Hey Grayhairs,
Interested in coming out of retirement?Help wanted at Tusk.
TUSK Energy Announces Resignation
CALGARY, ALBERTA--TUSK Energy Inc. (TSE:TKE) announces that Calvin
G. Gabel has resigned as Vice President Exploration to pursue
other business interests. Mr. Gabel may be reached at the TUSK
office until December 17, 1999.
TUSK is a junior oil and gas company with approximately 700 boepd
in current production. TUSK's main producing area is Meekwap,
Alberta which represents approximately 84% of total production.
Another important project to the Company is Strachan where a Slave
Point gas well, discovered in 1998, went on production in
mid-October. A decision on the location for additional drilling
to evaluate the potential of the deep objectives (Leduc & Swan
Hills/Slave Point) will be made around the end of the year.
The pace of TUSK's drilling program has accelerated in the past
few months. After drilling only three wells (all gas wells) in
the first nine months of the year, TUSK will participate in at
least 7 wells during the fourth quarter. Two of these, both at
Meekwap, Alberta, have already been drilled resulting in one oil
well (0.17 net) and one dry hole (0.42 net). Completion work on
the new Meekwap oil well will commence later this week. The other
five, three on gas prospects and two on oil prospects, will be
drilled in December.
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FOR FURTHER INFORMATION PLEASE CONTACT:
TUSK Energy Inc.
Norman W. Holton
President
(403) 264-8875
(403) 263-4247 (FAX)
tusk@tusk-energy.com
tusk-energy.com |
