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NEWS BULLETIN

November 11, 2002 --- Vol. 8, No. 117November 2002

Pelican Hill acquires 21,543-acre farmout from Unocal

Pelican Hill Oil and Gas Inc. said today that it has acquired a farmout of a block of acreage on the west side of Cook Inlet from Unocal. Pelican Hill said the acreage is onshore in township 9 north, ranges 14 west and 15 west, Seward Meridian, and totals 21,543 acres.

The company said it plans to immediately begin the exploration of this block, known as the Iliamna prospect, which lies onshore approximately six miles west of the giant McArthur River field, which has been producing oil and gas since the mid-1960s.

Pelican Hill is a California-based independent oil and gas operator. It has been operating in Kansas for more than 20 years and began its Alaska operations 18 months ago. Pelican Hill also has 36,684 acres of Mental Health Trust Land leases in the general area of the Beluga River and Nicolai Creek fields, and is also continuing the exploration of those leases.

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