FAN ENERGY INC
424B5, 1998-05-29
CRUDE PETROLEUM & NATURAL GAS
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                            SUPPLEMENT TO PROSPECTUS



     The Prospectus for Fan Energy Inc.,  dated May 14, 1998, is supplemented as
follows:

     The  Company  has  extended  from  June 2,  1998  until  August 1, 1998 the
expiration  date for certain  outstanding  warrants which entitle the holders to
purchase up to a total of 2,500,000  shares of Company Common Stock at $0.20 per
share.















                   The date of this Supplement is May 29, 1998




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