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DATE:   1/22/2004        Comptroller Of Public Accounts             PAGE:      7
TIME: 17:20                  Property Tax Division                   RPT: MIN704
                           2003 Property Value Study
                          Minerals Category Worksheet
                                    249  Wise
                                249-908  Slidell

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

TXG09 056348                      30,050                30,483            .9857
TXG09 157903                      20,650                20,444           1.0100
TXG09 174807                      79,390                72,487           1.0952
TXG09 185578                     705,750               492,047           1.4343
TXG09 186152                     949,740               333,333           2.8492
TXG09 187366                     341,430               349,123            .9779
TXG09 187404                     490,770               318,363           1.5415
TXG09 189624                   1,541,780               687,552           2.2424
TXG09 190367                     926,150               819,454           1.1302
TXG09 191947                   1,174,660             1,159,000           1.0135
TXG09 192890                   1,921,220             1,932,221            .9943
TXO09 030086                     540,950               548,777            .9857



                     Total Self-Reported Mineral Value:          15,754,100

                     Divided by ISD Mineral Ratio:                   1.2897**

                     Estimated PTD Mineral Value:                12,215,321


          ** See Stratified Ratio Detail report for more data