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RIGEL ENERGY CORP. RESPOND TO UNUSUAL TRADING

 CALGARY, Alberta, Nov. 16 /PRNewswire/ -- Rigel Energy Corp. announces the following response to unusual trading in the corporation's common shares which is believed to be related to current publicity regarding the Eastern Slopes region of Alberta and its Moose Mountain crude oil prospect.
 Pursuant to an application for a five well drilling program at Moose Mountain submitted by Husky Oil Ltd. on behalf of itself and its partner, Rigel Energy Corp., the Alberta Energy Resources Conservation Board will advertise the application in local newspapers. The period of notice for the advertisement will be between 10 and 30 days. This procedure is consistent with the normal practice followed by the Alberta Energy Resources Conservation Board where concerns have been received from outside parties. This process is in compliance with the Energy Resources Conservation Act of Alberta.
 The companies have previously consulted with affected parties and considerable media attention has been given to operations at Moose Mountain. Rigel is confident that, following this process, the companies' limited program to define the potential resource at Moose Mountain will meet all the criteria required by the Alberta Energy Resources Conservation Board to proceed during 1994.
 -0- 11/16/93
 /CONTACT: Richard C. Mitchell of Rigel Energy, 403-267-3000/
 (RJL.)


CO: Rigel Energy Corp. ST: Alberta IN: OIL SU: ACC

EH -- LA041 -- 5156 11/16/93 16:50 EST
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Publication:PR Newswire
Date:Nov 16, 1993
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