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    re: canadian gas find Here is another News Report:

    Shell Canada announces major natural gas discovery in central Alberta


    CALGARY, Dec 08, 2004 (Canada NewsWire via COMTEX) -- Shell Canada announced
    today a major natural gas discovery on a previously untested structure located
    30 kilometres southwest of Rocky Mountain House in central Alberta.

    An exploration well, Shell Tay River RicinusW 2-6-37-10-W5 (Shell Canada Limited
    75 per cent, Mancal Energy Inc. 25 per cent), was drilled on a previously
    untested Leduc reef feature analogous to the nearby Ricinus West field. The well
    was drilled to a depth of 5100 metres and encountered approximately 140 metres
    of net pay. Test data indicates that the well will be capable of a restricted
    flow rate of 30 million cubic feet per day through existing 3.5 inch tubing.
    Based on seismic evaluation, pressure and well data, Shell estimates that this
    new feature could contain in the range of 500 to 800 billion cubic feet of
    original raw gas in place. The raw gas contains approximately 60 per cent
    methane and 35 per cent hydrogen sulphide. Additional drilling and production
    information will be required to confirm the amount of gas in place and recovery
    factors.

    Ian Kilgour, Senior Vice President of Exploration and Production, Shell Canada
    said, "Our Foothills exploration team used sophisticated technology and know-how
    to map, successfully drill and test a new and significant structure in a basin
    that is generally considered mature. This is one of the largest gas discoveries
    in Western Canada in recent years and related economic benefits will be
    important to both Shell and the Province of Alberta."

    The discovery well is in the vicinity of existing sour gas processing facilities
    with capacity to handle incremental volumes, and is expected to be tied-in and
    producing by mid-2005. Further delineation drilling is also planned during 2005.

    Clive Mather, Shell Canada's President and CEO, said, "The objective of our
    ongoing exploration effort in the Alberta Foothills has been to find and develop
    additional gas to maintain production from existing fields, and we've had good
    success with that program over the years. This significant and exciting new
    discovery could take us beyond that objective and contribute to the future
    growth of our natural gas business."

    Visit Shell's web site: www.shell.ca
 
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