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Gold/Mining/Energy : KERM'S KORNER

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To: Herb Duncan who wrote (11022)	6/1/1998 1:29:00 PM
From: SofaSpud	of 15196

FIELD ACTIVITIES / Westfort Pelahatchie Well WESTFORT ANNOUNCES PROGRESS REPORT ON PELAHATCHIE DEEP UNIT 18-4 NO.1 NORPHLET WELL DRILLING JACKSON, MISSISSIPPI, June 1 /CNW/ - Westfort Energy, symbol (WT-TSE), announced that the drilling of the Pelahatchie Deep Unit 18-4 has reached 12,300 ft as of 6:00 a.m. this morning. Drilling time is thus far ahead of schedule with the use of new technology employing the latest designed drilling bits and a down hole motor that has improved the rate of penetration and allowed the drill bit to stay in the hole longer between changes. The company is currently changing to the fifth drilling bit in the hole, compared to drilling by Shell in the 1960's on an offset well where thirty-five bits had been used to reach the same depth. A mudlogging evaluation lab on the location has so far logged thirteen oil and/or gas shows. These shows will be further evaluated to determine if they are commercial when the company runs electrical logs and takes sidewall core samples. The logging and coring is scheduled to be run before the company sets the next string of casing, anticipated at 15,500 feet. The well is expected to be drilled to a total depth of 17,350 feet. The Toronto Stock Exchange has neither approved nor disapproved of this release. On behalf of the Board ---------------------- Whitney Pansano President -30- For further information: Grant Young, (604) 687-9887

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