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To: Postman who wrote (8884)	2/6/1998 3:51:00 PM
From: Herb Duncan	Respond to of 15196

FIELD ACTIVITIES / PanOil Resources Update ASE SYMBOL: PRE FEBRUARY 6, 1998 CALGARY, ALBERTA--PanOil Resources announces the following information regarding its PanOil Ramarro Crestar b-81-I well at Orion in N.E. British Columbia. The well spudded on January 9, 1998, has drilled to projected total depth of 2039 meters, and has been cased to the Slave Point Formation as a potential gas well. The drilling rig was released as of February 3, 1998. A service rig will be on location to test and complete the well during February. A successful completion will prove up a number of locations which are defined by geology and seismic. The d-80-E well, located approximately 6 miles from b-81-I well in N.E. B.C. remains in a suspended status until a rig can be contracted to complete the well. PanOil is actively seeking a rig and the appropriate horizontal drilling equipment to complete this well.

To: Postman who wrote (8884)	2/6/1998 3:59:00 PM
From: Herb Duncan	Respond to of 15196

SERVICE SECTOR / Dakota Resources Bank Financing Secured; Acquisition to close. ASE SYMBOL: DAK FEBRUARY 6, 1998 CALGARY, ALBERTA--DAKOTA RESOURCES LTD. is pleased to announce that it has secured a commitment from The Bank of Montreal for a capital loan of $300,000 for the acquisition of FASTWAY EXPLORATION LTD. Dakota is very pleased with this achievement; an established banking relationship is instrumental in realizing the long-term business plan. Secondarily, we are pleased to announce that we have partially filled the 1,000,000 private placement, with current commitments totaling $235,000 to date. Additionally, the company has received commitments for the exercise of outstanding warrants to yield proceeds of $185,850. The company contemplates closing the Fastway acquisition on or before February 13, 1998. Dakota is a junior company that is returning to its roots in the oil and gas sector, specifically in service. Fastway represents the first acquisition in this regard. The company has added a website and email address which are www.telusplanet.com/public/dakotar and Dakota_Resources@telusplanet.net.

To: Postman who wrote (8884)	2/6/1998 4:02:00 PM
From: Herb Duncan	Read Replies (1) \| Respond to of 15196

CORP / United Tri-Star Resources Ltd. Company Announcement TSE SYMBOL: UTS FEBRUARY 6, 1998 TORONTO, ONTARIO--United Tri-Star Resources Ltd. is pleased to announce that Dennis A. Sharp, P. Eng. has agreed to the join the Board of Directors. In addition the Board ratified Mr. Sharp's appointment as Chairman and Chief Executive Officer at a meeting on February 5, 1998. Dr. Rudi Siegert, the retiring Chairman of United Tri-Star Resources Ltd. will remain on the Board. D. Campbell Deacon, the retiring CEO will remain a Director and President. Mr. Sharp has many years experience in the public and private energy sectors and most recently served as Chairman and CEO of CS Resources Limited, a company founded by Mr. Sharp and recently acquired by PanCanadian Petroleum Ltd. Mr. Sharp is a director of several companies and organizations including BC Research Inc. and the Calgary Philharmonic Society and was a Governor and immediate past Chairman of the Canadian Association of Petroleum Producers (CAPP). CAPP represents the upstream producing sector of the Canadian petroleum industry and its member companies produce more than 95 percent of Canada's crude oil and natural gas. Mr. Sharp's considerable experience and expertise in the oil and gas industry will be of real benefit to United Tri-Star Resources Ltd.