Bactech Environmental Corp. press release
Vulcan Minerals Inc. Hurricane No. 1 Operations Completed
CSE - Canadian National Stock Exchange · Gold · Silver · Arsenic · Iron · Nickel · Copper · Cobalt · Rare Earth Elements · Canada
Stock Symbol: TSX: VUL Shares issued: 28,510,884
ST. JOHN'S, Nov. 18 /CNW/ - Vulcan Minerals Inc. ("the Company" TSX-V: VUL), announces that operations at the Hurricane No. 1 well in Western Newfoundland are completed. The well was drilled to a depth that tested the geologic objectives. Numerous gas shows were encountered while drilling. The well has been logged and several drill stem tests were carried out. None of the tests encountered commercial hydrocarbons and the well will be plugged and suspended for possible future re-entry and further evaluation. The main target beneath the evaporite section flowed approximately 36 barrels of water per day based on drill stem test recovery and indicated good reservoir characteristics. Oil shows in the form of fluorescence were encountered in the target and suggest that the zone was subsequently flushed with water at this location. The presence of gas shows over a gross interval of 300 metres also indicates that the petroleum system within the basin extends at least 15 km south of the Flat Bay oil discovery. This bodes well for the prospectivity of several targets within the Hurricane Structure which extends over a potential area of approximately 100 km2 and will require several wells to test its various fault compartments. The Company will now move its rig 3 km west to drill test an updip portion of the Hurricane Structure. The Hurricane No. 2 well will test the Fischells Brook conglomerate and an underlying seismically anomalous section not previously drilled.
Magnetic Survey/Coal Bed Methane
The Company has entered into an agreement with Aeroquest Limited to acquire approximately 4,000 line kilometres of airborne high resolution- magnetics over the Company's entire land package in the Bay St. George Basin. Surveying should commence shortly. This data combined with a growing geologic database will greatly assist the exploration of the basin. As well, the magnetic survey will enhance the structural interpretation of the St. George's Coalfields which are being assessed for their coal bed methane potential.
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