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Gold/Mining/Energy : Any Good Penny Resources Left? -- Ignore unavailable to you. Want to Upgrade?

To: David W. Tucker who wrote (737)	1/12/1999 2:03:00 AM
From: Jim Andrews	Read Replies (2) \| Respond to of 753

I am the Public Relations person for this company. I believe over the next 12 months this company's cash flow and assets will continue to improve as it did last year. The stock is well under-priced and deserves some attention. Below is the latest News Release filed January 11, 1999. CIRCUMPACIFIC ENERGY CORPORATION (the "Company") 2400 - 1177 West Hastings Street Vancouver, BC V6E 2K3 Telephone: 888-955-5656 Telephone: 604-688-5007 Facsimile: 604-681-5259 Web Page: circumpacific.com E-mail: andrews@direct.ca VSE Trading Symbol: CER January 11, 1999 NEWS RELEASE Circumpacific Energy Corporation announced today the purchase of a 1,524 hectare drilling license in the Haro area of north-western Alberta at the January 6, 1999 Crown mineral rights sale. Management targeted the acquisition of these lands for their gas potential in both the Bluesky and Gething formations. The Company's engineering and geological staff estimate that the property could accommodate up to six gas wells. Several offsetting wells have been producing more than 600 mcf/day of gas. In addition, Drillsearch Energy N.L., Circumpacific's largest shareholder, has recently drilled several successful wells in the area. Because this is a winter-only access area, the Company is attempting to arrange the drilling of the first gas well during the next two months. This acquisition has the potential to significantly increase and diversify the Company's revenue base. Charles Ross Director The Vancouver Stock Exchange has neither approved nor disapproved the information contained herein. #-01 - 1999