Balance Sheet Summary*

Net Book L. T. Net Book

Value Debt Equity

Cash (Preferred Stock) 130 130

Proved Reserves 245 15 230

DeepWater Infrastructure 140 210 (70)

All other (leasehold) 45 45

Total 560 225 335

Remaining Deepwater Carry $ 40mm

Debt to total capitalization = 40%

* as of 6/30/99

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