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To: The Ox who wrote (77741)11/2/2000 10:04:08 AM
From: chowder  Respond to of 95453
 
News on EEE...

smartmoney.com

Canadian 88 Energy Corp.: Announcement of Financial Advisors
November 02, 2000 8:52 AM

CALGARY, ALBERTA--Further to the October 10, 2000 announcement by the Board of Directors of Canadian 88 Energy Corp., the Special Committee has engaged CIBC World Markets Inc. and Credit Suisse First Boston as financial advisors.

The Special Committee is moving quickly to evaluate strategic alternatives and identify opportunities to enhance shareholder value. The Committee will continue to advise stakeholders of the progress of this review as it evolves.

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 and American Stock Exchanges. The information contained herein has neither been approved nor disapproved by the respective Exchanges.

FOR FURTHER INFORMATION PLEASE CONTACT:

Canadian 88 Energy Corp. Joseph L. Pritchett, III President & CEO (403) 974-8800 (403) 974-8811 (FAX) or Canadian 88 Energy Corp. Donald R. Gardner Exec. Vice President & CFO (403) 974-8800

08:52 EST NOVEMBER 2, 2000