<ARTICLE> 5 <LEGEND> THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PINNACLE OIL INTERNATIONAL INC.'S CONSOLIDATED BALANCE SHEET AT DECEMBER 31, 1998 AND PINNACLE OIL INTERNATIONAL INC.'S CONSOLIDATED STATEMENT OF LOSS FOR THE TWELVE- MONTH PERIOD ENDED DECEMBER 31, 1998, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. </LEGEND> <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> DEC-31-1998 <CASH> 4,713,822 <SECURITIES> 0 <RECEIVABLES> 121,435 <ALLOWANCES> 0 <INVENTORY> 0 <CURRENT-ASSETS> 4,862,588 <PP&E> 575,190 <DEPRECIATION> 90,664 <TOTAL-ASSETS> 5,566,205 <CURRENT-LIABILITIES> 177,350 <BONDS> 0 <PREFERRED-MANDATORY> 0 <PREFERRED> 800 <COMMON> 12,427 <OTHER-SE> 5,375,628 <TOTAL-LIABILITY-AND-EQUITY> 5,566,205 <SALES> 0 <TOTAL-REVENUES> 0 <CGS> 0 <TOTAL-COSTS> 1,332,646 <OTHER-EXPENSES> 214,838 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 0 <INCOME-PRETAX> (1,117,808) <INCOME-TAX> 0 <INCOME-CONTINUING> (1,117,808) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (1,117,808) <EPS-PRIMARY> (0.35) <EPS-DILUTED> (0.35)