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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9553)3/13/1998 2:00:00 PM
From: Arnie   of 15196
 
FIELD ACTIVITIES / HEGCO Canada perforates The El Grande Well

EDMOND, Oklahoma, March 12 /CNW/ - HEGCO Canada, Inc., announced today
that it perforated 10 sections, within a 690 foot interval, of the El Grande
well, on Wednesday, March 11, 1998. Today, March 12, 1998 the Company will
retrieve the perforating guns from within the well bore and begin the
isolation, clean up and testing of each of the sections within the 690 foot
interval. The testing procedure and evaluation of this well will take place
over the next several weeks.

Management is unaware of any adverse conditions at the well site and
continues to be encouraged by the results of its logs and the completion of
each step toward the final testing of this well.

HEGCO Canada, Inc., is an Alberta, Canada corporation trading on the
Alberta Stock Exchange under the symbol, ''HEG''. The Company is an oil & gas
production, servicing and drilling company operating in Oklahoma and Arkansas.

On behalf of the Board:

Douglas C. Hewitt,
Director, Chairman
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