FOR IMMEDIATE RELEASE: July 14, 1997
Media Contacts:
Richard W. Walker,
Thompson-Walker
International
214-521-7900; or
Richard Guillemin,
Trinity Gas Corporation
915-646-5088
TRINITY WELL RECOGNIZED BY COLOMBIA, S.A.
Officials Designate 'new field discovery'
BROWNWOOD, Texas -- July 14, 1997 -- Trinity Gas
Corporation's (Nasdaq/BB:TRGC) Palmira 1 drilling site, near
the city of Cali, Colombia, S.A., has been officially
designated a "new field discovery" by several notable
Colombian political officials during a visit to the drilling
site.
The mayor of Palmira, Guillermo Cabal Velez, was quoted in
El Pies: La Region (July 5, 1997) as saying that the success
of the well would be a boon to local residents.
"We need to confirm the existence of gas in Palmira,
although we still haven't yet realized the great potential
of this well, he said. Trinity Gas Corporation's president
and chief executive officer, Sid Sers, said his company had
made every effort to keep all drilling information
confidential prior to the site visit by Colombian officials.
Velez also is excited about the social domestic benefits
that the well will bring. Trinity has earmarked part of the
profits from its operations to improve the social
infrastructure of the Cauca Valley.
These "social dividends" would help build orphanages and
homes for unwed mothers, help support children without homes
or families, and supply initiatives to raise the education
level of the citizenry.
Several other officials representing Ecopetrol also visited
the site with Velez, including Ruben Dario Zafra, the
general commercial manager of Lidagas, and officials with
Ecopetrol, the National Oil Company of Colombia.
Trinity's Palmira 1 well is located in the San Jose Hacienda
in Colombia's gas-rich Cauca Valley. Mud logs from the well
continue to show more gas than predicted.
The Palmira 1 drilling site includes more than 600 square
miles that Trinity has under contract with the Faralones
Association. Ecopetrol is an equal partner with Trinity
under this contract. |
