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tteg420x

04/13/17 10:18 AM

Post #135

Dead board, huh?

chart says clear 004s and we get a pop. Little wall on L2 for now.

Penny Roger$ Free

03/28/12 5:33 AM

Post #134

Re: #133: @Penny Roger$ - ~ Thursday! $PDO ~ Earnings posted, pending or

Penny Roger$ Free

03/28/12 5:33 AM

Post #133

~ Thursday! $PDO ~ Earnings posted, pending or coming soon! In Charts and Links Below!

~ $PDO ~ Earnings expected on Thursday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.

http://stockcharts.com/h-sc/ui?s=PDO&p=D&b=3&g=0&id=p88783918276&a=237480049

http://stockcharts.com/h-sc/ui?s=PDO&p=W&b=3&g=0&id=p54550695994

~ Google Finance: http://www.google.com/finance?q=PDO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=PDO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=PDO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=PDO
Finviz: http://finviz.com/quote.ashx?t=PDO
~ BusyStock: http://busystock.com/i.php?s=PDO&v=2

<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=PDO >>>>>>

http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916

*If the earnings date is in error please ignore error. I do my best.

OilStockReport Free

11/07/11 10:26 PM

Post #132

Re: #130: @rsaj - This stock rocks!!! What a day.

Starting to look attractively priced just under $4 as oil prices are starting to run again.

On November 15th, 2010, Pyramid reported some very good results with operating income up 161% and net income up 78%. Pyramid currently has base assets in California and Texas.

This company is optimistic about its position in the Eagle Ford and is currently drilling new wells in its core California properties.

rsaj

02/24/11 9:56 AM

Post #131

WOW!!!!

rsaj

02/23/11 2:29 PM

Post #130

This stock rocks!!! What a day.

OilStockReport Free

11/15/10 1:12 PM

Post #129

Re: #128: @OilStockReport - RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE

BAKERSFIELD, CA -- (MARKET WIRE) -- 11/15/10 -- Pyramid Oil Company (NYSE Amex: PDO)

Selected Highlights:

-- Operating income and net income up 161% and 78%, respectively, vs. Q3
'09
-- Operating cash flow at Sept. 30 reaches $1.4 million
-- Two new wells drilled in Mountain View Field
-- Pyramid and Victory Oil Company agree in principle on California JV
program

Pyramid Oil Company (NYSE Amex: PDO) today announced financial results for its third quarter and nine-month period ended September 30, 2010.

Third quarter revenue increased 50% to $1.4 million from $945,000 in the comparable year-ago quarter. The increase is attributable to a $321,000 gain on the sale of a portion of Pyramid's interest in a Texas natural gas joint venture, as well as higher oil and gas revenue. Operating income increased 161% to $499,000 from $191,000 in last year's third quarter. Net income advanced 78% to $394,000, or $0.08 per diluted share, from $221,000, or $0.05 per diluted share, in the third quarter a year ago.

Average crude oil prices during the third quarter increased by $9.30 to $73.26 per barrel of oil equivalent (BOE) from $63.96 per BOE in last year's third quarter.

Operating cash flow through the first nine months of fiscal 2010 was $1.4 million versus $298,000 at the nine-month mark last year. Pyramid ended the third quarter with cash and short-term investments of $4.8 million, up from $4.0 million at the end of the second quarter. At Sept. 30, the Company's balance sheet was free of long-term debt and included working capital of $5.1 million and a current ratio of 10.1:1.

"By monetizing a small portion of our joint venture in Texas, we have reinforced our already strong financial position," said John H. Alexander, president and CEO. "We also have maintained our exposure to opportunities in the increasingly productive Eagle Ford shale formation. In addition to the interest we continue to hold in our original Texas JV, we own a 30% interest in an 876-acre joint venture in Menard County, and expect the first well on this prospect will be drilled before the end of the year."

"Closer to home, we have been exploring a joint venture opportunity with Victory Oil Company, a highly regarded, 75-year-old business with producing properties in close proximity to our leases in Kern County, Calif.," Mr. Alexander added. "We have agreed in principal to jointly participate in an approximately 4,000-foot test well in the Taft area of the county, and also are working to finalize the terms of a drilling program that could involve up to four wells during the next 12 months.

"Meantime, we successfully re-entered two previously drilled wells in our Mountain View field as part of our effort to increase production from our core California properties. We have completed the first well and are conducting a down-hole survey to identify and terminate an area of water entry. The second well has been completed and perforated, and we are currently conducting initial testing. We plan to initiate an additional re-drill in the Mountain View field shortly after the first of the year, depending on rig availability."

Mr. Alexander concluded, "Given the diverse range of opportunities we have established to ramp up production, coupled with the strong price environment for crude, we are optimistic about our prospects for continued growth."

Nine-month results

Through nine months, Pyramid reported revenue of $3.7 million, up 55% from $2.3 million reported in the same period a year ago. Operating income was $145,000 versus an operating loss of $235,000 at the nine-month mark a year ago. Net income was $273,000, or $0.06 per diluted share, versus a net loss $7,000, or less than $0.01 per diluted share, in the same period last year.

About Pyramid Oil Company

Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas. More information about the Company can be found at: www.pyramidoil.com.

OilStockReport Free

11/15/10 5:27 AM

Post #128

Re: #127: @OilStockReport - Some great mid year activity in this. It

RESULTS OF OPERATIONS FOR THE QUARTER ENDED JUNE 30, 2010
COMPARED TO THE QUARTER ENDED JUNE 30, 2009

REVENUES

The increase in revenues of $426,490 is due to higher average prices for the second quarter of 2010 and higher crude oil production. Oil and gas revenues increased by 53% for the three months ended June 30, 2010 when compared with the same period for 2009. Oil and gas revenues increased by 39% due to higher average crude oil prices for the second quarter of 2010. The average price of the Company's oil and gas for the second quarter of 2010 increased by approximately $18.94 per equivalent barrel when compared to the same period of 2009. Revenues increased by 14% due to higher crude oil production/shipments. The Company's net revenue share of crude oil production/sales increased by approximately 2,000 barrels for the second quarter of 2010. The increase in crude oil production is due to the drilling of a new well on the Company's Anderson lease during the first quarter of 2010 and an increase in production on its Mountain View properties.

OilStockReport Free

11/15/10 5:26 AM

Post #127

Re: #126: @kiwisteve - Weekly chart

Some great mid year activity in this. It is getting hot again and for good reason.

kiwisteve

07/01/10 9:06 PM

Post #126

Weekly chart
http://www.pyramidoil.com/

kiwisteve

07/01/10 8:50 PM

Post #125

Outstanding at May 14,2010
COMMON STOCK WITHOUT PAR VALUE - 4,677,728

FORM 10-Q - quarterly period ended March 31, 2010

http://www.sec.gov/Archives/edgar/data/81318/000008131810000002/form10qa.txt

kiwisteve

07/01/10 8:39 PM

Post #124

Re: #123: @Pro-Life - Today was ugly... down ~10%... break away gap

Is the gap filled yet? probably not quite but very nearly. Around $4.40 looks like a buy IMO.

Kiwi

Pro-Life

06/18/10 7:37 PM

Post #123

Re: #122: @Pro-Life - Just saw that in my inbox!!! New Zealand

Today was ugly... down ~10%... break away gap won't fill, in my view...

Pro-Life

06/16/10 1:02 AM

Post #122

Re: #121: @kiwisteve - NIA's Favorite Oil Stock Suggestion - Wed 6/15/2010

Just saw that in my inbox!!! New Zealand did well on Tuesday... looking for more!

kiwisteve

06/15/10 6:05 PM

Post #121

Re: #120: @Soapy Bubbles - *** ONE STOP DD ***

NIA's Favorite Oil Stock Suggestion - Wed 6/15/2010

Pyramid Oil Company (PDO)
Price: $4.39
http://www.pyramidoil.com

Oil prices were up $1.94 today to $77.06 per barrel and many NIA members have been asking us for an oil stock suggestion.

NIA believes the current BP oil spill catastrophe could cause oil prices to soar by the end of 2010 due to a moratorium on offshore drilling. In our opinion, the best way to capitalize on the situation is with land based oil drillers.

Our favorite oil stock for the second half of 2010 is Pyramid Oil Company trading on the AMEX under ticker symbol PDO. PDO is currently $4.39 per share and has 4.68 million shares outstanding giving it a market cap valuation of only $20.55 million.

PDO was founded in 1909 and the company engages in the exploration, development, and production of crude oil and natural gas resources. PDO holds oil and gas property interests primarily in California, as well as in New York, Wyoming, and Texas.

PDO owns and operates 27 oil and gas leases located within Kern and Santa Barbara Counties in the State of California. All of PDO's oil production is classified as primary recovery production; although certain properties may be conducive to secondary recovery operations in the future, depending on the prevailing price of oil.

Crude oil and natural gas produced from PDO’s properties are sold to various refineries and pipeline companies. The majority of all oil and gas properties that PDO owns and operates is for its own account. PDO also participates in joint ventures with other companies in the development of oil and gas properties.

PDO has over 20+ year relationships with its two largest crude customers: Conoco Phillips & Kern Oil and Refining.

Already for the first quarter of 2010 ending March 31st, PDO’s revenues saw an increase of 69% to $1 million from $594,000 in the first quarter of last year. PDO was profitable with net income of $181,000.

PDO has a strong balance sheet with over $4.43 million in cash and virtually no debt!

PDO’s technicals look extremely bullish at these levels. Only about two months ago PDO made a run from $4.55 to as high as $7.70! Now that PDO has fallen drastically and found its support level we believe PDO could be setting up for another big run in both the short and long-term. Remember, PDO has been around for over 100 years! In 2008, PDO made a run to as high as $36.80!

NIA believes that land based oil drillers could prosper during the upcoming hyperinflationary crisis. In our opinion, oil is poised to move back towards $100 per barrel and profitable, producing oil companies with strong balances sheets like PDO will reap the benefits.

Our legal disclaimer: http://inflation.us/legaldisclaimer.html
http://inflation.us/about.html

Soapy Bubbles Free

08/07/09 11:46 PM

Post #120

*** ONE STOP DD ***

http://www.finviz.com/quote.ashx?t=PDO

Soapy Bubbles Free

08/02/09 11:17 PM

Post #119

Soapy Bubbles Free

08/02/09 11:12 PM

Post #118

http://www.sec.gov/cgi-bin/browse-idea?action=getcompany&CIK=0000081318&owner=exclude&count=40

Soapy Bubbles Free

08/02/09 11:09 PM

Post #117

Re: #116: @Soapy Bubbles - http://finance.yahoo.com/q/is?s=pdo

Pyramid Oil Company
2008-21st Street
Bakersfield, CA 93301
United States - Map
Phone: 661-325-1000
Fax: 661-325-0100
Web Site: http://www.pyramidoil.com

DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 13

BUSINESS SUMMARY
Pyramid Oil Company engages in the exploration, development, and production of crude oil and natural gas resources. The company holds oil and gas property interests primarily in California, as well as in New York, Wyoming, and Texas. It sells oil and gas primarily to crude oil purchasers, refineries, or pipeline companies. The company was founded in 1909 and is based in Bakersfield, California.

Soapy Bubbles Free

08/02/09 11:09 PM

Post #116

http://finance.yahoo.com/q/is?s=pdo

makesumgravy Free

01/04/09 3:43 PM

Post #115

Pyramid Oil Company Reports Continued Financial Growth During Third Fiscal Quarter and Nine-Month Periods
Monday November 17, 9:00 am ET

"especially for Herman Michael" - makesumgravy

Total Q3 Revenue Increases 24% on 71% Increase in Oil & Gas Sales; Year-to-Date Operating Cash Flow up 177% to $3.2 Million Versus Year-Ago Period

BAKERSFIELD, CA--(MARKET WIRE)--Nov 17, 2008 -- Pyramid Oil Company (AMEX:PDO - News) today announced financial results for its third quarter and nine-month period ended Sept. 30, 2008.

makesumgravy Free

01/04/09 3:22 PM

Post #114

14-Nov-2008 Quarterly Report

MANAGEMENT'S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
FORWARD LOOKING INFORMATION

Crude oil prices have decreased by approximately $45.20 per barrel as of November 12, 2008, when compared with prices at September 30, 2008.

Management has implemented operational and developmental changes to react to the decline in crude oil prices and the expected decline in earnings. In late October, management postponed the drilling of a planned developmental oil well on one of the Company's existing oil and gas properties until sometime in 2009. This was done in anticipation of additional declines in crude oil values.

Although management expects significant reductions in revenues and earnings in the near future, the Company is financially and operationally positioned to withstand these conditions. The Company has in excess of $4,000,000 in cash and short-term investments (CD's), less than $30,000 in long-term debt and no obligatory capital projects scheduled. Operationally, management has used cash generated by prior months of high oil prices to complete its programs of up-grading Company wells, facilities and equipment.

The Company's Texas joint venture is currently producing natural gas at much smaller rates than previously expected. The consensus opinion of participants on the project is that the well has a skin damage condition (a condition that prevents the entry of gas into the well bore). A small workover and an acid job are being proposed to remedy the problem. Additionally, the participants in the joint venture are currently considering a change in operator on the project.

Management believes there may be new opportunities in this period of declining crude oil values to seek out existing oil and gas production that could be available for acquisition.

The Company's growth during the balance of 2008 will be highly dependant on the success of its operations and capital investments, including the outcome of wells that have not yet been drilled. The Company's future capital investment program may be modified due to exploration and development successes or failures, market conditions and other variables.

15 The production and sales of oil and gas involve many complex processes that are subject to numerous uncertainties, including reservoir risk, mechanical failures, human error and market conditions.

The Company has positioned itself over the past several years to withstand various types of economic uncertainties, with a program of consolidating operations on certain producing properties and concentrating on properties that provide the major revenue sources. The drilling of a new well and several limited workovers of certain wells have allowed the Company to maintain its crude oil reserves for the last three years. The Company expects to maintain its reserve base in 2008 by drilling new wells and routine maintenance of its existing wells.

The Company may be subject to future costs necessary for compliance with the new implementation of air and water environmental quality requirements of the various state and federal governmental agencies. The requirements and costs are unknown at this time, but management believes that costs could be significant in some cases. As the scope of the requirements become more clearly defined, management may be better equipped to determine the true costs to the Company.

The Company continues to absorb the costs for various state and local fees and permits under new environmental programs, the sum of which were not material during 2008 and 2007. The Company retains outside consultants to assist it in maintaining compliance with these regulations. The Company is actively pursuing an ongoing policy of upgrading and restoring older properties to comply with current and proposed environmental regulations. The costs of upgrading and restoring older properties to comply with environmental regulations have not been determined. Management believes that these costs will not have a material adverse effect upon its financial position or results of operations.

Portions of the Quarterly Report, including Management's Discussion and Analysis, contain forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested in forward-looking statements in this release. Such forward-looking statements speak only as of the date of this report and the Company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in Company expectations or results or any change in events. Factors that could cause results to differ materially include, but are not limited to: the timing and extent of changes in commodity prices of oil, gas and electricity, environmental risk, drilling and operational costs, uncertainties about estimates of reserves and government regulations.

16 ANALYSIS OF SIGNIFICANT CHANGES IN RESULTS OF OPERATIONS

RESULTS OF OPERATIONS FOR THE QUARTER ENDED SEPTEMBER 30, 2008 COMPARED TO THE QUARTER ENDED SEPTEMBER 30, 2007

REVENUES

Oil and gas revenues increased by 71% for the three months ended September 30, 2008 when compared with the same period for 2007. Oil and gas revenues increased by 63% due to higher average crude oil prices for the third quarter of 2008. The average price of the Company's oil and gas for the third quarter of 2008 increased by approximately $40.41 per equivalent barrel when compared to the same period of 2007. Revenues increased by 8% due to higher crude oil production/shipments. The Company's net revenue share of crude oil production/sales increased by approximately 1,400 barrels for the third quarter of 2008. The increase in production/sales volume is due primarily to the drilling of new wells on the Anderson lease and fracturing procedures that were done in the first quarter of 2008.

Gain on Sale of Fixed Assets - The amounts for the three months ended September 30, 2007 reflects a gain on the sale of real property (160 acres of grazing land). The Proceeds from the sale were $448,471 for a gain on the sale of real property before taxes of $440,473.

OPERATING EXPENSES

Operating expenses increased by approximately 31% for the third quarter of 2008. The cost to produce an equivalent barrel of crude oil increased by approximately $5.31 per barrel (total cost of approximately $30.24 per equivalent barrel) for the third quarter of 2008 when compared with the third quarter of 2007. The increase in operating expenses of approximately $131,000 was due to many factors. These include higher costs for down-hole pump repairs, labor, equipment fuel, parts and supplies, equipment rental and insurance.

Down-hole pump repairs increased by approximately 6% due to the replacement of down-hole pumps with more expensive pumps that are more efficient and have better longevity. Labor costs increased by approximately 6% due primarily to an increase in overtime wages and the addition of one full-time and one part- time employee in 2008. Equipment fuel increased by approximately 4% due primarily to the increased per unit costs of gasoline and diesel fuel during the first nine months of 2008. Repair and maintenance parts and supplies increased by approximately 3.5% due to increased levels of repair and maintenance activities. Equipment rental increased by approximately 3% due primarily to the rental of crude oil storage tanks for the new wells that have been drilled in 2007 and 2008 on the Anderson and Santa Fe leases. The Company also rented crude oil storage tanks for the three wells that were fraced in the first quarter of 2008.

17 GENERAL AND ADMINISTRATIVE

General and administrative expenses increased by approximately 12% for the quarter ended September 30, 2008, when compared with the same period for 2007. Legal fees increased by approximately 14% due to services that were rendered for the stock split that was declared on June 5, 2008 (see footnote 7), increased costs for compliance with SEC filings and general corporate matters. Accounting services decreased by 17% for the quarter ended September 30, 2008, due primarily to a decrease in fees for compliance costs associated with Sarbanes-Oxley Section 404, management's report on internal controls over financial reporting. Compensation costs increased by 8% due primarily to an increase in annual salaries that was effective June 1, 2008.

PROVISION FOR DEPLETION, DEPRECIATION AND AMORTIZATION

The provision for depletion, depreciation and amortization increased by 48% for the quarter ended September 30, 2008, when compared with the same period for 2007. The increase is due primarily to a 43% increase in depletion of the Company's oil and gas properties. The increase in depletion is due primarily to an increase in the depletable base of oil and gas properties due to the drilling of three new wells in 2006 and one new well in 2007 and 2008 and higher crude oil production sales during the third quarter of 2008.

ACCRETION EXPENSE

The increase in accretion expense of $49,381 for the quarter ended September 30, 2008, is due primarily to an increase in the Company's liability for asset retirement obligations (ARO). The adjustment to the ARO is due to an increase in the estimated costs associated with the retirement of its oil and gas properties.

OTHER COSTS AND EXPENSES

Other costs and expenses increased by approximately $18,000 for the third quarter of 2008, when compared with the same period for 2007. The increase is due to the retention of an investor relations consultant at a monthly fee of $5,000 that was effective March 12, 2008 (see footnote 12). The remaining increase in costs is due to an increase in the annual listing fees for the American Stock Exchange.

18 RESULTS OF OPERATIONS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2008 COMPARED TO THE NINE MONTHS ENDED SEPTEMBER 30, 2007

REVENUES

Oil and gas revenues increased by approximately 84% for the nine months ended September 30, 2008 when compared with the same period for 2007. Oil and gas revenues increased by 78% due to higher average crude oil prices for the nine months ended September 30, 2008. The average price of the Company's oil and gas for the first nine months of 2008 increased by approximately $45.40 per equivalent barrel when compared with the same period for 2007. Revenues increased by 6% due to higher crude oil production/shipments. The Company's net revenue share of crude oil production/sales increased by approximately 2,900 barrels for the nine months ended September 30, 2008. The increase in production/sales volume is due primarily to the drilling of new wells on the Anderson lease and fracturing procedures that were done in the first quarter of 2008.

OPERATING EXPENSES

Operating expenses increased by approximately 21% for the nine months ended September 30, 2008, when compared with the same period for 2007. The cost to produce an equivalent barrel of crude oil increased by approximately $3.30 per barrel (total cost of approximately $26.76 per equivalent barrel) for the nine months ended September 30, 2008. The increase in operating expenses of approximately $244,000 was due to many factors. These include higher costs for down-hole pump repairs, labor, equipment fuel, parts and supplies, equipment rental and insurance. This was offset by lower costs for contract operations and outside services.

Down-hole pump repairs increased by approximately 5% due to the replacement of down-hole pumps with more expensive pumps that are more efficient and have better longevity. Labor costs increased by approximately 5% due primarily to an increase in overtime wages and the addition of one full-time and one part- time employee in 2008. Equipment fuel increased by approximately 3.4% due primarily to the increased per unit costs of gasoline and diesel fuel during the first nine months of 2008. Repair and maintenance parts and supplies increased by approximately 2.6% due to increased levels of repair and maintenance activities. Equipment rental increased by approximately 2.3% due primarily to the rental of crude oil storage tanks for the new wells that have been drilled in 2007 and 2008 on the Anderson and Santa Fe leases. The Company also rented crude oil storage tanks for the three wells that were fraced in the first quarter of 2008. Insurance costs increased by approximately 2% due to higher premiums for workers' compensation and employee medical insurance. Contract operations decreased by approximately 2% due to lower costs for the New York gas properties that were shut-in during the first nine months of 2008. Waste water disposal decreased by approximately 1%.

<PAGE 19>

EXPLORATION COSTS

In the first quarter of 2008, the Company received a payment, from its joint venture partner, in the amount of $28,812 for its share of certain tangible completion equipment on an exploratory well that had been abandoned in 2006.

GENERAL AND ADMINISTRATIVE EXPENSES

General and administrative expenses increased by approximately 3% for the nine months ended September 30, 2008, when compared with the same period for 2007. Legal fees increased by approximately 6% due to services that were rendered for the stock split that was declared on June 5, 2008 (see footnote
7), increased costs for compliance with SEC filings and general corporate matters. Accounting services decreased by 2% for the nine months ended September 30, 2008, due primarily to a decrease in fees for compliance costs associated with Sarbanes-Oxley Section 404, management's report on internal controls over financial reporting. Compensation costs decreased by 4% due primarily to the severance award agreement (see footnote 8). The severance award agreement was effective January 9, 2007 and was recorded in the first quarter of 2007.

PROVISION FOR DEPLETION, DEPRECIATION AND AMORTIZATION

The provision for depletion, depreciation and amortization increased by 57% for the nine months ended September 30, 2008, when compared with the same period for 2007. The increase is due primarily to a 52% increase in depletion of the Company's oil and gas properties. The increase in depletion is due primarily to an increase in the depletable base of oil and gas properties due to the drilling of three new wells in 2006 and one new well in 2007 and 2008 and higher crude oil production sales during the first nine months of 2008.

ACCRETION EXPENSE

The increase in accretion expense of $49,881 for the nine months ended September 30, 2008, is due primarily to an increase in the Company's liability for asset retirement obligations (ARO). The adjustment to the ARO is due to an increase in the estimated costs associated with the retirement of its oil and gas properties.

OTHER COSTS AND EXPENSES

Other costs and expenses increased by approximately $70,000 for the nine months ended September 30, 2008, when compared with the same period for 2007. The increase is due to the retention of an investor relations consultant at a monthly fee of $5,000 that was effective March 12, 2008 (see footnote 12). The remaining increase in costs is due to an increase in the annual listing fees for the American Stock Exchange (AMEX) and the payment of a one-time fee to the AMEX for the stock split that was declared on June 5, 2008 (see footnote 7).

20 IMPACT OF CHANGING PRICES

The Company's revenue is affected by crude oil prices paid by the major oil companies. Average crude oil prices for the third quarter of 2008 increased by approximately $40.41 when compared with the same period for 2007. Average crude oil prices for the first nine months of 2008 increased by approximately $45.40 per equivalent barrel when compared with the same period for 2007. At the end of the third quarter of 2008, crude oil prices had increased by approximately $4.35 per barrel when compared with crude oil prices at December 31, 2007.

LIQUIDITY AND CAPITAL RESOURCES

Cash increased by $1,337,637 for the nine months ended September 30, 2008. During the first nine months of 2008, operating activities provided cash of $3,204,561. This was offset by capital expenditures of $1,054,286, purchases of short-term investments of $750,000 and principal payments on long-term debt totaling $21,037 during the first nine months of 2008. See the Statements of Cash Flows for additional detailed information. The Company had available a line of credit of $500,000 and short-term investments of $2,271,080 that could have provided additional liquidity during the first nine months of 2008.

makesumgravy Free

01/04/09 1:43 PM

Post #113

http://finance.aol.com/company/pyramid-oil-company/pdo/ase/insider-transactions

makesumgravy Free

12/29/08 10:09 AM

Post #112

http://finance.yahoo.com/q/mh?s=PDO

Major Holders Get Major Holders for:

BREAKDOWN

% of Shares Held by All Insider and 5% Owners: 44%

% of Shares Held by Institutional & Mutual Fund Owners: 3%

% of Float Held by Institutional & Mutual Fund Owners: 5%

Number of Institutions Holding Shares: 16 ?

easypikens Free

11/07/08 3:54 PM

Post #111

gonna pop next week when quarterly's come out

makesumgravy Free

10/31/08 2:27 PM

Post #110

http://finance.yahoo.com/q/is?s=pdo

makesumgravy Free

10/31/08 2:15 PM

Post #109

http://people.forbes.com/profile/michael-d-herman/66363

http://investing.businessweek.com/businessweek/research/stocks/people/relationship.asp?personId=23627973&capId=298740&previousCapId=298740&previousTitle=Pyramid%20Oil%20Co.

http://investing.businessweek.com/research/stocks/ownership/ownership.asp?symbol=PDO

Past 90 Days The goals of PYOL insiders are closely aligned with those of shareholders because insiders own a greater percentage of this company than at any other company in the Oil, Gas and Consumable Fuels industry. The 1,703,408 shares they control represents 36.42% of the total outstanding shares. However, over the last 3 months, insiders have sold a net 797.8K shares. This is much greater selling activity than the 2-year quarterly average and indicates that insiders are not bullish about PYOL's prospects for the next 6-12 months.

Major Holders:

BREAKDOWN

% of Shares Held by All Insider and 5% Owners: 44%
% of Shares Held by Institutional & Mutual Fund Owners: 1%
% of Float Held by Institutional & Mutual Fund Owners: 3%
Number of Institutions Holding Shares: 14

makesumgravy Free

10/29/08 10:07 AM

Post #108

Re: #107: @easypikens - let me ask you a simple question- is

Your not an insider......Anytime an insider wants to enrich himself to this degree he better be selling the company. Otherwise they need to stay within the confines of earning the salaries based on the revenues the company generates, or they need to buy on the open market not based on inside information, or go private and invest in the market like everyone else.

easypikens Free

10/28/08 5:14 PM

Post #107

Re: #106: @makesumgravy - This is what the real story is all

let me ask you a simple question- is it ok for you to make a profit but nobody else is allowed too. Especially the guy who saw value in the company long before you did, and bet his money on it. I buy stocks based on value and hope they go up. If pdo goes to 25 and I bought at 4- do you begrudge me. if you do- then dont play this game, if you don't, then you have no argument here.

makesumgravy Free

10/28/08 1:40 PM

Post #106

Re: #105: @easypikens - The shares he has are already in the

This is what the real story is all about, the insiders wanting to enrich themselves moreso than building the company. Whats wrong with a Pinksheet Ceo who sells dilution to make a million for himself?.......His shares doubled before he began selling, so he was more than rewarded. These are the stewards of these companies. He believes he is worth more than 6x's the gross generated revenue.

The problem with all this than anyone employeed with any of these companies should only be allowed salaries based on the revenues these companies generate. This is in part why we are having the problems we are experiencing in the market today. Greed takes a front seat, the company the back seat and the share holders the rear seat.

Can you given me a link when Herman purchased these shares?. You stated he purchased the shares in the open market at $2 a share.

easypikens Free

10/28/08 9:08 AM

Post #105

Re: #104: @makesumgravy - For him, not the stockholders, and not for

The shares he has are already in the float-if you buy at 4.00 and sell at 5.00, you are taking a profit, so what's wrong with that- it is american way- he never took 15 million out of the company- he took it from people who bought his shares-nothing wrong with that. i do it all the time.

makesumgravy Free

10/27/08 5:08 PM

Post #104

Re: #103: @easypikens - he bought the company in o5 at an

For him, not the stockholders, and not for the company.....This is the problem inside these companies, the greed of getting rich off shareholders. Its not just the pinks, its the seniors as well, the money amount just gets bigger.........Fuld and all the others like him believe its their right.........what Fuld did wasn't illegal, no more than Gates, who has sold more than $500 million in stock just this year........................as long as investors keep buying they will continue to sell stock.

easypikens Free

10/26/08 8:00 AM

Post #103

Re: #102: @makesumgravy - If Michael Herman believed this why has he

he bought the company in o5 at an average cost of 2.00 a share- just taking a profit- maybe has margin calls- also it was a plannned sale and he filed the sec forms for it. If I made 5 times my money over two years I would cash in.Just good business.

makesumgravy Free

10/25/08 9:11 PM

Post #102

Re: #101: @easypikens - cash flow from gas well hooked up in

If Michael Herman believed this why has he been selling consistently, other than to buy back after he has made millions off his stock?.............The money he has raked in almost equals the companies marketcap at present...........

Is this man worth $13 million is my question?, no way he or any of the other insiders can justify this kind of compensation. Certainly not the shareholders, or the market. The company will get punished for it. If this was a private entity his salary would be in the tens of thousands not millions, or there would be no business..........this is nothing but greed, and the shareholders who bought higher than where he began selling is paying for it, its investors dollars paying for is take, its not a salary based on generated revenues, and when you think about the float the company had prior to the f/s, a little more than a million, he is just one of a few controlling its price...........this isn't an excusable offense..........he has done alot damage, and will continue to do so by his pattern of selling..........He is just one of few who has benefited greatly from this f/s.

Future revenues won't even come close to the compensation he has paid himself...........this is the problem with what we see in so many of these public companies today, and part of the causes for their collapse.........

For a Bailout, Press 'One', If you're a bank press 1, If a brokerage firm, press or say 2

easypikens Free

10/25/08 2:00 PM

Post #101

Re: #98: @makesumgravy - Me to........$15 million give or take is a

cash flow from gas well hooked up in august is $3500 per day which is $1.2 million to bottom line for 2009. If they hit the other three gas wells they are drilling in texas , then bottom line is $5.0 million plus. thats a $1.09 per share earnings on the gas wells alone per year. puts share price in the $10-12 range.

makesumgravy Free

10/25/08 11:41 AM

Post #100

10Q http://biz.yahoo.com/iw/080813/0424566.html

makesumgravy Free

10/25/08 11:09 AM

Post #99

Re: #97: @frenchee - thanks for the info.

$12.8 million Frenchee has been extracted, and I look for this to continue.

makesumgravy Free

10/25/08 10:32 AM

Post #98

Re: #97: @frenchee - thanks for the info.

Me to........$15 million give or take is a little much on the exhuberate side...........guess he's trying to catch up with Fuld. This goes to show what these guys are all about.

For a Bailout, Press 'One', If you're a bank press 1, If a brokerage firm, press or say 2

frenchee

10/25/08 10:28 AM

Post #97

Re: #96: @makesumgravy - http://finance.yahoo.com/q/it?s=PDO Skimming over the figures Michael Herman has cropped

thanks for the info.

I hadn't looked at it from this angle but it makes me think more bad news is on the way...

makesumgravy Free

10/25/08 10:24 AM

Post #96

http://finance.yahoo.com/q/it?s=PDO

Skimming over the figures Michael Herman has cropped off at least $15 million from its marketcap..........nice payday for just a few months. Then bang this up against the companies revenues.

For a Bailout, Press 'One', If you're a bank press 1, If a brokerage firm, press or say 2

makesumgravy Free

10/25/08 10:16 AM

Post #95

Re: #94: @frenchee - Company Scores Remarkable Fundamental Grades -

Insider selling has been steady.

http://www.pinksheets.com/pink/quote/quote.jsp?symbol=pdo

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=6141193

(c) Mr. Herman recently sold the following numbers of shares of Common Stock of the Issuer through brokers' transactions at the following prices:

Date of Sale No. of Shares Sold Price Per Share ($)

8/27/2008 3,450 14.42594
800 14.41
100 14.42
4,790 14.4
6,900 14.31638
2,420 14.3
4,153 14.69305
16,707 14.6
12,680 14.45
8/28/2008 195 14.1599
1,300 14.16
1,200 14.155
17,305 14.15
8,320 14.10209
180 14.05
6,939 14.00841
8,061 14
14,200 13.9219
800 13.9
8/29/2008 2,015 14.1
1,100 13.63
10,900 13.62789
5,985 13.9
3,823 14.27
9,177 14.28865
9/2/2008 18,000 11.2
16,000 11.3
11,000 11.35141
18,000 11.1
9,997 11.2
13,003 11.21
3,425 11.7
5,088 11.48
10,512 11.5
200 11.55
200 11.56
420 11.51
17,155 11.53589
9/3/2008 3,150 10.9
6,275 10.92251
9,000 10.73667
3,519 10.66494
56 10.64
8,000 11.15
9/4/2008 10,751 10.17786
3,249 10.19754
1,000 10.2199
4,846 10.18
15,154 10.22441
23,191 10.9
300 10.97
9/5/2008 6,500 9.9
3,500 9.96314
10,000 9.7
600 10.01
4,400 10.03682

For a Bailout, Press 'One', If you're a bank press 1, If a brokerage firm, press or say 2

frenchee

10/24/08 10:36 PM

Post #94

Re: #93: @logman - Democrats to let offshore drilling ban expire

Company Scores Remarkable Fundamental Grades -
MarketGrader currently has a BUY rating on PYRAMID OIL CO (PDO), based on a final overall grade of 88.4 scored by the company's fundamental analysis. PYRAMID OIL CO scores at the 100th percentile among all 5223 U.S. listed equities currently followed by MarketGrader. Our present rating dates to June 12, 2008, when it was upgraded from a HOLD. With an overall grade of 88.4, PYRAMID OIL CO is the highest graded company in the Oil & Gas Exploration & Production sub-industry, followed by APACHE CORP (APA), with an overall grade of 85.2. The stock, down 18.14% in the last six months, has outperformed both the Oil & Gas Exploration & Production group, down 45.67% and the S&P 500 Index, which has returned -32.28% in the same period.

logman

09/24/08 1:04 AM

Post #93

Democrats to let offshore drilling ban expire

By ANDREW TAYLOR – 5 hours ago

WASHINGTON (AP) — Democrats have decided to allow a quarter-century ban on drilling for oil off the Atlantic and Pacific coasts to expire next week, conceding defeat in a months-long battle with the White House and Republicans set off by $4 a gallon gasoline prices this summer.

House Appropriations Committee Chairman David Obey, D-Wis., told reporters Tuesday that a provision continuing the moratorium will be dropped this year from a stopgap spending bill to keep the government running after Congress recesses for the election.

Republicans have made lifting the ban a key campaign issue after gasoline prices spiked this summer and public opinion turned in favor of more drilling. President Bush lifted an executive ban on offshore drilling in July.

"If true, this capitulation by Democrats following months of Republican pressure is a big victory for Americans struggling with record gasoline prices," said House GOP leader John Boehner of Ohio.

Democrats had clung to the hope of only a partial repeal of the drilling moratorium, but the White House had promised a veto, Obey said.

The House is expected to act on the spending bill Wednesday. The Senate is likely to go along with the House.

"The White House has made it clear they will not accept anything with a drilling moratorium, and Democrats know we cannot afford to shut down the government over this," said Jim Manley, a spokesman for Senate Majority Leader Harry Reid. "We look forward to working with the next president to hammer out a final resolution of this issue."

While the House would lift the long-standing drilling moratoriums for both the Atlantic and Pacific coasts, a drilling ban in waters within 125 miles of Florida's western coast would remain in force under a law passed by Congress in 2006 that opened some new areas of the east-central Gulf to drilling.

Just last week, the House passed legislation to open waters off the Atlantic and Pacific coasts to oil and gas drilling but only 50 or more miles out to sea and only if a state agrees to energy development off its shore. It quickly became clear that measure would not get the 60 votes needed in the Senate.

Republicans called that effort a sham that would have left almost 90 percent of offshore reserves effectively off-limits.

The Interior Department estimates there are 18 billion barrels of recoverable oil beneath the Outer Continental Shelf, about half of it off California.

While the ban on energy development will be lifted if the Senate goes along with the House action, it doesn't mean any federal sale of oil and gas leases in the offshore waters — much less actual drilling — would be imminent.

The Interior Department's current five-year leasing plan includes potential leases off the Virginia coast but probably would not be pursued unless the state agrees to energy development. And the state is unlikely to do so without Congress agreeing to share federal royalties with the state.

The congressional battle over offshore drilling is far from over. Democrats are expected to press for broader energy legislation, probably next year, that would put limits on any drilling off most of the Atlantic and Pacific coasts. Republicans, meanwhile, are likely to fight any resumption of the drilling bans that have been in place since 1981.

John McCain, the Republican presidential nominee, has promised to make offshore oil drilling a priority if elected president. He has called for developing the oil and gas resources along all of Outer Continental Shelf and for the federal government to share royalties with states who go along with drilling.

Democratic presidential rival Barack Obama has said he would support limited drilling in certain areas — possibly the South Atlantic region — if it is part of a broader energy plan to shift the U.S. away from oil to alternative fuels and more energy efficiency.

The debate over offshore drilling is not expected to subside in the first months of the next presidency — no matter who sits in the White House.

Lifting the drilling ban gives considerable momentum to the underlying bill, which includes the Pentagon budget, $24 billion in aid for flood and hurricane victims and $25 billion in loans for Detroit automakers in addition to keeping the government open past the Oct. 1 start of the 2009 budget year.

But Democrats decided not to use the must-pass measure as a battering ram to carry an extension of unemployment benefits for the long-term jobless past White House veto promises, prompting grumbling among some lawmakers. Efforts to boost food stamps and give states billions of dollars to help with Medicaid bills also fell through.

But the measure would double, to $5.2 billion, funding for heating subsidies for the poor, Obey said.

The measure also would provide more than $600 billion to fund the 2009 budgets for the Pentagon, Homeland Security Department and the Veterans Affairs Department. Nine other spending bills for the 2009 budget year starting Oct. 1 remain unfinished.

Bush had threatened to veto bills that don't cut the number and cost of pet projects known as "earmarks" sought by lawmakers in half from current levels or cause agency operating budgets, taken together, to exceed his request. Obey said, however, the White House would reluctantly sign the measure.

Associated Press writer H. Josef Hebert contributed to this report.

frenchee

09/18/08 7:39 PM

Post #92

Re: #91: @~6979~ - yeah I like the volitility of ~PDO~...Im just

That's great news about DIG. It's my largest current holding. I'm confident oil & gas are on the way back. #msg-32139440

~6979~

09/18/08 7:35 PM

Post #91

Re: #90: @frenchee - Someone been buying. Check out the positive

yeah I like the volitility of ~PDO~...Im just so tired of these small cap stocks this year.I just open $20k into ~DIG~ @ 65.07 today...lets see someone(s) manipulate a big ETF...GL

frenchee

09/18/08 6:49 PM

Post #90

Re: #85: @~6979~ - Yeah ~PDO~ is riding now.I was on vacation

Someone been buying. Check out the positive divergence between MFI trend and price trend...

frenchee

09/06/08 12:58 PM

Post #89

Re: #84: @frenchee - Looks like PDO has broke the intermediate-term down

Accumulation done...

Company Scores Remarkable Fundamental Grades -
MarketGrader currently has a BUY rating on PYRAMID OIL CO (PDO), based on a final overall grade of 85.6 scored by the company's fundamental analysis. PYRAMID OIL CO scores at the 100th percentile among all 5262 U.S. listed equities currently followed by MarketGrader. Our present rating dates to June 12, 2008, when it was upgraded from a HOLD. With an overall grade of 85.6, PYRAMID OIL CO is the highest graded company in the Oil & Gas Exploration & Production sub-industry, followed by APACHE CORP (APA), with an overall grade of 84.5. The stock, up 418.56% in the last six months, has outperformed both the Oil & Gas Exploration & Production group, up 19.71% and the S&P 500 Index, which has returned -1.65% in the same period.

logman

08/21/08 8:29 PM

Post #88

Re: #86: @makesumgravy - Ceo sold 57409 shares at $11+ per share.

I picked up a couple hundred shares the other day.
Nice move today.
logman

frenchee

08/17/08 9:31 AM

Post #87

Re: #86: @makesumgravy - Ceo sold 57409 shares at $11+ per share.

Thanks for the heads up makesumgravy...

makesumgravy Free

08/17/08 8:55 AM

Post #86

Ceo sold 57409 shares at $11+ per share.

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0287
Expires: February 28, 2011
Estimated average burden
hours per response... 0.5

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person *

HERMAN MICHAEL D 2. Issuer Name and Ticker or Trading Symbol

PYRAMID OIL CO [ PDO.A ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director __ X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)

(Last) (First) (Middle)

PO BOX 60446 3. Date of Earliest Transaction (MM/DD/YYYY)

7/29/2008
(Street)

COLORADO SPRINGS, CO 80960
(City) (State) (Zip) 4. If Amendment, Date Original Filed (MM/DD/YYYY)

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 7/29/2008 S 200 D $11.72 2180608 D
Common Stock 7/29/2008 S 400 D $11.59 2180208 D
Common Stock 7/29/2008 S 5150 D $11.6095 2175058 D
Common Stock 7/29/2008 S 10088 D $11.5549 2164970 D
Common Stock 7/29/2008 S 4162 D $11.5 2160808 D
Common Stock 7/29/2008 S 500 D $11.11 2160308 D
Common Stock 7/29/2008 S 1445 D $11.2369 2158863 D
Common Stock 7/29/2008 S 15068 D $11.0516 2143795 D
Common Stock 7/29/2008 S 69 D $11.05 2143726 D
Common Stock 7/29/2008 S 2918 D $11.04 2140808 D
Common Stock 7/29/2008 S 100 D $11.11 2140708 D
Common Stock 7/29/2008 S 297 D $11.1 2140411 D
Common Stock 7/29/2008 S 1312 D $11.08 2139099 D
Common Stock 7/29/2008 S 3700 D $11.07 2135399 D
Common Stock 7/29/2008 S 2116 D $11.06 2133283 D
Common Stock 7/29/2008 S 1400 D $11.05 2131883 D
Common Stock 7/29/2008 S 784 D $11.02 2131099 D
Common Stock 7/29/2008 S 400 D $11.01 2130699 D
Common Stock 7/29/2008 S 7300 D $11 2123399 D

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
HERMAN MICHAEL D
PO BOX 60446
COLORADO SPRINGS, CO 80960 X X

Signatures

/Michael D. Herman/ 7/31/2008
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

"Bubbles are Good For You !"

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Pyramid Oil Company (PDO)

Followers	11	Posters	28
Posts (Today)	0	Posts (Total)	135
Created	06/16/05	Type	Free
Moderators

About Pyramid Oil Company (PDO:AMEX)

Pyramid owns and operates 27 oil and gas leases located within Kern and Santa Barbara Counties in the State of California. All of Pyramid's oil production is classified as primary recovery production; although certain properties may be conducive to secondary recovery operations in the future, depending on the prevailing price of oil.

Crude oil and natural gas produced from Pyramid’s properties are sold to various refineries and pipeline companies. The majority of all oil and gas properties that Pyramid owns and operates is for its own account. Pyramid also participates in joint ventures with other companies in the development of oil and gas properties.

The Company owns a gross 12.5% working interest (before payout) in a Texas natural gas joint venture. The initial well in the project was drilled in early 2008, and after strong natural gas shows, the operator executed a gas sales contract and completed a 3.8-mile gas sales pipeline. The JV holds oil and gas leases on approximately 5,700 contiguous acres surrounding the initial well, and plans to commence additional drilling operations on the acreage.

California

Pyramid owns and operates 27 oil and gas leases within Kern and Santa Barbara Counties. 21 leases were operating in 2007
Company has potential to operate 121 wells on its California properties. 61 wells were operating in 2007
Most production currently classified as primary recovery, although certain wells being considered for secondary recovery efforts in light of strong crude price environment
Company enjoys 20+year relationships with its two largest crude customers: Conoco Phillips & Kern Oil & Refining

Texas

Pyramid owns 12.5% of natural gas joint venture in south-central Texas covering 5,700 contiguous acres
Post-frac testing of initial well indicated natural gas rates of over 4 million cubic feet/day and approximately 40 barrels/day of condensate.
Gas tested at over 1,200 BTU/cubic foot andbottom-hole pressures exceeded 8,000 psi
Gas sales expected to commence mid-2008
Additional drilling on acreage expected shortlyafter completion of pipeline

Board of Directors and Executive Management Profiles

JOHN H. ALEXANDER, President and Chief Executive Officer
Mr. Alexander has been an independent oil operator in Orange County, California, since 1970. He has been President and Chief Executive Officer of Pyramid Oil Company since June 3, 2004. From 1986 to 2004, Mr. Alexander was Vice President and a director of the Company.

MICHAEL D. HERMAN, Chairman
Mr. Herman has been Chairman of the Company since July of 2005 and the majority shareholder of the Company since June 15, 2005. He also is the Chairman and sole shareholder of Heat Waves Hot Oil Service, LLC and Dillco. Heat Waves and Dillco provide various energy related services such as water hauling, acidizing, frac heating and hot oil services to customers in Kansas, Oklahoma, Colorado and New Mexico. Mr. Herman was the Chairman and owner of Pasadena, California based Key Food Ingredients, Inc. from January 1,2005 until October, 2007. Key Food Ingredients supplies dehydrated vegetables from its factory in Qngdao, China to customers worldwide. He also was Chairman and owner of Telematrix, Inc. from October 1992 until December 1998 when the company was sold to a major hospitality company, and he repurchased a majority ownership interest in December 2004 and held that majority ownership interest until April 2006. Telematrix Inc. designs and distributes communications products and telephones to hospitality and business customers globally. From November 2003 until February 2005, Mr. Herman was Chairman and majority shareholder of Ft. Lauderdale based Sunair Electronics but chose not to stand for re-election as a director in February 2006. Sunair Electronics is engaged in the design, manufacture and sale of high frequency communications equipment for long-range voice and data applications.

THOMAS W. LADD, Director
Mr. Ladd has been President and Chairman of the Board of Tetra Oil Company, which is engaged in petroleum lease acquisition, exploration and operations, since 1979. Mr. Ladd is also an independent geologist, offering consulting services in petroleum, government compliance, environmental assessments and co-generation development.

GARY L. RONNING, Director
Mr. Ronning had been Executive Vice President, Western Region of Prime Natural Resources, LLC, since 1999. He previously was with Ferguson Energy, an independent oil and gas exploration company, since 1967. Mr. Ronning held several positions with Ferguson Energy.

JOHN E. TURCO
Mr. Turco has been the President and Chief Financial Officer of Corotto Company, Inc., an agricultural company growing citrus in Kern County, California, since March 1991. Mr. Turco has been President of Turco Desert Company, Inc., an agricultural company growing dates, grapes and citrus in California's Coachella Valley, since August 1991. Mr. Turco served as a member and chairman of the finance committee of the California Citrus Research Board from November 1992 until September 2001. He has served as a trustee of the United Agricultural Benefit Trust, which provides medical insurance to agricultural workers, since January 2002.

Chart and Stock Information

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the close of the period covered by this report.
COMMON STOCK WITHOUT PAR VALUE -- 4,677,728