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

To: SofaSpud who wrote (11663)	7/9/1998 5:42:00 AM
From: Kerm Yerman	Read Replies (2) \| Respond to of 15196

CORP. / Fox Energy Corp Appoints New Board Members FOX ANNOUNCES NEW BOARD MEMBERS CALGARY, July 8 /CNW/ - Fox Energy Corporation is pleased to announce the election of Ken M. Harrington, P.Geol. and Alfred F. Fischer, P.Geol. as new members of the Board of Directors at its Annual General Meeting on June 29, 1998. Dr. W.A. (Bill) Cochrane, O.C., Stanley M. Davison and Donald R. Holding will continue as directors of the Corporation. Mr. Harrington was a co-founder, Vice-President and a director of Cimarron Petroleum Ltd. until its merger with Newport Petroleum Corporation in 1997. He served as a director of Newport until 1998. Previously, Mr. Harrington had worked as a professional geologist and manager for several oil and gas companies in Calgary. Mr. Fischer was employed by Gulf Canada Resources Limited for 22 years in exploration, development geology and acquisitions/divestments management capacity. Since retiring from Gulf in 1996, he has worked primarily as an industry consultant involved in mergers and acquisitions. Mr. Fischer also serves as a director of several Canadian oil and gas companies and volunteer organizations.

To: SofaSpud who wrote (11663)	7/9/1998 3:10:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

NAME CHANGE / Oxbow OXBOW EXPLORATION INC. CHANGES NAME TO VOLTERRA RESOURCES INC. CALGARY, July 9 /CNW/ - OXBOW EXPLORATION INC. announced that shareholders approved a change in the name of the Company to VOLTERRA RESOURCES INC. on June 19, 1998. The common shares of VOLTERRA RESOURCES INC. will be posted for trading on the Toronto Stock Exchange at the commencement of trading on Friday, July 10, 1998 under the symbol ''VOL''. Geoff Williams, President and Chief Executive Officer of Volterra, announced record production in June of approximately 2,900 BOE/D, of which over 40% was natural gas. Mr. Williams stated, ''Volterra is on target to more than double its 1997 production in 1998. It is fortunate that much of the additional production is natural gas given the current commodity price environment.'' VOLTERRA RESOURCES INC. is a full cycle exploration and development oil and gas company located in Calgary. Its operations extend throughout the Western Canadian Sedimentary Basin. -30- For further information: Geoff Williams or Don Schott, (403) 237-8944, Fax: (403) 262-2828

To: SofaSpud who wrote (11663)	7/9/1998 3:11:00 PM
From: SofaSpud	Read Replies (9) \| Respond to of 15196

EARNINGS / Sawtooth Q2 results SAWTOOTH ANNOUNCES SECOND QUARTER RESULTS FOR THE PERIOD ENDING APRIL 30, 1998 CALGARY, July 8 /CNW/ - Sawtooth International Resources Inc. is pleased to announce the unaudited financial results for this quarter. Sawtooth is committed to achieving strong sustainable growth during 1998. << Statement of earnings 1998 ($) 1997 ($) % change ------------------------------------------------------------------------ Revenues 319,000 110,000 + 190% Cash flow before tax 96,000 38,000 + 152% Net earnings before tax 52,000 11,000 + 372% Balance sheet 1998 ($) 1997 ($) % change ------------------------------------------------------------------------ Oil and gas assets 3,037,000 1,076,000 + 182% Working capital 261,000 (426,000) + 161% Statistics 1998 1997 % change ------------------------------------------------------------------------ Average production BOED 107 33 + 224% Reserves (BOE) 764,000 55,000 + 1290% Reserves (NPV 10%) 6,100,000 490,000 + 1145% Gross/net acreage 22,240 / 6,140 1120 / 210 + 1886% / 2824% >> During the quarter, Sawtooth purchased 120 BOED of Light Crude in the Spirit River Area of Northwestern Alberta. Company production for the third quarter is expected to reach 175 BOED. Sawtooth will continue to build its asset base by progressively pursuing larger acquisition and drilling opportunities while continuing to explore and develop in its core areas of Redwater, Spirit River and Lessard. Sawtooth International Resources Inc. is an emerging junior oil and gas exploration and production company with its reserve and production base in Western Canada. Sawtooth International Resources trades on the Alberta Stock Exchange under the symbol SAW. ''THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED THE INFORMATION CONTAINED HEREIN.'' -30- For further information: Gary Waters, President; Terry Morey, Vice President Land, (403) 263-5800, Fax: (403) 234-7597, E-mail: sawtooth@cadvision.com