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

To: SofaSpud who wrote (11905)	7/28/1998 3:31:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / Jet Energy Con Deb JET ENERGY CORP. - DEBENTURE ISSUE CLOSES CALGARY, July 28 /CNW/ - JET ENERGY CORP. (''Jet Energy'' or the ''Corporation'') is pleased to confirm that, the previously announced issue of a $5,000,000 convertible debenture having a 5-year term and bearing interest at 4.5% has been closed. The debenture is convertible into 2,325,581 common shares at $2.15. Sprott Securities Limited acted as Agent. Proceeds from the issue will be used by the Corporation to fund ongoing exploration drilling programs, the construction of pipelines and facilities in core areas and reduce bank debt. Jet Energy, headquartered in Calgary, is an active oil land gas producer growing through exploration activities. On Behalf of the Board of Directors of Jet Energy Corp. William B. MacDonald President and CEO The Toronto Stock Exchange and the Vancouver Stock Exchange do not approve or disapproved the contents of this news release -30- For further information: Mr. Bill MacDonald or Mr. Scott Watson, (403) 244-0440, Fax: (403) 228-9490

To: SofaSpud who wrote (11905)	7/28/1998 3:32:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / Stampede Oils STAMPEDE OILS INC. CALGARY, July 28 /CNW/ - Stampede Oils Inc., operator of the Stampede et al TV 7-25-20-3 W5M well, advises that it has received AEUB approval to deepen the 7-25 well from the current suspended depth of 10,400 feet, to 12,267 feet, to test the underlying Regional Devonian Crossfield reservoir. The Crossfield is expected to be approximately 300 feet structurally higher than where encountered in the offset Stampede et al TV 6-23-20-3 W5M well 1 1/4 miles to the southwest. The 6-23 well is currently suspended with an indicated 42 feet of gas zone in the top of the Crossfield reservoir. The Crossfield in the 7-25 well is indicated to be 266 feet thick with a minimum of 170 net feet of gas and recoverable spacing unit gas reserves should be at least 60 billion cubic fee (BCF). Production rate capability is expected to range from 10-15 million cubic feet (mmcf) of gas per day. A rig is to be contracted within the next two weeks and the deepening operation should be underway shortly thereafter. The entire drilling and testing operation is expected to take 30 days. The 7-25 Devonian Crossfield gas test is considered to have good probability for success as its relationship to the offset 6-23 well with an indicated 42 feet of gas pay is analogous to the original Stampede et al Hartell 4-13-19-2 W5M discovery well and a similar offset well. Stampede Oils Inc. and Bearcat Explorations Ltd. have minimum direct and indirect interests of approximately 13.5% and 28%, respectively, in the related 7-25 petroleum and natural gas (P&NG) lease. A surface lease has been obtained for the Stampede et al TV 11-15-21-3 W5M well. This well is to be drilled as a Regional Turner Valley gas test well, offsetting by one-half mile the recently drilled Imperial Berkley Turner Valley 2-21-21-3 W5M Regional Mississippian Turner Valley gas discovery well which is currently being readied by the operator for final completion operations. Drilling license application procedures are now underway for the 11-15 well and operations are to be underway by late August, with total depth expected to be reached approximately 60 days later. The 11-15 well is considered to be a development well and should successfully encounter an approximate 100 feet of Regional Turner Valley gas zone. Production capability is expected to be from 10-15 mmcf of gas per day and recoverable reserves are indicated to be at least 40 BCF for the well spacing unit. This new Turner Valley gas pool is interpreted to contain a minimum of 600-800 BCF of recoverable gas reserves. Stampede Oils Inc. and Bearcat Explorations Ltd. have minimum direct and indirect interests of approximately 28% and 55%, respectively, in the related 11-15 P&NG lease. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. Stampede Oils Inc. is listed on The Alberta Stock Exchange under the symbol STF. -30- For further information: P. de Bruycker, (403) 265-6166

To: SofaSpud who wrote (11905)	7/28/1998 3:33:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Ram Petroleums sells data RAM PETROLEUMS LIMITED Listed: The Toronto Stock Exchange Trading Symbol: RPL.A - TSE TORONTO, July 28 /CNW/ - Ram Petroleums Limited announces that it has signed a letter of intent with CanEnerco Limited to sell its Ontario seismic data base for $1,100,000 cash. A $100,000 deposit has been received and closing is scheduled for on or before August 24, 1998 -30- For further information: please contact Richard Opekar, President at (416) 362-8885, fax (416) 362-8601, website www.rampetroleums.com