| Income Statement for Gastar Exploration Ltd (GST) | | | | | | | Income | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Operating Revenue | 34,565 | 26,765 | 27,442 | 6,059 | | Adjustments to Revenue | - | - | - | - | | Cost of Revenue | (4,322) | (4,429) | (1,689) | (1,967) | | Gross Operating Profit | 30,243 | 22,336 | 25,753 | 4,093 | | | Selling/General/Admin Expense | (16,906) | (13,548) | (8,775) | (3,998) | | Research & Development | - | - | - | - | | EBITDA | 13,337 | 8,788 | 16,978 | 95 | | Depreciation & Amortization | (25,691) | (20,937) | (19,135) | (4,173) | | EBIT | (12,354) | (12,149) | (2,157) | (4,078) | | Interest Income | 3,196 | 1,836 | 493 | - | | Other Income, Net | 38,541 | (6) | (69) | (136) | | Total Income Avail For Interest Expense | (16,461) | (69,240) | (10,430) | (4,214) | | Interest Expense | (14,079) | (15,599) | (15,261) | (2,465) | | Pre-Tax Income | (30,540) | (84,839) | (25,691) | (6,679) | | Income Taxes | - | - | - | - | | Minority Interest | - | - | - | - | | Net Income from Continuing Operations | (30,540) | (84,839) | (25,692) | (6,679) | | Net Income from Discontinued Operations | - | - | - | - | | Net Income from Total Operations | (30,540) | (84,839) | (25,692) | (6,679) | | | Normalized Income | 15,304 | (25,918) | (16,995) | (6,679) | | Extraordinary Income | - | - | - | - | | Special Income/Charges | (45,844) | (58,921) | (8,697) | - | | Income from Cum. Effect of Acct Change | - | - | - | - | | Income from Tax Loss Carryforward | - | - | - | - | | Other Gains | - | - | - | - | | Total Net Income | (30,540) | (84,839) | (25,692) | (6,679) | | | Results | in Dollars (Preferred Dividends in Thousands) | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | | | Dividends Paid Per Share | 0.00 | 0.00 | 0.00 | 0.00 | | Preferred Dividends | - | - | - | - | | | Basic EPS from Continuing Operations | -0.15 | -0.50 | -0.20 | -0.06 | | Basic EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Basic EPS from Total Operations | -0.15 | -0.50 | -0.20 | -0.06 | | | Diluted EPS from Continuing Operations | -0.15 | -0.50 | -0.20 | -0.06 | | Diluted EPS from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | | Diluted EPS from Total Operations | -0.15 | -0.50 | -0.20 | -0.06 | | | |
