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To: Stormin Norman who wrote (20654)	5/22/1998 7:48:00 AM
From: DR. MEADE	Read Replies (1) \| Respond to of 34592

Friday May 22, 12:54 am Eastern Time Company Press Release SOURCE: Loch Harris, Inc. Loch Harris' PetroTech Confirms New Discovery With First Three Re-entry Wells AUSTIN, Texas, May 20 /PRNewswire/ -- Results from the first three re- entry wells in its Oklahoma holdings confirm the discovery of an unexpected zone announced last week by PetroTech Resources International, Inc. (PetroTech), a wholly-owned subsidiary of Loch Harris, Inc. (OTC Bulletin Board: LOCH - news). Rodney Boone, president and CEO of Loch Harris, Inc., said the three wells are initially producing 40 barrels of oil and 400,000 cubic feet of gas per day. Boone said 16 more wells will be re-entered and completed and nine new wells will be drilled during the rest of this year and 1999 to confirm two previously unexplored structural 'highs' in the Booch and Wilcox zones. ''The nearest Wilcox well is more than a mile away,'' he said. ''There is room for 30 more wells if our projections for the new discovery are correct.'' ''The three re-entry wells that are now online and producing are expected to account for more than $200,000 in net income by the end of our current fiscal year. When the rest of the wells are re-entered and completed as planned, this figure will surely rise,'' said Mark Baker, CFO for Loch Harris, Inc. According to Baker, revenue from total production is expected to exceed $13 million over the next four years. PetroTech acquired nearly 1,800 contiguous acres in Okmulgee County, Oklahoma last May. Loch Harris, Inc. is a natural resources firm and technology incubator, and acquires businesses, technologies and patents that it determines may have potential for growth and possible spin-off. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, regulatory approval processes, the impact of competitive products or other uncertainties detailed in the Company's filings with the Securities and Exchange Commission. SOURCE: Loch Harris, Inc. ------------------------------------------------------------------------ More Quotes and News:Loch Harris Inc (OTC BB:LOCH - news)Related News Categories: oil/energy ------------------------------------------------------------------------ Help ------------------------------------------------------------------------ Copyright c 1998 PRNewswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. See our Important Disclaimers and Legal Information. Questions or Comments?