DALTON RESOURCES LTD.
Consolidated Statement of Loss & Deficit (Unaudited)
FOR THIRD QUARTER ENDING
Sept. 30, 1998 Oct. 31, 1997
REVENUE
Petroleum and natural gas sales,
less royalties 328,518 $304,545
Processing Income 56,758 99,258
Alberta Tax Royalty
Tax Credit, arrears 39,257 -
Other Income 29,512 33,588
454,045 437,391
EXPENSES
Operating 165,979 150,128
General and administrative 199,881 268,629
Depreciation, depletion
and amortization 194,097 201,254
559,957 620,011
LOSS BEFORE THE FOLLOWING (105,912) (182,620)
Non-controlling interest in
net income of subsidiary (19,115) (25,628)
LOSS FOR THE PERIOD (125,027) (208,248)
DEFICIT, BEGINNING OF PERIOD $ (544,277) $ (307,751)
DEFICIT, END OF PERIOD $ (669,304) $ (515,999)
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