The following selected consolidated financial data for each of the four years in the period ended July 31, 2004 and the period August 1, 2004 to September 30, 2004 have been derived from the financial statements of Penn Octane Corporation’s Owned Pipeline and Terminal Operations – a Division of Penn Octane Corporation, the predecessor of Rio Vista.  The following selected consolidated financial data for the period October 1, 2004 (the date operations commenced) to December 31, 2004 and the year ended December 31, 2005, has been derived from the consolidated financial statements of Rio Vista.  The data set forth below should be read in conjunction with “Management's Discussion and Analysis of Financial Condition and Results of Operations” and the consolidated financial statements of Rio Vista and related notes included elsewhere herein.  All information is in thousands, except per-unit data (see notes to the consolidated financial statements).

• Rio Vista did not commence operations until October 1, 2004.
• The common units of Rio Vista were issued in connection with the Spin-Off effective October 1, 2004.