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

To: SofaSpud who wrote (11210)	6/13/1998 6:21:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Ridgeway Petroleum Arizona Update RIDGEWAY PETROLEUM CORP. - ARIZONA/NEW MEXICO CO(2)/HELIUM PROJECT CALGARY, June 11 /CNW/ - Ridgeway Petroleum Corp. has completed it's delineation drilling program with six (6) wells on the New Mexico portion of the field now cased and being prepared for production testing including a horizontal well with a 1000' lateral section in the lower Riggs Sand. A total of eighteen (18) wells have now been drilled including three (3) dry holes that have delineated the field to the north, northwest and the west while the southeast is still open for future exploration. It is expected to take up to six months of testing of all zones in the fifteen (15) wells to fully evaluate their production capability. This is a key step in proving that the Project has the capability to support a pipeline to move the CO(2) to market. State of the art digital testing equipment designed and built for the Ridgeway Project is expected to be delivered to the Company about June 22, 1998 from Smith Thomson Inc., a Houston based subsidiary of Rawson & Company.

To: SofaSpud who wrote (11210)	6/13/1998 6:56:00 AM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

JCP - MAJOR TRANSACTION / Newbridge Resources Acquires Assets CALGARY, June 9 /CNW/ - NEWBRIDGE RESOURCES LTD. (the ''Corporation''), a junior capital pool corporation, wishes to update its shareholders with respect to the Corporation's status. The Board of Directors of the Corporation had approved the acquisition of 722013 Alberta Ltd. as set out in the Corporation's Information Circular and approved by the shareholders of the Corporation on September 18, 1997. The Corporation has agreed to acquire all of the issued and outstanding shares of 722013 Alberta Ltd. effective March 31, 1998, subject to resolution of outstanding financial and regulatory issues. The closing of the acquisition of all of the issued and outstanding shares of 722013 Alberta Ltd. has been delayed due to certain financial and regulatory issues related to its purchase of oil and gas assets from Matrix Resources Ltd. The Corporation shall exercise its due diligence to ensure that the financial and regulatory issues related to the assets described in the proposed Major Transaction will not negatively impact on future activities of the Corporation. Pending successful resolution of these issues by 722013 Alberta Ltd. and Matrix Resources Ltd., the Corporation will complete the acquisition of the issued and outstanding shares of 722013 Alberta Ltd. The ASE has also indicated that the Corporation will be required to complete a private placement financing of $500,000 as a condition of the Major Transaction. Currently these monies are not in place and final closing will be subject to the Corporation securing these monies. The Corporation is notifying its shareholders that pursuant to the audited financial statements for the period ending May 29, 1998, that it has a related party transaction in the amount of $97,868 as at December 31, 1997 by a company controlled by a director and major shareholder of the Corporation. Pursuant to the junior capital pool requirements of the Alberta Stock Exchange, the Corporation is prohibited from advancing monies to related parties prior to completing its Major Transaction. The Board resolved that Mr. Marc Dame would retire the full amount at not less than $5,000/month. Since the Board resolution, Mr. Dame has deposited a total of $20,000 toward the resolve of this issue. Mr. Dame is pledging his entire seed capital share position in the Corporation subject to the resolve of this issue which is anticipated within thirty days. Mr. Dame's seed share position was purchased for $50,000. Mr. Barry Stutsky had resigned effective February 28, 1998, as Director of the Corporation in order to pursue an overseas career opportunity. Mr. Ash Bhasin had resigned effective May 28, 1998, as Director of the Corporation. The Board has elected Mr. Peter Tsang as Chairman, CEO and President of the Corporation, and Ms. Brenda Stanger as Secretary-Treasurer and CFO. Mr. Marc Dame and Mr. Mark Komonoski remain as Directors of the Corporation. The Corporation intends to solicit one or more experienced and recognized executives of oil and gas assets to the Board concurrently with closing of the Major Transaction. Trading of the Corporation shares will be halted until resolution of the financial and regulatory issues related to the assets described in the proposed Major Transaction. Additional information related to these issues is expected within two weeks. The common shares of the Corporation trade through the facilities of The Alberta Stock Exchange under the stock symbol NBR.

To: SofaSpud who wrote (11210)	6/13/1998 9:12:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

CORP. / Western Star Exploration Normal Course Issuer Bid WESTERN STAR EXPLORATION LTD. CALGARY, June 12 /CNW/ - Western Star Exploration Ltd. (''Western Star'') (Trading Symbol: WSX) announced today that The Toronto Stock Exchange has accepted its notice to make a normal course issuer bid (the ''Bid'') to purchase, from time to time, as it considers advisable, up to 489,688 of its 9,793,753 currently issued and outstanding common shares (being no greater than 5% of the issued common shares of Western Star) on the open market through the facilities of The Toronto Stock Exchange. The price which Western Star will pay for any shares purchased by it will be the prevailing market price of such shares on The Toronto Stock Exchange at the time of such purchase. Common Shares acquired under the Bid will be cancelled. The Bid will commence on June 17, 1998 and will terminate on June 16, 1999 or such earlier time as the Bid is completed or terminated at the option of Western Star. Western Star believes that the acquisition of its common shares represents an appropriate use of funds as the market price of its common shares represents a discount to the fair value of such shares. The purchase of common shares will increase the proportionate interest of, and be advantageous to, all remaining shareholders.

To: SofaSpud who wrote (11210)	6/17/1998 1:43:00 AM
From: Kerm Yerman	Respond to of 15196

STOCK EXCHANGE / TSE Suspends Trading In Fracmaster Ltd. Installment Receipts CALGARY, June 15 /CNW/ - Fracmaster Ltd. (prior to May 14, 1998 the Corporation's name was Canadian Fracmaster Ltd.) announced today that The Toronto Stock Exchange (TSE) has suspended trading in Fracmaster instalment receipts (which trade under the symbol FMA.IR). The Canadian Dealing Network will facilitate continued trading of the instalment receipts on the ''over-the-counter'' market. Fracmaster common shares (which trade under the symbol FMA) continue to trade on the TSE, Montreal Exchange and the New York Stock Exchange. In September 1997, Alfred H. Balm sold 28,863,016 common shares in a secondary offering at a price of $19.50 per share payable in two instalments. The first instalment of $9.75 per share was paid at closing and the second and final instalment of $9.75 is payable on or before September 9, 1998. At the closing of the secondary offering, the Fracmaster common shares sold by Mr. Balm were pledged back to Balm to secure payment of the final instalment. Until full payment of the final instalment, beneficial ownership of pledged Fracmaster common shares is represented by the instalment receipts. The TSE stated that it had suspended trading in the instalment receipts because the market price of Fracmaster common shares had fallen below $9.75, the amount of the final instalment. As a consequence, in the opinion of the TSE, the instalment receipts had, in effect, a negative value. The TSE has further stated that the suspension from trading is not a reflection or comment on the financial condition of Fracmaster Ltd. Fracmaster Ltd. is an international oil and gas service and production company, which is listed on the New York Stock Exchange, the Toronto Stock Exchange and the Montreal Exchange and trades under the symbol ''FMA''. For further information on the Corporation, please visit the FMA website at fracmaster.com.