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VAN.V ( VNGRF: OTC-
PK
) :
Vangold
Resources Ltd. is a unique natural resource company with a portfolio of
22 diverse advanced stage projects including revenue generating oil and
gas projects. Vangold's oil
and gas drilling programs in Alberta, Canada, include the Killam
N oil field. Vangold and its partners are currently drilling a 16 well program
on its 26.25% owned Killam N oil field. The first multi-leg horizontal well in
this phase has been drilled, completed and equipped with a single well battery.
Culane has started the production testing of this well and production has averaged
approximately 250 barrels
of oil per day to date. This production drill program is to be completed
in January 2006.
Vangold's
Alberta projects also include the Sarcee Gas Discovery, (the Sarcee
12-13-23-4W5M well is estimated to be 20 to 30 BCF (Sproule Associates Ltd.).
This project is located in the Rocky Mountain House Deep Gas Basin which is close
to Shell's trillion cubic feet pool.
In
the gold sector, drilling will commence early 2006 at Mt. Penck (Papua New Guinea)
which has been compared to Nevada's Round Mountain Mine (9 million ounces). Vangold
also has licenses covering over 60 sq km in the prospective Kilembe copper/cobalt
belt in Uganda.
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