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

To: Herb Duncan who wrote (10481)	5/3/1998 2:18:00 AM
From: Kerm Yerman	Respond to of 15196

CORP. - SPEC 20 LISTED / 12.8 Mil Shares Of Thunder Energy Held By R. Chaney & Co. R. CHANEY & CO., INC. APRIL 30, 1998 RE: R. Chaney & Partners Increase Ownership in Thunder Energy CALGARY, ALBERTA--As a result of their participation in a private placement of special warrants, R. Chaney & Partners III L.P. and R. Chaney & Partners IV L.P. have increased their collective ownership in Thunder Energy Inc. and now, on a combined basis, exercise control and direction over 1,964,400 common shares (12.8 percent) of Thunder Energy Inc. 1,100,000 special warrants and 775,000 warrants each exercisable into one common share, for an aggregate holding if the special warrants and the warrants are converted, of approximately 22.3 percent of the outstanding shares. Robert II. Chaney is the sole shareholder of each of the general partners for these limited partnerships. Each of the limited partnerships are U.S. investment funds specializing in emerging energy technology companies. Although either limited partnership may make further purchases of Thunder Energy Inc., it is not the current intention of the limited partnerships to acquire control of Thunder Energy Inc.