| Balance Sheet for Hallador Petroleum Company (HPCO) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 6,978 | 7,206 | 12,261 | 19,927 | 3,319 | | Marketable Securities | - | - | - | 252 | - | | Receivables | 2,361 | 1,513 | 2,148 | 4,489 | 1,562 | | Inventories | 92 | - | - | - | - | | Other Current Assets | 2,661 | - | - | - | - | | Total Current Assets | 12,092 | 8,782 | 14,409 | 24,668 | 4,881 | | | Gross Fixed Assets | 64,685 | 48,754 | 5,297 | 2,375 | 26,360 | | Accumulated Depreciation | (2,743) | (2,241) | (1,776) | (1,740) | (19,749) | | Net Fixed Assets | 61,942 | 46,513 | 3,521 | 635 | 6,611 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 13,223 | 6,528 | 4,674 | 217 | 720 | | Total Non-Current Assets | 75,165 | 53,041 | 8,195 | 852 | 7,331 | | Total Assets | 87,257 | 61,823 | 22,604 | 25,520 | 12,212 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 5,550 | 2,044 | 1,346 | 642 | 1,383 | | Short Term Debt | 1,893 | 1,718 | - | - | - | | Other Current Liabilities | 1,801 | 1,351 | 1,702 | 1,629 | 598 | | Total Current Liabilities | 9,244 | 5,613 | 3,048 | 2,271 | 1,981 | | | Long Term Debt | 33,464 | 23,500 | - | - | - | | Deferred Income Tax | - | - | - | - | - | | Other Non-Current Liabilities | 4,992 | 4,531 | - | - | 1,547 | | Minority Interest | 384 | - | - | 9,742 | 5,047 | | Total Non-Current Liabilities | 38,840 | 28,031 | - | 9,742 | 6,594 | | Total Liabilities | 48,084 | 33,644 | 3,048 | 12,013 | 8,575 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 39,173 | 28,179 | 19,556 | 13,507 | 3,637 | | Total Equity | 39,173 | 28,179 | 19,556 | 13,507 | 3,637 | | Total Liabilities & Stock Equity | 87,257 | 61,823 | 22,604 | 25,520 | 12,212 | | | |
