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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (13901)11/28/1998 5:24:00 AM
From: Kerm Yerman  Read Replies (2) of 15196
 
PROPERTY ACQUISITION / Genesis Exploration Ltd. Completes Acquisition

CALGARY, Nov. 25 /CNW/ - Genesis Exploration Ltd. today closed the
previously announced agreement to acquire an average 93% working interest in
an oil producing property and approximately 21% interest in a 20 mmcf/d gas
processing plant in the Sturgeon Lake area of northwestern Alberta. The
purchase price subject to post closing adjustments was $31 million.
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