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

To: Kerm Yerman who wrote (11311)	6/19/1998 4:53:00 PM
From: SofaSpud	Respond to of 15196

ENERGY TRUSTS / Pembina Distribution PEMBINA PIPELINE INCOME FUND DISTRIBUTION ANNOUNCEMENT CALGARY, June 19 /CNW/ - The Board of Trustees of Pembina Pipeline Income Fund has approved the cash distribution to Unitholders for the month of June. The distribution, totalling $4,994,000 or $0.08 per Trust Unit, will be payable to Unitholders of record June 30, 1998 and will be paid on July 15, 1998. Pembina Pipeline Income Fund is a Canadian income fund engaged, through its wholly owned subsidiary Pembina Pipeline Corporation, in the transportation of crude oil, condensate and natural gas liquids in Western Canada. The Fund's units trade as instalment receipts on the Toronto Stock Exchange under the symbol PIF.IR. The final instalment of $4.00 per unit is due October 23, 1998. -30- For further information: Glenys Hermanutz, Manager, Investor Relations, Pembina Pipeline Corporation, (403) 231-7427

To: Kerm Yerman who wrote (11311)	6/19/1998 4:54:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Rider Resources Subdivides Shares RIDER RESOURCES INC. ANNOUNCES SUBDIVISION OF SHARES CALGARY, June 19 /CNW/ - A special resolution to subdivide Rider's Class A Common Shares was approved by the Company's shareholders at it's Annual General & Special Meeting, held on May 12, 1998. The shares will be split on a two for one basis. The record date for the split will be July 6, 1998. The Corporation is of the opinion that the reduced price resulting from the subdivision of the shares, will increase retail participation and overall liquidity of the Class A Common Shares. In other news, Rider is pleased to welcome two new members to its Board of Directors. Derek C. Martin and Ernie M. Richardson were elected to the Board on May 12, 1998, and join B.E. Horner, B.J. Seaman and K.M. Horner as Rider's current Board of Directors. Rider's Class A shares are listed on The Toronto Stock Exchange under the symbol RRI.A. The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein. -30- For further information: B.E. (Elliott) Horner, President or Thomas K. Rouse, Vice President, Finance, RIDER RESOURCES INC., (403) 266-0844

To: Kerm Yerman who wrote (11311)	6/19/1998 4:57:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

ENERGY TRUSTS / Apollo Gas Distribution APOLLO GAS INCOME FUND TORONTO, June 19 /CNW/ - Apollo Gas Income Fund (''Apollo'') announced today that it has declared a quarterly cash distribution of $0.2040 per unit or $20.40 per 100 units, payable to unitholders of record on June 30, 1998. Such distribution is in accordance with the distribution forecasted for the period ended June 30, 1998 of $20.37 per 100 units disclosed in its prospectus dated April 23, 1998. Apollo will pay such cash distribution on July 30, 1998. $0.1394 of the cash distribution per unit represents interest income of Apollo and $0.0646 of the cash distribution per unit represents a return of capital on the redemption of Apollo Gas Inc. shares held by Apollo. The units of Apollo, represented by instalment receipts, are listed on The Toronto Stock Exchange. Apollo holds shares and notes in Apollo Gas Inc. which conducts a direct natural gas sale business to commercial and residential customers in B.C., Alberta, Ontario and Quebec. -30- For further information: David Shapira, Executive Vice-President and Chief Financial Officer of Enershare Management Inc., administrator of Apollo, at (416) 638-9317

To: Kerm Yerman who wrote (11311)	6/19/1998 4:59:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

ENERGY TRUSTS / Freehold Distribution FREEHOLD ANNOUNCES MONTHLY DISTRIBUTION AND UPDATES ACTIVITY CALGARY, June 19 /CNW/ - Freehold Royalty Trust declared a cash distribution for the month of June 1998 in the amount of five and three quarters cents ($0.0575). The payment will be made on July 15, 1998 to Unitholders of record on June 30, 1998. The Trust moved from quarterly to monthly distributions in April of this year. Working Interest Properties At the Berrymoor, Alberta light oil property which was acquired in 1997, Freehold participated in the recompletions of two wells and the drilling of three wells (average ownership of approximately 20%). The recompletions, along with one of the new wells now on production, has increased Freehold's share of estimated production from approximately 20 to 80 barrels of oil equivalent per day. Activity on Royalty Interest Lands Remains Strong Drilling activity levels are steady on lands where the Trust receives a royalty percentage of the production. As at the end of May this year, lessees had drilled a total of 33 wells (91% success rate) on Freehold's royalty lands, as compared to 40 wells at the same time last year. The number of natural gas wells drilled this year has almost doubled compared to last year. The 33 wells drilled to-date do not include unitized wells or wells drilled on the Swift Current, Saskatchewan lands acquired last year. As well, an additional 34 wells are licenced to be drilled. The effect of heavy oil shut-ins on Freehold's royalty lands has been minimal due to the diverse holdings of the royalties. Approximately 200 barrels of oil equivalent per day (6%) of the Trust's royalty production was shut-in during the second quarter. It is anticipated that shut-in wells will resume production once oil prices improve. Freehold Royalty Trust is a closed-end investment trust, which receives and distributes royalty income from a diversified asset base of high quality oil and gas properties. The Trust has 26.5 million Trust units outstanding and trades on the Toronto and Montreal stock exchanges under the symbol ''FRU.UN''. %SEDAR: 00002748E -30- For further information: Joe Holowisky, Vice-President, Finance/Administration & C.F.O., (403) 221-0855; or Karen Taylor, Manager, Corporate Communications, (403) 221-0891, Fax: (403) 221-0888, Toll-Free: (888) 257-1873