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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: CIMA who wrote (6243)	4/5/1999 7:49:00 PM
From: Ed Pakstas	Read Replies (1) \| Respond to of 24905

CIMA...What is this chit??... Your all over the place with this thing...Either that, or your posting it on all the threads I lurk...<ggg>...ed

To: CIMA who wrote (6243)	4/5/1999 10:06:00 PM
From: Sawdusty	Read Replies (2) \| Respond to of 24905

Message 8720435

To: CIMA who wrote (6243)	4/7/1999 2:50:00 PM
From: Len Hynes	Read Replies (1) \| Respond to of 24905

Hi CIMA: Thanks for the information...here is the most recent update of Pan Canadians exploration in the Port au Port area of the West Coast: Here is the latest update on Pan Canadian as printed in today's edition of the Evening Telegram: 4/7/99 The Western Star—Shoal Point The PanCanadian Petroleum exploration well is proceeding as planned, said William Zukiwski, drilling superintendent. Zukiwski said a depth of 2,175 metres has been reached and the company is running casing in the intermediate hole section. The casing will be set in concrete and pressure tested, a process which will take about 10 days before regular drilling will resume. Zukiwski said the target depth is between 2,400 to 2,500 metres but, if findings are encouraging, the depth could be taken up to 35,000 metres. He estimated drilling will run until the end of April. This is a high risk expensive well which is said to have a one in 10 chance of success. But PanCanadian is drilling because of trends they have seen in the area and the hopes of a big find, Zukiwski said it's a tough well and, being new frontier exploration, the company is taking its time because it wants to record data as drilling progresses. Shoal Point juts out from the community of Boswarlos on the Port au Port Peninsula. PanCanadian was required to build an 8.2-kilometer road to get to the site was built in the latter part of last year. While the Nabors 375 drilling rig is located on land, the company is drilling about 450 metres under Port au Port Bay towards the western side of Shoal Point. If it chooses, PanCanadian can keep findings under wraps for up to two years