SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?


To: Kerm Yerman who wrote (14602)1/1/1999 4:49:00 PM
From: Jimsy  Read Replies (1) | Respond to of 15196
 
Kerm - what do you think of this deal in relation to this exceptional bottom-fish?

canada.bigcharts.com

Do we have 3 times bagger potential?

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES
NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

Big Bear Exploration Ltd. announced today that it has taken up
29,820,419 shares of Blue Range Resource Corporation which were
deposited pursuant to Big Bear's take-over bid which offered 11
Big Bear shares for each Blue Range share. As a result Big Bear
now owns approximately 85.2 percent of Blue Range's outstanding
shares.

Big Bear also announced that in view of the holiday season it had
extended the expiry time for its offer to purchase Blue Range
shares until 3:00 p.m., Calgary time, on Friday, January 8, 1999
in order to give the remaining Blue Range shareholders sufficient
time to tender their shares.

Within 10 days of additional Blue Range shares being tendered
under the offer, Big Bear will take up the tendered shares and
issue Big Bear shares in exchange therefor.

Big Bear Exploration Ltd. is a Calgary based oil and gas company
listed on The Toronto Stock Exchange under the symbol "BDX".

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:

Big Bear Exploration Ltd.
Rod Lebbert
Senior Vice-President & Chief Operating Officer
(403) 231-2494
or
Big Bear Exploration Ltd.
James W. Surbey
Senior Vice-President, Corporate Development
(403) 261-6416



To: Kerm Yerman who wrote (14602)1/1/1999 6:00:00 PM
From: Kerm Yerman  Read Replies (1) | Respond to of 15196
 
KORNER BULLETIN / Kerm's Portfolio Dispositions

The following shares were sold in the takeover offering by Poco Petroleums.

(Purchase transaction) ( Sales Transaction )(Gain/Loss)
Pan East Petroleum PEC 1200 @ $ 1.95 $2340.00 1200 @ $ 2.65 $3180.00 $ 840.00

The following holdings were dispersed this past Wednesday & Thursday.

Badger Daylighting BAD 400 @ $ 5.50 $2200.00 400 @ $ 7.25 $2900.00 $ 700.00
Enerflex Systems EFX 100 @ $38.25 $3825.00 100 @ $29.50 $2950.00 $( 875.00)
Remington Energy REL 200 @ $16.00 $3200.00 200 @ $ 4.95 $2210.00 $(2210.00)
Spire Energy SEY 2000 @ $ 1.63 $3250.00 2000 @ $ 1.00 $2000.00 $(1250.00)

I believe Badger and Enerflex are two of the better companies in the energy
services sector. I'm just eliminating service companies from the portfolio.

Remington is a disappointment and status of Spire is questionable.