<PAGE>
ZAPATA CORPORATION
CONSOLIDATED BALANCE SHEET
A S S E T S
<TABLE>
<CAPTION>
SEPTEMBER 30, SEPTEMBER 30,
1994 1993
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(IN THOUSANDS)
<S> <C> <C>
Current assets:
Cash and cash equivalents........................ $ 14,386 $ 16,008
Restricted cash.................................. 779 75,083
Receivables...................................... 27,591 22,201
Inventories:
Compressor equipment and components............ 17,629
Gas liquids products........................... 414 1,437
Prepaid expenses and other current assets........ 2,049 1,615
Net assets of discontinued operations............ 55,000 68,698
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Total current assets......................... 117,848 185,042
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Investments and other assets:
Notes receivable (net of a $4.3 million allowance
in 1994 and 1993)............................... 1,925 2,844
Investments in equity securities................. 14,471 56,289
Goodwill......................................... 25,812 7,455
Deferred income taxes............................ 3,315
Other assets..................................... 8,420 13,230
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Total investments and other assets........... 53,943 79,818
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Property and equipment:
Natural gas services--compression................ 56,661
Natural gas services--gathering and processing... 18,395 14,324
Oil and gas, full cost method.................... 77,066 65,274
Corporate........................................ 5,213 5,184
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157,335 84,782
Accumulated depreciation, depletion and
amortization.................................... (70,252) (28,555)
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87,083 56,227
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Total assets................................. $258,874 $321,087
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The accompanying notes are an integral part of the financial statements.
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