To: Turboe who wrote (1744 ) 6/17/1998 1:48:00 PM From: DavidCG Respond to of 11684
Compare MTEI to ABRG...which one is worth more? Which one is trading at a discount?Message 4899652 Big ABRG News!! (as promised) Link: biz.yahoo.com Wednesday June 17, 11:02 am Eastern Time Company Press Release Undervalued Company has Phenomenal Upside Potential VANCOUVER, British Columbia--(BUSINESS WIRE)--June 17, 1998-- Ambra Resources Group Inc. Symbol: ABRG Recent Share Price: $ .06 (six cents) Trades on NASDAQ Bulletin Board Fully Diluted: 26 million shares Summary: NEWS TODAY. June 17, 1998. Ambra Resources Group Announces Amex Joint Venture Valuations $28 Million+ ongoing exploration and drilling of defined oil & gas targets. Opinion: Ambra Resources has more value and potential than shell companies that are trading at $ .25 to $.30 Canadian. Experienced management has built Ambra into a serious exploration company with solid projects in oil, gas and precious metals. Amex JV: Amex Joint Venture with ten companies. Ambra's share valued over $28 Million 1) Oil/Gas Project of 20,740 acres in the Cessford area of Alberta, Canada. 2) Oil/Gas Project of 25,795 acres in Montana, USA. Project Information: Ambra Resources has formed the Amex Joint Venture with Starrock Resources to explore and develop potential and proven oil and natural gas reserves on large land holdings in Alberta and Montana. The Alberta property's present worth is $572,525,000 as valued by Citidal Engineering of Calgary. Ambra's 5% interest would be $28,626,000. Well work-overs and new drilling is ongoing. Increased production or a new discovery will dramatically impact Ambra's revenues. The Company believes the Amex JV will be highly successful since they are drilling known reserves. Other Ambra Projects: Paula Gold Vein system exploration, Vancouver Island, B.C. Vancouver Island Platinum and Palladium exploration program. Beaufort Sea Oil Project JV with major exploration and production companies. For additional information contact: John Hickey at 1-800-698-3377. Ambra Resources Group invites you to learn more about its projects at the new WEB Site address: www.ambraresources.com ------------------------------------------------------------------------ Contact: John Hickey, 800-698-3377 ------------------------------------------------------------------------ More Quotes and News:Ambra Resources Group Inc (OTC BB:ABRG - news)Related News Categories: oil/energy Tell me why ABRG is only worth .09 and MTEI is worth 5 times that. Because we have $28 mil in oil/gas properties alone here (not to mention the gold/palladium and other non-oil/gas properties) and only 26 million shares. And ABRG has only a market cap of $2.3 million while MTEI has a market cap of $35 million. Yet ABRG should have about 1/4 of the assets MTEI has (meaning 1/4 of MTEI market cap should at least be its value or $8.75 mil..) Hope you guys in the gas/coal stocks are comparing your stock to other gas/coal mining companies to find values out there! -DavidCG