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

To: Kerm Yerman who wrote (11373)	6/21/1998 5:17:00 PM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

MARKET ACTIVITY/ WEEKEND EDITION OF TRADING NOTES JUNE 21 1998 (12) Crown Public Offering of Petroleum and Natural Gas rights in Alberta Petroleum & Natural Gas Sales Results For JUNE 10, 1998 Parcel Percent Client Name Bonus($) $ / Ha ---------------------------------------------------------------------- PLAINS A0001 100% J. M. HUBER CANADA LIMITED 17,039.36 133.12 A0002 100% J. M. HUBER CANADA LIMITED 18,013.44 140.73 A0003 100% J. M. HUBER CANADA LIMITED 11,000.32 171.88 A0004 100% J. M. HUBER CANADA LIMITED 1,010.56 15.79 A0005 100% J. M. HUBER CANADA LIMITED 2,026.88 31.67 A0006 100% J. M. HUBER CANADA LIMITED 12,048.00 188.25 A0007 70% HANNA OIL AND GAS COMPANY 2,038.40 6.37 30% FIREFLY RESOURCES LTD A0008 100% CANADA SOUTHERN PETROLEUM LTD 9,671.00 37.78 A0009 100% CANADA SOUTHERN PETROLEUM LTD 12,727.00 49.71 A0010 100% QUEST ENERGY INC. 11,312.00 176.75 A0011 100% QUEST ENERGY INC. 2,416.00 75.50 A0012 100% NEUTRINO RESOURCES INC. 327.68 5.12 A0013 100% BELMONT ENERGY LTD. 10,535.00 41.15 A0014 100% ENRON OIL CANADA LTD 7,034.88 27.48 A0015 100% CYPRESS ENERGY INC. 40,604.00 158.61 A0016 100% ACANTHUS RESOURCES LTD. 55,209.00 215.66 A0017 100% LANDIN RESOURCES LTD. 27,435.52 107.17 A0018 100% SCOTT LAND & LEASE LTD 33,761.28 131.88 A0019 100% CANADIAN NATURAL RESOURCES LTD 5,880.32 22.97 A0020 100% CANADIAN NATURAL RESOURCES LTD 5,880.32 22.97 A0021 100% CANADIAN 88 ENERGY CORP 9,154.00 35.76 A0022 100% CANADIAN NATURAL RESOURCES LTD 8,440.32 32.97 A0023 100% CANADIAN 88 ENERGY CORP 4,276.00 66.81 A0024 100% SCOTT LAND & LEASE LTD 55,701.00 217.58 A0025 100% BRITT RESOURCES LTD 56,778.24 221.79 A0026 100% RENAISSANCE ENERGY LTD. 11,288.00 22.05 A0027 100% RENAISSANCE ENERGY LTD. 11,288.00 22.05 A0028 100% RENAISSANCE ENERGY LTD. 5,684.00 22.20 A0029 100% RENAISSANCE ENERGY LTD. 5,684.00 22.20 A0030 100% DRAIG ENERGY LTD. 36,381.00 142.11 A0031 100% THE SOO LINE RESOURCE GROUP LTD. 52,977.28 827.77 A0032 100% CANADIAN 88 ENERGY CORP 35,154.00 137.32 A0033 100% NORTHROCK RESOURCES LTD. 81,397.76 317.96 A0034 75% ALTAQUEST ENERGY CORPORATION 27,824.64 108.69 25% TRANS WORLD OIL & GAS LTD A0035 100% RENAISSANCE ENERGY LTD. 78,552.00 613.69 A0036 50% BRIGDON RESOURCES INC 27,300.00 106.64 50% FLETCHER CHALLENGE ENERGY CANADA A0037 100% APACHE CANADA LTD. 5,102.40 1,063.00 A0038 100% ANTELOPE LAND SERVICES LTD 111,707.52 581.81 A0039 75% ALTAQUEST ENERGY CORPORATION 13,912.32 108.69 25% TRANS WORLD OIL & GAS LTD A0040 75% ALTAQUEST ENERGY CORPORATION 6,892.16 107.69 25% TRANS WORLD OIL & GAS LTD A0041 100% STANDARD LAND COMPANY INC. 4,295.68 16.78 A0042 100% POCO PETROLEUMS LTD. 40,445.44 157.99 A0043 100% POCO PETROLEUMS LTD. 40,445.44 157.99 A0044 100% BRISTOL LAND & LEASING LTD. 26,700.00 208.59 A0045 100% WESTERN LAND SERVICES CO. LTD. 51,000.00 1,062.50 MAVERICK LAND CONSULTANTS (87) 39,104.00 611.00 A0047 100% POST ENERGY CORPORATION 35,254.00 137.71 A0048 100% ARCHER RESOURCES LTD 6,656.00 26.00 A0049 100% WESTERN LAND SERVICES CO. LTD. 65,068.80 338.90 A0050 100% RUSTUM PETROLEUMS (1993) LIMITED 10,883.00 42.51 A0051 100% RUSTUM PETROLEUMS (1993) LIMITED 26,321.00 102.82 A0052 100% TIER ONE ENERGY CORP. 1,304.00 5.09 A0053 100% RENAISSANCE ENERGY LTD. 21,588.00 42.16 A0054 90% SUNFIRE ENERGY CORPORATION 56,407.04 110.17 10% CONTACT EXPLORATION INC. A0055 100% RENAISSANCE ENERGY LTD. 52,884.00 206.58 A0056 100% CANADIAN NATURAL RESOURCES LTD 11,742.72 45.87 A0057 100% CANADIAN NATURAL RESOURCES LTD 3,650.56 14.26 A0058 100% CANADIAN NATURAL RESOURCES LTD 10,667.52 41.67 A0059 100% CANADIAN NATURAL RESOURCES LTD 28,638.72 111.87 NORTHERN A0060 100% ALLIED LAND SERVICES (1978) LTD 157,154.56 1,227.77 A0061 100% MAVERICK LAND CONSULTANTS (87) 94,023.68 734.56 A0062 100% CANADIAN LANDMASTERS RES SERV 164,858.88 643.98 A0063 100% BRIO ENERGY CORPORATION 154,117.12 602.02 A0064 100% CANADIAN LANDMASTERS RES SERV 322,045.44 1,257.99 A0065 100% MERIDIAN LAND SERVICES (90) LTD 81,466.88 318.23 A0066 100% CAVALIER LAND LTD 188,305.92 735.57 A0067 100% WESTERN LAND SERVICES CO. LTD. 39,168.00 153.00 A0068 100% CANADIAN COASTAL RESOURCES LTD 667,699.20 1,738.80 A0069 100% CANADIAN LANDMASTERS RES SERV 260,928.00 1,359.00 A0070 100% NEWPORT PETROLEUM CORPORATION 22,412.80 175.10 A0071 100% CANADIAN LANDMASTERS RES SERV 185,603.00 1,450.02 A0072 100% NEWPORT PETROLEUM CORPORATION 22,163.20 173.15 A0073 100% GENESIS EXPLORATION LTD 31,713.28 123.88 A0074 100% MAVERICK LAND CONSULTANTS (87) 27,648.67 108.00 A0075 100% MAVERICK LAND CONSULTANTS (87) 54,784.67 214.00 A0076 100% CANADIAN LANDMASTERS RES SERV 111,825.92 218.41 A0077 100% CANADIAN LANDMASTERS RES SERV 43,153.92 337.14 A0078 100% PETROLAND SERVICES (1986) LTD 42,068.48 164.33 A0079 100% ANTELOPE LAND SERVICES LTD 61,839.36 483.12 A0080 100% VENATOR PETROLEUM COMPANY LTD. 27,404.00 107.05 A0081 100% PARAMOUNT RESOURCES LTD. 17,351.68 67.78 A0082 100% WESTERN LAND SERVICES CO. LTD. 21,647.36 84.56 A0083 100% ANTELOPE LAND SERVICES LTD 105,244.16 411.11 A0084 100% ANTELOPE LAND SERVICES LTD 83,598.08 653.11 A0085 100% ANTELOPE LAND SERVICES LTD 83,598.08 653.11 A0086 No Offers A0087 100% PETRO-CANADA 52,979.00 206.95 A0088 100% CAVALIER LAND LTD 187,819.52 733.67 A0089 100% MAVERICK LAND CONSULTANTS (87) 23,774.72 92.87 A0090 100% CANADIAN NATURAL RES LTD 6,648.32 25.97 A0091 100% GENESIS EXPLORATION LTD 7,073.28 27.63 A0092 100% GENESIS EXPLORATION LTD 11,179.52 43.67 A0093 100% UNION PACIFIC RESOURCES INC. 41,213.44 321.98 A0094 100% PETROLAND SERVICES (1986) LTD 4,439.04 17.34 A0095 100% CABRE EXPLORATION LTD 355,554.56 2,777.77 A0096 100% ANTELOPE LAND SERVICES LTD 81,026.56 316.51 A0097 100% PIONEER LAND SERVICES LTD 22,382.08 87.43 A0098 100% PROGRESS ENERGY LTD. 24,640.00 77.00 A0099 100% DEVON ENERGY CANADA CORPORATION 2,068.48 32.32 A0100 100% ANTELOPE LAND SERVICES LTD 17,280.00 135.00 A0101 100% DEVON ENERGY CANADA CORPORATION 16,252.80 84.65 A0102 100% BRISTOL LAND & LEASING LTD. 264,604.00 1,033.61 A0103 100% ANTELOPE LAND SERVICES LTD 40,339.20 210.10 A0104M To Be Announced A0105M To Be Announced A0106 70% HANNA OIL AND GAS COMPANY 1,374.72 5.37 30% FIREFLY RESOURCES LTD A0107 70% HANNA OIL AND GAS COMPANY 1,374.72 5.37 30% FIREFLY RESOURCES LTD A0108 100% FIRSTLAND ENERGY LIMITED 814.00 12.72 A0109 100% FIRSTLAND ENERGY LIMITED 814.00 12.72 A0110 100% FIRSTLAND ENERGY LIMITED 814.00 12.72 A0111 100% FIRSTLAND ENERGY LIMITED 814.00 12.72 A0112 100% CHARTER LAND SERVICES LTD. 5,744.64 22.44 A0113 100% CHARTER LAND SERVICES LTD. 8,079.36 31.56 A0114 100% CHARTER LAND SERVICES LTD. 8,104.96 31.66 A0115 100% CHARTER LAND SERVICES LTD. 6,000.64 23.44 A0116 100% CHARTER LAND SERVICES LTD. 8,130.56 31.76 A0117 100% MAVERICK LAND CONSULTANTS (87) 40,704.64 636.01 A0118 100% PHILLIPS PETROLEUM RES LTD. 5,297.28 82.77 A0119 100% PHILLIPS PETROLEUM RES LTD. 27,589.12 107.77 FOOTHILLS A0120 100% CHARTER LAND SERVICES LTD. 156,812.80 612.55 A0121 100% CANADIAN LANDMASTERS RES SERV 1,416,652.80 5,533.80 ** LEASES AREA BONUS ($) HECTARES $ / HA -------- ------------- ------------ ---------- PLAINS 1,464,521.52 12,820.8000 114.23 NORTHERN 4,346,755.50 11,968.0000 363.20 FOOTHILL 1,573,465.60 512.0000 3,073.18 -------- ------------- ------------ ---------- TOTAL : 7,384,742.62 25,300.8000 291.88 PLAINS B0001 100% RENAISSANCE ENERGY LTD. 62,888.00 35.09 B0002 100% PINNACLE RESOURCES LTD 40,320.00 52.50 B0003 100% RENAISSANCE ENERGY LTD. 32,772.00 42.67 B0004 100% RENAISSANCE ENERGY LTD. 56,772.00 73.92 B0005 100% RENAISSANCE ENERGY LTD. 21,652.00 28.19 B0006 100% CANADIAN NATURAL RES LTD 58,624.00 57.25 NORTHERN B0007 100% CANADIAN COASTAL RESOURCES LTD 772,354.56 1,005.67 B0008 100% WINDFALL RESOURCES LTD 620,016.64 1,210.97 B0009 100% BLUE RANGE RESOURCE CORPORATION 334,080.00 435.00 B0010 100% CANADIAN LANDMASTERS RES SERV 436,483.20 454.67 B0011 100% TOWNSHIP LAND CO. LTD. 540,495.00 703.77 B0012 100% BEAU CANADA EXPLORATION LTD 22,720.00 88.75 B0013 100% AGADIR RESOURCES INC 40,307.20 157.45 B0014 100% AGADIR RESOURCES INC 423,255.04 826.67 B0015 100% CAVALIER LAND LTD 635,481.60 827.45 B0016 100% CAVALIER LAND LTD 239,549.44 467.87 B0017 100% SCOTT LAND & LEASE LTD 1,040,384.00 2,032.00 B0018 100% CHARTER LAND SERVICES LTD. 585,016.32 1,142.61 B0019 100% CABRE EXPLORATION LTD 127,083.52 248.21 B0020 100% CABRE EXPLORATION LTD 8,509.44 16.62 B0021 100% CABRE EXPLORATION LTD 181,578.24 236.43 B0022 100% CABRE EXPLORATION LTD 111,477.76 217.73 B0023 100% ALLIED LAND SERVICES (1978) LTD 584,812.00 761.47 B0024 100% UNIT ENERGY CANADA INC. 55,792.00 217.94 B0025 100% MAVERICK LAND CONSULTANTS (87) 68,344.32 266.97 B0026 100% RENAISSANCE ENERGY LTD. 115,982.00 151.02 B0027 100% CHARTER LAND SERVICES LTD. 81,162.24 52.84 B0028 100% NEUTRINO RESOURCES INC. 260,316.16 312.88 B0029M To Be Announced B0030M To Be Announced B0031M To Be Announced B0032 50% STAR OIL & GAS LTD. 88,320.00 345.00 50% UMC RESOURCES CANADA LTD B0033 100% MAVERICK LAND CONSULTANTS (87) 40,736.64 212.17 B0034 100% MAVERICK LAND CONSULTANTS (87) 39,200.64 204.17 B0035 100% SCOTT LAND & LEASE LTD 170,240.00 266.00 B0036 100% SCOTT LAND & LEASE LTD 102,679.04 84.44 B0037 100% SCOTT LAND & LEASE LTD 84,207.24 68.41 B0038 100% GULF CANADA RESOURCES LIMITED 170,219.52 110.82 B0039 100% SYMMETRY RESOURCES INC. 391,872.00 408.20 B0040 100% ANTELOPE LAND SERVICES LTD 189,102.08 184.67 B0041 100% STANDARD LAND COMPANY INC. 28,876.80 22.56 B0042 100% PIONEER LAND SERVICES LTD 127,500.00 249.02 B0043 100% WASCANA ENERGY INC. 104,947.20 136.65 FOOTHILLS B0044 100% S. E. SIM & ASSOCIATES LAND 637,427.20 995.98 B0045 100% WINDFALL RESOURCES LTD 64,427.52 251.67 B0046 100% WINDFALL RESOURCES LTD 6,904.32 26.97 B0047 100% WINDFALL RESOURCES LTD 128,855.04 251.67 B0048 50% PETRO-CANADA 111,802.88 62.39 50% CONOCO CANADA LIMITED B0049 50% PETRO-CANADA 613,867.52 342.56 50% CONOCO CANADA LIMITED B0050 50% PETRO-CANADA 112,189.92 63.17 50% CONOCO CANADA LIMITED LICENCES AREA BONUS ($) HECTARES $ / HA -------- ------------- ------------ ---------- PLAINS 273,028.00 5,888.0000 46.37 NORTHERN 8,823,101.84 23,630.9200 373.37 FOOTHILL 1,675,474.40 7,024.0000 238.54 -------- ------------- ------------ ---------- TOTAL : 10,771,604.24 36,542.9200 294.77 COMBINED LEASES AND LICENCES ** AREA BONUS ($) HECTARES $ / HA -------- ------------- ------------ ---------- PLAINS 1,737,549.52 18,708.8000 92.87 NORTHERN 13,169,857.34 35,598.9200 369.95 FOOTHILL 3,248,940.00 7,536.0000 431.12 -------- ------------- ------------ ---------- TOTAL : 18,156,346.86 61,843.7200 293.58

To: Kerm Yerman who wrote (11373)	6/22/1998 12:52:00 PM
From: SofaSpud	Respond to of 15196

PIPELINES / Westcoast - Centra - Manitoba ruling Westcoast Subsidiary Centra Gas Manitoba Receives Manitoba Public Utilities Board Decision VANCOUVER, BRITISH COLUMBIA--Westcoast Energy Inc. (Westcoast) today received the results of the decision by the Manitoba Public Utilities Board (MPUB) on the 1998 General Rate Application by Westcoast's subsidiary Centra Gas Manitoba (Centra).ÿ In particular, Westcoast responded to the portion of the decision related to the recovery of natural gas costs.ÿ Centra's application requested recovery of approximately $46 million related to increased gas costs for the period of November and December 1997 and for 1998.ÿ The MPUB approved the recovery of $18.5 million of the amount requested.ÿ The affect of the decision on Westcoast's 1998 earnings, on an after-tax basis, is expected to be approximately $15 million.ÿ The implications of the decision on future capital expenditures in Manitoba and legal redress are still under consideration. The MPUB has expressed the view that Centra's actions in regards to price management were imprudent.ÿ In response, Westcoast has indicated that Centra has operated a technical natural gas trading program since 1995.ÿ In 1996, the program, the trading team, the management team, and the checks and balances in place delivered lower gas costs to consumers.ÿ In 1997, the same program, the same trading team, and the same processes were subject to an unprecedented volatile natural gas pricing market which lead to a significant increase in Centra's gas costs. Centra Gas Manitoba is a wholly-owned subsidiary of Westcoast Energy Inc.ÿ It is the gas distribution utility serving approximately 240,000 customers in the province of Manitoba.ÿ Westcoast Energy Inc., (TSE:W; NYSE:WE) headquartered in Vancouver, British Columbia, has assets of approximately $10 billion.ÿ The company's interests include natural gas gathering and processing facilities, gas transportation and storage facilities, gas distribution companies as well as power generation, international and energy services businesses. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Westcoast Energy Inc. Art Willms President (604) 488-8004 or Westcoast Energy Inc. Tom Merinsky Investor Relations (604) 488-8021 or Westcoast Energy Inc. Paul Clark Corporate Communications (604) 488-8093