----

|                                                          |   |                Three Months |            |   | Nine      Months    |   |
|---------------------------------------------------------------|--------|--------------------------------------------------------------------------|-----------------|--------|---------------------|--------|
|                                                          |   | Ended September      30,                                                 |            |   | Ended September 30, |   |
|                                                          |   | 2008                                                                     |            |   | 2007                |   |   | 2008 |   |   | 2007 |   |
| Basic      Earnings Per Share:                                |   |                                                                     |            |   |                |   |   |   |   |   |   |   |
| Net income (loss)                                             |   | $                                                                        | (18,973,446     | )      |                | $      | 3,296,943 |   |   | $ | (24,651,059 | ) |   | $ | 12,493,308 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Earnings on common      shares                                |   | $                                                                        | (18,973,446     | )      |                | $      | 3,296,943 |   |   | $ | (24,651,059 | ) |   | $ | 12,493,308 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average      commonshares outstanding -      basic   |   |                                                                     |  7,918,217 |   |                |   | 7,909,664 |   |   |   |  7,918,119 |   |   |   | 7,909,664 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Basic earnings per common      share                          |   | $                                                                        | (2.40           | )      |                | $      | 0.42 |   |   | $ | (3.11 | ) |   | $ | 1.58 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      Earnings Per Share:Net income (loss)             |   | $                                                                        | (18,973,446     | )      |                | $      | 3,296,943 |   |   | $ | (24,651,059 | ) |   | $ | 12,493,308 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Weighted average      commonShares outstanding -      diluted |   |                                                                     |  7,918,217 |   |                |   | 8,045,938 |   |   |   |  7,949,943 |   |   |   |  8,041,134 |   |
|                                                          |   |                                                                     |            |   |                |   |   |   |   |   |   |   |   |   |   |   |
| Diluted      earnings per common share                        |   | $                                                                        | (2.40           | )      |                | $      | 0.41 |   |   | $ | (3.10 | ) |   | $ | 1.55 |   |