Vulcan Minerals - C.VUL Message Board

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Gold/Mining/Energy : Vulcan Minerals - C.VUL

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To: Buckey who wrote (275)	8/20/1999 3:15:00 PM
From: Cyber Rock	Read Replies (1) of 415

Significant information in the Telegram Report, today, by the Business Editor, Chris Flannigan. see: thetelegram.com Here are the key point with my own emphasis added. 1. A small drill rig known as a cable rig has reached a depth of about 79 meters 2. ... looking for oil ...in the area where we located some oil previously with a mining rig 3. ... encountered oily sandstone 140 meters down at a slim hole just 100 meters from the current well. 4. ... earlier this year when PanCanadian Petroleum Ltd. of Calgary encountered only salt water in a $11.5-million well at Shoal Point. 5. ... Canadian Imperial Venture Corp., is conducting seismic work and plans to drill the west coast this year. 6. ... Vulcan's target is in a different basin ... a totally different sequence of rocks 7. ... testing a new model in western Newfoundland. ... searching for several small reservoirs. For a characteristically understated Laracy, this is as good as it gets: Quote: " ... there's a petroleum system there, Laracy said. Mark my words, it's just a matter of time. We're very early in the game in western Newfoundland and the story is far from over, I can assure you." This is Cyber Rock

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