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Ness Energy Announces Israel Activity Updates
Tuesday January 23, 1:47 pm ET
WILLOW PARK, Texas, and NETANYA, Israel, Jan. 23 /PRNewswire-FirstCall/ -- Ness Energy International, Inc. (OTC Bulletin Board: NESS - News) announced today the following updates.
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Ness US Personnel in Israel
Ness Energy US personnel are currently in Israel exploring several issues with its various partners there. Among these issues is the possibility of Ness Energy establishing a direct presence on the Tel Aviv Stock Exchange (TASE). Currently, Ness has an indirect presence on the TASE through its partner, Modi'in Partnership. However, Ness is considering a more direct presence. It is the desire of Ness Management to establish this presence as another vehicle through which Ness can raise capital within Israel for its activities there. President and CEO Sha Stephens comments: "As we continue exploring and working toward establishing ourselves as an energy producer in Israel, our capital requirements also continue. For years, this activity has been supported almost entirely by our US shareholders. Due to interest expressed by potential investors in Israel we believe it is time to provide the Israeli people an opportunity to directly participate. Being listed on the Tel Aviv Exchange would open another potential source of capital, which we believe has the potential to accelerate our efforts as we continue with our plan of well re-works and eventual drilling in Israel, ultimately bringing us to the discovery we are working toward. It is important to note that, at this time, we are simply exploring possibilities. There have been no firm decisions or commitments made. However, the initial results of our investigation appear favorable."
Gurim # 4 Update
The Gurim # 4 well, located just outside Arad, near the southwest end of the Dead Sea, continues to sit in a near-producing attitude. Our field personnel moved our rig back on to the Gurim # 4 in early January to "swab" further samples of oil from down hole. These additional samples were gathered at the request of, and provided to, one of the prospective purchasers. Further information regarding the Gurim # 4 will be released as it becomes available.
Investor Correspondence
In keeping with our renewed efforts to focus on the vision of the company and our Israeli efforts Ness Energy has, by design, experienced a reduction of office staff. This reduction has resulted in fewer people performing essentially the same tasks as the previously larger staff. One of the areas that has been most affected by this reduction is our ability to respond personally to every call or email received from shareholders. In an effort to answer many of the questions asked by our shareholders we are implementing a new "Shareholder Information Voice Mailbox." This is a voice mailbox that is accessible via our main office telephone number at 817-341-1477. This mailbox will contain a verbal version of our latest press release, as well as answers to many of the most popular questions asked by our shareholders. In addition, callers will be able to leave a message with any other questions they may have. President Stephens adds, "We will continue listening to every message received from our shareholders. We will also continue to make an effort to return those calls and answer those questions personally. However, please understand that Ness has over 11,000 shareholders. With our smaller office staff it is very difficult to answer every call or email individually and personally. We will attempt to keep our shareholders better informed through the use of our web site and more frequent press releases. This is a necessary step in order for us to keep our ongoing expenses at reasonable levels. Your continued patience and understanding are appreciated." This mailbox should be available beginning January 29, 2007.
About Ness-The Vision
Ness Energy operates oil and gas interests in the Ft. Worth Basin of North Texas. Ness is also an active player in the energy industry in Israel, carrying out The Vision of The Company. 'The Vision': that Israel, in particular the southwest end of the Dead Sea, is a place where "Science and The Bible shake hands" and that Ness will achieve realization of The Vision through the location and recovery of an abundant supernatural source of oil and gas in Israel for The Nation of Israel and the Christian communities.
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