Cadence Announces Successful Results from Third Gas Well in De Soto Parish, Louisiana; Begins Drilling of Fourth Well in the Area.Business Editors WALLA WALLA Walla Walla (wŏl`ə wŏl`ə), city (1990 pop. 26,478), seat of Walla Walla co., SE Wash., at the junction of the Walla Walla River and Mill Creek, near the Oregon line; inc. 1862. , Wash.--(BUSINESS WIRE)--Oct. 21, 2003 Cadence cadence, in music, the ending of a phrase or composition. In singing the voice may be raised or lowered, or the singer may execute elaborate variations within the key. Resources Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CDNR CDNR Chronic Disease Notes and Reports ) announced today highly successful results from the drilling of the JB Barr-1 well in DeSoto Parish, Louisiana. The well is the third deep gas well drilled as part of an on-going joint venture. Cadence has a 45% working interest in this well. This well logged 115 Feet of gross pay in the Cotton Valley formation and 262 feet of gross pay in the Hosston formation, which is equal or superior to the other two wells previously drilled as part of the joint venture. Production casing has been set at 10,850 feet and the operators are currently awaiting the cement to cure before beginning completion. In other news the partners recently spudded the Gamble 32-1 well, its fourth well in the area, and located approximately 1 1/2 miles to the southwest of the JB Barr-1. The Company expects this well to be at total depth by about mid-November. In Wilbarger County, Texas Wilbarger County is a county located in the U.S. state of Texas. In 2005, the United States Census Bureau estimated that the population was 13,896, down from 14,676 in 2000. The county seat is Vernon6. , Cadence is in the final stages of completing negotiations for a 4,256 acre option position on the Waggoner Ranch. Plans call for a full coverage 3-D seismic survey to begin in late December, 2003. Currently the Company has interests in five producing oil wells on the Ranch. Certain statements contained herein may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. Therefore, actual results may differ materially from those projected or implied. As a result, these forward-looking statements represent the Company's best judgment as of the date of this news release. |
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