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Gold/Mining/Energy : CDN. MOMO PUPPIES -- Ignore unavailable to you. Want to Upgrade?

To: The Osprey who wrote (10140)	10/3/1999 12:15:00 PM
From: The Osprey	Read Replies (1) \| Respond to of 36688

nationalpost.com

To: The Osprey who wrote (10140)	10/4/1999 8:09:00 AM
From: pete meyer	Read Replies (1) \| Respond to of 36688

What we ( or I believe) will see possibly this week is the hype first , then the deal signed regarding the news release of last year. Last year when released the stock shot up to 1.40 CDN , Oil prices were 11.50 US ..now at 24 US we could see a real spike. I believe all the buying last week was insiders and people close to the action loading up. Abacan Resource Corporation ABC TSE Add to Portfolio June 4, 1998 Letter of Intent for Benin Basin Gas & Electrical Generation Project ABACAN RESOURCE CORP ("ABC-T;ABRAF-L;ABACF-Q") - Letter of Intent for Benin Basin Gas & Electrical Generation Project Abacan Resource Corporation announces that its wholly owned subsidiary Abacan Power (Benin) Limited has entered into a binding Letter of Intent with Enron Benin Power Ltd., a subsidiary of the Enron Corporation, and the government of Benin, for the development, financing, construction and operation of an electrical generation Power Plant to be located in Cotonou, Benin, and a natural gas pipeline to supply natural gas to the Power Plant. The technical terms of the project are being finalized with the Communaute Electrique du Benin (CEB) of Benin and Togo. It is the intention of the parties to expand the sale of electricity to areas in the West-African sub-region. The required natural gas supply for the project will come from Abacan's gas reserves in the offshore Benin Basin. Abacan Power (Benin) Limited will have an ownership interest in the pipeline and power plant of up to 20 percent. Because of the present electricity supply crisis in the West-African sub-region, Enron and Abacan will be implementing the execution of the project as soon as practicable, targeting early to mid-1999 for start-up. Certain statements in this News Release constitute "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements involve risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. In particular, there is no assurance that the proposed electrical generation project will be completed or that the Corporation will be able to deliver the natural gas from its current concession blocks to the project as expected. TEL: (281) 721-0552 Abacan Resource Corporation Mr. Jim Harvey __________________________________