RESULTS  OF  1999 DECEMBER 15					
PUBLIC  OFFERING  OF  OIL  SANDS  RIGHTS					
					
	DEVELOPMENT				ACCEPTED	PRICE/
	LEASE		PURCHASER		OFFER		HA
					
  ATHABASCA OIL SANDS AREA				
OS 006	ANTELOPE LAND SERVICES LTD.		337,497.60	1,318.35
OS 007	ALLIED LAND SERVICES (1978) LTD.	668,750.00	2,612.30
OS 008	ALLIED LAND SERVICES (1978) LTD.	668,750.00	2,612.30
  PEACE RIVER OIL SANDS AREA				
OS 009	ANTELOPE LAND SERVICES LTD.		164,846.00	  321.96
OS 010	ALTERREN LAND SERVICES LTD.		34,502.00	  134.77
OS 011	BENCHMARK LAND & MINERAL COMPANY LTD.	31,907.84 	  124.64
OS 012	BAYTEX ENERGY LTD.		         1,989.12	    7.77
OS 013	BAYTEX ENERGY LTD.		         1,989.12	    7.77
OS 014	CHARTER LAND SERVICES LTD.		32,765.44   	  127.99
OS 015	MERIDIAN LAND SERVICES (90) LTD.	30,724.00	  120.02
			TOTAL BONUSES:	    $1,973,721.12	 $700.90
					
			TOTAL HECTARES:	        2,816.00 ha
					
						ACCEPTED	PRICE/
	PERMIT					OFFER		HA
			PURCHASER			
					
   ATHABASCA OIL SANDS AREA				
OS  071	MAVERICK LAND CONSULTANTS (87) INC.	$10,185,422.63	$1,326.23
OS  072	CAVALIER LAND LTD.		 	 $5,830,041.60    $632.60
OS  073	CANADIAN COASTAL RESOURCES LTD.		 $7,650,017.28	  $830.08
OS  074	CANADIAN COASTAL RESOURCES LTD.	 	 $1,120,005.12	  $168.27
OS  075	MINERAL CONSULTING SERVICES LTD.	 $9,380,044.80	$1,017.80
OS  076	CHARTER LAND SERVICES LTD.		$12,708,587.52	$1,378.97
				TOTAL BONUSES:	$46,874,118.95	  $915.51
					
				TOTAL HECTARES:	51,200.00 ha
					
GRAND TOTAL OF DEVELOPMENT LEASES & PERMITS:   $48,847,840.07	  $904.32
		        	TOTAL HECTARES:	54,016.00 ha