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locksflooring

05/01/12 5:22 PM

#12803 RE: Oilbull #12798


Future cash inflows
$ 36,256,572
Future production costs
(14,467,156 )
Future development costs
(964,486 )
Future income taxes
(4,623,201 )



Future net cash flows
16,137,729
10% annual discount
(7,795,729 )



Standardized measure of discounted future net cash flows
$ 8,342,000



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Oilbull

05/01/12 6:26 PM

#12804 RE: Oilbull #12798

Earnings (Loss) Per Share Applicable to Common Stockholders:
2011---2010
Basic $ 0.04 --- $ (0.17)
Diluted $ 0.04 --- $ (0.17)

Oil