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Gold/Mining/Energy : United Bolero Development

UNB 22.80

-0.5%

Nov 3 3:59 PM EST

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To: SAM-DAN who wrote (4)	3/29/2004 10:19:40 AM
From: SAM-DAN	of 9

Another promising release from UNB . Things just keep getting better but tired of talking to myself United Bolero Development Corp (C-UNB) - News Release United Bolero to acquire interest in Wagonbox wells United Bolero Development Corp UNB Shares issued 10,263,214 Mar 26 2004 close $ 0.39 Monday March 29 2004 News Release Mr. Michael England reports UNITED BOLERO ACQUIRES OPTION IN MONTANA United Bolero Development has entered into an agreement with Big Snowy Resources LLP to drill two oil targets on Big Snowy's Wagonbox property located in Musselshell county, Montana. The Wagonbox property covers approximately 2,500 acres, with the targeted depth being 3,000 feet into the prolific Tyler formation. United Bolero will earn a 50-per-cent working interest in each of the two wells by spending $100,000 (U.S.) per well on drilling costs. This acquisition is subject to acceptance for filing by the TSX Venture Exchange. United Bolero has an option to drill five holes in the Smokey Gap field of Wyoming, which is operated by Big Snowy. To date, two holes have been drilled on the Smokey Gap field. Hole No. 1 is now flowing oil into a test tank and the company is awaiting flow results while hole No. 2 is being prepared for flow testing. A road is now being graded for the company's third hole, which should be ready to be drilled within one week. Flow results will be released as available. (c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com old url (better for printing)

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