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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Kerm Yerman who wrote (4928)	4/14/1998 8:06:00 AM
From: Kerm Yerman	Read Replies (1) of 24921

All / Maxx Petroleum I found the following announcement interesting. Maxx is a company I have been following for quite some time. I agree with the basic assessment or objective of consolidating shares as outlined below. I like the company. If shares fall back after consolidation (normal trait after consolidation) I will be a buyer. Anyone else follow the company? --------------------------------------------------------------------- "Maxx Petroleum Ltd. will place a resolution before its annual meeting one for four basis," Burl Aycock, Chairman and Chief Executive Officer announced today. It is Management's view that on a consolidated basis, investors will be able to more accurately compare the Company's relative performance to its peers. It is also Management's view that after consolidation the Company's shares will appeal to a broader range of investors since the trading value of the shares should exceed minimum margin requirements. To date, Maxx has approximately 56 million common shares. Following the consolidation, the Company will have approximately 14 million shares issuedand outstanding.

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