Wednesday September 19, 12:04 pm Eastern Time
Press Release
SOURCE: Ness Energy International, Inc.
Ness Accelerates Drilling Plans
WILLOW PARK, Texas, Sept. 19 /PRNewswire/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - news) announced today that in light of recent developments it will accelerate plans to develop its Masada lease in Israel, which includes Masada and En Gedi. As a result of the recent attack on the United States and its potential to destabilize the Middle Eastern region and oil supplies, the Company will concentrate on exploration and production activities in an area with shallower wells. Ness will now pursue a location whose wells are anticipated to be 17,000-18,000 feet deep. This could allow the Company to generate substantial revenues in a shorter time period, as it will be much less expensive and time-consuming to drill wells at shallower depths. The Masada, which is a lease totaling 155 square miles, contains a well that already produces 13,000 barrels of 37 degree, light, sweet crude oil.
``We believe that it is more important than ever before that we generate revenues to benefit Israel and the Christian community in this time of international instability because of the recent tragedy,'' said Hayseed Stephens, Ness Energy's President and CEO. ``As a result, we are targeting an area that is likely to produce results in the shortest time possible. The location is already offset by an extremely prolific well. In the coming weeks, we will be mobilizing all of our efforts to acquire and finance a drilling rig so that we may commence drilling as soon as practicable on this highly attractive prospect. This great oil field must be found now for the free world.''
The Company plans to still drill the deepest well in the Middle East. It anticipates that at the time the second and third wells are drilled on the Masada, another rig will probably drill the Elohim Perazim #1, which is the deepest well to be drilled in the Middle East. However, it is accelerating its exploration efforts in the Masada to generate short-term results.
This press release includes forward-looking statements involving risks and uncertainties. Forward-looking statements are made pursuant to the safe harbor provision 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.
For additional information or questions, call Rick Palmer at 817-341-1477.
SOURCE: Ness Energy International, Inc.
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