Found this on the DWOG thread - CLL mentionedIf this has already been posted I apologise.
Abe19
BusinessNETWIRE: Oilandgasinvestor.net Gives You the Gold: DWOG, CLLZF, CWPC
Feb 07, 2006 (M2 PRESSWIRE via COMTEX) -- Oilandgasinvestor.net watch lists: (OTC: DWOG), (OTC: CLLZF), (OTC:CWPC)
For more information on Oilandgasinvestor watch list please visit www.oilandgasinvestor.net
Calgary-based, Deep Well Oil & Gas Inc. (OTC: DWOG), is nearing completion of an extensive drilling program in the prolific Sawn Lake heavy oil area in North Central Alberta. They eagerly awaiting completed production test results over the next 1 to 3 weeks. Preliminary reports look extremely positive. Lab analysis determined the core from the vertical well has an average porosity of 32%, hydrocarbon saturation of up to 70% and permeability in the range of 4 darcys - with over 40 feet of oil pay.
The average net oil sands producing zone thickness is 14 meters with an oil quality of 9 to 14 degrees API. It is expected that at least 10% of the estimated 819 Million barrels of original oil in place can be produced by conventional methods. There is also a significant gas concentration present. Close proximity and anticipated access to the largest pipelines in Canada are also a boon. DWOG and its subsidiaries have an 80% working interest, subject to a farmout agreement, in 63 contiguous sections of oil sands leases and 6.5 sections of oil sands permits. After Signet Energy completes current drilling of 10 wells (at no cost to Deep Well) they will fully earn their interest in the project. Deep Well will then directly hold 40% of the project. In addition, Deep Well owns approximately 29.5% of Signet's common shares.
Worldwide conventional oil production is projected to decline while heavy oil production is expected to more than double from the current level of over 1.0 million barrels per day over the next decade. With the unquenchable global demand for more energy and oil currently trading at record levels, the possibilities for gain are substantial. We strongly recommend you exercise due diligence and take a hard look at the explosive potential with Deep Well.
Connacher Oil and Gas Ltd. (OTC: CLLZF), has received its OSE Order No. 050027 from Alberta Environment, which will allow it to commence and proceed with its 2005/2006 core-hole drilling program on its 107-section Great Divide oil sands property in northeastern Alberta. Core-hole licensing procedures are under way and the initial core holes will be drilled on and around Connacher's Pod One accumulation, development of which to produce up to 10,000 barrels per day of bitumen. The company is awaiting EUB and Alberta Environment approval following submission of an application last August, 2005.
The initial locations are easily accessible from Highway 68, which bisects Connacher's property. They are designed to determine if, as anticipated, the areal extent of and reserve base of Pod One can be expanded. They result from the interpretation of a 3-D seismic program shot over Pod One in the spring of this year and from continuing geological evaluation.
Upon completion of the Pod One core holes, the rig will be moved to the extreme southeastern portion of the lease block to commence detailed evaluation of and anticipated confirmation of the presence of additional pods or accumulations that are indicated to possibly be present by the results of previously drilled conventional well bores, which contained significant bitumen-bearing McMurray sands. For more information on this company please visit https://www.connacheroil.com CanWest Petroleum Corporation (OTC:CWPC) reports that five core holes have been completed to date with a sixth core hole not completed due to a loss of circulation and will be re-drilled later in the program. A seventh core hole was started on February 04.
The core samples are being transported to laboratory facilities for analysis, including hydrocarbon assay.
The first core's initial assay reports a grade of 12% to 17% bitumen (oil) by weight with an approximate average grade of 15%. Final assay reports may change this grade by a minor amount.
The production of bitumen in the Athabasca oil sands comes principally from the McMurray Formation. Five of the six holes have intersected bitumen-bearing McMurray Formation sands with thicknesses ranging from 5 to 27 meters (16 to 89 feet). The core holes are being drilled on 800 meter (2,625 feet) spacing.
As the drilling proceeds, the direction, grade, depth and thickness of the bitumen deposition will become known. The Company notes that at this early stage of exploration, the results are very encouraging given initial grade as well as the thickness of the bitumen. https://www.canwestpetroleum.com ABOUT Oilandgasinvestor.net: Oilandgasinvestor.net is a full service corporate communications firm that provides an information bridge to the investment community. Oilandgasinvestor.net equipped to handle all aspects of the complex process of bringing the most concise and vital information about a company to audiences specifically targeted on the basis of their interest and qualifications. In short, Oilandgasinvestor.net makes sure that those interested parties get the data they want about the companies in which they are interested without extraneous information, and enhances the ability of companies to transmit their customized message in the most efficient and effective manner possible.
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