Algonquin Petroleum Corporate Update.CALGARY, Alberta--(BUSINESS WIRE)--Sept. 3, 1997-- Algonquin (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AGQ.) Algonquin Petroleum Corporation (ASE (Adaptive Server Enterprise) A relational DBMS from Sybase that runs on Windows NT/2000, Linux and a variety of Unix platforms. ASE is a comprehensive and robust data management product with a long history dating back to the late 1980s. - AGQ) announces that the formal agreement with Gaiswinkler Exploration Limited to pool acreage and to drill a horizontal well to extend the Colchester South Colchester South was a provincial electoral district in Nova Scotia, Canada, that elected one member of the Nova Scotia House of Assembly. It existed from 1978 to 1993. • • pool into Lake Erie Lake Erie Great Lake; once so polluted, referred to as Lake Eerie. [Am. Hist.: NCE, 887] See : Filth has been executed and that the well has been spudded. Algonquin is contributing approximately 17.5 acres to the 175 acre production spacing unit for the initial well and will have a 10 percent working interest. Algonquin holds a 100 percent working interest in the offsetting offshore acreage to the South, West and East. The G.E.L. No. 18 (Horizontal No. 1) Colchester South M10 A-81-1 has been spudded and the vertical portion of the hole has been drilled and cased with cable tools. Rotary tools A Rotary tool is a handheld power tool with a variety of rotating accessory bits and attachments that can be used for cutting, carving, sanding, polishing and many other applications. Popular brands include Dremel and Foredom. are expected to move in to commence the horizontal "build" on or about September 8, 1997. This well is classified as developmental by the Ontario Ministry of Natural Resources. CONTACT: Algonquin Petroleum Corporation Mr. James D. Fair, 403/234-9535 algonquin@econnect.ca |
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