8-Sep-2000 Israel and Ness Energy Agree on Well Drilling Program
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Friday September 8, 5:00 pm Eastern Time
Press Release
SOURCE: Ness Energy International, Inc.
Israel and Ness Energy Agree on Well Drilling Program
WILLOW PARK, Texas, Sept. 8 /PRNewswire/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - news) announced that an agreement had been reached with the Israeli Oil Commissioner, Dr. Charles Druckman, to re-enter the Har- Sedom #1 well and deepen that well to a total depth of up to 3500 meters. The agreement requires Ness to enter into a contract with a drilling contractor by the 15th of September, present that agreement to the Oil Commissioner and begin drilling the well by December 1, 2000 in order for the company to retain the Hesed license. The drilling contract has not been signed to date.
Ness Chairman, Hayseed Stephens, Assistant Chairman Bob Fowler and Vice President of Drilling and Production Operations Dick Kincheloe recently returned from Israel. During the trip the group met with the Petroleum Commissioner and his staff, Lapidoth Israel Oil Prospectors Corp, Ltd., the proposed drilling contractor and personnel from the Israel Oil Company, a joint venture partner in the project.
This release includes forward-looking statements that involve risks and uncertainties. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially and market products and/or services and other risks detailed from time to time in the Company's report filed with the Securities and Exchange Commission.
SOURCE: Ness Energy International, Inc. |
