Interesting post on RB,
Dale, this should crank up the band. I wonder if they read my post of the other day <ggggg> didn't take to long befor we had NR !!!!!!!!!!!!:))))))))))
LetMeKnow (ID#: 264490) News Release 1/4/01 19:51 2801658
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I was on stockwatch.com for STF showed curlew released TV News here it is. couldn't find it on BEA or STF website ????
January 4, 2001
In a shareholder letter dated January 4, 2001, Stampede Oils Inc., reports as follows:
"Stampede Oils Inc., operator of the recently drilled Stampede Turner Valley 2-34-20-3 W5M discovery well, advises that it is currently finalizing its response to the Alberta Energy and Utilities Board (EUB), regarding a suspension of operations order issued prior to the Christmas holiday. This suspension was the result of a misconception by three area residents related to a propane pilot light at the top of an emergency flare stack on the subject well surface lease and one inadvertent lack of notice on a timely basis to area residents, by Stampede, related to the intended commencement of completion operations for the subject well.
"Prior to the start of an open hole perforating operation, the 2-34 well flowed oil to surface at a rate of 540 barrels per day. This flow rate, along with increasing pressure and a subsequent good shut-in pressure build-up curve, indicates that the well bore blockage experienced on November 16th, apparently has broken down considerably during the 22-day period that the well was shut-in.
"The lower five (5) metres (16.5 feet) of open hole in the Regional Turner Valley formation reservoir was successfully perforated before the operation had to be suspended. The intended completion operation was to entail the perforating of 20 metres (66 feet) of open hole in this oil-bearing reservoir. As the well had to be shut in prematurely, it has not been determined at this time as to how much the now perforated interval will have increased the production capability. There is a good probability that the well might not require any additional perforating.
"An independent third-party assessment of the 2-34 well data demonstrates the production capability of this well should exceed 1,000 barrels of oil per day.
"Related to the successful completion of this 2-34 well as an important discovery, and on the basis of the Company's overall Regional Turner Valley oil pool interpretation, Stampede was successful recently in having four related Crown P&NG leases extended.
"Stampede intends to have this 2-34-20-3 W5M oil discovery well put into production prior to the end of January, subject to approval from the EUB to rescind the current well suspension, such approval not expected to be unreasonably withheld."
Curlew Lake Resources and its partners have interests in approximately 27,500 acres of Crown and Freehold petroleum and natural gas leases overlying this interpreted Regional Turner Valley oil pool.
Curlew Lake Resources has a 2.75% interest in the 2-34 well and varying interests ranging from 1.3% to 10% in the balance of the lands.
On behalf of the
Board of Directors,
"Signed"
Robert B. Pincombe
President
Disclaimer: The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Yipee i ooooo Yipee i aaaaa! CWQ
Gerry |
