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

To: knight who wrote (32)	12/3/1999 3:45:00 AM
From: burner	Respond to of 95

At least it didn't cost a bunch. The focus now shifts to the South Oakley and the deep drill project at the Disco Inferno. At least there is no grass growing under their feet! We still should be hearing something re the tie-in of the well they are partnered on with Source Energy. Dan

To: knight who wrote (32)	12/9/1999 6:37:00 PM
From: burner	Respond to of 95

I see today's release as very encouraging. The company is indicating a need to increase awareness and found another way to improve the financial situation. Streamlining administration should save them a quarter million per year. Management seems to have a responsible respect for the treasury. They recently sold some of their interest in the SEMITROPIC for $145,000 US and should realize another $125,000 -$175,000 US in annual cash flow from their partnership with Source Energy. I liked the idea they mentioned the cash value/share in this release too. It is the one single thing that makes me realize there can be almost no downside risk. That plus the fact that they have NO DEBT! If the ELH play takes off or ORL hits something at the Disco Inferno this stock could fly pretty high IMO. Today's Release: ---------------------------------------------------------- Olympic enters investor relations agreement Olympic Resources Ltd ORL Shares issued 10,654,378 Dec 8 close $0.30 Thu 9 Dec 99 News Release Mr. Daryl Pollock reports The company has entered into an investor relations agreement with Heath Ellingham under which the company will pay $3,000 per month to Heath Ellingham, plus a stock option, in consideration for his services provided under the agreement. With the completion of the recent sale of the company's Flat Lake gas facility in Alberta, the focus of Olympic's activities have substantially reduced the need to maintain an office in Calgary. Thus, the company will be closing its Calgary office on Dec. 31, 1999. All enquiries should be directed to Olympic's head office in Vancouver. Robert Martin has tendered his resignation as director and vice-president of oil and gas. He will continue to provide his services on a consulting basis, primarily for the company's California-based exploration activities. Jim Gotmy will also continue to provide his services on a consulting basis. Mr. Gotmy was previously vice-president of Canadian field operations. With over $3-million working capital (30 cents per share), well-financed Olympic continues to consider a variety of oil and gas opportunities, primarily in California. The company currently has involvements in three such projects: Semitropic Syndicate which holds 4,500 acres of oil and gas leased lands located in Kern county. The participants are developing plans to drill a test well to the approximate depth of 18,500 feet in order to test the subthrust fault play for Middle to Lower Miocene Monterey and Temblor formation targets in the area. Source Energy prospect in the drilling of three wells on approximately 800 net acres of oil and gas leased lands located in Kern county. Disco Inferno prospect in the drilling of an 8,200-foot wildcat test well in the South Oakley area of Northern California to test the third massive sands.

To: knight who wrote (32)	12/13/1999 1:14:00 PM
From: burner	Read Replies (1) \| Respond to of 95

Well, this one did hit. Should represent about $15-20k a month. Olympic receives Garrison well results Olympic Resources Ltd ORL Shares issued 10,654,378 Dec 10 close $0.27 Mon 13 Dec 99 News Release Mr. Daryl Pollock reports The company and partners have successfully drilled and completed the southeast Garrison city well 1 in the San Joaquin basin, Kern county, Calif. The well tested at approximately 2.4 million cubic feet a day of natural gas with 1,506 pounds of flowing tubing pressure and 1,535 pounds of shut-in pressure on a 16/64 inch choke. Olympic has a 9.5-per-cent working interest in the well. Source Energy, a private California company, is the operator of the well.

To: knight who wrote (32)	7/19/2000 1:14:41 PM
From: burner	Read Replies (1) \| Respond to of 95

Olympic Wilson prospect well results Olympic Resources Ltd ORL Shares issued 11,994,378 Jul 18 close $0.48 Wed 19 Jul 2000 News Release Mr. Daryl Pollock reports Olympic Resources and partners have successfully drilled the Wilson well in the East Rice Creek gas field in Tehema county in California. Olympic holds a 30-per-cent working interest (15-per-cent net revenue interest) in the well. The well encountered a depletion drive reservoir with four separate sand zones having a net pay of 85 feet. The well will be initially tested at approximately three million cubic feet a day of natural gas with a surface pressure of 2,000 per square inch. Target beds are the Cretaceous Forbes sands which are laterally discontinuous turbidites creating various types of traps. This well is a direct competitive offset approximately 250 feet south of the Royale Victor Ranch No. 1-20 well drilled and completed June 13, 2000, and currently producing two million cubic feet a day. The log from this well suggests the Wilson well encountered the best looking gas sand of any well in the East Rice Creek field. These data reveal excellent correlation between the Royale 4,800-foot zone to the Wilson 4,800-foot zone with the Wilson zone in an up-dip location to the Royale well. The most likely scenario to explain why the Royale well was drilled so close to the Wilson lease line is the presence of an anomaly beginning on the south edge of its 3-D data set and brightened as it exited its data set to the south and up-dip onto the Wilson acreage. Olympic and its partners are currently acquiring additional seismic data to confirm a follow-up well on the Wilson prospect.