Attached files
| file | filename |
|---|---|
| 8-K - 8-K - Whiting Canadian Holding Co ULC | a14-21959_18k.htm |
| EX-4.2 - EX-4.2 - Whiting Canadian Holding Co ULC | a14-21959_1ex4d2.htm |
| EX-4.1 - EX-4.1 - Whiting Canadian Holding Co ULC | a14-21959_1ex4d1.htm |
| EX-4.3 - EX-4.3 - Whiting Canadian Holding Co ULC | a14-21959_1ex4d3.htm |
Exhibit 12.1
KODIAK OIL & GAS CORP.
RATIO OF EARNINGS TO FIXED CHARGES
|
|
|
For the six |
|
For the years ended December 31, |
| ||||||||||||||
|
|
|
June 30, 2014 |
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
2009 |
| ||||||
|
|
|
(in thousands) |
| ||||||||||||||||
|
Pretax income (loss) from continuing operations |
|
$ |
81,284 |
|
$ |
234,016 |
|
$ |
158,384 |
|
$ |
3,875 |
|
$ |
(2,402 |
) |
$ |
(2,563 |
) |
|
Add: Fixed charges |
|
66,278 |
|
109,024 |
|
69,090 |
|
27,475 |
|
565 |
|
36 |
| ||||||
|
Add: Amortization of capitalized interest |
|
3,519 |
|
5,768 |
|
2,604 |
|
241 |
|
— |
|
— |
| ||||||
|
Less: Capitalized interest |
|
(16,000 |
) |
(34,600 |
) |
(46,000 |
) |
(8,374 |
) |
(470 |
) |
— |
| ||||||
|
Earnings before fixed charges |
|
$ |
135,081 |
|
$ |
314,208 |
|
$ |
184,078 |
|
$ |
23,217 |
|
$ |
(2,307 |
) |
$ |
(2,527 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Fixed charges |
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Estimated interest component of rent |
|
$ |
124 |
|
$ |
124 |
|
$ |
130 |
|
$ |
111 |
|
$ |
12 |
|
$ |
11 |
|
|
Capitalized interest |
|
16,000 |
|
34,600 |
|
46,000 |
|
8,374 |
|
470 |
|
— |
| ||||||
|
Interest expense |
|
50,154 |
|
74,300 |
|
22,960 |
|
18,990 |
|
83 |
|
25 |
| ||||||
|
Total Fixed charges |
|
$ |
66,278 |
|
$ |
109,024 |
|
$ |
69,090 |
|
$ |
27,475 |
|
$ |
565 |
|
$ |
36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Ratio of Earnings to Fixed charges |
|
2.04 |
|
2.88 |
|
2.66 |
|
— |
|
— |
|
— |
| ||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| ||||||
|
Insufficient coverage |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
(4,258 |
) |
$ |
(2,872 |
) |
$ |
(2,563 |
) |