CityView Energy Corporation Limited - Re: Block GSEC 74 Philippines: ARCO Philippines Inc Operator.HERDSMAN, WESTERN AUSTRALIA--(BUSINESS WIRE)--March 27, 1998-- SYMBOL\EXCHANGE: CVCLF\Q ASX ASX See: Australian Stock Exchange \CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute Capital Structure: Fully Diluted: 12,607,068 Float: 5,522,049 MMC See MultiMediaCard and Microsoft Management Console. Exploration & Production (Philippines) Pte Ltd PTE LTD Private Limited has been advised by the operator ARCO Philippines Inc that Hippo Well No. 1 at 0600 hours 26 March 1998 was at 3703 metres (12150 feet) depth. ARCO will now carry out logging of the lower section of the well. It appears that a sandy body of approximately 35 metres (112 feet) from 3620 metres (11878 feet) to 3655 metres (11990 feet) has been identified. The gas chromatograph indicates condensate C4 and C5. MMC Exploration & Production (Philippines) Pte Ltd is owned 51% by MMC Exploration and Production BV and 49% by CityView Energy Corporation Limited's wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Western Resources N.L. Yours faithfully A P WOODS Company Secretary/Chief Financial Officer CONTACT: Australia-CityView Energy North America - Zoya Financial Chris Vander Boom Steve Basra/Jasbir Gill Tel: 011-61-89-474-1333 Tel: 416-214-2368 Fax: 011-61-89-474-5997 Fax: 416-214-2771 http://www.cityviewenergy.com email.jazz@wwonline.com |
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