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Gold/Mining/Energy : Olympic Resources ORL:VSE

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To: knight who wrote (36)12/21/1999 9:54:00 AM
From: burner   of 95
 
Yes it is. There are two other wells there. One at the Bowerbank was abandoned due to the drilling ass'y problems. I think they may re-enter.
Source Energy is a private company. Thus information about this project will likely be sketchy. I have heard that they (Source) are looking to acquire more land. These shallow wells are easily tied in and generate cash pretty quickly.
It will be interesting to see Olympic's level of participation if Source does pick up more property.
I think organizational efforts will now focus on the Disco Inferno, where the deep drilling is expected to spud in later January. They are partnered with another private company on that one.
Dan
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