RESULTS  OF  1997 JUNE 25                         
PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS                         
                         
	DEVELOPMENT              		ACCEPTED  PRICE/
	LEASE     PURCHASER      		OFFER     HA
                         
COLD LAKE OIL SANDS AREA                
OS   767  CANADIAN NATURAL RESOURCES LIMITED      	$28,945.92     $113.07
OS   768  ELAN ENERGY INC.         			$15,559.68     $60.78
OS   769  SEATON-JORDAN & ASSOCIATES LTD.         	$209,295.36    $817.56
OS   770  NORCEN ENERGY RESOURCES LIMITED         	$72,491.52     $283.17
OS   771  CANADIAN NATURAL RESOURCES LIMITED      	$33,948.16     $132.61
OS   772  MAXX PETROLEUM LTD.      			$77,653.00     $303.33

ATHABASCA  OIL SANDS AREA                    

OS   773  MAVERICK LAND CONSULTANTS          		$243,558.40    $237.85
OS   774  FOUR WEST LAND CONSULTANTS LTD.         	$336,693.76    $404.68
OS   775  ANTELOPE LAND SERVICES LTD.        		$81,043.20     $63.32
OS   776  PETROLAND SERVICES (1986) LTD.          	$488,488.88    $212.02
OS   777  ANTELOPE LAND SERVICES LTD.        		$980,500.00    $383.01
OS   778  SCOTT LAND & LEASE LTD.       		$71,680.00     $35.00
OS   779  SCOTT LAND & LEASE LTD.       		$71,680.00     $35.00
 
              TOTAL BONUSES: 				$2,711,537.88  $198.91
               TOTAL HECTARES:     			13,632.000     ha