Brigdon triples production, doubles cash flow closes acquisition.

CALGARY, Alberta--(BUSINESS WIRE)--Nov. 29, 1995--Brigdon Resources Inc. (TSE:BRG.A) of Calgary today released its operating and financial results for the six months ended September 30, 1995.

As compared to the same period in 1994, revenue increased by 79 percent, cash flow more than doubled to $860,000 and net earnings increased by 52 percent to $414,000. -0-

                                Six Months Ended
                                  September 30        Increase
                                    1995        1994 (Percent)

Revenue                       $1,329,000    $741,000    + 79
Cash Flow                     $  860,000    $404,000    +113
Cash Flow Per Share (Basic)   $    0.08     $   0.04    + 82
Net Earnings                  $  414,000    $273,000    + 52
Net Earnings Per Share
 (Basic)                      $    0.04     $   0.03    + 29

Gas production more than tripled to average 5030 mcf per day (1994 period - 1580 mcf per day), with 40 barrels of oil and liquids per day. Average gas prices, however, experienced a severe decline from $1.88 in 1994 to $1.18 in 1995.

Brigdon has closed the acquisition of oil and gas properties announced September 7, 1995. This acquisition increases Brigdon's proved and probable reserves by approximately 32 percent and increases Brigdon's working interest in most exploratory acreage at its Buffalo Lake, Alberta field to 100 percent.

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

CONTACT: J. Phillip Piffer, [phone]

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