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Gold/Mining/Energy : WML Westminster Resources

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To: LaZappa who wrote (81)	5/6/1999 12:59:00 PM
From: Poseidonas	of 135

WML announces sale of natural gas assets. CALGARY (Dow Jones news 05-06-99) Westminster Resources Ltd. (T.WML) said it has signed a letter of intent to sell some producing natural gas assets in northeast British Columbia to an industry partner for C$14 million. In a news release, the company said the sale should close in late May. It said it will use the proceeds to increase its working capital and fund the initial new drilling activities on the San Joanquin Basin. The company said in April that it planned to sell some of its natural gas assets to invest in the San Joaquin projects in California, operated by Berkley Petroleum Corp. (T.BKP.)

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