Panhandle Oil and Gas Balance Sheet

Quarterly: March 2012 - December 2009 Previous Quarters
Annual

Assets	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Cash & Short Term Investments	1.120M	1.936M	3.507M	5.623M	5.888M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Receivables	7.430M	8.840M	9.389M	9.573M	9.235M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Inventory						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Prepaid Expenses						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Assets	0.5055M	0.5233M	0.3647M	0.3706M	0.2148M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Assets	9.082M	11.37M	13.26M	15.57M	15.34M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Gross Property, Plant & Equipment	271.01M	265.22M	242.28M	234.01M	226.32M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accumulated Depreciation	155.31M	150.44M	146.15M	142.59M	138.87M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Net Property, Plant & Equipment	115.70M	114.78M	96.14M	91.41M	87.45M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Long Term Investments	0.823M	0.707M	0.6675M	0.6253M	0.6419M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Goodwill & Intangibles						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Assets	1.031M	1.151M	1.360M	1.215M	1.079M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Assets	117.55M	116.64M	98.16M	93.25M	89.17M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Assets	126.63M	128.01M	111.42M	108.82M	104.51M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Liabilities	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Current Portion of Long Term Debt				0.9626M		Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accounts Payable	3.40M	3.249M	4.900M	5.559M	4.027M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Accrued Expenses	1.025M	1.450M	1.040M			Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Deferred Revenues						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Current Liabilities		0.3201M			0.7146M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Current Liabilities	4.709M	5.284M	5.947M	6.540M	4.909M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Debt	13.81M	14.52M				Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	2012-03	2011-12	2011-09	2011-06	2011-03	2010-12	2010-09	2010-06	2010-03	2009-12
Deferred Income Tax	25.17M	25.09M	24.78M	24.24M	23.21M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Minority Interest						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Long Term Liabilities	1.934M	1.887M	1.897M	1.772M	1.744M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Long Term Liabilities	40.91M	41.50M	26.67M	26.01M	24.95M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities	45.62M	46.78M	32.62M	32.55M	29.86M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Shares Outstanding	8.24M	8.256M	8.256M	8.245M	8.265M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Preferred Stock						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Common Stock, Net	0.1405M	0.1405M	0.1405M	0.1405M	0.1405M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Additional Paid-in Capital	1.844M	1.982M	1.924M	1.922M	1.875M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Retained Earnings	82.70M	82.02M	79.77M	77.71M	75.64M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Treasury Stock	6.148M	5.700M	5.700M	6.048M	5.462M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Other Shareholder's Equity						Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Shareholder's Equity	81.01M	81.23M	78.80M	76.27M	74.65M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro
Total Liabilities & Shareholder's Equity	126.63M	128.01M	111.42M	108.82M	104.51M	Go Pro	Go Pro	Go Pro	Go Pro	Go Pro