Callon commences drilling Michigan 3-D Seismic Prospect.NATCHEZ, Miss.--(BUSINESS WIRE)--Nov. 2, 1994--Callon Petroleum Company (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CLNP CLNP - ConnectionLess Network Protocol ) announced today that it has spudded its East Turtle Lake Turtle Lake is a name of a place. It may refer to :
According to the United States Census Bureau, the township has a total area of 178.2 km² (68.8 mi²). 175.4 km² (67.7 mi²) of it is land and 2. . The well will be drilled to a total depth of 6,800 feet to test the Niagaran formation. The location was selected based on a recently completed eight-square-mile 3-D seismic survey. The company has acquired an option from Amoco U.S.A to conduct seismic and drilling operations on approximately 20,000 acres of "held by production" leases in the Northern Niagaran Reef Trend located in Kalkaska, Otsego and Grand Traverse Counties, Michigan. Operations have commenced on additional 3-D seismic surveys covering approximately 25 square miles and costing in excess of $1 million. The company associated industry partners to assume all of the costs associated with the 3-D surveys. Callon is the operator and has a 24 percent interest in the project. Callon Petroleum Company is engaged in the acquisition, development, exploration and operation of oil and gas properties for its own account and the account of industry partners and its institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. . CONTACT: Callon Petroleum Company, Natchez Terry Trovato, 601/442-1601 |
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