Exhibit 99.1

 

 

& Gas, Inc. Adjusted EBITDA by Quarter March 31, June 30, September 30, December 31, March 31, June 30, 2013 2013 2013 2013 2014 2014 Net income (loss) 313,813$ (297,300)$ (223,664)$ (195,508)$ (381,560)$ (543,360)$ Add Back: Interest expense, net, excluding amortization of warrant based financing costs 222,772 520,284 622,842 706,231 929,378 1,136,603 Income tax provision (433,788) (92,913) (88,708) (83,442) (284,023) (305,715) Depreciation, depletion and amortization 705,536 874,474 1,070,753 1,078,394 1,594,857 2,139,733 Accretion of abandonment liability 1,152 1,811 1,811 4,245 4,505 5,148 Share based compensation 172,453 223,145 263,379 292,662 297,762 301,241 Unrealized loss (gain) on derivatives - - 46,225 167,451 214,035 881,124 Adjusted EBITDA 981,938$ 1,229,501$ 1,692,638$ 1,970,033$ 2,374,954$ 3,614,774$ Three Months Ended