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

To: Arnie who wrote (10500)	5/2/1998 6:40:00 AM
From: Herb Duncan	Respond to of 15196

CORP / Abacan Resource Relocates From Calgary to Houston TSE SYMBOL: ABC NASDAQ SYMBOL: ABACF MAY 1, 1998 HOUSTON, TEXAS--Abacan Resource Corporation, (TSE:"ABC":, NASDAQ:"ABACF") today announced the permanent relocation of its corporate office from Calgary, Alberta to Houston, Texas. Effective May 1, 1998, the Corporation=s corporate Head Office will be at the following location: /T/ Abacan Resource Corporation Suite 140 14811 St. Mary's Lane Houston, Texas, 77079 USA Phone: (281) 721-0552 Fax: (281) 721-0560 /T/

To: Arnie who wrote (10500)	5/2/1998 6:46:00 AM
From: Herb Duncan	Respond to of 15196

FINANING / First Star Energy Completes Private Placement ASE SYMBOL: FST MAY 1, 1998 CALGARY, ALBERTA--First Star Energy Ltd. ("First Star") announces that it has completed a private placement of Units, each Unit comprised of 1 common share and 1 share purchase warrant. The private placement was to 1 Alberta subscriber and 5 Offshore subscribers for a total of 2,000,000 Units at a subscription price of $0.65 per Unit for gross proceeds of $1,300,000. Each warrant is exercisable for 1 year at a price of $0.85 per share. Canaccord Capital Corporation assisted in the private placement and received a cash commission of 10 percent of the gross proceeds plus a number of warrants equal to 5 percent of the number of Units sold. Canaccord's warrants are exercisable for 1 year at a price of $0.85 per share. The officer responsible for issuance of this press release and who may be contacted for further information is John E. Squarek, President.