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EXHIBIT 11.1
LOMAK PETROLEUM, INC. AND SUBSIDIARIES
Computation of Earnings Per Common
and Common Equivalent Shares
(In thousands, except per share data)
Three Months Ended March 31,
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1994 1995
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Average shares outstanding 8,604 10,446
Net effect of conversion of warrants and stock options 168 109
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Total primary and fully diluted shares 8,772 10,555
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Net income $ 420 $ 795
Less preferred stock dividends (94) (94)
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Net income applicable to common shares $ 326 $ 701
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Earnings per common share $ .04 $ .07
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