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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8551)	1/19/1998 1:46:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Cirque Energy Reports U.K. Test Results CIRQUE ENERGY LTD. INITIAL U.K. TEST RESULTS CALGARY, Jan. 19 /CNW/ - FISKERTON AIRFIELD No. 1 WELL, U.K. - Cirque Energy Ltd., AltaQuest Energy Corporation and Courage Energy Inc. are pleased to announce the initial U.K. test results from the new pool oil discovery at the Fiskerton Airfield No. 1 well in the United Kingdom. On January 16, 1998 a 9.5 meter pay section of the 23 meter sand interval was perforated in the Fiskerton Airfield No. 1 well. The well was flowed for 28 hours on a 32/64 inch choke recovering 654 barrels of oil. Flow rates varied from 520 to 650 barrels of oil per day for an average rate of 560 barrels per day. Water production was 0.6%. The well is currently shut-in to conduct bottom hole pressure testing and to install long term production testing surface equipment. It is anticipated that the long term testing will commence on January 24, 1998. Preparations are continuing for the 3D seismic program scheduled for February, 1998 and applications are being prepared for a five well development drilling program. Two of these wells are slated for drilling in June/July, 1998.

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