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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9061)	2/17/1998 8:45:00 PM
From: Arnie	of 15196

FIELD ACTIVITIES / CityVIew Energy announces Spudding of Well MMC Exploration & Production (Philippines) Pte ltd has been advised by the operator Arco Philippines Inc, that Well No. Hippo-1 in Block GSEC 74 in the Southern Sulu Sea was spudded on 13 February 1998 at 0600 a.m. The rig is the Atwood Falcon semi submersible positioned in 343 metres (1125ft) of water. The well is projected to penetrate three geologic objectives. The shallow secondary objective H Sand will be encountered with a vertical hole. Below the H Sand, the well will be drilled directionally to penetrate the primary objective G Sand and a deep secondary objective the Deep Sand. MMC Exploration & Production (Philippines) Pte Ltd is owned 51% by MMC Exploration and Production BV and 49% by CityView Corporation Limited's wholly owned subsidiary Western Resources N.L. Yours faithfully (signed) A P WOODS Company Secretary/Chief Financial Officer For further information contact Australia - CityView Energy North America - Zoya Financial Chris Vander Boom Steve Basra/Jasbir Gill Tel: 011-61-89-474-1333 Tel: 416-214-2368 Fax: 011-61-89-474-5997 Fax: 416-214-2771 cityviewenergy.com email: jazz@wwonline.com

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