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Alias Born | 03/01/2010 |
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Tuesday, October 02, 2012 1:20:38 AM
Strategy
Our primary business objective is to create long-term value and to generate stable cash flows allowing us to resume making quarterly cash distributions to our unitholders. In the long term, we are focused on increasing the amount of our future quarterly distributions over time. We plan to achieve our objective by executing our business strategy, which is to:
Organically grow our business by increasing reserves and production through what we believe to be low-risk development drilling that focuses on capital efficient production growth;
Reduce the volatility in our revenues resulting from changes in oil and natural gas commodity prices through efficient hedging programs;
Make accretive acquisitions of oil and natural gas properties characterized by a high percentage of proved developed reserves with long-lived, stable production and low-risk drilling opportunities, which may include associated midstream assets such as gathering systems, compression, dehydrating and treating facilities and other similar facilities; and
Realize value by opportunistically forming partnerships, participating in farm-out arrangements, joint operating agreements or other capital-efficient ventures to take advantage of our significant undeveloped acreage positions in the Cherokee Basin.
C'mon Stephen, lets get that divvy back!![color=red][/color]
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