USEG - Uranium Power Corporation Message Board

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Gold/Mining/Energy : USEG - Uranium Power Corporation

USEG 1.070

-4.5%

12:25 PM EST

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To: jmhollen who started this subject	12/18/2002 12:58:17 PM
From: jmhollen	of 72

Uranium Power Corporation: Drilling in Progress Athabasca Oil Prospect Fort McMurray, Alberta VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec. 17, 2002--Uranium Power Corporation (OTCBB: URMP) (DAX:URP) The Company confirms that Nabors Drill rig #21 arrived at the 7-32 well location on December 13, and commenced drilling operations on December 15. The program will be conducted over an estimated 10-day period and will include coring, logging and production testing. The deeper drilling may intersect other secondary fracture zones that may contain oil and/or gas prior to reaching the primary seismic target, which is some 500 meters (1640 feet) thick. Doug Cannaday, President, notes that the Company will release further progress reports as results are received. CONTACT: Uranium Power Corporation Brook Bellian, 800/877-1626 investor@apioil.net Randal Pow, 888/858-7759 investor@apioil.net .

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