South Texas Oil Company

(NASDAQ:STXX)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008 Dec 31, 2007
Assets
Current Assets
Cash & Equivalents 9,719 4,878 2,226 2,186
Restricted Cash — — — —
Marketable Securities — — — —
Accounts Receivable 1,488 1,541 2,822 4,226
Loans Receivable — — — —
Other Receivable — — — —
Receivables 1,488 1,541 2,822 4,226
Raw Materials — — — —
Work in Progress — — — —
Purchased Components — — — —
Finished Goods — — — —
Other Inventories — — — —
Inventories Adjustments and Allowances — — — —
Inventories — — — —
Prepaid Expenses 552 121 9 4
Current Deferred Income Taxes — — — —
Other Current Assets — — — —
Total Current Assets 11,759 6,539 5,058 6,417
Land and Improvements 61,101 59,061 56,573 54,141
Building and Improvements — — — —
Machinery Furniture and Equipment 3,416 3,375 3,311 3,311
Construction in Progress — — — —
Other Fixed Assets 170 168 125 119
Total Fixed Assets 64,687 62,604 60,008 57,571
Gross Fixed Assets 64,687 62,604 60,008 57,571
Accumulated Depreciation and Depletion 9,011 8,452 6,930 5,858
Net Fixed Assets 55,676 54,151 53,078 51,713
Intangibles — — — —
Cost in Excess — — — —
Non Current Deferred Income Taxes — — — —
Other Non Current Assets 4,272 4,027 4,662 5,298
Total Non Current Assets 59,949 58,178 57,741 57,012
Total Assets 71,708 64,717 62,798 63,428
Liabilities
Current Liabilities
Accounts Payable 6,718 4,108 2,138 1,564
Notes Payable 8,045 1,266 1,404 1,404
Short Term Debt 9 — 9 17
Accrued Expenses — — — —
Accrued Liabilities 1,725 — 2,319 3,470
Deferred Revenues — — — —
Current Deferred Income Tax Liabilities — — — —
Other Current Liabilities — 3,855 2,100 —
Total Current Liabilities 16,497 9,229 7,970 6,455
Non Current Liabilities
Long Term Debt 35,330 34,150 26,553 24,987
Capital Lease Obligations — — — —
Deferred Income Tax Liabilities — — — —
Other Non Current Liabilities 851 839 839 802
Minority Interest Liabilities — — — —
Preferred Securities of Subsidiary Trust Liabilities — — — —
Preferred Equity Outside Stock Equity — — — —
Total Non Current Liabilities 52,678 44,218 35,362 32,244
Total Liabilities 36,181 34,989 27,392 25,789
Shareholders' Equity
Preferred Stock Equity — — — —
Common Stock Equity 19,030 20,499 27,437 31,184
Common Par 18 17 16 16
Additional Paid in Capital 42,774 40,295 40,151 39,922
Cumulative Translation Adjustment — — — —
Retained Earnings -22,860 -18,911 -12,116 -8,754
Treasury Stock -902 -902 — —
Other Equity Adjustments — — -615 —
Total Capitalization 54,360 54,649 53,990 56,171
Cash Flow -5,091 -5,355 -475 676
Working Capital -4,738 -2,690 -2,912 -38
Free Cash Flow -8,161 -5,313 -1,411 -20,640
Invested Capital 54,360 54,649 53,990 56,171
Total Equity 19,030 20,499 27,437 31,184
Total Liabilities and Stock Equity 71,708 64,717 62,798 63,428