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

To: Kerm Yerman who wrote (11341)	6/20/1998 4:36:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / Prime Energy Trust Nonthly Distribution PRIMEWEST ENERGY TRUST ANNOUNCES MONTHLY DISTRIBUTION ADJUSTMENT Date: 6/19/98 8:24:30 AM Stock Symbol: PWI.UN PrimeWest Energy Trust ("PrimeWest") announced today that due to continuing low crude oil prices, PrimeWest has prudently chosen to reduce its monthly distribution rate to $0.06 per trust unit from $0.08 per trust unit effective with the July 15, 1998 distribution, to Unitholders of record on June 30, 1998. Income exceeding this monthly distribution amount will be paid out through special distributions to Unitholders on a quarterly basis. PrimeWest is reducing its monthly distribution levels to mitigate the risk of funding distributions from debt. In so doing, PrimeWest is ensuring the long-term financial strength of the Trust. PrimeWest remains optimistic about its forecast production levels during 1998 and 1999. PrimeWest is currently forecasting production to increase over the balance of 1998 as the benefits of the property enhancement activities are realized. PrimeWest is aggressively pursuing natural gas property enhancement activities which will provide immediate cash flow and distribution support in the current strong natural gas price market. Additionally, PrimeWest continues to forecast improvements in world crude oil price markets later in 1998 as crude supply and demand come back into balance. A significant portion of PrimeWest's estimated production increases are scheduled to take effect during the third and fourth quarter, when both oil and gas prices are forecast to be higher. PrimeWest's units trade through the facilities of The Toronto Stock Exchange under the symbol "PWI.UN".

To: Kerm Yerman who wrote (11341)	6/20/1998 4:49:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

CORP. / Calahoo Petroleum Ltd Share Consolidation CALAHOO PETROLEUM LTD. - SHARE CONSOLIDATION Date: 6/19/98 3:47:31 PM Stock Symbol: CLX Calahoo Petroleum Ltd, (TSE trading symbol CLX) wishes to advise that its common shares have been consolidated on a 3 (old) for 1 (new) basis and will begin trading on a consolidated basis on the Toronto Stock Exchange at the opening of trading on Monday June 22, 1998. Calahoo has sent out letters of transmittal to its shareholders on June 16, 1998. On a consolidated basis the Company now has 23.8 million basic shares outstanding (27.1 million fully diluted). The depository for the common shares is the Montreal Trust Company of Canada through its primary offices in Calgary and Toronto.