True North Energy Corp. (TNEN)

True North Energy Balance Sheet

Financials in millions USD. Fiscal year is May - April.

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006	FY 2005	FY 2004
Period Ending	Oct 31, 2008	Apr 30, 2008	Apr 30, 2007	Apr 30, 2006	Apr 30, 2005	Apr 30, 2004
Cash & Equivalents	0.16	0.23	0.27	0.04	-	0
Cash & Short-Term Investments	0.16	0.23	0.27	0.04	-	0
Cash Growth	-74.96%	-14.84%	619.57%	-	-	-
Accounts Receivable	0.07	0.27	-	-	-	-
Receivables	0.07	0.27	0.18	-	-	-
Prepaid Expenses	0.11	0.23	0.39	-	-	-
Total Current Assets	0.34	0.73	0.83	0.04	-	0
Property, Plant & Equipment	4.55	4.93	0.69	0.37	-	-
Long-Term Deferred Charges	0.42	0.56	0.01	0	0.01	-
Other Long-Term Assets	-	-	-	-	0.03	-
Total Assets	5.31	6.23	1.54	0.42	0.04	0
Accounts Payable	0.02	0.11	0.04	0.02	-	-
Accrued Expenses	1.07	1.21	0.26	-	-	0
Short-Term Debt	-	-	0.2	-	-	0.02
Current Portion of Long-Term Debt	0.54	0.71	-	-	-	-
Other Current Liabilities	-	-	-	0.05	-	-
Total Current Liabilities	1.63	2.03	0.5	0.07	-	0.02
Long-Term Debt	2.81	2.71	0.25	-	-	-
Other Long-Term Liabilities	0.06	0.05	-	0.02	0.03	-
Total Liabilities	4.5	4.79	0.75	0.08	0.03	0.02
Common Stock	0.01	0.01	0.01	0.01	0.01	0
Additional Paid-In Capital	22.57	22.44	10.01	0.48	0.03	-
Retained Earnings	-21.77	-21.01	-9.22	-0.15	-0.03	-0.02
Shareholders' Equity	0.81	1.44	0.79	0.33	0.01	-0.02
Total Liabilities & Equity	5.31	6.23	1.54	0.42	0.04	0
Total Debt	3.34	3.42	0.45	-	-	0.02
Net Cash (Debt)	-3.18	-3.19	-0.18	0.04	-	-0.02
Net Cash Per Share	-22.65	-23.52	-1.42	0.35	-	-0.36
Filing Date Shares Outstanding	0.15	0.14	0.13	0.12	0.1	0.05
Total Common Shares Outstanding	0.14	0.14	0.13	0.12	0.1	0.05
Working Capital	-1.29	-1.29	0.33	-0.03	-	-0.02
Book Value Per Share	5.66	10.15	6.12	2.78	0.08	-0.37
Tangible Book Value	0.81	1.44	0.79	0.33	0.01	-0.02
Tangible Book Value Per Share	5.64	10.15	6.12	2.78	0.08	-0.37

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