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HORIZONTAL RE-ENTRY OF STEELMAN 9-15-5-4W2M COMMENCES IN STEELMAN AREA OF SASKATCHEWAN

 HORIZONTAL RE-ENTRY OF STEELMAN 9-15-5-4W2M
 COMMENCES IN STEELMAN AREA OF SASKATCHEWAN
 VANCOUVER, British Columbia, Feb. 24 /PRNewswire/ -- The horizontal re-entry of the Steelman 9-15-5-4W2M has commenced in the Steelman Area of S.E. Saskatchewan using the advanced technology of Becfield Horizontal Services Co. and Rockwell Servicing Inc. The operator will re-enter the 9-15 well bore, mill the casing, drill a build curve to the targeted Frobisher Formation and drill a horizontal lateral approximately 434 meters through the oil reservoir. Budgeted costs are under $300,000 CND with potential recoverable oil reserves of 300,000 barrels. Drilling is expected to be completed in six days.
 Participating interests are as follows:
 Euro-Pacific Resource Group Inc. (Vancouver: ERO) 16.6235 percent
 Camden Oil Corp. (Vancouver: CMD) 18.659 percent
 Fort Point Resources Ltd. (Vancouver: FTP) 17.315 percent
 -0- 2/24/92
 /CONTACT: Euro-Pacific Resource Group Inc., 604-876-0479, Camden Oil Corp., 604-943-6588, or Fort Point Resources Ltd., 902-527-1353/
 (ERO. CMD. FTP.) CO: Euro-Pacific Resource Group Inc.; Camden Oil Corp.; Fort Point
 Resources Ltd. ST: British Columbia IN: OIL SU:


KJ -- LA006 -- 1754 02/24/92 09:30 EST
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Publication:PR Newswire
Date:Feb 24, 1992
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