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Gold/Mining/Energy : Black Sea Energy (BSX)

BSX 97.73

-0.9%

Dec 4 3:59 PM EST

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To: Robert Dirks who wrote (30)	8/6/1998 9:28:00 PM
From: Wizzer	Read Replies (2) of 180

BLACK SEA ENERGY LTD - Russian Legal Proceedings Update [71] Canadian Market News from Market News Publishing, Wednesday, August 05, 1998 at 10:20 Gerry Burrows, President & CEO of Black Sea Energy Ltd. announces that further to the Company's press release of July 15, 1998, Black Sea reports that discussions with Tyumen Oil Company ("TOC") are continuing. The legal proceedings commenced in the Russian arbitration court against Tura Petroleum Limited have been further postponed until October 1, 1998. Tura Petroleum Limited is a Russian Joint Stock Company, 50% owned indirectly by Black Sea Energy Ltd. and 50% owned by Tyumenneftegaz, a 51% subsidiary of TOC. TEL: (403) 269-2871 Gerry Burrows, President & CEO TEL: (604) 688-7166 Peter Meredith, Director (c) 1998 Market News Publishing Inc. All rights reserved. Tel:(604) 689-1101 Fax:(604) 689-1106 RapidFAX (tm) - To get the NEWS as it happens, call (604) 689-304

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