Sharpe Resources - SHO.M Message Board

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Gold/Mining/Energy : Sharpe Resources - SHO.M

SHO 9.120

+0.3%

Dec 26 9:30 AM EST

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To: elcasmirb who wrote (470)	2/21/2002 10:00:38 AM
From: Cush	Read Replies (2) of 474

Sharpe Resources Corporation: Announcement biz.yahoo.com HEATHSVILLE, VIRGINIA--Sharpe Energy Company has completed several well reentries on its Ellenberger field located in Brown County, Texas. This work involved tubing replacements in three wells and the recompletion of a water disposal well during the month of January and early February, 2002. Upon completion the Company will have four wells on submersible pumps in this field with two of the wells currently in operation. The initial production rate has come on at about 80 BOPD. This production is expected to stabilize at approximately 40-50 barrels per day within 1-2 weeks. Sharpe has 100% working interest and 87.5% net revenue interest in this project. Sharpe plans to sell its 100% owned West Thrifty Unit located in Brown County, Texas. The Company is currently evaluating a number of oil and gas opportunities in the US and internationally. ************************* Invested in a number of black holes, years ago. Sharpe is one of the few still standing (or at least still breathing). Sure would be nice to see this thing recover. Cush

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