Baseline Oil & Gas (BOGA) 8-K Other Events

Exhibit 99.1

Cawley, Gillespie & Associates, Inc.

PETROLEUM CONSULTANTS

9601 AMBERGLEN BLVD., SUITE 117	306 WEST SEVENTH STREET, SUITE 302	1000 LOUISIANA STREET, SUITE 625
AUSTIN, TEXAS 78729-1106	FORT WORTH, TEXAS 76102-4987	HOUSTON, TEXAS 77002-5008
512-249-7000	817-336-2461	713-651-9944
FAX 512-233-2618	FAX 817-877-3728	FAX 713-651-9980
	www.cgaus.com

September 12, 2007

Mr. Thomas Kaetzer

Baseline Oil & Gas Corp.

11811 N. Freeway (I-45)

Suite 200

Houston, Texas 77060

Re:	Evaluation Summary
	Baseline Oil & Gas Interests
	Proved & Probable Reserves
	Matagorda and Stephens Counties, Texas
	As of June 1, 2007

Dear Mr. Kaetzer:

As requested, we are submitting our estimates of proved and probable reserves and forecasts of economics attributable to the Baseline Oil & Gas (“Baseline”) interests in certain oil and gas properties located in various fields in Matagorda and Stephens Counties, Texas. The results of this evaluation are presented in the accompanying tabulations, with a composite summary presented below:

		Proved	Proved Developed Producing	Proved Developed Non-Producing	Proved Undeveloped	Probable
Net Reserves
Oil – Mbbl		5,861	3,100	747	2,015	2,046
Gas – MMcf		32,956	6,267	10,870	15,819	30,530
Net Revenue
Oil – M$		386,897	204,856	49,232	132,809	134,501
Gas – M$		256,953	48,982	79,964	128,007	233,079
Severance Taxes	–M$	37,069	13,097	8,262	15,710	23,668
Ad Valorem Taxes	–M$	18,522	6,847	3,848	7,827	11,430
Operating Expenses	–M$	158,057	108,590	23,472	25,995	41,686
Investments	–M$	41,659	1,348	4,315	35,996	34,365
Net Operating Income	–M$	388,543	123,957	89,298	175,289	256,431
Discounted @ 10%	–M$	213,596	78,139	33,091	102,366	106,926

The discounted cash flow values shown above should not be construed to represent an estimate of the fair market value by Cawley, Gillespie & Associates, Inc. (“CG&A”).

Baseline Oil & Gas Interests

September 12, 2007

Page 2

Presentation

The report is divided into five reserve category sections: Proved (“I-Proved”), Proved Developed Producing (“I-PDP”), Proved Developed Non-Producing (“I-PDNP”), Proved Undeveloped (“I-PUD”) and Probable (“I-Probable”). Within each reserve category section are Tables I which present composite reserve estimates and economic forecasts for the particular reserve category. The first Table I within each section is for the combined DSX Matagorda County and Baseline Stephens County properties. Following the combined Table I are Tables I for the DSX Matagorda County properties and for the Baseline Stephens County properties. Following the Tables I in each section are Table II “oneline” summaries that present estimates of ultimate recovery, gross and net reserves, ownership, revenue, expenses, investments, net income and discounted cash flow for the individual properties that make up the corresponding Table I. Individual lease or well reserves and economics tables follow the Tables II in the PDP, PDNP, PUD and Probable sections of the report.

For a more detailed explanation of the report layout, please refer to the Table of Contents following this letter. The data presented in the tables are explained in page 1 of the Appendix. The methods employed in estimating reserves are described in page 2 of the Appendix.

Hydrocarbon Pricing

As requested, oil and gas prices were adjusted to the Strip prices as of August 29, 2007:

Year	WTI Cushing Crude Oil $/STB	Henry Hub Natural Gas $/MMBtu
2007	70.66	6.99
2008	69.11	7.83
2009	68.29	8.07
2010	67.87	7.83
2011	67.76	7.60
2012	67.81	7.40
Thereafter	67.81	7.40

Oil and gas price differentials were applied un-escalated on a per property basis as provided and include adjustments for basis differential, transportation and/or crude quality and gravity corrections. Gas shrinkage and heating value as provided were applied separately as corrections to net gas sales and net gas price, respectively.

Risking

Reserves and economics werenot risked for any of the properties in this report.

Expenses and Taxes

Operating expenses and capital expenditures were not escalated. Initial lease operating expenses were forecast on a per-well basis based on historical expenses. Oil and gas severance tax values were determined by applying normal state severance tax rates. Ad Valorem taxes were 2.5% for Stephens County and 3.2% for Matagorda County.

Miscellaneous

An on-site field inspection of the properties has not been performed. The mechanical operation or conditions of the wells and their related facilities havenot been examined nor have the wells been tested by Cawley, Gillespie & Associates, Inc. Possible environmental liability related to the properties has not been investigated nor considered. The salvage value of equipment at abandonmentand the cost of plugging at abandonment have been included for the Stephens County properties.

Baseline Oil & Gas Interests

September 12, 2007

Page 3

The proved reserve classifications used conform to the criteria of theSecurities and Exchange Commission (“SEC”) as defined in page 3 of the Appendix. The use of variable pricing does not conform to the criteria of the SEC. The inclusion of probable reserves does not conform to the criteria of the SEC. It is not intended that this report be used for any purpose requiring such conformity. The reserves and economics are predicated on regulatory agency classifications, rules, policies, laws, taxes and royalties in effect as noted herein. The possible effects of changes in legislation or other Federal or State restrictive actions have not been considered. All reserve estimates represent our best judgment based on data available at the time of preparation, and assumptions as to future economic and regulatory conditions. It should be realized that the reserves actually recovered, the revenue derived therefrom and the actual cost incurred could be more or less than the estimated amounts.

The reserve estimates were based on interpretations of factual data furnished by Baseline. Oil and gas prices, pricing differentials, expense data, capital investments, plug and abandonment costs, tax values and ownership interests were also supplied by Baseline and were accepted as furnished. To some extent, information from public records has been used to check and/or supplement these data. The basic engineering and geological data were subject to third party reservations and qualifications. Nothing has come to our attention, however, that would cause us to believe that we are not justified in relying on such data.

This report was prepared for the exclusive use of Baseline Oil & Gas Corp. Third parties should not rely on it without the written consent of the above and Cawley, Gillespie & Associates, Inc. Our work papers and related data are available for inspection and review by authorized, interested parties.

Yours very truly,

CAWLEY, GILLESPIE & ASSOCIATES, INC.

Baseline Oil & Gas Interests

September 12, 2007

Page 4

TABLEOF CONTENTS

BASELINE OIL & GAS INTERESTS

PROVEDAND PROBABLE RESERVES

ASOF JUNE 1, 2007

REPORT LETTER

TABLEOF CONTENTS

Strip Pricing

Proved Reserves

• Table I - Proved

• Table I – Proved – Matagorda County

• Table I – Proved – Stephens County

• Table II – Proved

Proved Developed Producing Reserves

• Table I - PDP

• Table I – PDP – Matagorda County

• Table I – PDP – Stephens County

• Table II – PDP

• Individual Reserves and Economics Tables 1 – 21

Proved Developed Non-Producing Reserves

• Table I - PDNP

• Table I – PDNP – Matagorda County

• Table I – PDNP – Stephens County

• Table II – PDNP

• Individual Reserves and Economics Tables 1 – 41

Proved Undeveloped Reserves

• Table I - PUD

• Table I – PUD – Matagorda County

• Table I – PUD – Stephens County

• Table II – PUD

• Individual Reserves and Economics Tables 1 – 34

Baseline Oil & Gas Interests

September 12, 2007

Page 5

Probable Reserves

• Table I - Probable

• Table I – Probable – Matagorda County

• Table I – Probable – Stephens County

• Table II – Probable

• Individual Reserves and Economics Tables 1 – 57

Appendix

• Page 1- Explanatory Comments for Summary Tables

• Page 2 - Methods Employed in the Estimation of Reserves

• Page 3 - Reserve Definitions and Classifications

Baseline Oil & Gas Interests

September 12, 2007

Page 6

APPENDIX

Explanatory Comments for Individual Tables

HEADINGS

Table Number

Effective Date of the Evaluation

Identity of Interest Evaluated

Reserve Classification and Development Status

Operator – Property Name

Field (Reservoir) Names – County, State

FORECAST

(Columns)

(1) (11)	Calendar orFiscal years/months commencing on effective date.
(2)(3)	Gross Production (8/8th) for the years/months which are economical. These are expressed as thousands of barrels (Mbbl) and millions of cubic feet (MMcf) of gas at standard conditions. Total future production, cumulative production to effective date, and ultimate recovery at the effective date are shown following the annual/monthly forecasts.
(4)(5)	Net Production accruable to evaluated interest is calculated by multiplying the revenue interest times the gross production. These values take into account changes in interest and gas shrinkage.
(6)	Average (volume weighted) gross liquid price per barrel before deducting production-severance taxes.
(7)	Average (volume weighted) gross gas price per Mcf before deducting production-severance taxes.
(8)	Revenue derived from oil sales — column (4) times column (6).
(9)	Revenue derived from gas sales — column (5) times column (7).
(10)	Total Revenue — column (8) plus column (9) plus other miscellaneous revenue.
(12)	Production-severance taxes deducted from gross oil and gas revenue.
(13)	Ad valorem taxes.
(14)	Averagegross wells.
(15)	Averagenet wells are gross wells times working interest.
(16)	Operating Expenses are direct operating expenses to the evaluated working interest, but may also include items noted below in “Other Deductions”. In addition, ad valorem taxes can also be included in this column.
(17)	Other Deductions include operator’s overhead, compression-gathering expenses, transportation costs, water disposal costs and net profits burdens. These are the share of costs payable by the evaluated expense interests and take into account any changes in interests.
(18)	Investments, if any, include work-overs, future drilling costs, pumping units, etc. and may be included either tangible or intangible or both, and the costs for plugging and the salvage value of equipment at abandonment may be shown as negative investments at end of life.
(20)	Future Net Cash Flow is column (10) less columns (12), (13), (16), (17) and (18). The data in column (19) are accumulated in column (20). Federal income taxes have not been considered.
(21)	Cumulative Discounted Cash Flow is calculated by discounting monthly cash flows at the specified annual rates.

MISCELLANEOUS

Input Data	•        Evaluation parameters such as rates, tax percentages, and expenses are shown below columns (11-17).
Interests	•        Initial and final expense and revenue interests are shown below columns (18-19).
DCF Profile	•        The cash flow discounted at six different rates are shown at the bottom of columns (20-21). Interest has been compounded once per year.
Life	•        The economic life of the appraised property is noted in the lower right-hand corner of the table.
Footnotes	•        Well ID information or other pertinent comments may be shown in the lower left-hand footnotes.

Baseline Oil & Gas Interests

September 12, 2007

Page 7

APPENDIX

Methods Employed in the Estimation of Reserves

The four methods customarily employed in the estimation of reserves are (1) production performance, (2) material balance, (3) volumetric and (4) analogy. Most estimates, although based primarily on one method, utilize other methods depending on the nature and extent of the data available and the characteristics of the reservoirs.

Basic information includes production, pressure, geological and laboratory data. However, a large variation exists in the quality, quantity and types of information available on individual properties. Operators are generally required by regulatory authorities to file monthly production reports andmay be required to measure and report periodically such data as well pressures, gas-oil ratios, well tests, etc. As a general rule, an operator has complete discretion in obtaining and/or making available geological and engineering data. The resulting lack of uniformity in data renders impossible the application of identical methods to all properties, and may result in significant differences in the accuracy and reliability of estimates.

A brief discussion of each method, its basis, data requirements, applicability and generalization as to its relative degree of accuracy follows:

Production performance. This method employs graphical analyses of production data on the premise that all factors which have controlled the performance to date will continue to control and that historical trends can be extrapolated to predict future performance. The only information required is production history. Capacity production can usually be analyzed from graphs of rates versus time or cumulative production. This procedure is referred to as “decline curve” analysis. Both capacity and restricted production can, in some cases, be analyzed from graphs of producing rate relationships of the various production components. Reserve estimates obtained by this method are generally considered to have a relatively high degree of accuracy with the degree of accuracy increasing as production history accumulates.

Material balance. This method employs the analysis of the relationship of production and pressure performance on the premise that the reservoir volume and its initial hydrocarbon content are fixed and that this initial hydrocarbon volume and recoveries therefrom can be estimated by analyzing changes in pressure with respect to production relationships. This method requires reliable pressure and temperature data, production data, fluid analyses and knowledge of the nature of the reservoir. The material balance method is applicable to all reservoirs, but the time and expense required for its use is dependent on the nature of the reservoir and its fluids. Reserves for depletion type reservoirs can be estimated from graphs of pressures corrected for compressibility versus cumulative production, requiring only data that are usually available. Estimates for other reservoir types require extensive data and involve complex calculations most suited to computer models which makes this method generally applicable only to reservoirs where there is economic justification for its use. Reserve estimates obtained by this method are generally considered to have a degree of accuracy that is directly related to the complexity of the reservoir and the quality and quantity of data available.

Volumetric. This method employs analyses of physical measurements of rock and fluid properties to calculate the volume of hydrocarbons in-place. The data required are well information sufficient to determine reservoir subsurface datum, thickness, storage volume, fluid content and location. The volumetric method is most applicable to reservoirs which are not susceptible to analysis by production performance or material balance methods. These are most commonly newly developed and/or no-pressure depleting reservoirs. The amount of hydrocarbons in-place that can be recovered is not an integral part of the volumetric calculations but is an estimate inferred by other methods and a knowledge of the nature of the reservoir. Reserve estimates obtained by this method are generally considered to have a low degree of accuracy; but the degree of accuracy can be relatively high where rock quality and subsurface control is good and the nature of the reservoir is uncomplicated.

Analogy. This method which employs experience and judgment to estimate reserves, is based on observations of similar situations and includes consideration of theoretical performance. The analogy method is applicable where the data are insufficient or so inconclusive that reliable reserve estimates cannot be made by other methods. Reserve estimates obtained by this method are generally considered to have a relatively low degree of accuracy.

Much of the information used in the estimation of reserves is itself arrived at by the use of estimates. These estimates are subject to continuing change as additional information becomes available. Reserve estimates which presently appear to be correct may be found to contain substantial errors as time passes and new information is obtained about well and reservoir performance.

Baseline Oil & Gas Interests

September 12, 2007

Page 8

APPENDIX

Reserve Definitions and Classifications

The Securities and Exchange Commission, in SX Reg 210.4-10 dated November 18, 1981, as amended September 19, 1989, requires adherence to the following definitions of “proved” oil and gas reserves:

“(2)Proved oil and gas reserves. Proved oil and gas reserves are the estimated quantities of crude oil, natural gas, and natural gas liquids which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions, i.e., prices and costs as of the date the estimate is made. Prices include consideration of changes in existing prices provided only by contractual arrangements, but not on escalations based upon future conditions.

“(i) Reservoirs are considered proved if economic producibility is supported by either actual production or conclusive formation test. The area of a reservoir considered proved includes (A) that portion delineated by drilling and defined by gas-oil and/or oil-water contacts, if any, and (B) the immediately adjoining portions not yet drilled, but which can be reasonably judged as economically productive on the basis of available geological and engineering data. In the absence of information on fluid contacts, the lowest known structural occurrence of hydrocarbons controls the lower proved limit of the reservoir.

“(ii) Reserves which can be produced economically through application of improved recovery techniques (such as fluid injection) are included in the “proved” classification when successful testing by a pilot project, or the operation of an installed program in the reservoir, provides support for the engineering analysis on which the project or program was based.

“(iii) Estimates of proved reserves do not include the following: (A) oil that may become available from known reservoirs but is classified separately as “indicated additional reserves”; (B) crude oil, natural gas, and natural gas liquids, the recovery of which is subject to reasonable doubt because of uncertainty as to geology, reservoir characteristics, or economic factors; (C) crude oil, natural gas, and natural gas liquids, that may occur in un-drilled prospects.

“(3)Proved developed oil and gas reserves. Proved developed oil and gas reserves are reserves that can be expected to be recovered through existing wells with existing equipment and operating methods. Additional oil and gas expected to be obtained through the application of fluid injection or other improved recovery techniques for supplementing the natural forces and mechanisms of primary recovery should be included as “proved developed reserves” only after testing by a pilot project or after the operation of an installed program has confirmed through production response that increased recovery will be achieved.

“(4)Proved undeveloped reserves. Proved undeveloped oil and gas reserves are reserves that are expected to be recovered from new wells on un-drilled acreage, or from existing wells where a relatively major expenditure is required for recompletion. Reserves on un-drilled acreage shall be limited to those drilling units offsetting productive units that are reasonably certain of production when drilled. Proved reserves for other un-drilled units can be claimed only where it can be demonstrated with certainty that there is continuity of production from the existing productive formation. Under no circumstances should estimates for proved undeveloped reserves be attributable to any acreage for which an application of fluid injection or other improved recovery technique is contemplated, unless such techniques have been proved effective by actual tests in the area and in the same reservoir.”

Instruction 4 of Item 2(b) of Securities and Exchange Commission Regulation S-K states that “disclosure of estimates of probable or possible reserves and any estimated value thereof shall not be disclosed in any document publicly filed with the Commission.” In evaluation reports prepared for other than Securities and Exchange Commission purposes, Cawley, Gillespie & Associates, Inc. may include “probable” and “possible” reserves based on the following definitions:

Probable oil and gas reserves. Probable oil and gas reserves are the estimated quantities of crude oil, natural gas, and natural gas liquids which geological and engineering data infer to be commercially recoverable but where uncertainty as to this data preclude the classification of these reserves as “proved”. The degree of risk in relying on estimates of “probable” reserves is greater than for “proved” reserves.

Possible oil and gas reserves. Possible oil and gas reserves are the estimated quantities of crude oil, natural gas, and natural gas liquids which limited geological and engineering data infer to be commercially recoverable but where uncertainty as to this data preclude the classification of these reserves as “probable”. The degree of risk in relying on estimates of “possible” reserves is greater than for “probable” reserves.

GRAND TOTAL TOTAL PROVED	09/12/2007	11:29:51
	OIL	06/2007
	CGA0607STP
	01/2005
	SET0607

10.0

- (1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
—END— MO-YEAR	Gross Oil Production MBBLS	Gross Gas Production MMCF	Net Oil Production MBBLS	Net Gas Sales MMCF	Avg Oil Price $/BBL	Avg Gas Price $/MCF	Oil Revenue M$	Gas Revenue M$	Total Revenue M$
12-2007	237.9	1785.0	178.848	1208.775	68.620	7.237	12272.608	8747.687	21020.293
12-2008	574.9	5393.0	429.585	3671.850	67.063	8.025	28809.098	29465.031	58274.137
12-2009	687.6	6499.9	512.186	4387.978	66.244	8.374	33929.078	36744.746	70673.828
12-2010	666.4	5824.0	499.585	3910.081	65.829	8.145	32887.039	31847.910	64734.945
12-2011	574.2	4439.2	432.710	2972.755	65.724	7.902	28439.629	23491.576	51931.207
12-2012	469.2	2938.5	355.779	1964.556	65.781	7.690	23403.486	15107.208	38510.695
12-2013	407.0	2220.6	310.204	1493.185	65.784	7.684	20406.568	11474.190	31880.760
12-2014	358.6	1810.1	273.797	1213.133	65.788	7.699	18012.461	9339.663	27352.123
12-2015	346.2	1924.2	263.704	1292.426	65.785	7.725	17347.895	9984.605	27332.498
12-2016	333.4	1995.3	253.588	1341.277	65.784	7.739	16681.990	10379.984	27061.979
12-2017	290.8	1472.8	222.396	988.386	65.789	7.725	14631.310	7634.820	22266.133
12-2018	251.8	869.3	193.886	583.465	65.796	7.678	12756.899	4479.917	17236.818
12-2019	232.8	769.9	179.462	515.010	65.798	7.678	11808.164	3954.245	15762.406
12-2020	216.5	536.1	166.952	357.954	65.798	7.645	10985.120	2736.554	13721.674
12-2021	219.1	655.5	167.745	436.376	65.792	7.683	11036.274	3352.817	14389.093
S Tot	5866.5	39133.3	4440.428	26337.207	66.076	7.926	293407.625	208740.969	502148.562
After	1832.6	9815.6	1420.922	6618.990	65.795	7.284	93489.195	48212.309	141701.531
Total	7699.1	48948.9	5861.350	32956.199	66.008	7.797	386896.812	256953.281	643850.062
Ver= => CGADUMP5
Cum	8190.9	7682.1
Ult	15890.0	56631.0

Page 1

- (11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
	Production	Ad Valorem	Wells		Operating	Other		Future Net	Cumulative	Cum. Disc.
—END—	Taxes	Taxes	Gross	Net	Expense	Deductions	Investment	Cash Flow	Cash Flow	Cash Flow
MO-YEAR	M$	M$	Count		M$	M$	M$	M$	M$	M$
12-2007	1220.616	613.815	107.0	107.00	3772.165	0.000	5665.000	9748.697	9748.697	9545.217
12-2008	3535.096	1719.153	138.0	138.00	7322.722	0.000	16660.000	29037.156	38785.855	35520.723
12-2009	4316.593	2109.734	140.0	140.00	7663.752	0.000	8600.000	47983.742	86769.594	74750.281
12-2010	3901.396	1922.022	147.0	147.00	8077.761	0.000	7616.000	43217.766	129987.367	106866.242
12-2011	3070.091	1524.421	144.0	144.00	8239.292	0.000	0.000	39097.395	169084.766	133446.797
12-2012	2209.601	1110.607	140.0	140.00	7955.440	0.000	0.000	27235.047	196319.797	150274.750
12-2013	1799.267	909.998	141.0	141.00	7833.824	0.000	200.000	21137.668	217457.484	162137.516
12-2014	1529.048	774.173	138.0	138.00	7515.488	0.000	116.000	17417.418	234874.875	171001.891
12-2015	1546.848	780.654	134.7	134.67	7086.820	0.000	466.000	17452.174	252327.078	179071.797
12-2016	1545.870	777.900	127.1	127.08	6537.345	0.000	132.000	18068.857	270395.906	186676.797
12-2017	1245.652	629.765	123.0	123.00	6154.794	0.000	0.000	14235.917	284631.844	192140.703
12-2018	922.811	473.729	117.0	117.00	5817.254	0.000	0.000	10023.023	294654.844	195636.203
12-2019	839.744	431.176	117.0	117.00	5780.804	0.000	100.000	8610.684	303265.500	198363.484
12-2020	710.557	371.037	112.0	112.00	5257.863	0.000	32.000	7350.220	310615.719	200475.406
12-2021	759.130	396.657	109.0	109.00	5049.523	0.000	116.000	8067.784	318683.500	202583.891
S Tot	29152.322	14544.841	1934.8	1934.75	100064.844	0.000	39703.000	318683.500	318683.500	202583.891
After	7916.427	3977.083	1239.0	1239.00	57992.059	0.000	1956.000	69859.961	388543.469	213595.672
Total	37068.746	18521.924	3173.8	3173.75	158056.906	0.000	41659.000	388543.469	388543.469	213595.672

					Percent Interests			Percent	Cum. Disc.
						Initial	Final	5.00	276222.875
					Expense	100.0000	100.0000	10.00	213595.750
								15.00	174090.047
					Revenue			20.00	146909.609	*	***
					Oil	75.1911	84.5000	25.00	127032.875	*	***
Life	39.250 Years	ID******	100.00	0.21	Gas	71.4648	84.5000	30.00	111845.891

Page 2

GRAND TOTAL PDP	09/12/2007	11:29:55
	OIL	06/2007
	CGA0607STP
	01/2005
	SET0607

10.0

- (1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
—END— MO-YEAR	Gross Oil Production MBBLS	Gross Gas Production MMCF	Net Oil Production MBBLS	Net Gas Sales MMCF	Avg Oil Price $/BBL	Avg Gas Price $/MCF	Oil Revenue M$	Gas Revenue M$	Total Revenue M$
12-2007	224.2	1620.7	168.339	1093.067	68.621	7.342	11551.569	8025.831	19577.400
12-2008	326.2	1931.3	246.615	1300.610	67.079	8.208	16542.611	10675.761	27218.375
12-2009	282.3	1357.5	214.559	911.244	66.265	8.438	14217.711	7689.160	21906.871
12-2010	252.1	1010.3	192.418	675.955	65.849	8.165	12670.614	5518.840	18189.457
12-2011	229.0	774.0	175.396	516.261	65.743	7.900	11531.048	4078.511	15609.562
12-2012	210.5	605.1	161.691	402.520	65.796	7.665	10638.631	3085.455	13724.086
12-2013	194.8	459.7	149.961	303.950	65.798	7.626	9867.183	2318.041	12185.222
12-2014	180.2	344.0	139.145	226.647	65.801	7.574	9155.877	1716.607	10872.480
12-2015	167.3	269.1	129.531	176.908	65.803	7.520	8523.585	1330.398	9853.985
12-2016	158.2	224.4	122.621	147.291	65.804	7.477	8068.993	1101.269	9170.262
12-2017	150.0	190.2	116.425	124.622	65.805	7.433	7661.349	926.307	8587.656
12-2018	142.5	161.7	110.683	105.750	65.806	7.385	7283.557	780.913	8064.471
12-2019	135.4	131.6	105.252	85.818	65.806	7.308	6926.279	627.125	7553.404
12-2020	126.2	78.2	98.175	50.418	65.807	7.002	6460.615	353.019	6813.634
12-2021	118.8	54.6	92.522	34.783	65.808	6.700	6088.631	233.059	6321.691
S Tot	2897.8	9212.3	2223.330	6155.844	66.202	7.872	147188.234	48460.297	195648.562
After	1107.8	179.1	876.273	111.209	65.810	4.694	57667.293	521.961	58189.277
Total	4005.6	9391.4	3099.603	6267.053	66.091	7.816	204855.547	48982.258	253837.828
Ver= => CGADUMP5
Cum	8190.9	7682.1
Ult	12196.5	17073.6

Page 3

- (11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
	Production	Ad Valorem	Wells		Operating	Other		Future Net	Cumulative	Cum. Disc.
—END—	Taxes	Taxes	Gross	Net	Expense	Deductions	Investment	Cash Flow	Cash Flow	Cash Flow
MO-YEAR	M$	M$	Count		M$	M$	M$	M$	M$	M$
12-2007	1133.309	576.821	94.0	94.00	3719.507	0.000	0.000	14147.765	14147.765	13778.844
12-2008	1561.642	790.942	93.0	93.00	6330.996	0.000	0.000	18534.795	32682.561	30546.766
12-2009	1230.702	625.922	83.0	83.00	5702.312	0.000	250.000	14097.937	46780.496	42134.559
12-2010	996.761	511.100	82.0	82.00	5646.702	0.000	0.000	11034.894	57815.387	50377.816
12-2011	836.317	432.037	80.0	80.00	5609.744	0.000	0.000	8731.462	66546.844	56306.570
12-2012	720.786	374.790	77.0	77.00	5326.004	0.000	0.000	7302.505	73849.359	60813.594
12-2013	627.743	328.474	76.0	76.00	5054.876	0.000	0.000	6174.129	80023.484	64277.195
12-2014	549.916	289.214	71.0	71.00	4666.203	0.000	0.000	5367.149	85390.633	67013.953
12-2015	491.865	259.208	68.7	68.67	4457.580	0.000	250.000	4395.333	89785.969	69051.133
12-2016	453.769	239.771	66.1	66.08	4321.744	0.000	0.000	4154.980	93940.953	70801.812
12-2017	421.895	223.453	64.0	64.00	4141.623	0.000	0.000	3800.686	97741.633	72257.617
12-2018	393.612	208.928	61.0	61.00	4015.309	0.000	0.000	3446.621	101188.266	73457.789
12-2019	365.643	194.690	61.0	61.00	3980.083	0.000	0.000	3012.988	104201.242	74411.602
12-2020	323.665	173.741	59.0	59.00	3674.362	0.000	16.000	2625.865	106827.117	75167.180
12-2021	297.556	160.397	56.0	56.00	3536.443	0.000	0.000	2327.295	109154.398	75776.023
S Tot	10405.181	5389.489	1091.8	1091.75	70183.492	0.000	516.000	109154.398	109154.398	75776.023
After	2691.843	1457.087	627.0	627.00	38406.012	0.000	832.000	14802.319	123956.727	78138.883
Total	13097.024	6846.575	1718.8	1718.75	108589.516	0.000	1348.000	123956.727	123956.727	78138.883

					Percent Interests			Percent	Cum. Disc.
						Initial	Final	5.00	94949.469
					Expense	100.0000	100.0000	10.00	78138.898
								15.00	67203.414
					Revenue			20.00	59495.258	*	***
					Oil	75.0897	84.5000	25.00	53742.527	*	***
Life	39.250 Years	ID******	100.00	0.00	Gas	71.1921	84.5000	30.00	49265.250

Page 4

GRAND TOTAL PDNP	09/12/2007	11:30:00
	OIL	06/2007
	CGA0607STP
	01/2005
	SET0607

10.0

- (1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
—END— MO-YEAR	Gross Oil Production MBBLS	Gross Gas Production MMCF	Net Oil Production MBBLS	Net Gas Sales MMCF	Avg Oil Price $/BBL	Avg Gas Price $/MCF	Oil Revenue M$	Gas Revenue M$	Total Revenue M$
12-2007	11.0	164.0	8.369	115.499	68.591	6.244	574.062	721.124	1295.186
12-2008	62.5	901.0	46.521	623.376	67.052	6.993	3119.326	4359.390	7478.716
12-2009	63.0	564.9	47.206	385.954	66.259	7.172	3127.821	2768.212	5896.033
12-2010	51.3	392.8	38.495	265.579	65.845	6.948	2534.702	1845.148	4379.850
12-2011	44.0	291.6	33.110	195.535	65.740	6.733	2176.663	1316.510	3493.173
12-2012	38.4	173.9	29.054	115.331	65.796	6.520	1911.656	752.010	2663.666
12-2013	49.2	374.6	37.220	260.869	65.773	7.392	2448.093	1928.362	4376.455
12-2014	53.9	573.4	39.969	388.952	65.766	7.648	2628.589	2974.720	5603.308
12-2015	72.1	987.2	52.841	670.310	65.750	7.748	3474.314	5193.773	8668.087
12-2016	62.2	843.6	45.943	577.437	65.753	7.754	3020.884	4477.494	7498.378
12-2017	50.2	655.5	37.249	446.867	65.761	7.752	2449.491	3464.091	5913.582
12-2018	38.0	394.6	28.458	269.690	65.773	7.730	1871.777	2084.725	3956.503
12-2019	38.2	476.7	28.395	321.821	65.769	7.761	1867.510	2497.781	4365.291
12-2020	29.5	267.9	22.180	181.332	65.782	7.763	1459.077	1407.597	2866.674
12-2021	26.8	250.6	20.169	168.723	65.785	7.762	1326.791	1309.599	2636.390
S Tot	690.6	7312.6	515.180	4987.276	65.978	7.439	33990.762	37100.539	71091.297
After	319.5	8695.9	231.828	5882.851	65.743	7.286	15241.189	42863.199	58104.383
Total	1010.2	16008.5	747.008	10870.127	65.906	7.356	49231.949	79963.734	129195.680
Ver= => CGADUMP5
Cum	0.0	0.0
Ult	1010.2	16008.5

Page 5

- (11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
	Production	Ad Valorem	Wells		Operating	Other		Future Net	Cumulative	Cum. Disc.
—END—	Taxes	Taxes	Gross	Net	Expense	Deductions	Investment	Cash Flow	Cash Flow	Cash Flow
MO-YEAR	M$	M$	Count		M$	M$	M$	M$	M$	M$
12-2007	80.491	33.301	11.0	11.00	47.410	0.000	765.000	368.983	368.983	348.163
12-2008	470.443	191.275	30.0	30.00	470.557	0.000	1710.000	4636.440	5005.423	4529.234
12-2009	351.496	149.780	30.0	30.00	726.832	0.000	0.000	4667.925	9673.349	8372.037
12-2010	254.982	113.160	31.0	31.00	727.013	0.000	16.000	3268.694	12942.043	10810.883
12-2011	198.865	91.224	30.0	30.00	726.986	0.000	0.000	2476.097	15418.140	12494.101
12-2012	144.337	68.868	29.0	29.00	726.972	0.000	0.000	1723.489	17141.631	13558.312
12-2013	257.239	125.645	31.0	31.00	876.559	0.000	200.000	2917.011	20058.639	15186.858
12-2014	344.019	166.459	33.0	33.00	946.947	0.000	116.000	4029.883	24088.521	17216.939
12-2015	549.351	265.784	32.0	32.00	929.337	0.000	100.000	6823.615	30912.135	20369.535
12-2016	474.773	229.382	31.0	31.00	867.724	0.000	100.000	5826.499	36738.637	22823.549
12-2017	372.483	179.528	31.0	31.00	938.115	0.000	0.000	4423.456	41162.090	24523.021
12-2018	242.456	117.632	31.0	31.00	938.107	0.000	0.000	2658.308	43820.398	25451.355
12-2019	273.239	131.446	32.0	32.00	1016.099	0.000	100.000	2844.506	46664.906	26351.896
12-2020	172.687	84.314	30.0	30.00	878.091	0.000	0.000	1731.581	48396.484	26851.834
12-2021	159.252	77.337	31.0	31.00	878.085	0.000	100.000	1421.717	49818.199	27221.436
S Tot	4346.114	2025.136	443.0	443.00	11694.835	0.000	3207.000	49818.199	49818.199	27221.436
After	3915.835	1823.346	280.0	280.00	11777.649	0.000	1108.000	39479.555	89297.750	33090.645
Total	8261.949	3848.481	723.0	723.00	23472.486	0.000	4315.000	89297.750	89297.750	33090.645

					Percent Interests			Percent	Cum. Disc.
						Initial	Final	5.00	50613.715
					Expense	100.0000	100.0000	10.00	33090.648
								15.00	23948.436
					Revenue			20.00	18598.350	*	***
					Oil	76.0159	70.0000	25.00	15172.737	*	***
Life	32.750 Years	ID******	100.00	0.39	Gas	74.1374	70.0000	30.00	12821.704

Page 6

GRAND TOTAL PUD	09/12/2007	11:30:04
	OIL	06/2007
	CGA0607STP
	01/2005
	SET0607

10.0

- (1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
—END— MO-YEAR	Gross Oil Production MBBLS	Gross Gas Production MMCF	Net Oil Production MBBLS	Net Gas Sales MMCF	Avg Oil Price $/BBL	Avg Gas Price $/MCF	Oil Revenue M$	Gas Revenue M$	Total Revenue M$
12-2007	2.7	0.3	2.141	0.210	68.660	3.495	146.975	0.732	147.708
12-2008	186.2	2560.6	136.449	1747.864	67.037	8.256	9147.157	14429.883	23577.037
12-2009	342.3	4577.5	250.422	3090.780	66.222	8.505	16583.545	26287.379	42870.918
12-2010	363.0	4420.9	268.673	2968.546	65.811	8.248	17681.719	24483.920	42165.641
12-2011	301.2	3373.6	224.204	2260.958	65.708	8.004	14731.917	18096.553	32828.465
12-2012	220.2	2159.5	165.033	1446.705	65.764	7.790	10853.193	11269.744	22122.934
12-2013	163.0	1386.3	123.023	928.365	65.770	7.786	8091.296	7227.787	15319.086
12-2014	124.5	892.7	94.683	597.534	65.777	7.779	6228.000	4648.335	10876.334
12-2015	106.8	667.9	81.332	445.207	65.780	7.773	5349.994	3460.432	8810.425
12-2016	113.1	927.3	85.024	616.549	65.771	7.787	5592.113	4801.221	10393.335
12-2017	90.5	627.1	68.723	416.897	65.778	7.782	4520.469	3244.423	7764.893
12-2018	71.3	313.0	54.745	208.025	65.788	7.760	3601.564	1614.279	5215.844
12-2019	59.1	161.6	45.815	107.372	65.795	7.724	3014.374	829.340	3843.714
12-2020	60.8	189.9	46.597	126.204	65.786	7.733	3065.432	975.938	4041.370
12-2021	73.4	350.3	55.055	232.870	65.768	7.773	3620.854	1810.159	5431.013
S Tot	2278.1	22608.4	1701.918	15194.086	65.942	8.107	112228.602	123180.141	235408.703
After	405.3	940.6	312.822	624.929	65.791	7.724	20580.725	4827.153	25407.873
Total	2683.3	23549.0	2014.740	15819.016	65.919	8.092	132809.344	128007.289	260816.578
Ver= => CGADUMP5
Cum	0.0	0.0
Ult	2683.3	23549.0

Page 7

- (11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
	Production	Ad Valorem	Wells		Operating	Other		Future Net	Cumulative	Cum. Disc.
—END—	Taxes	Taxes	Gross	Net	Expense	Deductions	Investment	Cash Flow	Cash Flow	Cash Flow
MO-YEAR	M$	M$	Count		M$	M$	M$	M$	M$	M$
12-2007	6.816	3.693	2.0	2.00	5.248	0.000	4900.000	-4768.050	-4768.050	-4581.791
12-2008	1503.010	736.936	15.0	15.00	521.169	0.000	14950.000	5865.922	1097.873	444.724
12-2009	2734.396	1334.032	27.0	27.00	1234.608	0.000	8350.000	29217.885	30315.760	24243.686
12-2010	2649.653	1297.762	34.0	34.00	1704.046	0.000	7600.000	28914.182	59229.938	45677.547
12-2011	2034.910	1001.159	34.0	34.00	1902.562	0.000	0.000	27889.834	87119.773	64646.125
12-2012	1344.478	666.949	34.0	34.00	1902.463	0.000	0.000	18209.045	105328.828	75902.844
12-2013	914.284	455.879	34.0	34.00	1902.389	0.000	0.000	12046.531	117375.352	82673.461
12-2014	635.113	318.499	34.0	34.00	1902.339	0.000	0.000	8020.384	125395.742	86770.992
12-2015	505.632	255.662	34.0	34.00	1699.904	0.000	116.000	6233.228	131628.953	89651.117
12-2016	617.329	308.746	30.0	30.00	1347.879	0.000	32.000	8087.380	139716.344	93051.461
12-2017	451.273	226.784	28.0	28.00	1075.057	0.000	0.000	6011.777	145728.109	95360.086
12-2018	286.743	147.169	25.0	25.00	863.839	0.000	0.000	3918.092	149646.219	96727.070
12-2019	200.862	105.039	24.0	24.00	784.623	0.000	0.000	2753.190	152399.391	97599.992
12-2020	214.205	112.982	23.0	23.00	705.409	0.000	16.000	2992.774	155392.172	98456.398
12-2021	302.321	158.923	22.0	22.00	634.997	0.000	16.000	4318.772	159710.938	99586.430
S Tot	14401.023	7130.216	400.0	400.00	18186.529	0.000	35980.000	159710.938	159710.938	99586.430
After	1308.750	696.650	332.0	332.00	7808.387	0.000	16.000	15578.089	175289.047	102366.164
Total	15709.773	7826.867	732.0	732.00	25994.918	0.000	35996.000	175289.031	175289.047	102366.164

					Percent Interests			Percent	Cum. Disc.
						Initial	Final	5.00	130659.641
					Expense	100.0000	100.0000	10.00	102366.180
								15.00	82938.188
					Revenue			20.00	68816.000	*	***
					Oil	80.3118	79.0313	25.00	58117.582	*	***
Life	32.833 Years	ID******	100.00	1.40	Gas	80.3027	79.0313	30.00	49758.957

Page 8

GRAND TOTAL PROBABLE	09/12/2007	11:30:23
	OIL	06/2007
	CGA0607STP
	01/2005
	SET0607

10.0

- (1)	(2)	(3)	(4)	(5)	(6)	(7)	(8)	(9)	(10)
	Gross Oil	Gross Gas	Net Oil	Net Gas	Avg Oil	Avg Gas	Oil	Gas	Total
—END—	Production	Production	Production	Sales	Price	Price	Revenue	Revenue	Revenue
MO-YEAR	MBBLS	MMCF	MBBLS	MMCF	$/BBL	$/MCF	M$	M$	M$
12-2007	0.0	0.0	0.000	0.000	0.000	0.000	0.000	0.000	0.000
12-2008	0.0	0.0	0.000	0.000	0.000	0.000	0.000	0.000	0.000
12-2009	38.9	18.4	30.238	8.970	66.290	4.035	2004.463	36.196	2040.659
12-2010	82.7	34.5	64.241	16.855	65.870	3.915	4231.568	65.987	4297.555
12-2011	315.6	3077.3	233.090	2089.629	65.696	7.963	15313.005	16638.914	31951.916
12-2012	456.9	5458.5	331.312	3682.782	65.732	7.774	21777.961	28629.068	50407.031
12-2013	366.8	4844.8	265.814	3266.696	65.733	7.777	17472.740	25404.203	42876.934
12-2014	238.1	3297.3	173.750	2222.281	65.740	7.777	11422.304	17282.779	28705.088
12-2015	206.5	3008.3	151.913	2049.134	65.740	7.776	9986.743	15934.124	25920.863
12-2016	230.7	3259.3	167.385	2200.603	65.735	7.716	11003.003	16980.941	27983.941
12-2017	182.7	2608.0	132.608	1756.726	65.738	7.696	8717.421	13519.445	22236.865
12-2018	126.0	1889.3	92.167	1277.844	65.747	7.658	6059.699	9785.437	15845.135
12-2019	96.4	1550.7	70.885	1046.757	65.753	7.655	4660.948	8013.142	12674.090
12-2020	93.5	2404.5	68.459	1612.139	65.751	7.441	4501.220	11995.175	16496.395
12-2021	68.1	1862.1	50.351	1248.936	65.761	7.407	3311.109	9250.491	12561.602
S Tot	2502.9	33313.1	1832.213	22479.354	65.747	7.720	120462.180	173535.906	293998.094
After	288.0	11978.0	213.489	8050.561	65.761	7.396	14039.208	59542.918	73582.117
Total	2790.9	45291.2	2045.702	30529.912	65.748	7.634	134501.391	233078.828	367580.188
Ver= => CGADUMP5
Cum	0.0	0.0
Ult	2790.9	45291.2

Page 9

- (11)	(12)	(13)	(14)	(15)	(16)	(17)	(18)	(19)	(20)	(21)
	Production	Ad Valorem	Wells		Operating	Other		Future Net	Cumulative	Cum. Disc.
—END—	Taxes	Taxes	Gross	Net	Expense	Deductions	Investment	Cash Flow	Cash Flow	Cash Flow
MO-YEAR	M$	M$	Count		M$	M$	M$	M$	M$	M$
12-2007	0.000	0.000	0.0	0.00	0.000	0.000	0.000	0.000	0.000	0.000
12-2008	0.000	0.000	0.0	0.00	0.000	0.000	0.000	0.000	0.000	0.000
12-2009	94.920	51.016	16.0	16.00	260.157	0.000	2100.000	-465.434	-465.434	-414.847
12-2010	199.601	107.439	22.0	22.00	610.381	0.000	5950.000	-2569.866	-3035.301	-2243.184
12-2011	1952.316	983.594	31.0	31.00	1214.448	0.000	11775.000	16026.558	12991.258	8421.371
12-2012	3148.966	1578.480	36.0	36.00	1802.337	0.000	8800.000	35077.246	48068.500	29867.734
12-2013	2709.061	1343.766	38.0	38.00	2154.291	0.000	2300.000	34369.820	82438.320	49141.906
12-2014	1821.635	894.570	40.0	40.00	2391.862	0.000	216.000	23381.018	105819.336	61087.406
12-2015	1654.449	808.253	43.0	43.00	2620.643	0.000	552.000	20285.518	126104.852	70487.820
12-2016	1779.709	876.335	43.0	43.00	2708.629	0.000	1420.000	21199.271	147304.109	79383.852
12-2017	1414.959	694.238	43.0	43.00	2682.217	0.000	16.000	17429.453	164733.578	86074.297
12-2018	1012.654	491.339	42.0	42.00	2603.008	0.000	16.000	11722.136	176455.703	90163.469
12-2019	815.389	391.344	44.0	44.00	2268.600	0.000	164.000	9034.757	185490.469	93010.336
12-2020	1106.694	514.935	42.0	42.00	2365.393	0.000	48.000	12461.371	197951.828	96596.164
12-2021	846.098	390.146	39.0	39.00	2365.389	0.000	32.000	8927.968	206879.797	98933.992
S Tot	18556.453	9125.456	479.0	479.00	26047.355	0.000	33389.000	206879.797	206879.797	98933.992
After	5111.522	2304.666	292.0	292.00	15638.719	0.000	976.000	49551.215	256430.984	106925.742
Total	23667.975	11430.123	771.0	771.00	41686.074	0.000	34365.000	256431.031	256430.984	106925.742

					Percent Interests			Percent	Cum. Disc.
						Initial	Final	5.00	159719.422
					Expense	100.0000	100.0000	10.00	106925.742
								15.00	75176.250
					Revenue			20.00	54770.289	*	***
					Oil	77.7242	70.0000	25.00	41007.746	*	***
Life	35.583 Years	ID******	100.00	3.77	Gas	77.7242	70.0000	30.00	31379.287

Page 10

Baseline Oil & Gas Interests

Matagorda and Stephens Counties, Texas

Proved Reserves

As of June 1, 2007

Seq #	Lease Name	Field Name	Reservoir	Operator	County	State	Major	Rsv_Cat	Disc. Rate	Net Oil Interest	Net Gas Interest	Working Interest	Gross Wells	Ult. Oil, MB	Ult. Gas, MMCF	Gross Oil, MB	Gross Gas, MMCF	Net Oil, MB
1008	ATKINS	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	84.50000	84.50000	100.00000	11	4,303.443	936.963	874.314	144.173	738.795
1003	ATKINS, -A- LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	79.03130	79.03130	100.00000	12	2,279.260	1,694.351	725.087	47.738	573.045
1005	ATKINS-TEXACO LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	72.00000	72.00000	100.00000	7	980.294	106.142	423.191	29.039	304.698
1004	BLACK CADDO UNIT	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	75.63600	75.63600	100.00000	32	2,900.276	366.996	1,059.091	148.841	801.054
1009	BLACK RANCH `C` 3	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	0.00000	0.00000	0.00000	32	64.005	11.875	0.000	0.000	0.000
1002	HILL, HENRY W. LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	78.25000	78.25000	100.00000	1	226.549	104.281	52.502	3.095	41.083
1001	MULESHOE RANCH LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	77.00000	77.00000	100.00000	3	74.952	1.878	62.989	0.044	48.502
1006	SPEAR LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	78.25000	78.25000	100.00000	3	175.306	22.853	58.684	7.004	45.920
1007	WEST BLACK CADDO UNIT	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	77.72420	77.72420	100.00000	13	390.463	149.269	247.440	101.463	192.321
1026	ATKINS, 16 & 19 PDNP	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	79.03130	79.03130	100.00000	2	29.402	1.746	29.402	1.746	23.237
1011	ATKINS, -A- LEASE PDNP	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	79.03130	79.03130	100.00000	3	75.464	4.655	75.464	4.655	59.640
1012	BCU PDNP 4 WELLS	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	4	75.176	5.752	75.176	5.752	56.860
1071	BCU PDNP 4 WELLS 2Q-08	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	4	74.196	5.673	74.196	5.673	56.119
1085	BCU PDNP 6 WELLS 4Q-08	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	6	109.631	8.375	109.631	8.375	82.921
1072	HILL LEASE 3 Workovers	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	78.25000	78.25000	100.00000	3	54.082	54.082	54.082	54.082	42.319
1025	WBCU 5 Workovers	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	5	83.112	6.397	83.112	6.397	62.863
1077	ATKINS -A- PUD 27	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1078	ATKINS -A- PUD 29	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1019	ATKINS -A- PUD 30	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1079	ATKINS -A- PUD 31	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1020	ATKINS -A- PUD 32	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1021	ATKINS -A- PUD 33	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1080	ATKINS -A- PUD 34	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965	76.006	5.965	60.069
1081	ATKINS, PUD 34	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965	76.286	5.965	64.461
1082	ATKINS, PUD 35	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965	76.286	5.965	64.461
1083	ATKINS, PUD 36	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.285	5.965	76.285	5.965	64.461
1084	ATKINS, PUD 37	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965	76.286	5.965	64.461
1024	ATKINS, PUD 38	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965	76.286	5.965	64.461
1022	ATKINS-TEXACO PUD 10	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	72.00000	72.00000	100.00000	1	75.553	5.965	75.553	5.965	54.398
1023	ATKINS-TEXACO PUD 11	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	72.00000	72.00000	100.00000	1	75.593	5.965	75.593	5.965	54.427
1015	BLACK CADDO PUD 1	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
1016	BLACK CADDO PUD 2	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
1014	BLACK CADDO PUD 3	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
1013	BLACK CADDO PUD 4	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
1017	BLACK CADDO PUD 5	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
1018	BLACK CADDO PUD 6	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147	59.491	5.147	44.996
	Total: ENTITY = STEPHENS												161	13,317.174	3,595.684	5,425.924	682.473	4,250.967
1	BLESSING UNIT #1	POTTHAST	TM-8, TM-7, TM-6	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	63.930	1,851.986	17.479	1,025.966	12.235
8	BLESSING UNIT #1-2	PHEASANT, EAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	39.245	859.929	31.654	700.318	22.158
3	BLESSING UNIT #2	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	59.456	1,831.024	7.674	615.973	5.372
4	BLESSING UNIT #2-2	POTTHAST	TM-7, TM-6, TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	56.611	558.978	42.599	390.893	29.819
2	BLESSING UNIT #3	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	60.154	1,381.144	28.164	845.183	19.715
9	BLESSING UNIT #3-2	PHEASANT, SW	TM-8, TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	0.502	17.998	0.148	5.400	0.104
6	EAST BLESSING UNIT #1	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	75.00000	75.00000	100.00000	1	121.013	1,865.782	43.634	938.100	32.726
10	EAST BLESSING UNIT #2	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	75.00000	75.00000	100.00000	1	15.942	499.711	7.514	348.191	5.635
5	NEVADA BLESSING GU #1	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	89.796	1,205.172	65.373	871.643	45.761
94	NEVADA BLESSING GU #2	PHEASANT, SW	LWR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	OIL	PDP	10	70.00000	70.00000	100.00000	1	34.825	35.521	34.825	35.521	24.377
7	SOUTHEAST BLESSING UNIT #1	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	219.992	3,154.828	182.783	2,715.950	127.948
81	SOUTHEAST BLESSING UNIT #2	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	40.478	416.870	40.478	416.870	28.335
29	BLESSING #2-2 (BP4)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.800	200.000	1.800	200.000	1.260
137	BLESSING UNIT #3-2 (BP1)	POTTHAST	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.650	239.946	1.650	239.946	1.155
78	BLESSING UNIT #3-2 (BP3)	POTTHAST	I	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.490	100.000	1.490	100.000	1.043
38	EAST BLESSING UNIT #2 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	75.00000	75.00000	100.00000	1	16.356	274.000	16.356	274.000	12.267
131	Incremental Due To Compression	PHEASANT, SW		KEBO OILO & GAS	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	65.520	1,200.000	65.520	1,200.000	45.864
132	SOUTHEAST BLESSING UNIT #2 (ADD	PHEASANT, SW	K-2	KEBO OIL & GAS	MATAGORDA	TX	GAS	PDNP	10	75.00000	75.00000	100.00000	1	34.510	1,015.000	34.510	1,015.000	25.883
90	SOUTHEAST BLESSING UNIT #2 (BP7)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	0.738	109.293	0.738	109.293	0.517
26	BLESSING #2-2 (BP5)	POTTHAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.951	426.884	3.951	426.884	2.766
14	BLESSING UNIT #1-2 (BP2)	PHEASANT, EAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.786	207.279	1.786	207.279	1.250
15	BLESSING UNIT #1-2 (BP3)	PHEASANT, EAST	F-20	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.979	262.334	1.979	262.334	1.385
16	BLESSING UNIT #1-2 (BP4)	PHEASANT, EAST	F-18	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	0.569	80.149	0.569	80.149	0.398
18	BLESSING UNIT #2 (BP2)	POTTHAST	TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	11.000	387.978	11.000	387.978	7.700
21	BLESSING UNIT #2 (BP5)	POTTHAST	UPR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.444	500.629	3.444	500.629	2.411
25	BLESSING UNIT #3 (BP2)	POTTHAST	TM-6	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	6.439	287.292	6.439	287.292	4.507
24	BLESSING UNIT #3 (BP3)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.831	409.290	1.831	409.290	1.282
79	BLESSING UNIT #3-2 (BP2)	POTTHAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	4.711	292.667	4.711	292.667	3.298
31	EAST BLESSING UNIT #1 (BP1)	POTTHAST	J	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	4.977	160.528	4.977	160.528	3.733
32	EAST BLESSING UNIT #1 (BP2)	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	52.000	1,300.000	52.000	1,300.000	39.000
34	EAST BLESSING UNIT #1 (BP4)	POTTHAST	TM-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	13.805	464.481	13.805	464.481	10.354
36	EAST BLESSING UNIT #1 (BP6)	POTTHAST	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	3.180	459.764	3.180	459.764	2.385
37	EAST BLESSING UNIT #1 (BP7)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	2.425	340.227	2.425	340.227	1.819
42	EAST BLESSING UNIT #2 (BP5)	PHEASANT, SW	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	3.622	464.466	3.622	464.466	2.716
43	EAST BLESSING UNIT #2 (BP6)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	2.746	338.167	2.746	338.167	2.059
48	NEVADA BLESSING GU #1 (BP2)	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	13.950	494.018	13.950	494.018	9.765
49	NEVADA BLESSING GU #1 (BP3)	PHEASANT, SW	J	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.927	145.939	3.927	145.939	2.749
50	NEVADA BLESSING GU #1 (BP4)	PHEASANT, SW	TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	2.859	104.488	2.859	104.488	2.002
51	NEVADA BLESSING GU #1 (BP5)	PHEASANT, SW	TM-4	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	8.921	325.540	8.921	325.540	6.244
53	NEVADA BLESSING GU #1 (BP7)	PHEASANT, SW	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	OIL	PDBP	10	70.00000	70.00000	100.00000	1	37.087	40.796	37.087	40.796	25.961
45	SOUTHEAST BLESSING UNIT #1 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	97.168	2,014.093	97.168	2,014.093	68.018
46	SOUTHEAST BLESSING UNIT #1 (BP2)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.226	449.334	3.226	449.334	2.258
84	SOUTHEAST BLESSING UNIT #2 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	84.784	1,757.438	84.784	1,757.438	59.349
85	SOUTHEAST BLESSING UNIT #2 (BP2)	PHEASANT, SW	TM-4	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	7.065	432.939	7.065	432.939	4.946
86	SOUTHEAST BLESSING UNIT #2 (BP4)	PHEASANT, SW	TM-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	8.926	547.762	8.926	547.762	6.248
89	SOUTHEAST BLESSING UNIT #2 (BP6)	PHEASANT, SW	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	0.654	89.084	0.654	89.084	0.458
75	BLESSING #1-3 PVUD	POTTHAST	TM-1-3	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	50.689	742.091	50.689	742.091	35.483
95	BLESSING #2-2 A PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001	52.000	1,300.001	36.400
74	BLESSING #2-4 PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.000	52.000	1,300.000	36.400
72	BLESSING #3-3 PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001	52.000	1,300.001	36.400
73	BLESSING #3-4 PVUD	POTTHAST	TM-8 U MCD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	57.960	1,838.159	57.960	1,838.159	40.572
66	BLESSING #3-6 PVUD	POTTHAST	K-2 F-25 F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	198.502	2,639.001	198.502	2,639.001	138.951
58	EAST BLESSING #3 PVUD	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	75.00000	75.00000	100.00000	1	99.155	1,709.577	99.155	1,709.577	74.367
57	EAST BLESSING #5 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	75.00000	75.00000	100.00000	1	99.180	1,710.000	99.180	1,710.000	74.385
77	NEVADA BLESSING #11 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	99.180	1,710.000	99.180	1,710.000	69.426
64	NEVADA BLESSING #3 PVUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001	52.000	1,300.001	36.400
67	NEVADA BLESSING #4 PVUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.000	52.000	1,300.000	36.400
76	NEVADA BLESSING GU #2-A PVUD	PHEASANT, SW	TM-8 K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	67.728	1,772.760	67.728	1,772.760	47.410
56	SOUTHEAST BLESSING #3 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	99.155	1,709.577	99.155	1,709.577	69.409
82	SOUTHEAST BLESSING #5 PVUD	PHEASANT, SW	K-2 F-25 F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	230.209	3,103.423	230.209	3,103.423	161.146
	Total: ENTITY = DSX												60	2,572.802	53,035.333	2,273.183	48,266.399	1,610.383
	GRAND TOTAL												221	15,889.975	56,631.017	7,699.106	48,948.872	5,861.351

Net Gas, MMCF	Rev. To Int., M$	Oper. Exp., M$	Total Invest., M$	Rev. Oil, M$	Rev. Gas, M$	Oper. Profit, M$	Disc Net Inc., M$	Life Yrs	Prod. Tax, M$	Ad Valorem, M$	Start Date
108.060	46,883.928	23,159.748	110.000	48,753.216	403.626	22,385.248	9,610.634	39.250	2,272.920	1,228.921	06/2007
33.465	36,203.928	20,903.300	231.000	37,827.568	125.861	14,120.787	7,093.046	28.000	1,749.508	948.836	06/2007
18.545	19,251.274	9,427.039	110.000	20,112.298	69.338	9,209.691	4,582.982	30.750	930.366	504.541	06/2007
64.282	50,705.944	30,986.694	514.000	52,917.228	240.983	17,876.296	10,515.519	21.333	2,452.267	1,328.955	06/2007
0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	06/2007
2.148	2,595.955	1,569.615	49.000	2,713.307	8.065	909.305	541.154	21.333	125.417	68.034	06/2007
0.028	3,057.841	1,858.784	16.000	3,205.177	0.109	1,102.925	635.535	21.000	147.446	80.132	06/2007
4.746	2,914.553	2,183.990	40.000	3,037.762	17.868	614.172	426.865	13.000	141.077	76.391	06/2007
49.525	12,288.685	6,857.918	278.000	12,701.425	185.434	4,830.598	2,679.757	26.083	598.173	322.172	06/2007
1.224	1,471.642	352.904	95.000	1,538.061	4.682	985.169	627.172	18.250	71.102	38.569	08/2007
3.263	3,766.843	1,497.711	150.000	3,936.474	12.375	2,020.411	1,022.839	25.917	182.006	98.721	10/2007
2.484	3,587.455	1,769.364	180.000	3,751.338	9.381	1,544.073	824.212	19.417	173.265	94.018	12/2007
2.450	3,538.052	1,730.369	180.000	3,699.686	9.245	1,534.960	788.907	19.417	170.879	92.723	05/2008
3.617	5,223.867	2,536.748	270.000	5,462.538	13.627	2,280.214	1,126.068	19.417	252.299	136.904	10/2008
37.537	2,789.493	1,221.776	135.000	2,787.234	141.050	1,359.509	662.619	19.167	138.792	73.207	12/2008
2.763	3,960.975	1,958.409	225.000	4,141.889	10.392	1,673.759	792.113	23.833	191.306	103.807	08/2008
4.182	3,785.786	614.804	250.000	3,953.149	15.656	2,821.762	1,239.471	32.167	183.019	99.220	04/2010
4.182	3,785.736	614.804	250.000	3,953.107	15.645	2,821.713	1,229.629	32.250	183.016	99.219	05/2010
4.182	3,797.355	614.804	250.000	3,964.997	15.943	2,833.027	1,521.537	30.083	183.586	99.524	03/2008
4.182	3,785.684	614.804	250.000	3,953.063	15.634	2,821.663	1,219.864	32.333	183.013	99.217	06/2010
4.182	3,788.794	614.804	250.000	3,956.122	15.842	2,824.692	1,365.775	31.167	183.170	99.299	04/2009
4.182	3,792.883	614.804	250.000	3,960.341	15.911	2,828.673	1,447.193	30.583	183.369	99.406	09/2008
4.182	3,785.352	614.804	250.000	3,952.788	15.560	2,821.340	1,162.863	32.833	182.995	99.209	12/2010
4.471	4,064.469	628.772	250.000	4,244.094	16.869	3,079.173	1,439.366	32.167	196.493	106.524	08/2009
4.471	4,064.130	628.772	250.000	4,243.755	16.851	3,078.843	1,427.723	32.250	196.477	106.515	09/2009
4.471	4,063.785	628.772	250.000	4,243.412	16.833	3,078.507	1,416.169	32.333	196.459	106.506	10/2009
4.471	4,063.435	628.772	250.000	4,243.063	16.814	3,078.166	1,404.702	32.417	196.442	106.497	11/2009
4.471	4,080.033	628.772	250.000	4,260.275	17.006	3,094.329	1,714.152	30.417	197.248	106.932	11/2007
3.810	3,441.856	593.852	250.000	3,593.745	14.512	2,507.797	1,383.340	28.833	166.401	90.206	12/2007
3.810	3,439.496	589.971	250.000	3,591.268	14.515	2,509.380	1,327.881	29.333	166.287	90.145	05/2008
2.223	2,838.669	567.802	250.000	2,967.354	8.447	1,946.472	1,013.036	27.250	137.132	74.395	08/2008
2.223	2,835.615	567.802	250.000	2,964.168	8.431	1,943.499	971.168	27.667	136.984	74.315	01/2009
2.223	2,834.511	567.802	250.000	2,963.047	8.393	1,942.423	932.537	28.083	136.930	74.286	06/2009
2.223	2,839.825	567.802	250.000	2,968.560	8.453	1,947.597	1,030.200	27.083	137.188	74.425	06/2008
2.223	2,836.865	567.802	250.000	2,965.472	8.438	1,944.715	987.739	27.500	137.045	74.348	11/2008
2.223	2,836.245	567.802	250.000	2,964.825	8.435	1,944.112	979.425	27.583	137.015	74.331	12/2008
406.722	269,000.954	120,052.487	7,583.000	280,491.805	1,526.224	134,314.996	67,143.190		13,017.089	7,050.451
682.268	5,822.617	1,399.200	0.000	814.521	5,454.664	4,222.803	3,186.293	13.250	446.568	200.614	06/2007
465.711	4,844.817	1,320.000	0.000	1,470.945	3,720.579	3,358.688	2,571.463	12.500	346.707	166.129	06/2007
409.622	3,377.909	695.200	0.000	361.315	3,279.150	2,566.214	2,258.192	6.583	262.557	116.495	06/2007
259.944	3,798.430	1,548.800	0.000	1,972.364	2,072.211	2,120.204	1,491.287	14.667	246.145	129.426	06/2007
562.047	5,409.639	1,302.400	0.000	1,314.058	4,493.003	3,921.413	3,040.926	12.333	397.422	185.826	06/2007
3.591	31.294	26.400	0.000	7.102	26.507	3.819	3.793	0.250	2.315	1.075	06/2007
668.396	7,051.811	642.400	0.000	2,197.684	5,356.995	6,167.661	5,459.010	6.083	502.868	241.750	06/2007
248.086	2,212.292	598.400	0.000	377.739	2,002.086	1,537.738	1,337.280	5.667	167.532	76.154	06/2007
579.642	7,229.582	827.200	0.000	3,057.922	4,661.972	6,155.345	5,239.186	7.833	490.312	247.037	06/2007
23.622	1,722.303	748.000	0.000	1,620.725	190.412	916.347	762.312	7.083	88.834	57.956	06/2007
1,806.107	21,469.030	1,768.800	0.000	8,502.607	14,440.588	18,966.046	14,187.137	16.750	1,474.164	734.182	06/2007
277.219	3,868.960	765.600	0.000	1,890.582	2,232.805	2,971.411	2,516.517	7.250	254.427	131.948	06/2007
133.000	892.938	79.200	16.000	82.789	879.954	766.930	55.324	28.000	69.805	30.808	09/2034
159.564	1,102.820	281.600	20.000	77.397	1,112.415	763.146	674.538	3.083	86.991	38.074	11/2007
66.500	546.049	176.000	16.000	68.517	519.658	335.227	165.449	8.500	42.126	18.822	04/2014
195.225	2,175.447	176.000	100.000	806.081	1,520.481	1,824.996	996.391	7.333	151.116	74.450	02/2013
798.000	7,997.248	710.000	1,200.000	3,033.477	5,517.092	5,873.484	4,168.267	12.417	553.322	213.764	01/2008
723.188	6,300.816	0.000	20.000	1,738.189	5,019.010	6,111.886	5,365.255	4.500	456.382	168.930	11/2007
72.680	557.737	79.200	100.000	33.946	567.949	359.277	17.130	32.250	44.158	19.261	12/2038
283.878	1,910.692	352.000	16.000	181.726	1,878.189	1,476.774	94.251	31.333	149.224	65.917	06/2035
137.840	921.967	281.600	16.000	82.166	911.979	592.554	89.184	21.750	72.178	31.813	07/2026
174.452	1,154.465	281.600	16.000	91.011	1,154.207	817.018	95.876	24.417	90.752	39.847	03/2029
53.299	351.154	140.800	16.000	26.167	352.639	182.232	17.050	25.750	27.652	12.122	11/2031
258.005	2,347.652	343.200	100.000	505.982	2,016.157	1,823.744	691.570	12.500	174.487	80.708	09/2016
332.918	2,188.591	369.600	16.000	158.428	2,202.650	1,727.437	365.424	18.917	172.486	75.554	11/2022
191.049	1,663.526	281.600	100.000	296.184	1,492.937	1,224.674	193.566	21.250	125.595	57.252	01/2026
272.178	1,746.074	396.000	16.000	84.225	1,800.782	1,273.753	153.016	25.000	138.933	60.320	09/2028
194.623	1,426.647	396.000	16.000	216.696	1,318.831	965.510	651.762	6.833	108.880	49.137	07/2010
114.376	1,060.739	202.400	100.000	245.273	893.783	721.890	378.976	8.000	78.316	36.450	07/2013
926.250	9,140.038	932.800	100.000	2,562.690	7,238.088	7,793.612	3,045.852	16.833	660.740	313.625	06/2015
330.943	3,041.226	492.800	100.000	680.361	2,586.121	2,343.899	377.916	22.417	225.256	104.527	03/2025
327.581	2,154.280	308.000	16.000	156.696	2,167.342	1,755.911	150.051	28.000	169.759	74.369	07/2032
242.411	1,597.580	228.800	16.000	119.526	1,603.840	1,297.632	85.452	30.167	125.786	55.148	06/2035
330.932	2,195.580	413.600	16.000	178.494	2,189.511	1,690.204	369.296	18.833	172.424	75.776	05/2022
240.944	1,603.664	360.800	16.000	135.318	1,594.131	1,171.522	177.818	22.250	125.784	55.342	04/2026
328.522	2,986.824	378.400	100.000	641.677	2,567.204	2,405.740	714.511	15.250	222.057	102.684	02/2019
97.050	873.842	255.200	100.000	180.646	758.384	488.593	104.238	17.667	65.189	30.049	09/2022
69.484	627.729	140.800	100.000	131.525	542.977	365.345	64.503	19.000	46.773	21.584	02/2025
216.484	1,956.263	387.200	100.000	410.320	1,691.694	1,401.798	205.502	22.667	145.752	67.264	06/2026
27.129	1,793.473	774.400	16.000	1,705.913	179.494	942.740	68.906	32.750	91.934	60.333	11/2032
1,339.372	13,945.273	827.200	100.000	4,469.456	10,466.390	12,540.126	2,150.641	24.583	990.574	477.947	03/2024
298.807	2,294.250	475.200	16.000	148.403	2,327.214	1,723.830	146.786	29.083	181.368	79.220	01/2032
1,168.696	12,168.150	721.600	100.000	3,899.830	9,132.661	10,929.510	4,728.597	14.083	864.342	417.040	09/2014
287.904	2,391.104	457.600	100.000	324.990	2,249.799	1,751.111	406.457	18.417	183.684	82.393	07/2021
364.261	3,024.663	580.800	100.000	410.549	2,846.485	2,239.638	265.629	26.333	232.372	104.225	04/2028
59.241	456.901	123.200	100.000	30.073	462.931	217.924	11.529	31.500	36.103	15.776	10/2037
493.490	5,875.830	616.000	2,200.000	2,331.544	3,947.607	2,858.897	1,670.156	8.917	403.322	200.933	07/2010
864.500	8,865.588	792.000	2,200.000	2,406.066	7,102.921	5,569.301	3,884.273	8.583	643.398	304.288	07/2008
864.500	8,665.506	792.000	2,200.000	2,391.901	6,901.224	5,376.126	3,134.404	10.417	627.619	297.380	05/2010
864.500	8,739.455	792.000	2,200.000	2,393.907	6,979.102	5,447.519	3,365.887	9.833	633.552	299.936	10/2009
1,222.375	11,692.917	1,232.000	2,216.000	2,672.288	9,884.925	7,843.089	4,571.834	13.250	864.295	401.831	01/2009
1,754.935	21,828.584	1,716.000	2,232.000	9,142.581	14,169.259	17,134.608	9,147.451	18.000	1,483.253	745.979	03/2009
1,218.073	14,011.041	748.000	2,200.000	4,934.458	10,057.913	10,583.287	8,263.176	7.667	981.329	479.756	01/2008
1,218.375	13,984.138	748.000	2,200.000	4,915.527	10,048.352	10,557.294	7,742.961	8.333	979.741	478.844	09/2008
1,137.150	12,944.673	748.000	2,200.000	4,572.184	9,278.712	9,553.442	6,555.660	9.000	906.224	443.229	05/2009
864.500	8,744.019	792.000	2,200.000	2,394.964	6,982.945	5,451.928	3,424.380	9.667	633.889	300.093	08/2009
864.500	8,629.763	792.000	2,200.000	2,391.580	6,862.915	5,341.620	3,013.036	10.750	624.731	296.144	09/2010
1,178.886	11,834.365	1,170.400	2,300.000	3,131.826	9,563.894	7,957.702	4,921.095	12.000	861.356	406.263	05/2008
1,136.868	13,070.721	748.000	2,200.000	4,601.355	9,384.897	9,675.162	7,414.040	7.833	915.530	447.560	03/2008
2,063.777	25,459.688	2,270.400	2,248.000	10,622.542	16,568.417	20,071.178	10,044.063	22.500	1,731.268	870.111	06/2008
32,549.473	337,780.368	38,004.400	34,076.000	106,405.002	255,427.030	254,228.502	146,452.519		24,051.656	11,471.471
32,956.195	606,781.321	158,056.887	41,659.000	386,896.807	256,953.254	388,543.498	213,595.709		37,068.745	18,521.922

1 of 5

Baseline Oil & Gas Interests

Matagorda and Stephens Counties, Texas

Proved Developed Producing Reserves

As of June 1, 2007

Seq #	Lease Name	Field Name	Reservoir	Operator	County	State	Major	Rsv_Cat	Disc. Rate	Net Oil Interest	Net Gas Interest	Working Interest	Gross Wells	Ult. Oil, MB	Ult. Gas, MMCF
1008	ATKINS	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	84.50000	84.50000	100.00000	11	4,303.443	936.963
1003	ATKINS, -A- LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	79.03130	79.03130	100.00000	12	2,279.260	1,694.351
1005	ATKINS-TEXACO LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	72.00000	72.00000	100.00000	7	980.294	106.142
1004	BLACK CADDO UNIT	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	75.63600	75.63600	100.00000	32	2,900.276	366.996
1009	BLACK RANCH `C` 3	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	0.00000	0.00000	0.00000	32	64.005	11.875
1002	HILL, HENRY W. LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	78.25000	78.25000	100.00000	1	226.549	104.281
1001	MULESHOE RANCH LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	77.00000	77.00000	100.00000	3	74.952	1.878
1006	SPEAR LEASE	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	78.25000	78.25000	100.00000	3	175.306	22.853
1007	WEST BLACK CADDO UNIT	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDP	10	77.72420	77.72420	100.00000	13	390.463	149.269
	Total: ENTITY = STEPHENS												114	11,394.547	3,394.607
1	BLESSING UNIT #1	POTTHAST	TM-8, TM-7, TM-6	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	63.930	1,851.986
8	BLESSING UNIT #1-2	PHEASANT, EAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	39.245	859.929
3	BLESSING UNIT #2	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	59.456	1,831.024
4	BLESSING UNIT #2-2	POTTHAST	TM-7, TM-6, TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	56.611	558.978
2	BLESSING UNIT #3	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	60.154	1,381.144
9	BLESSING UNIT #3-2	PHEASANT, SW	TM-8, TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	0.502	17.998
6	EAST BLESSING UNIT #1	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	75.00000	75.00000	100.00000	1	121.013	1,865.782
10	EAST BLESSING UNIT #2	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	75.00000	75.00000	100.00000	1	15.942	499.711
5	NEVADA BLESSING GU #1	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	89.796	1,205.172
94	NEVADA BLESSING GU #2	PHEASANT, SW	LWR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	OIL	PDP	10	70.00000	70.00000	100.00000	1	34.825	35.521
7	SOUTHEAST BLESSING UNIT #1	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	219.992	3,154.828
81	SOUTHEAST BLESSING UNIT #2	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDP	10	70.00000	70.00000	100.00000	1	40.478	416.870
	Total: ENTITY = DSX												12	801.945	13,678.942
	GRAND TOTAL												126	12,196.492	17,073.549

Gross Oil, MB	Gross Gas, MMCF	Net Oil, MB	Net Gas, MMCF	Rev. To Int., M$	Oper. Exp., M$	Total Invest., M$	Rev. Oil, M$	Rev. Gas, M$	Oper. Profit, M$	Disc Net Inc., M$	Life Yrs	Prod. Tax, M$	Ad Valorem, M$	Start Date
874.314	144.173	738.795	108.060	46,883.928	23,159.748	110.000	48,753.216	403.626	22,385.248	9,610.634	39.250	2,272.920	1,228.921	06/2007
725.087	47.738	573.045	33.465	36,203.928	20,903.300	231.000	37,827.568	125.861	14,120.787	7,093.046	28.000	1,749.508	948.836	06/2007
423.191	29.039	304.698	18.545	19,251.274	9,427.039	110.000	20,112.298	69.338	9,209.691	4,582.982	30.750	930.366	504.541	06/2007
1,059.091	148.841	801.054	64.282	50,705.944	30,986.694	514.000	52,917.228	240.983	17,876.296	10,515.519	21.333	2,452.267	1,328.955	06/2007
0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	0.000	06/2007
52.502	3.095	41.083	2.148	2,595.955	1,569.615	49.000	2,713.307	8.065	909.305	541.154	21.333	125.417	68.034	06/2007
62.989	0.044	48.502	0.028	3,057.841	1,858.784	16.000	3,205.177	0.109	1,102.925	635.535	21.000	147.446	80.132	06/2007
58.684	7.004	45.920	4.746	2,914.553	2,183.990	40.000	3,037.762	17.868	614.172	426.865	13.000	141.077	76.391	06/2007
247.440	101.463	192.321	49.525	12,288.685	6,857.918	278.000	12,701.425	185.434	4,830.598	2,679.757	26.083	598.173	322.172	06/2007
3,503.297	481.396	2,745.417	280.799	173,902.107	96,947.087	1,348.000	181,267.981	1,051.284	71,049.022	36,085.491		8,417.173	4,557.982
17.479	1,025.966	12.235	682.268	5,822.617	1,399.200	0.000	814.521	5,454.664	4,222.803	3,186.293	13.250	446.568	200.614	06/2007
31.654	700.318	22.158	465.711	4,844.817	1,320.000	0.000	1,470.945	3,720.579	3,358.688	2,571.463	12.500	346.707	166.129	06/2007
7.674	615.973	5.372	409.622	3,377.909	695.200	0.000	361.315	3,279.150	2,566.214	2,258.192	6.583	262.557	116.495	06/2007
42.599	390.893	29.819	259.944	3,798.430	1,548.800	0.000	1,972.364	2,072.211	2,120.204	1,491.287	14.667	246.145	129.426	06/2007
28.164	845.183	19.715	562.047	5,409.639	1,302.400	0.000	1,314.058	4,493.003	3,921.413	3,040.926	12.333	397.422	185.826	06/2007
0.148	5.400	0.104	3.591	31.294	26.400	0.000	7.102	26.507	3.819	3.793	0.250	2.315	1.075	06/2007
43.634	938.100	32.726	668.396	7,051.811	642.400	0.000	2,197.684	5,356.995	6,167.661	5,459.010	6.083	502.868	241.750	06/2007
7.514	348.191	5.635	248.086	2,212.292	598.400	0.000	377.739	2,002.086	1,537.738	1,337.280	5.667	167.532	76.154	06/2007
65.373	871.643	45.761	579.642	7,229.582	827.200	0.000	3,057.922	4,661.972	6,155.345	5,239.186	7.833	490.312	247.037	06/2007
34.825	35.521	24.377	23.622	1,722.303	748.000	0.000	1,620.725	190.412	916.347	762.312	7.083	88.834	57.956	06/2007
182.783	2,715.950	127.948	1,806.107	21,469.030	1,768.800	0.000	8,502.607	14,440.588	18,966.046	14,187.137	16.750	1,474.164	734.182	06/2007
40.478	416.870	28.335	277.219	3,868.960	765.600	0.000	1,890.582	2,232.805	2,971.411	2,516.517	7.250	254.427	131.948	06/2007
502.326	8,910.008	354.185	5,986.254	66,838.682	11,642.400	0.000	23,587.562	47,930.972	52,907.687	42,053.394		4,679.850	2,288.593
4,005.623	9,391.404	3,099.603	6,267.052	240,740.789	108,589.487	1,348.000	204,855.543	48,982.256	123,956.708	78,138.885		13,097.024	6,846.575

2 pf 5

Baseline Oil & Gas Interests

Matagorda and Stephens Counties, Texas

Proved Developed Non-Producing Reserves

As of June 1, 2007

Seq #	Lease Name	Field Name	Reservoir	Operator	County	State	Major	Rsv_Cat	Disc. Rate	Net Oil Interest	Net Gas Interest	Working Interest	Gross Wells	Ult. Oil, MB	Ult. Gas, MMCF
1026	ATKINS, 16 & 19 PDNP	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	79.03130	79.03130	100.00000	2	29.402	1.746
1011	ATKINS, -A- LEASE PDNP	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	79.03130	79.03130	100.00000	3	75.464	4.655
1012	BCU PDNP 4 WELLS	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	4	75.176	5.752
1071	BCU PDNP 4 WELLS 2Q-08	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	4	74.196	5.673
1085	BCU PDNP 6 WELLS 4Q-08	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	6	109.631	8.375
1072	HILL LEASE 3 Workovers	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	78.25000	78.25000	100.00000	3	54.082	54.082
1025	WBCU 5 Workovers	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PDNP	10	75.63600	75.63600	100.00000	5	83.112	6.397
	Total: ENTITY = STEPHENS												27	501.063	86.681
29	BLESSING #2-2 (BP4)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.800	200.000
137	BLESSING UNIT #3-2 (BP1)	POTTHAST	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.650	239.946
78	BLESSING UNIT #3-2 (BP3)	POTTHAST	I	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	1.490	100.000
38	EAST BLESSING UNIT #2 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	75.00000	75.00000	100.00000	1	16.356	274.000
131	Incremental Due To Compression	PHEASANT, SW		KEBO OILO & GAS	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	65.520	1,200.000
132	SOUTHEAST BLESSING UNIT #2 (ADD	PHEASANT, SW	K-2	KEBO OIL & GAS	MATAGORDA	TX	GAS	PDNP	10	75.00000	75.00000	100.00000	1	34.510	1,015.000
90	SOUTHEAST BLESSING UNIT #2 (BP7)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDNP	10	70.00000	70.00000	100.00000	1	0.738	109.293
26	BLESSING #2-2 (BP5)	POTTHAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.951	426.884
14	BLESSING UNIT #1-2 (BP2)	PHEASANT, EAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.786	207.279
15	BLESSING UNIT #1-2 (BP3)	PHEASANT, EAST	F-20	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.979	262.334
16	BLESSING UNIT #1-2 (BP4)	PHEASANT, EAST	F-18	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	0.569	80.149
18	BLESSING UNIT #2 (BP2)	POTTHAST	TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	11.000	387.978
21	BLESSING UNIT #2 (BP5)	POTTHAST	UPR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.444	500.629
25	BLESSING UNIT #3 (BP2)	POTTHAST	TM-6	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	6.439	287.292
24	BLESSING UNIT #3 (BP3)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	1.831	409.290
79	BLESSING UNIT #3-2 (BP2)	POTTHAST	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	4.711	292.667
31	EAST BLESSING UNIT #1 (BP1)	POTTHAST	J	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	4.977	160.528
32	EAST BLESSING UNIT #1 (BP2)	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	52.000	1,300.000
34	EAST BLESSING UNIT #1 (BP4)	POTTHAST	TM-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	13.805	464.481
36	EAST BLESSING UNIT #1 (BP6)	POTTHAST	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	3.180	459.764
37	EAST BLESSING UNIT #1 (BP7)	POTTHAST	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	2.425	340.227
42	EAST BLESSING UNIT #2 (BP5)	PHEASANT, SW	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	3.622	464.466
43	EAST BLESSING UNIT #2 (BP6)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	75.00000	75.00000	100.00000	1	2.746	338.167
48	NEVADA BLESSING GU #1 (BP2)	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	13.950	494.018
49	NEVADA BLESSING GU #1 (BP3)	PHEASANT, SW	J	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.927	145.939
50	NEVADA BLESSING GU #1 (BP4)	PHEASANT, SW	TM-5	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	2.859	104.488
51	NEVADA BLESSING GU #1 (BP5)	PHEASANT, SW	TM-4	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	8.921	325.540
53	NEVADA BLESSING GU #1 (BP7)	PHEASANT, SW	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	OIL	PDBP	10	70.00000	70.00000	100.00000	1	37.087	40.796
45	SOUTHEAST BLESSING UNIT #1 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	97.168	2,014.093
46	SOUTHEAST BLESSING UNIT #1 (BP2)	PHEASANT, SW	F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	3.226	449.334
84	SOUTHEAST BLESSING UNIT #2 (BP1)	PHEASANT, SW	K-1	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	84.784	1,757.438
85	SOUTHEAST BLESSING UNIT #2 (BP2)	PHEASANT, SW	TM-4	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	7.065	432.939
86	SOUTHEAST BLESSING UNIT #2 (BP4)	PHEASANT, SW	TM-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	8.926	547.762
89	SOUTHEAST BLESSING UNIT #2 (BP6)	PHEASANT, SW	F-25	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PDBP	10	70.00000	70.00000	100.00000	1	0.654	89.084
	Total: ENTITY = DSX												34	509.098	15,921.802
	GRAND TOTAL												61	1,010.161	16,008.483

Gross Oil, MB	Gross Gas, MMCF	Net Oil, MB	Net Gas, MMCF	Rev. To Int., M$	Oper. Exp., M$	Total Invest., M$	Rev. Oil, M$	Rev. Gas, M$	Oper. Profit, M$	Disc Net Inc., M$	Life Yrs	Prod. Tax, M$	Ad Valorem, M$	Start Date
29.402	1.746	23.237	1.224	1,471.642	352.904	95.000	1,538.061	4.682	985.169	627.172	18.250	71.102	38.569	08/2007
75.464	4.655	59.640	3.263	3,766.843	1,497.711	150.000	3,936.474	12.375	2,020.411	1,022.839	25.917	182.006	98.721	10/2007
75.176	5.752	56.860	2.484	3,587.455	1,769.364	180.000	3,751.338	9.381	1,544.073	824.212	19.417	173.265	94.018	12/2007
74.196	5.673	56.119	2.450	3,538.052	1,730.369	180.000	3,699.686	9.245	1,534.960	788.907	19.417	170.879	92.723	05/2008
109.631	8.375	82.921	3.617	5,223.867	2,536.748	270.000	5,462.538	13.627	2,280.214	1,126.068	19.417	252.299	136.904	10/2008
54.082	54.082	42.319	37.537	2,789.493	1,221.776	135.000	2,787.234	141.050	1,359.509	662.619	19.167	138.792	73.207	12/2008
83.112	6.397	62.863	2.763	3,960.975	1,958.409	225.000	4,141.889	10.392	1,673.759	792.113	23.833	191.306	103.807	08/2008
501.063	86.681	383.959	53.339	24,338.325	11,067.282	1,235.000	25,317.221	200.753	11,398.093	5,843.929		1,179.649	637.949
1.800	200.000	1.260	133.000	892.938	79.200	16.000	82.789	879.954	766.930	55.324	28.000	69.805	30.808	09/2034
1.650	239.946	1.155	159.564	1,102.820	281.600	20.000	77.397	1,112.415	763.146	674.538	3.083	86.991	38.074	11/2007
1.490	100.000	1.043	66.500	546.049	176.000	16.000	68.517	519.658	335.227	165.449	8.500	42.126	18.822	04/2014
16.356	274.000	12.267	195.225	2,175.447	176.000	100.000	806.081	1,520.481	1,824.996	996.391	7.333	151.116	74.450	02/2013
65.520	1,200.000	45.864	798.000	7,997.248	710.000	1,200.000	3,033.477	5,517.092	5,873.484	4,168.267	12.417	553.322	213.764	01/2008
34.510	1,015.000	25.883	723.188	6,300.816	0.000	20.000	1,738.189	5,019.010	6,111.886	5,365.255	4.500	456.382	168.930	11/2007
0.738	109.293	0.517	72.680	557.737	79.200	100.000	33.946	567.949	359.277	17.130	32.250	44.158	19.261	12/2038
3.951	426.884	2.766	283.878	1,910.692	352.000	16.000	181.726	1,878.189	1,476.774	94.251	31.333	149.224	65.917	06/2035
1.786	207.279	1.250	137.840	921.967	281.600	16.000	82.166	911.979	592.554	89.184	21.750	72.178	31.813	07/2026
1.979	262.334	1.385	174.452	1,154.465	281.600	16.000	91.011	1,154.207	817.018	95.876	24.417	90.752	39.847	03/2029
0.569	80.149	0.398	53.299	351.154	140.800	16.000	26.167	352.639	182.232	17.050	25.750	27.652	12.122	11/2031
11.000	387.978	7.700	258.005	2,347.652	343.200	100.000	505.982	2,016.157	1,823.744	691.570	12.500	174.487	80.708	09/2016
3.444	500.629	2.411	332.918	2,188.591	369.600	16.000	158.428	2,202.650	1,727.437	365.424	18.917	172.486	75.554	11/2022
6.439	287.292	4.507	191.049	1,663.526	281.600	100.000	296.184	1,492.937	1,224.674	193.566	21.250	125.595	57.252	01/2026
1.831	409.290	1.282	272.178	1,746.074	396.000	16.000	84.225	1,800.782	1,273.753	153.016	25.000	138.933	60.320	09/2028
4.711	292.667	3.298	194.623	1,426.647	396.000	16.000	216.696	1,318.831	965.510	651.762	6.833	108.880	49.137	07/2010
4.977	160.528	3.733	114.376	1,060.739	202.400	100.000	245.273	893.783	721.890	378.976	8.000	78.316	36.450	07/2013
52.000	1,300.000	39.000	926.250	9,140.038	932.800	100.000	2,562.690	7,238.088	7,793.612	3,045.852	16.833	660.740	313.625	06/2015
13.805	464.481	10.354	330.943	3,041.226	492.800	100.000	680.361	2,586.121	2,343.899	377.916	22.417	225.256	104.527	03/2025
3.180	459.764	2.385	327.581	2,154.280	308.000	16.000	156.696	2,167.342	1,755.911	150.051	28.000	169.759	74.369	07/2032
2.425	340.227	1.819	242.411	1,597.580	228.800	16.000	119.526	1,603.840	1,297.632	85.452	30.167	125.786	55.148	06/2035
3.622	464.466	2.716	330.932	2,195.580	413.600	16.000	178.494	2,189.511	1,690.204	369.296	18.833	172.424	75.776	05/2022
2.746	338.167	2.059	240.944	1,603.664	360.800	16.000	135.318	1,594.131	1,171.522	177.818	22.250	125.784	55.342	04/2026
13.950	494.018	9.765	328.522	2,986.824	378.400	100.000	641.677	2,567.204	2,405.740	714.511	15.250	222.057	102.684	02/2019
3.927	145.939	2.749	97.050	873.842	255.200	100.000	180.646	758.384	488.593	104.238	17.667	65.189	30.049	09/2022
2.859	104.488	2.002	69.484	627.729	140.800	100.000	131.525	542.977	365.345	64.503	19.000	46.773	21.584	02/2025
8.921	325.540	6.244	216.484	1,956.263	387.200	100.000	410.320	1,691.694	1,401.798	205.502	22.667	145.752	67.264	06/2026
37.087	40.796	25.961	27.129	1,793.473	774.400	16.000	1,705.913	179.494	942.740	68.906	32.750	91.934	60.333	11/2032
97.168	2,014.093	68.018	1,339.372	13,945.273	827.200	100.000	4,469.456	10,466.390	12,540.126	2,150.641	24.583	990.574	477.947	03/2024
3.226	449.334	2.258	298.807	2,294.250	475.200	16.000	148.403	2,327.214	1,723.830	146.786	29.083	181.368	79.220	01/2032
84.784	1,757.438	59.349	1,168.696	12,168.150	721.600	100.000	3,899.830	9,132.661	10,929.510	4,728.597	14.083	864.342	417.040	09/2014
7.065	432.939	4.946	287.904	2,391.104	457.600	100.000	324.990	2,249.799	1,751.111	406.457	18.417	183.684	82.393	07/2021
8.926	547.762	6.248	364.261	3,024.663	580.800	100.000	410.549	2,846.485	2,239.638	265.629	26.333	232.372	104.225	04/2028
0.654	89.084	0.458	59.241	456.901	123.200	100.000	30.073	462.931	217.924	11.529	31.500	36.103	15.776	10/2037
509.098	15,921.802	363.050	10,816.788	96,595.399	12,405.200	3,080.000	23,914.720	79,762.977	77,899.665	27,246.711		7,082.300	3,210.532
1,010.161	16,008.483	747.008	10,870.127	120,933.724	23,472.482	4,315.000	49,231.941	79,963.729	89,297.758	33,090.641		8,261.949	3,848.481

3 of 5

Baseline Oil & Gas Interests

Matagorda and Stephens Counties, Texas

Proved UnDeveloped Reserves

As of June 1, 2007

Seq #	Lease Name	Field Name	Reservoir	Operator	County	State	Major	Rsv_Cat	Disc. Rate	Net Oil Interest	Net Gas Interest	Working Interest	Gross Wells	Ult. Oil, MB	Ult. Gas, MMCF
1077	ATKINS -A- PUD 27	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1078	ATKINS -A- PUD 29	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1019	ATKINS -A- PUD 30	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1079	ATKINS -A- PUD 31	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1020	ATKINS -A- PUD 32	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1021	ATKINS -A- PUD 33	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1080	ATKINS -A- PUD 34	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	79.03130	79.03130	100.00000	1	76.006	5.965
1081	ATKINS, PUD 34	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965
1082	ATKINS, PUD 35	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965
1083	ATKINS, PUD 36	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.285	5.965
1084	ATKINS, PUD 37	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965
1024	ATKINS, PUD 38	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	84.50000	84.50000	100.00000	1	76.286	5.965
1022	ATKINS-TEXACO PUD 10	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	72.00000	72.00000	100.00000	1	75.553	5.965
1023	ATKINS-TEXACO PUD 11	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	72.00000	72.00000	100.00000	1	75.593	5.965
1015	BLACK CADDO PUD 1	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
1016	BLACK CADDO PUD 2	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
1014	BLACK CADDO PUD 3	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
1013	BLACK CADDO PUD 4	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
1017	BLACK CADDO PUD 5	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
1018	BLACK CADDO PUD 6	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PUD	10	75.63600	75.63600	100.00000	1	59.491	5.147
	Total: ENTITY = STEPHENS												20	1,421.563	114.395
75	BLESSING #1-3 PVUD	POTTHAST	TM-1-3	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	50.689	742.091
95	BLESSING #2-2 A PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001
74	BLESSING #2-4 PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.000
72	BLESSING #3-3 PVUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001
73	BLESSING #3-4 PVUD	POTTHAST	TM-8 U MCD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	57.960	1,838.159
66	BLESSING #3-6 PVUD	POTTHAST	K-2 F-25 F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	198.502	2,639.001
58	EAST BLESSING #3 PVUD	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	75.00000	75.00000	100.00000	1	99.155	1,709.577
57	EAST BLESSING #5 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	75.00000	75.00000	100.00000	1	99.180	1,710.000
77	NEVADA BLESSING #11 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	99.180	1,710.000
64	NEVADA BLESSING #3 PVUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.001
67	NEVADA BLESSING #4 PVUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	52.000	1,300.000
76	NEVADA BLESSING GU #2-A PVUD	PHEASANT, SW	TM-8 K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	67.728	1,772.760
56	SOUTHEAST BLESSING #3 PVUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	99.155	1,709.577
82	SOUTHEAST BLESSING #5 PVUD	PHEASANT, SW	K-2 F-25 F-23	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PUD	10	70.00000	70.00000	100.00000	1	230.209	3,103.423
	Total: ENTITY = DSX												14	1,261.759	23,434.589
	GRAND TOTAL												34	2,683.322	23,548.984

Gross Oil, MB	Gross Gas, MMCF	Net Oil, MB	Net Gas, MMCF	Rev. To Int., M$	Oper. Exp., M$	Total Invest., M$	Rev. Oil, M$	Rev. Gas, M$	Oper. Profit, M$	Disc Net Inc., M$	Life Yrs	Prod. Tax, M$	Ad Valorem, M$	Start Date
76.006	5.965	60.069	4.182	3,785.786	614.804	250.000	3,953.149	15.656	2,821.762	1,239.471	32.167	183.019	99.220	04/2010
76.006	5.965	60.069	4.182	3,785.736	614.804	250.000	3,953.107	15.645	2,821.713	1,229.629	32.250	183.016	99.219	05/2010
76.006	5.965	60.069	4.182	3,797.355	614.804	250.000	3,964.997	15.943	2,833.027	1,521.537	30.083	183.586	99.524	03/2008
76.006	5.965	60.069	4.182	3,785.684	614.804	250.000	3,953.063	15.634	2,821.663	1,219.864	32.333	183.013	99.217	06/2010
76.006	5.965	60.069	4.182	3,788.794	614.804	250.000	3,956.122	15.842	2,824.692	1,365.775	31.167	183.170	99.299	04/2009
76.006	5.965	60.069	4.182	3,792.883	614.804	250.000	3,960.341	15.911	2,828.673	1,447.193	30.583	183.369	99.406	09/2008
76.006	5.965	60.069	4.182	3,785.352	614.804	250.000	3,952.788	15.560	2,821.340	1,162.863	32.833	182.995	99.209	12/2010
76.286	5.965	64.461	4.471	4,064.469	628.772	250.000	4,244.094	16.869	3,079.173	1,439.366	32.167	196.493	106.524	08/2009
76.286	5.965	64.461	4.471	4,064.130	628.772	250.000	4,243.755	16.851	3,078.843	1,427.723	32.250	196.477	106.515	09/2009
76.285	5.965	64.461	4.471	4,063.785	628.772	250.000	4,243.412	16.833	3,078.507	1,416.169	32.333	196.459	106.506	10/2009
76.286	5.965	64.461	4.471	4,063.435	628.772	250.000	4,243.063	16.814	3,078.166	1,404.702	32.417	196.442	106.497	11/2009
76.286	5.965	64.461	4.471	4,080.033	628.772	250.000	4,260.275	17.006	3,094.329	1,714.152	30.417	197.248	106.932	11/2007
75.553	5.965	54.398	3.810	3,441.856	593.852	250.000	3,593.745	14.512	2,507.797	1,383.340	28.833	166.401	90.206	12/2007
75.593	5.965	54.427	3.810	3,439.496	589.971	250.000	3,591.268	14.515	2,509.380	1,327.881	29.333	166.287	90.145	05/2008
59.491	5.147	44.996	2.223	2,838.669	567.802	250.000	2,967.354	8.447	1,946.472	1,013.036	27.250	137.132	74.395	08/2008
59.491	5.147	44.996	2.223	2,835.615	567.802	250.000	2,964.168	8.431	1,943.499	971.168	27.667	136.984	74.315	01/2009
59.491	5.147	44.996	2.223	2,834.511	567.802	250.000	2,963.047	8.393	1,942.423	932.537	28.083	136.930	74.286	06/2009
59.491	5.147	44.996	2.223	2,839.825	567.802	250.000	2,968.560	8.453	1,947.597	1,030.200	27.083	137.188	74.425	06/2008
59.491	5.147	44.996	2.223	2,836.865	567.802	250.000	2,965.472	8.438	1,944.715	987.739	27.500	137.045	74.348	11/2008
59.491	5.147	44.996	2.223	2,836.245	567.802	250.000	2,964.825	8.435	1,944.112	979.425	27.583	137.015	74.331	12/2008
1,421.563	114.395	1,121.592	72.584	70,760.521	12,038.118	5,000.000	73,906.603	274.187	51,867.881	25,213.769		3,420.267	1,854.520
50.689	742.091	35.483	493.490	5,875.830	616.000	2,200.000	2,331.544	3,947.607	2,858.897	1,670.156	8.917	403.322	200.933	07/2010
52.000	1,300.001	36.400	864.500	8,865.588	792.000	2,200.000	2,406.066	7,102.921	5,569.301	3,884.273	8.583	643.398	304.288	07/2008
52.000	1,300.000	36.400	864.500	8,665.506	792.000	2,200.000	2,391.901	6,901.224	5,376.126	3,134.404	10.417	627.619	297.380	05/2010
52.000	1,300.001	36.400	864.500	8,739.455	792.000	2,200.000	2,393.907	6,979.102	5,447.519	3,365.887	9.833	633.552	299.936	10/2009
57.960	1,838.159	40.572	1,222.375	11,692.917	1,232.000	2,216.000	2,672.288	9,884.925	7,843.089	4,571.834	13.250	864.295	401.831	01/2009
198.502	2,639.001	138.951	1,754.935	21,828.584	1,716.000	2,232.000	9,142.581	14,169.259	17,134.608	9,147.451	18.000	1,483.253	745.979	03/2009
99.155	1,709.577	74.367	1,218.073	14,011.041	748.000	2,200.000	4,934.458	10,057.913	10,583.287	8,263.176	7.667	981.329	479.756	01/2008
99.180	1,710.000	74.385	1,218.375	13,984.138	748.000	2,200.000	4,915.527	10,048.352	10,557.294	7,742.961	8.333	979.741	478.844	09/2008
99.180	1,710.000	69.426	1,137.150	12,944.673	748.000	2,200.000	4,572.184	9,278.712	9,553.442	6,555.660	9.000	906.224	443.229	05/2009
52.000	1,300.001	36.400	864.500	8,744.019	792.000	2,200.000	2,394.964	6,982.945	5,451.928	3,424.380	9.667	633.889	300.093	08/2009
52.000	1,300.000	36.400	864.500	8,629.763	792.000	2,200.000	2,391.580	6,862.915	5,341.620	3,013.036	10.750	624.731	296.144	09/2010
67.728	1,772.760	47.410	1,178.886	11,834.365	1,170.400	2,300.000	3,131.826	9,563.894	7,957.702	4,921.095	12.000	861.356	406.263	05/2008
99.155	1,709.577	69.409	1,136.868	13,070.721	748.000	2,200.000	4,601.355	9,384.897	9,675.162	7,414.040	7.833	915.530	447.560	03/2008
230.209	3,103.423	161.146	2,063.777	25,459.688	2,270.400	2,248.000	10,622.542	16,568.417	20,071.178	10,044.063	22.500	1,731.268	870.111	06/2008
1,261.759	23,434.589	893.148	15,746.431	174,346.288	13,956.800	30,996.000	58,902.720	127,733.082	123,421.150	77,152.413		12,289.506	5,972.346
2,683.322	23,548.984	2,014.740	15,819.015	245,106.809	25,994.918	35,996.000	132,809.323	128,007.269	175,289.031	102,366.183		15,709.773	7,826.865

4 of 5

Baseline Oil & Gas Interests

Matagorda and Stephens Counties, Texas

Probable Reserves

As of June 1, 2007

Seq #	Lease Name	Field Name	Reservoir	Operator	County	State	Major	Rsv_Cat	Disc. Rate	Net Oil Interest	Net Gas Interest	Working Interest	Gross Wells	Ult. Oil, MB	Ult. Gas, MMCF
1039	W BLACK CADDO PRB 13 Inj	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.508	0.000
1040	W BLACK CADDO PRB 14 Inj	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.508	0.000
1073	W BLACK CADDO PRB 15 Inj	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.508	0.000
1027	W BLACK CADDO PROB 1	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1036	W BLACK CADDO PROB 10	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1037	W BLACK CADDO PROB 11	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1038	W BLACK CADDO PROB 12	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1028	W BLACK CADDO PROB 2	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1029	W BLACK CADDO PROB 3	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1030	W BLACK CADDO PROB 4	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1031	W BLACK CADDO PROB 5	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1032	W BLACK CADDO PROB 6	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1033	W BLACK CADDO PROB 7	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1034	W BLACK CADDO PROB 8	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1035	W BLACK CADDO PROB 9	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	1	48.503	12.717
1010	W BLACK CADDO UNIT PROB GRP1	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	7	132.150	41.045
1070	W BLACK CADDO UNIT PROB GRP2	STEPHENS COUNTY REGULAR	CADDO	BASELINE OIL & GAS CORP	STEPHENS	TX	OIL	PROB	10	77.72420	77.72420	100.00000	3	60.996	14.026
	Total: ENTITY = STEPHENS												25	920.707	207.677
27	BLESSING #2-2 (BP1)	POTTHAST	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	10.935	1,030.000
134	BLESSING #2-2 (BP2)	POTTHAST	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	4.972	440.000
28	BLESSING #2-2 (BP3)	POTTHAST	F-26	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	2.614	250.000
63	BLESSING #2-3 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	149.886	3,873.284
60	BLESSING #2-5 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	255.103	4,424.083
83	BLESSING #3-5 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	170.938	3,164.437
12	BLESSING UNIT #1 (BP1)	POTTHAST	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	4.709	425.000
11	BLESSING UNIT #1 (BP2)	POTTHAST	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	7.478	465.337
13	BLESSING UNIT #1-2 (BP1)	PHEASANT, EAST	LWR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	8.198	850.000
17	BLESSING UNIT #2 (BP1)	POTTHAST	J	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	5.690	249.373
19	BLESSING UNIT #2 (BP3)	POTTHAST	TM-4	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	2.080	62.000
20	BLESSING UNIT #2 (BP4)	POTTHAST	LWR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	3.823	327.000
22	BLESSING UNIT #2 (BP6)	POTTHAST	F-15	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	0.414	40.600
23	BLESSING UNIT #3 (BP1)	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	31.141	1,465.792
80	BLESSING UNIT #3-2 (BP4)	PHEASANT, EAST	LWR. MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	4.661	538.401
135	EAST BLESSING #3 PBUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	52.000	1,300.000
71	EAST BLESSING #4 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	181.087	3,994.284
130	EAST BLESSING #6 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	160.763	2,522.549
33	EAST BLESSING UNIT #1 (BP3)	POTTHAST	TM-6	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	4.060	132.361
35	EAST BLESSING UNIT #1 (BP5)	POTTHAST	LWR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	6.651	681.000
39	EAST BLESSING UNIT #2 (BP2)	PHEASANT, SW	TM-9	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	9.481	277.000
40	EAST BLESSING UNIT #2 (BP3)	PHEASANT, SW	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	1.433	192.556
41	EAST BLESSING UNIT #2 (BP4)	PHEASANT, SW	F-26	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	2.357	238.600
44	EAST BLESSING UNIT #2 (BP7)	PHEASANT, SW	F-22	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	75.00000	75.00000	100.00000	1	0.949	93.905
136	NEVADA BLESSING #11 PBUD	POTTHAST	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	52.000	1,300.000
47	NEVADA BLESSING GU #1 (BP1)	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	16.513	583.929
52	NEVADA BLESSING GU #1 (BP6)	PHEASANT, SW	TM-3	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	5.159	156.048
54	NEVADA BLESSING GU #1 (BP8)	PHEASANT, SW	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	5.525	555.000
62	NEVADA BLESSING GU #10 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	184.520	3,413.963
93	NEVADA BLESSING GU #2 PBUD	PHEASANT, SW	TM-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	14.532	233.000
68	NEVADA BLESSING GU #5 PBUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	69.457	1,070.000
61	NEVADA BLESSING GU #6 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	106.487	2,232.667
69	NEVADA BLESSING GU #7 PBUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	55.600	1,390.000
59	NEVADA BLESSING GU #8 PBUD	PHEASANT, SW	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	106.100	2,622.312
70	NEVADA BLESSING GU #9 PBUD	PHEASANT, SW	TM-8	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	55.600	1,390.000
55	SOUTHEAST BLESSING #4 PBUD	POTTHAST	K-2	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	98.040	1,720.000
87	SOUTHEAST BLESSING UNIT #2 (BP3)	PHEASANT, SW	TM-3	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	6.746	244.000
88	SOUTHEAST BLESSING UNIT #2 (BP5)	PHEASANT, SW	UPR MCDONALD	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	9.303	822.000
91	SOUTHEAST BLESSING UNIT #2 (BP8)	PHEASANT, SW	F-21	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	1.691	165.000
92	SOUTHEAST BLESSING UNIT #2 (BP9)	PHEASANT, SW	F-20	KEBO OIL & GAS INC.	MATAGORDA	TX	GAS	PROB	10	70.00000	70.00000	100.00000	1	1.520	148.000
	Total: ENTITY = DSX												40	1,870.217	45,083.477
	GRAND TOTAL												65	2,790.923	45,291.154

Gross Oil, MB	Gross Gas, MMCF	Net Oil, MB	Net Gas, MMCF	Rev. To Int., M$	Oper. Exp., M$	Total Invest., M$		Rev. Oil, M$	Rev. Gas, M$	Oper. Profit, M$	Disc Net Inc., M$	Life Yrs	Prod. Tax, M$	Ad Valorem, M$	Start Date
48.508	0.000	37.702	0.000	2,366.891	863.964	275.000		2,481.019	0.000	1,165.902	532.003	20.083	114.127	62.025	05/2010
48.508	0.000	37.702	0.000	2,366.856	863.964	275.000		2,480.981	0.000	1,165.868	527.769	20.167	114.125	62.025	06/2010
48.508	0.000	37.702	0.000	2,367.040	863.964	275.000		2,481.173	0.000	1,166.046	476.101	21.250	114.134	62.029	07/2011
48.503	12.717	37.699	6.207	2,388.190	843.074	250.000		2,480.798	23.252	1,232.515	589.861	20.000	115.861	62.601	09/2010
48.503	12.717	37.699	6.207	2,388.069	843.074	250.000		2,480.725	23.196	1,232.396	580.480	20.167	115.853	62.598	11/2010
48.503	12.717	37.699	6.207	2,389.460	843.074	250.000		2,481.827	23.565	1,233.751	644.673	19.083	115.931	62.635	10/2009
48.503	12.717	37.699	6.207	2,389.187	843.074	275.000		2,481.577	23.526	1,208.485	619.512	19.167	115.917	62.628	11/2009
48.503	12.717	37.699	6.207	2,388.573	843.074	250.000		2,481.032	23.424	1,232.887	623.862	19.417	115.884	62.611	02/2010
48.503	12.717	37.699	6.207	2,387.941	843.074	250.000		2,480.650	23.136	1,232.272	571.243	20.333	115.845	62.595	01/2011
48.503	12.717	37.699	6.207	2,390.991	843.074	250.000		2,483.231	23.772	1,235.243	677.319	18.583	116.012	62.675	04/2009
48.503	12.717	37.699	6.207	2,390.749	843.074	250.000		2,483.008	23.740	1,235.007	671.779	18.667	115.999	62.669	05/2009
48.503	12.717	37.699	6.207	2,388.522	843.074	250.000		2,481.001	23.402	1,232.838	618.890	19.500	115.881	62.610	03/2010
48.503	12.717	37.699	6.207	2,390.502	843.074	250.000		2,482.780	23.707	1,234.766	666.279	18.750	115.986	62.662	06/2009
48.503	12.717	37.699	6.207	2,387.961	843.074	250.000		2,480.694	23.112	1,232.292	562.254	20.500	115.845	62.595	03/2011
48.503	12.717	37.699	6.207	2,389.992	843.074	250.000		2,482.313	23.638	1,234.269	655.398	18.917	115.959	62.649	08/2009
132.150	41.045	102.713	20.034	6,523.425	1,855.160	350.000		6,764.294	75.989	4,147.259	2,135.917	21.667	316.857	171.007	01/2009
60.996	14.026	47.408	6.846	3,002.007	924.533	225.000		3,121.513	26.036	1,773.785	865.995	25.250	145.542	78.689	05/2009
920.707	207.677	715.612	101.369	45,296.353	15,488.473	4,425.000		47,108.615	383.496	24,195.578	12,019.335		2,195.758	1,187.303
10.935	1,030.000	7.655	684.950	4,671.735	598.400	100.000		502.994	4,531.762	3,812.223	835.530	20.333	363.020	161.112	02/2022
4.972	440.000	3.480	292.600	2,008.883	369.600	20.000		228.697	1,935.898	1,550.016	206.009	23.833	155.712	69.267	10/2027
2.614	250.000	1.830	166.250	1,132.167	360.800	16.000		120.252	1,099.942	716.321	67.712	27.250	88.027	39.046	04/2031
149.886	3,873.284	104.920	2,575.734	25,161.672	2,508.000	2,564.000		6,893.663	20,092.020	19,226.132	6,584.188	28.000	1,824.010	863.542	09/2011
255.103	4,424.083	178.572	2,942.015	32,503.264	1,795.200	2,632.000		11,731.518	23,039.350	26,963.398	13,558.247	20.917	2,267.601	1,112.668	05/2011
170.938	3,164.437	119.657	2,104.350	22,661.162	1,584.000	2,632.000		7,862.629	16,389.424	17,669.096	7,978.445	19.917	1,590.888	776.066	05/2012
4.709	425.000	3.296	282.625	1,936.276	211.200	16.000		216.580	1,869.902	1,642.309	433.675	15.250	150.205	66.767	09/2020
7.478	465.337	5.234	309.449	2,221.944	343.200	16.000		343.945	2,047.374	1,786.222	385.981	18.500	169.375	76.522	09/2022
8.198	850.000	5.739	565.250	3,819.065	695.200	16.000		377.093	3,739.804	2,976.125	779.452	19.083	297.832	131.741	12/2019
5.690	249.373	3.983	165.833	1,448.379	281.600	100.000		261.721	1,295.889	1,016.935	501.978	9.250	109.231	49.844	01/2014
2.080	62.000	1.456	41.230	388.324	52.800	100.000		95.695	321.114	222.186	66.450	13.000	28.486	13.338	12/2019
3.823	327.000	2.676	217.455	1,498.575	255.200	16.000		175.844	1,438.724	1,175.709	322.673	15.417	115.993	51.666	06/2020
0.414	40.600	0.290	26.999	183.401	52.800	16.000		19.044	178.631	108.276	17.431	19.417	14.273	6.326	05/2026
31.141	1,465.792	21.799	974.751	8,412.332	660.000	16.000		1,432.408	7,617.098	7,446.749	2,015.797	18.583	637.173	289.584	10/2019
4.661	538.401	3.263	358.037	2,395.716	440.000	16.000		214.402	2,368.839	1,857.052	720.939	12.667	187.525	82.664	12/2015
52.000	1,300.000	39.000	926.250	9,140.037	915.200	20.000		2,562.690	7,238.087	7,891.212	3,197.657	16.333	660.740	313.625	02/2015
181.087	3,994.284	135.815	2,845.927	29,159.108	1,830.400	2,264.000		8,921.531	22,322.128	24,064.908	11,818.170	21.000	2,084.550	999.797	02/2011
160.763	2,522.549	120.572	1,797.316	20,506.600	730.400	2,216.000		7,922.780	13,998.132	16,858.736	8,706.167	12.000	1,414.308	701.469	07/2012
4.060	132.361	3.045	94.307	870.277	96.800	100.000		200.072	734.495	643.571	123.503	17.750	64.290	29.906	04/2024
6.651	681.000	4.988	485.213	3,282.176	281.600	16.000		327.762	3,210.260	2,871.359	309.446	25.083	255.847	113.217	11/2029
9.481	277.000	7.111	197.362	1,867.620	308.000	100.000		467.270	1,537.129	1,395.479	636.032	10.250	136.779	64.141	10/2014
1.433	192.556	1.075	137.196	907.026	228.800	16.000	��	70.638	907.716	630.919	223.664	12.417	71.328	31.307	09/2017
2.357	238.600	1.767	170.003	1,151.205	264.000	16.000		116.136	1,124.769	831.496	236.741	14.917	89.700	39.709	11/2019
0.949	93.905	0.712	66.907	454.075	264.000	16.000		46.756	442.669	158.413	17.541	24.750	35.351	15.662	09/2029
52.000	1,300.000	36.400	864.500	8,530.699	915.200	20.000		2,391.844	6,755.547	7,302.785	2,602.648	17.667	616.691	292.717	06/2016
16.513	583.929	11.559	388.313	3,531.448	404.800	100.000		759.539	3,034.430	2,905.242	1,236.195	11.667	262.521	121.407	04/2015
5.159	156.048	3.612	103.772	974.001	290.400	100.000		237.319	808.214	550.144	57.758	25.417	71.533	33.457	02/2030
5.525	555.000	3.868	369.075	2,501.178	299.200	16.000		254.137	2,441.871	2,099.705	85.419	35.583	194.831	86.272	03/2040
184.520	3,413.963	129.164	2,270.285	24,460.148	1,944.800	2,516.000		8,487.219	17,690.098	19,161.674	7,249.909	22.917	1,717.169	837.674	12/2011
14.532	233.000	10.172	154.945	1,757.678	211.200	100.000		668.434	1,210.803	1,386.343	715.782	8.250	121.558	60.136	09/2013
69.457	1,070.000	48.620	711.550	8,174.035	554.400	2,200.000		3,194.830	5,541.803	5,140.063	2,372.209	11.167	562.597	279.572	05/2013
106.487	2,232.667	74.541	1,484.723	15,369.065	1,284.800	2,416.000		4,898.098	11,563.545	11,141.491	4,826.873	16.833	1,092.579	526.773	02/2012
55.600	1,390.000	38.920	924.350	9,099.017	853.600	2,200.000		2,557.434	7,199.162	5,733.205	2,681.358	13.167	657.579	312.211	07/2012
106.100	2,622.312	74.270	1,743.837	17,218.804	1,689.600	2,432.000		4,880.295	13,581.620	12,506.419	4,640.358	21.500	1,243.115	590.781	12/2012
55.600	1,390.000	38.920	924.350	9,153.615	853.600	2,200.000		2,556.837	7,258.805	5,785.916	3,104.658	11.750	662.025	314.101	02/2011
98.040	1,720.000	68.628	1,143.800	12,591.397	756.800	2,200.000		4,508.779	8,962.186	9,203.528	5,108.521	11.250	879.568	431.071	07/2011
6.746	244.000	4.722	162.260	1,468.869	255.200	100.000		310.274	1,267.965	1,063.165	169.569	20.833	109.370	50.504	11/2025
9.303	822.000	6.512	546.630	4,359.453	422.400	100.000		427.921	4,271.586	3,686.669	269.010	30.333	340.053	150.384	10/2033
1.691	165.000	1.184	109.725	867.326	176.000	100.000		77.776	857.435	561.399	24.363	33.917	67.885	29.927	09/2039
1.520	148.000	1.064	98.420	778.110	158.400	100.000		69.915	769.093	492.862	18.348	35.417	60.898	26.848	05/2041
1,870.217	45,083.477	1,330.091	30,428.545	298,615.862	26,197.600	29,940.000		87,392.771	232,695.316	232,235.449	94,906.404		21,472.215	10,242.819
2,790.923	45,291.154	2,045.702	30,529.913	343,912.215	41,686.073	34,365.000		134,501.386	233,078.812	256,431.027	106,925.739		23,667.973	11,430.122

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