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Gold/Mining/Energy : C.DOY Doreal Energy Corp.

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To: Nikole Wollerstein who wrote (28)2/23/1998 10:10:00 PM
From: Orvis E. Meador III  Read Replies (1) of 133
 
A news release was issued today (see below). Does this look like Doreal has discovered something? Or are they stalling? I believe they may have hit something great.

VANCOUVER, B.C.--(BUSINESS WIRE)--Feb. 23, 1998--DOREAL ENERGY (Alberta Stock Exchange: DOY - news; OTC Bulletin Board:DEG.CF) Doreal Energy Corporation [OTC BB:DEGCF - news] announces that the operator of the Alijubarrota no. 1 exploration well has set casing to total depth of 2,686 meters (8,864 feet). Testing is in progress.

Doreal has a 10 percent working interest in the exploration well and will earn a 9.35 percent revenue interest in the project.

There is no further material information that can be reported at this time.

On Behalf of the Board of Directors,

James H. Dorman, President and CEO
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