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

To: Herb Duncan who wrote (12826)	10/15/1998 5:46:00 PM
From: SofaSpud	Respond to of 15196

FINANCING / Interest on Barrington gas-linked notes Barrington Declares Interest Rate On Natural Gas Linked Subordinated Notes CALGARY, Oct. 15 /CNW/ - Interest on Barrington Petroleum Ltd. Natural Gas Linked Subordinated Notes (the ''Notes'') for the period from July 1, 1998 through September 30, 1998 will be paid on October 30, 1998 at a rate of 6.5% per annum. The average price of Alberta natural gas at the AECO-C Hub, as calculated in accordance with the terms of the Notes, did not exceed $2.00/GJ during the interest period. Therefore, no variable interest rate component is due in addition to the base rate of 6.5% per annum. Interest will be paid to noteholders of record at the close of business on October 22, 1998. Barrington Petroleum Ltd. is a subsidiary of Sunoma Energy Corp., a private company engaged in natural gas and oil exploration activities primarily in Alberta and Saskatchewan. The Notes are listed on The Toronto Stock Exchange (trading symbol ''BPL.N''). -30- For further information: Peter T. Farkas, Executive Vice President & Chief Operating Officer or Darcy R. Anderson, Vice President Finance & Chief Financial Officer, Barrington Petroleum Ltd., (403) 263-9464, e-mail: investor@barrington.com

To: Herb Duncan who wrote (12826)	10/15/1998 5:47:00 PM
From: SofaSpud	Respond to of 15196

FIELD ACTIVITIES / Cabre reports on Egypt well Cabre Reports Success at Rabeh-2 Well, Egypt CALGARY, ALBERTA--Cabre Exploration (Cyprus) Limited ("Cabre"), wholly-owned by Cabre Exploration Ltd., is pleased to report that the Rabeh-2 well in the West Esh El Mallaha ("WEEM") Concession, Egypt spudded September 10, 1998, 500m from the 1997 discovery well Rabeh-1, and has been drilled to total depth of 6426' in basement strata. The well was subsequently logged, cased and tested initially through 50 feet of perforations in pre-Miocene Matulla sands. The well flowed 28.4 degrees API oil with minimal water and gas at 1630 B/D on a one-half inch choke. As the well is still cleaning up, a reliable production rate cannot yet be calculated. Testing of additional zones in the Matulla are planned. The Rabeh-2 well is also oil-bearing in the Miocene Nukhul formation, which is producing about 250 BOPD and equal volumes of water in Rabeh-1. Rabeh-1, which is some 120 feet structurally lower than Rabeh-2, tested 1570 BOPD from a different Matulla sand than tested in Rabeh-2. The Sante Fe drilling rig was released from the Rabeh-2 location and spudded the Abu Marwa North-1 well on October 13, 1998. This well is targeting a potential separate fault structure some 1.9 km to the southeast. At least two more wells will be drilled following Abu Marwa North-1. In 1998 over 200 Km2 of 3-D seismic and 400 km of 2-D data was shot. Interpretation of these data is scheduled by early 1999 and is expected to identify additional drilling targets. Production from the area is being trucked to tidewater. However, if sufficient volumes are established, a sales pipeline may be built by the Egyptian General Petroleum Corporation ("EGPC"). The operator of the WEEM Concession is ESHPETCO, a joint company set up by EGPC, Coplex (Egypt) Limited ("Coplex") and Cabre. Cabre and Coplex each hold a 50 percent interest in WEEM. -30- FOR FURTHER INFORMATION PLEASE CONTACT: Cabre Exploration Ltd. Harry B. Wheeler Chairman (403) 231-8800 or Cabre Exploration Ltd. J. Douglas Kay President and CEO (403) 231-8800