BPK Resources Owns 2% Interest in Project Through Ownership Interest in APICO LLC; Amerada Hess to Invest $200 Million in Thai Gas Field.

Energy Editors/Business Editors

BANGKOK, Thailand--(BUSINESS WIRE)--June 9, 2003

U.S. integrated oil company Amerada Hess Corp. (NYSE:AHC) said on Friday it plans to invest about $200 million in exploration and production operations in northeast Thailand over the next two years.

Jan Evensen, general manager of Amerada Hess (Thailand) Ltd. told Reuters the planned investment would be made at its Phu Horm-3 concession block in northeast Udon Thani province, which he estimated contains 400-800 billion cubic feet of dry natural gas.

"We plan to spend in the magnitude of $200 million in the next five years," Evensen said.

He said recent production tests at Phu Horm-3 produced a daily flow of 46 million cubic feet (1.3 million cubic metres) of gas.

Evensen said Amerada Hess planned to start commercial gas production from Phu Horm-3 from mid-2005, but would try to bring the date forward to late 2004.

He said gas produced from the block would be fed to a power plant in nearby Khon Kaen Province.

Amerada Hess(Thailand) Limited and APICO LLC, a U.S. based oil and gas company, each have a 40% interest in Block E5N (following completion of a farm-in by APICO) and PTT Exploration and Production Pcl, the national exploration and production company of Thailand, has a 20% interest. Amerada Hess (Thailand) Limited and APICO also own the outstanding working interest in Block EU1. PTT has the right to back in to Block EU1 for a 20% working interest at commerciality. BPK Resources owns an approximate 5% interest in APICO , which equates to an approximate 2% interest in the Phu Horm Project.

About BPK Resources

BPK Resources, Inc. based in Houston, Texas, is a new breed of independent oil and gas company engaged in acquiring, exploring and developing natural gas and oil properties. The company is using a strategy that targets high potential assets by leveraging its relationships and by seeking out partners on a project by project basis that are experts in the specific area being targeted. This strategy is exposing its shareholders to projects with world class potential, managed by some of the industry's most talented people. This strategy is intended to allow the Company to generate significant shareholder value, cost effectively, while reducing certain risks traditionally inherent in the oil and gas industry. In just under a year of oil and gas operations, the Company has executed its strategy and has positioned itself in three North American and one International project of world class potential, operated by some of the leaders and most dynamic names in the oil and gas industry, including Amerada Hess, Tom Brown, Inc. and TMBR/SHARP.

This release contains certain forward-looking statements regarding potential future events and development affecting the business of the Company.

These forward-looking statements involve known and unknown risks, uncertainties or other factors not under the Company's control which may cause actual results, performance or achievements of the company to be materially different from the future results, performance, achievements or other expectations expressed or implied by these forward-looking statements.