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To: Natedog who wrote (9077)	6/22/2000 11:39:00 AM
From: Mr.Manners	Read Replies (1) \| Respond to of 12754

they are obviously jealous check this, wanker Wednesday June 21, 2:57 pm Eastern Time Press Release SOURCE: Canadian Imperial Venture Corp. Canadian Imperial Venture Corp. and Baker Hughes Canada Form Alliance for Western Newfoundland (CDNX:CQV) ST. JOHN'S, NF, June 21 /CNW/ - Canadian Imperial Venture Corp. (Canadian Imperial) announced today that it has agreed to a strategic alliance with Baker Hughes Canada (Baker Hughes) for western Newfoundland. Under this alliance, the companies will work closely together to develop the potential petroleum resources of this emerging basin. Baker Atlas' Norward division are currently testing the Port au Port No. 1 well on behalf of Canadian Imperial and a geophysical program over the Garden Hill Field is planned for July by Baker Hughes' Western Geophysical group. Canadian Imperial holds exploration rights to approximately 525,000 net acres onshore and offshore western Newfoundland. Under a farm-out from Hunt and PanCanadian, the company is in the initial stages of developing the Garden Hill Field. Baker Hughes is a major oilfield services company with world-wide operations, and, through its operating divisions and subsidiaries provides leading edge technologies and services in the areas of geophysics, wireline & testing, drilling, completion and production services. "Canadian Imperial is committed to applying the best technology and business practices in our quest to build an outstanding petroleum company. This alliance with Baker Hughes opens the door for us to work with an industry leader on an ongoing, strategic basis," said Steven Millan, CEO of Canadian Imperial. Jim White, Senior Vice President of Baker Hughes' Western Geophysical responded, "I am delighted that we have been able to develop an innovative business arrangement with Canadian Imperial which will build on the strengths of both organizations. Through this, Baker Hughes will be well positioned to reap rewards as the western Newfoundland play develops. We see this as a win:win:win situation for Newfoundland, Canadian Imperial and Baker Hughes." On Behalf of CANADIAN IMPERIAL VENTURE CORP. "Kirby Mercer" ------------------------------- Kirby C. Mercer, Vice President