Nadir Energy & Mining Corp. (fka NADI)

[Tackler]

This chart AMRR caught my eye. Just looking at the latest release got my head spinning a bit though...

Amerimine Resources Notified of Bid Award

2005-10-10 11:04 ET - News Release

DENVER -- (Business Wire) -- Oct. 10, 2005

Amerimine Resources, Inc. (OTCBB: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.

About The Company

Amerimine Resources' (formerly Capital Hill Gold) strategic
objective is to obtain controlling interests in petroleum, uranium and
other strategic and precious metal properties with excellent
exploration potential for 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.

Can anyone explain that first part to me?
Is the deal dead since the payment was due November 2nd?
I would like to know more about the uranium potential. Or was that just thrown in because uranium is sexy?