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Microcap & Penny Stocks : Emerging Company Report TV Program

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To: dbmedia who wrote (393)	8/22/2001 10:33:50 AM
From: dbmedia	Read Replies (1) of 526

Ambra Resources Group Inc. And Venture Energy Inc. Announce The Hooking Up Of The First Well Of The Wharton County, Texas Ten Well Drilling Program. VANCOUVER, BRITISH COLUMBIA, AUG 15, 2001 (CCN Newswire via COMTEX) -- Ambra Resources Group Inc. (OTCBB:ABRG) and Venture Energy Inc. announce the Hook up of the first Well of the Wharton County, Texas Ten Well Drilling Program. The Hutchins Peareson No. 6 Well was hooked up to the sales line at 3:00 pm on Friday Aug. 10, 2001 and has been consistently monitored and the results are as follows: DATE MCFD(a) BOPD(b) -------------------------------- Aug 10/01 830 -- Aug 11/01 563 -- Aug 12/01 750 3.34 Aug 13/01 750 16.6 Aug 14/01 570 5.01 (a) Thousand Cubic Feet Gas Per Day (b) Barrels of Oil Per Day This Well will be monitored daily until an even flow occurs and financial data will be calculated at that time. The Kroneck No. 2 Well turned out to be no more than remnant sand and it was abandoned. The drilling of the Mitsch-Harfst Well will begin by the end of August. The drilling of the Hutchins-Peareson No. 8 Well will begin upon completion of the Mitsch-Harfsrt Well. The Company will release news as these Wells are completed.

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