Benz Commences Development Program At Oakvale Dome.HOUSTON--(BUSINESS WIRE)--July 7, 1998--Benz Energy Ltd. (VSE See DOS/VSE. VSE - Virtual Storage Extended :BZG BZG Bristol Zoo Gardens (UK) ) today announces that it has commenced its previously announced development program at the Oakvale Dome Field, Jefferson Davis County Davis County is, at present, the name of two counties in the United States:
Benz's September 1997 discovery well for the new field, the Saltry Byrd No. 1, was completed in the Harper Formation from the depths of 15,964 feet to 15,988 feet. The well has produced at an average rate of 7.2 million cubic feet of gas per day and 34 barrels of condensate with very little decrease in pressure since it was put on production in September 1997. The first development well is being drilled as the Benz Energy -- Howell Petroleum 32-4 No. 1 and is the first well of a four-well dual rig development program. The Howell Petroleum well will be drilled to a depth of 16,600 feet to be completed in one or more of the five zones identified to be productive in the Saltry Byrd No. 1 well. Benz Energy Ltd. is an exploration and development oil and gas company based in Houston, Texas, focused on the U.S. Gulf of Mexico Noun 1. Gulf of Mexico - an arm of the Atlantic to the south of the United States and to the east of Mexico Golfo de Mexico Atlantic, Atlantic Ocean - the 2nd largest ocean; separates North and South America on the west from Europe and Africa on the east region. The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.
CONTACT: Benz Energy, Houston
Mark Kahil, 713/739-0351
Fax: 713/739-8402
e-mail: mkahil@benzenergy.com
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