| Balance Sheet for TXCO Resources Inc. (TXCO) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 9,831 | 3,882 | 6,083 | 3,118 | 6,181 | | Marketable Securities | - | - | - | - | - | | Receivables | 22,926 | 9,132 | 9,344 | 8,985 | 4,838 | | Inventories | - | - | - | - | - | | Other Current Assets | - | - | - | - | - | | Total Current Assets | 35,746 | 18,369 | 17,047 | 13,038 | 11,737 | | | Gross Fixed Assets | 428,321 | 172,664 | 126,463 | 133,296 | 94,520 | | Accumulated Depreciation | (113,380) | (53,090) | (41,996) | (38,459) | (28,364) | | Net Fixed Assets | 314,941 | 119,574 | 84,467 | 94,836 | 66,156 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 3,920 | 548 | 780 | 1,130 | 1,080 | | Total Non-Current Assets | 318,861 | 125,432 | 92,489 | 101,200 | 72,469 | | Total Assets | 354,607 | 143,801 | 109,536 | 114,237 | 84,206 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 11,345 | 7,969 | 10,003 | 10,389 | 11,896 | | Short Term Debt | - | - | 2,346 | 1,666 | 1,752 | | Other Current Liabilities | 40,788 | 6,503 | 9,400 | 6,512 | 416 | | Total Current Liabilities | 59,658 | 16,095 | 24,228 | 18,567 | 14,064 | | | Long Term Debt | 100,000 | 2,351 | 462 | 17,099 | 15,426 | | Deferred Income Tax | 12,007 | - | - | - | - | | Other Non-Current Liabilities | 8,226 | 1,703 | 1,565 | 1,897 | 11,731 | | Minority Interest | - | - | - | - | 193 | | Total Non-Current Liabilities | 120,233 | 4,054 | 2,027 | 29,988 | 27,350 | | Total Liabilities | 179,891 | 20,149 | 26,255 | 48,555 | 41,414 | | | Preferred Stock Equity | 1 | - | - | - | - | | Common Stock Equity | 174,715 | 123,652 | 83,281 | 65,682 | 42,792 | | Total Equity | 174,716 | 123,652 | 83,281 | 65,682 | 42,792 | | Total Liabilities & Stock Equity | 354,607 | 143,801 | 109,536 | 114,237 | 84,206 | | | |
