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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH
NTAH 0.00400-60.0%Jul 24 5:00 PM EST

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To: kramc who wrote (3653)7/16/1999 2:34:00 PM
From: kramc  Read Replies (1) of 3817
 
PAMCO President Ed Corlew message on stockgroup.com

kramc

1) Nevtah/relations IP Verification: 207.69.170.54
Lars has ask that I post to address many questions regarding our installations and news release. The first installation for Equitable is not a test of the pump system. They have been here with full engineering staff several times to see our progress and development of the pump system. This is an installation of a mobile totally self contained system. This is for remote locations that may be newly drilled or for well testing. It will be eventually be sold as a unit for companies to operate within there operations. This unit can operate off the methane gas from the well, provide its own electrical power from an alternator and operate the controller and satellite link by solar power. Therefore it needs no other source on energy. We will then remove the mobile unit with our permanent installation. Again there are no giveaways in the plan and NO JOINT VENTURE AGREEMENTS. This mobile unit will then be sent to Oklahoma back to Virginia and then Texas. We have several major companies with as many as 5,000 wells waiting for our mobile demo. The first priority for cybersensor is the oil and gas industry. With Equitable we will develope several applications along with the pump system that will apply to the entire industry. These applications will be taken with us as we demo the mobile unit. cybersensor will begin to pick up at a much faster pace due to the production and implimentation of the system and communications link. Pamco will replace existing pump jacks in stages and go on new wells being drilled. Equitable alone is currently drilling several hundred per year plus pulling wells at 60 -70 per year. Another company with the 5,000 wells is drilling in Oklahoma over 400 wells per year. That is only two companies and alone represent our original projects. Our plan is to demo on a national basis both systems and enter cybersenor on an industry wide approach. That is the reason to establish alliances with but not name all parties at this time. We do not want to offend other companies and have them seek other alternatives by us giving their competition first change. If you will reveiw all my previous post you will hopefully see a plan that begins with Oil and Gas with Pamco and Equitable. Then with components used therein such as metering and computer flow meters we enter the gas, water and other huge markets which have millions of applications. We will also be working to develope Europe for Nevtah and other countries with distributors and license agreements. Ed Corlew CEO

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