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Texoil,Inc. |
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Quarterly Income Statement |
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For 1998 / 1999/ 2000 |
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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 |
1st Qtr 00 |
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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 |
$
8,608 |
$ 22,533 |
$ 10,614 |
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| Operator & Management
Fees |
255 |
227 |
243 |
165 |
890 |
242 |
237 |
241 |
275 |
995 |
348 |
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| Interest and Other |
57 |
15 |
13 |
191 |
276 |
4 |
8 |
69 |
95 |
176 |
55 |
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| Total Revenues |
$ 2,178 |
$ 2,608 |
$ 2,188 |
$ 3,382 |
$ 10,356 |
$ 4,073 |
$ 5,090 |
$ 5,563 |
$
8,978 |
$ 23,704 |
$ 11,017 |
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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 |
3,029 |
7,624 |
2,711 |
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| Workover |
81 |
29 |
10 |
9 |
129 |
2 |
44 |
41 |
91 |
178 |
- |
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| Production Taxes |
103 |
123 |
111 |
198 |
535 |
274 |
338 |
435 |
774 |
1,821 |
1,098 |
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| General & Administrative |
437 |
389 |
286 |
322 |
1,434 |
447 |
449 |
507 |
597 |
2,000 |
547 |
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| DD & A |
434 |
500 |
555 |
1,350 |
2,839 |
1,025 |
1,069 |
1,391 |
1,371 |
4,856 |
1,795 |
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| Write-Down / Impairment |
- |
1,208 |
- |
- |
1,208 |
- |
- |
- |
- |
- |
- |
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| Interest |
109 |
170 |
242 |
461 |
982 |
547 |
535 |
759 |
641 |
2,482 |
382 |
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| Other |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
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| Total Expense |
$ 1,934 |
$ 3,791 |
$ 2,445 |
$ 4,075 |
$ 12,245 |
$ 3,795 |
$ 3,969 |
$ 4,694 |
6,503 |
18,961 |
$ 6,533 |
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| Operating Income (Loss) |
$ 244 |
$ (1,183) |
$ (257) |
$ (693) |
$ (1,889) |
$ 278 |
$ 1,121 |
$ 869 |
$ 2,475 |
$ 4,743 |
$ 4,484 |
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| Income Taxes |
(92) |
307 |
0 |
788 |
1,003 |
(105) |
(424) |
(328) |
(734) |
(1,591) |
(1,502) |
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| Net Income (Loss) |
$ 152 |
$ (876) |
$ (257) |
$ 95 |
$ (886) |
$ 173 |
$ 697 |
$ 541 |
$ 1,741 |
$ 3,152 |
$ 2,982 |
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| Preferred Stock Dividend |
- |
- |
- |
- |
- |
- |
- |
- |
(280) |
(280) |
(571) |
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| Net Income (loss) avaliable to
Common |
$ 152 |
$ (876) |
$ (257) |
$ 95 |
$ (886) |
$ 173 |
$ 697 |
$ 541 |
$ 1,461 |
$ 2,872 |
$ 2,411 |
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| EPS |
$
0.02 |
$
(0.14) |
$
(0.04) |
$
0.01 |
$
(0.14) |
$
0.03 |
$
0.11 |
$
0.08 |
$ 0.22 |
$ 0.44 |
$ 0.36 |
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| Outstanding Shares |
$ 6,098 |
$ 6,388 |
$ 6,548 |
$ 6,549 |
$ 6,402 |
$ 6,549 |
$ 6,555 |
$ 6,555 |
$ 6,555 |
$ 6,555 |
$ 6,621 |
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| Diluted weighted average
shares |
$ 7,062 |
$ 6,388 |
$ 6,548 |
$ 7,006 |
$ 7,006 |
$ 6,853 |
$ 6,722 |
$ 6,738 |
$ 7,755 |
$ 7,755 |
$ 12,667 |
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| Diluted net income per share |
$
0.02 |
$
(0.14) |
$
(0.04) |
$
0.01 |
$
(0.13) |
$
0.03 |
$
0.10 |
$
0.08 |
$ 0.22 |
$ 0.41 |
$ 0.24 |
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| EBITDA |
$
787 |
$
695 |
$ 540 |
$
1,118 |
$
3,140 |
$
1,850 |
$
2,725 |
$
3,019 |
$
4,487 |
$
12,081 |
$
6,661 |
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| Production Information |
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| Gas Production (MMcf) |
238 |
283 |
246 |
701 |
1,468 |
910 |
1,051 |
1,068 |
1,190 |
4,219 |
1,340 |
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| Oil Production (MBbls) |
101 |
131 |
125 |
161 |
518 |
168 |
175 |
160 |
259 |
762 |
301 |
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| Average price gas (per Mcf) |
$ 1.99 |
$ 2.33 |
$ 1.93 |
$ 1.69 |
$ 1.90 |
$ 2.09 |
$ 2.30 |
$ 2.51 |
$ 2.82 |
$ 2.39 |
$ 2.57 |
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| Average price oil (per Bbl) |
$ 13.93 |
$ 12.24 |
$ 11.66 |
$ 11.79 |
$ 12.29 |
$ 11.09 |
$ 15.80 |
$ 16.11 |
$ 20.29 |
$ 16.32 |
$ 23.78 |
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| Share and per share
data restated to reflect 1 for 6 reverse split. |
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