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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE
DAL 71.02-1.8%3:59 PM EST
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To: Peter who wrote (110)4/17/1998 6:13:00 PM
From: Jon Warren  Read Replies (2) of 486
 
News Release,

Strachan drilling results

Dalton Resources Ltd DAL
Shares issued 19,868,110 Apr 16 close $0.28
Fri 17 Apr 98 News Release
Mr Doug Robertson reports
Dalton wishes to advise on interim drilling results from the Strachan
03-22-38-09W5M well. The well is currently drilling at 4126m in the
Duvernay formation. The primary horizon, the Leduc (D-3) formation was not
encountered at its anticipated depth. Drilling will continue to the
secondary horizons of the Swan Hills, Beaverhill Lake, and Keg River
formations. The well is now expected to reach total projected depth of
4479m by April 27 1998.
Dalton previously reported March 27 1998 (Stockwatch March 30) that
potential hydrocarbons were indicated at the Strachan 3-22-38-09W5M well in
the Cardium, Ostracod, Basal Quartz and Mississippian formations. These
zones had increased rates of penetration and gas shows during drilling.
While the information derived from the drilling operation and from the logs
is encouraging and indicates a potential economic gas well, a determination
of producibility and reserve volumes will not be possible until extensive
production testing takes place after the well reaches total depth.
Dalton is participating for 15% of the well costs.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

________________________________
Looking more like nothing? What are the chances of them hitting now?

JW
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