Western Logic Resources WLT-VSE $$$ Message Board

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Gold/Mining/Energy : Western Logic Resources WLT-VSE $$$

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To: gholst who wrote (97)	6/30/1999 2:31:00 PM
From: pete meyer	Read Replies (1) of 112

Can someone tell me what this means?? Western Logic Technologies Inc WLT VSE Add to Portfolio June 30, 1999 Drilling Ahead WESTERN LOGIC RESOURCES INC ("WLT-V;WLGRF-L") - Drilling Ahead Western Logic Resources Inc. ("Western Logic") is pleased to announce that its current well, Texalta Western Logic Queensdale 9-26T-6-2W2M, is drilling ahead at 1534 meters. The Devonian Birdbear formation was encountered at 1496 meters. The well site geologist reports that the Birdbear samples had "good integranular moldic porosity, good intercrystaline matrix porosity" with "variable amounts of sucrosic dolomite" and "medium brown oil stains". The gas chromatograph recorded a mud gas kick over the prospective 12 meter interval. An offset well, the 5-27-7-6W2M well, has produced in excess of 607,000 barrels of oil from the Birdbear formation. The well is being drilled with an oil based mud system, designed to decrease formation damage while drilling. The well is currently prognosed to reach a total depth of 2500 meters after evaluating the Winnipegosis, Red River and Winnipeg Sand formations. TEL: (403) 290-1950 John N. Campbell, Western Logic Resources Inc. F AX: (403) 290-1959 ______________________________ (c) Corporate Dissemination Services Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-3041. This Report Updated by Canstock at 11:10:05 Pacific Time

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