Doreal Energy Financial Highlights.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--Nov. 4, 1997-- Doreal Energy Corpor(Alberta Stock Exchange Alberta Stock Exchange See Canadian Venture Exchange (CDNX). DOY DOY Diocese of Youngstown (Youngstown, Ohio) DOY day of year (US DoD) DOY Duchess of York ., OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. DEG.CF. ) Doreal is pleased to report the Consolidated Financial Statements Consolidated Financial Statements The combined financial statements of a parent company and its subsidiaries. Notes: Because consolidated financial statements present an aggregated look at the financial position of a parent and its subsidiaries, they enable you to gauge for the Nine Months Ended September 30, 1997.
FINANCIAL HIGHLIGHTS
(Unaudited) (Unaudited)
Sept. 30, 1997 Sept. 30, 1996
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ASSETS
Current Assets $ 2,142,514 $ 1,236,689
Oil & Gas Properties 1,934,105 1,312,771
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Total Assets $ 4,076,619 $ 2,549,460
LIABILITIES
Current Liabilities $ 39,412 $ 51,410
Long Term Liabilities 0 0
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Total Liabilities $ 39,412 $ 51,410
NET WORTH $ 4,037,207 $ 2,498,050
(Unaudited) (Unaudited)
9 Mos. Ended 9 Mos. Ended
Sept. 30, 1997 Sept. 30, 1996
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REVENUE
Interest $ 48,081 $ 14,112
(Loss) Gain on Foreign
Exchange $ (2,814) $ (1,063)
Expenses $ (368,041) $ (238,150)
Loss for Period $ (322,774) $ (225,101)
Deficit - End of Period $ (637,885) $ (241,717)
On Behalf of the Board of Directors, James H. Dorman President & CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. The Alberta Stock Exchange has neither approved nor disapproved the information contained herein. CONTACT: Doreal Energy Corporation Ian Gallie, 250/598-9091 |
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