South Texas Oil Company

(NASDAQ:STXX)

	Sep 30, 2008	Jun 30, 2008	Mar 31, 2008	Dec 31, 2007
Operating revenue
Total Revenue	2,153	3,847	1,878	2,306
Operating Revenue	2,153	3,847	1,878	2,306
Adjustments To Revenue	93	119	85	239
Cost Of Sales	-1,762	1,428	-264	-2,101
Cost Of Sales With Depreciation	1,094	1,015	708	294
Gross Operating Profit	3,822	2,300	2,057	4,167
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	2,526	1,844	1,244	1,291
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	1,296	456	813	2,877
Operating Income	-2,132	-685	-1,244	-3,759
Depreciation	4,065	1,142	2,057	6,526
Depreciation Unreconciled	573	1,555	1,084	4,131
Amortization	636	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	-2,768	-685	-1,244	-3,649
Non Operating Expenses
Interest Expense	1,107	1,172	1,073	1,129
Pre Tax Income	-3,949	-6,795	-3,362	-4,774
Income Taxes	—	—	—	—
Minority Interest	—	—	—	—
Income Before Income Taxes	-3,949	-6,110	-3,362	-4,774
Net Income From Continuing Operations	-3,949	-6,795	-3,362	-4,774
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	-3,949	-6,795	-3,362	-4,774
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	-3,949	-6,795	-3,362	-4,774
Normalized Income	-3,836	-6,795	-3,362	-4,774
NetIncome Available For Common	-3,949	-6,795	-3,362	-4,774
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—

	Dec 31, 2007	Dec 31, 2006	Dec 31, 2005	Dec 31, 2004
Operating revenue
Total Revenue	5,693	640	292	196
Operating Revenue	5,693	553	279	196
Adjustments To Revenue	275	33	16	24
Cost Of Sales	-193	336	132	155
Cost Of Sales With Depreciation	2,202	336	132	155
Gross Operating Profit	5,610	184	130	18
Operating Expenses
Research And Development Expenses	—	—	—	—
Selling General And Administrative Expenses	2,092	444	394	41
Advertising Expenses	—	—	—	—
Operating Income Before Depreciation	3,518	-260	-263	-23
Operating Income	-3,759	—	—	—
Depreciation	7,277	401	111	99
Depreciation Unreconciled	4,882	401	111	99
Amortization	—	—	—	—
Amortization Of Intangibles	—	—	—	—
Operating Income After Depreciation	-3,759	-661	-375	-122
Non Operating Expenses
Interest Expense	2,870	159	550	20
Pre Tax Income	-6,601	-733	-911	-183
Income Taxes	—	—	—	—
Minority Interest	—	—	—	—
Income Before Income Taxes	-6,601	-733	-911	-183
Net Income From Continuing Operations	-6,601	-733	-911	-183
Net Income From Discontinued Operations	—	—	—	—
Net Income From Total Operations	-6,601	-733	-911	-183
Non Recurring Events
Extraordinary Income Losses	—	—	—	—
Income From Cummulated Effect Of Accounting Changes	—	—	—	—
Income From Tax Loss Carryforward	—	—	—	—
Other Gains And Losses	—	—	—	—
Total Net Income	-6,601	-733	-911	-183
Normalized Income	-6,601	-746	-911	-141
NetIncome Available For Common	-6,601	-733	-911	-183
Preferred Dividends	—	—	—	—
Excise Taxes	—	—	—	—