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

To: Herb Duncan who wrote (12702)	10/8/1998 2:51:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Kazakhstan Minerals: Tasbulat Oil Reserve Base Increased by 65 Million Barrels of Possible Reserves Through Extension of Licences KAZAKHSTAN MINERALS CORPORATION TSE SYMBOL: KMC.U OCTOBER 7, 1998 VANCOUVER, BRITISH COLUMBIA--KazMinCo is pleased to announce a further 65 million barrels of possible reserves has been added to the reserve base of Tasbulat Oil Corporation (Tasbulat) which was previously 72 million barrels proven and probable recoverable oil. KazMinCo has a 40 percent interest, management control and first right of refusal to purchase the outstanding 60 percent of Tasbulat. The additional reserves have been added through the extension of the Aktas Licence to 40Km2 (9,900 acres) and the Turkmenoy Licence to 118Km2 (29,000 acres) together with an increase in the depth limit to the base of the Trias thereby including prospective Triassic reservoirs. The Licence extensions were granted by decrees of the Government of Kazakhstan in July 1998. KazMinCo's interest in the Aktas, Turkmenoy and Tasbulat Licences in the Mangystau oil province of Western Kazakhstan was originally announced in a December 1997 press release at which time the fields were then evaluated to contain 72 million barrels of proven and probable recoverable reserves. Tasbulat applied to increase the size of the Aktas and Turkmenoy Licences to exploit the possibility of increasing reserves in structures adjacent to those hosting previously established, proven and probable reserves thus providing a greater oil pool to be developed using the existing infrastructure. After receiving confirmation of the grant of the area and depth extensions, Tasbulat retained Exploration Consultants Ltd. (ECL) to evaluate the prospectivity of the enlarged Aktas and Turkmenoy Licences. This evaluation was based on site visits in addition to geological and geophysical data purchased from Government Agencies in Kazakhstan, including 1377 line Km of good quality seismic data with high density coverage over the fields and surrounding areas. Detailed information was available from 14 wells in addition to stratigraphic data from a further 56 wells. In total this information provides an excellent exploration and prospect mapping database. As a result of its evaluation, ECL concludes that the Monte-Carlo based mean possible recoverable reserves at Aktas are 21.4 million barrels of oil and 61.4 bcf of gas. At Turkmenoy, ECL estimates a mean of 44.3 million barrels of possible recoverable reserves. Thus the licence amendments to Aktas and Turkmenoy add further possible recoverable reserves of 65 million barrels of oil and 61.4 bcf of gas to the previously established 72 million barrels of proven and probable recoverable oil in the Aktas, Turkmenoy and Tasbulat fields. The enlarged Aktas and Turkmenoy Licences are valid for 5 years. Production permits will be issued for an additional 20 years on formal approval of the reserves by the State Committee for Reserves of the Republic of Kazakhstan; approval by the Reserve Committee is expected before the end of 1998. A production permit for 25 years for the Tasbulat Field (47 million barrels of proven and probable recoverable reserves) is in place. These additional reserves can be developed using the existing infrastructure in the Aktas, Turkmenoy and Tasbulat area. Thus the acquisition of the Licence extensions in a region of historical petroleum production greatly adds to the value of the company's assets in the region. KazMinCo has recently completed a positive feasibility study on its 86 percent-owned, low cost, Varvarinskoye gold-copper deposit in northern Kazakhstan. The feasibility study identified 2 million gold equivalent ounces of proven and probable mineable reserves with an average annual production of 182,000 ounces for the first three years at a cash cost of US$156 per gold equivalent ounce. Mine life is forecast to be 11 years, with average life of mine operating costs of US$188 per gold equivalent ounce. Full details were released on June 11, 1998. KazMinCo is currently seeking project financing to construct the mine. KazMinCo is listed on The Toronto Stock Exchange and its shares, quoted in US Dollars, trade under the symbol KMC.U.

To: Herb Duncan who wrote (12702)	10/8/1998 3:01:00 AM
From: Kerm Yerman	Respond to of 15196

CORP NOTICE / Invader Exploration Announces Investor Relations Agreement INVADER EXPLORATION INC. ASE SYMBOL: INX OCTOBER 6, 1998 CALGARY, ALBERTA--The Board of Directors of Invader Exploration Inc. (ASE-INX) are pleased to announce that the Company has agreed to re-new its agreement with Boardmarker Investments 98 Inc. to assist the Company in its investor relations activities. Boardmarker Investments 98 Inc. is a Calgary based firm controlled by Mr. Derek Lamb. Compensation under this agreement will be in accordance with the policies of The Alberta Stock Exchange. This agreement is subject to regulatory approval including the approval of The Alberta Stock Exchange.

To: Herb Duncan who wrote (12702)	10/8/1998 3:20:00 AM
From: Kerm Yerman	Respond to of 15196

FIELD ACTIVITIES / Participants Update Status of Bellevue #1 Well on the East Lost Hills Prospect in the San Joaquin Basin of California TSE SYMBOL: ELK AND ARMSTRONG RESOURCES, LLC AND BERKLEY PETROLEUM CORP. TSE SYMBOL: BKP AND HILTON PETROLEUM LTD. VSE SYMBOL: HTP AND KOOKABURRA RESOURCES LTD. TSE SYMBOL: KOB AND PARAMOUNT RESOURCES LTD. TSE SYMBOL: POU AND PYR ENERGY CORPORATION OTC Bulletin Board SYMBOL: PYRX AND RICHLAND PETROLEUM CORP. TSE SYMBOL: RLP AND STANFORD OIL & GAS LTD. VSE SYMBOL: SOG AND WESTMINSTER RESOURCES LTD. TSE SYMBOL: WML OCTOBER 7, 1998 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.