LAKE SUCCESS, NY--(Marketwire - Jan 3, 2013) - Native American Energy Group, Inc. (OTCQB: NAGP) (the "Company" and "NAGP") today posted a letter to its shareholders on the Company's web site, found at www.nativeamericanenergy.com.
In the letter, senior management provides its shareholders with insight into key 2012 accomplishments, including:
- Removal of DTC Global Lock
- Balance Sheet Enhancements
- Settlement of Litigation
- Status of Enhanced Oil Recovery (EOR) Program in the Williston Basin in Montana
- Update on Coal Bed Methane Assets in Cook Inlet, Alaska
- Assessing EOR Opportunities in Oklahoma
Management also comments on NAGP's primary goals and objectives for 2013 and beyond, highlighting the following:
- Development of Its Valuable Energy Assets
- Formulating Effective Capital Formation Strategies
- Attaining Robust, Positive Cash Flow from Its Montana Enhanced Oil Recovery Projects
- Advancing Its Pipeline of New Business Development Opportunities
To view the letter in its entirety, please go to www.nativeamericanenergy.com/investors.
About Native American Energy Group, Inc.
Native American Energy Group, Inc. is a New York-based, energy resource development and management company.
Further information on the Company can be accessed on the web at the following links:
www.nativeamericanenergy.com, www.facebook.com/nativeamericanenergy and
www.youtube.com/nativeamericanenergy or via email at NAGP@hanoverelite.com.
Forward Looking Information
This release, as well as media publications and videos accessible on the NAGP's website and social media pages such as YouTube, Facebook or Twitter, include "forward-looking statements" as defined by the Securities and Exchange Commission ("SEC"). These forward-looking statements represent the Company's present expectations or beliefs concerning future events. The Company cautions that such statements are necessarily based on certain assumptions which are subject to risks and uncertainties, including, but not limited to, the timing and extent of changes in commodity prices for oil and gas, drilling, development and operating risks, counterparty risk, competition, environmental risks, litigation uncertainties, the availability of drilling rigs, workover rigs and other support services, legislative and/or judicial decisions and other government or Tribal regulations which could cause actual results to differ materially from those indicated herein. Further information on our business, including the risks inherent therein, is included in our filings with the SEC.