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

To: Arnie who wrote (8387)	1/10/1998 12:20:00 PM
From: Kerm Yerman	Respond to of 15196

NEW LISTINGS / Seven Seas Petroleum To List On American Stock Exchange Seven Seas Petroleum Inc. (Toronto: SVS.U) announced today that its common stock has been cleared by the United States Securities and Exchange Commission and approved by the American Stock Exchange (Amex) for trading in the United States. Trading is expected to commence on the Amex early in the week of January 12, 1998. The Company will trade on the Amex under the ticker symbol 'SEV'. Seven Seas currently trades on the Toronto Stock Exchange under the ticker symbol 'SVS.U' and will continue to do so after listing on the Amex. In connection with clearance for trading in the United States, Seven Seas Petroleum Inc. currently asserts no opinion regarding the quantity of hydrocarbons that may be contained at the Emerald Mountain Project in Colombia or regarding any such estimates that may have been made by any third parties. Statements regarding anticipated oil and gas production and other oil and gas operating activities, including the costs and timing of those activities, are 'forward looking statements' within the meaning of the Securities Litigation Reform Act. The statements involve risks that could significantly impact Seven Seas Petroleum Inc. These risks include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services and government regulation and foreign political risks, as well as other risks discussed in detail in the Seven Seas Petroleum Inc.'s filings with the U.S. Securities and Exchange Commission. Seven Seas Petroleum Inc. is an international oil and gas exploration and production company.