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Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: Think4Yourself who wrote (51465)	9/20/1999 2:06:00 PM
From: Think4Yourself	Read Replies (1) \| Respond to of 95453

EEE strikes nicely on work-over 1 of 3. disclaimer: I have suddenly become quite long this stock. Not for the faint of heart - a fund is selling. Reminds me of VTS at 9 and FLC at 6. CALGARY, Alberta--(BUSINESS WIRE)--Sept. 20, 1999--Canadian 88 Energy Corp. (TSE:EEE.) (Alberta Stock Exchange:EEE.) (AMEX:EEE) of Calgary, Alberta announced today that the first well of a three well work-over and commingling (dual production) program on its seven well Waterton deep gas project in the foothills of southwest Alberta has been successfully completed in the Mississippian formation. The L.S.D. 6, Sec. 7, Twp. 7, Rge. 2 W5M well is producing into Shell Canada's Waterton Gas Plant where Canadian 88 has attractive processing arrangements with incremental (additional) new production from the Mississippian formation of 11.5 mmcf/d of raw gas. Only 8 percent H2S has been encountered from the formation resulting in 10.6 mmcf/d of new sales gas from the well. Prior to the recompletion the well had previously produced only from the Devonian formation. Over the next few days production from the Devonian formation will resume as the well is rigged-up for dual production. In other developments the Company said successful completion operations are underway in the Wildcat Hills area of West Central Alberta where production testing is underway at Canadian 88's L.S.D. 12, Sec. 24, Twp. 28, Rge. 8 W5M West Benjamin well and where production results will be made available over the next couple of weeks. Canadian 88 Energy Corp. (EEE) is an independent public oil and gas company with its head office in Calgary, Alberta, Canada. The shares of Canadian 88 Energy Corp. are traded on the Toronto, Alberta and American Stock. The information contained herein has neither been approved nor disapproved by the Toronto, Alberta or American Stock Exchanges.