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

To: Kerm Yerman who wrote (12414)	9/23/1998 7:11:00 PM
From: SofaSpud	Read Replies (5) \| Respond to of 15196

FIELD ACTIVITIES / Circle update CIRCLE ENERGY INC. UPDATES WELL RESULTS CALGARY, Sept. 23 /CNW/ - Circle Energy has the following update on the four-well drilling program (announced August 18, 1998): - Well No.1 - The Brazeau River, section 15, Shunda well, on production since June 8, 1998, continues to produce, net to Circle, 300 to 400 BOE/day and $80,000 to $100,000 in working capital per month. Building on this success, the Brazeau River natural gas re-entry at 6-16-48-12 W4M provided encouraging results. However given the history and potential in this area, the Company has made the decision to drill a new well at a more optimum location in section 16 to maximize cash flow potential. Circle has a 39.55% working interest in this well scheduled for October 1998. Circle also has a 39.55% working interest in Section 17 where a drilling location is being finalized. - Well No.2 - The well targeting natural gas in West Texas has been cased. This well is anticipated to be on production in November, subject to successful completion. Circle has a 25% working interest. A second well is planned for the fourth quarter. - Well No.3 - The first test well in the Waskatenau area has been abandoned. The additional information gained will be integrated into Circle's area model as the Company continues to focus on this relatively low cost, multi-zone project. Circle has a 57.5% working interest in 5,760 gross acres. - Well No.4 - Circle has elected to sell the 20% interest in this oil play. This has created an opportunity to take a 50% working interest in a natural gas well at Greencourt, Alberta. This well will be spudded in October. Circle Energy Inc. is a petroleum and natural gas exploration company that holds oil and gas leases in the Brazeau, Waskatenau and Morinville areas of Central Alberta; in Guadalupe, Lea and Quay Counties in New Mexico; and in Seely, Texas, USA. The Company's shares trade on The Alberta Stock Exchange under the symbol CEN. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -30- For further information: Bill Baker, President, Circle Energy Inc., (403) 777-1925

To: Kerm Yerman who wrote (12414)	9/23/1998 7:12:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / Trinity private placement TRINITY ENERGY INC. ANNOUNCES COMPLETION OF THEIR FIRST PRIVATE PLACEMENT CALGARY, Sept. 23 /CNW/ - Trinity Energy Inc. is pleased to announce that it has completed their first private placement of 4.65 million dollars which was raised from investors throughout Saskatchewan and Alberta. Trinity Energy Inc. commenced operations on June 1, 1998 and originated from the private oil & gas company Trinity Energy Ltd. (a part of the Heier group of companies). Mike Heier, Chairman of the Board and CEO is pleased to introduce the senior team. Mr. Dave Thomas, B. Sc., M.Sc., D.I.C. - President, Chief Operating Officer. Mr. Grant Abbott, B.Admin., C.A. - Chief Financial Officer. Mr. Dave Griep, BBA, PLM - Vice President Land and Exploration. Mr. Gary Freitag, B.Sc., M.E. - Vice President of Production. Mr. Greg Schmidt, B.Sc., PEng, - Project Manager. Trinity Energy's near term growth will come from the acquisition of strategic oil properties that yield long term upside opportunities through additional drilling and potential Enhanced Oil Recovery projects. The long term growth strategy contains a comprehensive approach which includes more acquisitions of properties while their produced commodities are at a low in the price cycle as well as significant exploration in both oil and gas within our focus areas. Trinity is well positioned to proceed with its acquisition strategy as it currently carries zero debt and has cash of close to 8 million dollars. ''We feel there is good financial support out there for a company like ours. We have a very aggressive management style, we are technically well founded and have a strong history within the group of creating solid shareholder value.'' -30- For further information: Michael E. Heier, Chief Executive Officer, Chairman of the Board, (403) 875-1350 (Lloydminster), (403) 262-7495 (Calgary)

To: Kerm Yerman who wrote (12414)	9/23/1998 7:13:00 PM
From: SofaSpud	Read Replies (4) \| Respond to of 15196

FINANCING / Range private placement RANGE ANNOUNCES PRIVATE PLACEMENT VANCOUVER, Sept. 23 /CNW/ - Range Petroleum Corporation RAN-VSE Further to the news release, dated July 24, 1998, the Company has placed 500,000 flow through shares at a price of $1.75 per share with EnerVest FTS Limited Partnership Fund (1997). In addition, Range has entered into a Private Placement agreement placing 505,322 units at a price of $1.50 per unit with an armslength placee. The unit comprises one share accompanied by a half share purchase warrant. The warrant is exercisable at $1.75 per share and carries a one-year term. This placement is in lieu of the balance of the flow-through shares (500,000), approved by the Board of Directors and referenced in the news release, dated July 24, 1998. A finder's fee of 2.5% will be paid to Haywood Securities Inc. for this placement. Collectively, the gross proceeds from these private placements amount to $1,632,983 Cdn. These funds are dedicated to advancing Range's 3-D seismic and drilling program currently being conducted in Lambton County, Southwest Ontario, where the Company holds 100% working interest in excess of 60,000 acres. The Vancouver Stock Exchange has neither approved nor disapproved of the contents herein. -30- For further information: Craig A. Steinke, Chairman & C.E.O. or Bruce Nurse, Corporate Communications toll-free: (888) 326-4966