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

To: Herb Duncan who wrote (12478)	9/24/1998 10:56:00 PM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / American Eco Corporation Appoints New CFO AMERICAN ECO CORPORATION TSE SYMBOL: ECX NASDAQ SYMBOL: ECGOF SEPTEMBER 24, 1998 HOUSTON, TEXAS--In a move emphasizing its desire to strengthen its operating and executive team, the Board of Directors of American Eco Corporation announced today that they have appointed Mitchell Posner to the position of Executive Vice President, Chief Financial Officer and Director of Corporate Development. Mr. Posner joins American Eco from the investment banking firm of Legg Mason Wood Walker where he was Managing Director of the Industrial and Capital Goods sector. In that capacity, his focus was on finance, mergers and acquisitions and enhancement of shareholder value advising numerous Fortune 1000 companies. Commenting on the appointment, Frank Fradella, President of American Eco stated, "This appointment is integral to our previously announced program to improve our financial controls and reporting. Executing our strategic plan necessitates a transaction specialist who has broad experience in the capital markets and corporate development. Along with financial and legal expertise, Mitch brings these talents to American Eco." Mr. Posner is a graduate of Temple University, Rutgers Law School, and is a member of the Pennsylvania Bar. American Eco will release its earnings statement on Friday, October 2 as scheduled. Mitchell Posner replaces Bruce Tobecksen who is leaving the Company to pursue other interests. Mr. Tobecksen will remain available during the transition. American Eco is a leading North American provider of single-source industrial support and specialty fabrication services in the energy, pulp & paper, and power generating industries.

To: Herb Duncan who wrote (12478)	9/25/1998 2:45:00 PM
From: Kerm Yerman	Read Replies (17) \| Respond to of 15196

SERVICE SECTOR / Destiny Resource Services Corp.: Conference Call Announcement Wednesday September 30, 1998 at 4:15 P.M. Eastern Time DESTINY RESOURCE SERVICES CORP. TSE SYMBOL: DSC SEPTEMBER 25, 1998 CALGARY, ALBERTA--You are invited to participate in a conference call to review the company's first quarter results ended August 31, 1998 as well as the recent progress of Destiny Resource Services Corp.. The financial results will be released prior to the opening of trading on the Toronto Stock Exchange on Wednesday September 30, 1998 and the conference call will take place at 4:15 p.m. eastern time on Wednesday. Present will be: Mr. Adrian Erickson, President & Chief Executive Officer, and Mr. John Newman, Vice President Finance & Chief Financial Officer. Prepared remarks will take approximately 20 minutes and will be followed by a question and answer period. To participate in the conference call, you can call 1-800-273-9672 giving the operator your name, company name and the name of the company hosting the conference ( Destiny Resource Services Corp.) at approximately 4:10 p.m. eastern time or at any time during the conference call. We thank you for your interest in Destiny Resource Services Corp. and look forward to your participation in the conference call. ALTERNATIVELY: For those unable to participate, a recording of the call will be available 1 hour following its completion. To listen to this tape you can call 1-800-408-3053 password 216186.

To: Herb Duncan who wrote (12478)	9/25/1998 2:48:00 PM
From: Kerm Yerman	Respond to of 15196

PROPERTY ACQUISITION / Forte Energy Announces Acquisition FORTE ENERGY LTD. SEPTEMBER 25, 1998 CALGARY, ALBERTA--Forte Energy Ltd. announces the acquisition of producing properties in Northern Alberta and Northeast British Columbia. The properties are located in the Bullrush and Boundary Lake areas of British Columbia and the Hoole and Otter areas of Alberta. Included with the properties is a substantial undeveloped land base with considerable development potential. Forte Energy Ltd. is a private company that is engaging in oil and gas exploration with a primary focus on natural gas in higher quality, thoroughbred reservoirs located primarily west of the 5th meridian. With the assistance of FirstEnergy Capital Corp. the company is well capitalized to pursue growth opportunities in the current economic environment. The principals of the company are T.J. MacKay, Chairman and Chief Executive Officer, Doug Baker, President and Chief Financial Officer, and R. Bruce Hammond, Senior Vice President and Chief Operating Officer.

To: Herb Duncan who wrote (12478)	9/25/1998 2:50:00 PM
From: Kerm Yerman	Respond to of 15196

PROPERTY DISPOSITION / LASMO Announces Sale of the Tempa Rossa Field in Italy LASMO PLC NYSE SYMBOL: LSO SEPTEMBER 25, 1998 LONDON, ONTARIO--LASMO plc, the international oil and gas exploration and production company, today announced that the sale of its Southern Italian asset portfolio has been agreed with a consortium comprising Enterprise Oil Italiana S.p.A., ENI S.p.A., FINA Italiana S.p.A., and Mobil Oil Italiana S.p.A., for a consideration of $33.6 million in cash. The consortium also assumes LASMO's existing obligation to make a further payment of $5 million after an agreed amount of production from the Tempa Rossa field. The agreement is subject to the approval of the Italian authorities and the sale will have an effective date of July 1, 1998. The expected loss on completion of the disposal is some 7 million pounds, based upon a book value of 27 million pounds. Reflecting its strategy to concentrate on businesses that are material to the Group or have the potential to become so, LASMO indicated earlier this year its plan to divest certain of its interests in Italy. These included the Group's equity stake in the Tempa Rossa heavy oil field and surrounding exploration acreage. LASMO's Corporate Development Director, Paul Murray said, "I am very pleased that LASMO has successfully agreed the sale of its Southern Italian assets. Having completed the divestment of our Colombian assets and a large part of our Italian portfolio, LASMO's financial and personnel resources will now be concentrated on regions and businesses which are material to the Group. This will include activity in new regions for LASMO and further investment in our existing core businesses." In addition to LASMO's listing on the New York Stock Exchange, LASMO shares trade on the London, Toronto and Montreal Stock Exchanges. Shares are quoted on the SEAQ System, and prices may be accessed on the Reuter Equities 2000 Service under the symbol LSMR.L and on Quotron under the symbol LSMRU.EU. For further information, visit LASMO's web page at http:\\www.lasmo.com. Notes to editors 1. Tempa Rossa is a heavy oil field in the Southern Apennines of Italy. The field is in the pre-development stage and production is scheduled to begin in early 2002. 2. LASMO acquired Tempa Rossa in 1991 and as part of the original purchase agreed to pay Total France $5 million after an agreed production threshold is reached. This obligation will now be met by the new purchasers.

To: Herb Duncan who wrote (12478)	9/25/1998 2:53:00 PM
From: Kerm Yerman	Respond to of 15196

EARNINGS / Colony Pacific Explorations Reports Third Quarter Results for the Nine Months Ended July 31, 1998 COLONY PACIFIC EXPLORATIONS LTD. TSE SYMBOL: CYX SEPTEMBER 25, 1998 VANCOUVER, BRITISH COLUMBIA--Colony Pacific Explorations Ltd. (CYX- TSE) reports revenues for the third quarter of $46,000 compared to revenues of $75,000 in the third quarter of 1997. In the July 1998 quarter, operating revenues from its oil wells in the Trout Lake area of Alberta were lower than in the prior year due to lower oil prices. The Company recorded a net loss for the third quarter of $8,600 ($0.00 per share) versus a net loss of $42,000 ($0.00 per share) in the prior year's quarter. The 1998 year to date net loss is $3,383,000 ($0.19 per share) versus a loss of $243,000 ($0.01 per share) in the prior year. The Company remains debt free and had working capital of $1,503,000 at July 31, 1998. The Company continues to evaluate opportunities to participate in new initiatives.