ITEM 9.  DIRECTORS, EXECUTIVE OFFICERS, PROMOTERS AND CONTROL PERSONS



Directors - The Board of Directors of the Company presently consists of five
members.  Each director is elected at the annual meeting of shareholders to
hold office until the next annual meeting of shareholders and until his
successor has been elected and qualified.  The following table sets forth
information concerning the persons currently serving as directors of the
Company.






                                                        Date First
                                      Position With      Elected
             Name              Age     the Company     as Director
       --------------------   ----  ----------------  -------------
       Kenneth W. Campbell     75       Director          1997
       Robert Kamon            77       Director &        1997
                                        Secretary
       William A. Randall      64       Director          1997
       Ely Sakhai              54       Director &        1997
                                        President
       Andre Sakhai            24       Director          2004










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Executive Officers - Unless otherwise specified by the Board, all executive
officers are elected for a term of one year, commencing with the date of the
first meeting of the Board following the annual meeting of shareholders, and
serve until their successors are elected or appointed and qualified, or
until their respective death, resignation, removal or disqualification. All
of the Company's officers are executive officers.  The following table sets
forth certain information with respect to the persons currently serving as
executive officers of the Company.






                                                        Date First
                                      Position With      Elected
             Name              Age     the Company      as Officer
       --------------------   ----  ----------------  -------------
       Robert Kamon            77     Secretary and       1997
                                        Director
       Ely Sakhai              53     President and       1997
                                        Director









In regards to family relations between the officers and directors of the
Company, Ely Sakhai is the father of Andre Sakhai.


Kenneth W. Campbell, Director, is a graduate of the University of Brandon
(Manitoba, Canada).  He is President of Solar Energy Resources, Ltd., a
privately held independent Canadian oil and gas producer.


Robert Kamon, Director and Secretary, is a petroleum-engineering graduate of
the University of Texas at Austin, Texas.  Mr. Kamon has been President of
three NASDAQ listed companies.  He is currently the President of several
private companies - Australian Grazing and Pastoral Co. Pty. Ltd. since
1954, IOLS since 1961, and Tensleep Oil and Production, Inc. since 1989.


William A. Randall, Director, is a graduate of the University of British
Columbia and has an LLB degree from the University of British Columbia.  He
has been a practicing commercial attorney for the last thirty years, and is
currently an associate counsel in the Vancouver firm of McLachlan Brown
Anderson.


Ely Sakhai, Director and President, is a civil engineering graduate of First
New York City Community College in New York.  He has been engaged in the art
gallery business in New York City for the past seventeen years.


Andre Sakhai, Director, attended Arizona State University, which included a
curriculum of financial accounting and microeconomics, as well as money and
banking. Mr. Sakhai is a licensed real estate salesperson in the state of
New York and has other experience in computer functions as well as
experience in all aspects of the financial markets.