Camflo International Inc.Corporate Update • March 5th, 2004 • Camflo International Inc • Metal mining
Camflo and its partners have drilled and cased a well, 3-18-110-09-W6, at Rainbow Lake. Camflo and its partners are expecting a service rig on this multi-zone well by March 15th, 2004.The Muskeg and Jean Marie formations will be tested for potential oil production and the Sulphur Point formation is expected to produce commercial quantities of natural gas. On a successful completion, this well has set up two more drillable locations. Camflo has a 68% WI BPO (before pay out), reverting to a 34% APO (after pay out) on this well.
