Chancellor Group Discusses Kansas Oil Property, and Plans for In Field Drilling.

Business Editors

NEW YORK--(BUSINESS WIRE)--Nov. 17, 2000

Bill Stinson, geologist for Chancellor group, Inc. (OTCBB: CHAG) comments on the companies recent acquisition of the Walker property in the Green Wood County, Kansas with www.wallstreetnewscast.com (WSNC). A link to the Real Audio interview, and Chancellor Group profile can be found here: http://www.wallstreetnewscast.net/chag.html

Mr. Stinson stated, "In the field itself there has been about 43 wells that have been drilled, and all of them have hit oil & gas at all levels in the field." "The main producing horizon there is called the `squirrel' formation" "just about all the wells have penetrated that squirrel formation." When asked to comment about the public statement of 5 million barrels proved oil on the property Mr. Stinson commented, " It's got way more than that." "I think we're being conservative with 5 million barrels, and I think this is going to be the jewel in Chancellor crown." "You got to understand that this is an existing field. We're not exploring for oil here, but what we're doing is infield drilling. "We think we can go back in here with some of our more modern day techniques and get more of the oil out."

Power Point Photos of Kansas Property: http://www.wallstreetnewscast.net/profile/Chancellor-Group/shinkle.ppt 

Below you can find some excerpts from the Real Audio Interview:

(WSNC) Once you guys get the go ahead what's the time frame for the company to begin production?

(Mr.Stinson) As soon as we send 'Zeek' down there, several of the wells produce right now, it's just a matter of changing a fuse on a pump. It's that simple." 'With in 3 days we can be producing oil' once we have the go ahead.

(WSNC) In your opinion, and experience, what is some of the key points on this property that really excite you?

(Mr.Stinson) "One, you're at an incline here, all oil grades up into this structure. One of the most exciting things about this thing is that we looked at it, and formed the geological point of view that nobody has drilled down to 2,800 feet into that 'granite wash', a known producer in that area. Granite wash in that area, even I the surrounding areas, is just one of the most prolific producers there is."

(WSNC) So no one has done tests at that depth on the property yet?

(Mr.Stinson) "No one has done the granite wash test their, even though it produces oil now through out the property in other areas, but no one has done the granite wash test their." "You can get a thing where you can produce anywhere from 1,500 to 5,000 barrels a day from one well in the granite wash. Just depending on how good a section you encounter." "It's there, for sure, it's there." "The old timer drillers call it granite wash, what it really is what we call a conglomerate, and world wide these things just produce like the dickens."

Mr. Stinson is based in Houston, Texas. He is a highly experienced petroleum Geologist and, up until 1990, held a number of senior technical positions with Atlantic Richfield International, working for them in Los Angeles, Britain (London and North Sea), Indonesia, and Africa, including positions as Chairman of Joint Venture technical sub-committees. Since 1990, he has continued as an external advisor to Atlantic Richfield on projects in Asia and the Middle East. He is also retained by Hunt Overseas Oil Company; CMS Energy; the Abu Dhabi National Oil Company; and interfaces with Industry on new concessions, and with the World Bank and the United Nations on program funding. Contact Bill Stinson at [phone]

Recent Audio Interview (10/20/00) with Chancellor Group, Inc. can be heard here:http://www.wallstreetnewscast.net/chag.html

Chancellor Group, Inc. Home Page! http://www.chancellorgroupinc.com

Investors are also encouraged to visit and join the Chancellor Group Yahoo! Club http://clubs.yahoo.com/clubs/chancellorgroup

Certain information included in this communication contains statements that are forward-looking, such as statements relating to the future anticipated direction of the industry, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth and potential contracts. These forward statements are subject to a number of known and unknown risks and uncertainties that could cause actual operations or results to differ materially from those anticipated.