Three Calgary companies have started a 2 year exploratory drilling program in Northeast British Columbia. Bow Valley Industries Ltd. agreed in principle to explore the area with Canadian Hunter Exploration Ltd. and Esso Resources Canada Ltd. The companies expect to sign a formal agreement by Mar. 31. Esso and Hunter have conducted joint geological and geophysical exploration in the area for 18 months. Bow Valley committed to spend $20 million and could spend as much as $30 million for drilling

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