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 (12783)	10/13/1998 12:42:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Ambra discovers 3 wells Three New Gas Discovery Wells Reported by Ambra Resources Group Cessford Area Oil and Gas Leases Alberta, Canada VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 9, 1998-- Ambra Resources Group (Nasdaq:ABRG - news), Petroleum Division has successfully completed three gas discovery wells on the Amex Joint Venture property in Cessford, Alberta, Canada. New gas production from these wells will double Ambra's output to three million C.F.D. The company's 5 percent net interest in the joint venture will add approximately $6,300 per month in revenues over the 20+ year expected life of the wells. Ambra Resources Group will continue to develop the 23 square mile Cessford property which is known for its oil and gas production. Additional high priority targets will be drilled and results reported as they develop. East Winnett Oil and Gas Lease Montana, USA Successes from the Cessford gas wells will allow Ambra to move forward with dedicating substantial efforts and financial resources to complete additional oil drilling in Montana. All of the required permits and licenses to drill the East Winnett tank stock oil reservoir have been received by Ambra and the drilling rig will begin operations on Oct. 21, 1998. This highly prospective target was put on a fast track drilling program recently when radiometrics and seismic studies indicated a large pool of oil existed on the property. This resource was identified to be like other reserves in the vicinity which have produced over two million barrels of oil. Ambra has increased its participation in the 2,698 acre E.Winnett prospect to 75 percent for the initial payback period and 37.5 percent over the project's production life. The company has also optioned additional adjoining acreage for further drilling and development of the resource. -------------------------------------------------------------------------------- Contact: Ambra Resources Group Inc., Vancouver Investor Relations, 800/698-3377 or 604/669-2723 ambraresources.com

To: Kerm Yerman who wrote (12783)	10/13/1998 12:44:00 PM
From: SofaSpud	Read Replies (3) \| Respond to of 15196

FIELD ACTIVITIES / High Plains blowout High Plains Energy Inc. CALGARY, Oct. 11 /CNW/ - HIGH PLAINS ENERGY INC. THROUGH ITS WHOLLY OWNED AMERICAN SUBSIDIARY, GRIFFON PETROLEUM INC., ANNOUNCED THAT AS A NON-OPERATOR, AND WITH A 37.48535% WORKING INTEREST IN THE WELL, IT HAD EXPERIENCED A BLOWOUT ON ITS HOEFELDT 4-33N-17E, HILL COUNTY, MONTANA, DRILLING WELL, AT 3:30 A.M. ON OCTOBER 9, 1998. THE WELL BLEW OUT AT 1,150 FEET, AT A RATE ESTIMATED AT MORE THAN 5,000,000 CFD, WHILE THE DRILLERS WERE MAKING A CONNECTION ABOVE THE TARGET FORMATION, AND CAUGHT FIRE DESTROYING THE DRILLING RIG. THREE OF THE DRILLING CONTRACTORS PERSONNEL SUSTAINED MINOR INJURIES WITH ONE BEING HOSPITALIZED IN HAVRE, MONTANA. THE WELL IS CURRENTLY ON FIRE WITH NO DANGER TO THE PUBLIC OR ANY STRUCTURES. CUDD PRESSURE CONTROL, INC. OF WOODWARD, OKLAHOMA, A COMPANY THAT SPECIALIZES IN WELL CONTROL, HAS REPRESENTATIVES ON THE SITE AND WILL SUPERVISE ALL OPERATIONS. THE WELL WAS INTENDED AS A DEVELOPMENT WELL IN THE TIGER RIDGE GAS FIELD OF MONTANA. GRIFFON PETROLEUM INC. HAS INTERESTS IN MORE THAN 14,000 NET ACRES IN THE AREA. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN. -30- For further information: PLEASE CONTACT MR. HAROLD BOWMAN, PRESIDENT OF HIGH PLAINS ENERGY INC. (403) 290-0078