ADAIR INTERNATIONAL OIL & GAS, INC. Annual Report Highlights

Apr 18, 2001, 01:00 ET from ADAIR INTERNATIONAL OIL & GAS, INC.

    HOUSTON, April 18 /PRNewswire/ -- John W. Adair, Chairman of ADAIR
 INTERNATIONAL OIL & GAS, INC. (OTC Bulletin Board:   AIGI) stated, "The fiscal
 period from May 1999 through December 2000 represents major advancements in
 ADAIR's goal to become a substantial energy company."
     In the power area ADAIR is developing the 600 MW Teawaya Energy Center
 located on Native American lands in southern California in conjunction with a
 major power company.  In addition, eighteen additional sites are currently
 under assessment in conjunction with PACE GLOBAL ENERGY SERVICES of Fairfax,
 Virginia.  ADAIR has engaged PACE whose role is now expanded to providing
 risk, fuel, marketing, and power management services as well as the
 structuring of financial relationships with potential development fund
 lenders.
     SUPERIOR GEOPHYSICAL, INC., a wholly owned subsidiary of ADAIR has reached
 agreements to design, acquire and process 3D seismic programs in the United
 States, Gulf Coast Area.  SUPERIOR will manage, design, acquire and process
 between 100 and 200 square mile "Group Shoots."  This will place ADAIR in an
 ideal position for domestic exploration.
     ADAIR and ARKEL SUGAR INTERNATIONAL have signed a Memorandum of
 Understanding with the Yemen Free Zone Public Authority to build and operate a
 co-generation power plant with a sugar refinery in the Aden Free Zone.  The
 final feasibility study has been completed and construction will begin as soon
 as the final engineering is completed.  The project has been submitted to the
 International Funding Corporation, part of the World Bank Group.
     ADAIR, OCCIDENTAL PETROLEUM, and SABA YEMEM OIL COMPANY have made good
 progress on the Block 20 exploration in Yemen.  A major 3D seismic acquisition
 contract has been awarded to WESTERN GECO who will acquire a minimum of
 300 square kilometers of net data centered over the two areas where ADAIR has
 already mapped seven high quality prospect leads at the Alif reservoir level.
 Adair projects 360 million barrels of recoverable reserves from Block 20.
     The projected future net revenue from the current projects is estimated to
 exceed $450 million USD with others under evaluation at this time.
     This news release contains forward-looking statements within the meaning
 of Securities Litigation Reform Act that involve risk and uncertainties,
 including exploration, development, operational and marketing and
 implementation risks, and other facts described from time to time in the
 company's publicly available SEC reports which could cause results to differ
 materially.
 
 

SOURCE ADAIR INTERNATIONAL OIL & GAS, INC.
    HOUSTON, April 18 /PRNewswire/ -- John W. Adair, Chairman of ADAIR
 INTERNATIONAL OIL & GAS, INC. (OTC Bulletin Board:   AIGI) stated, "The fiscal
 period from May 1999 through December 2000 represents major advancements in
 ADAIR's goal to become a substantial energy company."
     In the power area ADAIR is developing the 600 MW Teawaya Energy Center
 located on Native American lands in southern California in conjunction with a
 major power company.  In addition, eighteen additional sites are currently
 under assessment in conjunction with PACE GLOBAL ENERGY SERVICES of Fairfax,
 Virginia.  ADAIR has engaged PACE whose role is now expanded to providing
 risk, fuel, marketing, and power management services as well as the
 structuring of financial relationships with potential development fund
 lenders.
     SUPERIOR GEOPHYSICAL, INC., a wholly owned subsidiary of ADAIR has reached
 agreements to design, acquire and process 3D seismic programs in the United
 States, Gulf Coast Area.  SUPERIOR will manage, design, acquire and process
 between 100 and 200 square mile "Group Shoots."  This will place ADAIR in an
 ideal position for domestic exploration.
     ADAIR and ARKEL SUGAR INTERNATIONAL have signed a Memorandum of
 Understanding with the Yemen Free Zone Public Authority to build and operate a
 co-generation power plant with a sugar refinery in the Aden Free Zone.  The
 final feasibility study has been completed and construction will begin as soon
 as the final engineering is completed.  The project has been submitted to the
 International Funding Corporation, part of the World Bank Group.
     ADAIR, OCCIDENTAL PETROLEUM, and SABA YEMEM OIL COMPANY have made good
 progress on the Block 20 exploration in Yemen.  A major 3D seismic acquisition
 contract has been awarded to WESTERN GECO who will acquire a minimum of
 300 square kilometers of net data centered over the two areas where ADAIR has
 already mapped seven high quality prospect leads at the Alif reservoir level.
 Adair projects 360 million barrels of recoverable reserves from Block 20.
     The projected future net revenue from the current projects is estimated to
 exceed $450 million USD with others under evaluation at this time.
     This news release contains forward-looking statements within the meaning
 of Securities Litigation Reform Act that involve risk and uncertainties,
 including exploration, development, operational and marketing and
 implementation risks, and other facts described from time to time in the
 company's publicly available SEC reports which could cause results to differ
 materially.
 
 SOURCE  ADAIR INTERNATIONAL OIL & GAS, INC.