USEG - Uranium Power Corporation Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : USEG - Uranium Power Corporation

USEG 1.120

+0.4%

3:58 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jmhollen who started this subject	1/2/2003 12:52:24 PM
From: jmhollen	of 72

Uranium Power Corporation: Deep Drilling Program Changing Rock Formations Indicate Top of Primary Seismic Zone Reached CALGARY, Alberta--(BUSINESS WIRE)--Jan. 2, 2003 - Athabasca Oil Prospect, Fort McMurray Alberta Uranium Power Corporation (OTCBB:URMP)(DAX:URP) is pleased to report that as of 7:30 a.m. Mountain Standard Time today, drilling at the AOC 7-32 well is proceeding at 2212 meters (7257 feet). Commencing below 2145 meters (7037 feet) drilling encountered a change in rock type from predominately granite to an increasing sandstone quartz environment the significance of which will be revealed as drilling continues. The Company additionally observed continuous gas shows from 2166 meters to 2208 meters. These events suggest the program may have reached the beginning of the seismic reflection that is the principal objective of the drilling operation. Seismic interpretation indicates a number of seismic reflections over several hundred meters below this depth. Noted Consulting geologist Warren Hunt "We are very encouraged. Drilling progress has been quite rapid and indicative of reservoir conditions which seismic interpretation suggests will increase as the program continues to depth." The Company further reports concurrent with drill log interpretation that it plans to conduct production testing on two priority zones located at 1651-1661 meters and 2165-2175 meters respectively. Drilling will continue to depth. The Company shall continue to release further information on receipt of the same. CONTACT: Uranium Power Corporation Steve McGuire, 800/877-1626 or Randal Pow, 888/858-7759 investor@apioil.net www.apioil.net

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next