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

To: Kerm Yerman who wrote (14699)	1/8/1999 2:46:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / Starcor Energy Royalty Fund Raises Monthly Distribution CALGARY, Jan. 7 /CNW/ - STR.un - TSE - Starcor Energy Royalty Fund today announced that the Board of Directors of Pencor Petroleum Limited approved an increase in monthly cash distributions to $0.09 per trust unit from $0.08 per trust unit, effective with the February 15, 1999 cash distribution date. This increase in monthly cash distributions reflects an expected increase in 1999 operating cash flows as a result of increased production levels, lower operating costs and lower debt service charges. Starcor expects 1999 cash distributions to total $1.28 per trust unit inclusive of quarterly top up payments. Starcor Energy Royalty Fund is an open ended conventional oil and gas royalty trust trading on the Toronto Stock Exchange under the symbol STR.UN, with offices located in Calgary, Alberta and in Montreal, Quebec. The Toronto Stock Exchange has neither approved nor disapproved the contents of this press release.