FIELD ACTIVITIES / Colt Energy enters Farm-In Agreement
1998-01-13
MONTREAL, QUEBEC
Colt Energy Inc. ("Colt") (ASE:COE) today announced that Colt has entered
into the formal farm-in/exploration agreement with Ultra Resources, Inc. and
Ultra Petroleum (USA) Inc. (collectively known as "Ultra"), to formalize the
terms of its previously announced farm-in with Ultra, pursuant to which Colt
has acquired certain rights to earn interests in acreage within the Green
River Basin, including the North Lizardhead, the Northeast Lizardhead, the,
Antelope Ranch and the West Billy areas, all located in Sublette County,
Wyoming.
The Corporation will advise of further developments concerning the farm-in as
operations continue in Wyoming.
The Alberta Stock Exchange has neither approved nor disapproved of the
informationcontained herein,
For further information contact:
Alain Lambert, Chief Executive Officer
Colt Energy Inc.
137 rue St. Pierre, Suite P105
Montreal, PQ H2Y 3T5
Telephone: (514) 844-7212
Telecopier: (514) 844-748 |
