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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8551)	1/19/1998 1:43:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Sawtooth International Lessard 13-25 Well Upsate SAWTOOTH BOOSTS PRODUCTION WITH LESSARD DISCOVERY WELL CALGARY, Jan. 19 /CNW/ - The Lessard 13-25-123-18 W5M horizontal Keg River test drilled during February, 1997 has been placed on production effective December 29, 1997 at 270 BOPD. The well has been choked back to currently produce 240 BOPD per day of light clean 29 degree API oil with a BS & W cut of approximately 7% consisting of 6% Ashphaltines and 1% water. The 13-25 well adds approximately 48 BOPD to Sawtooth's current production of 55 BOPD. Neutrino Resources Inc., as operator is preparing to spud the first of two (2) horizontal wells on the 10 section partner-held lands by January 24, 1998. Immediately following the completion of the first well, Neutrino plans to move the drilling rig on to the second location which is expected to spud by February 13, 1998. Pending the outcome of the drilling program described above, the construction of pipeline and storage facilities with a terminal at the Hay River highway will be considered for late 1998 or early 1999. Additional seismic and/or 3-D program may be acquired and/or shot over the prospect during February 1998.

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