Western Logic Resources WLT-VSE $$$ Message Board

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

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To: Shawn Barr who wrote (5)	4/5/1997 4:22:00 PM
From: Bruno	of 112

Hello Shawn! The news release dated April 1, 1997 dealt with the drilling of a development well offsetting production in Tatagwa, Saskatchewan.The release reads as follows: Western Logic Resources Inc - News Release Development well to be drilled Western Logic Resources Inc WLT Shares issued 8,188,908 Mar 31 close $0.25 Tue 1 Apr 97 News Release Mr John Campbell reports The company is slated to drill a development well offsetting its current producing well in the Tatagwa/Colgate area of Saskatchewan. The well will be drilled to a depth of 1,538 metres to evaluate the P&NG potential in the Midale/Vuggy formation. Initial production is expected to be 70 bopd.Drilling is expected to begin on or about May 18 1997, subject to rig availability. Western Logic holds a 12.5% working interest in these lands. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com Continued growth of cash flow to the company with deals like this will continue to increase shareholder value over time. Although not gold related, WLT's market was affected by the selloff created in all junior markets following the Bre-X selloff. We are now well bid in the low 20 cent region again and would expect a share rebound as markets stabilize.

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