Mike / Sarcee Play
Yes, there were two releases. I also noticed they used different services.
MART RESOURCES, INC. ANNOUNCES INITIAL RESULTS OF TESTING
PROGRAM
CALGARY, October 25 /CNW/ - Mart Resources, Inc. (ASE:MMT) announced
today the initial results of its testing program at the company's Sarcee
9-1-23-4 W5 well located on the Tsuu T'ina Indian Reserve a few miles west of
Calgary. A test of the Crossfield member of the Devonian Wabamun formation
resulted in the recovery of formation water with no associated hydrocarbons.
The company is now in the process of testing the Mississippian Turner
Valley formation which is a major producing zone in the area.
Mart's partners in this venture are
Dynamic Ventures Ltd. 40%, Dalton
Resources Ltd. 10% and Neutrino Resources Inc. 10%.
Dynamic Ventures Ltd. (ASE:DVL)
Dalton Resources Ltd. (ASE:DAL)
Neutrino Resources Inc. (TSE:NTO)
OCTOBER 28, 1996
Mart Resources Encounters Gas at Sarcee Well
CALGARY, ALBERTA--Mart Resources, Inc. announced today that it has
encountered gas in the Mississipian Turner Valley formation on its
Sarcee 9-1-23-1 W5 well located on the Tsuu T'Ina Reserve, and is
in the process of flow testing the well.
Mart Resources, Inc. has a 40 percent interest and its partners in
this venture are Dynamic Ventures Ltd. (ASE:DVL) (40 percent),
Dalton Resources Ltd. (ASE:DAL) (10 percent) and Neutrino
Resources Inc. (TSE:NTO) (10 percent).
RJ Snyders Comments
Thanks Kerm, I guess a trickle of acid started the gas discharge Sunday
morning at 8:00AM PST, their going to let it flare for three days, after
the 3 days their going to swab the hole and give it a healthy dose
of acid to bring the gas pressure to full force. I guess the time
frame even up to the testing of the well will take the remainder of this
week, should hopefully have results by nexted week. But with the shoddey
PR work by Mart Resources I'm not holding my breath, I even think the
companies who have interests in this well are sick and tried of Mart's
shinanagans. Don't blame the other three parties, John Young and Robert
Leslie have drug this play out since they finished the hole in April,
as far as I'm concerned they might be kicking sheep chit before they
know it. My guessitmate is between 400-800 BCF Natural Gas, and 2-4 Million
Barrels of light gravity crude, where I get these numbers are from what
been discovered south and north of the Sarcee. Turner Valley 800 BCF
and 141 million barrels of oil since 1922, Jumping Pound West and East
1 TCF and 1.7 TCF Natural gas since 1961. These numbers may vary due to
different structures within the Crossfield and Turner Valley formations
and if they collide, this could become HUGE, maybe not a Hibernia but
a massive land based find none the less. Good Trading!!!
Dynamic Ventures C.DVL Subject;
Don't want to copy anything at their site. Refer to comment
# 57 and work upward.
Get back to me with your interpetation of what's developing here. |
