<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM PINNACLE OIL
INTERNATIONAL INC.'S CONSOLIDATED BALANCE SHEET AT JUNE 30, 1999, AND PINNACLE
OIL INTERNATIONAL INC.'S CONSOLIDATED STATEMENT OF LOSS FOR THE SIX-MONTH PERIOD
ENDED JUNE 30, 1999, AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH
FINANCIAL STATEMENTS.
</LEGEND>

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-START>                             JAN-01-1999
<PERIOD-END>                               JUN-30-1999
<CASH>                                      10,120,006
<SECURITIES>                                         0
<RECEIVABLES>                                   97,574
<ALLOWANCES>                                         0
<INVENTORY>                                          0
<CURRENT-ASSETS>                            10,295,246
<PP&E>                                         735,267
<DEPRECIATION>                                 159,747
<TOTAL-ASSETS>                              10,905,417
<CURRENT-LIABILITIES>                          135,135
<BONDS>                                              0
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                        800
<COMMON>                                        12,837
<OTHER-SE>                                  10,770,282
<TOTAL-LIABILITY-AND-EQUITY>                10,905,417
<SALES>                                              0
<TOTAL-REVENUES>                                     0
<CGS>                                                0
<TOTAL-COSTS>                                  763,384
<OTHER-EXPENSES>                              (51,159)
<LOSS-PROVISION>                                     0
<INTEREST-EXPENSE>                                   0
<INCOME-PRETAX>                              (712,225)
<INCOME-TAX>                                         0
<INCOME-CONTINUING>                          (712,225)
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0
<CHANGES>                                            0
<NET-INCOME>                                 (712,225)
<EPS-BASIC>                                     (0.06)
<EPS-DILUTED>                                   (0.06)