Ambra Resources announces start of drilling programs on Cessford and Montana properties.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)--Aug. 26, 1998--Publicly traded 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) has announced that the oil drilling rig was moved to 8-16-25-8-W4 on the Cessford property in Alberta, Canada, on August 15, 1998. The well will be spudded and drilling will begin on August 27, 1998. This is the first well of Ambra's 1998 Drilling Program on the Amex Joint Venture property, which covers 23 square miles A square mil is a unit of area, equal to the area of a square with sides of length one mil. A mil is one thousandth of an international inch. This unit of area is usually used in specifying the area of the cross section of a wire or cable. , and has twelve existing wells and thirteen miles of pipeline. Ambra holds a five percent (5%) interest in the Amex Joint Venture Project. Fast track drilling on Ambra's Montana Project will begin on September 15, 1998. Ambra increased participation in this project to 75% when preliminary data indicated a large pool of oil in geologic formations A geologic formation is a formally named rock stratum or geological unit. Formations are Lithostratigraphic units which are defined by primary lithology. The concept of formally defined layers or strata is central to the geologic discipline of stratigraphy. like those of the highly productive surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. fields. The Montana project consists of 2,698 acres with the potential for additional wells on the site. Ambra's Management stated that its oil andgas projects offer huge financial potential for the Company. Ambra Resources Group is a natural resource exploration and development company strategically positioning itself with a strong portfolio in minerals, oil and gas interests. For additional information contact John Hickey at 1-800-698-3377. Ambra Resources Group invites you to learn more about its projects at: www.ambraresources.com
CONTACT: Ambra Resources Group Inc., Vancouver
John Hickey, 1-800-698-3377
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