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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: mark calgary who wrote (7854)	1/16/2001 2:13:27 AM
From: Richard Saunders	Read Replies (1) of 24892

Drilling - going down deep. Mark, good field comments & definitely goofy weather. One week it's something like 10c to 15c below normal and then shortly later warm weather records are being set by same+ extreme. Another issue re: drilling/tie-ins may be the labour pool that's attached to many of the service rigs. Before Christmas a conversation with an industry insider indicated that the inexperience on some of the rigs was starting to show up in Workers' Compensation claims. I haven't verified however stat. being tossed at me was that injury/time loss claims were up something like 50% on a year-over-year basis. I'm not sure how much of the increase is related to more activity however the thought was that the whole issue was definately a current topic that would need to be addressed by drillers/servicers alike. It will be interesting to see what sort of finds happen over the next while and how they translate into production/storage down the road. The going deep comment - noticed a new well licenced Monday Jan. 15 that would seem to say that somebody (Canadian Forest part of FST-nyse Forest Oil) is planning on spending a few dollars doing some drilling -- new pool wildcat 5,240 metres into the Montney formation which appears to be in the Rambling Creek area (Range 5, TWP 90 west of 6th Meridian) about 150 km north of Grand Prairie. CDN FOREST CHARLIE 1-15-90-5 0249065 CROWN 914.9 M 100/01-15-090-05W6/00 N 303.4M W 302.1M GRANDE PRAIRIE 5240 M NPW (C) UNDEFINED MONTNEY FM CANADIAN FOREST OIL LTD. -

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