and reconfigured
in such a manner that the well will be able to produce oil by the
time we have completed our test. Once this test is completed
and the well shows that it is capable of producing oil, then, new
production equipment will be put into place and production will
begin making Ness a petroleum producer in the country of
Israel. For Ness Energy this event represents a mile-stone
of the past, but only a marker for the future," says President
Stephens.
WELL ACQUISITIONS AND WALL STREET
Ness continues to push forward with several merger and
acquisition candidates. The first of these transactions will close
upon the return of the original contract by the seller. Ness plans
to release the details of this acquisition as soon as these
documents are signed. Our efforts on Wall Street and the
investment banking community are beginning to bear the fruit of
our labor. The capital realized by these transactions is giving
Ness the wherewithal to go forward and close various deals as well
as move forward with planned workovers which have been
pending.
"The confidence of the financial community in our endeavors is
evident by the various investors that we have been in
contact with, and those firms that have already begun to fund Ness
projects. This has been a confirmation to the fact that our
business plan makes sense and that they have confidence that Ness
will deliver."
OTHER NEWS:
Sha Stephens, President of Ness Energy International has
written and is in the process of sending out his President's
Letter. Many of the Ness Energy shareholders will be
receiving this letter by mail. Those of you whose shares are
held by a clearinghouse can request a copy from your broker or
contact us at Ness Energy International, Inc. The President's
Letter is also posted on our web page. In your browser window type
in the address: http://www.nessenergy.com/,
then, click on the link that says "President's Letter."
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
CONTACT: Ness Energy International, Inc., 1-817-341-1477
Or
log onto: http://www.nessenergy.com/