Der Umsatz im 3. Quartal kratzt an einer Million, der Nettoverlust im 3. Quartal nur mehr bei 27.854 Dollar.
Lexington wird bald profitabel!!!! Bin gespannt wie der Markt die Zahlen aufnimmt!
RESULTS OF OPERATIONS
Nine-Month Period Ended September 30, 2006 Compared to Nine-Month Period Ended September 30, 2005
Our net loss for the nine-month period ended September 30, 2006 was approximately ($3,875,439) compared to a net loss of ($6,469,152) during the nine-month period ended September 30, 2005 (a decrease of $2,593,713).
During the nine-month period ended September 30, 2006, we generated $1,938,292 in gross revenue compared to $530,721 in gross revenue generated during the nine-month period ended September 30, 2005 (an increase of $1,407,571 or 265.2%), resulting primarily from drilling service revenue in the amount of $1,527,419 from Oak Hills providing third party drilling services and, to a smaller degree, the sale of gas in the amount of $410,873 produced from our well interests.
During the nine-month period ended September 30, 2006, we incurred operating expenses in the aggregate amount of $5,447,478 compared to $3,625,875 incurred during the nine-month period ended September 30, 2005 (an increase of $1,821,603 or 50.2%). The operating expenses incurred during the nine-month period ended September 30, 2006 consisted of: (i) operating costs and taxes of $294,901 (2005: $180,073); (ii) rig, well and pulling unit expense of $555,537 (2005: $-0-); (iii) salaries, wages and related costs of $715,493 (2005: $-0-); (iv) depreciation, depletion and amortization expenses of $623,693 (2005: $244,641); (v) general and administrative expenses of $1,103,279 (2005: $684,925); (vi) investor relations and promotion expenses of $2,154,575 (2005: $602,245); and (vii) consulting stock-based compensation relating to the fair value of stock options granted to consultants of $-0- (2005: $1,913,991). The increase in operating expenses incurred during the nine-month period ended September 30, 2006 compared to the nine-month period ended September 30, 2005 resulted primarily from the increase in investor relations and promotion relating to investor awareness programs. The increase in operating expenses also resulted from the acquisition of Oak Hills and related business operations and infrastructure including: (i) rig, well and pulling unit expense; and (ii) salaries, wages and related expenses and (iii)depreciation.
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION - continued
Three-Month Period Ended September 30, 2006 Compared to Three-Month Period Ended September 30, 2005
Our net loss for the three-month period ended September 30, 2006 was approximately ($27,854) compared to a net loss of ($4,645,900) during the three-month period ended September 30, 2005 (a decrease of $4,618,046).
During the three-month period ended September 30, 2006, we generated $991,672 in gross revenue compared to $137,458 in gross revenue generated during the three-month period ended September 30, 2005 (an increase of $854,214 or 621.4%), resulting primarily from drilling and well services revenue in the amount of $838,309 from Oak Hills providing third party drilling and well services and, to a smaller degree, the sale of gas in the amount of $153,363 produced from . . .
Das komplette Filling gibt´s hier:
http://biz.yahoo.com/e/061117/lxrs.ob10qsb.html
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