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

To: Kerm Yerman who wrote (7983)	12/17/1997 6:41:00 AM
From: Herb Duncan	Respond to of 15196

FINANCING / Maxwell Oil & Gas Ltd. Raising Funds ASE, VSE SYMBOL: MWL DECEMBER 16, 1997 CALGARY, ALBERTA--The Board of Directors of Maxwell Oil & Gas Ltd. wish to advise that the Company expects to raise net proceeds of approximately $0.65 million through a private placement of flow-through shares priced at $1.30 per share. Each flow-through share of the Company also has attached a one-third warrant, with one full warrant entitling the holder to purchase one additional share in the Company at a price of $1.50 per share any time prior to July 15, 1998, after which time any unexercised warrants will expire. Securities issued under this placement are subject to a twelve month hold period and Alberta Stock Exchange regulatory approval. Proceeds from the offering will be used to supplement funding of Maxwell's ongoing exploration program. Maxwell is an active oil and gas producer focused on the acquisition, exploration and development of crude oil and natural gas in Western Canada. The Company currently trade under the symbol "MWL" in the Alberta Stock Exchange.

To: Kerm Yerman who wrote (7983)	12/17/1997 6:43:00 AM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / First Premium Income Trust Declares Income Distribution TSE SYMBOL: FPI.UN DECEMBER 16, 1997 TORONTO, ONTARIO--First Premium Income Trust has declared a quarterly income distribution of C$1.50 per Unit payable December 31, 1997 to holders of record on such date. This distribution consists of the regular quarterly distribution of C$0.50 per Unit and a special distribution of C$1.00 per Unit. The special distribution will ensure that the Trust distributes sufficient of its net income and net realized capital gains for 1997 so that it will not be liable for tax. The amount of the distribution may therefore be subject to minor adjustment. Holders of First Premium Income Trust may elect to have their distributions re-invested into additional units by enrolling in the Trust's Distribution Reinvestment Plan. Unitholders should contact their broker or the Plan Agent (Montreal Trust Company of Canada) to enroll in the plan. Mulvihill Capital Management Inc., the Investment Manager of the Trust is also pleased to announce that Mr. Donald Biggs has joined the firm. Mr. Biggs will focus on the management of the existing four Premium Funds - First Premium Income Trust, First Premium US Income Trust, First Premium Oil & Gas Income Trust and Premium Income Corporation within the Mulvihill Group. He joins Mulvihill most recently from one of Canada's largest asset managers and brings an extensive background in Derivative Products and Funds Management. First Premium Income Trust's investment objectives are to provide unitholders with a stable stream of quarterly distributions of at least $ 0.50 per Unit. The trust intends to achieve its investment objectives by investing in a diversified portfolio consisting primarily of common shares issued by major Canadian issuers. In order to generate returns above the dividend income generated by the portfolio, the Trust will write covered call options in respect of all or part of the securities in the portfolio. The Trust's investment portfolio is managed by it's investment manager, Mulvihill Capital Management. Trust Units are listed on The Toronto Stock Exchange and The Montreal Exchange under the symbol FPI.un /T/ Distribution Details: - Distribution per Unit: $ 1.50 (subject to adjustment) - Payable Date: December 31, 1997 - Record Date: December 31, 1997 - Ex-Dividend Date: December 29, 1997 NOTE NEW ADDRESS: First Premium Income Trust 121 King Street West, Suite 2600 Toronto, Ontario M5H 3T9 (416) 681-3966 (800) 725-7172 www.mulvihill.com /T/

To: Kerm Yerman who wrote (7983)	12/17/1997 6:47:00 AM
From: Herb Duncan	Read Replies (1) \| Respond to of 15196

FINANCING / Q Energy Limited Announces Closing of Private Placement ASE SYMBOL: QE DECEMBER 16, 1997 CALGARY, ALBERTA--Q Energy Limited today announced that it has raised $688,000 by way of a fully subscribed private placement of flow-through shares. A total of 1,564,275 common shares were issued to private investors at a price of $0.44/share. Proceeds of the private placement will be used to finance the Company's winter exploration and development programs.

To: Kerm Yerman who wrote (7983)	12/17/1997 6:56:00 AM
From: Herb Duncan	Respond to of 15196

MEDIA / Northstar Energy Corp. Announces Strategic Alliance With Amoco Canada TSE, ASE SYMBOL: NEN DECEMBER 16, 1997 CALGARY, ALBERTA--Northstar Energy Corporation today announced that it has entered into a joint venture with Amoco Canada Petroleum Company Ltd. to explore and develop Amoco's natural gas properties in northeastern British Columbia. The agreement gives Northstar access to 648,000 acres of land with a total unrisked reserve potential of four trillion cubic feet. The area includes four different geological play types with high impact exploration potential and multiple prospects. In commenting on the transaction, John Hagg, chief executive officer, said "this alliance provides a tremendous opportunity for Northstar to share in a high-impact natural gas exploration program with significant reserves potential." Mr. Hagg added that "the joint venture will be managed by a jointly staffed team of Northstar and Amoco senior technical professionals who will operate independently and provide recommendations to both management groups." Northstar will commit $15 million in each of the next three years to the exploration program. Mr. Hagg noted that "we are delighted with the prospect of participating with Amoco in this broad spectrum of exploration opportunities. This venture complements our existing exploration program and strengthens our asset base in western Canada." Over the past several years, Amoco has studied the region extensively and has developed a large seismic and technical data base. Mr. Hagg said that "in addition to world class exploration lands, Northstar gains access to significant amounts of seismic data and advanced exploration technologies unique to the area." Activities are expected to commence shortly with two deep exploratory tests to be drilled this winter. Mr. Hagg went on to say that "Amoco will be the operator during the initial drilling phase and its strong relationships with local stakeholders will greatly benefit the joint venture activities in the region." Northstar Energy Corporation is a Canadian company engaged in petroleum and natural gas exploration and production. The company's common shares are listed on the Toronto, Montreal and Alberta stock exchanges under the trading symbol NEN.

To: Kerm Yerman who wrote (7983)	12/19/1997 10:00:00 AM
From: Herb Duncan	Respond to of 15196

PROPERTY ACQUISITION / Coho Energy Completes Acquisition of Oklahoma Oil Properties from Amoco and Updates Brookhaven Drilling Results NASDAQ SYMBOL: COHO DECEMBER 18, 1997 DALLAS--Coho Energy, Inc. (NASDAQ-COHO) today closed its previously announced acquisition of Oklahoma Oil properties from Amoco Production Company, a subsidiary of Amoco Corp. (NYSE:AN). The properties were purchased for $257.5 million and warrants to purchase one million common shares of Coho Energy at $10.425 for a period of five years. Coho has acquired interest in more than 25,000 gross acres concentrated in Southern Oklahoma, including 14 principal producing fields. Coho will operate all but two of these fields and have an average working interest in these fields of approximately 65 percent. Coho's independent engineers have estimated that the properties acquired have net proven reserves of 55.1 million equivalent barrels, approximately 90 percent of which was oil. Daily net production from the properties during September 1997 was approximately 6,200 barrels of oil and 7.7 million cubic feet of natural gas, or almost 7,500 equivalent barrels of oil, which will make Coho the largest crude oil producer in Oklahoma. Coho is already the largest producer in Mississippi. The properties currently contain 722 producing wells. The Company funded the Amoco acquisition from working capital and a draw down on its bank credit facility which has a borrowing base of $300 million. Jeffrey Clarke, Coho's President and CEO, stated, "The Oklahoma properties represent a tremendous growth opportunity for Coho. The company's technical staff have already identified numerous low risk exploitation opportunities which Coho intends to quickly pursue. These assets are concentrated in a small geographic area and are very similar to the Company's successful Mississippi salt basin operations so that the application of the Company's substantial knowledge base should benefit the properties. Through an active operational and exploitation program, we believe that we can quickly add substantially to reserves and production. Coho is well positioned to capitalize on this opportunity at the same time it maintains the momentum of our Mississippi program." In addition to the acquisition of the Amoco properties, the Company also announced that at Brookhaven, Mississippi Coho has completed the testing of two further wells. The 5-11#1 well is producing from a Paluxy sand, flowing 380 barrels of oil per day through a 12/64" choke with a flowing tubing pressure of 425 psig. The 32N-14#1 well tested hydrocarbons from several sands, none of which proved individually commercial and the well will be deepened, during the first quarter of 1998, to the Rodessa formation which is productive in the 4-13C#1 well. The 4-11#4 well is currently being tested and the 4-9#2 well is drilling below 13,000 feet. Results from both wells are expected in January. Coho Energy, Inc. is a Dallas-based independent oil and gas producer focusing on exploration and exploitation of underdeveloped oil properties.