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Gold/Mining/Energy : Shamrock Resoures Inc. shj.v -- Ignore unavailable to you. Want to Upgrade?

To: bcjt who wrote (27)	2/29/2000 10:02:00 PM
From: bcjt	Read Replies (1) \| Respond to of 34

Shamrock's Oro Fino prospect assessment Shamrock Resources Inc SHJ Shares issued 11,061,200 Feb 28 close $0.38 Tue 29 Feb 2000 News Release Mr. Vladimir Katic reports An independent third party engineering report has concluded that based upon the assessment of the reservoir parameters in the Vaqueros Sand, in the Oro Fino prospect, recoverable reserves of 20.68 million barrels are estimated. Based on solution gas and water drive recovery mechanism and initial well flow rates of 900 barrels of oil per day were estimated. Well site construction for drilling ranch well No. 1 has been completed. Well drilling and logging program together with an AFE are completed. Shamrock's interest in the well is 20 per cent WI and a drilling cost of $530,000 (U.S.). Shamrock is currently in discussion with investment parties to raise its share of the well cost. The spud date for the well is March 31, 2000, or some later date, depending on availability. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com bcjt