FIELD ACTIVITIES / Westminster Resources Updates Winter Drilling
Program
CALGARY, ALBERTA--Westminster Resources Ltd. reports that it's 58
well (27.5 net) winter drilling program for natural gas is well
underway.
The company is currently participating in the drilling of 12
exploration and development wells (6.0 net) in northeast British
Columbia, the northern Alberta Foothills and the East Lost Hills
area of southern California.
In the Conroy/Tommy Lakes area, Westminster has drilled the first
two wells of a ten well winter program. Both have been cased as
natural gas wells. Westminster has a 100 percent interest in 28
sections of land and a 20 mmcf/d gas plant in the area.
In the Helmet/Peggo area, the company is currently drilling 8
wells (3.5 net) to develop natural gas reserves in the Jean Marie
and Slave Point formations. New gas production is being tied-in to
company interest facilities at Helmet, July Lake and Gunnel. A
total of 33 wells are expected to be drilled this winter (14 net),
in this area.
In the Hanson/Red Cap area of the northern Alberta Foothills,
Westminster (10 percent) is participating in the drilling of the
well IMP et al Red Cap 16-11-46-20W5. The well is currently
drilling at 3470m toward a projected total depth of 3600m. This
well offsets 2 Mississippian gas discoveries previously drilled by
Westminster and partners in 1998. Additional drilling is planned
for the area.
In the East Lost Hills area of southern California, Westminster
has a net 7.125 percent interest after payout in the Bellvue No.
1-17 well. The well blew out and ignited on November 23, 1998.
Since that date, significant progress has been made on well
control operations. All debris has been removed from the wellsite
and surface containment facilities are now collecting liquid
hydrocarbons. Natural gas is currently being flared.
Upon completion of the winter program, Westminster expects to exit
the first quarter of 1999 producing approximately 5,500 BOEPD
comprised solely of natural gas and associated liquids.
Westminster Resources Ltd. is a Canadian company engaged in
exploration, development and production of natural gas.
Westminster's common shares are listed on the Toronto stock
exchange under the trading symbol "WML".
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