Asdar Group - Perforation & Completion Of Harvester no.1-25 Underway.Business Editors VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 17, 2001 Asdar Group (XBET: OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB) reports that it has funded its 50% share (total budget is $540,000USD 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. ) of the completion costs on the Harvester project. The operator has scheduled the mobilization of the completion rig with rig up expected this week. The proceeds will be used for the perforation per·fo·ra·tion n. 1. The act of perforating or the state of being perforated. 2. An abnormal opening in a hollow organ or viscus, as one made by rupture or injury. Perforation A hole. , testing and completion of the Harvester no.1-25 well located in Kings County, Bakersfield, California. Any 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. /s/ Robert Waters Robert Waters M.B.A., President For further information please contact Joseph Beyrouti Investor Relations Investor relations The process by which the corporation communicates with its investors. at: 1-888-488-6882 Website: www.asdargroup.com Safe Harbor 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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