KERM'S KORNER Message Board

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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (10302)	4/23/1998 9:46:00 PM
From: Arnie	of 15196

ENERGY TRUSTS / Taylor Gas Liquids Fund reports 1st 3 months Results CALGARY, April 23 /CNW / - The manager of the Taylor Gas Liquids Fund announced today a $0.22 per unit distribution payable on May 15, 1998 to unitholders of record on May 5, 1998. This is the Fund's second distribution during 1998 and is in respect of operations during the 3 months ended March 31, 1998. It is anticipated that the $0.22 per unit paid will not be currently taxable to recipients but will however reduce their adjusted cost base for Canadian income tax purposes. Production and product prices during the first quarter of 1998 averaged 9,000 barrels per day and $13.98 per barrel respectively (versus 8,800 barrels per day and $18.10 per barrel during the first quarter of 1997). These strong first quarter results will be tempered during the second quarter by decreased liquids revenue due to reduced world oil prices and increased costs due to strengthening replacement natural gas prices. Completion of the Younger plant expansion and pipeline connection is also scheduled for the second quarter. An estimated 3 week shut down to connect the expansion and a further estimated 2 weeks of production to line fill the new pipeline connection will reduce product sales during the quarter. Fund units trade on the Toronto Stock Exchange under the symbol TAY.UN.

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