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To: SargeK who wrote (51023)	9/13/1999 11:47:00 AM
From: SargeK	Read Replies (1) \| Respond to of 95453

Instinet Can anyone of you access Instinet to determine if there is institutional trading of HMARQ? If so, will you provide particulars? TIA SargeK

To: SargeK who wrote (51023)	9/19/1999 9:02:00 PM
From: Razorbak	Respond to of 95453

HMARQ Debate Sarge: You might find this recent news from Hurricane Hydrocarbons (HHLAF) of interest, since it just recently went into bankruptcy protection in Canada. Of course, this is just an example of how shareholders often end up getting diluted in a bankruptcy proceeding. It doesn't necessarily mean that the same will happen to HMARQ shareholders. Razor Hurricane Hydrocarbons Ltd. - Proposed Plan of Arrangement CALGARY, Sept. 14 /CNW/ - Hurricane Hydrocarbons Ltd. ("Hurricane") announces that, following discussions with representatives of the Bondholder Liaison Group, a group which has indicated to Hurricane that it represents the holders of more than two thirds of each of Hurricane's outstanding U.S. dollar and Canadian dollar bonds, the company intends to file a Plan of Arrangement in the Alberta Court of Queen's Bench on September 20, 1999. This proposed plan will provide for the conversion of all amounts owing to the pre-petition unsecured creditors, including bondholders, of Hurricane Hydrocarbons Ltd. and its Canadian subsidiary, Hurricane Overseas Services Inc. The plan will not affect creditors of Hurricane's operating subsidiary in Kazakhstan, Hurricane Kumkol Munai ("HKM") who will be paid by HKM in the ordinary course. Under the terms of the proposed plan, the creditors will receive common shares ("Common Shares") of Hurricane Hydrocarbons Ltd. which will represent 97% of the total shares outstanding after their issuance. Existing holders of Common Shares (the "Current Shareholders"), in addition to retaining 3% of the outstanding shares, will each receive warrants entitling them to receive additional Common Shares in the future in the event the market value of Hurricane should exceed certain levels. For each Common Share held, the Current Shareholders will receive: 1. 1.7544 first series warrants to acquire one share of Hurricane exercisable within 3 years of the plan implementation date having a strike price referenced to a $225,000,000 U.S. market value for Hurricane; and 2. 3.8986 second series warrants to acquire one share of Hurricane exercisable within 3 years of the plan implementation date having a strike price referenced to a $275,000,000 U.S. market value for Hurricane. Hurricane currently has 44,512,359 Common Shares outstanding. Hurricane's shares are traded on the Alberta and Toronto Stock Exchanges under the symbol HHL.A and its website can be accessed at hurricane-hhl.com. The Toronto Stock Exchange and Alberta Stock Exchange have neither approved nor disapproved the information contained herein. For further information: please contact: Ihor P. Wasylkiw, Director Investor Relations, (403) 221-8658; Richard P. Norris, Vice President Finance and Chief Financial Officer, (403) 221-8431 HURRICANE HYDROCARBONS LTD. has 64 releases in this database. newswire.ca