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ORANGE COUNTY EARNINGS

November 16, 1994

Saba Petroleum Co.: The Irvine independent oil and gas production company posted profit of $81,298, or 2 cents a share, for the third quarter. That contrasted with a loss of $93,027, or 3 cents a share, for the 1993 third quarter. Revenue was up 12% to $2.9 million from $2.6 million. For the nine-month period, profit was down 31% to $176,431 from $256,394. Nine-month revenue was up slightly to $8 million from $7.9 million.

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