Rockdale Resources Corporation 8-K/A
Exhibit 99.3
Rockdale Resources Corporation
Unaudited Pro-forma Statement of Operations
Year Ended December 31, 2014
Rockdale Resources | SUDS Properties | Combined | ||||||||||
Oil and gas sales | $ | 683,536 | $ | 24,066 | 707,602 | |||||||
Operating expenses | ||||||||||||
Lease operating expense | 290,557 | 33,156 | 323,713 | |||||||||
Production tax | 29,748 | 1,733 | 31,481 | |||||||||
General and administrative expenses | 1,756,668 | — | 1,756,668 | |||||||||
Depreciation, depletion and amortization | 165,943 | — | 165,943 | |||||||||
Asset retirement obligation | 1,872 | — | 1,872 | |||||||||
Total operating expenses | 2,244,788 | 34,889 | 2,279,677 | |||||||||
Loss from operations | (1,561,252 | ) | (10,823 | ) | (1,572,075 | ) | ||||||
Interest (expense) | (113,281 | ) | — | (113,281 | ) | |||||||
Net loss | $ | (1,674,533 | ) | $ | (10,823 | ) | (1,685,356 | ) |
Rockdale Resources Corporation
Unaudited Pro-forma Statement of Operations
Six Months Ended June 30, 2015
(unaudited)
Rockdale Resources | SUDS Properties | Combined | ||||||||||
Oil and gas sales | $ | 128,159 | $ | 10,456 | 138,615 | |||||||
Operating expenses | ||||||||||||
Lease operating expense | 134,054 | 16,270 | 150,324 | |||||||||
Production tax | 5,917 | 753 | 6,670 | |||||||||
General and administrative expenses | 243,482 | — | 243,482 | |||||||||
Depreciation, depletion and amortization | 59,210 | — | 59,210 | |||||||||
Impairment of oil & gas properties | 668,073 | — | 668,073 | |||||||||
Total operating expenses | 1,110,736 | 17,023 | 1,127,759 | |||||||||
Loss from operations | (982,577 | ) | (6,567 | ) | (989,144 | ) | ||||||
Interest expense | (88,030 | ) | — | (88,030 | ) | |||||||
Loss on conversion of debt | (69,107 | ) | — | (69,107 | ) | |||||||
Other income | 8,484 | — | 8,484 | |||||||||
Net loss | $ | (1,131,230 | ) | $ | (6,567 | ) | (1,137,797 | ) |