Sanchez Energy Corp. (fka SNECQ)

[Timothy Smith]

The production guidance provided by Sanchez below starts with the 2012 exit rate of 4,500 Boed before the Cotulla acquisition and has a 2014 exit rate of 16,000-18,000 Boed.

The operating plan for Cotulla is to keep one rig drilling to maintain production.

At first this will be a single well rig but this will soon change to pad drilling.

The company has intimated that the Cotulla 4,500 Boed guidance is conservative and may be increased after the acquisition is bedded-in (closing expected in Q2).