Financial and Operational Highlights
% Increase |
% Increase |
|
| Q-4 2011 vs 2010 | FY 2011 vs 2010 | |
| Revenue | Up 94% | Up 45% |
| Net Income | Up 242% | Up 60% |
| EBITDA | Up 116% | Up 55% |
| Production | Up 32% | Up 11% |
| Proved Reserves | * |
Up 25% |
| Proved Oil Reserves | * |
Up 106% |
| Proved Oil Reserves PV 10 Reserver | * |
Up 62% |
*Quarterly calculation is not applicable because year-end and fourth quarter reserves are the same.
Financial Data
Fiscal Years Ended October 31, |
||
2011 |
2010 |
|
| Oil & Gas Revenues | $16,767,000 |
$11,566,000 |
| Net Income | $3,518,000 |
$2,203,000 |
| Income Per Share - Diluted | $0.35 |
$0.14 |
| EBITDA | $9,967,000 |
$6,417,000 |
| Working Capital | $2,940,000 |
$9,661,000 |
| Shareholders' Equity | $50,001,000 |
$46,567,000 |
| Total Assets | $61,036,000 |
$53,405,000 |
| Common Shares Outstanding | 10,042,000 |
10,183,000 |
Operations Data
Fiscal Years Ended October 31, |
||
2011 |
2010 |
|
| Oil Production (BO) | 148,000 |
97,000 |
| Gas Production (Mcf) | 918,000 |
1,038,000 |
| Equivalent Total Production (BOE) | 301,000 |
270,000 |
| Proved Reserves (MMBOE) | 4,095,000 |
3,277,000 |
| PV 10 Value of Proved Reserves | $62,348,000 |
$38,730,000 |
Note: Refer to the Company's quarterly reports on Form 10-Q for updated information.