Contact Exploration to Begin Appraisal Drilling in Riversdale
|Monday, November 05, 2001
Contact Exploration Inc. has completed the interpretation of the seismic run on its 69,000 acre "Riversdale" exploration block in the Colchester and Pictou Counties in Nova Scotia and has elected to drill a test well. As part of the election Contact has agreed to spud a test well prior to May 17, 2002. By drilling this test well Contact will earn a 100% working interest in the block subject to a 10% non-nonvertible gross override payable to Devon Canada Corporation (formerly Northstar Energy Corporation).