SEC Company Response from Riley Exploration Permian, Inc. (REPX) (CIK 0001001614) (REPX) — Jul 22, 2005
Riley Exploration Permian, Inc. (REPX) (CIK 0001001614)
Date: July 22, 2005 · CIK: 0001001614 · Accession: 0001001614-05-000039
AI Filing Summary & Sentiment
Letter
Tengasco, Inc. and Subsidiaries
Consolidated Statements of Loss
Years ended December 31,
Revenues and other income
Oil and gas revenues $ 6,013,374
$ 6,040,872
$ 5,437,723
Pipeline transportation revenues 92,599
163,393
259,677
Interest Income 3,501
3,078
Total revenues and other income 6,109,474
6,205,250
5,700,478
Costs and expenses
Production costs and taxes 3,364,429
3,412,201
3,094,731
Depreciation, depletion and amortization
(Notes 4, 5 and 6) 2,067,566
2,308,007
2,413,597
General and administrative 1,177,183
1,486,280
1,868,141
Interest expense (Notes 9, 10 and 13) 1,367,180
1,120,738
578,039
Public relations 35,347
31,183
193,229
Professional fees 779,180
549,503
707,296
Loss on impairment of long-lived asset -
495,000
-
Loss on sale of equipment, net 107,744
-
-
Total costs and expenses 8,898,629
9,402,912
8,855,033
Operating loss (2,789,155 ) (3,197,662 ) (3,154,555 )
Gain from extinguishment of debt (Note 16) 336,820
-
-
Gain on Preferred Stock (Note 9) 458,310
-
-
Net loss attributable to common stockholders before
cumulative effects of a changes in accounting principle (1,994,025 ) (3,197,662 ) (3,154,555 )
Cumulative effect of a change in accounting principle (Note 10) -
(351,204 ) -
Cumulative effect of a change in accounting principle (Note 9) -
365,675
-
Net loss (1,994,025 ) (3,183,191 ) (3,154,555 )
Dividends on preferred stock (Note 9) -
(268,389 ) (506,789 )
Net loss attributable to common stockholders $ (1,994,025 ) $ (3,451,580 ) $ (3,661,344 )
Net loss attributable to common stockholders per shares
Basic and diluted:
Operations $ (0.05 ) $ (0.27 ) $ (0.29 )
Cumulative effect of a change in accounting principle (Note 10) -
(0.03 ) -
Cumulative effect of a change in accounting principle (Note 9)
0.03
-
Dividends on preferred stock
(.02 ) (.04 )
Total $ (0.05 ) $ (0.29 ) $ (0.33 )
Weighted average shares outstanding 40,855,972
11,956,135
11,062,436
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CORRESP
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Tengasco, Inc. and Subsidiaries
Consolidated
Statements of Loss
Years ended December 31,
2004
2003
2002
Revenues and other income
Oil and gas revenues
$ 6,013,374
$ 6,040,872
$ 5,437,723
Pipeline transportation revenues
92,599
163,393
259,677
Interest Income
3,501
985
3,078
Total revenues and other income
6,109,474
6,205,250
5,700,478
Costs and expenses
Production costs and taxes
3,364,429
3,412,201
3,094,731
Depreciation, depletion and amortization
(Notes 4, 5 and 6)
2,067,566
2,308,007
2,413,597
General and administrative
1,177,183
1,486,280
1,868,141
Interest expense (Notes 9, 10 and 13)
1,367,180
1,120,738
578,039
Public relations
35,347
31,183
193,229
Professional fees
779,180
549,503
707,296
Loss on impairment of long-lived asset
-
495,000
-
Loss on sale of equipment, net
107,744
-
-
Total costs and expenses
8,898,629
9,402,912
8,855,033
Operating loss
(2,789,155
)
(3,197,662
)
(3,154,555
)
Gain from extinguishment of debt (Note 16)
336,820
-
-
Gain on Preferred Stock (Note 9)
458,310
-
-
Net loss attributable to common stockholders before
cumulative effects of a changes in accounting principle
(1,994,025
)
(3,197,662
)
(3,154,555
)
Cumulative effect of a change in accounting principle (Note 10)
-
(351,204
)
-
Cumulative effect of a change in accounting principle (Note 9)
-
365,675
-
Net loss
(1,994,025
)
(3,183,191
)
(3,154,555
)
Dividends on preferred stock (Note 9)
-
(268,389
)
(506,789
)
Net loss attributable to common stockholders
$ (1,994,025
)
$ (3,451,580
)
$ (3,661,344
)
Net loss attributable to common stockholders per shares
Basic and diluted:
Operations
$ (0.05
)
$ (0.27
)
$ (0.29
)
Cumulative effect of a change in accounting principle (Note 10)
-
(0.03
)
-
Cumulative effect of a change in accounting principle (Note 9)
0.03
-
Dividends on preferred stock
(.02
)
(.04
)
Total
$ (0.05
)
$ (0.29
)
$ (0.33
)
Weighted average shares outstanding
40,855,972
11,956,135
11,062,436