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

To: Kerm Yerman who wrote (11538)	6/30/1998 1:00:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / Westfort Energy WESTFORT ANNOUNCES EVALUATION RESULTS FROM LOGGING & CORING - PELAHATCHIE DEEP UNIT 18-4 NO. 1 WELL JACKSON, MISSISSIPPI, June 30 /CNW/ - Westfort Energy Ltd. symbol WT on the Toronto Stock Exchange, announced that the Schlumberger log analysis and laboratory core results together evidence that 14 zones are probable oil productive and total over 100 feet of oil saturation in the Lower Cretaceous formations. In addition, there was a total of over 50 feet of sands in the Cotton Valley and the Buckner/Haynesville formations that analyzed as probable gas productive. Most of the same Lower Cretaceous zones have been found to be productive in Pelahatchie field in offset wells. A zone at 11,300 feet analyzed particularly good, with over 15 feet of net pay. This same zone has been a target recently in the field, having had initial potential of over 1000 barrels of oil per day in a well in the northern part of the field and actual production averaging 160 barrels per day flowing the first year. The Cotton Valley zones have never been tested in the field. The Bucker/Haynesville zone was drill stem tested at an estimated 1,000,000 cubic feet per day in an offset well 3000 feet away. Westfort has successfully set 15,900 feet of 7'' casing, cemented same, changed out the drill string to 3-1 1/2'' and will recommence drilling of the Pelahatchie Deep Unit 18-4 No. 1 about mid day today. At total depth of 17,350 feet, the company will again run logs and take sidewall core samples to evaluate the Smackover and Norphlet zones which are expected to be encountered. The Johnny Rhodes 7-6 well being drilled in the north part of the field has reached a depth of 9477 feet. The one PDC bit employed to drill from 1700 feet to the present depth is now being pulled from the well and is to be replaced with a rock bit for the drilling to total depth. It is estimated that the bit trip will take 8 or 9 hours and drilling will recommence late this evening. The Toronto Stock Exchange has neither approved nor disapproved of this release. Whitney Pansano President -30- For further information: Grant Young, (604) 687-9887

To: Kerm Yerman who wrote (11538)	6/30/1998 2:24:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. / Commonwealth Energy Enters Into IR Arrangement COMMONWEALTH ENERGY CORP. ENTERS INTO AN INVESTOR RELATIONS PROGRAM WITH MR. MIKE SKERRY Date: 6/29/98 11:20:56 AM Stock Symbol: CWY Commonwealth Energy Corp. has entered into an Investor Relations Program with Mr. Mike Skerry. Mr. Skerry will provide an expanded level of awareness of Commonwealth to the investment community. The agreement provides that Mr. Skerry will receive $5,000 per month for a period of 12 months.

To: Kerm Yerman who wrote (11538)	6/30/1998 2:31:00 PM
From: Kerm Yerman	Respond to of 15196

PROPERTY ACQUISITION / Canadian Conquest Exploration Closes Purchase Of SE Saskatchewan Assets CANADIAN CONQUEST EXPLORATION INC. CLOSES PROPERTY ACQUISITION Date: 6/29/98 1:10:06 PM Stock Symbol: CCN Canadian Conquest Exploration Inc. ("Conquest") advises that it has closed the previously announced acquisition of a suite of assets in southwestern Saskatchewan. The assets acquired include a 42.50% working interest in the Instow South Upper Shaunavon Voluntary Unit and a 44.8% working interest in the East Beverly (Java) Cantuar Voluntary Unit, both of which are operated by Conquest. As a result of the acquisition, Conquest now has an 87.50% working interest in the Instow property and a 100% working interest in the Java property. As part of the acquisition, Conquest also acquired varying working interests in four other oil producing properties in Saskatchewan. The transaction, which has an effective date of January 1, 1998, will result in the addition of approximately 320 barrels per day of medium gravity crude oil production and proven plus risked probable reserves of approximately one million barrels of oil to Conquest's reserve base at a cost to Conquest of $3,365,000 prior to adjustments.

To: Kerm Yerman who wrote (11538)	6/30/1998 2:36:00 PM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

CORP. / Camberly Energy TSE Suspension Of Trading Comments CAMBERLY ENERGY LTD. - ANNOUNCEMENT Date: 6/29/98 5:06:39 PM Stock Symbol: CEL Camberly Energy Ltd. ("CEL" - TSE) announces that on Thursday, June 25, 1998 the company's Common Shares were suspended from trading for failure to meet the original listing requirements of the Toronto Stock Exchange. Camberly Energy Ltd, has been pursuing an acquisition of producing oil and gas assets since it divested all of its proven production in 1997. Because the Company has not yet completed an acquisition, the Exchange has deemed the Company to be "inactive" for the purpose of its listing requirements. Camberly is continuing to review its list of high-graded acquisition candidates in an effort to meet the Toronto Stock Exchange's original listing requirements. Management is currently investigating various opportunities to provide shareholders with liquidity during the suspension. It is management's immediate intention to once again meet the TSE's original listing requirements and have the Company's shares resume active trading on the Exchange. Camberly Energy Ltd. continues to remain a significant company. Camberly's $7 million secured long term receivable and approximate 7,000 acre land base in Saskatchewan remain unaffected by the trading suspension.

To: Kerm Yerman who wrote (11538)	6/30/1998 2:42:00 PM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / EnerVest Diversified Management Next Monthly Distribution ENERVEST DIVERSIFIED MANAGEMENT INC. ANNOUNCES THE DATE OF RECORD FOR THE NEXT MONTHLY DISTRIBUTION Date: 6/30/98 11:08:34 AM Stock Symbol: EIT.UN EnerVest Diversified Management Inc., the manager of EnerVest Diversified Income Trust ("Trust") announces that the date of record for the next monthly distribution is June 30, 1998. The date of payment will be July 15, 1998. EnerVest Diversified Management Inc. will distribute $0.08 per unit, which annualized, represents a 16.0% yield. The net asset value of the "Trust" is $7.25 per unit. This information is based upon the market close as at June 29, 1998. EnerVest Diversified Management Inc., anticipates that approximately 85% of the distribution amount will be tax deferred.

To: Kerm Yerman who wrote (11538)	6/30/1998 2:55:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. / Tracer Petroleum Appoints New Chairman VANCOUVER, British Columbia, June 30 /PRNewswire/ -- Tracer Petroleum Corporation (TCXXF/Nasdaq) (TPC/VSE) is pleased to announce the appointment of Larry W. Youell as Chairman of the Board of Directors effective immediately replacing Mr. Robert Fearon who was Acting Chairman as announced in the News Release dated June 22, 1998. Mr. Youell, a resident of Aurora Ontario, spent 21 years with Consumers Gas Company Limited and its subsidiaries, in a variety of increasingly responsible roles including Senior Vice President Operations, and Senior Vice President Business Support. He was also President of Rose Technology, and General Manager of Consumers' largest division. Prior to joining Consumers, Mr. Youell was a Management Consultant with an international base of clients. Mr. Youell was born and raised in Calgary, Alberta. He received his Honors degree in Business from the University of Western Ontario in 1963 and a Masters in Business Administration from that university in 1968. Mr. Youell has been active in charitable causes, including serving as Chair of the Arthritis Society in Ontario and lead roles in fund raising for United Way and Skylight Theater. He is also Past Chair of the Ontario Natural Gas Association and International Approvals Services Inc. Tracer also announces the grant of a total of 165,000 incentive stock options to Mr. Youell and Mr. David Wilson to purchase 165,000 common shares of the Company at US $2.25 per share at any time up to and including June 29, 2001. The grant of stock option is subject to acceptance by regulatory authorities and approval of shareholders.

To: Kerm Yerman who wrote (11538)	6/30/1998 3:00:00 PM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

DIVIDEND / Gulf Canada Resources Confirms June Dividend Gulf Confirms June 1998 Dividend Rate For Series 1 Preference Shares CALGARY, June 30 /CNW-PRN/ - Gulf Canada Resources Limited today announced that the dividend rate for the month of June 1998 for Gulf Canada Resources Limited's Fixed/Adjustable Rate Senior Preference Shares, Series 1, has beencalculated at $0.022 per share. The dividend is payable July 13, 1998 to shareholders of record at the close of business on June 30, 1998.