TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: john who wrote (51358)	6/15/2000 2:54:00 PM
From: Jim Bishop	Read Replies (2) of 150070

DIGG our fav pinko in China keeps hammering out new things. (COMTEX) B: Digital Gas and Jianghan Petroleum Agree to Form Explorat B: Digital Gas and Jianghan Petroleum Agree to Form Exploration & Development Partnership NEW YORK, Jun 15, 2000 /PRNewswire via COMTEX/ -- Digital Gas, Inc. (DIGG -- Pink Sheets) today announced that the Jianghan Petroleum Administration Bureau ("JPAU") has agreed to enter into an oil & gas exploration and development partnership for the Jianghan Oilfield in the People's Republic of China. Jianghan Petroleum and Digital Gas have agreed that there is a need for advanced reservoir technologies as supplied by Digital Gas to be implemented in the Jianghan oilfields. "We feel quite strongly about our future relationship with the Jianghan Petroleum Bureau," said John Kirk, the President and a Director of Quingdao Digital Gas. "The Jianghan Oilfield is an ideal place to introduce our proprietary technologies in oilfield chemistry, underbalanced drilling, reservoir optimization and integrated exploration," Mr. Kirk added. Digital Gas now has three petroleum administrations that it has agreed to partner with in the PRC. These discussions are being led by Qingdao Digital Gas, the company's operating arm in the PRC. Detailed technical questionnaires developed by the Digital Gas technical team have been forwarded to the three administrations and several other companies it is presently negotiating with. These questionnaires are being answered by the respective companies and upon receipt of this detailed information, a quantitative technical report with action steps will be written to identify the respective reservoir enhancement program for each field under consideration. The corporate strategy of Digital Gas has now entered a new phase. Digital Gas will define, delineate and seek to commercialize specific opportunities it has been offered for consideration. A Digital Gas team will return to the PRC later this month. The team will include both business and technical leaders and the purpose of the trip will be to contract for specific oil and gas projects in the PRC and internationally. The team will meet with the senior management and representatives of the three petroleum administrations and the other PRC oil & gas companies that it is continuing to negotiate with to add to its prospective PRC business. SOURCE Digital Gas, Inc. CONTACT: Leo Murray, 212-856-4496, for Digital Gas, Inc. (DIGG) prnewswire.com (C) 2000 PR Newswire. All rights reserved. -0-

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