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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (13438)11/11/1998 7:53:00 PM
From: Herb Duncan  Read Replies (2) of 15196
 
PROPERTY ACQUISITION / Westminster Acquires Gas Production And Lands
In Northeast British Columbia

TSE SYMBOL: WML

NOVEMBER 11, 1998

CALGARY, ALBERTA--Westminster Resources Ltd. is pleased to
announce that it has entered into an agreement to acquire
significant natural gas production, lands and facilities in the
Gunnel/Petitot areas of northeast British Columbia from Summit
Resources Ltd..

In the agreement, Westminster is acquiring an interest in 192,437
acres (56,483 net) of land, approximately 7 mmcf/d of net natural
gas production and net proved plus probable reserves estimated at
36 bcf. A six well drilling program (3 net) is planned by the
operator beginning in December. New gas production will be tied
into existing compression/dehydration facilities capable of up to
26 mmcf/d of throughput. The acquisition is scheduled to close on
or about November 30, 1998.

Westminster plans to participate in the drilling of up to 58
exploration and development wells (27.5 net) this winter of which
28 wells (14 net) are targeted for the exploration and development
of Jean Marie and Slave Point gas reserves in northeast British
Columbia.

Westminster Resources Ltd. is a Canadian company engaged in the
exploration, development and production of natural gas and crude
oil. Westminster's common shares are listed on The Toronto Stock
Exchange under the trading symbol "WML".

Westminster Resources's News Releases can be accessed
electronically through Canadian Corporate News website at
www.cdn-news.com.
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