Oil and Gas Technology Fund Predicts Pay Zones Prior to Drilling Natural Gas Test.SAN DIEGO--(BUSINESS WIRE)--Feb. 25, 1999--Oil and Gas Technology Fund Inc. (OGTF OGTF Operational Ground Test Facility ), is pleased to announce the commencement of drilling of a 9,100 foot test of the Federal 1-23 exploratory well located in the NE/4 of the SE/4, Section 23, T35N, R85W in the Boone Boone. 1 City (1990 pop. 25,186), seat of Boone co., central Iowa, on the Des Moines River; inc. 1865. It is a railroad and industrial center with plants making machinery, steel fabrications, and plastic signs. Dome dome, a roof circular or (rarely) elliptical in plan and usually hemispherical in form, placed over a circular, square, oblong, or polygonal space. Domes have been built with a wide variety of outlines and of various materials. project in Natrona County, Wyo. Utilizing a new, state-of-the-art technology that identifies potential oil and gas pay sands prior to drilling, the OGTF well is being drilled in a relatively unexplored region of central Wyoming Wyoming, city, United States Wyoming, city (1990 pop. 63,891), Kent co., W Mich., in the greater Grand Rapids metropolitan area, on the Grand River; settled 1832, inc. 1959. . The company hopes this use of technology will yield the next important natural gas discovery. "This new exploration technology is amazing a·maze v. a·mazed, a·maz·ing, a·maz·es v.tr. 1. To affect with great wonder; astonish. See Synonyms at surprise. 2. Obsolete To bewilder; perplex. v.intr. ," said Richard McGill, vice president of OGTF. "The computer indicated more than thirty different hydrocarbon-bearing formations, including three large formations at four depths -- the Niobrara at 5,200 feet, the Frontier at 6,500 feet and again at 7,200 feet, and the Crow Mountain at 9000 feet -- that we consider to be significant. It's going to be an interesting test of this new exploration technology." Additional information and updated drilling reports are available by calling toll-free 800/462-2829, or by visiting the Boone Dome Web site at http://www.boonedome.com. |
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