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8/31/77 8/31/78 8/31/79 8/31/80 8/31/81
Income(loss)
Consolidated
Income -- $594,653 $900,572 $1,076,933 $1,110,335
Deductions -- (613,972) (813,324) (939,205) (3,828,869)
Net -- (19,319) 87,248 137,728 (2,718,534)
NOL & Special -- (112,776) (160,468) (99,377) (80,124)
Taxable -- (132,095)(73,220) 38,351 (2,798,658)
Active
(acq. 11/77)
Income -- 59,961 28,387 49,902 23,768
Deductions -- (1,106) (3,468) (5,863) (4,381)
Net -- 58,855 14,919 44,039 19,387
NOL -- -- (1,658) -- –-
Taxable -- 58,85513,261 44,039 19,387
Citra
Income -- 19,327 82 6 --
Deductions -- (335) (211) (1,221) (20)
Net -- 18,992 (129) (1,215) (20)
NOL -- -- -- (129) (1,344)
Taxable -- 18,992 (129) (1,344) (1,364)
HELO
(acq. 7/78)
Income -- -- -- 1,485 4,597
Deductions -- -- (115) (31,309) (149,974)
Net -- -- (115) (29,824) (145,377)
NOL -- -- -- (115) (29,939)
Taxable -- -- (115) (29,939) (175,316)
Nominee
Income -- -- -- -- --
Deductions -- -- -- (31) (1,589)
Net -- -- -- (31) (1,589)
NOL -- -- -- (31)
Taxable -- –- -- (31) (1,620)
Oil Investments
Income -- -- -- (444,493) (619,431)
Deductions -- -- (54) (28,227) (5,637)
Net -- -- (54) (472,720) (625,068)
NOL -- -- -- (54) (472,774)
Taxable -- -- (54) (472,774) (1,097,842)
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