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Gold/Mining/Energy : 25,740' WINFIELD RANCH JV PARTNERS
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To: LowtherAcademy who wrote (1317)5/29/2001 6:48:43 PM
From: Flea  Read Replies (1) of 1326
 
T & H Resources' Winfield well being redrilled

T & H Resources Ltd
THE
Shares issued 35,169,292
2001-05-28 close $0.14
Tuesday May 29 2001
News Release
Mr. John Pollock reports
Weatherford International Inc., acting as operator of the Winfield Ranch No. 17 1E well in Pecos county
Texas, has successfully kicked off the original well and is currently, as of yesterday morning, drilling
ahead at approximately 25,343 feet.
In the original well, while the previous operator was attempting to run production casing, a rental drilling
string supplied by Weatherford parted and parted again while trying to recover lost drilling pipe.
Attempts at receiving compensation from Weatherford were unsuccessful which led to the present lawsuit
in which T & H is involved. In order to mitigate damages Weatherford has re-entered the well bore and is
attempting to redrill the lower part of the hole and run production casing.
The Ellenburger was encountered at approximately 24,800 feet. Good drilling breaks, gas shows on the
gas detector and extremely heavily gas cut mud which gave a 15- to 40-foot gas flare from the mud
degasser all suggest a gas saturated reservoir is present. The penetration rate varies from zero to 73 feet
per day so it is difficult to predict a time to reach total depth.
The new well bore appears to confirm that a major gas accumulation may have been discovered. A new
completion will be attempted after all relevant information from the operator has been received and
evaluated.
If successful a major gas pipeline runs through the property so the well can be tied in to market
immediately.
T & H has a 22.29-per-cent before payout working interest in the Winfield Ranch No. 17 1E well.
(c) Copyright 2001 Canjex Publishing Ltd. canada-stockwatch.com
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