Cygnus Oil & Gas Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2005	FY 2004	FY 2003
Period Ending	Sep '06 Sep 30, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Cash & Equivalents	1.03	4.63	0.59	0.09
Cash & Short-Term Investments	1.03	4.63	0.59	0.09
Cash Growth	-78.34%	679.73%	548.83%	-
Accounts Receivable	1.07	1.24	2.95	-
Other Receivables	0.22	0.85	3.54	-
Receivables	1.32	2.12	6.56	-
Prepaid Expenses	2.77	1.55	1.59	0
Restricted Cash	0.35	0.38	1.14	-
Total Current Assets	6.22	8.68	9.88	0.09
Property, Plant & Equipment	29.79	7.7	4.81	-
Long-Term Investments	0.28	0.05	5.46	-
Other Long-Term Assets	0.17	0.03	0.03	-
Total Assets	37.59	16.46	20.19	0.09
Accounts Payable	4.47	2.99	8.5	-
Accrued Expenses	3.77	3.35	0.58	0.03
Short-Term Debt	0.32	0.48	0.65	0.1
Current Portion of Long-Term Debt	-	3.05	1.26	-
Other Current Liabilities	2.42	0.47	0.2	-
Total Current Liabilities	10.97	10.34	11.19	0.13
Long-Term Debt	17.66	1.53	3.21	-
Total Liabilities	28.63	11.87	14.4	0.13
Common Stock	0.08	0.07	0.06	0.17
Additional Paid-In Capital	54.31	36.61	18.34	-
Retained Earnings	-45.43	-32.09	-15.68	-0.09
Comprehensive Income & Other	-	-	-0.02	-0.12
Total Common Equity	8.96	4.59	2.7	-0.04
Minority Interest	-	-	3.08	-
Shareholders' Equity	8.96	4.59	5.78	-0.04
Total Liabilities & Equity	37.59	16.46	20.19	0.09
Total Debt	17.97	5.07	5.13	0.1
Net Cash (Debt)	-16.94	-0.44	-4.53	-0.01
Net Cash Per Share	-0.22	-0.01	-0.06	-0.00
Filing Date Shares Outstanding	84.54	78.9	59.92	166.78
Total Common Shares Outstanding	84.53	63.98	59.92	166.78
Working Capital	-4.74	-1.66	-1.31	-0.04
Book Value Per Share	0.11	0.07	0.05	-0.00
Tangible Book Value	8.96	4.59	2.7	-0.04
Tangible Book Value Per Share	0.11	0.07	0.05	-0.00
Land	-	7.63	4.76	-
Machinery	-	0.12	0.09	-

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