EX-11 2 ex11-1.txt EX11-1.TXT EXHIBIT 11.1 CASTLE ENERGY CORPORATION STATEMENT OF COMPUTATION OF EARNINGS PER SHARE (DOLLARS IN THOUSANDS, EXCEPT PER SHARE AMOUNTS) (UNAUDITED)
THREE MONTHS ENDED DECEMBER 31, --------------------------------------------------------- 2004 2003 --------------------------- --------------------------- BASIC DILUTED BASIC DILUTED ------------ ------------ ------------ ------------ I. Shares Outstanding, Net of Treasury Stock Purchased During the Period: Stock, net 6,892,389 6,892,389 6,592,884 6,592,884 Purchase of treasury stock (weighted) ------------ ------------ ------------ ------------ 6,892,389 6,892,389 6,592,884 6,592,884 II. Weighted Equivalent Shares: Assumed options and warrants exercised 222,481 ------------ ------------ ------------ ------------ III. Weighted Average Shares and Equivalent Shares 6,892,389 7,114,870 6,592,884 6,592,884 ============ ============ ============ ============ IV. Net Income (Loss) $ 343 $ 343 $ (1,248) $ (1,248) ============ ============ ============ ============ V. Net Income (Loss) Per Share $ 0.05 $ 0.05 $ (0.19) $ (0.19) ============ ============ ============ ============