GREY:CKVLF - Post by User
Post by
wofatson Mar 04, 2005 3:14pm
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Post# 8697776
the news
the newsLittle Mountain Resources: Turner Valley Recompletion Program Update
3/4/05
VANCOUVER, British Columbia, Mar 4, 2005 (BUSINESS WIRE) --
Little Mountain Resources Ltd. (TSX VENTURE:LIT)
The Company has received the following correspondence from the Operator of the Turner Valley project, Win Energy Corporation:
"Win Energy and JV partners recently drilled and completed a new gas well on the Turner Valley property located approximately 60 kilometers southwest of Calgary, Alberta. Plans are underway to carry out an AOF production testing program after recovering dense drilling fluids from the invaded gas pay zones that were required under EUB regulation to prevent potential blowouts at the well site which is located close to several residents and although the gas being tested is sweet gas with no toxic H2S, all gas flows will be incinerated instead of flaring into the atmosphere.
It is anticipated final test results will be available by the end of March, 2005. Based on independent engineering appraisals and seismic review, step-out drilling plans will be proposed on the option lands."
The Company has a 26.0 % WI in the project.
The Company also has the right to participate in drilling wells on 7 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 7.0 % net interest the total land lease package is now 9 sections or approximately 2.304 hectares of leases.
For more detailed Information regarding this lease and Company holdings and reports pertaining to Turner Valley please see the news release of August 9, 2004 which is available on SEDAR.COM. or the Company's web site at WWW.littlemountain.ca. Further progress reports of drilling and results will be issued when available from the operator of the program
ON BEHALF OF THE BOARD OF DIRECTORS (Signed) Robert A. Sim Robert A. Sim- Director