| Income Statement for Berens Energy Ltd. (BEN:CA) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Operating Revenue | 61,281 | 52,810 | 36,393 | 14,166 | 1,192 | | Adjustments to Revenue | - | - | - | - | - | | Cost of Revenue | (25,502) | (23,529) | (13,993) | (4,110) | (459) | | Gross Operating Profit | 35,779 | 29,281 | 22,400 | 10,056 | 734 | | | Selling/General/Admin Expense | (5,338) | (4,806) | (4,045) | (2,385) | (1,946) | | Research & Development | - | - | - | - | (2,391) | | EBITDA | 30,441 | 24,475 | 18,355 | 7,671 | (3,603) | | Depreciation & Amortization | (39,180) | (36,747) | (18,540) | (9,169) | (727) | | EBIT | (8,739) | (12,272) | (185) | (1,498) | (4,330) | | Interest Income | 31 | 18 | 14 | 17 | 259 | | Other Income, Net | 1,770 | 635 | - | - | (22) | | Total Income Avail For Interest Expense | (27,693) | (35,839) | (171) | (1,481) | (4,093) | | Interest Expense | (4,027) | (2,627) | (328) | (123) | - | | Pre-Tax Income | (31,720) | (38,466) | (499) | (1,604) | (4,093) | | Income Taxes | 4,280 | 10,126 | 1,003 | (162) | (9) | | Minority Interest | - | - | - | - | - | | Net Income from Continuing Operations | (27,440) | (28,340) | 504 | (1,766) | (4,102) | | Net Income from Discontinued Operations | - | - | - | - | - | | Net Income from Total Operations | (27,440) | (28,340) | 504 | (1,766) | (4,102) | | | Normalized Income | (6,685) | (4,120) | 504 | (1,766) | (4,102) | | Extraordinary Income | - | - | - | - | - | | Special Income/Charges | (20,755) | (24,220) | - | - | - | | Income from Cum. Effect of Acct Change | - | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | - | | Other Gains | - | - | - | - | - | | Total Net Income | (27,440) | (28,340) | 504 | (1,766) | (4,102) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | - | | | Basic EPS from Continuing Operations | -0.30 | -0.33 | 0.01 | -0.04 | -0.23 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.30 | -0.33 | 0.01 | -0.04 | -0.23 | | | Diluted EPS from Continuing Operations | -0.30 | -0.33 | 0.01 | -0.04 | -0.23 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.30 | -0.33 | 0.01 | -0.04 | -0.23 | | | |
