CONSOLIDATED STATEMENTS OF OPERATIONS

LIABILITIES AND STOCKHOLDERS' EQUITY

REVENUES
Oil and gas sales
Telluric sales
Interest and other
Total Revenues

COSTS AND EXPENSES
Oil and gas production
Oil and gas exploration and dry holes
Cost of Telluric sales
General and administrative
Depreciation, depletion and amortization
Interest and other
Total Costs and Expenses

NET LOSS

NET LOSS PER SHARE

WEIGHTED AVERAGE SHARES OUTSTANDING


$  205,103
623,693
137,120
476,550


46,628
623,693
137,120
419,841
106,548
6,549
1,340,379

$(863,829)

$     (0.22)

3,840,598


-
134,597
19,500
154,097


-
43,507
145,910
277,410
95,612
5,474
567,913

$(413,816)

$     (0.12)

3,517,129

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