BB's Stock Haven

[stockjob]

NVMG making a move on news.

Native American Energy Group Receives Invitation From Chinese Rig Manufacturer
Business Wire - November 01, 2006 09:45

FOREST HILLS, N.Y., Nov 01, 2006 (BUSINESS WIRE) -- Native American Energy Group, 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 of General Turbine Systems of Texas, Inc., has expressed a willingness to work with NAEG, 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 Williston Basin in Northeastern Montana. GTS-China provides drilling rigs and drilling services to the 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 Directors has approved an immediate trip to Beijing by CEO, Joseph D'Arrigo and CFO, Raj Nanvaan the week of Oct. 29, 2006 to meet with him. The primary purpose of the meeting is to define and establish the basis for a possible Joint Venture or Partnership to develop NAEG's oil & gas properties in the prolific Williston Basin, and to examine the potential of geothermal drilling on certain targeted, tribal lands.

Raj Nanvaan of Native American Energy has also had lengthy, preliminary discussions with 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 time GTS-China wants to extend its reach. Due to recent oil field equipment shortages in the U.S., oil drillers have in some cases found it possible to avoid delays and speed up production by acquiring machinery furnished by Chinese manufacturers. The following BusinessWeek article (August 21, 2006, by Sonia Ryst) in the link below entitled, "In Oil Rigs, It's China to the Rescue," that mentions GTS Drilling and their pioneering role in introducing Chinese oil field equipment to the U.S., describes the increasingly important role 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_null (Due to its length, this URL may need to be copied/pasted intoy our Internet browser's address field. Remove the extra space if one exists.)

Joseph D'Arrigo, Chief Executive Officer of Native American Energy Group, stated, "The Company now has approximately 5 million barrels of oil in reserves, a substantial number of shut-in wells, already, and Bakken exposure. We are also currently pursuing a sizable oil field acquisition that will really put NAEG on the map if we succeed with that bid. At this particular time, I just can't help but be impressed with the turn-key solution and track record GTS has to offer because it represents an opportunity to really accelerate our growth. GTS-China now has over 40 rigs from China in the U.S. that are working excellently. NAEG's own Tony Johnson, our Senior Geologist & Petroleum Engineer, has informed me that for many of our shut-in oil wells to gain significant flow it is just a matter of opening a new zone, and for the Bakken wells we can take two of them and do some horizontal, directional drilling to test them. Because we know the Bakken is there, we can expect typical flow-rates of 400 to 3,000 BOPD or greater. So are we interested in a company that furnishes both rigs and operators? Yes! GTS offers directional drilling experts, completion experts, and complete well construction, and not just drilling a well."

General Turbine Systems of Texas, and General Turbine Systems, Inc. are USA corporations (founded in 1979) and are owned and operated by Pakistani-American, Houston, Texas based Chaudhry family. GTS-China Drilling Services has the capacity to drill 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 experts and tools to satisfy any and all directional needs for the operator. GTS has provided worldwide services in Brazil, Mexico and Ecuador, and its U.S. operations are in the rocky mountain region. In the Middle East GTS works in Pakistan, Saudi Arabia and UAE-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 joined together to bring the first Chinese manufactured rig to the United States in 2005. GTS has 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 and completion, and workovers. GTS' team of petroleum engineers come from countries such as Venezuela, China and the United States.

More about GTS Drilling Services:

http://www.gtstexas.com/about.html

Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.

SOURCE: Native American Energy Group, Inc.

Native American Energy Group, Inc.
Richard Ross, 800-780-8076
[e-mail]
http://www.nativeamericanenergy.com

Copyright Business Wire 2006