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Gold/Mining/Energy : KERM'S KORNER
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To: Herb Duncan who wrote (11729)7/14/1998 2:41:00 AM
From: Kerm Yerman  Read Replies (1) of 15196
 
CORP. / Patria Resources Announces Investor Relations Contract
With DSK Consulting Ltd.

ASE SYMBOL: PT
JULY 13, 1998

CALGARY, ALBERTA--PATRIA RESOURCES LTD. ("Patria") announces that
it has retained the services of DSK Consulting Ltd., a
Calgary-based Investor Relations firm. This agreement, subject to
ASE approval, enhances Patria's capacity to keep shareholders
updated while the company continues exploration of its highly
prospective petroleum and natural gas (P&NG) acreage in the United
Kingdom.

Patria possesses a 100 percent net working interest on
approximately 160,000 acres in the East Midlands Basin of the
United Kingdom. The company's high working interests combined
with the stable UK operating environment, no government royalties
on production, and favorable Brent North Sea crude pricing provide
the company with the potential for high net backs and the capacity
to incur significant growth.

Patria has completed its first well, the Cropwell Butler #3 and is
currently awaiting approval to conduct a production test.
Cropwell Butler #3 is a deviated re-entry of a well that tested
significant amounts of oil in 1988. Well logs indicate 10 feet of
potential pay. A multi-well development program is scheduled for
the remainder of 1998-99 on the company's concessions.

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