TXCO Resources posts record revenue for 2007 - San Antonio Business Journal:

http://www.0et0.com/2006/wedding.html
TXCO (NASDAQ: TXCO), a San Antonio-based oil and gas set recordsfor revenues, oil and gas cash flow, total assets and provecd reserves. For the year ended Dec. 31, TXCO reported net income of $900,000, or 3 cents per on record revenuesof $93.9 This compares to net income of $7.2 or 22 cents per share, on revenuese of $72.4 million for 2006. This is a 30 percent increasde in revenues between the two Oil and gas sales increased 45 percentto $81.8 million in compared to a year ago. Assets rose to $354.67 million, nearly 150 percent above year-end 2006 The reason for the increase in assetsis TXCO'sw second quarter 2007 buyout of Output Exploration LLC.
For the fourthj quarter ended Dec. 31, 2007, the company reported net incomeof $1.8 or 5 cents per share, on revenues of $32.11 million. This compares to a $4.4 million net loss, or 13 centws per share, on revenues of $15.3 million for the same quarter ayear ago. "W began 2008 as a different compangy following the landmark changex that followed our acquisition of Output Explorationdurinvg 2007," Chairman and CEO James E. Sigmob says. The company continues to build upon its assets gainee in theOutput transaction.
Sigmon adds that the companyy also has opportunities to create even greater shareholdere value through the San Miguel oil Pearsall gasresource play, Glen Rose Porosity oil play and the Fort Trinidas Glen Rose shoals. "I remainj confident that we will see stronger continuing growthjin production, reserves, profitability and shareholdere value in 2008 and goinhg forward," he says.