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Gold/Mining/Energy : Oilexco Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (123)	10/6/1999 8:28:00 AM
From: bcjt	Read Replies (1) \| Respond to of 551

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