2009 Highlights

Record oil production and oil revenue
Production increased 23% on price equivalency basis
Reserves increased to 28.5 Bcfe on price equivalency basis
First horizontal Bakken well drilled and completed with IP of 1,474 BOEPD
Horizontal Bakken acreage expanded to 8,000 gross acres in heart of the play
Central Kansas Uplift drilling success rate about 50% after 49 wells
Leadership transition completed - new CEO elected effective January 16, 2010

                   



FINANCIAL DATA

  2009 2008   2007
Income (Loss) Per Share - Diluted $   (1.40) $ .61   .61
Oil & Gas Revenues $   10,067,000. $ 17,345,000   14,265,000
Non-Cash Impairment &
   Write-off of Oil & Gas Properties
$   (24,653,000) $ __           __       
Working Capital $   13,542,000. $ 24,160,000   12,511,000
Shareholders' Equity $   46,056,000. $ 62,211,000   41,140,000
Total Assets $   52,552,000. $ 80,560,000   55,349,000
Common Shares Outstanding     10,241,000.   10,437,000   9,295,000

 

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