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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      6
TIME: 15:48                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    158  Matagorda
                                241-901  Boling

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

TXG03 175341                   1,357,580             1,414,289            .9599
TXG03 177936                     474,000               443,419           1.0689



                     Total Self-Reported Mineral Value:           1,831,283

                     Divided by ISD Mineral Ratio:                    .9859**

                     Estimated PTD Mineral Value:                 1,857,473


          ** See Stratified Ratio Detail report for more data