Maxim Resources Inc.: Drilling Update on Cartwright No. 1 Well.VANCOUVER, British Columbia -- Maxim Resources Inc. (the "Corporation") (TSX VENTURE:MXM)(OTCBB OTCBB See OTC Bulletin Board (OTCBB). :MXMSF)(FWB:M5H) wishes to announce that its Cartwright No. 1 well in La Salle County, Texas La Salle County is a county located in the U.S. state of Texas. In 2000, its population was 5,866. Its county seat is Cotulla6. La Salle County is named for René Robert Cavelier, Sieur de La Salle, a 17th-century French explorer. Geography According to the U.S. has reached total depth of 6950 feet. This well offsets its previous well, the Cooke No. 3, by approximately 1,000 feet. Schlumberger log analysis indicates an Escondido pay zone between 6630-6696 feet (66 feet net pay). Based on the log analysis, this well appears to be similar to the Cooke No. 3 well. 4.5 inch production casing is being run in the well today. Once the service rig arrives on site, the operator, Bayshore Exploration LLC advises that the well will be completed and put on production utilizing the existing facilities. Bayshore has informed the Corporation that the drilling of three additional wells will commence in April 2006. The Corporation's working interest is 9.5% in approximately 8840 acres. On behalf of the Board Arthur Brown, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release. Maxim Resources Inc. (TSX VENTURE:MXM) (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :MXMSF) (FRANKFURT:M5H) |
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