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


To: Kerm Yerman who wrote (11483)6/26/1998 5:07:00 PM
From: Kerm Yerman  Respond to of 15196
 
SERVICE SECTOR / BW Technologies Ltd. Obtains $1.2 Mil Contract

BW TECHNOLOGIES SUBSIDIARY SECURES MAJOR CONTRACT

CALGARY, June 25 /CNW/ - BW Technologies Ltd. (BWT-ASE) reports that its
United Kingdom subsidiary, Engineering for Science and Industry Limited (ESI)
has secured a $1.2 million contract for the design, procurement and
installation of a fire protection system. The system will be installed on a 91
metre oil production barge being constructed by Expro North Sea Limited at
Great Yarmouth, UK. It includes water and foam fire suppression equipment to
be located at oil processing areas and walkways as well as at the helideck and
drill platform. The system design will be approved by Lloyds of London prior
to construction. Project completion is scheduled for November 1998.




To: Kerm Yerman who wrote (11483)6/26/1998 5:10:00 PM
From: Kerm Yerman  Read Replies (3) | Respond to of 15196
 
CORP. / Stampede Oils Inc. Extends Expiry Date For Warrants

STAMPEDE EXTENDS CLASS I WARRANTS AND CLASS II WARRANTS

CALGARY, June 25 /CNW/ - Stampede Oils Inc. announces that, subject to
regulatory approval, it has extended the expiry date for the exercise of Class
I Warrants from June 30, 1998 to September 30, 1998 and for the exercise of
Class II Warrants from September 30, 1998 to November 30, 1998. Two Class I
Warrants will entitle the holder thereof to purchase one common share at any
time on or before 4:30 p.m. (local time) on September 30, 1998 at an exercise
price of $1.00 per common share. Four Class II Warrants will entitle the
holder thereof to purchase one common share on or before 4:30 p.m. (local
time) on November 30, 1998 at an exercise price of $2.00 per common share.



To: Kerm Yerman who wrote (11483)6/26/1998 5:12:00 PM
From: Kerm Yerman  Respond to of 15196
 
CORP. / Bearcat Explorations Ltd. Extends Warrants Expiry Date

BEARCAT EXTENDS SERIES A WARRANTS AND SERIES B WARRANTS

CALGARY, June 25 /CNW/ - Bearcat Explorations Ltd. announces that,
subject to regulatory approval, it has extended the expiry date for the
exercise of Series A Warrants from June 30, 1998 to September 30, 1998 and for
the exercise of Series B Warrants from September 30, 1998 to November 30,
1998. Two Series A Warrants will entitle the holder thereof to purchase one
common share at any time on or before 4:30 p.m. (local time) on September 30,
1998 at an exercise price of $1.50 per common share. Five Series B Warrants
will entitle the holder thereof to purchase one common share at any time after
July 1, 1998 and on or before 4:30 p.m. (local time) on November 30, 1998 at
an exercise price of $3.00 per common share.



To: Kerm Yerman who wrote (11483)6/26/1998 5:36:00 PM
From: Kerm Yerman  Read Replies (1) | Respond to of 15196
 
FIELD ACTIVITIES / Tanganyika Oil Co Egyptian Seismic Program
Commences

TANGANYIKA OIL COMPANY LTD.
VSE SYMBOL: TYK
JUNE 25, 1998

Tanganyika Oil: Egyptian Seismic Program Commences

CALGARY, ALBERTA--Tanganyika Oil Company Ltd. is pleased to
announce that its wholly owned subsidiary, Dublin International
Petroleum (Egypt) Limited, has commenced a seismic acquisition
program in the West Gharib Block, onshore Gulf of Suez, Egypt.
The survey, consisting of 240 kilometers of 2D and 35 square
kilometers of 3D seismic, is designed to further delineate 9
prospects and leads identified from existing data and to evaluate
other unexplored lands in the concession.

Tanganyika is encouraged by recent discoveries in the Gulf of Suez
announced by Amoco and Pennzoil which flowed 18,800 BOPD and 6,000
BOPD respectively, both from the Miocene Rudeis Sand, being the
primary reservoir target throughout the basin. These discoveries,
located within 10 kilometers of the West Gharib Block, attest to
the effectiveness of state-of-the-art geophysics in a mature but
complex basin.

The West Gharib Block, which was granted effective June 1, 1998,
is the largest concession awarded in the Gulf of Suez basin,
encompassing 2,530 square kilometers (630,000 acres). The
interests of Tanganyika's partners in the concession, GHP
Exploration Ltd. (30 percent) and Drucker Petroleum Ltd. (20
percent), are held in trust until a deed of assignment is approved
by the Egyptian government.