CVL Resources (CVL:VSE) Message Board

STOCKTALK

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 : CVL Resources (CVL:VSE)

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Taylorm. who wrote (156)	3/2/1999 2:13:00 PM
From: Sapper	Read Replies (1) of 196

News Release: CVL commences drilling on Grandis No. 1 well CVL Resources Ltd CVL Shares issued 37,247,500 Mar 1 close $0.16 Tue 2 Mar 99 News Release Mr. Ian Rozier reports Drilling of the Grandis No. 1 well in ATP-549-P East in Queensland, Australia, is now under way. The Grandis No. 1 well is the final well to be drilled in a three well program in ATP-549-P East, in which the company has a 40 per cent interest with joint venture partner and operator, Energy Equity Corporation. Grandis No. 1 is located within the 750 square kilometre Cypress Block and lies only three kilometres from the newly built Bunya pipeline, projected to be on-line and operational in the second quarter of 1999. Grandis No. 1 is situated approximately 15 km southwest of the Thatch No. 1 well which encountered gas saturations in sandstones in the Patchawarra formation over the interval 2473 to 2484, but lacked adequate permeability. Drilling at Grandis No. 1 is anticipated to take approximately 24 days to complete and results will be released when available. The company currently has 37 million shares issued and outstanding and $8-million in the treasury. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next