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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (9191)	2/23/1998 8:06:00 PM
From: Arnie	Read Replies (7) of 15196

FIELD ACTIVITIES / CityView Energy Corp updates Drilling Capital Structure: Fully Diluted: 12,607,068 Float: 5,522,049 MMC Exploration & Production (Philippines) Pte Ltd has been advised by the operator ARCO Philippines Inc, that Hippo Well No. 1- at 0600 hours 23 February 1998 was at 940 metres (3082 feet) depth and running 20 inch casing. MMC Exploration & Production (Philippines) Pte Ltd is owned 51% by MMC Exploration and Production BV and 49% by CityView Energy Corporation Limited's wholly owned subsidiary Western Resources N.L. Yours faithfully (Signed) A P WOODS Company Secretary/Chief Financial Officer For further information contact Australia - CityView Energy North America - Zoya Financial Chris Vander Boom Steve Basra/Jasbir Gill Tel: 011-61-89-474-1333 Tel: 416-214-2368 Fax: 011-61-89-474-5997 Fax: 416-214-2771 cityviewenergy.com emailjazz@wwonline.com

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