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Microcap & Penny Stocks : The New Corporate Vision Inc. ( CVIA ) -- Ignore unavailable to you. Want to Upgrade?


To: mulla711 who wrote (3213)10/29/1999 9:01:00 PM
From: K A Anderson  Read Replies (1) | Respond to of 3596
 
Cross post, with the well info. The news will be out before the open on Monday, so I will give you guys a rough detail of what we have. The well is completed. But not all the tanks and pipelines, so we are running on limited production for now. Trucking the oil out as the tanks fill up. Unfortunately without a pipeline he is having to flair or simply release the natural gas.

Here is what we have and I am going to validate things step by step.

There was only one payzone brought in (the big one the Ellenburger)the upper two or three zones cemented up and in reserve for future use. There seems to be a bunch of oil up above, sitting in reserve, But we dont really need them!!! The Ellenburger is a handfull as is.

The well free flowed and continues to free flow (no pumps just natural pressure) through a very restricted 3/8th inch pipe (very small.) In the last 24 hours 112 barrels of oil and an uncalculatable amount of Natural Gas... no water just West Texas intermediate oil.
Keep in mind this is unassisted flow through a 3/8th inch opening. That is some serious flows and pressure.

Rod and I spoke at length about this, he is concerned if we kick out the stops and really crank up the production XXX amount of barrels per day, we could burnout the well... start pumping water or any number of technical nasites down hole. We just let the well set the pace and dictate the terms (for now.) Its a matter of quick kill verses the long haul.

Here is something else we apparantly have the same type or a similar type of well as some of those that were brought in in the 1920's... which are still pumping (at reduced rates) so in other words we have opted for longevity as opposed to a quick kill, quick burnout. Who knows Rod may have made us a well that will out live all of us!

Anyhow this is all the details I and Rod are comfortable revealing until the PR. But there is alot of oil and gas coming out of that well!!!

KAA



To: mulla711 who wrote (3213)11/1/1999 9:44:00 AM
From: mulla711  Read Replies (1) | Respond to of 3596
 
(BSNS WIRE) Corporate Vision Inc. and ROCO Petroleum, Inc. Announces the
Corporate Vision Inc. and ROCO Petroleum, Inc. Announces the Successful
Completion of the Hodges No. X-1 Well


Business Editors

TULSA, Ok. and Abilene, Texas--(BUSINESS WIRE)--Nov. 1, 1999--
Corporate Vision Inc. (OTCBB: CVIA) is pleased to announce on the
behalf of CVI-Resources (a wholly owned subsidiary of CVIA.) In its
first joint venture with ROCO Petroleum, The Hodges No. 1-X was
successfully completed in the Ellenburger Dolomite formation on
Thursday October 28th.
The Hodges No. X-1 well is a multi payzone well located in Jones
County, Texas. ROCO completed the deepest of three payzones they
believe to be productive of oil and gas. The well came in flowing at
112 BOPD with no water and an undeterminable amount of natural gas.
ROCO perforated 5,349' to 5,355' with thirteen holes (two shots per
foot). The perforations were cleaned up with a 300 gallon acid
treatment (7 1/2% HCL). The well kicked off flowing and was hooked up
to a test tank for further testing and production. ROCO chose to leave
the upper two payzones inactive and as resesrves for future
production.
ROCO will begin installation of necessary surface equipment and
storage tanks as soon as possible. Upon installation of separation
equipment, an evaluation of the gas volumes and qualities will be made
and presented for gas purchasers' review. Historic gas to oil ratios
in the area from this formation have been 800 - 1000 : 1.
CVI-Resources is thirty percent owner of the Hodges No. X-1 and
is negotiating to enter into additional Texas drilling projects with
ROCO Petroleum Inc.
For further information please contact CVI-Resources (918) 307
2243 or email CVIA@Ragingbull.com

--30--PS/ch*

CONTACT: Keith Anderson, 918/605-7335

KEYWORD: OKLAHOMA TEXAS
INDUSTRY KEYWORD: OIL/GAS MINING METALS

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