Pacific Energy & Mining Company Balance Sheet June 30, 2007 (Unaudited) June 30, 2007 ASSETS TOTAL ASSETS 9,622,559.52 ============ LIABILITIES & EQUITY Total Liabilities 441,676.94 Total Equity 9,180,882.58 ------------ TOTAL LIABILITIES & EQUITY 9,622,559.52 ============ Pacific Energy & Mining Company Income Statement September 1, 2006 - June 30, 2007 (Unaudited) Sep. 1, '06 - June 30, '07 Ordinary Income/Expense Oil sales 28,579.40 Total Expense 84,135.33 ------------ Net Ordinary Income (55,555.93) Other Income/Expense Interest Income 1,511.60 Other Income 681,831.11 ------------ Net Other Income 683,342.71 ------------ Net Income 627,786.78 ============ Shares Outstanding: 23,654,287 Earnings per share $ 0.0265 ============Pacific Energy & Mining is a diversified company that operates oil and gas leases throughout Utah. It also has non-operated interests in Utah and Oklahoma. The Company would also like to welcome all new shareholders present or future to visit our website at www.pemc.us for detailed information. Disclaimer The foregoing contains forward-looking information within the meaning of The Private Securities Litigation Act of 1995. Such forward-looking statements involve certain risks and uncertainties. The actual results may differ materially from such forward-looking statements. The company does not undertake to publicly update or revise its forward-looking statements even if experience or further changes make it clear that any projected results (expressed or implied) will not be realized.
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