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

To: Herb Duncan who wrote (12687)	10/7/1998 2:33:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Bolt reprices options BOLT ENERGY LTD. - BOLT REPRICES OPTIONS CALGARY, Oct. 7 /CNW/ - Bolt Energy Ltd. announces that it has received approval from The Albert Stock Exchange to the repricing of certain outstanding stock options of the Corporation. The repricing of the options is subject to shareholder approval at the next meeting of shareholders of the Corporation. After the repricing the Corporation will have the following director and employee options outstanding: << Number of Shares Under Option Exercise Price Expiry Date ---------------- -------------- ----------- 200,000 $0.30 November 8, 2001 165,000 S0.30 April 3, 2002 80,000 $0.30 August 26, 2002 420,000 $0.50 November 8, 2001 210,000 $0.60 April 3, 2002 20,000 $0.60 November 7, 2002 20,000 $0.60 September 14, 2003 >> The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. -30- For further information: Raymond Chiarastella, (403) 262-4316, Fax: (403) 263-0303, E-mail: boltenrg@boltenergy.com

To: Herb Duncan who wrote (12687)	10/7/1998 2:34:00 PM
From: SofaSpud	Read Replies (1) \| Respond to of 15196

FINANCING / Arcis credit lines ARCIS INCREASES FINANCING CALGARY, Oct. 7 /CNW/ - (RKS-TSE): Arcis Corporation announced today that it has entered into two agreements that will increase its long and short term debt capacity. Arcis has accepted an offer of increased credit facilities from its principal banker, The Royal Bank of Canada. Arcis currently has a $1.1 million fixed rate term loan and a $2.0 million operating credit facility. Under the new facility, Arcis will have an additional $3 million available annually for the period from January 1 to June 30. This will assist Arcis in financing its peak sales period, which occurs from early December to late March. Arcis has also accepted an Offer to Finance from the Business Development Bank of Canada (''BDC''). BDC has offered a $1.25 million loan, which matures in May, 2002. The loan proceeds will be used for the ongoing expansion of Arcis' seismic data library. Despite a significant slowdown in oilfield activity, Arcis is experiencing a strong demand for multi-client and exclusive surveys for the upcoming fall/winter exploration season. Recognizing the high cost and lack of availability of equity capital, Arcis has increased debt capacity in order to maintain momentum and capitalize on opportunities during an extremely slow period for oilfield services. Arcis remains cautiously optimistic about the upcoming exploration season recognizing that its significant gas leveraged clients are planning active winter programmes. Arcis Corporation is a uniquely integrated geophysical services company which processes, archives, brokers and manages seismic data as well as provides five field acquisition crews to shoot exclusive and non-exclusive seismic data. It is the Companys' objective to create a large proprietary seismic data library in the next few years. %SEDAR: 00008978E -30- For further information contact: Peter Boyd, Chairman & CFO or Michael Little, President, Arcis Corporation, (403) 781-1700, Fax: (403) 269-1966, E-mail: pboyd@arciscorp.com, Internet: www.arciscorp.com; Grant Howard, The Howard Group Inc. (Investors Relations), Toll Free: (888) 221-0915, Fax: (403) 237-8387, E-mail: howardg@capitalideas.com, Internet: www.capitalideas.com

To: Herb Duncan who wrote (12687)	10/7/1998 2:35:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Murphy Oil Dividend Murphy Oil Declares $.35 Per Share Quarterly Dividend EL DORADO, ARKANSAS--The Board of Directors of Murphy Oil Corporation today declared a quarterly dividend of $.35 a share on the Common Stock of Murphy Oil Corporation. The dividend is payable December 1, 1998 to holders of record November 13, 1998. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Murphy Oil Corp., El Dorado Investor Relations: Kevin G. Fitzgerald (870) 864-6272 or Public Relations: Betty LeBrescu (870) 864-6222 murphyoilcorp.com

To: Herb Duncan who wrote (12687)	10/7/1998 2:36:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / Berkley updates East Lost Hills BKP 1998-10-07 (provided courtesy of Canadian Corporate News.) register to receive future releases by email from CCN Participants Update Status of Bellevue #1 Well on the East Lost Hills Prospect in the San Joaquin Basin of California CALGARY, ALBERTA--At the request of the Toronto Stock Exchange, Elk Point Resources Inc., on behalf of its subsidiary Bellevue Resources Inc., the operator of the Bellevue #1 well at East Lost Hills, California, and the working interest owners in the well advise that drilling operations on the well are still in progress. The well is at a measured depth of 17,270 feet having previously been sidetracked at a depth of 11,835 feet. The group anticipates continuing drilling operations to an estimated total depth of 18,500 feet. The well is being drilled on a confidential basis. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Elk Point Resources Inc. Mr. Aidan M. Walsh, P.Eng., MBA President and Chief Executive Officer (403) 264-1358 (403) 261-8702 (FAX) or Elk Point Resources Inc. Ms. Vivian K. L. Truesdale, C.A. Chief Financial Officer (403) 264-1358 (403) 261-8702 (FAX)