Equity Company Exchange / Symbol Headquarters Amount Comments The Williams Cos. Inc. (NYSE: WMB) Tulsa US$1.37 billion Has priced its secondary offering at $36.13 per share for $1.2 billion and underwriters have purchased additional 4.95 million common shares under the overallotment option for a total of 38 million shares. The offering was increased from its initial size of 30 million shares due to investor demand. Proceeds will be used to expand Williams' capacity to fund its energy-related capital program and to pay commercial paper and other short-term debt. Lehman Brothers and Merrill Lynch & Co. were joint lead and book-running managers. Credit Suisse First Boston Corp. was joint lead manager. Bank of America Securities LLC, CIBC World Markets Corp., Goldman, Sachs & Co. and UBS Warburg LLC were comanagers. Oil States International Inc. (to be NYSE: OIS) Houston Up to US$185 million Has increased the number of shares it plans in its pending IPO to 14.6 million, from 10.3 million, and lowered the price range it expects to $11 to $13 each. Lead underwriters are Merrill Lynch & Co. and Credit Suisse First Boston. Co-underwriter is Simmons & Co. International. Proceeds will be used to cancel $103 million of preferred stock and subordinated debt; upgrade facilities and to expand products and services; buy-out nonaccredited shareholders; and buy-out individuals' preemptive stock purchase rights. Torch Offshore Inc. NA Gretna, La. Up to US$86 million Has filed an IPO with the SEC. The lead underwriter is UBS Warburg. Comanagers are CIBC World Markets and Howard Weil. Of the proceeds, $8 million will go toward an equity investment to build the vessel Midnight Warrior; $12 million to provide a portion of the interim construction financing for the Midnight Warrior; $33 million to pay debt; and $5 million for construction of a reel base shore facility and equipment upgrades. TransAtlantic Petroleum Corp. (Toronto: TNP) Calgary Up to US$50 million Plans to privately place units including one common share at US$1.00 each. TransAtlantic will pay a 10% fee and will issue 4 million warrants. Protium Energy Group will arrange subscriptions for US$40 million. Western Oil Sands Inc. (Toronto: WTO) Calgary C$60 million Plans for an underwritten IPO of 4 million class A common shares at C$15 each. Griffiths McBurney & Partners and Goepel McDermid Inc. were given an underwriters overallotment option to purchase up to 600,000 common shares at C$15 each for an additional C$9 million. Closing was expected by Dec. 21, 2000. Proceeds will help fund the 20% interest in Lease 13. Newpark Resources Inc. (NYSE: NR) Metairie, La. US$30 million Has privately placed a newly designated class of preferred stock that bear interest at a 4.5% dividend. The shares are convertible into common stock, subject to a maximum conversion of $11.21. Fletcher International Ltd. purchased the securities. Gulf Canada Resources Ltd. (NYSE: GOU) Calgary US$300 million Has issued 10-year senior unsecured notes at an interest rate of 7.17%. Proceeds will fund the redemption of existing 9.25% 2004 subordinated debt which will save Gulf approximately C$10 million a year. Coleads were Salomon Smith Barney Inc. and Goldman, Sachs & Co. The comanagers were Merrill Lynch & Co., BMO Nesbitt Burns, Banc of America Securities LLC and ABN Amro Inc. Alberta Energy Co. Ltd. (Toronto: AOG) Calgary C$200 million Has sold unsecured subordinated debt bearing interest at 8.50% per annum, payable semiannually and having a term of 40 years, through a group of underwriters led by RBC Dominion Securities Inc. and Merrill Lynch Canada Inc. Proceeds will pay commercial paper. Encal Energy Ltd. (NYSE: ECA) Calgary US$50 million Has privately placed senior 10-year unsecured notes yielding 8.06% with Prudential Capital Group. The notes are payable in equal annual payments of US$10 million beginning December 2006. The deal allows Encal to term-out a portion of its core debt. PetroQuest Energy Inc. (Nasdaq: PQUE) Lafayette, La. US$50 million Has entered into a multiyear credit facility with Hibernia National Bank, of which $6 million was advanced for commercial-bank debt reduction. The credit facility has an initial borrowing base of $15.62 million. Hvide Marine Inc. (OTC BB: HVDM) Fort Lauderdale, Fla. US$40 million The obligation to pay a term loan debt by year-end 2001 has been eliminated. Ultra Petroleum (Amex: UPL) Houston US$28 million Has increased its borrowing base with Bank One Texas NA 55% to $28 million from $18 million, based on the results of the 2000 drilling program. Royale Energy Inc. (Nasdaq: ROYL) San Diego US$15 million With BankOne, has extended and replaced its existing agreement with another bank. The initial borrowing base was set at 44% above the existing facility. Goodrich Petroleum Corp. (NYSE: GDP) Houston Up to US$15 million Plans to publicly offer 2.5- to 3 million shares of common stock, itself, and has canceled plans for an underwritten public offering of up to 4.5 million shares. The company's underwriter reported demand more than sufficient to complete the offering but at pricing terms which the company believes are an unacceptable discount to the current market price.The canceled underwritten offering's manager was Jefferies & Co. Inc. Seventh Energy (Canadian Venture: SEV.B) Calgary C$13 million Has privately placed 2.4 million flow-through class A shares at C$0.55 each. Jennings Capital Inc. was agent. Proceeds will increase Seventh's 2001 capital budget to C$10 million and will fund drilling. Magin Energy Inc. (Toronto: MGY) Calgary C$10 million Has privately placed 2.5 million flow-through common shares at C$4 each. Griffiths McBurney & Partners was agent. Ventus Energy Ltd. (Toronto: VTU) Calgary C$9.5 million Plans to privately place 1 million flow-through common shares at C$9.50 each. Proceeds will be held in escrow until closing, which is expected mid-January. NCE Flow-Through (2000-2) LP (Toronto: ELK) Toronto C$9.3 million Has issued 370,345 units at C$25.00 each. The total offering raised C$16.7 million. Canaccord Capital Corp., Dundee Securities Corp., Goepel McDermid Inc. and Yorkton Securities Inc. were agents. Elk Point Resources Inc. (Toronto: ELK) Calgary C$7 million Has privately placed 1.4 million flow-through common shares at C$5.00 each. Dundee Securities Corp., CIBC World Markets Inc. and Haywood Securities Inc. were agents. Energy Search Inc. (Nasdaq: EGAS) Knoxville, Tenn. US$4.7 million Has privately placed 850,000 shares of 9% redeemable convertible preferred stock. Proceeds will fund the acceleration of drilling and the expansion of field facilities. The preferred shares are convertible on a share for share basis to common stock. Vermilion Resources Ltd. (Toronto: VRM) Calgary C$5.3 million Has privately placed 500,000 flow-through common shares at C$10.75 each. Salman Partners Inc. was agent. Proceeds will fund the expansion of exploration activities. Corridor Resources Inc. (Canadian Venture: CDH) Halifax, Nova Scotia C$5.1 million Has sold 4 million flow-through shares at C$1.10 each. Proceeds will fund exploration seismic and drilling in the Sussex area of southeast New Brunswick. Also, Corridor issued 700,000 common shares at C$1.00 each. StephenAvenue Securities Inc. was the agent. Richland Petroleum (Toronto: RLP) Calgary C$5 million Has issued 1 million flow-through common shares. The offering was completed through a syndicate of underwriters led by Griffiths McBurney & Partners. Touchstone Resources Ltd. (Canadian Venture: TUT) Vancouver C$5 million Has privately placed 4 million units of one share and a half-share purchase warrant, entitling the purchase of one common share at C$1.75 each, at C$1.25 per unit. Yorkton Securities Inc. was agent. Proceeds will fund drilling and development costs in Texas and Louisiana. True Energy Inc. (Canadian Venture: TUI) Calgary C$5 million Plans to privately place 4.2 million special warrants, entitling the acquisition of one common share, at C$1.20 each. The offering will be led by FirstEnergy Capital Corp. and includes Peters & Co. Ltd. Proceeds will be placed in escrow and released when True pays for the class A and B Marengo Exploration shares. Benson Petroleum Ltd. (Toronto: BEN) Calgary C$4.9 million Has privately placed 2 million flow-through common shares at C$2.45 each. Proceeds will fund ongoing exploration projects through fiscal 2001. Peters & Co. Ltd. was lead agent with participation from Haywood Securities Inc. BelAir Energy Corp. (Toronto: BEC) Calgary C$4.5 million Has privately placed 1.5 million flow-through shares and 734,000 common share purchase warrants, entitling the acquisition of one common share at C$3.00 by Dec. 22, 2001. Goepel McDermid Inc. was agent with CIBC Wood Gundy as part of the selling group. The offering was oversubscribed. Proceeds will fund an accelerated drilling program targeting gas in Doris, Crossfield, Flood and Pluvius in northwestern Alberta. Indusmin Energy Corp. (Canadian Venture: IDM) Houston US$3.75 million Plans to privately place 1.5 million special warrants entitling the purchase of one unit of one common share and a half share purchase warrant, with one whole share purchase warrant entitling the purchase of an additional common share at $3.00 each, at $2.50 each. Westlinks Resources Ltd. (Nasdaq: WLKS) Calgary C$4.5 million Has offered 1 million units of one common share and one share purchase warrant exercisable for six months at US$4.50 each, for US$4.55 per unit. Underwriters, Spencer Edwards Inc. and Prima Terra Capital, can acquire up 150,000 units to cover overallotments. Proceeds will fund 2001 acquisition and drilling. Kicking Horse Resources Ltd. (Canadian Venture: KHL) Calgary C$3.2 million Has privately placed C$2.5 million in flow-through common shares at C$0.25 each and C$700,000 in common shares at C$0.20 each. Ballantrae Capital Corp. was fiscal agent. Devlan Exploration Inc. (Canadian Venture: DXI) Calgary C$3.1 million Has privately placed 1.7 million flow-through common shares. Proceeds will fund exploration expenses in Alberta and the Northwest Territories. Energy North Inc. (Canadian Venture: ENI) Calgary C$3.1 million Has privately placed 5.8 million flow-through common shares. Proceeds will fund development and exploration expenses. Octagon Capital Corp. and National Bank Financial Inc. were agents. Centurion Energy International Inc. (Toronto: CUX) Calgary C$3 million Has privately placed 3 million units of one common share and a half transferable common share purchase warrant, entitling the purchase of an additional common share at C$1.20 each for three years, at C$0.88 each. Jennings Capital Inc. was agent. Proceeds will fund the acceleration of exploration and development in Tunisia and Egypt. Roseland Resources Ltd. (Canadian Venture: ROS) Calgary C$3 million Has issued of 5 million flow-through shares at C$0.60 each. Proceeds will fund exploration and development activities. Roseland has authorized an additional private placement of up to 381,000 flow-through common shares to employees and officers at C$0.60 each. Sterling Resources Ltd. (Canadian Venture: SLG) Calgary C$2.6 million Has privately placed 4.3 million units of one common share and 0.4 common share purchase warrant, entitling the purchase of an additional Sterling common share for two years at C$0.75 each, at C$0.60 each. Sterling paid approximately $62,000 in commissions and issued 103,956 broker warrants exercisable during the next two years at C$0.90 each. Subscribers included investors in Europe and Canada. Proceeds will fund work programs. Redwood Energy Ltd. (Canadian Venture: RWD) Calgary C$2.5 million Has issued common shares to fund the Garran Oil Ltd. acquisition. Canadian Superior Energy Inc. (Canadian Venture: SNG) Calgary C$2 million Has offered 2 million flow-through shares at C$1.00 each. Proceeds will fund exploration activities in western Canada and offshore Nova Scotia. Canadian Blackhawk Energy Inc. (Canadian Venture: CBZ) Calgary C$1.5 million Plans to privately place up to 7.5 million flow-through special warrants at C$0.20 each. Proceeds will fund operations at Aden, Crossfield, Bulwark, Nelson and Rycroft, Alberta. Sentron Capital Group Inc. is agent. Raptor Capital Corp. (Canadian Venture: RCP) Calgary C$1.2 million Has privately placed 1,200 units of 5,000 flow-through common shares at C$0.20 each, for C$1,000 each. Rogers & Partners Securities Inc. was agent for the offering. Proceeds will fund the exploration and development at Norris, Clay and Pembina, Alberta. Zapata Energy Corp. (Canadian Venture: ZCO) Calgary C$1.2 million Has placed 775,000 flow-through common shares at C$1.50 each. The proceeds will be used for development and exploration. Octagon Capital Corp. was agent. Endeavour Resources Inc. (Canadian Venture: ERU) Calgary C$1.1 million Plans to offer 3.75 million special warrants entitling the purchase of one flow-through common share and one common share purchase warrant at C$0.30 each. The warrant also entitles the purchase of an additional common share at C$0.50 until June 14, 2002. Liberty Oil & Gas Ltd. (Vancouver: LBR) Toronto C$1.1 million Has privately placed 1.1 million flow-through common shares at C$1.00 each. Jennings Capital Inc. was sole agent. Proceeds will supplement Liberty's 2000 exploration and development program. Soho Resources Corp. (Canadian Venture: SOH) Vancouver C$1.1 million Plans to privately place up to 3 million units of one share and a half-share purchase warrant at C$0.35 each with Haywood Securities Inc. as broker. A whole warrant will be exercisable at C$0.45 each. Haywood will be paid 7.5% of the proceeds in cash or shares. Proceeds will fund the pro rata share of Huntford Resources's drilling costs for the second test well of the Quest project, the initial test well of the Sundance prospect, and exploration and leasing costs associated with Quest and Sundance. Sharon Energy Ltd. (Canadian Venture: SHY) Calgary C$1 million Has privately placed 100 units consisting of 22,750 common shares at C$0.22 each and 18,900 flow-through common shares at C$0.27 each, for C$10,000 each. Griffiths McBurney & Partners was financial advisor. Landover Energy Inc. (Canadian Venture: LND) Calgary C$908,000 Has privately placed 1.8 million units of one common share and a half of a warrant, entitling the acquisition of one common share at C$0.75 each, at C$0.50 each. Goepel McDermid Inc. was agent and received C$90,800 and an option to acquire up to 181,600 units at C$0.50 each. Proceeds will fund debt reduction of $560,000 and drilling and completion. Lexxor Energy Inc. (Canadian Venture: LXX) Calgary C$900,000 Plans to privately place 1.3 million class A flow-through shares at C$0.40 each for C$500,000 and 1 million units of one class A flow-through share and a half class A share purchase warrant, entitling the acquisition of one class A share at C$0.60 until June 30, 2002, for $400,000. Proceeds will fund exploration and drilling. K2 Energy Corp. (Toronto: KTO) Calgary C$879,500 Has privately placed 2.2 million common shares at C$0.40 each. Proceeds will fund ongoing exploration expenditures and working capital requirements. Kookaburra Resources Ltd. (Toronto: KOB) Vancouver C$833,000 Plans to privately place 700,000 units of one common share and one nontransferable share purchase warrant at C$1.00 each. Each warrant will entitle the purchase of an additional share for two years at C$1.19. Proceeds will fund an ongoing exploration program. Promax Energy Inc. (Canadian Venture: PMY) Calgary C$800,000 Has privately placed 695,652 flow-through common shares at C$1.15 each. The second closing brings the placement to 5.1 million flow-through common shares at C$1.15 each for C$5.8 million. Salman Partners Inc. was agent and received a C$48,000 commission. Best Pacific Resources Ltd. (Toronto: BPG) Calgary C$668,542 Has privately placed 581,341 flow-through common shares at C$1.15 each. The dealer was paid C$31,725. Proceeds will fund exploration and development expenses in Alberta and Saskatchewan. AltaCanada Energy Corp. (Canadian Venture: ANG) Calgary C$584,500 Has privately placed 2.9 million units of one flow-through common share and a half purchase warrant, entitling the purchase of an additional common share at C$0.30 each, at C$0.20 each. Proceeds will fund a participation and development program in east-central Alberta. Acumen Capital Finance Partners Ltd. was agent and recieved a cash commission and an option to purchase 292,250 AltaCanada units at C$0.20 each. CanBaikal Resources Inc. (Canadian Venture: CBQ) Calgary C$490,600 Has privately placed 1.6 million flow-through common shares at C$0.30 each. CanBaikal chairman R. Lamond, through Humboldt Capital Corp. and Lamond Investments Ltd., purchased 1.5 million of the shares. True Energy Inc. (Canadian Venture: TUI) Calgary C$382,500 Plans to issue 255,000 flow-through common shares at C$1.50 each to incur CEE and qualifying CDE in connection with ongoing activities. Tracer Petroleum Corp. (OTC BB: TCXXF) Calgary US$275,000 Has increased its private placement and repriced to US$0.40 per unit for 687,500 units of one share and one two-year share purchase warrant at US$0.50 in the first year and US$0.65 in the second year. Greentree Gas & Oil Ltd. (Canadian Venture: YGG) London, Ontario C$360,066 Has privately placed 200,037 flow-through common shares at C$1.80 each. Greentree has raised C$2.6 million from a rights offering and private placements in the past two months. Proceeds will fund ongoing exploration and development programs in southwestern Ontario. Peyto Exploration & Development Corp. (Canadian Venture: PEY) Calgary C$230,000 Has privately placed 100,000 flow-through common shares at C$2.30 each. The shares were issued in connection with the bonus payments made pursuant to its fiscal 2000 employee bonus plan. Sawtooth International Resources Inc. (Canadian Venture: SAW) Calgary C$228,500 Has privately placed 721,250 flow-through common shares at C$0.40 each and 721,250 warrants at C$0.45 each. Proceeds will fund exploration and development in Martin Hills, Lessard, Cherhill and Lac St. Anne, Alberta. Wirbac Resources Inc. (Canadian Venture: WIR) Calgary C$210,000 Has privately placed 2.1 million flow-through common shares at C$0.10 each. Proceeds will fund Wirbac's exploration and development program. Antrim Energy Inc. (Canadian Venture: AEN) Calgary C$200,000 Plans to privately place 222,222 common shares at C$0.90 each to Antrim executive vice president Keith Skipper. The subscription price will be paid by way of a secured demand loan made by Antrim to Skipper. Roseland Resources Ltd. (Canadian Venture: ROS) Calgary C$77,000 Has sold broker's warrants for 118,462 common shares at C$0.65 each for up to three years. Proceeds will fund partial payment of a short-term bridge loan. Welwyn Energy Ltd. (Canadian Venture: WYN) Calgary C$24,000 Plans for a nonbrokered private placement of up to 240,000 common shares at C$0.10 each. Vectren Corp. (NYSE: VVC) Evansville, Ind. NR Plans to publicly offer 5.5 million new common shares. Proceeds will fund the acquisition of the gas distribution assets of The Dayton Power and Light Co. and other recent investments. Merrill Lynch & Co. is the lead book-running manager with Credit Suisse First Boston as a co-lead. A. G. Edwards & Sons, Edward Jones & Co. LP and UBS Warburg LLC are comanagers. APF Energy Trust (Toronto: AY) Calgary NR Has filed for a new issue of trust units. The offering is being completed by a syndicate of agents led by Research Capital Corp. and including CIBC World Markets Inc., National Bank Financial Inc., Scotia Capital Inc., Dundee Securities Corp. and HSBC Securities (Canada) Inc. Proceeds will provide flexibility to fund capital expenditures. Debt Gulf Canada Resources Ltd. (NYSE: GOU) Calgary US$300 million Has issued 10-year senior unsecured notes at an interest rate of 7.17%. Proceeds will fund the redemption of existing 9.25% 2004 subordinated debt which will save Gulf approximately C$10 million a year. Coleads were Salomon Smith Barney Inc. and Goldman, Sachs & Co. The comanagers were Merrill Lynch & Co., BMO Nesbitt Burns, Banc of America Securities LLC and ABN Amro Inc. Alberta Energy Co. Ltd. (Toronto: AOG) Calgary C$200 million Has sold unsecured subordinated debt bearing interest at 8.50% per annum, payable semiannually and having a term of 40 years, through a group of underwriters led by RBC Dominion Securities Inc. and Merrill Lynch Canada Inc. Proceeds will pay commercial paper. Encal Energy Ltd. (NYSE: ECA) Calgary US$50 million Has privately placed senior 10-year unsecured notes yielding 8.06% with Prudential Capital Group. The notes are payable in equal annual payments of US$10 million beginning December 2006. The deal allows Encal to term-out a portion of its core debt. PetroQuest Energy Inc. (Nasdaq: PQUE) Lafayette, La. US$50 million Has entered into a multiyear credit facility with Hibernia National Bank, of which $6 million was advanced for commercial-bank debt reduction. The credit facility has an initial borrowing base of $15.62 million. Hvide Marine Inc. (OTC BB: HVDM) Fort Lauderdale, Fla. US$40 million The obligation to pay a term loan debt by year-end 2001 has been eliminated. Ultra Petroleum (Amex: UPL) Houston US$28 million Has increased its borrowing base with Bank One Texas NA 55% to $28 million from $18 million, based on the results of the 2000 drilling program. Royale Energy Inc. (Nasdaq: ROYL) San Diego US$15 million With BankOne, has extended and replaced its existing agreement with another bank. The initial borrowing base was set at 44% above the existing facility. Seven Seas Petroleum Inc. (Amex: SEV) Houston US$10 million Has received a loan from Stillwater National Bank & Trust Co. that is secured by all of the stock of its operating subsidiaries and is guaranteed by Seven Seas chairman and CEO Robert A. Hefner III, who will receive US$50,000 for his guarantee. The loan is at prime plus 0.75%, the interest is payable monthly and the principal is due on Dec. 31, 2001. Proceeds will be used for working capital. Cancoil Integrated Services Inc. (Canadian Venture: CAN) Calgary C$11 million Through the National Bank of Canada, has increased its long-term credit facilities by C$9 million and its operating line of credit from C$1 million to C$3 million. Proceeds, combined with a C$5-million private placement, will fund the construction of eight new Cancoil coiled tubing units and two fully integrated one-load mud systems. Destiny Resource Services Corp. (Toronto: DSC) Calgary C$3.5 million First Reserve Fund VIII LP has advanced Destiny a bridge loan, the proceeds of which are being applied to the payment of accounts. The loan bears interest at 13% per annum, is due June 30 and is secured by a subordinated debenture. Destiny will offer common shares at C$0.28 each for C$4 million to pay the loan. If the proceeds are not sufficient, the unpaid balance will be converted to common shares at C$0.28 each. Redwood Energy Ltd. (Canadian Venture: RWD) Calgary C$2 million Has sold convertible debt to fund the Garran Oil & Gas Ltd. acquisition. Destiny Resource Services Corp. (Toronto: DSC) Calgary C$1.8 million Plans to convert interest under its 8% convertible debenture to common shares at C$0.25 each, through First Reserve Fund VIII LP. Interest accruing due until June 30 will be converted on a monthly basis based on trading prices during the last 10 trading days of each month. Roseland Resources Ltd. (Canadian Venture: ROS) Calgary C$850,000 Has privately placed convertible debt that matures in three years, bear interest at 10% per year, are convertible into common shares of Roseland at C$0.65 each and are secured by a floating charge on all of Roseland's property. Charger Energy Inc. (Canadian Venture: CHC) Calgary C$693,015 Plans to reduce the conversion price its 8% convertible subordinated secured debt from C$0.35 to C$0.10 and to extend the date from Jan. 1 to Feb. 28, 2001.

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