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Gold/Mining/Energy : KOB.TO - East Lost Hills & GSJB joint venture -- Ignore unavailable to you. Want to Upgrade?

To: johnlag who wrote (3122)	6/28/1999 12:09:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 15703

John, My interest in TRIL is due to my long term holdings of CWQ. If CWQ gets part of the play as indicated I will hope for the best. Re timing - I know our ELH boys are hard at it. July would be wonderful. Also, I know that only one place has proven that there is something there - and we are going there! Cheers - Interesting though how TRIL has jumped and is up again today. Bob

To: johnlag who wrote (3122)	6/28/1999 10:16:00 PM
From: Bearcatbob	Read Replies (1) \| Respond to of 15703

John, What does this mean - sounds like a lot of entropy with no real change. Bob Mon 28 Jun 99 Acquisition Also Trimark Oil & Gas Ltd (TMK) The Vancouver Stock Exchange has accepted for filing a letter of intent dated Feb. 25, 1999, between Hilton Petroleum Ltd. and Berkley Petroleum Corp., a letter of intent dated Feb. 26, 1999, between Hilton and Trimark Oil & Gas Ltd., and a purchase and sale agreement dated June 15, 1999, between Hilton and Trimark (collectively the agreements). Pursuant to the terms of the agreements, Hilton will acquire from Berkley a 7-per-cent capital interest in the Greater San Joaquin Basin joint venture for $2.45-million (U.S.) in cash. In addition, Hilton will acquire a 1.225-per-cent working interest in the East Lost Hills property from Berkley, which will revert back to Armstrong Resources LLC upon payout of the purchase price from East Lost Hills production. Trimark will acquire from Berkley a 4-per-cent capital interest in the Greater San Joaquin joint venture for $1.45-million (U.S.) in cash. Trimark will also acquire a 0.7-per-cent working interest in the East Lost Hills property, which will revert back to Armstrong upon payout of the purchase price from East Lost Hills production. Trimark will assign its 0.7-per-cent reversionary working interest in East Lost Hills to Hilton, and Hilton will assign a 1-per-cent non-reversionary working interest in East Lost Hills to Trimark. In consideration, Hilton will receive from Trimark $600,000 (U.S.) in cash, and 1.16 million shares of Trimark. Hilton and Trimark will also pay their proportionate share of the costs to drill three wells within the San Joaquin joint venture. (c) Copyright 1999 Canjex Publishing Ltd. c