FIELD ACTIVITIES / HEGCO Canada provides Update
EDMOND, OK, Jan. 27 /CNW/ - HEGCO Canada, Inc. (the ''Corporation'') is
pleased to announce that, on January 15, 1998, it filed a Material Change
Report with the Alberta and British Columbia Securities Commissions and The
Alberta Stock Exchange relating to the ''El Grande,'' or Edgmon Prospect, in
the Arkoma Basin of Arkansas. This Report summarizes some of the information
contained in press releases the Corporation has issued, in relation to this
Prospect, and goes into more depth concerning the nature of the Prospect, the
Corporation's land holdings and the potential risks. The Corporation
anticipates reentering a well drilled in 1983, located on the Prospect, on
January 19, 1998, or sometime shortly thereafter.
HEGCO Canada, Inc., is an Alberta, Canada corporation traded on the
Alberta Stock Exchange under the symbol, ''HEG''. The Company is an oil and
gas production, servicing and drilling company operating in Oklahoma and
Arkansas.
On behalf of the Board:
Douglas C. Hewitt
Director, Chairman |
