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NCE Energy Assets -- 1996 -- Fund Files A Preliminary Prospectus For $100 Million.

TORONTO, Canada--(BUSINESS WIRE)--June 6, 1996--NCE RESOURCES GROUP (TSE: NCF.UN) John F. Driscoll, President of NCE Energy Assets (96) Management Corp., the General Partner of NCE Energy Assets (1996) Fund (the "Fund") is pleased to announce the filing of a preliminary prospectus in all of the provinces and territories of Canada other than Alberta, for the Fund to raise $100 million.

The Fund is a limited partnership established to provide investors with the opportunity to earn income from oil and gas production from conventional oil and gas properties located in Western Canada.

The Fund's investment objectives are to enable Unitholders to:

a:) acquire a long-term source of oil and natural gas income through quarterly distributions of net cashflow of the Fund; and

b:) benefit from the ability to deduct from income for tax purposes expenditures which qualify as Canadian Development Expenses, Canadian Exploration Expenses, or Canadian Oil and Gas Property Expenses and Expenses Of Issue

c:) obtain Alberta Royalty Tax Credits.

CONTACT: NCE Resources Group

Monica V. Lapkoff, 416/364-8788

800/563-4623

416/364-5615 (Fax)
COPYRIGHT 1996 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1996, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 6, 1996
Words:177
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