RESULTS  OF  1997 OCTOBER 29
              PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS


DEVELOPMENT                                    	      ACCEPTED    PRICE/
LEASE             PURCHASER                            OFFER       HA

    COLD LAKE OIL SANDS AREA 

OS  878       NUMAC ENERGY INC.                    $68,730.88        $268.48

OS  879       MAXX PETROLEUM LTD.                  $34,132.00        $133.33

OS  880       CAVALIER LAND LTD.                  $146,226.56        $571.20

OS  881       CAVALIER LAND LTD.                   $18,013.44         $70.37

OS  882       SCOTT LAND & LEASE LTD.              $69,623.04        $271.97

    PEACE RIVER OIL SANDS AREA
                                    
OS  883       PETROLAND SERVICES (1986) LTD.      $221,877.66         $66.67

OS  884       CANADIAN COASTAL RESOURCES LTD.     $817,664.00        $319.40

OS  885       CHARTER LAND SERVICES LTD.        $1,357,825.00        $442.00

    ATHABASCA  OIL SANDS AREA 
                               
OS  886       MAVERICK LAND CONSULTANTS (87) INC.  $81,223.68         $52.88
						-------------	     -------
                         TOTAL BONUSES:         $2,815,316.26        $239.07

                         TOTAL HECTARES:               11,776.000              ha