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To: KLAW97 who wrote (11883)	4/29/1998 7:18:00 AM
From: Big Dog	Read Replies (4) \| Respond to of 34592

CSCA, let's rock and roll. BIG DOG Tuesday April 28, 6:54 pm Eastern Time Company Press Release Cassco Capital Corporation Announces Acquisition of Louisiana Oil and Gas Properties HOUSTON--(BUSINESS WIRE)--April 28, 1998--Norman Wood, CEO of Cassco Capital Corporation, is pleased to announce as of March 13, 1998, Trico Oil & Gas Inc., a wholly owned subsidiary of Cassco increased its hard assets and cash flow with the acquisition of 100 percent working interest in 1100 acres in Caddo Parish, Louisiana. This newest acquisition increases Trico's drillable acreage to approximately 2300 acres with total estimated reserves of 20,000,000 barrels of oil in place. This acquisition also increased Trico's drill sites from 50 to 116 wells for infield development. The property has twenty (20) existing wells, fully equipped and producing along with rolling stock valued in excess of Trico's purchase price. No stock was transferred, either free-trading or restricted, to acquire this property. The Louisiana property had revenues of $32,000.00 during the first quarter of 1998. Improvements in progress on the property have increased production and revenues are expected to rise to $80,000.00 in the next quarter. On estimated reserves, the property can produce up to thirty million dollars ($30,000,000.00). As development of the property begins, these estimates will improve as a result of increased natural gas sales. Details on the financial figures concerning this acquisition will be forthcomming in the audited 10K and are being held due to pending new acquisitions. Presently Cassco is working on being fully reported by July 31, 1998. However, the audit process is being hindered by current acquisitions, both closed and pending, which are to be included. Details of these acquisitions will be released in the near future. Cassco has signed a ''Letter of Intent'' to merge with Dartindo, based in Stilfontein, South Africa. According to Gericke, Rademeyer & Newton Walker (Independent Chartered Accountants), Dartindo has a new worth of 137,157,650 Rand or approximately thirty million dollars ($30,000,000.00) at today's exchange rate. Dartindo specializes in the recovery of gold remaining in ore that has been mined along with high-grade ore. A due diligence package has been received and studies verifying Darindo's presentation is in progress. CEO Norman Wood said, ''We are aggressively pursuing our business plan and focusing on the shareholder equity with solid hard assets and steady cash flow.'' Safe Harbor Disclaimer: This release may contain forward looking statements that involve risk and uncertainties including, without limitation, mentioned acceptance of the company's dependence on financing, third party suppliers and intellectual property rights, and other risks detailed from time to time in the company's federal filling, annual reports, offering memorandum, or prospectus. -------------------------------------------------------------------------------- Contact: Cassco Capital Corporation Norman Wood, 903/983-5041 --------------------------------------------------------------------------------