Berkley Farms In for 20 Percent of Utah Wildcat Well.CALGARY, Alberta--(BUSINESS WIRE)--May 22, 1997--Berkley Petroleum (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). , TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). BKP BKP Bleached Kraft Pulp BKP Buchele & Kremer Produktivitätsberatung GmbH BKP Backup File BKP Breakpoint .) Berkley Petroleum Corp. announces it has farmed in on the Gulf Canada Resources Ltd. Seismosaur Federal No. 1 wildcat wildcat, common name of two Old World cats, the European wildcat, Felis sylvestris, of Europe and W Asia, and the African wildcat, or kaffir cat, F. lybica, of Africa and Asia. exploration well, currently drilling in the Thompson Canyon area of eastern Utah. The well is currently drilling at 3900 metres and is expected to reach target depth of 4900 metres in late June. Costs related to the well are expected to be USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $ 5 million. Berkley is earning a 20 percent working interest in the 49,000 acre Seismosaur prospect by funding 30 percent of the cost. Berkley Petroleum Corp. is an oil and gas company listed on the Toronto and Alberta stock exchanges trading under the symbol "BKP." Berkley Petroleum's News Releases for the past 14 months can be accessed electronically through Canadian Corporate News website at http://cdn-news.com CONTACT: Berkley Petroleum Corp. Michael L. Rose, 403/ 571-3600 |
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