Tahiti System Applied to 112 Oil and Gas Stocks: 2003-2005: 
         (C) 2006  William Schmidt, Ph.D.
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   REPORT:
     Performance of Single Highest Accumulation Stock 
     in Universe of 112 Oil and Gas Stocks, Each Bought
     at The End of the Quarter and Held 21 Months.

   ---All trades since March 31. 2002 that are closed out 
      after 21 months: 
                     Avg.Gain = +70.4% in 21 months                
                                              Avg. Annualized Gain = +40.2%
   ---All (including those not held a full 21 months) 
                       Avg.Gain=+69.7%
    3 Highest Accumulation Stocks in Universe of 112 Oil and Gas Stocks
    All that are closed out after 21 months: 
                       Avg.Gain = +85.5%
                   Avg. Annualized Gain = +48.9% 
    Since 6/30/2004, the highest Accumulation Stock among the 112
    Oil anbd gas Stocks has always outperformed the second and third
    highest.

 

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Tahiti Trades among for Oil and Gas Stocks:
             2003-2005
Holding       Trades and Outcomes             
Period        Accum.Index value is shown in parentheses.
--------      --------------------------------------------------------------                   
21 mo.        Buy on March 31, 2003 ... Sell on December 31, 2004
             
              XTO  (184) bought at 11.49  sold at 26.60   Gain= 131.5%
              DNR  (170) bought at 5.415  sold at 13.00   Gain= 140.0% 
              ARP  (168) bought at 14.74  sold at 24.8   Gain= 68.2% 
                                                 
                                                          Average Gain =+113.2%  
                                                          Annualized Gain=+ 64.7% 
..................................................................................................................................
 21 mo.       Buy on June 30, 2003 ... Sell on March  31, 2005
             
              GW  (188) bought at 4.04  sold at  6.58   Gain= 62.9%
              XTO  (179) bought at 12.096  sold at 32.84   Gain= 171.4% 
              NHY  (172) bought at 49.15  sold at 83.49   Gain= 69.9% 
                                                 
                                                          Average Gain = 101.4%
                                                          Annualized Gain= + 57.9% 
...................................................................................................................................
 21. mo       Buy on September 30, 2003 ... Sell on June 30, 2005
              KPP  (179) bought at 46.29  sold at 61.46   Gain= 32.8%
              EPEX  (177) bought at 6.58  sold at 15.62   Gain= 137.4% 
              IMO  (173) bought at 37.21  sold at 83.31   Gain= 123.9% 
                                                 
                                                          Average Gain = 123.9%
                                                          Annualized Gain= + 70.8%  
............................................................................................................................
                 
 21 mo.       Buy on December 31, 2003 ... Sell on September 31, 2005
              PETD  (192) bought at 23.7  sold at 38.34   Gain= 61.8%
              TTI  (179) bought at 16.6  sold at 31.22    Gain= 88.1% 
              LZ  (179) bought at 37.52  sold at 43.33   Gain=  15.5% 
                                                 
                                                          Average Gain = 55.1%%
                                                          Annualized Gain= +31.5%                            
                                             
..................................................................................................................................
 21 mo.                Buy on March 31, 2004 ... Sell on December 31, 2005
              
              BRG (200) bought at 30.5 sold at 49.73      Gain= 63.0%
              PETD (191) bought at 28.65  sold at 33.34   Gain= 16.4% 
              TE  (185) bought at 14.63  sold at 17.18    Gain= 17.4% 
              SC  (185) bought at 39.91  sold at 55.65    Gain= 39.4%                                    
                                                          Average Gain =+34.1% 
                                                          Annualized Gain= +19.5%   
..................................................................................................................................
        
          Results below are based on prices as of 3/6/2006
          =================================================
 20 mo.       Buy on June 30, 2004 ... To Be Sold  on March 31, 2006
             
              BRG (200) bought at 31.48   ...now  60.26   Gain= 91.4%
              KCS (180) bought at 28.65   ...now  24.55   Gain= -14.3% 
              GW  (177) bought at 7.32    ...now   7.18   Gain= -1.9% 
                                                         
                                                          Average Gain = +25.1%
                                                            
              ....
              SC  (175) bought at 39.91   ...bought out at 55.65  Gain= 39.4%
              KPP (174) bought at 45.89   ...bought out at 61.46  Gain= 33.9%                                  
                                                          
                                                                                
 ..................................................................................................................................
 17 mo.       Buy on September 30, 2004 ... To Be Sold  on June 30, 2006
              BRG (200) bought at 34.04   ...now  60.26   Gain= 77.0%
              SJI (195) bought at 23.875  ...now  28.52   Gain= 19.5% 
              GW  (175) bought at 4.39    ...now   7.18   Gain= 63.6%  
              
                                                         Average Gain = 53.4%
                         
  ..................................................................................................................................
                              
 14 mo.       Buy on December 31, 2004 ... To Be Sold  on September 30, 2006
              BRG (199) bought at 34.45   ...now  60.26   Gain= 74.9%
              SJI (197) bought at 26.38   ...now  28.52   Gain=  8.1%
              CPE (172) bought at 14.46   ...now  18.67   Gain=  +29.1%
  
                                                         Average Gain = +37.4%
                                                                         
 ..................................................................................................................................
 11 mo.       Buy on March 31, 2005 ... To Be Sold  on December 31, 2006
              BRG (195) bought at 39.4    ...now 60.26   Gain=  +99.7%
              SYNM (178) bought at 12.24  ...now  8.88   Gain=  -27.5% 
              IMO (173) bought at 76.14   ...now 97.72   Gain=  +28.2% 
                                                          Average Gain = 33.4%             
                   
   ..................................................................................................................................          
 8 mo.        Buy on June 30, 2005 ... To Be Sold  on March 31, 2007
              BRG (195) bought at 41.6    ...now 60.26     Gain= +44.9%
              TE (194) bought at 18.91    ...now 16.62     Gain= -12.1% 
              IMO (183) bought at 83.31   ...now 97.72     Gain= +17.3%
                                                         Average Gain = 16.7% 
                           
.................................................................................................................................. 
                        
 5 mo.        Buy on September 30, 2005 ... To Be Sold  on June 30, 2007
              BRG (192) bought at 47.69    ...now 60.26     Gain= +26.4%
              FGP (187) bought at 21.68    ...now 22.28     Gain=  +2.8% 
              CWEI(176) bought at 43.2     ...now 47.04     Gain=  +8.9% 
                                                         Average Gain = 12.7%
              
             
.................................................................................................................................. 
                                                    
 2 mo.        Buy on December 30, 2005 ... To Be Sold  on September 30, 2007
             .....to be disclosed later.                   
                                                                                                                   Annualized Gain=+98.7% 
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