CORP. / Range Petroleum corporate Update
VANCOUVER, Dec. 23 /CNW/ - Range Petroleum Corporation
VSE: RAN
Two Geophysicists Join Range Exploration Team
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The Company is pleased to announce the addition of Mr. David D'Amico,
M.Sc. Physics and Ms. Marilyn Jane Mawdsley, BSc. P.Geoph. P.Eng to Range's
Exploration Team.
Since graduating with his Masters in Science and Physics from the
University of Alberta, Mr. D'Amico has spent 11 years with Amoco Canada as an
Exploration Geophysicist. During this time, he was involved in generating
large Devonian structural and stratagraphic opportunities in the SlavePoint,
SwanHills, Leduc, Nisku and Wabamun in the Western Canadian Sedimentary Basin.
Mr. D'Amico has been directly involved in developing the cost-effective
approach to seismic acquisition known as Sparce 3-D. In addition, he has
extensive experience in all other aspects of seismic design, acquisition,
processing and interpretation. D'Amico will bring to Range, a strong
background in seismic processing and interpretation, encompassing every aspect
of exploration in Canada.
Ms. Mawdsley joins Range after 12 years with PanCanadian Petroleum Ltd.
From 1996 to date, Ms. Mawdsley was staff Geophysicist assigned to
PanCanadian's Australian exploration team evaluating prospects on Australia's
northwest shelf. She was responsible for interpreting seismic extensional
structures of Jurassic age within the Carnarvon Basin in the Indian Ocean and
the Bonaparte Basin of the Timor Sea. Prior to this assignment, she was
senior geophysicist generating drillable prospects in the Western Canadian
Sedimentary Basin. Her areas of expertise include identifying Swan Hills,
Leduc and Nisku reefal structures.
The experience and skills Mr. D'Amico and Ms. Mawdsley bring to Range
will strongly compliment its exploration team as it focuses on large Devonian
reef opportunities in the Western Canadian Sedimentary Basin.
Sturgeon Lake, Alberta
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Range Petroleum Corporation announces that it intends to join with its
partners and participate for its 24.25% share of an extensive 3-D program in
the North Sturgeon lake Area of Alberta. The proposed 3-D program is designed
to delineate several Devonian (D-2 and D-3) geological and geophysical leads
already identified by the Company. Drilling of prospects confirmed by the
planned 3-D geophysical program would be scheduled for the second half of
1998.
In this same area, Range and its partners have had to temporarily suspend
drilling operations on the 5-35-70-24 W5M well due to pre-existing contractual
commitments on the drilling rig. The drilling rig is committed to be on site
for winter drilling in the Northwest Territories early in the New Year.
Operational difficulties in drilling the 5-35 well resulted in unexpected
delays which make it necessary to release the rig at this time to safely meet
the time commitment. Operations will resume as soon as drilling equipment can
be returned to the area.
Whitecourt, Alberta
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In the ''Sundance Play'' Range has recently acquired 100% working
interest in 480 acres covering a significant seismically controlled Devonian
anomaly (approximate potential, 50 bcf). The Company has acquired 2-D seismic
and will conduct a 3-D seismic program early in 1998 to delineate the
prospect.
Progress, Alberta
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The Company is on a day-to-day waiting list for a drilling rig. This
well will now be drilled in early 1998. (Please see news release dated
November 25, 1997.) |
