To All,
Re: News Releases - Wednesday, November 10, 1999
Drilling To Commence On Larne Licence, N. Ireland
Mr. Ian Rozier, President is pleased to announce that drilling operations on
three holes are expected to commence on the Larne Licence in N. Ireland on
November 12th, 1999. CVL has a 25% interest in the Larne Licence where
Antrim International are the operators.
The three holes on the 350 square kilometer Larne Licence are geared to the
evaluation of the Sherwood Sandstone series of southeast/northwest trending
basins, which have hosted the 365 million barrel Wytch Farm field, the 7
t.c.f. Morecambe Bay gas find, as well as the Liverpool Bay oilfields with
original recoverable reserves of 400 million barrels. Hydrocarbon shows,
carboniferous source rocks, seal rocks and large fault bound structures will
be evaluated.
The Company anticipates announcing the spudding of the Semhari East #1 well
on the Hassi Bir Rekaiz block in Northern Algeria in the very near future;
ARCO is the operator, see News Release dated October 27th, 1999. The Company
also anticipates announcing a spud date for the Ekho #1 well in southern
California shortly.
CVL is also active in Australia, New Zealand and in the U.K., and has
sufficient funds to finance all these work programs without the need for
additional financing.
For further information contact:
Barbara Dunfield
or:
Kego Capital:
Gorden Smith
Mike Waggett
Don Myers
Telephone: (604) 685-6851
Facsimile: (604) 685-6493
www.cvlresources.com |
