|
|
|
|
1994 FIRST QUARTER REPORT
Consolidated Statements of Income
(Unaudited)
(In Thousands Except Income Per Share)
|
Three Months Ended March 31, |
|
|
|
1994 |
1993 |
| Revenues: |
| Oil and gas sales |
$ 4,817 |
$ 3,503 |
| Earned interests
and fees from limited partnerships and joint ventures |
109 |
837 |
| Supervision fees |
943 |
775 |
| Interest income |
18 |
13 |
| Other, net |
251 |
197 |
|
------------- |
------------- |
|
6,138 |
5,325 |
|
------------- |
------------- |
| Costs and Expenses: |
| Oil and gas
production |
1,142 |
1,111 |
| General and
administrative, net |
1,195 |
1,211 |
| Depreciation,
depletion and amortization |
2,290 |
1,591 |
| Interest expense |
359 |
--- |
|
------------- |
------------- |
|
4,986 |
3,913 |
|
------------- |
------------- |
| Income Before Income Taxes |
1,152 |
1,412 |
| Provision for Income Taxes |
338 |
424 |
|
------------- |
------------- |
| Net Income |
814 |
988 |
|
------------- |
------------- |
| Per Share Amounts-- |
| Primary: |
$0.14 |
$0.17 |
| Fully diluted: |
$0.14 |
$0.17 |
|
------------- |
------------- |
| Weighted Average Shares Outstanding |
6,001,575 |
5,974,716 |
|
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