Colombia Energy Resources Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2011	FY 2010	FY 2009	FY 2008	FY 2007
Period Ending	Sep '12 Sep 30, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010	Dec '09 Dec 31, 2009	Dec '08 Dec 31, 2008	Dec '07 Dec 31, 2007
Cash & Equivalents	0.18	11.26	5.03	0	0	0
Cash & Short-Term Investments	0.18	11.26	5.03	0	0	0
Cash Growth	-98.90%	123.89%	5648951.68%	-89.00%	4.52%	-79.66%
Prepaid Expenses	0.77	1.26	0.75	-	-	0
Total Current Assets	1.39	12.52	5.78	0	0	0
Property, Plant & Equipment	10.83	11.18	2.06	-	-	-
Goodwill	0.23	0.23	-	-	-	-
Other Long-Term Assets	-	0	0.34	-	-	-
Total Assets	12.45	23.93	8.18	0	0	0
Accounts Payable	0.43	0.6	0.29	0.01	0.01	0.01
Accrued Expenses	0.49	0.17	0.01	0	0	0
Short-Term Debt	-	-	-	0.12	0.1	0.07
Current Portion of Long-Term Debt	-	0.6	-	-	-	0.01
Current Income Taxes Payable	-	-	-	-	-	0
Other Current Liabilities	1.37	1.28	0.88	-	-	-
Total Current Liabilities	2.3	2.66	1.18	0.13	0.11	0.08
Long-Term Debt	-	-	2.9	0.01	0.01	-
Other Long-Term Liabilities	3.52	4.45	3.33	-	-	-
Total Liabilities	5.82	7.11	7.41	0.13	0.12	0.08
Common Stock	0.02	0.02	0.02	0	0	0
Additional Paid-In Capital	42.43	41.37	3.26	0.09	0.08	0.08
Retained Earnings	-36.83	-25.74	-2.44	-0.23	-0.2	-0.16
Comprehensive Income & Other	0.07	-0.21	-0.08	-	-	-
Total Common Equity	5.7	15.45	0.76	-0.13	-0.11	-0.08
Minority Interest	0.93	1.36	-	-	-	-
Shareholders' Equity	6.63	16.82	0.76	-0.13	-0.11	-0.08
Total Liabilities & Equity	12.45	23.93	8.18	0	0	0
Total Debt	-	0.6	2.9	0.12	0.11	0.08
Net Cash (Debt)	0.18	10.65	2.12	-0.12	-0.11	-0.08
Net Cash Growth	-98.86%	401.62%	-	-	-	-
Net Cash Per Share	0.05	3.40	0.90	-0.87	-0.76	-0.59
Filing Date Shares Outstanding	3.11	2.98	2.57	0.14	0.14	0.14
Total Common Shares Outstanding	3.03	2.94	2.57	0.14	0.14	0.14
Working Capital	-0.91	9.86	4.59	-0.12	-0.11	-0.08
Book Value Per Share	1.88	5.25	0.30	-0.93	-0.82	-0.58
Tangible Book Value	5.47	15.22	0.76	-0.13	-0.11	-0.08
Tangible Book Value Per Share	1.80	5.17	0.30	-0.93	-0.82	-0.58
Land	1.25	1.09	-	-	-	-
Machinery	2.25	1.23	0	-	-	-
Construction In Progress	0.88	0.82	0.03	-	-	-

Source: S&P Global Market Intelligence. Standard template. Financial Sources.