RESULTS  OF  1998 JANUARY 07						
		PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS						
						
DEVELOPMENT					   ACCEPTED	PRICE/	
LEASE		PURCHASER			   OFFER		HA	
						
	COLD LAKE OIL SANDS AREA	
				
OS   973	ANDERSON RESOURCES LTD.		   $26,613.76	$103.96	

OS   974	ANDERSON RESOURCES LTD.		    $5,324.01	 $52.87	


	ATHABASCA  OIL SANDS AREA	
				
OS   975	NO OFFERS		
		
OS   976	PETRO-CANADA OIL AND GAS	  $352,442.88	$458.91	

						
			TOTAL BONUSES:	   	  $384,380.65	$341.76	
						
				TOTAL HECTARES:	     1,124.696	ha	
						
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						   ACCEPTED	PRICE/	
PERMIT		PURCHASER			   OFFER		HA	
									
	ATHABASCA OIL SANDS AREA	
				
OS   068	SCOTT LAND & LEASE LTD.		  $913,920.00	$510.00	

OS   069	PETRO-CANADA OIL & GAS	66.67%	  $506,419.20	 $70.65	
		CANADIAN OCCIDENTAL     33.33%	
		      PETROLEUM LTD.		
	
			TOTAL BONUSES:		$1,420,339.20	$158.52	
						
				TOTAL HECTARES:	     8,960.000	ha	
					
						
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GRAND TOTAL OF DEVELOPMENT LEASES AND PERMITS  $1,804,719.85	$178.96	
						
				TOTAL HECTARES	    10,084.696  ha