OMNI Energy Services Corp.

Condensed Balance Sheet(Unaudited)

As of:

November 30, 2000 (A)

September 30, 2000

ASSETS

CURRENT ASSETS

Cash & Cash Equivalents

66,826

229,049

Net Accounts Receivable

913,717

1,057,676

Prepaid Expenses and Other Current Assets

1,401,783

1,366,706

Inventory

1,068,028

2,225,537

Net Assets of Discontinued Operations

705,818

(834,182)

Total Current Assets

4,156,172

4,044,788

FIXED ASSETS

Fixed Assets

37,916,359

36,819,399

Accumulated Depreciation

(11,494,101)

(10,916,432)

Total Fixed Assets

26,422,258

25,902,967

OTHER ASSETS

Other Non-Current Assets

604,353

87,390

Goodwill, net

2,556,597

0

Total Other Assets

3,160,950

87,390

TOTAL ASSETS

33,739,380

30,035,145

OMNI Energy Services Corp.

Condensed Balance Sheet(Unaudited)

As of:

November 30, 2000

September 30, 2000

LIABILITIES & EQUITY

CURRENT LIABILITIES

Accounts Payable and Other Current Liabilities

3,902,105

5,389,248

Current Portion of L-T Debt

2,118,063

1,977,885

Total Current Liabilities

6,020,168

7,367,133

LONG-TERM LIABILITIES

Notes Payable

11,707,931

13,748,057

Subordinated Debt

4,748,205

8,998,205

Less: Current Portion of Debt

(2,118,063)

(1,977,885)

Total Long-Term Liabilities

14,338,072

20,768,377

Minority Interest

221,202

222,940

TOTAL LIABILITIES

20,579,442

28,358,449

STOCKHOLDERS' EQUITY

Preferred Stock

7,500,000

2,150,000

Common Stock

266,972

159,794

Additional Paid In Capital

54,677,092

47,597,043

Cumulative Translation Adjustment

(60,625)

(38,018)

Accumulated Deficit

(49,223,501)

(48,192,123)

TOTAL STOCKHOLDERS EQUITY

13,159,939

1,676,696

TOTAL LIABILITIES & STOCKHOLDERS' EQUITY

33,739,380

30,035,145

(A) Balance sheet as of November 30, 2000 includes the equity financing and merger transaction described in the attached press release dated November 15, 2000. These transactions are described in greater detail in the Company's Form 10Q filed on November 14, 2000.