Amerimine Resources Notified of Bid Award.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 that it has received notice that its joint venture consortium, through a Nigerian LCV LCV League of Conservation Voters LCV Light Commercial Vehicle LCV Large Cap Value (finance) LCV Leukocytoclastic Vasculitis (acute pustular psoriasis) LCV Longer Combination Vehicles (local content vehicle) was awarded a 2% interest in Block OPL OPL Open Publication License OPL Olympus Product Line (Sun) OPL outer plexiform layer OPL Organiser Programming Language (PSION) OPL On-Premise Laundry OPL Optical Path Length OPL Open Public License 332. The Operator, which holds the 90% interest in the block, is Mustang/Sahara Energy. The award is subject to various conditions, most significantly the payment of a signature bonus of $51,500,000 by November 2, 2005. Neo Energy's payment obligation would equal its percentage of ownership in the block. In addition, the letter from the Nigerian Ministry of Petroleum Resources is addressed to Deeten Oil and Gas Ltd. and Neo Energy Limited as collective 10% awardees. Amerimine's joint venture interest is as assignee assignee (assign) n. a person to whom property is transferred by sale or gift, particularly real property. (See: assign) ASSIGNEE. One to whom an assignment has been made. 2. of UJIMA Energy Corporation, which is a 50% owner of a joint venture named Kenquip Nigeria Limited. Amerimine understands that Kenquip Nigeria Limited is the assignee of Neo, but Amerimine has not yet received copies of the written assignment and does not have information as to the extent of its responsibility to pay a portion of the $51,500,000 signature bonus. A copy of the bid award and the joint venture contract can soon be viewed at Amerimine's website, http://www.Amerimine.com. Over the next five years, one in five new barrels of oil on the global market will come from the Gulf of Guinea Noun 1. Gulf of Guinea - a gulf off the southwest coast of Africa Bioko - an island in the Gulf of Guinea that is part of Equatorial Guinea Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa , and more than $33 billion will be invested in the region, 40 percent of it from American companies, the Washington-based Center for Strategic and International Studies The Center for Strategic and International Studies (CSIS) is a Washington, D.C.-based foreign policy think tank. The center was founded in 1964 by Admiral Arleigh Burke and historian David Manker Abshire, originally as part of Georgetown University. estimates. 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. AMRR 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. |
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