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Gold/Mining/Energy : Tusk Energy (TKE)

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To: grayhairs who wrote (942)	10/2/1998 8:33:00 AM
From: Sam	Read Replies (2) of 1207

Could this announcement be of interest to the area. sam the leading purchaser at the Alberta Government Petroleum and Natural Gas Lease Sale paying a record price of $1,750,000.00 for 20.5 sections in the Strachan/Ram River area. The purchases expand Canadian 88's total holdings in the immediate area to over 45,000 acres. "The Strachan/Ram River area is one of the most prolific areas for natural gas production and exploration in the foothills of Alberta and with these purchases Canadian 88 assumes a dominant position in the area", Canadian 88 President Greg Noval said in Calgary today, indicating that the Company will now be proceeding immediately with a multi-well program in the area targetting deep Swan Hills and Devonian natural gas accumulations in the 100 to 500 Bcf category

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