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Gold/Mining/Energy : Olympic Resources ORL:VSE -- Ignore unavailable to you. Want to Upgrade?


To: Len Hynes who wrote (3)11/6/1999 11:18:00 AM
From: burner  Read Replies (1) | Respond to of 95
 
Len--They are drilling , or have been. They have had 3 shallow well projects and hit on one (I have seen elsewhere that it was Garrison). They are playing their cards right on any deep drilling in that they are waiting for the big boys like Berkely to spend their money first. The EKHO project are drilling a 17,000' well into an identical trap along the same geological trend.
In the meantime ORL looks like they will tie in some shallower formations, generate a bit of cash flow, and wait for results on the deeper drilling. They certainly are positioned nicely in terms of property locations.
Dan



To: Len Hynes who wrote (3)11/17/1999 9:54:00 PM
From: burner  Respond to of 95
 
Just received by fax tonight. The EKHO Project
states that they have begun site prep for first deep well. They expect to start rigging up by Dec 6th. This is about 8 miles East of the Bellevue blowout and the SEMITROPIC syndicate is only 4.5 miles east of the blowout on the Buttonwillow fault. This puts the Olympic Lands in the middle of these two deep prospects along trend!! I wish EKHO well!!! (pun intended).
Len, where have ya' been? We need you back to help keep this forum going. LOL