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Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: midbob who wrote (315)	9/22/1999 6:32:00 PM
From: Gabe Heti	Read Replies (1) \| Respond to of 359

In case anyone has not seen this news release. Shouldn't they have know immediately if they hit gas? Golden Arch advised that Alkali Draw well completed Golden Arch Resources Ltd GAI Shares issued 21,116,358 Sep 21 close $0.08 Wed 22 Sept 99 News Release Mr. D.K. Greenlaw reports Golden Arch has been advised by the operator, Commonwealth Energy, that drilling has been completed on the F24-Beltech well in the Alkali Draw prospect in the Power River Basin of Wyoming. An electric log analysis has also been completed and casing is currently being set in the well. Well completion is slated for the second week of October, 1999, and the results will be released when received. The company has a 10-per-cent working interest in the play. The target formation successfully encountered is channel sand and oil and gas in the Fall River (Dakota) horizon. The 2,300-acre Alkali Draw prospect is thought to be similar to Coyote Creek, which lies seven miles away on the same Fall River trend. To date, Coyote Creek, an oil and gas field discovered in 1958, has produced over 28 million barrels of oil and 25 billion cubic feet of gas from the Dakota formation. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com