SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KERM'S KORNER
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kerm Yerman who wrote (14123)12/8/1998 6:57:00 PM
From: Kerm Yerman  Read Replies (10) of 15196
 
FIELD ACTIVITIES / Spire Energy Ltd. Drills Four Successful Gas Wells
Announces Change of Directors

CALGARY, Dec. 8 /CNW/ - Spire Energy Ltd. announced today that it has
drilled and completed four successful belly river gas wells (3.9 net) over the
past two weeks for a 100% success rate.

The first well in the programme, located at 13-21-29-5W4, flowed natural
gas at a rate of 750 MCFD on a 32/64'' choke, the second well at 16-12-29-4W4
tested natural gas at 500 MCFD on a 40/64'' choke and the third well at
14-17-29-3W4 flowed natural gas at 800 MCFD on a 40/64'' choke. A fourth belly
river well was drilled in the Abee area at 02/08-28-61-23W4M that flowed gas
at a rate of 980 MCFD on a 40/64'' choke. All flow rates were recorded
immediately after perforation.

The Company plans to tie-in all four wells to Spire's natural gas
processing facilities this month. It is estimated that the wells will produce
an aggregate 2500 MCFD net to Spire, bringing Spire's net production to 9000
MCFD of natural gas at the end of December 1998.

Spire also announced that Gregory G. Turnbull, a partner with the law
firm Code Hunter Wittmann, has been appointed a director of the Company.
Robert W. Lamond and Charles A. Teare have resigned as directors of Spire
following the closing of the first stage of the previously announced sale of
Humboldt Capital Corporation's interest to Gardiner Group Capital Limited of
Toronto, Ontario.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News