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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)
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To: Bearcatbob who wrote (1852)2/21/1999 11:48:00 PM
From: Keith Minler  Read Replies (1) of 2306
 
Hey All

For those who have forgotten, here is an excerpt from the October Newsletter describing the planned Raptor well.

Stampede Raptor et al 6-8-22-3 W5M

The Company and its working interest partners intend to apply for a drilling license for
a Regional Turner Valley test in Section 8 Township 22 Range 3 W5M, approximately
four miles north of the IMP Berkley 2-21 discovery well. The geological structural
interpretation for this location indicates it to be an excellent target for major commercial
oil production. If successful, the well is expected to produce in excess of 1,000 barrels of
39.6o A.P.I. gravity oil per day.

Recoverable reserves attributable to the Section 8 lease are estimated at approximately
eight million barrels of oil. Earned interests in the Section 8 lease, after drilling and
successfully completing the test well for production, will be:

Stampede Oils Inc. 18.585% Panda Petroleums Ltd. 9.840%

Bearcat Explorations Ltd. 37.200% Curlew Lake Resources Inc. 4.375%

Raptor Capital Corporation 30.000%

The Company plans to submit an application for a drilling license prior to the end of
November. This well should be on production in early 1999.

Now that; would be a giant step for fans of STF/BEA towards party time!

Later

Keith
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