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

To: Kerm Yerman who wrote (12731)	10/8/1998 6:59:00 PM
From: SofaSpud	Respond to of 15196

MERGERS & ACQUISITIONS / Talisman acquires Arakis Talisman Acquires Arakis Energy CALGARY, Oct. 8 /CNW/ - Talisman Energy Inc. and Arakis Energy Corporation today announced the completion of the acquisition of Arakis Energy. Through this transaction, Talisman indirectly acquires a 25% interest in an oil exploration and development project in Sudan. The transaction was approved by the security holders of Arakis at a special meeting held on October 7 and by the Court of Queen's Bench of Alberta. The transaction has also received the consent of the Government of Sudan and the members of the Greater Nile Petroleum Operating Company consortium. Under the terms of the transaction, Arakis shareholders have been issued one Talisman common share for every 10 Arakis shares. An aggregate of approximately 8.9 million Talisman common shares have been issued and Talisman now has approximately 118.9 million shares outstanding. Arakis has forwarded to each registered holder of Arakis shares a Letter of Transmittal containing instructions for obtaining delivery of Talisman shares. It is expected that Arakis shares will be delisted from NASDAQ at the close of business on October 8, 1998. ''I'd like to welcome our new shareholders,'' said Dr. Jim Buckee, President & Chief Executive Officer of Talisman Energy. ''Sudan will prove to be a valuable addition to Talisman's diversified portfolio with net production of 37,500 bbls/d 12-15 months away. Oilfield developments continue apace with 540 km of pipe now welded and continued drilling pushing indications of proved and probable reserves from 113 mmbls towards 150 mmbls, net to Talisman.'' Talisman Energy Inc. is a Canadian-based, international upstream oil and gas producer with operations in Canada, the North Sea, Indonesia and Sudan. The Company is also conducting exploration in Algeria and Trinidad. Talisman's shares are listed on the Toronto, Montreal and Vancouver stock exchanges in Canada and the New York Stock Exchange in the United States under the symbol TLM. FORWARD-LOOKING STATEMENTS Certain statements in this press release contain forward-looking statements including expectations of future production. Information concerning reserves may also be deemed to be forward-looking statements as such estimates involve the implied assessment that the resources described can be profitably produced in future. These statements are based on current expectations that involve a number of risks and uncertainties, which could cause actual results to differ from those anticipated. These risks include, but are not limited to: the background risks of the oil and gas industry (e.g., operational risks in development, exploration and production; potential delays or changes in plans with respect to exploration or development projects or capital expenditures; the uncertainty of reserve estimates; the uncertainty of estimates and projections relating to production, costs and expenses, and health, safety and environmental risks), risks in conducting foreign operations (e.g. political and fiscal instability), price and exchange rate fluctuation and uncertainties resulting from potential delays or changes in plans with respect to exploration or development projects or capital expenditures. Additional information on these and other factors which could affect Talisman's operation or financial results are included in Talisman's Annual Report under the headings ''Management's Discussion and Analysis - Sensitivities,'' ''Risks and Uncertainties,'' and ''-Outlook,'' and in Talisman's other reports on file with Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission. -30- For further information: David Mann, Manager, Investor Relations & Corporate Communications, Talisman Energy Inc. (403) 237-1196, Fax: (403) 237-1210, E-mail: tlm@talisman-energy.com

To: Kerm Yerman who wrote (12731)	10/8/1998 7:01:00 PM
From: SofaSpud	Respond to of 15196

NEW LISTING / Trenton Energy on ASE Trenton Energy Inc. Announces the Listing of its Common Shares on The Alberta Stock Exchange CALGARY, Oct. 8 /CNW/ - Trenton Energy Inc. (''Trenton''), a junior capital pool corporation, is pleased to announce that on October 9, 1998 its Common Shares will commence trading on The Alberta Stock Exchange under the trading symbol ''TNY''. On August 24, 1998 Trenton completed the closing of its initial public offering of 1,500,000 common shares pursuant to its final prospectus dated July 29, 1998, filed in the Province of Alberta. The common shares were issued at CDN $0.20 per share, raising gross proceeds of CDN $300,000. There are currently 3,250,000 Trenton common shares issued and outstanding. Emerging Equities Inc. acted as agent for the offering. The Alberta Stock Exchange neither approves nor disapproves of the content of this press release. -30- For further information: L. Grant Brown, President, Trenton, (403) 263-2476

To: Kerm Yerman who wrote (12731)	10/8/1998 7:07:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Destiny shareholder rights plan DESTINY RESOURCE SERVICES CORP. ANNOUNCES ADOPTION OF A SHAREHOLDER PLAN CALGARY, ALBERTA-- Destiny Resource Services Corp. ("Destiny") announced today that its Board of Directors had approved the adoption of a Shareholder Rights Plan to ensure that, in the context of a bid for control of Destiny through an acquisition of Destiny's common shares, shareholders will be positioned to receive full and fair value for their shares. Destiny is not aware of any pending or threatened take-over bid. Current Canadian legislation permits a take-over bid to expire in 21 days. The Board of Directors is of the view that this is not sufficient time to permit shareholders to consider a take-over bid and to make a reasoned and unhurried decision. Under the Plan, the minimum expiry period for a take-over bid which will not trigger the Shareholder Rights Plan must be 60 days after the date of the bid and the bid must remain open for a further period of 10 business days after the offeror publicly announces that the shares deposited constitute more than 50% of the outstanding common shares held by independent shareholders. The implementation of the Plan is subject to regulatory and shareholder approval. The Plan will be submitted to the shareholders of the Company for confirmation at the next annual meeting, scheduled to be held on November 10, 1998. Neither The Toronto Stock Exchange nor The Alberta Stock Exchange has approved nor disapproved of the information contained herein FOR FURTHER INFORMATION PLEASE CONTACT: Adrian Erickson President & Chief Executive Officer Destiny Resource Services Corp. (403) 237-6437 John E. Newman Vice-President, Finance Destiny Resource Services Corp. (403) 237-6437

To: Kerm Yerman who wrote (12731)	10/8/1998 7:10:00 PM
From: SofaSpud	Respond to of 15196

CORP. / Alpine shareholder rights plan ALPINE ANNOUNCES SHAREHOLDER RIGHTS PLAN CALGARY, ALBERTA-- Investor Relations: Jason Krueger Telephone: (403) 263-7800 Internet: www.alpineoil.com Alpine Oil Services Corporation announces that its Board of Directors has implemented a shareholder rights plan (the "Plan"). The Plan is effective immediately, subject to regulatory approval. The Plan has been adopted in order to provide Alpine's Board of Directors and shareholders with sufficient time to assess and evaluate any take-over bid and, in the event a bid is made, to provide the board of directors with an appropriate period of time to explore and develop alternatives which maximize shareholder value. The Plan is also intended to ensure that all of Alpine's shareholders are treated equally if a take-over bid is made. The Plan is not intended to deter take-over bids. Those that meet certain requirements intended to protect the interests of shareholders are considered under the Shareholder Rights Plan to be "Permitted Bids". Upon receipt of all required regulatory approvals for the Shareholder Rights Plan, rights will be issued and attached to all common shares of the Corporation. In the event of a take-over bid that does not meet the Permitted Bid requirements, or, if any party acquires more than 20% of the common shares of the Corporation, those rights will entitle all other shareholders to purchase additional common shares at a substantial discount to the market value of such shares. The Corporation is not currently aware of any proposed take-over bids for the securities of the Corporation. The Plan will be operative for three years. The Plan will be submitted for ratification by common shareholders at Alpine's 1999 annual shareholders' meeting. To remain effective, the Plan must be approved by more than 50% of the votes cast at that meeting. Copies of the Shareholder Rights Plan can be obtained by contacting the Corporation. For further information, please contact: Michael Todd, Secretary & C.F.O. Alpine Oil Services Corporation Telephone: (403) 263-7800 Fax: (403) 264-7260

To: Kerm Yerman who wrote (12731)	10/8/1998 7:11:00 PM
From: SofaSpud	Read Replies (10) \| Respond to of 15196

FIELD ACTIVITIES / Dynamix update Dynamix - Drilling Update and Clarification CALGARY, ALBERTA--Dynamix Corporation is pleased to announce that with respect to the drilling program in Johnson County, Kentucky, the first well was drilled to depth on October 3 and shut-in and cased on October 4. Three gas zones were detected and it is awaiting completion. The rig was subsequently moved to the second location where drilling has commenced. The Corporation would like to clarify that the press release dated September 23, 1998 referred to three agreements and only the first agreement, the Zeta Prospect, was completed with First Star Energy Ltd. The other two agreements, which dealt with the Strachan Area, were concluded with independent parties, and not First Star. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Dynamix Corporation Richard LeBlanc Executive Vice President/Director (403) 221-7715 (403) 221-7717 (FAX) or Dynamix Corporation Randy Marshall, P.Eng. Vice President (Operations, Production & Engineering) (403) 221-7706 The Alberta Stock Exchange has neither approved nor disapproved the information herein contained