CityView Energy Corporation Limited Re: Simenggaris Block North East Kalimantan.HERDSMAN, Western Australia--(BUSINESS WIRE)--July 8, 1998-- CityView Energy Corporation Limited (CityView) (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CVCLF) (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 ) is pleased to announce that its initial review of the data recently provided by Pertamina for the Simenggaris Block (held by CityView's subsidiary Western Simenggaris Petroleum Pty Ltd.) reinforces the potential for the discovery of multiple mid-size oil and gas fields. Six prospects and six leads have been generated already from Pertamina's data, the first to be drilled will be Sesayup and Pidawan. Sesayup field definition One well is planned to delineate an existing two well ARCO gas discovery. Based on the ARCO program, existing gas reserves indicate up to 200 BCF BCF Billion Cubic Feet BCF Bioconcentration Factor BCF British Chess Federation BCF British Coatings Federation BCF Breast Cancer Fund BCF Bank Credit Facility BCF Bulked Continuous Filament BCF British Cycling Federation BCF Boeing Converted Freighter . Pidawan oil prospect One four way closure anticline anticline: see fold. on trend with existing oil production at the Sembakung and S. Sembakung oilfields. As more data is obtained from Pertamina, further prospect review including reprocessing Reprocessing may refer to:
In addition to its program in Indonesia and the Philippines, CityView is actively pursuing its campaign to acquire production in the Caspian Sea region. Yours faithfully AP Woods Company Secretary/CFO
CONTACT: Australia- CityView Energy
Chris Vander Boom
Tel: 011-61-89-445-3199
Fax: 011-61-89-445-3947
http://www.cityviewenergy.com
or
North America - Zoya Financial
Steve Basra/Jasbir Gill
Tel: 905-763-7773
Fax: 905-763-7774
email:jazz@wwonline.com
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