American Energy Announces Hycarbex-American Energy Inc. has Reached an Agreement With the Pakistan Government.Business & Energy Editors HOUSTON--(BUSINESS WIRE)--June 20, 2000 The American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Energy Group Ltd. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMEL) announced today the immediate resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the of seismic data acquisition activities in the Jacobabad Block Concession in Central Pakistan held by its wholly-owned subsidiary, Hycarbex-American Energy Inc. In an official letter issued by the government of Pakistan Government of Pakistan (Urdu: حکومتِ پاکستان), The Constitution of Pakistan provides for a Federal Parliamentary System of government, with a President as the Head of State and an indirectly-elected Prime dated June 15, 2000, the Pakistan government has extended the spudding date of the next exploratory well to November 30, 2000 and has indicated that the seismic data acquisition work will be designed to verify (1) To prove the correctness of data. (2) In data entry operations, to compare the keystrokes of a second operator with the data entered by the first operator to ensure that the data were typed in accurately. See validate. and to confirm previously identified prospective structures in the block. The location of the next exploratory well will be determined by the results of this work. The company is currently in negotiations with the contractors required for the implementation of both the seismic and the drilling work programs. Hycarbex-American Energy Inc. is currently maintaining USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 1.1 million in the Pakistani Bank Accounts for the drilling of this well. Chuck Valceschini, president of the company, stated in connection with the announcement that Pakistan continues to offer significant exploration opportunities for Hycarbex-American Energy Inc. and that resumption of the seismic and exploration activities in the Jacobabad Block signals the confidence the company continues to have in this area. The American Energy Group Ltd. is an independent oil and gas exploration, drilling and production company currently based in Houston, engaged in international exploration projects. Certain matters described in this report are forward looking statements and are subject to risks and uncertainties that could cause actual results to differ materially from those projected. |
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