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NORTH COAST ENERGY, INC. ANNOUNCES FORMATION OF ITS THIRD DRILLING PROGRAM IN 1993

 CLEVELAND, Jan. 3 /PRNewswire/ -- North Coast Energy, Inc. (NASDAQ: NCEB) announced today the formation of its third investor financed drilling program for calendar year 1993. The North Coast Energy 1993-3 Appalachian Private Drilling Program was formed on Dec. 30, 1993 to drill 26 development wells in the company's primary area of interest.
 Garry Regan, North Coast's president, stated, "The formation of our third 1993 program brings the total number of wells funded, in partnership with our investor/partners, to 67 for 1993 as compared to 46 for 1992. The growth of our business is due in part to our focus, along with our partners, on the finding costs of energy, not just the price of oil and natural gas. Nationwide demand for natural gas continues to grow and we believe the ownership of low cost long-lived reserves are the basis for a positive future for the Company and our partners. We have had four rigs in the field since September with twenty seven program wells successfully drilled and 40 either currently drilling or scheduled. Our completion and pipeline crews will be working throughout the winter months to bring these new wells on line."
 North Coast Energy, Inc. is an independent oil and gas exploration company headquartered in Cleveland, with offices in Youngstown and Warren, Ohio and Colorado Springs, Colo.
 -0- 1/3/94
 /CONTACT: Vicki Matjasic, share owner services, of North Coast Energy, Inc., 216-663-1668/
 (NCEB)


CO: North Coast Energy, Inc. ST: Ohio IN: OIL SU:

BM-KL -- CL012 -- 8438 01/03/94 10:14 EST
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Publication:PR Newswire
Date:Jan 3, 1994
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