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Gold/Mining/Energy : first star energy FST on the ASE -- Ignore unavailable to you. Want to Upgrade?

To: viper who wrote (74)	4/22/1998 4:06:00 PM
From: Ed Pakstas	Respond to of 754

Good source...:-)... TKE - T 1.7 2.15 - 2.18 2.0 2.18 +0.43 561.8

To: viper who wrote (74)	4/22/1998 4:50:00 PM
From: Mr Metals	Read Replies (2) \| Respond to of 754

Check this out everyone. The following is from the Stock Group's Inside Oil Newsletter. To unsubscribe, simply send an email to: listserv@list.newshotline.com with ONLY the words: SIGNOFF INSIDEOIL in the body of the message. *********************************************************** For your information: Junior Oil & Gas Play This corporate profile was prepared by Noble House Investments Inc., Investor Relations Counselor to First Star Energy Ltd. The information furnished herein has been obtained from sources believed to be reliable. The accuracy or the completeness of the information is not guaranteed nor in providing it does Noble House assume any responsibilty or liability. This profile is not to be construed as an offer to sell or a solicitation on an offer to buy any securities. Noble House Investments Inc., its officers, employees and or members of their family may have a position in the securiteis described herein from time to time. FST @ ASE: FIRST STAR ENERGY LTD. Price: C$ .60 (52 Week: C$ 0.35 - 0.90) Issued & Outstanding: 5.0 million shares. Management Ownership: 30% HIGHLIGHTS The company is engaged in several plays throughout North America. The Strachan reef play is the current focus and drilling. The field potentially holds 1-2 Trillion cubic feet of gas and could increase First Star's net asset value to over $7.00/share. Main Play (Strachan) History: Consulting Geologist, Grant Pitcher has developed a geological model showing a highly potential reef structure may exist in the Strachan area as indicated by 2-D seismic. First Star and its parners acquired the leases on the play (16 1/2 sections) and farmed out to Apache Canada Ltd. (operator, a sub of Apache Corp. APA-N: $35 US); Dalton Resources, Loon Energy and Excelsior Petrolwums Ltd. Apache acquired 3-D seismic at their cost and decided to drill the well at a total cost of $4.2 million. Bear in mind that Mr. Pitcher is credited with the first 1.5 TCF Strachan Area gas discovery 3.0 miles to the South of First Star's acreage in the late '60's. Mr. Pitcher feels the data and evidence for drilling First Star's current play is more compelling than his previous discovery. KEY PROJECTS: Main Play: Up to 2.0 TCF potential Strachan gas play Ownership: FST 25% (APO): 20% BPO Total well cost: $4.2 M. FST portion is $ 840,000.00 Target depth is 4,479 meters 3-D Seismic shot by Apache (operator) Drilling started February 13, 75-90 days to drill Successful well could produce 20MM cu ft/day Recent purchasers in the Strachan area have paid up to $6000/hectare whereas First Star's average cost is $100/hectare. Beta Play: 1 TCF gas play potential in central Alberta 3600 acres 2-D seismic 25% interest Zeta Play: 38 MM bbls oil play in central Alberta 1280 acres (100%), negotiating rights to acquire another 3 sections MEDIUM IMPACT PROJECT: 20 BCF gas potential 4000 acres 27.5% interest First well drilled and cased to 8364 feet Tested a 1000 mcfd and currently being tied in At least two additional wells programmed for 1998 KEY MANAGEMENT: Robert Iverach, Q.C., Chairman of the Board John E. Squarek, President & CEO Robert F. Price, CFO Randall S. Marshall, VP Production Grant Pitcher, Consulting Geologist All of Calgary, Alberta FOR MORE INFORMATION, PLEASE CALL: Mr. Dan Patience, Noble House Investments Inc. Suite 2010, 444 - 5th Avenue S.W. Calgary, Alberta T2P-2T8 1-800-499-2388 fax: 403-266-5732 email: noble@cal.cybersurf.net or First Star Energy Ltd., Suite 1420, 734 - 7th Avenue S.W. Calgary, Alberta T2P-3T8 Web Site: firststarenergy.com ******************************************************* This Newsletter is a paid featured report sponsored by the company and has been sent to you free of charge. This is a service provided by Stock Research Group Inc. to public companies so they can disseminate recent developments, which may effect their share price. Stock Research Group Inc. makes no warrantees as to the accuracy or completeness of the above information. This is not an offer to buy and sell any security which can only be made through a registered representative. Mr Metals PS..WOW, $7.00:-)