Attached files
file | filename |
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8-K - 8-K - American Standard Energy Corp. | v225742_8k.htm |
EX-99.4 - EX-99.4 - American Standard Energy Corp. | v225742_ex99-4.htm |
EX-99.2 - EX-99.2 - American Standard Energy Corp. | v225742_ex99-2.htm |
EX-99.8 - EX-99.8 - American Standard Energy Corp. | v225742_ex99-8.htm |
EX-99.3 - EX-99.3 - American Standard Energy Corp. | v225742_ex99-3.htm |
EX-99.5 - EX-99.5 - American Standard Energy Corp. | v225742_ex99-5.htm |
EX-99.7 - EX-99.7 - American Standard Energy Corp. | v225742_ex99-7.htm |
EX-99.6 - EX-99.6 - American Standard Energy Corp. | v225742_ex99-6.htm |
Exhibit 99.1. SELECTED FINANCIAL DATA
Results of Operations
The following table presents recast selected historical financial and operating information for the years ended December 31:
2010
|
2009
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|||||||
Production and operating data:
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Net production volumes:
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||||||||
Oil (Bbl)
|
56,657 | 56,003 | ||||||
Natural gas (Mcf)
|
540,072 | 610,462 | ||||||
Total (Boe)
|
146,669 | 157,747 | ||||||
Average daily net production volumes:
|
||||||||
Oil (Bbl)
|
155.2 | 153.4 | ||||||
Natural gas (Mcf)
|
1,479.6 | 1,672.5 | ||||||
Total (Boe)
|
401.8 | 432.2 | ||||||
Average prices:
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||||||||
Oil (Bbl)
|
$ | 74.45 | $ | 57.58 | ||||
Natural gas (Mcf)
|
$ | 4.89 | $ | 4.00 | ||||
Operating costs and expenses per Boe:
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||||||||
Oil and natural gas production
|
$ | 14.75 | $ | 11.32 | ||||
General and administrative
|
$ | 38.69 | $ | 3.51 | ||||
Exploration
|
$ | 1.69 | $ | 1.52 | ||||
Depreciation, depletion and amortization
|
$ | 10.61 | $ | 9.45 | ||||
Total revenues
|
$ | 6,896,945 | $ | 5,666,710 | ||||
Operating costs and expenses:
|
||||||||
Oil and natural gas production costs
|
2,163,887 | 1,786,280 | ||||||
Exploration expenses
|
247,463 | 240,382 | ||||||
General and administrative expenses
|
5,674,985 | 553,542 | ||||||
Impairment of oil and natural gas properties
|
46,553 | 253,258 | ||||||
Depreciation, depletion and amortization
|
1,556,288 | 1,490,926 | ||||||
Accretion of asset retirement obligations
|
15,607 | 12,399 | ||||||
Total operating costs and expenses
|
9,704,783 | 4,336,787 | ||||||
Income (loss) from operations
|
(2,807,838 | ) | 1,329,923 | |||||
Income tax (expense) benefit
|
- | - | ||||||
Net income (loss)
|
$ | (2,807,838 | ) | $ | 1,329,923 |
1
As of December 31,
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2010
|
2009
|
|||||||
Balance Sheet Information:
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||||||||
Total assets
|
$ | 32,799,480 | $ | 14,812,013 | ||||
Total liabilities
|
5,733,293 | 408,206 | ||||||
Stockholders’ equity
|
27,066,187 | 14,403,807 | ||||||
Statement of Cash Flow Information:
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||||||||
Net cash (used in) provided by operating activities
|
$ | 3,739,625 | $ | 2,936,683 | ||||
Net cash used in investing activities
|
(12,878,375 | ) | (2,393,249 | ) | ||||
Net cash provided by financing activities
|
9,658,746 | (543,434 | ) |
2