Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: buylow_sellhigh who wrote (116960)	7/22/2003 12:55:29 PM
From: Patricia Meaney	Read Replies (1) \| Respond to of 150070

FRCD - had more news on the wells and it didn't seem to do didley for it: Fairchild International reports fourth well completed /FROM CANADA NEWSWIRE VANCOUVER 604-669-7764/ TO BUSINESS EDITOR: Fairchild International reports fourth well completed VANCOUVER, July 22 /PRNewswire-FirstCall/ - Fairchild International Corporation (OTCBB:FRCD) is pleased to report that the operator has now completed and cased the fourth well and has commenced drilling the fifth well of the nine well program on the Kerrobert property in Saskatchewan, Canada. Once all nine wells have been drilled and cased, the operator will then frac all the wells and obtain flow rates from each well. The company expects commercial production during the month of August. Previous drilling in the area, referred to geologically as the Viking Formation, has resulted in some 500 commercial wells. The formation is located on the Saskatchewan-Alberta border and is considered to be a highly productive, low-risk, high-reward area. The oil is comparable to West Texas No 1. The experience by other oil companies in the area suggests an approximate fifteen year life for the shallow oil wells with minimal operating and drilling costs. Fairchild International Corporation is an emerging energy enterprise with natural gas production in California and producing oil wells in Saskatchewan, Canada. Fairchild International's primary objective is to enhance shareholder value through the continued successful exploration of domestic North American oil and gas prospects. For further information contact: Corporate Communications at 1-888-864-7372 or www.fairchildinternational.com The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the Company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Fairchild may differ materially from these statements due to a number of factors. Fairchild assumes no obligation to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions. SOURCE Fairchild International Corporation /CONTACT: Corporate Communications at 1-888-864-7372 orwww.fairchildinternational.com/ Jul-22-2003 16:11 GMT Symbols: US;FRCD Source PRN PR Newswire Categories: NWR/BC NWI/OIL NWI/OTC MST/R/CA MST/I/OIL MST/I/MKT