Native American Energy Group Receives Invitation FromChinese Rig ManufacturerFOREST HILLS, N.Y., Nov 01, 2006 (BUSINESS WIRE) -- Native American EnergyGroup, Inc. (the "Company" or "NAEG") (OTC Pink Sheets: NVMG), a publicly traded,independent energy company that began its initial oil production in Northeast Montana,in August 2006 is pleased to report that GTS-China Drilling Services, a division ofGeneral Turbine Systems of Texas, Inc., has expressed a willingness to work withNAEG, to meet at their manufacturing facilities in China and in Texas, and to find a way,together, to develop the acreage Native American Energy has acquired in the WillistonBasin in Northeastern Montana. GTS-China provides drilling rigs and drilling services tothe industry on a worldwide basis.NAEG is pleased to have received and has accepted a formal invitation from Mr.Alexander Chaudhry, the Executive Director of GTS-China, and the Board of Directorshas approved an immediate trip to Beijing by CEO, Joseph D’Arrigo and CFO, RajNanvaan the week of Oct. 29, 2006 to meet with him. The primary purpose of themeeting is to define and establish the basis for a possible Joint Venture or Partnership todevelop NAEG’s oil & gas properties in the prolific Williston Basin, and to examine thepotential of geothermal drilling on certain targeted, tribal lands.Raj Nanvaan of Native American Energy has also had lengthy, preliminary discussionswith the founder and President of GTS Drilling and GTS-China, Mr. Sajjad Chaudhry,who is headquartered in Houston, Texas. It seems that smaller exploration &development companies don’t want to stand still for very long, and at the same timeGTS-China wants to extend its reach. Due to recent oil field equipment shortages in theU.S., oil drillers have in some cases found it possible to avoid delays and speed upproduction by acquiring machinery furnished by Chinese manufacturers. The followingBusinessWeek article (August 21, 2006, by Sonia Ryst) in the link below entitled, “In OilRigs, It’s China to the Rescue,” that mentions GTS Drilling and their pioneering role inintroducing Chinese oil field equipment to the U.S., describes the increasingly importantrole that Chinese rig manufacturers play in the production of oil & gas drilling equipment:http://www.businessweek.com/investor/content/aug2006/pi20060818_061290.htm?campaign_id=rss_nullJosep... D’Arrigo, Chief Executive Officer of Native American Energy Group, stated, “TheCompany now has approximately 5 million barrels of oil in reserves, a substantialnumber of shut-in wells, already, and Bakken exposure. We are also currently pursuinga sizable oil field acquisition that will really put NAEG on the map if we succeed with thatbid. At this particular time, I just can’t help but be impressed with the turn-key solutionand track record GTS has to offer because it represents an opportunity to reallyaccelerate our growth. GTS-China now has over 40 rigs from China in the U.S. that areworking excellently. NAEG’s own Tony Johnson, our Senior Geologist & PetroleumEngineer, has informed me that for many of our shut-in oil wells to gain significant flow itis just a matter of opening a new zone, and for the Bakken wells we can take two ofthem and do some horizontal, directional drilling to test them. Because we know theBakken is there, we can expect typical flow-rates of 400 to 3,000 BOPD or greater. Soare we interested in a company that furnishes both rigs and operators? Yes! GTS offers
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directional drilling experts, completion experts, and complete well construction, and notjust drilling a well.”General Turbine Systems of Texas, and General Turbine Systems, Inc. are USAcorporations (founded in 1979) and are owned and operated by Pakistani-American,Houston, Texas based Chaudhry family. GTS-China Drilling Services has the capacity todrill all types of wells; oil, natural gas and geo-thermal to a maximum depth of 25,000 ft.GTS Drilling specializes in high altitude directional drilling, and has down-hole expertsand tools to satisfy any and all directional needs for the operator. GTS has providedworldwide services in Brazil, Mexico and Ecuador, and its U.S. operations are in therocky mountain region. In the Middle East GTS works in Pakistan, Saudi Arabia andUAE-Dubai; Europe (in Italy, companies Fiat Avio for 15 years, and Belleli for 8 years);and in Asia: China. In a historic joint venture, HongHua Ltd. and GTS Drilling joinedtogether to bring the first Chinese manufactured rig to the United States in 2005. GTShas a pool of over 200 petroleum engineers that can tackle any job in the oil & gas field,drilling experts and site geologists, and are experts in acreage development, drilling andcompletion, and workovers. GTS’ team of petroleum engineers come from countriessuch as Venezuela, China and the United States.More about GTS Drilling Services:http://www.gtstexas.com/about.htmlSafe Harbor Statement: This News Release may include forward-looking statementswithin the meaning of section 27A of the United States Securities Act of 1933, asamended, and section 21E of the United States Securities & Exchange Act of 1934, asamended, with respect to corporate objectives, projections, estimates, operations,acquisition and development of various interests and certain other matters. Thesestatements are made under the "Safe Harbor" provisions of the United States PrivateSecurities Litigation Reform Act of 1995 and involve risks and uncertainties which couldcause actual results to differ materially from those in the forward-looking statementscontained herein.SOURCE: Native American Energy Group, Inc.CONTACT:Native American Energy Group, Inc.Richard Ross, 800-780-8076ir@nativeamericanenergy.comhttp://www.nativeamericanenergy.com
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