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Gold/Mining/Energy : KERM'S KORNER
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To: Kerm Yerman who wrote (10076)4/13/1998 8:27:00 PM
From: Herb Duncan   of 15196
 
SERVICE SECTOR / R. Chaney & Partners III L.P. and Thunder Energy
Inc. Announcement

APRIL 13, 1998

CALGARY, ALBERTA--R. Chaney & Partners III L.P. and R. Chaney &
Partners IV L.P. of Houston, Texas announce that as a result of
market purchases on The Toronto Stock Exchange, they have
increased their ownership in Thunder Energy Inc. and now on a
combined basis exercise control and direction over 1,964,400
common shares (12.8 percent) of Thunder Energy Inc. R. Chaney &
Partners, Inc. is the general partner of R. Chaney & Partners III
L.P. and R. Chaney Investments, Inc. is the general partner of R.
Chaney & Partners IV L.P. Robert H. Chaney is the sole
shareholder of both general partners. Both limited partnerships
are U.S. investment funds specializing in emerging energy
technology companies. Although the limited partnerships may make
further purchases of common shares, it is not the current
intention of either limited partnership to acquire control of
Thunder Energy Inc.
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