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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?


To: skwint who wrote (6659)7/20/1999 1:06:00 AM
From: RIK  Read Replies (1) | Respond to of 24940
 
skwint / CGR

It is interesting to note that CGR traded up significantly the day after VTI made their press release ( CGR closed @.65 [+.25] on July 13 ).



To: skwint who wrote (6659)7/20/1999 8:52:00 PM
From: kingfisher  Respond to of 24940
 






































CIGAR OIL & GAS LTD. - UPDATES ACTIVITY

CALGARY, ALBERTA--
Rainbow, Alberta

Cigar Oil & Gas Ltd. announces that it has closed a property
acquisition in the Rainbow Area of North West Alberta from a
major independent company. The interests acquired consist of 78
boe/d of light oil and gas production (92% light oil) primarily
from the Devonian Keg River Formation, an interest in facilities,
and shut in/suspended wells. The purchase price for the
acquisition was $675,000 cash less adjustments. The transaction
closed on June 29, 1999 with an effective date of May 01, 1999.
The company is currently evaluating further development potential
on the lands and includes approximately 140,000 boe (proven + 1/2
probable) of reserves net to Cigar's interest.

Sahtenah, B.C. Prospect

Cigar is participating in the drilling of a test well on the
company's Sahtaneh project to evaluate the gas potential in the
Jean Marie formation. The well will be drilled at
d-90-J/94-I-12 to a total depth of 1400 meters then a 1500 meter
horizontal leg will be drilled. Cigar will pay 15% of the well
costs to earn 15% before payout and 10% after payout in the well
and a 10% working interest in an additional 5,760 acres of land
surrounding the test well. Cigar will have options to participate
in the drilling of additional wells to earn a further 13,780
acres of land on the prospect. The well commenced drilling on
June 22, 1999 and should reach total depth in early July 1999.

Cigar Oil & Gas Ltd. is an oil and gas exploration, development
and production company with activities focused in Western Canada.

For further information, please contact:
Brian H. Gore (403) 266-3030
President & Chief Executive Officer

THE ALBERTA STOCK EXCHANGE NEITHER APPROVED NOR DISAPPROVED OF
THE INFORMATION CONTAINED HEREIN.

Cigar Oil & Gas Ltd.
2200, 700 - 6th Avenue S. W. Telephone: (403) 266-3030
Calgary, AB T2P 0T8 Fax: (403) 263-2569




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To: skwint who wrote (6659)7/20/1999 10:36:00 PM
From: kingfisher  Read Replies (1) | Respond to of 24940
 
Cigar CGR

carlsononline.com



To: skwint who wrote (6659)8/6/1999 5:07:00 PM
From: kingfisher  Read Replies (1) | Respond to of 24940
 
Veteran Resources Inc -
Veteran closes private placement
Veteran Resources Inc VTI
Shares issued 14,241,503 1999-08-05 close $1.35
Friday Aug 6 1999

Mr. Donald Jewitt reports
The corporation has completed a private placement of 900,000 common shares on a flow-through basis at $1 per share to raise gross proceeds of $900,000. Yorkton Securities Inc. acted as agent on the offering. A further $100,000 in proceeds is expected to close next week.
The corporation is currently participating in a well being drilled in the Edson area, which was spudded in early August.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

old url (better for printing)



To: skwint who wrote (6659)8/10/1999 8:59:00 PM
From: kingfisher  Read Replies (1) | Respond to of 24940
 
Part of Veteran Resources August 6th release to Sedar.
Problem in this is Edson is in Alberta.A typo?
........................................................................
The Corporation has completed a financing by the sale of 900,000 common share at $1.00 per share to raise gross proceeds of $900,000. Yorkton Securities Inc. acted as agent on the offering. A further subscription of $100,000 is expected to be received and closed in the week of August 9, 1999. The 900,000 common shares issued to date have been issued as flow through shares. The funds raised are expected to be expended on the Corporation's properties in northeastern British Columbia and northwestern Alberta. The Corporation is currently participating in the drilling of a well in the Edson area of British Columbia, where it is paying 25% of the costs of drilling the initial well.
......................................................................



To: skwint who wrote (6659)8/23/1999 5:18:00 PM
From: kingfisher  Read Replies (1) | Respond to of 24940
 
Skwint/RTA/VTI/TKE/CGR
Perhaps it is Renata that has the other 25% in North East B.C.with Tusk Energy,Veteran Resources,Cigar Oil & Gas?

I have pasted part of Renata's exploration updates released today.

......................................................................
In the Gunnell area of northeast British Columbia, Renata
participated in the drilling of an underbalanced horizontal
discovery well at d-90-J/94-I-12, targeting the Jean Marie
Formation. This was the first well successfully drilled with
this new technology. Tie-in of the d-90-J well is anticipated to
be complete in the next two months. A second similar location is
currently under construction at b-95-K/94-I-12, and the well is
anticipated to spud in September 1999.