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CHANCELLOR ANNOUNCES UNAUDITED FINANCIAL RESULTS.


CALGARY Calgary (kăl`gərē), city (1991 pop. 710,677), S Alta., Canada, at the confluence of the Bow and Elbow rivers. The largest city in Alberta and the fastest-growing major city in Canada, Calgary is a corporate, transportation, and financial , ALBERTA--(BUSINESS WIRE)--MARCH 14, 1995--CHANCELLOR ENERGY RES (Alberta Stock Exchange Alberta Stock Exchange

See Canadian Venture Exchange (CDNX).
:CHC CHC Chicago Cubs
CHC Community Health Center
CHC Chestnut Hill College (Philadelphia, Pennsylvania)
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)--Chancellor Energy Resources Inc. announces unaudited results for the year ended Dec. 31, 1994.

-0-
                                      1994         1993
                                     ------       ------


Oil & gas revenue (000's)          $24,371        $13,304


Funds from operations (000's)      $14,057        $ 7,936
  - per share                      $  0.34        $  0.21


Net income (000's)                 $ 2,978        $ 2,423
  - per share                      $  0.07        $  0.06


Production
  Natural gas (mmcf/d)                30.4           17.2
  Oil & liquids (bbls/d)               563            288






CONTACT: T. J. MacKay Mackay (məkī`), city (1991 pop. 40,250), Queensland, NE Australia on the Pioneer River. A port city, Mackay exports sugar, beef, and coal.  or Doug Baker, 403/233-8426

403/265-6032 (FAX)
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Copyright 1995, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 14, 1995
Words:92
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