Saturday, May 8, 2010

KOG First Quarter, 2010, Results

Financials
1Q, 2009: (2 cents/shr)($1.6 million)
1Q, 2010: 1 cent/ share, $1 million

Net Income EBITDA
1Q, 2010: $3.3 million

Cash Used For Operations
1Q, 2009: $2.5 million
1Q, 2010: $2.4 million

Oil and Gas Sales
1Q, 2009: $0.8 million
1Q, 2010: $5.7 million

Oil Sold
1Q, 2009: 16,000 bbls
1Q, 2010: 77,000 bbls

Comment: I haven't looked at KOG from an investing point of view lately, but if KOG was a "buy" earlier this month or last month, it has to be a "better buy" now with the overall stock market pullback, the decline in price of oil which will go back up, and the fact that this year will be an even better year for KOG based on planned activities.

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