Trans-Dominion Energy Corporation Announces Eleventh Successful Well in Turkey.

CALGARY, Alberta--(BUSINESS WIRE)--Aug. 17, 1999--

Calgary-based Trans-Dominion Energy Corporation (TSE:TDE.) today announced the drilling of a successful well, Zeynel #12, located in the Zeynel field in the Gaziantep region of southeast Turkey.

The operator, Aladdin Middle East Ltd. has indicated that initial production on the well is 1000 bbls/d of oil at 24 degree API gravity oil.

Michael Doherty, President and CEO of Trans-Dominion, said, "The well is being completed at present and is already set up to deliver to a gathering station in the Zeynel Field. The well is producing from the Mardin carbonate reservoir. To date twelve wells have been drilled in the Zeynel Production Lease and eleven have produced oil, with one dry hole having been drilled, for a 92 percent success ratio. With increased production from the Field and higher oil prices, our revenues from Turkey will be substantially improved."

On the Zeynel 12 well, Trans-Dominion will receive a gross overriding royalty of 12.5 percent of total production. The operator, Aladdin Middle East Ltd., indicated deliveries to Turkey's TUPRAS refinery will commence on September 1st, 1999. Current production in the Zeynel Field is being delivered to TPAO, at the Cemberlitas gathering terminal and TUPRAS refinery at Batman, Turkey.

Trans-Dominion indicated that the previous producing wells in the Zeynel Field have experienced initial declines, followed by a period of sustained production. While estimated at 1,000 barrels per day, Zeynel 12 is expected to have similar characteristics with the sustained flow likely to be lower than this initial rate.

Trans-Dominion Energy Corporation is an independent international exploration company with its head office in Calgary, Alberta and maintains offices in London, England, Trinidad and Turkey. Trans-Dominion is a widely held public company listed on the Toronto Stock Exchange (TSE) and trades under the symbol TDE.