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Gold/Mining/Energy : KERM'S KORNER -- Ignore unavailable to you. Want to Upgrade?

To: Kerm Yerman who wrote (9875)	4/2/1998 12:03:00 AM
From: Kerm Yerman	Respond to of 15196

EARNINGS / Pacific Tiger Energy Six Months Report PACIFIC TIGER ENERGY INC. - FINANCIAL RESULTS FOR SIX MONTH PERIOD ENDING DEC. 31, 1997 1998-04-01 CALGARY, ALBERTA/MONTREAL Pacific Tiger Energy Inc. is pleased to announce that the company completed in December 97 all the transactions regarding the acquisition of the shares of Monument Resources (Thailand) Inc., Cairn Energy Far East Ltd. and an interest in Wichian Buri Production License from Dragon Far East Limited. The company now owns 90% interest in an operatorship of the SW 1, Na Sanun and Wichian Buri Production license. The transaction had a retroactive effect whereby the effective date was July 1st, 1997. For the six-month period, the company recorded a loss Of $682,462. As it is the first year of operations, no comparative figures are provided. The results are subject to a post completion adjustments clause where a final audit should be completed before year-end. As a result of these acquistions, the liquid assets decreased from $8,176,456 as of June 31, 1997 to $4,353,155. The company is about to enter into a drilling campaign at Wichian Buri and the last quarter of the year looks very encouraging. The Board of Directors wish to take this opportunity to thank all shareholders for their support and confidence.