Gauntlet Energy Corp.

Gauntlet Energy Corp., Calgary, has retained Griffiths McBurney & Partners to review strategic alternatives for the company. Gauntlet's Northern Canadian total proven reserves are approximately 8.3 billion cubic feet of gas and proven plus probable reserves are 15.9 billion cubic feet of gas. Proven reserves in central Alberta are approximately 24.4 billion cubic feet of gas and 800,000 barrels of liquids.