CALGARY, Oct. 25 /CNW/ - Resilient Resources Ltd ("Resilient") (TSX: RRL)
announces that it has completed the drilling of Spring Creek Moulton No. 4,
the second of two wells to be drilled on its 100,000 acre holding located on
the Blackfeet Indian Reserve in Montana.
Drilling was completed at a total depth of 4050 feet with open-hole logs
indicating potential oil and gas zones. Casing has been set and completion and
evaluation activities for both Moulton No. 3 and No. 4 will commence
immediately upon securing appropriate equipment, which is expected to occur
within the next two weeks.
Forward-Looking Statements Advisory
This news release contains forward-looking statements within the meaning
of applicable securities laws. Forward-looking statements include estimates,
plans, expectations, opinions, forecasts, projections, guidance or other
statements that are not statements of fact. Although Resilient believes that
the expectations reflected in such forward-looking statements are reasonable,
undue reliance should not be placed on them because we can give no assurance
that such expectations will prove to have been correct. Factors that could
cause actual results to differ materially from those set forward in the
forward-looking statements include general economic, business and market
conditions. Resilient's forward-looking statements are expressly qualified in
their entirety by this cautionary statement. We undertake no obligation to
update our forward-looking statements except as required by law.
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