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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14117)	12/8/1998 2:22:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Bakrie Minarak Energy Inc. Yemen Drilling Update CALGARY, Dec. 8 /CNW/ - Bakrie Minarak Energy Inc. (ASE:BAK.A) announces that its first exploration well on Block R2 in Yemen commenced drilling on December 6, 1998. The Daw'an No.1 well is located on the 700,000 acre Block in the East Shabwa region where the Company holds a 50% working interest. Daw'an No.1 will be drilled to a depth of approximately 2,000 meters to test a large structure at the Lower Cretaceous level. The objective formation is the Qishn sandstones that produce Hydrocarbons to the east and north. Drilling is expected to take approximately 60 days. This well will evaluate the first of several plays on the Block.

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