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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: Knighty Tin who wrote (81266)5/29/2000 11:43:00 AM
From: Spekulatius  Read Replies (1) | Respond to of 132070
 
Buying companies heading straight into bankrupty causes indigestion even for vultures.
Due to its high leverage,this could happen with FMO.



To: Knighty Tin who wrote (81266)5/29/2000 1:35:00 PM
From: LowtherAcademy  Read Replies (1) | Respond to of 132070
 
MB, if you haven't seen this NR, thought it might be of
casual interest to you and regulars here.
Oh, and just wanted to suggest that folks take a minute
to remember fallen friends and comrades in arms today.

BERKLEY PETROLEUM CORP. - JOINT NEWS RELEASE
UPDATE ACTIVITIES AT EAST LOST HILLS

Also for 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)

May 29, 2000
Calgary, Alberta

Berkley Petroleum provides the following activity update at East Lost Hills;

The Berkley East Lost Hills No. 1 well was perforated Sunday May 28, 2000, at app. 06:30h PDT.

The well was flowed on clean-up during the day at highly restricted rates. Gas rates increased steadily during
this period from four mmcfpd to in excess of 12 mmcfpd. Condensate rates also increased during this period to
over 1000 bpd.

The flowing wellhead pressure was maintained above 11,500 psi throughout the clean-up period.

The well was shut in during the early morning hours of May 29, 2000. Down hole pressure recorders will be
run and an extended multi-point production test is scheduled to commence Wednesday May 31, and is expected
to last three to four days. On completion of the main flow test the well will be shut in for app. ten days for build
up.

The partners are extremely encouraged over these preliminary results. Production test rates will be governed
by permit restrictions but based on the currently available information the partners believe the well is capable
of rates of 30 mmcfpd plus condensate.

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?

For further information, contact: Michael L. Rose, President and Chief Executive Officer.
Berkley Petroleum Corp. Phone: (403) 571_3600

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