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

To: SofaSpud who wrote (12413)	9/22/1998 10:02:00 PM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

FINANCING / Kookaburra Resources Private Placement KOOKABURRA RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT VANCOUVER, Sept. 22 /CNW/ - Kookaburra Resources Ltd. TSE Symbol: KOB The Company wishes to announce that it has arranged a private placement of 350,000 common shares of the Company at a price of $0.30 per share, for total anticipated proceeds of $105,000. Proceeds from the private placement will be used for general working capital purposes. Completion of the terms of the private placement will be subject to regulatory approval. ON BEHALF OF THE BOARD OF DIRECTORS --------------------- Nick DeMare, Director The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

To: SofaSpud who wrote (12413)	9/22/1998 10:07:00 PM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / PanCanadian Petroleum Notice PANCANADIAN'S CARBON DIOXIDE SUPPLIER FOR WEYBURN RE-EXAMINES ITS INVESTMENT OPTIONS CALGARY, Sept. 22 /CNW/ - PanCanadian Petroleum Limited has been advised by Dakota Gasification Co. (DGC) of Bismarck, North Dakota that DGC is re-examining its investment options in relation to both its commitment to construct a pipeline to deliver CO(2) to the Weyburn project and its commitment to supply CO(2) from its coal gasification facility in Beulah, N.D. DGC is contracted to build a 330-kilometre pipeline and supply CO(2) from the Great Plains Synfuels Plant at Beulah to Weyburn, Saskatchewan for the carbon dioxide flood project. PanCanadian remains committed to the CO(2) enhanced recovery project for the Weyburn field and plans to continue the engineering and planning necessary for the construction of the project. PanCanadian will actively participate in DGC's review with respect to how DGC's decisions affect the Weyburn project. This review by DGC could result in a delay of the start of CO(2) injection at Weyburn. The scheduled date for CO(2) injection is December 1, 1999. PanCanadian is one of Canada's largest producers and marketers of crude oil, natural gas and natural gas liquids. Its extensive exploration and production activities stretch from coast to coast in Canada and include a variety of international interests in the Gulf of Mexico, the United Kingdom, Australia, South Africa and Venezuela.

To: SofaSpud who wrote (12413)	9/22/1998 10:10:00 PM
From: Kerm Yerman	Respond to of 15196

PIPELINES / TransCanada Pipelines Financing TRANSCANADA FILES OFFERING FOR US$350 MILLION OF PREFERRED SECURITIES CALGARY, Sept. 22 /CNW/ - TransCanada PipeLines Limited has filed a preliminary prospectus with the Alberta Securities Commission and a registration statement with the U.S. Securities and Exchange Commission (SEC), under the multi-jurisdictional disclosure system, for an offering of US$350 million of Preferred Securities. Each security will represent US$25 principal amount of unsecured junior subordinated debentures, with a term of 49 years. These securities will be sold only in the United States. Final terms of the offering, including the interest rate and date of issue of the Preferred Securities, will be set forth in a supplemented final prospectus. Net proceeds, after payment of commissions and expenses, will be used for general corporate purposes, including financing a portion of TransCanada's 1998 Canadian Mainline construction program, as well as repaying short-term indebtedness incurred for such purposes. Managers of the underwriting group are Merrill Lynch & Co., Salomon Smith Barney Inc., Morgan Stanley Dean Witter, PaineWebber Incorporated and Prudential Securities Incorporated. 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. The registration statement filed with the SEC has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. A prospectus may be obtained from the managers of the underwriting group.

To: SofaSpud who wrote (12413)	9/22/1998 10:17:00 PM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

TSE NOTICE / Barrington Petroleum TSE 300 COMPOSITE INDEX NOTICE TORONTO, Sept. 22 /CNW/ - Effective before the open on Thursday, September 24, 1998, the common shares of Barrington Petroleum Ltd. (BPL) will be removed from the TSE 300 Composite Index. It has been announced that Sunoma Energy Corp. has acquired 93% of Barrington's outstanding shares. Please note the following changes to the TSE 300 Composite Index before the open on Thursday, September 24, 1998: Stock to be added: Dorel Industries Inc. Cl. B. (DII.B) Group/Subgroup - 5.05 (Household Goods) Stock to be removed: Barrington Petroleum Ltd. (BPL) Group/Subgroup - 3.02 (Oil and Gas Producers) Note: Dorel Industries Inc. Cl. B. (DII.B) will also be added to and Barrington Petroleum Ltd. (BPL) will be removed from the TSE 200 Index effective before the open on Thursday, September 24, 1998.

To: SofaSpud who wrote (12413)	9/22/1998 10:22:00 PM
From: Kerm Yerman	Respond to of 15196

GENERAL NOTICE / World Petroleum Congress 2000 CHAIRMEN FOR WORLD PETROLEUM CONGRESS 2000 CONFIRMED TODAY CALGARY, Sept. 22 /CNW/ - Mr. Norm McIntyre, Chairman of the Canadian Association for the World Petroleum Congresses today confirmed the appointments of James K. Gray as Chairman and Ray P. Cej as Co-Chairman of the Canadian Organizing Committee for the 16th World Petroleum Congress (CANOC). Jim will lead the development of the 16th World Petroleum Congress, which will be hosted in Calgary from June 11-15, 2000. Ray will focus on developing international involvement and participation in the Calgary Congress. Ray served as Chairman of the Canadian Association from 1994 to 1997, overseeing the successful bid to host the 16th World Petroleum Congress and since then has coordinated the preliminary stages in the development of the CANOC program. ''I am delighted that two leaders of this stature and caliber will be steering the efforts involved in hosting an event of this stature and magnitude. Their combined skills will ensure that Canada hosts one of the most interesting and stimulating programs ever,'' advised Norm McIntyre. ''WPC 2000 will generate about $20 million in direct and indirect benefits to the city, the province and Canada. In typical Canadian spirit, we want to stage the best ever congress, attracting people from all over the world to experience our western hospitality and learn more about petroleum and natural gas developments and prospects throughout the world.'' Jim Gray is currently Chairman of Canadian Hunter Exploration Ltd. He co-founded the company with John Masters in 1973. Today the company is one of the 25 largest oil and gas producing companies in Canada. Jim is widely recognized for his expertise in oil and gas as well as his many contributions to the well being and economic development of the Calgary community. Ray Cej is CEO of Arakis Energy Corporation. He has held senior executive positions in several oil and gas companies with international operations since his retirement from Shell Canada where he was Senior Operating Officer - Resources. Canada won the bid to host the 16th World Petroleum Congress in April 1996. Held every three years, WPC 2000 is expected to attract 3000 delegates from over 80 countries to the conference. Coordinated with the National Petroleum Show, delegates will gain a greater understanding of Canadian talents, expertise, research and technology as well as international perspective and be well positioned to pursue new business ventures and opportunities. The World Petroleum Congresses (WPC) was formed in London in 1933. Canada was one of the founding member countries. Previous congresses have been held all over the world, most recently in Beijing, Stavanger, Buenos Aires, and Houston. The mission of the WPC is to provide an international forum and worldwide perspective about issues facing the petroleum industry. When delegates convene in Calgary, they will discuss management, scientific, technological, environmental, and business issues facing the world petroleum industry in the new millennium.

To: SofaSpud who wrote (12413)	9/22/1998 10:33:00 PM
From: Kerm Yerman	Respond to of 15196

CORP. NOTICE / Keywest Energy Normal Course Issuer Bid KEYWEST ENERGY CORPORATION CALGARY, Sept. 22 /CNW/ - KEYWEST ENERGY CORPORATION announces that it has implemented a normal course issuer bid through the facilities of The Alberta Stock Exchange. KeyWest's directors believe the issuer bid, by affording the Corporation the opportunity to buy back its own shares from time to time, will provide the benefit of additional liquidity to shareholders. KeyWest may employ the issuer bid whenever, in management's opinion, the market price of the Corporation's shares would warrant utilizing company funds for such purposes. For one year commencing September 24th, 1998, KeyWest may purchase up to 1,333,708 of its common shares, being approximately ten percent of the 13,337,089 shares comprising the public float, provided that no more than 2% of the issued shares will be purchased in any given 30 day period. All shares purchased under the issuer bid will be cancelled, thereby increasing the respective proportionate share interests of all remaining shareholders. KeyWest trades on The Alberta Stock Exchange under the symbol ''KWE''.