Annual report pursuant to Section 13 and 15(d)

Summarized Quarterly Financial Information (unaudited)

v3.3.1.900
Summarized Quarterly Financial Information (unaudited)
12 Months Ended
Dec. 31, 2015
Summarized Quarterly Financial Information [Abstract]  
Summarized Quarterly Financial Information (unaudited)

Note 15 – Summarized Quarterly Financial Information (Unaudited)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

Total revenues

 

$

30,391 

 

$

39,242 

 

$

34,316 

 

$

33,563 

Income (loss) from operations (a)

 

 

(12,889)

 

 

6,231 

 

 

(83,910)

 

 

(118,542)

Net loss (a)

 

 

(10,197)

 

 

(4,967)

 

 

(111,805)

 

 

(113,170)

Loss available to common shares

 

 

(12,171)

 

 

(6,940)

 

 

(113,779)

 

 

(115,144)

Loss per common share - basic

 

$

(0.21)

 

$

(0.11)

 

$

(1.72)

 

$

(1.58)

Loss per common share - diluted

 

$

(0.21)

 

$

(0.11)

 

$

(1.72)

 

$

(1.58)

 

(a)

Loss from operations and net loss for the three months ended September 30, 2015 and December 31, 2015 included write-downs of oil and gas properties of $87,301 and $121,134, respectively.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

First Quarter

 

Second Quarter

 

Third Quarter

 

Fourth Quarter

Total revenues

 

$

33,285 

 

$

40,502 

 

$

39,657 

 

$

38,418 

Income from operations

 

 

6,645 

 

 

12,080 

 

 

11,562 

 

 

7,983 

Net income (loss)

 

 

1,863 

 

 

4,740 

 

 

12,201 

 

 

18,962 

Income (loss) available to common shares

 

 

(111)

 

 

2,767 

 

 

10,227 

 

 

16,988 

Income (loss) per common share - basic

 

$

0.00 

 

$

0.07 

 

$

0.24 

 

$

0.31 

Income (loss) per common share - diluted

 

$

0.00 

 

$

0.07 

 

$

0.23 

 

$

0.30