Capital Hill Reports First Round Success
August 02 2005 - 4:00PM
Business Wire
Capital Hill Gold, Inc. (OTCBB:CHGI) reports that its previously
announced partner consortium, which is currently bidding on blocks
in the Nigerian 2005 Bid Round for onshore and offshore oil
concessions, has successfully passed the first round in the award
process in a potential 300 million barrel acquisition for petroleum
and natural gas. The company has learned that the partner
consortium has been deemed technically qualified, and will now
enter into the commercial bidding phase before the Nigerian oil
commission officials. This presentation is expected to occur within
the next four to six week period. Capital Hill's President, Dan
Enright states, "Crossing this milestone in the 2005 Nigerian Bid
Round is a significant step for our company in the award process."
Capital Hill's Nigerian partner is Oil and Industrial Services Ltd,
http://OIS-International.com . The OIS group employs around 400
personnel and are proud to include major companies such as Chevron
(NYSE:CVX), Shell (NYSE:RD), Mobile (NYSE:XOM), AGIP (NYSE:E) and
other world-renowned companies within its client base. Capital Hill
believes that embracing the energy resource markets with a view
toward market capitalization and its revenue potential, as a
prudent move for the company and its shareholders. With Oil rising
above $61 a barrel on the International markets on 8/01/05 the
company feels confident in it's progression forward. About The
Company Capital Hill Gold's strategic objective is to obtain
controlling interests in petroleum, uranium and other strategic and
precious metal properties with excellent exploration potential for
economically significant to world-class ore deposits. To reflect
the Company's emergence in the energy sector, the company has filed
to change its name to Amerimine Resources, Inc.
http://Amerimine.com. This press release contains statements, which
may constitute "forward-looking statements" within the meaning of
the Securities Act of 1933 and the Securities Exchange Act of 1934,
as amended by the Private Securities Litigation Reform Act of 1995.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the occurrence of unanticipated events or changes to
future operating results.
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