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

To: SofaSpud who wrote (11469)	6/26/1998 6:55:00 AM
From: Herb Duncan	Read Replies (1) \| Respond to of 15196

FINANCING / Maxwell Announces Private Placement ASE, VSE SYMBOL: MWL JUNE 25, 1998 CALGARY, ALBERTA--The Board of Directors of Maxwell Oil & Gas Ltd. wish to advise that the Company has raised net proceeds of approximately $0.4 million through a private placement of flow-through shares priced at $1.20 per share. Securities issued under this placement are subject to a twelve month hold period and Alberta Stock Exchange approval. Proceeds from the offering will be used to supplement funding of Maxwell's ongoing exploration program.

To: SofaSpud who wrote (11469)	6/26/1998 6:58:00 AM
From: Herb Duncan	Respond to of 15196

FIELD ACTIVITIES / Information for Kensington Shareholders Regarding Recent Draig Well ASE SYMBOL: KNN.A KNN.B JUNE 25, 1998 CALGARY, ALBERTA--Kensington Energy Ltd. ("Kensington") wishes to advise its shareholders of additional relevant information in response to the June 23 press release of Draig Energy Ltd. ("Draig") stating that Draig plans to place a newly-drilled gas well in the Hanna area on production at a rate of 4 mmcf/d (3.9 mmcf/d net to Draig). Kensington shareholders should also be aware of the following: - this well is a horizontal well drilled into an existing gas pool within approximately 35 meters of a Draig producing vertical well. - this gas pool has been producing since 1965. - Draig will be required to shut-in its vertical well resulting in an offsetting loss of production. - Draig's Hanna gas plant is licensed for 5.15 mmcf/d and had throughput in April of 2.4 mmcf/d. Therefore Draig should not be able to increase its incremental net production by 3.9 mmcf/d through this gas plant as it currently exists unless other production has declined since April. Kensington's Class A Shares and Class B Shares trade on The Alberta Stock Exchange under the symbols KNN.A and KNN.B, respectively.

To: SofaSpud who wrote (11469)	6/26/1998 7:01:00 AM
From: Herb Duncan	Respond to of 15196

FINANCING / Shiningbank Energy Announces Closing of $11.1 Million Special Warrant Financing TSE SYMBOL: SHN.UN JUNE 25, 1998 CALGARY, ALBERTA--Shiningbank Energy Management Inc., manager of the Shiningbank Energy Income Fund (the "Fund"), is pleased to announce that the Fund has completed the closing of its previously announced private placement of 1,200,000 special warrants at a price of $9.25 per special warrant for gross proceeds of $11,100,000. The proceeds of the financing will be used to reduce debt accumulated through purchases of oil and gas properties subsequent to the Fund's last equity financing. CIBC Wood Gundy Securities Inc. acted as underwriter for the financing. Shiningbank Energy Income Fund is an oil and gas royalty trust and its units are listed on The Toronto Stock Exchange under the trading symbol "SHN.UN".

To: SofaSpud who wrote (11469)	6/26/1998 7:03:00 AM
From: Herb Duncan	Respond to of 15196

EARNINGS / Harbour Petroleum Announces Financial Advisor TSE SYMBOL: HRP JUNE 25, 1998 CALGARY, ALBERTA--Harbour Petroleum Company Limited has engaged Jennings Capital Inc. as its financial advisor to seek business combinations and review strategic alternatives. Harbour Petroleum Company Limited has 27,882,847 outstanding common shares and is listed on The Toronto Stock Exchange - symbol HRP.

To: SofaSpud who wrote (11469)	6/26/1998 7:06:00 AM
From: Herb Duncan	Respond to of 15196

SERVICE SECTOR / HEGCO Canada - Completion Program of El Grande #1 Commences ASE SYMBOL: HEG JUNE 25, 1998 EDMOND, OKLAHOMA--HEGCO Canada Inc. is pleased to announce that the completion program of the El Grande well in Arkansas commenced yesterday, June 24, 1998. The program includes the shooting of additional perforations in the Arbuckle formation, a high volume acid fracture treatment of one or more intervals, followed by production flow testing. HEGCO Canada, Inc., is an Alberta, Canada corporation trading on the Alberta Stock Exchange under the symbol "HEG". The Corporation is an oil and gas production, servicing and drilling company operating in Oklahoma and Arkansas. On Behalf of the Board: Douglas C. Hewitt, Chairman

To: SofaSpud who wrote (11469)	6/26/1998 7:07:00 AM
From: Herb Duncan	Respond to of 15196

CORP / Michael Kanovsky Joins Board of Cabre TSE SYMBOL: CBE JUNE 25, 1998 CALGARY, ALBERTA--The directors of Cabre Exploration Ltd. are pleased to announce that Mr. Michael Kanovsky, B.Sc., MBA, P.Eng. has joined the Company's Board of Directors effective June 25, 1998. Mr. Kanovsky is a graduate of Queens and Western Ontario universities with an engineering and MBA degree, respectively. He has 25 years of experience in the investment industry and oil and gas exploration, development and service industries. He is a co-founder and Director of Northstar Energy Corporation, which has a current market capitalization of $700 million. Mr. Kanovsky also sits on the Board of PowerLink Corporation of Portland, Oregon, as Chairman and Director, was Chairman of Taro Industries Limited, is the former Vice-Chairman of Precision Drilling Inc. and sits on the Boards of Kappa Energy Company Inc. and Bonavista Petroleum Inc. He is also a director of ARC Resources Ltd. and the AGF North American Insurance Group. Mr. Kanovsky is also involved in community services. He served until recently as Vice Chairman of the Alberta Children's Hospital, is past Alberta Chairman of the Young Presidents' Organization and sits on the Advisory Board of the University of Western Ontario's Richard Ivey School of Business. The directors of Cabre feel Mr. Kanovsky's experience, energy and expertise will be valuable resources in continuing the Company's growth. Cabre Exploration Ltd. is a mid-sized oil and gas exploration and production company based in Calgary and employing 118 people. Its operations are primarily based in Alberta but includes exploration and development in Egypt and Morocco. Current production is 10,250 barrels of oil and 60 million cubic feet of gas daily. The Company has 16,933,208 issued and outstanding shares which trade on The Toronto Stock Exchange under the symbol CBE.