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To: Arnie who wrote (9995)	4/7/1998 8:32:00 PM
From: Herb Duncan	Respond to of 15196

FINANCING / Thunder Energy Inc. Announces Special Warrant Financing TSE SYMBOL: THY APRIL 7, 1998 CALGARY, ALBERTA--Thunder Energy Inc. (THY - TSE) announced today it has entered into a Special Warrant bought deal financing with an underwriting syndicate led by FirstEnergy Capital Corp. and including Sprott Securities Limited. Thunder will issue 2,500,000 Special Warrants entitling warrant holders to acquire one Thunder common share at a price of $2.00 for total gross proceeds of $5,000,000. The financing is scheduled to close on April 29, 1998 and is subject to regulatory approval. Proceeds from this issue will be used to accelerate and expand Thunder's 1998's capital program. Thunder will increase its emphasis on natural gas exploration and development to take advantage of strengthening prices and a large inventory of gas prospects in its core areas. Thunder Energy is a Calgary based oil and gas exploration company operating in Alberta. Thunder's shares are traded on the Toronto Stock Exchange under the trading symbol "THY".

To: Arnie who wrote (9995)	4/7/1998 8:36:00 PM
From: Herb Duncan	Respond to of 15196

FIELD ACTIVITIES / Lundin Oil AB 1998 Drilling Programme to Start in Early June Latest Discovery Increases Oil Reserves by 94 Percent. STOCKHOLM STOCK EXCHANGE: LOIL B TSE SYMBOL: LOI NASDAQ SYMBOL: LOILY APRIL 7, 1998 STOCKHOLM, SWEDEN--Lundin Oil AB ("Lundin Oil") is pleased to announce that its 1998 drilling programme consisting of eight high potential wells will commence in early June with the kick-off of a five-well exploration/appraisal drilling campaign on Block PM-3 CAA offshore Malaysia/Vietnam where the Company has a 41.44 percent interest. Shortly thereafter a two-well appraisal programme will commence on the Company's NC177 Block onshore Libya which is held by Lundin Oil (40 percent) and Red Sea Oil Corp. (60 percent) (owned 61 percent by Lundin Oil). Finally the year will end with a frontier exploration well offshore the Falklands Islands on Tranche "F" which is 100 percent held by Sodra Petroleum AB ("Sodra"). Sodra is currently conducting a new share issue, which, if fully subscribed, will make Sodra 50 percent owned by Lundin Oil. Although Falklands is last on the list, the semi-submersible Borgny Dolphin which will be utilized has already been mobilized and will drill three wells for other Falklands operators prior to starting on Tranche F around October. Ian H. Lundin, President of Lundin Oil AB commented as follows: "1998 will be an extremely exciting year for Lundin Oil in terms of appraising our existing discovery in Libya, establishing substantial additional reserves in Malaysia/Vietnam and taking a shot at the possible discovery of a new oil province in the Falklands. Last year's drilling campaign yielded three discoveries (out of four exploration wells), two in Malaysia/Vietnam and one in Libya. Our technical review of the Libya discovery has established the En Naga North field contains recoverable reserves of approximately 84 million barrels of oil (64.3 million barrels net to Lundin Oil). This almost doubles our existing oil and condensate reserves and is a major milestone in the development of the Company. Similar success in our 1998 drilling campaign will further transform the Company as we enter the next millenium." Lundin Oil AB is a Swedish independent oil and gas exploration and production company with activities in nine countries world-wide. The Company has production in the United Kingdom and in Malaysia/Vietnam, as well as an oil discovery in Libya and a gas discovery in Papua New Guinea. Booked proven and probable reserves amount to 162 million barrels of oil equivalents (BOE), of which 67.1 million BOE is oil and condensate. The booked reserves do not include the Papua New Guinea gas reserves, the Libya discovery or the latest Malaysia/Vietnam discoveries.

To: Arnie who wrote (9995)	4/7/1998 8:38:00 PM
From: Herb Duncan	Respond to of 15196

MEDIA / Energy Marketers Urge Government Action on Licensing, Self Regulation APRIL 7, 1998 TORONTO, ONTARIO--Ontario's four largest energy marketers to residential customers are urging the provincial government to proceed without delay in licensing and granting self regulation to the residential retail energy marketing industry. In a letter to Jim Wilson, the Minister of Energy, Science and Technology, representatives of Direct Energy Marketing Limited, Alliance Gas Management Inc., Enershare Technology Corporation and National Gas Wholesalers advise the government to learn from mistakes made in the process of introducing competition to the natural gas market. Together, the four companies serve close to one million customers or about 80 percent of the province's direct purchase small volume market. "Competition has paid huge dividends to gas customers in Ontario. For example, today prices are lower than they were prior to 1986, when competition was first introduced. However, the monopoly ended and competition began without adequate explanation and information for consumers and this has led to some public confusion and unfortunate business practices by a small number of people in our industry. The best guarantee of a healthy marketplace is a well informed public and an industry able to police itself. For example, salespeople should be registered and standards enforced." "With your government soon to open the giant $10 billion a year electricity market to full competition, we recommend that you act quickly to reassure consumers and establish effective ground rules for the whole energy industry," the letter states. "As a reputable business proud of our high standards of customer service, we are urging the minister to take the necessary steps to inform the public and give our industry the tools it needs to police itself. We share the government's belief in the value of competition to consumers and we want to help in any way we can to restore and maintain public confidence," said Nino C. Silvestri, spokesperson for the group and Senior Vice-President of Direct Energy Marketing Limited. All four companies are members of the Ontario Energy Marketers Association, which has hired Edward Waitzer, former head of the Ontario Securities Commission, to bring forward recommendations on the licensing and self regulation of the residential retail energy marketing industry. Those recommendations will be provided to the government and are expected to be made public later this month. "We are trying to resolve problems in our own industry and we want to help prevent such difficulties as the government proceeds to open competition in the electricity field," said Silvestri.