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RANGER OIL LIMITED ANNOUNCES DRILLING COMPLETION

 RANGER OIL LIMITED ANNOUNCES DRILLING COMPLETION
 CALGARY, April 30 /PRNewswire/ -- Ranger Oil Limited (NYSE: RGO), as


Operator, today announced that the drilling of well 22/27a-3, some 150 miles east of Aberdeen, has been completed.
 The original well track was drilled as a deviated hole to a total depth of 5,850 feet. The well was then sidetracked for geological purposes as originally planned and drilled to a total depth of 8,828 feet. Although oil was encountered in target horizons, the well was not tested.
 The well was drilled on the north eastern flank of a complex salt diapir feature which straddles the boundary line with Block 29/2a (Ranger's interest 14.5 percent), where two successful exploratory wells have been tested at rates up to 14,455 barrels of oil per day.
 Dr. George Wood, Ranger Oil (U.K.) Limited's Managing Director, had the following comments. "Ranger and partners consider that at least two further appraisal wells will be required in Block 22/27a. A 3D seismic survey covering this feature in both blocks 29/2a and 22/27a is scheduled to begin in July 1992 and it is expected that the next appraisal well will be drilled before the year end. In addition, Ranger, as Operator of Block 22/27a, and Conoco, as Operator of Block 29/2a, are meeting to discuss further evaluation and development of this discovery."
 The partners in Block 22/27a are:
 -- Ranger Oil (U.K.) Limited (Operator) 41.62 percent
 -- LASMO North Sea PLC 23.41 percent
 -- Enterprise Oil plc 18.00 percent
 -- Sun Oil Britain Limited 13.22 percent
 -- Santos Europe Limited 3.75 percent
 -0- 4/30/92
 /CONTACT: John G. Faulds, vice president of Ranger Oil Limited, 403-263-1500/
 (RGO) CO: Ranger Oil Limited ST: Alberta IN: OIL SU:


SH -- NY019 -- 4801 04/30/92 09:50 EDT
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Copyright 1992 Gale, Cengage Learning. All rights reserved.

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Publication:PR Newswire
Date:Apr 30, 1992
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