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DATE:   6/27/2004        Comptroller Of Public Accounts             PAGE:      1
TIME: 20:16                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    169  Montague
                                169-901  Bowie

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

PSU169 30350                     196,620               201,964            .9735
TXG09 141662                      44,440                24,279           1.8303
TXG09 190401                   2,653,650             2,058,489           1.2891
TXO09 015231                     321,590               331,082            .9713
TXO09 017219                      45,440                45,738            .9934
TXO09 027054                     854,460               657,578           1.2994
TXO09 029213                     288,010               286,069           1.0067
TXO09 029783                     964,360               944,423           1.0211
TXO09 029935                     524,350               517,671           1.0129
TXO09 030033                     248,350               242,391           1.0245
TXO09 030044                     203,700               141,868           1.4358
TXO09 168447                      80,420                75,436           1.0660



                     Total Self-Reported Mineral Value:          22,136,140

                     Divided by ISD Mineral Ratio:                   1.1625**

                     Estimated PTD Mineral Value:                19,041,841


          ** See Stratified Ratio Detail report for more data