Financial Highlights 1999/2000
	Texoil,Inc.
	Quarterly Income Statements
	For 2000
	(In thousands, except per share data)
		1st Qtr 00	2nd Qtr 00
	REVENUES
	Oil & Gas Sales	$      10,614	$      11,334
	Operator & Management Fees	348	321
	Interest and Other	55	52
	Total Revenues	$      11,017	$      11,707
	COSTS & EXPENSES
	Operating Expenses	$        2,711	$        2,676
	Workover	-	103
	Production Taxes	1,098	1,094
	General & Administrative	547	583
	DD & A	1,795	1,646
	Write-Down / Impairment	-	-
	Interest	382	327
	Other	-	-
	Total Expense	$        6,533	$        6,429
	Operating Income (Loss)	4,484	5,278
	Income Taxes	(1,502)	(1,768)
	Net Income (Loss)	$        2,982	$        3,510
	Preferred Stock Dividend	(571)	(684)
	Net Income (loss) avaliable to Common	$        2,411	$        2,826
	EPS	$           0.36	$           0.53
	Outstanding Shares	6,621	6,655
	Diluted weighted average shares	12,667	13,190
	Diluted net income per share	$           0.24	$           0.27
	EBITDA	$        6,661	$        7,251
	Production Information
	Gas Production (MMcf)	1,340	1,325
	Oil Production (MBbls)	301	296
	Average price gas (per Mcf)	$           2.57	$           3.40
	Average price oil (per Bbl)	$        23.78	$        23.06
	Texoil,Inc.
	Condensed Balance Sheet Data
	For 2000
	(In thousands, except per share data)
		1st Qtr 00	2nd Qtr 00
	Assets
	Current Assets	$      11,083	$      10,015
	Net Property, Plant & Equipment	57,802	61,985
	Other Assets, net	232	175
	Deferred Tax Asset	-	-
	Total Assets	$      69,117	$      72,175
	Liabilities & Shareholder Equity
	Current Liabilities	$        7,977	$        8,224
	Long-Term Debt	21,000	19,000
	Deferred Tax Liability	2,304	3,696
	Convertible Subordinated Notes	-	-
	Shareholders equity	37,836	41,255
	Total Liabilities & Equity	$      69,117	$      72,175