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Gold/Mining/Energy : CVL Resources (CVL:VSE)
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To: bcjt who wrote (183)3/21/2000 8:52:00 AM
From: Sapper  Read Replies (1) of 196
 
CVL Ekho No. 1 enters Temblor section

CVL Resources Ltd CVL
Shares issued 37,247,500 Mar 17 close $0.62
Mon 20 Mar 2000 News Release
Mr. Ian Rozier reports
Tri-Valley Oil & Gas, operator, has reached 15,906 feet in the Ekho No. 1
test well and entered the Temblor section after 40 days of drilling and is
proceeding ahead toward its target depth of just over 19,000 feet.
The Ekho No. 1 offsets two wells drilled in the 1970s that flowed oil from
deep formations but were not able to completed for commercial production
for technical reasons at the time. TVOG believes it has solved these
technical problems and has been drilling at a record rate in pursuit of the
geologic opportunity it considers could potentially amount to billions of
barrels of oil and trillions of cubic feet of natural gas in the mapped
area 40 miles northwest of Bakersfield, Calif.
CVL has a 9.64-per-cent interest in the Ekho project.
(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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