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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C) -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (1382)	9/1/1998 8:40:00 PM
From: Jim P	Read Replies (2) \| Respond to of 2306

Hey Bearcat, What do you make of this, Jim. Turner Valley activities resume Curlew Lake Resources Inc CWQ Shares issued 22,404,526 Aug 27 close $0.08 Tue 1 Sept 98 News Release Mr. Robert Pincombe reports Activities have resumed on the company's Turner Valley lands in Alberta. The Stampede et al TV 7-25-20-3 W5M deepening/drilling operation commenced on Aug. 28, 1998. The well had previously been drilled and cased into the top of the Regional Mississippian Turner Valley formation at a depth of 10,000 feet. The current program will deepen the well to about 12,000 feet to test the Devonian Crossfield reservoir. Assuming success in this well, plans will commence to bring it into production together with the Crossfield gas discovery previously made about 10 miles to the south at the Stampede Bcat et al Hartell 4-13-19-2 W5M well, along with planned follow-up wells. Curlew Lake has elected to convert its 5.0 per cent working interest in the 7-25 well to a 0.45 per cent GORR (gross overriding royalty). The company holds a 10 per cent working interest in the 4-13 well which converts to a 2.5 per cent working interest after payout and interests ranging from 2.5 per cent to 5.0 per cent on other lands covering the projected reservoir. Field operations have also commenced on the final completion testing of the Imperial Berkley Turner Valley 2-21-21-3 W5M well. This well has been drilled and completed in a Regional Mississippian gas zone with approximately 100 feet of net pay in a gross 126 foot Turner Valley section. The program is designed to stimulate the reservoir with a hydraulic acid frac to allow the well to flow to its full capacity and to establish deliverability. It is expected that this well will be put on production and follow-up drilling of this reservoir commenced before the end of the year. Curlew Lake holds varying interests ranging from 1.3 per cent in natural gas and 2.2 per cent in oil in the 2-21 well and 2.5 per cent to 5.0 per cent in most of the balance of the acreage held covering the pool. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com