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Gold/Mining/Energy : Gresham Resources GRC.V

GRC 48.74

-0.8%

3:59 PM EST

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To: Andre Daedone who wrote (20)	10/30/1997 10:20:00 PM
From: Bob (Hijacked)	Read Replies (1) of 33

News: The VSE has accepted for filing a participation agreement between Forest Oil Corp, Gresham Oil & Gas USA Inc, a subsidiary of Gresham Resources Inc, and Stanford Energy Corp, whereby Stanford has acquired from Forest and Gresham the right to earn up to a one-third interest in the Bow Creek survey lands in Stark and Billings counties, North Dakota, by financing the drilling of three exploratory wells at an estimated cost of US$1.5 million. The first well will be drilled on the Goldeneye prospect, at an estimated dry hole cost of US$476,000.

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