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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8638)1/23/1998 3:42:00 PM
From: Kerm Yerman   of 15196
 
PROPERTY ACQUISITION / Coral Sea Petroleums Ltd. Acquires Land In
Alberta Land Sale

CORAL SEA PETROLEUMS LTD.

CALGARY, Jan. 23 /CNW/ - Coral Sea Petroleums Ltd. is pleased to announce
that it has acquired a 62.5% interest in 3 sections (1920 gross acres - 1200
net acres) of mineral rights at the January 21, 1998 Government of Alberta
Land Sale. The land is located in Coral Sea's Legal core area and is
postulated to have potential in the Viking and Leduc formations. Coral Sea
will purchase and or shoot seismic over the lands in the near future and if
interpretations are positive, will drill a well to test the land in the late
spring or summer of 1998.

Coral Sea is a publicly traded company trading on the Alberta Stock
Exchange under the symbol ''CPO''.
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