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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Arnie who wrote (7770)	12/5/1997 8:42:00 PM
From: Herb Duncan	Respond to of 15196

SERVICE SECTOR / Cotton Valley Resources Corporation Announces Specialized Investor Relations Team CANADIAN DEALING NETWORK SYMBOL: CVZC AMEX SYMBOL: KTN DECEMBER 5, 1997 DALLAS--Cotton Valley Resources Corporation (AMEX-KTN) (CDN-CVZC) announced today that it has assembled a team of investor relations specialists for the new year, including renewal of the agreement to retain the services of Liviakis Financial Communications beginning Jan. 2, 1998. Chairman and Chief Executive Officer Gene Soltero commented, "Liviakis Financial Communications has played a crucial role in introducing us to analysts, investment bankers, merger candidates, private investors, achieving our AMEX listing, strategic planning and, of course, creating a national following in the brokerage industry for our stock. We are pleased they have agreed to continue to support Cotton Valley as they have done tirelessly in the past. "Additionally, the firm of Johnnie D. Johnson & Co., Inc. has been retained for 1998 with the specific goal of identifying and targeting institutions most likely to be shareholders in Cotton Valley. Johnson is an international investor relations agency providing counsel on a broad range of strategic investor communications issues to help corporations establish and support long-term credibility with all segments of the financial community. Senior management of Johnson has many years in the energy business and brings a particular expertise with global reach. We believe this team approach will allow us to build constructive relationships with the investment community in order to optimize our stock valuation. "Our internal Director of Investor Relations, Patty Dickerson, is available to the investment community at all times as well and will continue to work closely with Liviakis Financial Communications, Inc. and Johnnie D. Johnson & Co." Cotton Valley is a fast-growing, independent oil and gas company with property interests in the states of Texas, Oklahoma, Louisiana and California and properties under contract in the Province of Alberta, Canada. Cotton Valley also purchases and resells oilfield equipment and provides horizontal drilling services through its Mustang subsidiaries. There are approximately 16 million common shares outstanding.

To: Arnie who wrote (7770)	12/5/1997 8:45:00 PM
From: Herb Duncan	Respond to of 15196

FINANCING / Alma Oil & Gas Ltd. Announces Private Placement of Flow-Through Special Warrants ASE SYMBOL: AGL.A DECEMBER 5, 1997 CALGARY, ALBERTA--Alma Oil & Gas Ltd. announces today that it has completed an initial closing of a Private Placement of 597,000 Special Warrants. The final closing is scheduled for December 10, 1997. The Company intents to issue up to 3,335,000 Flow-Through Special Warrants at $0.60, to raise gross proceeds of $2,001,000. Each Special Warrant entitles the holder to one (1) Common Share and one-half (1/2) of one Warrant at no additional cost. The Corporation will use its best efforts to obtain a receipt for a Qualifying Prospectus to qualify the Common Shares and Warrants issuable on exercise of the Special Warrants on or before January 31, 1998 from the securities commissions of the Qualifying Jurisdictions. Holders of Warrants will be entitled to subscribe for and purchase, for every whole Warrant held, one (1) Common Share, until December 3, 1998, at an exercise price of $0.80 per Common Share. The Corporation intends on incurring Canadian Exploration Expense and Specified Development Expense (as defined under the Income Tax Act (Canada)) in an amount equal to the gross proceeds of the offering and renounce this amount to subscribers on December 31, 1997. The initial closing on December 3, 1997 was to issue Special Warrants in connection with a drilling programme initiated at Long Coulee, Alberta, in order to renounce the costs associated with this drilling programme. The first well in the drilling programme has commenced operations. Proceeds from the offering will be used to fund development and exploration activities on Company lands in the Fort Pitt area of Saskatchewan, and the Long Coulee and Greencourt areas of Alberta. Agents for the Private Placement of Special Warrants are Majendie Charlton Securities Ltd. and Levesque Beaubien Geoffrion Inc.

To: Arnie who wrote (7770)	12/5/1997 8:54:00 PM
From: Herb Duncan	Respond to of 15196

MEDIA / Windsor Energy Corporate Update TSE SYMBOL: WNS DECEMBER 5, 1997 CALGARY, ALBERTA--Windsor Energy Corporation announced today that it expects December to be the first month for the Company to produce over 100,000 barrels of oil equivalent. Due to the successful results achieved so far through the initial 22 well program, Windsor has applied for an additional 42 well program to follow. Windsor Energy which last week announced a record third quarter profit of $4,206,451 is also drilling in Louisiana and the first results of that program are expected within two weeks. Increases in production and good cost control has reduced lifting costs to under U.S. $3.50 a barrel, Thomas E. Hogan, President and CEO said today. In a letter to shareholders the Company reported that it has achieved significant growth in all areas since the beginning of the year. 1. Current Assets plus cash equivalents have increased 48 percent from $11.4 million at the end of 1996 to $16.9 million. 2. Shareholder Equity increased 95 percent from $25.9 million to $51.4 million. 3. Total Assets have increased 114 percent from $44.3 million to $95.0 million. 4. Net revenues for the three quarters increased 353 percent from $1.7 million to $7.7 million. Windsor is a Calgary, Alberta and Dallas, Texas based international exploration and production company traded on the Toronto Stock Exchange (TSE:WNS).

To: Arnie who wrote (7770)	12/5/1997 9:00:00 PM
From: Herb Duncan	Respond to of 15196

PROPERTY DISPOSITIONS / Odyssey Petroleum Sells Interest in Turkmenistan Project NASDAQ SYMBOL: OILYF DECEMBER 5, 1997 CALGARY, ALBERTA--ODYSSEY PETROLEUM CORPORATION (NASDAQ: OILYF) ("Odyssey" or the "Company") announces that effective December 2, 1997, it has sold its interest in Block II, offshore Turkmenistan, for proceeds of US$7,486,000. Through Larmag Energy Partners II Ltd., Odyssey held a 10 percent interest in the Joint Venture which is exploring and developing Block II. One of Odyssey's partners in the Joint Venture, Dragon Oil PLC of the U.K., purchased the Company's interest. Odyssey's management determined that the proceeds of the sale would be better utilized in other petroleum projects to further enhance the Company's shareholder value. To this end, Odyssey is presently investigating the possibility of participating in a number of petroleum ventures, above and beyond its current holdings. Odyssey, a Canadian-based energy resource company, is engaged in the exploration and development of oil and gas projects on an international basis, and in the production and distribution of ethanol, primarily in the western United States. This release contains "forward looking statements" within the meaning of Section 21E of the Securities and Exchange Act of 1934, as amended. Although the Company believes that the expectations reflected in such forward looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Important facts that may cause actual results to differ (the "Cautionary Statements") include but are not necessarily limited to, political and economic stability of the countries in which the Company intends to operate, the availability of commercially viable projects in which the Company may participate, or the Company's ability to obtain adequate financing. All subsequent written and oral forward looking statements attributed to the Company or persons acting on its behalf regarding the subject matter hereof are expressly qualified in their entirety by the Cautionary Statements.