Summary Data


Operating Statistics:

2005

2006

2007

6 Mos. Ended
6/30/2008

 Net Production:        
 Crude Oil (Bbls)
667,871 655,324 635,845 282,215 
 Natural Gas (Mcf)
850,772 1,486,415 2,237,901 1,349,463 
 Natural Gas Liquids
6,474 71,436 123,445 78,677 
 BOE
816,141 974,495 1,132,274 585,803 
 BOE per day
2,236 2,670 3,102 3,219 
 % Crude
82% 67% 56% 48% 
         
 Proved reserves (MBOE) 21,532 19,516 27,521 31,368
 % Crude
66% 50% 47% 43% 
 % Developed
61% 47% 43% 37% 
         
 Pre-Tax PV10% (2) $ 392,313,310 $ 227,678,625 $ 408,265,000 $816,818,800
         

 Income Statement:

       
 Gross revenue $ 32,390,073 $ 53,551,462 $ 62,504,394 $47,304,132 
 EBITDAX $ 18,941,236 $ 26,228,608 $ 35,174,197 $22,466,417 
 Net Income (1) $ 7,935,294 $ 14,687,355 $ 3,622,820 $7,858,425 
         
(1) Excludes non-cash and extraordinay items        
(2) Excludes the effects of hedging