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RANGER OIL ANNOUNCES COMMENCEMENT OF FIRST PRODUCTION FROM THE NORTH SEA MARKHAM GAS FIELD

 RANGER OIL ANNOUNCES COMMENCEMENT OF FIRST PRODUCTION
 FROM THE NORTH SEA MARKHAM GAS FIELD
 CALGARY, Alberta, Nov. 12 /PRNewswire/ -- Ranger Oil Ltd. (NYSE: RGO, Toronto, Montreal: RGO) announced the commencement of production from the Markham gas field. Following are excerpts from the press release of LASMO plc, the operator:
 "LASMO Nederland, a subsidiary of the oil and gas independent LASMO plc, has today achieved its first production from the Markham gas field. The field is unique in that it is the first offshore development lying across the U.K./Netherlands median line.
 "The Markham field, operated by LASMO Nederland, came on production at 1900 hours local time, Nov. 6, 1992, and will produce gas at a peak rate of 245 million cubic feet per day." Ranger's share of the gas will be sold to GasUnie, the Netherlands national gas utility.
 Working interests in the Markham field (subject to revision) are:
 Percent
 Ranger Oil 3.9234
 LASMO (Operator) 33.8300
 Energie 31.2785
 Total Beheer Nederland 9.2636
 Elf 9.1239
 Holland Sea Search II B.V. 4.6918
 Wintershall 3.0648
 Euroll Exploration 2.7787
 DNO Offshore 2.0453
 -0- 11/12/92
 /CONTACT: John G. Faulds, VP-investor relations, Ranger Oil, 403-232-5200/
 (RGO) CO: Ranger Oil Ltd. ST: Alberta IN: OIL SU:


KJ -- LA037 -- 0462 11/12/92 19:07 EST
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Publication:PR Newswire
Date:Nov 12, 1992
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