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 firstname.lastname@example.org/ (ENL. ECA) CO: Encal Energy Ltd. ST: Alberta IN: OIL SU: -30- -0- Feb/02/2001 17:20 GMT
Encal Energy Ltd.