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FORELAND CORP. ACQUIRES EAGLE SPRINGS FIELD

 GOLDEN, Colo., July 27 /PRNewswire/ -- Foreland Corp. (NASDAQ: FORL) announced today that it has acquired a number of wells in the Eagle Springs Field in Railroad Valley, Nev. Foreland will operate this field through its wholly owned subsidiary, Eagle Spring Operating L.L.C. Since its discovery in 1954, the Eagle Springs Field has produced more than 4 million barrels of oil. The average initial production rates of the wells is 580 barrels of oil per day, with some wells initially producing as much as 1,000 barrels per day.
 This acquisition will increase Foreland's daily production by 125 barrels of oil per day or more and add 435,000 barrels of proven developed reserves. Foreland will utilize recent technical advances in well logging and geophysics to plan an extensive reworking and development program. The reworking program will focus on improving production from the existing wells and on evaluating each well for additional productive, unproduced intervals. Foreland will also initiate a high resolution, 3-D seismic program over the field to identify additional, undrilled development well locations.
 The acquisition also includes more than 1,000 additional acres upon which further exploration will proceed to identify additional drilling targets. This acreage is held by production at Eagle Springs Field and thus has no expiration date.
 After Aug. 3, 1993, Foreland Corp.'s new address and phone numbers will be: 12596 W. Bayaud, Suite 300, Lakewood, CO 80226, (phone) 303-988-3122; (fax) 303-988-3234.
 All shareholder communications will be handled through that address.
 -0- 7/27/93
 /CONTACT: N. Thomas Steele, president of Foreland, 303-232-1237/
 (FORL)


CO: Foreland Corp. ST: Colorado, Nevada IN: OIL SU: TNM

MF-JB -- LA026 -- 6214 07/27/93 12:09 EDT
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Publication:PR Newswire
Date:Jul 27, 1993
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