United Bolero Development Corp. has begun operations on the Wagonbox property in Musselshel county, Montana. Two wells are currently planned. United Bolero is drilling these wells in agreement with Big Snowy Resources. The Wagonbox property covers approximately 2,500 acres, with
the targeted depth being 3,000 feet into the prolific Tyler formation. United
Bolero will earn a 50-per-cent working interest in each of the two wells by
spending $100,000 (U.S.) per well on drilling costs.
At the Smokey Gap project located in Wyoming, USA, the operators have
decided to let hole number three "settle" as the rigs have moved over to
Montana. The well will be re-visited and evaluated upon completion of hole
number one in Montana.