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LOUMIC RESOURCES REPORTS ON PRODUCTION CASING

 LOUMIC RESOURCES REPORTS ON PRODUCTION CASING
 VANCOUVER, British Columbia, Aug. 4 /PRNewswire/ -- Loumic


Resources Ltd. (Vancouver: LOO) reports that 5 1/2 inches production casing has been successfully run and cemented at the Towsley No. 1 well, located 30 miles north of Los Angeles. The completion and testing procedures will commence about Aug. 15, 1992.
 The partners feel that data to date shows a good possibility of the existence of several potential gas-producing horizons, totaling about 200 feet gross, a part of which is beneath the top of the drill-pipe remaining in the hole.
 The various open-hole logs, mud-log data and drilling rates are being analyzed by all of the partners, including the operator, Samedan Oil Corp. of Denver. It is expected that complete analysis of this data will provide more exact information as to the location and thicknesses of the various lower indicated gas pay zones.
 A thorough testing and completion program will give us information as to pressures and volume of gas from the various zones, if any. The cost to complete casing, cementing and all testing is estimated at $1,169,000 U.S. Dollars.
 The first zone to be tested will be the bottom 300 feet of hole which now contains drill-pipe and is located below the bottom of the 5 1/2-inch casing. This will be done using packers run inside the production casing.
 -0- 8/4/92
 /CONTACT: Harry Z. Bristman of Loumic Resources, 604-922-8623/
 (LOO.) CO: Loumic Resources Ltd. ST: British Columbia IN: OIL SU:


EH -- LA013 -- 6632 08/04/92 11:52 EDT
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Date:Aug 4, 1992
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