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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: Check who wrote (10218)	4/11/2000 7:58:00 PM
From: Berry Picker	Read Replies (2) \| Respond to of 15703

Hey - Keep it down in here - you guys talk too much :-}

To: Check who wrote (10218)	4/11/2000 8:22:00 PM
From: VoteGreen	Read Replies (2) \| Respond to of 15703

BERKLEY NEWS RELEASE!!! FOR FURTHER INFORMATION PLEASE CONTACT: Berkley Petroleum Corp. Michael L. Rose President and Chief Executive Officer (403) 571-3600 Website: www.berkleypete.com NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: BERKLEY PETROLEUM CORP. - TSE SYMBOL: BKP AND ELK POINT RESOURCES INC. - TSE SYMBOL: ELK AND HILTON PETROLEUM LTD. - CDNX SYMBOL: HTP AND KOOKABURRA RESOURCES LTD. - TSE SYMBOL: KOB AND PYR ENERGY CORPORATION - AMEX SYMBOL: PYR AND RICHLAND PETROLEUM CORPORATION - TSE SYMBOL: RLP AND TRIMARK OIL & GAS LTD. - CDNX SYMBOL: TMK AND WESTMINSTER RESOURCES LTD. - TSE SYMBOL: WML AND PARAMOUNT RESOURCES LTD. - TSE SYMBOL: POU APRIL 11, 2000 Berkley Petroleum Corp. Announces Joint News Release, Update Activities at East Lost Hills CALGARY, ALBERTA-- Berkley Petroleum provides the following activity update at East Lost Hills; * Berkley East Lost Hills No. 1 has reached a depth of 19,724 feet and a production liner will be run to total depth. The current status for Berkley No. 1 is a potential gas well. * The current open hole section, extending from 18,280 feet to total depth, has been wireline logged. A total of 2,474 feet of the Temblor Formation was penetrated by Berkley No. 1, with a net sand interval of 1,410 feet. Net hydrocarbon pay within this interval will be determined via production testing. * Natural gas and condensate has been flared from the current open hole section on four separate occasions while drilling with mud weights in excess of 17 pounds per gallon. * Mechanical preparation of the wellbore for the production test will commence immediately. Production testing is expected to commence in May and operations will extend for approximately four weeks. * Two step out wells, Berkley East Lost Hills No. 2 sec 36-25S-20E, and Berkley East Lost Hills No. 3 sec 20-26S-21E will spud in the next two months. Public Company partners with Berkley Petroleum in the East Lost Hills development are Elk Point Resources Inc. (TSE:ELK), Hilton Petroleum Ltd. (CDNX:HTP), Kookaburra Resources Ltd. (TSE:KOB), Paramount Resources Ltd. (TSE:POU), PYR Energy Corporation (AMEX:PYR), Richland Petroleum Corp. (TSE:RLP), Trimark Oil & Gas Ltd. (CDNX:TMK), and Westminster Resources Ltd. (TSE:WML). Armstrong Resources LLC is a Private Company partner. Berkley Petroleum Corp. is a Canadian company engaged in exploration, development and production of natural gas and crude oil. Berkley's common shares are listed on the Toronto Stock Exchange under the trading symbol "BKP" Berkley's News Releases can be accessed electronically through Canadian Corporate News website at cdn-news.com or the Berkley website at www.berkleypete.com -30- Regards, VoteGreen