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

To: Kerm Yerman who wrote (9055)	2/16/1998 8:04:00 PM
From: Herb Duncan	Respond to of 15196

FIELD ACTIVITIES / Primeline Confirms Substantial East China Sea Gas Discovery VSE SYMBOL: PEH FEBRUARY 16, 1998 LONDON, ENGLAND--Primeline Energy Holdings Inc. (PEH.V) ("Primeline," the "Company"), which announced a significant new gas discovery in the East China Sea in October 1997, wishes to announce the results of its post-discovery evaluation of the 'Vicky-1' (LS 36-1-1) well, located in Block 32-32 of the East China Sea. The reserve calculation, prepared by management, based on the analysis of the well testing data, laboratory data of the samples collected from the well in addition to seismic data, indicates most likely recoverable reserves of 660 billion cubic feet (bcf) of natural gas for the reservoir defined by Vicky-1. Initial post- drilling evaluation has identified a potential recoverable resource of over 4 trillion cubic feet (tcf) of gas in nearby traps within a 20km radius of Vicky-1. This discovery has revealed that the Lishui Sub-basin of the East China Sea has a proven hydrocarbon system. More than 10 additional prospects have been identified in Block 32/32, a 6,000 sq. km (1.5 million acres) concession block which covers much of the Lishui Sub-basin. The Company has a 30-year production sharing contract on Block 32/32 with China National Offshore Oil Corp. (CNOOC). This spring, the Company intends to supplement its initial evaluation with 3D seismic data before commencing with the drilling of appraisal wells. Primeline Energy Holdings Inc. is exclusively focused on oil and gas exploration and upstream opportunities in China. The Company's shares are listed on the Vancouver Stock Exchange under the symbol "PEH." On behalf of the Board of Directors: Mr. Peter C. Kelty, Director of Primeline Energy Holdings Inc.

To: Kerm Yerman who wrote (9055)	2/16/1998 8:06:00 PM
From: Herb Duncan	Respond to of 15196

CORP / Humboldt Capital Corporation Increases its Interest in Brittany Energy Inc. and Nycan Petroleum Corp. VSE SYMBOL: HMB FEBRUARY 16, 1998 CALGARY, ALBERTA--Humboldt Capital Corporation advises that it has acquired, through a private transaction, 938,000 common shares of Brittany Energy Inc. and 1,673,235 Class A common shares of Nycan Petroleum Corp., for a total consideration of $900,000. The purchase of Brittany shares increases Humboldt's holdings in Brittany to 2,047,500 common shares and 400,000 special warrants, convertible into Brittany common shares at no additional cost to Humboldt. Mr. R.W. Lamond is Chairman of the Board of Humboldt and holds approximately 59 percent of the outstanding shares of Humboldt. Humboldt, together with Mr. Lamond, own 3,682,730 common shares of Brittany and 600,000 Brittany special warrants. This represents 34 percent of the outstanding shares of Brittany, 33 percent assuming the conversion of all special warrants. The purchase of Nycan shares increases Humboldt's holding in Nycan to 5,710,735 Class A common shares. Humboldt, together with Mr. Lamond own 6,786,735 Class A common shares, or approximately 20 percent of the outstanding shares of Nycan. The share acquisitions are for investment purposes and both Humboldt and Lamond may from time to time increase their beneficial ownership of shares in the companies, but do not have any current intention of acquiring any additional shares in either company. Humboldt is a venture capital investment company with holdings primarily in the resource industry.