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 : Tappit Resources Ltd ( TPT )
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: David Michaud who wrote ()9/8/1999 2:08:00 AM
From: D. Bryan  Read Replies (2) of 15
 
*NEWS RELEASE*

Tappit Resources Ltd. Announces Fall Drilling Program, September 7, 1999

Tappit Resources Ltd. is pleased to announce its fall, 1999 drilling program which will see twelve gross (7.2 net) wells drilled in its core areas of Northeast Alberta and Southeast Saskatchewan. Tappit has allocated $ 2.0 million to this drilling program which could be increased as required to drill additional follow-up locations.

Tappit's recently drilled 100% gas well was tested at 2.1 mmcf/day. We expect initial production rate to be 750 mcf/day (75 Boepd). We plan to drill an additional three (net) gas wells in NE Alberta this fall. Tappit has production facilities in the area with ready access to markets.

At our Tatagwa, Saskatchewan core area Tappit plans two horizontal wells at approximately 36% working interest. The first well will begin drilling this week. Tappit operates two sales line connected batteries in the area.

At Tappit's 65% owned Queensdale light oil play in Saskatchewan we have four (2.6 net) wells scheduled. These wells are being drilled on seismically defined features. We expect to drill additional follow-up infill wells in late fall and winter. Tappit has a sales line connected battery in the area.

In addition to the above locations, Tappit has three additional wells slated for Southeast Saskatchewan light oil areas this fall.

The company is looking to make a significant production acquisition in the 4th quarter. Management is currently evaluating properties in the 500 - 750 Boepd range.

For additional information on this release or the Company, call David Owen at 1-800-667-4311

TAPPIT RESOURCES LTD.
"signed"
PER: "LAWRENCE BINTNER, PRESIDENT"
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News