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Gold/Mining/Energy : Pemberton Energy (V.PBT)

PBT 18.43

+2.0%

Oct 30 5:00 PM EST

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To: Sieg who wrote (32)	10/21/1999 6:55:00 PM
From: David Parkinson	of 38

I have to type this out because it was faxed to me . The company is pleased to announce that the Alberta Utility Energy Board has issued permit aprroval #33379 to CPT pemberton Technologies Ltd. This permit allows the Company to construct 1.1km of 4.5 inch pipeline and to tie in to an existing pipeline, thereby send oil to a facilities of a nearby producer who will clean, de-water and place the Company's clean oil directly into the Provincial sales lines. They will also dispose of surplus water. Cost on these services will be approx. $1.00 US / barrel. Construction of this line is expected to be complete on Oct.25 1999, and tie in to the main line Oct 26 1999 placing the Company into production and cash flow. I typed this the best I could so there may be some technical words I missed out on. But you get the message. David

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