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Gold/Mining/Energy : Smoky/Boltan Natural Gas Exploration Play

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To: Kerm Yerman who started this subject5/10/2002 10:46:00 AM
From: Richard Saunders   of 32
 
Not great news....... to date.

Meota Resources Corp. and partners announce status of Boltan well

(TSE:MRZ)

CALGARY, May 10 /CNW/ - Meota Resources Corp and its partners
announce that the completion of the Meota Olympia et al Boltan well located at
09-09-59-02-W6M has to date not established commercial production of natural
gas. With poor surface conditions at the well location, further testing of the
Nisku Leduc and uphole zones has been suspended until surface conditions
improve.
The partners, trading symbols and their before payout working interests
in the well are Meota (MRZ-TSE) 27.5%, Olympia Energy Inc. (OLY-TSE) 26.67%,
Nation Energy Inc. (NEGY-OB) 25.0%, High Point Energy Inc. (HPEa-CDNX) 8.33%
and Birchill Resources Limited (a private company) 12.5%.
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