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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?

To: Just My Opinion who wrote (1829)	7/1/1998 3:05:00 PM
From: Chuck Delo	Read Replies (3) \| Respond to of 3817

Here is the meat of their rec. They have sites at www.alertnewsletter.com/ and www.microcapstocks.com/ This rec won't hit those sites for a few days. "NEVTAH JOINS THE RANKS WITH THE OIL MAJORS IN THE CASPIAN SEA" Palm Beach, Florida - Resource Analyst Ron Struthers reports.... "Nevtah Capital has entered into a Joint Venture agreement to acquire an 80% interest in an Oil & Gas play which includes a production sharing arrangement on the development of the Siezen Monocline oil field on the shores of the Caspian Sea." "This field has been producing since the 1940's and preliminary studies by independent consultants estimate potential recoverable reserves of over 100 million barrels of oil, including the use of secondary recovery methods. A think tank based in London estimated that there is approximately 65 billion barrels of recoverable 'Sweet Crude' proven oil reserves beneath the Caspian Sea." "Current industry estimates put total reserves in the Caspian Sea at as much as 200 billion barrels of oil." "Nevtah shares represent good value on a chance for a big gain with this Caspian project and other exploration potential." Well, looks good... But we were actually more interested in sticking to the US. So we started digging in deeper and found out that the company is involved in several projects in the the Southern US. Cutting to the chase here is what we found out about the company: New Strategic Agreement with Tower Oil Horizontal drilling on five Projects Rapid growth from near term oil production 1000-1500 bpd Projected Major Gas Project On-Line Strong Revenues Projected * Numerous New Oil and Gas Acquisitions Anticipated * Exceptional Management and Technical Support Speaking of management, which we consider absolutely vital here is the line up over at Nevtah: The President of the Company, Dan Kesonen, with his strong backgroup in Corporate Finance and Venture Capital has assembled a very respectable and able team. Notable are: ROBERT BARNES, Geologist, Director 35 years experience encompassing all aspects of the oil and gas industry in the United States. Former professor of Geology of University of Tennessee, Nashville. Has been instrumental in numerous major discoveries including Gum Branch Field (1.1 million barrels of oil and 1.4 BCF gas), Honey Creek Field (current producer- over 500,000 barrels of oil during first three years), Indian Creek Field (current producer 1.8 million barrels of oil, 1.3 BCF gas) Burrville Field (740,000 barrels of oil) and Lick Branch Field (1.1 million barrels of oil). LAWRENCE JONES, Director 30 years experience in operations and finance. Extensive background in acquisitions and mergers in London, New York, Australasia. Former Managing Director, Barclays Metals Limited. Member of the London Metals Exchange. All of this brings us down to the stock, which has had the snot beat out of it recently. Yesterday, the trading action prompted us to get behind the stock and share this with you. You can all look at the trading history and see that this stock traded around the $2 level and hovered recently in the .50 range for quite some time. We're not saying that this company is Amoco or Exxon, but it would appear you really cannot get hurt at these levels. We feel the stock will bounce back to that .50 range by fall, and then as we see the rebound in oil prices and the SURGE in Gas prices we have been predicting for the fall we could have one hell of a winner on our hands in the stock.