Oilexco financial statement
Oilexco Inc OIL
Shares issued 18,015,981 Oct 5 close $0.35
Wed 6 Oct 99 Financial Statements
CONSOLIDATED STATEMENT OF INCOME (LOSS)
Six months ended June 30
1999 1998
Revenue
Oil and gas
sales $ 291,544 $ 281,263
Royalties (25,457) (20,445)
Other 409,368 22,237
-------- ---------
675,454 283,055
-------- ---------
Expenses
Operating 132,127 131,423
General and
administrative 343,904 276,274
Prospect
evaluation 104,049 153,745
Depletion and
depreciation 150,873 577,508
Interest 1,156 -
-------- ---------
732,109 1,138,950
-------- ---------
Income (loss)
before taxes (56,655) (855,895)
Taxes - (10,032)
-------- ---------
Income (loss) $ (56,655) $ (865,927)
======== =========
Basic income
(loss) per share 0 (5 cents)
(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com
bcjt |
