Bobby/Upton Resources Update
HIGHLIGHTS
(Financial) 1995 1994 % Change 1993
Revenue..............$16,879,500 $12,579,200 +34 $8,112,200
Cash Flow............ 8,786,400 6,316,800 +39 3,118,200
CF Per Share......... 0.74 0.56 +32 0.32
Earnings............. 1,736,200 1,288,400 +35 369,300
EPS.................. 0.15 0.11 +36 0.04
(Operatioal)
Production(bbls/day). 2.159 1,747 +24 1.155
Gross Wells Drilled.. 25.0 17.0 +47 18.0
Net Wells Drilled.... 16.9 10.8 +56 10.8
(Reserves)
Proven (bbls)........... 4,278,000 2,923,000 +46 3,586,200
Proven&Probable.... 4,859,000 3,364,000 +44 3,955,000
(Land)
Net Acres............... 100,300 78,600 +28 32,000
(Misc)
Net Asset Value 2.15 1.32 +63 1.00
_______________________________________________________
Upton's Goals For Fiscal 1997
> Annualized oil production increase of 67% to 3600 bbls/day
> Cash Flow increase of 55% to $1.15/share
> Maintain Debt less than 1X 1997 cash flow
>Drill 10 to 12 Exploration wells
_______________________________________________________
For further information Telephone,,403 263 7373 Fax..403 263 7375
_______________________________________________________
Kerm |
