Trek Announces Financial Results for Fiscal 2004 DALLAS, Dec. 30 /PRNewswire-FirstCall/ -- Trek Resources, Inc. (OTC:TREK) (BULLETIN BOARD: TREK) reports today that its results for fiscal 2004 reflect net income of $2,087,000, or $.42 per diluted share, compared to a net income of $1,327,000, or $.28 per diluted share for the prior year. The Company's results of operations during fiscal 2004 were favorably impacted by higher oil and natural gas prices, lower interest expense, and the absence of hedging losses. Offsetting those effects were lower oil and natural gas volumes, higher lease operating expenses, general & administrative expenses and higher depletion expense. Oil and natural gas sales were $8.9 million during fiscal 2004, compared to $8.1 million in fiscal 2003. This increase was the effect of $1.2 million related to higher prices on oil and natural gas sales reduced by a $400,000 decrease related to oil and natural gas sales volumes. Weighted average annual prices were $36.11 per Bbl and $5.29 per Mcf of natural gas during fiscal 2004 compared to $29.64 per Bbl and $4.87 per Mcf in 2003. We sold 137 MBbls of oil during fiscal 2004 versus 139 MBbls in the prior year. Corresponding natural gas sales were 742 MMcf in fiscal 2004 and 812 MMcf in fiscal 2003. About Trek: Trek Resources, Inc. is a Dallas-based domestic oil and gas acquisition and production company with oil and gas assets in Texas and Oklahoma. Trek operates approximately 330 producing wells. More information about Trek may be found at the Company's web site, http://www.trekresources.com/ . FORWARD-LOOKING STATEMENTS: This press release contains certain forward- looking statements. These forward-looking statements include information about possible or assumed future results of the Company's operations. When statements in this press release contain any of the words "believes," "expects," "intends," "anticipates," or similar expressions, the Company is making forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Factors that might cause such a difference include those detailed from time to time in the Company's filings with the SEC. DATASOURCE: Trek Resources, Inc. CONTACT: Michael E. Montgomery of Trek Resources, Inc., +1-214-373-0318, or Web site: http://www.trekresources.com/

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