Olympic Resources ORL:VSE Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Olympic Resources ORL:VSE

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: burner who started this subject	9/18/2000 10:28:25 PM
From: burner	of 95

News: Another prospect in California Olympic saddles up Cowboy interest Olympic Resources Ltd ORL Shares issued 11,994,378 Sep 15 close $0.49 Mon 18 Sept 2000 News Release Mr. Daryl Pollock reports Olympic Resources has agreed to participate to the extent of a 10-per-cent working interest in the Cowboys No. 13-16 well to be drilled on the Rancho Capay gas field in Glenn county, California. Drilling operations commenced Sept. 16, 2000. The Cowboys prospect has three Kione targets and one main Forbes target with several secondary Forbes targets. The uppermost Kione target is in the Kione A sand interval which has a distinctive seismic character similar to both producing intervals in the TA 16-1 well. The seismic signature also indicates some stratigraphic variation in addition to structural closure against the main fault in this area. A second Kione target, the Kione C sand, also contains a distinctive seismic anomaly and was a good producer in the nearby Weldgen No. 1-22 one mile from the Cowboys prospect. The lowermost Kione D sand target displays a four-way closed high. This interval is present and gassy in the War Wagon well less then one mile away but amplitudes from the Cowboy area appear much stronger. The main Forbes target is the F4 zone which was penetrated outside the main anomaly by the nearby Big Jake well which tested tight from perforations between 5,530 feet to 5,580 feet at 340 thousand cubic feet per day. The Cowboys location will penetrate this anomaly in very good amplitude and 100 feet high to the Big Jake. The amplitude also indicates the sand quality increases substantially over the Cowboys. Three secondary Forbes targets will also be penetrated by the Cowboys. WARNING: The company relies on litigation protection for "forward-looking" statements.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next