Printer Friendly
The Free Library
14,632,679 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Admiral Bay Completes First of Nine Wells at Mound Valley, Kansas.


TORONTO -- New tap facility at Shiloh to significantly increase gas production

Admiral Bay Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002)
TSX Transfer from Stack Pointer to Index
TSX True Space Extension
 VENTURE:ADB (Apple Desktop Bus) A low-speed serial bus for connecting keyboards, mice and other input devices on Apple IIgs and Macintosh computers. Starting with the iMac in 1998, the ADB was superseded by USB. ) is pleased to announce that the first of nine wells has been drilled at the Company's Mound Valley Mound Valley is a city and a township in Hettinger County, Kansas:
  • Mound Valley
  • Mound Valley Township
 CBM CBM Commodore Business Machines
CBM Coalbed Methane
CBM Christoffel Blindenmission
CBM Condition Based Maintenance
CBM Confidence-Building Measures
CBM Curriculum Based Measurement (education)
CBM Cubic Meter
 project in Labette County, Kansas Labette County (standard abbreviation: LB) is a county located in southeast Kansas, in the central United States. The population was estimated to be 22,169 in the year 2005.[1] Its county seat is Oswego,[2] and its most populous city is Parsons. . The Froebe 14-32 well has been drilled and has had casing run. The well encountered several coal seams including the Riverton, all of which yielded gas shows. The rig has now been moved to the Vareraka 10-31 well and drilling began this morning. In addition to these nine new wells, the project also has four existing wells that currently have a small amount of production. These existing wells will be reworked utilizing more modern completion techniques, which should result in increased production.

Shiloh Project Compressor/Tap Facility

At the Shiloh Project, the new compressor facility is nearing completion. Admiral Bay is currently awaiting completion of the tap connection to Southern Star Central Gas Pipeline, Inc Southern Star Central Gas Pipeline, Inc, headquartered in Owensboro, Kentucky, is a natural gas transmission system spanning over 6,000 miles in the Midwest and Mid-continent regions of the United States. .'s major pipeline. This connection to the main pipeline is anticipated to be finished over the next few days.

Admiral Bay presently has 17 wells flowing gas at the project. A further 13 wells are ready to sell gas when the pipeline capacity increase has been completed. There is also an additional six wells awaiting fracing that have already been hooked into the new gathering system. Gas produced at the project is currently being sold into a third party sales line that is constraining production to approximately 300 MCFGPD, due to line limitations. Production is also being constrained by limitations on water disposal, due to pipe size. The Company has recently completed the drilling of an additional water disposal well at its new tap and compressor site. This new disposal well has significantly increased capacity and will allow the project to handle up to 5,000 bbls of water per day.

Management anticipates production at the Shiloh project will increase to over 1,000 MCFGPD, once this new facility is operational and these additional wells are opened to the sales line.

Admiral Bay Resources Inc. (www.admiralbay.com) is a Canadian listed oil and gas exploration and development company focused on developing its U.S. projects in the Cherokee Basin in southeast Kansas Southeast Kansas is a region of the U.S. state of Kansas. It can be roughly defined by Woodson County in the northwest, Bourbon County in the northeast, Cherokee County in the southeast, and Montgomery County in the southwest.  and the Appalachian Basin, in Pennsylvania. Coalbed methane (CBM) and conventional oil & gas production has begun at the Shiloh, Devon and Quest projects in Kansas and Utah. The Company is listed on the TSX Venture Exchange TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.
.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and  of 1995. Readers are cautioned that any such statements are not guarantees of future performance and that actual developments or results may vary materially from those in these "forward-looking statements".

The TSX Venture Exchange does not accept responsibility for the adequacy of this release

Admiral Bay Resources Inc. (TSX VENTURE:ADB)
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Geographic Code:1CANA
Date:May 20, 2005
Words:481
Previous Article:Talbots Introduces Online Merchandise Reservation Service; ''Style Search'' Enables Customers to Locate and Reserve Inventory at Talbots Stores.
Next Article:With Nearly a Thousand Qualified Building Service Partners in Place, Symbiot Now Offers Contract Management with Reduced Cost Transactions.
Topics:



Related Articles
APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT: By Federal Reserve Banks.
SLEDGE DELIVERS KEY HIT FOR JETHAWKS.(Sports)
ANGELS LOOK TO APPIER WORK ETHIC COULD RUB OFF.(Sports)(Statistical Data Included)
FINLEY RECORDS 14TH CAREER SHUTOUT : ANGELS 5, TAMPA BAY 0.(SPORTS)
CERVENKA MAKES THE DIFFERENCE FOR C.V. : CRESCENTA VALLEY 7, PALMDALE 0.(SPORTS)
CUNNING KUNES; VALLEY NORTH PITCHER IS 11-0.(SPORTS)
HOMETOWN HEROES : ATHLETES OF THE WEEK.(SPORTS)
ANGELS LOSE IN 14; SMITH BLOWS LEAD : KANSAS CITY 3, ANGELS 1.(Sports)
Don Parker.(APPOINTMENTS)(Brief Article)
DAY IN SPORTS: C.V. STAYS ON TOP WITH STRONG WIN.(Sports)

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles