Royal Crest loss

Toronto-based Royal Crest Resources (COATS) continues to lose money as it enters the second half of 1990. For the nine months ended May 31, Royal Crest reported a net loss of $4,202 compared with a loss of $13,501 for the same period last year. Royal collected $22,936 by selling oil from its central Alberta wells, compared with $8,784 last year. But revenues were overshadowed by operating and administrative costs from the oil and gas properties and Bennett Lake gold prospect near Rainy River, Ont.006 0600,0206,0300,0008 Royal Crest Resources (COATS) $000s except per-share items 9 months ended May 31 1990 1989 Revenue $23 $9 Net earnings (loss) (4 ) (14)

per share 0.003 0.01004