U.S. Dept of Interior & Indian Affairs Approve Nationwide Oil/Gas Bonds

[NVMojo]

FOREST HILLS, N.Y., Aug. 22 /PRNewswire-FirstCall/ -- Native American
Energy Group, Inc. (NAEG) (Pink Sheets: NVMG) announced the approval of its
Nationwide Oil & Gas Bond by the United States Department of Interior (U.S.
DOI) and the Bureau of Indian Affairs (BIA). Being bonded with the U.S. DOI,
Native American Energy Group is now authorized to acquire, operate, develop
and produce oil and gas on all 562 federally recognized tribal reservations
throughout the United States.
Since January 2005, the Company has identified some 200 shut-in oil & gas
wells located on the Fort Peck, Fort Belknap & the Rocky Boy Reservations in
Montana. With the excellent rapport the Company has established with their
tribal councils, directors, and geologists, coupled with the available Montana
Oil and Gas Conservation data, we strongly believe these wells can and will be
brought back to their original production levels through our Enhanced Oil
Recovery (EOR) capabilities. This will establish a quick and strong 10 to 20
year cash flow for the Company. This can also provide unsolicited capital for
continued exploration for new production of oil and gas.
According to the Oil and Gas Journal, the United States had 21.9 billion
barrels of proven oil reserves as of January 1, 2005; eleventh highest in the
world. The U.S Department of Interior said forty Indian reservations own a
large percentage of U.S Oil & Gas reserves. They represent the largest mineral
owners in the country outside the federal government.

more...

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/08-22-2005/0004091951&EDATE=

[mikehiggins]

1. I don't know the details but I'm sure this is another screwing of

Native Americans. Just going by the last three hundred years of examples, is all.

[NVMojo]

2. I'll bet the devil is in the details as they say ...

Need to find out the name of the holding company for this Native American company, you know, investors, the like ...that's where the screwing lies ...