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MAESA PETROLEUM INC ANNOUNCES DRILL RIGHT OPTION

 MAESA PETROLEUM INC ANNOUNCES DRILL RIGHT OPTION
 VANCOUVER, British Columbia, Sept. 23 /PRNewswire/ -- Peter


Wardle, president of Maesa Petroleum Inc., (OTC: MSAPF, Alberta: MPT) announced that the company has taken an option from another oil operator to obtain drilling rights to a 2,000 gross (1,461 acres net) acre tract in Washington County, Col. This tract will provide Maesa the opportunity to drill an extension well just south of the DeNova Field which has produced 7.6 billion cubic feet. The resevoir itself has produced more than 16 billion cubic feet of gas in the immediate area. Completion of the well will allow Maesa to drill more wells in the same area.
 The wells typically produce more than 750 million cubic feet (MMCF) of natural gas each. The depth to the zone of interest is about 3,000 feet. It is anticipated that the well will be spudded in the next month.
 Gas from this well is eligible for favorable tax treatment in the United States.
 -0- 9/23/92
 /CONTACT: Peter Wardle, president of Maesa Petroleum, 604-261-0620/
 (MSAPF MPT.) CO: Maesa Petroleum Inc. ST: British Columbia IN: OIL SU:


BP -- LA035 -- 2893 09/23/92 19:48 EDT
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Publication:PR Newswire
Date:Sep 23, 1992
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