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Gold/Mining/Energy : CURLEW LAKE RESOURCES (CWQ-VSE) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Vickers who wrote (287)	6/18/1998 11:20:00 PM
From: Dale Schwartzenhauer	Read Replies (1) \| Respond to of 701

Today's Release: Two oil and gas properties to be sold for $326,000 Curlew Lake Resources Inc CWQ Shares issued 21,129,526 Jun 17 close $0.12 Thu 18 Jun 98 News Release Mr. Robert Pincombe reports 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 per cent 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 continuing projects without selling equity at this time. The company's operating partners advise that good progress is being made on the analysis and interpretation of data from recent wells, which will be used in planning the next stage of development in both the Turner Valley area of Alberta and in the Los Angeles area of California.