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__________________________Let's Make History______________________ A HIGH IMPACT RESOURCE PLAY Navasota Resources (NAV-VSE) Expectations soar as exploration progresses toward potential discovery of a world class helium reserve. In early May 1999, after extensive work, Navasota Resources secured the exclusive right from the Government of Saskatchewan for 3 years to explore for helium and associated gases in east-central Saskatchewan. The permits cover 303 sq. miles in an area, 90 kilometres east of Nipawin, where helium gas has been reported in anomalous, exceptionally high concentrations ranging from 2 percent to 89.5 percent. Exploration efforts will initially focus on the area where helium gas has been previously reported in anomalous concentrations of up to 89.5 per cent. The company's efforts at confirming and determining the extent of these showings will be enhanced due to recent advances in helium detection equipment. Regional geological and geophysical data indicate that the prospects will be at depths less than 500 metres. The reservoirs in the petroleum gas producing areas of Southwest Saskatchewan are relatively thin and found at similar shallow depths but are economic to produce for natural gas. The economics should be better for helium. Test drilling may commence as early as the last quarter of 1999 to determine the actual helium content, which other gases are present, the pressures and flow rates. Once the drilling data is analyzed, projections regarding the project 's economic viability can be made with a significant degree of reliability. It is important to note that the combination of the premium commodity pricing attached to helium as compared with natural gas, and the strong likelihood of the discovery of a helium resource at shallow depths, is expected to lead to impressive project economics. Management is convinced that the conditions for establishing commercial production represent more of an engineering and marketing challenge than an exploration concern. This conclusion is based on the fact that helium occurrences are reported in numerous localities in the general vicinity and area covering the company's exploration rights. Navasota Resources seeks to become the first significant commercial producer of helium in Canada. Consistent with this objective, the company has spent the last few months improving its own understanding of the dynamics of the worldwide helium industry. Navasota is currently consolidating the results of these efforts and will disclose facts on its Web site. In the United States, where helium prediction is economic as a byproduct of natural gas production where it has a helium content as low as 0.3 gas production where it has a helium content as low as 0.3 per cent. The worldwide demand for helium is robust and it is currently priced at over 30 X the present wellhead price of equivalent volumes of natural gas in Canada. There is no helium production in Canada at this time. Economically recoverable helium reserves are generally found in conjunction with natural gas fields. Most of the helium-rich fields (more than 0.3 percent helium) are found in the U.S. The helium in gas fields outside the U.S. is typically at a concentration of less than 0.1 percent. The U.S. is presently the largest producer and consumer of helium in the world. NAV is a very nice hunt for the big one. Nice tight float. Insiders bought all of the last big debenture.... What do they know ? Suite 207, 141 Victoria St. Kamloops, B.C. V2C 1Z5 Phone: (250) 374 - 7377 or 1-888-988-9222 Fax: (250) 374 - 9296 Website: navasota.com Authorized 20,000,000 Issued 6,693,162 about 4.3 million shares or 64 percent held by Management and insiders Fully Diluted 7,781,796 Public Float around 2,000,000 NAV was also featured by the Canadian Online Investor at stockreviews.com | ||||||||||||||
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