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

To: Arnie who wrote (8764)	1/30/1998 3:59:00 PM
From: Herb Duncan	Respond to of 15196

FINANCING / Renaissance Energy Ltd. Announces Issuance of Medium Term Notes TSE, ME SYMBOL: RES JANUARY 30, 1998 CALGARY, ALBERTA--Renaissance Energy Ltd. announces that it has agreed to issue $100 million of Medium Term Notes, Series C, maturing February 3, 2003, bearing interest at 5.75 percent, for settlement on February 3, 1998. Renaissance intends to use the net proceeds of $99.5 million to repay short-term indebtedness of the company. All these securities have been sold. This announcement appears as a matter of public record.

To: Arnie who wrote (8764)	1/30/1998 4:02:00 PM
From: Herb Duncan	Read Replies (2) \| Respond to of 15196

CORP / Riosun Resources Appoints Don D. Copeland to Board VSE SYMBOL: RSR JANUARY 30, 1998 CALGARY, ALBERTA--The Company is pleased to announce the appointment and acceptance of Mr. Don D. Copeland P. Eng., to the Board of Directors effective immediately. Mr. Copeland is President and Co-founder of Codeco Consulting (1994) Inc. He has directed and managed the growth of Codeco to its present levels, which sees the firm as one of the most dominant and well respected consulting engineering services in the oil and gas industry. Mr. Copeland currently serves on the boards of two Toronto Stock Exchange listed oil and gas companies, and two Alberta Stock Exchange listed oil and gas service companies.

To: Arnie who wrote (8764)	1/30/1998 4:04:00 PM
From: Herb Duncan	Respond to of 15196

FIELD ACTIVITIES TOP 20 LISTED / Pinnacle Oil International, Inc. Signs Exploration Agreement With Renaissance Energy OTC Bulletin Board SYMBOL: PSFD JANUARY 30, 1998 CALGARY, ALBERTA--PINNACLE OIL INTERNATIONAL, INC. ("Pinnacle") is pleased to announce that Pinnacle has entered into an Exploration Agreement with Renaissance Energy Ltd. ("Renaissance")(TSE:RES) to fly exploration surveys over approximately 360,000 acres of land in which Renaissance holds an interest. The Exploration Agreement is a result of blind tests and field evaluations of the Stress Field Detector Technology (the "SFD") conducted for Renaissance in various areas of Western Canada over the past six months. Under the Exploration Agreement, Renaissance will reimburse all exploration costs incurred in the surveys, and Pinnacle will earn an "overriding" royalty interest in prospects identified by the SFD which Renaissance subsequently develops. Pinnacle's management believes that the combination of Renaissance's substantial holdings and expertise with Pinnacle's survey speed through the airborne SFD will provide synergistic results for both companies. PINNACLE OIL INTERNATIONAL, INC., is a technology company engaged in the oil and gas exploration business and holds exclusive rights for hydrocarbon exploitation utilizing the Stress Field Detector, a technology which has been shown to aid in the identification of hydrocarbon bearing deposits.