TMX group

CALGARY, June 28 /CNW/ - Media are invited to join Husky Energy at a
sailaway ceremony for the SeaRose FPSO (floating production, storage and
offloading) vessel on Monday, July 4, 2005 at the Cow Head Fabrication
Facility in Marystown, Newfoundland and Labrador. Media will have an
opportunity to attend a technical briefing on the operation of this highly
specialized vessel, participate in a news conference with senior Husky
representatives and government officials, and tour the SeaRose FPSO before she
leaves Marystown for the White Rose oil field.
Husky Energy owns 72.5 percent of the White Rose project and is the
operator. Peak production for the White Rose oil field is projected to be
100,000 barrels per day. Husky's share of proved and probable reserves for the
field is estimated at 165 million barrels of recoverable oil.

Note to Editors:

-  Media attending the event are asked to meet at the Hotel Marystown at
   9:15 a.m. on Monday, July 4, 2005.

-  Media unable to attend the event are invited to participate in a
   conference call on Monday, July 4, 2005 at 1:45 p.m. NL time
   (12:15 p.m. Eastern time) by dialing 1-800-396-0424, beginning at
   12:05 p.m. Eastern time, reservation number 21250333.

-  A press release as well as B-roll videotape and photographs of the
   SeaRose FPSO will be distributed on CNW Group on Monday,
   July 4, 2005.

For more information on Husky Energy and the White Rose offshore oil
project, visit www.huskyenergy.ca.
Husky Energy is a Canadian based, integrated energy and energy-related
company headquartered in Calgary, Alberta. Husky Energy is publicly traded on
the Toronto Stock Exchange under the symbol HSE.

Certain statements contained in this presentation, including statements
which may contain words such as "could", "expect", "believe", "will",
"projected", "estimated" and similar expressions and statements relating to
matters that are not historical facts are forward-looking statements and are
based on Husky's current belief as to the outcome and timing of such future
events. Actual future results may differ materially. Husky's annual report to
shareholders and other documents filed with securities regulatory authorities
describe the risks, uncertainties and other factors, such as changes in
business plans and estimated amounts and timing of capital expenditures,
drilling results and changes in estimates of future production that could
influence actual results.
The Company's disclosure of proved oil and gas reserves and other
information about its oil and gas activities has been made based on reliance
of an exemption granted by the Canadian Securities Administrators. The
exemption permits the Company to make these disclosures in accordance with
requirements in the United States. These requirements and, consequently, the
information presented may differ from Canadian requirements under National
Instrument 51-101, "Standards of Disclosure for Oil and Gas Activities." The
proved oil and gas reserves disclosed in this presentation have been evaluated
using the U.S. standards contained in Rule 4-10 of Regulation S-X of the
Securities Exchange Act of 1934. The probable (and other classes) oil and gas
reserves disclosed in this presentation have been evaluated in accordance with
the Society of Petroleum Engineers.