Ambra Resources Group Inc. Announces Income From Cessford, Alberta Joint Venture Gas Sales.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)--Jan 16, 2001 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 gas sales to the end of October October: see month. 2000. November November: see month. figures to be released soon. Gas Sales from the 16 producing Wells at the end of October are illustrated below. We are pleased that the revenue flow has started.
AMBRA 5.8% SHARES OF (Sales to October 31, 2000)
YEAR TO DATE NET SALES (Cubic Feet of Gas)
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$ $
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1. 1,722 9. 2,995
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2. 2,968 10. 2,259
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3. 24,005 11. 70
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4. 4,976 12. 3,628
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5. 89 13. 804
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6. 3,757 14. 15,121
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7. 10,400 15. 57
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8. 384 16. 2,378
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TOTAL -- 75,612
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(a) These figures are approximate and will be adjusted monthly
depending upon actual production cost.
Ambra is going to convert these funds into further production cost for the project as additional Wells are being hooked up hooked up was a 2004 reality television series produced by online dating service Lemontonic, for Toronto 1 and the A-Channel stations. The show was created for Lemontonic, by Lone Eagle Entertainment (Popstars, Supermodels). . 2001 will show increased revenue as more Wells are completed and sales begin. The Operator announced it was completing 43 Wells in the 2000 work program and has initiated start -- up of its own gas processing plant. This will allow for 20 million cubic feet of gas per day through its own facilities when completed in March of this Year. A massive number of new Wells are also planned for the 2001 work program. This is a major investment and will have great shareholder value for Ambra Resources Group Inc. By the Board of Directors, Ambra Resources Group Inc. John M. Hickey President |
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