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

To: SofaSpud who wrote (11972)	8/1/1998 3:05:00 AM
From: Kerm Yerman	Read Replies (4) \| Respond to of 15196

CORP. / Sunfire Energy Corp Appoints New Director-Chairman SUNFIRE - NEW DIRECTOR AND CHAIRMAN CALGARY, July 31 /CNW/ - Sunfire Energy Corporation is pleased to announce the appointment of Douglas H. Mitchell to its Board of Directors as Chairman. Mr. Mitchell, Q.C., graduated with a B.A. in Business from Colorado College and from the University of British Columbia Law School with an LL.B. Mr. Mitchell is currently the Managing Partner of Howard, Mackie, Barristers and Solicitors, Calgary. Mr. Mitchell also holds positions on a number of corporate boards and several community organizations, including Past President, Calgary Chamber of Commerce; Co-Chair, Alberta Economic Development Authority; Chairman, Alberta Racing Commission; Chairman, Canada Post Customer Council for Alberta; and Chairman, Canadian Athletic Foundation. Past positions held by Mr. Mitchell include Commissioner, Canadian Football League (1984-1989); Alternate Governor, NHL Board of Governors (1980-1984); Member of the Board of Governors, Calgary Economic Development Authority; and Director, Calgary Olympic Development Association. Mr. Mitchell, until recently, held the position of Chairman, Neutrino Resources Inc. In connection with his appointment to the Board as Chairman, Mr. Mitchell has been granted an option to purchase 50,000 Class A common shares at a price of $1.10 per share pursuant to the Corporation's Stock Option Plan.

To: SofaSpud who wrote (11972)	8/1/1998 3:42:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. / Hurricane Hydrocarbons Oil Pricing Update HURRICANE HYDROCARBONS LTD. PRICING UPDATE CALGARY, July 30 /CNW/ - Hurricane announced today that, after lengthy negotiations with Shymkent refinery, the price to be paid for July sales of crude oil is US$62 per tonne. The negotiated price for the month of June was US$70 per tonne. The July sales price of US$62 per tonne (US$8.14 per barrel) equates to US$6.95 per barrel net of value added tax (VAT). This compares to a per barrel price of US$9.09 (net of VAT) for the three months ended March 31, 1998. The average realized price for that same quarter was US$10.96 per barrel. Average realized price is net of VAT but includes sales of refined products which are, on average, priced higher than crude oil. The company is negotiating with regards to export opportunities which will diversify Hurricane's market and allow for continued increases in total sales volumes. The company's transshipment terminal, at the Chinese border point of Druzhba, is expected to begin exporting crude in the fourth quarter of 1998. The company is also considering a deferral of part of its 1998 capital budget. Hurricane is an independent international energy corporation engaged in the acquisition, exploration and production of oil, primarily in the Republic of Kazakhstan. Hurricane is listed on the Toronto (TSE) and Alberta (ASE) stock exchanges under the trading symbol HHL.A and on Nasdaq under the symbol HHLAF. Hurricane is a member of the TSE 300 and TSE 200 composite indices.