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Gold/Mining/Energy : Alpine Oil Services ASL TSE

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To: Scott Mc who wrote (865)	5/4/2000 12:49:00 PM
From: Jason Krueger	Read Replies (2) of 896

May 4th, 2000 ?ASL? - Toronto Stock Exchange Investor Relations: Jason Krueger Toll Free: (877) 474-4544 Telephone: (403) 263-7800 Internet: www.alpineoil.com Email: invest@alpineoil.com ALPINE RESPONDS TO TRADING HALT Alpine announced today that it is currently in negotiations with a third party with a view of effecting a possible business combination. No agreements have been concluded or signed. Alpine Oil Services Corporation is an innovative, value-added energy services entity competing in the Canadian upstream oil and gas market. Alpine is the second largest provider of Underbalanced Drilling surface pressure control equipment complete with rotating blowout preventers, and largest provider of Real-Time Drill Stem Testing services, in North America. Alpine is the only company in North America that has developed and now offers a mechanical wireline-set and retrievable production telemetry tool. Internationally the Company is involved in the sale of its proprietary equipment into select markets. Alpine is a recognized leader in the research, development and application of innovative technologies related to the services it provides. Alpine uses this technological knowledge base to design and manufacture many of the downhole tools used in its services. To date, Alpine has developed and presently uses more than 100 types of proprietary tools and equipment in its three main service lines. For further information, please contact: Michael Todd, Executive Vice-President Alpine Oil Services Corporation (403) 263-7800 E-Mail: mtodd@alpineoil.com Fax: (403) 264-7260

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