Business
Grove Energy Limited - Romanian Operations Update
Grove Energy Limited - Romanian Operations Update.
About this update from Surge Copper Corp.
[{"type":"text","content":"\n\n\n\n\n>\n\nVANCOUVER, Aug. 30 /CNW/ - Grove Energy Limited (\"Grove\" or the\n\"Company\")(TSX-V & AIM: GRV), the oil and gas exploration company with assets\nin Europe and the Mediterranean Margin, is pleased to advise that drilling\noperations have commenced at the Boar prospect, located in the South Craiova\nConcession (40% Grove), on August 29, 2006. Boar is the first of a planned\nthree well drilling program over the coming 6 months.\nThe Boar prospect (officially named the 2942-Piscu Sadovei) is located in\nthe south eastern part of South Craiova. The drilling campaign started on\nAugust 29th and will last approximately 40 days. The Boar prospect was\nselected by Sterling Resources Limited (Operator) from an interpretation of 2D\nseismic data shot earlier this year. The well is designed to test several\nreservoir objectives ranging from the Cretaceous to the Triassic and the\nprimary target is located at 2,000 metres.\nOnce the Boar well is completed Grove will have earned its 40 % interest\nin South Craiova. Grove's share of the well cost is estimated at\nC$1.6 million.\nA further 250 km of 2D seismic will also be shot in the Goshawk Region of\nthe South Craiova Concession. The seismic program is designed to refine the\ninterpretation of several large structural features located in an area\npreviously devoid of modern seismic.\n\nGROVE ENERGY LIMITED\n\nPer \"Wolfgang Zimmer\"\n\nDr. Wolfgang Zimmer, President\n\nSome of the statements contained in this release are forward-looking\nstatements. Forward looking statements include but are not limited to,\nstatements concerning estimates of recoverable hydrocarbons, expected\nhydrocarbon prices, expected costs, statements relating to the continued\nadvancement of the Company's projects and other statements which are not\nhistorical facts. When used in this document, and in other published\ninformation of the Company, the words such as \"could,\" \"estimate,\" \"expect,\"\n\"intend,\" \"may,\" \"potential,\" \"should,\" and similar expressions are\nforward-looking statements. Although the Company believes that its\nexpectations reflected in the forward-looking statements are reasonable, such\nstatements involve risk and uncertainties and no assurance can be given that\nactual results will be consistent with these forward-looking statements.\nVarious factors could cause...