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Gold/Mining/Energy : Olympic Resources ORL:VSE

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To: russet who wrote (27)	11/25/1999 11:29:00 AM
From: burner	Read Replies (1) of 95

Olympic et al spud Kern county well Olympic Resources Ltd ORL Shares issued 10,654,378 Nov 23 close $0.29 Wed 24 Nov 99 News Release Also Braiden Resources Ltd (BZR) Also ITL Capital Corporation (ICL) Also Clifton Star Resources Inc (CFO) Also Goldwater Resources Ltd (GWR) Also Sur American Gold Corp (SUR) Also Rocraven Resources Ltd (RVR) Mr. Daryl Pollock reports The Semitropic Syndicate consists of the following consortium of companies of which Olympic Resources is the syndicate manager: COMPANY WORKING NET REVENUE INTEREST INTEREST Olympic Resources 25% 18.75% Dasher Energy 25% 18.75% Sur American Gold 12.5% 9.375% Goldwater Resources 10% 7.5% Clifton Star Resources 7.5% 5.625% Herriman Oil & Gas 5% 3.75% ITL Capital 5% 3.75% Braiden Resources 5% 3.75% Rocraven Resources 5% 3.75% The Semitropic syndicate has been advised that its first planned shallow target to a depth of 4,100 feet in the Mya sands was spudded on Nov. 24, 1999. The syndicate holds a 100-per-cent working interest (75-per-cent net revenue interest) in 4,500 acres of oil and gas leased lands located in Kern county, California.

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