Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 (14755)	1/12/1999 1:55:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. ANNOUNCEMENT / Real Resources Inc. Announces New Director CALGARY, Jan. 11 /CNW/ - Real Resources Inc. (''RER'' - TSE) Mr. Lowell E. Jackson, President and Chief Executive Officer of Real Resources Inc. is pleased to announce that Mr. John M. Stewart has joined the Board of Directors of the Company and has been appointed Chairman. Mr. Stewart is Vice-Chairman of ARC Financial Corporation, an investment management and merchant banking company focused on the oil and gas sector in Canada. Mr. Frans Burger, previously Chairman of the Board of Directors, will remain on the Board. Real Resources Inc. is a Calgary based oil and gas exploration company active in the development and production of crude oil and natural gas in Western Canada. The Company has grown through exploration, development and strategic acquisitions.

To: Kerm Yerman who wrote (14755)	1/12/1999 2:00:00 AM
From: Kerm Yerman	Read Replies (4) \| Respond to of 15196

FIELD ACTIVITIES / Trans-Orient Petroleum Announces Drilling Commences on Two World-Class Oil Prospects In PNG VANCOUVER, British Columbia, Jan. 11 /PRNewswire/ -- Trans-Orient Petroleum Ltd. (OTC Bulletin Board: TEPUF - news) is pleased to announce the immediate drilling of two back-to-back exploration wells in Papua New Guinea. Both have the potential to achieve world-class oil discoveries with a combined potential of 1.3 billion barrels of oil. Stanley-1 Exploration Well Trans-Orient controls a 7.5% interest in the recently spudded Stanley-1 well located in Petroleum Prospecting License 157 in the foreland area of the Papuan Basin. Santos Ltd. [Nasdaq:STOSY - news], a major Australian oil and gas company, is the operator on the project, and has estimated the oil discovery potential of the Stanley Prospect at up to 950 million barrels. The well has multi-level objectives, the primary one being the Toro Formation, a proven reservoir unit in the area. The Stanley-1 well is expected to take approximately 40 days to drill and is budgeted at US$7 million. In addition to participating in the Stanley Prospect, Trans-Orient also controls a 7.5% interest in the entire 1.2 million-acre PPL 157 permit area, which has still been only lightly explored. Numerous other prospects identified for future exploration drilling give this permit rich ongoing potential. Also, recent developments in the planned PNG-to-Australia pipeline will allow Santos, Trans-Orient and other participants in the joint venture to evaluate development options for the two significant gas/condensate discoveries made within PPL 157 in 1990/91. A gas/condensate development project to take advantage of the planned pipeline could provide Trans-Orient with long-term cash flow at a future date. Tumuli-1 Exploration Well Upon completion of Stanley-1 the drill rig will immediately be moved by helicopter to the Tumuli Prospect in Petroleum Prospecting License 106, in the Highland Fold Belt region about 80 miles northeast of PPL 157. The Tumuli-1 well will test a large seismically defined anticlinal structure estimated to hold potential reserves, on discovery, of up to 350 million barrels of oil. Trans-Orient holds a 5% interest in the Tumuli-1 well and in the 900,000-acre PPL 106 area, which also has considerable ongoing exploration potential. At least 30 other structures have been identified as possible future targets for drilling. The Tumuli-1 well is expected to take approximately 45 days to drill, at a cost of US$11 million. Santos Ltd. also operates the PPL 106 license, holding a 35% interest. The remaining interests are held by a consortium of Australian-based companies. Most recently, Woodside Petroleum, a Shell subsidiary that focuses on exploration in Australasia, has acquired a 25% interest in the project, marking that company's first exploration endeavor in PNG. Other active explorers in the immediate area include Exxon, Conoco, Chevron and Arco. Trans-Orient chairman Alex Guidi notes the exceptional quality and potential of these two new PNG exploration wells: ''We are pleased to be partnered with some of the world's largest and most successful explorers. The Stanley and Tumuli prospects both have a good chance to bring in important oil discoveries, and could dramatically impact shareholder value.'' A map is available upon request. The information included in this news release comprises both historical and forward-looking information or statements as defined by the Private Securities Litigation Reform Act of 1995. The Company relies on the safe harbor of this act and cautions that there can be no assurance that forward-looking statements will prove to be accurate given that resource exploration activity is inherently a high risk business.

To: Kerm Yerman who wrote (14755)	1/12/1999 8:40:00 AM
From: Kerm Yerman	Respond to of 15196

KORNER REPORT / Oil & Gas Pricing ---------------------------------------------------------------------- NYMEX FUTURES --------------------CRUDE OIL-LIGHT SWEET--------------------- NYM - 1,000 bbl_dollars per bbl. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 13.03 13.75 12.92 13.44 +.37 20.79 10.75 Mar 99 13.06 13.72 12.99 13.45 +.35 20.40 11.10 Apr 99 13.27 13.75 13.27 13.48 +.31 20.79 11.35 May 99 13.44 13.82 13.40 13.56 +.27 20.79 0.01 Jun 99 13.54 13.90 13.51 13.66 +.25 20.42 11.48 Aug 99 13.85 13.98 13.85 13.87 +.21 20.04 12.51 Sep 99 14.08 14.08 13.98 13.98 +.20 20.33 12.76 Oct 99 14.10 14.30 14.07 14.09 +.19 20.14 12.97 Nov 99 14.15 14.44 14.15 14.22 +.19 20.60 13.17 Dec 99 14.36 14.56 14.33 14.35 +.19 20.34 13.37 Jan 00 14.40 14.55 14.40 14.46 +.17 19.88 13.57 Feb 00 14.70 14.70 14.55 14.57 +.15 20.16 13.78 Mar 00 14.79 14.87 14.65 14.68 +.14 20.10 13.96 Jun 00 15.10 15.10 14.92 14.95 +.10 20.34 14.41 Est. Sales 179219 -------------------------HEATING OIL------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 36.95 38.20 36.00 37.43 +1.32 58.50 32.40 Mar 99 36.60 38.40 36.50 37.73 +1.15 58.81 33.10 Apr 99 37.60 38.50 37.50 37.88 +1.05 59.00 33.70 May 99 37.75 38.60 37.75 38.08 +.95 54.56 34.30 Jun 99 38.50 39.05 38.45 38.48 +.80 52.75 35.05 Jul 99 39.30 39.80 39.00 39.13 +.70 52.90 35.85 Aug 99 40.20 40.20 39.83 39.83 +.65 50.55 36.70 Sep 99 40.95 41.15 40.53 40.53 +.55 52.00 37.60 Oct 99 41.80 41.80 41.28 41.28 +.50 52.00 38.45 Nov 99 42.25 42.25 42.03 42.03 +.45 52.44 39.34 Dec 99 43.40 43.40 42.83 42.83 +.40 52.70 40.20 Jan 00 43.65 43.95 43.38 43.38 +.40 50.75 40.74 Feb 00 43.60 44.10 43.28 43.28 +.40 50.08 40.74 Mar 00 43.70 44.00 43.13 43.13 +.40 50.60 40.59 Apr 00 43.60 43.60 42.78 42.78 +.40 49.04 40.68 Est. Sales 44566 --------------------------NATURAL GAS------------------------- NYM - 10,000 mm british thermal units. CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 1.790 1.795 1.740 1.779 -.051 2.770 1.740 Mar 99 1.790 1.825 1.780 1.809 -.040 2.600 1.780 Apr 99 1.810 1.830 1.785 1.815 -.032 2.440 1.785 May 99 1.830 1.845 1.815 1.837 -.026 2.380 1.815 Jun 99 1.850 1.865 1.840 1.866 -.018 2.380 1.840 Jul 99 1.885 1.895 1.870 1.895 -.010 2.390 1.870 Aug 99 1.905 1.920 1.900 1.919 -.010 2.390 1.900 Sep 99 1.933 1.940 1.925 1.943 -.010 2.380 1.925 Oct 99 1.975 1.985 1.970 1.985 -.010 2.415 1.970 Nov 99 2.125 2.130 2.115 2.122 -.008 2.535 2.115 Dec 99 2.280 2.280 2.260 2.272 -.008 2.680 2.213 Jan 00 2.320 2.325 2.310 2.320 -.010 2.655 2.310 Feb 00 2.250 2.260 2.240 2.250 -.007 2.545 2.240 Mar 00 2.160 2.170 2.150 2.155 -.005 2.426 2.150 Apr 00 2.090 2.090 2.075 2.083 +.002 2.320 2.075 May 00 2.060 2.075 2.060 2.059 +.002 2.300 2.057 Jun 00 2.070 2.080 2.065 2.070 +.002 2.308 2.065 Jul 00 2.090 2.090 2.085 2.085 +.002 2.320 2.083 Aug 00 2.090 2.100 2.090 2.091 +.002 2.320 2.090 Sep 00 2.110 2.110 2.110 2.095 +.002 2.321 2.100 Oct 00 2.130 2.130 2.130 2.118 +.004 2.341 2.100 Nov 00 2.245 2.268 2.245 2.248 +.005 2.469 2.048 Dec 00 2.415 2.415 2.415 2.397 +.007 2.615 0.244 Jan 01 2.400 2.435 2.400 2.430 +.010 2.613 2.400 Feb 01 2.310 2.330 2.310 2.315 +.010 2.505 2.305 Mar 01 2.210 2.230 2.210 2.216 +.010 2.410 2.210 Apr 01 2.135 2.135 2.135 2.117 +.010 2.315 2.135 May 01 2.120 2.120 2.120 2.102 +.010 2.305 2.120 Jun 01 2.119 2.119 2.119 2.104 +.010 2.291 2.095 Jul 01 2.095 2.105 2.095 2.105 +.010 2.291 2.095 Jan 02 2.450 2.470 2.450 2.460 +.010 2.494 2.450 Est. Sales 51958 ------------------------UNLEADED GAS-------------------------- NYM - 42,000 gal_cents per gal CONTRACT OPEN HIGH LOW SETTLE CHANGE HIGH LOW Feb 99 38.40 40.05 38.40 39.15 +.96 52.75 34.10 Apr 99 42.90 43.85 42.90 43.01 +.75 55.00 38.70 May 99 43.80 44.50 43.73 43.73 +.70 55.83 39.90 Jun 99 44.65 44.90 44.18 44.18 +.63 54.70 40.70 Jul 99 44.55 45.10 44.38 44.38 +.58 52.60 41.20 Aug 99 45.10 45.15 44.48 44.48 +.48 52.15 41.90 Sep 99 44.75 44.95 44.33 44.33 +.48 50.65 42.57 Est. Sales 31766 ---------------------------------------------------------------------- U.S. spot natural gas prices - January 11 JANUARY ($/mmBtu) 1/11 1/8 U.S. GULF OFFSHORE 1.71/1.76 1.76/1.81 TEXAS COAST 1.75/1.80 1.78/1.83 WESTERN TEXAS 1.70/1.75 1.74/1.79 LOUISIANA COAST 1.77/1.82 1.83/1.88 NORTHERN LOUISIANA 1.79/1.84 1.85/1.90 OKLAHOMA 1.78/1.83 1.83/1.88 APPALACHIA 1.88/1.93 1.94/1.99 SO. CALIFORNIA BORDER 1.84/1.89 1.88/1.93 HENRY HUB 1.82/1.84 1.88/1.92 WAHA HUB 1.75/1.80 1.76/1.81 ---------------------------------------------------------------------- Shell Canada <SHC.TO> raises light oil prices COMPANY EFF DATE LT SWEET LT SOUR CDLR/BBL CDLR/M3 CDLR/BBL CDLR/M3 IMPERIAL OIL 01/11/98 19.24 121.00 18.60 117.00 SHELL CANADA 01/11/98 19.08 120.00 18.44 116.00 SUNCOR* 01/07/98 19.08 120.00 17.96 113.00 PETRO-CANADA 01/11/98 19.24 121.00 18.60 117.00 KOCH OIL 01/07/98 18.60 117.00 17.96 113.00 Light sweet marker crude at Edmonton/Swan Hills......40 API 0.3 pct sulphur Light sour at Cromer, Man....33 API 1.1 pct sulphur Suncor light sour...........35 API, 1.2 pct sulphur ---------------------------------------------------------------------- Shell Canada <SHC.TO> raises heavy oil prices* COMPANY EFF DATE BOW RIVER HARDISTY MEDIUM, (CDLR/M3) BLEND MEDIUM** CROMER IMPERIAL 01/11/98 101.00 -- 108.00 SHELL CANADA 01/11/98 -- 102.00 106.00 SUNCOR 01/07/98 -- -- 102.00 PETRO-CANADA 01/11/98 -- 101.00* -- KOCH OIL 01/07/98 95.00 99.00 103.00 Bow River Blend, Hardisty.....Stream Quality Hardisty Medium...............29.3 API 1.6 pct sulphur Petro-Can Hardisty Medium....25.7 API, 2.1 pct sulphur Medium at Cromer, Man.........29.3 API, 2.0 pct sulphur ---------------------------------------------------------------------- Canadian spot natural gas export prices - Jan 11* EXPORT (JAN SWING) $CDN/GJ $US/MMBTU HUNTINGDON B.C. 2.36/2.43 1.68/1.73 KINGSGATE B.C. (TO PNW) 2.27/2.35 1.62/1.67 MONCHY SASK 2.15/2.22 N 1.53/1.58 N EMERSON MAN 2.50/2.57 1.78/1.83 NIAGARA ONT 2.68/2.75 1.91/1.96 Canada/U.S. dollar conversion based on Bank of Canada rate. N equals Notional ---------------------------------------------------------------------- Canadian spot natural gas domestic prices - Jan 11 DOMESTIC (JAN SWING) $CDN/GJ $US/MMBTU ALBERTA PLANT-GATE 2.09/2.14 1.49/1.52 ALBERTA BORDER - EMPRESS 2.24/2.29 1.60/1.63 STATION 2, B.C. 2.25/2.30 1.60/1.64 SASK. PLANT-GATE 2.09/2.14 1.49/1.52 TORONTO CITY-GATE 2.65/2.72 N 1.89/1.94 N 1-YR PCKGS - EMPRESS 2.64/2.69 1.88/1.92 AECO 2.21/2.26 1.57/1.61 N=notional. One yr package beginning Nov. 1, 1999. Canada/U.S. dollar conversion based on Bank of Canada noon rate. One year packages converted to U.S. dollars at a 12-month forward rate. ----------------------------------------------------------------------