Western Logic Resources WLT-VSE $$$ Message Board

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Gold/Mining/Energy : Western Logic Resources WLT-VSE $$$

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To: andy who wrote (17)	6/24/1997 4:58:00 PM
From: diddlysquatz	of 112

I met with John Campbell, president of Western Logic Resources, today. I may be able to answer some of your questions. Long Valley, Nevada by far, has the greatest potential impact on the company. WLT has 80% of what could prove to a producable reserve of 25 million bbls of oil. There are numerous wells in the area that are currently producing 1000 boed with some big name companies in the area (Texaco, Mobil, Exxon). Some wells tested 10,000 boed. Sounds like elephant country. Colorado seems to be second on the list. The company has a smaller percentage. This also looks like a possible 1000 boed producer, however, the numbers to WLT aren't as good as the Nevada play. I didn't get too many details on the Bottineau County, North Dakota play. I understand that GEOI recently made a significant discovery in the area. The Saskatchewan wells are small percentage plays that help pay the bills and seem to be small risk. Should be spudded today. Definately the key play is the Long Valley play. Looks like a very good risk/reward situation. Cheers, Paul

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