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EXHIBIT 11.1
LOMAK PETROLEUM, INC.
Computation of Earnings Per Common
and Common Equivalent Shares
(In thousands, except per share data)
Three Months Ended September 30,
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1995 1996
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Average shares outstanding 11,939 14,674
Net effect of conversion of warrants and stock options 191 484
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Total primary and fully diluted shares 12,130 15,158
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Net income $ 897 $ 2,719
Less preferred stock dividends (94) (584)
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Net income applicable to common shares $ 803 $ 2,135
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Earnings per common share $ .07 $ .14
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