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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (11886)	7/27/1998 5:20:00 PM
From: SofaSpud	Read Replies (6) \| Respond to of 15196

FIELD ACTIVITIES / Ridgeway equipment delay ARIZONA - NEW MEXICO CO(2) / HELIUM PROJECT - TESTING UNIT DELIVERY EXPECTED JUNE 22, 1998 DELAYED UNTIL AUGUST 10, 1998 CALGARY, July 27 /CNW/ - The following correspondence was received by Ridgeway Petroleum Corp. late Friday, July 24, 1998 from Smith Thompson Inc., Houston, Texas, the manufacturer of this specialized equipment to be owned and used by the Company in monitoring and testing the different components (CO(2) / Helium) contained in the gas reservoir estimated to contain 21 T.C.F. in place. From: Al Majek To: Tom White Subject: Current status of CO(2) monitoring project Date: Friday, July 24, 1998 1:42 p.m. Tom: As you are aware, we have experienced difficulties with the Hewlett Packard(HP) Gas Chromatograph used on this project. Due to power requirements, space limitations and delivery times, we have no alternative source for this piece. HP has promised that we will have a working unit at our facility by July 31. Following arrival of the device, we will need one week to complete tests and burn-in validation. Therefore, the trailer would be ready to leave our facility August 10. Be assured that we are doing everything possible to accelerate this date. Thank-you for your patience regarding this matter. Best regards, Al Majek, P.E. CEO -------------------------------------------------------------------- ON BEHALF OF THE BOARD OF DIRECTORS ------------------------- Walter B. Ruck, President NO STOCK EXCHANGE HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. Certain statements in this News Release constitute ''forward looking statements'' within the meaning of the Private Securities Litigations Reform Act of 1995. Such forward looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. -30- For further information: Don Currie, 1-888-990-3551 RIDGEWAY PETROLEUM CORP. has 33 releases in this data