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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (10301)4/23/1998 11:28:00 PM
From: Kerm Yerman   of 15196
 
CORP. - SPEC 20 LISTED / Wenzel Downhole Files Statement Of Claim

WENZEL DOWNHOLE TOOLS LTD.
ASE SYMBOL: WZL

APRIL 23, 1998

Wenzel Downhole Files Statement of Claim

CALGARY, ALBERTA--Wenzel Downhole Tools Ltd. is engaged in the
business of inventing, developing, manufacturing and marketing
downhole drilling tools. Wenzel's technology has become
synonymous with quality and efficiency in drilling applications.
The Company feels that it must protect its exclusive rights to use
patented technology.

The Company has obtained advice from legal counsel and a
consulting engineer that our patent on certain proprietary
technology may have been infringed upon. Based upon that advice,
the Company has filed a statement of claim in the Federal Court of
Canada against certain defendants.
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