Wolf Pt Linked to Canadian Oil-Sands: Montana's Governor Proposes Oil Refinery in Heart of NAEG Operations.FOREST HILLS, N.Y. -- Native American Energy Group, Inc. (the "Company" or "NAEG NAEG Nevada Applied Ecology Group ") (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). Pink Sheets: NVMG), a publicly traded, independent energy company operating out of Wolf Point on the Fort Peck Indian Reservation The Fort Peck Indian Reservation lies in northeastern Montana, United States. It is the homeland of the Assiniboine and Sioux tribes of Native Americans. It is the ninth-largest Indian reservation in the United States and comprises parts of four counties. in Northeast Montana, reports today on some enthralling en·thrall tr.v. en·thralled, en·thrall·ing, en·thralls 1. To hold spellbound; captivate: The magic show enthralled the audience. 2. To enslave. news from the Governor's office. The Schweitzer administration has named Wolf Point as one of seven Montana towns that might welcome an industrial-sized refinery for the purpose of processing crude oil from Canada's mega-field, oil sand development. Describing the administration's plan is an article entitled, "Governor gauging interest in new refineries," by The Gazette State Bureau that can be viewed at the following link: http://www.billingsgazette.net/articles/2006/09/08/news/state/30- refineries.txt (Due to length, the URL URL in full Uniform Resource Locator Address of a resource on the Internet. The resource can be any type of file stored on a server, such as a Web page, a text file, a graphics file, or an application program. above may need to be copied/pasted into your Internet browser's address field. Remove the extra space if one exists.) To Native American Energy Group, Inc. that had set up its infrastructure on the Fort Peck Indian Reservation two years ago, the strategic direction taken by the state to increase industry and vitality with the addition of a new oil refinery at Wolf Point, an area that is already the trade center for Northeast Montana, can mean several things... greater energy development to the area in which the Company operates its energy business, evolving opportunity, along with an expanding local economy, provided that there is acceptance of the change, which is crucial. The Fort Peck Tribes play a large role in the decisions and the economy of Wolf Point. The breadth, pace, and extent to which Montana will expand its electricity and oil & gas capacities are of primary interest to Dirs., Joseph D'Arrigo and Raj Nanvaan of the Native American Energy Group as co-founders of NAEG and currently CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and CFO See Chief Financial Officer. , respectively. In January of this year they met with several members of Governor Schweitzer's administration regarding the administration's energy plans, and they presented the Company's own energy-development agenda before the State Tribal Affairs Committee at a televised meeting of the State/Tribal Relations Interim Legislative Committee. NAEG is committed to strengthening Native American communities in tune with their own goals and needs by (1) maximizing oil & gas production on tribal lands through enhanced oil recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] techniques; and (2) by the implementation of renewable-energy resource solutions; (3) by building energy-efficient, affordable housing; and (4) by offering education, training & jobs to qualified individuals from among the reservations. NAEG acknowledges with gratitude CBS NEWS CBS News is the news division of American television and radio network CBS. Its current president is Sean McManus who is also head of CBS Sports. Current productions Current television shows
(This link is a ZIP file (1) A file that contains one or more files that have been compressed into the ZIP format. Also called a "ZIP archive," "zipped file" or "zipped archive," the ZIP algorithm is the most popular compression method in use. Not Just the . where you can download the file, unzip To decompress a file in the .ZIP file format. See Zip file. 1. (tool, compression) unzip - To extract files from an archive created with PKWare's PKZIP archiver. 2. it using WinZip or WinRAR (go to download.com to download the software), save it and then open the media file with the appropriate software you wish to use to open the file.) CEO Joseph D'Arrigo stated, "I've truly benefited from the discussions that took place earlier this year regarding the administration's long-term economic and energy policy, and our own. I am sure NAEG can be considered a valued partner to these energy-development initiatives of the Governor and his administration that are aimed at bring prosperity to the various areas in which we operate. While NAEG's success is not contingent upon Adj. 1. contingent upon - determined by conditions or circumstances that follow; "arms sales contingent on the approval of congress" contingent on, dependant on, dependant upon, dependent on, dependent upon, depending on, contingent the addition of a refinery, in and of itself, the implication is more so a case of our Company being part of the evolving opportunities that arise here, and that we are helping to bring about as a company to this area, and to the tribal communities and, of course, this includes receiving our due of recognition for same. We have worked hard to achieve a strong presence in Fort Peck, while exhibiting steady growth by doing what we said we would do. I am reminded of George Bush, Sr. who was up through here gathering oil & natural gas leases when he was younger than I am. The NAEG team has also been knocking on the doors of landowners just as George was, but we are still at it going on six years now, so it good to see that everyone is rowing in the same direction. The Schweitzer administration's push for energy development, overall, including renewable energy resource solutions in Eastern Montana is confirmatory of NAEG's business model, and can certainly only impact the Company in very positive ways going forward. Finally, we thank Governor Schweitzer for his strong leadership role. It is my belief that he will be responsible for having put Montana on track to becoming one of the richest states in America." About Native American Energy Group, Inc. (OTC Pink Sheets: NVMG) http://www.nativeamericanenergy.com/aboutus.htm 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: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States 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 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein. |
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