August 18, 2005 (Press Release) --
Running Fox Resource Corp.: High Impact Alberta Natural Gas Down-Spacing Horizontal Well Proceeding
Running Fox Resource Corp. (TSX VENTURE: RUN) reports: High Impact Alberta Natural Gas Down-Spacing Horizontal Well Proceeding
As previously announced, the Company had elected to participate as to a 30% gross interest in the first Section of its Pincher Creek Gas Field Leasehold., with Choice Resources (TSXV - CZE) of Calgary, Alberta as the operator. After payout, the interest converts to a 15% net interest. The first well in the program at 1-5-3 of 28 is a horizontal well currently drilling at 2,212 metres, with Precision Drilling Rig #645. Total well depth is 4,579 metres, including the horizontal leg. The well is a down-spacing exploitation well, with a potential resource base between 30 billion cubic feet and 80 billion cubic feet. Possible production rates are targeted to be between 10 and 35 Mmcf/day plus btu-rich liquid condensates.
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Running Fox Resource Corp. (TSX VENTURE: RUN) reports: High Impact Alberta Natural Gas Down-Spacing Horizontal Well Proceeding
As previously announced, the Company had elected to participate as to a 30% gross interest in the first Section of its Pincher Creek Gas Field Leasehold., with Choice Resources (TSXV - CZE) of Calgary, Alberta as the operator. After payout, the interest converts to a 15% net interest. The first well in the program at 1-5-3 of 28 is a horizontal well currently drilling at 2,212 metres, with Precision Drilling Rig #645. Total well depth is 4,579 metres, including the horizontal leg. The well is a down-spacing exploitation well, with a potential resource base between 30 billion cubic feet and 80 billion cubic feet. Possible production rates are targeted to be between 10 and 35 Mmcf/day plus btu-rich liquid condensates.
Disclaimer: www.investorideas.com/about/disclaimer
Full News: www.investorideas.com/Companies/ViewDocument.asp?ID=3305

Running Fox Resource Corp. High Impact Alberta Natural Gas Down-Spacing Horizontal Well Proceeding
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