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Gold/Mining/Energy : BPI Industries Ltd (BPR-VSE)

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To: Francis R. Biscan Jr. who wrote (142)7/20/1998 11:05:00 AM
From: Flea  Read Replies (2) of 355
 
Methane project flow test program completed

BPI Industries Inc BPR
Shares issued 12,261,614 Jul 17 close $1.55
Mon 20 Jul 98 News Release
Mr. Kenneth Bottoms reports
Mid-Continent Methane, the company's joint venture partner in the coalbed
methane project in Illinois, has reported that the flow test program has
been completed with results which appear to be favourable. Pump and flow
test data are being analyzed and should be available in 14 days. Results
will be provided to the engineering firm of Cawley, Gillespie and
Associates, which will proceed to provide a definitive report on the
Mid-Continent/BPI coalbed methane reserves.
A news release describing the results will be provided for the BPI
shareholders immediately upon receipt. Management, despite the delays of
the past, has great faith in the huge potential of the Illinois Basin
Coalbed Methane project.
(c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com
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