Exhibit A

NATIONAL FUEL RESOURCES, INC.
INCOME STATEMENT

	Three Months Ended March 31, 2004 Actual			Twelve Months Ended March 31, 2004 Actual
Operating Revenues	$	116,403,435		$	309,439,383
Operating Expenses:
Purchased Gas		109,296,510			300,397,132
Purchased Electric		(839	)		(336	)
Operation		1,194,603			3,359,796
Depreciation, Depletion
& Amortization		26,750			118,737
Franchise & Other Taxes		161,882			170,209
		110,678,906			304,045,538
Operating Income		5,724,529			5,393,845
Interest Income		196,495			856,038
Interest Expense		31,682			49,400
Net Income Before Taxes		5,889,342			6,200,483
Income Taxes:
Federal		1,798,500			1,897,940
State		439,943			(152,859	)
Deferred		109,713			438,611
		2,348,156			2,183,692
Net Income	$	3,541,186		$	4,016,791