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Gold/Mining/Energy : KERM'S KORNER
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To: Herb Duncan who wrote (11122)6/8/1998 1:12:00 PM
From: SofaSpud  Read Replies (2) of 15196
 
FIELD ACTIVITIES / Circle Energy ties in well

CIRCLE ENERGY INC. ANNOUNCES BRAZEAU RIVER SHUNDA WELL ON PRODUCTION

CALGARY, June 8 /CNW/ - Circle Energy's Brazeau River Shunda well located
at 13-15-48-12 W5M is tied-in and on production today. We expect initial flow
rates up to 6 million cubic feet of natural gas per day (Circle's share is
41.5%) and we expect to increase to full production by mid-summer.
As previously announced, Circle has recently acquired 39.55% of the
Shunda rights on two adjacent sections which has the potential to
significantly increase reserves and cash flow. Drilling options are presently
under review.
The Brazeau River Nisku well has been re-scheduled for July due to
weather related road conditions.
Circle Energy Inc. is a petroleum and natural gas exploration company
that holds oil and gas leases in the Brazeau, Waskatenau and Morinville areas
of Central Alberta and in Guadalupe, Lea and Quay Counties in New Mexico, USA.
The Company's shares trade on The Alberta Stock Exchange under the symbol
CEN.

The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
.-30-
For further information: Bill Baker, President, or Gord Robinson, V.P.
Operations, Circle Energy Inc., (403) 777-1925

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