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Enterprising Investor

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Re: Enterprising Investor post# 275

Wednesday, 01/27/2016 8:35:04 AM

Wednesday, January 27, 2016 8:35:04 AM

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Cash Flow Neutrality

The Company estimates its 2016 capital expenditures budget will be cash flow neutral at an average WTI price of $37 per barrel for the full year. At an average WTI price of $40, the Company estimates 2016 results would be cash flow positive in excess of $100 million.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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