STOCK ALERT (AXPL)

Stock Alert: Amalgamated Exploration (Symbol:AXPL – pink sheets)

Recent Stock Price: $1.25 with a 52 week high of $4.00 on approximate volume of 100,000 shares.
Extremely Small Float: Approximately 900,000 Shares with (300,000 being TIGHTLY HELD).
Company Web site: www.findoil.com
Company contact: Christian F. “Ted” Murer (303)629-5115
Recent Press Release: (Nov. 15, 2000) Amalgamated Exploration signs agreement with Barrett Resources Corporation(NYSE:BRR) to drill oil & natural gas wells in the Boone Dome Gas Field area in Wyoming. http://biz.yahoo.com/prnews/001115/co_amalgam.html
 
Company Description: Amalgamated Exploration is an independent natural gas and oil exploration and production company that utilizes its proprietary Electrotelluric ™ Technology which detects oil & gas deposits without drilling down to 17,000 feet. This patented low frequency instrument is used to map hydrocarbons using electromagnetic waves with no disruption to the earth except "One Man's Footprint". This Technology helps decrease the greatest expense of the oil & gas industry, the drilling of dry holes.

We feel the stock is undiscovered and undervalued at the current price and offers investors great upside potential.  


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Received on Thursday, 23 November 2000 16:03:27 UTC