Owner
Post by Franko10 ™ on Feb 22, 2005 22:19:44 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
NEWS RELEASE
COMPLETION RIG ON YOUNG #2-66 WELL
May 31, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce the arrival of the completion rig on the Young#2-66 well in Hemphill County, Texas. The rig will be attempting to perforate and fracture two eight-foot sections of the Morrow sand lobes between 12,952 - 12,960 feet 13,055 -13,063 feet. Completion of the fractures and tests to evaluate the gas quantities are expected to be completed by the second week of June, 2004. The test analysis will enable the Company to either proceed with the Morrow sands or move the process up the wellbore to access gas located in excess of 300 feet of pay in the Granite Wash zone. The Company has a 3% net revenue interest in the well, reducing to 2% after the Company’s initial investment has been recovered.
On behalf of the Board of Directors,
“Les Kjosness”<br>President
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
NEWS RELEASE
COMPLETION RIG ON YOUNG #2-66 WELL
May 31, 2004 – Golden Arch Resources Ltd. (the “Company”) is pleased to announce the arrival of the completion rig on the Young#2-66 well in Hemphill County, Texas. The rig will be attempting to perforate and fracture two eight-foot sections of the Morrow sand lobes between 12,952 - 12,960 feet 13,055 -13,063 feet. Completion of the fractures and tests to evaluate the gas quantities are expected to be completed by the second week of June, 2004. The test analysis will enable the Company to either proceed with the Morrow sands or move the process up the wellbore to access gas located in excess of 300 feet of pay in the Granite Wash zone. The Company has a 3% net revenue interest in the well, reducing to 2% after the Company’s initial investment has been recovered.
On behalf of the Board of Directors,
“Les Kjosness”<br>President
The TSX Venture Exchange assumes no responsibility for the accuracy of this Release and neither approves nor disapproves thereof.
