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Wednesday, 03/02/2016 4:23:31 PM

Wednesday, March 02, 2016 4:23:31 PM

Post# of 574
2015 HIGHLIGHTS

Oil and gas sales, including cash from settled derivatives, totaled $363.7 million for 2015 and $86.5 million for the fourth quarter of 2015
Reduced capital expenditures by 76% compared to 2014, while still growing total production by 3% year-over-year to 16,285 barrels of oil equivalent ("Boe") per day, above stated guidance
Reduced cash general and administrative expenses by $2.1 million or 14% compared to 2014
Ended the year with $403.4 million of liquidity, composed of $3.4 million in cash and $400 million of revolving credit facility availability
Participated in the completion of 292 gross (18.6 net) wells
1.8 million barrels of oil are hedged for 2016 at an average price of $77.50 per barrel

I see a close at 3.82
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