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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (15071)	1/28/1999 9:03:00 PM
From: Kerm Yerman	Read Replies (1) of 15196

FIELD ACTIVITIES / Endeavor Resources Driling Update & Financing ENDEAVOUR RESOURCES INC. (ASE - ERU) is pleased to announce that it has successfully completed the drilling of three new wells in the Namaka area. The three slant wells targeted the Basal Belly River formation which is a known producer in the area. The wells have been cased and perforated and are currently being production tested. Pipeline applications are in progress to tie these wells into existing facilities, with anticipated completion in the first quarter of 1999. $557,000 Raised in Flow-Through Share Offering ---------------------------------------------- Endeavour announces that it raised, by way of private placement, $557,000 from the issuance of 3,713,329 flow-through common shares at $0.15 per share which closed December 31, 1998. Proceeds from the offering were used to fund the drilling of the three new Namaka wells drilled in December 1998. Endeavour is a Calgary-based oil and gas company actively engaged in the exploration and development of oil and natural gas in Canada. Endeavour is listed on the Alberta Stock Exchange (ASE) with shares trading under the symbol ''ERU''.

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