GULF CANADA STEPS UP PROGRAMS IN SUMATRA
Subsidiaries of Gulf Canada Resources Ltd. have signed a production sharing contract and a joint operating agreement covering two areas in the southern part of Sumatra, Indonesia. Indonesia's Pertamina and Gulfcan Sumatra Ltd. signed the 30 year production sharing contract covering a 1,450 sq mile block north of the Corridor block. A 6 year exploration agreement in which Gulf was a partner expired last year. There is no production on the block.