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Gold/Mining/Energy : Any Good Penny Resources Left? -- Ignore unavailable to you. Want to Upgrade?


To: Jart who wrote (629)1/28/1998 7:53:00 PM
From: workingclassman9  Respond to of 753
 
One to watch,with another announcement coming out on Monday

Wednesday January 28, 11:12 am Eastern Time

Company Press Release

Nevtah to Begin Drilling Clearlake

PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--Jan. 28, 1998--Nevtah Capital Management Corp. (NASDAQ OTC:NTAH - news) is pleased to announce that it is in the process of finalizing the program to horizontally drill the existing well located on the Clearlake Hunt Club No. 1 lease, located in Brazos County, Texas.

The project covers horizontal drilling approximately 2,500 feet in the Austin Chalk formation. Production from this well is anticipated to be up to 600 BOPD.

Nevtah believes that a newly drilled and properly placed horizontal wellbore should result in a completion rate more typical of this area of up to 1,000+ barrels of oil per day.

On behalf of the board of directors

Daniel P. Kesonen President 561/626-9901
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Contact:

Nevtah Capital Management Corp., Palm Beach Gardens
Daniel P. Kesonen, President
561/626-9901

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More Quotes and News:Nevtah Capital Management Corp (OTC BB:NTAH - news)Related News Categories: mining/metals
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