Ambra Resources Group Inc. Announces New Strategic Expansion Plans and Re-Focus of Its Corporate Business Activities.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)--Nov. 1, 1999-- Ambra Resources Group Inc., (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ABRG) plans to maintain its core business activities in the oil and gas sector to maximize shareholder value from the recent oil and gas commodity price increases, while simultaneously evaluating opportunities in the broad market to aggressively seek out attractive acquisition candidates in the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the and High technology sectors. John M. Hickey, President of Ambra Resources Group stated that " The recent increase in the price of oil and gas has significantly enhanced the value of the company's production projects. At the same time the company will expand its horizons into other potentially lucrative areas of commerce". Ambra Resources executives have been in negotiations with other companies in Dallas and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of in relation to planned acquisitions in the internet sector. Acquisitions will be announced when negotiations are finalized See finalization. . Ambra Resources is an oil and gas exploration company and is continuing to increase its asset base by purchasing existing producing oil and gas properties, becoming involved in large joint venture industry projects that have the requisite geology geology, science of the earth's history, composition, and structure, and the associated processes. It draws upon chemistry, biology, physics, astronomy, and mathematics (notably statistics) for support of its formulations. performed to enhance the likelihood of successful drilling or by seeking additional commercial opportunities that will serve to grow the asset base and create higher shareholder value for the company. By the Board of Directors, Ambra Resources Group Inc. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion