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Gold/Mining/Energy : CARMANAH RESOURCES LTD ( CKM - TSE ) -- Ignore unavailable to you. Want to Upgrade?

To: TheMajor who wrote (231)	9/2/1998 3:30:00 PM
From: MrsNose	Read Replies (1) \| Respond to of 269

News release! All the best, Margie Carmanah Updates Camar Developments CALGARY, ALBERTA--Carmanah Resources Ltd. ("CKM"-TSE) announces today that its MPA-1 well in the Camar Field offshore Indonesia has been completed as a successful oil well and placed onstream. The well results are very encouraging and stabilized flow rates will be announced next week once optimum production criteria are established. Carmanah also announces that the faulty safety valve at CN-3 has been removed and this well is also being placed onstream. As with MPA-1, production rates will be announced once they have stabilized. The Pride Pennsylvania jackup rig used at Camar was released to another operator on September 1, 1998. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Carmanah Resources Ltd. Mr. R. A. Gusella Chairman & Chief Executive Officer (403) 266-4975 (403) 266-5042 (FAX) carmanah@cadvision.com or Carmanah Resources Ltd. Mr. A. F. Badwi President & Chief Operating Officer (403) 266-4975 (403) 266-5042 (FAX) The Toronto Stock Exchange has neither approved nor disapproved the contents hereof.