Nevtah/Tower Oil Intl.- NTAH Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Eric Beckman who wrote (3636)	7/7/1999 4:02:00 PM
From: John Rowe	Read Replies (1) of 3817

Maybe this will raise some interest: Wednesday July 7, 3:26 pm Eastern Time Company Press Release Nevtah Announces Pamco Installations and Cybersensor Alliance With Major Oil & Gas Company PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--July 7, 1999--Nevtah Capital Management Corp. (''Nevtah'') (NASD OTC:NTAHD) 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 Contact: Nevtah Capital Management Corp., Palm Beach Gardens Daniel P. Kesonen, 561/626-9901 or Ron Fisher, 888/685-5851

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next