CKX(US:CKX)2021-08-05 16:00Revenue Performance - Total revenues for the three months ended June 30, 2021, were $211,306, an increase of approximately 12% compared to the same period in 2020[70]. - Oil and gas revenues for the three months ended June 30, 2021, were $99,202, a 46.0% increase from $67,929 in 2020[70]. - Timber revenue surged to $49,414 for the three months ended June 30, 2021, compared to $3,747 in 2020, marking a 1218.8% increase[70]. - For the six months ended June 30, 2021, total revenues were $366,182, a slight decrease of 0.8% from $369,088 in 2020[78]. - Oil and gas revenues for the six months ended June 30, 2021, were $149,347, down 18.4% from $182,979 in 2020[79]. - Timber sales for the six months ended June 30, 2021, increased to $102,941 from $11,635 in 2020, representing a 784.8% increase[78]. - Surface revenue for the six months ended June 30, 2021, decreased by 34.7% to $113,894 from $174,474 in 2020[78]. - Oil revenues decreased by $32,013 for the six months ended June 30, 2021, compared to the same period in 2020[80]. - Gas revenues decreased by $2,401 for the six months ended June 30, 2021, compared to the same period in 2020[80]. - Timber revenue increased to $102,941 for the six months ended June 30, 2021, from $11,635 in 2020, an increase of approximately 786.5%[83]. Production Metrics - Net oil production decreased to 2,322 Bbl in the six months ended June 30, 2021, from 3,120 Bbl in the same period of 2020, a decline of approximately 25.6%[80]. - Net gas production decreased to 7,284 MCF in the six months ended June 30, 2021, from 10,839 MCF in the same period of 2020, a decline of approximately 32.5%[80]. - Average oil sales price increased to $54.02 per Bbl in the six months ended June 30, 2021, compared to $50.46 per Bbl in 2020, an increase of 3.1%[80]. - Average gas sales price increased to $2.97 per MCF in the six months ended June 30, 2021, compared to $2.22 per MCF in 2020, an increase of 33.8%[80]. Financial Position - Current assets totaled $7,773,832 and current liabilities equaled $299,498 at June 30, 2021, indicating a strong liquidity position[89]. - General and administrative expenses decreased by $84,810 for the six months ended June 30, 2021, compared to the same period in 2020[87]. - Net cash provided by investing activities increased to $730,999 for the six months ended June 30, 2021, from $194,818 in 2020[93]. Business Operations - The company has small royalty interests in 20 different producing oil and gas fields, with interests ranging from 0.0045% to 7.62%[58]. - The company is actively searching for additional real estate for purchase in Louisiana, focusing on timberland and agricultural land[62].