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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (11149)	6/9/1998 3:44:00 PM
From: SofaSpud	of 15196

LEGAL / Black Sea Energy Proceedings Continue BLACK SEA ENERGY CONTINUES DISCUSSIONS TO RESOLVE OIL FIELD ISSUES ÿÿÿ VANCOUVER, June 9 /CNW/ - Further to the Company's press release of May 21, 1998, Black Sea reports that discussions with Tyumen Oil Company (''TOC'') are continuing. ÿÿÿ The legal proceedings commenced in the Russian arbitration court against Tura Petroleum Limited have been postponed until August 3, 1998. ÿÿÿ Tura Petroleum Limited is a Russian Joint Stock Company, 50% owned indirectly by Black Sea Energy Ltd. and 50% owned by Tyumenneftegaz, a 51% subsidiary of TOC. ÿÿÿ -0-ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 06/09/98 For further information: Peter Meredith (604) 331-9831

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