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

To: Robert who wrote (1951)	7/7/1998 11:21:00 AM
From: Author51	Respond to of 3817

Correct..Alertline...NOT NTAH....Here's the deal on the Caspian.... In a company press release dated Aug. 6, 1997, Nevtah announced that it had 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. A memorandum of agreement is in place and all the groups in the Joint Venture have reviewed a proposed contract from the State Oil Company (SOCAR) of Azerbaijan.

To: Robert who wrote (1951)	7/7/1998 11:30:00 AM
From: Author51	Respond to of 3817

And here's the rest of it.....I think reference was made to the "Southeastern US" To: +anyone (1655 ) From: +Bruce N. Omori Thursday, Jun 25 1998 3:09PM ET Reply # of 1952 News is out!!! Here it is: Thursday June 25, 2:50 pm Eastern Time Company Press Release Nevtah Finalizes Joint Venture for New Stripper Well Technology PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--June 25, 1998--Nevtah Capital Management (''Nevtah'') (NASD OTC:NTAH) announced that it has finalized an agreement with Petroleum Asset Management Co. (''Pamco'') to form a partnership utilizing a patented stripper well technology, which will significantly improve the economics of oil production. The technology will reduce operating costs by $5.00 + per barrel of oil as well as increase production. The nation's 433,171 stripper wells produced more than 350 million barrels of oil in 1996, 15 percent of all the oil produced in the U.S. (excluding Alaska). There are another 500,000 stripper wells not operating at this time. Even at the current low prices of oil, this technology converts marginal wells into an economic success. As reported by Resource Analyst Jay Taylor, ''assuming this technology is used on just 9,000 Stripper wells in the U.S., management believes its 50% interest in this technology could bring pretax earnings to Nevtah ranging from $14 million to $79 million per year.'' The company has currently installed six new systems on wells in Kentucky and Oklahoma. Four of the wells are located in Kentucky and range in depth from 600 to 1,400 feet. These wells were targeted to test the cost and efficiency with much lower operating costs as compared to the standard pump jack system. Two systems were recently installed in Oklahoma on wells of approximately 500 feet in depth. These wells will be used to determine the economics of the system on very shallow wells, which had been abandoned for some time. Another 18 wells will be installed over the next 30 days, which will complete phase 1 of the testing program. Phase 2 will include the installation of the system in an additional 100 wells. At that point, the company will actively seek additional leases in Texas, Oklahoma and Kansas for its own use as well as start a marketing program to sell the technology to other stripper well operators in non-competitive areas. This will include sales to other countries through exclusive distributors. Nevtah is still negotiating with prospective joint venture partners to participate in the development of its Matagorda Island gas field. THIS IS WHAT THE CO. has to say!!!!...You'll notice the Co's name IS NOT ALERTLINE, but NTAH......BTW, I think the recommendation was fine, and based on facts.....Peace