Oakridge Energy, Inc - Statements of Operations (Unaudited) For...

Oakridge Energy, Inc - Recent Material Event

Item 1. Financial Statements

	Balance Sheets at November 30, 2007 (Unaudited) and February 28, 2007 (Audited)

	Statements of Operations (Unaudited) For the Three and Nine Months Ended November 30, 2007 and 2006

	Statements of Cash Flows (Unaudited) For the Nine Months Ended November 30, 2007 and 2006

	Notes to Financial Statements

	Item 2. Management’s Discussion and Analysis or Plan of Operation

	Item 3. Controls and Procedures

Part II — Other Information
	Item 1 A. Risk Factors
	Item 6. Exhibits

Signatures

Part 1. Financial Information

ITEM 1. FINANCIAL STATEMENTS

OAKRIDGE ENERGY, INC.

BALANCE SHEETS

	November 30,		February 28,

	(Unaudited)		(Audited)
Assets
Current assets:
Cash and cash equivalents	$	2,484,114	$	2,410,827
Trade accounts receivable	258,034		275,953
Investment securities available for sale	37,271		101,138
Prepaid expenses and other	20,380		19,187
Total current assets	2,799,799		2,807,105

Oil and gas properties, at cost, using the successful efforts method of accounting, net of accumulated depletion and depreciation of $6,302,523 and $6,275,612, at November 30 and February 28, 2007, respectively	1,007,153		974,749

Coal and gravel properties, at cost, net of accumulated depreciaton of $7,923,719	260,488		260,488

Other property and equipment, net of accumulated depreciation of $410,656 and $430,819, at November 30 and February 28, 2007, respectively	141,294		159,503

Real estate held for sale	3,074,857		3,074,857

Deferred income taxes	167,394		139,582

Other non-current assets	730,989		852,079

Total assets	$	8,181,974	$	8,268,363

	November 30,			February 28,

	(Unaudited)			(Audited)
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable	$	176,436		$	278,190
Accrued expenses	93,517			49,684
Current portion of asset retirement obligations	87,221			80,155
Total current liabilities	357,174			408,029

Asset retirement obligations	437,844			425,023
Total liabilities	795,018			833,052

Stockholders’ equity:
Common stock, par value $.04 per share, 20,000,000 shares authorized, 10,157,803 shares issued	406,312			406,312
Additional paid-in capital	805,092			805,092
Retained earnings	16,616,422			16,582,854
Accumulated other comprehensive (loss)	(71,620		)	(7,753		)
Stockholders’ equity before treasury stock	17,756,206			17,786,505
Less treasury stock, at cost; 5,897,561 shares and 5,894,886 shares, respectively	10,369,250			10,351,194
Total stockholders’ equity	7,386,956			7,435,311

Total liabilities and stockholders’ equity	$	8,181,974		$	8,268,363

STATEMENTS OF OPERATIONS

(UNAUDITED)