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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9601)	2/21/2003 3:06:46 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 24921

Portfolio Stock / Rocky Mountain Energy FOR: ROCKY MOUNTAIN ENERGY CORP. TSX VENTURE SYMBOL: RME FEBRUARY 20, 2003 - 08:30 EST Rocky Attains 2000 bbl/day Production Milestone CALGARY, ALBERTA--Rocky Mountain Energy Corp. (TSX Venture: RME) is pleased to announce continued success in the Princess area. Production numbers have recently surpassed the 2000 bbl/day milestone. The production increase has come from the completion and tie in of three wells drilled prior to year-end and the current production from the new 12-29 well. The 11-18-19-12W4 and 11-17-19-12W4 gas wells have both been completed and tied in. Each well is producing from two zones and follow up wells are planned for late spring. The 102 / 10-20-19-12W4 oil well has also been completed and is pumping to the 11-20 Battery. All three wells are 100 % Rocky. Rocky has also drilled three of its four well winter program. The first, 12-29-19-12W4, a horizontal Sunburst well, (100% Rocky) was completed and flow tested at rates exceeding 1000 bbl/day of oil. The well will be produced at a restricted rate of 400 bbl/day. The second well at 12-20-19-12W4 was drilled and cased. This potential gas well (100% Rocky) will be completed in the Bow Island and Basal Colorado formations later this week. The third well, a New Pool Wildcat at 3-32-18-10W4, was drilled and cased this week. This well operated by Rocky at a 50% working interest will be completed in the Pekisko, Basal Colorado and the Bow Island near the latter part of this month. A fourth well (100% Rocky) at 16-32-19-12W4, has recently been licensed to drill a horizontal well in the Sunburst formation. This well is expected to be drilled by the middle of March. Our partner in the Princess area has commenced a three well drilling program (50% Rocky) and comprises of one Arcs test and two Pekisko tests. Rocky expects to drill an additional eight wells in the second and third quarters.