NEWS BULLETIN

July 08, 2002 --- Vol. 8, No. 70July 2002

Evergreen applies to drill coal core wells near Delta Junction

Evergreen Resources Alaska Corp., a subsidiary of Evergreen Resources Inc. of Denver, Colo., has applied to the Department of Natural Resources to drill two mineral core wells on shallow gas leases near Delta Junction.

"The purpose of the coring project," Evergreen told the state, "is to gain geological information on the rock formations penetrated during the drilling and to recover coal cores for further laboratory testing…

"If the project is successful in finding coal with the right properties, Evergreen may pursue unitization, which is the first step necessary for shallow natural gas exploration and development."

Evergreen farmed into 333,415 acres of state shallow gas leases near Delta Junction in May, 2001. The leases are south of the Richardson Highway northwest of Big Delta and straddle the highway at Delta Junction.

Very little geologic work has been done in this part of the Nenana basin to date: "No one can say with any degree of certainty whether economic accumulations of natural gas exist," the company said.

Evergreen said that late this summer it will undertake a six to eight week program to gather initial geologic and geophysical data: drilling two small diameter core holes; geologic mapping of exposed rock formations; an airborne geophysical survey to collect gravity and magnetic data.

The geologic mapping program will consist of a team of three to five geologists "looking at and making measurements from outcrop." There will be no on-site field camps.

Tony Meyer Anadarko's new head of Alaska operations

Anadarko Petroleum Corp. announced three executive management changes today, two of them related to the company's Alaska operations.

Rex Alman, currently senior vice president, domestic operations, has been named senior vice president, Algeria, and managing director of Anadarko Algeria Co. LLC (a wholly owned subsidiary of APC), replacing Tony Meyer.

Mark Pease, currently vice president, international and Alaska operations, has been named vice president, domestic operations, replacing Alman.

Tony Meyer, currently vice president, Algeria, and managing director of Anadarko Algeria Company LLC, has been named vice president, international and Alaska operations, replacing Pease.

All three will report to Bill Sullivan, executive vice president, exploration and production.

"The North Slope of Alaska is a major focus of Anadarko's frontier exploration efforts, and we're targeting both oil and natural gas reserves. Anadarko also has one of the largest acreage positions in Alaska, with access to more than 4.8 million acres, and in partnership with Phillips Alaska, we produce 100,000 barrels of oil a day from Alpine," Sullivan said. "Besides Alaska, Tony Meyer will oversee Anadarko's recent expansion in the Middle East, where we have assumed operatorship of a large producing field in Qatar and have a good acreage position from which to explore. Tony will also lead exploration and development activities in several emerging international areas."


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