RESULTS  OF  1997 MAY 28                     
		PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS                         
                         
DEVELOPMENT              				ACCEPTED        PRICE
LEASE			     PURCHASER				  OFFER  		/HA
                         
     			COLD LAKE OIL SANDS AREA     
           
OS   751  CANADIAN NATURAL RESOURCES LIMITED	 	 $ 8,358.40     $ 32.65
OS   752  I-XL RESOURCES LTD.      			$153,856.00     $601.00
OS   753  PANCANADIAN PETROLEUM LIMITED 	    	 $84,050.83   $2,281.51
OS   754  ANTELOPE LAND SERVICES LTD.  		      	$240,462.08   $1,878.61

     			ATHABASCA  OIL SANDS AREA       
             
OS   755  PIONEER LAND SERVICES LTD.          	     $15,354,746.00   $2,726.34
OS   756  PIONEER LAND SERVICES LTD.         	     $30,073,190.00   $3,263.15
OS   757  AMBER ENERGY INC.        		      $6,284,574.72   $1,022.88
OS   758  AMBER ENERGY INC.        		        $512,491.52      $58.88
OS   759  CAVALIER LAND LTD.       		     $15,708,300.80   $2,667.85
OS   760  KOCH EXPLORATION CANADA, LTD. 	         $22,526.91       $8.80
OS   761  SCOTT LAND & LEASE LTD.      	                $244,737.79     $106.22

              		 	 TOTAL BONUSES:	     $68,687,295.05   $1,670.21

              		 	TOTAL HECTARES:          41,124.840 ha