Brigdon Resources Releases Operating and Financial Estimates.

CALGARY, Alberta--(BUSINESS WIRE)--April 29, 1996--BRIGDON RESOURCES INC. (TSE: BRG.A ) of Calgary announces that at the Canadian Oilpatch Investor Conference in Toronto, Ontario today, Brigdon will release operating and financial estimates for the year ended March 31, 1996 and will outline its plans and financial targets for fiscal 1997.

Product sales increased 72 percent from 3,500 mcf per day of gas equivalent in fiscal 1995 to 6,015 mcf per day for fiscal 1996. The company expects gas sales to average 15,400 mcf per day in fiscal 1997.

Revenue increased 53 percent from $2.2 million to $3.3 million. The revenue target for the year April 1, 1996 to March 31, 1997 is $9 million. Brigdon is forecasting average product prices of $1.40 mcf for gas and $22.00 per barrel for liquids - essentially, unchanged from fiscal 1996.

Cash flow is estimated to have increased from $1.3 million for fiscal 1995 to $1.8 million for fiscal 1996. The fiscal 1997 target is $6 million.

Brigdon's capital budget for the current year is set at $4 million. Brigdon plans to drill, complete and tie-in a minimum of seven new wells. The company will also complete pipeline connections to and/or workover a further eight wells and increase its gas processing capacity by at least 6,000 mcf per day.

All current and planned developments are at the company's Buffalo Lake field, approximately 200 kilometres northeast of Calgary.

BRIGDON RESOURCES INC.

By: Frank van der Vliet

Vice President Exploration

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this Press Release.

CONTACT: Brigdon Resources Inc.

J. Phillip Piffer

President

403/266-4421