|
|
|
|
1996 SECOND QUARTER REPORT
Consolidated Statements of Income
(Unaudited)
(In Thousands Except Income Per Share)
|
Three Months |
Six Months |
|
Ended June 30, |
Ended June 30, |
|
--------------------------------- |
-------------------------------- |
|
1996 |
1995 |
1996 |
1995 |
| Revenues: |
| Oil and gas sales |
$ 10,815 |
$ 4,866 |
$ 20,507 |
$ 9,742 |
| Fees from limited partnerships
and joint ventures |
90 |
135 |
160 |
248 |
| Supervision fees |
1,095 |
960 |
2,127 |
1,864 |
| Interest income |
18 |
11 |
26 |
19 |
| Other, net |
540 |
592 |
927 |
950 |
|
------------- |
------------- |
------------- |
------------- |
|
12,558 |
6,564 |
23,747 |
12,823 |
|
------------- |
------------- |
------------- |
------------- |
| Costs and Expenses: |
| Oil and gas production |
1,811 |
1,707 |
3,658 |
3,337 |
| General and administrative, net |
1,414 |
1,445 |
2,852 |
2,752 |
| Depreciation, depletion, and
amortization |
3,630 |
1,834 |
6,900 |
4,002 |
| Interest expense, net |
222 |
613 |
294 |
1,090 |
|
------------- |
------------- |
------------- |
------------- |
|
7,077 |
5,599 |
13,704 |
11,181 |
|
------------- |
------------- |
------------- |
------------- |
| Income Before Income Taxes |
5,481 |
965 |
10,043 |
1,642 |
| Provision for Income Taxes |
1,803 |
234 |
3,282 |
386 |
|
------------- |
------------- |
------------- |
------------- |
| Net Income |
3,678 |
731 |
6,761 |
1,256 |
|
------------- |
------------- |
------------- |
------------- |
| Per Share Amounts-- |
|
| Primary |
$0.29 |
$0.11 |
$0.54 |
$0.19 |
|
------------- |
------------- |
------------- |
------------- |
|
| Fully diluted |
$0.25 |
$0.11 |
$0.47 |
$0.19 |
|
------------- |
------------- |
------------- |
------------- |
| Weighted Average Shares Outstanding |
12,631,461 |
6,723,635 |
12,585,921 |
6,706,402 |
|
------------- |
------------- |
------------- |
------------- |
This page was last updated on Saturday, February 08, 2003, at 07:45:45 PM.
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