Adair Intl. Oil and Gas (AIGI) Message Board

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Microcap & Penny Stocks : Adair Intl. Oil and Gas (AIGI)

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Jun 3 1:05 PM EDT

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To: Bill Kinkade who wrote (759)	4/4/2001 11:14:31 AM
From: Bill Kinkade	Read Replies (1) of 769

ADAIR INTERNATIONAL OIL & GAS, INC. Outlines 2001 Project Focus HOUSTON, April 4 /PRNewswire/ -- John W. Adair, Chairman announced today that the Yemen Operations for the exploration of Block 20 are on schedule and the 3-D seismic work is underway at this time. ADAIR projects to drill its first well in the highly sought after potentially prolific Block 20 in the fourth quarter of 2001. Block 20 offsets HUNT's production of approximately 160,000 barrels per day in the Marib Field. ADAIR has projected 340 million barrels of recoverable reserves in Block 20. The 600 MW power plant under development in Southern California is projected to be permitted in the near future and efforts to this end are progressing as planned. ADAIR POWER, LLC. a wholly owned subsidiary of ADAIR INTERNATIONAL OIL & GAS, INC. (OTC Bulletin Board: AIGI.OB - news) is analyzing seventeen (17) other power plant sites at this time for development. SUPERIOR GEOPHYSICAL, a wholly owned subsidiary of ADAIR INTERNATIONAL OIL & GAS, INC. is in the process of managing and conducting a major 3-D seismic shoot on the Texas Gulf Coast, which will place ADAIR in an ideal position for domestic exploration. The ARKEL/ADAIR joint venture to build, construct and own the sugar refinery with a co-generation power plant in the Aden, Yemen Free Port Zone is on schedule and a major partnership is under negotiation at this time. ADAIR's projected future net cash flow from only these projects is approximately $450 million USD over twelve (12) years. ADAIR has a number of other projects under evaluation at this time with risk management being paramount in its evaluation. SOURCE: ADAIR INTERNATIONAL OIL & GAS, INC. Email this story - Most-emailed articles - Most-viewed articles -------------------------------------------------------------------------------- More Quotes and News: Adair International Oil and Gas Inc (OTC BB:AIGI.OB - news) Related News Categories: oil/energy

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