<WILLOW RESOURCES LTD> SAYS DRILLING STARTS
Willow Resources Ltd said drilling of
the Number One Dudley Williams Heirs well in Panola County,
Texas, in which it has a 75 pct working interest, has begin.
    The company said it obtained a 12-month loan of 109,000
dlrs at two points over prime from Altair Investments Inc to
fund its share of the drilling costs.
    It said the well will be drilled to about 6,800 feet and is
likely to yield natural gas and condensate from multiple zones.
 Reuter
