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Gold/Mining/Energy : Golden Arch Resources---GAI.V -- Ignore unavailable to you. Want to Upgrade?

To: andre dallaire who wrote (334)	4/5/2000 11:20:00 AM
From: andre dallaire	Read Replies (1) \| Respond to of 359

News release Golden Arch Resources Ltd. Trading Symbol: GAI (CDNX) News Release GOLDEN ARCH TO BEGIN DRILLING FOR OIL & GAS IN WYOMING & TEXAS OIL & GAS WELL IS NOW BEING PUT ON PRODUCTION Vancouver April 3, 2000- Golden Arch Resources Ltd. is pleased to announce that equipment is now being moved on site to build location and begin drilling of the DRISCOLL 22-19 well on the Company's 10% owned MADREN DRAW PROSPECT in Wyoming. The well will be drilled to the Fall River (Dakota) Formation at an approximate depth of 5,500 feet. The principle drilling objective is to discover Oil & Gas in the Channel Sands of the Fall River (Dakota) Formation. Further to the company?s news release of March 29, the Company will issue 200,000 common shares of the company to be carried to casing point for a 7% working interest in the initial test well to be drilled on the prospect. The Madren Draw Prospect covers 3,400 acres and is located in Weston County, Wyoming. It lies within the famous oil & gas producing region known as the Powder River Basin in northeastern Wyoming. Two extensive geologic studies have been completed on the Prospect, both of which conclude that the Madren Draw may have geological similarities to a discovery in the Fall River (Dakota) Formation in 1958 known as the Coyote Creek Oil & Gas Field. To date the Coyote Creek Field has produced over 30 Million Barrels of Oil & 25 Billion Cubic feet of Gas. The Coyote Creek Field lies 7 miles northwest of the Madren Draw Prospect. It has also been reported that the company?s 10% owned Warren/Thurmond #2 well located on the 2,600 acre Camp Colorado Prospect in Coleman County, Texas is now being tied in to the production facility. In reference to Golden Arch News release dated March 29, 2000 the Warren/Thurmond #2 well flow tested at 98.6 Barrels of Oil / Day and 520,000 Cubic feet of Gas / Day on a 18/64 inch choke and open flow tested at 700,000 Cubic feet of Gas / Day. With two wells currently producing on this Prospect, a further development drilling program is now in the planning stages.