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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Dale Schwartzenhauer who wrote (2278)4/9/2002 3:22:16 PM
From: Al Collard  Read Replies (1) of 2306
 
Stampede Turner Valley 2-34-20-3 W5M Commencement Of Production Operations

CALGARY, April 9 /CNW/ - Bearcat Explorations Ltd. advises that trading
in the shares of the Company was halted on Friday, April 5th, pending results
from production operations for the subject well. The Canadian Venture Exchange
has now been requested to approve a reinstatement of share trading today.
The production operation commenced at 9:40 a.m. Friday, April 5th with an
initial flow rate in excess of 800 barrels per day of 42.5 degree gravity oil.
This production flow rate was interrupted subsequently with the entrance into
the wellbore of remaining load fluid yet to be recovered from the reservoir.
To facilitate complete recovery of this load fluid, along with attendant oil
and gas, the well has now been put on pump. This operation should take only a
few days and the well is then expected to re-establish significant oil
production flow rates on an on-going basis.
It should be noted that when the well cleanup operation was suspended on
July 18th of last year, oil recovery content at that time was over 50% but it
was apparent that a fair amount of load fluid would still have to be recovered
from the reservoir in due course.
To date, the results of this production commencement operation are as
expected. Detailed update information will be forthcoming.
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