Strictly: Drilling and oil-field services Message Board

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Gold/Mining/Energy : Strictly: Drilling and oil-field services

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To: pz who wrote (47469)	7/7/1999 3:33:00 PM
From: Ditchdigger	Read Replies (1) of 95453

Some news from my long shot (note the ticker is wrong-NTAHD PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--July 7, 1999--Nevtah Capital Management Corp. ("Nevtah") (NASD OTC:NTAD) announced that Petroleum Asset Management Co. ("Pamco") is currently installing several stripper oil well pumping systems sold to an oil company in Kentucky that has proposed to purchase several hundred units. Pamco's patented technology has been under development and testing for five years and is now available for marketing. Five pumps have been operating on wells for over three years and have proven to reduce well operating costs to approximately $7-$8 per barrel as well as increase production from 25-100%. Pamco is currently installing additional pumps on its own leases in Corsicana, Texas. These leases will have 27 stripper oil wells utilizing the Pamco system and will be used to demonstrate the efficiency and cost-effectiveness of the technology to other oil companies. The installations will also include the two-way monitoring and control system developed by Pamco's subsidiary Cybersensor.com Inc. ("Cybersensor"). Cybersensor markets a proprietary web based software Internet system, CyberVip, offering a direct satellite link providing communications with equipment in remote locations. Pamco and Cybersensor have formed an alliance with a large oil and gas company with over 4,500 operating wells to test Pamco's gas de-watering system and Cybersensor's monitoring and control technology. Cybersensor will also work with the company to design applications for the pump jack production system. This alliance will enable Cybersensor to generate a program that will apply to the entire oil and gas industry and will open up market opportunities to over 600,000 operating wells in the United States alone. On behalf of the Board of Directors Daniel P. Kesonen, President --30--jd/mi* CONTACT: Nevtah Capital Management Corp., Palm Beach Gardens Daniel P. Kesonen, 561/626-9901 or Ron Fisher, 888/685-5851

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