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

To: Kerm Yerman who wrote (11305)	6/18/1998 3:43:00 PM
From: Kerm Yerman	Read Replies (4) \| Respond to of 15196

PROPERTY DISPOSITION / Curlew Lake Resources Inc. Sells Alberta Properties CWQ-VSE NEWS RELEASE Date: Thu, 18 Jun 1998 11:15:29 -0700 The Company has entered into interim agreements which, when completed, will result in the sale of two oil and gas properties in Alberta for a total of $326,000. Included, in two separate agreements, are a producing property in the Chestermere area and a non-producing property in the Wimborne area. The Company will retain a 5% gross overriding royalty on the Wimborne property. Company management determined that it would be prudent, in view of the uncertain conditions currently prevailing in both commodity and stock markets, to eliminate debt and provide funds for ongoing projects without selling equity at this time. Our operating partners advise us that good progress is being made on the analysis and interpretation of data from recent wells, which will be utilized in planning the next stage of development in both the Turner Valley area of Alberta and in the Los Angeles area of California. We expect to receive information on the timing of these next active programs in the near future.

To: Kerm Yerman who wrote (11305)	6/18/1998 5:23:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. / Cantex Energy To Declare Dividend CANTEX ENERGY INC. INTENDS TO DECLARE DIVIDEND Date: 6/17/98 10:21:37 AM Stock Symbol: CTXE Cantex Energy Inc. (the "Company") wishes to announce that it intends to declare a dividend payable to all shareholders of record of the Company as of the close of business on June 17, 1998 (the "Record Date"). The dividend will consist of the pro rata distribution of all of the common shares of the Company's wholly-owned subsidiary, Findore Gold Resources Ltd. ("FGRL"). The Company will announce the exact dividend ratio upon receiving confirmation of its issued and outstanding capital as of the Record Date. The Dividend will be paid on July 17, 1998. For further information, please contact Mr. David Ellis or Mr. Colin Halanen, Investor Relations Representatives of the Company, at(416) 363-1570 or visit the Company's website at web.licity.com. Total shares issued and outstanding 11,472,647.

To: Kerm Yerman who wrote (11305)	6/18/1998 5:39:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

APPOINTMENT / Blue Range COO BLUE RANGE RESOURCE CORPORATION ANNOUNCES APPOINTMENT OF CHIEF OPERATING OFFICER CALGARY, June 18 /CNW/ - Mr. J. Gordon Ironside, President and Chief Executive Officer, Blue Range Resource Corporation is pleased to announce the appointment of Mr. Douglas O. McNichol, P. Eng., as Chief Operating Officer of the Company. Since joining Blue Range in 1995, Mr. McNichol has been involved in business development, property acquisition and disposition, exploitation, and engineering activities. Mr. McNichol has over 18 years of diverse experience in the Canadian oil and gas business and has held positions of increasing responsibility with Hudson's Bay Oil and Gas Company Limited, Merland Explorations Limited, North Canadian Oils Limited and Norcen Energy Resources Limited. Blue Range is a natural gas exploration, development, production, processing and marketing company based in Calgary, Alberta. The Company concentrates its activities on liquid-rich natural gas prospects in Central Alberta, Northwest Alberta and Northeast British Columbia. Blue Range's common shares are listed for trading on The Toronto Stock Exchange and The Alberta Stock Exchange under the symbol BBR.A. THIS INFORMATION HAS NEITHER BEEN APPROVED NOR DISAPPROVED BY THE TORONTO AND ALBERTA STOCK EXCHANGES. -30- For further information: J. Gordon Ironside, President or Douglas O. McNichol, (403) 231-6361

To: Kerm Yerman who wrote (11305)	6/18/1998 5:40:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Ram Petroleums in Colombia RAM PETROLEUMS LIMITED AIRU-1 -- PRODUCTION TESTING Listed: The Toronto Stock Exchange Trading Symbol: RPL.A TORONTO, June 18 /CNW/ - Ram Petroleums Limited announces that it has received an interpretation from Ecopetrol, the Colombian state oil company, of the pressure information obtained during testing of the Airu-1 discovery well drilled on its 321,000 acre Rio Putumayo Association Contract in which Ram has a 100% working interest. An Ecopetrol engineer and Ram's engineer were present at the well for all logging and testing operations conducted. Although attempts at testing the well were complicated by mechanical problems, sufficient data was retrieved to estimate the productive capacity of the interval from 6022 feet to 6032 feet. The productive capacity of this interval is between 541 and 566 barrels of oil per day according to these calculations. No formation water has been recovered from this interval and the oil produced was high quality light crude of 29 API gravity. Ram management feels that these results accurately reflect the potential of this interval in its current condition, but that a substantially greater flow rate can be achieved by further completion work. Perforating the well bore below the ten feet currently perforated, increasing the number of shot holes in the existing interval or a chemical treatment of the open interval are options to increase the well's flow rate. The Airu-1 well has established the presence of a third productive structure on the Rio Putumayo Association block. The previously drilled structures are the Mandur-4/Caiman-4 structure, discovered by Texaco in 1967, and the Mecaya-1 structure, discovered by Ecopetrol in 1989. Estimated recoverable reserves from these three structures are in excess of ten million barrels. Development of these reserves is economic with a $12.00 price per barrel for West Texas Intermediate and a ten well development program with initial production rates of 500 barrels of oil per day per well. Ram is currently discussing possible joint venture or business combinations which would allow field development to continue. Ram's next location is eight kilometers south of Airu-1 and is bounded on the north by an east-west wrench fault which may provide a permeability barrier in the sandstone, greatly increasing potential reserves. -30- For further information: please contact Richard Opekar, President at (416) 362-8885, Fax (416) 362-8601, website www.rampetroleums.com

To: Kerm Yerman who wrote (11305)	6/18/1998 5:43:00 PM
From: SofaSpud	Read Replies (13) \| Respond to of 15196

CORP. / Oxbow Shareholder Rights Plan OXBOW EXPLORATION INC. - SHAREHOLDER RIGHTS PLAN AMENDED CALGARY, June 18 /CNW/ - OXBOW EXPLORATION INC. (TSE:OXB) announced that after consultation with shareholders of Oxbow, other interested parties, and Fairvest Securities Corporation, the Board of Directors resolved to amend its Shareholder Rights Plan (the ''Plan''), subject to shareholder and regulatory approval. The Plan has been submitted for shareholders' approval and ratification at the special and annual meeting of the shareholders of Oxbow scheduled for June 19, 1998. The Plan has been amended to provide that: (a) the rights may only be redeemed by Oxbow with the consent of the shareholders of Oxbow; and (b) except with the consent of the shareholders of Oxbow, the Board of Directors of Oxbow may only waive the application of the Plan with respect to a takeover bid if such takeover bid is made by way of a formal takeover bid circular and such waiver shall only act as a waiver of other takeover bids if they are also made by way of a formal takeover bid circular. The amendments to the Plan also contain a number of amendments to the definition of ''acquiring person, associate and beneficial ownership''. The amendments have the effect of providing additional certainty in the calculation of beneficial ownership of shares owned by shareholders in terms of the occurrence of certain triggering events under the Plan. The Board of Directors did not adopt the Plan in response to, nor is Oxbow aware of, any pending or threatened takeover bid. OXBOW EXPLORATION INC. is a full cycle exploration and development oil and gas company located in Calgary. Its operations extend throughout the Western Canadian Sedimentary Basin. OXBOW is listed on the Alberta and Toronto Stock Exchanges under the trading symbol ''OXB''. -30- For further information: Geoff Williams or Don Schott, (403) 237-8944, Fax: (403) 262-2828