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NORCEN AND NORTH CANADIAN PLAN INTEGRATION OF OPERATIONS

 CALGARY, Alberta, April 16 /PRNewswire/ -- Norcen Energy Resources Ltd. (Norcen) and North Canadian Oils Ltd. (NCO) have agreed, subject to approval of their respective boards, to integrate the operations and staffs of the two companies.
 The integration would be effected pursuant to agreements under which Norcen would provide a full range of management services to NCO in a manner which would maximize synergies while at the same time safeguarding the respective interests of the shareholders of the two companies. July 1, 1993, has been chosen as the target date for implementation of the agreements.
 NCO will continue as a publicly traded company.
 -0- 4/16/93
 /CONTACT: Norm Gish, president and CEO of North Canadian Oils Ltd., 403-261-3210; or Bruce Fenwick, senior VP-Production of Norcen Energy Resources, 403-231-0612/
 (NCN. NCO.)


CO: Norcen Energy Resources Ltd.; North Canadian Oils Ltd. ST: Alberta IN: OIL SU: TNM

MS-JL -- LA031 -- 6962 04/16/93 17:25 EDT
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Publication:PR Newswire
Date:Apr 16, 1993
Words:154
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