KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14691)	1/7/1999 9:48:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITIES / Gentry Commences 18-Well drilling program in Northern Alberta Company to earn interest in 93 sections of land CALGARY, Jan. 7 /CNW/ - Gentry Resources Ltd. is pleased to announce that it has commenced its 18-well shallow gas drilling program in the Thornbury area of northeastern Alberta. The first well has been drilled and cased and is currently awaiting testing. The rig has been moved to the second location. A second rig has also been mobilized to the area to accelerate the drilling program, which is expected to take approximately 28 days for all 18 wells. AltaGas Services Inc., a midstream asset company, will tie in the wells at their cost and operate once completion and testing of the wells occurs. Future exploration plans will be developed to fully exploit this large land holding when well tests are correlated back to existing mapping and seismic. Thornbury represents a significant new core area for Gentry, for which the Company will be devoting considerable financial and technical resources.

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