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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      6
TIME: 17:31                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    037  Cherokee
                                212-904  Troup

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

TXG06 068306                   2,092,960             2,138,687            .9786
TXG06 068427                     520,390               521,744            .9974
TXG06 077354                   2,345,780             2,354,330            .9963
TXG06 084391                     177,320               173,528           1.0218
TXG06 185771                   1,061,550             1,039,024           1.0216
TXG06 186367                   1,323,281             1,329,375            .9954
TXG06 187870                     721,170               708,318           1.0181
TXG06 188091                     384,840               382,512           1.0060
TXG06 190474                     643,720               646,489            .9957
TXG06 190513                   1,556,431             1,555,120           1.0008
TXG06 192786                     244,820               234,414           1.0443
TXG06 193115                   1,595,710             1,593,986           1.0010



                     Total Self-Reported Mineral Value:          37,527,155

                     Divided by ISD Mineral Ratio:                    .9992**

                     Estimated PTD Mineral Value:                37,557,201


          ** See Stratified Ratio Detail report for more data