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Gold/Mining/Energy : Fortune Petroleum (FPX)

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To: Joseph T. Worley who wrote (37)	5/30/1997 10:48:00 PM
From: Bob (Hijacked)	of 275

News in the O&G Investor. Fortune Petroleum says it has entered into a propriety 3-D seismic joint venture to evaluate and identify exploration prospects in the South Texas Gulf Coast transition zone. Fortune aquired a 12.5 orking interest in a 135 square mile survey within a larger area of mutual interest. Fortune's partners are Smith management and Fairfield Resourses. Fortune says its share of lease acquisition, 3-D seismic, processing and interpretation costs over the next 18 months will be about $2.8 million. CAEX Services, a minority equity partner in the joint venture, will perform the initial interpretation of the seismic data.

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