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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 September 30,
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1996 1997
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Average shares outstanding 14,674 20,379
Net effect of conversion of warrants and stock options 484 582
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Total primary and fully diluted shares 15,158 20,961
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Net income $ 2,719 $ 2,809
Less preferred stock dividends (584) (584)
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Net income applicable to common shares $ 2,135 $ 2,225
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Earnings per common share $ .14 $ .11
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