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Gold/Mining/Energy : DALTON RESOURCES DAL:ASE -- Ignore unavailable to you. Want to Upgrade?

To: Scotchman who wrote (479)	10/20/1999 11:53:00 AM
From: kingfisher	Read Replies (1) \| Respond to of 486

Dalton Resources Ltd. - Strachan Placed On Stream CALGARY, Oct. 20 /CNW/ - Doug Robertson, President of Dalton Resources Ltd. (DAL.ASE) is pleased to report that the Strachan 2-22-38-9W5M well has been tied-in and placed on production. Pipeline and wellsite construction was completed on October 11, 1999 with the 2-22 well being placed on stream October 12, 1999. During the most recent five day period, the 2-22 well flowed in excess of 7.0 MMCFD of raw gas from the Swan Hills formation. The gas is processed at the Strachan gas plant under a processing agreement with Gulf Midstream Services. Dalton's 15% BPO working interest in the 2-22 gas production is marketed through a contract based on AECO daily spot market pricing which currently exceeds $3.50/GJ. With the commencement of production at Strachan, Dalton now produces approximately 160 BOEPD of which 75% is gas production. Dalton remains debt free and continues to evaluate various opportunities to enhance shareholder value. THE ALBERTA STOCK EXCHANGE NEITHER APPROVES NOR DISAPPROVES OF THE INFORMATION CONTAINED HEREIN. -30- For further information: Doug Robertson, President, (403) 264-0622