Owner
Post by Franko10 ™ on Feb 22, 2005 22:23:44 GMT -5
GOLDEN ARCH RESOURCES LTD.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.goldenarchresources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
192004
NEWS RELEASE
YOUNG #2-66 Completion Planned For Granite Wash
September 16, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce the commencement to complete the ‘Granite Wash’ area of the Young #2-66. The Young #2-66 was drilled in south central Hemphill County approximately 11miles south of Canadian, Texas. The well was drilled to a depth of 12,744’ where intermediate casing was run covering the Granite Wash intervals; subsequently the well was drilled deeper to a total depth of 13,518’ where 4 ½” production casing was set across the Morrow Sand intervals.
In the #2-66 Young wellbore, two separate Morrow sands were encountered. Each sand encountered good drilling breaks during drilling operations and each calculated to be gas productive, but appeared relatively low in porosity. Attempts at completing these two intervals failed as the zones were indeed tight. The two zones were each hydraulically fractured, stimulated and collectively tested and produced yielding small amounts of gas and formation water. The current operator and a partner in the well, W. C. Payne, has rights to the Morrow formation only. He has agreed to yield operations to Golden Arch Resources and other partners with the consensus to move up the hole to test the Lower Granite Wash intervals.
The well is located in the middle of the Hemphill (Granite Wash) gas field. This field is a world class prolific producing area with per well cumulative production commonly in excess of 4,000,000 [MCFG]. Production from the field is from the upper Granite Wash, a detritus zone generated by the erosion of the nearby buried Wichita Mountains. The field is currently active and is depth segregated. Golden Arch has the right to earn an interest from the base of the Upper Granite Wash (current producing horizon) approximately 11,200’ and below.
The lower Granite Wash interval, from which the Company has the right to earn interest, includes a portion of the Granite Wash “C”, “D”, “D” lower, and “E” zones. Pay thickness is well in excess of 300’ and approaches as much as 400’ using a 10% porosity cutoff. Gas shows interpreted in the logs display potential large gas reserves in the interval, with nearly each porosity zone giving strong chromatograph shows, with thicker intervals reaching over 4,000 units gas.
Conclusions and Recommendations
The “wash” sands will be perforated and tested. Should prolific production rates result as interpreted from the logs, the area will be reviewed and mapped to determine additional offset locations.
“B. Keith Shirley”<br>
B. Keith Shirley, PG
Geologist, Director Golden Arch Resources
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
#928 – 470 Granville Street, Vancouver, BC V6C 1V5 Phone: (604) 681-8222 Fax: (604) 681-8282
www.goldenarchresources.com
GAI: TSX Venture
Exemption 12g3 - 2(b)
GARCF: O.T.C
SEC File # 82-659
192004
NEWS RELEASE
YOUNG #2-66 Completion Planned For Granite Wash
September 16, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce the commencement to complete the ‘Granite Wash’ area of the Young #2-66. The Young #2-66 was drilled in south central Hemphill County approximately 11miles south of Canadian, Texas. The well was drilled to a depth of 12,744’ where intermediate casing was run covering the Granite Wash intervals; subsequently the well was drilled deeper to a total depth of 13,518’ where 4 ½” production casing was set across the Morrow Sand intervals.
In the #2-66 Young wellbore, two separate Morrow sands were encountered. Each sand encountered good drilling breaks during drilling operations and each calculated to be gas productive, but appeared relatively low in porosity. Attempts at completing these two intervals failed as the zones were indeed tight. The two zones were each hydraulically fractured, stimulated and collectively tested and produced yielding small amounts of gas and formation water. The current operator and a partner in the well, W. C. Payne, has rights to the Morrow formation only. He has agreed to yield operations to Golden Arch Resources and other partners with the consensus to move up the hole to test the Lower Granite Wash intervals.
The well is located in the middle of the Hemphill (Granite Wash) gas field. This field is a world class prolific producing area with per well cumulative production commonly in excess of 4,000,000 [MCFG]. Production from the field is from the upper Granite Wash, a detritus zone generated by the erosion of the nearby buried Wichita Mountains. The field is currently active and is depth segregated. Golden Arch has the right to earn an interest from the base of the Upper Granite Wash (current producing horizon) approximately 11,200’ and below.
The lower Granite Wash interval, from which the Company has the right to earn interest, includes a portion of the Granite Wash “C”, “D”, “D” lower, and “E” zones. Pay thickness is well in excess of 300’ and approaches as much as 400’ using a 10% porosity cutoff. Gas shows interpreted in the logs display potential large gas reserves in the interval, with nearly each porosity zone giving strong chromatograph shows, with thicker intervals reaching over 4,000 units gas.
Conclusions and Recommendations
The “wash” sands will be perforated and tested. Should prolific production rates result as interpreted from the logs, the area will be reviewed and mapped to determine additional offset locations.
“B. Keith Shirley”<br>
B. Keith Shirley, PG
Geologist, Director Golden Arch Resources
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
