Compare MTEI to ABRG...which one is worth more?
Which one is trading at a discount?
Message 4899652
Big ABRG News!! (as promised)
Link: biz.yahoo.com
Wednesday June 17, 11:02 am Eastern Time
Company Press Release
Undervalued Company has Phenomenal Upside Potential
VANCOUVER, British Columbia--(BUSINESS WIRE)--June 17, 1998--
Ambra Resources Group Inc.
Symbol: ABRG
Recent Share Price: $ .06 (six cents)
Trades on NASDAQ Bulletin Board
Fully Diluted: 26 million shares
Summary: NEWS TODAY. June 17, 1998. Ambra Resources Group Announces
Amex Joint Venture Valuations $28 Million+ ongoing exploration and drilling of defined
oil & gas targets.
Opinion: Ambra Resources has more value and potential than shell companies that are
trading at $ .25 to $.30 Canadian. Experienced management has built Ambra into a
serious exploration company with solid projects in oil, gas and precious metals.
Amex JV: Amex Joint Venture with ten companies. Ambra's share valued over $28
Million
1) Oil/Gas Project of 20,740 acres in the Cessford area of
Alberta, Canada.
2) Oil/Gas Project of 25,795 acres in Montana, USA.
Project Information: Ambra Resources has formed the Amex Joint Venture with
Starrock Resources to explore and develop potential and proven oil and natural gas
reserves on large land holdings in Alberta and Montana. The Alberta property's present
worth is $572,525,000 as valued by Citidal Engineering of Calgary. Ambra's 5%
interest would be $28,626,000. Well work-overs and new drilling is ongoing. Increased
production or a new discovery will dramatically impact Ambra's revenues. The
Company believes the Amex JV will be highly successful since they are drilling known
reserves.
Other Ambra Projects:
Paula Gold Vein system exploration, Vancouver Island, B.C. Vancouver Island
Platinum and Palladium exploration program. Beaufort Sea Oil Project JV with major
exploration and production
companies.
For additional information contact: John Hickey at 1-800-698-3377.
Ambra Resources Group invites you to learn more about its projects at the new WEB
Site address: www.ambraresources.com
------------------------------------------------------------------------
Contact:
John Hickey, 800-698-3377
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More Quotes and News:Ambra Resources Group Inc (OTC BB:ABRG -
news)Related News Categories: oil/energy
Tell me why ABRG is only worth .09 and MTEI is worth 5 times that.
Because we have $28 mil in oil/gas properties alone here
(not to mention the gold/palladium and other non-oil/gas properties)
and only 26 million shares. And ABRG has only a market cap of
$2.3 million while MTEI has a market cap of $35 million. Yet ABRG should have about 1/4 of the assets MTEI has (meaning 1/4 of MTEI market cap should at least be its value or $8.75 mil..)
Hope you guys in the gas/coal stocks are comparing your stock to other gas/coal mining companies to find values out there!
-DavidCG |
