Ness Energy to Begin Work On
The Gurim #4 Well in Israel
WILLOW PARK, TEXAS,
U.S.A./NETANYA, ISRAEL,
April 28, 2006/PRNewswire-FirstCall/ -- Ness Energy International
announced today that it will begin workover operations on the
Gurim #4 well near the city of Arad which is located
approximately 4 km. west of the southwest end of the Dead Sea.
Ness Energy’s President and C.E.O. Sha Stephens departed on
Tuesday the 25th of April to be there to oversee the
work to be performed.
“We are very pleased to be in
the position to begin work on the Gurim #4 well in just a matter
of days. Final touches are being performed on our workover rig
to bring it back into proper working condition. After replacing
a circulating pump and various other components, the rig is now
in its best operating condition and should move onto location
the first week of May. We feel very confident of success with
the planned rework of this well. In the early 1980’s this well
was making 100 barrels of oil and 100 barrels of water a day,
which at the time, with falling oil prices, was not economical
to produce, subsequently the well was shut in and has not
produced since. A little over a year ago, we conducted some
tests on this well and from those conclusions we feel this work
is in order. Our plan is to attempt to squeeze off, by
cementing, the part of the zone that produces water and to be
able to produce the oil relatively water free. Given the
economical climate today and the price of oil, the impact that a
producer in Israel would have would not only be realized in
dollars and cents, but would also impact our company by
increasing shareholder value not to mention bringing us one step
closer to seeing ‘The Vision’, that we believe God gave to my
father Hayseed Stephens, come to pass.”
The Gurim Structure, in Israel,
just south of the prolific Zohar Field, has been engineered and
is estimated to hold over 4 million barrels of heavy oil. Should
the rework of this wellbore be deemed successful, then the scope
of the work will enlarge to the reworking of 2 more existing
wells and the possible drilling of new wells in the area, the
time table of this work is dependent upon the Company’s ability
to secure resources necessary to do the work.
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. ‘The
Vision’: 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 supernatural source of oil and gas in
Israel for The Nation of Israel and the Christian communities”.
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