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

To: SofaSpud who wrote (11101)	6/17/1998 2:48:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. / Cavell Energy Corp. Appoints New VP Of Exploration CAVELL ENERGY CORPORATION (KVL:TSE) ANNOUNCES APPOINTMENT OF NEW VICE-PRESIDENT OF EXPLORATION AND DEVELOPMENT CALGARY, June 16 /CNW/ - Murray D. McCartney, President and CEO of Cavell Energy Corporation is pleased to announce the appointment of Wallace G.W. King, P.Geol. to the position of Vice-President of Exploration and Development. Mr. King has over 20 years of experience as a geologist in successive positions of increasing responsibility. Mr. King has established a solid reputation as a successful geologist with an impressive record of discoveries. Previously, Mr. King was Vice-President of Exploration with another junior oil company. In his new role, Wallace will be responsible for the supervision and management of exploration, exploitation and development activities of the company. Cavell Energy Corporation is a growth and earnings oriented junior oil and gas company. Cavell is committed to enhancing shareholder value by focusing its core strategic objectives on low to medium risk, high netback oil and gas opportunities.

To: SofaSpud who wrote (11101)	6/17/1998 2:51:00 AM
From: Kerm Yerman	Respond to of 15196

NEB / Application For Maritimes Received NEB RECEIVES APPLICATIONS FROM MARITIMES & NORTHEAST PIPELINE FOR THE CONSTRUCTION OF PIPELINE LATERALS TO HALIFAX AND SAINT JOHN CALGARY, June 16 /CNW/ - The National Energy Board has received applications from Maritimes & Northeast Pipeline Management Ltd. (''M&NP''), on behalf of Maritimes & Northeast Pipeline Limited Partnership, for approval to construct natural gas pipeline laterals to Halifax, Nova Scotia and Saint John, New Brunswick. For the Halifax lateral, M&NP proposes to construct 121 kilometres (75 miles) of 323.9 millimetre (12 inch) outside diameter pipeline and associated facilities from its mainline near Stellarton, Nova Scotia to Nova Scotia Power's Tufts Cove generation station. The current volume of natural gas requested for transportation on the proposed lateral is approximately 1.7 million cubic metres (60.0 million cubic feet) per day. The estimated capital costs of the project is $74 million and the proposed in-service date is 1 November 1999. For the Saint John lateral, M&NP proposes to construct approximately 102 kilometres (63 miles) of 406.4 millimetre (16 inch) outside diameter pipeline and associated facilities from its mainline near Big Kedron Lake, New Brunswick to the City of Saint John. M&NP also proposes to construct approximately 8 kilometres (5 miles) of 168.3 millimetre, (6 inch) outside diameter pipeline and associated facilities from a point on the lateral to the Lake Utopia area. The current volume of natural gas requested for transportation on the lateral is approximately 3.7 million cubic metres (130.6 million cubic feet) per day. The estimated capital costs of the project is $91 million and the proposed in-service date is 1 November 1999. M&NP expects that large industrial and core market demand for natural gas will grow once distribution franchises contemplated by the provinces of Nova Scotia and New Brunswick are in place.