Trading Symbol: NRS
VANCOUVER, April 24 /CNW/ - Norwood Resources Ltd. (the "Company")
announces results of logging analysis of the Las Mesas Gutierrez No.1 well,
which is located eleven (11) kilometers west of the initial San Bartolo well.
The well achieved a total drilled depth of 9,880 ft with a bottom hole
deviation of 14.1 degrees. The Company has logged the well and independent
petrophysical analysis combined with core analysis has assigned a combined
potential 271 ft of conventional pay in ten (10) separate zones. The zones of
interest are within the various turbidite sands of the Paleocene Brito
formation. Results from core analysis indicate porosities in the 16% to 24%
range with permeability from 2 to 75 mD. These porosity measurements agree
favorably with the log measurements.
The Company has run 7" production casing in the well and expects to begin
testing at Las Mesas by the weekend.
Upon completion of testing at Las Mesas, the Company will move to San
Bartolo to commence testing of the San Bartolo Rodiguez Cano No.1 well while
the third drilling location is being prepared.
ON BEHALF OF THE BOARD OF DIRECTORS OF
President & CEO
WE SEEK SAFE HARBOUR
This press release contains certain forward-looking statements. While
these forward-looking statements represent our best current judgment, they are
subject to a variety of risks and uncertainties that are beyond the company's
ability to control or predict and which could cause actual events or results
to differ materially from those anticipated in such forward-looking
statements. Accordingly, readers should not place undue reliance on
THE TSX VENTURE EXCHANGE DOES NOT ACCEPT RESPONSIBILITY
FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE
For further information:
For further information: To find out more about Norwood Resources Ltd.
(NRS) contact: Raymond Cahill, President, E-Mail: firstname.lastname@example.org,
Telephone: (604) 642-6566