Asdar Group - Harvester No. 1-25 Ready For Perforation And Testing.Business Editors VANCOUVER, British Columbia & BELLINGHAM, Wash.--(BUSINESS WIRE)--Nov. 13, 2001--Asdar Group (XBET: OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB) reports that conditioning of the casing and liner has been completed. A scraper See scraping. was run inside the 7 5/8" casing and a scraper is also being run inside of the 5" liner. All fluids in the well bore will be replaced with Potassium Chloride potassium chloride, chemical compound, KCl, a colorless or white, cubic, crystalline compound that closely resembles common salt (sodium chloride). It is soluble in water, alcohol, and alkalies. 3% solution in preparation for perforation per·fo·ra·tion n. 1. The act of perforating or the state of being perforated. 2. An abnormal opening in a hollow organ or viscus, as one made by rupture or injury. Perforation A hole. when scraping has been completed. When fluids have been replaced, perforating and testing of the Harvester harvester, farm machine that mechanically harvests a crop. Small-grain harvesting has been mechanized to a certain extent since early times. In the modern period the first harvester to gain general acceptance was made by Cyrus McCormick in 1831 (see reaper). No. 1-25 well will commence. The initial perforation target is the interval between 13,264' and 13,360' located in the Vedder formation, which zone was deemed a primary target by the project engineer's analysis of the Halliburton logs. The Harvester No. 1-25 contains six additional prospective zones, with one of these zones located in the Temblor formation also identified as a primary target. Flow testing will follow perforation. The Company anticipates that production will be gas with associated natural gas liquids. Results of flow rates and composition of fluids will be released as they are received. Production achieved in any of the indicated zones will be considered a new field discovery. Asdar Group holds a 50% interest in the Harvester No. 1-25 well and the adjoining 1,120 acreage. signed Robert Waters Robert Waters M.B.A., President For further information please contact Joseph Beyrouti Investor Relations Investor relations The process by which the corporation communicates with its investors. at: 1-888-488-6882
ASDAR Group
Corporate Office
1225 E Sunset Drive, Suite 145
Bellingham, WA 98226 - 3529
Administration Office
1239 West Georgia Street, Suite 3004
Vancouver, BC V6E 4R8
Tel: 1-888-488-6882
Fax: 1-604-664-0498
Website: www.asdargroup.com
Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the 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: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but no limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Asdar's filings with the Securities & Exchange Commission. |
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