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Gold/Mining/Energy : Vulcan Minerals - C.VUL -- Ignore unavailable to you. Want to Upgrade?

To: Cyber Rock who wrote (247)	7/26/1999 7:46:00 PM
From: jerry janko	Read Replies (1) \| Respond to of 415

OIL AND GAS Vulcan Minerals (VUL:ASE) received approval from the Newfoundland Department of Mines and Energy to drill an on-shore petroleum well at Flat Bay, in the Bay St. George's Basin. The company reports that the well has a projected total depth of 300 m and will be drilled with a cable-tool rig. The target is a Carboniferous-aged conglomerate-sandstone, the upper zone (16.0 m) of which was previously intersected by a continuous core test hole and shown to be oil bearing. The target remains open at depth and the pending well will test for reservoirs within the formation. (July 26/99)