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

To: Kerm Yerman who wrote (8363)	1/8/1998 7:50:00 PM
From: Kerm Yerman	Read Replies (24) \| Respond to of 15196

NEW LISTING / Redeco Energy Re-listed On ASE REDECO ENERGY INC. ASE SYMBOL: RE JANUARY 8, 1998 Redeco Energy Trading on ASE January 8, 1998 CALGARY, ALBERTA--The Board of Directors of Redeco Energy Inc. (formerly Peat Sorb Incorporated) (the "Corporation") are pleased to announce that all final documentation with respect to the re-listing of the Corporation's Common Shares on The Alberta Stock Exchange (the "Exchange") have been filed and that the Common Shares will commence trading on the Exchange on January 8, 1998.

To: Kerm Yerman who wrote (8363)	1/8/1998 7:57:00 PM
From: Kerm Yerman	Respond to of 15196

PROPERTY ACQUISITION / Interaction Resources Closes Deal INTERACTION RESOURCES LTD. TSE SYMBOL: INR JANUARY 8, 1998 Interaction Resources Ltd. Closes Acquisition CALGARY, ALBERTA--INTERACTION RESOURCES LTD. is pleased to announce that it has closed its previously announced acquisition of producing and non-producing oil and gas assets located in the Tangent and Cecil areas. The assets are located within Interaction's Peace River Arch focus area, and have extensive infrastructure, year-round access, multi-zone production potential and will become new core areas of operations for Interaction. These strategic acquisitions provide Interaction with a core land, seismic and facilities position that will allow its technical team to expand Interaction's production base effectively for many years to come. Interaction has identified numerous re-completion, exploitation and exploration drilling opportunities associated with these acquisitions which it will pursue throughout 1998. The purchase price for this acquisition was $10.6-million. The assets acquired currently produce 250 boepd net (135 bbls/day of light oil and 1.2 mmcf/day of natural gas), which represents an immediate increase of 20 percent from Interaction's current production levels of approximately 1300 boepd. Production will increase by a further 350 boes/day in the second quarter of 1998 with the start-up of a new gas plant in which Interaction will have ownership, and into which capped gas wells will be tied-in. The assets include varying working interests in seventy-eight oil and gas wells, a working interest in two gas plants and associated gathering systems, and three oil batteries. Third party engineers have assigned net proven and probable oil and gas reserves of 1,688,700 boes (11.64 Bcf natural gas, 524,700 bbls oil and ngls) to this acquisition, which is a 40 percent increase in Interaction's total reserve base. The acquisition also includes an interest in 34,720 gross acres of land (15,700 net acres), of which 13,400 net acres are undeveloped. In addition, it will provide Interaction with access to more than 1000 kms of 2D and 150 km2 of 3D seismic data. The Company has also issued, by way of private placement, 294,790 flow-through common shares at a price of $0.85 per share for total proceeds of $250,573. The proceeds will be used to assist in the funding of the Company's ongoing drilling program for 1998. The common shares are subject to a one-year hold period. Interaction's common shares are listed on the Toronto Stock Exchange under the symbol 'INR'.

To: Kerm Yerman who wrote (8363)	1/8/1998 8:00:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Beau Canada Exploration Sells Flow Through Shares BEAU CANADA EXPLORATION LTD. TSE, ME SYMBOL: BAU JANUARY 8, 1998 Beau Canada Sells Flow Through Shares at $3.00 Per Share CALGARY, ALBERTA--Beau Canada Exploration Ltd. (BAU) announces as of December 31, 1997 it has sold 485,000 flow-through common shares at $3.00 per share in a private placement for proceeds of $1,455,000. Beau Canada Exploration Ltd. is a Canadian oil and gas exploration and development company based in Calgary. Beau Canada's common shares are listed on the Toronto Stock Exchange and the Montreal Exchange under the symbol "BAU".

To: Kerm Yerman who wrote (8363)	1/8/1998 8:03:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Westminster Resources Private Placement WESTMINSTER RESOURCES LTD. TSE SYMBOL: WML JANUARY 8, 1998 Westminster Closes Private Placement CALGARY, ALBERTA--Westminster Resources Ltd. advises it has closed the balance of the private placement of 1,089,000 flow through shares at $10.20 per share. The placement was originally announced November 27, 1997 and was expanded from the original 850,000 share offering to meet investor demand. Proceeds of the offering will be utilized by Westminster to fund its ongoing exploration, development, and acquisition programs. Westminster Resources Ltd. is an oil and gas company listed on the Toronto Stock Exchange trading under the symbol "WML."