Asdar Group - Harvester No. 1-25 Well Update.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 18, 2001 Asdar Group (XBET: OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB) reports the company has recovered to date 687 barrels of fluids from the Harvester harvester, farm machine that mechanically harvests a crop. Small-grain harvesting has been mechanized to a certain extent since early times. In the modern period the first harvester to gain general acceptance was made by Cyrus McCormick in 1831 (see reaper). no. 1-25 well at the perforated per·fo·ra·ted adj. Pierced with one or more holes. interval between 11,706' to 11,740' located in the Temblor formation. Chloride testing of the fluids indicates chloride levels of approximately 10,000 ppm. Formation water chlorides at this depth range between 30,000 and 33,000 ppm. As a result, the Company believes that the fluids are drilling fluids from the original drilling program twenty years TWENTY YEARS. The lapse of twenty years raises a presumption of certain facts, and after such a time, the party against whom the presumption has been raised, will be required to prove a negative to establish his rights. 2. ago. At the present time the well continues to flow on its own with gas cut fluids. The Company's production engineer has recommended that the well be shut-in through the holiday season with flow testing to commence in the New Year. The recommendation is based in part on weather and in part on the availability of service personnel through the holiday season. Production achieved in any of the indicated zones will be considered a new field discovery. Asdar Group holds a 50% interest in the Harvester no. 1-25 well and the adjoining 1,120 acreage. Robert Waters M.B.A., President Website: www.asdargroup.com Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Asdar's filings with the Securities & Exchange Commission. |
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