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

To: SofaSpud who wrote (11100)	6/17/1998 2:35:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Dalton Resources Strachen Well Update CALGARY, June 16 /CNW/ - Dalton Resources Ltd. (DAL.ASE) advises that completion operations commenced at the Strachan 3-22-8-39W5M well on June 1, 1998. Minor mechanical problems have been encountered, extending the time required to finish the planned program. Normal operations are continuing and will be completed in due course. Participants of the well have agreed to maintain a tight hole status on the Strachan well and are not at liberty to disclose pertinent data at this time.

To: SofaSpud who wrote (11100)	6/17/1998 2:38:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / ATCO Group Announces Merger Of Gas Companies CALGARY, June 16 /CNW/ - ATCO Group announced today Canadian Utilities will be merging its natural gas subsidiaries, Canadian Western Natural Gas Company Limited and Northwestern Utilities Limited and creating a province wide distribution company and an intra-Alberta transmission company. The new distribution company will continue to deliver gas from the transmission systems to customers. The new transmission company will transport gas for customers through high pressure pipelines outside urban areas within Alberta. This creation of separate transmission and distribution businesses will provide meaningful efficiencies for customers and pre-emptively position the company for future competition. Subject to approval by the Alberta Energy and Utilities Board, the merger is expected to be completed by year end. The President of the new gas distribution company, headquartered in Edmonton, will be Chris Sheard, currently President of Northwestern Utilities and the President of the new gas transmission company, based in Calgary, will be Doug Graham, currently President of Canadian Western Natural Gas. Most staff at Canadian Western and Northwestern will not be affected by this realignment, however some organizational changes will occur to accommodate the new structure. The ATCO Group is engaged in electric power generation, transmission and distribution; natural gas gathering, processing, transmission, storage and distribution; workforce housing; industrial noise abatement; technical services and facilities management.

To: SofaSpud who wrote (11100)	6/17/1998 2:42:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Husky Oil Ltd. To Expand Lloydminster Upgrader HUSKY PLANS UPGRADER EXPANSION CALGARY, June 16 /CNW/ - Husky Oil Limited announced today plans to more than double the size of its Lloydminster Upgrader. Pending regulatory approval, the proposed expansion will increase production capacity of all products from approximately 69,000 barrels per day to an ultimate potential capacity of 150,000 barrels per day, said John C.S. Lau, Husky's Chief Executive Officer. ''This proposed project is part of Husky's continuous strategic investment in the Lloydminster area,'' said Lau. ''The project will help to ensure the long-term growth in heavy oil production in Saskatchewan and Alberta and bring important economic benefits to those provinces.'' The Upgrader now produces approximately 54,000 barrels per day of synthetic crude oil and 15,000 barrels of oil equivalent per day of its other products - diluent, petroleum coke, and sulphur. The increased capacity will be realized through the construction of several new processing units and the expansion of associated facilities using proven technology. It is estimated that the expansion will cost approximately $500 million. It will provide up to 1,450 person years of employment during the design and construction period including 1,000 peak period jobs and up to 75 permanent jobs once in operation in 2001. Pending regulatory approval and finalization of all commercial arrangements, plans are to begin construction during the second half of 1999. Estimates are that construction will take between 24 and 26 months. Provincial benefits when operating would include considerable tax revenue and indirect employment of about 200 people. Public information sessions are planned to answer questions and gather input on the proposed project. Sessions will take place June 24, 1998 at the Wayside Inn - Canadian Room from 4 to 8 p.m. in Lloydminster and June 25, 1998 at the Marshall Community Hall from 4 to 8 p.m. in Marshall, Saskatchewan. Husky staff will be present to share information and answer questions. Input from this process will be included in Husky's submission to Saskatchewan Environment and Resource Management. The facility, which will be built within the existing industrial site, will be designed to meet all regulatory requirements and guidelines and will operate within current license and permit allowances. The Husky Oil Lloydminster Upgrader is designed to take heavy oil and bitumen feedstock and process it into high quality, low sulphur synthetic crude oil. Conventional refineries can then process the synthetic crude oil into premium transportation fuels and petrochemical feedstocks. Husky Oil Limited is a Canadian-based integrated oil and gas company headquartered in Calgary, Alberta. The Company's operations include the exploration for and development of crude oil and natural gas, as well as the production, purchase, transportation, upgrading, refining and marketing of crude oil, natural gas, natural gas liquids, sulphur and petroleum coke, and the marketing of refined products, including asphalt.

To: SofaSpud who wrote (11100)	6/17/1998 2:45:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

FIELD ACTIVITIES / Exiter Oil & Gas Drilling Update EXETER OIL & GAS LIMITED CALGARY, June 16 /CNW/ - Exeter Oil & Gas Limited is pleased to announce that it has now successfully completed the fourth well in the company's earlier announced 1998 six well drilling program. The well Exeter et al Clive 9-23-40-24W4M was drilled to a total depth of 6014 feet and completed as a Nisku oil well. On initial testing the well flowed at a sustained rate of 146 barrels of crude oil and 915 thousand cubic feet of natural gas per day. During the next month the well will be tied into processing and sales facilities in the nearby area. Of the four wells drilled to date under the program two have been completed as oil wells, one has been cased as a potential gas well and one was drilled and abandoned. The company also advises that it has spud the fifth well in the program, Exeter et al Gunn 12-18-55-3W5M. The well is expected to reach its total depth of 4510 feet within the next week. Exeter Oil & Gas Limited is a publicly traded resource company with shares listed on the Vancouver Stock Exchange (trading symbol ''EOL''). This release has neither been approved nor disapproved by the Vancouver Stock Exchange.