2008 Highlights

Record operating income, up 42% to $8.2 million
Second best earning in company history
$16.7 million equity sale near market top
Reserves down 4% on impact of low product prices at year end
Central Kansas Uplift drilling success increased to 48%
Central Kansas Uplift acreage expanded to almost 150,000 gross acres
Entry into horizontal Bakken oil play

                   



FINANCIAL DATA

  2008 2007   Change
Income Per Share – Diluted $   .61 $ .61   --%
Oil & Gas Revenues $   17,345,000 $ 14,265,000   22%
Working Capital $   24,160,000 $ 12,511,000   93%
Shareholders’ Equity $   62,211,000 $ 41,140,000   51%
Total Assets $   80,560,000 $ 55,349,000   46%
Common Shares Outstanding     10,437,000   9,295,000   12%

 

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