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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Tommy D who wrote (1481)9/16/1998 7:36:00 AM
From: Bearcatbob   of 2306
 
GAs Price and Raptor in the Turner Valley:

Tommy, I noticed the gas price move also and thought the same. Here is something I copied from something put out by Raptor re the Turner Valley:

Turner Valley Alberta is scheduled for Winter of 98/99. The excitement
surrounding this play was indirectly responsible for Raptor stock price
spiking to .80 cents back in February of this year when Imperial and Berkley
were drilling a Turner Valley well located just 2.8 miles to the south of
our Raptors land. A description of Turner Valley is as follows:

In October 1997, the Company acquired a 24% interest in 4,000 acres (960 net
acres) at Turner Valley, Alberta located approximately 15 km Southwest of
Calgary. Raptor has reprocessed 42 km of seismic on the lands and expects
that a 3,500 meter exploratory well will be drilled to test the thrusted and
regional Mississippian formations by the end of 1998. Raptor lands are
located approximately 21/2 miles from the recently completed IMP Berkley
Turner Valley 2-21-21-3W5 gas condensate discovery.
Through geological and geophysical interpretation Raptor has developed a 200
BCF potential Turner Valley thrust fault exploitation/exploration prospect.
This prospect is modeled after the Shell Sarcee closure on the same thrust
fault several miles to the north where two wells have produced more than 170
BCF and 500,000 barrels of condensate.

In addition to the geophysics there is a well on the edge of the prospect
where the thrust fault cut through the wellbore. This well drilled in 1970
tested 5MMcf/d plus liquids from a small sliver of the zone. Geophysical
interpretation on the Raptor lands indicates 150 feet of incremental pay
section structure from this wellbore.

Bob
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