Amerimine Resources Expects to Sign Production Sharing Contract.DENVER -- Amerimine Resources, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :AMRR AMRR Adaptive Multi Rate Retry AMRR Aircraft Material Readiness Report AMRR Alkali Metal Residue Removal AMRR Army Materiels Research Reactor AMRR Asbestos Materials Report and Register ) announced this week that the Nigerian Department of Petroleum Resources (DPR DPR Department (al) Performance Report DPR Decreto del Presidente della Repubblica (Italian Republic presidential decree) DPR Department of Pesticide Regulation (California) ) has released the parameters for the Production Sharing Contract between Amerimine's consortium in Nigeria and the operators of offshore blocks awarded in the 2005 offshore bid round. Under Nigerian law the Local Content Vehicles (such as Amerimine's consortium) must be awarded a 10% interest in the offshore blocks, most of which are for 100 million barrels or more. This action by the DPR clears the way for Amerimine's consortium to negotiate and enter into a Production Sharing Contract. Dan Enright Daniel Enright (August 30, 1917 - May 22, 1992) was one of the most successful game show producers in American television. Enright worked with Jack Barry from the 1940s until Barry's death in 1984. They were partners in creating programs for radio and television. , President of Amerimine, stated that the transparent and aggressive approach by the DPR of the Federal Government of Nigeria shows to the world their world-class status in the energy markets. Nigeria, a member of OPEC OPEC: see Organization of Petroleum Exporting Countries. OPEC in full Organization of the Petroleum Exporting Countries Multinational organization established in 1960 to coordinate the petroleum production and export policies of its , is the 11th largest oil producer in the world. About The Company Amerimine Resources' (formerly Capital Hill Gold) strategic objective is to obtain controlling interests controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail in petroleum, uranium and other strategic and precious metal properties with excellent exploration potential for economically significant to world-class ore deposits. CHGI has acquired rights to several mineral exploration properties with uranium, gold and silver, and is actively negotiating for the acquisition of additional properties. This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion