CANADIAN-SOVIET JOINT VENTURE TURNS A PROFIT

A Calgary company reports it is marketing crude oil and earning profits from a joint venture in the Soviet Union. Canadian Fracmaster Ltd. is a partner in an enhanced production and marketing operation in the Ob River area of Siberia with the Royal Dutch/Shell Group and the Soviet Ministry of Oil. Fracmaster Pres. Ron Bullen said the company has recouped its initial investment after 2 years and is starting to produce a substantial-but undisclosed-profit from operations. Fracmaster agrees to

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