CKX(US:CKX)2021-11-04 16:00Revenue Performance - Total revenues for the three months ended September 30, 2021, were $173,546, an increase of approximately 7.9% compared to the same period in 2020[68]. - Oil and gas revenues for the three months ended September 30, 2021, were $108,208, representing a 113.0% increase from $50,811 in the same period in 2020[68]. - Timber revenue decreased to $11,936 for the three months ended September 30, 2021, down 79.9% from $59,416 in the same period in 2020[73]. - Surface revenues increased by $2,787 to $53,402 for the three months ended September 30, 2021, a 5.5% increase from $50,615 in the same period in 2020[68]. - For the nine months ended September 30, 2021, total revenues were $539,729, an increase of approximately $9,799 or 1.8% compared to the same period in 2020[76]. - Oil and gas revenues for the nine months ended September 30, 2021, were $257,555, a 10.2% increase from $233,789 in the same period in 2020[77]. - Timber sales for the nine months ended September 30, 2021, were $114,877, a significant increase of 61.7% from $71,052 in the same period in 2020[76]. - Surface revenue for the nine months ended September 30, 2021, decreased by $57,792 to $167,297, a 25.7% decline from $225,089 in the same period in 2020[76]. Production and Pricing - Net oil production decreased to 3,975 Bbl for the nine months ended September 30, 2021, down from 4,380 Bbl in the same period of 2020, representing a decline of approximately 9.2%[78]. - Average oil sales price increased to $56.90 per Bbl for the nine months ended September 30, 2021, compared to $46.67 per Bbl in 2020, reflecting a rise of approximately 21.5%[78]. - Net gas production decreased to 9,275 MCF for the nine months ended September 30, 2021, down from 13,066 MCF in 2020, a decline of about 29.0%[78]. - Average gas sales price increased to $3.04 per MCF for the nine months ended September 30, 2021, compared to $2.11 per MCF in 2020, an increase of approximately 43.9%[78]. - Oil revenues increased by $21,735 for the nine months ended September 30, 2021, compared to the same period in 2020, while gas revenues increased by $624[78]. Asset and Cash Flow - Current assets totaled $8,002,918 with current liabilities of $323,965 as of September 30, 2021, indicating a strong liquidity position[87]. - Net cash provided by operating activities was ($63,893) for the nine months ended September 30, 2021, compared to $176,539 in 2020, reflecting a significant decrease[90]. Land and Real Estate - The company has small royalty interests in 20 different producing oil and gas fields, with interests ranging from 0.0045% to 7.62%[57]. - The company is actively searching for additional real estate for purchase in Louisiana, focusing on timberland and agricultural land[62]. - Gain on sale of land was $851,582 for the nine months ended September 30, 2021, compared to $295,238 in 2020, an increase of approximately 187.5%[86]. Timber Revenue - Timber revenue rose to $114,877 for the nine months ended September 30, 2021, up from $71,052 in 2020, marking an increase of approximately 61.5%[81]. - Surface revenues decreased by $57,792 for the nine months ended September 30, 2021, due to a reduction in one-time right of way income[82].