Amerimine Resources in Queue for Nigerian Oil Projects.DENVER -- Amerimine Resources, Inc. (OTCBB:AMRR AMRR - Aircraft Material Readiness Report AMRR - Alkali Metal Residue Removal AMRR - Army Materiels Research Reactor AMRR - Asbestos Materials Report and Register) announced that its joint venture consortium is focusing its efforts on smaller fields in Nigeria (20 to 50 million barrel reserves) with its local partner, Oil and Industrial Services Ltd and its joint venture partner UJIMA Energy Corporation. Oil and Industrial Services is an approved LCV LCV - Laboratoire Central Vétérinaire LCV - Landing Craft, Vehicle LCV - Large Cap Value (finance) LCV - League of Conservation Voters LCV - Len Cable Vehicle LCV - Leukocytoclastic Vasculitis (acute pustular psoriasis) LCV - Level Control Valve LCV - Life Cycle Value LCV - Light Combat Vehicle LCV - Light Commercial Vehicle LCV - Light Contingency Vehicle LCV - Line Coding Violation (error event) LCV - Lipid Coated Virus (Local Content Provider) and the Nigerian Department of Petroleum Resources has announced that all petroleum concessions must include a Nigerian LVC as a 10% or greater partner. The Nigerian government will release the results of the LCV bid round shortly, and Amerimine's joint venture is involved in this area. After further review of the Nigerian oil market, Amerimine's joint venture has determined that the 20 to 50 million barrel oil fields present greater opportunities for profit without the large capital investment needed for larger blocks. OIS OIS - Office Information Systems OIS - Objective Instrumentation System (US Army Live Training Transformation) OIS - Office Information System OIS - Office of Information Security OIS - Office of Information Services (University of Puget Sound) OIS - Office of Information Systems OIS - Officer Indoctrination School (US Naval Education and Training Center) OIS - Officer Involved Shooting OIS - OGE Input Simulator OIS - Oh I See spokesman Mr. Wilson Opuwei states: "We were pleased to learn after the August 26th bid auction, that the Local Content Vehicle consortium OIS is a member of, secured a position as an LCV participant on a yet to be determined offshore block in this bid round. The Nigerian government is still in the process of reconciling the positions of successful LCV participants and we expect an announcement confirming the assignment of LCV's to specific offshore blocks in the near future." Over the next five years, one in five new barrels of oil on the global market will come from the Gulf of Guinea, 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 estimates. Oil and Industrial Services, Inc. - http://OIS-International.com - employs around 400 personnel and is proud to include major companies such as Chevron, Shell, Mobil, AGIP and other world-renowned companies within its client base. About The Company Amerimine Resources' (formerly Capital Hill Gold) strategic objective is to obtain controlling interests 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 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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