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 (14903)	1/19/1999 10:18:00 PM
From: Herb Duncan	Respond to of 15196

CORP / Thunder Energy Inc. 1998 Year End Reserves TSE SYMBOL: THY JANUARY 19, 1999 CALGARY, ALBERTA--Thunder Energy Inc. (THY - TSE) announced today 1998 year end reserves as determined by its independent engineering consultants, Sproule Associates Limited. Total additions from drilling, acquisitions and revisions for the year were 1.4 million barrels of oil and ngl's and 10.3 BCF of gas. Reserve additions replaced 408 percent of 1998's production with year-end reserves growing 30 percent over the previous year. During the year Thunder drilled a total of 33 wells (16.5 net) resulting in 21 gas wells (10.5 net), 9 oil wells (4.5 net) and 3 dry holes (1.5 net). All of the wells were operated by Thunder and drilled in its three core areas. Total capital expenditures for 1998 are estimated at $12.5 million. Finding and development costs are estimated at $5.14 per BOE on a proven plus probable basis and $5.46 on a proven basis only. Thunder's three-year average finding and development costs are $4.11 per BOE and $4.96 per BOE on a proven plus probable and proven basis respectively. /T/ RESERVES, as at December 31, 1998 Oil & Ngl's Gas Future Cash Flow ($ 000's) (mbbls) (Bcf) Undiscounted 10 15 (percent)(percent) -------------------------------------------------- Proven 2,595 39.3 79,028 50,198 42,441 Probable 953 5.8 16,595 5,912 4,113 Total 3,548 45.1 95,623 56,110 46,554 /T/ Thunder Energy Inc. is a Calgary based oil and gas exploration company operating in Alberta. Thunder's shares are traded on the Toronto Stock Exchange under the trading symbol "THY".

To: Kerm Yerman who wrote (14903)	1/20/1999 2:34:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / Akita Drilling Ltd. - Normal Course Issuer Bid CALGARY, Jan 19 /CNW/ - Effective January 19, 1999, the Corporation has filed a Notice of Intention to Make a Normal Course Issuer Bid (the ''Bid'') with The Toronto Stock Exchange (the ''TSE'') pursuant to which the Corporation indicated that it intends to make a normal course issuer bid for certain of its outstanding Class A Non-Voting Shares on the terms set forth in the Notice. At the time of filing the Notice, the board of directors of the Corporation was of the belief, and continues to be of the belief, that the purchase of the Class A Shares from time to time at appropriate prices will minimize any dilution resulting from the exercise of stock options to purchase Class A Shares and is an advantageous use of the Corporation's funds. As a result, at such time as the Class A Shares become available at prices which make them an attractive investment and an appropriate use of the Corporation's funds, the Corporation shall make normal course purchases through the facilities of the TSE in accordance with the Notice. On the date that the Notice was filed, 8,674,569 Class A Shares were outstanding. Under the rules of the TSE, in the period commencing on January 22, 1999 and ending on January 21, 2000, the Corporation may acquire up to 433,478 Class A Shares of the Corporation, being 5% of the Class A Shares outstanding as at the date of the Notice. Any shares purchased pursuant to the Notice will be purchased at the market price of the shares at the time of purchase and will be purchased on behalf of the Corporation by a registered investment dealer through the facilities of the TSE. Any shares purchased pursuant to the Notice will be cancelled and returned to treasury of Akita. The funding for any purchase of Class A Shares pursuant to the normal course issuer bid will be financed out of working capital of the Corporation.

To: Kerm Yerman who wrote (14903)	1/20/1999 2:36:00 AM
From: Kerm Yerman	Read Replies (4) \| Respond to of 15196

FIELD ACTIVITIES / BriAlto Energy Corporation Updates Activity CALGARY, Jan. 19 /CNW/ - During the fall and winter of 1998, BriAlto participated in 5 gross (1.05net) wells resulting in 3 gross (.6net) vertical development oilwells, 1 gross (.25net) horizontal development oilwells and 1 gross (.2net) vertical exploratory dry holes. At Two Creek Alberta, recent drilling success has more than doubled production from 175bopd gross (35bopd net) to approximately 350bopd gross (70bopd net). BriAlto and partners have recently received verbal approval from the AEUB for high GOR penalty relief, Concurrent Production and Block Status. As a result of this approval and the leverage gained by drilling success, BriAlto and partners will be flowlining and building facilities to optimize both existing oil production and currently shut-in gas production. By June 1999, BriAlto and partners anticipate Two Creek production of 600boepd gross (120boepd net), including 1.5mmcf/d (300mcf/d net) of gas. At least one vertical exploratory well and two vertical or horizontal development wells are planned for the 1st half of 1999. BriAlto will have a 20% working interest in these wells. At Wordsworth Saskatchewan, drilling success has pushed production from 15bopd (3.5bopd net), to 250bopd (63bopd net). BriAlto and partners anticipate a third horizontal development well will be drilled at Wordsworth before June 1999. BriAlto will have a 25% interest in this well. At Weir Hill Saskatchewan, BriAlto has acquired additional interests in existing production, facilities and land. BriAlto and partners expect to drill up to 2 multi-lateral horizontal wells on this project in the 1st half of 1999. BriAlto will have a 25% working interest in these wells. BriAlto is currently producing 260boepd. With facility construction at Two Creek and additional development drilling at Wordsworth and Weir Hill management is confident of achieving production levels of approximately 350boepd by June of 1999. BriAlto is currently debt-free with $400,000 of cash in the bank and $1.5 million of un-drawn lines of credit.

To: Kerm Yerman who wrote (14903)	1/20/1999 9:21:00 AM
From: Kerm Yerman	Read Replies (11) \| Respond to of 15196

KORNER REPORT / Closing Market Reports Toronto Stock Exchange - Daily Market Summary for Tuesday, January 19, 1999 TSE 300 COMPOSITE INDEX IS DOWN PERCENTAGE CHANGE 0.94% POINTS CHANGE 63.92 VALUE $2,011,474,848.00 TSE 300 INDEX LEVEL 6758.9 TRANSACTIONS 69,763 TRADING VOLUME 104 843 954 ADVANCING ISSUES 462 DECLINING ISSUES 540 UNCHANGED ISSUES 262 THE S+P/TSE 60 INDEX IS DOWN POINTS CHANGE 4.39 S+P/TSE 60 INDEX LEVEL 392.66 TSE 35 INDEX IS DOWN PERCENTAGE CHANGE 1.57% POINTS CHANGE 5.88 TSE 35 INDEX LEVEL 366.57 TSE 100 INDEX IS DOWN PERCENTAGE CHANGE 1.09% TOTAL POINTS CHANGE 4.53 TSE 100 INDEX LEVEL 413.19 1 OF THE SUB-GROUP INDICES ARE HIGHER TRANSPORTATION IS UP 0.17% OR 10.33 TO 5975.3 ACTIVE STOCKS ATI TECHNOLOGIES IS UP $0.45 TO $25.65 RESEARCH IN MOTION IS UP $1.95 TO $14.95 LARGE PRICE CHANGES TELEGLOBE INC. IS UP $5.00 TO $61.00 NORTHERN TELECOM IS DOWN $3.15 TO $84.75 ---------------------------------------------------------------------- Montreal Stock Exchange closing market report (including the early morning session): Trading HEAVY Volume traded: 14.2 million shares Value traded: 213.7 million dollars Indices: XXM close -52.82 3482.12 high 3527.25 low 3465.41 Montreal Exchange most active stocks: CGI (GROUPE) ClA +2.00 36.20 MPACT IMMEDIA +2.15 19.75 BQ NOUV-ECOSSE -0.55 32.70 BIOCEHM PHARMA -0.90 23.05 POCO PETROLEUMS -0.10 11.85 ---------------------------------------------------------------------- The Alberta Stock Exchange Closing Market Report for Tuesday, January 19, 1999 Shares Dollar Issues Traded value Traded Advances Declines Unchanged 10,469,818 14,024,908.00 374 141 118 115 Net Top Five Dollar Value Volume Close Change Trades 8,000,000.00 CANUTILITIES PFD B 320,000 25.000 1 836,583.00 TOTALLY HIP SOFTWARE 654,515 1.300 .220 435 617,290.00 TELEBACKUP SYSTEMS 53,300 11.500 .250 37 613,155.00 NET SHEPHERD INC 382,250 1.610 .210 198 298,834.00 NHP NATURAL HEALTH 494,600 .680 .180 102 Net Top Five Volume Value Close Change Trades 654,515 TOTALLY HIP SOFTWARE 836,583 1.300 .220 435 494,600 NHP NATURAL HEALTH 298,834 .680 .180 102 382,250 NET SHEPHERD INC 613,155 1.610 .210 198 325,500 SAFE ENVIRONMENT ENGI 61,360 .200 .020 20 320,000 CANUTILITIES PFD B 8,000,000 25.000 1 Alberta Stock Exchange Combined Value Index: 1,881.13 Change: 14.15 (x)J-JCP Total Number of Trades: 2,575 ---------------------------------------------------------------------- Vancouver Stock Exchange Closing Market Report for January 19, 1999 Trading was moderate on a volume of 23.9 million shares worth 30.8 million dollars, with 126 advances, 134 declines and 298 issues unchanged. The VSE Composite Indicator closed down 2.82 at 422.22 The VSE Mining Indicator closed down 3.24 at 308.32 Most Active Issues by Volume Volume Name Symbol Close Change 3,194,100 SCS Solars Computing Systems Inc. SCS 0.27 0.09 1,348,500 Uniglobe Travel OnLine Inc. UTO 8.00 -1.00 1,253,500 Conac Software Corporation COT 0.66 0.02 707,235 Winspear Resources Ltd. WSP 3.73 -0.26 642,800 Argentina Gold Corp. ARP 5.10 0.00 ----------------------------------------------------------------------