<PAGE>
UNAUDITED PRO FORMA CONDENSED STATEMENT OF INCOME
FOR THE NINE MONTHS ENDED JUNE 30, 1995
(IN THOUSANDS, EXCEPT FOR PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
PRO FORMA ADJUSTMENTS
----------------------------
ENERGY
RESTATED INDUSTRIES CIMARRON
HISTORICAL(1) SALE SALE AS ADJUSTED
------------- -------------- ------------ ------------
<S> <C> <C> <C> <C>
Revenues $179,708 $53,086 $57,829 $ 68,793
Operating income (loss) (6,701) 4,801 (482) (11,020)
Income (loss) from continuing operations (3,463) 1,760(2) (635)(2) (4,588)
Per common share income (loss) from (0.11) 0.06 (0.02) (0.15)
continuing operations
Common stock dividends declared, ---- ---- ---- ----
per share
</TABLE>
_______________________________
(1) The Company's historical results of operations for the nine months ended
June 30, 1995 have been restated to reflect Energy Industries in continuing
operations for the period.
(2) The pro forma adjustments include allocations of interest expense on general
corporate debt of $1.2 million to Energy Industries and $370,000 to
Cimarron.
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