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Gold/Mining/Energy : Tappit Resources Ltd ( TPT )
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To: D. Bryan who wrote (9)9/15/1999 8:08:00 PM
From: David Michaud  Read Replies (1) of 15
 
Tappit increases production from acquisitions

Tappit Resources Ltd TPT
Shares issued 46,315,532 Sep 14 close $0.40
Wed 15 Sept 99 News Release
Mr. Lawrence Bintner reports
Tappit Resources Ltd. has made production acquisitions from several
partners, which increased the company's holdings in its core areas of
southeast Saskatchewan. These properties, purchased at a cost of $330,000,
are producing 50 barrels of oil a day, bringing Tappit's current production
to 1,270 b/d.
Tappit's 12-well fall drilling program is under way. The second well in the
program, a horizontal well at Tatagwa (Tappit, 36-per-cent interest) began
drilling Sept. 13. The well will require an estimated 10 days to drill.
Tappit has two gas wells in Alberta awaiting production permitting and
tie-ins. The wells are expected to produce a total of 100 barrels of oil
equivalent per day.
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