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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8425)	1/13/1998 1:56:00 AM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Dynamic Oil Announces New Gas Production Monday January 12, 10:32 am Eastern Time Company Press Release Dynamic Announces New Gas Production at St. Albert The company is pleased to announce further results from a multi-well evaluation and re-completion program at St. Albert AB. A new pool upper Manville gas discovery has been identified by perforating and testing prospective reservoir through an existing well bore. The re-completed zone flowed gas to surface at a rate of 1.54 million cu. ft. per day through 2 3/8'' production tubing. Status Engineering of Calgary has assigned reserves of 5.4 billion cubic feet of gas in-place to the new pool. The well is expected to be on stream within the next two months at an initial rate of 1.2 million cu. ft. per day through the company's raw sweet gas system at St. Albert. The gas is rich in natural gas liquids at a rate of 35 barrels per million cubic feet. The company expects to begin delivering natural gas through its new Carbondale pipeline in February, 1998 at a rate of 16.0 million cu. ft. per day. As previously announced, an additional 3.5 to 4.0 million cu. ft. per day will be contributed by the Ostracod in addition to the 1.2 million cu. ft. per day of upper Manville gas described above. As a result of our re-completion program at St. Albert, new pool gas reserves reported by the company since Dec. 19, 1997, exceed 9.90 billion cubic feet. Dynamic has a 50% working interest share in the described reserves.

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