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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (12389)	9/21/1998 9:20:00 PM
From: Kerm Yerman	Read Replies (2) of 15196

IN THE NEWS / (Talisman Energy) Burlington Resources Finds Oil In Algeria September 21, 1998 HOUSTON, Sept 21 (Reuters) - Oil and gas exploration and production company Burlington Resources Inc. said on Monday its LL&E Algeria Ltd. subsidiary discovered oil in Algeria. The MLW-1 wildcat discovery well on the Menzel Lejmat Block 405 in the Berkine Basin of Algeria tested with a net pay zone of 5.5 meters (18 feet), at a rate of 1,545 barrels of 42.3 degree API gravity oil and 3.34 million cubic feet of natural gas per day. The company's partners in the field include Sonatrach, the National Oil and Gas Enterprise of Algeria and Talisman Energy Inc of Canada. The MLW-1 well was drilled to a total depth of 3,670 meters (12,041 feet) and encountered two hydrocarbon-bearing intervals. Burlington Resources, through L&E Algeria, has a 65 percent working interest in this productive area under a production sharing contract with Sonatrach.

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