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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8364)1/8/1998 8:37:00 PM
From: Arnie   of 15196
 
CORP. / Hegco Canada to host reception for Financial Community

EDMOND, Oklahoma, Jan. 8 /CNW/ - The President and Chairman of HEGCO
Canada, Inc., Douglas C. Hewitt, announced today that HEGCO will host
receptions in Toronto, Ontario and Calgary, Alberta, for members of the
financial community. Key topics will be discussion of progress within the
Company's Oklahoma operations, related to recent discoveries and expanding
reserves, and the reentry of the El Grande No. 1 well in the Arkoma Basin of
Arkansas. The reentry strategy for the target area, the geology of the Arkoma
Basin and the potential of HEGCO's secured land position will be reviewed.
Management will also review recent log analysis and growing interest and
activity surrounding the HEGCO resource.

The initial reception will be held on Tuesday, January 13, at the
Sheraton Centre, Toronto, Ontario, in Conference Room G, from 4:30-7:30. A
reception will be held the following evening in Calgary, Alberta, at the
Westin Calgary, in the Lake Louise Room, from 4:00-7:30. In each location,
there will be formal presentations as well as open discussion. Refreshments,
as well as hot and cold hors d'oeuvres, will be served.

Attendance is open to all members of the financial community. Please RSVP
to HEGCO's Investor Relations office at 1-800-492-9572. Please respond by the
close of business on Monday, January 12th.

HEGCO Canada, Inc., is an Alberta, Canada corporation traded on the
Alberta Stock Exchange under the symbol ''HEG''. The Company is an oil and gas
production, servicing and drilling company operating in Oklahoma and Arkansas.
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