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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (8524)1/16/1998 3:51:00 PM
From: Herb Duncan   of 15196
 
ACQUISITIONS-MERGERS / Pacific Ranger Petroleum Inc. Completion
of Acquisition of Sunstone Projects Ltd.

ASE SYMBOL: PAI

JANUARY 16, 1998


CALGARY, ALBERTA--Pacific Ranger Petroleum Inc. (the
"Corporation") is very pleased to announce that on January 16th,
1998 the Corporation closed the acquisition of Sunstone Projects
Ltd. Management is pleased with this acquisition as Sunstone has
developed a good reputation with its excellent domestic and
international client base in its business of engineering, design,
construction and commissioning of facilities for the oil and gas
industry. Estimated 1998 revenues are $1,200,000.00 for Sunstone,
which is also expected to complement the business of the
Corporation's other wholly-owned subsidiary, Company Package
Technology Ltd.
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