SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KERM'S KORNER
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kerm Yerman who wrote (15056)1/27/1999 8:27:00 PM
From: Herb Duncan   of 15196
 
FIELD ACTIVITIES / BXL Energy Ltd. Activity Update

ASE SYMBOL: BXL

JANUARY 27, 1999

CALGARY, ALBERTA--BXL Energy Ltd. announces that 1998 production
averaged approximately 730 barrels of oil equivalent (boe's) per
day, comprised of 3.5 million cubic feet per day of natural gas
and 380 barrels per day of oil and natural gas liquids, which is
an 87 percent increase over 1997 production of 391 boe's per day.
BXL anticipates first quarter 1999 production to average 775 boe's
per day, split as to 55 percent oil and natural gas liquids and 45
percent natural gas.

BXL's winter drilling program is underway and has to date resulted
in one (0.24 net) oil well and one (0.50 net) suspended gas well.
In late December 1998, BXL suspended operations at Wild River
where a new pool wildcat encountered fresh water and sub economic
rates of natural gas. The production test indicated that the
reservoir was damaged, possibly due to water flow from a nearby
wellbore. Evaluation of the Wild River prospect continues and
additional field work will likely commence in the spring/summer of
1999.

In January 1999, BXL drilled a successful oil well at Gift/Little
Horse which is expected to come on stream in February, adding
approximately 30 barrels of oil per day to the company's
production base.

The balance of BXL's winter drilling program includes two (0.48
net) wells at Gift/Little Horse and two (0.25 net) development gas
wells at Wilson Creek.

BXL Energy Ltd. is engaged in the acquisition, exploration and
production of oil and natural gas reserves in Alberta. BXL is
listed on The Alberta Stock Exchange and has 22.4 million common
shares outstanding.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News