Chancellor Group, Inc. Announces Oil Well, `Big Bertha' is Now Online.Business Editors BOSTON--(BUSINESS WIRE)--May 7, 2001 Oil and Natural Gas company Chancellor Group Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :CHAG CHAG Christian Health Association of Ghana CHAG Chancellor Group Inc (stock symbol) CHAG Community Health Awareness Group CHAG Charles Hammer Autosport Group ) announced today that its Shinkle Field A-12 oil well `Big Bertha' is now online. The output of Shinkle Field's A-12 oil well "Big Bertha' is a significant step towards reaching the company's projected total production goals. Chancellor Group currently has 3 oil wells online on its Shinkle Field property. In addition, the A-3 well is expected to be online shortly. Chancellor Group, Inc. currently has approximately 29.7 million shares of primary common stock issued and outstanding, and 38 million shares fully diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. . Chancellor Group web site: http://www.chancellorgroupinc.com Investor Research (real audio): http://www.wallstreetnewscast.com/chag.html Chancellor Group Yahoo Club: http://clubs.yahoo.com/clubs/chancellorgroup Certain information included in this communication contains statements that are forward-looking, such as statements relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated. |
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