FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of July, 1996
PRAIRIE PACIFIC ENERGY CORPORATION
(Translation of registrant's name into English)
302, 1168 Hamilton Street, Vancouver, British Columbia, Canada, V6B 2S2
(Address of principal executive offices)
[Indicate by check mark whether the registrant files or will file
annual reports under cover Form 20-F or Form 40-F.]
Form 20-F X Form 40-F
[Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information
to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
of 1934.]
Yes No X
[If "Yes" is marked, indicate below the file number assigned to the
registrant in connection with Rule 12g3-2(b): 82- ]
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
PRAIRIE PACIFIC ENERGY CORPORATION
(Registrant)
Date: July 26, 1996 By: /s/ Malcolm F.W. Todd
Malcolm F.W. Todd, President
(Signature)*
*Print the name and title of the signing officer under his signature.
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PRAIRIE PACIFIC 302, 1168 Hamilton Street
ENERGY CORPORATION Vancouver, British Columbia
V6B 2S2
Telephone: (604) 684-2356
Facsimile: (604) 684-4265
FOR IMMEDIATE RELEASE 15th July 1996
PRAIRIE PACIFIC ENERGY CORPORATION ("Prairie Pacific")
Listed: The Alberta Stock Exchange - Symbol: PRP
NASDAQ OTC Bulletin Board - Symbol: PRPEF
Prairie Pacific Energy Corporation has taken a 10 percent undivided interest
in a Nisku-formation, oil-and-gas reef test being drilled by Gulf Canada
Resources Limited at Brazeau River, Alberta. Inspan Investments Limited, a
Prairie Pacific affiliate, also holds a 10 percent undivided interest with
Gulf Canada, the operator, holding 80 percent. Drilling commenced July 8th.
The Gulf et al well is located near Zeta Lake, 90 miles west of Edmonton in
the NW1/4 of Section 29-48-12 W5M. The 100 percent cost to drill and test the
Nisku are estimated at approximately $2,000,000.
The drilling target is a geologically-delineated, northwest-to-southeast Nisku
reef trend in which optimum porosity has been identified geophysically.
Geology shows a minimum 140 metres of Nisku formation on Section 29, where the
Gulf/Prairie Pacific/Inspan well is being drilled.
Section 31, offsetting the test, has produced in excess of 25 million barrels
of oil and 70 Bcf of gas. This includes 16 million barrels and 30 Bcf of gas
from 11-31-48-12 W5M, where the Nisku interval is 105 metres thick and
production rates have exceeded 7,000 barrels and 15 million cubic feet of gas
per day.
"Prairie Pacific's participation in this well, using its own cash resources,
is convincing evidence that recent corporate development has strengthened the
Company, financially and operationally, for significant growth and expansion,"
said Malcolm F. Todd, its President.
For further information, please contact:
PRAIRIE PACIFIC ENERGY CORPORATION
Malcolm F.W. Todd, President
Tel: (403) 237-6761
(604) 684-2356
The Alberta Stock Exchange has neither approved nor disapproved the
information contained herein.
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