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Gold/Mining/Energy : KERM'S KORNER

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To: SofaSpud who wrote (11666)	7/8/1998 9:42:00 PM
From: Herb Duncan	Read Replies (1) of 15196

FIELD ACTIVITIES / Exeter Oil & Gas Successfully Completes Fifth Well VSE SYMBOL: EOL JULY 8, 1998 CALGARY, ALBERTA--Exeter Oil & Gas Limited is pleased to announce that it has now successfully completed the fifth well in the company's earlier announced 1998 six well drilling program. The well, Exeter et al Gunn 12-18-55-3W5M was drilled to a total depth of 4510 feet and cased as a potential Banff gas well. Of the five wells drilled to date under the program, two have been completed as oil wells, two have been cased as potential gas wells and one was drilled and abandoned. Wet weather conditions throughout the Province of Alberta have hampered the company's efforts to complete and tie-in the four successful wells. The company now intends to proceed with this work as quickly as possible during July and August. Exeter Oil & Gas Limited is a publicly traded resource company with shares listed on the Vancouver Stock Exchange (trading symbol "EOL"). C. H. Diggon President

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