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Gold/Mining/Energy : POE:VSE PAN OCEAN EXPLORATIONS INC. -- Ignore unavailable to you. Want to Upgrade?

To: Taff who wrote (267)	11/7/1999 5:13:00 PM
From: Len Hynes	Respond to of 277

Hi Taff; I'm hearing that the East Thornton play is about a week away from spudding...we should see some action come into Pan Ocean stock in the coming days.Here is the press release on the E.T acquisition: Silverarrow to participate with Pan Ocean and Hilton on project Pan Ocean Explorations Inc POE Shares issued 3,031,035 1999-09-20 close $0.55 Monday Sep 20 1999 See Silverarrow Explorations Inc (SVI) News Release Mr. Robert Grey reports The company has executed an agreement with Pan Ocean Explorations Inc., a company with two common directors, pursuant to which the company will be acquiring from Pan Ocean a 45-per-cent working interest in the East Thornton project, northern San Joaquin Valley, Calif. Pan Ocean will also own a 45-per-cent working interest, and Hilton Petroleum Ltd. will have a 10-per-cent carried interest in the project. In consideration for acquiring the 45-per-cent interest, the company will make a cash payment to Pan Ocean of $250,000. The company will also pay $173,500 (U.S.) for land acquisition costs. Furthermore, the company will then finance all further costs on a pro rata basis with Pan Ocean. Hilton has a 10-per-cent carried interest in the East Thornton project for the land acquisition costs and drilling the first well. Hilton must participate on a working interest basis on all further wells. The original vendor of the East Thornton project, Archer Explorations Inc. of Bakersfield, Calif., shall have the right to back in to a 20-per-cent working interest in the area of mutual interest (AMI), after $6-million (U.S.) net revenue has been generated and or, back in within 30 days of the completion and testing of the first well, at Archers' discretion. The East Thornton project covers 3,000 acres and is approximately 60 miles north of Bakersfield, Calif., within the northern San Joaquin Valley. The area is a prolific gas producer having accounted for over 75 per cent of the regions 9.5 trillion cubic feet of gas production. Three prospects within the AMI (West Galt, Woodbridge and North Woodbridge) will test objectives within the Winters formation, a thick sequence of porous, submarine sandstones. Although major reserves have been produced elsewhere in the basin from equivalent rocks, in the northern San Joaquin Valley few wells have penetrated this formation. Wells testing these sands were drilled on shallow structures not coincident with deeper structures and stratigraphic traps. The companies have identified within this deep trend, three areas that are highly prospective for accumulations in sandstones at depths between 7,000 and 9,000 feet. These targets have been generated from approximately 47 miles of 2-D seismic. Seismic anomalies elsewhere in the basin have been identified with large, productive gas fields. The companies plan to commence immediately the contracting of a 3-D seismic program to be completed over the next 90 days. Information provided by the survey will further define existing drill targets. Well drilling is to commence in early 2000. The company has arranged a non-brokered private placement of 6.5 million units at 15 cents per unit for the raising of $975,000. Each unit consists of one common share and one share purchase warrant entitling the holder to purchase another share of the company for one year at a price of 20 cents. Silverarrow will use the proceeds of the private placement to finance the company's commitments to Pan Ocean Explorations Inc. and the 45-per-cent working interest in the East Thornton project. A finder's fee is payable with respect to the above transaction, All of the above transactions are subject to approval by the Vancouver Stock Exchan

To: Taff who wrote (267)	11/18/1999 8:48:00 AM
From: Len Hynes	Respond to of 277

NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: ASTER VENTURES CORP. VSE SYMBOL: ASV AND CURION VENTURE CORP. VSE SYMBOL: CUV AND LUCRE VENTURES LTD. VSE SYMBOL: LVD AND BERKSHIRE INTERNATIONAL MINING LTD. VSE SYMBOL: BKR AND CVL RESOURCES LTD. VSE SYMBOL: CVL AND CONSOLIDATED BRADBURY INTL. EQUITIES LTD. VSE SYMBOL: CBN AND CURLEW LAKE RESOURCES INC. VSE SYMBOL: CWQ AND PAN OCEAN EXPLORATIONS VSE SYMBOL: POE AND PRAIRIE PACIFIC ENERGY CORP. ASE SYMBOL: PRP NOVEMBER 18, 1999 EKHO Project Commences Operations VANCOUVER, BRITISH COLUMBIA--The EKHO Project consortium of nine Canadian independent resource and venture capital companies announce that operator Tri-Valley Oil & Gas Co. (TVOG) has begun site preparation for the first well of its deep oil and gas exploration play located east of Lost Hills, California and expects to start rigging up by December 6, 1999 as reported today by Joseph R. Kandle, TVOG president. The EKHO Project's first prospect keys off two deep wells, including the 1972 Tenneco/Great Basins 31X-10, which for a time held the California depth record at 21,640 feet, and the 1977 Tenneco/Union/Great Basins 66X-3 well, which bottomed at 18,876 feet as America's deepest oil producer according to the February, 1999 issue of World Oil Magazine. Kandle was vice president and chief engineer for Great Basins Petroleum from 1972 to 1981 and oversaw the drilling of several deep, high pressure, high temperature wells, including the 31X-10 and 66X-3, in California's Great Central Valley. The southern portion is called the San Joaquin Valley and its deeper horizons are emerging as North America's biggest onshore oil and gas plays with targets in the billions of barrels of oil and trillions of cubic feet of gas in place. TVOG began its quest after purchasing the old Great Basins well log and map library in 1997 and retained its former president, Charles Hatten, as a geological consultant. In reviewing the Great Basins deep plays, TVOG believed that techniques developed in the ensuing 25 years could overcome adverse downhole conditions and began leasing land along the trend. "We are especially emboldened by the downhole information contained in the logs of the 66X-3 well, which is loaded with oil and gas shows for an interval exceeding 10,000 feet. Reprocessing techniques and new studies have further enhanced the prospectivity of this area," Kandle said. While Tenneco was the Operator drilling the 66X-3, Kandle was Great Basins' vice president and chief engineer and is very familiar with the well and the untested potentials that it indicates despite its abandonment by Tenneco in 1977. "The whole deep play is a gift from the major oil companies walking away from California as an exploration province in the last 25 years," Kandle noted. "We are beginning our Ekho Project about eight miles east of the Bellevue No. 1 which blew out last year at Middle East rates and believe we are about 2,000 feet high to that structure," Kandle said. In 1998, a different group of Canadian and American companies began drilling a deep test around the Lost Hills Oilfield, 45 miles northwest of Bakersfield, California. At 17,646 feet the well blew out at initial rates estimated to exceed 100 million cubic feet per day, confirming TVOG concepts about the potential of huge reserves with high deliverability rates at depth. "With our Canadian partners, we are entering the new century and the new millennium with a bonanza-type international play, smack in the middle of the premier market of California, the world's seventh largest economy," says Lynn Blystone, President and CEO, Tri-Valley Oil and Gas Corp. /T/ The EKHO Project Consortium: Company Stock Trading Percentage Exchange Symbol --------------------------------------------------------------------- Aster Ventures Corp. VSE ASV 20% Curion Venture Corp. VSE CUV 20% Lucre Ventures Ltd. VSE LVD 12% Berkshire International Mining Ltd. VSE BKR 10% CVL Resources Ltd. VSE CVL 9.64% Consolidated Bradbury Intl. Equities Ltd. VSE CBN 5% Curlew Lake Resources Inc. VSE CWQ 5% Pan Ocean Explorations VSE POE 5% Prairie Pacific Energy Corp. ASE PRP 5% Other Parties 8.36% /T/ Additionally, seven of the companies that form the EKHO Project consortium have retained the services of ACC Axis Investor Relations Corp., a full line communications company. ACC Axis will devote its efforts toward servicing the retail and brokerage community. /T/ The Companies that will be represented by ACC Axis include: Aster Ventures ASV-VSE Berkshire Int'l Mining BKR-VSE Cons. Bradbury Int'l CBN-VSE Curion Ventures CUV-VSE Curlew Lake Res. CWQ-VSE Lucre Ventures LVD-VSE Prairie Pacific Energy PRP-ASE /T/ On Behalf of the EKHO Project Consortium David Patterson, Chairman The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the accuracy of this release. The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. -30-