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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (4260)	12/3/1997 6:52:00 PM
From: Rudi	Read Replies (1) \| Respond to of 24928

Subject: Stockwatch: Diaz Resources Ltd - Acquisition Date: Wed, 03 Dec 1997 15:08:25 -0800 From: newsout@canada-stockwatch.com To: rrothbau@direct.ca Diaz Resources Ltd DAZ Shares issued 17,424,903 Dec 2 close $0.48 Wed 3 Dec 97 Acquisition The VSE has accepted for filing the company's farmout agreement with Orbit Oil & Gas Inc and FCP Petroleum Inc whereby the company will pay 25% of the drilling costs of the Cabeza Creek prospect well for a 33-1/3% working interest in the prospect. The company's drilling costs is expected to cost US$1,500,000. (c) Copyright 1997 Canjex Publishing Ltd. canada-stockwatch.com

To: Kerm Yerman who wrote (4260)	12/4/1997 3:54:00 PM
From: Kent C.	Respond to of 24928

ALL / Dec. 4 - WML.TSE - Significant Oil Discovery at Froude, Saskatchewan From: Subject 17869 Dec. 4 - WML.TSE - Significant Oil Discovery at Froude, Saskatchewan Westminster Resources Ltd. is pleased to report that the second well in the new Ordovician oil pool at Froude, Berkley et al Froude 4B2-32-8-10W2, drilled horizontally, production tested at rates of up to 4,200 BOPD with no water from the Ordovician Red River formation. The well will be produced at restricted rates of 2,600-3,000 BOPD of 42 degree API oil during December. Westminster has a 25 percent working interest in the Froude wells, Paramount Resources Ltd. has a 25 percent interest and Berkley Petroleum Corp., as operator, have a 50 percent interest. A third well is currently drilling at 1-28-8-10W2 and three further Ordovician development wells are planned. Commercial oil has also been found in Frobisher and Winnipegosis formations in the initial two Froude wells and development of those horizons is planned shortly. Westminster estimates production from the first two wells drilled in the Froude pool to be in excess of 1000 BOPD net to the company. FOR FURTHER INFORMATION PLEASE CONTACT: Westminster Resources Ltd. Lee A. Baker President & COO (403) 571-1188 westres.com From: Subject 17869