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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (12888)	10/19/1998 2:15:00 PM
From: Kerm Yerman	Read Replies (2) of 15196

EARNINGS / A & B Geoscience Corp 9mo results; financing plans suspended A & B Geoscience Corporation Symbol ABG Shares issued 25,827,201 1998-10-15 close $0.4 Friday Oct 16 1998 Mr. Gerald Tuskey reports The company sustained a loss of $1,696,124 on gross revenues of $11,497,113 - an increase in revenues of $8,942,216 over the same period in 1997. As a result of continuing weakness in the equity markets, the company has suspended its plans to complete a prospectus financing. The company is actively pursuing debt financing alternatives for financing the initial development costs of the Southwest Gobustan concession in the Azerbaijan Republic. The company is also in discussion with a number of potential industry partners interested in farming into the concession. Management of Commonwealth Oil & Gas Company is in the process of completing a development plan and joint operating agreement for the Southwest Gobustan concession with ARCO/Union Texas Petroleum's operations team. Initial exploration will begin on the concession in 1999.

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