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Gold/Mining/Energy : KERM'S KORNER

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To: Arnie who wrote (8949)2/10/1998 9:00:00 PM
From: Herb Duncan  Read Replies (1) of 15196
 
FIELD ACTIVITIES / Tanganyika Oil Company: Exercise Date on
February 10,1998 Warrants Extended to September 18, 1998

VSE SYMBOL: TYK

FEBRUARY 10, 1998


VANCOUVER, BRITISH COLUMBIA--Tanganyika Oil Company Ltd. (the
"Company") is pleased to announce that the Vancouver Stock
Exchange has approved the Company's application to extend the
exercise date of certain purchase warrants originally scheduled to
expire on February 10, 1998 until 4:30 p.m. Pacific Time on
September 18, 1998. Each purchase warrant entitles the holder
thereof to purchase one common share of the Company at $4.05 per
share.

ON BEHALF OF THE BOARD

"Mamdouh Nagati", President
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