Tracer Announces Preparations to Drill Muya No. 2 -- First Well of 1996 Drilling Program.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--March 28, 1996-- Tracer Petroleum Corporation announced today that based on the new structural and isopach mapping, Tracer has selected a location for the Muya No. 2 delineation well. After land clearance approvals and access permits have been granted by Pertima, the state oil company, and by the local governing gov·ern v. gov·erned, gov·ern·ing, gov·erns v.tr. 1. To make and administer the public policy and affairs of; exercise sovereign authority in. 2. authorities, the site preparation will begin and an announcement of a drill date will be forthcoming. Encouraging oil shows were found in the Muya No. 1 well in several Lower Tanjung Formation Sands. The Muya structure is located in the Barito Basin, 20 km to the northeast of the Tanjung Oil Field which has produced more than 100 MMBO MMBO Million Barrels of Oil cumulative. Tracer owns a 100% undivided interest undivided interest n. title to real property held by two or more persons without specifying the interests of each party by percentage or description of a portion of the real estate. in the 1.6 million acre North Tanjung Block. On behalf of, TRACER PETROLEUM CORPORATION For: E. G. (Ed) Mowatt Director -0- Note to Editors: The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has neither approved nor disapproved the content of this release. CONTACT: Tracer Petroleum Corporation Ed Mowatt or Craig Doctor, 604/682-7507 or 800/488-6303 |
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