Golden Arch Resources---GAI.V Message Board

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Gold/Mining/Energy : Golden Arch Resources---GAI.V

GAI 8.800

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Mar 22 5:00 PM EST

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To: JR. who wrote (214)	9/10/1997 8:51:00 PM
From: CB.	of 359

News Release.....See also SVV Texas well re-completion successful Golden Arch Resources Ltd GAI Shares issued 17,280,859 Sep 10 close $0.25 Wed 10 Sept 97 News Release Mr Richard Watson reports Golden Arch Resources and its partners have conducted a successful re-completion of one of its 35 operating natural gas and oil wells located in Palo Pinto County, Texas. The Reagan 14 No. 1 well has stabilized at 150 mcf of natural gas per day. This rate of production is roughly three times previous levels from the Stawn conglomerate well. Payout on the re-completion will be achieved in approximately six months. The company has working interests which range from 4 to 15% in 35 wells in the area. The wells were drilled over the past four years and have combined production of 4,840 mcf and 189 barrels of oil daily. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com CB.

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