Danoil Energy's results in Carson Creek.CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--Oct. 24, 1996--Danoil (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). : DAN.A.) Danoil announces that it has completed the drilling of its sixth well in the Carson Carson, city (1990 pop. 83,995), Los Angeles co., S Calif., an industrial and residential suburb of Los Angeles; inc. 1968. Oil refining is the major industry; fabricated metals, paper, and other products are manufactured. The California State Univ. Dominguez Hills is there. Creek area. This well is located at 3-13-61-12W5M and is a followup well to Danoil's Nordegg/Pekisko gas discovery at 12-7-61-11W5M. The well has been drill stem tested In oil and natural gas extraction, the drill stem includes the drill pipe, drill collars, bottomhole assembly, and drill bit. A drill stem test (DST) is a procedure for testing the surrounding geological formation through the drill pipe. at a stabilized sta·bi·lize v. sta·bi·lized, sta·bi·liz·ing, sta·bi·liz·es v.tr. 1. To make stable or steadfast. 2. rate of 6.8 million cubic feet per day and is presently being completed. Plans to construct a gathering system to connect three gas wells in the area to the Norcen Gas Plant are completed and production is expected to commence by the end of the year at a rate of approximately 4.5 million cubic feet per day. An additional well, 8-34-61-11W5M is expected to be on production prior to the end of the year at an anticipated rate of 500 thousand cubic feet per day from the Notikewin formation. Danoil Energy Ltd. is a Calgary based, reporting issuer company with oil and gas holdings primarily in Alberta and western Saskatchewan. -0- The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Danoil Energy Ltd. R.G. (Bob) Brawn, 403/261-9010 Wayne Wadley, 403/261-9010 |
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