ABRG (formerly AMBY) any news? Message Board

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Gold/Mining/Energy : ABRG (formerly AMBY) any news?

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To: Selfop who wrote (1130)	8/3/1999 4:30:00 PM
From: CoffeePot	Read Replies (2) of 1358

Revenues from these production levels based on current commodity prices of $2 per thousand cubic feet of gas and $20 per barrel of oil would provide Ambra with a daily cash flow of $28,000. That's an ADDITIONAL $10,220,000 in revenues per year, ABRG's current market cap is approx $2.1mm!! As the current inventory of production wells begins to come online and to increase cash flow, Ambra and Venture anticipate acquiring other producing projects. These acquisitions represent Ambra's goal of increasing shareholder value by taking advantage of the timely opportunity of purchasing surplus production properties and of remediating under performing projects to obtain new profitable oil and gas production. Ambra and Venture are acquiring interests in the S.Barataria Field of Jefferson Parish, La. This project is expected to produce 1,000 mcf of gas per day plus 50 barrels of oil per day after remediation work. Expected total recoverable reserves are 50,000 barrels of oil and over one Billion cubic feet of gas. This acquisition is due to close in fifteen days.

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