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Dominion Explorers Announces First Quarter Drilling Results.


CALGARY, Alberta--(BUSINESS WIRE)--March 29, 1996--DOMINION EXPLORERS(TSE See Tokyo Stock Exchange.

TSE

1. See Tokyo Stock Exchange (TSE).

2. See Toronto Stock Exchange (TSE).
: DMN DMN Dimension
DMN Dimethylnitrosamine (carcinogen)
DMN Data Multiplexing Network
DMN Defective Material Notice
DMN Discrete Memoryless Network
DMN Document Management Number
DMN Dynamic Mesh Network
DMN Digital Milti-Network
 ) Dominion Explorers Inc. of Calgary announces the results of the first quarter 1996 drilling program which involved drilling eight wells (2.79 net) yielding two oilwells, five gaswells and one dry hole (87.5 percent success rate). Dominion operated six of the eight wells drilled. The drilling took place on the Company's Gilby, Sylvan Lake Sylvan Lake can refer to:

Communities:
  • Sylvan Lake, Alberta
  • Sylvan Lake, Michigan
  • Sylvan Lake, New York
Lakes:
  • Sylvan Lake (Alberta)
  • Sylvan Lake, Indiana
  • Sylvan Lake, Minnesota
  • Sylvan Lake, South Dakota
, Medicine River, Wayne- Rosedale, Niton and MacGregor Lake properties. Two of the wells have been equipped, tied-in and placed on production while four of the wells will be tied-in and placed on production following spring breakup. In addition, during the quarter several recompletions on the Wayne-Rosedale and Willesden Green properties were successful. The combined first quarter activity is expected to increase production by up to 300 BOEPD BOEPD Barrels of Oil Equivalent Per Day  (barrels of oil equivalent per day) when tie-ins are complete.

Dominion is an active exploration and production company operating in Central Alberta Central Alberta (also named Alberta's Heartland) is a region located in the Canadian province of Alberta.

Central Alberta is the most densely populated rural area in the province. Agriculture and energy make up an important part of the economy.
. The company expects the 1996 drilling program to involve participation in over 25 wells. The company currently produces approximately 1200 BOEPD.

Dominion Explorers Inc. is listed for trading on the Toronto Stock Exchange Toronto Stock Exchange (TSE)

Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options.
 under the symbol "DMN".

CONTACT: Dominion Explorers Inc.

John A. Pope, P.Eng.,

President

403/571-1100

403/571-1101 (FAX)

or

Dominion Explorers Inc.

Andrew S. Burgess, C.A.

Vice-President

403/571-1100

403/571-1101 (FAX)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 29, 1996
Words:221
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