Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

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Mar 22 5:00 PM EST

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To: Bill Potton who wrote (154)	6/25/1997 11:54:00 PM
From: JR.	of 359

DRILLING 11300 feet. Tried to get a clear indication of when to expect news regarding results.Spoke to Tom, Mike, and Rick and they all agreed that it's hard to put a date on things.The latest for a press release will be July 7th ,if drilling goes to depth.That's because they will need a week to do complete logs.After that they need another week to case the well.BUT !!!! If they don't get to depth because the well starts to produce too much oil,forget the detailed logs and testing just get the oil to market and you can expect an early press release.That's my understanding of the situation.Clear eh? In this kind of deep well it's a mystery as to how much and when and your guess is as good as anyones so think optimistically .The waiting can be maddening though! JR.

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