|
Post by Franko10 ™ on Feb 20, 2005 19:42:16 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 (CDNX) Exemption 12g3 - 2(b) O.T.C. GARC-F SEC File # 82-659 February 15, 2000- Vancouver, BC. The Company is pleased to announce that the drilling of the Warren/Thurmond #2 well on the Company’s Camp Colorado Prospect in Texas has been completed. Electric log analysis was completed and casing has been set in the well to a depth of 2,921 feet. The electric log indicates hydrocarbon presence in three zones: from deepest to shallowest, the Duffer Formation, the Marble Falls Formation, and the Caddo Limestone Formation. Testing of the three zones that log productive is expected to begin within the next few days beginning with the deepest zone, the Duffer Formation. Result will be announced once testing has been completed. The Company has a 10% interest in the Camp Colorado Prospect. The current well is the second of twelve development wells planned for the prospect. 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 Canadian Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
|
|