SI
SI
discoversearch

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 : Athlone Minerals Ltd.
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Condor who started this subject4/17/2004 2:19:10 AM
From: Condor  Read Replies (1) of 30
 
Athlone Redwater well to begin production

Athlone Minerals Ltd ATH
Shares issued 22,618,043 Apr 15 close $0.88
Fri 16 Apr 2004 News Release
Mr. Paul Reynolds reports
REDWATER NATURAL GAS WELL TO COMMENCE COMMERCIAL PRODUCTION -- BELLE
FOURCHE UPDATE
Athlone Minerals has joined with three other partners and drilled a Wabamum
test at 11-7-58-23 W4M in the Redwater area of Alberta. The well was
drilled to a total depth of 946 metres. The well was cased and log
evaluation identified natural gas in three zones. The well was tested in
the lowest zone, the basal quartz, and flowed at a rate of 250 thousand
cubic feet to 300 thousand cubic feet per day.
This well will be tied into a gas pipeline shortly and begin delivering
natural gas. Athlone paid 11.9 per cent of the completed well costs to earn
a 13.75-per-cent working interest and Athlone's participation opened the
possibility to other prospects in the area.
Athlone further announces that it and its partners have drilled nine wells
and tested four wells over three townships of land in the Belle Fourche
area of southeast Saskatchewan. The company's working interest is 75 per
cent before payout and 50 per cent after payout. These wells were drilled
to test the potential of three shallow gas zones, the deepest of which was
tested extensively and deemed to be unproductive. Gas was tested in the
middle shallow zone and flowed at initial rates of 200 thousand cubic feet
per day. This zone requires additional production testing to verify the
extent of the reservoir and, if successful, will indicate an area of
interest for further drilling. Dependent upon rig availability and weather,
it is anticipated that this work will be completed within four weeks.
(c) Copyright 2004 Canjex Publishing Ltd. stockwatch.com

Click here for company snapshot:
new.stockwatch.com
Click here for recent SEDAR documents:
new.stockwatch.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News