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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11452)	6/25/1998 12:21:00 PM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Ultra Petroleum Corp. Drilling Update Ultra Petroleum Corp June 25, 1998 Symbol: V.UP Mesa update Seven out of a total of eleven planned fracture stimulations have now been completed at the Mesa 15-8 well, a joint venture with Western Gas Resources (NYSE: WGR) and Celsius Energy, a subsidiary of Questar Corp. (NYSE: STR). The plug has been removed between zones 6 and 7, which were completed between 10,360 feet and 11,094 feet. The two zones flowed commingled into the sales line at an average combined rate of 5.2 mmcfd of gas and 17 bpd of condensate at a flowing casing pressure of 950 psi on a 24/64 inch choke. The rest of the plugs will be pulled over the next five days to allow cleanup of all zones completed to date, after which the remaining four zones will be completed between 8,450 and 10,243 feet and the entire well bore flowed to the sales line.