| Year ended December 31st |
2008 |
2007 |
% Change |
| Financial ($000s except per share) |
|
|
|
| Total petroleum and natural gas revenue |
24,834 |
14,725 |
69 |
| Funds from operations |
6,957 |
3,766 |
85 |
| Per share basic ($) |
0.32 |
0.22 |
45 |
| Per share diluted ($) |
0.32 |
0.22 |
45 |
| Net income (loss) |
-3,753 |
-7,970 |
-53 |
| Per share basic ($) |
-0.17 |
-0.59 |
-71 |
| Per share diluted ($) |
-0.17 |
-0.59 |
-71 |
| Capital expenditures |
20,267 |
38,450 |
-47 |
| Net debt (end of period) |
20,993 |
24,029 |
-13 |
| Operating Production |
|
|
|
| Oil and NGL (bbls/d) |
21 |
16 |
31 |
| Natural gas (mcf/d) |
8,234 |
5,845 |
41 |
| Total boe/d (6:1) |
1,393 |
990 |
41 |
| |
|
|
|
| Average realized price |
|
|
|
| Oil and NGL ($/bbl) |
82.16 |
68.15 |
21 |
| Natural gas ($/mcf) |
8.03 |
6.81 |
18 |
| Combined average ($/boe) |
48.68 |
40.73 |
20 |
| |
|
|
|
| Undeveloped land (acres) |
|
|
|
| Net |
92,905 |
87,011 |
7 |
| Gross |
118,638 |
109,779 |
8 |
| |
|
|
|
| Reserves (mboe) |
|
|
|
| Proved |
3,706 |
4,108 |
-10 |
| Probable |
2,417 |
2,348 |
3 |
| Proved plus probable |
6,123.50 |
6,456.10 |
-5.00 |
| Weighted average basic and diluted shares outstanding |
21,704,069 |
13,417,746 |
62 |
