NESS ENERGY INTERNATIONAL, INC.

UPDATE

We are pleased to announce that as of the week of July 30th, 2018, all of the remaining required accounting information and documents were submitted to the auditing firm. We estimate it will take about two weeks for the auditor to process the information, submit a draft and then complete the audit. As stated in previous updates, once the audit is completed then the process will begin to engage the services of a Market Maker in order to complete and submit the application to the SEC. I am not comfortable with estimating the time that will be required to complete the remaining steps in the process. We are working as swiftly as possible to accomplish all that is required to complete and submit the application to the SEC. Once the application is submitted, the SEC examiner will begin the process of evaluating it. They have to respond within 30 days to the application in which to submit any questions and/or requests for additional information and 30 days to reply after we respond each time. The remaining steps of this process may require several more months to complete.

Other good news is that the sale of the Preferred stock has reached its maximum. We can no longer sell Preferred stock from this offering. This is great news as these funds are critically important and should allow us the means to cover the budget to complete the audit and bring us closer to completing the application process. We are now considering a second Preferred stock offering at a lower dividend/interest rate as we do not know exactly how long we will need to cover expenses until Ness can begin trading. Another reason we are considering the second offering is because we continue to have individuals submitting indications of interest that desire to purchase Preferred stock. We will update the webpage if and when the second Preferred stock offering is ready. We plan on posting another update as soon as the audit is complete and a Market Maker has been engaged. Thank you to all of those who faithfully continue to pray for Ness in order for us to complete its mission for Israel and the return of the Diaspora.

In Jesus Name, 

David M. Boyce
President
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

UPDATE

After many months of searching to identify an accounting firm with experience in auditing smaller or startup public companies and would accept Ness Energy as a client, a firm has been selected.  We are pleased to announce the Board of Directors has approved the accounting firm to audit Ness Energy. An Engagement Letter has been executed to retain the accounting firm of Malone Bailey, LLP of Houston, Texas to perform the auditing requirements for the SEC Form 10 application.  

Upon completion of the audit, the last phase of the From 10 application process will be to identify and engage a Market Maker (see definition below) that will agree to accept Ness Energy as a client.  This firm will represent the company in this capacity and execute all of the duties that fall under its responsibilities.

Definition of Market Maker found on the SEC website:

A "market maker" is a firm that stands ready to buy and sell a particular stock on a regular and continuous basis at a publicly quoted price. You'll most often hear about market makers in the context of the Nasdaq or other "over the counter" (OTC) markets. Market makers that stand ready to buy and sell stocks listed on an exchange, such as the New York Stock Exchange, are called "third market makers." Many OTC stocks have more than one market-maker.

Market-makers generally must be ready to buy and sell at least 100 shares of a stock they make a market in. As a result, a large order from an investor may have to be filled by a number of market-makers at potentially different prices.

 

SPECIAL NOTE

Due to the longer than anticipated time required to reach this pivotal point in this application process, the cost of legal, accounting, transfer agent and consulting fees will require the full $100,000 to complete the application.  Therefore, we ask if there are any other Ness Energy stockholders interested in purchasing shares of Preferred Stock to assist in funding the remaining approximately $25,000 to reach the $100,000 maximum, please complete the attached Indication of Interest.  The requirements to purchase the Preferred shares are: $1,000 minimum investment and you must currently be a Ness Energy stockholder.  

Terms of the Preferred stock are:
$1.00 per share, 10% annual dividend with the option to convert the value of the Preferred stock into common stock at a 20% discount of the common stock.

We are so please to finally be at this point in the journey and look forward to being able to file the application as soon as possible. 
As always, thank you for consistently praying for the completion of the application and its speedy approval by the SEC.  
Our excitement grows as we step closer to resurrecting Ness for the purpose of discovering an oil field in the Southwest end of the Dead Sea so the mission/assignment can be achieved. The mission statement can viewed by clicking on the heading at the top of the webpage.

Sincerely,

David M. Boyce
President
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

UPDATE

We are pleased to announce that the Board of Directors and Chief Financial Officer have accepted positions with Ness Energy. These positions have been filled after many months of searching for individuals who are quality candidates that are well suited for and willing to assume the risk to serve as Directors and Officers of Ness Energy.  I, David Boyce will be the Chairman of the Board and President and there will be two independent Board Members and a Chief Financial Officer.

The independent board members are, Spencer Wilcox, 73 years of age and Owen Laughlin 66 years of age.  Mr. Wilcox and I traveled to Israel together several times through the years in support of Ness Energy with our first trip together with the founder of Ness Energy occurring in 1989. Mr. Wilcox has been in the oil and gas industry with experience in equipment, exploration and production for over 45 years. He served as chairman of the board of one of the most respected private Christian schools in the Oklahoma City area and is currently serving on the board of a non-profit international Christian Mission organization. Mr. Laughlin has practiced law with a broad area of experience in the states of Oklahoma and Texas since 1977.  In 1996 he was elected to the Oklahoma state Senate and served the northwest portion of the state for the maximum term limit of 12 years. In addition, he served for 19 years on the board of First National Bank of Higgins, Texas. In 2012 he was appointed General Counsel of the Oklahoma Insurance Department and was also appointed as the Director of the Receivership Office and managed the legal department there. Mr. Laughlin’s legal practice included many facets of the oil and gas industry and he has owned interest in oil and gas production and founded a business that serviced a particular facet of the oil and gas industry.

The board of directors elected Michelle Booth, 61 years of age as the Chief Financial Officer. She is a CPA and early in her career worked for a public accounting firm and then transitioned to private accounting focusing on oil and gas. Michelle has been employed as the in-house accountant for an oil and gas company in Oklahoma City for the past nine years and served on the Board of Directors there for two years.  In addition, Ms. Booth works as a consultant, resolving financial and accounting challenges for many private oil and gas companies. For the past five years, she has served on the Finance Board for St. John the Baptist Catholic Church in Edmond, Oklahoma and was Chairman for one year.  She is a member of the American Institute of CPA’s and the Oklahoma Society of CPAs.

With these most important positions of Directors and Officers filled the goal is to engage an auditing firm that will accept Ness Energy as a client.  The SEC Form 10 Application requires the company’s accounting be fully audited by a PCAOB certified accounting firm.  On December 6th we had a meeting in the offices of a smaller certified auditing firm located in Oklahoma City. This firm is considering Ness as a client, but has not yet made their final decision.  Several other smaller certified accounting firms have declined accepting Ness as a client due to the company’s current financial condition.  The search will continue and we ask that you pray one will be located soon.

After the auditing firm has committed to Ness the next goal is to engage a Market Making firm. There are very few remaining in the industry who are willing to serve penny stock companies. Due to the stricter government regulations imposed by the SEC after the financial crash of 2008 many small publically traded companies have been forced out of trading publically, thus reducing the number of Market Makers servicing the once vibrant market.  I was encouraged by the response of one such company after an extended phone conversation.  It was revealed in the conversation that this current Presidential administration is enthusiastically “pro small business” and that the SEC’s approval of Form 10 Applications for smaller companies may receive a more favorable assessment now than under the previous administration.  Encouragingly, Ness met several of the minimum standards of criteria set by this particular Market Maker.  As with engaging an auditing firm, please pray a Market Maker will accept Ness as a client very soon also.

All of us at Ness Energy want to thank you for the prevailing prayers for Ness’ to return to trading on a public exchange so it can accomplish its Mission of assisting and preparing for the Diaspora’s return to Israel. Ness’ Mission Statement is posted on the website and can be seen by clicking on the “About Us” wording at the top of the page.  The Mission Statement also includes all of the related scriptures that inspired and direct Ness’ divine assignment.

Thank you, again for your prayer and we in turn pray for the welfare of all our stockholders.  We wish you a Merry Christmas and a joy filled and prosperous New Year.

In Jesus Name,

David M. Boyce
Chairman and President
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

ANNOUNCEMENT

This communication is intended for current Ness Energy International, Inc. stockholders.

The results of the first well in the Cornerstone Prospect was not what was anticipated. There is opportunity to explore further on the lease block, but it will be several months before a decision will be made where to drill a second well. In order move forward now and not depend on the results of the next well to fund the process of returning Ness to trading publically again, a decision has been made to proceed as described below. This new action is being taken at the request of a number of stockholders who have often asked how they could purchase more Ness stock in order to help fund the cost of the SEC filing. Attached is an “Indication of Interest” letter to determine if there would be sufficient interest from stockholders in making an additional investment in Ness Energy at terms that would incentivize the additional investment to fund the legal work to return Ness to trading publicly. The primary use of the funds raised would be to cover all of the costs associated with getting the stock trading in the United States, such as, but not limited to, the following: legal, accounting, audit, market maker, transfer agent, consulting and other various expenses related to completing the process.

It is estimated it would require approximately $75,000 to complete the process. If enough stockholders show an interest in making an additional investment that would be sufficient to fund the outlined costs an offering will be prepared and sent to those who want to make an investment.

Funds collected greater than the amount of the outlined costs would be used to fund a small project or projects that would have an opportunity to produce income for the company and other ongoing expenses that may occur. Details of the type of investment being considered is detailed on the attached Indication of Interest. If you have an interest making an additional investment, so indicate by completing the form and returning it by email or print it out and return by regular mail to the address on the form. If there is sufficient interest to move forward, an offering will be mailed to those who indicate they have and interest. A prompt reply to this announcement would be greatly appreciated.

Sincerely,
David M. Boyce
President
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

UPDATE

I want to report some very encouraging news. A long time Ness stockholder who is a Believer and whose Jewish grandfather emigrated to the United States in the 1880’s gifted 300 troy ounces of silver coins and a $1,000 check to Ness Energy over about a ten month period of time. A total value of about $7,000. The silver coins arrived in four separate parcels beginning in the fall of 2015 through mid-2016. The giver communicated he was compelled to give the gifts to provide a modest amount of resources that could be used to assist in any way toward Ness’ future. The coins various arrival times were unexpected and random, but were always very encouraging and greatly appreciated. My morale jumped with the arrival of each gift because there has been no income or financial resources since taking over the company in 2008. There has only been expenses, primarily from legal fees.

With one of the last deliveries of coins the Giver included a letter that said "God specializes in taking a little and turning into a lot". The phrase jumped out to me and reminded me of the scripture:

Zechariah 4:10 Expanded Bible
10 The people should not think that small beginnings are unimportant [For who despises the day of small things?]. They [or These seven eyes] will be happy [rejoice] when they see Zerubbabel with tools [or his plumb line; or the chosen capstone], building the Temple.

The value of the gift was modest by any measure in the business world, but especially in relation to a company that claims it is called to discover an oil field in Israel. "For who despises the day of small things?" In reality, Ness had been abandoned and left adrift with no cash flow or assets and entangled in serious litigation and until the legal action was settled, was at risk of being taken over by predatory lenders. The company has been in the most humble and vulnerable of possible circumstances.

I would ask, Lord, "What do you want to use the value of the silver coins for?" I felt the gift had a special value that was both symbolic as well as monetary. In the first part of 2016 I felt impressed to begin to pursue a very shallow oil prospect in the United States that I had been made aware of in about 2004. I felt strongly it had come to me both in a divine manner and for a divine purpose. Over the last few months as I began the steps to qualify and research the oil prospect I found the confirmation I needed that it should be acquired and drilled. I then asked the Lord, "How do You want to pay the small amount of money required to obtain the oil leases?" After a short while, the clear sense I received was that the silver coins were the "small" and humble means required to fund the "little" lease acquisition. The number three hundred brought to mind a scripture where the same number, but of soldiers, that together with God’s blessings created a victory for Israel against overwhelming odds;

Judges 7:7 Amplified Bible, Classic Edition
7And the Lord said to Gideon, With the 300 men who lapped I will deliver you, and give the Midianites into your hand. Let all the others return every man to his home.

Ness now controls the oil and gas leases and is planning to drill a well on the Cornerstone Prospect. The process to raise funds to drill the first well will begin as soon as all the legal documentation is in order. This appears to be the "small beginnings". We must be reverent not to "despise the days of small things" as we resume the journey of accomplishing the primary calling of Ness. Of course, that calling is to discover a world class oil field in Israel for the benefit of the Diaspora returning there.

Concerning the important issue of returning Ness to trading on a public exchange, the estimated cost for professional services required to do so is approximately $75,000. As additional funds become available the process to complete the Form 10 application to the Securities and Exchange Commission will continue. A question, could oil production from the seeds of "small beginnings" become an oil field here in the U.S. and be the divine financial provision to move Ness toward the goal? Let’s continue to agree in prayer that we will receive God’s clear guidance and direction on His path to successfully accomplish the calling for Ness Energy International, Inc.

In Jesus Name,

David M. Boyce
President and CEO
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

UPDATE

The five months since the last update have ended the season of transition concerning Ness’ potential involvement with the private company. There was no resolution of the litigation against the private company and the settlement attempts failed up to this point. The plan for Ness to pursue a project owned by the private company has been cancelled. This is due to a combination of challenges that include the mechanical and economic risk involved with the project/wells located on the private company’s leasehold and the failure of the litigation settlement.

The business plan to return Ness Energy to trading on a public exchange will move forward, but without the private company or any of its projects. Hopefully, this change of plans will simplify the completion of the SEC Form 10. A few hurdles remain in order to successfully complete the SEC Form. The biggest hurdle at this time is obtaining sufficient funds for the legal and consulting fees required in the preparation of the SEC application. The legal costs suffered from the 2010 through 2014 Alpha Capital lawsuit was several hundred thousand dollars. This great legal expense exhausted available funds that we might have moved forward with; therefore, there is still no projected timeline as to when the SEC Form will be completed and filed.

It should go without saying, the foundation and focus of Ness Energy will always be to serve the Lord’s plan concerning Israel and the Jewish people. There is oil in Israel to be harvested for the needs of the country and for the support of the Diaspora’s return to and accommodation in their Promised Land.

My most sincere thanks to all those who continue to pray and stand with Ness.

For God so loved…, He took the most wonderful action and gave the greatest gift ever given in the history of mankind! I am thankful I am privileged to participate in the Grace of it all!

David M. Boyce
President and CEO
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

December 11, 2015

UPDATE

I want to thank the faithful "remnant" of Ness Energy stockholders who have continued to believe in the mission of Ness and send emails, letters and other tangible evidences of encouragement and prayerful support for the company. Your communications and support are appreciated more than I can fully express. Thank you so much!

Activities over the last six months have primarily focused on ending the partnership in the private companies which I have been doing business for the past eleven years. There is one pending legal matter that is currently being addressed in order to reconcile the issue. Upon reaching a mutually agreeable arrangement on this matter, steps will begin for the completion of the Security & Exchange Commission (SEC) application. The SEC’s approval of this Form 10 application is required to return Ness to trading on a public exchange. The goal is to have this legal issue brought to a positive conclusion by the end of 2015.

The onshore oil and gas exploration drilling in Israel has been relatively active in 2015. If this activity continues into 2016 it will be very positive for active oil and gas companies there as this will be an incentive for oil field services and equipment required for drilling and completion to be more readily available. Ness Energy will resume its pursuit of oil and gas at the south end of the Dead Sea as soon as its stock begins trading on a public exchange.

I pray that we all have a Christmas full of joy because of all we have received through God’s Son, Jesus. May we be resolute in the coming New Year to honor God and do all required to access the full benefits of His wonderful promises.

David M. Boyce
President and CEO
Ness Energy International, Inc.

A recommendation for Israeli news is: http://www.globes.co.il/en/

NESS ENERGY INTERNATIONAL, INC.

UPDATE

We are very pleased to announce all pending litigation against Ness Energy International, Inc. has been settled and dismissed. For the lawsuit that was filed in 2008 in the U.S. Federal Court, Southern District Court of New York: 08 Civ.5686 (AKH), a Satisfaction of Judgment has been filed, and the case has been dismissed. The lawsuit that was filed in 2010 in the Western District Court of Oklahoma has been settled and dismissed. A Settlement Agreement and Release has been executed in order to fully resolve and forever discharge any and all claims filed or that could have been filed in the action styled Alpha Capital Anstalt v. Ness Energy International, Inc. and others, case No. 10-1218 (WD Okla.). 

Under the Settlement Agreement and Release, Ness Energy International, Inc., the company that was traded publicly, is to be released from all of the claims and associated debts concerning loans signed in May of 2006, including any interest or penalty due under the terms of agreements, in return for the assignment of rights to the stock in Ness Energy of Israel, the private subsidiary of Ness Energy International, Inc. in Modi’in, and other associated rights in the pending lawsuit in the Central Area District Court of Israel, Civil File No. 40762-10-10. 

Plans for Ness’ full restoration and pursuit of its vision will proceed. As soon as materials change and/or newsworthy progress is made, an update will be posted on the website. Again, I want to say THANK YOU to everyone who has continued to pray and believe faithfully in the restoration of Ness Energy International, Inc. 

David M. Boyce
President and CEO
Ness Energy International, Inc.

NESS ENERGY INTERNATIONAL, INC.

UPDATE

On April 29, 2014, the Settlement Agreement and Release was signed that ended the litigation concerning Ness Energy International, Inc. and Alpha Capital. We are awaiting the last Satisfaction of Judgment from the federal court in New York. The last document was prepared by our attorney and submitted to the court on the 30th of September. It is expected to be signed by the judge and returned sometime within the next two weeks or so. Upon receipt of this last release, Ness Energy International, Inc. will be free of all litigation both in the U.S. and Israel. In the settlement, Ness was forgiven $1.2 million of debt and penalty in exchange for the assignment of the stock in Ness of Israel, which was the subsidiary that owned the stock in the holding company in Israel. Because two dry holes were drilled on two of the three offshore licenses held by Modi’in, with the professional opinion of a very experienced Israeli geologist, it was obvious there was no economic benefit to continue the litigation.

Upon receipt of the remaining Satisfaction of Judgment from the federal court in New York, the process will begin to return Ness to trading on a public exchange. We estimate it will be a three- to six-month process to obtain approval from the U.S. Securities and Exchange Commission; however, there is no guarantee of the time frame, as there may be other unforeseen issues to deal with before the approval is granted.

As always, thank you for your continued prayers for not only the restoration, but also the recreation and reestablishment of Ness Energy International, Inc.

David M. Boyce
President/CEO