Silicon Investor (SI) -- The First Internet Community

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 : Curion Ventures (CUV:VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (163)	8/25/1999 9:47:00 AM
From: Taff	Read Replies (1) \| Respond to of 200

Curion Ventures particulates in California exploration project Curion Ventures Corp CUV Shares issued 11,041,146 Aug 24 close $0.41 Wed 25 Aug 99 News Release Mr. Eugene Larabie reports Curion Ventures Corporation has executed a participation agreement and a joint operating agreement with Tri-Valley Oil and Gas. In order for Curion Ventures to earn its working interest in Tri-Valley's Ekho project, it is required to finance 20 per cent of the initial $9.5-million (U.S.) authority for expenditure. The AFE includes a $1-million (U.S.) contingency. The Ekho project is a deep oil and gas exploration project in the San Joaquin Valley, Kern County, Calif., east of the Bellevue No. 1 well. It is expected that the first Ekho project well will be spudded in the third quarter of 1999. Tri-Valley will be the operator and will conduct all drilling and production operations on the Ekho project. Pursuant to the participation agreement, Tri-Valley will be carried for 12.5-per-cent interest through drilling and completion. After completion, Tri-Valley will pay its proportionate share of well costs. After the partners are paid back their drilling and completion costs from production, Tri-Valley will back in for an additional 12.5 per cent to bring its working interest to 25 per cent. Curion Ventures must participate in the first well in the project to earn the right to participate in any further wells and must further participate in the first three wells in order to earn the continuing right to participate on a heads-up basis in other wells drilled within an area of mutual interest. The Ekho project area is in the Southern San Joaquin Valley, Kern County, Calif., one of North America's richest and most historic petroleum basins. The valley district has produced 11.4 billion barrels of oil and 7.1 trillion cubic feet of gas from 22 giant fields and dozens of smaller fields since the early 1900s. Tri-Valley started leasing acreage in the project area in 1997 and has, to date, leased approximately 10,000 acres within the area of mutual interest. The Bellevue No. 1 blowout demonstrated that California's Great Central Valley has the potential to exploit even deeper reserves of oil and gas and the flow rates indicate that giant reserves of oil and gas are possible. The similarities that exists between the stratigraphy and structure of the Bellevue No. 1 and Ekho project area, coupled with the presence of oil and gas in the surrounding wells, indicate that the Ekho project has the potential for a discovery similar to Bellevue No. 1. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Spiney who wrote (163)	9/14/1999 8:43:00 PM
From: bcjt	Read Replies (1) \| Respond to of 200

Curion Ventures property acquisition Curion Ventures Corp CUV Shares issued 11,041,146 Sep 13 close $0.42 Tue 14 Sept 99 Acquisition The Vancouver Stock Exchange has accepted for filing documentation pertaining to a participation agreement dated Aug. 24, 1999, between the company and Tri-Valley Oil and Gas Co. whereby the company will acquire a 17.5-per-cent working interest in the initial well to be drilled on the Ekho project oil and gas property in the San Joaquin Valley, Kern County, Calif. In consideration, the company will finance 20 per cent of Tri-Valley's property acquisition and work program costs, including drilling the initial well, at an estimated total cost of $1.9-million (U.S.). Tri-Valley will have a 12.5-per-cent carried interest before payout of the well, which will convert to a 25-per-cent working interest after payout and will result in a reduction of the company's working interest to 15 per cent. A finder's fee is payable to Paul Fenton on this transaction in the amount of 375,500 shares to be issued upon closing the transaction. Up to an additional 320,000 shares may be issued to Mr. Fenton based upon further exploration costs to be incurred by the company after the initial well is drilled on the property, subject to further exchange approval. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com bcjt