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

To: Kerm Yerman who wrote (11543)	6/30/1998 4:19:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES - TOP 20 LISTED / Carmanah Update JUNE 30, 1998 Carmanah Updates Camar Production, Development Drilling Program CALGARY, ALBERTA--Carmanah Resources Ltd. ("CKM" - TSE) announces that the Camar-6 well in the 84 percent-owned and operated Camar Field in the Java Sea was placed onstream on June 29, 1998.ÿ Well test data over the first six hours of production from only the LL-3 zone yielded an average measured flow rate of 1,200 BOPD with 1.5 MMcf/d of natural gas and no formation water.ÿ The well is continuing to clean up and stabilized flow rates will be established over the next several days.ÿ With Camar-6 onstream at the indicated rate, Camar production has more than doubled to 2,350 BOPD. Carmanah also announces that the MPA-1 development well, located on mile southwest of Camar-6, was spudded on June 26, 1998 and surface casing has been set at 833 feet subsurface.ÿ The well has a projected total measured depth of 6,105 feet (4,340 feet TVD) which should be reached in 30 days.ÿ As this well is being drilled from the monopod platform recently installed to bring Camar-6 onstream, MPA-1 can be completed and placed on production without delay. Immediately following completion of the MPA-1 well, in early August the Pride Pennsylvania jackup rig will be moved to the Camar-8 location, located approximately one mile east of Camar-6. Because of mechanical problems with a safety valve in the completion string, the CN-3 well drilled in May will now be placed on production in late July, awaiting the arrival of a service rig and downhole equipment to complete the remedial work. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Carmanah Resources Ltd. Mr. R.A. Gusella Chairman & Chief Executive Officer (403) 266-4975 (403) 266-5042ÿ (FAX) carmanah@cadvision.com or Carmanah Resources Ltd. Mr. A.F. Badwi President & Chief Operating Officer (403) 266-4975 The Toronto Stock Exchange has neither approved nor disapproved the contents herein.

To: Kerm Yerman who wrote (11543)	6/30/1998 4:23:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

PROPERTY DISPOSITION / Brandon Energy BRANDON ENERGY LTD. CALGARY, June 30 /CNW/ - BRANDON ENERGY LTD. (''BRANDON'') (BDN.A - ASE) is pleased to announce the sale of its Hartaven, Saskatchewan property effective June 1, 1998. The company had a 13.6% W.I. in a quarter section of land containing a producing Ordivician oil well. The well produced an average 45 BOPD net to Brandon for the first 5 months of 1998. Net proceeds of $600,000.00 will be used to reduce the company's long term debt. Paddock Lindstrom and Associates valued the company's position in the property at $456,000 (PV 15% on proved and 50% probable) effective December 31, 1997. In other news the company has entered into 2 drilling agreements, one in southeast Saskatchewan, the other in west central Alberta. The drilling of these wells will further the company's commitments to incur flow through expenditures before December 31, 1998. After these wells are completed, the commitment outstanding for the year will be approximately $1.25 million. BRANDON is an emerging oil and gas exploration and production company whose Class A Shares trade on The Alberta Stock Exchange under the symbol BDN.A. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. Not for dissemination into the United States. -30- For further information: Gordon R. MacMahon, President, (403) 261-1993, Fax: (403) 262-8036