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CANADIAN FROBISHER RESOURCES LTD. ANNOUNCES SIGNIFICANT PARTICIPATION IN HIGHWAY PROJECT, BRITISH COLUMBIA

 CALGARY, Feb. 22 /CNW/ - Canadian Frobisher confirmed today that it is participating for a 34 percent working interest in a Halfway sand test, Czar Highway b-69-I/94-B-16 in northeastern British Columbia.
 The well, which is expected to commence drilling within a week is situated on a well defined structure, on trend with a number of Halfway gas pools. The significance of the well to Canadian Frobisher is that the well, if successful, could establish reserves, net to Frobisher equal to the Company's projected 1993 gas production.
 Currently, Frobisher is producing approximately 7 MMCF/D, primarily to a variety of long-term U.S. export contracts.
 THE VANCOUVER STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.
 For further information: R.W. Lamond, President or; C.A. Teare, Executive Vice President, Canadian Frobisher Resources Ltd., (403) 265-0270
 (CDF.)
 -0- 02/22/93


CO: CANADIAN FROBISHER RESOURCES LTD. IN: OIL ST:

-- C2649 -- X376 02/22/93
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Publication:PR Newswire
Date:Feb 22, 1993
Words:155
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