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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (11379)6/22/1998 4:15:00 PM
From: Kerm Yerman  Read Replies (1) of 15196
 
PROPERTY DISPOSITION / Endless Energy Sell's Jenner Property

ENDLESS ENERGY CORP. - COMPANY UPDATE
Date: 6/22/98 1:00:16 PM
Stock Symbol: EEC

ENDLESS ENERGY CORP. ("The Company") "EEC" on the Alberta Stock Exchange has
accepted an offer from a third party to sell their Jenner Property located in
southeastern Alberta fro $1,175,000.00 Canadian. The sale is subject to
certain conditions including board approval of the purchaser and a
satisfactory title and environmental review by the purchaser. The property
represents 14.7% of the total reserves and 23.2% of total production of the
Company. Proceeds from the sale will be used to eliminate the Company's debt.

Endless Energy still retains 14 properties located in Alberta and British
Columbia comprising more than 56,000 gross acres. Following the sale the
Company will retain 96 BOES/day.
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