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Gold/Mining/Energy : Ranger Oil

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To: eyewatch who wrote (391)	4/5/2000 7:42:00 PM
From: eyewatch	of 395

Alert... I hope your all long Ranger. Hi Oh Silver. Attention Business Editors: Ranger Oil Limited Announcement CALGARY, April 5 /CNW/ - The Board of Directors of Ranger Oil Limited announced today that it has engaged financial advisors to assist the Company in reviewing various alternatives to maximize shareholder value. The options to be considered will include merger opportunities, restructuring the existing operations and the outright sale of all or part of the Company. In arriving at this decision, the Board feels that the current market price for Ranger's shares does not reflect the underlying value of the Company's assets and future prospects. The Board has retained RBC Dominion Securities Inc., Credit Suisse First Boston Corporation and Harrison Lovegrove & Co. as financial advisors. Issued By: F.J. Dyment President and Chief Executive Officer -0- 04/05/2000

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