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

To: Kerm Yerman who wrote (12730)	10/8/1998 2:40:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / HEGCO Canada - El Grande Report - Productive OVERLAND PARK, KANSAS--HEGCO Canada is pleased to announce that the Company has received a field report from Professional Petroleum Engineering ("PPE"), an engineering firm engaged by the Company to evaluate and advise on the El Grande development operations. PPE has confirmed that the first frac treatment over a 280 foot interval has been successful. "The first treatment has confirmed the presence of commercial productivity of the Arbuckle gas zone" and that "commercial permeability has been established." Management considers this report positive. PPE is currently conducting tests and has recommended other treatments to evaluate accumulated production potential of additional sections of the several thousand gross foot gas accumulation. Comparable permeabilities with corresponding commercial production amounts are expected to be encountered. Due to the large scope and extremely competitive nature of this project the information currently being gathered is considered proprietary. A conference call to review this announcement, as well as other operations of the company, will be hosted by management and Windward Communications. Those interested in participating should contact Kelly Boatright at 800-492-9572. A representative of PPE will be present on the call. HEGCO Canada, Inc., is an Operating and Oil Field Services company with operations and assets covering several fields with proved reserves of 5.26 million barrels of oil (at 15.30 per barrel) and probable and proven gas assets of 115.5 bcf gas. HEGCO Canada, Inc., is an Alberta, Canada corporation traded on the Alberta Stock Exchange under the symbol "HEG". On behalf of the Board, Douglas C. Hewitt, Chairman -30- FOR FURTHER INFORMATION PLEASE CONTACT: HEGCO Canada, Inc. Kelly Boatright (800) 492-9572 (704) 588-6007 (FAX) The Alberta Stock Exchange has neither approved or disapproved the accuracy or adequacy of the information contained herein.

To: Kerm Yerman who wrote (12730)	10/8/1998 2:41:00 PM
From: SofaSpud	Respond to of 15196

PROPERTY ACQUISITIONS / Torex Torex Resources Inc. CALGARY, Oct. 8 /CNW/ - Torex Resources Inc. announces that it has entered into an agreement to acquire producing petroleum assets with associated lands from an intermediate producer for cash consideration of $3,820,000. Production acquired is in excess of 350 bopd of 25 - 31 API crude oil. Proved producing reserves of 583,200 bbls and proved plus probable additional reserves or 672,700 bbls have been assigned by independent engineers. The acquisition includes 8,200 net acres of undeveloped land. The effective date of the transaction is August 1, 1998. The acquired production and lands are located within Torex's Neptune, Saskatchewan core area. Torex will operate substantially all of the newly acquired production. The company will commence with facility optimization immediately to enhance production and lower operating costs on the newly acquired properties. Torex has identified numerous opportunities with significant upside potential, which include vertical and horizontal development and exploration drilling opportunities based upon 3D and 2D seismic which have not been included as part of the independent reserve report. The acquisition is an excellent fit with the Company's strategy to acquire quality production with upside potential in opportune market conditions. Corporate overhead per unit of production will be rationalized by the addition of production without any increase in general and administrative costs. The acquisition will increase area production to 750 bopd with 16,500 net acres of undeveloped land. Total corporate production now exceeds 1,200 boepd. Torex will use its strong balance sheet to continue to build its production and prospect inventory during adverse market conditions. Torex Resources Inc. is an active petroleum and natural gas exploration, development and production company based in Calgary, Alberta. Torex is listed on The Toronto Stock Exchange under the symbol TRX. The Toronto Stock Exchange has neither approved nor disapproved the information contained herein. -30- For further information: Dean Setoguchi, President, (403) 233-2755, Fax: (403) 237-7317, E-Mail: torex@torexres.com, Web Page: www.torexres.com