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Gold/Mining/Energy : Dynamix Corp (DYX was Dakota Resources, DAK) -- Ignore unavailable to you. Want to Upgrade?

To: Harvey Pollock who wrote (507)	10/22/1998 4:50:00 PM
From: Saverio	Read Replies (1) \| Respond to of 587

DYX 1998-10-22 Dynamix Corporation - Kentucky Update CALGARY, ALBERTA--Dynamix Corporation (DYX/ASE) advises that the first well in a 5 well shallow gas program in Johnson County Kentucky has been drilled and is standing as a cased gas well awaiting fracture treatment. The second well, on penetration of a shallower gas zone during drilling, flowed approximately 10 MMcfd uncontrolled for three days, before being brought under control on Friday, October 16, 1998. It is expected that this zone will produce between 1 MMcfd and 1.5 MMcfd (DYX 25 percent) when placed on production. The well will be drilled on down to the deeper main target, and a twin well will be drilled to access the shallower zone. It is anticipated that the shallow well will be completed and on production by late December 1998, in time for the winter heating season when gas prices are expected to be in the neighborhood of US $3.00+ (CAN $4.50+). The seismic on this prospect indicates that 2 or 3 additional wells may be drilled to this zone, with expected total production of 3 MMcfd to 4 MMcfd (DYX 25 percent). FOR FURTHER INFORMATION PLEASE CONTACT: Dynamix Corporation Richard LeBlanc Executive Vice President/Director (403) 221-7715 or Dynamix Corporation Randy Marshall, P.Eng., Vice President (Operations, Production & Engineering) (403) 221-7706 The Alberta Stock Exchange has neither approved nor disapproved the information herein contained