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To: SSP who wrote (60322)	8/25/2000 12:33:58 PM
From: DADEPFAN	Respond to of 150070

ASRG - just keeps looking better and better! Aspen Group Updates Drilling and Acquisition Programs HIGHLIGHTS -- Daily Production increases to over 7,200 MMCFe/day -- Proven Reserves increased 238% since January 1, 2000 -- Aspen Group continues 100% drilling success with new wells August 25, 2000 12:12 PM Eastern Time OKLAHOMA CITY, Aug. 25 /PRNewswire/ -- Jack E. Wheeler, CEO of Aspen Group Resources Corporation, ASRG , today announced that during the first six months of 2000, the Company participated in the drilling and recompletion of 17 Wells. All of the 17 wells were completed as gas wells representing a 100% success rate. Aspen's working interest in these wells ranged from between 1% to 13%. An additional 22 Wells have been approved for drilling during the second half of the year, resulting in Aspen exceeding its drilling forecast by approximately 25%. The drilling program has been accelerated due to the positive impact of higher sustained commodity prices on the Company's Cash Flow and these drilling costs will be funded through the substantially increased cash flow provided by the higher commodity prices. In addition to the drilling and recompletion programs, Aspen recently announced the acquisition of additional oil properties in the El Dorado Field in Kansas. Third party reserve engineering estimates that this acquisition will add approximately 1,141,000 barrels of proven reserves to the company's inventory. Mr. Wheeler states that recent acquisitions, combined with successfully completed wells, improved Aspen's natural gas production to over 7,200 MMCFe/day and that proven reserves have increased 238% since January 1, 2000. Aspen Group Resources Corporation is an Oil and Gas Exploitation, Production and Development company based in Oklahoma City. The Company currently owns interests in approximately 840 wells located in eight states with a predominant focus in Oklahoma, Texas and Kansas. Additional information on Aspen Group Resources Corporation is available from: Kevin O'Connor Investor Relations 877-775-8754 ko@interlog.com Or visit the Company website @ www.asgrc.com The information in this news release includes certain forward-looking statements as defined in the "Safe Harbor" provision of the Private Securities Litigation Reform Act of 1995. These statements are based upon assumptions that are subject to significant risks and uncertainties. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any of its forward-looking statements will prove to be correct. SOURCE Aspen Group Resources Corporation