OTC Bulletin Board S & P Company Insight for ENDEVCO INC
Profile
	Business Summary: EnDevCo, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the United States and South America.   Address   2425 Fountainview Ste 215   Houston , TX 77057-4811   Phone: 713-977-4662   Fax: 713-977-9204   Website: http://www.endevcoinc.com Transfer Agent   Company's office Employees:  5 ShareHolders:  6300 Founded:  1980 Domicile:  Texas
Background
	EnDevCo, Inc., together with its subsidiaries, engages in the exploration, development, and production of oil and gas in the United States and South America. It holds development rights in two blocks in the Gulf of Mexico; and has agreement for exploration rights in the Rio Magdalena Valley of Colombia and Block XXIV in Peru. The company is also evaluating other opportunities located in Canada, South America, North Africa, and the Middle East. EnDevCo, Inc. was formerly known as Adair International Oil and Gas, Inc. The company was incorporated in 1980 and is based in Houston, Texas. History:  INCORPORATED in Texas Nov. 7, 1980, as Roberts Oil and Gas, Inc.; name changed to Adair International Oil and Gas, Inc. July 25, 1997, and to EnDevCo, Inc. Sept. 30, 2003.   Subsidiaries: Adair Colombia Oil & Gas, S.A. Africa Energy Group, Inc. EnDevCo Minerals, Inc. EnDevCo Refining Corporation Superior Stock Transfer, Inc.     Capital Expenditures, thousand. US Dollars   Year   Amount   2007   1,408   2006   15,746   2005   532
Management
	Management Officers Position  Chris A. Dittmar Secretary & Chief Executive Officer  Joseph  Lessard Chief Financial Officer  Richard G. Boyce Chief Operating Officer Directors  Richard G. Boyce  John A. Brush  Frederick  Cedoz  Charles R. Close  Chris A. Dittmar
Annual Report
	Annual Report   Income Statement   2007 2006 Revenues 1,785,259 1,919,184 Cost of Revenues 1,566,650 1,311,175 General and Administrative exps. 1,126,152 1,960,925 Salaries and Wages 949,500 877,000 Shareholder Services Expense 40,662 43,184 Interest and other income 86,608 1,423,963 Lawsuit settlement -- 74,828 Hedging Income (1,595,010) 32,754 Interest Expense, net 2,116,616 1,164,039 Net income (5,522,723) (1,905,594) Share earns. basic ($2.13) ($0.82) Share earns. diluted ($2.13) ($0.82)   Balance Sheet   2007 2006 ASSETS Current Assets Cash 1,135 1,063,994 Accounts Receivable 230,770 206,528 Prepaid Expense 3,687 29,833 Total Current Assets 235,592 1,300,355 Net Property and Equipment 18,752,034 17,799,186 Total Assets 18,987,626 19,099,541 LIABILITIES Current Liabilities Accounts payable and accruals 7,553,856 4,643,028 Notes Payable - Related Party -- 1,313,224 Total Current Liabilities 7,553,856 5,956,252 Notes Payable 13,373,910 11,649,220 Notes Payable - Related Party 1,813,224 500,000 Minority Interest 3,000,000 3,000,000 STOCKHOLDERS' EQUITY Series A Convertible Preferred Stock, $0.01 par value, 68,701 63,151 Common Stock, no par 38,474,092 38,253,852 Additional Paid in Capital 6,801,370 6,251,870 Retained Deficit (52,097,527) (46,574,804) Total Liabilities and Stockholders' Deficit 18,987,626 19,099,541
Interim Report
	Interim Report      Data Not Available
Pro Forma Report
	Pro Forma Report      Data Not Available
Quarterly Report
	Quarterly Report Information      Quarterly Revenue, US$ Year Quarter Revenue   2008   1 570,000   2008   2 1,130,000   2008   3 1,020,000   2007   1 390,000   2007   2 470,000   2007   3 400,000   2007   4 520,000   2007   Full Year 1,790,000   2006   1 490,000   2006   2 460,000   2006   3 640,000   2006   Full Year 2,070,000   2005   2 Nil   2005   3 Nil   2005   Full Year Nil   2004   Full Year 460,000     Quarterly Net Income, US$ Year Quarter Revenue   2008   1 (3,630,000)   2008   2 (4,310,000)   2008   3 3,470,000   2007   1 (610,000)   2007   2 (1,470,000)   2007   3 (1,000,000)   2007   4 (2,450,000)   2007   Full Year (5,520,000)   2006   1 0   2006   2 (1,210,000)   2006   3 (850,000)   2006   Full Year (1,201,500)   2005   2 (60,000)   2005   3 (330,000)   2005   Full Year (701,400)   2004   Full Year (4,299,000)   2003   Full Year (4,330,000)     Quarterly EPS, US$ Year Quarter Revenue   2008   1 (.17)   2008   2 (.06)   2008   3 .05   2007   1 Nil   2007   2 (1.00)   2007   3 (.39)   2007   4 (.89)   2007   Full Year (2.15)   2006   1 Nil   2006   2 (1.00)   2006   3 Nil   2006   Full Year (1.00)   2005   2 Nil   2005   3 Nil   2005   Full Year Nil   2004   Full Year (2.00)
Stock Data
	Capitalization as of 03/31/2008:     Authorized Shares Outstanding Shares Common no par 500,000,000 71,752,094 Preferred $0.01 par 10,000,000 None   LONG TERM DEBT: $15,433,359.   Common no par   Stockholders:  12/31/2007, 6300. PRINCIPAL STOCKHOLDERS: January 25, 2008, Richard G. Boyce owned or controlled 14.3% of the voting power, Chris A. Dittmar 13.8% and Larry Swift 7.1%.   Transfer Agent:  Company's office   OTC Bulletin Board( Primary): EDVC   Exchange Year High Low OTC Bulletin Board 2008 7.5000 0.8200 OTC Bulletin Board 2007 0.0600 0.0100 OTC Bulletin Board 2006 0.1030 0.0100 OTC Bulletin Board 2005 0.0650 0.0110 OTC Bulletin Board 2004 0.1600 0.0100 OTC Bulletin Board 2003 0.0460 0.0100 OTC Bulletin Board 2002 0.0700 0.0090 OTC Bulletin Board 2001 0.6600 0.0530 OTC Bulletin Board 2000 0.8800 0.1900   DIVIDENDS: Common no par: No cash.