|
|
|
|
1996 FIRST QUARTER REPORT
Consolidated Statements of Cash Flows
(Unaudited)
(In Thousands)
|
Three Months
|
|
Ended March 31,
|
|
|
|
1996 |
1995 |
| Cash Flows from Operating Activities: |
| Net income |
$ 3,082 |
$ 525 |
| Non-cash revenue and expense
items |
4,106 |
1,858 |
| Net change in operating assets
and liabilities |
(989) |
582 |
|
------------- |
------------- |
| Net
Cash Provided by Operating Activities |
6,199 |
2,965 |
|
------------- |
------------- |
| Cash Flows from Investing Activities: |
| Additions to property and
equipment |
(11,481) |
(5,745) |
| Net cash received (distributed)
as operator of oil and gas properties |
(13,143) |
(4,219) |
|
Property acquisition costs
(incurred on behalf of) reimbursed by
- partnerships and joint ventures
|
1,915 |
4,245 |
| Limited partnership formation
and marketing costs |
(493) |
(171) |
| Prepaid drilling costs |
(143) |
(60) |
| Other |
(82) |
(16) |
|
------------- |
------------- |
| Net
Cash Used in Investing Activities |
(23,427) |
(5,966) |
|
------------- |
------------- |
| Cash Flows from Financing Activities: |
| Net proceeds from short-term
bank borrowings |
12,000 |
3,321 |
| Net proceeds from issuance of
common stock |
597 |
227 |
|
------------- |
------------- |
| Net
Cash Provided by Financing Activities |
12,597 |
3,548 |
|
------------- |
------------- |
| Net Increase (Decrease) in Cash and Cash Equivalents |
$ (4,631) |
$ 547 |
| Cash and Cash Equivalents at Beginning of Period |
7,574 |
985 |
|
------------- |
------------- |
| Cash and Cash Equivalents at End of Period |
$ 2,943 |
$ 1,532 |
|
------------- |
------------- |
| Supplemental Disclosures of Cash Flow
Information: |
| Cash paid during period for interest, net of amounts
capitalized |
$ 510 |
$ -- |
| Cash paid during period for income taxes |
$ 19 |
$ 3 |
This page was last updated on Saturday, February 08, 2003, at 07:45:44 PM.
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