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Gold/Mining/Energy : Exall Resources/Glimmer Resources

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To: CLK who wrote (1146)9/22/2000 3:22:46 PM
From: Winzer   of 1319
 
CLK,maybe this is what you're talking about?

Matachewan provides Q2 results

Matachewan Consolidated Mines Ltd
MATN
Shares issued 12,445,025
2000-09-18 close $0.05
Friday Sep 22 2000
Company Review
Mr. R.D. McCloskey reports
Operations
For the six months ended June 30, 2000, the company has recorded net earnings
of $45,122 compared with a net earnings of $365,317 for the same period in
1999. The lower earnings are the result of a non-recurring profit from the sale of
marketable securities in 1999.
Comparative figures
Certain of the 1999 figures presented for comparative purposes have been
reclassified to conform with the current year presentation.
Y2K issue
The Year 2000 issue arises because many computerized systems use two digits
rather than four to identify a year. Date-sensitive systems may recognize the year
2000 as 1900 or some other date, resulting in errors when information using 2000
dates is processed. In addition, similar problems may arise in some systems which
use certain dates in 1999 to represent something other than a date. Although the
change in date has occurred and to date the company no difficulties, it is not
possible to conclude that all aspects of the Year 2000 issue that may effect the
company, included those related to customers, suppliers or other third parties,
have been fully resolved.

STATEMENT OF EARNINGS
Six months ended June 30

2000 1999

Income

Royalty/option $3,091 $9,599

Investment 12,097 348,622

Oil and gas operations
(net) 60,688 -
------- -------
75,876 358,221

Expenses

Admin 10,004 37,592

Overhead recoveries - (44,688)

Depletion 20,750 -
------- -------
30,754 (7,096)
------- -------

Earnings before other
expenses $45,122 $365,317
======= =======

(c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com
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