Exhibit A

NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT

	Six Months Ended March 31, 2005		Twelve Months Ended March 31, 2005
	Actual		Actual
Operating Revenues	$	124,564,665	$	299,051,895
Operating Expenses:
Purchased Gas		119,240,503		287,909,167
Purchased Electric		--		(577	)
Operation		1,120,260		3,832,062
Depreciation, Depletion
& Amortization		22,169		89,633
Franchise & Other Taxes		24,900		188,863
		120,407,832		292,019,148
Operating Income		4,156,833		7,032,747
Interest Income		216,970		829,673
Interest Expense		2,704		(95	)
Net Income Before Taxes		4,371,099		7,862,515
Income Taxes:
Federal		1,316,941		1,849,632
State		330,822		464,533
Deferred		111,814		998,424
		1,759,577		3,312,589
Net Income	$	2,611,522	$	4,549,926