Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: SofaSpud who wrote (12681)	10/7/1998 6:36:00 AM
From: Herb Duncan	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / PetroQuest Energy Announces Fourth Quarter Drilling Plans TSE SYMBOL: PQU NASDAQ SYMBOL: PQUE OCTOBER 6, 1998 LAFAYETTE, LOUISIANA--PetroQuest Energy, Inc. (NASDAQ:PQUE; TSE:PQU) announces its plans to drill two exploratory wells based on 3-D computer enhanced data in the fourth quarter. Drilling of the first well is expected to begin in late October. It is to be drilled in the Company's Turtle Bayou Field and if successful is expected to be on production by January 1999. The second well will commence drilling in December in the Valentine Field where recent 3-D seismic data is available. If successful, this well would be on production by March 1999. In addition, two wells are being evaluated for projected drilling in late 1998 or early 1999. PetroQuest Energy is an independent oil and gas company headquartered in Lafayette, Louisiana, and is engaged in the exploration, development, acquisition and operation of oil and gas properties in Louisiana and the Gulf of Mexico. It is the result of the merger of Optima Petroleum Corporation and American Explorer, L.L.C. which was closed September 1, 1998. Certain matters discussed in this press release are "forward-looking statements" intended to qualify for the safe harbors from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements can generally be identified as such because the context of the statement will include words such as the company "believes," "anticipates," "expects" or words of similar import. Similarly, statements that describe the company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those currently anticipated. A description of such forward-looking statements can be found in the company's periodic reports filed with the Securities and Exchange Commission. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating the forward-looking statements and are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements made herein are only made as of the date of this press release and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

To: SofaSpud who wrote (12681)	10/7/1998 6:38:00 AM
From: Herb Duncan	Respond to of 15196

CORP / Maxwell to Re-Purchase Common Shares ASE, VSE SYMBOL: MWL OCTOBER 6, 1998 CALGARY, ALBERTA--The Board of Directors of Maxwell Oil & Gas Ltd. wishes to announce that the Company has filed notice with The Alberta Stock Exchange (the ASE) relating to the re-purchase by Maxwell of certain of its issued and outstanding common shares, pursuant to a normal course issuer bid undertaken in accordance with the rules and by-laws of the ASE. The Company has been informed that the ASE has accepted its notice to make a normal course issuer bid. Goepel McDermid, Inc. will be making the purchases on behalf of Maxwell. Currently, there are 9,194,969 common shares of Maxwell issued and outstanding. In connection with the normal course issuer bid being undertaken, Maxwell may purchase up to 450,000 common shares, representing less that 5 percent of the total number of common shares currently outstanding, during the period from October 1, 1998 to September 30, 1999. Maxwell has not purchased any common shares during the past 12 months. In the opinion of the Board, the market price of the common shares does not accurately reflect the value of those shares. As a result, from time to time, the common shares may become available for purchase at prices which make them an attractive investment and an appropriate use of the Company's funds. It is anticipated that the purchase of common shares will benefit the remaining shareholders of Maxwell by increasing their equity interest in the Company's assets.

To: SofaSpud who wrote (12681)	10/7/1998 6:43:00 AM
From: Herb Duncan	Respond to of 15196

PIPELINES / Hartland Announces $6.5 Million AEC Suffield Gas Pipeline Project Awarded To Hat Pipeline Ltd TSE SYMBOL: HAR OCTOBER 6, 1998 CALGARY, ALBERTA-- THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR THROUGH ANY SERVICES HAVING U.S. PARTICIPATION. Brian J. Murray, President and CEO of Hartland Pipeline Services Ltd. is pleased to announce that Rattler Resources Ltd's wholly owned subsidiary Hat Pipeline Ltd, has been awarded the AEC Suffield Pipeline Gas Pipeline Project by AEC Suffield Gas Pipeline Inc. (a wholly owned subsidiary of Alberta Energy Company) valued at $6.5 million. The Project is 105 km of 16" and 10" high pressure gas line from the Suffield Military Range, Alberta to the TCPL compressor in Burstall, Saskatchewan. This contract is expected to start mid-October with the expected completion by mid-November 1998. The project will aid Rattler in meeting projections for the year and adds to the Company's current construction backlog of $ 470 million. Hartland serves a broad client base of senior Canadian oil and natural gas producers and large pipeline companies. Hartland's vertically integrated operations include fabrication, installation and construction of gathering systems and small to large bore oil and gas pipelines, environmental reclamation services and horizontal drilling. Hartland's strategic objective is to become a full service provider of pipeline construction solutions to the North American gathering and pipeline construction markets.

To: SofaSpud who wrote (12681)	10/7/1998 6:49:00 AM
From: Herb Duncan	Respond to of 15196

CORP / Deena Energy Corporate Update ASE SYMBOL: DNG OCTOBER 6, 1998 CALGARY, ALBERTA--Deena Energy Inc. announces that their banker, a Canadian chartered bank, has demanded repayment of their secured loan by the close of business on October 15, 1998. If the loan is not repaid by such date, the bank may enforce their security. The balance of the loan outstanding at October 1, 1998 was $6,467,651. Deena Energy Inc. is reviewing alternatives in order to restructure the company. Deena Energy Inc. is a Canadian oil and gas company listed on the ASE under the trading symbol, DNG.

To: SofaSpud who wrote (12681)	10/7/1998 6:53:00 AM
From: Herb Duncan	Respond to of 15196

MERGERS-ACQUISITIONS / Colt Energy Inc.: Keywest Energy Increases Investment Clout ASE SYMBOL: COE AND KEYWEST ENERGY CORPORATION ASE SYMBOL: KWE OCTOBER 6, 1998 CALGARY, ALBERTA-- Increase cash reserves will enable new venture of Jordan Petroleum founders to seek oil and gas opportunities KEYWEST ENERGY CORPORATION and COLT ENERGY INC. today announced they have entered into a letter of intent with respect to the proposed business combination of their two companies. The proposed business combination will be effected by way of a share exchange implemented by a Plan of Arrangement whereby Colt will become a wholly-owned subsidiary of KeyWest and the resulting entity will continue operating as KeyWest Energy Corporation. The share exchange provides that KeyWest will acquire all of the issued and outstanding common shares of Colt based on one common share of KeyWest for every 1.65 common shares of Colt. Colt currently has approximately 21.5 million common shares issued and outstanding and KeyWest currently has approximately 19.2 million common shares issued and outstanding. Colt's assets comprise cash of approximately $8.1 million and oil and gas properties valued at $750,000. Upon completion of the proposed transaction KeyWest will have cash of approximately $19.5 million, oil and gas assets of $750,000, no debt and approximately 32.2 million common shares outstanding. This will put KeyWest in a unique position to pursue oil and gas mergers, property acquisitions and drilling opportunities in the coming months, and is consistent with KeyWest's stated business strategy. Following completion of the transaction Messrs. Alain Lambert and Lyle D. Schultz will be joining the KeyWest board of directors. KeyWest board currently consists of Ronald L. Belsher, Mary C. Blue, John J. Brown, David Crevier, Hugh Mogensen, Harold V. Pedersen and J. Ronald Woods. The President of KeyWest is Harold V. Pedersen, co-founder and former President of Jordan Petroleum Ltd. until its sale in December 1997. Mr. Pedersen's two Jordan co-founders, Mary C. Blue and Garry L. West, are also now at KeyWest in the respective capacities of Executive Vice-President and Vide-President of Engineering & Production. Jordan Petroleum was founded in 1986 with an initial capitalization of $65,000 at 10 cents per share and was sold last year at $9.80 per share, for a total value of $435 million. The letter of intent is subject to receipt of all necessary regulatory approvals, the entering into of a definitive arrangement agreement, the receipt of Colt's shareholder approval by December 15, 1998 and certain other standard conditions including completion of due diligence. The letter of intent also provides for a reciprocal break fee between the parties of $400,000 in the event that either party withdraws from the arrangement. Griffiths McBurney & Partners are acting as financial advisors with respect to this transaction. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN.

To: SofaSpud who wrote (12681)	10/8/1998 1:07:00 AM
From: Kerm Yerman	Respond to of 15196

NEB / NEB Sets Public Hearing For Vector Pipeline Project CALGARY, Oct. 7 /CNW/ - The National Energy Board has set down for public hearing an application by Vector Pipeline Limited Partnership of Calgary to construct and operate a natural gas pipeline in southeastern Ontario. The hearing will commence 18 January 1999 at a location in Ontario to be announced at a later date. Interventions must be filed with the Board by 30 October 1998. The Canadian portion of the pipeline project the company is applying to construct is 24 kilometres (15 miles) of 1 067 millimetre (42 inch) diameter natural gas pipeline extending from a point along the International Boundary on the St. Clair River near Sarnia, Ontario to a point near Dawn, Ontario. At Dawn, shippers may access other existing and proposed new pipeline facilities in eastern Canada and the northeastern region of the United States. The Vector Pipeline is proposed to have an initial capacity of 28.3 million cubic metres (one billion cubic feet) of natural gas per day. The estimated cost of the proposed facilities is $35.4 million. The Vector Pipeline is planned to interconnect upstream in the United States with existing and proposed transmission facilities of Northern Border Pipeline Company, Alliance Pipeline Ltd. and Michigan Consolidated Gas Company. In Canada, downstream connections are planned with facilities owned by Union Gas Limited. For a copy of Hearing Order GH-5-98: Publications Officer Library 444 Seventh Avenue S.W. Calgary, Alberta T2P 0X8 (403) 299-3562 This news release is also available on the Board's internet site at www.neb.gc.ca

To: SofaSpud who wrote (12681)	10/8/1998 1:10:00 AM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

Alberta Stock Exchange - Bulletin / Dynamic Ventures Trading Suspended CALGARY, Oct. 6 /CNW/ - BULLETIN NO.: 9810 - 589 TRADING SUSPENSION DYNAMIC VENTURES INC. (DVL) The shares of Dynamic Ventures Inc. were suspended from trading at the close of business on TUESDAY, OCTOBER 6, 1998 pending satisfactory filing of documentation and review by the Exchange of certain share issuances and Company disclosure. Trading in the Company's shares was initially halted on August 18, 1998 pending clarification of Company affairs.

To: SofaSpud who wrote (12681)	10/8/1998 1:15:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

Alberta Stock Exchange / Profab Energy Services Ltd. Lists On ASE Profab Energy Services Ltd. PFE-ASE Oct.07/98 - PROFAB Energy Services Ltd. announced that on September 9, 1998, it filed and cleared a Prospectus for its initial public offering in the provinces of Alberta and Saskatchewan for a minimum of 2 Million on Shares at $0.50 per Common Share representing gross proceeds of $1.0 million and $1.5 million respectively. The common shares of Profab are expected to be listed on the Alberta Stock Exchange under the symbol ''PFE''. Profab is a Calgary based, Growth-Oriented company engaged in the business of Engineering, Designing and Fabricating Gas Compression, Gas Processing and Oil related Facilities in Western Canada. A book for the receipt of subscriptions from other members will not be opened on the offering date as the offering was fully subscribed. The common shares of Profab Energy Services Ltd. will be posted for trading at the opening of business on WEDNESDAY, OCTOBER 7, 1998. Commencement of trading will be delayed pending receipt of closing documentation. A further Bulletin will be issued prior to commencement of trading.

To: SofaSpud who wrote (12681)	10/8/1998 1:20:00 AM
From: Kerm Yerman	Read Replies (7) \| Respond to of 15196

CORP NOTICE / Omni Energy Services Anticipates Hurricane-Related Earnings Decline CARENCRO, La., Oct. 7 /CNW/ -- OMNI ENERGY SERVICES CORP. (Nasdaq: OMNI), today announced it does not expect to achieve the published analysts' estimates of revenue and earnings for the quarter ended September 30, 1998. The revenue shortfall, which will approximate $5 million, is primarily attributable to the tropical storms and hurricanes experienced on the Gulf Coast in August and September and is further exacerbated by the current softness in the energy service markets. Due to the lower sales estimates and additional operating costs related to the aforementioned weather conditions, the Company's earnings will be substantially less than previous estimates. Headquartered in Carencro, La., OMNI provides a broad range of integrated services to both geophysical and exploration and production companies engaged in the acquisition of on-shore seismic data. The Company provides its services through three business units: Seismic Drilling, Seismic Survey and Helicopter Support. OMNI specializes in operations in logistically difficult and environmentally sensitive terrain worldwide.

To: SofaSpud who wrote (12681)	10/8/1998 1:25:00 AM
From: Kerm Yerman	Respond to of 15196

Alberta Stock Exchange / Trenton Energy Inc. To Be Listed On TSE CALGARY, Oct. 7 /CNW/ - BULLETIN NO.: 9810-590 ORIGINAL LISTING TRENTON ENERGY INC. - A Junior Capital Pool Company (ASE/TNY) The common shares of Trenton Energy Inc. will be posted for trading at the opening of business on FRIDAY, OCTOBER 9, 1998. Stock Symbol: TNY ISM Security Code: 680 996 CUSIP Number: 894890 10 2 Transfer Agent: Montreal Trust Company of Canada- Calgary Agent: Emerging Equities Inc. Trenton Energy Inc. has successfully completed its initial public offering of 1,500,000 common shares for total gross proceeds of $300,000. Trenton Energy Inc. has 3,250,000 shares issued and outstanding. Trenton Energy Inc. is a Junior Capital Pool Company which proposes initially to identify and evaluate opportunities for the acquisition of an interest in corporations, properties, assets or businesses, and once identified, to determine the terms upon which to acquire an interest therein. The Company's contact for additional information is Mr. L. Grant Brown, President, No. 601, 500 - 4th Avenue S.W., Calgary, Alberta, T2P 2V6. Telephone (403) 263-2476. BY ORDER OF THE BOARD OF GOVERNORS

To: SofaSpud who wrote (12681)	10/8/1998 1:38:00 AM
From: Kerm Yerman	Respond to of 15196

CORP NOTICE / Founder Resources Inc. Announce Shares For Debt Settlement Accepted VANCOUVER, Oct. 6 /CNW/ - Founder Resources Inc. TRADING SYMBOL: VSE-FOD Barbara Kowalski, President of Founder Resources Inc., announces that the Vancouver Stock Exchange has accepted the shares for debt settlement with three creditors as was outlined in the September 17, 1998 company news release. The expiry dates for the hold period for the securities pursuant to the debt settlement will be July 31, 1999 for Ladel Exploration Inc., and Morning Dew Exploration Ltd., and August 18, 1999 for Forage Val d'Or Inc.

To: SofaSpud who wrote (12681)	10/8/1998 1:47:00 AM
From: Kerm Yerman	Respond to of 15196

MERGERS - ACQUISITIONS / Keywest Energy Increased Cash Reserves Will Enable New Venture Of Jordan Petroleum Founders To Seek Oil And Gas Opportunities. KEYWEST ENERGY INCREASES INVESTMENT CLOUT CALGARY, Oct. 6 /CNW/ - KEYWEST ENERGY CORPORATION (ASE: KWE) and COLT ENERGY INC. (ASE: COE) announce they have today entered into a letter of intent with respect to the proposed business combination of their two companies. The combination will be effected by way of a share exchange implemented by a Plan of Arrangement whereby Colt will become a wholly-owned subsidiary of KeyWest and the resulting entity will continue operating as KeyWest Energy Corporation. The share exchange provides that KeyWest will acquire all of the issued and outstanding common shares of Colt based on one common share of KeyWest for every 1.65 common shares of Colt. Colt currently has approximately 21.5 million common shares issued and outstanding and KeyWest has approximately 19.2 million common shares issued and outstanding. Colt's assets comprise cash of approximately $8.1 million and oil and gas properties valued at $750,000. Upon completion of the proposed transaction KeyWest will have cash of $19.5 million, oil and gas assets of $750,000, no debt and approximately 32.2 million common shares outstanding. This will put KeyWest in a unique position to pursue oil and gas mergers, property acquisitions and drilling opportunities in the coming months, and is consistent with Key West's stated business strategy. Following completion of the transaction Messrs. Alain Lambert and Lyle D. Schultz will be joining the KeyWest board of directors. The KeyWest board currently consists of Ronald L. Belsher, Mary C. Blue, John J. Brown, David Crevier, Hugh Mogensen, Harold V. Pedersen and J. Ronald Woods. The President of KeyWest is Harold V. Pedersen, co-founder and former president of Jordan Petroleum Ltd. until its sale in December 1997. Mr. Pedersen's two Jordan co-founders, Mary C. Blue and Garry L. West are also now at KeyWest in the respective capacities of Executive Vice-President and Vice- President of Engineering & Production. Jordan Petroleum was founded in 1986 with an initial capitalization of $65,000 at 10 cents per share and was sold last year at $9.80 per share, for a total value of $435 million. The letter of intent is subject to receipt of all necessary regulatory approvals, the entering into of a definitive arrangement agreement, the receipt of Colt's shareholder approval by December 15, 1998 and certain other standard conditions including completion of due diligence. The letter of intent also provides for a reciprocal break fee between the parties of $400,000 in the event that either party withdraws from the arrangement. Griffiths McBurney & Partners are acting as financial advisors with respect to this transaction.

To: SofaSpud who wrote (12681)	10/8/1998 1:51:00 AM
From: Kerm Yerman	Respond to of 15196

Alberta Stock Exchange / Emerald Bay Energy Inc. Completes Major Transaction CALGARY, Oct. 6 /CNW/ - BULLETIN NO.: 9810 - 588 COMPLETION OF A MAJOR TRANSACTION EMERALD BAY ENERGY INC. (EBY) The Company has completed the Major Transaction outlined in its Information Circular dated June 29, 1998 and approved by the shareholders on July 31, 1998. As a result, effective at the opening of business on THURSDAY, OCTOBER 8, 1998, the Company will no longer be considered a Junior Capital Pool Company. BY ORDER OF THE BOARD OF GOVERNORS

To: SofaSpud who wrote (12681)	10/8/1998 1:53:00 AM
From: Kerm Yerman	Respond to of 15196

Alberta Stock Exchange / Short Position Report as at September 30, 1998 CALGARY, Oct. 6 /CNW/ - BULLETIN NO.: 9810 - 586 SHORT POSITION REPORT AS AT SEPTEMBER 30, 1998 NET-CHANGE TOTAL ---------- ----- ABT Abacus Software Group Inc. NC 124 ALR Absolut Resources Corp. +59,800 59,800 ACE Ac Energy Inc. NC 200 AFG Accel Financial Group Ltd. +2,500 24,600 WOW Adwall Capital Corp. NC 103 AGS Agau Resources Inc. -17,351 4,649 AWS Alexander News International Inc. +2,283 10,000 ALH Alhambra Resources Ltd. NC 224 ACZ Alpha Communications Corp. NC 200 AHS Alta Natural Herbs & Supplements Ltd. +6,458 7,000 AX Amblin Resources Inc. +300 300 ADZ Andina Development Corporation NC 200 AGC Applied Gaming Solutions Of Canada Inc. +3,000 3,000 AGP Arctic Group Inc., The +3,800 5,900 ABM Ateba Mines Inc. -54,000 120 BEA Bearcat Explorations Ltd. -9,475 30,654 BGY BelAir Energy Corporation +69,000 107,000 BPY Belfast Petroleum Inc. -3,900 23,900 BV Big Valley Resources Inc. NC 2,900 BCN Black Canyon Resources Inc. +90,000 90,000 BHW Bluestar Battery Systems International Corp.+2,100 16,100 BOO Boom Capital Corporation NC 100 BUV Buchans River Ltd. NC 185 BXL BXL Energy Ltd. +167 167 CBP Cabrillo Capital Corporation -6,100 27,000 CKK Canada Brokerlink Inc. +13,044 14,544 CNW.A Canada West Capital Corp. +4,000 4,000 CVK Cancrete Environmental Solutions Inc. +869 869 CXO.A Canex Energy Inc. NC 5,000 CD Cantex Mine Development Corp. +182 2,000 CYF Canyon Creek Food Company Ltd. +3,000 3,000 CRL Canadian Chemical Reclaiming Ltd. NC 138 CZO Ceapro Inc. +174 174 CME Celtic Minerals Ltd. -200 131 CHZ Cenpro Technologies Inc. NC 200 CB Chembond Limited NC 200 CLL Coleville Resources Ltd. +513 513 COE Colt Energy Inc. +344,500 344,500 CYR Columbia Yukon Resources Ltd. +774 1,074 CWY Commonwealth Energy Corp. -9,800 61,976 CEY Crispin Energy Inc. NC 200 CVQ CV Technologies Inc. NC 156 DGS Data Gathering Capital Corp. +100 100 DD Delicious Alternative Desserts Ltd. -9,500 26,100 DTR Detector Resources Ltd. +174 174 DIC Digital Courier International Corp. NC 11,048 DIA Diversified Investment Strategies Inc. +137 137 DOY Doreal Energy Corporation +2,500 2,500 DVL Dynamic Ventures Ltd. NC 343 ETX E-Tech Investments Inc. +1,500 9,500 EME Eastern Meridian Mining Corporation +192 192 EDG Edge Energy Inc. -6,800 30,100 EMW EMR Microwave Technology Corporation -320 2,500 ENC Encounter Energy Inc. +163 163 EEC Endless Energy Corp. NC 100 ESC Ensel Corporation NC 110 ED Enterprise Development Corporation +345 345 FXX Enviro FX Inc. NC 113 EYE.A Eyelogic Systems Inc. +203 203 FRL Firelight Corporation -320 13,400 FPM Flame-Petro Minerals Corp. NC 145 FOC Forest Oil Corp. NC 100 FYT Fytokem Products Inc. NC 125 GYR Gallery Resources Limited -25,557 10,000 GTP.A Golden Trend Petroleum Ltd. +250 250 GH Goldhunter Exploration Inc. NC 193 GOF Gopher Oil & Gas Company Ltd. +558 558 GRI Grace Resources Inc. NC 100 GRP Green River Petroleum Inc. -1,700 12,700 HCR Hampton Court Resources Inc. -3,188 212 HWP Hardwood Properties Ltd. -6,200 10,800 HWK.B Hawk Oil Inc. ''B'' NC 127 HEG Hegco Canada Inc. -51,700 174,300 HLN Helin Industries Inc. NC 400 HGP Highpoint Telecommunications Inc. +1,980 5,000 HDL Highwood Distillers Ltd. NC 178 HTN Home Ticket Network Corporation NC 117 HMP Humpty's Restaurants International Inc. NC 615 HFG Hunter Financial Group Ltd. NC 200 IDS Inlet Devices Corporation +16,320 17,020 IUS Int'l Utility Structures Inc. +2,700 2,700 ITN Intepac Corporation -141 13,900 ISS Interprovincial Satellite Services Ltd. NC 9,400 JLX J & L Capital Venture Corp. NC 300 JBA Jaba Inc. +228 228 JCC Jade Capital Corp. NC 400 KGM Kingman Capital Corporation NC 23,500 LFT L.I.F.T. Systems Inc. NC 200 LMN Leader Mining International Inc. -4,100 28,900 LOY Loyalist Insurance Group Limited, The NC 107 MRA Madrona Mining Limited NC 100 MAP Maple Mark International Inc. +328 918 MHW Marchwell Capital Corp. NC 200 MCZ.A MC2 Learning Systems Inc. NC 14,500 MPR Mera Petroleums Inc. NC 250 MSK Muskox Minerals Corp. +300 300 NDR New Indigo Resources Inc. +4,000 4,000 NMM Newmex Minerals Inc. +100 100 NSS Newsys Solutions Inc. +171 171 NXT Nextron Corporation NC 300 NKO Niko Resources Ltd. NC 700 NGC Nordic Gold Corp. -2,000 129 NSM.A Northside Minerals International Inc. NC 163 NTX Ntex Incorporated NC 500 NTI NTI Resources Limited -22,000 20,000 ONT Ontex Resources Ltd. +8,000 8,000 ORN Orion Resource Corporation NC 200 ORG Orogrande Resources Inc. +198 198 ORC Orovista Resources Ltd. +5,000 5,000 OTI Otatco Inc. NC 364 PFN Pacific North West Capital Corp. +10,000 10,000 PAD Paradise Capital Inc. NC 115 PKC Parkcrest Exploration Ltd. NC 500 PXX Patrician Gold Mines Ltd. -1,000 134 PKT Peaksoft Corporation +4,378 4,378 PN Pelorus Navigation Systems Inc. +6,000 6,000 PNL Pender Capital Corp. -7,275 225 PER Petro-Reef Resources Ltd. NC 169 PKL Pickle Crow Resources Inc. NC 300 PMT Plata Mining Ltd. +15,000 15,000 PPU Plata-Peru Resources Inc. NC 162 PYC Polycorp Inc. NC 100 POS Postec Systems Inc. NC 150 PPF PPF International Corporation NC 5,000 POR Process Capital Corp. +200 430 PPI Proprietary Energy Industries Inc. NC 1,400 PSE Prospectus Group Inc., The NC 100 PYI Pyramid Energy Inc. NC 147 QE Q Energy Limited -2,500 0 QRI QR Canada Capital Inc. +100 100 RAC Radar Acquisitions Corp. +7,500 7,600 RBP Rainbow Petroleum Corp. -1,800 52,400 RAR Raymor Resources Ltd. NC 112 RBD.A Redbird Gold Corp. NC 214 RE Redeco Energy Inc. +201 201 RDW Redwood Resources Ltd. -200 175 RFD Renfield Enterprises Inc. +971 971 RSH Request Seismic Surveys Ltd. +5,500 5,500 RDM Rhonda Mining Corporation NC 800 RMC Rich Minerals Corp. NC 549 RGD Rondal Gold Corporation +9,852 28,000 SHB Safe Harbour Capital Ltd. NC 200 SAM SAM Sports Systems Inc. +20,000 20,000 SCH Schwanberg International Inc. NC 100 SI.UN Serval Integrated Energy Services +10,000 28,950 SOF Shivasoft Inc. +5,000 39,400 SIO Sinetec Holdings Corporation +400 570 SKV Skygold Ventures Ltd. NC 200 SA Smartsales Inc. NC 159 SFX Softwex Technologies Inc. NC 6,200 SRW Solid Resources Ltd. +100 4,200 SAY Sparta Capital Ltd. +250 250 SHD Spearhead Resources Inc. NC 200 SRU Starfield Resources Inc. +6,000 10,100 SOJ Storage One Inc. +433 433 SME Storm Energy Inc. +106,819 106,819 STD Strategic Data Ltd. NC 1,189 SWI Summerwood Industries Inc. -13,718 32,437 UDC Sundance Resources Inc. NC 250 SUR Sur American Gold Corporation +10,000 10,000 TPT Tappit Resources Ltd. -210 1,347 TCR TCR Environmental Corp. +120 120 TBP Telebackup Systems Inc. -1,200 3,200 TKW Telkwa Gold Corporation +102 102 TRY Tertiary Mines Ltd. NC 227 TML TML Foods Inc. +53,500 53,500 TXN True Exploration Corporation NC 10,000 TUS Tuscany Energy Ltd. +2,100 2,100 UVC Ultravision Inc. +204 204 UDS Underbalanced Drilling Systems Corp. -3,869 131 UIS United Industrial Services Ltd. +29,830 29,830 UNX United States Exploration Corporation NC 300 VTE Vector Intermediaries Inc. -2,500 3,000 VZZ Vehicle Recycling Technologies Inc. NC 450 VIS Visionary Solutions Corp. +112 112 VLI Visualabs Inc. NC 8,000 VIV Vivant Group Inc., The NC 945 WNX Warnex Pharma Inc. NC 100 WWK Warwick Communications Inc. NC 100 WPT Westport Innovations Inc. +8,100 19,000 WLC.A Westview Lifecare Centres Inc. NC 90,000 WCT Wood Composite Technologies Inc. NC 145 XNX Xinex Networks Inc. NC 100,000 XLF XL Foods Ltd. +26,000 26,000 XPL Xplore Technologies Corp. +15,800 15,800 BY ORDER OF THE BOARD OF GOVERNORS

To: SofaSpud who wrote (12681)	10/8/1998 1:57:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Barra Resources Announces Drilling Results CALGARY, Oct. 6 /CNW/ - BARRA RESOURCES INC. (ASE: BAO) (the ''Corporation'') announces that the Barra et al 8-34-19-14W4 well at Bantry has been drilled and tested. The well, in which Barra has a 45% before payout and 39% after payout interest, was drilled to a total depth of 880 meters and logged and tested in the Bow Island and Viking formations. On production test the Bow Island zone flowed gas at a rate of 2 mmcfd over a 24 hour period at a 20% drawdown. The newly drilled well is located between the Barra operated 7-35-19-14W4, which currently produces 500 mcfd from the Bow Island and has cumulative to date production of 1.3 bcf, and the 7-33-19-14W4 which produced 5 bcf of gas before watering out. The reservoir and pressure data from these two wells, in conjunction with the current drilling results, indicates that the Bow Island reservoir is continuous across the three sections. This interpretation could result in an additional 7 bcf of reserves being assigned to these lands. Initial production rates of 1,500 mcfd are anticipated from the well at 8-34-19-14W4. The well lies about 300 meters from current pipelines enabling production to be economically tied in by November 1, 1998. Barra Resources is an emerging junior oil and gas company with current production rates of 110 bpd of oil and liquids and 1,550 mcfd of natural gas.

To: SofaSpud who wrote (12681)	10/8/1998 2:03:00 AM
From: Kerm Yerman	Respond to of 15196

CORP NOTICE / Intercap Resource Management Announces Norman Wareham's Resignation as Secretary and John M. Musacchio's Appointment as Secretary HOUSTON, Oct. 6 /CNW/ - Intercap Resource Management Corp. Trading Symbol: IRC The Company wishes to announce that Norman Wareham has resigned as Secretary of the Company and that John M. Musacchio has been appointed as Secretary replacing Mr. Wareham. Mr. Wareham remains as Treasurer and as a Director of the Company. Mr. Musacchio, 51, is an executive with more than 25 years experience in international business. He currently serves as Director and Chief Operating Officer of Ichor Corporation. In an effort to reduce operating costs, the Company has closed its Vancouver office effective October 1, 1998, and moved all operations to its head office in Houston, Texas. The Company has elected to maintain its shareholding in COMECO Petroleum, Inc. at 41.25% and to forego its option to increase its participation to 50%. The Company's indirect interest in the East Shabwa Development Block in Yemen will remain at 11.785%. The Company also announces that it has written off its interest in the Abanico Block in Colombia's Magdalena Basin. Since September 16, 1997, the Company has spent an estimated $2,640,000 on exploration in the Abanico Block leaving approximately $600,000 of the initial $3,240,000 investment to be applied to future exploration activities. The Company intends to farm out a portion of its interest in the Block in order to avoid additional exploration costs and minimize future development costs. Effective September 16, 1998, Jim D. Ford, the President of the Company has agreed to waive the increase in his salary under his employment contract from US$12,500 to US$25,000 per month based on revenues reaching US$500,000 per month and to waive future entitlement under a bonus system based on the acquisition of additional oil reserves by the Company. Mr. Ford and the Company have agreed to negotiate the replacement of the current bonus system with a new incentive system.

To: SofaSpud who wrote (12681)	10/8/1998 2:08:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Harken ERnergy Announces Increase in Palo Blanco Field Size From Recent 3-D Seismic Shoot DALLAS, Oct. 6 /CNW/ -- Harken Energy Corporation (Amex: HEC) announced today that it has recently completed an internal evaluation of the 50 square kilometer 3-D seismic data acquisition on the Palo Blanco field on its 242,000 acre Alcaravan/Miradores Association Contract Areas of Colombia. Harken's original estimates indicated a structure size of approximately 1,200 acres. After evaluating this recently acquired seismic information, and correlating it with available area well log data, Harken now believes that the Ubaque structure, which is productive in its Palo Blanco Field, could be up to 400% of the size previously calculated. Current internal calculations put the structure as large as 5,000 acres. Additionally, it is expected that the weather will be dry enough during the fourth quarter to resume testing operations on the Canacabare #1 well. Testing on this well, in the northern Alcaravan Area, had to be suspended earlier because of the rainy season. Final results of that well will be reported as soon as weather permits. As previously reported, Harken encountered problems in drilling the Islero #1 well on the 300,000 acre Cambulos Association Contract Area. The Company has had problems with continuous sticking of the drill string in a highly fractured and faulted section of subsurface structure. Harken plugged back to approximately 1,400 feet and sidetracked the problem zone, setting intermediate casing to address the problem. The well is currently at approximately 4,700 feet and drilling ahead. The well should reach the target depth sometime during mid October. Drilling on the 250,000 acre Bolivar Association Contract Area should commence soon. Most of the necessary drilling equipment, which was delayed by tropical storms in the Gulf of Mexico, is in Colombia and commencement of drilling operations will be announced in a future press release. The current plans for the development of the Bolivar block call for a significant number of wells to be drilled over the next three years. As a part of this process, Harken is currently in discussions with a number of financing sources to provide debt financing for the development of the block. Such a credit facility could enable the Company to accelerate its development of the field while still preserving its working capital position for an expanded exploration effort. As a part of this financing plan, and in order to include Ecopetrol in the future planning process, the Company has decided to reevaluate its drilling schedule in anticipation of receiving long-term financing. Also, Harken believes that lower oil prices have increased the availability of rigs at attractive prices. As a result, Harken has decided not to renew the long-term contract for the Pride rig in anticipation of more favorable short-term alternatives. While this might temporarily slow down the drilling pace on Bolivar, it is anticipated that drilling could accelerate significantly once such a credit facility is active. The pipeline construction project on the Bolivar block is on track as previously announced. The acquisition of rights of way and environmental permits is on track and pipeline completion remains scheduled for late 1998 or early 1999. The 374,000 acre Los Olmos Association Contract Area is currently undergoing a geological study. Under terms of the contract with Ecopetrol, Colombia's National oil company, Harken has to reprocess 165 kilometers of existing seismic and acquire an additional 25 kilometers of new seismic data during the first year. A geochemical study of the source rock is underway and the seismic data for reprocessing is currently being analyzed. "We continue to make progress on all fronts in our Colombian blocks," stated Mikel D. Faulkner, Harken's Chairman. He added, "This is a difficult environment for many oil and gas exploration companies. However, we are fortunate to have the capital to pursue our exploration projects without delay. In this time of distress for the industry, there are numerous opportunities that present themselves to companies with a strong capital base. We intend to take full advantage of this window of opportunity in our efforts to further increase Harken's shareholder value." Harken Energy Corporation ("Harken") explores for, develops and produces oil and gas reserves domestically and internationally. Certain statements in this news release regarding future expectations and plans for international oil and gas exploration and development may be regarded as "forward looking statements" within the meaning of the Securities Litigation Reform Act. They are subject to various risks, such as the inherent uncertainties in interpreting engineering data related to underground accumulations of oil and gas, timing and capital availability, discussed in detail in the Company's SEC filings, including the Annual Report on Form 10-K for the year ended December 31, 1997. Actual results may vary materially.

To: SofaSpud who wrote (12681)	10/8/1998 2:28:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Goldnev Resources Inc. Announces Update on Coos Prospect VANCOUVER, Oct. 5 /CNW/ - Goldnev Resources Inc. TRADING SYMBOL: VSE-GNZ Goldnev Resources Inc. (the ''Company'') is providing an update on well operations at its Coos natural gas prospect in Southwest Texas. The Barnes ''39'', Well No.1 was drilled to a total depth of 12,541 feet and the drilling rig released on August 9, 1998. The evaluation of the Ellenburger formation has been suspended after recovering excess water volumes with minor gas blows. The service rig has been released pending a decision whether to evaluate the uphole gas shows. According to seismic mapping and well control, the Ellenburger is 170 ft. higher within the Company interest lands and could be accessed with a vertical well or with a 2000 ft. horizontal re-entry of the current wellbore, which is equipped with seven inch diameter casing. Although Ellenburger horizontal wells can provide very attractive results, the Company may attempt to farm out their interest in the prospect. The Company has a 50% working interest in the well and in the 2583.8 acres of leases surrounding the well as detailed in previous press releases.

To: SofaSpud who wrote (12681)	10/8/1998 2:32:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Bow Valley Energy Ltd. Applies For French Exploration BOW VALLEY ANNOUNCES FRENCH EXPLORATION APPLICATION CALGARY, Oct. 5 /CNW/ - Bow Valley Energy Ltd. is pleased to announce that its wholly owned subsidiary Bow Valley Petroleum (UK) Limited has applied for an 850 square kilometer (210,000 acres) licence in the Paris Basin, France. The application, called SAINT-JEAN-AUX-BOIS, has now progressed beyond the three months competition period. The application group comprising Bow Valley as operator and Edgon Resources New Ventures Limited, a UK company, expect formal award of the licence at the beginning of 1999, subject to ministerial approval following completion of a review of exploration plans by the relevant regional authorities and the DHYCA. The application is located 40 kilometers north of the Coulommes field in the north of the Paris Basin. It resulted from a regional review of the prospectivity of the Paris Basin with particular emphasis on predicting potential petroleum migration pathways. The group intends to re-process existing seismic data and acquire new data during 1999. Bow Valley was formed in 1996 to operate as an international oil and gas acquisition, development and production company headquartered in Calgary, Alberta. Bow Valley has interests in the United Kingdom (both onshore and offshore) and has signed a service contract to develop the Balal oilfield located off-shore Iran in the Persian Gulf. Bow Valley trades on the Toronto Stock Exchange under the symbol BVX.