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Gold/Mining/Energy : Solana Petroleum Corp -- Ignore unavailable to you. Want to Upgrade?

To: Baba 2 who wrote (415)	11/24/1999 1:10:00 PM
From: Ed Pakstas	Read Replies (2) \| Respond to of 1747

From SOP's Nov.11/99 nr... >>>"The Hoff No. 1 is being drilled to an anticipated depth of 10,500 feet to test the deep gas potential of fractured carbonates in the Ordovician Trenton/Black River formation of the Appalachian Basin. This well is located 3,000 feet from the third well of Columbia Natural Resources," in its Cottontree field deep gas discovery, which was drilled on a large structure known as Vineyard ridge. Columbia is also currently drilling a fourth well in the Cottontree field. Solana will also have the option to participate on a well-by-well basis with a minimum working interest of 70 per cent, in an additional six-well, deep gas exploratory program on a 788-acre lease block held by Twist Energy on the Vineyard ridge structure, bracketing Columbia's wells on both sides. <<< ...ed

To: Baba 2 who wrote (415)	11/24/1999 1:20:00 PM
From: Taff	Read Replies (1) \| Respond to of 1747

Darn Baba, I completely missed that post. sorry :) Hmmm it looks like Solana will have to talk to Enron now on supplying gas to the east coast trunk lines... Be nice to get our rig back working again... should be close, day or two maybe... hope they are drilling by Monday at the latest... Then 3 to 4 weeks to TD another couple to test and with luck tied in by January, at 50mmcf/d looks to me like about $75,000.00 per day in Solana's jeans give or take... even at $25,000.00 per day, it will pay for all future drilling costs in W VA at a million dollars per month See ya Taff