"Oil & Gas"

… Corporate Overview

… Financial Overview

… Growth

...Production Map

...Prospects

…..Corporate Management Advantage

...Management

… Organizational Chart

...Ownership of Shares

…1998 Accomplishments

…1999 Accomplishments

…2000 Goals

...Business Strategy

...Business Strategy

...Business Strategy

...Business Strategy

…..Consolidated Income Statements
($ millions)

…..Consolidated Balance Sheets
($ millions)

... Maintain Low Cost Structure

Slide 21

…Gas Contribution

...Cumulative Reserve Growth
(net of production)

 ….Present Value of Reserves
(PV 10%)

…. Reserves

"PDP:"

…..Proved Reserves Net to Texoil PV 10% Flat ($Millions) 12/31/99

...Acquisition Summary
($ millions)

...Exploration, Exploitation and Development Prospects

Prospect Inventory

"Experienced,"

"This presentation contains “forward..."