Ness Energy International,
Inc. announces Flow Test Results of the Be’eri #3 Well in Israel
WILLOW PARK, TEXAS,
U.S.A./NETANYA, ISRAEL,
September 20, 2005 /PRNewswire-FirstCall/ — Ness Energy of
Israel, a wholly-owned subsidiary of Ness Energy International,
Inc. (OTC BB: NESS), today, announced that Modi’in Energy
Limited Partnership (“Modi’in Energy”) released information in
Israel on September 18, 2005 regarding positive results
following the conclusion of a 72-hour flow test of the Be’eri #3
well, in the northwest end of the Negev desert near Ashkelon, in
Israel.
During the test the Be’eri # 3 well reportedly produced at a
rate of 100 mcfgd (100,000 cubic feet of gas per day), with no
significant production of water. The test measured gas produced
from the underlying Canoman formation. The Be’eri # 3 well has
been estimated in the past as containing reserves of
approximately 250 million cubic feet of natural gas.
The Be’eri # 3 well is currently under license by Modi’in
Energy. The well was originally drilled in the 1980’s by the
Israeli Government to a depth of approximately 300 meters.
Natural gas was present at the time, but was never produced.
Modi’in Energy purchased the well in February 2005. With
increasing demand for natural gas, as well as ever-increasing
prices, it is now feasible to produce from the well. Modi’in
Energy is currently exploring the possibility of marketing the
gas produced from this well to local entities, whose current
demand has been estimated at approximately 50 mcfgd.
Ness Energy President and CEO, Sha Stephens, commented: “Ness
has been involved, both directly and indirectly, in the emerging
energy industry in Israel for years. Our entire company was
founded on the principle of assisting the people of Israel in
the discovery and establishment of a self-sustaining source of
oil and gas. Through our partner, Modi’in Energy, the results of
this test and the marketing efforts currently underway bring us
another step closer to achieving our goal. We are excited about
this latest development and look forward to continued progress.”
Ness Energy is indirectly holding, through other corporations,
90% of the General Partner of Modi’in Energy. Ness Energy also,
on a consolidated basis, presently owns 14.93% of Modi’in
Energy.
About Ness-The Vision
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.
Forward-Looking Statements
This news release includes forward-looking statements. Actual
results could differ materially from those contemplated by such
forward-looking statements as a result of any number of factors
and uncertainties, many of which are beyond the control of the
company. Important factors that could cause actual results to
differ materially from those in such forward-looking statements
are enumerated in the company's registration statement filed
with the Securities and Exchange Commission. Undue reliance
should not be placed upon any forward-looking statements, and
the company undertakes no obligation to update those statements.
CONTACT:
Ness
Energy International, Inc.
Tina
Sbriglia – Investor Relations
(817)
341-1477 or info@nessenergy.com
Visit us
on the web at
www.nessenergy.com