Barrington Appoints Special Committee.CALGARY, Alberta--(BUSINESS WIRE)--Aug. 12, 1998--Barrington Petroleum Ltd. (TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :BPL See broadband over power lines. ) (ME:BPL) ("Barrington," "the Corporation") announces that the corporation has received notification from Sunoma Energy Corp. of its intention to offer to acquire all of Barrington's outstanding common shares and common share purchase warrants at a price of $3.75 per common share and $0.07 per warrant. Barrington's board of directors has appointed a special committee of the board, comprised of independent directors John Brussa, Robert Franklin and Seymour Epstein, to consider this notification. The special committee will review the Sunoma Energy Corp. offer when it is received and provide information to Barrington's shareholders in due course. Barrington is a Canadian intermediate natural gas and oil producer based in Calgary with operations in Alberta and Saskatchewan. The corporation's primary emphasis is natural gas and natural gas liquids exploration and production. Barrington's common shares are listed onThe Toronto Stock Exchange Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. and the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg (trading symbol Trading symbol See: Ticker symbol "BPL"). The warrants are listed on The Toronto Stock Exchange (trading symbol "BPL.W").
CONTACT: Barrington Petroleum Ltd., Calgary
David J. Evans/Brian H. Gore/Timothy V. Dunne
403/263-9464
403/266-5794 (fax)
investor@barrington.com
http://www.barrington.com
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