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BEARCAT EXPLORATIONS LTD. ANNOUNCES WELL UPDATE

 CALGARY, Alberta, Aug. 26 /PRNewswire/ -- The operator of the Stampede Bearcat et al Hartell 4-13-19-2 W5M deep Devonian wildcat well to be drilled in the Turner Valley area south of Calgary, advises that it has now been issued the necessary drilling license with which to commence operations. A drilling rig has been arranged for and surface lease construction should commence in approximately one week.
 The actual drilling operation of this approximate 12,000-foot test is expected to commence in approximately 10 days. The drilling of this well to total depth is expected to take six weeks. All related operations will be conducted on a "tight hole" confidential information basis. A second deep Turner Valley wildcat well, to be located approximately four miles west of this first well in the middle of the existing Mississippian Turner Valley Oilfield is planned to commence drilling operations immediately after the rig release of the first well, in approximately mid-October.
 The Bearcat Rights Offering documentation is in the final draft stage and should be mailed out to all registered shareholders of the company's common voting shares in two weeks time. In light of the expected magnitude of success of the upcoming Turner Valley drilling program, shareholders are urged to have all common voting shares registered in their names to ensure receipt of this Rights Offering information.
 The company and its partners have farmed into 27,840 acres of P & NG Rights related to this prospect. The working interest partners in this Turner Valley drilling program are Bearcat Explorations Ltd. -- 45 percent, Stampede Oils Inc. as operator -- 25 percent, and a private corporation -- 30 percent.
 Bearcat Explorations Ltd. is listed on The Alberta Stock Exchange under the symbol BEA.
 The Alberta Stock Exchange has neither approved nor disapproved the information contained herein.
 -0- 8/26/93
 /CONTACT: Jack McLeod, president of Bearcat Explorations Ltd., 403-265-6161/
 (BEA.)


CO: Bearcat Explorations Ltd. ST: Alberta IN: OIL SU:

JB-JL -- LA026 -- 6258 08/26/93 14:51 EDT
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Publication:PR Newswire
Date:Aug 26, 1993
Words:328
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