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Post by Franko10 ™ on Feb 20, 2005 19:24:33 GMT -5
GOLDEN ARCH RESOURCES LTD. 8930 OAK STREET, VANCOUVER, BC V6P 4B7 (604) 266-9910 1-800-661-0091 Fax: (604)266-5000 E-mail: safeenv@direct.ca NEWS RELEASE Symbol: GAI (VSE) Exemption 12g3 - 2(b) O.T.C. GARC-F SEC File # 82-659
Golden Arch Drilling, Powder River Basin, Wyoming Vancouver, BC - Sept. 22, 1999 Golden Arch Resources Ltd. is pleased to announce that it has been advised by the Operator, Commonwealth Energy Corp. (CWY-ASE), that drilling is completed on the F24-5 BELTCH well on the ALKALI DRAW PROSPECT located in the Powder River Basin of Wyoming. An Electric Log Analysis has also been completed and casing is currently being set in the well. Well completion is slated for the second week of October, 1999, and the results will be released when received. The Company has a 10% working interest in the play. The target formation successfully encountered is Channel Sand oil and gas in the Fall River (Dakota) horizon. The 2,300 acre Alkali Draw Prospect is thought to be similar to Coyote Creek, which lies seven miles away on the same Fall River Trend. To date Coyote Creek, an oil and gas field discovered in 1958, has produced over 28 million barrels of oil, and 25 billion cubic feet of gas from the Dakota iformation. For further information on this news release please contact Richard J. Watson 1-800-661-0091, On behalf of the Board of Directors of Golden Arch Resources Ltd. "D.K. Greenlaw", Director The Vancouver Stock Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
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