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Gold/Mining/Energy : International Rochester Energy Corp. (T. ROH) -- Ignore unavailable to you. Want to Upgrade?

To: Ed Ajootian who wrote (308)	1/2/1998 12:53:00 PM
From: MF	Read Replies (1) \| Respond to of 934

News Release 98 -1 INTERNATIONAL ROCHESTER ENERGY CORP. 709 - 700 West Pender St. Vancouver, B.C. V6C 1G8 Telephone: (604) 684-4491 Facsimile: (604) 687-3797 www.rochester-energy.com rochester@dolcom.com January 2, 1998 Sec. 12G3-s(b) Exemption: #82-2206 TRADING SYMBOL: ROH (vse) Press Release #98-1 STANDARD & POOR'S LISTED Rochester announces - Participation in new Colombian Association Contract - Toronto Listing Approved International Rochester Energy Corp. (Vancouver ROH) announced today that it has reached an agreement with Harken Energy Corp. to participate for a 25% beneficial interest in the 32,000 acre Miradores Association contract located in the Llanos Basin of Colombia. Harken de Colombia Ltd., a wholly-owned subsidiary of Harken Energy Corp., signed this new association contract with Ecopetrol, the state-owned oil company of Colombia, in December 1997 and will act as the operator on the block. The Miradores acreage is contiguous with the Company's Alcaravan contract and adjacent to the recent Estero #1 discovery well on the Palo Blanco Field. Rochester owns a 25% beneficial interest in the Palo Blanco Field and similar rights to participate in the 210,000 acre Alcaravan block. Current plans for the acreage covered by the Miradores contract include the acquisition of new 3-D seismic and the re-processing of existing 2-D seismic data. The proposed 3-D program will cover an area of 50 square kilometres with approximately 40% of the program onto the Alcaravan contract area which includes the Palo Blanco Field. Rochester also announced today that the Company has been approved for listing on the Toronto Stock Exchange under the Company's current ticker symbol "ROH". Trading on the Toronto Stock Exchange is scheduled to begin January 5, 1998. Rochester's President, Philip J. Walsh, commented "we are extremely pleased to be participating in the exploration and development of the Miradores contract area. The results of the planned 3-D seismic program combined with test results from our currently drilling Estero #3 well will help determine the size and extent of our Palo Blanco Field discovered last year. Our Toronto listing is another example of the ongoing evolution and growth of Rochester and will provide our shareholders with increased visibility and liquidity". For further information contact Marshall Farris or Cliff Sandwell in Vancouver at (604) 684-4491 or fax (604) 687-3797. Rochester Energy is a Canadian based oil and gas exploration company and is participating in the exploration and development of the 210,000 acre Alcaravan Association Contract and the 32,000 acre Miradores Association Contract located in the Llanos Basin of Central Colombia. The Company is also pursuing other, high potential, international oil and gas exploration opportunities. The Vancouver Stock Exchange has neither approved or disapproved this announcement.