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MISSOULA, MT, July 2 /PRNewswire-FirstCall/ - Golden Opportunity Resources, Inc., (OTC Pink: GDNO) a Nevada Corporation. Golden Opportunity Resources is pleased to report that it will soon commence drilling the first well on the Black Tiger prospect with its 50/50 joint venture partner, Big Snowy Resources L.P. Rig mobilization and preliminary groundwork has been completed and has facilitated the drilling to begin the second week of July. Mr. Bill Morton, company President and CEO states, "we are extremely excited to be drilling the Black Tiger, considering the history, geology and location of this prospect." The Black Tiger project is located within the south central portion of the Central Montana Uplift, approximately 60 miles north of Billings in T10N, R25E of Musselshell County, Montana. Structurally, the field lies on the southeastern plunging nose of the huge Devil's Basin anticline and just 7 miles west of the original Tyler discovery in the Big Wall Oil Field. Since the Texas Company (Texaco) Tyler discovery at Big Wall on April 4, 1948, over 110 million barrels of Tyler oil have been produced in the Tyler Fairway within 50 miles of the "Black Tiger" prospect.
Golden Opportunity Resources Inc. is a junior oil and gas exploration company focused on finding and developing undervalued oil and gas assets worldwide. Our plan is to build a solid base of core projects that provide recurring monthly cash flows and on occasion enter into wildcat high risk/reward wells to add the potential of aggressive growth in our company for our shareholders. We are extremely excited about the future prospects of the company and look forward to growing the business with our shareholders for years to come.The company will keep its shareholders updated as this re-completion effort and will make further news releases as new information comes available.
This media release may contain forward-looking statements regarding, but not limited to, management, market potential, distributor success, market size, international sales, marketing, future events and performance of the Company which involve risks and uncertainties that could materially affect actual results. Investors should refer to documents that the Company intends to file with the SEC for a description of certain factors that could cause actual results to vary from current expectations and the forward-looking statements contained in this media release.
SOURCE Golden Opportunity Resources, Inc. -0- 07/02/2004 /CONTACT: Investor Relations, t. 406-250-7870, e-mail: info@gdno.net, web: www.gdno.net/ (GDNO)
CO: Golden Opportunity Resources, Inc. ST: Montana IN: SU:
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Investors need to be watching Golden Opportunity Resources, Inc. (OTC: GDNO) this AM! Golden Opportunity Resources is a junior oil and gas exploration company focused on finding and developing undervalued oil and gas assets worldwide. The company's plan is to build up a solid base of core projects that provide recurring monthly cash flows and on occasion enter into wildcat high risk/reward wells to add the potential of aggressive growth in their company for its shareholders. Golden Opportunity Resources had excellent news out after yesterday's bell! Investors need to be watching this one closely! Golden Opportunity Resources, Inc. (OTC: GDNO) a Nevada Corporation. President William S. Morton is pleased to report that Golden Opportunity has acquired three more leaseholds in Musselshell County, Montana from joint venture partner Big Snowy Resources. This brings the total number of leases in the area to eleven. The new leaseholds entitle Golden Opportunity to a 50% interest in the holes for one hundred thousand dollars spent per hole. The new leases are located in section 15 and the southern half of section ten. President Morton is also pleased to announce that drilling is progressing in the first well in the Black Tiger prospect. The hole is currently down to 580 feet and is on its way to target depth of 3000 feet. The drill rig is currently drilling at a pace of 130-180 feet per day. The Black Tiger project is located within the south central portion of the Central Montana Uplift, approximately 60 miles north of Billings in T10N, R25E of Musselshell County, Montana. Structurally, the field lies on the southeastern plunging nose of the huge Devil's Basin anticline and just 7 miles west of the original Tyler discovery in the Big Wall Oil Field. Since the Texas Company Tyler discovery at Big Wall on April 4, 1948, over 110 million barrels of Tyler oil have been produced in the Tyler Fairway within 50 miles of the "Black Tiger" prospect. The Black Tiger is in the heart of the Tyler depositional fairway and is approximately 7 miles southeast of the Winnett Junction Oil field, which has produced over 30,000 barrels of sweet Tyler oil. Upper & lower Tyler alluvial point bar, deltaic distributaries and delta fringe sands have been deposited in substantial quantities throughout the prospect area. The Black Tiger is also located along the structural axis of the Devil's Basin Anticline. It is believed that the zone of most severe fracturing of an anticlinal fold should occur along its axis. This zone of fracturing appears to be responsible for secondary porosity developed in the Lower Health Limestone (source bed for the Tyler oil), which forms one of the reservoirs that are producing immediately adjacent to the 'Black Tiger' prospect. The Tyler channel system is the primary target of this prospect. There is ample evidence of significant Tyler deposition in this area. Tyler oil has been produced in the Thomas No. 1, No. 15-1 and No. 15-2 in section 15 of the Black Tiger prospect. Since the sands of the Tyler are a shoestring geometry of fluvial meander belt to deltaic deposition, productive sands thin and shale out in very short distances. But history within the Tyler depositional area has proved without a doubt, that if a Tyler sand with shows of oil are present, a productive Tyler field is close by. Stocks acting well as of late include: Broadcom Corp. (NASDAQ: BRCM), Google Inc. (NASDAQ: GOOG), and TravelZoo Inc. (NASDAQ: TZOO). Information contained herein is the opinion of Market-Pulse.com ("MP") and is intended to be used strictly for informational purposes. You should be aware that MP attempts to assure itself of the accuracy of the information contained in the analyses it publishes. In this regard, MP does, at times, rely on the accuracy of information supplied to it by the companies which are the subject of MP's analyses and/or parties related to those companies. MP also relies on the accuracy and integrity of information that is contained in company press releases and reports filed with the SEC. The companies mentioned in this publication have not approved the content or timing of the information being published unless otherwise noted. MP, because it relies on information supplied by various third parties disclaims any responsibility for the accuracy of such information. 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MP has been compensated in free trading shares of common stock, available for public trading as follows: Golden Opportunity Resource, Inc. compensation from a third party: two hundred fifty thousand free trading shares of stock in Golden Opportunity Resources, Inc., already delivered from a third party. To date, MP has sold nine thousand six hundred shares of stock in Golden Opportunity Resources, Inc. for proceeds totaling two thousand three hundred dollars. MP's officers and directors reserve the right to buy additional shares of the company discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market Pulse News Alert is a division of MP. Contact: Market Pulse 800.290.8935 info@market-pulse.com
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