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

To: LORD ERNIE who wrote (1317)	7/26/2000 9:12:15 AM
From: SCOOBEY-DO	Read Replies (2) \| Respond to of 1358

Hi Ernie, The replacement PR doesn't appear to be much different than the original PR. Do you see any important differences? This should be the latest one: 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 10 miles of completed pipeline and the hooking up of one producing well, which is being pressure tested this week and is estimated to produce 1 million cfgd. Hickey added that the operator has advised him that the construction of Phase 3, which represents another 5 miles of pipeline, is ahead of schedule and should be completed by Aug. 2000. Ambra's 5 percent share of the AMEX Joint Venture and an added additional percentage of the pipeline gathering system will create a 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