Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Kinkade who wrote (617)	11/4/1999 9:51:00 PM
From: Lazarus	Read Replies (1) \| Respond to of 769

Like this one????? Geesh...how about a diehard long looking into this one. Bet you'll find zippo! AM I wrong??? If so correct me. Anybody read the latest 10k --- the company has a whopping 26k in cash. That's enuf to ..... maybe pay the officers another months salary. Where do you suppose the get their $$ here: CASH USED BY OPERATIONS DURING THE QUARTER ENDED AUGUST 31, 1999 WAS $169,754. THE COMPANY SOLD ADDITIONAL COMMON SHARES TO RAISE WORKING CAPITAL. Just think of all the $$ the company would have if only they did THE STUFF MENTIONED IN THE FORMER PRESS RELEASES...LMAO....DREAM ON...but hey wait...this one will add $430,000.00 per month to the bottom line. LOOK AT THE 10K PEOPLE -- THEY HAVENT GENERATED A PENNY IN REVENUES THE LAST QUARTER...ALL THEY DID WAS SPEND AND PAY FOR IT BY SELLING STOCK. Lazarus ...who smells a stinky stock. PR NewsWire Adair International Oil and Gas, Inc. Announces Winning Bid of the Conroe Field Unit from Shell Western E&P --------------------------------------------------------------------- Field Unit from Shell Western E&P. HOUSTON, Oct. 28 /PRNewswire/ -- ADAIR International Oil and Gas, Inc. (OTC Bulletin Board: AIGI) announces today that they have been informed by The Oil and Gas Asset Clearinghouse that they have reached agreement with Shell Western E&P on acquiring their interest in the CONROE FIELD UNIT. John W. Adair, Chairman and Jalal Alghani, Chief Financial Officer, states that the acquisition supports the short-term goals of management for purchasing cash producing properties. The engineering reports shows a Net Present Value; discounted at 10% of $12.2 million, with a net monthly cash flow of approximately $430,000. Based on a 1995 engineering study, the projected remaining gas recovery is approximately 192 BCF with the estimated remaining oil recovery of 3.8 million barrels of oil. The Conroe Field, which is one of the largest Oil and Gas fields in Texas, is located about 53 miles North East of Houston. The field has been utilized for pressure maintenance through gas re-injection to maximize oil recovery. The operator has been aggressive in developing the field and in particular the last 2-3 years by optimizing production with workovers, pump and gas lifts designed and targeting injection patterns. As of January 1998 there were about 239 active wells with Oil and Gas Production. Due to lower Oil and Gas prices, many opportunities continue to surface for the company domestically. The company will continue to pursue cash producing Oil and Gas properties, in the Mid Continent Area and has a number of financial partners ready to fund such acquisitions. 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.<i/> SOURCE Adair International Oil and Gas, Inc. -0- 10/28/98 /CONTACT: Jalal Alghani of Adair International Oil and Gas, Inc., 713-621-8241/ /Web site: aigionline.com (AIGI)