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Gold/Mining/Energy : Epic EAS.v (formerly Epic ERB.v and Safari SIR.v) -- Ignore unavailable to you. Want to Upgrade?

To: Trumptown who wrote (1802)	4/15/1998 9:47:00 AM
From: B. Thomson	Read Replies (2) \| Respond to of 3335

NEWS RELEASE: Negotiations under way for joint venture agreement Epic Resources (BC) Ltd ERB Shares issued 9,170,840 Apr 14 close $1.34 Wed 15 Apr 98 News Release Mr Frank Donis reports Most of the test results from the Ferndale 1A core test well have been received from both Terratek Inc and Tesseract Corp. After a detailed evaluation, the results to date indicate conventional gas production from four different zones and potential production from the coals. Results also indicate a third potential, gas storage in the sands, with a detailed evaluation currently under way. The company has shown all collected data, to date, to four major oil and gas companies. Epic has been requested to set up a technical presentation for three other major companies in Salt Lake City at the American Association of Petroleum Geologist Convention in mid-May 1998. The company is currently evaluating letters of intent from interested parties. Negotiations have now started with a number of major companies regarding a joint venture agreement in Washington State. Any significant agreements reached will be announced in accordance with security regulations. Epic anticipates completing an agreement in principle within 60 days. A conventional test well is currently being planned for early August 1998. This well will confirm the economic gas production from the sands only. Epic is currently setting up meetings in early May 1998 to discuss a joint venture on its conventional properties in Turkey. Epic has recently put together a technical sales package and has sent it out to four major international exploration companies.