Rival Resources, Inc. Continues to Pursue Funding for Carbon Dioxide Sequestration Technology in Washington State; Retains Public Relations Company, Northwest Strategies

TRADING SYMBOL: EAS



Apr 24, 2001, 01:00 ET from Epic Oil and Gas Ltd.

    VANCOUVER, April 24 /PRNewswire/ - Rival Resources, Inc. ("Rival"), a
 wholly owned U.S. subsidiary of Epic Oil and Gas Ltd. ("Epic"), has decided to
 continue pursuing grant monies from the U.S. Department of Energy ("DOE") and
 other possible sources for development of carbon dioxide sequestration
 technology in Washington State. This decision has been made after the DOE
 recently notified Rival that it has not been selected in the latest round of
 award applications. As part of this renewed effort Rival has retained
 Northwest Strategies to help build political support for this project.
     The letter of notification received from the DOE cites both the strengths
 and weaknesses of Rival's proposal. The strengths are that the proposal shows
 a "good understanding of CBM production and its potential for enhancement by
 CO2 sequestration". The DOE letter also notes that the Rival technical team
 appears to be strong and that this technology has a huge potential to provide
 a low cost means of sequestering carbon dioxide in the U.S. The main reasons
 stated for not selecting Rival were concerns over the character of the coals
 and the geological setting of the coals in a "marginal basin" such as the
 Bellingham Basin and that Washington State was not known for coalbed methane
 production. Further, the DOE cited the lack of an industrial partner as a
 weakness of the Rival application.
     In the opinion of Rival's management and the technical team that made the
 proposal, the reasons cited by the DOE can be overcome. Furthermore, the DOE
 has increased its budget request for carbon dioxide sequestration projects to
 US$20.7 million for the 2002 fiscal year. Consequently, Rival has retained
 Northwest Strategies of Seattle, Washington, to assist its efforts to secure
 grant monies from the DOE and possibly other sources for this project.
     Northwest Strategies is a full service communications company that
 specializes in strategic planning, program development, communications and
 public relations in the areas of public affairs and government relations.
 Northwest Strategies has a strong presence in the State of Washington as well
 as Washington D.C. Part of the Northwest Strategies team working with Rival
 will be Mr. Ron Dotzauer. Mr. Dotzauer is well known in the State of
 Washington for managing a number of successful, high profile, political
 campaigns including those for the late Senator Scoop Jackson, Governor Booth
 Gardner and, most recently, U.S. Senator Maria Cantwell. Northwest Strategies
 is also associated with various lobbying groups in Washington D.C. including
 the company of Morgan McGuire who have strong connections to the Department of
 Energy.
     The initial goal is for Rival and Northwest Strategies to build local
 support for the carbon dioxide sequestration program by meeting and explaining
 the details of the project to county planning authorities and local business
 leaders. This process has already been started and efforts will continue.
 Strong local support, it is believed, can then be converted into political
 support for Rival's project in Washington D.C.
     In addition to this project, Rival is also actively exploring parts of
 the Bellingham Basin for conventional natural gas in areas where production
 has been significant in the past.
     For further information please call our Toll Free number 1-888-943-9414
 and visit Epic's newly designed webpage at www.epic-eas.com.
 
     On behalf of the Board of Directors,
 
     Epic Oil and Gas Ltd.
 
     "Michael J. Hopley"
     President
 
     THE CDNX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
 ADEQUACY OR ACCURACY OF THIS RELEASE.
 
 

SOURCE Epic Oil and Gas Ltd.
    VANCOUVER, April 24 /PRNewswire/ - Rival Resources, Inc. ("Rival"), a
 wholly owned U.S. subsidiary of Epic Oil and Gas Ltd. ("Epic"), has decided to
 continue pursuing grant monies from the U.S. Department of Energy ("DOE") and
 other possible sources for development of carbon dioxide sequestration
 technology in Washington State. This decision has been made after the DOE
 recently notified Rival that it has not been selected in the latest round of
 award applications. As part of this renewed effort Rival has retained
 Northwest Strategies to help build political support for this project.
     The letter of notification received from the DOE cites both the strengths
 and weaknesses of Rival's proposal. The strengths are that the proposal shows
 a "good understanding of CBM production and its potential for enhancement by
 CO2 sequestration". The DOE letter also notes that the Rival technical team
 appears to be strong and that this technology has a huge potential to provide
 a low cost means of sequestering carbon dioxide in the U.S. The main reasons
 stated for not selecting Rival were concerns over the character of the coals
 and the geological setting of the coals in a "marginal basin" such as the
 Bellingham Basin and that Washington State was not known for coalbed methane
 production. Further, the DOE cited the lack of an industrial partner as a
 weakness of the Rival application.
     In the opinion of Rival's management and the technical team that made the
 proposal, the reasons cited by the DOE can be overcome. Furthermore, the DOE
 has increased its budget request for carbon dioxide sequestration projects to
 US$20.7 million for the 2002 fiscal year. Consequently, Rival has retained
 Northwest Strategies of Seattle, Washington, to assist its efforts to secure
 grant monies from the DOE and possibly other sources for this project.
     Northwest Strategies is a full service communications company that
 specializes in strategic planning, program development, communications and
 public relations in the areas of public affairs and government relations.
 Northwest Strategies has a strong presence in the State of Washington as well
 as Washington D.C. Part of the Northwest Strategies team working with Rival
 will be Mr. Ron Dotzauer. Mr. Dotzauer is well known in the State of
 Washington for managing a number of successful, high profile, political
 campaigns including those for the late Senator Scoop Jackson, Governor Booth
 Gardner and, most recently, U.S. Senator Maria Cantwell. Northwest Strategies
 is also associated with various lobbying groups in Washington D.C. including
 the company of Morgan McGuire who have strong connections to the Department of
 Energy.
     The initial goal is for Rival and Northwest Strategies to build local
 support for the carbon dioxide sequestration program by meeting and explaining
 the details of the project to county planning authorities and local business
 leaders. This process has already been started and efforts will continue.
 Strong local support, it is believed, can then be converted into political
 support for Rival's project in Washington D.C.
     In addition to this project, Rival is also actively exploring parts of
 the Bellingham Basin for conventional natural gas in areas where production
 has been significant in the past.
     For further information please call our Toll Free number 1-888-943-9414
 and visit Epic's newly designed webpage at www.epic-eas.com.
 
     On behalf of the Board of Directors,
 
     Epic Oil and Gas Ltd.
 
     "Michael J. Hopley"
     President
 
     THE CDNX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE
 ADEQUACY OR ACCURACY OF THIS RELEASE.
 
 SOURCE Epic Oil and Gas Ltd.