Ambra Resources Group Inc. Announces Current Thunderbird Unit Status.Business Editors/Energy Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--Nov. 18, 2002 Publicly traded Ambra Resources Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ABRG) announces drilling update on the Thunderbird thunderbird In North American Indian mythology, a powerful spirit in the form of a bird that watered the earth and made vegetation grow. Lightning was believed to flash from its eyes or beak, and the beating of its wings was thought to represent rolling thunder. Unit, Well no. 1, in Karnes County, Texas Karnes County is a county located in the U.S. state of Texas. As of 2000, the population is 15,446. Its county seat is Karnes City6. Karnes County is named for Henry Wax Karnes, a soldier in the Texas Revolution. Geography According to the U.S. . The following report was received from the Operator. BBX BBX Business Basic Extended BBX Business Barter Exchange BBX Blue Bell, Pennsylvania (Airport Code) BBX Blockbuster Express (UK video store) Thunderbird Unit # 1, Well # 1 HOL The week of November 4 the Thunderbird Well was shut in for pressure build up. At that time the well was producing 115 MCFPD of gas and 115 barrels of oil per day. This was not deemed sufficient for the expectations of this well. The operator authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: the purchase of a pump jack and rods that are currently being installed. Some of the lines were clogged and being cleaned out. The purpose of the pump jack is to significantly increase the amount of pressure required to get this well producing to its potential. The Operator expects to be back producing in the next few days. The gas will continue to be burned off until the pipeline is connected and that is anticipated to be done by the end of this month. Further updates will be released over the next few weeks as work progresses. By the Board of Directors, Ambra Resources Group Inc. |
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