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

To: Herb Duncan who wrote (9539)	3/12/1998 8:37:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / NCE Energy Trust, (NCA.UN) March Distribution Ten Cents ($0.10) Per Unit TSE, ME SYMBOL: NCA.UN MARCH 12, 1998 TORONTO, ONTARIO--John Driscoll, President of NCE Resources Group, announced today that NCE Energy Trust has declared a cash distribution of ten cents ($0.10) per unit for the month of March, 1998. Date payable The distribution is payable on March 31, 1998, to holders of record on March 18, 1998. Distributions are made monthly. Oil prices A warm winter in the major oil consuming regions and reduced consumption in Asia have resulted in high inventories and lower prices. In addition, OPEC over-production and member nations' inability to reach consensus on quotas have contributed to the current excess supply. On February 28, 1997, oil was priced at $20.30 U.S. West Texas Intermediate (WTI). On February 28, 1998, it was $15.34 WTI. Current price The price for NCE Energy Trust on the Toronto Stock Exchange at the close of the market, March 11, 1998, was $7.10 per unit. continued over page NCE Energy Trust NCE Energy Trust is an income trust designed to acquire oil and gas companies. The units trade on the Montreal Exchange and The Toronto Stock Exchange under the symbol NCA.UN. /T/ Distributions Distributions to date are: Month Distributions per unit September 1997 $0.05 October 1997 $0.05 November 1997 $0.09 December 1997 $0.13 January 1998 $0.10 February 1998 $0.10 March 1998 $0.10 ----------------------------------------- Total: $0.62 ----------------------------------------- /T/ NCE Resources Group NCE Resources Group was formed in 1984 as an oil and gas investment management organization. NCE investment funds have interests in over 5,000 wells. NCE employs approximately 130 people in the areas of engineering, land management, marketing, geology, accounting, finance and investor relations. It provides a full range of technical, operational, administrative and investor services. Based on total oil and gas production, NCE ranks among the top 30 oil and gas companies in Canada. /T/ More information Hours of service (x): Monday -- Thursday 8 a.m. - 8 p.m. Fridays 8 a.m. - 6 p.m. Eastern Time (x) except on Canadian statutory holidays. e-mail: info@nceresources.com Website: www.nceresources.com /T/