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Gold/Mining/Energy : KERM'S KORNER
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To: SofaSpud who wrote (12940)10/21/1998 8:45:00 PM
From: Herb Duncan  Read Replies (8) of 15196
 
FINANCE / Deena Energy Announces Update on October 20th News
Release

ASE SYMBOL: DNG

OCTOBER 21, 1998

CALGARY, ALBERTA--Deena Energy Inc. announces that further to the
press release of October 20, 1998, the time period for repayment
of the bank loan has now been extended to the close of business on
October 26, 1998.

Deena Energy Inc. continues to review alternatives in order to
restructure the company.

Deena Energy Inc. is a Canadian oil and gas company listed on the
ASE under the trading symbol, DNG.
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