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To: Taki who wrote (44482)	4/25/2000 10:29:00 AM
From: Taki	Respond to of 150070

(BSNS WIRE) Ambra Resources Group Inc. Acquires an Additional 25% of Ventur Ambra Resources Group Inc. Acquires an Additional 25% of Venture Oil and Gas Inc; Schedules Exploration and Development Program for 2000 Business/Energy Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--April 25, 2000--Ambra Resources Group (OTCBB:ABRG) has purchased an additional 25% of Venture Oil and Gas Inc, thereby increasing its ownership of Venture Oil to 75%. The new investment by Ambra Resources will increase Ambra's interests in the projects which the two companies have selected for this year's exploration and development program. PETROLEUM DIVISION: Ambra's exploration and development plan for year 2000 will optimize production for the following eight projects. -0- T Project Name Interest-Ownership McNeil Ranch Field, Duval County, Texas 12.5% Erath Prospect, Vermillion Parish, La. 10% Cameron Meadows Field, Cameron Parish, La. 40% S. Barataria Field, Jefferson Parish, La. 18.75% Bastian Bay Field, Plaquemines Parish, La. 6.25% Lake Washington Field, Plaquemines Parish, La. 75% Charenton Field, St. Mary's Parish, La. 40% Red River Bull Bayou Unit, Red River Parish, La. 100% T Venture Oil and Gas estimates the potential gross daily production from these selected projects will yield in excess of 200 Net Barrels of oil per day and over 1,000 Mcf of gas per day. The combined net income from oil and gas production under this plan is projected to be approximately $2.5 million per year. By the Board of Directors, Ambra Resources Group Inc. --30--MJB/ho* CONTACT: Ambra Resources Group Inc., Vancouver Vancouver Investor Relations, 800/698-3377 or 604/669-2723 ambraresources.com KEYWORD: LOUISIANA TEXAS INTERNATIONAL CANADA INDUSTRY KEYWORD: ENERGY OIL/GAS MERGERS/ACQ Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com