##### 



EXHIBIT 99.6
 Financial Statements
 Years ended December 31, 2004 and 2003




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Contents
 Report of Independent Auditors
    
    
    1Audited Financial StatementsBalance Sheets
    
    
    2Statements of Income and Comprehensive Income
    
    
    3Statements of Shareholders Equity
    
    
    4Statements of Cash Flows
    
    
    5Notes to Financial Statements
    
    
    6




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1




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December 312004
    
    2003AssetsCurrent assets:Cash and cash equivalents
    
    $
    94,557
    
    
    $
    127,566Restricted cash and cash equivalents
    
    
    48,651,973
    
    
    
    30,199,503Accounts receivable:Trade  PDVSA Petroleo, S.A.
    
    
    15,380,796
    
    
    
    6,978,895Other
    
    
    883,571
    
    
    
    2,187,154Prepaid taxes
    
    
    1,974,322
    
    
    
    2,369,859Prepaid expenses
    
    
    1,158,204
    
    
    
    999,398Total current assets
    
    
    68,143,423
    
    
    
    42,862,375Restricted cash and cash equivalents
    
    
    18,766,602
    
    
    
    18,520,185Property, plant and equipment, net
    
    
    264,815,191
    
    
    
    280,637,005Deferred financing costs
    
    
    25,952,140
    
    
    
    27,974,446Derivative asset
    
    
    1,244,132
    
    
    
    2,745,108Other assets
    
    
    339,711
    
    
    
    Total assets
    
    $
    379,261,199
    
    
    $
    372,739,119Liabilities and shareholders equityCurrent liabilities:Accounts payable:Trade
    
    $
    1,420,924
    
    
    $
    4,300,756Affiliates
    
    
    365,281
    
    
    
    4,921,552Other
    
    
    338,229
    
    
    
    212,971Value-added tax payable
    
    
    1,927,279
    
    
    
    768,624Foreign taxes payable
    
    
    
    
    
    
    529,805Accrued liabilities
    
    
    534,983
    
    
    
    1,089,719Notes payable due within one year
    
    
    22,310,000
    
    
    
    22,310,000Accrued interest
    
    
    2,981,642
    
    
    
    2,166,388Deferred revenue
    
    
    521,519
    
    
    
    521,519Total current liabilities
    
    
    30,399,857
    
    
    
    36,821,334Notes payable
    
    
    185,380,000
    
    
    
    207,690,000Deferred revenue
    
    
    8,735,443
    
    
    
    9,256,962Deferred foreign income tax
    
    
    15,385,000
    
    
    
    9,372,000Shareholders equity:Common stock, class A, $1 par value, 35,000 shares
authorized, 70 shares issued and outstanding
    
    
    70
    
    
    
    70Common stock, class B, $1 par value, 15,000 shares
authorized, 30 shares issued and outstanding
    
    
    30
    
    
    
    30Additional paid-in capital
    
    
    101,914,330
    
    
    
    101,914,330Retained earnings
    
    
    38,803,342
    
    
    
    8,050,622Accumulated
other comprehensive loss  net loss on cash flow hedge instruments
    
    
    (1,356,873
    )
    
    
    (366,229
    )Total shareholders equity
    
    
    139,360,899
    
    
    
    109,598,823Total liabilities and shareholders equity
    
    $
    379,261,199
    
    
    $
    372,739,119
 See accompanying notes.
 2




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Years ended December 31,2004
    
    2003Revenues
    
    $
    85,767,089
    
    
    $
    85,276,221Operating expenses
    
    
    12,824,040
    
    
    
    11,357,396Depreciation
    
    
    15,995,101
    
    
    
    15,987,685General and administrative expenses
    
    
    7,001,345
    
    
    
    6,955,201Total costs and expenses
    
    
    35,820,486
    
    
    
    34,300,282Operating income
    
    
    49,946,603
    
    
    
    50,975,939Other income (expense):Interest expense
    
    
    (12,281,461
    )
    
    
    (2,368,287
    )Foreign currency transaction gain/(loss), net
    
    
    (854,915
    )
    
    
    348,803Other income, net
    
    
    465,493
    
    
    
    383,533(12,670,883
    )
    
    
    (1,635,951
    )Income before foreign income tax
    
    
    37,275,720
    
    
    
    49,339,988Provision for foreign income tax
    
    
    6,523,000
    
    
    
    6,464,000Net income
    
    
    30,752,720
    
    
    
    42,875,988Other comprehensive loss  unrealized loss on
cash flow hedging (net of income tax benefit
of $510,000 in 2004 and $189,000 in 2003)
    
    
    (990,644
    )
    
    
    (366,229
    )Comprehensive income
    
    $
    29,762,076
    
    
    $
    42,509,759
 See accompanying notes.
 3




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AccumulatedAdditional
    
    
    
    
    
    OtherCommon Stock
    
    Paid-In
    
    Retained
    
    ComprehensiveClass A
    
    Class B
    
    Capital
    
    Earnings
    
    Loss
    
    TotalBalance, December 31, 2002
    
    $
    70
    
    
    $
    30
    
    
    $
    101,914,330
    
    
    $
    21,890,248
    
    
    $
    
    
    
    $
    123,804,678Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    42,875,988
    
    
    
    
    
    
    
    42,875,988Other comprehensive loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (366,229
    )
    
    
    (366,229
    )Dividends
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (56,715,614
    )
    
    
    
    
    
    
    (56,715,614
    )Balance, December 31, 2003
    
    
    70
    
    
    
    30
    
    
    
    101,914,330
    
    
    
    8,050,622
    
    
    
    (366,229
    )
    
    
    109,598,823Net income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    30,752,720
    
    
    
    
    
    
    
    30,752,720Other comprehensive loss
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (990,664
    )
    
    
    (990,644
    )Balance, December 31, 2004
    
    $
    70
    
    
    $
    30
    
    
    $
    101,914,330
    
    
    $
    38,803,342
    
    
    $
    (1,356,873
    )
    
    $
    139,360,899
 See accompanying notes.
 4




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Years ended December 31,2004
    
    2003Operating activitiesNet income
    
    $
    30,752,720
    
    
    $
    42,875,988Adjustments to reconcile net income to net cash
provided by (used in) operating activities:Depreciation
    
    
    15,995,101
    
    
    
    15,987,685Amortization of deferred costs
    
    
    2,212,347
    
    
    
    Deferred foreign income tax expense
    
    
    6,523,332
    
    
    
    5,933,663Changes in operating assets and liabilities:Accounts receivable
    
    
    (7,098,318
    )
    
    
    4,145,319Value-added tax payable
    
    
    1,158,655
    
    
    
    (1,976,926
    )Foreign taxes payable
    
    
    (529,805
    )
    
    
    529,805Prepaid expenses
    
    
    (158,806
    )
    
    
    (673,533
    )Prepaid taxes
    
    
    395,537
    
    
    
    (505,058
    )Other non-current assets
    
    
    (339,711
    )
    
    
    Accrued liabilities
    
    
    (554,736
    )
    
    
    (434,871
    )Accounts payable
    
    
    (2,754,574
    )
    
    
    279,802Receivable/payable with affiliates
    
    
    (4,556,271
    )
    
    
    3,494,962Deferred revenue
    
    
    (521,519
    )
    
    
    (521,519
    )Interest payable
    
    
    815,254
    
    
    
    2,166,388Net cash provided by operating activities
    
    
    41,339,206
    
    
    
    71,301,705Investing activitiesPurchases of property, plant and equipment
    
    
    (173,287
    )
    
    
    (281,225
    )Net cash used in investing activities
    
    
    (173,287
    )
    
    
    (281,225
    )Financing activitiesPayments of notes payable
    
    
    (22,310,000
    )
    
    
    Payments of shareholder loans
    
    
    
    
    
    
    (205,000,000
    )Dividends paid
    
    
    
    
    
    
    (56,715,614
    )Acquisition of interest rate cap
    
    
    
    
    
    
    (3,300,000
    )Loan proceeds received
    
    
    
    
    
    
    230,000,000Additions to deferred financing costs
    
    
    (190,041
    )
    
    
    (22,671,485
    )Changes in restricted cash and cash equivalents
    
    
    (18,698,887
    )
    
    
    (48,719,688
    )Net cash used in financing activities
    
    
    (41,198,928
    )
    
    
    (106,406,787
    )Net decrease in cash and cash equivalents
    
    
    (33,009
    )
    
    
    (35,386,307
    )Cash and cash equivalents, beginning of year
    
    
    127,566
    
    
    
    35,513,873Cash and cash equivalents, end of year
    
    $
    94,557
    
    
    $
    127,566Supplemental Disclosures of Cash Flow InformationForeign income taxes paid
    
    $
    1,532,899
    
    
    $
    1,790,735Interest paid
    
    $
    9,253,859
    
    
    $
    
 See accompanying notes.
 5




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1. Organization and Description of Business
   2. Summary of Significant Accounting Policies
 Use of Estimates
  6




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2. Summary of Significant Accounting Policies (continued)
 Cash and Cash Equivalents
  Restricted Cash and Cash Equivalents
 Istituto per i Servizi Assicurativi del Commercio Estero
 Accounts Receivable
  Derivative instruments
  7




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2. Summary of Significant Accounting Policies (continued)
  Property, Plant and Equipment
  Accounting for Asset Retirement Obligations
 Accounting for Conditional Asset Retirement
Obligations
 8




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2. Summary of Significant Accounting Policies (continued)
 Revenue Recognition Policy
  Impairment of Long-lived Assets
  Provision for Severance Benefits
  Foreign Currency
  9




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2. Summary of Significant Accounting Policies (continued)
 Income Taxes
  Change in Presentation
  3. Risks and Uncertainties
    10




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3. Risks and Uncertainties (continued)
    4. Related Party Transactions
   11




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4. Related Party Transactions (continued)
  2004
    
    2003Williams International Services Company
    
    
    197,099
    
    
    
    757,548WilPro Energy Services (El Furrial) Limited
    
    
    168,182
    
    
    
    4,164,004$
    365,281
    
    
    $
    4,921,552
 5. Property, Plant and Equipment
  2004
    
    2003Natural gas compression plant facilities
    
    $
    309,317,074
    
    
    $
    309,268,563Rotables and other spare parts
    
    
    7,247,363
    
    
    
    7,100,835Vehicles
    
    
    578,670
    
    
    
    626,270Computer software and equipment
    
    
    309,520
    
    
    
    298,961Other
    
    
    147,312
    
    
    
    167,749317,599,939
    
    
    
    317,462,378Accumulated depreciation
    
    
    (52,784,748
    )
    
    
    (36,825,373
    )$
    264,815,191
    
    
    $
    280,637,005
 12




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6. Notes Payable
  2004
    
    2003Overseas Private Investment Corporation:6.62% note payable, due in
semi-annual payments plus interest
through September 15, 2016
    
    $
    112,875,000
    
    
    $
    125,000,000ABN AMRO Bank N.V.:Variable rate note payable, due in
semi-annual payments plus interest
through September 15, 2016
    
    
    94,815,000
    
    
    
    105,000,000207,690,000
    
    
    
    230,000,000Current portion
    
    
    22,310,000
    
    
    
    22,310,000$
    185,380,000
    
    
    $
    207,690,000
  13




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6. Notes Payable (continued)
  2005
    
    $
    22,310,0002006
    
    
    22,310,0002007
    
    
    22,310,0002008
    
    
    23,000,0002009
    
    
    26,220,000
  7. Income Taxes
  14




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7. Income Taxes (continued)
  2004
    
    2003Deferred tax liabilities:Property, plant and equipment
    
    $
    16,733,000
    
    
    $
    11,364,000Debt financing costs
    
    
    3,023,000
    
    
    
    1,869,000Total deferred tax liabilities
    
    
    19,756,000
    
    
    
    13,233,000Deferred tax assets:Investment tax credit carryforward (ITC)
    
    
    779,285
    
    
    
    16,935,000Mark to market on interest rate cap
    
    
    699,000
    
    
    
    189,000Net operating loss carryforward (NOL)
    
    
    13,105,468
    
    
    
    14,804,000Business asset tax carryforward (BAT)
    
    
    526,102
    
    
    
    530,000Deferred revenue
    
    
    3,672,000
    
    
    
    3,672,00018,781,855
    
    
    
    36,130,000Valuation allowance
    
    
    (14,410,855
    )
    
    
    (32,269,000
    )Total deferred tax assets
    
    
    4,371,000
    
    
    
    3,861,000Net deferred tax liability
    
    $
    15,385,000
    
    
    $
    9,372,000
   15




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7. Income Taxes (continued)
  8. Financial Instruments
  Cash and cash equivalents and restricted cash and cash equivalents:
 Derivative asset:
 Notes payable:
 2004
    
    2003Carrying
    
    
    
    
    
    CarryingAsset (liability)
    
    amount
    
    Fair value
    
    amount
    
    Fair valueCash and cash
equivalents
    
    $
    94,557
    
    
    $
    94,557
    
    
    $
    127,566
    
    
    $
    127,566Restricted cash and
cash equivalents
    
    
    67,418,575
    
    
    
    67,418,575
    
    
    
    48,719,688
    
    
    
    48,719,688Derivative asset
    
    
    1,244,132
    
    
    
    1,244,132
    
    
    
    2,745,108
    
    
    
    2,745,108Notes payable
    
    
    (207,690,000
    )
    
    
    (225,943,010
    )
    
    
    (230,000,000
    )
    
    
    (254,513,750
    )
 16




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9. Commitments
  17