Ambra Announces Further Expansion of Its Cessford, Alberta Energy Program.Business Editors VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Oct. 25, 2000 Ambra A subsidiary of the IBM PC Company that sold PCs as "IBM clones" via direct mail under the Ambra name. Although only a year in business, Ambra was shut down by IBM in 1994, claiming it caused too much confusion in the marketplace. Resources Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABRG) announces that operating partner Promax Energy Inc. has announced the completion of its second booster Booster - A data-parallel language. "The Booster Language", E. Paalvast, TR PL 89-ITI-B-18, Inst voor Toegepaste Informatica TNO, Delft, 1989. compressor compressor, machine that decreases the volume of air or other gas by the application of pressure. Compressor types range from the simple hand pump and the piston-equipped compressor used to inflate tires to machines that use a rotating, bladed element to achieve and the tie-in of five new Wells to bring the total producing Wells to seventeen. There are a total of 49 Wells capable of production and the Operator is continuing to drill/case and hook up these Wells on a timely basis. Based on a recent Engineering Report the amount of gas producing, developed and non-producing and probable additional reserves represent 67.06 billion cubic feet of gas. In dollar value, Ambra's 5.8% working interest represents $28,000,000 net in undiscounted terms and $11,500,000 discounted at 12%. This is a significant return on Ambra's total investment in the Cessford project. Today Ambra and Promax Energy management will be taking a hands-on tour of the Cessford gas plant, pipeline and Wells to determine the viability of further expansion of its operations. Reports of this tour and analysis will be forthcoming. By the Board of Directors, Ambra Resources Group Inc. |
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