Nugget 14-4
Sweetheart 5A
Federal 7-11OTHF
Gibraltar No. 1
Federal 22-10S
Dross 22-1
The production from the above wells is estimated at approximately 41 bbls
of Oil per day. The company will be installing equipment on four
additional wells to place the same on production. After installation of
equipment on additional wells the company estimates the production from the
field at 80 bbls per day.
Oil and Gas Reserves
Oil reserves at the Cisco field are estimated at 500,000 bbls of oil and 4
BCF of natural gas. There are additional locations for 40 oil wells.
Pacific Energy & Mining is a diversified company with oil and gas interests
in Utah through its 50% ownership in Colorado Utah Natural Gas, Inc.
(www.coloradoutahgas.net)
Pacific Energy also owns a 7% working interest in the Brennan Bottoms Oil
Field in Uintah County, Utah, and a 50% revenue interest in the Cisco
Springs Oil Field in Grand County, Utah.
The Company owns a 16.67% interest in Mar/Reg Investments, a General
Partnership, through which it holds working interest in oil wells in
Altamont Bluebell Oil Field in Utah and working interest in numerous
non-operated wells in Oklahoma.
Disclaimer
The foregoing contains forward-looking information within the meaning of
The Private Securities Litigation Act of 1995. Such forward-looking
statements involve certain risks and uncertainties. The actual results may
differ materially from such forward-looking statements. The company does
not undertake to publicly update or revise its forward-looking statements
even if experience or further changes make it clear that any projected
results (expressed or implied) will not be realized.
Contact Information: Contact Information: Dan Green 310 410-4426