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

To: Kerm Yerman who wrote (14415)	12/18/1998 9:16:00 PM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS - MISC / Starcor Energy Royalty Fund Announces Sale of Natural Gas Property CALGARY, Dec. 18 /CNW/ - STR.un - TSE - Pencor Petroleum Limited (''Pencor'') on behalf of Starcor Energy Royalty fund (''Starcor''), announced today that pursuant to a letter of intent dated December 1, 1998, it has executed a Purchase and Sale Agreement to sell its Alderson natural gas property for cash proceeds of $11.7 million subject to adjustments. Closing is scheduled for early 1999. Proceeds will be used to pay down debt. Pencor has also entered into a Purchase and Sale Agreement to sell its Karr property for a cash consideration of $400,000. Closing is also scheduled to occur in early 1999. Starcor transactions are not subject to acquisition or disposition fees and according, no fees will be paid with respect to these dispositions. Engineering reports are in the process of nearing completion and additional information will be provided immanently. Unitholders will be kept informed as soon as such information becomes available.