Jim, Here some more info on Raptor
Raptor Capital Corporation -
No material changes
Raptor Capital Corporation
RCP
Shares issued 16072750
1998-02-11 close $0.7
Thursday Feb 12 1998
Mr Norman Mackenzie reports
Raptor, at the request of the ASE, announces that there is no material change in the company to account for current trading in the shares of Raptor. However,Raptor plans an aggressive acquisition, development and exploration program over the next several months to include:
Minton, Saskatchewan: Raptor will complete the re-entry of two wells, one Winnipegosis producer and one Red River producer. Both wells will be drilled horizontally with two legs of 400 metres in each well and projected production rates of 500 bopd per well. Raptor has an 85% working interest in approximately 2,800 acres in the area. If successful, Raptor will re-enter up to three additional wells during 1998 completing similar horizontal procedures.
Central Alberta: Raptor intends drilling three wells to test glauconite and basal quartz natural gas potential by April 1998. Potential reserves for these prospects are 4-8 bcf with production potential of 1.5 to 2.5 mmcf/day per well. Raptor has over 20 additional prospects identified from a recent acquisition of over 5000km of seismic and the company will continue to acquire lands for the drilling of these prospects.
Turner Valley, Alberta: Raptor has a 24% working interest in over 4,000 acres in the Turner Valley area of Alberta. Raptor intends to drill a 3,500 metre exploration well on its property during 1998. Raptor's lands are within 2.8 miles of the recently drilled IMP Berkley 2-21-21-3 W5 well which is currently testing.
Raptor is also negotiating the acquisition of proven producing properties in Alberta and a development property, in Florida, USA.
(c) Copyright 1997 Canjex Publishing Ltd.
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