NAPS Napster Group Plc

RNS Number:6038S
Aviva Petroleum Inc
16 October 2000


               AVIVA REPORTS ON COLOMBIAN PRODUCTION OPERATIONS

DALLAS, TEXAS, October 16, 2000 . . . .Aviva Petroleum Inc. (OTC BB -
"AVVPP.OB") reported today on the status of production activities in
Colombia.

The Company stated that the Trans-Andean pipeline, through which the
Company's oil production is transported, has been rendered inoperable by
recent attacks from leftist guerrillas operating in the southern provinces of
Colombia. As a result, the Company's oil sales have been suspended and the
producing wells are being systematically shut-in as onsite storage capacity
is fully utilised. The Company expects that within a few days all producing
wells will be shut-in.

These guerrilla attacks are part of wide-spread political unrest and fighting
affecting the southern regions of Colombia following the approval of "Plan
Colombia", a $7.5 billion plan to eradicate coca cultivation and stimulate a
legitimate economy. As a result of the political unrest in this area, the
Company cannot predict when the Trans-Andean pipeline will be operational or
when the Company's oil sales will resume.

Through its 22.1196% limited partnership interest in Argosy Energy
International, the Company has a 6.1935% revenue interest in gross production
from four fields which, prior to the attacks, were producing approximately
2,600 - 2,700 barrels of oil per day.

Aviva Petroleum is engaged in the exploration for and the development and
production of oil and gas in Colombia, offshore the United States and in
Papua New Guinea.

Safe Harbor for Forward-Looking Statements: Except for historical information
contained herein, the statements in this press release are forward-looking
statements that are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995. Forward-looking statements
involve known and unknown risks and uncertainties which may cause the
Company's actual results in future periods to differ materially from
forecasted results. These risks and uncertainties include, among other
things, general economic conditions, volatility of oil and gas prices, the
impact of possible geopolitical occurrences world-wide, imprecision of
reserve estimates, changes in laws and regulations, unforeseen engineering
and mechanical or technological difficulties in drilling or working-over
wells, and other risks described in the Company's Annual Report on Form 10-K
and other filings with the Securities and Exchange Commission.

Further Information:

Ron Suttill, Aviva Petroleum Inc., Dallas, Texas
214 691 3464

Grafico Azioni Napster (LSE:NAPS)
Storico
Da Giu 2024 a Lug 2024

Grafico Azioni Napster (LSE:NAPS)
Storico
Da Lug 2023 a Lug 2024