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

To: Kerm Yerman who wrote (12841)	10/15/1998 5:40:00 PM
From: SofaSpud	Respond to of 15196

ENERGY TRUSTS / Candian Resources Trust I & II distribution Canadian Resources Income Trust TORONTO, Oct. 15 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust (CaRIT) has declared a cash distribution of $0.0552 per Trust Unit, payable on November 15, 1998 to holders of record at the close of business on October 31, 1998. Consequently, the new trailing last twelve month distribution paid totals $0.7706 per Unit. CaRIT is an investment trust which has been created to provide investors with high current yield and low cost diversification through the acquisition of a fixed portfolio of Trust Units of selected Canadian income funds focused primarily on the natural resources industry. Unitholders will be entitled to receive monthly distributions as declared by the Trustee of CaRIT. The Trustee generally intends to declare and pay monthly distributions to the extent of distributions received in the month from the 14 underlying income funds in CaRIT's portfolio, less CaRIT's estimated operating expenses for the period. As distributions are received by CaRIT from the underlying income funds on a varying payout schedule, amounts distributed by CaRIT will fluctuate from month to month. Trust Units of CaRIT are listed for trading on The Toronto Stock Exchange under the symbol RTU.UN. Canadian Resources Income Trust II TORONTO, Oct. 15 /CNW/ - The Board of Directors of CaRIT Limited in its capacity as Trustee for Canadian Resources Income Trust II (CaRIT II) has today declared a cash distribution of $0.1000 per Trust Unit payable on November 15, 1998 to holders of record at the close of business on October 31, 1998. Consequently, the new trailing last twelve month distribution paid totals $0.8865 per Unit. CaRIT II was established to provide investors with high current yield and low cost diversification while maximizing the value of the Trust's assets on termination of the Trust through the acquisition of Trust Units of selected Canadian income funds focused primarily on the natural resources industry. Unitholders will be entitled to receive monthly distributions as declared by the Trustee of CaRIT II. The Trustee generally intends to declare and pay monthly distributions to the extent of distributions received in the month from income funds in CaRIT II's portfolio, less estimated operating expenses for the period. As distributions are received by CaRIT II from the underlying income funds on a varying payout schedule, amounts distributed by CaRIT II will fluctuate from month to month. Trust Units of CaRIT II are listed for trading on The Toronto Stock Exchange and The Montreal Exchange under the symbol RTR.UN. -30- For further information: please contact Investor Relations, CaRIT Limited, Trustee of Canadian Resources Income Trust II, (416) 863-2883

To: Kerm Yerman who wrote (12841)	10/15/1998 5:42:00 PM
From: SofaSpud	Respond to of 15196

STAFFING / Hurricane Hydrocarbons Hurricane Hydrocarbons Ltd. - Board of Director and Senior Management Changes CALGARY, Oct. 15 /CNW/ - Following a meeting of the Board of Directors of Hurricane Hydrocarbons Ltd. the company has made changes to the Board of Directors and to the senior management team of the company. All changes are effective immediately. The Honourable Robert P. Kaplan, P.C., Q.C. has been appointed Chairman of the Board of Hurricane Hydrocarbons Ltd. This position was previously unfilled. Mr. Kaplan has been a director of the company since April 1995 and is the Honorary Consul for Canada for the Republic of Kazakhstan. The Board of Directors has decided to pursue strategic alternatives to maximize shareholder value and is looking at a variety of long-term options. The Board will be appointing a financial advisor to assist in this process. These activities are the responsibility of the Committee of Independent Directors under the chairmanship of Mr. Kaplan. John J. Komarnicki has resigned his position as President and Chief Executive Officer of the company. Mr. Komarnicki first joined Hurricane in 1988 and became President and CEO in July 1989. Mr. Komarnicki retains his position as a director of the company. Gerald Stevenson, Vice President Production, has been appointed interim President and Chief Executive Officer. Mr. Stevenson joined the company in April 1998. He is a professional engineer and has more than 25 years of oil and gas experience, both in Canada and internationally. Hurricane is an independent international energy corporation engaged in the acquisition, exploration and production of oil, primarily in the Republic of Kazakhstan. The corporation's shares are listed on The Alberta Stock Exchange, The Toronto Stock Exchange (TSE) under the trading symbol HHL.A and are quoted for trading on The Nasdaq National Market under the symbol HHLAF. Hurricane is a member of the TSE 300 and TSE 200 Composite Indexes. The Toronto Stock Exchange and Alberta Stock Exchange have neither approved nor disapproved the information contained herein. -30- For further information: Cherry Holand, Director of Communications, (403) 221-8273; Richard P. Norris, Vice President & Chief Financial Officer, (403) 221-8431

To: Kerm Yerman who wrote (12841)	10/15/1998 5:44:00 PM
From: SofaSpud	Respond to of 15196

MERGERS & ACQUISITIONS / Amber mails revised circular Amber Energy Inc. Announces Mailing of Notice of Change CALGARY, Oct. 15 /CNW/ - Amber Energy Inc. (''Amber'') announces that on October 14, 1998 it mailed its Notice of Change to Directors' Circular relating to the amended offer by Alberta Energy Company Ltd. (''AEC''). In addition, Amber announces that it has delayed the separation date under the Shareholder Rights Protection Plan to October 22, 1998, thereby delaying the separation of the rights from the common shares of Amber with which they currently trade. Amber is an independent Canadian oil and gas exploration, development and production company with common shares trading on The Toronto Stock Exchange and The Alberta Stock Exchange under the symbol AMB. -30- For further information: Richard Lewanski, President & CEO; James C. (Pep) Lough, Vice President Finance & CFO; (403) 237-9977, Fax: (403) 237-9970, www.amber-energy.com