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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: KC Jones who wrote (2001)	4/23/2001 5:47:06 PM
From: Al Collard	Read Replies (1) of 11802

KC, news out on your pick HTP-v: Hilton suspends Mica 1-17 well Mon 23 Apr 2001 News Release Also Westone Ventures Inc (WTV) Also Trimark Oil & Gas Ltd (TMK) Mr. Des O'Kell reports After logging the Mica 1-17, the company has determined that the well is outside the channel limits. The well has been suspended for possible future sidetracking. Hilton chairman and chief executive officer, Don Busby, says: "We feel that the prospect is still viable and that the economics support the Mica 1-17 and a second well. However, the bottom hole location needs to be shifted by approximately 1,500 feet. All indications during drilling support that the faults are showing signs of having sealing capability." The Mica well represents approximately a $150,000 expenditure to Hilton. The Mica prospect is one of five prospects scheduled for drilling in 2001 that are outside of the East Lost Hills and the greater San Joaquin basin joint venture. Sequoia, the next prospect in the 2001 drilling program, is expected to spud by the end of April.

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