KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9191)	2/23/1998 8:28:00 PM
From: Arnie	of 15196

FIELD ACTIVITIES / Vision 2000 Exploration updates Pine Creek Vision 2000 Exploration Ltd. (VNN.A: ASE) is pleased to announce that two wells are scheduled to be drilled prior to breakup on company held lands in the Pine Creek area of northern Alberta. Vision 2000 has entered into a Farmout Agreement with an industry partner covering two sections of land in which the company holds a 50% working interest. Vision 2000 will retain a net 7.5% gross overriding royalty in the test well convertible to a 25% working interest after payout and retain a 25% working interest in the undrilled Farmout lands. A twenty (20) section Area of Mutual Interest ("AMI") has been established surrounding the Farmout lands in which Vision 2000 will retain a 25% working interest. Vision 2000 will also participate with a 7% working interest in the deepening of a currently suspended well targeting the deeper gas potential in the area. Both of these developments fit the corporation's objectives to maximize shareholder value by focusing its exploration efforts at the present time on gas plays which have the potential to add significantly to the company's reserve base.

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