Canada's finance minister reports plans to cut tax distributions for publicly traded income trusts. The government is proposing a four-year transition period not subject to the new measures until the 2011 taxation year.

Murphy Oil Corp., El Dorado, Ark., (NYSE: MUR) has closed its New Orleans office to centralize E&P in Houston.

CanWest Petroleum Corp., Calgary, (Amex: BQI) plans to change its name to Oilsands Quest Inc. and trade under a new symbol.

Breaker Energy Ltd., Calgary, now trades on the Toronto Stock Exchange as WAV.A and WAV.B.

Arawak Energy Corp., Anguilla, British West Indies, plans to trade on the Toronto Stock Exchange.

Irwin Energy Inc., Vancouver, (Pink Sheets: IWNE) plans to change its name to Irwin Resources Inc., and trade on the Pink Sheets as IWRS.

Surge Enterprises, Inc., Vancouver, (OTCBB: SGEI) has changed its name to Southern Star Energy Inc. and will trade on the Bulletin Board as SSEG. It also reports a 7.5-for-one stock split.

Crescende International Inc., Vancouver, (Pink Sheets: CDIT) plans a one-for-100 reverse stock-split on Nov. 1.

EastCoast Energy Corp., Tortola, British Virgin Islands, (Toronto Venture: ECE-A) plans to change its name to The Orca Exploration Group Inc.

Rider Resources Ltd., Calgary, (Toronto: RRZ) plans to consolidate its outstanding shares on a one-for-two basis and change its name to Rider Exploration Ltd.

Core Resources Ltd., Toronto, (formerly Crescende International Inc.) now trades on the Pink Sheets as CRLJ.