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

To: Kerm Yerman who wrote (14783)	1/13/1999 2:44:00 AM
From: Kerm Yerman	Respond to of 15196

ENERGY TRUSTS / NCE Resources Invitation NCE RESOURCES GROUP JANUARY 12, 1999 RE: NCE Resources Group - Invitation to Registered Representatives TORONTO, ONTARIO-- INVITATION TO REGISTERED REPRESENTATIVES NCE RESOURCES GROUP invites you to attend an Educational Seminar and National Conference Call "Canadian Natural Gas - Today's Path To Prosperity" featuring Canada's leading authorities on Natural Gas Markets RICHARD ZARZECZNY Canadian Enerdata Limited Industry Analyst The Highlights of the Presentation include: ------------------------------------------- - Current and future dynamics of North American natural gas market - Exciting developments that will reshape the Canadian natural gas industry - Opportunities for investment in natural gas producing assets to leverage for capital appreciation - US and Canadian Supply/Demand fundamentals - New pipeline capacity: better Canadian prices - Role of inventory and seasonal demands on market price - The impact of weather on price and demand - Environment, technology and other industry drivers - The need for capital to feed demand - The role of trusts: conservative investment to finance growth TORONTO, THURS. JAN. 14 Royal York Hotel Canadian Room 4:15 pm - 5:15 pm (Cocktail Reception to follow) If unable to attend seminar, participate in National Conference Call, Tuesday, January 19th at 4:15 pm EST. Call 1-800-273-9672. Playback 1-800-408-3053 passcode 226314. R.S.V.P. Lianne MacDonald at 1-800-563-4623 or (416) 364-8788.

To: Kerm Yerman who wrote (14783)	1/13/1999 2:49:00 AM
From: Kerm Yerman	Respond to of 15196

CORP ANNOUNCEMENT / Netherfield Energy Granted Stock Options NETHERFIELD ENERGY CORPORATIONASE SYMBOL: NLDJANUARY 12, 1999 CALGARY, ALBERTA--On January 11, 1999, Netherfield Energy Corporation (the "Corporation") (NLD - ASE) granted stock options to purchase 670,000 common shares to its directors and officers, exercisable on or before January 11, 2004 at an exercise price of $0.25 per share, as follows: Peter Sider, President, Chief Executive Officer and Director 250,000 Stan Grad, Chairman of the Board and Director 150,000 Dr. James Judd, Vice President, Exploration 135,000 Raymond P. Antony, Director 135,000 The Corporation also wishes to advise that Mr. Gregg Vernon has resigned his positions as Vice President, Chief Operating Officer and a Director of the Corporation. The Corporation thanks Mr. Vernon for his contribution and wishes him every success in the future.

To: Kerm Yerman who wrote (14783)	1/13/1999 3:00:00 AM
From: Kerm Yerman	Respond to of 15196

MERGERS - ACQUISITIONS / Canadian Abraxas Petroleum Gains 100% Ownership Of New Cache Petroleums CANADIAN ABRAXAS PETROLEUM LIMITED ANNOUNCES 100 PERCENT OWNERSHIP OF NEW CACHE PETROLEUMS LTD. Date: 1/12/99 5:38:44 PM Dateline: CALGARY, ALBERTA Stock Symbol: Canadian Abraxas Petroleum Limited ("Canaxas") announced today that it has taken up and paid for 14,028,139 common shares and associated rights of New Cache Petroleums Ltd. ("New Cache"), representing approximately 98.8 percent of the issued and outstanding common shares and associated rights of New Cache, which were deposited under the offer to purchase dated November 24, 1998, as extended (the "Offer"), which Offer expired January 5, 1999. In addition, Canaxas has today implemented the compulsory acquisition procedures pursuant to Sections 189 and 191 of the Business Corporations Act (Alberta) with respect to the remaining 156,989 issued and outstanding common shares and associated rights of New Cache, representing approximately 1.2 percent of the issued and outstanding common shares and associated rights of New Cache, which were not deposited under the Offer. Upon completion of the compulsory acquisition of the approximately 1.2 percent of the issued and outstanding common shares and associated rights of New Cache which were not deposited under the Offer, Canaxas will hold 100 percent of the issued and outstanding common shares and associated rights of New Cache on a fully diluted basis.

To: Kerm Yerman who wrote (14783)	1/13/1999 3:13:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Can West Exploration Granted Columbian Drilling Permit CAN WEST RECEIVES PERMIT TO DRILL ON LAND ADJACENT TO SEVEN SEAS EMERALD MOUNTAIN DISCOVERY Vancouver, BC, Jan 12, 1999 Can West Exploration Inc. (VSE CWI) The Company is pleased to announce the official approval and issuance of the Environmental Permit for the Lagunillas Exploration Block. With the receipt of the permit the Company is now poised to begin exploratory drilling operations on the block. The new permit, issued as Resolution 1278, was signed by the Minister of the Environment on December 24, 1998. Official public notification was issued in the Colombian National Newspaper on January 6, 1999. With the permit in hand, the Company has begun preparations to drill its first exploratory well on the Lagunillas block. The Venadillo-1 well, located in the southern portion of the block, will be drilled to a total depth of about 3,500 feet. The well will be drilled as a step-out to the Halcon-1, Quinche-1 and Chisga-1 wells, which have previously tested and produced oil from Tertiary-age Doima formation sandstone reservoirs. The Company believes that the Doima reserves at the Venadillo prospect may be similar to the proven reserves of the nearby Toqui-Toqui field of 9.5 million barrels of oil and 3 billion cubic feet of gas. The Toqui-Toqui field has to date produced 2.5 million barrels of oil. The Venadillo well will be drilled using state-of-the-art-drilling techniques to avoid the reservoir damage experienced in the offset wells. With a successful completion the Company will apply to the Colombian State Oil Ministry, Ecopetrol to designate the four wells as a commercial field. The Venadillo-1 is scheduled to spud in March 1999. Following the drilling of the Venadillo-1 well the Company is planning to drill a deep thrust fault cretaceous sandstone prospect. This seismically defined drilling target is analogous to Seven Seas discovery in the cimarrona formation. There have been other significant discoveries in the immediate area in the past year. These discoveries were all at depths similar to the target identified by Can West. Can West Exploration Ltd. (Can West) is an international oil and gas exploration and production company. Can West owns a 100% interest in the approximately 300 square mile Lagunillas and Colon Blocks. These blocks are located in the Middle Magdalena Basin, Colombia, adjacent to 3 proven oil fields including Seven Seas Emerald Mountain discovery.

To: Kerm Yerman who wrote (14783)	1/13/1999 11:30:00 AM
From: Kerm Yerman	Read Replies (3) \| Respond to of 15196

KORNER REPORT / Closing Market Briefs ---------------------------------------------------------------------- Toronto Stock Exchange - Daily Market Summary for Tuesday, January 12, 1999 04:29 PM TSE 300 COMPOSITE INDEX IS DOWN TRADING VOLUME 112 348 89 PERCENTAGE CHANGE 2.07% POINTS CHANGE 141.48 VALUE $2,195,108,039.00 TSE 300 INDEX LEVEL 6700.83 TRANSACTIONS 74 026 ADVANCING ISSUES 359 DECLINING ISSUES 614 UNCHANGED ISSUES 286 THE S+P/TSE 60 INDEX IS DOWN POINTS CHANGE 9.31 S+P/TSE 60 INDEX LEVEL 388.04 TSE 35 INDEX IS DOWN PERCENTAGE CHANGE 2.66% POINTS CHANGE 9.97 TSE 35 INDEX LEVEL 364.38 TSE 100 INDEX IS DOWN PERCENTAGE CHANGE 2.29% TOTAL POINTS CHANGE 9.41 TSE 100 INDEX LEVEL 409.68 0 OF THE SUB-GROUP INDICES ARE HIGHER ACTIVE STOCKS BID.COM INTERNATIONAL IS DOWN $0.35 TO $ 7.25 ROGERS COMM B IS UP $1.25 TO $ 17.95 LARGE PRICE CHANGES FAIRFAX FINANCIAL SERVICES IS DOWN $8.00 TO $522.00 GENERAL MOTORS IS DOWN $4.00 TO $125.75 ---------------------------------------------------------------------- Toronto Stock Exchange distribution notices for ''TIPS 35'' and ''TIPS 100'' TORONTO, Jan. 12 /CNW/ - The Toronto Stock Exchange has announced final dividend and capital gains distributions for both Toronto 35 and TSE 100 Index Participation Funds for the year ending December 31, 1998. The Toronto 35 Index Participation Fund distributed the following quarterly distributions for the year ending December 31, 1998: ------------------------------------------------------------------ Dividend Income Return of Capital Total ------------------------------------------------------------------ Q1 0.14122 0.03568 0.17690 ------------------------------------------------------------------ Q2 0.14742 0.03875 0.18617 ------------------------------------------------------------------ Q3 0.14692 0.02452 0.17144 ------------------------------------------------------------------ Q4 0.14163 0.04181 0.18344 ------------------------------------------------------------------ Total 0.57719 0.14076 0.71795 ------------------------------------------------------------------ The TSE 100 Index Participation Fund distributed the following quarterly distributions for the year ending December 31, 1998: ------------------------------------------------------------------ Dividend Income Return of Capital Total ------------------------------------------------------------------ Q1 0.12829 0.05573 0.18402 ------------------------------------------------------------------ Q2 0.17037 0.02374 0.19411 ------------------------------------------------------------------ Q3 0.12552 0.05231 0.17783 ------------------------------------------------------------------ Q4 0.16668 0.01318 0.17986 ------------------------------------------------------------------ Total 0.59086 0.14496 0.73582 ------------------------------------------------------------------ The capital gain distribution for the 1998 taxation year for the Toronto 35 Index Participation Fund was $1.37976 per unit. This amount was distributed to unitholders of record on December 31, 1998. Any capital gains distributed by the Toronto 35 Index Participation Fund was in the form of additional TIPS 35 units. Immediately following the distribution of the capital gains, the number of TIPS 35 units were consolidated so that the number of units held by investors was the same as before the capital gain distribution. Please refer to the TIPS 35 Prospectus for further information. There was no capital gain distribution for the TSE 100 Index Participation Units for the 1998 taxation year. For further information, please contact Index Services at (416) 947- 4704. ---------------------------------------------------------------------- Montreal Exchange - Daily stock market report - Closing General activity on The Montreal Exchange at 4 p.m. (including the early morning session): Trading HEAVY Volume traded: 15.1 million shares Value traded: 233.2 million dollars Indices: XXM close -90.27 3474.05 high 3546.85 low 3474.05 Montreal Exchange most active stocks: AIR CANADA -0.50 6.95 BQ IMPERIALE -1.40 39.25 TRANSCDA PIPLIN -0.10 21.95 SR TELECOM INC. -0.50 4.60 DENISON MINES UNCHANGED 0.115 ---------------------------------------------------------------------- The Alberta Stock Exchange Closing Market Report for Tuesday, January 12, 1999 Daily Trading Summary for: 1/12/1999 Time: 14:42:43 Shares Dollar Issues Traded Value Traded Advances Declines Unchanged 10,339,158 5,283,288.00 377 128 138 111 Net Top Five Dollar Value Volume Close Change Trades 1,311,533.00 VALU-NET CORPORATION 972,150 1.450 .350 333 485,483.00 INTERPROVINCIAL SATEL 98,800 5.050 .350 65 282,480.00 LUXELL TECHNOLOGIES I 211,600 1.400 .170- 9 159,230.00 MC2 LEARNING SYSTEMS 41,500 3.820 .220 43 136,803.00 AASTRA TECHNOLOGIES L 33,550 4.000 .250- 23 Net Top Five Volume Value Close Change Trades 972,150 VALU-NET CORPORATION 1,311,533 1.450 .350 333 655,000 SAVANNA RESOURCES LTD 13,100 .020 .005- 7 239,000 STORM ENERGY INC 96,380 .400 .030- 5 233,000 CANTEX MINE DEVELOPME 35,995 .150 .020- 22 225,000 ACER CAPITAL CORP 25,875 .115 .015 3 Alberta Stock Exchange Combined Value Index: 1,830.21 Change: 9.03 (x)J-JCP Total Number of Trades: 2,038 Among the Most Active: MC2 Learning Systems MCZ.A-ASE Jan.12/99 - MC2 Learning Systems announced today that it has joined the Dell Education Alliance, a consortium of hardware and software manufacturers committed to offering computing solutions to the education market. As a member of the Dell Education Alliance, MC2 will work with Dell representatives and school technology coordinators to provide computing solutions tailored to each school district's individual challenges, learning objectives and technology needs. Interprovincial Satellite Services Ltd. ISS-ASE Jan.11/99 - The Board of Directors of Interprovincial Satellite Services Ltd. (''INTERSAT''), announced the following executive appointments: 1. J.T. Knight, Ph.D., P.Eng. as Chairman and Chief Executive Officer, from his previous position as President and Chief Executive Officer. 2. Chris Schnarr as President and Chief Financial Officer, from his previous position as Vice President, Corporate Development and Chief Financial Officer. INTERSAT will seek suitable replacement candidates to assume Mr. Schnarr's Chief Financial Officer duties in the near term. 3. Mike Neudoerffer, P.Eng. as Vice President, Engineering, from his previous position as Director of Engineering. 4. Ward Garven as Vice President, Interfax Communications Ltd., a wholly owned subsidiary of INTERSAT which is the commercial vehicle for INTERSAT's leading-edge internet fax machine to fax machine (INTERFAX) service. Mr. Garven's background includes 22 years in the information technology industry, the past 14 years with Xerox in various senior management positions within that organization at national and international levels. His responsibilities included strategic planning, business process management, new product launches, technology management and delivery, distribution channel management, market management and customer management strategies and policies. INTERSAT is a leading developer and value-added provider of global fax and data network services to industry, using wireless and internet as communications media. ---------------------------------------------------------------------- Vancouver Stock Exchange Closing market report for January 12, 1999 VANCOUVER, Jan. 12 /CNW/ - Trading was moderate on a volume of 23.9 million shares worth 34.0 million dollars, with 105 advances, 154 declines and 271 issues unchanged. The VSE Composite Indicator closed down 3.09 at 417.94 The VSE Mining Indicator closed down 0.56 at 308.19 Most Active Issues by Volume Volume Name Symbol Close Change ---------------------------------------------------------------------- 1,889,282 Uniglobe Travel OnLine Inc. UTO 6.10 -0.55 878,900 Lake City Gaming Corp. LCG 3.45 0.15 836,200 Inlet Resources Ltd. INS 0.47 0.05 826,685 Winspear Resources Ltd. WSP 3.77 0. 797,000 El Misti Gold Limited EMG 0.16 -0.02 ----------------------------------------------------------------------

To: Kerm Yerman who wrote (14783)	1/13/1999 11:31:00 AM
From: Kerm Yerman	Respond to of 15196

KORNER REPORT / TSE 35 & TSE 300 TSE 35 Index Annual Revision TORONTO, Jan. 12 /CNW/ - The Toronto Stock Exchange, in conjunction with the Index Services division and the Index Committee, has completed the annual revision analysis for the Toronto 35 Index and announces the following changes, which are effective before the open Friday, February 19, 1999. Please note that the opening level for the February Toronto 35 Index Options and Futures contracts will be calculated based on the PREVIOUS Index composition. THE NEW TORONTO 35 INDEX COMPOSITION WILL BE BASED ON THE FOLLOWING CHANGES: Increased: 400 shares of Canadian National Railway (CNR) to hold 500 Increased: 300 shares of Magna Intl. Cl.A (MG.A) to hold 800 Increased: 500 shares of Nova Chemical Corporation (NCX) to hold 1000 Increased: 900 shares of Suncor Inc. (SU) to hold 1000 Decreased: 500 shares of Alcan Aluminium Ltd. (AL) to hold 1000 Decreased: 1200 shares of Laidlaw Inc. (LDM) to hold 1000 Decreased: 500 shares of Thomson Corporation (TOC) to hold 1500 BCE Inc.'s relative weight in the Toronto 35 Index as of December 31, 1998 was 11.53%. The shares will be adjusted in accordance with Toronto 35 Index rules, which state that ''The maximum weight that any one stock may be given is set at 10%.'' The following changes will adjust BCE Inc.'s relative weight accordingly: Decreased: 1000 shares of BCE Inc. (BCE) to hold 3000 Increased: 1500 shares of TransAlta Corporation (TA) to hold 3500 NEW COMPOSITION OF THE TORONTO 35 INDEX Effective February 19, 1999 --------------------------- Company Name Symbol Shares ------------ ------ ------ 1. Abitibi-Consolidated A 2,000 2. Barrick Gold ABX 2,000 3. Alcan Aluminum AL 1,000 4. Bombardier Cl B BBD.B 4,000 5. BCE Inc. BCE 3,000 6. Bank of Montreal BMO 1,400 7. Bank of Nova Scotia BNS 2,000 8. Canadian Imperial Bank CM 2,500 9. Canadian National Railway Co. CNR 500 l0. Canadian Pacific Ltd. CP 3,000 11. Canadian Tire Cl A CTR.A 2,000 12. Canadian Oxy Petroleum CXY 1,400 13. Dofasco Inc. DFS 1,000 14. Imasco Ltd. IMS 2,800 15. Laidlaw Inc. LDM 1,000 16. MacMillan Bloedel MB 1,800 17. Moore Corp. MCL 1,000 18. Magna Int'l Cl A MG.A 800 19. Inco Limited N 1,000 20. National Bank NA 1,000 21. Noranda Inc. NOR 1,000 22. Northern Telecom NTL 2,000 23. Nova Chemical Corporation NCX 1,000 24. Petro Canada Com/Var PCA 2,200 25. Placer Dome PDG 2,100 26. Renaissance Energy RES 1,500 27. Royal Bank RY 1,500 28. Suncor Energy Inc. SU 1,000 29. TransAlta Corporation TA 3,500 30. Toronto-Dominion Bank TD 1,800 31. Teck Corp Cl B TEK.B 1,000 32. Talisman Energy TLM 1,800 33. Thomson Corporation TOC 1,500 34. TransCanada Pipelines TRP 2,500 35. Seagram Co. (The) VO 1,500 TSE 300 Composite Index Annual Revision TORONTO, Jan. 12 /CNW/ - The Toronto Stock Exchange in conjunction with the Index Committee, has completed its annual revision analysis for the TSE 300 Composite Index and announces the following changes to be effective at the market open on Friday, February 19, 1999. The stocks included and deleted as a result of these changes will also be included in and deleted from the TSE 200 Index at the open on Friday, February 19, 1999. THE FOLLOWING STOCKS WILL BE ADDED: Company Symbol Index 1. Astral Communications Inc. Cl.A NV ACM.A 11.01 Broadcasting 2. Architel Systems Corp. ASY 6.10 Technology - Software 3. Bentall Corporation BTC 7.03 Real Estate 4. Cara Operations Cl.A NV CAO.A 12.06 Hospitality 5. Cogeco Cable Inc. SV CCA 11.02 Cable & Entertainment 6. Centrefund Realty Corporation CFE 7.03 Real Estate 7. Certicom Corporation CIC 6.05 Technology - Software 8. Dundee Realty Corporation D 7.03 Real Estate 9. Genesis Exploration Inc. GEX 3.02 Oil & Gas Producers 10. MDS Inc. Cl.A MHG.A 5.08 Biotechnology/ Pharmaceuticals 11. Probe Exploration Inc. PRX 3.02 Oil & Gas Producers 12. Sutton Resources Ltd. STT 2.03 Gold & Precious Minerals 13. Trojan Technologies Inc. TUV 8.01 Transportation/ Environmental 14. Unihost Corporation UNH 12.06 Hospitality 15. Uni-Select Inc. UNS 12.01 Wholesale Distributors 16. Wescast Industries Inc. SV WCS.A 6.11 Autos & Parts THE FOLLOWING STOCKS WILL BE DELETED: Company Symbol Index 1. Abacan Resource Corporation ABC 3.02 Oil & Gas Producers 2. Allelix Biopharmaceuticals Inc. AXB 5.08 Biotechnology/ Pharmaceuticals 3. Breakwater Resources Ltd. BWR 1.02 Mining 4. Delrina Corporation Exch. DE 6.10 Technology- Software 5. Golden Star Resources Ltd. GSC 2.03 Gold & Precious Minerals 6. Harmac Pacific Inc. HRC 4.01 Paper & Forest Products 7. Indochina Goldfields Ltd. ING 2.03 Gold & Precious Minerals 8. LionOre Mining International Ltd. LIM 1.02 Mining 9. Lumonics Inc. LUM 6.02 Fabricating & Engineering 10. Miramar Mining Corporation MAE 2.03 Gold & Precious Minerals 11. Orvana Minerals Corporation ORV 2.03 Gold & Precious Minerals 12. Rio Narcea Gold Mines Ltd. RNG 2.03 Gold & Precious Minerals 13. Repap Enterprises Inc. RPP 4.01 Paper & Forest Products 14. Spar Aerospace Ltd. SPZ 6.05 Technology- Hardware 15. SR Telecom Inc. SRX 6.05 Technology- Hardware 16. WIC Western Intl. Comm. Ltd. WIC.B 11.01 Broadcasting THE FOLLOWING STOCKS WILL BE RECLASSIFIED: Company Symbol From Index To Index 1. Acktion ACK 12.01 - Wholesale Distributors 7.03 - Real Estate Corporation 2. Ballard BLD 6.11 - Autos & Parts 6.02 - Fabricating Power & Systems Inc. Engineering 3. Seagram VO 5.03 - Distilleries 11.02 - Cable & Company Ltd. Entertainment All reclassifications are effective before the open on Friday, February 19, 1999. Note: Due to the reclassification of Seagram Company Ltd. (VO), TSE 300 Composite Subgroup - Distilleries (5.03) will be discontinued, effective at the open on Friday, February 19, 1999.