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

To: Herb Duncan who wrote (15035)	1/27/1999 3:55:00 AM
From: Kerm Yerman	Respond to of 15196

SERVICE SECTOR / International Datashare Enters Into Agreement With Beau Canada CALGARY, ALBERTA--The Company is very pleased to announce that it has entered into a 5 year Agreement with Beau Canada Exploration Ltd. ("Beau") whereby Beau will work with the Company to capitalize on the Company's Intellectual Crystals ("Crystals") initiative. Beau geoscientists will create a series of Beau-specific Crystals which will be applied to the Company's extensive non-confidential image database within certain geographic areas. It is Beau's objective to significantly accelerate the identification and development of bypassed gas reservoirs. The Agreement provides for monthly development fees as well as a gross override on prospects generated using the patent-applied-for technology. This Agreement represents both a validation of the potential of Intellectual Crystals, and a first step in advancing the Company's market position from that of a data provider, where the Company derives revenues from the sale of data and/or software, to that of a strategic Information Management partner where the Company will, in addition to normal revenues, receive a portion of the benefit derived from the application of the non-confidential data and/or software. The Company is pursuing a number of similar type agreements in other geographic areas in order to maximize the value contained within its various non-confidential proprietary databases.

To: Herb Duncan who wrote (15035)	1/27/1999 3:57:00 AM
From: Kerm Yerman	Read Replies (1) \| Respond to of 15196

FIELD ACTIVITIES / Sharpe Resources Plans to Acquire Gulf Coast Production Assets HOUSTON, TEXAS--SHARPE RESOURCES CORPORATION has entered into a letter of intent agreement with one company and expects to complete additional agreements very soon to acquire between 40 percent to 100 percent interest in Gulf Coast oil and gas production and exploration in Texas, Louisiana, and Mississippi which will add approximately 18.6 MMCF of additional daily production for the company. These acquisitions should result in about a 150 percent increase in production from the current 12.2 MMCFPD for a total daily production of approximately 30 MMCFPD and about 150 BOPD. The current monthly revenue should increase from approximately U.S.$600,000/month to about U.S.$1,800,000/month. Additionally, these projects will bring the company's total proved reserves to approximately 50 BCFE (a 3 fold increase) as well as add major upside potential on the order of 200+ BCFE for the U.S. projects if future drilling programs are successful. The acquisitions and capital expenditures are expected to cost between U.S.$10-12 MM and will be financed through bank debt and equity with closings during late February and March, 1999, subject to regulatory approval.