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


To: Herb Duncan who wrote (11078)6/3/1998 7:22:00 PM
From: SofaSpud  Respond to of 15196
 
APPOINTMENT / Coral Energy

CORAL ENERGY CANADA INC. NAMES NEW PRESIDENT

CALGARY, June 3 /CNW/ - Coral Energy Canada Inc. announced today the
appointment of Jim Locke to the position of President, effective June 1, 1998.
Mr. Locke previously held the position of Coral Energy Canada Senior Vice
President.
Mr. Locke joined Coral Energy Canada in 1997, following its acquisition
of Cibola Canada Energy Marketing, a natural gas marketing company he
co-founded in 1991. He will relocate from Coral's Eastern Office in
Kitchener, Ontario to assume his new position in Calgary.
Coral Energy Canada Inc. was formed in May 1997 when the natural gas
marketing operations of Shell Canada Limited were merged into Coral Energy,
L.P. Shell Canada indirectly obtained a minority equity ownership in Coral
Energy, L.P., with the remaining ownership jointly held by Shell Oil Company
and Tejas Energy, LLC.
Coral Energy Canada Inc., headquartered in Calgary, is a major natural
gas marketing company, with volumes of about 1.5 billion cubic feet per day
(BCF/d). It is an affiliate of Houston-based Coral Energy, L.P., one of North
America's largest natural gas, power and financial services companies.

-30-
For further information: Jimmy Fox, Coral Energy, L.P., (713) 241-8554,
Patricia Butler, Coral Energy Canada Inc., (403) 216-3574