Curlew commences reentrace of Ekho No. 1 well
Curlew Lake Resources Inc CWQ
Shares issued 28,914,526 Aug 4 close $0.14
Tue 8 Aug 2000 News Release
Mr. Robert Pincombe reports
Tri-Valley Oil & Gas, the operator of the Ekho project has commenced
operations to re-enter the 19,085 foot Ekho No. 1 deep test well in the
East Lost Hills area of Kern county, Calif. Approximately 1,200 barrels of
special oil-base drilling mud arrived on site Aug. 4, 2000, to prepare the
borehole for re-entry next week.
The Ekho No. 1 well has been drilled to depth, has confirmed the existence
of high-quality oil with an API of 48.7 degrees and has confirmed that the
associated natural gas has a net british thermal unit content of 1,406 with
no noticeable water. The operator has proposed a $1,028,900 (U.S.) work
program to clean out a blockage in the hole and install a liner to obtain
an accurate flow test of the well. All finances has now been sent back to
the work program, estimated to take 18 days.
The 19,085-foot-deep Ekho No. 1 well is the first of a proposed three well
program to test the potential of a deep structure presently mapped to be
approximately 26 miles long by four or five miles wide.
Several of Canadian Venture Exchange resource companies and various
individual investors are financing the Ekho No. 1 well. The Ekho consortium
includes Berkshire International Mining at 24.948 per cent, Aster Ventures
at 20 per cent, Curion Ventures at 20 per cent, CVL Resources at 10.955 per
cent, COnsolidated Bradbury International Equities at 5 per cent, Curlew
Lake at 5 per cent, Prairie Pacific Energy at 5 per cent and several
individual investors own the remaining 9.097 per cent.
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