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


To: Kerm Yerman who wrote (13217)11/4/1998 3:24:00 AM
From: Kerm Yerman  Respond to of 15196
 
FIELD ACTIVITIES / Hampton Court Resources Inc. Texas Drilling
Update

HAMPTON ANNOUNCES TEXAS DEVELOPMENT WELL

CALGARY, ALBERTA--

Hampton Court Resources Inc. (ASE-HCR) is pleased to announce
that the initial prospect within the Company's new South Texas
exploration area will be a high potential, low risk natural gas
development play. The Company has agreed to participate for a
minimum 10% Working Interest in the drilling of an 8,500 foot
test well. The initial well will be located within one half mile
of two recently drilled multi-zone discovery wells that are
currently each producing at restricted rates of over 6 million
cubic feet per day. The potential of this play is illustrated by
the nearest offsetting well which has 125 feet of net pay at a
depth of 7,500 feet and has estimated reserves of over 20 billion
cubic feet. The prospect lands are being leased and drilling is
anticipated to commence before year-end 1998.

UPDATE - ARKOMA

The Company is actively pursuing major joint venture
participation in its Arkoma Basin Natural Gas Project and is
currently involved in negotiations with several groups. HCR
currently holds a 25% Working Interest in approximately 73,000
gross acres. Two of the Company's first three wells are on stream
and HCR has 38 additional prospects under development; 14 of
which are ready for drilling. Drilling will commence once
financing is in place.




To: Kerm Yerman who wrote (13217)11/4/1998 3:27:00 AM
From: Kerm Yerman  Respond to of 15196
 
FINANCING / Tri Link Resources Ltd. Reports "Flow-Through" Share
Issue

TRI LINK RESOURCES TO ISSUE FLOW-THROUGH SHARES

CALGARY, ALBERTA--
Tri Link Resources Ltd. reports that it has entered into an
agreement for the issue of $15,000,000 of "flow-through" Common
shares on a private placement basis. The issue price for the
shares is $15.20 per share. A maximum of 986,843 Common shares
will be issued pursuant to this private placement. Closing of
the private placement is subject to regulatory approval.
Tri Link presently has 24,753,832 Common shares issued and
outstanding. The proceeds of the share issue will be used by
Tri Link to expand its capital expenditure programs through the
balance of this fiscal year and next fiscal year, primarily in
maintaining the momentum of its deep drilling program targeting
the Red River formation in South East Saskatchewan.



To: Kerm Yerman who wrote (13217)11/4/1998 3:33:00 AM
From: Kerm Yerman  Respond to of 15196
 
FIELD ACTIVITIES / Forest Oil Corporation Reports Record Production

Date: 11/3/98
Dateline: DENVER, COLORADO
Stock Symbol: FST-NYSE

Forest Oil Corporation (NYSE:FST) announced today that the
company has commenced production from two of its discoveries at
Eugene Island 53.

Forest's daily production now exceeds 300 mmcfe/day which is
the highest level of production in the company's 82-year
history.

Production from the Eugene Island 53 #12 and #13 wells total
approximately 60 mmcf of natural gas and 2,000 barrels of
condensate for a total of 72 mmcfe/day. The initial production
from these wells was delayed one month due to hurricanes in the
Gulf of Mexico during September. When added to existing
production from the Eugene Island 53 #10 well, total production
from this field exceeds 100 mmcfe/day. Forest Oil owns a 100%
working interest in the field.

Forest also announced it is currently drilling the Eugene
Island 53 #14 well (100% working interest) in this field to
test additional sands.

Forest Oil Corporation is engaged in the acquisition,
exploration, development, production and marketing of natural
gas and crude oil in North America. Forest's principal
reserves and producing properties are located in the Gulf of
Mexico, Texas, Oklahoma, Wyoming and Canada. Forest's common
stock trades on the New York Stock Exchange under the symbol
FST.