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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (9092)2/18/1998 12:05:00 PM
From: Arnie   of 15196
 
FIELD ACTIVITIES / Del Mar Energy updates Oil WEll in Trinidad

CALGARY, Feb. 18 /CNW/ - Del Mar Energy Inc. (''Del Mar'') announces the
successful completion of the side track of its Mora 3 Well in the 5,034 acre
Mora Block located offshore on the East Coast of Trinidad. Del Mar owns an
indirect partial interest in a company Mora Oil Ventures Ltd. (''Mora Oil'') a
Trinidad company with an offshore oil and gas license in Trinidad called the
Mora Block.

The Mora 3 Well penetrated 200 feet of oil pay in the C-35 sand.
Production and reservoir testing will be implemented over the next week to
establish a stabilized production rate. In the first 20 hours, the Mora 3
Well tested at 600 BOPD at 18/64'' choke and 380 BOPD at 16/64'' choke. For
comparative purposes, the Galeota Ridge 4 discovery well in the C-35 sand
tested at 605 BOPD at 20/64'' choke and 3,108 BOPD at 44/64'' choke. The Mora
3 Well is producing the C-35 sand for the first time.

Del Mar, through its ownership in Mora Oil, plans to undertake further
development and exploration activities on the Mora block in 1998 to further
increase production.

Del Mar is currently evaluating several other onshore and offshore oil
and gas projects in Trinidad as part of its strategic alliance agreement with
Dr. Krishna Persad and Mr. Darcy Carr, two well respected oil strategists
based in Trinidad.

Further information on Del Mar can be found on Del Mar's website
www.delmar-energy.com.
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