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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: brit2 who wrote (5575)1/29/2006 8:23:45 PM
From: Cogito Ergo Sum  Read Replies (1) of 78418
 
brit2,
I sold my Diaz for more Connacher. Do you have any exposure to SHY.V ?
biz.yahoo.com

:CALGARY, ALBERTA--(CCNMatthews - Jan. 10, 2006) - Sharon Energy Ltd. (TSX VENTURE:SHY - News) today announced that drilling operations have commenced at its Hound Dog Prospect, Lavaca County, Texas. The well, Camden Resources R. Dickson #2, was spudded on January 7, 2006 and is expected to take approximately 70 days to reach the proposed depth of 17,000 feet.
The well is located 2,150 feet southeast of its discovery well, the R. Dickson #1, but is a new pool wildcat targeting four deeper Wilcox zones, one of which tested gas in the offset R. Dickson #1 well. Sharon has a 25.3% working interest in this well.

The R. Dickson #1 well is currently producing at 3.8 MMcf per day and has a cumulative production of 0.65 BCF.

Sharon Energy Ltd. is a junior oil and gas company currently conducting active natural gas exploration programs in Texas, Alberta and Saskatchewan. Sharon is currently focused on exploring for natural gas in Alberta and deep Wilcox gas in Texas.



Al
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