Adair International Oil & Gas Inc. Expands South American Operations; Tenders Offer to Purchase Companies in Ecuador and Venezuela.HOUSTON--(BUSINESS WIRE)--Sept. 25, 1997--Adair International Oil & Gas Inc. (formerly Roberts Oil & Gas Inc.) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : ROGI) announced today that it has tendered an offer to purchase an oil and gas workover company in Quito Quito (kē`tō), city (1990 pop. 1,100,847), N central Ecuador, capital of Ecuador and of Pichincha prov. After Guayaquil it is Ecuador's largest city. , Ecuador and a rod and tubing company located in the Lake Maracaibo Lake Maracaibo is a large brackish lake in Venezuela at . It is connected to the Gulf of Venezuela by a 55km strait on the northern edge of the lake, and fed by numerous rivers, the largest being the Catatumbo River. region of Venezuela. "Both companies are operational and will represent support for Adair's rapidly expanding South American Development activities in addition to increased revenues," stated John W. Adair, chairman of Adair International. Adair has previously announced its acquisition of additional concessions and exploration acreage in Colombia, Paraguay and the Middle East. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Securities and Litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. Reform Act that involves risks and uncertainties, including exploration, development, operations, marketing and implementation risks, and other factors described from time to time in the company's publicly available 10-K report, which could cause results to alter materially. CONTACT: Adair International Oil & Gas Inc., Houston Earl K. Roberts, 713/621-8241 |
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