With the Rocky Mountain's oil & gas drilling activity booming and a shortage of equipment, EMFI intends to import Russian rigs into the region. EMFI said they plan to import newly built rigs from Uralmash, Russia's larger manufacturer of drilling equipment. The most popular rigs sell for between US.$ 8 million to U.S.$ 10 million, and lease rates can run up to U.S.$ 12,000 a day as compared to the current average of U.S.$ 17,000 a day.

EMFI and Amerossi Energy have teamed up to procure new API-certified drilling rigs from Russian company Uralmash to be provided to U.S. drillers, upstream operators, and other industry participants in the U.S. Rocky Mountains.

Amerossi Energy Corp (Amerossi) has retained Emerging Markets Finance International LLC (EMFI) to sell drilling rigs to U.S. drilling companies, oil & gas upstream operators, and other industry-related entities that will be manufactured by Uralmash-Drilling Equipment of Russia. Uralmash is Russia’s leading manufacturer of heavy drilling rigs, and a significant producer of drilling tools. Major customers include Gazprom, LUKoil, TNK-BP, Surgutneftegaz, Burgaz, Sibneft, Rosneft, and Tatneft. More information about Uralmash can be found at http://uralmash.ru/buro_e.htm. All of the these rigs will be API certified (the only drilling rig manufacturer in Russia that has that certification), and most of the rigs will use engines and other critical equimpment made by Caterpillar or GE, so the availability of spare parts should become less of a problem. Amerossi has the capability to supply at least 2 rigs per month with construction and delivery time of less than 6 months. Amerossi also has established an arrangement with Russian oil & gas company Tatneft to provide drilling rig crews, if necessary. Drilling rig specifications, and the proposed terms and conditions of sale, lease, or procurement, are available from EMFI’s Denver, Colorado USA office by contacting Mr. John Works, Managing Director, at Phone: +1.720.932.8866, or Email: johnworks@emfi.biz.

With Chinese drillers working in western Colorado, Russians want into the rush to drill for the natural gas in and around Western Colorado’s Piceance Basin. Amerossi Energy Corp., with offices in Moscow and Woodland Hills, Calif., can deliver rigs and crews to the Western Slope by mid 2006, said Greg Rubin, CEO of the company, which is associated with Uralmash-Drilling Equipment, a leading manufacturer of heavy drill rigs and tools in Russia. Amerossi, (www.Amerossi. com) is gearing up for its American venture with a Russian oil company, Tatneft, (www.tatneftjsc.ru) which is listed on the New York Stock Exchange and headquartered in the Republic of Tatarstan, Rubin said. The Amerossi board includes a Colorado resident, John Works, Managing Director of Emerging Markets Finance International LLC, based in Denver, Colorado USA.

Continental Energy Corporation (CPPXF) announced that it has signed an agreement with Emerging Markets Finance International, LLC (EMFI) based in Denver and London to arrange $5,000,000 of project financing for its Bangkudulis Field Development Project in East Kalimantan, Indonesia.

A new entrant into the Denver private capital arena is Emerging Markets Finance International LLC, an advisor and arranger of private capital for U.S., Canada, and London-based independents looking to fund energy projects abroad.

"Our focus on arranging capital for international energy projects stems from the challenging nature of it and my own prior experience," says John Works, EMFI managing director.

Previously, Works was head of the international producer finance division for Shell Capital in Houston; president and chief executive officer for Rompetrol, the largest privately held oil company in Romania, and deputy head of the project finance advisory group for ABN Amro Bank, focusing on energy financing in Russia and central Asia.

"The type of private capital we try to access for Western energy companies covers the entire financing spectrum," he says. Recently, the firm was closing on a $2 million private equity advisory for a private Houston driller seeking to acquire a rig for onshore operations in West Africa, and a $5 million convertible debt advisory for a publicly traded Canadian producer with an exploration and development project in central and eastern Europe. Also, it was arranging a $15 million project financing for another Canadian operator.

More recently, EMFI has been advising on respective $20 and $80 million private equity infusions for a private Houston energy company that is developing a block in the Gulf of Mexico and acquiring power plants in South America.

"Although our initial preference has been to help North American independents access private capital for international projects, we're very interested in domestic E&P projects," insists Works. "We want to assist any sound operator with a proven track record and an experienced management team that has the know-how to perform workovers, recompletions, development and exploratory drilling, and cut costs and substantially enhance revenues."

Enter Emerging Markets Finance International--which aims to fill this $5-$50 million gap by securing finance for qualified companies in the world’s oil & gas emerging markets, spanning the full range of financial instruments from plain vanilla senior debt to highly structured project equity.

“We are specifically targeting as clients small companies that have managerial expertise, technical capability, and a proven track record of successfully exploiting some of the world’s most challenging hydrocarbon basins. These companies understand the need to expand to the next level of growth, and likewise the need to retain experienced advisors to raise substantial external finance to enable their growth aspirations,” observes John Works, founder & Managing Director of EMFI. “Commercial banks don’t have the breadth of experience to grow with these clients, and at the same time, the large investment banks won’t typically take on as clients those who fundamentals do not demonstrate an ability to raise at least $50 million of external finance. Therefore I believe that my new company will fill an important gap in the finance-raising chain.”

EMFI, in only its first month of operation, currently boasts three fee-paying clients--one in Russia, another in Eastern Europe, and the third in South America. Mr. Works says that his firm is extremely selective in the clients it represents and the deals it agrees to finance. EMFI’s fee structure is heavily “success fee” oriented, meaning that while it does charge a monthly retainer fee, the bulk of EMFI’s earnings are expected to come from raising finance and closing successful deals. “With a low overhead, 'lean and mean' specific client focus, coupled with senior level relationships that we have cultivated over many years with most of the major players in the international financial markets, EMFI offers an extremely competitive market advantage,” states Mr. Works.

About EMFI
Led by founder & Managing Director John Works, Emerging Markets Finance International (EMFI) is a leading emerging markets international energy advisor and arranger, with oil & gas as its core area of expertise. The EMFI team is one of the world’s leading oil & gas financial advisors and arrangers for international emerging markets projects, and has developed a solid reputation in the marketplace for advising and arranging equity finance for quality projects. EMFI’s long-term experience in the oil & gas sector, and more specifically its intimate knowledge of Russia, Eastern Europe, Central Asia, the Middle East, North Africa, West Africa and South America regions, makes the firm extremely well suited to act as financial advisor and arranger for a wide variety of financial projects. For complete information online, visit www.emfi.biz.

John Works has assisted Denver's Financial Education and Economic Transformation Center in its submission of it application on September 30, 2003 to the U.S. Treasury Department to request an allocation of up to $1.5 billion of New Markets Tax Credits. The New Markets Tax Credit Program creates a 39% tax credit for equity investors in Community Development Entities.

A substantial part of the tax credit is anticipated to be used to assist Denver’s Regional Transportation District realize its "FasTracks" plans to develop and enhance new and existing rail transit infrastructure located in low income areas of Denver. The tax credit also will be used for loans to faith-based organizations in low income communities, as well as financial counseling services.

The Financial Education and Economic Transformation Center is affiliate of the Greater Metropolitan Denver Ministerial Alliance. The Ministerial Alliance is a not-for-profit organization whose membership includes over 60 faith-based organizations and more than 50,000 parishioners located in or that service disadvantaged communities located in the Denver metro area. Since its inception in 1996, FEET has provided technical assistance to disadvantaged businesses and faith-based organizations in disadvantaged communities in the Denver metro area.

Enable America, a non-profit organization serving the needs of the mentally and physically handicapped, received a substantial gift from Arapahoe County philanthropist John Works to enable the organization to hold Town Hall meeting where many representatives of the local disability community made presentations during a day-long conference.

Enable America works in partnership with people with disabilities, elected officials, educators, government agencies, and employers to assist people with disabilities in achieving greater independence through opportunities for employment, civic involvement, and community participation.

Over 200 citizens from Colorado attended the Town Hall meeting, whose speakers included Denver Mayor John Hickenlooper, state legislators, local leaders, and activists from within the disability community.

From 1990-96 John Works volunteered his legal talent as the Chancellor, or chief legal advisor, on behalf of the Episcopal Diocese of Long Island, the Episcopal Church's third largest diocese in the United States. The job entailed advising the Right Reverend Orris G. Walker, Jr., Bishop of the Long Island Diocese, which comprises 155 parishes in Brooklyn, Queens, Nassau, and Suffolk counties, on its legal matters. The Long Island Diocese is one of the most diverse Episcopal Dioceses in the nation. Works and Walker were the youngest members of the Episcopal Church ever to hold their respective positions.

Within the official structure of the Episcopal Church, the Chancellor and the Bishop help members adhere to issues concerning the doctrine, discipline, and worship of the church. Works' role as chancellor pertained mostly to legal issues. For example, he interpreted the Episcopal Constitution and Canons, which are constructed much like the Constitution of the United States. (Both were written at about the same time by many of the same individuals.) The Bishop also asked Works to advise him and other members of the governing boards of the Diocese's corporate affiliates, taking into account its unique blend of spiritual and secular activities.

Works' role exposed him to a number of challenging issues. For example, he supervised an important sexual harassment case brought against a senior priest of the Diocese. The experience resulted in many improvements to the disciplinary canons of the national church. Also, only one week into his term as Chancellor, the Diocese's Cathedral Church faced a severe cash flow crisis because of a heavy debt burden incurred in a futile effort to keep a church-owned school open. The Cathedral subsequently filed for bankruptcy protection, which was the largest bankruptcy of any church or institution in the Episcopal Church.