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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: pz who wrote (46129)	6/9/1999 1:07:00 AM
From: David Parkinson	Read Replies (1) \| Respond to of 95453

pz, I see you are a petroleum geologist. Maybe you can help me. Could you tell me if the % of oil coming out of the ground from this PR is a high, medium or low %. Thanks David CPT PEMBERTON TECHNOLOGIES LTD. #211- 470 Granville Street Vancouver, BC V6C 1V5 Telephone: (604) 669-7772 * Fax: (604) 669-7701 Website: pemb.com NEWS RELEASE June 7, 1999 Symbol: PBT The Company is pleased to announce that we have received information from our general contractor (Crest Energy Consultants Inc.) that well 14-28-12-15 has been completed. The well was perforated in the Sawtooth formation. It flowed medium gravity crude oil (34 API) and formation water to surface with an initial oil cut of 66%. The well was then swab produced to temporary on site tanks with a service rig for a period of three days at varied rates. We swabbed the well at rates ranging from a low of 150 bbl./day (24 cubic metres/day) to a high of 550 bbl./day (90 cubic metres/day), to try and determine optimum production results for accurate production equipment sizing. Oil cuts at the higher of 550 bbl./day swabbed rate ranged from 55%-85% oil. The fluid level at these swab rates remained stable at 100m to 194m below ground level, indicating that the well should easily be able to sustain fluid production rates in excess of 550 bbl./day, and possibly much higher. The Company is currently working with their contractor to establish the most economically profitable method of development of the balance of the field. "Bob Burton" --------------------- Bob Burton, President THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED OR DISAPPROVED OF THE CONTENTS HEREIN. For more information, please contact: Bob Burton or Jim Bunny Tel: (604) 669-7772 Fax: (604) 669-7701 Website: pemb.com ************************************************************************* This bulletin is sponsored and has been sent to you for no charge. THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY! To remove yourself from this mailing list, access this URL: stockwatch.com For more information about this service please contact the advertising department at Stockwatch 800.268.NEWS or 604.687.1500 ************************************************************************a