Bearcat (BEA-C) & Stampede (STF-C) Message Board

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Gold/Mining/Energy : Bearcat (BEA-C) & Stampede (STF-C)

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To: Bearcatbob who wrote (1423)	9/9/1998 5:25:00 PM
From: Ed Pakstas	of 2306

*NEWS RELEASE* Trading activity attributed to deepening/drilling operation Bearcat Explorations Ltd BEA Shares issued 58,006,598 Sep 4 close $0.34 Wed 9 Sept 98 News Release See Stampede Oils Inc (STF) News Release Mr. P. de Bruycker reports Stampede Oils, the operator of the Stampede et al TV 7-25-20-3 W5M deepening/drilling operation in the Turner Valley North project, advises that the Alberta Stock Exchange has requested the issuance of the following information in response to trading activity in the shares of both Stampede Oils and Bearcat Explorations. The deepening operation commenced on Aug. 28 and is currently in progress. Production testing is to commence in approximately one week. Subsequent to the completion of the 7-25 well the interests in the P&NG lease will be as follows: Bearcat Explorations 56.70% Stampede Oils 28.30% Panda Petroleums 15.00% Licence application proceedings are under way for the drilling of the 11-15 development well, the location of which directly offsets the IMP Berkley 2-21-21-3 W5M Regional Mississippian Turner Valley gas discovery well, which is undergoing a completion program preparatory to being placed on production. The operator has reported in excess of 100 feet of net gas pay in the 2-21 well. The Farmor group has varying after cost recovery interests in the 2-21 well P&NG lease, as follows: Bearcat Explorations 11.125% - 18.540% Stampede Oils 5.562% - 9.272% Panda Petroleums 3.000% - 5.000% Curlew Lake Resources 1.313% - 2.188% Subject to receipt of a drilling licence, the drilling of the 11-15 well should commence in the latter part of September. Interests held in the section 15 P&NG lease, upon the successful completion of this offset well, will be: Bearcat Explorations 53.10% Stampede Oils 26.65% Panda Petroleums 14.00% Curlew Lake Resources 6.25% (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com

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