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Gold/Mining/Energy : KERM'S KORNER

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To: Kerm Yerman who wrote (15122)	2/3/1999 9:27:00 PM
From: Kerm Yerman	Read Replies (1) of 15196

CORP ANNOUNCEMENT / Remington Energy Issues Update CALGARY, Feb. 3 /CNW/ - At the request of the Toronto Stock Exchange, in light of recent trading patterns for its common shares, Remington Energy Ltd. advises that it is in receipt of a number of proposals from interested parties in respect to possible transactions with Remington. These proposals are currently being reviewed by Remington with its financial advisor and it is conducting negotiations with respect to one or more of such proposals. On December 15, 1998, Remington announced that it had retained the services of FirstEnergy Capital Corp. to advise it with respect to strategic alternatives to enhance shareholder value.

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