Cons Bradbury et al Ekho No. 1 enters Temblor formation
Curlew Lake Resources Inc CWQ
Shares issued 28,164,526 Mar 20 close $0.14
Tue 21 Mar 2000 News Release
See Consolidated Bradbury Intl Equities Ltd (CBN) News Release
Mr. David Patterson reports
The Ekho No. 1 well has reached a depth of 15,946 feet and entered the
Temblor formation after only 41 days of drilling.
The operator, Tri-Valley Oil and Gas, has advised the consortium that mud
weight has been increased to control the well pressure and that it is
drilling ahead toward the target depth of 19,500 feet.
The Ekho No. 1 well offsets two wells drilled in the 1970s that flowed oil
from deep formations but were not able to be completed for commercial
production due to technical difficulties encountered at the time.
Tri-Valley believes that it has solved these technical problems and has
been drilling at a record rate in pursuit of the geological opportunity
that could potentially amount to substantial oil and gas reserves.
Nine Canadian Venture Exchange resource companies and various individual
investors have financed the Ekho No. 1. The Ekho consortium includes: Aster
Ventures Corp (ASV.V), 20 per cent; Curion Venture Corp. (CUV.V), 20 per
cent; Lucre Ventures Ltd. (LVD.V), 12 per cent; Berkshire International
Mining Ltd. (BKR.V), 10 per cent; CVL Resources (CVL.V), 9.64 per cent;
Consolidated Bradbury International Equities (CBN.V), 5 per cent; Curlew
Lake Resources (CWQ.V), 5 per cent; Pan Ocean Explorations (POE.V), 5 per
cent; and Prairie Pacific Energy Corporation (PRP.V), 5 per cent.
Tri-Valley Corporation is the publicly traded parent (OTC BB: TRIL) of
Tri-Valley Oil & Gas Co., Ekho project operator.
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