Post by Franko10 ™ on Feb 20, 2005 19:50:39 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
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
April 18, 2000- Vancouver, BC. The Company is pleased to announce that the drilling of the Driscoll 22-19 well on the Company’s Madren Draw Prospect in Wyoming has begun The well will be drilled to the Fall River (Dakota) Formation at an approximate depth of 5,500 feet. The estimated timeline to drill to the targeted depth is 10 days.
The Madren Draw Prospect covers 3,400 acres and is located in the Powder River Basin of Weston County, Wyoming. The principle drilling objective is to discover oil and gas in the Channel Sands of the Fall River (Dakota) Formation. Two extensive geological studies were completed on the Prospect, both of which conclude that the Madren Draw may have geological similarities to a discovery in the Fall River (Dakota) Formation in 1958 known as the Coyote Creek oil and gas field. To date, the Coyote Creek Field has produced over 30 million barrels of oil and 25 billion cubic feet of gas. The Coyote Creek Field is located 7 miles northwest of the Madren Draw Prospect. Additionaly, the Warren/Thurmon #2 well on the Company’s 2,600 acre Camp Colorado Prospect in Coleman County, Texas is now on production. It was tied in to the production facility on Friday, April 14, 2000. The Warren/Thurman #2 well has been designated principally as an oil well by the Texas Railroad Commission. This designation was due to the strength of the oil flow during flow testing. The well flow tested at 98.6 barrels of oil per day and 520,000 cubic feet of gas per day on a 18/64 inch choke. There are now two wells producing on this Prospect: the Warren/Thurman #1 and #2 wells. A further drilling program is now being put together to develop this Prospect. The Company has a 10% interest in the Camp Colorado 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.