(PR NEWSWIRE) ADAIR INTERNATIONAL OIL AND GAS, INC. (AIGI.OB) Files for Listi
ADAIR INTERNATIONAL OIL AND GAS, INC. (AIGI.OB) Files for Listing on The
American Stock Exchange
HOUSTON, Oct. 10 /PRNewswire/ -- In anticipation of the second and third
quarter projected results, ADAIR filed for listing on the American Stock
Exchange.
ADAIR INTERNATIONAL OIL AND GAS, INC. (OTC Bulletin Board: AIGI) is
currently working with the American Stock Exchange to complete the listing
requirements.
ADAIR INTERNATIONAL OIL AND GAS, INC. is an independent oil and gas
exploration and production company who is also active in natural gas fired
power generation projects.
ADAIR has a site development agreement for a 640 Megawatt power plant with
CALPINE in Southern California. ADAIR is also developing five other sites in
the domestic Market.
ADAIR is also the operator with OCCIDENTAL Petroleum on the exploration
Block 20 in the Republic of Yemen. Block 20 is projected to contain 340
million barrels of recoverable reserves on the 500,000-acre block. It offsets
Yemen Hunt's production of approximately 160,000 barrels per day in the Marib
Field. 3-D seismic bids are being taken at this time with drilling planned in
2001. ADAIR also has other interests in the Middle East as well as South
America.
ADAIR is aggressively pursuing the acquisition of cash producing oil and
gas properties in the Continental United States and uses state of the art
evaluation thru its geophysical subsidiary Adair Exploration, Inc.
This news release contains forward looking statements within the meaning
of Securities Litigation Reform Act that involves risk and uncertainties,
including exploration, development, operational, marketing, and implementation
risks, other facts described from time to time in the company's public
available SEC reports which could cause results to differ materiality.
SOURCE ADAIR INTERNATIONAL OIL AND GAS, INC.
-0- 10/10/2000
/CONTACT: John W. Adair of ADAIR INTERNATIONAL OIL AND GAS, INC.,
713-621-8241/
/Web site: aigionline.com /
(AIGI)
CO: ADAIR INTERNATIONAL OIL AND GAS, INC.
ST: Texas, Louisiana, California, Republic of Yemen
IN: OIL
SU:
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