Proved Reserves at YE 2006: 68 Bcfe Proved Reserves at YE 2005: 66 Bcfe Daily Net Production in 2006: 22 Mmcfe Daily Net Production in 2005: 29 Mmcfe 2007 Cap Ex - Budget: $38.5 million 2006 Cap Ex - Actual: $35 million Percent Gas: 84% Click map for details Our Gulf Coast properties are located in Texas, Louisiana, Mississippi, and Alabama. Over the past several years we have shifted our focus away from offshore to onshore Gulf Coast properties that provide greater operating control, generally lower costs and higher repeatability. As of March 31, 2007 the division sold all of its offshore production and is now focused entirely on onshore projects.   2004 2005 2006 Capital Spending $24 million $32 million $35 million Wells Drilled 15 gross (4.9 net) 8 gross (2.9 net) 11 gross (5.9 net) Wells Producing 148 gross (44.0 net) 139 gross (58.5 net) 141 gross (33.0 net) Average Daily Gas Production 34.7 Mmcf 24.8 Mmcf 18.8 Mmcf Average Daily Oil & Liquids Production 700 barrels 663 barrels 582 barrels