Nevtah/Tower Oil Intl.- NTAH Message Board

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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: Chuck Delo who wrote (3234)	10/14/1998 10:13:00 AM
From: Ellen	Read Replies (1) of 3817

Ok. Good. They've added acreage to the Corsicana area for a new total of 800 acres. With some existing wells - 69 of them and the potential for more. Moving right along. The joint venture has installed seven Pamco systems on the first lease and are currently installing an additional eight systems. The installed systems are working very efficiently and producing 1 1/2 to 2 BOD per well. This tells us of the progress they're making on the first lease area of Corsicana. How is that production level though? Comments? Pamco has filed five new international patents, which incorporate enhancements to the original patent. Three additional patents will be filed early next year covering new developments in the control and operation of the pumping system. Ok, further development to the pump. The joint venture also plans to have its first stripper gas well pumping system installed and operational by the end of October. Do they mean in this new area of the lease?

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