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Gold/Mining/Energy : KERM'S KORNER
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To: Crocodile who wrote (9792)3/28/1998 4:09:00 AM
From: Kerm Yerman  Read Replies (3) of 15196
 
FIELD ACTIVITIES / CityView Energy Corp. Phillipines Update

CITYVIEW ENERGY CORPORATION LIMITED RE: BLOCK GSEC 74
PHILIPPINES: ARCO PHILIPPINES INC OPERATOR

1998-03-27
HERDSMAN, WESTERN AUSTRAL

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 26 March
1998 was at 3703 metres (12150 feet) depth. ARCO will now carry out logging
of the lower section of the well. It appears that a sandy body of
approximately 35 metres (112 feet) from 3620 metres (11878 feet) to 3655
metres (11990 feet) has been identified. The gas chromatograph indicates
condensate C4 and C5.

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.
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