Storm Cat to begin drilling program in Mongolia
2004-07-20 12:31 ET - News Release
Mr. William Schmidt reports
STORM CAT ENERGY CORPORATION COMMENCES EXPLORATION ON ITS MONGOLIAN COALBED METHANE PROJECT
Storm Cat Energy Corp.'s exploration team has made substantial progress with its Mongolian coalbed methane exploration project in the southern Gobi. The project manager of Storm Cat's exploration team is Yaro Horachek. Mr. Horachek has over 30 years of experience in coalbed methane, exploration, evaluation and development. Please visit www.stormcatenergy.com for information on Storm Cat's technical team.
Discoveries of Permian, Triassic and possible Jurassic coals have resulted from detailed stratigraphic work in at least three regions. In several locations, the coals are of the thickness required for commercial quantities. In spite of severe weathering of coal exposures, excellent coal cleating has been observed in one of the thicker seams. While the company has yet to identify any gas reserves or resources, the presence of coal cleats (or fractures) suggests that these coals may possess the degree of permeability in the subsurface needed to facilitate the possibility of future gas production.
Placing these coal seams into a correct structural and age context is part of the company's current exploration effort such that later exploratory drilling will be more geologically predictable. A drilling program has been provisionally contracted for late summer of this year.
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