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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (7884)12/11/1997 9:06:00 PM
From: Arnie  Read Replies (1) of 15196
 
CORP. / PanCanadian Petroleum names New President of National Gas
and Electric

CALGARY, Dec. 11 /CNW/ - PanCanadian Petroleum Limited is pleased to
announce the appointment of W. Craig Elias as President of the company's U.S.
marketing arm, National Gas & Electric L.P. in Houston, Tex.

Elias joins NG&E after holding several senior posts in the gas marketing
business, most recently as President and Chief Operating Officer of NorAm
Energy Services, Inc. of Houston. His 25-year career has included several
executive positions in The Coastal Corporation of Houston.

''We are delighted to have attracted such an experienced and
entrepreneurial executive to lead our North American marketing operations,''
said Nancy Laird, PanCanadian's Group Vice President Marketing. ''Together
with PanCanadian's tremendous production capacity and Canadian marketing
expertise, we are confident Craig will grow our gas and electric sales across
the continent.''

''PanCanadian enjoys a strong reputation for profitable growth and I plan
to continue that tradition as the company builds its energy marketing presence
across North America,'' Elias said.

National Gas & Electric is a rapidly growing marketer and trader of
natural gas and electricity in all major regions of the United States. With
regional offices in Chicago, Ill., San Francisco, Calif., Madison, Wis.,
Mobile, Ala., Austin, Tex. and Atlanta, Ga., NG&E has widespread market reach
and sells more than one billion cubic feet of gas per day.

PanCanadian is one of Canada's largest producers and marketers of crude
oil, natural gas and natural gas liquids. Its extensive exploration and
production activities stretch from coast to coast in Canada and include a
variety of international interests in the Gulf of Mexico, the United Kingdom,
Australia, South Africa and Venezuela.

PanCanadian Petroleum Limited
Nancy Laird
Group Vice President Marketing
PanCanadian Petroleum Limited

Shares Listed - Symbol: PCP
Toronto Stock Exchange
Alberta Stock Exchange
Montreal Exchange
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