27 Mar 1997annual report▲ Good
FY1996: net loss narrowed further to $133,243 on revenue of $956,541, as the average realized oil price rose to $20.34/barrel (from $16.59) despite another production decline.
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29 Mar 1996annual report▼ Bad
FY1995: Petrol Industries, a small Shreveport, Louisiana oil/gas operator, posted a net loss of $171,620 on revenue of $849,750, narrowing slightly from FY1994's $180,338 loss as cost cuts partly offset a further production decline. The company earns fees drilling and operating wells for two 1980s-vintage limited partnerships, keeping 75% of net revenues from the wells it operates for them.