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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10344)4/24/1998 11:47:00 PM
From: Kerm Yerman   of 15196
 
FIELD ACTIVITIES / Westhope Capital Corp. Drilling Update

WESTHOPE CAPITAL CORP. - ANNOUNCES ITS DRILLING PROGRAM HAS
BEEN SUCCESSFUL

1998-04-24
TORONTO, ONTARIO

Issued & Outstanding Shares: 3,344,258

Westhope Capital Corp. (WHCC/CDN) announces that its drilling
program has been successful in putting two wells out of three wells drilled
into production and is anticipating success from the drilling of a fourth
well. The Company has a 15% interest in these producing wells.

1. Messea 6-238 NTR was the first successful well of the company initially
producing at 70 barrels per day. As expected as most oil and gas wells
the production has been reduced to approximately 5 bopd.

2. Gosfield South 2-24-V was drilled into a fractured limestone reservoir.
This well was successful and initially produced approximately 75 bopd
and is currently producing at an average of 28 bopd and is exhibiting a
flat line decline.

3. Paragon Maidstone 8-1 intersected zones of good porosity but encountered
only minor shows of oil and was not completed.

4. Clearwood - 4-24-V is a well to be drilled in the near future. We have
been cash called to begin the drilling of this well and due to the
look-alike anomalies with those of Gosfield South. 2-24-V it is
anticipated that the results of the drilling will be as successful as
the Gosfield South 2-24-V.
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