GREY:CKVLF - Post by User
Post by
wofatson Nov 09, 2004 3:55pm
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Post# 8157303
how much percentage is there is there?????
how much percentage is there is there?????Little Mountain's operator begins phase 2 at well
2004-11-09 14:17 ET - News Release
Mr. Robert Sim reports
TURNER VALLEY WELL RECOMPLETION PROGRAM UNDERWAY...
Little Mountain Resources Ltd. has been informed by the operator of its Turner Valley lease 6-31-20-3W5M, Win Energy Corp., that phase 2 of the recompletion program is now under way. In August, 2004, the initial phase 1 of the program was completed by carrying out a cement squeeze to eliminate communication between the Brown sand and Cadomin sand.
Phase 2 of the recompletion of well 6-31-20-3W5M will consist of cutting a hole in the casing at 2,850 metres (150 metres above the squeezed portion of the borehole) redrill via a horizontal drill program to test the Cadomin sand. The horizontal redrill will step out 75 metres from the original borehole and will laterally enter the formation for 200 metres. The company has a 26-per-cent working interest in the project.
The company also has the right to participate in drilling wells on seven additional sections currently under option from Purcell Energy Inc. With its holdings in 6-31-20-3W5M and section 3-20-3W5, where it owns a 7-per-cent net interest, the total land lease package is now nine sections or approximately 2,304 hectares of leases.
25% copper creek..26% little mountian ..50% purcell energy ..7% win energy and 12% to someone else isn't there ..adds up to 120..lol I guess the net interest adds up better