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Nadir Energy & Mining Corp. (fka NADI) RSS Feed

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Amerimine Resources, Inc.'s strategic objective is to obtain controlling interests in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential from economically significant to world-class ore deposits. AMRR has acquired rights to several mineral exploration properties with uranium, gold and silver, and is actively negotiating for the acquisition of additional properties Most recent news: DENVER, Oct 10, 2005 (BUSINESS WIRE) -- Amerimine Resources, Inc. (AMRR) announced that it has received notice that its joint venture consortium, through a Nigerian LCV (local content vehicle) was awarded a 2% interest in Block OPL 332. The Operator, which holds the 90% interest in the block, is Mustang/Sahara Energy. The award is subject to various conditions, most significantly the payment of a signature bonus of $51,500,000 by November 2, 2005. Neo Energy's payment obligation would equal its percentage of ownership in the block. In addition, the letter from the Nigerian Ministry of Petroleum Resources is addressed to Deeten Oil and Gas Ltd. and Neo Energy Limited as collective 10% awardees. Amerimine's joint venture interest is as assignee of UJIMA Energy Corporation, which is a 50% owner of a joint venture named Kenquip Nigeria Limited. Amerimine understands that Kenquip Nigeria Limited is the assignee of Neo, but Amerimine has not yet received copies of the written assignment and does not have information as to the extent of its responsibility to pay a portion of the $51,500,000 signature bonus. A copy of the bid award and the joint venture contract can soon be viewed at Amerimine's website, http://www.Amerimine.com. Over the next five years, one in five new barrels of oil on the global market will come from the Gulf of Guinea, and more than $33 billion will be invested in the region, 40 percent of it from American companies, the Washington-based Center for Strategic and International Studies estimates. Amerimine Resources, Inc., Denver Roseanna Bach, 303-825-3382 http://www.Amerimine.com
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