But its not all doom and gloom on the markets, some companies are actually making money. Such as oil junior AED Oil [ASX:AED] released its first annual report showing revenues today.

Revenues of $144 million, and a net profit (including asset sales) of $242 million. The company has got a bundle of cash, $348 million and only a marginal amount of debt after selling a 60% stake in its assets to Chinese oil company Sinopec.

The company managed to secure an average oil price of USD$109 a barrel for the 1.379 million barrels that it extracted last year.

The share price remains a long way below the peak it reached last year of $11.40.