ENERGY SEARCH INC
10KSB, 2000-03-30
DRILLING OIL & GAS WELLS
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EXHIBIT 11.1

ENERGY SEARCH, INCORPORATED
COMPUTATION OF EARNINGS PER SHARE COMMON SHARE


 
 
Year Ended
December 31, 1999

 
BASIC EARNINGS (LOSS) PER SHARE    
  Net income (loss) 
(3,227,976
)
  Payment of dividends on preferred stock 
86,895
 
  Shares    
    Weighted average shares outstanding 
4,198,364
 
  Basic earnings (loss) per share 
(.79
)
     
DILUTED EARNINGS (LOSS) PER SHARE    
  Net income (loss) 
(3,227,976
)
  Payment of dividends on preferred stock 
86,895
 
  Shares    
    Weighted average shares outstanding 
4,198,364
 
  Diluted earnings (loss) per share 
(.79
)



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