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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (3851)	7/2/1997 1:39:00 PM
From: Kerm Yerman	of 15196

FIELD ACTIVITY / RICHLAND PETROLEUM CORP ANNOUNCES JOINT VENTURE WITH PANCANADIAN PETROLEUM TSE;ASE SYMBOL: RLP.A JULY 2, 1997 Richland Announces Joint Venture With PanCanadian on 42,000 Acres CALGARY, ALBERTA--Richland Petroleum Corporation has entered into a joint venture agreement with PanCanadian Petroleum Limited in Richland's south-east Saskatchewan core area. Richland will be evaluating Mississippian, Devonian and Ordovician targets on the joint venture lands. The Company will have rolling options to continue to drill to earn an interest in the joint venture lands which encompass over 42,000 gross acres. This joint venture complements Richland's current inventory of over 90,000 acres of undeveloped land in south-east Saskatchewan. Richland is committed to drill at least six (6) exploratory test wells on the joint venture lands and shoot (70) seventy kilometres of seismic data. Richland Petroleum Corporation is a public company involved in the exploration and development of crude oil and natural gas in Western Canada. Its shares trade on the Toronto and Alberta Stock Exchanges under the symbol RLP-A.

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