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Microcap & Penny Stocks : NAMX -- North American Expl.-- Que Sera Sera!
NAMX 0.00010000.0%Mar 7 3:00 PM EST

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To: SOROS who wrote (361)8/4/1997 10:44:00 AM
From: per strandberg   of 4736
 
*** TO ALL, A RELEASE!!!*****

( BW)(NORTH-AMER-EXPLORATION)(NAMX) North American Exploration
Corporation Makes Announcement

Business Editors Energy/Mining Writers

SEATTLE--(BUSINESS WIRE)--Aug. 4, 1997--North American Exploration

Corporation (NASDAQ OTC: NAMX) today announced receipt of the
assignment from Patroclos Finanz AG, Zug, CH, of 100% of Patroclos'
working interest in two hydrocarbon test wells recently drilled in
Southeastern Colorado.
These test wells are identified in the American Petroleum
Institute assignment document as Rother 13-29 No. 1 and Carroll 43-33
No. 1, located in Cheyenne County, Colo. Hydrocarbon wells in
Cheyenne County are known for high nitrogen low BTU natural gas that
contains extremely high concentrations of helium.
North American Exploration Corporation is the exclusive licensee
for the EM Sounder technology in North America. EM Sounder is the
electro magnetic analog to 3D Seismic.

*** Any ideas about what they are trying to tell us???
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