A40 - Wednesday, April 4, 1984 - North Shore News NORTH VAN CITY Hearing on trains THE CITY OF North Van- couver will hold a= public meeting about train noise Thursday April 12. The session, scheduled for city council chambers at & discussing continuing noise problems with repre- sentatives of Canadian Na- tional Railway. The meeting will be a continuation of discussions over complaints about noise related to the railway will have aldermen city staff members operation. Earlier, CN told As well as councils in North Vancouver City and District that a planned upgrading of rail yards and capacities on the North Shore will deal with some of the problems now being experienced. inviting members of the public to the meeting, the city is soliciting written briefs for consideration. They must be received by the city clerk no latter than 4:30 p.m. this Friday. NEWS photo Ellsworth Dickson ALINE FERLAND of the North Shore News made Gerry Miller of the North Van Christmas Bureau happy recently with a $650 cheque. The money was raised by the News’ Christmas greetings. 1983. B.C. RESOURCES enjoyed an improved vear in 1983 as it fine-tuned its existing operations and brought three new major projects into production. With 93 per cent of its sales made to international customers, the Company was able to successfully combat poor markets for some of its products and record an operating profit. Overall, 1983 was a year of transition as B.C. Resources continued to build long term value for its shareholders. The Company opened the Greenhills Mine in southeastern B.C., saw the start of oil production from its investment in the South Brae field in the North Sea and completed the expansion to Westshore Terminals at Roberts Bank. south of Van- couver. As planned, debt load began de- creasing in the fourth quarter of 1983. B.C. Resources is now primarily an energy-oriented company, with 81 per cent of its investments in coal and oil and gas. Keturns from these sectors accounted for 58 per cent of total revenues in 1983. The Company ended the vear with earnings of $19.0 million before evtra- ordinary items, an improvement of $57 million over 1982. Total revenues for 1983 increased 23 per cent to $855.9 million from $69-4.4 million the vear be- fore. Total assets grew to $2.4 billion. COAL: Vnew mine and increased producthily make for a profitable ve. Worldwide toa was GQ Very CHP uel Vedat for the coal madustey However Westap Mining s CHOPTS Co cul Cost. WM fitle the re asing producthithy. com bined with the SLOrb ap obits new Greenhills Mine kept thee Coabcompany profitable Westar Mining ended (ne vean witha Hout Dalton lo Be Resouty es of ps bhp ttt. Troms coal and port ope tattons Vn adel Hronol SP roti lom wos dhe rived Fro us: South Pee Oth med eas tate ne ots for oa combined totay of SOS oo rbd WW baad tae pero tds ta be teseenel bee cree Goad Teg he ab cob bs xg cred to PE Bebe Outi Tove Ubbe tpaad ccna be scones w baad Drvetite 1 Poavpatsdorm ob thre We ststrone Decent potlal Robe cts Barak toa Cornpiete Wath Ubee Ctpaee EN bee Petpet ber 2 tbo Lote por veut Weststion as thie Largest Gad booed, fac tin onthe Wert toa 4 RESOURCES OIL AND GAS: Saskatchewan wells hit 98 per cent success rate while South Brae nears peak production. , - 7 In 1983, B.C Resources wholly - 1 owned oi and gas ~ subsidiary drilled a , total of 160 gross wells (144 net) in the rich energy fields of Saskatche- oo -—: walt, HBuring December 1983, Westar Petroleum had 570 producing Wells in Saskatchewan and was the most active driller in that Province last vear Overall. the company achieved a drilling success rate of 98 per cent This vear, the company is increasing its activities in Alberta and British Columbia, as welbas continuing its successful efforts tb Saskalchew ay SUMMARY OF CONSOLIDATED STATEME NE OF EARNINGS Pw TUE VE ARK PND eR OR SERRE RK Cb rH © tH 19H! 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US Jas PtH teh ! bl! bt 4 feb vey Tere nie Taye s Jb dda en OL yaa \ a NUbsvereats tavte te btn ive | A eats ol Sab etbactes ak cy oe) vtt, § biter focapattrages thers on tee boon ON Peoria dere Ue ee 4 Pvehogee PosPriscoeetpene sy cte une eb socetan nt, Nel aecrtuag: thee . terri t * Pol fend SUVEVMEARO) OF CONSOLIDUEG . oc ANGD Sate gd i broey Presa fon ce ast vin al ’ a poetpreree at rh? ee ee ee Cc Cd wey ates ve ‘ vores Vee tthe ant vould thy oa ed Mm, tr! nh Var mad ‘ p> toe von phe ety (oaere ut areata. s Poe cas x ie 1 Vicotage be cute de tet a ee ee OO es oe er peeary biog OS Ce | Pat otaay i Pyne Vee ebebe ot -optane ‘eH od, ‘ee ' 14 mag ee atin th. ave bern y Co ed Vern cee vod cb bbe thee ite WERE De teagre thee te Wty thee cpanebbbe oe vertu CP Cf spterteren Ee cervey ere trac Lerect den ities C coennge ice et ra eS TO TS Ce treet oh ots erp ees ets bebe an te nee teed bang: WNee sboae Nbrcopeag Fotit oct oo ne Voeeetee rb PERU crm me A eee WN Ce Bt be tere da hoe Cr Why. se gent dna ve es ee | See YO ete pees ‘ i ' Vac caenye eee Natievesel ss oad He Lteey e Vis Eww ad tre bes rec tue 1 db Be gee tye Dt Lane (tse ccetar cebbebiats Vobe ebee ae ' ceed (Pye atectlt oe ee er pared Ce pppoe tet Keport to Shareholders Meanwhile Westar Mining s 77 per cent in- vestmentin the South Brae field in the North sea should reach full production in the second quarter of 198-4. The South Brae field will soon be producing at a peak level of 112.000 barrels of oi) and natural gas liquids per day Westar Mining also holds a 77 per cent interest in the North Brae project where design work Nas already begun for develop- ment of the condensates and gas reserves. The combination of peak flow from the South Brae field and modest increases in oil and gas production from Westar Petroleum is expected to double the Company's oil and gas revenues from 1983 to 1984 This will have a positive effect on carnings in 1984 FOREST PRODUCTS: Marketing innovations counter recession in world markets. Of all industries INnBC forest products was the , hardest hit by the | recession At BE Timber cost- cutting efficiencies were applied al every stave of the production process As a cesult) the forest products arm of BC Resources held losses to SU miffion in 1980 a substantial improvement over the veap before Vnumber of new progtatis wert pat iate place Co dnerease product tly. and ex pane Markets: Much cmiphiasts thas been placed on markel diverse ation in the Himber sector WICH enpoved: ST HE Te PEASE S ER DOC pita « Ah Gemand Tov liye EOCHAEQUEes Thane rosulted Wa major penetoation ob British hurope am and bar bastern lomber tidgeked THON UEEEO Hb ww brads birge is abser SPraww tage PONStEVe fesabts Cony hve pulp Ste ce vee dy che pressed markets have taken Chete boll however tne COM Pay DS COPUIIEIE TES ChROttS ab Secuek HOW THAPRKELS for dts product Vhong WHR Cost cutttng: tr tint Sappty ae pReoOcesstaye svstethe md corbhaued HAOVTIOOS Th raphe Clg strategy bv Pirate. is Thebittag as was Ge Go bee tiige a pereotat Miah ing GN WStom Of BS 6 Resour’: +e ee ee eer ee eee TY OY Vise cottee pS \tul ses Tet Phebe der Virb ot reset beens UH EEE Gee Cote abet Neate meted tae Fab. 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