Tuesday, March 29, 2005

Gas Fireplace Website - Gas Fireplace Articles

Gas Fireplace Website - Gas Fireplace Articles: "As part of its ongoing development program, Petrol Oil and Gas Inc. is pleased to announce the results of its initial exploratory drilling program on its Missouri properties. Petrol Oil and Gas Inc. was created in today's high gas price environment to focus on the development of Coal Bed Methane (CBM) in Eastern Kansas and Western Missouri. With CBM growing in importance as a domestic source of natural gas, the Company is strategically drilling in areas that are cost efficient and in proximity to existing production, thereby reducing the economic risk.

The Company has drilled 5 exploratory wells in western Missouri to date, each to a total depth of about 900 feet. Petrol's geologist Bill Stoeckinger reported good gas shows in a number of the coal seams contained in the Cherokee Group, the primary source of CBM production in the area.

Petrol's CEO Paul Branagan stated 'We are extremely pleased with our preliminary field results indicating that these shallow coal beds appear gassy and are very similar to those we are producing from in our nearby Kansas CBM wells'.

To date Petrol has acquired 20,000 acres in Bates and Cass Counties in Western Missouri, all of which are located within the Western Interior Basin, one of the country's largest CBM basins. Petrol's land position has the added benefit of very low drilling costs" Click to read full article

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