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
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Contact:
John Hickey, 800-698-3377
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