Printer Friendly

WAINOCO ANNOUNCES NEW CANADIAN GAS FIELD DISCOVERY

 HOUSTON, Oct. 12 /PRNewswire/ -- Wainoco Oil Corporation (AMEX: WOL) today announced that it has participated in the discovery of a new gas field in southern Alberta, Canada. To date, three wells have been completed in this field which tested at an aggregate rate of 10 million cubic feet per day. The productive horizon is located at a depth of approximately 2,500 feet. A fourth well is planned to be drilled in the fourth quarter of 1993.
 Wainoco has a working interest of 40 percent in the field and in the surrounding acreage. Production is expected to commence in February of next year.
 Wainoco Oil Corporation is a North American oil and gas exploration, production and refining company with operations in the western United States and Canada. Wainoco's common shares are listed on the New York and Alberta Stock Exchanges under the symbol WOL.
 -0- 10/12/93
 /CONTACT: Julie Edwards of Wainoco Oil, 713-658-9900/
 (WOL)


CO: Wainoco Oil Corporation ST: Texas IN: OIL SU: DSC

LG -- NY053 -- 1075 10/12/93 12:03 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 12, 1993
Words:175
Previous Article:FIRST VIRGINIA THIRD QUARTER EARNINGS INCREASE 11 PERCENT
Next Article:NEW OFFICERS, LICENSING AGREEMENTS AND STRONG SALES AT TOLLGRADE
Topics:

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters