TGC Industries, Inc. Balance Sheet

Balance Sheet FYE: 31-Dec

Assets	9/30/2008	6/30/2008	3/31/2008	12/31/2007
Cash & Short Term Investments	17.15	12.17	8.32	4.50
Receivables - Total	14.62	8.67	9.08	12.69
Inventories - Total	NA	NA	NA	NA
Total Current Assets	33.42	23.48	17.99	18.01
Net Property, Plant & Equipment	49.15	43.40	46.52	42.93
Total Assets	82.82	67.10	64.74	61.16
Liabilities
Accounts Payable	12.85	6.51	6.02	8.00
Debt in Current Liabilities	6.39	4.78	3.83	4.52
Total Current Liabilities	19.24	11.29	9.85	12.52
Long-Term Debt	11.78	7.00	7.55	3.77
Total Liabilities	34.75	21.05	19.69	18.24
Stockholder's Equity
Minority Interest	NA	NA	NA	NA
Preferred Stock	NA	NA	NA	NA
Common Stock	0.17	0.17	0.17	0.17
Retained Earnings	21.82	19.96	19.09	17.11
Treasury Stock	-0.26	-0.26	-0.26	-0.26
Total Stockholders' Equity	48.07	46.06	45.05	42.92
Total Liabilities and Stockholders' Equity	82.82	67.10	64.74	61.16