TSY -ASE Tuscany Resources. Message Board

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Gold/Mining/Energy : TSY -ASE Tuscany Resources.

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To: Graystone who wrote ()	11/12/1997 12:25:00 AM
From: Graystone	Read Replies (1) of 70

TUSCANY RESOURCES LTD. - TARPON IKE WELL UPDATE 1997-11-10 CALGARY, ALBERTA Tuscany Resources Ltd. ("TSY" - Alberta) announced the initial well offshore the Republic of Benin, the Tarpon Ike #1, reached total depth of 9,060 feet on November 3, 1997. The well has been logged, sidewall cores obtained and the Company is proceeding with casing the well to total depth in preparation for testing. Potential hydrocarbon bearing sands in the Tyronian and Albian formations with an aggregate of 300 feet of sands will be tested. Tuscany stated the tests will be conducted over the next ten days. Profco is the operator. Tuscany has a 12.5% interest in the well and the 156,000 acre offshore concession. Tuscany shares trade on the Alberta Stock Exchange under the symbol "TSY". For Further information, please contact: Vern Lindeburg Vice President, Exploration Tel: (403) 244-2800 Fax: (403) 244-2373

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