Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SofaSpud who wrote (11692)	7/10/1998 1:18:00 PM
From: SofaSpud	Respond to of 15196

MERGERS & ACQUISITIONS / Belair & Windstar BELAIR ENERGY CORPORATION ANNOUNCES AMALGAMATION WITH WINDSTAR ENERGY LTD. CALGARY, July 10 /CNW/ - BelAir Energy Corporation announced that the amalgamation of BelAir Energy Corporation with Windstar Energy Ltd. was completed on June 30, 1998. In December 1997, BelAir acquired 93% of the outstanding shares of Windstar and under compulsory acquisition provisions subsequently acquired the remaining 7% to make Windstar a wholly owned subsidiary of BelAir. The amalgamated company will continue under the name of BelAir Energy Corporation. As a result of the amalgamation, Windstar will cease to be a reporting issuer in Alberta. BelAir's production during the first quarter of 1998 was 500 boepd, consisting of 175 bpd of oil, 105 bpd of NGLs and 2.2 MMcfpd of natural gas. BelAir is currently initiating the capital program to develop the 28,000 net acres of undeveloped land that were acquired as a result of the Windstar takeover and prior asset acquisitions. BelAir Energy Corporation is based in Calgary and is involved in the exploration and exploitation of petroleum reserves in Western Canada, BelAir is listed on The Alberta Stock Exchange and trades under the symbol ''BGY''. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -30- For further information: Vic Luhowy, President and Chief Executive Officer, or Ken MacRitchie, Vice President and Chief Financial Officer, (403) 265-1411, Fax:(403) 263-8119

To: SofaSpud who wrote (11692)	7/10/1998 1:20:00 PM
From: SofaSpud	Read Replies (3) \| Respond to of 15196

FIELD ACTIVITIES / Westfort WESTFORT ENERGY, LTD. - PROGRESS REPORT JOHNNY RHODES 7-6 NO. 1 WELL - PELAHATCHIE DEEP UNIT 18-4 NO. 1 WELL JACKSON, MISSISSIPPI, July 10 /CNW/ - Westfort Energy Ltd., symbol WT on the Toronto Stock Exchange announced that it has reached total depth of 11,800' on the Johnny Rhodes 7-6 No. 1 Well in the Pelahatchie Field. Numerous oil zones were logged and sidewall cored. Election to set pipe for completion has been made. More details will be forthcoming after final analysis of the Schlumberger logs and a detailed lab analysis of the cores has been received. The Pelahatchie Deep Unit 18-4 No. 1 Well, currently being drilled in the same field, has reached a depth of 16,300'. Smackover gas shows have been encountered. The hole is presently being conditioned to allow continued drilling through the rest of the Smackover zones and into the Norphlet zone, which is expected to be encountered at approximately 17,100'. On behalf of the Board, Whitney Pansano President -30- For further information: Grant Young, (604) 687-9887

To: SofaSpud who wrote (11692)	7/10/1998 1:21:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

CORP. / Gentry agreement with Gulf cancelled GENTRY RESOURCES LTD. CALGARY, July 10 /CNW/ - Gentry Resources Ltd. (TSE: GNY.B) announces that the transaction contemplated by its Letter of Intent with Gulf Canada Resources Ltd., previously announced on May 25, 1998, will not proceed. Hugh G. Ross, President & CEO -30- For further information: Hugh Ross, President & CEO, (403) 264-6161, Bob Vukovich, Corporate Relations, (888) 876-7197, Website: gentryresources.com, Email: gentry@gentryresources.com