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Gold/Mining/Energy : Ness Energy International -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (292)	9/27/2001 7:29:59 PM
From: John Sladek	Respond to of 364

Wednesday September 26, 9:03 am Eastern Time Press Release SOURCE: Ness Energy International, Inc. Ness Energy International Receives Promising Geological Results WILLOW PARK, Texas, Sept. 26 /PRNewswire/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - news) announced today that it received a promising geological update relating to its Masada Lease in Israel. The geological report from its geophysicist, Dr. Halpern, stated that the block fault has the potential to be very prolific and that if the initial well is successful that there is the potential for 30 additional locations and also for the recovery of approximately 500 to 600 million barrels of oil. The Masada, which is a lease totaling 155 square miles, contains a well that did produce 13,000 barrels of 37 degree, light, sweet crude oil, during its test. Ness will now drill locations whose wells are to offset this test. The wells are anticipated to be 17,000-18,000 feet deep. ``We have never been this close to realizing the promise from our interests in Israel,'' said Hayseed Stephens, Ness Energy's President and CEO. ``We are now in the process of mobilizing our rig so that we can commence drilling on the Masada lease, potentially generating prayerfully significant revenues for Israel, the Christian community and our investors.'' Mr. Stephens is currently featured in an interview with CEOcast, Inc. where he discusses the Company's strategy to develop its leases in Israel. The interview is available at www.ceocast.com . This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The company has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete. However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release. While the company makes these statements and projections in good faith, neither the company nor its management can guarantee that the anticipated future results will be achieved. Reference should be made to the company's (and its affiliates') Securities and Exchange Commission filings for additional important factors that may affect actual results. SOURCE: Ness Energy International, Inc. biz.yahoo.com