EARNINGS / Doreal Q3 results
DOREAL ENERGY CORPORATION - CONSOLIDATED FINANCIAL
STATEMENTS FOR THIRD QUARTER ENDED SEPTEMBER 30, 1998
VANCOUVER, B.C.--
Doreal is pleased to report the Consolidated Financial Statements
for the Third Quarter ended September 30, 1998.
FINANCIAL HIGHLIGHTS
(Unaudited) (Unaudited)
Sept. 30, 1998 Sept. 30, 1997
------------------------------------
ASSETS
Current Assets $1,778,821 $2,142,514
Oil & Gas Properties 3,741,809 1,934,105
Total Assets $5,520,630 $4,076,619
LIABILITIES
Current Liabilities $30,828 $39,412
Convertible Debentures 679,905 0
Total Liabilities $710,733 $ 39,412
NET WORTH
$4,809,897 $4,034,207
(Unaudited) (Unaudited)
9 Mos. Ended 9 Mos. Ended
Sept. 30, 1998 Sept. 30, 1997
------------------------------------
REVENUE
Interest $29,562 $48,081
Expenses $363,697 $370,855
Loss for Period $(334,134) $(322,774)
Deficit - End of Period $(1,057,695) $(637,885)
On Behalf of the Board of Directors,
("James H. Dorman")
James H. Dorman
President & CEO
For further information, please contact Ian Gallie at
(250) 598-9091.
Doreal's website: dorealenergy.com
The Alberta Stock Exchange has neither approved nor disapproved
the information contained herein. |
