CWQ-VSE NEWS RELEASE
July 28, 1998
Stampede Oils Inc., one of our operating partners in the Turner Valley area
of Alberta, reports that AEUB approval has been received to deepen the
7-25-20-3 W5M well, from its current depth of 10,400 feet to 12,267 feet, to
test the underlying Regional Devonian Crossfield reservoir.
The Crossfield is expected to be approximately 300 feet structurally higher
than where encountered in the offset Stampede et al TV 6-23-30-3 W5M well, 1
1/4 miles to the south-west. The 6-23 well is currently suspended with an
indicated 42 feet of gas zone in the top of the Crossfield reservoir. The
Crossfield in the 7-25 well is expected to be 266 feet thick with a minimum
of 170 net feet of gas pay zone. A rig is to be contracted within the next
two weeks and the deepening operation should be underway shortly thereafter.
The entire drilling and testing operation is expected to take 30 days.
Curlew Lake Resources Inc. has a 5% working interest in this well.
Also, a surface lease has been obtained for the Stampede et al TV 11-15-21-3
W5M well. This well is to be drilled as a Regional Turner Valley gas test
well, offsetting by one-half mile the recently drilled IMP Berkley Turner
Valley 2-21-21-3 W5M Regional Mississippian Turner Valley gas discovery well
which is currently being readied for final completion. Drilling license
application procedures are now underway for the 11-15 well and operations
are to be underway by late August, with total depth expected to be reached
approximately 60 days later. The 11-15 well is considered to be a
development well and should encounter approximately 100 feet of Regional
Turner Valley gas zone. As a development well location, the 11-15 well has
a very high probability for success.
Curlew Lake Resources Inc. has a 4% working interest in this well.
On behalf of the
Board of Directors,
"Signed"
Robert B. Pincombe
President.
Disclaimer: The Vancouver Stock Exchange has not reviewed this release nor
does it accept responsibility for the adequacy or accuracy of its contents.
Further, this release is not intended as a solicitation to buy or sell these
securities in any jurisdiction and is furnished for information purposes only.
CURLEW LAKE RESOURCES INC. (CWQ-VSE)
Box 10110, #308-701 West Georgia Street
Vancouver, B.C., Canada V7Y 1K8
TEL.: 604-688-9951 / FAX.: 604-682-3475
EMAIL: dataon@curlew-lake.com / URL: curlew-lake.com |
