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

To: Kerm Yerman who wrote (9839)	4/1/1998 6:12:00 AM
From: Kerm Yerman	Respond to of 15196

PROPERTY ACQUISITION / Hanpton Court Resources Acquuires Land In Oklahoma HAMPTON COURT RESOURCES INC. ACQUIRES EXPLORATION LANDS IN ARKOMA BASIN(3) CALGARY, March 31 /CNW/ - Hampton Court Resources Inc. (ASE-HCR) and its partners in the Arkoma Joint Venture, Invader Exploration Inc. (ASE-INX), Plexus Energy Ltd. (ASE-PXU) and Peregrine Oil and Gas Ltd. (ASE-PGG) acquired 26,570 acres of exploration acreage located within the Arkoma Basin in northeastern Arkansas at a U.S. Federal land sale on March 26. These new lands are United States Federal leases which come with a 10 year primary term and a flat 12.5% royalty rate. This acquisition gives the Joint Venture a significant land position in six new prospect areas. The Arkoma Joint Venture has now acquired over 63,000 acres of prospective lands within the Arkoma Basin, a natural gas prone basin located in eastern Oklahoma and western Arkansas, U.S.A. The Joint Venture's Tulsa exploration office currently has 32 prospects in various stages of development. Drilling of a high potential exploration play will commence in May and the Joint Venture Partners plan to drill an additional 6 to 12 exploration wells during the balance of 1998. Spot gas prices in the area are currently over $2.00 (U.S.) per thousand cubic feet. Hampton Court holds a 25% interest in the Arkoma Project.

To: Kerm Yerman who wrote (9839)	4/1/1998 6:41:00 AM
From: Kerm Yerman	Respond to of 15196

ACQUISITIONS / Tudor Corp. Deal With International Hydrocarbons Off TUDOR CORPORATION LTD. (T.S.E. SYMBOL TDR) AND INTERNATIONAL HYDROCARBONS CORP. (A.S.E. SYMBOL IHY) CALGARY, March 31 /CNW/ - With respect to the previously announced proposed transactions, whereby Tudor was to acquire the Colorado oil and gas assets of IHC, we have been advised by the OSC that they have declined to grant IHC an exemption from OSC Policy 9.1 as it applies to related party transactions. As a result of this development, the sale of IHC of its oil and gas assets to Tudor will not proceed, nor will the subsequent proposed transaction be proceeding, namely the sale to IHC of the Universal Skate Sharpeners division of Tudor. At present IHC has 10 producing oil and gas wells in Colorado, approximately $700,000 cash and in excess of $800,000 in production equipment. No further drilling is contemplated until summer pending evaluation of last season's drilling program and analysis of the direction of oil prices. National gas pricing in Canada has not been affected by the failing oil prices and is currently well over $2.20/G.J. for two or three year contracts. Tudor has 16 capped gas wells and 16 sections of undrilled lands adjoining or in close proximity to these wells in East Central Alberta. Tudor is attempting to assemble a $6 million drilling, completion and tie-in program with respect to these lands. IHC intends to take 10% of this program. Numerous companies and limited partnership interests have inquired about participation in this project over the past few weeks and discussions are continuing. It is contemplated that Tudor will put its lands and wells into the project with the partners putting up the funding required to drill the additional wells, and put the production from the whole area on stream. The proceeds would be shared equally between Tudor and the partners. It is anticipated that, with the current wells capable of producing approximately 5 million cu. ft./day, the completed project should produce a total of 10,000,000 cu. ft./day, Tudor will continue to pursue its plans of becoming a pure oil and gas company. To this end, Tudor is preparing a business plan regarding its leather division and is negotiating with various firms regarding an IPO. Negotiations are also being explored with respect to spinning off its Universal Skate Sharpeners division into a public company.

To: Kerm Yerman who wrote (9839)	4/1/1998 6:49:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / Westrock Energy Income Fund I & II Distribution WESTROCK ENERGY INCOME FUND I & II MONTHLY CASH DISTRIBUTION NOTICE CALGARY, March 31 /CNW/ - WESTROCK ENERGY INCOME FUND I Monthly Cash Distribution Notice Notice is hereby given that a cash distribution at the rate of $0.0650 (six and one half cents) per unit will be payable on April 20, 1998, to all unitholders of record at the close of business on April 10, 1998. Consequently, the new trailing last twelve month distribution paid totals $1.45 (one dollars and forty-five cents) per unit. WESTROCK ENERGY INCOME FUND II Monthly Cash Distribution Notice Notice is hereby given that a cash distribution at the rate of $0.0600 (six cents) per unit will be payable on April 20, 1998, to all unitholders of record at the close of business on April 10, 1998. consequently, the new trailing last twelve month distribution paid totals $1.17 (one dollar and seventeen cents) per unit.

To: Kerm Yerman who wrote (9839)	4/1/1998 6:52:00 AM
From: Kerm Yerman	Respond to of 15196

NEB / TransCanada Pipelines 1998 Tolls Application NEB RECEIVES TRANSCANADA PIPELINES' 1998 TOLLS APPLICATION CALGARY, March 31 /CNW/ - The National Energy Board (the ''Board'') has received an application from TransCanada PipeLines Limited (''TransCanada'') for approval of final tolls the Company may charge for the period 1 April to 31 December 1998 for the transportation of natural gas to markets in Canada and the United States. TransCanada has been operating on interim tolls since 1 January 1998. In its application, TransCanada has forecasted a 1998 Gross Revenue Requirement of $1,951 million for its mainline operations. TransCanada has forecasted an overall Rate of Return of 9.46 per cent, compared with 9.85 percent that was approved for 1997. This includes a Rate of Return on Common Equity of 10.21 pet cent approved for 1998, as per the adjustment mechanism approved in the Multi-Pipeline Cost of Capital Decision (RH-2-94), a decrease from the 1997 rate of 10.67 per cent. TransCanada's deemed Common Equity Ratio remains at 30 per cent. The Eastern Zone Toll, calculated in the application, effective 1 April 1998, is 90.4 cents per gigajoule. The effect of the proposed Cost of Service on the 1998 Test Year volumes is to increase the annualized Eastern Zone Toll by 3.3 cents per gigajoule from the annualized 1997 Toll.

To: Kerm Yerman who wrote (9839)	4/1/1998 7:11:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / PrimeWest Energy Trust 8 Million Trust Units Issue PRIMEWEST ENERGY TRUST CLOSES EQUITY OFFERING 1998-03-31 CALGARY, ALBERTA PrimeWest is pleased to announce that it has closed a previously announced agreement to issue 8,000,000 trust units from treasury at a price of $7.80 per trust unit on a "bought deal" basis. The issuance was made to an underwriting syndicate led by CIBC Wood Gundy Securities Inc. and including Nesbitt Burns Inc., ScotiaMcLeod Inc., Midland Walwyn Capital Inc. and RBC Dominion Securities Inc. PrimeWest realized net proceeds of approximately $59.1 million after commissions and other expenses. The net proceeds of the offering will be used to finance the previously announced acquisitions of properties in the Grand Forks and Medicine Hat areas of southeastern Alberta. Both of these acquisitions are scheduled to close later today. Trust units of PrimeWest Energy Trust are traded on The Toronto Stock Exchange under the symbol "PWI.UN".