Cdn Imperial operator leaves some drill assembly in hole

2008-05-26 14:16 ET - News Release

Mr. Steve Millan reports

SPE ET AL SHOAL POINT 2K-39 UPDATE

Canadian Imperial Venture Corp. has been informed by the operator, Shoal Point Energy Ltd., that when the drill string was withdrawn from the hole prior to running casing, approximately six metres of the drilling assembly had been left in the hole. This fish is now at the bottom of the hole and the plan is to set casing above the obstruction then to drill around it before proceeding to drill into the primary target, as originally planned.

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