FIELD ACTIVITIES / Willow Creek Exploration Updates Wells
1998-02-25
CALGARY, ALBERTA
Willow Creek Exploration Ltd. ("Willow Creek") announces that after some
start-up delays, both equipment and weather related, the operator of its six
joint interest wells in Pelahatchie (25% working interest), and Gillsburg
(50% working interest) has reported that the wells are currently producing at
a combined rate of 130 BOPD (48 BOPD net to Willow Creek). For initial
testing purposes, two of the wells in the Gillsburg area are currently
producing only from the Lower Tuscaloosa zone. The company plans to dually
complete these wells, adding the Upper Tuscaloosa zone in each well. This
work will be carried out on one well in the next two weeks with the second to
follow after further testing. It is anticipated that this will add
significantly to daily production.
Management also announces that Willow Creek was granted approval for
inclusion in Standard & Poor's Corporation and Records Services effective
February 6, 1998. The initial description appeared in the "Daily News
Section" on February 20, 1998.
Willow Creek was listed on the ASE on November 14, 1997 and is carrying out
a program of re-entry and re-completion of existing wells, and has plans for
new drilling on its established properties over the next few months. Willow
Creek is also evaluating further potential low risk land and production
opportunities of a similar nature in Mississippi and elsewhere.
FOR FURTHER INFORMATION PLEASE CONTACT JOHN D. HAMILTON,
PRESIDENT AT (403) 233-8433 |
