HMB.A on CDNX is a very undervalued pool of companies.
Don't see much on this thread regarding the juniors.
Is the main focus here on the majors?
Here's a brief update on CWY v released today:
Causeway Energy Corporation [CUW TSE]
June 14, 2000
Updates Corporate Activity
Causeway Energy Corporation (CUW - TSE) provides the following update regarding exploration and
development activity.
BLAINE COUNTY, MONTANA
Causeway's discovery well at Battle Creek West was placed on production on June 5, 2000 and is currently
producing at a rate of 1 mmcf/d.
One development well has been drilled into this structure. This well will be placed on production June 22, 2000 at
a rate of 1 mmcf/d.
A second structure was identified and drilled. The well encountered 59 feet of gas pay. This well was completed
in a 20 foot sand unit and will commence production on June 15, 2000 at a rate of 500 mcf/d.
Causeway will drill six additional wells within this discovery area prior to the end of the third quarter. Causeway's
working interest in this project area is a minimum of 97.5 %.
Causeway, through a wholly owned U.S. subsidiary, Xeno, Inc., controls 170,000 gross and 135,000 net acres
in this area.
ALBERTA
Three Turin wells have been drilled and cased. These wells are currently being completed. A fourth Turin well is
currently drilling.
At Armada (CUW 50 %), the first of three development wells will spud on June 15, 2000.
An exploratory well in central Alberta is currently drilling to target depth of 1900 meters (6230 feet). Results will
be available in 10 days.
Causeway and Cabre Exploration Ltd. (CBE - TSE) have commenced surveying a 100 square kilometer 3-D
seismic program in central Alberta. This $1.3 million dollar program will be acquired by the end of July.
Causeway has a budget of eight million dollars for capital expenditures for the remainder of 2000. Causeway is a
well funded oil and gas company growing through exploration and development activities.
FOR FURTHER INFORMATION PLEASE CONTACT:
Causeway Energy Corporation
Mr. Wade McGowan
President and COO
(403) 265-1200
(403) 265-1300 (FAX)
E-mail: info@causewayenergy.com
Website: www.causewayenergy.com
Causeway Energy Corporation
Mr. John Salopek
Vice President, Exploration
(403) 265-1200 |
