Business
Northamerican Energy Group Begins Trading
Northamerican Energy Group Begins Trading.
About this update from Northamerican Energy Group Corp
[{"type":"text","content":"Houston, TX. August 9, 2005 --- Northamerican Energy Group Corporation (OTC Pink Sheets: NNYG) announced today that it has recently begun trading on the OTC Pink Sheets under the symbol NNYG.\r\n\t\r\nNorthamerican Energy Group was created to focus on acquiring low-risk, mature oil, and natural gas fields, and the recovery of their hydrocarbon reserves, with primary emphasis on the secondary recovery, production enhancement and developmental exploitation of its acquisitions. The Company's focus is on creating value and income for its stockholders by utilizing advanced recovery technologies, along with sound engineering and a committed management team and has developed a proven growth strategy of identification, acquisition, and development of domestic hydrocarbon reserves. The Company will concentrate on acquiring prospects, which are, and have, proven oil and gas production which has been operating for many, many years. By acquiring working interests in proven low-risk fields the Company minimizes the risk by not \"wildcatting or drilling dry-holes\", and incurring any expense of building major infrastructure to get the product to market. Finally, The Company's low-cost operations and low overhead structure allows the Company to maximize the income and revenue from each production lease.\r\n\r\nSafe Harbor Provisions \r\n\r\nCertain oral statements made by management from time to time and certain statements contained in press releases and periodic reports issued by Northamerican Energy Group Corporation, (the \"Company\"), as well as those contained herein, that are not historical facts are \"forward-looking statements\" within the meaning of Section 21E of the Securities and Exchange Act of 1934 and, because such statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Forward-looking statements, including those in Management's Discussion and Analysis, are statements regarding the intent, belief or current expectations, estimates or projections of the Company, its Directors or its Officers about the Company and the industry in which it operates, and are based on assumptions made by management. Forward looking statements include without limitation statements regarding: (a) the Company's strategies regarding growth and business expansion,...