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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8933)	2/10/1998 8:00:00 PM
From: Arnie	of 15196

FIELD ACTIVITIES / Cubacan Exploration Inc. Test Well Update CALGARY, Feb. 10 /CNW/ - Cubacan Exploration Inc. (ASE - ''CCX'') is a Calgary based public junior oil and gas company with interests solely in Cuba. Cubacan recently announced that the Oil Drilling Sevices (ODS) Rig No. 1 has arrived on location and spudding of its first test well known as Farola North No. 1 will occur on or about February 10, 1998. Farola North No. 1 is an exploration well being drilled in Block 17 to test two target reservoirs and is anticipated that the drilling of the inital well to a total depth of 2000 meters will take 30 to 45 days. Cubacan Exploration Inc. wil be participating in An Exhibition of Junior Public Companies hosted by Small Cap Communications. This event will be held in Calgary at The Metropolitan Centre 333 - 4th Avenue SW, February 17th, 1998 and in Edmonton at The Centre Suite Hotel 10222 - 102 Street, February 18th, 1998. Cubacan Exploration Inc. will be exhibiting along with approximately thirty other junior public companies from 2:30 p.m. to 7:00 p.m. Event sponsors include Canada NewsWire, The Calgary Sun, The Edmonton Sun and QR 77 Talk Radio.

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