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Texoil,Inc. |
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Quarterly Income Statement |
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For 1998 / 1999 |
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(In thousands, except per share data) |
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1st Qtr 98 |
2nd Qtr 98 |
3rd Qtr 98 |
4th Qtr 98 |
1998 |
1st Qtr 99 |
2nd Qtr 99 |
3rd Qtr 99 |
4th Qtr 99 |
1999 |
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| REVENUES |
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| Oil & Gas Sales |
$ 1,866 |
$ 2,366 |
$
1,932 |
$ 3,026 |
$
9,190 |
$ 3,827 |
$ 4,845 |
$
5,253 |
$
5,253 |
$
22,533 |
| Operator & Management
Fees |
255 |
227 |
243 |
165 |
890 |
242 |
237 |
241 |
241 |
995 |
| Interest and Other |
57 |
15 |
13 |
191 |
276 |
4 |
8 |
69 |
69 |
176 |
| Total Revenues |
$
2,178 |
$
2,608 |
$
2,188 |
$
3,382 |
$ 10,356 |
$
4,073 |
$
5,090 |
$
5,563 |
$
5,563 |
$ 23,704 |
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| COSTS & EXPENSES |
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| Operating Expenses |
770 |
1,372 |
1,241 |
1,735 |
5,118 |
1,500 |
1,534 |
1,561 |
1,561 |
7,624 |
| Workover |
81 |
29 |
10 |
9 |
129 |
2 |
44 |
41 |
41 |
178 |
| Production Taxes |
103 |
123 |
111 |
198 |
535 |
274 |
338 |
435 |
435 |
1,821 |
| General &
Administrative |
437 |
389 |
286 |
322 |
1,434 |
447 |
449 |
507 |
507 |
2,000 |
| DD & A |
434 |
500 |
555 |
1,350 |
2,839 |
1,025 |
1,069 |
1,391 |
1,391 |
4,856 |
| Write-Down / Impairment |
- |
1,208 |
- |
- |
1,208 |
- |
- |
- |
- |
- |
| Interest |
109 |
170 |
242 |
461 |
982 |
547 |
535 |
759 |
759 |
2,482
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| Other |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Total Expense |
$
1,934 |
$
3,791 |
$
2,445 |
$
4,075 |
$ 12,245 |
$
3,795 |
$
3,969 |
$
4,694 |
$
4,694 |
$ 18,961 |
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| Operating Income (Loss) |
$ 244 |
$ (1,183) |
$ (257) |
$ (693) |
$ (1,889) |
$ 278 |
$ 1,121 |
$ 869 |
$ 869 |
$ 4,743 |
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| Income Taxes |
(92) |
307 |
0 |
788 |
1,003 |
(105) |
(424) |
(328) |
(328) |
(1,591) |
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| Net Income (Loss) |
$ 152 |
$ (876) |
$ (257) |
$ 95 |
$ (886) |
$ 173 |
$ 697 |
$ 541 |
$ 541 |
$ 3,152 |
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| EPS |
$
0.02 |
$
(0.14) |
$
(0.04) |
$
0.01 |
$
(0.14) |
$
0.03 |
$
0.11 |
$
0.08 |
$
0.08 |
$
0.44 |
| Outstanding Shares |
6,098 |
6,388 |
6,548 |
6,549 |
6,402 |
6,549 |
6,555 |
6,555 |
6,555 |
6,555 |
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| Outstanding Shares F/D |
7,062 |
6,388 |
6,548 |
7,006 |
7,006 |
6,853 |
6,722 |
6,738 |
6,738 |
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| EPS F/D |
$
0.02 |
$
(0.14) |
$
(0.04) |
$
0.01 |
$
(0.13) |
$
0.03 |
$
0.10 |
$
0.08 |
$
0.08 |
$ |
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| EBITDA |
$
787 |
$
695 |
$
540 |
$
1,118 |
$
3,140 |
$
1,850 |
$
2,725 |
$
3,019 |
$
3,019 |
$ |
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| Production Information |
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| Gas Production (MMcf) |
238 |
283 |
246 |
701 |
1,468 |
910 |
1,051 |
1,068 |
1,068 |
4,219 |
| Oil Production (MBbls) |
101 |
131 |
125 |
161 |
518 |
168 |
175 |
160 |
160 |
762 |
| Barrels of Oil Equivalent |
141 |
178 |
166 |
278 |
763 |
320 |
350 |
338 |
338 |
1,465 |
| Average price gas (per
Mcf) |
$ 1.99 |
$ 2.33 |
$ 1.93 |
$ 1.69 |
$ 1.90 |
$ 2.09 |
$ 2.30 |
$ 2.51 |
$ 2.51 |
$ 2.39 |
| Average price oil (per
Bbl) |
$ 13.93 |
$ 12.24 |
$ 11.66 |
$ 11.79 |
$ 12.29 |
$ 11.09 |
$ 15.80 |
$ 16.11 |
$ 16.11 |
$ 16.32 |
| Average price per BOE |
$ 13.23 |
$ 12.71 |
$ 11.64 |
$ 11.25 |
$ 12.04 |
$ 11.74 |
$ 13.84 |
$ 15.54 |
$ 15.54 |
$ 15..38 |
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| Share and per
share data restated to reflect 1 for 6 reverse split. |
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