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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (24934)	12/3/2003 10:19:08 AM
From: Eva	Read Replies (1) \| Respond to of 39344

Kastel News out on DIAZ Diaz Resources Ltd (2) DZR Shares issued 39,729,734 Dec 2 close $0.72 Wed 3 Dec 2003 News Release Mr. Robert Lamond reports DIAZ SPUDS HIGH INTEREST TEXAS WELL Diaz Resources today confirmed that drilling has commenced on the Hound Dog prospect in Lavaca county, Texas, targeting deep Wilcox sands. The well, in which Diaz will pay 15 per cent of the costs, to casing point, to earn a 22.5 per cent working interest, is planned to be drilled to 15,500 feet and should reach total depth in approximately five weeks. In addition, the company updated its other Wilcox activities. The Provident City No. 2 well, Diaz 13-per-cent working interest, is currently producing at a rate of 12 million cubic feet per day with a flowing tubing pressure of 6,450 pounds per square inch. The first well on the Mustang Creek prospect, Lehrer No. 1, Diaz 8-per-cent working interest, is flowing at 1.65 million cubic feet per day, with a flowing pressure of 1,600 pounds per square inch. Completion operations are continuing on the Lehrer No. 2 well, Diaz 9-per-cent working interest. The Upper Magnolia sand will be perforated on Friday, Dec. 5, 2003, and flow tested prior to fracture stimulation planned later this month. Approximately 20 feet of the Lower Magnolia sand was completed last week, and produced natural gas on a short production test. This zone will be temporarily suspended and later commingled, allowing for the pending completion of the potentially more productive upper Wilcox sands in the well. WARNING: The company relies upon litigation protection for "forward-looking" statements. (c) Copyright 2003 Canjex Publishing Ltd. stockwatch.com Message 19557100