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Gold/Mining/Energy : KERM'S KORNER

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To: Herb Duncan who wrote (15148)	2/4/1999 8:05:00 PM
From: Herb Duncan	of 15196

FIELD ACTIVITIES / FIRSTLAND Energy Limited: Exploration Update ASE SYMBOL: FLD FEBRUARY 4, 1999 CALGARY, ALBERTA--FIRSTLAND Energy Limited (FIRSTLAND) announces that the 10-27-94-8 W6 well drilled on Company lands in the Chinchaga (Halverson) area reached a total depth of 2755 meters and was subsequently abandoned. At the Otter Lakes in north central Alberta a 1750 meter test slated to be drilled this winter has been cancelled. An industry partner currently holds an option to drill the well next year. At Frog Lake, in east central Alberta, a gas well drilled on Company lands is currently producing in excess of 800 mcf/day. FIRSTLAND holds a 15 percent overriding royalty in the well convertible to a 55 percent working interest after payout. FIRSTLAND holds non-convertible overriding royalties on two gas wells at Acadia Valley (15 percent) and one gas well at Lethbridge (5 percent) that have recently been put on stream. Also a Chinchaga/Botha, FIRSTLAND holds a non-convertible royalty (15 percent) on two gas wells that are expected to be on stream shortly.

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