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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (12413)9/22/1998 10:07:00 PM
From: Kerm Yerman   of 15196
 
FIELD ACTIVITIES / PanCanadian Petroleum Notice

PANCANADIAN'S CARBON DIOXIDE SUPPLIER FOR WEYBURN RE-EXAMINES ITS
INVESTMENT OPTIONS

CALGARY, Sept. 22 /CNW/ - PanCanadian Petroleum Limited has been advised
by Dakota Gasification Co. (DGC) of Bismarck, North Dakota that DGC is
re-examining its investment options in relation to both its commitment to
construct a pipeline to deliver CO(2) to the Weyburn project and its
commitment to supply CO(2) from its coal gasification facility in Beulah, N.D.

DGC is contracted to build a 330-kilometre pipeline and supply CO(2) from
the Great Plains Synfuels Plant at Beulah to Weyburn, Saskatchewan for the
carbon dioxide flood project.

PanCanadian remains committed to the CO(2) enhanced recovery project for
the Weyburn field and plans to continue the engineering and planning necessary
for the construction of the project. PanCanadian will actively participate in
DGC's review with respect to how DGC's decisions affect the Weyburn project.
This review by DGC could result in a delay of the start of CO(2) injection at
Weyburn. The scheduled date for CO(2) injection is December 1, 1999.

PanCanadian is one of Canada's largest producers and marketers of crude
oil, natural gas and natural gas liquids. Its extensive exploration and
production activities stretch from coast to coast in Canada and include a
variety of international interests in the Gulf of Mexico, the United Kingdom,
Australia, South Africa and Venezuela.

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