Danoil begins its 60 well 1997 drilling program.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)--May 13, 1997--Danoil Energy (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). DAN.A.) Danoil has started its 60 well drilling Well drilling is the process of drilling a hole in the ground for the extraction of a natural resource such as ground water, natural gas, or petroleum. Drilling for the exploration of the nature of the material underground (for instance in search of metallic ore) is best described program for Viking oil production in the Dodsland Area of Saskatchewan. Initially, 33 directional In one direction. Contrast with omnidirectional. wells and 5 vertical wells will be drilled in the East Dodsland Viking Voluntary Unit No. 1, plus 16 directional wells in the non-unitized lands. The wells are expected to increase Danoil's daily oil production volumes by 800 boed. Danoil is expecting approval from the Saskatchewan government on the usage of innovative drilling techniques, which will result in a reduction of drilling costs. "It will be a busy summer with completion of the program scheduled for August 31, 1997," said David Roth David Roth (b.1952, New York) is an American magician. David Roth is widely regarded as one of the world's greatest living coin magicians. Roth is known both for tremendous technical mastery and for playful and surrealistic formal performance pieces. , Manager of Operations. WestCastle Energy Trust has an option to purchase the Dodsland wells drilled in this program at their appraised value An appraised value (USA) or mortgage valuation (Australia) pertains to the assessed value of real property in the opinion of a qualified appraiser or valuer. It is usually used as a pre-qualification & risk-based pricing factor related to the issuance of mortgage loans by a at January 1, 1998. The flush To empty the contents of a memory buffer. See buffer. Flush Elizabeth Barrett Browning’s spaniel, subject of a biography. [Br. Lit.: Woolf Flush in Barnhart, 446] See : Dogs (data) flush production to this date is for Danoil's account and Danoil continues to own the facilities and operate. Danoil Energy Ltd. is a publicly listed oil and gas company based in Calgary listed on the Alberta Stock Exchange (DAN.A). -0- The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. CONTACT: Danoil Energy Inc. Bob Brawn, 403/261-9010 403/262-6977 (FAX) danoil@danoil.com http://www.danoil.com or Danoil Energy Inc. Don Milne, 403/261-9010 403/262-6977 (FAX) danoil@danoil.com http://www.danoil.com or Danoil Energy Inc. Patti DeDominicis, 403/261-9010 403/262-6977 (FAX) danoil@danoil.com http://www.danoil.com |
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