AltaQuest Energy Corporation Announces Property Purchase.CALGARY, Alberta--(BUSINESS WIRE)--Nov. 13, 1997--ALTAQUEST ENERGY CORPORATION ("AQF AQF Australian Qualification Framework AQF Advanced Quick Fix AQF American Quality Foundation AQF Acquisition Control File (Claims) AQF Amplify Quantize-And-Forward ") (Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). :AQF) announces, that effective November 1, 1997, it acquired a 25 percent working interest in an oil and gas producing property in the Sylvan Lake area of Alberta. The reserves are estimated to be 185,000 BOE and the current production is 75 BOE per day. These properties have upside potential that will be realized via development drilling in 1998. The consideration paid for this property is $1.245 million cash. AltaQuest Energy Corporation is a publicly traded company publicly traded company A company whose shares of common stock are held by the public and are available for purchase by investors. The shares of publicly traded firms are bought and sold on the organized exchanges or in the over-the-counter market. on the Alberta Stock Exchange. -0- NOTE TO EDITORS: The Alberta Stock Exchange neither approves nor disapproves the information contained herein. CONTACT: AltaQuest Energy Corp., Calgary John E. Thompson Prolific artist and cartoonist, John Enrique Thompson (b. 1969) began his career with a series of critically acclaimed mini-comics including "Jesus Comix", "The Many Faces of John", "Terrifying All-True Army Tales" and a comic adpatation of Dostoyevski's "Crime and Punishment" , 403/543-4677 403/543-4680 (FAX) |
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