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Ness Energy International Announces First Oil and Gas Lease Purchase and Additional Corporate Officer Changes

Posted on: Thursday, 24 January 2008, 15:00 CST

FORT WORTH, Texas, Jan. 24 /PRNewswire-FirstCall/ -- Ness Energy International (Pink Sheets: NESS) (NESS) announced today bringing online the first producing oil well on the Rogers Lease in Young County, Texas. NESS completed the purchase of this lease on 22 January 2008. The lease includes 13 producible wells in addition to 1 water injection well on 137 acres. The terms of the transaction were not disclosed.

Mr. Alan D. Stricklin, who is the President/CEO/Chairman of NESS, was present when the well began producing oil. Mr. Stricklin stated, "This lease represents one of a sector of leases we will be looking to acquire in the future. This sector of interest will typically be older leases with wells that are presently producing or can be made to produce. This type of lease will have the acreage and formations that could produce a steady flow of oil and/or natural gas. These leases will also give us the opportunity to drill additional wells on existing acreage. These types of wells are considered 'stripper wells', meaning they produce less than 10 barrels of oil per day. However, a well that produces 5 barrels of oil in today's market will make a reasonably good income stream for the company. NESS is presently looking for additional acreage and wells that fit in this sector.

"Presently NESS is also looking for opportunities to acquire additional producing wells and leases. With many companies looking for large production projects, the smaller wells and leases provide situations that engender a stable base for a growing oil and gas company."

It was further announced that Mr. Stricklin is President, Chief Executive Officer, and Chairman. All other former officers of the company had resigned prior to Mr. Stricklin assuming management of the company. This includes the resignation of Mr. Anthony Allenby as Chairman and CEO, Mr. Rick Hoover as Chief Financial Officer, Cary Hughes as Chief Operating Officer, Executive Vice President Interim Secretary, and the resignations of Yolanda Garcia and George O'Donnell as directors.

Forward-Looking Statements

This news release includes forward-looking statements. Actual results could differ materially from those contemplated by such forward-looking statements as a result of any number of factors and uncertainties, many of which are beyond the control of the company. Important factors that could cause actual results to differ materially from those in such forward-looking statements are enumerated in the company's registration statement filed with the Securities and Exchange Commission. Undue reliance should not be placed upon any forward-looking statements, and the company undertakes no obligation to update those statements.

CONTACT: Ness Energy International, Inc. (817) 550-1704 or information@nessenergy.com Visit us on the web at http://www.nessenergy.com/

Ness Energy International

CONTACT: Ness Energy International, Inc., +1-817-550-1704,information@nessenergy.com

Web site: http://www.nessenergy.com/

Source: PRNewswire-FirstCall

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