Welcome To The Norwood Resources HUB On AGORACOM
Identifying, acquiring and developing economic hydrocarbon reserves for supply to the Energy Sector
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: Norwood Spuds San Bartolo Sidetrack Well

British_columbia
Rank: [?]
President
Points: [?]
3812
Rating: [?]
Votes: 47 Score: 3.9
  • Currently 4.0/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Norwood Spuds San Bartolo Sidetrack Well

posted on Oct 23, 09 03:02PM

Norwood Spuds San Bartolo Sidetrack Well

	    Trading Symbol: NRS

	    VANCOUVER, Oct. 23 /CNW/ - Norwood announces that drilling of the San
Bartolo 1-X (SB-1X) sidetrack well has commenced on the INDOKLANICSA
concession in Nicaragua. The purpose of the sidetrack is to test certain
hydrocarbon bearing reservoir zones, which were identified during the drilling
of the original San Bartolo 1 well in 2007.
	    The sidetrack well will exit the San Bartolo-1 well bore at 5560' and
drill approximately 1440' at a northeasterly azimuth to a measured depth of
7000' achieving an inclination of about 20 degrees and a distance of
approximately 200' from the original wellbore. Petrophysical analysis from the
San Bartolo-1 well suggests the sidetrack will transect 143 feet of
oil-bearing reservoir target zones.
	    The well will be drilled underbalanced to permit fluid inflow as the
reservoir targets are penetrated. A highly inhibited polymer drilling fluid
will be used to minimize damage to reservoir mineralogy. An open-hole testing
program is planned with a gas lift system to produce any moveable hydrocarbons
encountered in the drilling and completion phases.
	    The Company will report results as soon as they become available.

	    <<
	    ON BEHALF OF THE BOARD OF DIRECTORS OF
	    NORWOOD RESOURCES LTD.

	    "Raymond Cahill"

	    Raymond Cahill
	    President & CEO

	                             WE SEEK SAFE HARBOUR
	    >>

	    This press release contains certain forward-looking statements. While
these forward-looking statements represent our best current judgment, they are
subject to a variety of risks and uncertainties that are beyond the Company's
ability to control or predict and which could cause actual events or results
to differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
forward-looking statements.

	    <<
	           THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
	                 FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE
	    >>



New Message

Please login to post a reply

AGORACOM Quick Tips

AGORACOM 100 - The Top 100 Small Caps ... Find Your Next Investment

President's D.D.

New feature: Hub Presidents can add important links here.