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Gold/Mining/Energy : Tusk Energy (TKE) -- Ignore unavailable to you. Want to Upgrade?

To: Pete Hall who wrote (732)	7/14/1998 9:38:00 PM
From: Elmer Flugum	Respond to of 1207

JULY 14, 1998 TUSK Announces Second Meekwap Oil Well CALGARY, ALBERTA--TUSK Energy Inc. announces that its latest Meekwap well, TUSK Meekwap Unit 01-20-66-15 W5M, has averaged 916 boepd (834 bopd, 818 mcfd) since regular production began on July 8. No water has been produced. TUSK's net production from the 1-20 well is 161 boepd. TUSK owns a working interest of 16.734 percent and a net profits interest of 0.875 percent in the Meekwap D-2A Unit. The 1-20 well was a follow-up to an oil discovery made by TUSK in March, 1998 at 4-21-66-15 W5M. The 4-21 well has averaged 1545 boepd (1426 bopd, 1190 mcfd) since early April. No water has been produced. TUSK's net production from the 4-21 well is 271 boepd. Current net company production exceeds 800 boepd.