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

To: Kerm Yerman who wrote (8409)	1/10/1998 12:45:00 PM
From: Arnie	Respond to of 15196

CORP. / CityView Energy announces Changes to Board of Directors 1998-01-09 SOUTH PERTH, AUSTRALIA The Board of CityView Energy Corporation Limited wishes to advise the appointment of Mr. Peter John Augustin Remta as a Director of Western Resources NL and its controlled entities Western Sangkimah NL, Western Akar Petroleum Pty Ltd, Western Madura Pty Ltd, Western Nusantara Energi Pty Ltd and Genindo Western Petroleum Pty Ltd. The Board also advises that Mr. Russell Ernest Brimage has tendered his resignation as Director of the above companies. Mr. Brimage has made a valuable contribution to the growth of the Company over the past two years and the Board extend their sincere gratitude for his services to the Company. Yours faithfully (SIGNED) A P Woods Company Secretary/Chief Financial Officer For further information contact Australia - CityView Energy North America - Zoya Financial Chris Rees Steve Basra/Jasbir Gill Tel: 011-61-89-474-1333 Tel: 416-214-2368 Fax: 011-61-89-474-5997 Fax: 416-214-2771 cityviewenergy.com email.jazz@wwonline.com

To: Kerm Yerman who wrote (8409)	1/10/1998 12:48:00 PM
From: Arnie	Respond to of 15196

CORP. / Endless Energy Corp updates Results of Shareholder Meeting 1998-01-09 CALGARY, ALBERTA Endless Energy Corp. (EEC on the Alberta Stock Exchange) announced that at a meeting held January 8, 1998 the Shareholders approved; 1) The purchase of certain oil and gas interests in the areas of Alberta and British Columbia from a third party for $3,714,800 expected to close before the end of January. 2) The Company to proceed with a private placement of up to 4,000,000 special common share purchase warrants at a price of $0.75 per warrant expected to close before the end of January. 3) The Company, at the discretion of the Board of Directors, and subject to regulatory approval, be authorized to proceed with a private placement or placements of its securities prior to the next Annual Meeting of the shareholders to issue up to 4,000,000 common shares to be priced in accordance with the policies of the Alberta Stock Exchange and that related parties to the Company be allowed to participate in any such placements. For further information contact Jon Axford at 403-263-4292, Fax: 403-263-0477.

To: Kerm Yerman who wrote (8409)	1/10/1998 12:50:00 PM
From: Arnie	Respond to of 15196

CORP. / Findore Minerals changes name to Cantex Energy Inc. 1998-01-09 TORONTO, ONTARIO Findore Minerals Inc. (FNDR-OTC; FIMIF-BB) is pleased to announce that at a special shareholders meeting December 17, 1997 the Board of Directors was authorized to change the name of Findore Minerals Inc. to Cantex Energy Inc., more appropriately reflecting the corporate objective of developing an operating energy company. As soon as share certificates bearing the new name have been printed the CDN symbol will change to CTXE. This is expected to occur in the near future. Cantex Energy Inc., through its wholly owned US subsidiary CT Oil Inc., has purchased the non-operated working interests of Lindenwood L.L.C./ Petro Cap Inc., of Dallas, Texas in 15 producing properties in Louisiana, Mississippi, North Dakota, Texas, Oklahoma and New Mexico. Title work is completed and formal closing will occur within two weeks. Purchase price was $550,000. US, with property evaluation suggesting a value of $662,465. US. Net operating income, net of operating costs, production and ad valorem taxes is expected to be $170,000. CDN in 1998 at current commodity prices and exchange rates. Cantex income is retroactive from Dec. 1, 1997. Also independent evaluation of the Joint Venture Texas/Louisiana leases already acquired is expected to be completed in the next two weeks. For further information, please contact Mr. James Lee, President, or Mr. Colin Halanen, Investor Relations Representative at Cantex, at (416) 363-1570 or visit Cantex's website at http web.licity.com/cantex Total shares issued and outstanding: 10,119,529

To: Kerm Yerman who wrote (8409)	1/10/1998 12:54:00 PM
From: Arnie	Respond to of 15196

CORP. / Archer Resources announces Advisor Engagement 1998-01-09 CALGARY, ALBERTA Archer Resources Ltd. announces that its Board of Directors has engaged FirstEnergy Capital Corp. ("FirstEnergy") to examine strategic alternatives for the Company. FirstEnergy's mandate is to examine a variety of options that include continuing with the current successful growth program, arranging a merger with another company or finding a purchaser for all the outstanding shares of the Company. Archer entered 1997 with three strategic objectives, which were: to grow the value of the Company's asset base west of the 4th meridian (W4M), acquire and exploit properties outside the W4M area and demonstrate Archer's capability as a full cycle explorer. Substantial progress has been made on all three of these objectives, as recently demonstrated at the Company's Willingdon, Sedgewick and Knob Hill projects. Exploratory drilling is underway at Edson and further winter drilling is scheduled at High Prairie and Shekilie. As a result of Archer's success in achieving these objectives as well as its recently executed property rationalization and hedging programs, the company has a number of alternatives available to grow shareholder value. The Board has decided that this is an appropriate time to consider those strategic alternatives cited above as part of the company's ongoing business. FirstEnergy has initiated its mandate but does not have a specific proposal under discussion. Archer has 21.6 million common shares outstanding (fully diluted 23 million), debt of $30 million (approximately one times annual cash flow) and positive working capital of approximately $4 million. The Company believes it will meet or exceed the 1997 cash flow and earnings targets previously communicated to the market. The Company's common shares trade through the facilities of The Toronto Stock Exchange under the symbol "ARC". The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. For further information please contact: Grant A. Bartlett Chairman & CEO Telephone: (403) 266-5522 Fax: (403) 232-6008 Wayne Foo President & COO Telephone: (403) 298-5593 Fax: (403) 232-6008 Bill Hogg Vice President, Finance & CFO Telephone: (403) 298-5510 Fax: (403) 232-6008

To: Kerm Yerman who wrote (8409)	1/10/1998 1:00:00 PM
From: Arnie	Respond to of 15196

PROPERTY ACQUISITION / Temba Resources closes Property Acquisitions 1998-01-09 CALGARY, ALBERTA Temba Resources Ltd. is pleased to announce the closing of its previously announced acquisition of oil and gas properties from a private company on January 8, 1998. The essential elements of the acquisition are as follows: 1) Temba acquired all of the Assets of the Vendor effective September 1, 1997 for a purchase price of $3.7 million cash plus one million common-share-purchase warrants. The warrants entitle the Vendor, for a period of 2 years following closing, to purchase one common share of Temba for a price of $0.50/share. 2) The Assets are comprised of interests in various oil and gas properties located in Alberta and British Columbia currently producing at levels of 260 BPD of oil and liquids and 1,675 MMCFD of gas with cash flows averaging $130,000 per month plus ARTC recovery during the first 9 months of 1997. 3) The purchase price was financed from and combination of cash and debt. The Company also reports that it has entered into an agreement to sell its non-core properties in order to reduce bank debt. The final value of the disposition is subject to further negotiation. This disposition of non-core properties is scheduled to close on January 31, 1998. FOR FURTHER INFORMATION CONTACT: Tom Bamford Peter Sekera Chief Financial Officer President Temba Resources Ltd. Temba Resources Ltd. 370, 800 - 6th Avenue S.W. 370, 800 - 6th Avenue S.W. Calgary, Alberta, T2P 3G3 Calgary, Alberta, T2P 3G3 Telephone: (403) 261-2686 Telephone: (403) 261-2686 Facsimile: (403) 261-2704 Facsimile: (403) 261-2704

To: Kerm Yerman who wrote (8409)	1/10/1998 1:13:00 PM
From: Arnie	Respond to of 15196

FIELD ACTIVITIES / Brigdon Resources announces Two Discoveries CALGARY, Jan. 9 /CNW/ - Brigdon Resources Inc. (TSE - BRG.A) of Calgary has completed the three-well Buffalo Lake drilling program that was announced on November 14, 1997. Two wells (average working interest 52.5%) were cased as Basal Quartz and/or Glauconite gas discoveries and one well was abandoned. Pipelines have been surveyed and the company hopes to have the two completed wells on stream by early February. Flow tests indicate that production from these wells will increase throughput at the Red Willow plant by 3,000 mcf per day. Pipeline construction crews have recently built lines to two other Buffalo Lake wells (average working interest 80%). Surface connections will be completed this weekend and the wells should be on stream next week producing a combined 1,200 mcf per day. Brigdon plans an ambitious exploration drilling program for 1998. A drilling rig has been contracted for a minimum of eight wells. The rig will be returning to Buffalo Lake towards the end of January. Brigdon expects to drill two to four more wells this winter.

To: Kerm Yerman who wrote (8409)	1/10/1998 1:15:00 PM
From: Arnie	Respond to of 15196

PROPERTY DISPOSITION / Neutrino Resources closes Sale CALGARY, Jan. 9 /CNW/ -- Neutrino Resources Inc. today reported the closing of the sale of its interest in Bridgetown Energy Corporation of Calgary, to certain directors of Bridgetown and the Alberta Equity Fund Inc. The closing of the sale was effective December 31, 1997. David Beckwermert, Executive Vice President of Neutrino, reported ''Our interest in Bridgetown was sold for a capital gain, and the proceeds arising from the sale will be used by Neutrino for general corporate purposes.'' Mr. Beckwermert said, ''Having disposed of our interest, Jeff Arsenych, President and CEO of Neutrino, and I will be able to devote our fall efforts and focus to Neutrino. As of the date of the closing, Both Jeff and I have resigned as director and officer of Bridgetown respectively. We wish Bridgetown well in its future endeavours.'' The agreement was given approval by the Alberta Stock Exchange and the consent of the Alberta Securities Commission. Neutrino is a Calgary-based emerging oil and gas, exploration and production company. Neutrino's common shares trade on The Toronto Stock Exchange under the symbol ''NTO''.

To: Kerm Yerman who wrote (8409)	1/10/1998 1:27:00 PM
From: Arnie	Respond to of 15196

SERVICE SECTOR / Para-Tech Energy Corporation Announcement CALGARY, Jan. 9 /CNW/ - Para-Tech Energy Corporation is pleased to make the following announcements. 1) On December 16, 1997, 1,808,000 outstanding warrants were exercised at $0.30, to purchase 1,808,000 new common shares for proceeds of $542,400.00. 2) The company completed a Private Placement of 1,002,000 common shares for proceeds of $317,300.00 on December 31, 1997. 3) Brian Herman, Chairman and C.E.O., is pleased to announce the appointment of Laurie D. Wickwire as President of the company and to the Board of Directors, effective January 1, 1998. 4) The company is also pleased to announce the appointment of Stu Laird as Sales & Marketing Manager.

To: Kerm Yerman who wrote (8409)	1/10/1998 1:30:00 PM
From: Arnie	Respond to of 15196

FIELD ACTIVITIES / Cirque Energy to Proceed with Well Completion CALGARY, Jan. 09 /CNW/ - FISKERTON AIRFIELD No. WELL UK - Cirque has received the approval for both the completion of its new pool discovery in the UK and a 60 day production test. Completion of Fiskerton will commence on January 10, 1998. The well is expected to be turned over to the production testers on January 20th. A total of 30 feet of the 60 foot oil pay zone will be perforated. The long term production test is expected to begin on February 1st, or as soon as the test site and equipment have conformed to UK health and safety standards. Permitting has been completed on the 16.5 square kilometer 3D UK seismic survey. A crew has boon contracted to commence the shooting of the program around February 1, 1998, weather permitting. The UK government has yet to announce the new on-shore land awards that were due for release on December 22, 1997. Applications are being prepared for a six well development project on the Fiskerton lease, of which Cirque as operator has targeted two wells for drilling in June/July 1998. Cirque's interest is 48.2%. At Turin, where Cirque operates with a 50% working interest, a total of eleven wells were drilled resulting in eight oil wells, one gas well, one salt water injector and one dry hole. With battery construction underway, Cirque is producing five oil wells at rates averaging 86 barrels of oil per day each or 215 barrels of oil per day net to Cirque. Three oil wells and the gas well are shut in pending completion of the $1.5 million oil and gas processing facility. The start-up date is anticipated to be March 1, 1998. These four shut-in wells should increase the Turin production to around 700 beopd (360 boepd) net to Cirque. Two wells are scheduled to be drilled in February, offsetting an existing 200 bopd Turin producer. The 3D seismic shot over four sections of farm-in acreage has identified a minimum of twelve locations, two of which are scheduled to be drilled prior to break-up. At Bow Island, 3D seismic shot over three sections of working interest lands has identified two exploratory drill sites. Both locations will be tested in 1998. Cirque's current domestic production is 750 barrels of oil per day equivalent and is expected to reach 1000 barrels of oil per day by the Company's year end at March 31, 1998. On behalf of the Board of Directors, Glen A. Phillips President and Chief Executive Officer

To: Kerm Yerman who wrote (8409)	1/10/1998 1:32:00 PM
From: Arnie	Respond to of 15196

CORP. / United Refining Co extends Note Exchange Offer WARREN, Pa., Jan. 9 /CNW/ -- United Refining Company, a refiner and marketer of petroleum products, said that it has extended its offer to exchange its 10-3/4% Series A Senior Notes due 2007 for its 10-3/4% Series B Senior Notes due 2007 which have been registered under the Securities Act of 1933, as amended. The offer, scheduled to expire January 9, 1998 was extended to 5:00 p.m., New York City Time, January 16, 1998. An aggregate of $200 million in principal amount of the notes is outstanding. IBJ Schroder Bank & Trust Company is acting as exchange agent for the offer.