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Gold/Mining/Energy : Ultra Petroleum (UPL)

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To: Gerald Atwater who wrote (4684)	7/17/2000 11:48:50 AM
From: kfdkfd	of 4851

Ultra Acquires 182 Square Mile 3-D Seismic Survey On Pinedale Anticline HOUSTON--(BUSINESS WIRE)--July 17, 2000--Ultra Petroleum (TSE:UP. - news) today announced that it has purchased a seismic license from Veritas DGC Land, Inc. on 182 square miles of three dimensional seismic data covering the portion of the Pinedale Anticline south of the existing Mesa 3-D. The survey covers the area from T32N R109W to T30N R108W. ``With the acquisition of this data, we now have over 250 square miles of contiguous 3-D seismic data, covering the entire Pinedale Anticline.,'' stated Michael D. Watford, Chairman, CEO and President. ``This acquisition enables us to extend our interpretation from the northern portion of the Anticline all the way south to the 3 Tcf Jonah Field. We are now fully able to take the experience gained in both the Jonah field and our Mesa area and apply it to the rest of our Anticline acreage.''

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