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BETA WELL SERVICE, INC., APPOINTS CAMERON ASSOCIATES AS ITS INVESTOR RELATIONS ADVISOR

 NEW YORK, Nov. 23 /PRNewswire/ -- Beta Well, Inc. (AMEX: BWS), a leading oil and gas well servicing company specializing in completion, modification and maintenance of previously explored and drilled oil or gas wells in Canada and Russia, announced it has appointed Cameron Associates as its investor relations advisor.
 Beta Well selected Cameron because the firm has demonstrated its ability to reach portfolio managers and analysts at financial institutions as well as brokers and brokerage firm analysts.
 Cameron was founded by C. Rodney O'Connor in 1976 to provide a new form of stock marketing based on a major shift in capital from individual investors to institutional investors.
 Beta Well reported nine month revenue ended June 30, of $25.8 million compared to $9.2 million and earnings of $1.43 per share compared to $.09 loss for the same period last year. Beta has serviced over 600 oil wells in the Siberian region where a reputed 30,000 wells are dormant because of production problems. Beta Well is the second largest and one of a few qualified companies providing restoration and recompletion of existing wells in Canada and Russia.
 -0- 11/23/93
 /CONTACT: William Gordica, CEO and President of Beta Well Service, 403-290-0585, or Stan Froelich of Cameron Associates, 212-644-9560/
 (BWS)


CO: Beta Well, Inc.; Cameron Associates ST: New York IN: OIL SU:

MP-TW -- NY030 -- 7210 11/23/93 10:56 EST
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Publication:PR Newswire
Date:Nov 23, 1993
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