Costa Energy Inc.

Costa Energy Inc. has retained Sayer Energy Advisors to sell certain assets in British Columbia. The package includes a nonoperated 33.34% interest in three producing gas wells at Boundary Lake. Net production is approximately 283,000 cubic feet of gas and 3.7 barrels of gas liquids for a total of approximately 50 barrels of oil equivalent per day. Proved and probable reserves are approximately 258 million cubic feet of gas and 3,300 barrels of gas liquids. For more information, contact Alan W. Tambosso, 403-266-6133.