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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10252)4/22/1998 12:06:00 AM
From: Arnie   of 15196
 
ENERGY TRUSTS / Starcor Energy Royalty Fund closes Acquisitions

CALGARY, April 21 /CNW/ - Starcor Energy Royalty Fund (TSE - STR.UN)
today announced the closing of the acquisition of an additional interest in
the Weyburn Unit for $8.3 million. This acquisition adds 2.78 million barrels
of Established Reserves based on its January 1, 1998 independent engineering
report. This is a material upward revision to the 1.78 million barrels of
additional added Established Reserves previously reported in the initial news
release issued December 23, 1997 and is related to an engineering reassessment
of the CO(2), miscible flood project underway in the Weyburn Unit. The
acquisition will add 265 BOE/day of incremental production.

This acquisition, effective April 1, 1998, which was financed from
Starcor's credit facility, increases Starcor's Reserve Life Index to 14.4
years on an Established basis. Starcor Energy Royalty Fund currently has 9.2
million Units outstanding and trades on the Toronto Stock Exchange under the
trading symbol STR.UN.
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