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

To: Kerm Yerman who wrote (14936)	1/20/1999 9:04:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / APF Energy Trust Announces $0.16 Monthly Distribution TSE SYMBOL: AY.UN JANUARY 20, 1999 CALGARY, ALBERTA--APF Energy Trust announced that its next distribution will be $0.16 per trust unit. The distribution will be made on February 15, 1999, to unitholders of record on January 31, 1999. The ex-distribution date will be January 27, 1999. This distribution continues APF's policy of making a basic $0.12 monthly distribution, with an additional payment every third month. APF is a conventional oil and gas royalty trust. Since completing its initial public offering in December 1996, it has declared distributions of $3.63 per unit, among the highest of all royalty and income trusts.

To: Kerm Yerman who wrote (14936)	1/20/1999 9:07:00 PM
From: Herb Duncan	Respond to of 15196

SERVICE SECTOR / Schlumberger Declares Quarterly Dividend NYSE SYMBOL: SLB JANUARY 20, 1999 NEW YORK, NEW YORK--The Board of Directors of Schlumberger Limited has declared a quarterly dividend of 18.75 cents per share on outstanding stock. The dividend is payable April 2, 1999 to stockholders of record on February 24, 1999.

To: Kerm Yerman who wrote (14936)	1/20/1999 9:11:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / NCE Energy Trust Has Filed A Final Prospectus For A Maximum Of $25 Million TSE, ME SYMBOL: NCA.UN JANUARY 20, 1999 TORONTO, ONTARIO-- John F. Driscoll, President of NCE Resources Group, is pleased to announce that NCE Energy Trust has filed a final prospectus with securities commissions and regulatory agencies in all provincial and territorial jurisdictions in Canada. NCE Energy Trust NCE Energy Trust is an income trust established to invest in NCE Energy Corp. The primary focus of NCE Energy Corp. is to acquire oil and gas properties and related assets, primarily through the acquisition of Canadian oil and gas companies. NCE Energy Corp. seeks to acquire undervalued assets, enhance the value of oil and gas reserves, and generate regular cash flow distributions for the Trust's unitholders. Offering The offering is a maximum of 25,000 Note Units, each Note Unit consisting of one $1000 principal amount of 10 percent Promissory Note and 300 Bonus Warrants for total gross proceeds of $25 million. The minimum purchase per investor is three units ($3,000). Promissory notes The promissory notes' investment highlights include the following: - A 10 percent coupon on three-year notes, with interest payable semi-annually; - Each $1,000 Note is convertible into 300 Trust Units at a conversion price of $3.3333 per Trust Unit after August 31, 1999, and until February 28, 2002; - The notes are redeemable through a cash payment or by the issuance of trust units Bonus warrants Each bonus warrant will entitle the holder to purchase one Trust Unit at an exercise price of $3.3333 per Trust Unit at any time prior to 5:00 P.M. (Toronto time) on February 28, 2001. Agent Canaccord Capital Corporation is acting as agent in connection with the offering. NCE Resources Group NCE Energy Trust is a member of NCE Resources Group. NCE Resources Group was formed in 1984 as an oil and gas investment management organization and it has over $850 million in investor capital under administration. NCE investment funds have interests in over 5,000 wells. NCE employs approximately 130 people in the areas of engineering, land management, marketing, geology, accounting, finance and investor relations. It provides a full range of technical, operational, administrative and investor services.

To: Kerm Yerman who wrote (14936)	1/20/1999 9:12:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / NCE Energy Trust Has Filed A Final Prospectus For A Maximum Of $25 Million TSE, ME SYMBOL: NCA.UN JANUARY 20, 1999 TORONTO, ONTARIO-- John F. Driscoll, President of NCE Resources Group, is pleased to announce that NCE Energy Trust has filed a final prospectus with securities commissions and regulatory agencies in all provincial and territorial jurisdictions in Canada. NCE Energy Trust NCE Energy Trust is an income trust established to invest in NCE Energy Corp. The primary focus of NCE Energy Corp. is to acquire oil and gas properties and related assets, primarily through the acquisition of Canadian oil and gas companies. NCE Energy Corp. seeks to acquire undervalued assets, enhance the value of oil and gas reserves, and generate regular cash flow distributions for the Trust's unitholders. Offering The offering is a maximum of 25,000 Note Units, each Note Unit consisting of one $1000 principal amount of 10 percent Promissory Note and 300 Bonus Warrants for total gross proceeds of $25 million. The minimum purchase per investor is three units ($3,000). Promissory notes The promissory notes' investment highlights include the following: - A 10 percent coupon on three-year notes, with interest payable semi-annually; - Each $1,000 Note is convertible into 300 Trust Units at a conversion price of $3.3333 per Trust Unit after August 31, 1999, and until February 28, 2002; - The notes are redeemable through a cash payment or by the issuance of trust units Bonus warrants Each bonus warrant will entitle the holder to purchase one Trust Unit at an exercise price of $3.3333 per Trust Unit at any time prior to 5:00 P.M. (Toronto time) on February 28, 2001. Agent Canaccord Capital Corporation is acting as agent in connection with the offering. NCE Resources Group NCE Energy Trust is a member of NCE Resources Group. NCE Resources Group was formed in 1984 as an oil and gas investment management organization and it has over $850 million in investor capital under administration. NCE investment funds have interests in over 5,000 wells. NCE employs approximately 130 people in the areas of engineering, land management, marketing, geology, accounting, finance and investor relations. It provides a full range of technical, operational, administrative and investor services.

To: Kerm Yerman who wrote (14936)	1/20/1999 9:14:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / January Distribution for NCE Energy Trust TSE/ME (NCA.UN) Five Cents ($0.05) Per Unit TSE, ME SYMBOL: NCA.UN JANUARY 20, 1999 TORONTO ONTARIO-- John Driscoll, President of NCE Resources Group, has announced the distribution for the month of January, 1999, for NCE Energy Trust. NCE Energy Trust NCE Energy Trust is an income trust designed to acquire oil and gas properties primarily through the acquisition of oil and gas companies. The resulting cash flow from these properties flows back to the unitholders on a tax-deferred basis. Distribution details The distribution details are: -The distribution for January 1999 is five cents ($0.05) per unit. -The distribution is payable on January 29, 1999, to holders of record on January 19, 1999. -The total value of the January distribution is $165,547. -NCE Energy Trust's distributions are $0.86 per unit during the past 12 months. Price on TSE NCE Energy Trust trades on the Montreal Exchange and The Toronto Stock Exchange. The price for NCE Energy Trust on The Toronto Stock Exchange at the close of the market, January 19, 1999, was $3.30 per unit. NCE Resources Group NCE Energy Trust is a member of NCE Resources Group. NCE Resources Group was formed in 1984 as an oil and gas investment management organization. NCE investment funds have interests in over 5,000 wells. NCE employs approximately 130 people in the areas of engineering, land management, marketing, geology, accounting, finance and investor relations. It provides a full range of technical, operational, administrative and investor services.

To: Kerm Yerman who wrote (14936)	1/20/1999 9:16:00 PM
From: Herb Duncan	Respond to of 15196

ENERGY TRUSTS / Maximum Energy Trust Monthly Distribution Update TSE SYMBOL: MXT.UN JANUARY 20, 1999 CALGARY, ALBERTA-- NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Maximum Energy Trust announces that its board of directors has approved a suspension of monthly unitholder distributions until further notice to better enable Maximum Energy Trust to endure the negative effects of the current low crude oil price. This decision resulted primarily from management's estimate that operations will produce nominal distributable income at crude oil prices of U.S.$12 per barrel. When crude oil prices recover, the Trust's first priorities will be to use available cash to lower the Trust's debt to more manageable levels and to undertake capital programs that may be required, from time to time, to maintain the integrity and financial value of the Trust's asset base. Decisions regarding future unitholder distributions will be made in the context of the level of cash available for distribution and the foregoing priorities. Maximum has recently renewed its credit facility agreement and is currently not required to make any repayments of principal thereunder. However, the terms of such facility will be reviewed in the context of Maximum's independent engineering report as at December 31, 1998 that is currently being prepared. Based on 1998 production and the current outlook for future crude oil prices, management anticipates that the net present value of the Trust's reserves will be reduced from December 31, 1997 value, which in turn may have a negative impact on the level of the Trust's borrowing base. Glenn C. Proudfoot, President & C.E.O., stated that, "In these times of sustained low crude oil prices and uncertain financial markets, prudence dictates that we take proactive steps to ensure that Maximum survives to enjoy the benefits of any return to more historic crude oil price levels. We will continue to manage our business with vigilant cost controls and minimal discretionary capital expenditures." Maximum Energy Trust trades on the T.S.E. under the symbol MXT.UN MAXIMUM HOLDINGS TRUST operates on behalf of MAXIMUM ENERGY TRUST, a royalty trust trading on the TSE under MXT.UN