EXHIBIT 11.1
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1994
Weighted Average Shares Outstanding:
# Days
Total Shares Outstanding
9,864,629 x 3 = 29,593,887
9,872,629 x 1 = 9,872,629
9,874,629 x 1 = 9,874,629
9,875,629 x 1 = 9,875,629
9,880,629 x 4 = 39,522,516
9,881,629 x 1 = 9,881,629
9,882,629 x 22 = 217,417,838
9,892,949 x 4 = 39,571,796
9,901,209 x 3 = 29,703,627
9,909,609 x 15 = 148,644,135
9,917,609 x 4 = 39,670,436
9,969,809 x 3 = 29,909,427
9,970,609 x 21 = 209,382,789
9,975,609 x 73 = 728,219,457
9,979,609 x 36 = 359,265,924
9,980,409 x 20 = 199,608,180
9,983,809 x 11 = 109,821,899
9,988,409 x 142 = 1,418,354,078
--- -------------
365 3,638,190,505
Weighted Avg. Shares: 3,638,190,505 / 365 = 9,967,645
=========
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1994
Loss Per Share:
Net Loss plus dividend accrual plus
accretion of offering costs $(7,452,835) = $($0.75)
--------------------------- ---------- =======
Weighted Avg. Shares 9,967,645
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1995
Weighted Average Shares Outstanding:
# Days
Total Shares Outstanding
9,988,409 x 28 = 19,976,81
9,998,409 x 28 = 279,955,452
9,999,404 x 4 = 39,997,616
10,000,604 x 4 = 40,002,416
10,040,604 x 16 = 160,649,664
10,041,604 x 1 = 10,041,604
10,046,604 x 62 = 622,889,448
10,228,645 x 21 = 214,801,545
10,233,645 x 89 = 910,794,405
10,235,645 x 2 = 20,471,290
10,237,645 x 7 = 71,663,515
10,242,640 x 18 = 184,367,520
10,249,640 x 13 = 133,245,320
10,258,241 x 7 = 71,807,687
10,270,241 x 1 = 10,270,241
10,293,241 x 4 = 41,172,964
10,368,241 x 3 = 31,104,723
10,370,749 x 23 = 238,527,227
10,512,618 x 1 = 10,512,618
10,513,388 x 6 = 63,080,328
10,514,288 x 1 = 10,514,288
10,514,788 x 2 = 21,029,576
10,516,788 x 2 = 21,033,576
10,524,188 x 30 = 315,725,640
10,524,268 x 18 = 189,436,824
--- --------------
365 3,733,072,305
Weighted Avg. Shares: 3,733,072,305 / 365 = 10,227,595
==========
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1995
Loss Per Share:
Net Loss plus dividend accrual plus
accretion of offering costs $(9,713,069) = $(0.95)
--------------------------- ----------- ======
Weighted Avg. Shares 10,227,595
ENERGY BIOSYSTEMS CORPORATION
COMPUTATION OF EARNINGS PER SHARE
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1996
Weighted Average Shares Outstanding:
Total Shares # Days Outstanding
10,584,268 x 23 = 243,438,164
11,107,568 x 14 = 155,505,952
11,139,268 x 27 = 300,760,236
11,140,768 x 8 = 89,126,144
11,142,868 x 55 = 612,857,740
11,301,975 x 28 = 316,455,300
11,302,025 x 16 = 180,832,400
11,303,525 x 7 = 79,124,675
11,309,355 x 1 = 11,309,295
11,309,355 x 5 = 56,546,775
11,310,855 x 7 = 79,175,985
11,311,955 x 5 = 56,559,775
11,316,955 x 4 = 45,267,820
11,318,210 x 28 = 316,909,880
11,320,010 x 4 = 45,280,040
11,320,210 x 23 = 260,364,830
11,325,210 x 41 = 464,333,610
11,326,210 x 9 = 101,935,890
11,490,770 x 52 = 597,520,040
11,497,135 x 9 = 103,474,215
--- -------------
366 4,116,778,766
Weighted Avg. Shares: 4,116,778,766 / 366 = 11,248,029
==========
FOR THE TWELVE MONTHS ENDED DECEMBER 31, 1996
Loss Per Share:
Net Loss plus dividend accrual plus
accretion of offering costs $(11,720,213) = $(1.04)
--------------------------- ------------ ======
Weighted Avg. Shares 11,248,029