Adair Intl. Oil and Gas (AIGI) Message Board

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Microcap & Penny Stocks : Adair Intl. Oil and Gas (AIGI)

AIGI 0.0001000

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Jun 3 1:05 PM EST

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To: Bill Kinkade who wrote (717)	5/10/2000 7:23:00 PM
From: Bill Kinkade	of 769

The CEO of Adair International Oil & Gas (AIGI) put out this letter to the shareholders today. It can be found on the the AIGI website under CHAIRMAN NEWS. CHAIRMAN NEWS From: John W. Adair To: ADAIR SHAREHOLDERS Date: May 9, 2000 Subject: Company Update. Dear Shareholders, Pursuant to the subject of this letter, I respectfully submit to you the following: 1. 1. Due to the ups and downs of the stock market and coupled with individuals who specialize in shorting stocks for their own gain thru publications and the internet explains the reason for the volatility of our stock. 2. I, as your Chairman confirm to the shareholders that our major projects are on course as planned and the foundation that has been laid for this company is as solid as this experienced management team initially planned 3. The Yemen exploration project with OCCIDENTAL is moving forward with office space already leased in Sann'a and a preliminary party is in Yemen at this time planning logistics. ADAIR has evaluated the geology of Block 20 and the surrounding blocks and it is our opinion that we are sitting on the prime location within the country and stand by our estimated recoverable reserves of 345 million barrels. ADAIR is anxious to get started as soon as the Production Sharing Agreement (PSA) is ratified and the $8.3 million USD Letter of Credit is ready at this time to be posted for our work program. 4. The 600 megawatt natural gas fired power plant in Southern California continues to develop as planned with many more hours being spent on this project at this time. This is a very substantial project for ADAIR with another major partner. 5. ADAIR has no bank debt and has laid plans to shortly be in the acquisition mode whereby we will acquire cash producing oil & gas properties with an emphasis on mid-continent gas properties that have Proven Underdeveloped (PUD) reserves with up side drilling potential. 6. Your interest and investment in ADAIR is appreciated and I can see no reason that we cannot reach our before mentioned goals. 7. As you all know the staff and I are very dedicated to building a substantial energy company in the fastest most risk free method we know. I personally bought $100,000 USD of ADAIR INTERNATIONAL OIL & GAS, INC. stock recently and could not be more pleased with the staff as they lay the building blocks of this company and we appreciate your continued support. Respectfully, John W. Adair aigionline.com --------------------------------------------------------------------------------

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