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

To: Kerm Yerman who wrote (14707)	1/13/1999 9:55:00 PM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / NAL Oil & Gas Trust Announces 1999 Monthly Distribution Rate and Receipt of Alberta Royalty Credit CALGARY, Jan. 13 /CNW/ - NAL Oil & Gas Trust (''NAL'') announces that its monthly cash distributions will continue at $0.07 per unit for 1999. As a result of recently completed purchase and sale transactions, NAL's 1999 forecast is for 5,700 BOEPD and distributable income of $1.09 per unit. Special distributions may be declared, if appropriate, to distribute any excess distributable income over the monthly cash distributions. NAL also announces that it has received its 1997 Alberta Royalty Credit (''ARC''). NAL was notified in mid-1998 that its ARC claim was disallowed, and should be claimed through NAL Energy Inc. The Manager filed a Notice of Objection, and was successful in claiming the ARC at the Trust level. The 1997 ARC, which has not yet been distributed to Unitholders, was $864,000, including interest, which amounts to approximately $O.05 per unit. NAL fully expects to receive its 1998 ARC claim by mid-1999. The 1998 ARC is approximately $0.05 per unit. NAL's 1999 forecast is based on the following assumptions: an average oil price of $15.00 US per barrel, an exchange rate of 1.490, an average blended natural gas price of $2.87 Canadian per MCF and average operating costs of $5.00 per BOE. A $1.00 change to the average oil price would result in an $0.08 change to distributions; a $0.10 change to natural gas prices would result in a $0.01 change to distributions; and a $0.01 change to the exchange rate would result in a $0.01 change to distributions.

To: Kerm Yerman who wrote (14707)	1/13/1999 9:57:00 PM
From: Kerm Yerman	Respond to of 15196

CORP ANNOUNCEMENT / Peyto Exploration & Development Corp. Announces Offering CALGARY, Jan. 13 /CNW/ - PEYTO Exploration & Development Corp. is pleased to announce the offering of 3,409,500 common shares at $0.18 each. The securities will be issued pursuant to the private placement exemptions under Canadian securities laws and will have a one year hold period. The offering is scheduled to close on January 25, 1999. Proceeds from the placement will be used to fund Peyto's 1999 drilling projects. Peyto plans to drill its first well in January, 1999. THE ALBERTA STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN

To: Kerm Yerman who wrote (14707)	1/13/1999 9:59:00 PM
From: Kerm Yerman	Respond to of 15196

CORP ANNOUNCEMENT / Draig Energy - Shares Listed on the TSE CALGARY, ALBERTA--Draig Energy Ltd. is pleased to announce that an application has been granted by The Toronto Stock Exchange for the original listing of its common shares. The common shares will commence trading on the TSE on Thursday, January 14, 1999 under the symbol "DRA". Draig's shares currently trade on the Alberta Stock Exchange under the same symbol. As at December 31, 1998, Draig has a total of 9,262,302 common shares outstanding. Draig is a Canadian company engaged in exploration, development and production of natural gas and crude oil.

To: Kerm Yerman who wrote (14707)	1/13/1999 10:01:00 PM
From: Kerm Yerman	Respond to of 15196

FINANCING / Kintail Energy Closes Financing CALGARY, Dec. 21 /CNW/ - KINTAIL ENERGY INC. (ASE: KTE) is pleased to announce that it has closed a private placement of 2,360,000 ''flow through'' special warrants at $0.85 per special warrant for gross proceeds of $2,006,000 (net proceeds of approximately $1,885,700). Each Special Warrant is exchangeable for one common share of Kintail for one year. Proceeds of the financing will be used for exploration and development drilling on Kintail's petroleum and natural gas properties. Kintail Energy Inc. is an aggressive exploration and production Company, which trades on the Alberta Stock Exchange under the symbol ''KTE''.

To: Kerm Yerman who wrote (14707)	1/13/1999 10:05:00 PM
From: Kerm Yerman	Respond to of 15196

PIPELINES / First Nation To Protest TransCanada Pipelines Extension Near Reserve CONSTANCE LAKE FIRST NATION, ON /CNW/ - Community members from the Constance Lake First Nation, an Indian Band located 30 km northwest of Hearst on the eastern shore of Constance Lake, are set to begin protesting TransCanada PipeLines' pipeline expansion project near their Reserve. TransCanada, one of North America's largest pipeline companies and recently selected for the prestigious TSE 60 stock index, had promised the impoverished aboriginal community of about 800 residents that job opportunities and contracting work would be made available to Band members. According to Chief Raymond Ferris, however, no jobs nor contracts have materialized for his people, and the company is set to commence work this week. In October 1998, TransCanada received preliminary approval from the National Energy Board to begin work on a 30 km pipeline looping project from the company's mainline valve, about two km southeast of the Reserve, to the mainline valve at Hearst. Chief Ferris says that before the NEB approval was granted, however, TransCanada agreed to consult with the Band about the effects the pipeline expansion would have on the Band's aboriginal and treaty rights and the environment. In addition, the company agreed to enter into good faith negotiations with the Band for jobs and other economic opportunities. Last fall, TransCanada filed environment assessment material which did not include Constance Lake, stating it was only a community of 20 when in fact its on-reserve residency is 800 and its membership more than 1300. Chief Ferris says that environmental assessment of impacts on all communities, including Constance Lake, is a legal requirement for NEB approval. Chief Ferris says that his community is angered that TransCanada has gone back on its word to consult with the Band about the impacts of the project and has failed to ensure that the people receive real benefits from a project taking place on their doorstep. Band members have decided to go ahead with protests at the TransCanada worksite, the Chief adds, and the Band Council is considering legal action against TransCanada for breach of contract.

To: Kerm Yerman who wrote (14707)	1/14/1999 1:29:00 AM
From: Kerm Yerman	Read Replies (6) \| Respond to of 15196

KORNER REPORT / Market Closing Briefs Toronto Stock Exchange - Daily Market Summary for Wednesday, January 13, 1999 04:19 PM TORONTO, Jan. 13 /CNW/ - TSE 300 COMPOSITE INDEX IS DOWN PERCENTAGE CHANGE 1.02% POINTS CHANGE 68.83 TSE 300 INDEX LEVEL 6632.00 TRADING VOLUME 115 823 012 TRADING VALUE $2,390,954,777.00 TRANSACTIONS 71 517 ADVANCING ISSUES 333 DECLINING ISSUES 656 UNCHANGED ISSUES 254 THE S+P/TSE 60 INDEX IS DOWN POINTS CHANGE 3.96 S+P/TSE 60 INDEX LEVEL 384.08 TSE 35 INDEX IS DOWN PERCENTAGE CHANGE 1.18% POINTS CHANGE 4.30 TSE 35 INDEX LEVEL 360.08 TSE 100 INDEX IS DOWN PERCENTAGE CHANGE 1.05% TOTAL POINTS CHANGE 4.29 TSE 100 INDEX LEVEL 405.39 3 OF THE SUB-GROUP INDICES ARE HIGHER COMMUNICATIONS & MEDIA IS UP 143.13 OR .89% TO $16148.57 ACTIVE STOCKS TIPs IS DOWN $0.50 TO $ 36.10 BID.COM IS DOWN $0.40 TO $ 6.85 LARGE PRICE CHANGES FAIRFAX FINANCIAL IS DOWN $7.00 TO $515.00 WARDLEY CHINA UNITS IS DOWN $4.05 TO $ 3.25 ---------------------------------------------------------------------- Montreal Stock Exchange - Daily stock market report - Closing MONTREAL, Jan. 13 /CNW/ - General activity on The Montreal Exchange at 4 p.m. (including the early morning session): Trading HEAVY Volume traded: 15.0 million shares Value traded: 244.7 million dollars Indices: XXM close -41.49 3432.56 high 3469.63 low 3364.95 Montreal Exchange most active stocks: LAIDLAW INC. -1.40 13.90 BQ NOUV-ECOSSE -0.95 31.50 BOMBARDIER Cl B -0.75 21.50 TRANSCDA PIPLIN -0.25 21.70 DENISON MINES -0.005 .11 ---------------------------------------------------------------------- THE ALBERTA STOCK EXCHANGE Daily Trading Summary for: 1/13/1999 Time: 15:46:15 Shares Dollar Issues Traded Value Traded Advances Declines Unchanged 9,395,499 4,155,764.49 361 115 133 113 Top Five Dollar Value Volume Close Change Trades 670,941.00 VALU-NET CORPORATION 449,650 1.60 .150 193 370,731.70 STORM ENERGY INC 921,530 .40 10 364,599.40 TELEBACKUP SYSTEMS 33,166 11.00 .100 33 160,290.00 INTERPROVINCIAL SATEL 35,000 4.50 .550- 17 94,534.70 AASTRA TECHNOLOGIES L 23,432 4.000 19 Net Top Five Volume Value Close Change Trades 1,000,000 SAVANNA RESOURCES LTD 20,000 .020 14 921,530 STORM ENERGY INC 370,731 .400 10 449,650 VALU-NET CORPORATION 670,941 1.600 .15 193 420,750 FOX ENERGY CORPORATIO 75,712 .180 .02 4 250,000 MAPLE MARK INT'L INC 7,500 .030 .01- 1 Alberta Stock Exch Combined Value Index: 1,828.71 Change: 1.50- (x)J-JCP Total Number of Trades: 1,651 ---------------------------------------------------------------------- Vancouver Stock Exchange Closing Market Report January 13, 1999 VANCOUVER, Jan. 13 /CNW/ - Trading was moderate on a volume of 22.5 million shares worth 41.3 million dollars, with 118 advances, 145 declines and 273 issues unchanged. The VSE Composite Indicator closed down 3.24 at 414.71, while the VSE Mining Indicator closed down 1.36 at 306.83 Most Active Issues by Volume Volume Name Symbol Close Change 1,697,867 Uniglobe Travel OnLine Inc. UTO 6.40 0.30 1,354,300 Infowave Wireless Messaging IWM 1.83 0.38 913,050 Oriole Systems Inc. OOL 0.45 0.10 586,950 Polymet Mining Corp. POM 2.00 -0.20 450,000 Superior Mining Corporation SMP 0.08 -0.02 ----------------------------------------------------------------------