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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (15079)1/29/1999 12:40:00 AM
From: Kerm Yerman  Read Replies (21) of 15196
 
ENERGY TRUSTS / PrimeWest Energy Trust Extends Offers For Starcor And Orion

CALGARY, Jan. 29 /CNW/ - PrimeWest Energy Trust (PrimeWest) today
announced that it has extended its offers to purchase the outstanding units of
Starcor Energy Royalty Fund (Starcor), and Orion Energy Trust (Orion). The
time during which the offers are open for acceptance has been extended from
11:59 PM Alberta time on January 29, 1999 to 11:59 PM Alberta time on February
9, 1999.

The extensions were made to enable PrimeWest to evaluate its options in
light of a business combination agreement, a copy of which was recently
received by PrimeWest, that sets out details of a proposed combination of
Starcor and Orion and ARC Energy.

The units of PrimeWest, Starcor, and Orion are traded on the Toronto
Stock Exchange under the symbols ''PWI.UN'', ''STR.UN'', and ''OET.UN''
respectively. The PrimeWest website is www.prime-west.com.

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