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[QUOTE]Originally posted by Purl Gurl: [QB] [...] RESULTS OF OPERATIONS Revenues for the three month period ending June 30, 2006 were $767,097 and $15,105 for the same period ending June 30, 2005, or an increase of $751,992. Revenues for the six month period ending June 30, 2006 were $$1,101,829 and $158,478 for the same period ending June 30 2005, or an increase of $943,351. The main difference was caused by the increase in contracting revenues for both periods in 2006 compared to the previous year. Gross profit (loss) for the three month period ending June 30, 2006 was $240,971 compared to ($13,167) for the same period ending June 30, 2005, a difference of $254,138. Gross profits (loss) for the six month period ending June 30, 2006 was $401,399 compared to ($21,319) for the same period ending June 30, 2005, or an increase of 1,306% This was due to the increased revenues for the periods ending June 30, 2006 over the same period ended June 30, 2005. Total operating expenses for the three month period ending June 30, 2006 was $781,595 compared to $1,131,804 for the same period ending June 30, 2005 or an decrease of 31%. Total Operating expenses for the six month period ending June 30, 2006 was $1,848,718 compared to $1,848,318 for the same period ending June 30, 2005. Although the Company recognized less administrative costs and professional fees in the period ended June 30, 2006 compared to the same period ended June 30, 2005, more exploration and development costs were incurred. Our net profit (loss) for the three month period ending June 30, 2006 was ($547,148) compared to ($1,129,448) for the same period ending June 30, 2005, or a decrease of 51%. For the six month period ending June 30, 2006 net profit (loss) was ($1,442,884) compared to ($1,887,131) for the same period ending June 30, 2005, or a decreases of 23%. Although the Company experienced more exploration and development expenses for the periods ended June 30, 2006 compared to the same period ended June 30, 2005, the increased revenues helped offset them. [...] [/QB][/QUOTE]
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