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: Sam who wrote (943)	10/2/1998 11:44:00 AM
From: grayhairs	Read Replies (2) \| Respond to of 1207

Thanks for the post, Sam. I consider it of "considerable" interest to the area. The purchases expand Canadian 88's total holdings in the immediate area to over 45,000 acres. 45,000 acres = 70 sections of land = BIG INTEREST in the area !! ...the Company will now be proceeding immediately with a multi-well program in the area targetting deep Swan Hills and Devonian natural gas accumulations in the 100 to 500 Bcf category EEE is obviously convinced of the potential for more major Swan Hills and Devonian reservoirs in the area. Should any of the sisters need to farm out additional lands, I'm sure EEE will take the phone call. (Apache will not be the only game in town for the sisters !!) Later, grayhairs

To: Sam who wrote (943)	10/2/1998 12:44:00 PM
From: kingfisher	Read Replies (1) \| Respond to of 1207

Thanks for the news Sam, This land was purchased at the Sept 30th auction.This is the news release from Canada Stockwatch. Acreage acquired in Strachan/Ram River area; Wildcat Hills holding expanded Canadian 88 Energy Corp EEE Shares issued 94,138,416 Oct 1 close $5.10 Fri 2 Oct 98 News Release Mr. Greg Noval reports Canadian 88 Energy has expanded its acreage position in the Strachan/Ram River area of the foothills of West Central Alberta through the addition of 13,120 acres of petroleum natural gas leases successfully acquired at the Sept. 30, 1998 Alberta Government petroleum and natural gas lease sale. The company was the leading purchaser at the sale paying a record price of $1,750,000 for 20.5 sections in the Strachan/Ram River area. The purchases expand Canadian 88's total holdings in the immediate area to over 45,000 acres. The Strachan/Ram River area is one of the most prolific areas for natural gas production and exploration in the foothills of Alberta and with these purchases Canadian 88 assumes a dominant position in the area", Canadian 88 President Greg Noval said in Calgary today, indicating that the Company will now be proceeding immediately with a multiwell program in the area targeting deep Swan Hills and Devonian natural gas accumulations in the 100 to 500 bcf category. In addition, the company was successful in acquiring a further 7,680 acres of petroleum and natural gas leases at the Sept. 30, 1998 government land sale in the Wildcat Hills area of West Central Alberta, bringing its total holdings in this area to 16,000 acres. The company has just finished shooting approximately 100 square miles of high resolution 3-D seismic in the area with excellent results and is preparing to spud a Mississippian test on its holdings in the area prior to the end of October, targeting an accumulation estimated to range from 100 to 500 bcf. Canadian 88 paid $1.58-million in total bonuses for 8,320 acres in the Wildcat Hills area at the March 5, 1998 Alberta Government land sale with offsetting lands purchased by Petro-Canada and Shell Canada totalling $1.26-million for 5,760 acres. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com