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.

Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: saif who wrote (446)	5/12/1998 2:56:00 PM
From: Ed Pakstas	Respond to of 1207

NEWS RELEASE>>>>> Fires delay Meekwap production TUSK Energy Inc TKE Shares issued 9,735,000 May 11 close $1.85 Tue 12 May 98 News Release Mr. Norman Holton reports Tusk expects production from the 4-21 well to be restored at the Meekwap field by the end of this week. Timing may be impacted by further changes in the forest fire situation in the general Meekwap area. The 4-21 well, which flows at rates of approximately 1800 boepd, represents approximately 50 per cent of total gross production from the Meekwap field. All wells are expected to be operative shortly thereafter once full electrical service is restored. Production operations at the Meekwap field were suspended on May 4 due to the forest fire situation. None of the Tusk wells or facilities have been damaged. The drilling of an additional stepout well, offsetting the recent discovery at 4-21, will be delayed due to the fire situation in the area. The well is expected to spud prior to the end of May. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com