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Gold/Mining/Energy : Pallaum Minerals (ASE:PLM)
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To: J. Kittle who wrote (526)1/26/2000 9:16:00 PM
From: MrsNose  Read Replies (1) of 536
 
Look...I found a news release on their site...wasn't any where else that I looked.

Tuesday, January 25, 2000

#23 Smedes Well Drilling Update
PALLAUM MINERALS LTD ("PLM-V") APACHE CORP ("APA-BHDNPQX") - #23 Smedes Well Drilling Update

Stanley R. Ford, President of Pallaum Minerals Ltd. announces that Apache Corporation, Operator has advised the drilling operation of the #23 Smedes well in St Martinville Parish, Louisiana is proceeding in schedule.

The drilling operations, which includes the drill set up, the drilling of a water supply and the drilling and cementing of the first 123 feet of casing, has been completed. The drilling contractor is scheduled to reach the contracted depth of 5,800 feet by the 26th week-end.

Pallaum will continue to advise the results of the drilling operations as they become available. Pallaum has a 15% interest and Trans Asia Resources has a 25% interest in the well.

The Company has granted a 100,000 stock option to an individual for a two year period at an exercise price of $0.25 per share. The granting of the stock option is subject to the approval of regulatory authorities. TEL: (604) 687-6257

Pallaum Minerals Ltd. FAX: (604) 687-0384

Stanley R. Ford, CEO & President INET : pallaum.com EMAIL: info@pallaum.com
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