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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Steelguy who wrote (878)	12/7/1998 9:05:00 AM
From: Andrew	Read Replies (1) \| Respond to of 62348

Kookaburra Resources Ltd - Relief well to be drilled Kookaburra Resources Ltd KOB Shares issued 15,388,036 1998-12-04 close $1.93 Monday Dec 7 1998 See Elk Point Resources Inc (ELK) News Release Mr. Aidan Walsh reports The participants in the Bellevue No. 1 well at East Lost Hills have decided to drill a relief well, Bellevue No. 1R. The relief well will be drilled to approximately 12,500 feet at which point intermediate casing will be set. The new well will then be steered over to the existing wellbore to intercept it at an estimated depth between 13,500 and 14,000 feet. The relief well will be located 1,500 feet from the Bellevue No. 1 well. A rig rated for a depth of 25,000 feet is currently being mobilized for drilling of the relief well. The well is expected to spud on Dec. 12, 1998 and will take an estimated 45 days to intersect the existing wellbore. Boots & Coots International Well Control are still assessing whether or not surface intervention on the existing well is possible. Crews have removed most of the equipment and debris from the well site. Plans are to install a diverter assembly that will transport the hydrocarbon stream to two burn pits. Temporary separation and production storage equipment are being procured to extract the light oil or condensate from the hydrocarbon stream which could significantly reduce the volume of hydrocarbons being flared. Most of this equipment is scheduled to be installed within a week. The intense combustion of the hydrocarbon stream limits the ability to conclusively sample and test the stream. Samples taken from the hydrocarbon stream on Dec. 6, 1998 indicate the presence of light oil, condensate, natural gas and water. As previously stated, the operator has not been able to measure the volume of hydrocarbons being flared. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com old url (better for printing)