Apollo Resources International, Inc. (OTCBB: AOOR)

Dear Reader,

At StockUpTicks, there’s no masking our affection for natural resource companies with the right combination of management and operations.  Frankly, the geopolitical climate, i.e. the price of oil and the devaluation of the dollar, makes natural resource stories such as Oil and Gas and Gold our top choices to bring to you, our dear reader.

Today’s profile, Apollo Resources International, Inc. (OTCBB: AOOR), fits the aforementioned model but offers one novel twist worth perusing.

You see, Apollo Resources is indeed an oil and gas company but it is diversified, even beyond the conventional definition of that word.  With operations here in the United States and successful drilling activities in Russia, it utilizes both locales to fuel, if you will, its production, which can be ramped to 1,000+ barrels a day.  Today’s news from Apollo further substantiates the company’s success in Kalinigrad, Russia.

But perhaps most intriguing about Apollo Resources is the fact that while it endeavors successfully in traditional exploration and production within the oil and gas arena, it is also currently pursuing the development and sale of alternative fuels.  And lest some skeptical reader suggest that this alternative fuel strategy is eco-friendly lipservice while the company pursues its fossil fuel driven business, consider that Apollo is already selling its biodiesel as an alternative fuel here at home.

So, in very short, you have a company with oil projects domestic and abroad while developing and marketing technologies in the alternative fuel arena.

If you like oil and gas as the editors of StockUpTicks do, then take a few moments to read today’s profile on Apollo Resources and be sure to review today’s potent news <add link> from the company as well.

We’ll be publishing much more on Apollo Resources in the days ahead.
 

About Apollo Resources

Apollo Resources International, Inc. (OTCBB: AOOR) is a diversified energy company headquartered in Dallas, Texas.  Apollo is engaged in the operation, acquisition, and development of traditional hydrocarbon assets while aggressively pursuing the acquisition and development of renewable forms of energy such as biodiesel and hydrogen technologies.  The company’s operations extend from New Mexico in the U.S. to the Kaliningrad province in Russia. 

Apollo's strategy is simple:  It is a next-generation energy company, rooted in a traditional hydrocarbon business, while evolving a capacity to replace nonrenewable energy with environmentally friendly alternatives.

The company’s operations include:

• Oil and natural gas exploration and production. 
• Midstream natural gas assets such as pipelines and gathering systems.
• Refining, storage, terminaling, wholesale distribution, and name brand fueling station operations of petroleum and biodiesel products.

The Industry

The closer any industry is to a raw commodity, the more evident the effects of supply and demand.  For oil and gas exploration and production, price and supply are the most evident elements of the equation.  They drive the industry today and dictate where the industry will be tomorrow.

Through 2004 and early into this year, supplies of light sweet crude oil have been stretched worldwide, especially in the United States.  A lack of refining capacity for oil, continued unrest in the Middle East, the growing appetite for crude oil in China and India, and various extraordinary events have all kept the price and supply of oil in the news.  Likewise, natural gas prices have been unstable since 2000 and continue to press upward.  However, gas and oil are two very different kinds of markets.  Oil is global, while natural gas is primarily influenced by local events.  Particular influences on natural gas are due to its growing desirability over that of coal (often a substitute in the production of electricity) – and the supply of coal is not expected to be able to keep up with demand.

Apollo's view on the future of the oil and gas industry is embedded in its strategy to help meet the challenges of the industry in which it operates - oil, gas, and alternative fuels – for today and tomorrow.
 

Alternative Fuels

 

In line with Apollo’s vision to help make the environment cleaner and to reduce dependence on imported oil, Apollo has acquired 50% of Earth Biofuels, Inc. and formed DeCarb, LLC. Earth Biofuels, Inc. is a producer, blender, and distributor of biodiesel fuels with annual revenues of $1.8 million.  It is a mature pioneer in a market that is now flush with government subsidies and tax incentives. Less toxic than table salt and as biodegradable as sugar, biodiesel is derived from vegetable oils.  It is readily mixed with fossil fuel based diesel.  Vehicles that use biodiesel immediately produce less air pollution and have required no major mechanical alterations to do so – a giant step in support of tougher new diesel exhaust emission requirements. DeCarb, LLC makes and distributes a low-cost, high efficiency propane fuel substitute that involves hydrogen fuel technologies. Tax credits and subsidies for the producers and blenders of biodiesel (the only EPA-certified alternative fuel that suits the requirements of Section 211 (B) of the Clean-Air Act) can be as high as $1.60 per gallon.

Operations in the U.S. and Russia

In the Four Corners area of New Mexico the Company has over 1.5 million barrels of oil in recoverable reserves within a field of 151 oil wells.  Work is focused on optimizing the oil production, as well as the development of 10 billion cubic feet of natural gas reserves. 

Early this year Apollo acquired about 1,800 miles of easements and pipelines in Oklahoma to be used to transport natural gas.  Among the areas these lines can service is the Woodford Shale and coal-seam gas plays in south-central Oklahoma and northeastern Oklahoma.  Both are known as important natural gas regions.

With the acquisition of JSC Kaliningradneft, a company located in far-western Russia, Apollo adds 4.32 million barrels of oil to its recoverable reserves.  Apollo’s experience and technology are being combined with a Russian government concession to 300 square kilometers of rich, but underdeveloped oil fields.  The growth potential for Apollo is enormous.
 

Today's *BREAKING* News From AOOR

Press Release 
Source: Apollo Resources International, Inc.
Wednesday March 30, 10:14 am ET

DALLAS--(BUSINESS WIRE)--March 30, 2005--Apollo Eurasia, Inc., a wholly-owned subsidiary of Apollo Resources International, Inc. (OTCBB:AOOR - News), today announced that its Russian subsidiary, Kaliningradneft, was granted a 303 square kilometer discovery permit based on its 3-D seismic results and successful discovery well.

"In conjunction with government geologists from the Natural Resource Administration, a series of test well locations will be selected and drilled to receive official certification of the total recoverable oil reserves in the discovery permit," explained Vladimir Kolavski, President of Apollo Eurasia.

Potential oil reserves have been estimated by the central natural resources committee of the Ministry of Natural Resources to be in excess of 9,500,000 barrels and have been confirmed by the British engineering firm, Helix RDS, hired by the Company to provide an independent report in English.

"This discovery is the result of Kaliningradneft's ongoing efforts to enlarge its reserve base in the Kaliningrad region to assure the Company of significant reserves and drilling locations to enhance its long term development program of significant number of wells," said Apollo Resources International President, Dennis McLaughlin.

Kaliningradneft is a 13 year old Russian exploration and production company that has been producing approximately 30,000 barrels of oil per month from its 300 square mile exploration and production license, which has government-certified reserves of 4.3 million barrels of recoverable oil.

Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources.

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Contact:

     Apollo Resources International, Inc.
     Investor Contact
     Doug Jones, 214-522-0915
 

Source: Apollo Resources International, Inc.
 
 

Other Recent News From AOOR

Press Release 
Source: Apollo Resources International, Inc.
Tuesday March 22, 10:30 am ET

DALLAS--(BUSINESS WIRE)--March 22, 2005--Apollo Resources International, Inc. (OTCBB:AOOR - News), following its on-site field inspection last week in Kaliningrad, Russia, today announced that it has finalized the acquisition of a 90% interest in the Russian oil production company, Kaliningradneft, through its wholly owned subsidiary, Apollo Eurasia, Inc.

Kaliningradneft holds an exclusive exploration and production license from the Russian government that covers approximately 300 square kilometers in the Kaliningrad region, where the company has been producing approximately 30,000 barrels of oil per month to fulfill annual European Union purchase contracts.

"I believe the growth potential for Apollo is enormous," stated its CEO, Dennis McLaughlin, upon returning with the due diligence team from Russia. "The company we acquired has government-certified recoverable reserves of 4.32 million barrels of oil, and is a well run operation. I am very pleased."

The Chairman of Kaliningradneft, Vladimir Kovalski, said, "We look forward to a productive merger of industry expertise and local knowledge. I believe Apollo's technical input will help accelerate our annual drilling programs. The Tengry Group, our management consultants for the past two years, provided invaluable assistance in properly preparing Kaliningradneft for the deal with our new western partner," he added.

Head of Apollo operations, Wayne McPherson, said, "Kaliningradneft is an impressive oil production operation. I believe there are great opportunities to work with our new Russian counterparts to enhance the fine job they are doing in the Kaliningrad oil field. We expect to increase the overall production by implementing a more aggressive drilling program."

Mr. McPherson worked 14 years for ExxonMobil. He has varied oilfield experience including production superintendent, surface facilities engineering, and down-hole drilling engineering. He joined Apollo Resources International as its Chief Operating Officer in December of 2004.

Apollo Resources International is a public energy company focused on the acquisition and development of upstream oil & natural gas production assets. Additionally, the Company evaluates and develops existing and future alternative energy sources.

This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Contact:

     Apollo Resources International, Inc., Dallas
     Investor Contact
     Doug Jones, 214-522-0915
 

Source: Apollo Resources International, Inc.
 

Financial Highlights For AOOR

 
 

CONTACT

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