Hi Jim,
The best I can do right now is post this old news release that has some relevant info. The BEA-STF land position is bigger than RCP's. I'll call BEA on Monday and see if they can provide us with something more up to date.
Cheers,
Dave
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Bearcat Explorations Ltd
BEA
Shares issued 40550243
1997-12-01 close $0.58
Monday Dec 1 1997
Also Stampede Oils Inc (STF)
Mr P. de Bruycker of Bearcat Explorations reports Two new exploratory wells in the Turner Valley prospect in southwestern Alberta, have finally commenced drilling. The Imperial Oil Resources Limited well, Imp Berkley Turner Valley 2-21-21-3 W5M, got underway on November 25 1997,while the Berkley Petroleum Corp well, BPC et al Turner Valley 12-35-20-3 W5M, approximately 3.5 miles to the south, commenced drilling on November 29 1997. They are expected to take anywhere from 60 to 90 days to reach total depth.
As set out in previous news releases, the main targets for both wells are large volume oil and/or gas reserves in the deep Regional Turner Valley formation, underlying the Turner Valley reservoirs in the shallower overthrust sheets from which the current/historical oil production is sourced. Oil reserves in place in the above mentioned original and still producing overthrust Turner Valley reservoir have been determined at one billion barrels.
Bearcat has carried net working interests of 18.54% on oil and 11.125% on gas related to the Imp Berkley 2-21 well and a pro rata share of a related gross overriding royalty during the payout period while Stampede has corresponding 9.2715% and 5.5625% carried net working interests on the same basis. The above net working interests are also attributable to the 5,220 acres of petroleum and natural gas leases comprising the balance of the companies' net acreage in the related 17,920 acre farmin block.
Bearcat has a 21.25% working interest, along with a carried working interest of 12.75%, in the Berkley operated earning well, BPC et al Turner Valley 12-35 and similarly Stampede has a 10.65% working interest and a carried working interest of 6.35%. Subsequent to payout relative to Berkley's 60% working interest, Bearcat will have a 34% working interest and Stampede a 17% working interest in the earning well and in the balance of the related farmin lands totalling 22,376 acres of P&NG leases.
Bearcat has a 21.25% - 53.10% interest in a total of 34,551 acres of P&NG leases in the entire Turner Valley prospect area.
Stampede has a 9.19% - 26.65% interest in a total of 34,551 acres of P&NG leases in the entire Turner Valley prospect area.
The availability of Crown P&NG acreage in this area necessitates that both the 2-21 and 12-35 wells be operated on a highly confidential tight hole basis.
c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com |
