Prima Energy Corporation Reports on Well Status, New Joint Venture Agreement, And Executive Departure.

Publication: PR Newswire

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COPYRIGHT 2002 PR Newswire Association LLC

Prima Energy Corporation ("Prima"), a Denver-based independent oil and gas company, today reported on three separate developments.

Prima recently completed drilling the Scofield-Thorpe #22-41, a 100%-owned exploratory test well on the 74,000-acre (71,000 net acre) Coyote Flats Prospect, located on the Wasatch Plateau, 15 to 25 miles northwest of Price, Utah. As previously reported, as of November 10, the well had been drilled to a total depth of 4,192 feet and had encountered 17 Emery coal seams ranging in thickness from four feet to 18 feet, and aggregating approximately 120 net feet of coal. The well was subsequently deepened to 6,247 feet, and encountered gas shows from fractured shales and sandstones...

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