2007 FINANCIAL AND OPERATIONAL RESULTS

Five Year CAGR
Production Increase 

+8%

Reserve Increase 

+12%

Revenue Increase 

+28%

Net Income Increase 

+39%

                   



FINANCIAL DATA

  2007 2006   Change
Income Per Share – Diluted $   .65 $ .62   5%
Revenues $   16,993,000 $ 16,491,000   3%
Working Capital $   12,511,000 $ 10,073,000   24%
Debt $   162,000 $ 233,000   -30%
Shareholders’ Equity $   41,140,000 $ 34,767,000   18%
Total Assets $   55,349,000 $ 47,459,000   17%
Common Shares Outstanding     9,510,000   9,510,000   --%

OPERATIONS DATA

  2007 2006   Change
Reserves:              
Volume (Mcfge)     20,517,000   18,537,000   11%
Future Net Revenues $   101,501,000 $ 84,861,000   20%
Future Net Revenues
Discounted at 10%
$   62,071,000 $ 52,328,000   19%
Production (Mcfge)     2,234,000   2,422,000   -8%
Acreage              
Gross Acres     366,000   348,000   5%
Net Acres     65,000   58,000   12%

 

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