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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Business Summary: Daybreak Oil and Gas, Inc., an independent oil and gas company, engages in the exploration, development, and production of oil and gas. It holds projects in California.
 
Address
  601 W. Main Ave., Suite 1012
  Spokane , WA 99201
  Phone: 509-232-7674
  Website: http://www.daybreakoilandgas.com
Auditor
  MaloneBailey, LLP
Transfer Agent
  Computershare Trust Company, N.A.
Employees:  6
ShareHolders:  2227
Founded:  1955
Domicile:  Washington
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Daybreak Oil and Gas, Inc., an independent oil and gas company, engages in the exploration, development, and production of oil and gas. It holds projects in California. In FY 10 (Feb.), Daybreak's net share of production volume was 9,219 barrels of oil and 246,000 cubic feet of gas. The company was formerly known as Daybreak Mines, Inc. and changed its name to Daybreak Oil and Gas, Inc. in October 2005 as a result of its business focus shift from mineral exploration to oil and natural gas exploration. Daybreak Oil and Gas, Inc. was incorporated in 1955 and is based in Spokane, Washington.
History:  INCORPORATED in Washington Mar. 11, 1955, as Daybreak Uranium, Inc.; name changed to Daybreak Mines Inc. May 4, 1964; and to Daybreak Oil and Gas, Inc. Oct. 26, 2005.
 
 
 
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Management
OfficersPosition
 Dale B. LavigneChairman
 James F. WestmorelandPresident, Chief Accounting Officer, Interim Chief Financial Officer & Chief Executive Officer
 Bennett W. AndersonChief Operating Officer
 Robert  MartinSR VP
 Karol L. AdamsSecretary
 Thomas C. KilbourneController
 Ed  CapkoInvestor Relations Contact

Directors
 Wayne G. Dotson
 Dale B. Lavigne
 Ronald D. Lavigne
 Timothy R. Lindsey
 James F. Meara
 James F. Westmoreland
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Capitalization as of 02/28/2010:
 
 Authorized SharesOutstanding Shares
Preferred $0.001 par10,000,0001,008,565so1
Common $0.001 par200,000,00047,785,599
 
LONG TERM DEBT: $454,944.
 
Common $0.001 par
 
RECENT COMMON OFFERINGS: June 7, 2005, the company commenced an offering of Common stock under Regulation D Rule 506. The company offered 4,000,000 Common shares and sold a total of 4,400,000 Common shares for $1,100,000. In the months of March and April 2006, the company conducted a private placement offering of Common stock. The company offered units for sale which included two Common shares and one warrant share for $1.50 per unit. Gross proceeds from the sale were $6,020,404, which equaled 4,013,602 units. A total of 8,027,206 shares of restricted Common stock were issued. Additionally, a total of 4,013,602 warrant shares could be issued from this private placement. These warrant shares will be exercisable at a price of $2.00 per share for a period of five years and have a cashless excise provision. This offering was made pursuant to a Rule 506 exemption from registration promulgated under Regulation D of the Securities Act of 1933, as amended.
 
Stockholders:  05/27/2010, 2227.
Transfer Agent:  Computershare Trust Company, N.A.   Canton , MA
 
OTC Bulletin Board( Primary): DBRM
 
ExchangeYearHighLow
OTC Bulletin Board20090.18000.0500
OTC Bulletin Board20080.53000.0800
OTC Bulletin Board20071.34000.2500
OTC Bulletin Board20063.15000.9500
OTC Bulletin Board20050.95000.1150
 
DIVIDENDS: Common $0.001 par: None.
 
 
  so1Closely held. Consists of shares of Series A Convertible Preferred stock, 6% cumulative dividends. Each Series A share is convertible into 3 Common shares.
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Annual Report
 
Income Statement
  20102009
REVENUES
Oil and Gas Sales471,44253,171
EXPENSES
Production Costs(269,820)(57,048)
General and Administrative(1,606,874)(2,309,994)
Exploration and Drilling(301,912)(1,304,894)
Bad Debts Expenses(113,528)(326,707)
Depreciation, Depletion, Amortization and Impairment(550,755)(515,093)
Interest Expense(9,504)(2,577)
Dividend Income-30,256
Interest Income13,4877,671
Earnings before Taxes(2,367,464)(4,425,215)
TAXES AND OTHER EXPENSES
Earnings of Discontinued Operations107,599233,898
Gain from Sale of Oil and Gas Properties (net of Tax-4,060,820
Net Income (Loss)(2,259,865)(130,497)
CHARGES ON NET INCOME
Dividends on Preferred Stock(188,824)(208,878)
Net Income Available to Common Shareholders(2,448,689)(339,375)
SUPPLEMENTARY INFO
Operating Income (Loss)(2,371,447.00)(4,460,565.00)
Basic EPS - Continuing Operations(0.05)(0.10)
Basic EPS - Discontinued Operations-0.09
Basic Earnings Per Share ? Total(0.05)(0.01)
 
Balance Sheet
  20102009
CURRENT ASSETS
Cash and Cash Equivalents247,9512,282,810
Oil and Gas Sales257,11013,731
Production Revenue Receivable25,000-
Joint Interest Participants215,648288,548
Receivables Associated with Assets Held for Sale303,097196,234
Prepaid Expenses and Other Current Assets21,7352,890
Total Current Assets1,070,5412,784,213
NON CURRENT ASSETS
Unproved Properties17,350-
Proved Properties1,193,449356,280
Net Vehicles and Equipment1,4887,576
Production Revenue Receivable -long Term325,000-
Other Assets402,208390,454
Total Assets3,010,0363,538,523
CURRENT LIABILITIES
Accounts Payable-related Parties31,8987,384
Accounts Payable and Other Accrued Liabilities1,240,909323,572
Accrued Interest5,408-
Liabilities Associated With Assets Held for Sale110,12425,351
Total Current Liabilities1,388,339356,307
NON CURRENT LIABILITIES
Notes Payable454,944-
Preferred Stock Convertible1,0091,061
Asset Retirement Obligations53,31820,011
SHAREHOLDERS' EQUITY
Common Stock - Par Value47,78645,081
Additional Paid in Capital22,255,80022,047,360
Accumulated Deficit(21,191,160)(18,931,300)
Total Shareholders Equity1,113,4353,162,205
Total Liabilities & Shareholders Equity3,010,0363,538,523
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Interim Report   
 
Data Not Available
 
 
 
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Pro Forma Report   
 
Data Not Available
 
 
 
 
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Daybreak Oil and Gas, Inc.
Symbol:  DBRM


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Quarterly Report Information   
 
Quarterly Revenue, US$
YearQuarterRevenue
  2011   1190,000
  2010   140,000
  2010   2130,000
  2010   3120,000
  2010   4190,000
  2010   Full Year 470,000
  2009   1110,000
  2009   2110,000
  2009   360,000
  2009   4(80,000)
  2009   Full Year 200,000
  2008   1230,000
  2008   2290,000
  2008   3130,000
  2008   Full Year 370,000
  2007   1Nil
  2007   2270,000
  2007   3220,000
  2007   4140,000
  2007   Full Year 630,000
  2006   Full Year Nil
 
 
Quarterly Net Income, US$
YearQuarterRevenue
  2010   1(400,000)
  2010   Full Year (2,370,000)
  2009   1(880,000)
  2009   2(520,000)
  2009   3(470,000)
  2009   4(500,000)
  2009   Full Year (4,270,000)
  2008   1(530,000)
  2008   2(530,000)
  2008   3(1,310,000)
  2008   4(1,900,000)
  2008   Full Year (4,700,000)
  2007   1(620,000)
  2007   2(940,000)
  2007   3(650,000)
  2007   Full Year (8,390,000)
  2006   1(520,000)
  2006   2(290,000)
  2006   3(1,000,000)
  2006   Full Year (2,025,300)
 
 
Quarterly EPS, US$
YearQuarterRevenue
  2011   1(.01)
  2010   1(.02)
  2010   2(.01)
  2010   3(.01)
  2010   4(.01)
  2010   Full Year (.05)
  2009   1(.01)
  2009   2(.01)
  2009   3(.03)
  2009   4(.04)
  2009   Full Year (.10)
  2008   1(.02)
  2008   2(.02)
  2008   3(.02)
  2008   Full Year (.12)
  2007   1(.02)
  2007   2(.01)
  2007   3(.03)
  2007   4(.13)
  2007   Full Year (.34)
  2006   1(.01)
  2006   2(.01)
  2006   3(.03)
  2006   4(.03)
  2006   Full Year (.09)
 
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