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Gold/Mining/Energy : Ranger Oil -- Ignore unavailable to you. Want to Upgrade?

To: aknahow who wrote (194)	1/7/1998 9:47:00 AM
From: waitwatchwander	Read Replies (1) \| Respond to of 395

George, Maybe the noise is getting through. Interesting points to me include date of signing was Dec 22/97 and the partnership with Clyde. Maybe the Texan is still interested. After all, RGO has to be the only widow stock still trading at it's 1980's level. What I don't get is why is Edward et all not concerned? To: "Portfolio Email User" Attention Business Editors: RANGER OIL AWARDED TWO PRODUCTION SHARING CONTRACTS OFFSHORE COTE D'IVOIRE CALGARY, Jan. 7 /CNW/ - Ranger Oil, as Operator, is pleased to announce the award of two Production Sharing Contracts covering Blocks CI-101 and CI-103 offshore C“te d'Ivoire, West Africa. The agreements were signed in Abidjan on December 22nd. Block CI-101 covers approximately 3200 sq. kms. and CI-103 approximately 2500 sq. kms. Both blocks lie to the south and southeast of CI-102, which was awarded to a Ranger-led consortium early in 1997. Ranger is also Operator of Block CI-26 which contains the Espoir Field. Fred Dyment, President and Chief Executive Officer, said ''We are delighted with the award of these two prospective permits. We are now a significant player in the C“te d'Ivoire which has become a new focus area for Ranger. We look forward to working with the Government and our partners to fully evaluate this new acreage which has seen very little exploration to date.'' Licence interests: Ranger Oil C“te d'Ivoire SARL (Operator) 35.0% Clyde Expro Plc (subsidiary of Gulf Canada Resources Ltd.) 35.0% Gentry International (Cote d'Ivoire) Inc. 17.0% T.C. Petroleum Inc. 3.0% La Societe Nationale d'Operations Petrolieres de la Cote d'Ivoire 10.0% Issued by: F. J. Dyment President and Chief Executive Officer -0- 01/07/98 For further information: John G. Faulds, Vice President, Investor Relations, Ranger Oil Limited, (403) 232-5200; Alan B. Henderson, Chairman, Ranger Oil (U.K.) Limited, 1483 401 401