Hilton Petroleum Updates Mica Prospect

Apr 23, 2001, 01:00 ET from Hilton Petroleum Ltd.

    BAKERSFIELD, Calif., April 23 /PRNewswire Interactive News Release/ --
 Hilton Petroleum Ltd. (OTC Bulletin Board:   HTPTF) (CDNX: HTP), operator of the
 Mica prospect, announced today that after logging the Mica 1-17, it has been
 determined that the well is outside the channel limits. The well has been
 suspended for possible future sidetracking.
     Hilton Chairman and CEO, Don Busby, says, "We feel that the prospect is
 still viable and that the economics support the Mica 1-17 and a second well.
 However, the bottom hole location needs to be shifted by approximately 1,500
 feet.  All indications during drilling support that the faults are showing
 signs of having sealing capability."
     The Mica well represents approximately a $150,000 expenditure to Hilton.
     The Mica Prospect, is one of five prospects scheduled for drilling in 2001
 that are outside of the East Lost Hills and the Greater San Joaquin Basin
 Joint Ventures.  Sequoia, the next prospect in the 2001 drilling program, is
 expected to spud by the end of April.
     Hilton, as the operator, holds a 23.33 percent working interest in the
 five prospects.  Public company partners with Hilton Petroleum in the Mica
 Prospect are Trimark Oil & Gas Ltd. (OTC Bulletin Board:   TOGSF) (CDNX: TMK)
 and Westone Ventures Inc. (CDNX: WTV).
     Hilton Petroleum Ltd. is a Canadian company engaged in exploration,
 development and production of natural gas and crude oil. The company's
 headquarters is in Vancouver, BC Canada, with a U.S. field office in
 Bakersfield, CA.  Hilton's common shares are listed on the Canadian Venture
 Exchange under the symbol HTP and in the United States on the OTC Bulletin
 Board as HTPTF. Additional information about Hilton can be found at its
 Internet Web site: www.hiltonpetroleum.com; or by contacting Des O'Kell in
 Canada at 1-888-303-3361 or Bob Jordan in the United States at 1-888-948-0075
 or hilton@mdcgroup.com.
      Except for the historical statements contained herein, this news release
 presents forward-looking statements that involve risks and uncertainties.
 Although the management and officers of Hilton Petroleum Ltd. believe that the
 expectations reflected in such forward-looking statements are based upon
 reasonable assumptions, they give no assurance that their expectations will be
 achieved. Certain risks and uncertainties inherent in the company's operations
 include political, economic, environmental and geological issues, including
 but not limited to, the continued need for additional capital, the competition
 within the oil and gas industry, the price of oil and gas, currency
 fluctuations, and other risks detailed from time to time in the company's
 periodic reports filed with the British Columbia Securities Commission and the
 Untied States Securities and Exchange Commission.  The Canadian Venture
 Exchange has not reviewed and does not accept responsibility for the adequacy
 or accuracy of this release.
 
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SOURCE Hilton Petroleum Ltd.
    BAKERSFIELD, Calif., April 23 /PRNewswire Interactive News Release/ --
 Hilton Petroleum Ltd. (OTC Bulletin Board:   HTPTF) (CDNX: HTP), operator of the
 Mica prospect, announced today that after logging the Mica 1-17, it has been
 determined that the well is outside the channel limits. The well has been
 suspended for possible future sidetracking.
     Hilton Chairman and CEO, Don Busby, says, "We feel that the prospect is
 still viable and that the economics support the Mica 1-17 and a second well.
 However, the bottom hole location needs to be shifted by approximately 1,500
 feet.  All indications during drilling support that the faults are showing
 signs of having sealing capability."
     The Mica well represents approximately a $150,000 expenditure to Hilton.
     The Mica Prospect, is one of five prospects scheduled for drilling in 2001
 that are outside of the East Lost Hills and the Greater San Joaquin Basin
 Joint Ventures.  Sequoia, the next prospect in the 2001 drilling program, is
 expected to spud by the end of April.
     Hilton, as the operator, holds a 23.33 percent working interest in the
 five prospects.  Public company partners with Hilton Petroleum in the Mica
 Prospect are Trimark Oil & Gas Ltd. (OTC Bulletin Board:   TOGSF) (CDNX: TMK)
 and Westone Ventures Inc. (CDNX: WTV).
     Hilton Petroleum Ltd. is a Canadian company engaged in exploration,
 development and production of natural gas and crude oil. The company's
 headquarters is in Vancouver, BC Canada, with a U.S. field office in
 Bakersfield, CA.  Hilton's common shares are listed on the Canadian Venture
 Exchange under the symbol HTP and in the United States on the OTC Bulletin
 Board as HTPTF. Additional information about Hilton can be found at its
 Internet Web site: www.hiltonpetroleum.com; or by contacting Des O'Kell in
 Canada at 1-888-303-3361 or Bob Jordan in the United States at 1-888-948-0075
 or hilton@mdcgroup.com.
      Except for the historical statements contained herein, this news release
 presents forward-looking statements that involve risks and uncertainties.
 Although the management and officers of Hilton Petroleum Ltd. believe that the
 expectations reflected in such forward-looking statements are based upon
 reasonable assumptions, they give no assurance that their expectations will be
 achieved. Certain risks and uncertainties inherent in the company's operations
 include political, economic, environmental and geological issues, including
 but not limited to, the continued need for additional capital, the competition
 within the oil and gas industry, the price of oil and gas, currency
 fluctuations, and other risks detailed from time to time in the company's
 periodic reports filed with the British Columbia Securities Commission and the
 Untied States Securities and Exchange Commission.  The Canadian Venture
 Exchange has not reviewed and does not accept responsibility for the adequacy
 or accuracy of this release.
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X52957872
 
 SOURCE  Hilton Petroleum Ltd.