USEG - Uranium Power Corporation Message Board

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Gold/Mining/Energy : USEG - Uranium Power Corporation

USEG 1.120

+0.4%

Nov 5 3:58 PM EST

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To: jmhollen who wrote (24)	10/10/2002 11:12:11 AM
From: jmhollen	Read Replies (1) of 72

COPY FROM LATEST NEWS RELEASE... VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 8, 2002-- Uranium Power Corporation (OTCBB:URMP - News; DAX:URP) Doug Cannaday, President of Uranium Power Corporation reports the testing program continues as previously announced. The testing program is running four days behind schedule. Removal of 1994 drilling mud and drilling out restrictions were more time consuming than initially contemplated. Results to date are encouraging with live oil shows recorded at surface. The service rig has reached the bottom of the hole at a depth of 1650 meters (5412 ft.) and testing to identify the source of the oil has begun. Fracture zones of interest may be treated with acid to dissolve any remaining drilling mud which can inhibit the flow of any oil. The Company is currently testing a 25.9 meter (85 ft.) interval which may be one of the sources.

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