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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9021)	2/13/1998 2:45:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Chauvco Resources International Drilling Update CHAUVCO RESOURCES INTERNATIONAL LTD. CRI DRILLING UPDATE: GABON CALGARY, Feb. 13 /CNW/ - Chauvco Resources International Ltd. has completed the exploratory well ReRe-16 FP which was drilled to test the potential of the Fourou Plage sands beneath the producing Gamba pool in the Remboue field. ReRe-16FP reached a total depth of 4,570 feet after penetrating a 17 foot net pay zone as anticipated in the Gamba sand at 1,273 feet and an 18 foot net pay zone in the Fourou Plage at 4,074 feet. The well was completed in the Fourou Plage sand, and put on production test using the existing Remboue facilities. After pumping the well for forty-eight hours, the Fourou Plage zone was producing at a rate of 75 barrels of oil per day and one barrel of water per day together with 260 cubic feet of natural gas per barrel of oil produced. Chauvco plans to test this well for approximately two weeks to determine the potential for stimulation and to optimize the pump configuration. As planned, Chauvco has released the drilling rig as of February 11, 1998.

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