Monday September 19, 8:02 am ET
CALGARY, ALBERTA--(CCNMatthews - Sept. 19, 2005) - Choice Resources Corp. (TSX VENTURE:CZE - News) is pleased to announce that the 1-5-3-28 w4m Pincher Creek well reached its total measured depth of 3,755 meters with intermediate casing now run and cemented in place without incident. The casing penetrated the Fernie Shales and is cemented into the impervious cap rock of the Mount Head. The Fernie Shales are a platy, over-pressured interval prone to collapse and was considered to be a zone of concern in the drilling operation. With this shale interval safely cemented behind casing, Choice will begin the underbalanced horizontal drill segment of the well in the porous gas-bearing intervals of the Rundle group.
ADVERTISEMENT
[Blocked Ads]
To date, the drilling operation has progressed well. The operation is approximately 10 days ahead of schedule. Horizontal drilling will take place as part of the next phase and Choice will be drilling with natural gas that will be recovered as all returns will be processed at the Pincher Creek Gas Plant. More information will be released once the technical information is analyzed. Choice Resources, Running Fox Resource Corp. and Blue Parrot Energy have a 52.5%, 15%, and 2.5% respective interest after payout of the well capital. Steven Schurman, CEO of Running Fox comments: "Running Fox is quite pleased with the progress of the drilling operations to date".
Please post stock symbols first in all your posts. If it's a foreign stock, please list the US pk equivalent symbol.
If the Commodities Boom is Over, I am just a Gold Bug headed for the Windshield of LIFE
