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

To: Kerm Yerman who wrote (8486)	1/14/1998 6:22:00 PM
From: Kerm Yerman	Respond to of 15196

PROPERTY ACQUISITION - SPEC 15 LISTED / Thunder Energy Inc. Acquires Undeveloped Shut-In Gas Reserves THUNDER ENERGY INC. TSE SYMBOL: THY JANUARY 14, 1998 CALGARY, ALBERTA--Thunder Energy Inc. (THY - TSE) announced today that, together with its partner, it has acquired undeveloped lands and shut-in gas reserves complimenting its core property at Rosalind, Alberta. The acquisition is effective January 1 and is expected to close on January 31st. The acquisition includes 17,440 acres (8,720 net acres) of undeveloped lands, 2.5 BCF (1.25 BCF net) of shut-in gas reserves and 175 kilometers of 2-D seismic. Total purchase price is $2.2 million dollars ($1.1 million net). Thunder will operate these new lands and will have a 50 percent working interest. Tie-in distances for the shut-in reserves range from 1-2 miles from Thunder's existing infrastructure. Pipelining operations will commence after closing. Thunder has established itself as the dominant operator in the Rosalind area. Thunder currently owns interests in 108 sections of land, two gas plants, an oil battery and 800 kilometers of 2-D seismic and 25 square kilometers of 3-D seismic. This base will ensure continuous development on the Rosalind property for many years to come. In 1998 Thunder expects to drill up to 20 wells on its Rosalind property.

To: Kerm Yerman who wrote (8486)	1/14/1998 6:26:00 PM
From: Kerm Yerman	Respond to of 15196

MERGERS / Sands Petroleum & International Petroleum SANDS PETROLEUM AB JANUARY 14, 1998 Re: Sands Petroleum: Final Compilation Complete - Sands Acquires 95.5 percent of IPC STOCKHOLM, SWEDEN--Sands Petroleum AB's ("Sands") offer to the holders of common shares and Swedish Depositary Receipts ("SDRs") of International Petroleum Corporation ("IPC") expired on January 9, 1998. Sands has acquired 41,130,920 common shares of IPC (including common shares represented by SDRs) representing 95.5 percent of the issued and outstanding common shares in IPC (excluding shares and SDRs held by Sands). As consideration Sands will issue in total 35,767,003 new shares of series B with a total nominal value of SEK 17,883,502 (including series B shares of Sands which will be represented by global depositary receipts ("GDR")). Sands' share capital will then amount to SEK 39,597,611. Settlement for tendered SDRs is expected to begin on or about January 15, 1998. Sands intends to initiate a compulsory acquisition process according to the Canada Business Corporations Act in order to acquire any remaining outstanding shares in IPC, including shares represented by SDRs, on or about January 15, 1998. The compulsory acquisition process is expected to be settled with shares of series B in Sands, pursuant to which every 1.15 shares (or SDRs) in IPC will be exchanged for one newly issued share of series B in Sands (or one GDR). The compulsory acquisition process is expected to be completed in February 1998. Trading of the newly issued shares of series B in Sands on the O-list at the Stockholm Stock Exchange is expected to begin on January 19, 1998. The last day of trading with SDRs in IPC on the O-list at the Stockholm Stock Exchange is expected to be January 19, 1998. Trading in shares of series B in Sands represented by GDRs is expected to begin on The Toronto Stock Exchange on January 19, 1998 and on NASDAQ on or about January 20, 1998.

To: Kerm Yerman who wrote (8486)	1/14/1998 6:31:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR - SERV 9 LISTED / Master Downhole Canada 6 Month Financial Results MASTER DOWNHOLE CANADA INC. ASE SYMBOL: MDH.A JANUARY 14, 1998 Master Downhole Canada Announces Financial Results CALGARY, ALBERTA--The Company is pleased to announce its operating results for the six months ended November 30, 1997. The table below compares the six months ended November 30, 1997 to the six months ended 1996. For the six months ended November 30, 1996 November 30, 1997 Revenue $1,910,790 $3,958,831 Gross Profit 919,166 2,122,825 Net Income 430,112 958,858 EPS $0.019 $0.044 Cash flow per share $0.026 $0.060 Management feels these results put the Company on target to earn the $ 0.15 per share for the year ended May 31, 1998, as predicted at the Annual General Meeting in November 1997.

To: Kerm Yerman who wrote (8486)	1/14/1998 6:38:00 PM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Alterra Resources Kansas Well Update ALTERRA RESOURCES INC. CDN SYMBOL: ALRI JANUARY 14, 1998 KANSAS: "Alterra Completes Natural Gas Well - On Line and Selling Gas" BRIDGEWATER, NOVA SCOTIA-- - shares issued and outstanding: 7,523,518 - fully diluted: 11,169,287 Alterra Resources Inc. ("the company") is pleased to report that drilling of an initial well at the Lawson Unit, Sumner County, Kansas has been completed ahead of scheduled and is now tied-in, producing and selling natural gas to the nearby Ashton Gas Gathering System. More specifically, favourable log data displayed excellent porosity from the targeted Severy Sands formation at 1,650 feet and that the zone was structurally high over the offset well due one location south. Flow rates of the well are expected to level off between 125 mcf and 200 mcf per day. Based on the initial shut in pressures and flow tests engineer estimated reserves are considered to be 290 mmcf of natural gas over the extended life of the well. Alterra holds a 55 percent working interest in this initial, producing well and will receive 44.69 percent of the net revenue (ref. press release Nov. 27, 1997). The company has the option to drill up to 14 wells at the Lawson Unit and, pending financing, expects to start drilling a second well of the initial 3 well program in the near future - the company will report further at such time.

To: Kerm Yerman who wrote (8486)	1/14/1998 6:42:00 PM
From: Kerm Yerman	Read Replies (8) \| Respond to of 15196

ACQUISITION - TOP 21 LISTED / Northrock Resources - Paragon Petroleum NORTHROCK RESOURCES LTD. TSE SYMBOL: NRK JANUARY 14, 1998 Northrock Resources Announces Mailing of Paragon Take-Over Bid CALGARY, ALBERTA--Northrock Resources Ltd. ("Northrock") is pleased to announce that, further to its previous announcement on January 7, 1998, it has mailed to all holders of common shares of Paragon Petroleum Corporation ("Paragon") an offer and bid circular dated January 12, 1998. Pursuant to the offer, Northrock offers to purchase all of the issued and outstanding common shares of Paragon on the basis of $4.10 Canadian cash per Paragon common share or 0.19 of a Northrock common share for each Paragon common share, or a combination thereof. The offer, in the English language, has been mailed to all Paragon registered shareholders and intermediaries and is open for acceptance until 5:00 p.m. (Calgary time) on Thursday, February 5, 1998. Due to the weather situation in Quebec, mailing of the offer in the French language has been delayed until Monday, January 19, 1998 and exemptive relief is anticipated from the Quebec Securities Commission. Nesbitt Burns Inc. and Midland Walwyn Capital Inc. have been appointed dealer managers for the offer in Canada. The depositary, in Canada, is CIBC Mellon Trust Company which has established depositories in Toronto, Montreal, Vancouver and Calgary. The offer has been extended to United States shareholders of Paragon pursuant to a prospectus contained in the offer and bid circular which satisfies the requirements of section 10 of the U.S. Securities Act of 1933. Nesbitt Burns Securities Inc. is acting as U.S. dealer manager and ChaseMellon Shareholder Services, LLC is acting as U.S. forwarding agent.