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Gold/Mining/Energy : Stanford Oil & Gas (SOG was STB)

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To: okey who wrote (173)	11/25/1998 6:52:00 PM
From: Flea	Read Replies (2) of 196

Well control efforts begin Elk Point Resources Inc ELK Shares issued 14,016,480 1998-11-25 close $2.76 Wednesday Nov 25 1998 Also Stanford Oil & Gas Ltd (SOG) Also Richland Petroleum Corp (RLP) Also Westminster Resources Ltd (WML) Also Hilton Petroleum Ltd (HTP) Also Berkley Petroleum Corp (BKP) Mr. Brian Goodfellow reports The Bellevue No. 1-17 East Lost Hills well, which blew out and ignited at approximately 8:30 p.m. on Nov. 23, 1998, is burning sweet natural gas and condensate. The well had reached a depth of 17,640 feet and had penetrated the Temblor formation prior to the blowout. There were no injuries involved in the blowout as the rig personnel were evacuated safely prior to the well igniting. Well control specialists Boots & Coots International Well Control arrived at the location at approximately 3:00 a.m. on Nov. 24, 1998 and are mobilizing their specialized control equipment from Houston to the site. Most of the equipment is expected to arrive today to begin the process of clearing the debris from the wellhead. Preliminary estimates are that it will take until Nov. 30, 1998 to accomplish this task. Once the initial wellhead cleanup is accomplished, a better assessment can be made to determine the best alternative for getting the well under control. As a contingency, engineering designs for a relief well are under way. All personnel at the site were evacuated safely, and the main priority now is to work with Boots & Coots to get the well under control.

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