Tidelands Oil & Gas Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2007	FY 2006	FY 2005	FY 2004	FY 2003
Period Ending	Sep '08 Sep 30, 2008	Dec '07 Dec 31, 2007	Dec '06 Dec 31, 2006	Dec '05 Dec 31, 2005	Dec '04 Dec 31, 2004	Dec '03 Dec 31, 2003
Cash & Equivalents	0.01	0.01	0.26	1.11	5.46	0.89
Cash & Short-Term Investments	0.01	0.01	0.26	1.11	5.46	0.89
Cash Growth	-98.95%	-97.75%	-76.93%	-79.59%	510.32%	361.85%
Accounts Receivable	0.09	-	0	0.47	0.52	0
Other Receivables	-	0.01	-	-	-	-
Receivables	0.89	0.01	0	0.47	0.52	0
Inventory	-	-	-	0.14	0.08	-
Prepaid Expenses	0.11	0.18	0.06	0.18	0.49	0.02
Other Current Assets	-	0.73	0.67	-	-	-
Total Current Assets	1.02	0.92	0.99	1.91	6.55	0.92
Property, Plant & Equipment	3.15	2.95	4.81	10.04	9.09	0.6
Long-Term Investments	0.25	2.81	-	-	-	0.1
Goodwill	-	0.8	0.8	1.16	6.36	-
Long-Term Deferred Charges	0.18	-	0.57	-	0.12	-
Other Long-Term Assets	0.15	4.75	8.02	0.09	0.03	0
Total Assets	4.75	12.24	15.19	13.49	22.42	1.62
Accounts Payable	0.62	1.99	1.2	1.23	0.57	0.81
Current Portion of Long-Term Debt	-	7.53	0.23	0.23	-	0.33
Other Current Liabilities	-	2.99	2.68	-	-	-
Total Current Liabilities	3.73	12.51	4.1	1.45	0.57	1.14
Long-Term Debt	1	-	8.93	4.27	11.73	-
Other Long-Term Liabilities	-	-	-	-	5.17	-
Total Liabilities	4.73	12.51	13.03	5.72	17.47	1.14
Common Stock	0.22	0.11	0.09	0.08	0.06	0.04
Additional Paid-In Capital	60.96	55.87	46.7	40.82	30.35	11.07
Retained Earnings	-61.16	-56.25	-44.42	-32.58	-24.92	-10.62
Comprehensive Income & Other	-	-	-0.22	-0.55	-0.55	-0.02
Shareholders' Equity	0.02	-0.28	2.15	7.77	4.95	0.48
Total Liabilities & Equity	4.75	12.24	15.19	13.49	22.42	1.62
Total Debt	2.36	7.53	9.16	4.5	11.73	0.33
Net Cash (Debt)	-2.36	-7.53	-8.9	-3.38	-6.27	0.57
Net Cash Per Share	-0.02	-0.08	-0.11	-0.05	-0.12	0.01
Filing Date Shares Outstanding	217.75	178.74	86.46	78.5	61.6	44.83
Total Common Shares Outstanding	215	108.23	86.46	78.5	61.6	44.83
Working Capital	-2.71	-11.59	-3.11	0.46	5.97	-0.22
Book Value Per Share	0.00	-0.00	0.02	0.10	0.08	0.01
Tangible Book Value	0.02	-1.08	1.35	6.61	-1.41	0.48
Tangible Book Value Per Share	0.00	-0.01	0.02	0.08	-0.02	0.01
Machinery	0.13	0.14	0.13	10.87	9.65	0.75

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