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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 16:48                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    001  Anderson
                                001-902  Cayuga

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   PTD Lease Number        Appraised               Market
    or Mineral Type          Value                 Value              Ratio
--------------------------------------------------------------------------------
Oil & Gas Sample Leases:

TXG06 015909                     604,515               600,196           1.0071
TXG06 037355                     290,551               290,946            .9986
TXG06 081999                   1,175,975             1,199,259            .9805
TXG06 164308                     427,940               364,756           1.1732
TXG06 165792                     138,478                74,066           1.8696
TXG06 167566                     573,385               596,722            .9608
TXG06 172404                     172,841               147,443           1.1722
TXG06 173780                     386,502               407,943            .9474
TXG06 177997                   2,860,434             2,903,223            .9852
TXG06 178469                   2,056,310             2,094,172            .9819
TXG06 181099                     389,820               398,412            .9784
TXG06 186662                     817,566               631,312           1.2950
TXG06 186858                     326,736               387,018            .8442
TXG06 190216                     685,199               679,197           1.0088
TXG06 191432                   2,284,962             1,759,024           1.2989
TXG06 191529                     618,418               621,952            .9943
TXG06 192262                   1,495,674             1,449,936           1.0315
TXO06 000164                     585,077               707,993            .8263



                     Total Self-Reported Mineral Value:          37,212,210

                     Divided by ISD Mineral Ratio:                   1.0377**

                     Estimated PTD Mineral Value:                35,860,278


          ** See Stratified Ratio Detail report for more data