Sterling Energy Resources Incorporated (SGER)

Sterling Energy Resources Balance Sheet

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

Fiscal Year	FY 2007	FY 2006
Period Ending	Dec 31, 2007	Dec 31, 2006
Cash & Equivalents	1.06	2.3
Short-Term Investments	0	0
Cash & Short-Term Investments	1.06	2.3
Cash Growth	-54.09%	-
Receivables	0.35	0.14
Prepaid Expenses	0.02	-
Total Current Assets	1.43	2.45
Property, Plant & Equipment	11.16	4
Other Long-Term Assets	-	0.14
Total Assets	12.59	6.59
Accounts Payable	0.03	-0
Short-Term Debt	6	-
Other Current Liabilities	0.02	0.04
Total Current Liabilities	6.06	0.04
Total Liabilities	6.06	0.04
Common Stock	9.85	9.85
Retained Earnings	-2.84	-2.84
Treasury Stock	-0.48	-0.47
Shareholders' Equity	6.53	6.55
Total Liabilities & Equity	12.59	6.59
Total Debt	6	-
Net Cash (Debt)	-4.94	2.3
Net Cash Per Share	-0.40	0.19
Filing Date Shares Outstanding	12.06	12.06
Total Common Shares Outstanding	12.06	12.06
Working Capital	-4.63	2.4
Book Value Per Share	0.54	0.54
Tangible Book Value	6.53	6.55
Tangible Book Value Per Share	0.54	0.54
Land	0.11	0.01
Buildings	0.3	0.3
Machinery	3.39	2.37

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