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

To: Kerm Yerman who wrote (12486)	9/25/1998 1:41:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Greentree GREENTREE GAS & OIL LTD. REPORTS DRILLING SUCCESS AND ACTIVITY UPDATE LONDON, Ont., Sept. 25 /CNW/ - Greentree Gas & Oil Ltd. is pleased to report it has successfully completed the first three of the Company's proposed eight well drilling program for 1998, in Norfolk County of Southwestern Ontario. In addition to the drilling success, the Company would also like to report a significant increase in its undeveloped lease position, construction of over 10 kilometers of new gathering system and a very successful recompletion of an existing gas producer. Within the next few weeks, the Company expects to tie-in four additional gas wells to its gathering system. Greentree's fourth drill location is expected to reach total depth by early next week and four additional well locations are staked and will be drilled before year-end. The Company's remaining drill locations are on-trend of two previous Greentree successful gas discoveries. To tie-in and accommodate the new production, the Company will lay an additional 15 kilometers of pipeline and install a new compressor to its production infrastructure. Greentree's production is currently 600,000 cubic feet gas per day and this volume is expected to increase to approximately 900,000 by late October. Greentree has received an average of $3.15 per thousand cubic feet for its production in 1998. The Company is very optimistic that it will meet its production target for 1998 of 1,000,000 cubic feet gas per day. Greentree Gas & Oil Ltd. trades on the Canadian Dealing Network under the symbol ''GGOL'' and is a producer and explorer of natural gas in Ontario. THE CANADIAN DEALING NETWORK HAS NEITHER APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN. -30- For further information: Patrick O'Meara, President, Duncan Hamilton, M.Sc., P.Geol., Executive Vice-President Exploration, (519) 681-9355, Fax: (519) 681-3887, E mail: greentree.gas@sympatico.ca

To: Kerm Yerman who wrote (12486)	9/25/1998 1:46:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

TECHNOLOGY / Renaissance participates in test AUTOMATED TRANSFER SYSTEMS SIGNS AGREEMENT WITH MAJOR OIL AND GAS PRODUCER TO DEVELOP GAS-TO-LIQUIDS TECHNOLOGY DENVER, Sept. 25 /CNW/ - Automated Transfer Systems Corp. (OTC Bulletin Board: ATNY) today announced that a subsidiary, Carbon Resources Limited, has signed an agreement with one of Canada's larger oil and gas producers to develop CRL's proprietary technology for converting stranded natural gas to clean-burning petroleum fuels. The agreement, signed with Renaissance Energy Limited in Calgary, will lead to construction, in Alberta, Canada, of a demonstration plant equipped with CRL's cold fusion gas-to-liquids technology. Renaissance will provide the stranded gas well for construction and testing of the plant, assist CRL with regulatory requirements of the Alberta Energy and Utilities Board, and, assuming favorable test results, will consider licensing the technology for use at selected gas wells in Alberta. The plant, due for completion in April, 1999, will be engineered by Bower Damberger Rolseth Engineering Ltd., a privately owned oil and gas engineering firm in Calgary. ''We are very excited about completing this agreement with Renaissance Energy,'' said CRL president Thomas Cooley. ''We believe this collaboration may lead not only to a considerable revenue stream for our company and licensees around the globe, but also to a reduction in natural gas being released into the atmosphere.'' Natural gas, when vented or flared to the air, is a major contributor to atmospheric carbon dioxide and resulting increases in the planetary greenhouse effect. The worldwide market potential for the gas-to-liquids technologies aimed at reducing this effect is estimated at more than $175 billion USD annually. Renaissance Energy Ltd. trades on the Toronto and Montreal Stock Exchanges. In fiscal 1997, the company had revenues of $790 million and net income of $115 million. Bower Damberger Rolseth Engineering Ltd. has built and managed more than 300 oil and gas facilities in Western Canada over the last 15 years. Automated Transfer Systems Corp., which owns a 75 percent interest in Carbon Resources, is a Colorado corporation headquartered in Calgary with offices in Houston and London and an R&D affiliate in Orleans, France. This document contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by the statements made above. Additional information on these and other factors are included in the company's Private Placement Offering Circular, dated August 10, 1998. -30- For further information: Jacquie Danforth, Director, Automated Transfer Systems Corp., (403) 269-2274; or Rick Eisenberg of Eisenberg Communications, (212) 496-6828, for Automated Transfer Systems

To: Kerm Yerman who wrote (12486)	9/25/1998 1:47:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Tan Range stock options TAN RANGE EXPLORATION CORPORATION ANNOUNCES CANCELLATION OF OUTSTANDING STOCK OPTIONS VANCOUVER, Sept. 25 /CNW/ - Tan Range Exploration Corporation Alberta Stock Exchange Symbol: TNX Tan Range Exploration Corporation (the ''Corporation'') has announced the cancellation of all outstanding stock options held by employees, other than directors and officers, which are exercisable at prices of $0.91 or above, and the granting of new stock options to such employees entitling them to purchase up to a total of 1,050,000 Common Shares at a price of $0.32 per share, being the closing price of the shares on the Alberta Stock Exchange on September 23, 1998. The new stock options will expire on September 24, 2003. Each new stock option is conditional on the optionee first agreeing to surrender for cancellation all outstanding options held by him and exercisable at prices of $0.91 or above. The Corporation has also announced the granting to one officer of stock options to purchase 30,000 Common Shares at a price of $0.32 per share on or before September 24, 2003. The price at which stock options granted to an individual providing investor relations services to the Corporation has been amended to $0.32 per share instead of the current price of $0.92 per share. This amendment is conditional on the individual first agreeing to surrender for cancellation all stock options granted to him prior to his engagement to provide public relations services to the Corporation. The foregoing arrangements relating to stock options are subject to the approval of the Alberta Stock Exchange. TAN RANGE EXPLORATION CORPORATION _________________________________ FRANK R. HALLAM, B.B.A., C.A. Secretary-Treasurer The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. -30- For further information: Investor Relations at 1-800-811-3855