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

To: knight who wrote (36)	12/21/1999 9:54:00 AM
From: burner	Respond to of 95

Yes it is. There are two other wells there. One at the Bowerbank was abandoned due to the drilling ass'y problems. I think they may re-enter. Source Energy is a private company. Thus information about this project will likely be sketchy. I have heard that they (Source) are looking to acquire more land. These shallow wells are easily tied in and generate cash pretty quickly. It will be interesting to see Olympic's level of participation if Source does pick up more property. I think organizational efforts will now focus on the Disco Inferno, where the deep drilling is expected to spud in later January. They are partnered with another private company on that one. Dan

To: knight who wrote (36)	1/11/2000 1:14:00 PM
From: burner	Respond to of 95

Olympic to participate in West Denverton Creek Olympic Resources Ltd ORL Shares issued 10,654,378 Jan 10 close $0.26 Tue 11 Jan 2000 News Release Mr. Daryl Pollock reports Olympic Resources has entered into an agreement to participate in a 15-per-cent working interest in the West Denverton Creek exploration project. Olympic has paid $45,000 (U.S.) for its interest in 3,200 acres, including seven square miles of 3-D seismic data which have identified three drill ready targets. An additional $45,000 (U.S.) has been advanced for Olympic's share in the Glide-Colby 2-30 test well spudded today, Jan. 11, 2000. The project is located in Solano county, California, northwest of the Rio Vista gas field, which has produced more than 3.5 trillion cubic feet of gas. Three gas fields lie two to nine miles south of the project area. The Van Sickle Island-Ryer Island-Suisun Bay-Kirby Hill-Denverton Creek area is one of the most prolific producing trends on an acre-by-acre basis yet to be evaluated using 3-D seismic in the Sacramento basin. This area typically offers shallow hydrocarbon reserves of less than 6,000 feet in depth and is relatively underexplored. Primary target beds in the project area include the early Tertiary/Domengine and Anderson/Wagenet sands on the east side of the Kirby Hills fault system. This north-south trending fault has been identified by seismic data and is similar to that found in the Kirby Hills field six miles south which has produced 54 billion cubic feet from less than 300 acres. The Glide-Colby 2-30 test well will test a trap established by a structural closure along the primary north-south normal fault which is part of the Kirby Hills fault zone. The well is designed to test the up-thrown block of the fault, which is believed to have 300 feet of closure. Two other drill locations to the north are established by two cross faults within this fault zone. The intersection of these cross-faults with the primary north-south normal fault creates potential traps for both locations. All drill holes will target the Domengine and Anderson/Wagenet sands which have produced in nearby fields. Thicknesses for these sand beds within the project area are 150 feet in the Domengine and 900 feet in the Anderson/Wagenet. The area is easily accessible and pipeline infrastructure is in place.

To: knight who wrote (36)	7/5/2000 11:47:46 PM
From: burner	Respond to of 95

Olympic 30 per cent interest in Wilson prospect Olympic Resources Ltd ORL Shares issued 11,519,376 Jul 4 close $0.44 Wed 5 Jul 2000 News Release Mr. Daryl Pollock reports Olympic Resources Ltd. has agreed to participate to the extent of a 30-per-cent working interest (15-per-cent net revenue interest) in a well presently being drilled on the Wilson prospect in Tehema county, Calif. The prospect is located in the East Rice Creek gas field. Target beds are the Cretaceous Forbes sands which are laterally discontinuous turbidites creating various types of traps. This is a low-risk play since the Wilson well is a simple direct competitive offset play some 250 feet south of the Royale "Victor Ranch" No. 1 to 20 well drilled and completed June 13, 2000, and currently producing two million cubic feet per day. Production is from a Forbes gas zone between 4,780 to 4,870 feet and another gas zone from 5,240 to 5,250 feet. The Royale well was drilled 145 feet from the Wilson prospect and their electric log has been released to the public. The log reveals they encountered arguably the best-looking gas sand of any well in the East Rice Creek field. The data reveals 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 their 3-D data set and brightened as it exited their data set to the south and up-dip onto the Wilson acreage. This well was spudded on July 3, 2000.

To: knight who wrote (36)	9/5/2000 11:30:15 PM
From: burner	Respond to of 95

Olympic board reappointed; California update Olympic Resources Ltd ORL Shares issued 11,994,378 Sep 1 close $0.47 Tue 5 Sept 2000 News Release Mr. Darryl Pollock reports Olympic Resources held its annual general meeting in Vancouver on Aug. 31, 2000, and the following persons were reappointed to the board of directors: Daryl Pollock, president and chief executive officer; Patrick Forseille, chief financial officer; Dr. Ken Friedman; Dr. David Cooke; John Pierce; and Peter Jensen. The company has provided an update on its oil and gas operations in California. Pilgrim No. 44-8 The Pilgrim No. 44-8 well on the Rancho Capay gas field in Tehema county, California, was successfully drilled and tested in August. Olympic holds a 20-per-cent working interest in the well which will be put on initial production later this month. Olympic and its partners are currently reviewing seismic and well data to confirm a follow-up well on the Pilgrim prospect to be drilled in the near future. Wilson No. 2-20 The Wilson No. 2-20 gas well in Tehema county was successfully drilled in July. The current daily rate of production is approximately three million cubic feet a day. Olympic and its partners are currently acquiring additional seismic data to confirm a follow-up well on the Wilson prospect. SE Garrison City No. 1 The SE Garrison City No. 1 gas well has been producing since late May at approximately two million cubic feet a day. Management expects that total production from the three wells, once the Pilgrim well is tied in, will result in monthly cash flow to Olympic of approximately $100,000 (U.S.) per month.