|
|
|
|
1995 FIRST QUARTER REPORT
Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
|
Three Months |
|
Ended March 31, |
|
|
|
1995 |
1994 |
| Cash Flows from Operating Activities: |
| Net income (loss) |
$ 525 |
$(15,562) |
| Non-cash revenue and
expense items |
1,857 |
18,316 |
| Net change in operating
assets and liabilities |
582 |
(74) |
|
------------- |
------------- |
| Net
Cash Provided by Operating Activities |
2,964 |
2,680 |
|
------------- |
------------- |
| Cash Flows from Investing Activities: |
| Additions to property and
equipment |
(5,745) |
(4,042) |
| Net cash received
(distributed) as operator of oil and gas properties |
(4,219) |
1,264 |
| Property acquisition
costs (incurred on behalf of) reimbursed |
|
|
| by
partnerships and joint ventures |
4,245 |
(11,311) |
| Limited partnership
formation and marketing costs |
(171) |
(382) |
| Prepaid drilling costs |
(60) |
780 |
| Other |
(16) |
(7) |
|
------------- |
------------- |
| Net
Cash Used in Investing Activities |
(5,966) |
(13,698) |
|
------------- |
------------- |
| Cash Flows from Financing Activities: |
| Net proceeds from
short-term bank borrowings |
3,321 |
11,350 |
| Net proceeds from
issuance of common stock |
227 |
8 |
|
------------- |
------------- |
| Net
Cash Provided by Financing Activities |
3,548 |
11,358 |
|
------------- |
------------- |
| Net Increase in Cash and Cash Equivalents |
$546 |
$340 |
| Cash and Cash Equivalents at Beginning of Period |
985 |
636 |
|
------------- |
------------- |
| Cash and Cash Equivalents at End of Period |
$1,531 |
$976 |
|
------------- |
------------- |
| Supplemental Disclosures of Cash Flow
Information: |
| Cash paid during period for interest, net of amounts
capitalized |
$ -- |
$ -- |
| Cash paid during period for income taxes |
$ 3 |
$ 12 |
This page was last updated on Saturday, February 08, 2003, at 07:45:44 PM.
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