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Canadian 88 Energy Corp. Accepts J.P. Bryan Resignation.


CALGARY, ALBERTA--(BUSINESS WIRE)--Dec. 5, 1998--Canadian 88 Energy C(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
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See Canadian Venture Exchange (CDNX).
:EEE.) (AMEX AMEX

See: American Stock Exchange
:EEE) Canadian 88 Energy Corp. of Calgary, Alberta announced today that the Board of Directors of the Company have accepted the resignation of Mr. J.P. Bryan of Houston, Texas as Chairman.

Mr. Bryan was appointed Chairman September 28, 1998 and he has been replaced as Chairman by Mr. James D. Raymond, Investment Banker of Montreal, Quebec, Chairman of Canadian 88 Energy Corp. from October, 1992 to September 28, 1998.

The Company said in Calgary today that it wishes Mr. Bryan all the best in his other business endeavours.

Canadian 88 Energy Corp. is a Calgary based natural gas exploration and production Company with operations concentrated in the foothills of Western Canada. Canadian 88 is the leading deep driller in the foothills of Alberta. The Company recently expanded its capital spending program for natural gas drilling in Western Canada to $170 million for the balance of 1998 and 1999 to take advantage of lower land and service costs that have resulted from depressed oil commodity prices.

The shares of Canadian 88 Energy Corp. are traded on the Toronto, Alberta and American Stock Exchanges This is a list of American stock exchanges. Stock exchanges in Latin America (where Spanish and Portuguese prevail) use the term Bolsa de Valores, meaning 'bag' or 'purse' of 'values'. .
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1998, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1CALB
Date:Dec 7, 1998
Words:200
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