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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000887396-01-500005.txt : 20010725
<SEC-HEADER>0000887396-01-500005.hdr.sgml : 20010725
ACCESSION NUMBER:		0000887396-01-500005
CONFORMED SUBMISSION TYPE:	8-K/A
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20010605
ITEM INFORMATION:		
ITEM INFORMATION:		
FILED AS OF DATE:		20010724

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AMERICOMM RESOURCES CORP
		CENTRAL INDEX KEY:			0000887396
		STANDARD INDUSTRIAL CLASSIFICATION:	 [9995]
		IRS NUMBER:				731238709
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K/A
		SEC ACT:		
		SEC FILE NUMBER:	000-20193
		FILM NUMBER:		1686794

	BUSINESS ADDRESS:	
		STREET 1:		15 E 5TH STREET
		STREET 2:		SUITE 4000
		CITY:			TULSA
		STATE:			OK
		ZIP:			74103
		BUSINESS PHONE:		9185870096

	MAIL ADDRESS:	
		STREET 1:		15 E 5TH STREET
		STREET 2:		SUITE 4000
		CITY:			TUSLA
		STATE:			OK
		ZIP:			74103

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AMERICOMM CORP
		DATE OF NAME CHANGE:	19930328
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K/A
<SEQUENCE>1
<FILENAME>arec8ka.htm
<TEXT>

<HTML>

<head>
<TITLE>UNITED STATES</TITLE>
</head>

<body>
<b>

<p ALIGN="CENTER">UNITED STATES</p>

<p ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</p>

<p ALIGN="CENTER">Washington, D.C. 20549</p>

<p ALIGN="CENTER">FORM 8-K/A</p>
</b>

<p ALIGN="CENTER">CURRENT REPORT</p>

<p ALIGN="CENTER">PURSUANT TO SECTION 13 OR 15(d)</p>

<p ALIGN="CENTER">OF THE SECURITIES EXCHANGE ACT OF 1934</p>

<p ALIGN="CENTER">Date of Report (Date of earliest event reported): May 29, 2001</p>
<b>

<p ALIGN="CENTER">AMERICOMM RESOURCES CORPORATION</p>
</b>

<p ALIGN="CENTER">(Exact name of registrant as specified in its charter)</p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="813">
  <tr>
    <td WIDTH="163" VALIGN="TOP"></td>
    <td WIDTH="203" VALIGN="TOP"><p ALIGN="CENTER">Delaware</td>
    <td WIDTH="188" VALIGN="TOP"><p ALIGN="CENTER">0-20193</td>
    <td WIDTH="217" VALIGN="TOP"><p ALIGN="CENTER">73-1238709</td>
  </tr>
  <tr>
    <td WIDTH="163" VALIGN="TOP"></td>
    <td WIDTH="203" VALIGN="TOP"><p ALIGN="CENTER">(State or other jurisdiction of
    incorporation)</td>
    <td WIDTH="188" VALIGN="TOP"><p ALIGN="CENTER">(Commission file Number)</td>
    <td WIDTH="217" VALIGN="TOP">(IRS Employer identification No.)</td>
  </tr>
</TABLE>

<p>&nbsp;</p>

<table CELLSPACING="0" BORDER="0" CELLPADDING="7" WIDTH="726">
  <tr>
    <td WIDTH="269" VALIGN="TOP"></td>
    <td WIDTH="247" VALIGN="TOP"><p ALIGN="CENTER">15 E. 5<sup>th</sup> Street, Suite 4000
    Tulsa, OK</td>
    <td WIDTH="168" VALIGN="bottom"><p ALIGN="CENTER">74103-4346</td>
  </tr>
  <tr>
    <td WIDTH="269" VALIGN="TOP"></td>
    <td WIDTH="247" VALIGN="TOP"><p ALIGN="CENTER">(Address of principal executive offices)</td>
    <td WIDTH="168" VALIGN="TOP"><p ALIGN="CENTER">(Zip Code)</td>
  </tr>
</TABLE>

<p align="center">Registrant's telephone number, including area code: (918) 587-8093</p>

<p><a NAME="node2"></a>ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS.</p>

<p ALIGN="JUSTIFY">On May 29, 2001, Americomm Resources (&quot;Americomm&quot;) announced
today that it has acquired Empire Petroleum Corporation (&quot;Empire&quot;), a private
company, which increases Americomm's working interest in the Cheyenne River Wyoming
Prospect to 75%. The acquisition of Empire, which owns a 25% interest in the Cheyenne
River Wyoming Prospect, was accomplished by the issue of 7,492,351 Americomm common shares
or 30.6% of the total 24,476,925 shares now outstanding on a fully diluted basis.</p>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On June 5, 2001, Americomm
filed a Form 8-K disclosing acquisition of Empire. Form 8-K/A filed herewith includes the
financial statements required by Item 7 of Form 8-K. </p>

<p>ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. </p>

<blockquote>
  <p>Financial Statements of Business Acquired.</p>
</blockquote>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Audited financial statements
of Empire Petroleum Corporation for the two-month period ended December 31, 2000 and
unaudited financial statements of Empire Petroleum Corporation for the three month period
ended March 31, 2001 are filed herewith.</p>

<blockquote>
  <p ALIGN="JUSTIFY">Pro Forma Financial Information.</p>
</blockquote>

<p ALIGN="JUSTIFY">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pro forma financial
information of Americomm and Empire are filed herewith.</p>

<p>&nbsp;</p>
<b>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">SIGNATURES</p>
</b>

<p>&nbsp;</p>

<p ALIGN="JUSTIFY">Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized officer.</p>

<p>&nbsp;</p>

<p>Date: July 24, 2001</p>

<p>Americomm Resources Corporation</p>

<p>By:<u> /s/ John P. McGrain</p>
</u>

<p>John P. McGrain</p>

<p>Chief Executive Officer</p>
</body>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>empireaudit.htm
<TEXT>

<HTML>

<head>
<TITLE>Unaudited Financial Statements of</TITLE>
</head>

<body>
<font FACE="Arial" SIZE="2">

<p ALIGN="JUSTIFY">&nbsp;</p>

<blockquote>
  <blockquote>
    <blockquote>
      <blockquote>
        <blockquote>
          <p ALIGN="JUSTIFY">Financial Statements of</p>
          <p ALIGN="JUSTIFY">&nbsp;</p>
          </font><font FACE="Arial" SIZE="5"><b><p>EMPIRE PETROLEUM CORPORATION</p>
          </b></font><font FACE="Arial" SIZE="2"><p ALIGN="JUSTIFY">&nbsp;</p>
          <p ALIGN="JUSTIFY">Year ended December 31, 2000</p>
        </blockquote>
      </blockquote>
    </blockquote>
  </blockquote>
</blockquote>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
</font><font FACE="Arial" SIZE="4"><b>

<p ALIGN="JUSTIFY">Independent Auditors' Report </p>
</b></font><font FACE="Arial" SIZE="2">

<p ALIGN="JUSTIFY">To the Directors of</p>

<p ALIGN="JUSTIFY">Empire Petroleum Corporation:</p>

<p ALIGN="JUSTIFY">&nbsp;</p>

<p ALIGN="JUSTIFY">We have audited the balance sheet of Empire Petroleum Corporation as at
December 31, 2000 and the statements of operations and deficit and cash flows for the two
month period to December 31, 2000. These financial statements are the responsibility of
the corporation&#146;s management. Our responsibility is to express an opinion on these
financial statements based on our audit. </p>

<p ALIGN="JUSTIFY">We conducted our audit in accordance with United States generally
accepted auditing standards. Those standards require that we plan and perform an audit to
obtain reasonable assurance whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audit
provides a reasonable basis for our opinion.</p>

<p ALIGN="JUSTIFY">In our opinion, these financial statements referred to above present
fairly, in all material respects, the financial position of the corporation as at December
31, 2000 and the results of its operations and cash flows for the two month period to
December&nbsp;31, 2000 in confirmity with United States generally accepted accounting
principles.</p>

<p ALIGN="JUSTIFY">(Signed) KPMG LLP</p>

<p ALIGN="JUSTIFY">Chartered Accountants</p>

<p>Calgary, Canada</p>

<p>February 21, 2001</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
</font><font FACE="Arial" SIZE="5"><b>

<p>&nbsp;</p>

<blockquote>
  <p>Empire Petroleum corporation</p>
  </b></font><font FACE="Arial" SIZE="2"><p>Balance Sheet</p>
  <p>As at December 31, 2000</p>
  <p>(United States Dollars)</p>
  </font><table border="0" width="46%">
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="4">Assets</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Current assets:</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">&nbsp; Cash </font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">&nbsp;&nbsp;&nbsp; $ &nbsp;
      465,260</font></td>
    </tr>
    <tr>
      <td width="75%">&nbsp; <font FACE="Arial" SIZE="2">Prepaid drilling costs</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">297,812</font></td>
    </tr>
    <tr>
      <td width="75%">&nbsp; <font FACE="Arial" SIZE="2">Accounts receivable</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">57,453</font></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right" style="border-top: thin solid; border-bottom: thin solid"><font
      FACE="Arial" SIZE="2">820,525</font></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Capital assets, at cost (note 3)</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">147,949</font></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right" style="border-top: thin solid; border-bottom: thin double"><font
      FACE="Arial" SIZE="2">$&nbsp; 968,474</font></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="4">Liabilities and Shareholders&#146; Equity</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Current liabilities:</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%">&nbsp; <font FACE="Arial" SIZE="2">Accounts payable (note 7)</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">$&nbsp; 564,004</font></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Shareholders&#146; equity:</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%">&nbsp; <font FACE="Arial" SIZE="2">Share capital (note 4)</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">410,221</font></td>
    </tr>
    <tr>
      <td width="75%">&nbsp; <font FACE="Arial" SIZE="2">Deficit</font></td>
      <td width="25%" align="right"><font FACE="Arial" SIZE="2">(5,751)</font></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right" style="border-top: thin solid"><font FACE="Arial" SIZE="2">404,470</font></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Commitments (note 6)</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"><font FACE="Arial" SIZE="2">Subsequent event (note 10</font></td>
      <td width="25%" align="right"></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right" style="border-top: thin solid; border-bottom: thin double"><font
      FACE="Arial" SIZE="2">$&nbsp; 968,474</font></td>
    </tr>
    <tr>
      <td width="75%"></td>
      <td width="25%" align="right"></td>
    </tr>
  </TABLE>
  <font FACE="Arial" SIZE="2"><p>See accompanying notes to financial statements.</p>
  <p>&nbsp;</p>
  <p>Approved on behalf of the Board:</p>
  <p>&nbsp;</p>
  <u><p>(Signed) Tom Jacobsen </u>Director</p>
  <p>&nbsp;</p>
  <u><p>(Signed) John McGrain </u>Director</p>
  </font><font FACE="Arial" SIZE="5"><b><p>&nbsp;</p>
  <p>Empire Petroleum corporation</p>
  </b></font><font FACE="Arial" SIZE="2"><p>Statement of Operations and Deficit</p>
  <p>For the two month period to December 31, 2000</p>
  <p>(United States Dollars)</p>
  <p>&nbsp;</p>
  <table border="0" width="45%">
    <tr>
      <td width="73%">General and administrative costs </td>
      <td width="27%" align="right">$&nbsp; 5,751</td>
    </tr>
    <tr>
      <td width="73%">Net loss and deficit for the period</td>
      <td width="27%" align="right" style="border-top: thin solid; border-bottom: thin double">$
      &nbsp; 5,751</td>
    </tr>
  </TABLE>
  <p>&nbsp;</p>
  <p>&nbsp;</p>
  <p>Statement of Cash Flows</p>
  <p>For the two month period to December 31, 2000</p>
  <p>(United States Dollars)</p>
  <table border="0" width="45%" height="370">
    <tr>
      <td width="71%" height="16">Cash provided by (used in):</td>
      <td width="29%" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">Operations:</td>
      <td width="29%" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">&nbsp; Net loss</td>
      <td width="29%" align="right" height="16">$&nbsp; (5,751)</td>
    </tr>
    <tr>
      <td width="71%" height="16">&nbsp; Cash flow from operations</td>
      <td width="29%" align="right" height="16"
      style="border-top: thin solid; border-bottom: thin solid">(5,751)</td>
    </tr>
    <tr>
      <td width="71%" height="16"></td>
      <td width="29%" align="right" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">Financing:</td>
      <td width="29%" align="right" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">&nbsp; Issue of common shares</td>
      <td width="29%" align="right" height="16" style="border-bottom: thin solid">410,221</td>
    </tr>
    <tr>
      <td width="71%" height="16"></td>
      <td width="29%" align="right" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">Investment:</td>
      <td width="29%" align="right" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">&nbsp; Expenditures on capital assets</td>
      <td width="29%" align="right" height="16">(147,949)</td>
    </tr>
    <tr>
      <td width="71%" height="16">&nbsp; Change in non-cash working capital (note 8)</td>
      <td width="29%" align="right" height="16">208,739</td>
    </tr>
    <tr>
      <td width="71%" height="16"></td>
      <td width="29%" align="right" height="16" style="border-top: thin solid">60,790</td>
    </tr>
    <tr>
      <td width="71%" height="16"></td>
      <td width="29%" align="right" height="16"></td>
    </tr>
    <tr>
      <td width="71%" height="16">Change in cash and cash, end of period</td>
      <td width="29%" align="right" height="16"
      style="border-top: thin solid; border-bottom: thin double">$&nbsp; 465,260</td>
    </tr>
    <tr>
      <td width="71%" height="12"></td>
      <td width="29%" align="right" height="12"></td>
    </tr>
  </TABLE>
  <p>See accompanying notes to financial statements.</p>
  <p>&nbsp;</p>
  <p>&nbsp;</p>
  <p>&nbsp;</p>
  </font><font FACE="Arial" SIZE="5"><b><p>&nbsp;</p>
</blockquote>

<blockquote>
  <p>Empire Petroleum corporation</p>
  </b></font><font FACE="Arial" SIZE="2"><p>Notes to Financial Statements</p>
  <p>For the two month period to December 31, 2000</p>
  <p>(United States Dollars)</p>
  <p>&nbsp;</p>
</blockquote>
<b>

<p>1. Incorporation and amalgamation:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">Empire Petroleum Corporation (the &quot;Corporation&quot;) was
  incorporated under the laws of the State of Delaware on December 13, 1996. On November 1,
  2000, the Corporation commenced operations and began drilling and developing oil and gas
  properties in Wyoming. These financial statements are prepared in accordance with United
  States generally accepted accounting standards.</p>
  <p>&nbsp;</p>
</blockquote>
<b>

<p>2. Significant accounting policies:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">(a) Basis of presentation:</p>
  <blockquote>
    <p ALIGN="JUSTIFY">The Corporation&#146;s activities during the two month period to
    December 31, 2000 are related to acquisition of, exploration for and development of
    petroleum and natural gas properties. The Corporation follows the full cost method of
    accounting for petroleum and natural gas operations. The Corporation&#146;s current
    activities are considered to be in the pre-production state. All costs associated with
    such activities have been included as deferred petroleum and natural gas properties as a
    component of capital assets (note 3). The Corporation reviews this investment periodically
    for impairment. The ultimate recovery of the Corporation&#146;s investment is dependent
    upon the discovery of petroleum and natural gas reserves in commercial quantities. All
    deferred costs will be transferred to the Corporation&#146;s single United States cost
    centre when production at commercial levels are attained.</p>
    <p ALIGN="JUSTIFY">Once commercial production is attained, all future costs of exploring
    for and developing petroleum and natural gas properties and related reserves will be
    capitalized into this cost centre. Such costs include those related to lease acquisition,
    geological and geophysical activities, lease rentals on non-producing properties, drilling
    of productive and non-productive wells, tangible production equipment, and that portion of
    general and administrative expenses directly attributable to exploration and development
    activities. Proceeds received from the disposal of properties are normally deducted from
    the full cost pool without recognition of a gain or loss. When a significant portion of
    properties is sold, a gain or loss is recorded and reflected in the statement of earnings.</p>
    <p ALIGN="JUSTIFY">Depletion of petroleum and natural gas properties and depreciation of
    production equipment are calculated using the unit-of-production method based upon
    estimated proved reserves, before royalties, as determined by an independent engineer. For
    purposes of the calculation, natural gas reserves and production are converted to
    equivalent volumes of petroleum based upon relative energy content.</p>
    <b><p>&nbsp;</p>
  </blockquote>
</blockquote>

<p>2. Significant accounting policies:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">(a) Basis of presentation (continued):</p>
  <blockquote>
    <p ALIGN="JUSTIFY">The Corporation annually applies a &quot;ceiling test&quot; wherein the
    carrying value of petroleum and natural gas properties and related facilities, net of
    future or deferred income taxes, is limited to the present value of after-tax future net
    revenue from proven reserves, discounted at 10 percent (based on prices and costs at the
    balance sheet date), plus the lower of cost and fair value of unproven properties.</p>
    <p ALIGN="JUSTIFY">Substantially all of the Corporation&#146;s exploration and development
    activities are conducted jointly with others and, accordingly, the financial statements
    reflect only the Corporation&#146;s proportionate interest in such activities.</p>
  </blockquote>
  <p ALIGN="JUSTIFY">(b) Future site restorations and abandonment costs:</p>
  <blockquote>
    <p ALIGN="JUSTIFY">Once full commercial production is achieved, the Corporation will make
    a provision for future site restoration and abandonment costs, based on the
    unit-of-production method. The provision will be included in depletion, depreciation and
    amortization in the statement of earnings, and recorded as a reduction of capital assets
    on the balance sheet.</p>
  </blockquote>
  <p ALIGN="JUSTIFY">(c) Income taxes:</p>
  <blockquote>
    <p ALIGN="JUSTIFY">Deferred income taxes are determined using the asset and liability
    method. Deferred tax assets and liabilities are recognized for the estimated future tax
    consequences attributable to differences between the financial statement carrying amounts
    of existing assets and liabilities and their respective tax bases. Deferred tax assets and
    liabilities are measured using enacted tax rates in effect for the year in which those
    temporary differences are expected to be recovered or settled. The effect on deferred tax
    assets and liabilities of a change in tax rates is recognized in income in the period that
    includes the enactment date.</p>
    <p ALIGN="JUSTIFY">(d) Measurement uncertainty:</p>
    <p ALIGN="JUSTIFY">The preparation of financial statements in conformity with United
    States generally accepted accounting principles requires management to make estimates and
    assumptions that affect the reported amounts of assets and liabilities at the date of the
    financial statements and expenses for the period reported. Actual results could differ
    from those estimates.</p>
    <p>&nbsp;</p>
  </blockquote>
</blockquote>
<b>

<p>3. Capital assets:</p>
</b>

<p>&nbsp;</p>

<table border="0" width="72%" cellspacing="0" cellpadding="0">
  <tr>
    <td width="49%"></td>
    </font><td width="16%" align="center" valign="bottom" style="border-bottom: thin solid"><font
    FACE="Arial" SIZE="2">Cost</font></td>
    <td width="2%" align="center" valign="bottom"></td>
    <td width="17%" align="center" valign="bottom" style="border-bottom: thin solid"><font
    FACE="Arial" SIZE="2">Accumulated Depletion</font></td>
    <td width="2%" align="center" valign="bottom"></td>
    <td width="18%" align="center" valign="bottom" style="border-bottom: thin solid"><font
    FACE="Arial" SIZE="2">Net BookValue</font></td>
    <font FACE="Arial" SIZE="2">
  </tr>
  <tr>
    <td width="49%">Petroleum and natural gas assets</td>
    <td width="16%" align="right" style="border-bottom: thin double">$&nbsp; 147,949</td>
    <td width="2%" align="right"></td>
    <td width="17%" align="right" style="border-bottom: thin double">$&nbsp; -</td>
    <td width="2%" align="right"></td>
    <td width="18%" align="right" style="border-bottom: thin double">$&nbsp; 147,949</td>
  </tr>
</TABLE>

<blockquote>
  <blockquote>
    <b><p>&nbsp;</p>
  </blockquote>
</blockquote>

<p>4. Share capital:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">(a) Authorized:</p>
  <blockquote>
    <p ALIGN="JUSTIFY">Unlimited number of common shares.</p>
  </blockquote>
  <p ALIGN="JUSTIFY">(b) Issued and outstanding:</p>
  <table border="0" width="62%" height="171">
    <tr>
      <td width="51%" height="16"></td>
      <td width="22%" align="center" height="16" style="border-bottom: thin solid"><p
      align="center">Number of Shares</td>
      <td width="3%" align="center" height="16"></td>
      <td width="25%" align="center" height="16" style="border-bottom: thin solid">Amount</td>
    </tr>
    <tr>
      <td width="51%" height="16">For cash as initial private capital </td>
      <td width="22%" align="right" height="16">279,070</td>
      <td width="3%" align="right" height="16"></td>
      <td width="25%" align="right" height="16">$&nbsp; 410,221</td>
    </tr>
    <tr>
      <td width="51%" height="16">Balance, end of period</td>
      <td width="22%" align="right" height="16"
      style="border-top: thin solid; border-bottom: thin double">279,070</td>
      <td width="3%" align="right" height="16"
      style="border-top: thin solid; border-bottom: thin double"></td>
      <td width="25%" align="right" height="16"
      style="border-top: thin solid; border-bottom: thin double">$&nbsp; 410,221</td>
    </tr>
    <tr>
      <td width="51%" height="11"></td>
      <td width="22%" align="right" height="11"></td>
      <td width="3%" align="right" height="11"></td>
      <td width="25%" align="right" height="11"></td>
    </tr>
    <tr>
      <td width="51%" height="16"></td>
      <td width="22%" align="right" height="16"></td>
      <td width="3%" align="right" height="16"></td>
      <td width="25%" align="right" height="16"></td>
    </tr>
  </TABLE>
</blockquote>
<b>

<p>5. Income taxes:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">The tax effects of temporary differences that give rise to
  significant portions of the deferred tax assets at December 31, 2000 are as follows:</p>
  <table border="0" width="60%">
    <tr>
      <td width="77%">Tax expenses (benefit) computed by applying statutory rate for<br>
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; net operating loss carryforward</td>
      <td width="23%" align="right">$&nbsp; (2,300)</td>
    </tr>
    <tr>
      <td width="77%">Valuation allowance</td>
      <td width="23%" align="right">2,300</td>
    </tr>
    <tr>
      <td width="77%">Net deferred income tax</td>
      <td width="23%" align="right">$</font><font FACE="Symbol" SIZE="2">
      &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</font><font
      FACE="Arial" SIZE="2"> </font></td>
    </tr>
  </TABLE>
  <blockquote>
    <p>&nbsp;</p>
  </blockquote>
</blockquote>
<b>

<p>6. Commitments:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">The Corporation has entered into a Farmout Agreement with Americomm
  Resources Corporation (&quot;Americomm&quot;). Pursuant to this agreement the Corporation
  has committed to drill one well to earn a 50% production interest in 100,000 acres of land
  in the State of Wyoming. The costs to drill and complete the well is estimated at
  approximately $1.9 million of which $0.4 million was incurred at December 31, 2000. The
  Corporation&#146;s share of these costs is approximately 33&nbsp;percent.</p>
  <p>&nbsp;</p>
</blockquote>
<b>

<p>7. Related party transactions:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">Certain shareholders provide exploration and drilling services to
  the Corporation on terms similar to transactions with unrelated parties. During the year,
  $26,400, of which $5,600 is included in accounts payable, of exploration and drilling
  services were charged to the Corporation and their proportionate share is included in
  capital assets.</p>
  <b><p>&nbsp;</p>
</blockquote>

<p>8. Change in non-cash working capital:</p>
</b>

<table border="0" width="51%">
  <tr>
    <td width="75%">Prepaid drilling costs </td>
    <td width="25%" align="right">$ (297,812)</td>
  </tr>
  <tr>
    <td width="75%">Accounts receivable</td>
    <td width="25%" align="right">(57,453)</td>
  </tr>
  <tr>
    <td width="75%">Accounts payable</td>
    <td width="25%" align="right">564,004</td>
  </tr>
  <tr>
    <td width="75%"></td>
    <td width="25%" align="right">$ 208,739</td>
  </tr>
</TABLE>
<b>

<p>&nbsp;</p>

<p>9. Financial instruments:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">The fair values of accounts receivable and accounts payable
  approximate their carrying value due to their short-term nature.</p>
  <p>&nbsp;</p>
</blockquote>
<b>

<p>10. Subsequent event:</p>

<blockquote>
  </b><p ALIGN="JUSTIFY">On January 5, 2001, the Corporation purchased 375,000 common shares
  of Americomm at $0.40 per share for total consideration of $150,000, pursuant to the
  Farmout Agreement dated November 15, 2000.</p>
</blockquote>
</body>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-2
<SEQUENCE>3
<FILENAME>empireq1.htm
<TEXT>

<HTML>

<head>
<TITLE>AMERICOMM RESOURCES CORPORATION</TITLE>
</head>

<body>

<p>head&gt; </p>

<p ALIGN="CENTER">EMPIRE PETROLEUMCORPORATION</p>

<p ALIGN="CENTER">BALANCE SHEET</p>

<p ALIGN="CENTER">(UNAUDITED)</p>

<p ALIGN="CENTER">March 31, 2001</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="457">
  <tr>
    <td WIDTH="78%" VALIGN="TOP"><p ALIGN="CENTER">ASSETS</td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Current assets:</td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Cash and cash equivalents</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">$ 183,196</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Accounts receivable<p>Prepaid expenses</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">44,527</p>
    <p ALIGN="RIGHT">480</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Total current assets</td>
    <td WIDTH="22%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><font
    SIZE="2"><p ALIGN="RIGHT">228,204</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Investments in prospects</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">731,553</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="top" style="border-top: thin solid; border-bottom: thin double"><font
    SIZE="2"><p ALIGN="RIGHT">$ 959,757</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">LIABILITIES AND STOCKHOLDERS' EQUITY</td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Current liabilities:</td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Accounts payable</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">$ 422,087</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Total current liabilities</td>
    <td WIDTH="22%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><font
    SIZE="2"><p ALIGN="RIGHT">422,087</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Stockholders' equity:</td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Common stock</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">523,558</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Retained earnings</td>
    <td WIDTH="22%" VALIGN="TOP"><font SIZE="2"><p ALIGN="RIGHT">14,111</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP">Total stockholders' equity</td>
    <td WIDTH="22%" VALIGN="top" style="border-top: thin solid; border-bottom: medium"><font
    SIZE="2"><p ALIGN="RIGHT">537,670</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="top" style="border-top: thin solid; border-bottom: thin double"><font
    SIZE="2"><p ALIGN="RIGHT">$ 959,757</font></td>
  </tr>
  <tr>
    <td WIDTH="78%" VALIGN="TOP"></td>
    <td WIDTH="22%" VALIGN="TOP"></td>
  </tr>
</TABLE>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p ALIGN="CENTER">EMPIRE PETROLEUMCORPORATION</p>

<p ALIGN="CENTER">INCOME STATEMENT</p>

<p ALIGN="CENTER">(UNAUDITED)</p>

<p ALIGN="CENTER">Three Months Ended March 31, 2001</p>

<p ALIGN="CENTER">&nbsp;</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="343">
  <tr>
    <td WIDTH="65%" VALIGN="TOP">Revenues:<p>Oil and Natural Gas, net of $10,537 in royalties</td>
    <td WIDTH="30%" VALIGN="BOTTOM"><p ALIGN="RIGHT">$ 42,150</td>
    <td WIDTH="5%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <td WIDTH="30%" VALIGN="TOP"></td>
    <td WIDTH="5%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">Costs and expenses - General and Administrative Expenses</td>
    <td WIDTH="30%" VALIGN="BOTTOM"><p ALIGN="RIGHT">22,288</td>
    <td WIDTH="5%" VALIGN="BOTTOM"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <td WIDTH="30%" VALIGN="TOP"></td>
    <td WIDTH="5%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP">Net income</td>
    <td WIDTH="30%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">$ 19,862</td>
    <td WIDTH="5%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="65%" VALIGN="TOP"></td>
    <td WIDTH="30%" VALIGN="TOP"></td>
    <td WIDTH="5%" VALIGN="TOP"></td>
  </tr>
</TABLE>
</body>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-3
<SEQUENCE>4
<FILENAME>proforma.htm
<TEXT>

<HTML>

<head>
<TITLE>UNAUDITED PRO FORMA FINANCIAL STATEMENTS</TITLE>
</head>

<body>
<b>

<p ALIGN="CENTER">UNAUDITED PRO FORMA FINANCIAL STATEMENTS</p>
</b>

<p ALIGN="JUSTIFY">Following are the unaudited consolidated condensed pro forma financial
statements of Americomm that reflect the acquisition of Empire by Americomm. The unaudited
pro forma consolidated condensed financial statements have been prepared utilizing the
historical financial statements of Americomm which are incorporated herein by reference to
previous filings made with the Securities and Exchange Commission and the historical
financial statements of Empire included in this filing. The unaudited pro forma
consolidated condensed financial statements should be read in conjunction with the
historical financial statements of Americomm and the attached historical financial
statements of Empire.</p>

<p ALIGN="JUSTIFY">The following unaudited pro forma consolidated condensed statements of
operations for the year ended December 31, 2000 and for the three month period ended March
31, 2001 and the unaudited pro forma consolidated condensed balance sheet as of March 31,
2001 give effect to the acquisition of Empire including the related pro forma adjustments
described in the notes thereto. The unaudited pro forma consolidated condensed statements
of operations for the year ended December 31, 2000 and for the three month period ended
March 31, 2001 give effect to the acquisition of Empire by Americomm as if the
acquisition, accounted for as a purchase, had occurred on January 1, 2000 and January 1,
2001, respectively. The unaudited pro forma consolidated condensed balance sheet as of
March 31, 2001 gives effect to the acquisition as if it had occurred on March 31, 2001.
The pro forma financial statements reflect the preliminary allocation of the purchase
price.</p>

<p ALIGN="JUSTIFY">The unaudited pro forma consolidated condensed financial statements may
not be indicative of the results that actually would have occurred if the acquisitions had
been effective on the dates indicated or which may be obtained in the future.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p ALIGN="CENTER">AMERICOMM RESOURCES CORPORATION</p>

<p ALIGN="CENTER">UNAUDITED PRO FORMA CONSOLIDATED CONDENSED BALANCE SHEET</p>

<p ALIGN="CENTER">MARCH 31, 2001</p>

<p ALIGN="CENTER">&nbsp;</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="862" height="932">
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="22"></td>
    <td WIDTH="214" VALIGN="TOP" COLSPAN="3" height="22"><p ALIGN="CENTER">Unaudited</td>
    <td WIDTH="18" VALIGN="TOP" height="22"></td>
    <td WIDTH="84" VALIGN="bottom" ROWSPAN="3" style="border-bottom: thin solid" height="98"><p
    ALIGN="CENTER">Pro Forma Adjustments</td>
    <td WIDTH="4" VALIGN="TOP" height="22"></td>
    <td WIDTH="103" VALIGN="bottom" ROWSPAN="3" style="border-bottom: thin solid" height="98"><p
    ALIGN="CENTER">&nbsp;&nbsp; Unaudited&nbsp;&nbsp;&nbsp;&nbsp; Pro Forma March 31, 2001</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="22"></td>
    <td WIDTH="214" VALIGN="top" COLSPAN="3" style="border-bottom: thin solid" height="22"><p
    ALIGN="CENTER">Historical March 31, 2001</td>
    <td WIDTH="18" VALIGN="TOP" height="22"></td>
    <td WIDTH="4" VALIGN="TOP" height="22"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="22">ASSETS</td>
    <td WIDTH="86" VALIGN="top" style="border-bottom: thin solid" height="22"><p
    ALIGN="CENTER">Americomm</td>
    <td WIDTH="2" VALIGN="TOP" height="22"></td>
    <td WIDTH="94" VALIGN="top" style="border-bottom: thin solid" height="22"><p
    ALIGN="CENTER">Empire</td>
    <td WIDTH="18" VALIGN="TOP" height="22"></td>
    <td WIDTH="4" VALIGN="TOP" height="22"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Current assets:</td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Cash and cash equivalents</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82,988</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp; 183,196</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266,184</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Accounts receivable</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">35,604</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">44,527</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">80,131</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Prepaid expenses</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">481</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">481</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="23">Total current assets</td>
    <td WIDTH="86" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"><p ALIGN="RIGHT">118,592</td>
    <td WIDTH="2" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"></td>
    <td WIDTH="94" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"><p ALIGN="RIGHT">228,204</td>
    <td WIDTH="18" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"></td>
    <td WIDTH="84" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"></td>
    <td WIDTH="103" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"
    height="23"><p ALIGN="RIGHT">346,796</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21"></td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Investments in prospects</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">926,946</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">731,553</td>
    <td WIDTH="18" VALIGN="TOP" height="21"><p ALIGN="CENTER">B</td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">3,583,123</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">5,241,622</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Property &amp; equipment, net </td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">8,834</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">8,834</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Total property &amp; equipment</td>
    <td WIDTH="86" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">935,780</td>
    <td WIDTH="2" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="94" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">731,553</td>
    <td WIDTH="18" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="84" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">3,583,123</td>
    <td WIDTH="4" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="103" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">5,245,456</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="40"></td>
    <td WIDTH="86" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"><p ALIGN="RIGHT">$ 1,054,372</td>
    <td WIDTH="2" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"></td>
    <td WIDTH="94" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp; 959,757</td>
    <td WIDTH="18" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"></td>
    <td WIDTH="84" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"><p ALIGN="RIGHT">$ 3,583,123</td>
    <td WIDTH="4" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"></td>
    <td WIDTH="103" VALIGN="top" height="40"
    style="border-top: thin none; border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp; 5,597,252</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21"></td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">LIABILITIES AND STOCKHOLDERS' EQUITY</td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Current liabilities:</td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Accounts payable</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp;&nbsp; 422,087
    </td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    422,087</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Accrued payroll</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">55,395</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">55,395</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Payroll taxes payable</td>
    <td WIDTH="86" VALIGN="TOP" height="21"><p ALIGN="RIGHT">(112)</td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"><p ALIGN="RIGHT">(112)</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21">Total current liabilities</td>
    <td WIDTH="86" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">55,283</td>
    <td WIDTH="2" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="94" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">422,087</td>
    <td WIDTH="18" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="84" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">-</td>
    <td WIDTH="4" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="103" VALIGN="top" height="21"
    style="border-top: thin solid; border-bottom: thin solid"><p ALIGN="RIGHT">477,370</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="21"></td>
    <td WIDTH="86" VALIGN="TOP" height="21"></td>
    <td WIDTH="2" VALIGN="TOP" height="21"></td>
    <td WIDTH="94" VALIGN="TOP" height="21"></td>
    <td WIDTH="18" VALIGN="TOP" height="21"></td>
    <td WIDTH="84" VALIGN="TOP" height="21"></td>
    <td WIDTH="4" VALIGN="TOP" height="21"></td>
    <td WIDTH="103" VALIGN="TOP" height="21"></td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="59">Stockholders' equity</td>
    <td WIDTH="86" VALIGN="TOP" height="59"><p ALIGN="RIGHT">999,089</td>
    <td WIDTH="2" VALIGN="TOP" height="59"></td>
    <td WIDTH="94" VALIGN="TOP" height="59"><p ALIGN="RIGHT">537,670</td>
    <td WIDTH="18" VALIGN="TOP" height="59"><p ALIGN="CENTER">A</p>
    <p ALIGN="CENTER">B</td>
    <td WIDTH="84" VALIGN="TOP" height="59"><p ALIGN="RIGHT">(537,670)</p>
    <p ALIGN="RIGHT">4,120,793</td>
    <td WIDTH="4" VALIGN="TOP" height="59"></td>
    <td WIDTH="103" VALIGN="BOTTOM" height="59"><p ALIGN="RIGHT">5,119,882</td>
  </tr>
  <tr>
    <td WIDTH="343" VALIGN="TOP" height="40"></td>
    <td WIDTH="86" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"><p ALIGN="RIGHT">$ 1,054,372</td>
    <td WIDTH="2" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"></td>
    <td WIDTH="94" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp; 959,757</td>
    <td WIDTH="18" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"></td>
    <td WIDTH="84" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"><p ALIGN="RIGHT">$ 3,583,123</td>
    <td WIDTH="4" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"></td>
    <td WIDTH="103" VALIGN="top" height="40"
    style="border-top: thin solid; border-bottom: thin double"><p ALIGN="RIGHT">$ 5,597,252</td>
  </tr>
</TABLE>

<p>See notes to unaudited pro forma consolidated condensed financial statements.</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p ALIGN="CENTER">AMERICOMM RESOURCES CORPORATION</p>

<p ALIGN="CENTER">UNAUDITED PRO FORMA CONSOLIDATED CONDENSED </p>

<p ALIGN="CENTER">STATEMENTS OF OPERATIONS</p>

<p ALIGN="CENTER">FOR THE YEAR ENDED DECEMBER 31, 2000</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="853">
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="27%" VALIGN="top" COLSPAN="3" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Historical </td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Pro Forma Adjustments</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp; Unaudited&nbsp;&nbsp;&nbsp;&nbsp; Pro Forma</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="CENTER">Americomm</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="CENTER">Empire</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Revenues:</td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Oil and natural gas, net</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Costs and expenses:</td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">General and administrative</td>
    <td WIDTH="12%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">138,098</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">5,571</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="14%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">143,669</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Other income and expense: </td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Interest income</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">3,080</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">3,080</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Interest expense</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">(26,015)</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">(26,015)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">(22,935)</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="14%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">(22,935)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Net Loss</td>
    <td WIDTH="12%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    (161,033)</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$ (5,571)</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp; (166,604)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="BOTTOM">&nbsp;<p>Net loss per common share</td>
    <td WIDTH="12%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    (0.01)</td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    (0.01)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Weighted average number of<p>Common shares outstanding</td>
    <td WIDTH="12%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">14,712,921</td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">22,405,272</td>
  </tr>
</TABLE>

<p>See notes to unaudited pro forma consolidated condensed financial statements.</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">AMERICOMM RESOURCES CORPORATION</p>

<p ALIGN="CENTER">UNAUDITED PRO FORMA CONSOLIDATED CONDENSED </p>

<p ALIGN="CENTER">STATEMENTS OF OPERATIONS</p>

<p ALIGN="CENTER">FOR THE THREE MONTHS ENDED MARCH 31, 2001</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="853">
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="27%" VALIGN="TOP" COLSPAN="3" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Unaudited Historical </td>
    <td WIDTH="2%" VALIGN="TOP" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Pro Forma Adjustments</td>
    <td WIDTH="2%" VALIGN="TOP" style="border-bottom: thin solid"></td>
    <td WIDTH="14%" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">&nbsp;&nbsp;&nbsp; Unaudited&nbsp;&nbsp;&nbsp;&nbsp; Pro Forma</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP" style="border-bottom: thin solid"><p ALIGN="CENTER">Americomm</td>
    <td WIDTH="2%" VALIGN="TOP" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="TOP" style="border-bottom: thin solid"><p ALIGN="CENTER">Empire</td>
    <td WIDTH="2%" VALIGN="TOP" style="border-bottom: thin solid"></td>
    <td WIDTH="2%" VALIGN="TOP" style="border-bottom: thin solid"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Revenues:</td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Oil and natural gas, net</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">$ &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    42,150</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
    -</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 42,150</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Costs and expenses:</td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">General and administrative</td>
    <td WIDTH="12%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">39,708</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">22,288</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin solid"></td>
    <td WIDTH="14%" VALIGN="top" style="border-bottom: thin solid"><p ALIGN="RIGHT">61,996</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Other income and expense: </td>
    <td WIDTH="12%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"></td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Interest income</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">1,199</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">1,199</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Interest expense</td>
    <td WIDTH="12%" VALIGN="TOP"><p ALIGN="RIGHT">(4,571)</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="13%" VALIGN="TOP"><p ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="TOP"></td>
    <td WIDTH="14%" VALIGN="TOP"><p ALIGN="RIGHT">(4,571)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP"></td>
    <td WIDTH="12%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">(3,372)</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="13%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">-</td>
    <td WIDTH="2%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"></td>
    <td WIDTH="14%" VALIGN="top" style="border-top: thin solid; border-bottom: thin solid"><p
    ALIGN="RIGHT">(3,372)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Net Loss</td>
    <td WIDTH="12%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp; (43,080)</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 19,862</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; -</td>
    <td WIDTH="2%" VALIGN="top" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="top" style="border-bottom: thin double"><p ALIGN="RIGHT">$
    &nbsp;&nbsp;&nbsp; (23,218)</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="BOTTOM">&nbsp;<p>Net loss per common share</td>
    <td WIDTH="12%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">$ 0.00</td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">$ 0.00</td>
  </tr>
  <tr>
    <td WIDTH="42%" VALIGN="TOP">Weighted average number of<p>common shares outstanding</td>
    <td WIDTH="12%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">16,003,040</td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="13%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="2%" VALIGN="bottom" style="border-bottom: thin double"></td>
    <td WIDTH="14%" VALIGN="bottom" style="border-bottom: thin double"><p ALIGN="RIGHT">23,495,391</td>
  </tr>
</TABLE>

<p>See notes to unaudited pro forma consolidated condensed financial statements.</p>

<p>&nbsp;</p>

<p ALIGN="CENTER">&nbsp;</p>

<p ALIGN="CENTER">NOTES TO UNAUDITED PRO FORMA FINANCIAL STATEMENTS</p>

<p>&nbsp;</p>

<p ALIGN="JUSTIFY">Acquisition of Empire</p>

<p ALIGN="JUSTIFY">On May 29, 2001, Americomm acquired 100% of Empire. Americomm issued
7,492,351 common shares in exchange for all the issued and outstanding common stock of
Empire. The purchase price for the stock is $ 4,120,793 based on a market price of $0.55
per Americomm share on the date of the transaction. </p>

<p ALIGN="JUSTIFY">The purchase price results in an increase in the cost of the net assets
of Empire of $3,583,123. Based on management's evaluation of the fair value of the assets
acquired and liabilities assumed Americomm allocated this increase in cost to oil and gas
properties.</p>

<p ALIGN="JUSTIFY">Americomm uses the full cost method of accounting for oil and gas
properties. This method of accounting requires that a ceiling test be performed
periodically to compare the recorded cost of oil and gas properties to the value of those
properties. Management believes that if a full cost ceiling test were performed at the
date of this transaction, no impairment would result. </p>

<p>The unaudited pro forma adjustments are as follows:</p>

<p>A. To remove the equity of Empire upon the purchase by Americomm.</p>

<p>B. To record the acquisition of Empire under the purchase method:</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="384">
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Net assets acquired at fair value:</td>
    <td WIDTH="25%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Current assets</td>
    <td WIDTH="25%" VALIGN="TOP"><p ALIGN="RIGHT">$&nbsp;&nbsp;&nbsp; 228,204</td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Oil and gas properties</td>
    <td WIDTH="25%" VALIGN="TOP"><p ALIGN="RIGHT">4,314,676</td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Current liabilities</td>
    <td WIDTH="25%" VALIGN="TOP"><p ALIGN="RIGHT">(422,087)</td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Total</td>
    <td WIDTH="25%" VALIGN="top" style="border-top: thin solid; border-bottom: thin double"><p
    ALIGN="RIGHT">$ 4,120,793 </td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP"></td>
    <td WIDTH="25%" VALIGN="TOP"></td>
  </tr>
  <tr>
    <td WIDTH="75%" VALIGN="TOP">Consideration comprised of 7,492,351 common shares of
    Americomm</td>
    <td WIDTH="25%" VALIGN="bottom" style="border-top: thin none; border-bottom: thin double"><p
    ALIGN="RIGHT">$ 4,120,793 </td>
  </tr>
</TABLE>

<p>Earnings per share:</p>

<p>The following is a reconciliation of historical to pro forma weighted average shares
outstanding:</p>

<p ALIGN="RIGHT">&nbsp;</p>

<table BORDER="0" CELLSPACING="1" CELLPADDING="7" WIDTH="478">
  <tr>
    <td WIDTH="205" VALIGN="TOP"></td>
    <td WIDTH="111" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Year Ended December 31, 2001</td>
    <td WIDTH="1" VALIGN="TOP" style="border-bottom: thin solid"></td>
    <td WIDTH="89" VALIGN="bottom" ROWSPAN="2" style="border-bottom: thin solid"><p
    ALIGN="CENTER">Three Months Ended March 31, 2001</td>
  </tr>
  <tr>
    <td WIDTH="205" VALIGN="TOP"></td>
    <td WIDTH="1" VALIGN="TOP" style="border-bottom: thin solid"></td>
  </tr>
  <tr>
    <td WIDTH="205" VALIGN="TOP">Historical</td>
    <td WIDTH="111" VALIGN="bottom"><p ALIGN="RIGHT">14,712,921</td>
    <td WIDTH="1" VALIGN="bottom"></td>
    <td WIDTH="89" VALIGN="bottom"><p ALIGN="RIGHT">16,003,040</td>
  </tr>
  <tr>
    <td WIDTH="205" VALIGN="TOP">Shares issued to acquire Empire assumed to be at beginning of
    period)</td>
    <td WIDTH="111" VALIGN="bottom"><p ALIGN="RIGHT">7,492,351</td>
    <td WIDTH="1" VALIGN="bottom"></td>
    <td WIDTH="89" VALIGN="bottom"><p ALIGN="RIGHT">7,492,351</td>
  </tr>
  <tr>
    <td WIDTH="205" VALIGN="TOP">Pro forma</td>
    <td WIDTH="111" VALIGN="bottom" style="border-top: thin solid; border-bottom: thin double"><p
    ALIGN="RIGHT">22,205,272</td>
    <td WIDTH="1" VALIGN="bottom" style="border-top: thin solid; border-bottom: thin double"></td>
    <td WIDTH="89" VALIGN="bottom" style="border-top: thin solid; border-bottom: thin double"><p
    ALIGN="RIGHT">23,495,391</td>
  </tr>
</TABLE>

<p>&nbsp;</p>

<p>Basic earnings per share of common stock was computed by dividing loss applicable to
common stockholders, by the weighted average number of common shares outstanding for the
year. Diluted loss per share is not presented because all potential common shares are
anti-dilutive including those to be issued as replacement options and warrants.</p>

<p ALIGN="CENTER">AMERICOMM SUPPLEMENTAL OIL AND GAS INFORMATION (UNAUDITED)</p>

<p>Not Applicable</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>

<p>&nbsp;</p>
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