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

To: Kerm Yerman who wrote (12575)	10/1/1998 4:13:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Alpine Oil Services Expansion ALPINE EXPANDS UNDERBALANCED DRILLING SERVICES Date: 9/30/98 12:51:51 PM Dateline: CALGARY, ALBERTA Stock Symbol: ASL Mr. Rodney Hauser, President of Alpine Oil Services, today announced the expansion of Alpine's Underbalanced Drilling Services division. Alpine has entered into an agreement with Techcorp Industries Inc. (TCA-ASE) to purchase a minimum of five, and a maximum of ten, RPM System 1500TM Rotating Blowout Preventers. The RPM System 1500TM is a compact, light-weight rotating blowout preventer used in low pressure underbalanced, geothermal and air drilling applications. These well control systems will expand the range of well conditions that Alpine provides underbalanced expertise in. Since the beginning of 1998, Alpine has offered the RPM System 3000TM, the most compact and technologically advanced rotating blowout preventer available. The design of these Rotating Blowout Preventer systems allows oil and gas companies to substantially decrease the present costs of services, while at the same time dramatically improve safety and reduce rig time. With lower oil prices, exploration and production companies are very willing to use service companies that reduce their finding costs. With an approximate 20% Canadian market share for underbalanced drilling services, Alpine remains committed to the expansion of this division due to success experienced not only in Canada, but also in the United States and certain other countries. With a focus on natural gas exploration technologies and services, and underbalanced drilling technologies, management anticipates the Company will generate record after-tax earnings in 1998 due to a long-term focus on technology development, cost controls, and international market exposure for its proprietary products and services. Alpine Oil Services Corporation is an innovative, value-added energy services entity competing in reservoir data acquisition services in the Canadian upstream oil and gas market. Alpine is the second largest provider of Underbalanced Drilling surface pressure control equipment complete with rotating blowout preventers, and largest provider of Real-Time Drill Stem Testing services, in North America. Alpine is the only company in North America that has developed and now offers a mechanical wireline-set and retrievable production telemetry tool. Internationally the Company is involved in the sale of its proprietary equipment into select markets. Alpine is a recognized leader in the research, development and application of innovative technologies related to the services it provides. Alpine uses this technological knowledge base to design and manufacture many of the downhole tools used in its services. To date, Alpine has developed and presently uses more than 65 types of proprietary tools and equipment in its three main service lines.

To: Kerm Yerman who wrote (12575)	10/1/1998 4:19:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

FINANCING / Hampton Court Amends Warrants HAMPTON AMENDS WARRANTS Date: 9/30/98 1:44:06 PM Dateline: CALGARY, ALBERTA Stock Symbol: HCR Hampton Court Resources Inc. (ASE-HCR) is pleased to announce that the Alberta Stock Exchange has conditionally extended the expiry date of Hampton's $2.75 Warrants to December 18th, 1998. The approval is conditional upon the Exchange receiving the following within 45 days: 1. A certified true copy of the directors' resolution consenting to the amendment to the expiry date; 2. A specimen notice to be provided to the warrant holders informing them of the amendment to the warrants; 3. A specimen of the revised warrant certificate; 4. A draft copy of the Press Release that Hampton will be issuing to inform the marketplace of the amendment; and 5. A filing fee of $321.00. Hampton intends to fully comply with the foregoing immediately.

To: Kerm Yerman who wrote (12575)	10/1/1998 4:22:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Cantex Energy Inc. Texas Drilling Update CANTEX HAS BONUS DISCOVERY IN ITS FIRST WELL Date: 9/30/98 1:51:55 PM Dateline: TORONTO, ONTARIO Stock Symbol: CTXE Cantex Energy Inc. (CTXE-CDN, CXEGF-OTC BB)("Cantex") is pleased to announce that it has successfully re-entered the #2 Jennie Settegast well at Pierce Junction Field, Harris County, Texas. The well has been cleaned out to a depth of 7,758' (where the final plug was encountered) in preparation for drilling on to a total depth of 9,550'. The objective is to produce the Yegua gas sands between the depths of 9,100' and 9,500' which analyze to be productive on the old logs but which were not tested by the original operator, due to the very low price for gas at that time. The Yegua gas sands are estimated by Mr. Ron Wefelmeyer P.E. to contain 1.5 billion cubic feet of gas and 20,000 barrels of condensate. The estimated cost to deepen the well is US$207,000. Some US $300,000 has already been expended. Mr. Wefelmeyer is a petroleum engineer with CT Oil Ltd. a wholly owned subsidiary of CANTEX, he is a degreed petroleum engineer from the University of Tulsa, has 20 years experience in oil and gas production and is licensed in the State of Oklahoma as a Professional Engineer. The #2 Settegast was originally drilled in 1958 and a string of 7" casing was run to 8,000' and cemented in place. When the operator abandoned the well the casing was cut at 940' and the top section pulled out of the hole. Cantex has repaired the casing replacing the section that was cut off and cementing it back to the surface. While Cleaning out the old wellbore a production test through casing was run on the Vicksburg Sand at 7,163' to 7,183'. This sand has been a prolific producer in the area for many years and the old logs indicated oil saturation in this well. The test recovered an oil-water emulsion with traces of gas that is similar to the fluid being recovered in nearby wells. The oil is 23 degrees gravity API. Cantex estimates that putting the well on pump and moving substantial amounts of fluid would yield about 15 barrels of oil per day. After squeezing off the Vicksburg perforations, the hole will be in excellent condition for drilling out the last plug and completing operations. The Vicksburg Sand production is a bonus in what was originally intended to be a single completion in the Yegua gas sands, but oil production will await depletion of the Yegua gas. The #2 Jennie Settegast well is the first of a 5 well program presently being funded.

To: Kerm Yerman who wrote (12575)	10/1/1998 4:27:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Request Seismic Surveys Ltd. Company Update REQUEST SEISMIC SURVEYS LTD. - COMPANY UPDATE Date: 9/30/98 3:58:00 PM Dateline: CALGARY, ALBERTA Stock Symbol: RSH Mr. Todd Chuckry, President and Chief Executive Officer of Request Seismic Surveys Ltd. ("Request" or the "Corporation") is pleased to announce that the Corporation has received receipts from the securities commissions in Alberta, British Columbia and Ontario for its final prospectus dated September 29, 1998 (the "Prospectus") qualifying for distribution 2,925,000 common shares issuable upon exercise of a like number of special warrants. The special warrants were issued on July 16, 1998 at a price of $1.75 per special warrant. Upon exercise of the special warrants for common shares, Request will have 10,650,700 common shares issued and outstanding. The net proceeds from the financing of approximately $4,711,625 will primarily be used for the acquisition of proprietary seismic data in select western Canadian locations with the main focus targeting deep gas west of the fifth meridian. Request is also pleased to welcome its newest executive officer, Mr. Brad Turner, who has been appointed as the Corporation's Chief Operating Officer effective October 1, 1998. Mr. Turner brings to Request strong managerial, financial and sales abilities and, in his prior positions in service oriented corporations, has delivered improved margins and increased sales by implementing innovative customer focus service offerings. The Corporation is also pleased to announce that it has filed an application for the listing of its common shares on the Toronto Stock Exchange. Additionally, effective August 31, 1998 KPMG were appointed as the auditors of the Corporation. The Corporation is in the business of providing access to seismic data information to customers within the oil and gas industry. The Corporation manages the flow of seismic information for sale purposes on behalf of other companies, acts as a broker to facilitate the licensing of seismic information between vendors and purchasers, and creates, markets and supervises the acquisition of new seismic data inventory, thereby adding to the asset base of the Corporation.

To: Kerm Yerman who wrote (12575)	10/1/1998 4:31:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUST / Corporate Notice ENERVEST DIVERSIFIED INCOME TRUST - ANNOUNCEMENT Date: 9/30/98 5:07:54 PM Dateline: CALGARY, ALBERTA Stock Symbol: EIT.UN EnerVest Diversified Management Inc., (the "Manager") the manager of the EnerVest Diversified Income Trust (the "Trust") is pleased to announce that effective immediately, Mr. Jeffrey McCaig has joined the Board of Directors. Mr. McCaig is the President, CEO and a Director of Trimac Corporation, a TSE listed company and has been with the Trimac Group of Companies since August of 1983. In addition to his contribution to the Board of the Trust, Mr. McCaig also serves as a Director of Bovar Inc., ATA Foundation, Conference Board of Canada, Richland Petroleum Corporation and Tetonka Drilling Inc. In welcoming Mr. McCaig, the Board also regretfully announces the resignation of Mr. R. Gordon Cormie who has served as a Director of the Manager of the EnerVest Diversified Income Trust and various EnerVest Group of Companies since inception. The Board of Directors thanks Mr. Cormie for his valuable contributions and wishes him every possible success.

To: Kerm Yerman who wrote (12575)	10/1/1998 4:35:00 AM
From: Kerm Yerman	Respond to of 15196

FINANCING / International Gryphon Resources Inc. Debentures INTERNATIONAL GRYPHON ANNOUNCES DEBENTURE REFINANCING Date: 9/30/98 6:33:24 PM Dateline: CALGARY, ALBERTA Stock Symbol: INK International Gryphon Resources Inc., Calgary, announces that the Company's refinancing proposal for its 11% subordinated, convertible debentures due September 30, 1998, was approved at a recent meeting of the debenture holders. Revised terms include a reduction of the interest rate to 7.5%/year with the principal amount of $2.51 million to be repaid on September 30, 2001. During the 3 year term, debentures can be converted to International Gryphon common stock at a revised conversion price of $0.18/share. The Company expects to realize a savings of more than $260,000 as a result of this refinancing. The success of this initiative enables the Company to aggressively pursue its development plans, primarily at its Golden Spike play, where preliminary work on pipeline construction is underway. The Company also acquired the rights in an additional 1280 acres in the area at a recent Crown land sale, to hold a 50% - 100% interest in approximately 7300 acres on its Golden Spike property. In other developments, the Company announces its participation in recent drilling success in the Capron area, of east central Alberta has resulted in net production of approximately 400 Mcf/day. This increment brings the Company's daily production to 176 BOE, exceeding its third quarter exit production forecast by some 13.5%. The Company has a 10% interest in 6400 acres in this area and additional development is pending technical evaluation. The Company also announces the resignation of Mr. R. W. Laidlaw from its Board of Directors, effective immediately. International Gryphon Resources Inc. trades on the Alberta Stock Exchange under the symbol "INK". For additional information, contact: