URANIUM POWER CORP - News Release
Uranium Power Corporation: Athabasca Oil Prospect Progress Report
VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 1, 2002--
Uranium Power Corporation (OTCBB:URMP)(DAX:URP) Doug Cannaday,
President of Uranium Power Corporation, reports that the service rig
is currently at 1643 meters (5389ft) in the 7-32 well.
The company is encouraged to find significant light gravity crude
oil with natural gas shows in the heavy drilling mud returns. Full
reconditioning is in progress today. The Company expects to initiate
production testing of the five prospective zones thereafter.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Except for historical information contained
herein, the matters discussed in this press release are
forward-looking statements that involve risks and uncertainties,
including but not limited to economic, competitive, governmental and
technological factors effecting the Company's operations, markets,
products and prices and other factors discussed in the Company's
various filings with the Securities and Exchange Commission.
--30--cmm/cl*
CONTACT: Uranium Power Corporation
Steve McGuire, 800/877-1626
investor@apioil.net
www.apioil.net
or
Giuliano Tamburrino, 877/999-9238
investor@apioil.net
www.apioil.net
KEYWORD: INTERNATIONAL CANADA
INDUSTRY KEYWORD: UTILITIES ENERGY OIL/GAS ENVIRONMENT
MINING/METALS |
