EXHIBIT (a)(14) GULF INDONESIA RESOURCES LIMITED NOTICE OF CANCELLATION AND EXERCISE OF STOCK APPRECIATION RIGHTS NOTICE OF CANCELLATION TO: ALL HOLDERS OF STOCK APPRECIATION RIGHTS ("SARs") Gulf Indonesia Resources Limited ("Gulf Indonesia"), Conoco...Notice of Cancellation and Exercise of Stock Appreciation Rights • July 11th, 2002 • Gulf Indonesia Resources LTD • Crude petroleum & natural gas
Gulf Indonesia Resources Limited ("Gulf Indonesia"), Conoco Canada Resources Limited ("Conoco Canada") and Conoco Inc. ("Conoco") have entered into an agreement, pursuant to which Conoco Canada has agreed to acquire all of the issued and outstanding common shares of Gulf Indonesia (the "Gulf Indonesia Common Shares") not owned by Conoco Canada at a price of U.S.$13.25 per Gulf Indonesia Common Share. On Wednesday, June 12, 2002, formal take-over bid documentation relating to Conoco Canada's offer (the "Offer") was mailed to Gulf Indonesia shareholders and optionholders. The agreement entered into between Gulf Indonesia, Conoco Canada and Conoco in connection with the Offer provides for the acceleration of unvested SARs so that any entitlement under the Leveraged Purchase Plan (the "LPP") becomes fully vested prior to the expiration of the Offer. In addition, the LPP, pursuant to which the SARs have been granted, provides that if there is an offer for Gulf Indonesia Common Shares which,
