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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (11156)	6/9/1998 9:18:00 PM
From: Herb Duncan	Read Replies (1) of 15196

FIELD ACTIVITIES / Patria Announces Completion of Drilling Cropwell Butler #3 Well ASE SYMBOL: PT JUNE 9, 1998 CALGARY, ALBERTA--PATRIA RESOURCES LTD. ("Patria") announces that it has completed the drilling of its Cropwell Butler #3 (formerly named Cropwell Butler #2a) well. Borehole information and logs indicate the presence of a reservoir in the Kinderscout sand of 11 net feet. Patria has applied to the UK Department of Trade and Industry for permission to conduct a long-term (90 day) test on the well. The well is 100 percent owned by Patria and is the first location in a planned multi-well development program. Patria has completed a new seismic survey of some 35km over seven existing prospects on its lands. Initial results over the first two prospects processed indicates the confirmation of the projected structures. Final processing of the data will be completed in the weeks to follow. Patria has a 100 percent working interest in approximately 160,000 acres of P & NG rights in the East Midlands Basin of the United Kingdom.

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