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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE )
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To: david bell who wrote (227)8/17/1998 4:49:00 PM
From: MrsNose  Read Replies (1) of 269
 
Carmanah Updates Camar Program

CALGARY, ALBERTA--Carmanah Resources Ltd. ("CKM" - TSE) announced
today that the Camar MPA-1 well is an indicated oil discovery
based on drilling and logging results. This highly-deviated well
was drilled from monopod "A" in the north lobe of the Camar Field
in the Java Sea offshore Indonesia and was sidetracked after
encountering a basement high in the original well track.
Completion operations are underway; seven-inch casing was run but
could not reach total depth due to hole conditions, leaving one of
several prospective zones to be completed open hole. Some
mechanical problems were encountered during the casing program;
these are being addressed at the present time. It is now expected
the well will be completed and placed onstream in seven to ten
days if the current complications can be overcome in a routine
manner. As this is a field development well, no testing
operations are planned.

Thereafter, the Pride Pennsylvania rig will be released to another
operator. Carmanah will then conduct pressure surveys and run a
production log at Camar-6 to determine if remedial work is
warranted to enhance this well's productivity.

The snubbing unit (service rig) for CN-3 is on location and is
expected to commence operations immediately to remove the faulty
safety valve which has prohibited placing this well onstream since
it was completed in May.

Carmanah is hopeful that all of MPA-1, CN-3 and Camar-6 (with
possible improved productivity) will be onstream by the end of
August to supplement current production of approximately 1,600
BOPD from the Camar Field.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Carmanah Resources Ltd.
Mr. R.A. Gusella
Chairman & Chief Executive Officer
(403) 266-4975
(403) 266-5042 (FAX)
carmanah@cadvision.com
or
Carmanah Resources Ltd.
Mr. A.F. Badwi
President & Chief Operating Officer
(403) 266-4975
(403) 266-5042 (FAX)

The Toronto Stock Exchange has neither approved nor disapproved
the contents hereof.
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