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 (8593)1/21/1998 8:16:00 PM
From: Kerm Yerman   of 15196
 
FIELD ACTIVITIES / Storm Energy Announces Joint Venturre

STORM ANNOUNCES JOINT VENTURE

CALGARY, Jan. 21 /CNW/ - Storm Energy Inc. (''Storm'') announces that
the company has entered into a joint venture with an intermediate oil company
to explore an area covering approximately 70 sections of land in the very
active Seal/Dawson region of Alberta. The joint venture currently has access
to 23 sections of land and 25 sections of 3D seismic. Under the terms of the
agreement, Storm will have a 45% W.I. in the joint venture.

In the area there are many wells producing light, sweet oil from the
Slave Point formation at rates of 400 to 600 bopd. Storm expects to be busy
in the Seal/Dawson area in 1998 with the drilling of 3 to 5 wells and the
shooting of additional seismic. Five drilling locations have already been
identified and the first well is expected to spud in early February.

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