Tuesday, May 15, 2007 3:58:48 PM
1) Total Assets INCR. from $2,053,477 to $2,251,473 !
2) Stockholders Equity INCR. from $1,417,885 to $1,715,021 !
3) Debt/Equity Ratio: DECR. from 35.4% to 23.8% !
4) Net Income INCR. from ($33,255) to $158,155 !!
5) Long Term Debt DECR. from $700,260 to $407,989 !!
And again, all of the above has been accomplished by CEO Larry Sanford under severe weather conditions of this last winter and WITHOUT the benefits of the Rex Horning Co. revenue AND the O&G production from the Dark Treasure and Bayless leases !!
Which reminds me, that "Field Expense" item of $34,507 is probably for third-party oil rig expenses; that number should be substantially reduced on subsequent income statements since ALRY now OWNS the drilling company!
Congrats to Allenergy for these achievements...now let's go forward and build on this base slowly and steadily......
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