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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      4
TIME: 19:53                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    147  Limestone
                                147-903  Mexia

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

PSU147 F4515                   1,104,600             1,217,883            .9069
PSU147 J6900                     162,870               161,728           1.0070
PSU147 M5000                   2,135,250             2,214,266            .9643
PSU147 N5000                   1,002,025             1,059,822            .9454
TXG05 079645                     226,200               224,143           1.0091
TXG05 106882                     323,780               324,015            .9992
TXG05 110288                      81,400                84,165            .9671
TXG05 164945                     434,860               424,763           1.0237
TXG05 177793                     800,490               804,739            .9947
TXG05 182155                     853,580               860,593            .9918
TXG05 191278                     942,420               946,006            .9962
TXO05 002669                     292,530               285,554           1.0244



                     Total Self-Reported Mineral Value:          16,684,328

                     Divided by ISD Mineral Ratio:                    .9712**

                     Estimated PTD Mineral Value:                17,179,086


          ** See Stratified Ratio Detail report for more data