Exhibit 99.2

OUTPUT EXPLORATION, LLC

AND SUBSIDIARY

CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2007 AND 2006

(Unaudited)

OUTPUT EXPLORATION, LLC

CONSOLIDATED BALANCE SHEETS (UNAUDITED)

			March 31,			March 31,
			2007			2006
ASSETS
CURRENT ASSETS
	Cash and cash equivalents		$	3,180,382		$	1,801,862
	Accounts receivable			5,829,522			7,625,978
	Prepaid expenses			297,713			1,011,880
		TOTAL CURRENT ASSETS		9,307,617			10,439,720
PROPERTY, PLANT AND EQUIPMENT, NET
	Oil and gas properties, full cost method			146,478,716			138,431,859
	Furniture, fixtures and equipment			1,717,035			1,715,855
				148,195,751			140,147,714
	Less: accumulated depreciation, depletion and amortization			(49,481,846	)		(37,866,476	)
		NET PROPERTY AND EQUIPMENT		98,713,905			102,281,238
DEBT ISSUE COSTS, net of accumulated amortization				127,657			672,859
OTHER ASSETS				371,227			432,688
TOTAL ASSETS			$	108,520,406		$	113,826,505
LIABILITIES AND PARTNERS’ CAPITAL
CURRENT LIABILITIES
	Accounts payable and accrued liabilities		$	4,688,419		$	10,714,989
	Current portion of commodity financial instruments			4,514,765			9,374,109
	Current portion of asset retirement obligations			424,293			628,834
		TOTAL CURRENT LIABILITIES		9,627,477			20,717,932
DEFERRED TAX LIABILITY, net				15,139,844			12,395,135
LONG-TERM LIABILITIES
	Long-term debt, net of current portion			60,494,330			53,448,891
	Long-term portion of commodity financial instruments			-			5,814,244
	Asset retirement obligations, net of current portion			761,561			487,949
		TOTAL LONG TERM LIABILITIES		61,255,891			59,751,084
TOTAL LIABILITIES				86,023,212			92,864,151
COMMITMENTS AND CONTINGENCIES				-			-
MEMBERS’ EQUITY				22,497,194			20,962,354
TOTAL LIABILITIES AND MEMBERS’ EQUITY			$	108,520,406		$	113,826,505

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OUTPUT EXPLORATION, LLC

CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

			Year To Date			Year To Date
			March 31, 2007			March 31, 2006
REVENUES
	Oil and gas revenues		$	6,560,836		$	7,387,531
	Other			92,259			157,431
		TOTAL REVENUES		6,653,095			7,544,962
EXPENSES
	Operating costs and severance taxes			1,988,190			2,448,435
	Depreciation, depletion and amortization			3,095,763			2,611,263
	General and administrative			1,488,259			1,166,750
		TOTAL EXPENSES		6,572,212			6,226,448
INCOME FROM OPERATIONS				80,883			1,318,514
OTHER INCOME (EXPENSE)
	Interest expense			(1,408,657	)		(1,274,752	)
	Interest income			38,941			28,090
	Other income (loss)			(409	)		-
		TOTAL OTHER EXPENSE		(1,370,125	)		(1,246,662	)
INCOME (LOSS) BEFORE INCOME TAXES				(1,289,243	)		71,852
INCOME TAX BENEFIT (EXPENSE)				-			(472,012	)
NET INCOME (LOSS)			$	(1,289,243	)	$	(400,160	)

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OUTPUT EXPLORATION, LLC

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (UNAUDITED)

YEAR TO DATE -- MARCH 31, 2007

			Accumulated
			Other			Total
			Comprehensive			Members’
			Income			Equity
Balance at January 1, 2007			$	(3,806,310	)	$	23,554,829
Contributions							9,576
Comprehensive income (loss):
	Net loss						(1,289,243	)
	Commodity financial instruments			222,032			222,032
		Total comprehensive income		222,032			(1,067,211	)
Balance at March 31, 2007			$	(3,584,278	)	$	22,497,194

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OUTPUT EXPLORATION, LLC

CONSOLIDATED STATEMENTS OF CHANGES IN MEMBERS’ EQUITY (UNAUDITED)

YEAR TO DATE -- MARCH 31, 2006

			Accumulated
			Other			Total
			Comprehensive			Members’
			Income			Equity
Balance at January 1, 2006			$	(17,478,531	)	$	14,976,579
Contributions							68,755
Comprehensive income (loss):
	Net loss						(400,160	)
	Commodity financial instruments			6,317,180			6,317,180
		Total comprehensive income		6,317,180			5,917,020
Balance at March 31, 2006			$	(11,161,351	)	$	20,962,354

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OUTPUT EXPLORATION, LLC

CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

			Year To Date			Year To Date
			March 31, 2007			March 31, 2006
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss			$	(1,289,242	)	$	(400,160	)
Adjustments to reconcile net loss to net cash
provided by operating activities:
	Depreciation, depletion and amortization			3,095,763			2,611,263
	Amortization of debt issuance cost			159,699			147,881
	Compounding interest expense			374,851			-
Change in operating assets and liabilities:
	Accounts receivable			1,229,047			1,452,591
	Prepaid expenses			(62,078	)		(162,991	)
	Accounts payable and accrued liabilities			(994,759	)		659,168
	Commodity financial instruments			-			62,688
	Deferred income taxes			-			472,012
	Other assets			(97,088	)		(117,984	)
		NET CASH PROVIDED BY OPERATING ACTIVITIES		2,416,193			4,724,468
CASH FLOWS FROM INVESTING ACTIVITIES
	Capital expenditures - oil and gas properties			(1,926,716	)		(8,186,060	)
	Sale of oil and gas properties			-			1,756,433
	Capital expenditures - computer equipment & furniture			-			(9,217	)
		NET CASH USED IN INVESTING ACTIVITIES		(1,926,716	)		(6,438,844	)
CASH FLOWS FROM FINANCING ACTIVITIES
	Proceeds from long-term debt			500,000			339,595
	Contributions from members			9,562			68,769
	Payments for debt issue costs			(101,039	)		(6,024	)
		NET CASH PROVIDED BY FINANCING ACTIVITIES		408,523			402,340
NET INCREASE IN CASH AND
CASH EQUIVALENTS				898,000			(1,312,036	)
CASH AND CASH EQUIVALENTS, beginning of period				2,282,382			3,113,898
CASH AND CASH EQUIVALENTS, end of period			$	3,180,382		$	1,801,862

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