RESULTS  OF  1997 MARCH 19                        
PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS                         
                         
DEVELOPMENT                            ACCEPTED  PRICE/
LEASE     PURCHASER                      OFFER     HA
                         
     COLD LAKE OIL SANDS AREA                
OS   709  MCNALLY LAND SERVICES LTD. 	$  540,592.64    $2,111.69
OS   710  MCNALLY LAND SERVICES LTD.    $   83,527.68    $  326.28
OS   711  CHARTER LAND SERVICES LTD.    $  214,241.28    $  836.88
OS   712  CAVALIER LAND LTD.       	$  822,398.08    $1,835.71
OS   713  ELAN ENERGY INC.         	$1,223,331.80    $2,123.84
OS   714  ELAN ENERGY INC.         	$1,400,821.70    $1,367.99
OS   715  CAVALIER LAND LTD.       	$  519,022.08    $2,027.43
OS   716  ELAN ENERGY INC.         	$1,826,296.30    $2,377.99
OS   717  ELAN ENERGY INC.         	$  314,132.48    $  613.54
OS   718  ELAN ENERGY INC.         	$  485,372.16    $  421.33

     ATHABASCA  OIL SANDS AREA                    
OS   719  KOCH EXPLORATION CANADA, LTD. $   20,449.02     $ 20.58
OS   720  KOCH EXPLORATION CANADA, LTD. $   80,739.52     $ 63.08
OS   721  AMBER ENERGY INC.        	$   54,353.92     $ 53.08
OS   722  PARAMOUNT RESOURCES LTD.      $  123,750.00     $120.85

               TOTAL BONUSES: 		$7,709,028.66  	$  784.58

               TOTAL HECTARES:     9,825.720 ha