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

To: Kerm Yerman who wrote (14233)	12/11/1998 9:55:00 PM
From: Kerm Yerman	Respond to of 15196

MERGERS - ACQUISITIONS / Liberty Oil & Gas Ltd. Completes the Reverse Takeover of Rockport Energy Corporation CALGARY, ALBERTA--Liberty Oil & Gas Ltd. (Liberty or the Company) announced today that the reverse takeover of Rockport Energy Corporation (Rockport) (ASE: RPT) initiated on July 31, 1998, and announced by press release on August 4, 1998, was completed effective November 30, 1998. The key steps in completing the process were the completion of a private placement by Liberty raising gross proceeds of $1,061,201, the acquisition of 90 percent of the Liberty shares November 19, 1998, the compulsory acquisition of the balance of the Liberty shares November 25, 1998, the amalgamation of Liberty and Rockport November 30, 1998, a one for six share consolidation November 30, 1998 and the name change from Rockport to Liberty Oil & Gas Ltd. November 30, 1998. As previously announced, Mr. Rick Ewacha will continue as President and Chief Executive Officer and Mr. Rick Doherty will serve as Controller and Chief Financial Officer. The Company expects to commence trading on the Alberta Stock Exchange under the name Liberty Oil & Gas Ltd., stock symbol LBR, effective December 15, 1998. The Company will have 10,917,123 common shares issued and outstanding at the time of commencement of trading. Liberty is a junior oil and gas producer based in Calgary with operations in Alberta and Saskatchewan and current production of 550 barrels of oil equivalent per day (BOE/D) with a split of 40 percent natural gas and 60 percent oil. The Company is presently active in the Drumheller area in Alberta and in the Fosterton and Ingoldsby areas of Saskatchewan and as a result of this activity, the Company expects to increase its gas and oil production significantly by the end of the first quarter of 1999.

To: Kerm Yerman who wrote (14233)	12/11/1998 9:58:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Diaz Resources Announces $439,200 Flow-Through Share Issue CALGARY, ALBEARTA--Diaz Resources Ltd. has agreed to issue, by way of a private placement, 1.46 million Class A Subordinate Voting shares on a flow-through basis, at a price of $0.30 per share. One million of the shares are to be issued to insiders of the corporation. This private placement will provide $439,200 of working capital for the company for oil and natural gas exploration in Alberta. The issue of the shares is subject to the receipt of all necessary regulatory approvals. Diaz is an oil and gas exploration company with assets in Canada and the United States.

To: Kerm Yerman who wrote (14233)	12/11/1998 10:02:00 PM
From: Kerm Yerman	Read Replies (14) \| Respond to of 15196

MERGERS - ACQUISITIONS / R.I.S. Resources International Corp. Terminate Acquisition Discussions R.I.S. RESOURCES INTERNATIONAL CORP. - R.I.S. AND WESTERN TERMINATE DISCUSSION VANCOUVER, B.C.-- R.I.S. Resources International Corp. ("RIS International"), its wholly owned subsidiary RIS Resources (USA), Inc. ("RIS"), Western Gas Resources, Inc ("Western") and its wholly owned subsidiary Mountain Gas Resources, Inc. ("Mountain") have entered into an agreement under which the respective parties have agreed to terminate the acquisition by RIS of the 50% interest in Western's Granger Complex. Under the settlement terms of the agreement RIS also gives up its option to participate in the construction of the "loop lines" and the Granger Complex expansion. RIS International has also agreed to pay certain third party costs relating to this transaction of approximately US $500,000. RIS will continue to participate with Western in the development of southwest Wyoming's expanding gas field, through its 50% ownership in the Bird Canyon Gathering System that it acquired from Mountain. This 12-inch natural gas gathering system extends through the Jonah Field 41 miles to North Lizard Head. It is currently transporting 40 million cubic feet of gas per day for Jonah producers. RIS International currently owns approximately 21% (11,726,245 shares) of Ultra Petroleum Corp., an active natural gas exploration and development company currently operating in the Green River Basin in southwestern Wyoming. RIS International owns 27% (4,000,000 shares) of Pennaco Energy Inc., an oil and gas exploration company active in the coalbed methane gas play now developing in the Powder River Basin in northeastern Wyoming and southeastern Montana.