Amoil Resources Inc. Announces New Drill.RED DEER, Alberta--(BUSINESS WIRE)--Sept. 16, 1997-- Amoil(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. ) Amoil Resources Inc. (the "Corporation") is pleased to announce that, further to its release of January 10, 1997 and its agreement with Fountain Oil Incorporated, it has drilled a well at Sylvan sylvan emanating from or pertaining to woods. See also sylvatic. 2-20-38-2W5. The well encountered 100' of net Pekisko oil pay. Amoil is presently running casing and completion operations should commence by month end. Fountain's Electrically Enhanced Oil Recovery Enhanced Oil Recovery (EOR) is a generic term for techniques for increasing the amount of oil that can be extracted from an oil field. Using EOR, 30-60 %, or more, of the reservoir's original oil can be extracted [1] compared with 20-40% [2] (EEOR) technology will be utilized on the well. Amoil is the operator and has a royalty before payout and a 40 percent working interest after payout. -0- The Alberta Stock Exchange has neither approved nor disapproved of the contents of this press release. CONTACT: Amoil Resources Inc. Darryl Holloway, 403/991-4694 |
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