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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (8875)	2/6/1998 12:13:00 AM
From: Kerm Yerman	of 15196

PROPERTY ACQUISITION / Onward Energy Inc. Increases Working Interest At Joffre ONWARD ENERGY INC. INCREASES ITS WORKING INTEREST IN THE JOFFRE PROPERTY CALGARY, Feb. 5 /CNW/ - Onward Energy Inc. has agreed to acquire an additional 31.4% interest in the Joffre Viking 'D' Pool Unit in the Joffre area of Alberta. The purchase price is $60,000 with an effective date of December 1, 1997. The Acquisition increases Onward's interest in the Unit to 74.1% and adds approximately 7 barrels per day of oil to the company's existing production base. Onward's current oil production is approximately 80 barrels per day.

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