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

To: knight who wrote (24)	11/22/1999 11:02:00 PM
From: burner	Respond to of 95

Must have missed that NR. It has been generally understood that they would spud in November. Apparently they hit at Garrison but I don't know if it is tied in yet. Source Energy (the operator) is looking to grab more property in the area and have not wanted to say too much about it. Total crap re Werbes IMO. It had nothing to do with the company but the fact he is an attorney and found in contempt does bring the media out and his association with Olympic. I feel sorry for the fellow. His personal life on display, and a tumultuous divorce proceeding. Fate has dealt this family a very cruel blow. I digress, I feel really positive about this company. They know how to stay in the black- and for a VSE based resource co, this in itself, is remarkable. I have spoken with the company and came away feeling that they have a plan an know how to carry it through. I would not be surprised to see this go to 2 or 3 bucks and to the TSE eventually. That would be "a good thing".

To: knight who wrote (24)	11/23/1999 2:38:00 AM
From: burner	Read Replies (1) \| Respond to of 95

The SEMITROPIC Syndicate is pleased to announce that it has signed a joint operating agreement with Production Specialties Company, Bakersfield, California. Preparation work has now commenced to drill its first shallow target to a depth of 4,100 feet in the Mya sands. The planned spud date is November 24, 1999. The SEMITROPIC Syndicate consists of the following consortium of companies of which Olympic (ORL:VSE)is the syndicate manager: orlresources.com Company Working Net Revenue Interest(WJ) Interest (NRI) Olympic Resources (Arizona) Ltd. 25% 18.75% Dasher Energy Corp 25% 18.75% Sur American Gold Corp 12.5% 9.375% Goldwater Resources Ltd. 10% 7.5% Clifton Star Resources Inc. 7.5% 5.625% Herriman Oil & Gas Inc. 5% 3.75% ITL Capital Corp. 5% 3.75% Braiden Resources Ltd. 5% 3.75% Rocraven Resources Ltd. 5% 3.75% The SEMITROPIC Syndicate holds a 100% working interest (75% net revenue interest) in 4,500 acres of oil and gas leased lands located in Kern County, California. This represents one of the largest contiguous blocks of land in the San Joaquin Valley near the Lost Hills play. The participants are also developing plans to drill a test well to the approximate depth of 18,500 feet to test the sub. thrust fault play for Middle to Lower Miocene targets in the area. The Temblor is the locus of tremendous interest in the oil and gas industry since the blow out of East Lost Hills Bellevue #1 in late November 1998. The recent activity at Cal Canal suggests that most, if not all, structures in the deeper part of the Basin are filled with hydrocarbons. The Syndicate property lies 4.5 miles east of the East Lost Hills well over a portion of a deep seated structure called the Buttonwillow fault, a major geological feature readily apparent on the seismic data. The Syndicate has acquired an extensive seismic and geological data base over its lands and adjoining acreage that indicate potential hydrocarbon traps in sands in the Temblor Formation. A separate syndicate described as the EKHO project recently announced that site preparation has begun for the first well of its deep oil and gas exploration play. The EKHO project's chosen location lies approximately 3 miles southeast of the SEMITROPIC Syndicate lands in a trap very similar to that found on the SEMITROPIC prospect along the same geological trend. TEL: (604) 689-1810 Daryl Pollock, President, Semitropic Syndicate Web Site: semitropicsyndicate.com