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Gold/Mining/Energy : ABRG (formerly AMBY) any news? -- Ignore unavailable to you. Want to Upgrade?

To: DARPA who wrote (1315)	7/25/2000 11:26:51 AM
From: SCOOBEY-DO	Read Replies (1) \| Respond to of 1358

Ambra Resources Group Inc. Announces The Completion Of Phase 1 And 2 Of The Cessford, Alberta Pipeline Construction VANCOUVER, BRITISH COLUMBIA--Ambra Resources Group Inc. (OTCBB:ABRG) President John Hickey is pleased to announce that Phase 1 of the construction represents a total of 8 miles of completed pipeline along with the hooking up of 6 producing wells. Engineering reports estimate a total of 2.0 MM cfgd from these wells. Hickey added that Phase 2 of the construction represents 10miles of completed pipeline and the hooking up of one producing well, which is being pressure tested this week and is estimated toproduce 1 million cfgd. Hickey added that the operator has advisedhim that the construction of these 3, which represents another 5 miles of pipeline, is ahead of schedule and should be completed byAug. 2000. Ambra's 5 percent share of the AMEX Joint Venture and an added additional percentage of the pipeline gathering system will createa positive cash flow for the company over the life of the wells. In addition, revenue will be derived from other producers tapping into the pipeline system. Ambra supplied the financing in excess of $600,000 to complete this pipeline system and will receive all monthly installments of the net revenue until the full amount of the financing is recovered. FOR FURTHER INFORMATION PLEASE CONTACT: Ambra Resources Group Investor Relations (800) 698-3377