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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (1129)	12/18/1998 9:10:00 AM
From: Gord Bolton	Respond to of 15703

SE CONTACT: Elk Point Resources Inc. Mr. Aidan Walsh President and Chief Executive Officer (403) 264-1358 (403) 261-8702 (FAX) DECEMBER 18, 1998 Update #5 - Bellevue #1 Well - Well Control Operations CALGARY, ALBERTA--A relief well, Bellevue #1R, commenced drilling on December 18, 1998. A snubbing unit is being deployed to evaluate whether a surface control kill of the Bellevue #1 well is feasible. The unit is expected to be in place within a week. Surface containment facilities are in place and operating effectively. Volume estimates of hydrocarbons and water produced are not reliable at this time due to very high temperatures and fluctuating operating conditions. -30-