FIELD ACTIVITIES / Westminster Updates Winter Drilling Program
TSE SYMBOL: WML
JANUARY 26, 1999
CALGARY, ALBERTA--Westminster initiated its winter drilling
program to develop natural gas reserves in Alberta and northeast
British Columbia in mid-December 1998. In the program, the
company plans to participate in the drilling of up to 58
exploration and development wells (27.5 net). Approximately 33
percent of the program has been completed to date.
/T/
Gas D&A Currently
Drilling
Conroy/Tommy Lakes 4 2 1
Northeast B.C. 9 2 7
Northern Alberta Foothills 1 0 0
TOTAL 14 (8.6 net) 4 (3 net) 8 (4.5 net)
/T/
In the Conroy/Tommy Lakes area, Westminster has drilled 4 Bluesky
gas wells and 2 dry holes. Westminster has a 100 percent interest
in 28 sections of land and a 20 mmcf/d gas plant in the area.
In northeast British Columbia, the company is currently drilling 7
wells (3.5 net) to develop natural gas in the Jean-Marie and Slave
Point formations. New gas production will be tied-in to the
company interest facilities at Helmet, July Lake and Gunnel.
In the Hanson/Red Cap area of the northern Alberta Foothills,
Westminster (10.76 percent) participated in the drilling of the
IMP et al Red Cap 16-11-46-20W5 well, which spudded in late
October and reached a total depth of 3485 m in mid-December. The
well is the third significant Mississippian gas discovery in the
prospect area and completed production testing earlier this month.
In the East Lost Hills area of southern California, Westminster
has a net 7.125 percent interest after payout in the Bellevue 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.
Westminster will spud an exploration well in the Hamburg/Chinchaga
area early in February, 1999. The well will test the Slave Point
formation at an approximate depth of 2800 m. Westminster, as
operator, holds a 50 percent interest in the well.
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".
Westminster Resources's News Releases can be accessed
electronically through Canadian Corporate News website at
www.cdn-news.com |
