EX-12.1 4 h49016exv12w1.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
GOODRICH PETROLEUM CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
                                                         
    Six Months     Six Months        
    ended     ended     Year ended December 31,  
    June 30,     June 30,                                
    2007     2006     2006     2005     2004     2003     2002  
    (In thousands, except ratios)  
Earnings:
                                                       
Income (loss) from continuing operations before income taxes
  $ (23,755 )   $ 17,555     $ 14,419     $ (37,554 )   $ (3,606 )   $ (7,768 )   $ (6,771 )
Plus: fixed charges
    4,846       2,197       7,845       2,359       1,110       1,051       985  
 
                                         
Earnings available for fixed charges
  $ (18,909 )   $ 19,752     $ 22,264     $ (35,195 )   $ (2,496 )   $ (6,717 )   $ (5,786 )
 
                                         
Fixed Charges:
                                                       
Interest expense
  $ 4,846     $ 2,197     $ 7,845     $ 2,359     $ 1,110     $ 1,051     $ 985  
 
                                         
Total fixed charges
  $ 4,846     $ 2,197     $ 7,845     $ 2,359     $ 1,110     $ 1,051     $ 985  
 
                                         
Ratio of Earnings to Fixed Charges
    (a )     8.99       2.84       (b )     (c )     (d )     (e )
 
                                         
 
(a)   Earnings for the six months ended June 30, 2007 were inadequate to cover fixed charges. The coverage deficiency was $23,755 thousand.
 
(b)   Earnings for the year ended December 31, 2005 were inadequate to cover fixed charges. The coverage deficiencywas $37,554 thousand.
 
(c)   Earnings for the year ended December 31, 2004 were inadequate to cover fixed charges. The coverage deficiency was $3,606 thousand.
 
(d)   Earnings for the year ended December 31, 2003 were inadequate to cover fixed charges. The coverage deficiency was $7,768 thousand.
 
(e)   Earnings for the year ended December 31, 2002 were inadequate to cover fixed charges. The coverage deficiency was $6,771 thousand.