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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Kerm Yerman who wrote (5495)10/19/1998 8:31:00 AM
From: Kerm Yerman  Read Replies (2) of 24892
 
EVERYONE / Pull out The Maps

Here is a news release put out this morning. Since we're all bored, as evidenced by the posting here lately, lets go thru our resources to find out more about this discovery. Use your usual search engines and if you have contacts with access to data related to land or formation in this play, let's put them to use.

I don't recall seeing word of a discovery, this size, in the Rocky Mountain area.

NEWS RELEASE

DENVER, Oct 19 - Barrett Resources Corp. said Monday it had completed its Cave Gulch 3-29 in the muddy formation in Wyoming and tested the well at a rate of 61 million cubic feet of natural gas per day.

The independent natural gas and oil exploration and production company said in a news release it plans to begin sales from the well within a week at a production rate of 40 to 50 million cubic feet per day.

"These test results confirm our enthusiasm in the deep potential of the Cave Gulch field," Barrett chief executive William Barrett said.

Barrett said it holds an 85.032 percent working interest in the well but that interest could change in January when the Wyoming Oil and Gas Conservation Commission will review production and other data from the well to determine whether two adjacent units have rights to participate in production from the well.

Barrett said it has working interests in the adjacents units of 69.09 percent and 84.90 percent.
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