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.

Microcap & Penny Stocks : Kismet Energy (KISS) is taking off on PennyStock Picks! -- Ignore unavailable to you. Want to Upgrade?

To: RSkarsten who wrote (64)	4/7/1999 6:43:00 PM
From: Salt'n'Peppa	Read Replies (1) \| Respond to of 138

KISS press release yesterday. Looks like they have a good well. The rumours I am hearing are that they are combatting high pressures, akin to the ELH play. They are taking a very long time completing the Cree Fee 1A well, so it stands to reason that it must be worth fighting for. Also, the proposed second well is less than a mile away. KISS has 20% of this play and are sitting at just $0.75. --------------------------------------------------- BAKERSFIELD, Calif.--(BUSINESS WIRE)--April 6, 1999--Kismet Energy Corporation (the ''Company'')(OTC BB:KISS) reports that the operator has finished the first phase completion work and is now proceeding to the second phase at the Cree Fee 1A well. The second phase is expected to take 4 to 6 weeks to complete. The Cree Fee 1A well has designated tight hole status, therefore, Kismet Energy is not allowed to release any results of the testing until authorized by the operator. Information on flow rates will be released after work on all phases has been completed. Drilling of the second well, Cree Fee 1-30, at a location already prepared, 4500 feet northwest of this well location, will commence on or before May 10, 1999. Both Cree Fee 1A and Cree Fee 1-30 wells are being drilled in the San Joaquin Valley, which is one of the most prolific oil and gas producing regions in the US, accounting for over 60% of California's annual production of about 400 million barrels of oil equivalent per year. The Company Kismet Energy Corporation is an oil and gas exploration and development company with offices in Alberta, Canada and Bakersfield, California. Kismet Energy Corporation has a 20% working interest in this project with the operator, an NYSE-listed energy company. Further information can be obtained from the company's website: www.kismetenergy.com.