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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (8963)	2/11/1998 11:08:00 PM
From: Arnie	of 15196

FINANCING / Scimitar Hydrocarbons Extends Special Warrants CALGARY, Feb. 11 /CNW/ - Scimitar Hydrocarbons Corporation (SIY) is pleased to announce that it has extended to May 29, 1998, the expiry date of outstanding purchase warrants which currently expire on March 30, 1998. There are currently 3.3 million warrants outstanding, each entitling the holder thereof to purchase one common share at $1.25. Headquartered in Calgary, Canada, Scimitar's current projects include a heavy oil development in Egypt, gas and liquids exploration and exploitation in the United Arab Emirate of Ajman, gas exploration in Mozambique, petroleum product marketing in eastern Africa and exploration in western Canada.

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