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

To: Kerm Yerman who wrote (7838)	12/10/1997 5:40:00 AM
From: Kerm Yerman	Respond to of 15196

US REPORT / Algeria An updated Country Analysis Brief on Algeria is now available. To access this report, the World Wide Web address is: eia.doe.gov Included in the report are estimates of 1997 energy and economic statistics, as well as an up-to-date analysis of Algeria's energy industry. Coming soon is an update of our Country Analysis Brief on Israel.

To: Kerm Yerman who wrote (7838)	12/10/1997 5:42:00 AM
From: Kerm Yerman	Respond to of 15196

US REPORT / Israel An updated Country Analysis Brief on Israel is now available. To access this report, the World Wide Web address is: eia.doe.gov Included in the report are estimates of 1997 energy and economic statistics, as well as an up-to-date analysis of Israel's energy industry. Coming soon is an update of our Country Analysis Brief on Nigeria.

To: Kerm Yerman who wrote (7838)	12/10/1997 5:48:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

US REPORT / Country Analysis - OPEC Fact Sheet Country Analysis Briefs An updated OPEC Fact Sheet is now available. To access this report, the World Wide Web address is: eia.doe.gov Included in the OPEC Fact Sheet are estimates of September 1997 and January - September 1997 average crude oil production from the 11 OPEC countries, as well as the 1997 production quotas and the new 1998 production quotas. Also included is information on OPEC's share of the world's oil supply and the OPEC Basket price for October 1997. An analysis of the recent OPEC meeting can be found at:

To: Kerm Yerman who wrote (7838)	12/10/1997 5:54:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES/ Curlew Lake Resources Major Oil Play Underway December 1, 1997 Curlew Lake Resources Inc. and partners announce that two new exploratory wells in the Turner Valley prospect in southwestern Alberta have finally commenced drilling. The Imperial Oil Resources Limited well, Imp Berkley Turner Valley 2-21-21-3 W5M, got underway on Tuesday, November 25, 1997, while the Berkley Petroleum Corp. well, BPC et al Turner Valley 12-35-20-3 W5M, approximately 3.5 miles to the south, commenced drilling on Saturday, November 29, 1997. They are expected to take anywhere from 60 to 90 days to reach total depth. As set out in previous News Releases, the main targets for both wells are large volume oil and/or gas reserves in the deep Regional Turner Valley formation, underlying the Turner Valley reservoirs in the shallower overthrust sheets from which the current/historical oil production is sourced. Oil reserves in place in the above-mentioned original and still producing overthrust Turner Valley reservoir have been determined at one billion barrels. Curlew Lake has carried net working interests of 2.188% on crude oil and 1.313% on natural gas related to the Imp Berkley 2-21 well and a pro rata share of a related gross overriding royalty (GOR) during the payout period. The above net working interests are also attributable to the 5,220 acres of petroleum and natural gas (P&NG) leases comprising the balance of the Companies' net acreage in the related 17,920 acre farmin block. Curlew Lake has a 2.5% working interest, along with a carried working interest of 1.5%, in the Berkley operated earning well, BPC et al Turner Valley 12-35. Subsequent to payout relative to Berkley's 60% working interest, Curlew will have a 4% working interest in the earning well and in the balance of the related farmin lands totalling 22,376 acres of P&NG leases. Curlew Lake has a 2.5% - 10% interest in a total of 34,551 acres of P&NG leases in the entire Turner Valley prospect area. The availability of Crown P&NG acreage in this area necessitates that both the 2-21 and 12-35 wells be operated on a highly confidential "TIGHT HOLE" basis.