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Microcap & Penny Stocks : Adair Intl. Oil and Gas (AIGI) -- Ignore unavailable to you. Want to Upgrade?

To: Bill Kinkade who wrote (613)	11/4/1999 12:22:00 AM
From: Lazarus	Respond to of 769

Well....did they ever aquire this company... ....that they signed the letter of intent with back in August of 1998? Apparently all they needed was 10 million dollars??? dljdirect.com, Inc. with the Pending Acquisition of Mid-Continent Company HOUSTON, Aug. 6 /PRNewswire/ -- Adair International Oil and Gas, Inc. (OTC Bulletin Board: AIGI) has signed a letter of Intent to acquire a mid-continent Oil and Gas Company. The name of the company is to remain confidential until a formal purchase and sale agreement is signed which is expected to be complete within 30 days. The engineering reports show approximately 1 million barrels of proved reserves and 17 billion cubic feet of natural gas reserves. The future net revenue from the reserves is projected to be $37 million as per the report and valuation. The companies production consists of approximately 72% natural gas and28% oil. John W. Adair, Chairman of Adair International Oil and Gas, Inc. states the acquisition for this company is consistent with ADAIR to remain focused on natural gas. This is an excellent company that has its own operation division and operates the majority of its wells and will give ADAIR additional expertise for operations. The purchase price will be approximately $10 million. Lazarus ---- sure would like to know???

To: Bill Kinkade who wrote (613)	11/4/1999 2:02:00 PM
From: Lazarus	Respond to of 769

Bill...any further updates on the plant that sounds like a burrito??? ADAIR could sure use the $4 million dollars annual revenues. PR NewsWire Chimichagua Power Plant Update --------------------------------------------------------------------- HOUSTON, Aug. 24 /PRNewswire/ -- Adair International Oil and Gas, Inc. (OTC Bulletin Board: AIGI) has completed its preliminary engineering and feasibility for its electrical power generating facility in Colombia. The project is targeted for the economic development of the Cesar region in Colombia and is scheduled to utilize the natural gas from ADAIR'S Chimichagua Exploration Concession. The size of the plant is under evaluation at this time and could eventually approach the 150 MW size depending upon the availability and testing of the daily volumes of natural gas from the Chimichagua Concession. The initial size of the plant will be considerably smaller until the natural gas reserves are proven and additional wells drilled that are planned. The plant is expected to generate at least $4 million USD in revenues annually during the first phase of operation. Adair plans to construct 10 miles of 110 KV transmission lines to connect to a local substation. This news release contains forward-looking statements within the meaning of the securities Litigation Reform Act that involves risks and uncertainties, including exploration, development, operations, marketing, and implementation risks, and other factors described from time to time in the company's publicly available 10K report, which could cause results to alter materially. SOURCE Adair International Oil and Gas, Inc. -0- 08/24/98 /CONTACT: John Adair, CEO of Adair International Oil and Gas, Inc., 713-621-8241/ /Web site: aigionline.com (AIGI) CO: Adair International Oil and Gas, Inc. ST: Texas, Colombia IN: OIL SU:

To: Bill Kinkade who wrote (613)	11/4/1999 2:22:00 PM
From: Lazarus	Read Replies (1) \| Respond to of 769

Bill...about the Stock Buyback Program.... I am confused....my glossy from the company says the officers were being compensated in shares 'during the period from Jan, 1998 through May,1998." These shares ranged in price from .38 to .19 as partial compensation to 4 of the officers of the company. Then a little later in the year they announce a stock buyback program [BELOW]. Where did they get the money to buy back stock. IF I was invested here I would call the company and see how many shares they actually bought back. Hey ...looky here...the burrito plant will produce an estimated $27 million USD in future revenue ...did I say 4 million??? Be patient with me Bill...I need someone to hold my hand as i wade through all of this. Lazarus ---- doin' the devil's work. PR NewsWire Adair International Oil And Gas, Inc. Announces Stock Buy Back Program --------------------------------------------------------------------- HOUSTON, Oct. 21 /PRNewswire/ -- Adair International Oil And Gas, Inc. (OTC Bulletin Board: AIGI) (AIGI) announces today that due to the current price of its stock, the company will begin an aggressive buy back program. Jalal Alghani, Chief Financial Officer states the pending acquisitions plus the continuing dialogue with major power companies to develop the gas reserves and power plant on the CHIMICHAGUA concession in Colombia that will produce an estimated $27 million USD in future revenue makes the company stock a greatly depressed value and has trigged the stock buy back program. The company continues to pursue cash producing oil and gas properties and has a number of financial partners ready to fund such acquisitions. ADAIR has no bank debt. This news release contains forward looking statements within the meaning of Securities Litigation Reform Act that involves risks and uncertainties, including exploration, development, operational, marketing, and implementation risks, and other facts described from time to time in the company's public available SEC reports which could cause results to differ materially. SOURCE Adair International Oil and Gas, Inc. -0- 10/21/98 /CONTACT: John Adair of Adair International Oil and Gas, Inc., 713-621-8241/ /Web site: aigionline.com (AIGI)