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/X/ Please mark votes as in this example.
This proxy will be voted as directed, or if no direction is
indicated, will be voted FOR Item 1, all nominees listed below
for election as directors, FOR Item 2, FOR Item 3, and AGAINST Item 4.
The Board of Directors recommends a vote FOR Items 1, 2
and 3 and recommends a vote AGAINST Item 4.
FOR AGAINST ABSTAIN
1. Election of Directors 2. Reverse Stock Split. / / / / / /
Term Ending 1997: Peter M. Holt,
Kristian Siem
/ / FOR / / WITHHELD 3. Ratification of / / / / / /
BOTH FROM BOTH appointment of
NOMINEES NOMINEES independent public
accountants
for 1994.
- ---------------------------------- 4. Stockholder pro- / / / / / /
For both nominees except as noted posal for
above cumulative voting.
MARK HERE FOR ADDRESS / /
CHANGE AND NOTE AT LEFT
If you wish to vote in accordance with the
recommendations of the Board of Directors,
you may just sign and date below and mail
in the postage paid envelope provided.
Specific choices may be made above.
When signing as Executor, Administrator,
Trustee or the like, please give full
title.
Signature: Date
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Signature: Date
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