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 : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11734)	7/14/1998 8:25:00 PM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Willow Creek Expl. Progress Report WILLOW CREEK EXPLORATION LTD. - PROGRESS REPORT - JOHNNY RHODES 7-6#1 WELL, RANKIN COUNTY, MISSISSIPPI CALGARY, ALBERTA-- Willow Creek Exploration Ltd. announces that the Johnny Rhodes 7-6 #1 well in the Pelahatchie Field reached a final total depth of 11,800 feet, and production casing has been set to 11,716 feet. Analysis of logs and side wall cores indicate seven zones with hydrocarbon shows in the Lower Cretaceous, at least three of which should be commercially viable. These include the Hosston 11,300 foot zone, with 20 feet of gross pay, productive at rates of up to 200 BOPD in offsetting wells, and the Rodessa 10,260 foot zone, with 10 feet of gross pay, which has been very productive in other areas of the field. A completion of the Hosston zone will commence shortly. Willow Creek has a 25% Working Interest in this well. In addition, as previously announced, a deeper pool test, currently drilling ahead on the property, encountered 13 potential pay zones in the Lower Cretaceous, most notably, the Hosston 11,300 foot zone which has 15 feet of pay from log analysis. Willow Creek is not involved in the drilling of this well, but retains the rights as to a 25% Working Interest in the Lower Cretaceous should these zones be completed in the future. The successful results of these two wells, approximately one mile apart, is encouraging for further development on the property.