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Hlghllghts
<br /> (Dollars in Thousands,
<br /> Except Per Share Amounts)
<br /> Forlhe Year Ended:
<br />Financial lo ne 30, 1986 tu ne 30, 1985 tune 30, 1984 lure 30, 1983 lo ne 30, 1982
<br />Total Revenues .............. ...... $ 4,303 $ 9,016 $ 14,685 $ 7,346 $ 6,217
<br />Oil and Gas Sales ........... ...... $ 3,992 $ 7,836 $ 14,354 $ 6,668 $ 5,603
<br />Pre-Taxlncume ............. ...... $ (21,460) $ 2,705 $ 7,348 $ 2,491 $ 397
<br />Net Income (Loss) ........... ...... $ (15,023) $ 1,841 $ 3,948 $ 1,311 S (783)
<br />Net Income Per Share
<br />(Loss) ...................... ...... $ (2.44) $ 30 S 66 $ 26 $ (.16)
<br />Average Shares
<br />Outstanding .............. ...... 6,155,461 6,183,356 5,992,226 5,088,450 4,998,515
<br />Total Assets ............... ........ $ 12,761 $ 35,687 $ 33,131 $ 18,336 S 11,422
<br />Working Capual .......... ........ $ 1,701 $ 3,822 $ 7,886 $ 1,008 $ 1,963
<br />Current Ratio ............. ........ 2.70:1 2.52:1 5.28:1 1.63:1 7 b2:1
<br />Long-Term Debl ........... ........ $ 260 $ 330 $ 0 $ 3,200 $ 700
<br />Proven Reserves
<br />Oil (Barrels) .............
<br />Gas (MCF) ..............
<br />Present Value of Future Ne[
<br />Revenues (Discounted at
<br />10 Percenq............
<br />Production
<br />Oil(Barrels) ......................
<br />Gas (MCF) .......................
<br />260,206 847,844 1,684,502 3,033,384 478,655
<br />5,394,451 1,549,366 7,146,953 9,651,658 4,325,028
<br />$ 8,033,327 $ 24,768,895 $ 47,487,451 $ 52,467,417 $ 12,963,003
<br />92,492 177,953 335,004
<br />716,683 707,216 1?69,334
<br />131,156 43,288
<br />96Q793 1,558,301
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