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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (14106)	12/8/1998 8:56:00 AM
From: Kerm Yerman	of 15196

IN THE NEWS / Hurricane Hydrocarbons Ltd. Obtains Kazakhstan Ruling The oil exploration company said on Friday it had received a favourable ruling from Kazakhstan's anti-monopoly committee in relation to its case against the Shymkent refinery. Hurricane had complained about processing fees charged by the refinery, the mix of products it was receiving, and access to the refinery by third parties, which will allow Hurricane to sell crude directly to customers. Hurricane now has the right to refine an unlimited amount of crude and will have an "independent expert" assessing the product, the company said. It lost on the issue of processing fees but plans to appeal. Hurricane Hydrocarbons Ltd. (HHLa/TSE), closed up 22.4% or 37¢ to $2.02, on volume of 410,100 shares. Shares are climbd 34.7% since closing at $1.50 on Thursday.

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