CALGARY, Feb. 2 /PRNewswire/ - In response to unusual trading activity in
the common shares of Encal Energy Ltd., Encal advises that it is in
preliminary discussions with a party regarding a possible combination. The
company routinely evaluates all of its alternatives on a continuing basis. No
assurance can be given that an agreement within respect to any transaction
will be reached or that a transaction will be consummated.
Encal Energy Ltd. is a Calgary-based public oil and gas company with core
operations in northeastern British Columbia and west central Alberta. The
Company focuses on growth through drilling, primarily directed toward natural
gas targets. The Company is listed on the Toronto Stock Exchange (symbol ENL)
and the New York Stock Exchange (symbol ECA).
SOURCE Encal Energy Ltd.
/CONTACT: David D. Johnson, President and Chief Executive
Officer or Steven A. Allaire, Vice President Finance and Chief Financial
Officer, Tel: (403) 750-3300, fax (403) 266-2337, E-Mail email@example.com/
CO: Encal Energy Ltd.
-0- Feb/02/2001 17:20 GMT
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