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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge -- Ignore unavailable to you. Want to Upgrade?

To: SAM-DAN who wrote (8018)	4/29/2002 12:02:10 PM
From: Rocket Red	Respond to of 11802

Copper Creek Ventures Ltd - News Release Copper Creek Green River drilling to begin this month Copper Creek Ventures Ltd CPV Shares issued 9,626,843 Apr 26 2002 close $.270 Monday Apr 29 2002 News Release Mr. Bing Jung reports FUNDING OF GREEN RIVER BASIN DRILLING PROGRAM FORWARDED Financing of the Green River basin drilling program has been forwarded to CP Resources, operators of the Green River basin project. CP Resources LLC, operator of the Green River basin project, has entered into a contract with Dynatec Drilling, Inc., of Salt Lake City, Utah, to drill two wells on its East Salt Wells Creek coal bed methane prospect in Sweetwater county, Wyoming. Drilling is expected to commence later this month and it is anticipated that the drilling program will take up to three weeks. The drilling plans include the coring of the Almond coal section in at least one of the two wells. This will allow for determination of the gas in place in the coal section and the potential permeability of the coal. The desorption process will take up to 60 days to complete during which time the company will be formulating its completion program for the first two wells. Subject to favourable results of this evaluation, the company intends to expand its program in the third quarter of 2002 by drilling two pods of wells surrounding the initial two wells. Each pod will consist of five to eight producing wells and a water disposal well. It is anticipated that the wells could be put on production prior to the end of 2002. Development of the Almond coal section is continuing in the area with numerous wells being drilled and put on production. Copper Creek will pay 35 per cent of the costs of the initial two wells to earn a 21.4375-per-cent working interest. Other working interest owners paying for the initial test wells are Kodak Oil & Gas Corp. 40 per cent, earning 24.5 per cent and Portrush Petroleum Corp. 25 per cent, earning 15.3125 per cent. Through the drilling of the initial wells, the companies will earn a continuous drilling option under approximately 15,000 gross acres. The drilling of the Salt Wells field development Second Frontier well will commence the second quarter of 2002 subject to lease stipulations. All drilling permits and right of way applications for the Salt Wells Federal No. 12-12 well have been completed and filed. (c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing) Detailed Quote COPPER CREEK VENTURES LTD