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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (15056)	1/27/1999 8:34:00 PM
From: Herb Duncan	Read Replies (1) of 15196

CORP / Harbour Responds to TCEL Actions TSE SYMBOL: HRP JANUARY 27, 1999 CALGARY, ALBERTA--Harbour Petroleum Company Limited is proceeding with its existing lawsuit against TransCanada Energy Ltd. (TCEL) and is confident in this initiative. On January 11th, 1999, TCEL affiliates filed two additional petitions in an attempt to supplement any deficiencies in TCEL's original petition for bankruptcy. Two of TCEL's affiliates purchased a portion of Harbour's trade payables from legitimate suppliers and filed these petitions. As a result, the hearing originally scheduled for January 21st, 1999 is now further delayed until February 23rd and 24th, 1999. Harbour is aggressively defending itself against TCEL's actions and is unfaltering in its desire to have all the facts judged. Harbour wishes to thank its trade creditors for their patience and is continuing to work towards a successful conclusion to the current situation for the shareholders and creditors. Harbour Petroleum Company Limited has 27,882,847 outstanding common shares and is listed on The Toronto Stock Exchange - symbol HRP.

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