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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (14832)	1/14/1999 10:19:00 PM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

ENERGY TRUSTS / Westrock II Ties In 8 Million Cubic Feet Per Day Gas Well CALGARY, Jan. 14 /CNW/ - Westrock Energy Income Fund II is pleased to announce the tie-in of a successful natural gas well in the Knopcik area of British Columbia. The well, in which Westrock II has a 35.7% working interest, tested at absolute open flow rates of 14 MMcf/day of natural gas from the Kistkatinaw zone. Equipped and placed on production December 12, 1998, the well is currently producing natural gas at a rate of 8 MMcf/day gross (2.8 MMcf/day net) with associated liquids production of 100 bbls/day gross, 36 bbls/day net to the Fund. All natural gas production from this well is sold on the Alberta spot market. The well now flows through a 15 kilometre gathering system and is processed at the Hythe-Brainard gas plant located in northwestern Alberta. Westrock II has a 100% working interest, before payout, in a second well in this area and is now in negotiations with the operator to tie in this additional well to the gathering system prior to the end of the first quarter. The second well has two potential gas zones in the Cadomin and Doig formations that will be production tested in the coming weeks. It is estimated that this well will be capable of producing approximately 3 MMcf/day. The Fund anticipates that these new wells will provide approximately a net 450 BOE/day of new natural gas and liquids production.