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

To: SofaSpud who wrote (12010)	8/6/1998 4:54:00 PM
From: SofaSpud	Respond to of 15196

DIVIDENDS / TransCanada Pipe TRANSCANADA PIPELINES DECLARES QUARTERLY DIVIDENDS CALGARY, Aug. 6 /CNW/ - The board of directors of TransCanada PipeLines Limited today declared a quarterly dividend of 28 cents per share on the outstanding common shares for the quarter ending September 30, 1998. It is the 139th consecutive dividend paid by TransCanada on its common shares, and is payable on October 31, 1998 to shareholders of record at the close of business on September 30, 1998. The board also declared regular dividends on TransCanada's preferred shares for the quarter ending November 1, 1998. The following dividends are payable November 1, 1998 to shareholders of record at the close of business on September 30, 1998. Dividend No. 130 was declared on the $2.80 Cumulative Redeemable First Preferred Shares in the amount of 70 cents per share. Dividend No. 27 was declared on the Cumulative Redeemable First Preferred Shares Series O in the amount of $0.9875 per share. Dividend No. 25 was declared on the Cumulative Redeemable First Preferred Shares Series P in the amount of $0.96875 per share. Dividend No. 16 was declared on the Cumulative Redeemable Retractable First Preferred Shares Series Q in the amount of $0.81875 per share. Dividend No. 12 was declared on the Cumulative Redeemable Retractable First Preferred Shares Series R in the amount of $0.74375 per share. In addition, Dividend No. 2 was declared on the Cumulative Redeemable First Preferred Shares Series S. The dividend was $0.64375 per share for the period ending October 31, 1998, and it is payable on November 15, 1998 to shareholders of record at the close of business on October 30, 1998. TransCanada is a leading North American energy services company with businesses in transmission, marketing and processing. The company, through its Cdn$21 billion asset base, provides high value-added energy service solutions to the North American and international marketplace. Common shares trade under the symbol TRP, primarily on the Toronto, Montr‚al and New York stock exchanges. Visit TransCanada's website at: transcanada.com -30- For further information: Media Contact: Gary Davis, (403) 267-3340; Investor Relations Contact: David Moneta, (403) 267-8521

To: SofaSpud who wrote (12010)	8/6/1998 4:55:00 PM
From: SofaSpud	Respond to of 15196

SERVICE SECTOR / Pason Systems Q2 Results PASON SYSTEMS CORP. CALGARY, Aug. 6 /CNW/ - Pason reports net earnings of $0.051 for the second quarter and $0.174 for the first half ending June 30, 1998, representing increases of 11% and 69% over the respective periods in 1997. (all numbers in '000's except per share amounts) << Three Months Six Months 1998 1997 Chg. % 1998 1997 Chg. % Revenue ('000's) $4,860 $2,193 +122 $12,229 $4,700 +160 Cash Flow ('000's) $1,454 $948 + 53 $4,220 $2,086 +102 Net Income ('000's) $816 $642 + 27 $2,800 $1,416 + 98 Avg. Shares O/S 16,117 13,779 16,054 13,784 Earnings Per Share $0.051 $0.046 + 11 $0.174 $0.103 + 69 >> (for more detailed financial information visit Pason's website at www.pason.com) The continuing low oil prices and the resulting decline in the number of active drilling rigs in Canada and the United States during the second quarter, significantly curtailed the amount of rental work Pason was able to perform with its instrumentation. As a result the Company's growth slowed considerably from previous quarters. However, it is important to note that Pason still managed to achieve record second quarter numbers for revenue, net earnings and earnings per share. Net earnings growth trailed revenue growth primarily because of the extra overhead involved in setting up a US field service network, plus the merging of the US mudlogging business which, although profitable, does not generate the same high margin as the rental business. Drilling activity in Canada is expected to continue at less than half of the 1997 levels for the balance of the 3rd quarter which will continue to hamper Pason's growth rate. At present the drilling contractors appear to be solidly booked for the fourth quarter, although this can change if there is a late arrival of winter conditions. In the United States progress has been encouraging, given the normal reluctance to spend money on new products in a depressed drilling market. In the first half of 1998, 15% of our EDR and PVT revenue was generated in the United States. Currently about 35% is US earned and that split should increase to 50% by year end. Despite the slowdown Pason has more than doubled its R&D expenditures in the first half of 1998, as Company plans to launch several new products in 1999 remain on target. -30- For further information: Jim Hill, President, Pason Systems Inc., (403) 255-3158, Fax: (403) 253-9681, email: jhill@pason.com

To: SofaSpud who wrote (12010)	8/6/1998 4:57:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / Upton Flow-through issue UPTON CLOSES EXPLORATION FLOW THROUGH FUNDING ÿÿÿ CALGARY, Aug. 5 /CNW/ - (URC-TSE) Upton Resources Inc. reports that the previously announced share issue of 1,000,000 flow-through common shares at a price of $3.15 per common share on a private placement basis has been closed. Dundee Securities Corporation acted as exclusive agent in conjunction with this offering.ÿ Proceeds of this offering will be used to fund exploration expenditures. ÿÿÿ The common shares of Upton are listed on the Toronto Stock Exchange under the symbol ''URC''. ÿÿÿ This information has been neither approved nor disapproved by the Toronto Stock Exchange. ÿÿÿ -0-ÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿÿ 08/05/98 For further information: Scott Dutton, President & C.E.O., Upton Resources Inc., (403) 218-6080, Phil Grubbe, V.P. Finance & C.F.O., Upton Resources Inc., (403) 218-8978, Andre St. Onge, Vice President, Exploration, Upton Resources Inc., (403) 218-6092 Website: www.uptonres.ca, E-Mail Address: upton@uptonres.ca

To: SofaSpud who wrote (12010)	8/6/1998 4:59:00 PM
From: SofaSpud	Read Replies (5) \| Respond to of 15196

PIPELINES / Westcoast and AEC Sign Deal AUGUST 6, 1998 Westcoast Energy Signs Major Natural Gas Processing MOU with AEC CALGARY, ALBERTA--Westcoast Energy Field Services Division (Westcoast) announced today it has completed a Memorandum of Understanding (MOU) with Alberta Energy Company (AEC) for four years of firm service gas processing at Westcoast's Fort Nelson, British Columbia facility.ÿ AEC will deliver the natural gas from its Maxhamish field in northeast British Columbia.ÿ Westcoast will begin processing and transportation services in April 1999. The AEC facilities have a design capacity of 70 million cubic feet of gas per day.ÿ Under the MOU, AEC will supply up to 300 billion cubic feet of gas in the next 15 year period. "The MOU is a clear demonstration of Westcoast's competitiveness in regards to gas processing and transportation in northeast British Columbia and our ability to assist producers in maximizing the potential of this important new area of the Western Canada Sedimentary Basin," said Irv Koop, President, Westcoast Pipeline and Field Services.ÿ "Westcoast is committed to enhancing the performance of its processing facilities and to take a leadership role in this area of energy services."ÿ The area where Maxhamish is located, approximately 150 kilometres from Fort Nelson is estimated to contain natural gas reserves of approximately one trillion cubic feet.ÿ Westcoast's Fort Nelson facility has a rated capacity of 700 million cubic feet per day.ÿ Westcoast Energy's Pipeline Division is a wholly-owned subsidiary of Westcoast Energy Inc.ÿ Westcoast Energy Inc. (TSE: W; NYSE: WE) headquartered in Vancouver, British Columbia, is a leading North American energy company with assets of $10 billion.ÿ The Company's interests include an integrated natural gas gathering, processing and transmission system, natural gas storage facilities and gas distribution, power generation, and international energy businesses as well as financial, information and energy services businesses. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Westcoast Energy Inc. Bill Harlan Vice President, Customer Service & Marketing (403) 297-1760 Website: www.westcoastenergy.com or Westcoast Energy Inc. Tom Merinsky Investor Relations (604) 488-8021 or Westcoast Energy Inc. Paul Clark Corporate Communications (604) 488-8093