Six
Months Ending December 31
|
Three
Month Ending December 31
|
|||||
|
2005
|
2004
|
%
Change
|
2005
|
2004
|
%
Change
|
FINANCIAL
INFORMATION:
|
|
|
|
|
|
|
Oil
and gas revenue
|
705,112
|
482,109
|
46%
|
379,865
|
261,352
|
45%
|
Less:
royalties
|
91,916
|
91,944
|
0%
|
53,751
|
34,597
|
55%
|
Net
revenue
|
613,196
|
390,165
|
57%
|
326,114
|
226,755
|
44%
|
Net
loss from operations before discontinued operations
|
(163,583)
|
(684,644)
|
-76%
|
(158,974)
|
(470,909)
|
-66%
|
Income
and gain on disposition of discontinued operations
|
-
|
224,988
|
-100%
|
-
|
(77,945)
|
-100%
|
Net
loss
|
(163,583)
|
(459,656)
|
-64%
|
(158,974)
|
(548,854)
|
-71%
|
Net
loss from continuing operations per share
|
(0.04)
|
(0.17)
|
-76%
|
(0.04)
|
(0.12)
|
-66%
|
Net
loss per share
|
(0.04)
|
(0.11)
|
-64%
|
(0.04)
|
(0.14)
|
-71%
|
Total
assets
|
15,538,336
|
13,184,292
|
18%
|
15,538,336
|
13,184,292
|
18%
|
Total
financial liabilities
|
8,621,945
|
12,891,356
|
-33%
|
8,621,945
|
12,891,356
|
-33%
|
OPERATIONS:
|
|
|
|
|
|
|
Average
Daily Production
|
|
|
|
|
|
|
Natural
gas (mcf per day)
|
211
|
320
|
-34%
|
212
|
342
|
-38%
|
Natural
gas liquids (bbls per day)
|
15
|
8
|
88%
|
16
|
8
|
100%
|
Crude
oil (bbls per day)
|
11
|
9
|
22%
|
11
|
16
|
-31%
|
Total
(boe per day)
|
62
|
70
|
-11%
|
62
|
81
|
-23%
|
Average
Commodity Prices
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
11.23
|
$
5.97
|
88%
|
$
12.95
|
$
5.98
|
117%
|
Natural
gas liquids ($/bbl)
|
$
46.14
|
$
41.26
|
12%
|
$
45.52
|
$
32.14
|
42%
|
Crude
oil ($/bbl)
|
$
67.28
|
$
44.42
|
51%
|
$
67.28
|
$
42.19
|
59%
|
Total
($/boe)
|
$
62.03
|
$
37.54
|
65%
|
$
66.32
|
$
36.77
|
80%
|
Royalties
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
1.20
|
$
1.11
|
8%
|
$
1.42
|
$
1.48
|
-4%
|
Natural
gas liquids ($/bbl)
|
$
10.83
|
$
12.00
|
-10%
|
$
11.39
|
$
11.23
|
1%
|
Crude
oil ($/bbl)
|
$
7.01
|
$
5.44
|
29%
|
$
8.61
|
$
6.07
|
42%
|
Total
royalties ($/boe)
|
$
8.09
|
$
7.16
|
13%
|
$
9.38
|
$
8.58
|
9%
|
Production
costs
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
3.28
|
$
4.08
|
-20%
|
$
3.15
|
$
4.27
|
-26%
|
Natural
gas liquids ($/bbl)
|
$
6.61
|
$
7.92
|
-17%
|
$
7.34
|
$
5.71
|
29%
|
Crude
oil ($/bbl)
|
$
25.14
|
$
8.89
|
183%
|
$
26.49
|
$
34.03
|
-22%
|
Total
production costs ($/boe)
|
$
17.39
|
$
20.75
|
-16%
|
$
16.98
|
$
24.93
|
-32%
|
Netback
by Product
|
|
|
|
|
|
|
Natural
gas ($/mcf)
|
$
6.75
|
$
0.78
|
765%
|
$
8.38
|
$
0.23
|
3543%
|
Natural
gas liquids ($/bbl)
|
$
28.70
|
$
21.34
|
34%
|
$
26.79
|
$
15.20
|
76%
|
Crude
oil ($/bbl)
|
$
35.13
|
$
30.09
|
17%
|
$
32.18
|
$
2.09
|
1440%
|
Netback
($/boe)
|
$
36.55
|
$
9.63
|
280%
|
$
39.96
|
$
3.26
|
1126%
|