OAKRIDGE ENERGY INC Financials

Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...
Click here to read the whole Article (external link)

OAKRIDGE ENERGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with Items 6 and 7 of the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2009 and the Notes to Condensed Financial Statements contained in this Quarterly Report on Form 10-Q. Results of Operations Net Income (Loss). The Company had a net loss of $125,900 ($0.03 per share) in the three months ended August 31, 2009 (the "three month 2009 period") compared to a net loss of $24,345 ($0.01 per share) in the three months ended August 31, 2008 (the "three month 2008 period") as a result of the items discussed below. In the six months ended August 31, 2009 (the "six month 2009 period" and together with the three month 2009 period, the "2009 periods"), the Company had a net loss of $213,455 ($0.05 per share) compared to net income of $6,968 ($0.00 per share) in the six months ended August 31, 2008 (the "six month 2008 period" and together with the three month 2008 period, the "2008 periods") as a result of the items discussed below. Revenues. Combined oil and gas revenues for the three month 2009 period were $267,506 compared to $598,182 for the three month 2008 period, representing a decrease of $330,676 (55.3%). Combined oil and gas revenues for the six months ended August 31, 2009 were $494,608 compared to $1,107,875 for the six months ended August 31, 2008, representing a decrease of $613,267 (55.4%). The decreases in the 2009 periods as compared to the 2008 periods were due to a substantial decline in the Company's average price received for oil and gas and a decline in oil sales volumes. The following tables compare the Company's oil and gas revenues, sales volumes and average prices received during the 2009 periods with those during the 2008 periods: Table of Contents ...
Click here to read the whole Article (external link)

OAKRIDGE ENERGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with Items 6 and 7 of the Company's Annual Report on Form 10-K for the fiscal year ended February 28, 2009 and the Notes to Condensed Financial Statements contained in this report. Results of Operations Net Income (Loss). The Company had a net loss of $87,555 ($0.02 per share) for the three months ended May 31, 2009 (the "2009 period") compared to net income of $31,313 ($0.01 per share) for the three months ended May 31, 2008 (the "2008 period") as a result of decreased oil and gas revenues and increased real estate development expense for the 2009 period as compared to the 2008 period. Revenues. Oil and gas revenues were $227,102 for the 2009 period, compared to $509,693 for the 2008 period, representing a decrease of $282,591 (55.44%), primarily due to a decrease in the Company's average price received for oil and gas sales during the 2009 period. The following table compares the Company's oil and gas revenues, sales volumes and average prices received during the 2009 period with those received during the 2008 period: Non-material amounts of natural gas liquids revenues and sales are excluded from the foregoing table. Madison County, Texas Property. The Company's principal producing oil and gas property in Madison County, Texas (the "Madison County, Texas Property") is in the process of being waterflooded. Although oil sales volumes increased 86 barrels and gas sales volumes increased 1,018 mcf for the 2009 period as compared to the 2008 period, significantly lower oil and gas prices received by the Company in the 2009 period resulted in a decrease of $159,130 (56.80%) in oil and gas revenues from the property. Although operation expenses on the property decreased for the 2009 period as compared to the 2008 period, the significant decrease in the Compa...
Click here to read the whole Article (external link)

OAKRIDGE ENERGY INC Files SEC form 10-K, Annual Report

ITEM 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION The following discussion and analysis should be read in conjunction with the Financial Statements and Notes thereto included in Item 8. Results of Operations The Company had a net loss of $652,703 ($0.15 per share) in the fiscal year ended February 28, 2009 compared to net income of $72,544 ($0.02 per share) in the fiscal year ended February 29, 2008. The Company experienced losses from operations in both the 2009 and 2008 fiscal periods; however, the loss from operations in fiscal 2008 was minimal and was offset by other income resulting in a profit in fiscal 2008. Oil and gas revenues increased $12,584 (0.77%) in the fiscal year ended February 28, 2009. The average oil price received resulted in increased oil revenue as sales volumes decreased. Fees in the amount of $36,600 received by the Company both in fiscal 2009 and 2008 for serving as operator of most of the Company's North Texas area properties are included in oil and gas revenues. Table of Contents The following table compares the Company's oil and gas revenues and average prices received by the Company and its sales volumes of oil and gas during fiscal 2009 with those of fiscal 2008: Non-material amounts of natural gas liquids revenues and sales volumes for both years are excluded from the foregoing table. Although the Company's revenues remained relatively stable in fiscal 2009 as compared to fiscal 2008, the Company sustained a substantial net loss as a consequence of the considerable decline in the price of oil experienced in latter fiscal 2009, concluding with a price received on February 28, 2009 of $32.82 for the Madison County, Texas Property. The SEC guidelines provide that reserves that are part of a natural resource occurrence which can be economically and legally extracted at a profit at the time of th...
Click here to read the whole Article (external link)

OAKRIDGE ENERGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with Items 6 and 7 of the Company's Annual Report on Form 10-KSB for the fiscal year ended February 29, 2008 and the Notes to Financial Statements contained in this report. Results of Operations The Company had a net loss of $67,432 ($0.02 per share) in the three months ended November 30, 2008 (the "three month 2008 period") compared to net income of $82,905 ($0.02 per share) in the three months ended November 30, 2007 (the "three month 2007 period"). In the nine months ended November 30, 2008 (the "nine month 2008 period"), the Company had a net loss of $60,464 ($0.01 per share) compared to net income of $22,756 ($0.01 per share) in the nine months ended November 30, 2007 (the "nine month 2007 period"). Combined oil and gas revenues for the three month 2008 period were $359,095 compared to $481,464 for the three month 2007 period, representing a decrease of $122,369 (25.4%). Combined oil and gas revenues for the nine months ended November 30, 2008 were $1,466,970 compared to $1,164,970 for the nine months ended November 30, 2007, representing an increase of $302,000 (25.9%). Oil sales volumes decreased in both the three and nine month comparable periods. Gas sales volumes increased slightly in the three month comparable periods and decreased in the nine month comparable periods. Oil and gas sales prices declined in the three month comparable periods and increased in the nine month comparable periods. The following tables compare the Company's oil and gas revenues, sales volumes and average prices received during the 2008 periods with those during the 2007 periods: Table of Contents Non-material amounts of natural gas liquids revenues and sales are excluded from the foregoing tables. The Company's princ...
Click here to read the whole Article (external link)

OAKRIDGE ENERGY INC Files SEC form 10-Q, Quarterly Report

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS. The following discussion should be read in conjunction with Items 6 and 7 of the Company's Annual Report on Form 10-KSB for the fiscal year ended February 29, 2008 and the Notes to Financial Statements contained in this report. Results of Operations The Company had a net loss of $24,345 ($0.01 per share) in the three months ended August 31, 2008 (the "three month 2008 period") compared to a net loss of $36,677 ($0.01 per share) in the three months ended August 31, 2007 (the "three month 2007 period"). In the six months ended August 31, 2008 (the "six month 2008 period"), the Company had net income of $6,968 ($0.00 per share) compared to net loss of $60,149 ($0.01 per share) in the six months ended August 31, 2007 (the "six month 2007 period"). Combined oil and gas revenues for the three month 2008 period were $598,182 compared to $346,553 for the three month 2007 period, representing an increase of $251,629 (72.6%). Combined oil and gas revenues for the six months ended August 31, 2008 were $1,107,875 compared to $683,506 for the six months ended August 31, 2007, representing an increase of $424,369 (62.1%). The increases in the three month 2008 period and six month 2008 period were due to a substantial rise in the Company's average price received for oil sales during the 2008 periods, even though oil and gas sales volumes decreased during the 2008 periods as compared to the 2007 periods. The following tables compare the Company's oil and gas revenues, sales volumes and average prices received during the 2008 periods with those during the 2007 periods: Table of Contents Non-material amounts of natural gas liquids revenues and sales are excluded from the foregoing tables. The Company's principal producing oil and gas property in Madison County, Texas (the &q...
Click here to read the whole Article (external link)