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

To: Herb Duncan who wrote (10944)	5/28/1998 4:03:00 PM
From: SofaSpud	Respond to of 15196

ENERGY TRUSTS / Optus Q1 Results OPTUS NATURAL GAS DISTRIBUTION INCOME FUND ANNOUNCES 1998 FIRST QUARTER RESULTS CALGARY, May 28 /CNW/ - OPTUS Natural Gas Distribution Income Fund announced today that for the three-month period ended March 31, 1998 it had revenues of $145.7 million and distributable income of $6.4 million. The total distributions for the quarter were $0.50 per unit at an annual rate of $2.00 per unit. OPTUS Natural Gas Distribution Income Fund is a Toronto Stock Exchange listed (OPT.UN) income trust which through Direct Energy Marketing Limited is Canada's largest independent natural gas marketing company, currently distributing natural gas to approximately 500,000 residential and small business customers in Ontario, Manitoba and Quebec. Direct Energy Marketing Limited supplies approximately 750 MMcf of gas per day to industrial, institutional and utility customers in North America. OPTUS has no external term debt and a market capitalization of $250 million -30- For further information: Lawrence S. Portigal, Investor Relations, Gary J. Drummond, President; Louis R. Dufresne, Senior Vice President, (403) 266-6393

To: Herb Duncan who wrote (10944)	5/28/1998 4:08:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Gulf Canada VP Appointment HENRY SYKES JOINS GULF CANADA AS SENIOR VICE PRESIDENT AND GENERAL COUNSEL DENVER, COLORADO, May 28 /CNW/ - Gulf Canada Resources Limited is pleased to announce that Mr. Henry Sykes will join the Company as Senior Vice President Business Development and General Counsel. Mr. Sykes will be based in Calgary. Mr. Sykes has practiced with the Calgary-based law firm Bennett Jones Verchere for the past 15 years, primarily in the areas of mergers and acquisitions, securities and corporate law. He received a Bachelor of Arts degree from McGill University and a law degree from the University of Toronto. ''Henry has worked closely with Gulf for the past three years. He has an excellent understanding of the company, many years of oil and gas experience and demonstrated business acumen,'' said Richard Auchinleck, President and Chief Executive Officer of Gulf Canada. ''He is a strong addition to our management team.'' -30- For further information: Gulf Canada Resources Limited, Investor Relations and Public Affairs, (303) 813-3800