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MAESA PETROLEUM INC. STAKES LOCATION FOR A TEST WELL ON STALWART PROSPECT

 MAESA PETROLEUM INC. STAKES LOCATION
 FOR A TEST WELL ON STALWART PROSPECT
 VANCOUVER, British Columbia, Sept. 10 /PRNewswire/ -- Peter Wardle, president of Maesa Petroleum Inc. (Alberta: MPT), wishes to announce that the company has staked the location for a test well on its Stalwart Prospect in Northern Michigan. The location is in Section 34 Township 43 North, Range 2 East in Chippewa County, Michigan.
 The well will be drilled to test the Ordovician age Trenton Formation. The Trenton Formation has been very prolific for oil elsewhere in the Michigan Basin, including the 150-million-barrel Albion-Scipio Field and the 600-million-barrel Lima-Indiana Field.
 Maesa has about 2,000 acres on option farmouts from two other companies.
 According to calculations using the assumptions of 15 percent porosity and a 20-foot oil column, each acre could contain 8,000 recoverable barrels of oil. Thus, 500 acres could contain 4 million recoverable barrels.
 It is anticipated that Maesa will contract with a local operator to conduct actual drilling operations. Maesa plans to commence drilling as soon as the necessary government permits are received.
 -0- 9/10/92
 /CONTACT: Peter Wardle, president of Maesa Petroleum, 604-261-0620/
 (MPT.) CO: Maesa Petroleum Inc. ST: British Columbia IN: OIL SU:


AL -- LA022 -- 8165 09/10/92 15:57 EDT
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Publication:PR Newswire
Date:Sep 10, 1992
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