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Employer) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.57 516.25 Td ( ) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 459.57 516.25 Td (Identification No.\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 147.70 499.23 Td (5320 Legacy Drive,) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 163.20 491.23 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 186.61 491.23 Td (TX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 499.95 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 364.50 499.10 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 451.50 491.23 Td (75024) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 118.00 478.95 Td (\(Address of principal executive offices\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 478.95 Td () Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 444.05 478.95 Td (\(Zip Code\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 8.00 Tf ET q 0 0 0 rg BT 97.35 455.95 Td (Registrants telephone number, including area code:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 314.50 455.95 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 436.50 456.08 Td (\(972\) 673-2000) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 208.35 431.30 Td (Securities r) Tj ET Q q 0 0 0 rg BT 247.08 431.30 Td (egister) Tj ET Q q 0 0 0 rg BT 269.59 431.30 Td (ed pursuant to Section 12\(b\) of the ) Tj ET Q q 0 0 0 rg BT 388.93 431.30 Td (Act:) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 419.8 m 353 419.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 421.3 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 419.8 m 562 419.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 421.3 m 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 395.8 m 353 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 393.8 m 353 393.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 395.8 m 562 395.8 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 353 393.8 m 562 393.8 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 58.50 412.88 Td (Title of Each Class:) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 361.50 412.88 Td (Name of Each Exchange on Which Registered:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 399.75 Td (Common Stock $.001 Par Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.50 399.75 Td (New York Stock Exchange) Tj ET Q BT /F1 10.00 Tf ET BT /F2 8.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (Securities r) Tj ET Q q 0 0 0 rg BT 88.23 376.10 Td (egister) Tj ET Q q 0 0 0 rg BT 110.74 376.10 Td (ed pursuant to Section 12\(g\) of the ) Tj ET Q q 0 0 0 rg BT 229.63 376.10 Td (Act:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 244.29 376.10 Td ( None) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 356.90 Td (Indicate by check mark if the registrant is a well-known seasoned issuer) Tj ET Q q 0 0 0 rg BT 279.55 356.90 Td (, as defined in Rule 405 of the Securities ) Tj ET Q q 0 0 0 rg BT 411.07 356.90 Td (Act.) Tj ET Q q 0 0 0 rg BT 428.33 356.90 Td (Y) Tj ET Q q 0 0 0 rg BT 433.30 356.90 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 441.97 355.17 cm /I4 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 449.10 356.90 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 466.88 355.17 cm /I5 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 337.70 Td (Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15\(d\) of the ) Tj ET Q q 0 0 0 rg BT 418.29 337.70 Td (Act. ) Tj ET Q q 0 0 0 rg BT 433.54 337.70 Td (Y) Tj ET Q q 0 0 0 rg BT 438.52 337.70 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 447.18 335.97 cm /I6 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.31 337.70 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 472.09 335.97 cm /I7 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 318.50 Td (Indicate by check mark whether the registrant \(1\) has filed all reports required to be filed by Section 13 or 15\(d\) of the Securities Exchange ) Tj ET Q q 0 0 0 rg BT 497.12 318.50 Td (Act of 1934 during ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 308.90 Td (the preceding 12 months \(or for such shorter period that the registrant was required to file such reports\), and \(2\) has been subject to such filing requirements for ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 299.30 Td (the past 90 days.) Tj ET Q q 0 0 0 rg BT 106.53 299.30 Td (Y) Tj ET Q q 0 0 0 rg BT 111.50 299.30 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 120.17 297.57 cm /I8 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 127.30 299.30 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 145.08 297.57 cm /I9 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 280.10 Td (Indicate by check mark whether the registrant has submitted electronically and posted on its corporate ) Tj ET Q q 0 0 0 rg BT 377.91 280.10 Td (W) Tj ET Q q 0 0 0 rg BT 384.82 280.10 Td (eb site, if any) Tj ET Q q 0 0 0 rg BT 427.39 280.10 Td (, every Interactive Data File required to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 270.50 Td (be submitted and posted pursuant to Rule405 of RegulationS-T) Tj ET Q q 0 0 0 rg BT 255.55 270.50 Td ( during the preceding 12months \(or for such shorter period that the registrant was required to ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 260.90 Td (submit and post such files\). ) Tj ET Q q 0 0 0 rg BT 138.97 260.90 Td (Y) Tj ET Q q 0 0 0 rg BT 143.95 260.90 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 152.61 259.17 cm /I10 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 159.75 260.90 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 177.52 259.17 cm /I11 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 241.70 Td (Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (of registrant) Tj ET Q q 0 0 0 rg BT 90.60 232.10 Td (s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 222.50 Td (10-K. ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 69.94 220.77 cm /I12 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 203.30 Td (Indicate by check mark whether the registrant is a lar) Tj ET Q q 0 0 0 rg BT 219.28 203.30 Td (ge accelerated filer) Tj ET Q q 0 0 0 rg BT 279.80 203.30 Td (, an accelerated filer) Tj ET Q q 0 0 0 rg BT 344.32 203.30 Td (, a non-accelerated filer) Tj ET Q q 0 0 0 rg BT 419.50 203.30 Td (, or a small reporting company) Tj ET Q q 0 0 0 rg BT 517.18 203.30 Td (.See the ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 193.70 Td (definitions of lar) Tj ET Q q 0 0 0 rg BT 106.23 193.70 Td (ge accelerated filer, accelerated filer, and small reporting company in Rule 12-b2 of the Exchange ) Tj ET Q q 0 0 0 rg BT 439.17 193.70 Td (Act.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 184.10 Td (Lar) Tj ET Q q 0 0 0 rg BT 60.46 184.10 Td (ge accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 123.30 182.37 cm /I13 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 130.43 184.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.99 184.10 Td (Accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 191.50 182.37 cm /I14 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 198.63 184.10 Td ( Non-accelerated filer ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 274.36 182.37 cm /I15 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.49 184.10 Td ( Smaller reporting company ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 377.02 182.37 cm /I16 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 164.90 Td (Indicate by check mark whether the registrant is a shell company \(as defined in Rule 12b-2 of the ) Tj ET Q q 0 0 0 rg BT 362.73 164.90 Td (Act\).) Tj ET Q q 0 0 0 rg BT 382.65 164.90 Td (Y) Tj ET Q q 0 0 0 rg BT 387.63 164.90 Td (es ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 396.29 163.17 cm /I17 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.42 164.90 Td ( No ) Tj ET Q /GS0 gs q 7.13 0 0 8.27 421.20 163.17 cm /I18 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 145.70 Td (The aggregate market value of the registrant) Tj ET Q q 0 0 0 rg BT 193.43 145.70 Td (s common stock held by non-af) Tj ET Q q 0 0 0 rg BT 293.94 145.70 Td (filiates, based on the closing price of the registrant) Tj ET Q q 0 0 0 rg BT 457.66 145.70 Td (s common stock as of the last ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 136.10 Td (business day of the registrant) Tj ET Q q 0 0 0 rg BT 145.04 136.10 Td (s most recently completed second fiscal quarter was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.42 136.10 Td ($1,394,129,744) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.42 136.10 Td (.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 49.50 116.90 Td (The number of shares outstanding of the registrant) Tj ET Q q 0 0 0 rg BT 213.23 116.90 Td (s Common Stock as of January 31, ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 326.56 116.90 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 342.56 116.90 Td (, was ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 116.90 Td (398,146,090) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 401.00 116.90 Td (.) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 202.85 95.25 Td (DOCUMENTS INCORPORA) Tj ET Q q 0 0 0 rg BT 318.43 95.25 Td (TED BY) Tj ET Q q 0 0 0 rg BT 351.36 95.25 Td ( REFERENCE) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 76.83 Td (Document:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 76.70 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 441.50 76.83 Td (Incorporated ) Tj ET Q q 0 0 0 rg BT 488.83 76.83 Td (as ) Tj ET Q q 0 0 0 rg BT 497.94 76.83 Td (to:) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 63.00 Td (1. Notice and Proxy Statement for the Annual Meeting ofStockholders to be held May 24, 2017.) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 404.50 63.70 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 63.70 Td (1.Part ) Tj ET Q q 0 0 0 rg BT 466.39 63.70 Td (III, ) Tj ET Q q 0 0 0 rg BT 478.38 63.70 Td (Items ) Tj ET Q q 0 0 0 rg BT 498.15 63.70 Td (10, ) Tj ET Q q 0 0 0 rg BT 510.15 63.70 Td (1) Tj ET Q q 0 0 0 rg BT 513.86 63.70 Td (1, ) Tj ET Q q 0 0 0 rg BT 521.86 63.70 Td (12, ) Tj ET Q q 0 0 0 rg BT 533.86 63.70 Td (13, ) Tj ET Q q 0 0 0 rg BT 545.86 63.70 Td (14) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 2.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 39.950000000000045 m 561.5 39.950000000000045 l s BT /F1 10.00 Tf ET endstream endobj 5 0 obj <> endobj 6 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.40 726.75 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 251.40 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 253.35 726.75 Td (Annual Report on Form10-K) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 267.20 714.75 Td () Tj ET Q q 0 0 0 rg BT 269.52 714.75 Td (T) Tj ET Q q 0 0 0 rg BT 275.27 714.75 Td (able of Contents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.71 714.75 Td () Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495 689.25 m 562 689.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 693.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 693.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.25 693.92 Td (Page) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 679.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 678.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 679.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.50 678.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 663.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 664.82 Td (Glossary and Selected ) Tj ET Q q 0 0 0 rg BT 208.31 664.82 Td (Abbreviations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 649.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 648.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 649.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 648.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 634.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 633.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 634.82 Td (P) Tj ET Q q 0 0 0 rg BT 122.14 634.82 Td (AR) Tj ET Q q 0 0 0 rg BT 135.43 634.82 Td (T) Tj ET Q q 0 0 0 rg BT 141.36 634.82 Td ( I) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 633.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 619.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 618.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 619.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 618.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 604.82 Td (Item1.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 603.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 604.82 Td (Business and Properties) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 589.82 Td (Item1A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 588.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 589.82 Td (Risk Factors) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.82 Td (Item1B.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 573.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 574.82 Td (Unresolved Staf) Tj ET Q q 0 0 0 rg BT 182.03 574.82 Td (f Comments) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.82 Td (Item2.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 558.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 559.82 Td (Properties) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.82 Td (Item3.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 543.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 544.82 Td (Legal Proceedings) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.82 Td (Item 4.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 528.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 529.82 Td (Mine Safety Disclosures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 514.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 513.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 514.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 513.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 499.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 498.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 499.82 Td (P) Tj ET Q q 0 0 0 rg BT 122.14 499.82 Td (AR) Tj ET Q q 0 0 0 rg BT 135.43 499.82 Td (T) Tj ET Q q 0 0 0 rg BT 141.36 499.82 Td ( II) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 498.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 484.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 483.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 484.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 483.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 469.82 Td (Item5.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 458.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 468.92 Td (Market for Registrant) Tj ET Q q 0 0 0 rg BT 206.92 468.92 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 279.05 468.92 Td (, Related Stockholder Matters and Issuer Purchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 458.92 Td (of Equity Securities) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 444.82 Td (Item6.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 443.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 444.82 Td (Selected Financial Data) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 429.82 Td (Item7.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 428.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 429.82 Td (Management) Tj ET Q q 0 0 0 rg BT 172.48 429.82 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 241.65 429.82 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 414.82 Td (Item7A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 413.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 414.82 Td (Quantitative and Qualitative Disclosures ) Tj ET Q q 0 0 0 rg BT 281.90 414.82 Td (About Market Risk) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 399.82 Td (Item8.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 398.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 399.82 Td (Financial Statements and Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 384.82 Td (Item9.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 383.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 384.82 Td (Changes in and Disagreements with ) Tj ET Q q 0 0 0 rg BT 263.31 384.82 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 327.74 384.82 Td (Accounting and Financial Disclosure) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 369.82 Td (Item9A.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 368.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 369.82 Td (Controls and Procedures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 354.82 Td (Item9B.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 353.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 354.82 Td (Other Information) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 339.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 338.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 339.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 338.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 324.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 323.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 324.82 Td (P) Tj ET Q q 0 0 0 rg BT 122.14 324.82 Td (AR) Tj ET Q q 0 0 0 rg BT 135.43 324.82 Td (T) Tj ET Q q 0 0 0 rg BT 141.36 324.82 Td ( III) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 323.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 309.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 308.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 309.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 308.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.82 Td (Item10.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 293.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 294.82 Td (Directors, Executive Of) Tj ET Q q 0 0 0 rg BT 212.56 294.82 Td (ficers and Corporate Governance) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 279.82 Td (Item1) Tj ET Q q 0 0 0 rg BT 77.95 279.82 Td (1.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 278.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 279.82 Td (Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 264.82 Td (Item12.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 253.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 263.92 Td (Security Ownership of Certain Beneficial Owners and Management and Related Stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 253.92 Td (Matters) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 239.82 Td (Item13.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 238.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 239.82 Td (Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 256.18 239.82 Td (T) Tj ET Q q 0 0 0 rg BT 261.93 239.82 Td (ransactions, and Director Independence) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 224.82 Td (Item14.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 223.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 224.82 Td (Principal ) Tj ET Q q 0 0 0 rg BT 155.55 224.82 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 208.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 209.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 208.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 194.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 193.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 194.82 Td (P) Tj ET Q q 0 0 0 rg BT 122.14 194.82 Td (AR) Tj ET Q q 0 0 0 rg BT 135.43 194.82 Td (T) Tj ET Q q 0 0 0 rg BT 141.36 194.82 Td ( IV) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 193.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 179.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 178.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 179.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 178.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 164.82 Td (Item15.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 163.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 164.82 Td (Exhibits and Financial Statement Schedules) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 149.82 Td (Item 16.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 149.82 Td (Form 10-K Summary) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 134.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.50 133.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 134.82 Td (Signatures) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.50 119.82 Td (Index to Exhibits) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.50 663.92 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.50 603.92 Td (5) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 588.92 Td (24) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 573.92 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 558.92 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 543.92 Td (31) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 528.92 Td (32) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 458.92 Td (33) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 443.92 Td (35) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 428.92 Td (37) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 413.92 Td (65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.50 398.92 Td (65) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 383.92 Td (104) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 368.92 Td (104) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 353.92 Td (104) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 293.92 Td (105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 278.92 Td (105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 253.92 Td (105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 238.92 Td (105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 223.92 Td (105) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.50 163.92 Td (106) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.85 148.92 Td (1) Tj ET Q q 0 0 0 rg BT 548.48 148.92 Td (10) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 544.20 133.92 Td (1) Tj ET Q q 0 0 0 rg BT 548.83 133.92 Td (1) Tj ET Q q 0 0 0 rg BT 553.46 133.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.85 118.92 Td (1) Tj ET Q q 0 0 0 rg BT 548.48 118.92 Td (13) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 7 0 obj <> endobj 8 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.85 726.75 Td (Glossary and Selected ) Tj ET Q q 0 0 0 rg BT 323.68 726.75 Td (Abbr) Tj ET Q q 0 0 0 rg BT 346.29 726.75 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 700.82 Td (Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 700.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.28 700.82 Td (stock ) Tj ET Q q 0 0 0 rg BT 177.51 700.82 Td (tank ) Tj ET Q q 0 0 0 rg BT 196.85 700.82 Td (barrel, ) Tj ET Q q 0 0 0 rg BT 224.79 700.82 Td (of ) Tj ET Q q 0 0 0 rg BT 235.25 700.82 Td (42 ) Tj ET Q q 0 0 0 rg BT 247.37 700.82 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 267.28 700.82 Td (gallons ) Tj ET Q q 0 0 0 rg BT 298.29 700.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 323.74 700.82 Td (volume, ) Tj ET Q q 0 0 0 rg BT 358.36 700.82 Td (used ) Tj ET Q q 0 0 0 rg BT 378.81 700.82 Td (herein ) Tj ET Q q 0 0 0 rg BT 405.92 700.82 Td (in ) Tj ET Q q 0 0 0 rg BT 415.82 700.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 455.13 700.82 Td (to ) Tj ET Q q 0 0 0 rg BT 465.03 700.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 489.36 700.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.04 700.82 Td (or ) Tj ET Q q 0 0 0 rg BT 512.49 700.82 Td (other ) Tj ET Q q 0 0 0 rg BT 535.16 700.82 Td (liquid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 688.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.82 Td (Bbls/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 669.82 Td (Barrels ) Tj ET Q q 0 0 0 rg BT 166.88 669.82 Td (of ) Tj ET Q q 0 0 0 rg BT 177.71 669.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 190.76 669.82 Td (or ) Tj ET Q q 0 0 0 rg BT 201.59 669.82 Td (other ) Tj ET Q q 0 0 0 rg BT 224.64 669.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 250.48 669.82 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 307.40 669.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 347.11 669.82 Td (per ) Tj ET Q q 0 0 0 rg BT 362.38 669.82 Td (day) Tj ET Q q 0 0 0 rg BT 376.17 669.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 650.82 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 650.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 650.82 Td (billion ) Tj ET Q q 0 0 0 rg BT 183.27 650.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 207.43 650.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 224.91 650.82 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 650.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.01 650.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.84 650.82 Td (or ) Tj ET Q q 0 0 0 rg BT 292.67 650.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.56 649.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.81 650.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.82 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 631.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.75 631.82 Td (barrel ) Tj ET Q q 0 0 0 rg BT 180.66 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 191.58 631.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 204.73 631.82 Td (equivalent, ) Tj ET Q q 0 0 0 rg BT 251.47 631.82 Td (using ) Tj ET Q q 0 0 0 rg BT 275.73 631.82 Td (the ) Tj ET Q q 0 0 0 rg BT 290.54 631.82 Td (ratio ) Tj ET Q q 0 0 0 rg BT 311.46 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 322.38 631.82 Td (one ) Tj ET Q q 0 0 0 rg BT 339.41 631.82 Td (barrel ) Tj ET Q q 0 0 0 rg BT 365.32 631.82 Td (of ) Tj ET Q q 0 0 0 rg BT 376.24 631.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 401.04 631.82 Td (oil, ) Tj ET Q q 0 0 0 rg BT 416.69 631.82 Td (condensate ) Tj ET Q q 0 0 0 rg BT 463.70 631.82 Td (or ) Tj ET Q q 0 0 0 rg BT 474.63 631.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 504.98 631.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 520.90 631.82 Td (liquids ) Tj ET Q q 0 0 0 rg BT 550.72 631.82 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 621.82 Td (6 ) Tj ET Q q 0 0 0 rg BT 143.00 621.82 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 162.16 621.82 Td (of ) Tj ET Q q 0 0 0 rg BT 172.99 621.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 203.25 621.82 Td (gas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 602.82 Td (BOE/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 602.82 Td (BOEs ) Tj ET Q q 0 0 0 rg BT 161.89 602.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 201.60 602.82 Td (per ) Tj ET Q q 0 0 0 rg BT 216.87 602.82 Td (day) Tj ET Q q 0 0 0 rg BT 230.98 602.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 583.82 Td (Btu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 583.82 Td (British ) Tj ET Q q 0 0 0 rg BT 165.05 583.82 Td (thermal ) Tj ET Q q 0 0 0 rg BT 197.91 583.82 Td (unit, ) Tj ET Q q 0 0 0 rg BT 218.28 583.82 Td (which ) Tj ET Q q 0 0 0 rg BT 245.04 583.82 Td (is ) Tj ET Q q 0 0 0 rg BT 254.03 583.82 Td (the ) Tj ET Q q 0 0 0 rg BT 268.57 583.82 Td (heat ) Tj ET Q q 0 0 0 rg BT 287.54 583.82 Td (required ) Tj ET Q q 0 0 0 rg BT 323.18 583.82 Td (to ) Tj ET Q q 0 0 0 rg BT 333.27 583.82 Td (raise ) Tj ET Q q 0 0 0 rg BT 354.47 583.82 Td (the ) Tj ET Q q 0 0 0 rg BT 369.01 583.82 Td (temperature ) Tj ET Q q 0 0 0 rg BT 419.07 583.82 Td (of ) Tj ET Q q 0 0 0 rg BT 429.72 583.82 Td (a ) Tj ET Q q 0 0 0 rg BT 436.48 583.82 Td (one-pound ) Tj ET Q q 0 0 0 rg BT 481.57 583.82 Td (mass ) Tj ET Q q 0 0 0 rg BT 503.89 583.82 Td (of ) Tj ET Q q 0 0 0 rg BT 514.54 583.82 Td (water ) Tj ET Q q 0 0 0 rg BT 539.06 583.82 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 573.82 Td (58.5 ) Tj ET Q q 0 0 0 rg BT 155.50 573.82 Td (to ) Tj ET Q q 0 0 0 rg BT 165.78 573.82 Td (59.5 ) Tj ET Q q 0 0 0 rg BT 185.78 573.82 Td (degrees ) Tj ET Q q 0 0 0 rg BT 218.82 573.82 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 264.08 573.82 Td (\(F\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 554.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 66.39 553.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 554.82 Td (Carbon ) Tj ET Q q 0 0 0 rg BT 167.44 554.82 Td (dioxide.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 535.82 Td (EOR) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 535.82 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 178.19 535.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 192.02 535.82 Td (recovery) Tj ET Q q 0 0 0 rg BT 226.67 535.82 Td (. ) Tj ET Q q 0 0 0 rg BT 232.11 535.82 Td ( ) Tj ET Q q 0 0 0 rg BT 235.38 535.82 Td (In ) Tj ET Q q 0 0 0 rg BT 246.98 535.82 Td (the ) Tj ET Q q 0 0 0 rg BT 262.47 535.82 Td (context ) Tj ET Q q 0 0 0 rg BT 295.17 535.82 Td (of ) Tj ET Q q 0 0 0 rg BT 306.77 535.82 Td (our ) Tj ET Q q 0 0 0 rg BT 323.37 535.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 337.19 535.82 Td (and ) Tj ET Q q 0 0 0 rg BT 354.90 535.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 385.93 535.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 402.53 535.82 Td (production, ) Tj ET Q q 0 0 0 rg BT 451.63 535.82 Td (EOR ) Tj ET Q q 0 0 0 rg BT 474.90 535.82 Td (is ) Tj ET Q q 0 0 0 rg BT 484.84 535.82 Td (also ) Tj ET Q q 0 0 0 rg BT 504.21 535.82 Td (referred ) Tj ET Q q 0 0 0 rg BT 539.12 535.82 Td (to ) Tj ET Q q 0 0 0 rg BT 550.17 535.82 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 525.82 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 166.87 525.82 Td (recovery) Tj ET Q q 0 0 0 rg BT 201.52 525.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 506.82 Td (Finding and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.82 Td (development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 506.82 Td (The ) Tj ET Q q 0 0 0 rg BT 153.98 506.82 Td (average ) Tj ET Q q 0 0 0 rg BT 188.00 506.82 Td (cost ) Tj ET Q q 0 0 0 rg BT 207.05 506.82 Td (per ) Tj ET Q q 0 0 0 rg BT 222.76 506.82 Td (BOE ) Tj ET Q q 0 0 0 rg BT 245.69 506.82 Td (to ) Tj ET Q q 0 0 0 rg BT 256.41 506.82 Td (find ) Tj ET Q q 0 0 0 rg BT 275.45 506.82 Td (and ) Tj ET Q q 0 0 0 rg BT 292.83 506.82 Td (develop ) Tj ET Q q 0 0 0 rg BT 327.42 506.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 358.13 506.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 393.82 506.82 Td (during ) Tj ET Q q 0 0 0 rg BT 422.87 506.82 Td (a ) Tj ET Q q 0 0 0 rg BT 430.24 506.82 Td (given ) Tj ET Q q 0 0 0 rg BT 455.40 506.82 Td (period. ) Tj ET Q q 0 0 0 rg BT 486.38 506.82 Td (It ) Tj ET Q q 0 0 0 rg BT 495.43 506.82 Td (is ) Tj ET Q q 0 0 0 rg BT 505.03 506.82 Td (calculated ) Tj ET Q q 0 0 0 rg BT 548.50 506.82 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 496.82 Td (dividing ) Tj ET Q q 0 0 0 rg BT 172.00 496.82 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 186.27 496.82 Td (costs, ) Tj ET Q q 0 0 0 rg BT 211.94 496.82 Td (which ) Tj ET Q q 0 0 0 rg BT 239.55 496.82 Td (include ) Tj ET Q q 0 0 0 rg BT 272.15 496.82 Td (the ) Tj ET Q q 0 0 0 rg BT 287.54 496.82 Td (sum ) Tj ET Q q 0 0 0 rg BT 307.38 496.82 Td (of ) Tj ET Q q 0 0 0 rg BT 318.87 496.82 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 331.48 496.82 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 496.82 Td (total ) Tj ET Q q 0 0 0 rg BT 367.81 496.82 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 417.36 496.82 Td (exploration ) Tj ET Q q 0 0 0 rg BT 466.07 496.82 Td (and ) Tj ET Q q 0 0 0 rg BT 483.68 496.82 Td (development ) Tj ET Q q 0 0 0 rg BT 538.50 496.82 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 486.82 Td (incurred ) Tj ET Q q 0 0 0 rg BT 172.37 486.82 Td (during ) Tj ET Q q 0 0 0 rg BT 202.04 486.82 Td (the ) Tj ET Q q 0 0 0 rg BT 217.81 486.82 Td (period ) Tj ET Q q 0 0 0 rg BT 246.92 486.82 Td (plus ) Tj ET Q q 0 0 0 rg BT 267.14 486.82 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 282.92 486.82 Td (future ) Tj ET Q q 0 0 0 rg BT 310.35 486.82 Td (development ) Tj ET Q q 0 0 0 rg BT 365.56 486.82 Td (and ) Tj ET Q q 0 0 0 rg BT 383.55 486.82 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 440.98 486.82 Td (costs ) Tj ET Q q 0 0 0 rg BT 464.54 486.82 Td (related ) Tj ET Q q 0 0 0 rg BT 495.30 486.82 Td (to ) Tj ET Q q 0 0 0 rg BT 506.64 486.82 Td (the ) Tj ET Q q 0 0 0 rg BT 522.41 486.82 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 476.82 Td (property ) Tj ET Q q 0 0 0 rg BT 171.90 476.82 Td (or ) Tj ET Q q 0 0 0 rg BT 182.75 476.82 Td (group ) Tj ET Q q 0 0 0 rg BT 208.60 476.82 Td (of ) Tj ET Q q 0 0 0 rg BT 219.45 476.82 Td (properties, ) Tj ET Q q 0 0 0 rg BT 264.45 476.82 Td (by ) Tj ET Q q 0 0 0 rg BT 276.97 476.82 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 291.15 476.82 Td (the ) Tj ET Q q 0 0 0 rg BT 305.89 476.82 Td (sum ) Tj ET Q q 0 0 0 rg BT 325.08 476.82 Td (of ) Tj ET Q q 0 0 0 rg BT 335.92 476.82 Td (\(i\)the ) Tj ET Q q 0 0 0 rg BT 362.60 476.82 Td (change ) Tj ET Q q 0 0 0 rg BT 393.43 476.82 Td (in ) Tj ET Q q 0 0 0 rg BT 403.73 476.82 Td (total ) Tj ET Q q 0 0 0 rg BT 424.03 476.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 454.31 476.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 489.59 476.82 Td (during ) Tj ET Q q 0 0 0 rg BT 518.22 476.82 Td (the ) Tj ET Q q 0 0 0 rg BT 532.96 476.82 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 466.82 Td (plus ) Tj ET Q q 0 0 0 rg BT 154.67 466.82 Td (\(ii\)total ) Tj ET Q q 0 0 0 rg BT 189.66 466.82 Td (production ) Tj ET Q q 0 0 0 rg BT 235.49 466.82 Td (during ) Tj ET Q q 0 0 0 rg BT 264.09 466.82 Td (that ) Tj ET Q q 0 0 0 rg BT 281.59 466.82 Td (period.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.82 Td (GAAP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 447.82 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 184.66 447.82 Td (principles ) Tj ET Q q 0 0 0 rg BT 226.59 447.82 Td (generally ) Tj ET Q q 0 0 0 rg BT 266.29 447.82 Td (accepted ) Tj ET Q q 0 0 0 rg BT 303.76 447.82 Td (in ) Tj ET Q q 0 0 0 rg BT 314.04 447.82 Td (the ) Tj ET Q q 0 0 0 rg BT 328.76 447.82 Td (United ) Tj ET Q q 0 0 0 rg BT 358.47 447.82 Td (States ) Tj ET Q q 0 0 0 rg BT 384.86 447.82 Td (of ) Tj ET Q q 0 0 0 rg BT 395.41 447.82 Td (America.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 428.82 Td (MBbls) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 428.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 428.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 428.82 Td (barrels ) Tj ET Q q 0 0 0 rg BT 222.98 428.82 Td (of ) Tj ET Q q 0 0 0 rg BT 233.81 428.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 258.51 428.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.57 428.82 Td (or ) Tj ET Q q 0 0 0 rg BT 282.40 428.82 Td (other ) Tj ET Q q 0 0 0 rg BT 305.45 428.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 331.28 428.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.82 Td (MBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 409.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 409.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 409.82 Td (BOEs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 390.82 Td (Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 390.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.95 390.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.85 390.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 218.29 390.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 236.07 390.82 Td (of ) Tj ET Q q 0 0 0 rg BT 247.19 390.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 277.74 390.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 293.86 390.82 Td (or ) Tj ET Q q 0 0 0 rg BT 304.98 390.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 318.87 389.39 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.93 390.82 Td (at ) Tj ET Q q 0 0 0 rg BT 333.94 390.82 Td (a ) Tj ET Q q 0 0 0 rg BT 341.17 390.82 Td (temperature ) Tj ET Q q 0 0 0 rg BT 391.71 390.82 Td (base ) Tj ET Q q 0 0 0 rg BT 412.26 390.82 Td (of ) Tj ET Q q 0 0 0 rg BT 423.38 390.82 Td (60 ) Tj ET Q q 0 0 0 rg BT 436.17 390.82 Td (degrees ) Tj ET Q q 0 0 0 rg BT 469.50 390.82 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 515.05 390.82 Td (\(F\) ) Tj ET Q q 0 0 0 rg BT 534.06 390.82 Td (and ) Tj ET Q q 0 0 0 rg BT 551.29 390.82 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 380.82 Td (the ) Tj ET Q q 0 0 0 rg BT 150.31 380.82 Td (legal ) Tj ET Q q 0 0 0 rg BT 172.33 380.82 Td (pressure ) Tj ET Q q 0 0 0 rg BT 208.25 380.82 Td (base ) Tj ET Q q 0 0 0 rg BT 228.61 380.82 Td (\(14.65 ) Tj ET Q q 0 0 0 rg BT 257.03 380.82 Td (to ) Tj ET Q q 0 0 0 rg BT 267.40 380.82 Td (15.025 ) Tj ET Q q 0 0 0 rg BT 297.49 380.82 Td (pounds ) Tj ET Q q 0 0 0 rg BT 328.97 380.82 Td (per ) Tj ET Q q 0 0 0 rg BT 344.33 380.82 Td (square ) Tj ET Q q 0 0 0 rg BT 373.02 380.82 Td (inch ) Tj ET Q q 0 0 0 rg BT 392.83 380.82 Td (absolute\) ) Tj ET Q q 0 0 0 rg BT 432.08 380.82 Td (of ) Tj ET Q q 0 0 0 rg BT 443.00 380.82 Td (the ) Tj ET Q q 0 0 0 rg BT 457.81 380.82 Td (state ) Tj ET Q q 0 0 0 rg BT 478.73 380.82 Td (or ) Tj ET Q q 0 0 0 rg BT 489.65 380.82 Td (area ) Tj ET Q q 0 0 0 rg BT 508.89 380.82 Td (in ) Tj ET Q q 0 0 0 rg BT 519.26 380.82 Td (which ) Tj ET Q q 0 0 0 rg BT 546.29 380.82 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 370.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 170.76 370.82 Td (are ) Tj ET Q q 0 0 0 rg BT 185.47 370.82 Td (located ) Tj ET Q q 0 0 0 rg BT 216.84 370.82 Td (or ) Tj ET Q q 0 0 0 rg BT 227.67 370.82 Td (sales ) Tj ET Q q 0 0 0 rg BT 249.61 370.82 Td (are ) Tj ET Q q 0 0 0 rg BT 264.31 370.82 Td (made.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 351.82 Td (Mcf/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 351.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 351.82 Td (thousand ) Tj ET Q q 0 0 0 rg BT 193.27 351.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 217.42 351.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 234.91 351.82 Td (of ) Tj ET Q q 0 0 0 rg BT 245.74 351.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 276.00 351.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.83 351.82 Td (or ) Tj ET Q q 0 0 0 rg BT 302.66 351.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 316.55 350.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 351.82 Td ( ) Tj ET Q q 0 0 0 rg BT 322.30 351.82 Td (per ) Tj ET Q q 0 0 0 rg BT 337.57 351.82 Td (day) Tj ET Q q 0 0 0 rg BT 351.36 351.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 332.82 Td (MMBbls) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 332.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 332.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 332.82 Td (barrels ) Tj ET Q q 0 0 0 rg BT 215.76 332.82 Td (of ) Tj ET Q q 0 0 0 rg BT 226.59 332.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 251.30 332.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 264.35 332.82 Td (or ) Tj ET Q q 0 0 0 rg BT 275.18 332.82 Td (other ) Tj ET Q q 0 0 0 rg BT 298.23 332.82 Td (liquid ) Tj ET Q q 0 0 0 rg BT 324.06 332.82 Td (hydrocarbons.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 313.82 Td (MMBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 313.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 313.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 313.82 Td (BOEs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 294.82 Td (MMBtu) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 294.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 294.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 294.82 Td (Btus.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 275.82 Td (MMcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 275.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 275.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 275.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 210.21 275.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 227.69 275.82 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 275.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 268.79 275.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.62 275.82 Td (or ) Tj ET Q q 0 0 0 rg BT 295.45 275.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.34 274.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.59 275.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 256.82 Td (MMcf/d) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 256.82 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 256.82 Td (million ) Tj ET Q q 0 0 0 rg BT 186.05 256.82 Td (cubic ) Tj ET Q q 0 0 0 rg BT 210.21 256.82 Td (feet ) Tj ET Q q 0 0 0 rg BT 227.69 256.82 Td (of ) Tj ET Q q 0 0 0 rg BT 238.52 256.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 268.79 256.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.62 256.82 Td (or ) Tj ET Q q 0 0 0 rg BT 295.45 256.82 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 309.34 255.39 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.59 256.82 Td ( ) Tj ET Q q 0 0 0 rg BT 315.09 256.82 Td (produced ) Tj ET Q q 0 0 0 rg BT 354.79 256.82 Td (per ) Tj ET Q q 0 0 0 rg BT 370.06 256.82 Td (day) Tj ET Q q 0 0 0 rg BT 383.85 256.82 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 237.82 Td (Noncash fair value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 227.82 Td (gains \(losses\) on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 217.82 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 207.82 Td (derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 237.82 Td (The ) Tj ET Q q 0 0 0 rg BT 153.31 237.82 Td (net ) Tj ET Q q 0 0 0 rg BT 167.78 237.82 Td (change ) Tj ET Q q 0 0 0 rg BT 198.36 237.82 Td (during ) Tj ET Q q 0 0 0 rg BT 226.73 237.82 Td (the ) Tj ET Q q 0 0 0 rg BT 241.20 237.82 Td (period ) Tj ET Q q 0 0 0 rg BT 269.01 237.82 Td (in ) Tj ET Q q 0 0 0 rg BT 279.05 237.82 Td (the ) Tj ET Q q 0 0 0 rg BT 293.52 237.82 Td (fair ) Tj ET Q q 0 0 0 rg BT 309.66 237.82 Td (market ) Tj ET Q q 0 0 0 rg BT 339.68 237.82 Td (value ) Tj ET Q q 0 0 0 rg BT 363.60 237.82 Td (of ) Tj ET Q q 0 0 0 rg BT 374.19 237.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 422.00 237.82 Td (derivative ) Tj ET Q q 0 0 0 rg BT 464.24 237.82 Td (positions. ) Tj ET Q q 0 0 0 rg BT 505.12 237.82 Td ( ) Tj ET Q q 0 0 0 rg BT 507.38 237.82 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 544.63 237.82 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 227.82 Td (value ) Tj ET Q q 0 0 0 rg BT 160.36 227.82 Td (gains ) Tj ET Q q 0 0 0 rg BT 184.67 227.82 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 218.42 227.82 Td (on ) Tj ET Q q 0 0 0 rg BT 231.62 227.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 280.38 227.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 327.45 227.82 Td (is ) Tj ET Q q 0 0 0 rg BT 337.32 227.82 Td (a ) Tj ET Q q 0 0 0 rg BT 344.96 227.82 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 390.15 227.82 Td ( ) Tj ET Q q 0 0 0 rg BT 393.35 227.82 Td (measure ) Tj ET Q q 0 0 0 rg BT 429.87 227.82 Td (and ) Tj ET Q q 0 0 0 rg BT 447.51 227.82 Td (makes ) Tj ET Q q 0 0 0 rg BT 476.26 227.82 Td (up ) Tj ET Q q 0 0 0 rg BT 489.46 227.82 Td (only ) Tj ET Q q 0 0 0 rg BT 510.44 227.82 Td (a ) Tj ET Q q 0 0 0 rg BT 518.08 227.82 Td (portion ) Tj ET Q q 0 0 0 rg BT 550.17 227.82 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 217.82 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 189.56 217.82 Td (expense ) Tj ET Q q 0 0 0 rg BT 225.29 217.82 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 269.34 217.82 Td (in ) Tj ET Q q 0 0 0 rg BT 280.65 217.82 Td (the ) Tj ET Q q 0 0 0 rg BT 296.39 217.82 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 352.69 217.82 Td (Statements ) Tj ET Q q 0 0 0 rg BT 400.09 217.82 Td (of ) Tj ET Q q 0 0 0 rg BT 411.95 217.82 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 461.85 217.82 Td (which ) Tj ET Q q 0 0 0 rg BT 489.81 217.82 Td (also ) Tj ET Q q 0 0 0 rg BT 509.44 217.82 Td (includes ) Tj ET Q q 0 0 0 rg BT 546.29 217.82 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 207.82 Td (impact ) Tj ET Q q 0 0 0 rg BT 167.60 207.82 Td (of ) Tj ET Q q 0 0 0 rg BT 180.82 207.82 Td (settlements ) Tj ET Q q 0 0 0 rg BT 230.70 207.82 Td (on ) Tj ET Q q 0 0 0 rg BT 245.59 207.82 Td (commodity ) Tj ET Q q 0 0 0 rg BT 296.04 207.82 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 344.80 207.82 Td (during ) Tj ET Q q 0 0 0 rg BT 375.80 207.82 Td (the ) Tj ET Q q 0 0 0 rg BT 392.91 207.82 Td (period. ) Tj ET Q q 0 0 0 rg BT 425.84 207.82 Td ( ) Tj ET Q q 0 0 0 rg BT 430.73 207.82 Td (Its ) Tj ET Q q 0 0 0 rg BT 445.63 207.82 Td (use ) Tj ET Q q 0 0 0 rg BT 463.85 207.82 Td (is ) Tj ET Q q 0 0 0 rg BT 475.41 207.82 Td (further ) Tj ET Q q 0 0 0 rg BT 507.50 207.82 Td (discussed ) Tj ET Q q 0 0 0 rg BT 550.72 207.82 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.50 197.81 Td (Management) Tj ET Q q 0 0 0 rg BT 189.75 197.81 Td (s ) Tj ET Q q 0 0 0 rg BT 197.28 197.81 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 244.82 197.81 Td (and ) Tj ET Q q 0 0 0 rg BT 263.20 197.81 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 300.73 197.81 Td (of ) Tj ET Q q 0 0 0 rg BT 312.15 197.81 Td (Financial ) Tj ET Q q 0 0 0 rg BT 354.67 197.81 Td (Condition ) Tj ET Q q 0 0 0 rg BT 398.32 197.81 Td (and ) Tj ET Q q 0 0 0 rg BT 416.96 197.81 Td (Results ) Tj ET Q q 0 0 0 rg BT 449.49 197.81 Td (of ) Tj ET Q q 0 0 0 rg BT 460.91 197.81 Td (Operations ) Tj ET Q q 0 0 0 rg BT 509.55 197.81 Td ( ) Tj ET Q q 0 0 0 rg BT 518.20 197.81 Td (Results ) Tj ET Q q 0 0 0 rg BT 550.73 197.81 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.50 187.81 Td (Operations ) Tj ET Q q 0 0 0 rg BT 183.00 187.81 Td ( ) Tj ET Q q 0 0 0 rg BT 190.50 187.81 Td (Operating ) Tj ET Q q 0 0 0 rg BT 234.11 187.81 Td (Results ) Tj ET Q q 0 0 0 rg BT 265.50 187.81 Td (T) Tj ET Q q 0 0 0 rg BT 270.14 187.81 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.36 187.81 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 168.82 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 168.82 Td (The ) Tj ET Q q 0 0 0 rg BT 154.56 168.82 Td (New ) Tj ET Q q 0 0 0 rg BT 176.61 168.82 Td (Y) Tj ET Q q 0 0 0 rg BT 183.15 168.82 Td (ork ) Tj ET Q q 0 0 0 rg BT 199.49 168.82 Td (Mercantile ) Tj ET Q q 0 0 0 rg BT 246.31 168.82 Td (Exchange. ) Tj ET Q q 0 0 0 rg BT 291.74 168.82 Td ( ) Tj ET Q q 0 0 0 rg BT 295.25 168.82 Td (In ) Tj ET Q q 0 0 0 rg BT 307.09 168.82 Td (the ) Tj ET Q q 0 0 0 rg BT 322.82 168.82 Td (context ) Tj ET Q q 0 0 0 rg BT 355.76 168.82 Td (of ) Tj ET Q q 0 0 0 rg BT 367.60 168.82 Td (our ) Tj ET Q q 0 0 0 rg BT 384.44 168.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.51 168.82 Td (and ) Tj ET Q q 0 0 0 rg BT 416.46 168.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 447.73 168.82 Td (gas ) Tj ET Q q 0 0 0 rg BT 464.57 168.82 Td (sales, ) Tj ET Q q 0 0 0 rg BT 490.02 168.82 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 530.19 168.82 Td (pricing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 158.82 Td (represents ) Tj ET Q q 0 0 0 rg BT 178.41 158.82 Td (the ) Tj ET Q q 0 0 0 rg BT 192.92 158.82 Td (W) Tj ET Q q 0 0 0 rg BT 201.87 158.82 Td (est ) Tj ET Q q 0 0 0 rg BT 214.87 158.82 Td (T) Tj ET Q q 0 0 0 rg BT 220.54 158.82 Td (exas ) Tj ET Q q 0 0 0 rg BT 240.33 158.82 Td (Intermediate ) Tj ET Q q 0 0 0 rg BT 293.23 158.82 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 340.03 158.82 Td (price ) Tj ET Q q 0 0 0 rg BT 362.38 158.82 Td (for ) Tj ET Q q 0 0 0 rg BT 376.42 158.82 Td (crude ) Tj ET Q q 0 0 0 rg BT 401.00 158.82 Td (oil ) Tj ET Q q 0 0 0 rg BT 413.93 158.82 Td (and ) Tj ET Q q 0 0 0 rg BT 430.74 158.82 Td (Henry ) Tj ET Q q 0 0 0 rg BT 458.10 158.82 Td (Hub ) Tj ET Q q 0 0 0 rg BT 477.70 158.82 Td (benchmark ) Tj ET Q q 0 0 0 rg BT 524.49 158.82 Td (price ) Tj ET Q q 0 0 0 rg BT 546.85 158.82 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 148.82 Td (natural ) Tj ET Q q 0 0 0 rg BT 165.76 148.82 Td (gas.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 129.82 Td (Probable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 119.82 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 129.82 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 173.46 129.82 Td (that ) Tj ET Q q 0 0 0 rg BT 190.32 129.82 Td (are ) Tj ET Q q 0 0 0 rg BT 204.40 129.82 Td (less ) Tj ET Q q 0 0 0 rg BT 221.26 129.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 250.33 129.82 Td (to ) Tj ET Q q 0 0 0 rg BT 259.97 129.82 Td (be ) Tj ET Q q 0 0 0 rg BT 271.28 129.82 Td (recovered ) Tj ET Q q 0 0 0 rg BT 312.56 129.82 Td (than ) Tj ET Q q 0 0 0 rg BT 331.64 129.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 361.27 129.82 Td (reserves ) Tj ET Q q 0 0 0 rg BT 395.90 129.82 Td (but ) Tj ET Q q 0 0 0 rg BT 410.54 129.82 Td (which, ) Tj ET Q q 0 0 0 rg BT 439.34 129.82 Td (together ) Tj ET Q q 0 0 0 rg BT 473.97 129.82 Td (with ) Tj ET Q q 0 0 0 rg BT 493.62 129.82 Td (proved ) Tj ET Q q 0 0 0 rg BT 523.25 129.82 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 119.82 Td (are ) Tj ET Q q 0 0 0 rg BT 150.21 119.82 Td (as ) Tj ET Q q 0 0 0 rg BT 161.04 119.82 Td (likely ) Tj ET Q q 0 0 0 rg BT 186.31 119.82 Td (as ) Tj ET Q q 0 0 0 rg BT 197.14 119.82 Td (not ) Tj ET Q q 0 0 0 rg BT 212.42 119.82 Td (to ) Tj ET Q q 0 0 0 rg BT 222.70 119.82 Td (be ) Tj ET Q q 0 0 0 rg BT 234.64 119.82 Td (recovered.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 100.82 Td (Proved Developed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 90.82 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 100.82 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 173.51 100.82 Td (that ) Tj ET Q q 0 0 0 rg BT 190.42 100.82 Td (can ) Tj ET Q q 0 0 0 rg BT 206.21 100.82 Td (be ) Tj ET Q q 0 0 0 rg BT 217.56 100.82 Td (expected ) Tj ET Q q 0 0 0 rg BT 255.01 100.82 Td (to ) Tj ET Q q 0 0 0 rg BT 264.70 100.82 Td (be ) Tj ET Q q 0 0 0 rg BT 276.05 100.82 Td (recovered ) Tj ET Q q 0 0 0 rg BT 317.38 100.82 Td (through ) Tj ET Q q 0 0 0 rg BT 350.40 100.82 Td (existing ) Tj ET Q q 0 0 0 rg BT 383.98 100.82 Td (wells ) Tj ET Q q 0 0 0 rg BT 407.00 100.82 Td (with ) Tj ET Q q 0 0 0 rg BT 426.69 100.82 Td (existing ) Tj ET Q q 0 0 0 rg BT 460.27 100.82 Td (equipment ) Tj ET Q q 0 0 0 rg BT 504.39 100.82 Td (and ) Tj ET Q q 0 0 0 rg BT 520.74 100.82 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 90.82 Td (methods.) Tj ET Q endstream endobj 9 0 obj <> endobj 10 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 722.57 Td (Proved Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 722.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 174.36 722.57 Td (that ) Tj ET Q q 0 0 0 rg BT 192.13 722.57 Td (geological ) Tj ET Q q 0 0 0 rg BT 236.54 722.57 Td (and ) Tj ET Q q 0 0 0 rg BT 253.75 722.57 Td (engineering ) Tj ET Q q 0 0 0 rg BT 303.72 722.57 Td (data ) Tj ET Q q 0 0 0 rg BT 323.14 722.57 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 374.77 722.57 Td (with ) Tj ET Q q 0 0 0 rg BT 395.32 722.57 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 440.84 722.57 Td (certainty ) Tj ET Q q 0 0 0 rg BT 478.59 722.57 Td (to ) Tj ET Q q 0 0 0 rg BT 489.13 722.57 Td (be ) Tj ET Q q 0 0 0 rg BT 501.33 722.57 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 550.73 722.57 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 712.57 Td (future ) Tj ET Q q 0 0 0 rg BT 161.88 712.57 Td (years ) Tj ET Q q 0 0 0 rg BT 185.48 712.57 Td (from ) Tj ET Q q 0 0 0 rg BT 207.41 712.57 Td (known ) Tj ET Q q 0 0 0 rg BT 237.14 712.57 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 279.06 712.57 Td (under ) Tj ET Q q 0 0 0 rg BT 304.33 712.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 338.50 712.57 Td (economic ) Tj ET Q q 0 0 0 rg BT 379.87 712.57 Td (and ) Tj ET Q q 0 0 0 rg BT 396.81 712.57 Td (operating ) Tj ET Q q 0 0 0 rg BT 437.07 712.57 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 693.57 Td (Proved) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 683.57 Td (Undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 673.57 Td (Reserves*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 693.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 174.12 693.57 Td (that ) Tj ET Q q 0 0 0 rg BT 191.64 693.57 Td (are ) Tj ET Q q 0 0 0 rg BT 206.37 693.57 Td (expected ) Tj ET Q q 0 0 0 rg BT 244.43 693.57 Td (to ) Tj ET Q q 0 0 0 rg BT 254.73 693.57 Td (be ) Tj ET Q q 0 0 0 rg BT 266.69 693.57 Td (recovered ) Tj ET Q q 0 0 0 rg BT 308.63 693.57 Td (from ) Tj ET Q q 0 0 0 rg BT 330.59 693.57 Td (new ) Tj ET Q q 0 0 0 rg BT 349.77 693.57 Td (wells ) Tj ET Q q 0 0 0 rg BT 373.41 693.57 Td (on ) Tj ET Q q 0 0 0 rg BT 385.93 693.57 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 424.56 693.57 Td (acreage ) Tj ET Q q 0 0 0 rg BT 457.60 693.57 Td (or ) Tj ET Q q 0 0 0 rg BT 468.46 693.57 Td (from ) Tj ET Q q 0 0 0 rg BT 490.42 693.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 524.61 693.57 Td (wells, ) Tj ET Q q 0 0 0 rg BT 550.74 693.57 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 683.57 Td (each ) Tj ET Q q 0 0 0 rg BT 156.32 683.57 Td (case ) Tj ET Q q 0 0 0 rg BT 176.02 683.57 Td (where ) Tj ET Q q 0 0 0 rg BT 202.95 683.57 Td (a ) Tj ET Q q 0 0 0 rg BT 209.89 683.57 Td (relatively ) Tj ET Q q 0 0 0 rg BT 250.15 683.57 Td (major ) Tj ET Q q 0 0 0 rg BT 275.97 683.57 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 325.68 683.57 Td (is ) Tj ET Q q 0 0 0 rg BT 334.85 683.57 Td (required.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (PV-10 Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 654.57 Td (The ) Tj ET Q q 0 0 0 rg BT 153.00 654.57 Td (estimated ) Tj ET Q q 0 0 0 rg BT 193.27 654.57 Td (future ) Tj ET Q q 0 0 0 rg BT 219.10 654.57 Td (gross ) Tj ET Q q 0 0 0 rg BT 242.16 654.57 Td (revenue ) Tj ET Q q 0 0 0 rg BT 275.76 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 285.49 654.57 Td (be ) Tj ET Q q 0 0 0 rg BT 296.87 654.57 Td (generated ) Tj ET Q q 0 0 0 rg BT 337.69 654.57 Td (from ) Tj ET Q q 0 0 0 rg BT 359.08 654.57 Td (the ) Tj ET Q q 0 0 0 rg BT 373.24 654.57 Td (production ) Tj ET Q q 0 0 0 rg BT 418.52 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.80 654.57 Td (proved ) Tj ET Q q 0 0 0 rg BT 458.52 654.57 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 495.73 654.57 Td (net ) Tj ET Q q 0 0 0 rg BT 509.90 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.18 654.57 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 644.57 Td (future ) Tj ET Q q 0 0 0 rg BT 161.99 644.57 Td (production, ) Tj ET Q q 0 0 0 rg BT 210.43 644.57 Td (development ) Tj ET Q q 0 0 0 rg BT 264.69 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 281.74 644.57 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 338.22 644.57 Td (costs, ) Tj ET Q q 0 0 0 rg BT 363.34 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 380.39 644.57 Td (before ) Tj ET Q q 0 0 0 rg BT 408.54 644.57 Td (income ) Tj ET Q q 0 0 0 rg BT 440.58 644.57 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 466.24 644.57 Td (discounted ) Tj ET Q q 0 0 0 rg BT 512.18 644.57 Td (to ) Tj ET Q q 0 0 0 rg BT 522.57 644.57 Td (a ) Tj ET Q q 0 0 0 rg BT 529.62 644.57 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 634.57 Td (value ) Tj ET Q q 0 0 0 rg BT 159.17 634.57 Td (using ) Tj ET Q q 0 0 0 rg BT 182.86 634.57 Td (an ) Tj ET Q q 0 0 0 rg BT 194.31 634.57 Td (annual ) Tj ET Q q 0 0 0 rg BT 222.99 634.57 Td (discount ) Tj ET Q q 0 0 0 rg BT 258.89 634.57 Td (rate ) Tj ET Q q 0 0 0 rg BT 275.89 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 286.24 634.57 Td (10%. ) Tj ET Q q 0 0 0 rg BT 309.08 634.57 Td ( ) Tj ET Q q 0 0 0 rg BT 311.10 634.57 Td (PV) Tj ET Q q 0 0 0 rg BT 322.97 634.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 338.17 634.57 Td (V) Tj ET Q q 0 0 0 rg BT 344.28 634.57 Td (alues ) Tj ET Q q 0 0 0 rg BT 366.84 634.57 Td (were ) Tj ET Q q 0 0 0 rg BT 388.29 634.57 Td (prepared ) Tj ET Q q 0 0 0 rg BT 425.28 634.57 Td (using ) Tj ET Q q 0 0 0 rg BT 448.97 634.57 Td (average ) Tj ET Q q 0 0 0 rg BT 482.07 634.57 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 534.62 634.57 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 624.57 Td (equal ) Tj ET Q q 0 0 0 rg BT 159.37 624.57 Td (to ) Tj ET Q q 0 0 0 rg BT 169.36 624.57 Td (the ) Tj ET Q q 0 0 0 rg BT 183.79 624.57 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 232.65 624.57 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 275.40 624.57 Td (average ) Tj ET Q q 0 0 0 rg BT 308.70 624.57 Td (of ) Tj ET Q q 0 0 0 rg BT 319.24 624.57 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 371.99 624.57 Td (prices ) Tj ET Q q 0 0 0 rg BT 398.08 624.57 Td (on ) Tj ET Q q 0 0 0 rg BT 410.29 624.57 Td (the ) Tj ET Q q 0 0 0 rg BT 424.72 624.57 Td (first ) Tj ET Q q 0 0 0 rg BT 443.04 624.57 Td (day ) Tj ET Q q 0 0 0 rg BT 459.69 624.57 Td (of ) Tj ET Q q 0 0 0 rg BT 470.23 624.57 Td (each ) Tj ET Q q 0 0 0 rg BT 490.76 624.57 Td (month ) Tj ET Q q 0 0 0 rg BT 518.53 624.57 Td (within ) Tj ET Q q 0 0 0 rg BT 546.30 624.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 614.57 Td (12-month ) Tj ET Q q 0 0 0 rg BT 176.80 614.57 Td (period ) Tj ET Q q 0 0 0 rg BT 204.75 614.57 Td (preceding ) Tj ET Q q 0 0 0 rg BT 246.59 614.57 Td (the ) Tj ET Q q 0 0 0 rg BT 261.21 614.57 Td (reporting ) Tj ET Q q 0 0 0 rg BT 300.28 614.57 Td (date.PV) Tj ET Q q 0 0 0 rg BT 336.30 614.57 Td (-10 ) Tj ET Q q 0 0 0 rg BT 351.86 614.57 Td (V) Tj ET Q q 0 0 0 rg BT 357.98 614.57 Td (alue ) Tj ET Q q 0 0 0 rg BT 377.04 614.57 Td (is ) Tj ET Q q 0 0 0 rg BT 386.12 614.57 Td (a ) Tj ET Q q 0 0 0 rg BT 392.97 614.57 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 438.16 614.57 Td ( ) Tj ET Q q 0 0 0 rg BT 440.56 614.57 Td (measure ) Tj ET Q q 0 0 0 rg BT 476.29 614.57 Td (and ) Tj ET Q q 0 0 0 rg BT 493.14 614.57 Td (does ) Tj ET Q q 0 0 0 rg BT 513.88 614.57 Td (not ) Tj ET Q q 0 0 0 rg BT 529.07 614.57 Td (purport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 604.57 Td (to ) Tj ET Q q 0 0 0 rg BT 145.49 604.57 Td (represent ) Tj ET Q q 0 0 0 rg BT 184.35 604.57 Td (the ) Tj ET Q q 0 0 0 rg BT 198.78 604.57 Td (fair ) Tj ET Q q 0 0 0 rg BT 214.87 604.57 Td (value ) Tj ET Q q 0 0 0 rg BT 238.74 604.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.28 604.57 Td (our ) Tj ET Q q 0 0 0 rg BT 264.83 604.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 277.60 604.57 Td (and ) Tj ET Q q 0 0 0 rg BT 294.25 604.57 Td (natural ) Tj ET Q q 0 0 0 rg BT 324.23 604.57 Td (gas ) Tj ET Q q 0 0 0 rg BT 339.77 604.57 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 377.52 604.57 Td (its ) Tj ET Q q 0 0 0 rg BT 389.18 604.57 Td (use ) Tj ET Q q 0 0 0 rg BT 404.72 604.57 Td (is ) Tj ET Q q 0 0 0 rg BT 413.61 604.57 Td (further ) Tj ET Q q 0 0 0 rg BT 443.03 604.57 Td (discussed ) Tj ET Q q 0 0 0 rg BT 483.57 604.57 Td (in ) Tj ET Q q 0 0 0 rg BT 493.56 604.57 Td (footnote ) Tj ET Q q 0 0 0 rg BT 529.10 604.57 Td (4 ) Tj ET Q q 0 0 0 rg BT 536.32 604.57 Td (to ) Tj ET Q q 0 0 0 rg BT 546.31 604.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 594.57 Td (table ) Tj ET Q q 0 0 0 rg BT 157.93 594.57 Td (included ) Tj ET Q q 0 0 0 rg BT 195.37 594.57 Td (in ) Tj ET Q q 0 0 0 rg BT 206.14 594.57 Td (Item ) Tj ET Q q 0 0 0 rg BT 227.47 594.57 Td (1, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 237.97 594.57 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 280.96 594.57 Td (Net ) Tj ET Q q 0 0 0 rg BT 297.85 594.57 Td (Quantities ) Tj ET Q q 0 0 0 rg BT 342.51 594.57 Td (of ) Tj ET Q q 0 0 0 rg BT 353.29 594.57 Td (Pr) Tj ET Q q 0 0 0 rg BT 362.92 594.57 Td (oved ) Tj ET Q q 0 0 0 rg BT 384.80 594.57 Td (Oil ) Tj ET Q q 0 0 0 rg BT 400.57 594.57 Td (and ) Tj ET Q q 0 0 0 rg BT 418.57 594.57 Td (Natural ) Tj ET Q q 0 0 0 rg BT 452.69 594.57 Td (Gas ) Tj ET Q q 0 0 0 rg BT 471.80 594.57 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 510.34 594.57 Td (and ) Tj ET Q q 0 0 0 rg BT 528.34 594.57 Td (Pr) Tj ET Q q 0 0 0 rg BT 537.97 594.57 Td (esent ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 135.50 584.56 Td (V) Tj ET Q q 0 0 0 rg BT 140.50 584.56 Td (alue ) Tj ET Q q 0 0 0 rg BT 160.22 584.56 Td (of ) Tj ET Q q 0 0 0 rg BT 170.50 584.56 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 212.99 584.56 Td (Futur) Tj ET Q q 0 0 0 rg BT 235.40 584.56 Td (e ) Tj ET Q q 0 0 0 rg BT 242.34 584.56 Td (Net ) Tj ET Q q 0 0 0 rg BT 258.72 584.56 Td (Revenues ) Tj ET Q q 0 0 0 rg BT 298.98 584.56 Td ( ) Tj ET Q q 0 0 0 rg BT 306.48 584.56 Td (Oil ) Tj ET Q q 0 0 0 rg BT 321.75 584.56 Td (and ) Tj ET Q q 0 0 0 rg BT 339.25 584.56 Td (Natural ) Tj ET Q q 0 0 0 rg BT 372.87 584.56 Td (Gas ) Tj ET Q q 0 0 0 rg BT 391.49 584.56 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 425.63 584.56 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.52 584.56 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 555.57 Td (Tcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 555.57 Td (One ) Tj ET Q q 0 0 0 rg BT 154.66 555.57 Td (trillion ) Tj ET Q q 0 0 0 rg BT 184.38 555.57 Td (cubic ) Tj ET Q q 0 0 0 rg BT 208.54 555.57 Td (feet ) Tj ET Q q 0 0 0 rg BT 226.02 555.57 Td (of ) Tj ET Q q 0 0 0 rg BT 236.85 555.57 Td (natural ) Tj ET Q q 0 0 0 rg BT 267.12 555.57 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.95 555.57 Td (or ) Tj ET Q q 0 0 0 rg BT 293.78 555.57 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 307.67 554.14 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.92 555.57 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 536.57 Td (Tertiary Recovery) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 536.57 Td (A) Tj ET Q q 0 0 0 rg BT 142.17 536.57 Td ( ) Tj ET Q q 0 0 0 rg BT 144.80 536.57 Td (term ) Tj ET Q q 0 0 0 rg BT 165.76 536.57 Td (used ) Tj ET Q q 0 0 0 rg BT 186.73 536.57 Td (to ) Tj ET Q q 0 0 0 rg BT 197.14 536.57 Td (represent ) Tj ET Q q 0 0 0 rg BT 236.42 536.57 Td (techniques ) Tj ET Q q 0 0 0 rg BT 281.82 536.57 Td (for ) Tj ET Q q 0 0 0 rg BT 296.11 536.57 Td (extracting ) Tj ET Q q 0 0 0 rg BT 338.73 536.57 Td (incremental ) Tj ET Q q 0 0 0 rg BT 388.56 536.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 401.75 536.57 Td (out ) Tj ET Q q 0 0 0 rg BT 417.16 536.57 Td (of ) Tj ET Q q 0 0 0 rg BT 428.13 536.57 Td (existing ) Tj ET Q q 0 0 0 rg BT 462.43 536.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 475.62 536.57 Td (fields ) Tj ET Q q 0 0 0 rg BT 500.47 536.57 Td (\(as ) Tj ET Q q 0 0 0 rg BT 514.76 536.57 Td (opposed ) Tj ET Q q 0 0 0 rg BT 550.73 536.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 526.57 Td (primary ) Tj ET Q q 0 0 0 rg BT 170.81 526.57 Td (and ) Tj ET Q q 0 0 0 rg BT 188.90 526.57 Td (secondary ) Tj ET Q q 0 0 0 rg BT 233.09 526.57 Td (recovery ) Tj ET Q q 0 0 0 rg BT 271.72 526.57 Td (or ) Tj ET Q q 0 0 0 rg BT 283.71 526.57 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 343.44 526.57 Td (recovery\). ) Tj ET Q q 0 0 0 rg BT 387.90 526.57 Td ( ) Tj ET Q q 0 0 0 rg BT 391.55 526.57 Td (In ) Tj ET Q q 0 0 0 rg BT 403.54 526.57 Td (the ) Tj ET Q q 0 0 0 rg BT 419.41 526.57 Td (context ) Tj ET Q q 0 0 0 rg BT 452.49 526.57 Td (of ) Tj ET Q q 0 0 0 rg BT 464.48 526.57 Td (our ) Tj ET Q q 0 0 0 rg BT 481.46 526.57 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.67 526.57 Td (and ) Tj ET Q q 0 0 0 rg BT 513.76 526.57 Td (natural ) Tj ET Q q 0 0 0 rg BT 545.18 526.57 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.50 516.57 Td (production, ) Tj ET Q q 0 0 0 rg BT 183.83 516.57 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 215.20 516.57 Td (recovery ) Tj ET Q q 0 0 0 rg BT 252.67 516.57 Td (is ) Tj ET Q q 0 0 0 rg BT 261.84 516.57 Td (also ) Tj ET Q q 0 0 0 rg BT 280.45 516.57 Td (referred ) Tj ET Q q 0 0 0 rg BT 314.59 516.57 Td (to ) Tj ET Q q 0 0 0 rg BT 324.87 516.57 Td (as ) Tj ET Q q 0 0 0 rg BT 335.70 516.57 Td (EOR.) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.50 Td (* ) Tj ET Q q 0 0 0 rg BT 56.82 483.50 Td (This definition is an abbreviated version of the complete definition set forth in Rule4-10\(a\) of Regulation S-X. For the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.50 Td (complete definition see: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.50 Td (http://www) Tj ET Q q 0 0 0 rg BT 94.41 459.50 Td (.ecfr) Tj ET Q q 0 0 0 rg BT 111.89 459.50 Td (.gov/cgi-bin/text-idx?) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.50 Td (SID=2d916841db86d079fa060fa63b08d34e&mc=true&node=se17.3.210_14_610&r) Tj ET Q q 0 0 0 rg BT 389.52 447.50 Td (gn=div8.) Tj ET Q endstream endobj 11 0 obj <> endobj 12 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.80 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 295.17 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 309.26 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 315.75 726.75 Td ( I) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 184.041015625 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item 1. Business and Pr) Tj ET Q q 0 0 0 rg BT 150.16 702.75 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (GENERAL) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.77 654.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 150.14 654.75 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 171.19 654.75 Td (a ) Tj ET Q q 0 0 0 rg BT 178.90 654.75 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 220.48 654.75 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 272.35 654.75 Td (is ) Tj ET Q q 0 0 0 rg BT 282.30 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 295.01 654.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 347.16 654.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.00 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 378.71 654.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.75 654.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 426.36 654.75 Td (company ) Tj ET Q q 0 0 0 rg BT 466.29 654.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.34 654.75 Td (254.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.84 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 513.12 654.75 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 554.18 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.51 642.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 120.96 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 134.20 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 151.33 642.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 181.78 642.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 197.79 642.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 233.24 642.75 Td (as ) Tj ET Q q 0 0 0 rg BT 244.25 642.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.27 642.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 314.04 642.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.04 642.75 Td (, ) Tj ET Q q 0 0 0 rg BT 339.22 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 350.24 642.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.36 642.75 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.69 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 398.38 642.75 Td (is ) Tj ET Q q 0 0 0 rg BT 407.73 642.75 Td (oil.Our ) Tj ET Q q 0 0 0 rg BT 444.03 642.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.37 642.75 Td (are ) Tj ET Q q 0 0 0 rg BT 503.26 642.75 Td (focused ) Tj ET Q q 0 0 0 rg BT 537.04 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 547.51 642.75 Td (two ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (key ) Tj ET Q q 0 0 0 rg BT 66.78 630.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 107.38 630.75 Td (areas: ) Tj ET Q q 0 0 0 rg BT 133.53 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.59 630.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 169.76 630.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 195.37 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 212.65 630.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 241.60 630.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 283.32 630.75 Td (regions.Our ) Tj ET Q q 0 0 0 rg BT 338.65 630.75 Td (goal ) Tj ET Q q 0 0 0 rg BT 358.71 630.75 Td (is ) Tj ET Q q 0 0 0 rg BT 368.21 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 378.83 630.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 414.42 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 429.48 630.75 Td (value ) Tj ET Q q 0 0 0 rg BT 453.97 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 465.14 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 481.31 630.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 524.13 630.75 Td (through ) Tj ET Q q 0 0 0 rg BT 558.08 630.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (combination ) Tj ET Q q 0 0 0 rg BT 102.18 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.20 618.75 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 166.16 618.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 198.29 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 215.42 618.75 Td (proven ) Tj ET Q q 0 0 0 rg BT 245.88 618.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 295.77 618.75 Td (extraction ) Tj ET Q q 0 0 0 rg BT 338.45 618.75 Td (practices, ) Tj ET Q q 0 0 0 rg BT 379.17 618.75 Td (with ) Tj ET Q q 0 0 0 rg BT 399.64 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.54 618.75 Td (most ) Tj ET Q q 0 0 0 rg BT 436.68 618.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 481.58 618.75 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 521.49 618.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.72 618.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 605.32 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 606.75 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 108.52 606.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.58 606.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 159.05 606.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.90 582.75 Td (part ) Tj ET Q q 0 0 0 rg BT 98.72 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.34 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 124.95 582.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 164.98 582.75 Td (strategy) Tj ET Q q 0 0 0 rg BT 195.99 582.75 Td (, ) Tj ET Q q 0 0 0 rg BT 200.77 582.75 Td (we ) Tj ET Q q 0 0 0 rg BT 214.71 582.75 Td (are ) Tj ET Q q 0 0 0 rg BT 229.20 582.75 Td (committed ) Tj ET Q q 0 0 0 rg BT 274.25 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 284.31 582.75 Td (strong ) Tj ET Q q 0 0 0 rg BT 311.59 582.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 348.86 582.75 Td (discipline, ) Tj ET Q q 0 0 0 rg BT 392.52 582.75 Td (ef) Tj ET Q q 0 0 0 rg BT 400.11 582.75 Td (ficient ) Tj ET Q q 0 0 0 rg BT 427.93 582.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 471.87 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 488.59 582.75 Td (creating ) Tj ET Q q 0 0 0 rg BT 523.07 582.75 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 570.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.82 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 103.65 570.75 Td (shareholders ) Tj ET Q q 0 0 0 rg BT 156.68 570.75 Td (through ) Tj ET Q q 0 0 0 rg BT 190.29 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.01 570.75 Td (following ) Tj ET Q q 0 0 0 rg BT 246.39 570.75 Td (key ) Tj ET Q q 0 0 0 rg BT 263.33 570.75 Td (principles:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 546.75 Td (tar) Tj ET Q q 0 0 0 rg BT 95.87 546.75 Td (get ) Tj ET Q q 0 0 0 rg BT 109.79 546.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 142.58 546.75 Td (regions ) Tj ET Q q 0 0 0 rg BT 173.73 546.75 Td (where ) Tj ET Q q 0 0 0 rg BT 199.86 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 213.22 546.75 Td (either ) Tj ET Q q 0 0 0 rg BT 237.69 546.75 Td (have, ) Tj ET Q q 0 0 0 rg BT 260.77 546.75 Td (or ) Tj ET Q q 0 0 0 rg BT 270.81 546.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 301.38 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 314.75 546.75 Td (can ) Tj ET Q q 0 0 0 rg BT 330.33 546.75 Td (create, ) Tj ET Q q 0 0 0 rg BT 358.40 546.75 Td (a ) Tj ET Q q 0 0 0 rg BT 364.54 546.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 413.45 546.75 Td (advantage ) Tj ET Q q 0 0 0 rg BT 455.69 546.75 Td (as ) Tj ET Q q 0 0 0 rg BT 465.72 546.75 Td (a ) Tj ET Q q 0 0 0 rg BT 471.86 546.75 Td (result ) Tj ET Q q 0 0 0 rg BT 495.78 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 505.82 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 520.85 546.75 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 534.75 Td (or ) Tj ET Q q 0 0 0 rg BT 96.33 534.75 Td (use ) Tj ET Q q 0 0 0 rg BT 112.16 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 122.99 534.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 136.88 533.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.13 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.63 534.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 180.39 534.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 193.45 534.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 218.16 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.10 534.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 248.99 533.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.24 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.74 534.75 Td (infrastructure;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 522.75 Td (secure ) Tj ET Q q 0 0 0 rg BT 112.74 522.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 154.43 522.75 Td (where ) Tj ET Q q 0 0 0 rg BT 180.56 522.75 Td (we ) Tj ET Q q 0 0 0 rg BT 193.92 522.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 224.49 522.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 266.18 522.75 Td (value ) Tj ET Q q 0 0 0 rg BT 289.54 522.75 Td (can ) Tj ET Q q 0 0 0 rg BT 305.12 522.75 Td (be ) Tj ET Q q 0 0 0 rg BT 316.26 522.75 Td (created ) Tj ET Q q 0 0 0 rg BT 346.82 522.75 Td (through ) Tj ET Q q 0 0 0 rg BT 379.63 522.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 410.21 522.75 Td (recovery ) Tj ET Q q 0 0 0 rg BT 446.88 522.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 490.24 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 506.38 522.75 Td (a ) Tj ET Q q 0 0 0 rg BT 512.52 522.75 Td (combination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.33 510.75 Td (other ) Tj ET Q q 0 0 0 rg BT 119.38 510.75 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 172.15 510.75 Td (development, ) Tj ET Q q 0 0 0 rg BT 228.80 510.75 Td (exploration ) Tj ET Q q 0 0 0 rg BT 276.84 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 293.78 510.75 Td (marketing ) Tj ET Q q 0 0 0 rg BT 336.82 510.75 Td (techniques;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 498.75 Td (acquire ) Tj ET Q q 0 0 0 rg BT 117.05 498.75 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.17 498.75 Td (that ) Tj ET Q q 0 0 0 rg BT 176.29 498.75 Td (give ) Tj ET Q q 0 0 0 rg BT 195.63 498.75 Td (us ) Tj ET Q q 0 0 0 rg BT 206.65 498.75 Td (a ) Tj ET Q q 0 0 0 rg BT 213.22 498.75 Td (majority ) Tj ET Q q 0 0 0 rg BT 249.23 498.75 Td (working ) Tj ET Q q 0 0 0 rg BT 284.69 498.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 316.25 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.81 498.75 Td (operational ) Tj ET Q q 0 0 0 rg BT 379.92 498.75 Td (control ) Tj ET Q q 0 0 0 rg BT 410.38 498.75 Td (or ) Tj ET Q q 0 0 0 rg BT 420.83 498.75 Td (where ) Tj ET Q q 0 0 0 rg BT 447.39 498.75 Td (we ) Tj ET Q q 0 0 0 rg BT 461.18 498.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 492.18 498.75 Td (we ) Tj ET Q q 0 0 0 rg BT 505.97 498.75 Td (can ) Tj ET Q q 0 0 0 rg BT 521.97 498.75 Td (ultimately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 113.00 486.75 Td (it;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.75 Td (maximize ) Tj ET Q q 0 0 0 rg BT 126.94 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.17 474.75 Td (value ) Tj ET Q q 0 0 0 rg BT 164.83 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 181.28 474.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 201.06 474.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 221.40 474.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 262.28 474.75 Td (from ) Tj ET Q q 0 0 0 rg BT 283.72 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 299.07 474.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 342.73 474.75 Td (by ) Tj ET Q q 0 0 0 rg BT 354.74 474.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 397.85 474.75 Td (production ) Tj ET Q q 0 0 0 rg BT 443.18 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.63 474.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.40 474.75 Td (while ) Tj ET Q q 0 0 0 rg BT 518.63 474.75 Td (controlling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.75 Td (costs;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.75 Td (optimize ) Tj ET Q q 0 0 0 rg BT 122.92 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 137.57 450.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 166.12 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 182.99 450.75 Td (allocation ) Tj ET Q q 0 0 0 rg BT 224.85 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.62 450.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.70 450.75 Td (among ) Tj ET Q q 0 0 0 rg BT 294.35 450.75 Td (our ) Tj ET Q q 0 0 0 rg BT 310.11 450.75 Td (investment ) Tj ET Q q 0 0 0 rg BT 356.43 450.75 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 411.63 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 421.85 450.75 Td (maximize ) Tj ET Q q 0 0 0 rg BT 463.71 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 478.36 450.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 499.67 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 510.43 450.75 Td (return ) Tj ET Q q 0 0 0 rg BT 536.74 450.75 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 450.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 438.75 Td (investments;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 426.75 Td (exercise ) Tj ET Q q 0 0 0 rg BT 121.32 426.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 159.38 426.75 Td (discipline ) Tj ET Q q 0 0 0 rg BT 201.33 426.75 Td (by ) Tj ET Q q 0 0 0 rg BT 214.40 426.75 Td (attempting ) Tj ET Q q 0 0 0 rg BT 260.24 426.75 Td (to ) Tj ET Q q 0 0 0 rg BT 271.08 426.75 Td (balance ) Tj ET Q q 0 0 0 rg BT 304.69 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 321.09 426.75 Td (development ) Tj ET Q q 0 0 0 rg BT 375.81 426.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 405.53 426.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 459.69 426.75 Td (with ) Tj ET Q q 0 0 0 rg BT 480.54 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 496.94 426.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 517.78 426.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 543.07 426.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 414.75 Td (operations; ) Tj ET Q q 0 0 0 rg BT 132.43 414.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 402.75 Td (attract ) Tj ET Q q 0 0 0 rg BT 112.98 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 129.92 402.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 167.41 402.75 Td (a ) Tj ET Q q 0 0 0 rg BT 174.35 402.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 202.40 402.75 Td (competitive ) Tj ET Q q 0 0 0 rg BT 252.11 402.75 Td (team ) Tj ET Q q 0 0 0 rg BT 274.04 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 284.88 402.75 Td (experienced ) Tj ET Q q 0 0 0 rg BT 335.68 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 352.61 402.75 Td (incentivized ) Tj ET Q q 0 0 0 rg BT 403.98 402.75 Td (personnel.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.51 378.75 Td (has ) Tj ET Q q 0 0 0 rg BT 121.87 378.75 Td (been ) Tj ET Q q 0 0 0 rg BT 143.77 378.75 Td (publicly ) Tj ET Q q 0 0 0 rg BT 179.57 378.75 Td (traded ) Tj ET Q q 0 0 0 rg BT 207.58 378.75 Td (on ) Tj ET Q q 0 0 0 rg BT 220.60 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 235.84 378.75 Td (New ) Tj ET Q q 0 0 0 rg BT 257.30 378.75 Td (Y) Tj ET Q q 0 0 0 rg BT 263.52 378.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 279.87 378.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 305.67 378.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 348.12 378.75 Td (since ) Tj ET Q q 0 0 0 rg BT 371.69 378.75 Td (1997. ) Tj ET Q q 0 0 0 rg BT 397.22 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 400.24 378.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 418.82 378.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 459.59 378.75 Td (headquarters ) Tj ET Q q 0 0 0 rg BT 513.70 378.75 Td (is ) Tj ET Q q 0 0 0 rg BT 523.40 378.75 Td (located ) Tj ET Q q 0 0 0 rg BT 555.29 378.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (5320 ) Tj ET Q q 0 0 0 rg BT 71.17 366.75 Td (Legacy ) Tj ET Q q 0 0 0 rg BT 102.27 366.75 Td (Drive, ) Tj ET Q q 0 0 0 rg BT 129.22 366.75 Td (Plano, ) Tj ET Q q 0 0 0 rg BT 156.05 366.75 Td (T) Tj ET Q q 0 0 0 rg BT 161.46 366.75 Td (exas ) Tj ET Q q 0 0 0 rg BT 180.90 366.75 Td (75024, ) Tj ET Q q 0 0 0 rg BT 210.08 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 226.19 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 241.20 366.75 Td (phone ) Tj ET Q q 0 0 0 rg BT 267.31 366.75 Td (number ) Tj ET Q q 0 0 0 rg BT 299.53 366.75 Td (is ) Tj ET Q q 0 0 0 rg BT 307.88 366.75 Td (972-673-2000. ) Tj ET Q q 0 0 0 rg BT 368.71 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 370.02 366.75 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.69 366.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 439.45 366.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.45 366.75 Td (, ) Tj ET Q q 0 0 0 rg BT 463.62 366.75 Td (we ) Tj ET Q q 0 0 0 rg BT 476.96 366.75 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.07 366.75 Td (1,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.57 366.75 Td ( ) Tj ET Q q 0 0 0 rg BT 517.25 366.75 Td (employees, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (577 ) Tj ET Q q 0 0 0 rg BT 66.37 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 76.58 354.75 Td (whom ) Tj ET Q q 0 0 0 rg BT 103.45 354.75 Td (were ) Tj ET Q q 0 0 0 rg BT 124.75 354.75 Td (employed ) Tj ET Q q 0 0 0 rg BT 166.06 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 175.71 354.75 Td (field ) Tj ET Q q 0 0 0 rg BT 195.90 354.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 239.43 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 249.63 354.75 Td (at ) Tj ET Q q 0 0 0 rg BT 258.72 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.93 354.75 Td (field ) Tj ET Q q 0 0 0 rg BT 294.12 354.75 Td (of) Tj ET Q q 0 0 0 rg BT 302.27 354.75 Td (fices.) Tj ET Q q 0 0 0 rg BT 328.47 354.75 Td (W) Tj ET Q q 0 0 0 rg BT 337.11 354.75 Td (e ) Tj ET Q q 0 0 0 rg BT 343.42 354.75 Td (make ) Tj ET Q q 0 0 0 rg BT 366.95 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 382.15 354.75 Td (annual ) Tj ET Q q 0 0 0 rg BT 410.68 354.75 Td (report ) Tj ET Q q 0 0 0 rg BT 436.43 354.75 Td (on ) Tj ET Q q 0 0 0 rg BT 448.30 354.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 471.84 354.75 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 496.77 354.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 534.73 354.75 Td (reports ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.07 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 86.31 342.75 Td (10-Q, ) Tj ET Q q 0 0 0 rg BT 111.93 342.75 Td (current ) Tj ET Q q 0 0 0 rg BT 142.82 342.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 173.15 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 185.72 342.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 209.96 342.75 Td (8-K, ) Tj ET Q q 0 0 0 rg BT 230.59 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.59 342.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 300.71 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 311.05 342.75 Td (those ) Tj ET Q q 0 0 0 rg BT 334.73 342.75 Td (reports, ) Tj ET Q q 0 0 0 rg BT 367.57 342.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 388.47 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 399.37 342.75 Td (furnished ) Tj ET Q q 0 0 0 rg BT 439.70 342.75 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 476.71 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 487.06 342.75 Td (section ) Tj ET Q q 0 0 0 rg BT 517.96 342.75 Td (13\(a\) ) Tj ET Q q 0 0 0 rg BT 541.62 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 552.52 342.75 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 64.25 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 75.66 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 90.96 330.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.48 330.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.31 330.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 192.84 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.25 330.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 229.84 330.75 Td (available ) Tj ET Q q 0 0 0 rg BT 269.01 330.75 Td (free ) Tj ET Q q 0 0 0 rg BT 287.64 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.05 330.75 Td (char) Tj ET Q q 0 0 0 rg BT 316.08 330.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 328.60 330.75 Td (on ) Tj ET Q q 0 0 0 rg BT 341.69 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 353.11 330.75 Td (through ) Tj ET Q q 0 0 0 rg BT 387.30 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 403.72 330.75 Td (website, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 439.84912109375 329.4169921875 m 515.20068359375 329.4169921875 l s q 0 0 0 rg BT 439.85 330.75 Td (www) Tj ET Q q 0 0 0 rg BT 460.86 330.75 Td (.denbury) Tj ET Q q 0 0 0 rg BT 495.48 330.75 Td (.com) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.20 330.75 Td (, ) Tj ET Q q 0 0 0 rg BT 520.79 330.75 Td (as ) Tj ET Q q 0 0 0 rg BT 532.20 330.75 Td (soon ) Tj ET Q q 0 0 0 rg BT 554.18 330.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 94.97 318.75 Td (practicable ) Tj ET Q q 0 0 0 rg BT 140.98 318.75 Td (after ) Tj ET Q q 0 0 0 rg BT 161.45 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 175.27 318.75 Td (electronically ) Tj ET Q q 0 0 0 rg BT 231.84 318.75 Td (file ) Tj ET Q q 0 0 0 rg BT 247.32 318.75 Td (such ) Tj ET Q q 0 0 0 rg BT 267.80 318.75 Td (material ) Tj ET Q q 0 0 0 rg BT 302.71 318.75 Td (with, ) Tj ET Q q 0 0 0 rg BT 325.15 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 335.63 318.75 Td (furnish ) Tj ET Q q 0 0 0 rg BT 366.12 318.75 Td (it ) Tj ET Q q 0 0 0 rg BT 373.83 318.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 386.26 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 400.63 318.75 Td (SEC.) Tj ET Q q 0 0 0 rg BT 426.29 318.75 Td (The ) Tj ET Q q 0 0 0 rg BT 443.99 318.75 Td (public ) Tj ET Q q 0 0 0 rg BT 471.14 318.75 Td (may ) Tj ET Q q 0 0 0 rg BT 490.52 318.75 Td (read ) Tj ET Q q 0 0 0 rg BT 509.88 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 526.47 318.75 Td (copy ) Tj ET Q q 0 0 0 rg BT 548.06 318.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 88.31 306.75 Td (we ) Tj ET Q q 0 0 0 rg BT 102.14 306.75 Td (file ) Tj ET Q q 0 0 0 rg BT 117.63 306.75 Td (with ) Tj ET Q q 0 0 0 rg BT 137.57 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 151.95 306.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 172.46 306.75 Td (at ) Tj ET Q q 0 0 0 rg BT 181.84 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.22 306.75 Td (SEC) Tj ET Q q 0 0 0 rg BT 217.34 306.75 Td (s ) Tj ET Q q 0 0 0 rg BT 223.40 306.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 251.12 306.75 Td (Reference ) Tj ET Q q 0 0 0 rg BT 293.80 306.75 Td (Room ) Tj ET Q q 0 0 0 rg BT 320.42 306.75 Td (at ) Tj ET Q q 0 0 0 rg BT 329.80 306.75 Td (100 ) Tj ET Q q 0 0 0 rg BT 346.96 306.75 Td (F ) Tj ET Q q 0 0 0 rg BT 354.69 306.75 Td (Street, ) Tj ET Q q 0 0 0 rg BT 382.68 306.75 Td (NE, ) Tj ET Q q 0 0 0 rg BT 400.52 306.75 Td (W) Tj ET Q q 0 0 0 rg BT 409.15 306.75 Td (ashington, ) Tj ET Q q 0 0 0 rg BT 452.70 306.75 Td (DC ) Tj ET Q q 0 0 0 rg BT 468.76 306.75 Td (20549. ) Tj ET Q q 0 0 0 rg BT 498.43 306.75 Td ( ) Tj ET Q q 0 0 0 rg BT 500.43 306.75 Td (The ) Tj ET Q q 0 0 0 rg BT 518.14 306.75 Td (public ) Tj ET Q q 0 0 0 rg BT 545.30 306.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 76.25 294.75 Td (information ) Tj ET Q q 0 0 0 rg BT 125.23 294.75 Td (on ) Tj ET Q q 0 0 0 rg BT 136.98 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 150.96 294.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 190.48 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.57 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.55 294.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 241.87 294.75 Td (Reference ) Tj ET Q q 0 0 0 rg BT 284.15 294.75 Td (Room ) Tj ET Q q 0 0 0 rg BT 310.35 294.75 Td (by ) Tj ET Q q 0 0 0 rg BT 322.11 294.75 Td (calling ) Tj ET Q q 0 0 0 rg BT 351.08 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.06 294.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 385.16 294.75 Td (at ) Tj ET Q q 0 0 0 rg BT 394.14 294.75 Td (1-800-SEC-0330. ) Tj ET Q q 0 0 0 rg BT 466.73 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 468.36 294.75 Td (The ) Tj ET Q q 0 0 0 rg BT 485.66 294.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 505.76 294.75 Td (also ) Tj ET Q q 0 0 0 rg BT 523.63 294.75 Td (maintains ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (a ) Tj ET Q q 0 0 0 rg BT 58.96 282.75 Td (website, ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 97.01953125 281.4169921875 m 174.37060546875 281.4169921875 l s q 0 0 0 rg BT 97.02 282.75 Td (http://www) Tj ET Q q 0 0 0 rg BT 141.93 282.75 Td (.sec.gov) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.05 282.75 Td (, ) Tj ET Q q 0 0 0 rg BT 181.56 282.75 Td (which ) Tj ET Q q 0 0 0 rg BT 211.02 282.75 Td (contains ) Tj ET Q q 0 0 0 rg BT 249.36 282.75 Td (reports, ) Tj ET Q q 0 0 0 rg BT 284.65 282.75 Td (proxy ) Tj ET Q q 0 0 0 rg BT 312.99 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 332.45 282.75 Td (information ) Tj ET Q q 0 0 0 rg BT 384.68 282.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 431.91 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 451.36 282.75 Td (other ) Tj ET Q q 0 0 0 rg BT 476.93 282.75 Td (information ) Tj ET Q q 0 0 0 rg BT 529.16 282.75 Td (filed ) Tj ET Q q 0 0 0 rg BT 552.50 282.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 83.84 270.75 Td (.) Tj ET Q q 0 0 0 rg BT 91.16 270.75 Td (Throughout ) Tj ET Q q 0 0 0 rg BT 141.11 270.75 Td (this ) Tj ET Q q 0 0 0 rg BT 157.68 270.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 189.85 270.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 219.79 270.75 Td (on ) Tj ET Q q 0 0 0 rg BT 232.52 270.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 256.92 270.75 Td (10-K ) Tj ET Q q 0 0 0 rg BT 280.20 270.75 Td (\(Form ) Tj ET Q q 0 0 0 rg BT 312.37 270.75 Td (10-K\) ) Tj ET Q q 0 0 0 rg BT 343.42 270.75 Td (we ) Tj ET Q q 0 0 0 rg BT 357.80 270.75 Td (use ) Tj ET Q q 0 0 0 rg BT 373.86 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 388.81 270.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 413.75 270.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 452.53 270.75 Td (, ) Tj ET Q q 0 0 0 rg BT 462.20 270.75 Td (Company) Tj ET Q q 0 0 0 rg BT 504.88 270.75 Td (, ) Tj ET Q q 0 0 0 rg BT 514.54 270.75 Td (we, ) Tj ET Q q 0 0 0 rg BT 540.31 270.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 258.75 Td (us ) Tj ET Q q 0 0 0 rg BT 86.71 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 96.99 258.75 Td (refer ) Tj ET Q q 0 0 0 rg BT 118.35 258.75 Td (to ) Tj ET Q q 0 0 0 rg BT 128.63 258.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 166.12 258.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 209.72 258.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 227.49 258.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 246.93 258.75 Td (as ) Tj ET Q q 0 0 0 rg BT 257.76 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 272.47 258.75 Td (context ) Tj ET Q q 0 0 0 rg BT 304.41 258.75 Td (may ) Tj ET Q q 0 0 0 rg BT 324.12 258.75 Td (require, ) Tj ET Q q 0 0 0 rg BT 357.44 258.75 Td (its ) Tj ET Q q 0 0 0 rg BT 369.39 258.75 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 69.50 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 234.75 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 122.86 234.75 Td (DEVELOPMENTS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 210.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.95 210.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 109.50 210.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 149.38 210.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 190.93 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 205.82 210.75 Td (single ) Tj ET Q q 0 0 0 rg BT 232.38 210.75 Td (lar) Tj ET Q q 0 0 0 rg BT 242.75 210.75 Td (gest ) Tj ET Q q 0 0 0 rg BT 261.53 210.75 Td (variable ) Tj ET Q q 0 0 0 rg BT 296.41 210.75 Td (in ) Tj ET Q q 0 0 0 rg BT 306.86 210.75 Td (our ) Tj ET Q q 0 0 0 rg BT 322.86 210.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 363.30 210.75 Td (results. ) Tj ET Q q 0 0 0 rg BT 394.58 210.75 Td ( ) Tj ET Q q 0 0 0 rg BT 397.25 210.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 412.71 210.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 439.26 210.75 Td (have ) Tj ET Q q 0 0 0 rg BT 460.81 210.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 508.47 210.75 Td (been ) Tj ET Q q 0 0 0 rg BT 530.02 210.75 Td (volatile, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (with ) Tj ET Q q 0 0 0 rg BT 70.96 198.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 111.30 198.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.54 198.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 153.10 198.75 Td (ranging ) Tj ET Q q 0 0 0 rg BT 187.33 198.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.45 198.75 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.45 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 229.13 198.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.59 198.75 Td ($107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.59 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 264.27 198.75 Td (per ) Tj ET Q q 0 0 0 rg BT 280.72 198.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 298.84 198.75 Td (over ) Tj ET Q q 0 0 0 rg BT 320.29 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.19 198.75 Td (last ) Tj ET Q q 0 0 0 rg BT 353.76 198.75 Td (three ) Tj ET Q q 0 0 0 rg BT 377.42 198.75 Td (calendar ) Tj ET Q q 0 0 0 rg BT 414.97 198.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 442.25 198.75 Td (with ) Tj ET Q q 0 0 0 rg BT 463.71 198.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 491.26 198.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.72 198.75 Td (February ) Tj ET Q q 0 0 0 rg BT 542.50 198.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 101.12 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 115.54 186.75 Td (lowest ) Tj ET Q q 0 0 0 rg BT 143.84 186.75 Td (level ) Tj ET Q q 0 0 0 rg BT 165.47 186.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.45 186.75 Td (over ) Tj ET Q q 0 0 0 rg BT 195.41 186.75 Td (14 ) Tj ET Q q 0 0 0 rg BT 207.61 186.75 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.71 186.75 Td (. ) Tj ET Q q 0 0 0 rg BT 233.41 186.75 Td ( ) Tj ET Q q 0 0 0 rg BT 235.12 186.75 Td (Although ) Tj ET Q q 0 0 0 rg BT 275.09 186.75 Td (realized ) Tj ET Q q 0 0 0 rg BT 308.93 186.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 335.01 186.75 Td (have ) Tj ET Q q 0 0 0 rg BT 356.08 186.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 396.03 186.75 Td (from ) Tj ET Q q 0 0 0 rg BT 417.67 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 432.08 186.75 Td (lows ) Tj ET Q q 0 0 0 rg BT 453.17 186.75 Td (experienced ) Tj ET Q q 0 0 0 rg BT 503.67 186.75 Td (during ) Tj ET Q q 0 0 0 rg BT 531.97 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 186.75 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 81.14 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 92.80 174.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 118.63 174.75 Td (our ) Tj ET Q q 0 0 0 rg BT 135.28 174.75 Td (focus ) Tj ET Q q 0 0 0 rg BT 160.27 174.75 Td (continues ) Tj ET Q q 0 0 0 rg BT 201.92 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 213.03 174.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 244.12 174.75 Td (on ) Tj ET Q q 0 0 0 rg BT 257.44 174.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 276.88 174.75 Td (reductions ) Tj ET Q q 0 0 0 rg BT 321.86 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 339.63 174.75 Td (preserving ) Tj ET Q q 0 0 0 rg BT 385.16 174.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 418.40 174.75 Td (. ) Tj ET Q q 0 0 0 rg BT 424.23 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.55 174.75 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.43 174.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.43 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 469.76 174.75 Td (business ) Tj ET Q q 0 0 0 rg BT 506.98 174.75 Td (developments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (included ) Tj ET Q q 0 0 0 rg BT 86.43 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 101.15 162.75 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.75 Td (Generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.34 138.75 Td ($219.2 ) Tj ET Q q 0 0 0 rg BT 141.59 138.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.48 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 173.23 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 184.31 138.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 204.83 138.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 225.91 138.75 Td (from ) Tj ET Q q 0 0 0 rg BT 248.10 138.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 292.51 138.75 Td (\(which ) Tj ET Q q 0 0 0 rg BT 323.03 138.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 355.78 138.75 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.85 138.75 Td ($84.2 ) Tj ET Q q 0 0 0 rg BT 417.10 138.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.00 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 448.75 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 459.83 138.75 Td (receipts ) Tj ET Q q 0 0 0 rg BT 493.67 138.75 Td (on ) Tj ET Q q 0 0 0 rg BT 506.43 138.75 Td (settlements ) Tj ET Q q 0 0 0 rg BT 554.17 138.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 115.12 126.75 Td (derivatives\) ) Tj ET Q q 0 0 0 rg BT 164.38 126.75 Td (in ) Tj ET Q q 0 0 0 rg BT 174.23 126.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 198.79 126.75 Td (which ) Tj ET Q q 0 0 0 rg BT 225.29 126.75 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.91 126.75 Td ($10.6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.41 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 267.47 126.75 Td (million ) Tj ET Q q 0 0 0 rg BT 298.43 126.75 Td (higher ) Tj ET Q q 0 0 0 rg BT 326.04 126.75 Td (than ) Tj ET Q q 0 0 0 rg BT 345.32 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 360.72 126.75 Td (incurred ) Tj ET Q q 0 0 0 rg BT 396.10 126.75 Td (development ) Tj ET Q q 0 0 0 rg BT 449.81 126.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 478.53 126.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 531.68 126.75 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 126.75 Td ($208.6 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.39 114.75 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.75 Td (Reduced ) Tj ET Q q 0 0 0 rg BT 105.06 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 120.96 90.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 141.31 90.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 181.65 90.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 206.72 90.75 Td (including ) Tj ET Q q 0 0 0 rg BT 247.07 90.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 287.40 90.75 Td (overhead ) Tj ET Q q 0 0 0 rg BT 326.62 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.63 90.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 378.14 90.75 Td (to ) Tj ET Q q 0 0 0 rg BT 388.49 90.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 448.83 90.75 Td ($34 ) Tj ET Q q 0 0 0 rg BT 466.40 90.75 Td (per ) Tj ET Q q 0 0 0 rg BT 481.74 90.75 Td (BOE ) Tj ET Q q 0 0 0 rg BT 504.32 90.75 Td (during ) Tj ET Q q 0 0 0 rg BT 533.00 90.75 Td (2016, ) Tj ET Q q 0 0 0 rg BT 558.08 90.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.75 Td (7% ) Tj ET Q q 0 0 0 rg BT 83.01 78.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 119.60 78.75 Td (from ) Tj ET Q q 0 0 0 rg BT 141.21 78.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 171.16 78.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 196.67 78.75 Td (during ) Tj ET Q q 0 0 0 rg BT 224.95 78.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 249.63 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.24 78.75 Td (reflects ) Tj ET Q q 0 0 0 rg BT 297.84 78.75 Td (improved ) Tj ET Q q 0 0 0 rg BT 338.34 78.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 352.24 77.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.49 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 357.66 78.75 Td (ef) Tj ET Q q 0 0 0 rg BT 365.25 78.75 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 399.63 78.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 436.80 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 446.76 78.75 Td (a ) Tj ET Q q 0 0 0 rg BT 453.37 78.75 Td (32% ) Tj ET Q q 0 0 0 rg BT 473.88 78.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 510.47 78.75 Td (in ) Tj ET Q q 0 0 0 rg BT 520.42 78.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 534.32 77.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.57 78.75 Td ( ) Tj ET Q q 0 0 0 rg BT 539.74 78.75 Td (usage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 66.75 Td (between ) Tj ET Q q 0 0 0 rg BT 103.32 66.75 Td (2015 ) Tj ET Q q 0 0 0 rg BT 125.82 66.75 Td (and ) Tj ET Q q 0 0 0 rg BT 142.75 66.75 Td (2016.) Tj ET Q endstream endobj 13 0 obj <> endobj 14 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (Completed ) Tj ET Q q 0 0 0 rg BT 113.67 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.39 714.60 Td (series ) Tj ET Q q 0 0 0 rg BT 145.44 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.06 714.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 193.89 714.60 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 237.82 714.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 257.32 714.60 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 301.25 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.98 714.60 Td (open-market ) Tj ET Q q 0 0 0 rg BT 370.80 714.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 390.30 714.60 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 442.28 714.60 Td (contributing ) Tj ET Q q 0 0 0 rg BT 493.45 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.51 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 510.23 714.60 Td (net ) Tj ET Q q 0 0 0 rg BT 524.74 714.60 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.40 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.31 702.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 114.10 702.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 152.21 702.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 185.32 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.22 702.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 256.55 702.60 Td ($530.4 ) Tj ET Q q 0 0 0 rg BT 286.63 702.60 Td (million ) Tj ET Q q 0 0 0 rg BT 318.09 702.60 Td (during ) Tj ET Q q 0 0 0 rg BT 346.77 702.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 371.85 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 373.85 702.60 Td (As ) Tj ET Q q 0 0 0 rg BT 387.54 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 394.55 702.60 Td (result ) Tj ET Q q 0 0 0 rg BT 419.34 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.24 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.03 702.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 485.37 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 495.72 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 511.62 702.60 Td (average ) Tj ET Q q 0 0 0 rg BT 545.28 702.60 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (outstanding, ) Tj ET Q q 0 0 0 rg BT 119.17 690.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 139.43 690.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 171.37 690.60 Td (expense ) Tj ET Q q 0 0 0 rg BT 206.07 690.60 Td (also ) Tj ET Q q 0 0 0 rg BT 224.68 690.60 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.60 690.60 Td ($1) Tj ET Q q 0 0 0 rg BT 276.23 690.60 Td (1.5 ) Tj ET Q q 0 0 0 rg BT 291.23 690.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.12 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.62 690.60 Td (between ) Tj ET Q q 0 0 0 rg BT 358.43 690.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 380.93 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 397.87 690.60 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (Generated ) Tj ET Q q 0 0 0 rg BT 111.23 666.60 Td (average ) Tj ET Q q 0 0 0 rg BT 144.96 666.60 Td (total ) Tj ET Q q 0 0 0 rg BT 165.38 666.60 Td (production ) Tj ET Q q 0 0 0 rg BT 211.35 666.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.32 666.60 Td (64,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.82 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 252.47 666.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 282.89 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.32 666.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 318.46 666.60 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.55 666.60 Td (1) Tj ET Q q 0 0 0 rg BT 335.18 666.60 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.51 666.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.15 666.60 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.57 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.21 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 410.29 666.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 432.94 666.60 Td (production ) Tj ET Q q 0 0 0 rg BT 478.91 666.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 504.88 666.60 Td (when ) Tj ET Q q 0 0 0 rg BT 529.19 666.60 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 654.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 103.60 654.60 Td (sales, ) Tj ET Q q 0 0 0 rg BT 128.04 654.60 Td (despite ) Tj ET Q q 0 0 0 rg BT 158.86 654.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 196.35 654.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 218.85 654.60 Td (development ) Tj ET Q q 0 0 0 rg BT 273.00 654.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 302.15 654.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 340.76 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.04 654.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 411.29 654.60 Td (half ) Tj ET Q q 0 0 0 rg BT 429.34 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 440.17 654.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 462.67 654.60 Td (levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (Modified ) Tj ET Q q 0 0 0 rg BT 108.08 630.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.64 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.33 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 167.02 630.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 205.36 630.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 259.24 630.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 302.58 630.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 347.03 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 358.17 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 373.75 630.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 399.60 630.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 422.96 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.76 630.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 464.12 630.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 496.92 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 508.06 630.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 541.96 630.60 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 110.66 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.17 618.60 Td (managing ) Tj ET Q q 0 0 0 rg BT 165.33 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 182.38 618.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 216.64 618.60 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 243.41 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.36 618.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 285.84 618.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 325.66 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 339.39 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 356.45 618.60 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 391.55 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.71 618.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 456.21 618.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 506.03 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 527.53 618.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 120.21 606.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 162.37 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.33 606.60 Td (this ) Tj ET Q q 0 0 0 rg BT 188.96 606.60 Td (low ) Tj ET Q q 0 0 0 rg BT 206.15 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.89 606.60 Td (price ) Tj ET Q q 0 0 0 rg BT 241.05 606.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 296.28 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.46 606.60 Td (In ) Tj ET Q q 0 0 0 rg BT 308.97 606.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 346.43 606.60 Td (maintained ) Tj ET Q q 0 0 0 rg BT 393.04 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.44 606.60 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 432.12 606.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 460.42 606.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 504.26 606.60 Td (base ) Tj ET Q q 0 0 0 rg BT 524.21 606.60 Td (under ) Tj ET Q q 0 0 0 rg BT 549.17 606.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 94.44 594.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 127.48 594.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 149.41 594.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 174.68 594.60 Td (facility) Tj ET Q q 0 0 0 rg BT 202.35 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 207.35 594.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 248.74 594.60 Td (us ) Tj ET Q q 0 0 0 rg BT 260.13 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 280.41 594.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 325.12 594.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 358.36 594.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 570.60 Td (Completed ) Tj ET Q q 0 0 0 rg BT 113.48 570.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 165.02 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 175.45 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 181.99 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 211.86 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 227.29 570.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 256.62 570.60 Td (extraction ) Tj ET Q q 0 0 0 rg BT 298.70 570.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 320.80 570.60 Td (at ) Tj ET Q q 0 0 0 rg BT 330.12 570.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 354.44 570.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 379.59 570.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 420.58 570.60 Td (us ) Tj ET Q q 0 0 0 rg BT 431.58 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 451.46 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.78 570.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 493.43 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 503.31 570.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 519.30 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 570.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 97.26 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 119.24 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.00 558.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 173.74 558.60 Td (stream, ) Tj ET Q q 0 0 0 rg BT 205.43 558.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 241.30 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.05 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 263.64 558.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 298.38 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.25 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.00 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 337.90 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.15 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.68 558.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 369.83 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.81 558.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 414.33 558.60 Td (extracted ) Tj ET Q q 0 0 0 rg BT 453.51 558.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 489.92 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 500.24 558.60 Td (power ) Tj ET Q q 0 0 0 rg BT 527.77 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 558.60 Td (plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 546.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 113.58 546.60 Td (field ) Tj ET Q q 0 0 0 rg BT 134.41 546.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 174.67 546.60 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (Revised ) Tj ET Q q 0 0 0 rg BT 101.95 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.39 522.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 136.96 522.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 169.17 522.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 221.37 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 230.82 522.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 260.25 522.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 283.04 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 293.04 522.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 325.82 522.60 Td (for ) Tj ET Q q 0 0 0 rg BT 339.71 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 355.27 522.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 375.83 522.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 408.05 522.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 438.59 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.60 522.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 469.16 522.60 Td (up ) Tj ET Q q 0 0 0 rg BT 481.39 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.39 522.60 Td ($55 ) Tj ET Q q 0 0 0 rg BT 508.62 522.60 Td (million ) Tj ET Q q 0 0 0 rg BT 539.74 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 522.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 111.12 510.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 152.53 510.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 182.26 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.12 510.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 232.85 510.60 Td (development ) Tj ET Q q 0 0 0 rg BT 287.59 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.00 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.30 510.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 345.70 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.22 510.60 Td (fieldwork ) Tj ET Q q 0 0 0 rg BT 405.18 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.04 510.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 456.88 510.60 Td (for ) Tj ET Q q 0 0 0 rg BT 471.62 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 479.14 510.60 Td (14% ) Tj ET Q q 0 0 0 rg BT 500.56 510.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 529.19 510.60 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 99.43 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.37 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 123.31 498.60 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 191.35 498.60 Td (share ) Tj ET Q q 0 0 0 rg BT 214.95 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.78 498.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 263.82 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 285.76 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 300.47 498.60 Td (first ) Tj ET Q q 0 0 0 rg BT 319.08 498.60 Td (2 ) Tj ET Q q 0 0 0 rg BT 326.58 498.60 Td (million ) Tj ET Q q 0 0 0 rg BT 357.97 498.60 Td (barrels ) Tj ET Q q 0 0 0 rg BT 387.68 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 398.51 498.60 Td (production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (Completed ) Tj ET Q q 0 0 0 rg BT 113.58 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 120.22 474.60 Td (process ) Tj ET Q q 0 0 0 rg BT 152.42 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 162.95 474.60 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 206.80 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 222.33 474.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.87 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 267.85 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 274.49 474.60 Td (goal ) Tj ET Q q 0 0 0 rg BT 293.91 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.44 474.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 347.73 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.15 474.60 Td (value ) Tj ET Q q 0 0 0 rg BT 386.01 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 396.54 474.60 Td (both ) Tj ET Q q 0 0 0 rg BT 416.52 474.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 450.39 474.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 475.92 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.56 474.60 Td (future ) Tj ET Q q 0 0 0 rg BT 518.64 474.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 552.50 474.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 113.39 462.60 Td (field ) Tj ET Q q 0 0 0 rg BT 134.28 462.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 181.82 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.82 462.60 Td (development ) Tj ET Q q 0 0 0 rg BT 253.04 462.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 279.21 462.60 Td (identifying ) Tj ET Q q 0 0 0 rg BT 325.65 462.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 375.98 462.60 Td (opportunities, ) Tj ET Q q 0 0 0 rg BT 433.82 462.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 471.37 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 485.26 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.51 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 491.07 462.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 528.62 462.60 Td (volumes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (through ) Tj ET Q q 0 0 0 rg BT 101.11 450.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 141.36 450.60 Td (ef) Tj ET Q q 0 0 0 rg BT 148.95 450.60 Td (ficiency) Tj ET Q q 0 0 0 rg BT 180.50 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 185.50 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.44 450.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 239.93 450.60 Td (costs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 72.00 426.60 Td (BUSINESS ) Tj ET Q q 0 0 0 rg BT 122.86 426.60 Td (OUTLOOK) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 111.71 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.03 402.60 Td (mid-2016, ) Tj ET Q q 0 0 0 rg BT 165.95 402.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 205.16 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.26 402.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 244.68 402.60 Td (reversed ) Tj ET Q q 0 0 0 rg BT 281.09 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.84 402.60 Td (previous ) Tj ET Q q 0 0 0 rg BT 332.82 402.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 372.58 402.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 417.34 402.60 Td (trend, ) Tj ET Q q 0 0 0 rg BT 442.92 402.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 486.56 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.88 402.60 Td (per) Tj ET Q q 0 0 0 rg BT 509.45 402.60 Td (-barrel ) Tj ET Q q 0 0 0 rg BT 538.64 402.60 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.88 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.69 390.60 Td (low ) Tj ET Q q 0 0 0 rg BT 92.29 390.60 Td ($50) Tj ET Q q 0 0 0 rg BT 110.06 390.60 Td (s ) Tj ET Q q 0 0 0 rg BT 116.55 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 126.93 390.60 Td (late ) Tj ET Q q 0 0 0 rg BT 143.96 390.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 166.55 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.59 390.60 Td (early ) Tj ET Q q 0 0 0 rg BT 206.17 390.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 231.27 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.68 390.60 Td (While ) Tj ET Q q 0 0 0 rg BT 260.71 390.60 Td (these ) Tj ET Q q 0 0 0 rg BT 283.85 390.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 323.11 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 336.27 390.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 362.74 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 377.54 390.60 Td (an ) Tj ET Q q 0 0 0 rg BT 389.58 390.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 445.49 390.60 Td (from ) Tj ET Q q 0 0 0 rg BT 467.53 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.34 390.60 Td (lows ) Tj ET Q q 0 0 0 rg BT 503.83 390.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 554.73 390.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (February ) Tj ET Q q 0 0 0 rg BT 88.10 378.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 113.11 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 127.28 378.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 164.22 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.50 378.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 209.76 378.60 Td (caution ) Tj ET Q q 0 0 0 rg BT 241.70 378.60 Td (when ) Tj ET Q q 0 0 0 rg BT 265.87 378.60 Td (determining ) Tj ET Q q 0 0 0 rg BT 316.70 378.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 345.85 378.60 Td (budgets ) Tj ET Q q 0 0 0 rg BT 379.47 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.41 378.60 Td (finalizing ) Tj ET Q q 0 0 0 rg BT 437.24 378.60 Td (field ) Tj ET Q q 0 0 0 rg BT 458.07 378.60 Td (development ) Tj ET Q q 0 0 0 rg BT 512.23 378.60 Td (plans, ) Tj ET Q q 0 0 0 rg BT 538.34 378.60 Td (as ) Tj ET Q q 0 0 0 rg BT 549.18 378.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 83.12 366.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 106.75 366.60 Td (continues ) Tj ET Q q 0 0 0 rg BT 147.04 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 156.79 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 168.20 366.60 Td (on ) Tj ET Q q 0 0 0 rg BT 180.16 366.60 Td (preserving ) Tj ET Q q 0 0 0 rg BT 224.34 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.64 366.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 276.58 366.60 Td (strength ) Tj ET Q q 0 0 0 rg BT 310.77 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.18 366.60 Td (flexibility) Tj ET Q q 0 0 0 rg BT 365.96 366.60 Td (. ) Tj ET Q q 0 0 0 rg BT 370.43 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.40 366.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 398.81 366.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 450.75 366.60 Td (around ) Tj ET Q q 0 0 0 rg BT 480.49 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 493.02 366.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 518.86 366.60 Td (using ) Tj ET Q q 0 0 0 rg BT 542.50 366.60 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 88.55 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.48 354.60 Td (futures ) Tj ET Q q 0 0 0 rg BT 131.63 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.45 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.16 354.60 Td (current ) Tj ET Q q 0 0 0 rg BT 194.86 354.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 229.45 354.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 257.66 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 273.37 354.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 295.75 354.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 324.78 354.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 363.27 354.60 Td (has ) Tj ET Q q 0 0 0 rg BT 378.98 354.60 Td (initially ) Tj ET Q q 0 0 0 rg BT 412.47 354.60 Td (been ) Tj ET Q q 0 0 0 rg BT 433.73 354.60 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 472.76 354.60 Td (at ) Tj ET Q q 0 0 0 rg BT 482.36 354.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 542.50 354.60 Td ($300 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 83.00 342.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 124.53 342.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 169.94 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 201.48 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.03 342.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 270.40 342.60 Td (an ) Tj ET Q q 0 0 0 rg BT 281.95 342.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 316.80 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.24 342.60 Td (44% ) Tj ET Q q 0 0 0 rg BT 347.67 342.60 Td (over ) Tj ET Q q 0 0 0 rg BT 367.55 342.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 389.65 342.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 427.86 342.60 Td (levels. ) Tj ET Q q 0 0 0 rg BT 455.79 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 457.75 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 466.78 342.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 479.45 342.60 Td (this ) Tj ET Q q 0 0 0 rg BT 496.00 342.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 535.86 342.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 88.89 330.60 Td (level, ) Tj ET Q q 0 0 0 rg BT 114.10 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 129.05 330.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 168.42 330.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 210.57 330.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 233.85 330.60 Td (average ) Tj ET Q q 0 0 0 rg BT 268.22 330.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 291.49 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 338.10 330.60 Td (will ) Tj ET Q q 0 0 0 rg BT 356.94 330.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 387.98 330.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 429.02 330.60 Td (flat ) Tj ET Q q 0 0 0 rg BT 445.63 330.60 Td (with ) Tj ET Q q 0 0 0 rg BT 466.69 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 483.30 330.60 Td (exit ) Tj ET Q q 0 0 0 rg BT 501.58 330.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 519.84 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 530.90 330.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 554.18 330.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (roughly ) Tj ET Q q 0 0 0 rg BT 83.64 318.60 Td (60,000 ) Tj ET Q q 0 0 0 rg BT 114.17 318.60 Td (BOE/d. ) Tj ET Q q 0 0 0 rg BT 147.48 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.51 318.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 177.98 318.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 201.01 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.37 318.60 Td (current ) Tj ET Q q 0 0 0 rg BT 248.72 318.60 Td (production ) Tj ET Q q 0 0 0 rg BT 295.08 318.60 Td (forecast ) Tj ET Q q 0 0 0 rg BT 329.75 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.22 318.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 378.02 318.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 417.15 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.96 318.60 Td (place, ) Tj ET Q q 0 0 0 rg BT 454.58 318.60 Td (using ) Tj ET Q q 0 0 0 rg BT 479.28 318.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 517.85 318.60 Td (average ) Tj ET Q q 0 0 0 rg BT 551.96 318.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.15 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 84.71 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.70 306.60 Td (mid-$50) Tj ET Q q 0 0 0 rg BT 135.37 306.60 Td (s ) Tj ET Q q 0 0 0 rg BT 141.04 306.60 Td (per ) Tj ET Q q 0 0 0 rg BT 155.58 306.60 Td (barrel ) Tj ET Q q 0 0 0 rg BT 180.68 306.60 Td (during ) Tj ET Q q 0 0 0 rg BT 208.56 306.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 232.84 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 246.28 306.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 284.15 306.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 312.02 306.60 Td (that ) Tj ET Q q 0 0 0 rg BT 328.79 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 343.90 306.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.33 306.60 Td (would ) Tj ET Q q 0 0 0 rg BT 414.11 306.60 Td (internally ) Tj ET Q q 0 0 0 rg BT 454.21 306.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 474.31 306.60 Td (all ) Tj ET Q q 0 0 0 rg BT 486.09 306.60 Td (but ) Tj ET Q q 0 0 0 rg BT 500.64 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 506.86 306.60 Td (minor ) Tj ET Q q 0 0 0 rg BT 532.52 306.60 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.24 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 73.98 294.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 95.39 294.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 123.45 294.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 160.97 294.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 189.60 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.34 294.60 Td ($300 ) Tj ET Q q 0 0 0 rg BT 220.75 294.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 253.55 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 254.86 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 263.49 294.60 Td (e ) Tj ET Q q 0 0 0 rg BT 269.34 294.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 306.85 294.60 Td (intend ) Tj ET Q q 0 0 0 rg BT 333.25 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.44 294.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 362.18 294.60 Td (any ) Tj ET Q q 0 0 0 rg BT 378.03 294.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 414.43 294.60 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 449.17 294.60 Td (with ) Tj ET Q q 0 0 0 rg BT 468.35 294.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 516.96 294.60 Td (borrowings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.45 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 78.72 282.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 106.11 282.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 139.59 282.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 161.98 282.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 187.69 282.60 Td (facility) Tj ET Q q 0 0 0 rg BT 215.36 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 220.81 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.19 282.60 Td (as ) Tj ET Q q 0 0 0 rg BT 249.47 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.75 282.60 Td (December ) Tj ET Q q 0 0 0 rg BT 304.78 282.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 320.22 282.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 345.67 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.28 282.60 Td (had ) Tj ET Q q 0 0 0 rg BT 377.66 282.60 Td (ample ) Tj ET Q q 0 0 0 rg BT 405.04 282.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 452.97 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 465.92 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 482.20 282.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 509.58 282.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 543.07 282.60 Td (bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.76 270.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 105.58 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.86 270.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 140.57 270.60 Td (any ) Tj ET Q q 0 0 0 rg BT 157.51 270.60 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 205.53 270.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 225.80 270.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 246.63 270.60 Td (shortfall.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.48 246.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 114.56 246.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 153.10 246.60 Td (during ) Tj ET Q q 0 0 0 rg BT 181.64 246.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 204.06 246.60 Td (will ) Tj ET Q q 0 0 0 rg BT 222.05 246.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 246.14 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 285.78 246.60 Td (on ) Tj ET Q q 0 0 0 rg BT 298.21 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.86 246.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 354.72 246.60 Td (development ) Tj ET Q q 0 0 0 rg BT 408.80 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 419.56 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 435.32 246.60 Td (current ) Tj ET Q q 0 0 0 rg BT 466.06 246.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 497.36 246.60 Td (floods, ) Tj ET Q q 0 0 0 rg BT 527.29 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 547.50 246.60 Td (less ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 73.63 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 86.11 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.80 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 154.92 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.72 234.60 Td (unproved ) Tj ET Q q 0 0 0 rg BT 205.96 234.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 243.70 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 246.17 234.60 Td (Planned ) Tj ET Q q 0 0 0 rg BT 280.86 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 334.98 234.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 373.56 234.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 414.34 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.60 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.29 234.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 487.32 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 504.79 234.60 Td (follow ) Tj ET Q q 0 0 0 rg BT 533.37 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 553.06 234.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 84.18 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 96.10 222.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 135.79 222.60 Td (during ) Tj ET Q q 0 0 0 rg BT 165.49 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.30 222.60 Td (course ) Tj ET Q q 0 0 0 rg BT 210.98 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.90 222.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 246.49 222.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 291.74 222.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 332.54 222.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 356.13 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 370.27 222.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 397.74 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.76 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.68 222.60 Td (level ) Tj ET Q q 0 0 0 rg BT 455.71 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.63 222.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 488.98 222.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 510.90 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 522.27 222.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 544.19 222.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 106.07 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.93 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 137.01 210.60 Td (will ) Tj ET Q q 0 0 0 rg BT 154.99 210.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 191.85 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 202.05 210.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 237.78 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 252.42 210.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 280.96 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 291.71 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.35 210.60 Td (development ) Tj ET Q q 0 0 0 rg BT 360.42 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.17 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.92 210.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 427.67 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.42 210.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 463.06 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.92 210.60 Td (related ) Tj ET Q q 0 0 0 rg BT 509.54 210.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 548.07 210.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (facilities. ) Tj ET Q q 0 0 0 rg BT 88.54 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.19 198.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 140.10 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.71 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 158.49 198.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 177.82 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 187.71 198.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 224.26 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.71 198.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 263.48 198.60 Td (on ) Tj ET Q q 0 0 0 rg BT 275.60 198.60 Td (improving ) Tj ET Q q 0 0 0 rg BT 319.38 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 334.83 198.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 367.47 198.60 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 392.64 198.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 442.52 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 459.08 198.60 Td (enhancing ) Tj ET Q q 0 0 0 rg BT 502.29 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.62 198.60 Td (ef) Tj ET Q q 0 0 0 rg BT 524.21 198.60 Td (ficiencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (achieved ) Tj ET Q q 0 0 0 rg BT 88.15 186.60 Td (over ) Tj ET Q q 0 0 0 rg BT 109.03 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.36 186.60 Td (last ) Tj ET Q q 0 0 0 rg BT 141.37 186.60 Td (couple ) Tj ET Q q 0 0 0 rg BT 171.14 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 182.58 186.60 Td (years ) Tj ET Q q 0 0 0 rg BT 206.79 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.35 186.60 Td (pursuing ) Tj ET Q q 0 0 0 rg BT 262.46 186.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 318.35 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 329.25 186.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 365.12 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.56 186.60 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 419.63 186.60 Td (growth. ) Tj ET Q q 0 0 0 rg BT 453.58 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.47 186.60 Td (W) Tj ET Q q 0 0 0 rg BT 465.10 186.60 Td (e ) Tj ET Q q 0 0 0 rg BT 472.66 186.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 504.65 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.98 186.60 Td (market ) Tj ET Q q 0 0 0 rg BT 550.86 186.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 100.04 174.60 Td (is ) Tj ET Q q 0 0 0 rg BT 109.47 174.60 Td (improving ) Tj ET Q q 0 0 0 rg BT 153.90 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 171.11 174.60 Td (under ) Tj ET Q q 0 0 0 rg BT 196.64 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.62 174.60 Td (right ) Tj ET Q q 0 0 0 rg BT 233.27 174.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 277.71 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 294.91 174.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 319.89 174.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 370.43 174.60 Td (could ) Tj ET Q q 0 0 0 rg BT 395.41 174.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 428.72 174.60 Td (one ) Tj ET Q q 0 0 0 rg BT 445.93 174.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 483.68 174.60 Td (way ) Tj ET Q q 0 0 0 rg BT 503.11 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 513.65 174.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 549.17 174.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (growth. ) Tj ET Q q 0 0 0 rg BT 82.75 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.18 162.60 Td (In ) Tj ET Q q 0 0 0 rg BT 95.93 162.60 Td (light ) Tj ET Q q 0 0 0 rg BT 116.69 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 127.45 162.60 Td (this, ) Tj ET Q q 0 0 0 rg BT 146.82 162.60 Td (we ) Tj ET Q q 0 0 0 rg BT 160.90 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 175.54 162.60 Td (focusing ) Tj ET Q q 0 0 0 rg BT 212.40 162.60 Td (on ) Tj ET Q q 0 0 0 rg BT 224.82 162.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 271.13 162.60 Td (ef) Tj ET Q q 0 0 0 rg BT 278.72 162.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 299.47 162.60 Td (directed ) Tj ET Q q 0 0 0 rg BT 334.10 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 343.74 162.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.72 162.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 401.63 162.60 Td (preferably ) Tj ET Q q 0 0 0 rg BT 445.14 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 455.34 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 471.09 162.60 Td (two ) Tj ET Q q 0 0 0 rg BT 488.52 162.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 511.48 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.23 162.60 Td (operation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 66.72 150.60 Td (manner ) Tj ET Q q 0 0 0 rg BT 99.20 150.60 Td (that ) Tj ET Q q 0 0 0 rg BT 116.70 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 125.87 150.60 Td (accretive ) Tj ET Q q 0 0 0 rg BT 164.45 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.38 150.60 Td (does ) Tj ET Q q 0 0 0 rg BT 202.21 150.60 Td (not ) Tj ET Q q 0 0 0 rg BT 217.49 150.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 269.98 150.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 305.24 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.07 150.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 357.43 150.60 Td (or ) Tj ET Q q 0 0 0 rg BT 368.26 150.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 397.41 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 413.24 150.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 446.48 150.60 Td (.) Tj ET Q endstream endobj 15 0 obj <> endobj 16 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (7) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 88.21 726.75 Td (TED ) Tj ET Q q 0 0 0 rg BT 111.92 726.75 Td (NET) Tj ET Q q 0 0 0 rg BT 132.31 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 135.46 726.75 Td (QUANTITIES ) Tj ET Q q 0 0 0 rg BT 201.41 726.75 Td (OF) Tj ET Q q 0 0 0 rg BT 214.92 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 218.07 726.75 Td (PROVED ) Tj ET Q q 0 0 0 rg BT 263.45 726.75 Td (OIL) Tj ET Q q 0 0 0 rg BT 281.24 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 283.69 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 308.51 726.75 Td (NA) Tj ET Q q 0 0 0 rg BT 322.21 726.75 Td (TURAL) Tj ET Q q 0 0 0 rg BT 356.66 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 359.81 726.75 Td (GAS ) Tj ET Q q 0 0 0 rg BT 383.53 726.75 Td (RESER) Tj ET Q q 0 0 0 rg BT 416.52 726.75 Td (VES ) Tj ET Q q 0 0 0 rg BT 438.43 726.75 Td (AND ) Tj ET Q q 0 0 0 rg BT 463.25 726.75 Td (PRESENT) Tj ET Q q 0 0 0 rg BT 509.19 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 512.11 726.75 Td (V) Tj ET Q q 0 0 0 rg BT 518.05 726.75 Td (ALUE ) Tj ET Q q 0 0 0 rg BT 548.98 726.75 Td (OF) Tj ET Q q 0 0 0 rg BT 562.50 726.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 88.21 714.75 Td (TED ) Tj ET Q q 0 0 0 rg BT 111.27 714.75 Td (FUTURE ) Tj ET Q q 0 0 0 rg BT 154.89 714.75 Td (NET) Tj ET Q q 0 0 0 rg BT 175.27 714.75 Td ( ) Tj ET Q q 0 0 0 rg BT 177.77 714.75 Td (REVENUES) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 690.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 690.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 690.75 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 175.33 690.75 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.75 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 109.23 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 125.96 666.75 Td (MacNaughton ) Tj ET Q q 0 0 0 rg BT 185.47 666.75 Td (\(D&M\) ) Tj ET Q q 0 0 0 rg BT 227.20 666.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 264.47 666.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 303.98 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 314.61 666.75 Td (our ) Tj ET Q q 0 0 0 rg BT 330.24 666.75 Td (net ) Tj ET Q q 0 0 0 rg BT 344.76 666.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.82 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 387.68 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 404.42 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 434.48 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 450.11 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 485.17 666.75 Td (as ) Tj ET Q q 0 0 0 rg BT 495.79 666.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 666.75 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 654.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.97 654.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.97 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.93 654.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.33 654.75 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.33 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 138.30 654.75 Td (\(see ) Tj ET Q q 0 0 0 rg BT 157.36 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.55 654.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 212.73 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 224.02 654.75 Td (D&M) Tj ET Q q 0 0 0 rg BT 250.69 654.75 Td (s ) Tj ET Q q 0 0 0 rg BT 257.55 654.75 Td (report ) Tj ET Q q 0 0 0 rg BT 284.39 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 295.69 654.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.98 654.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 366.03 654.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.03 654.75 Td (, ) Tj ET Q q 0 0 0 rg BT 391.50 654.75 Td (included ) Tj ET Q q 0 0 0 rg BT 428.90 654.75 Td (as ) Tj ET Q q 0 0 0 rg BT 440.19 654.75 Td (an ) Tj ET Q q 0 0 0 rg BT 452.60 654.75 Td (exhibit ) Tj ET Q q 0 0 0 rg BT 483.33 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 494.08 654.75 Td (this ) Tj ET Q q 0 0 0 rg BT 511.49 654.75 Td (Form ) Tj ET Q q 0 0 0 rg BT 536.13 654.75 Td (10-K\). ) Tj ET Q q 0 0 0 rg BT 565.01 654.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (These ) Tj ET Q q 0 0 0 rg BT 75.13 642.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 114.10 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 124.18 642.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 158.70 642.75 Td (were ) Tj ET Q q 0 0 0 rg BT 179.88 642.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 216.61 642.75 Td (using ) Tj ET Q q 0 0 0 rg BT 240.03 642.75 Td (an ) Tj ET Q q 0 0 0 rg BT 251.23 642.75 Td (average ) Tj ET Q q 0 0 0 rg BT 284.06 642.75 Td (price ) Tj ET Q q 0 0 0 rg BT 305.80 642.75 Td (equal ) Tj ET Q q 0 0 0 rg BT 329.21 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.75 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 352.72 642.75 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 401.13 642.75 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 443.42 642.75 Td (average ) Tj ET Q q 0 0 0 rg BT 476.26 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.34 642.75 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 538.63 642.75 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 62.45 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 77.62 630.75 Td (first ) Tj ET Q q 0 0 0 rg BT 96.67 630.75 Td (day ) Tj ET Q q 0 0 0 rg BT 114.06 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 125.34 630.75 Td (each ) Tj ET Q q 0 0 0 rg BT 146.60 630.75 Td (month ) Tj ET Q q 0 0 0 rg BT 175.11 630.75 Td (within ) Tj ET Q q 0 0 0 rg BT 203.62 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.78 630.75 Td (12-month ) Tj ET Q q 0 0 0 rg BT 260.62 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 289.11 630.75 Td (in ) Tj ET Q q 0 0 0 rg BT 299.84 630.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 347.75 630.75 Td (with ) Tj ET Q q 0 0 0 rg BT 368.48 630.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 390.87 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 408.25 630.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 455.64 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 466.92 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 482.08 630.75 Td (SEC.) Tj ET Q q 0 0 0 rg BT 507.74 630.75 Td (These ) Tj ET Q q 0 0 0 rg BT 534.57 630.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 630.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.07 618.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.21 618.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 127.89 618.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 167.91 618.75 Td (do ) Tj ET Q q 0 0 0 rg BT 180.72 618.75 Td (not ) Tj ET Q q 0 0 0 rg BT 196.31 618.75 Td (include ) Tj ET Q q 0 0 0 rg BT 228.55 618.75 Td (any ) Tj ET Q q 0 0 0 rg BT 245.80 618.75 Td (value ) Tj ET Q q 0 0 0 rg BT 270.26 618.75 Td (for ) Tj ET Q q 0 0 0 rg BT 284.73 618.75 Td (probable ) Tj ET Q q 0 0 0 rg BT 322.52 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 333.66 618.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 369.25 618.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 404.82 618.75 Td (that ) Tj ET Q q 0 0 0 rg BT 422.62 618.75 Td (may ) Tj ET Q q 0 0 0 rg BT 442.65 618.75 Td (exist, ) Tj ET Q q 0 0 0 rg BT 466.84 618.75 Td (nor ) Tj ET Q q 0 0 0 rg BT 482.98 618.75 Td (do ) Tj ET Q q 0 0 0 rg BT 495.79 618.75 Td (they ) Tj ET Q q 0 0 0 rg BT 515.82 618.75 Td (include ) Tj ET Q q 0 0 0 rg BT 548.06 618.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 606.75 Td (for ) Tj ET Q q 0 0 0 rg BT 87.82 606.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 141.41 606.75 Td (acreage.) Tj ET Q q 0 0 0 rg BT 179.25 606.75 Td (The ) Tj ET Q q 0 0 0 rg BT 197.30 606.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 228.67 606.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 268.38 606.75 Td (represent ) Tj ET Q q 0 0 0 rg BT 307.52 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 323.35 606.75 Td (net ) Tj ET Q q 0 0 0 rg BT 338.07 606.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 372.21 606.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 404.15 606.75 Td (in ) Tj ET Q q 0 0 0 rg BT 414.43 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 430.26 606.75 Td (properties.) Tj ET Q endstream endobj 17 0 obj <> endobj 18 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.92 726.60 Td (following ) Tj ET Q q 0 0 0 rg BT 127.68 726.60 Td (table ) Tj ET Q q 0 0 0 rg BT 149.99 726.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 187.30 726.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 228.49 726.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 259.14 726.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 290.88 726.60 Td (information ) Tj ET Q q 0 0 0 rg BT 340.96 726.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 378.81 726.60 Td (by ) Tj ET Q q 0 0 0 rg BT 391.68 726.60 Td (D&M ) Tj ET Q q 0 0 0 rg BT 418.45 726.60 Td (as ) Tj ET Q q 0 0 0 rg BT 429.65 726.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.86 726.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.81 726.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.81 726.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.19 726.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.19 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 726.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 73.78 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 83.89 714.60 Td (well ) Tj ET Q q 0 0 0 rg BT 102.88 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 112.99 714.60 Td (PV) Tj ET Q q 0 0 0 rg BT 124.86 714.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 139.84 714.60 Td (V) Tj ET Q q 0 0 0 rg BT 145.95 714.60 Td (alues ) Tj ET Q q 0 0 0 rg BT 168.28 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.49 714.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 238.47 714.60 Td (Measures ) Tj ET Q q 0 0 0 rg BT 278.57 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 292.01 714.60 Td (each ) Tj ET Q q 0 0 0 rg BT 312.11 714.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 341.93 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.58 714.60 Td (There ) Tj ET Q q 0 0 0 rg BT 368.68 714.60 Td (are ) Tj ET Q q 0 0 0 rg BT 382.66 714.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 423.88 714.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 476.75 714.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 511.29 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 714.60 Td (estimating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.67 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 103.30 702.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 134.36 702.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.21 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 165.94 702.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 196.99 702.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 213.62 702.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 249.67 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.40 702.60 Td (their ) Tj ET Q q 0 0 0 rg BT 289.02 702.60 Td (values, ) Tj ET Q q 0 0 0 rg BT 320.36 702.60 Td (including ) Tj ET Q q 0 0 0 rg BT 361.42 702.60 Td (many ) Tj ET Q q 0 0 0 rg BT 386.93 702.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 417.43 702.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 450.16 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 466.78 702.60 Td (control.Proved ) Tj ET Q q 0 0 0 rg BT 534.23 702.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 702.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.19 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.44 690.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 128.23 690.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 170.04 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.40 690.60 Td (values ) Tj ET Q q 0 0 0 rg BT 215.87 690.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 257.11 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.81 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.95 690.60 Td (table ) Tj ET Q q 0 0 0 rg BT 305.31 690.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 333.77 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.91 690.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 394.04 690.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 425.84 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 436.54 690.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 485.02 690.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 511.82 690.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 554.74 690.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (late ) Tj ET Q q 0 0 0 rg BT 67.17 678.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 90.40 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.07 678.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 154.08 678.60 Td (through ) Tj ET Q q 0 0 0 rg BT 188.42 678.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 214.16 678.60 Td (whereby ) Tj ET Q q 0 0 0 rg BT 251.82 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 267.27 678.60 Td (average ) Tj ET Q q 0 0 0 rg BT 301.59 678.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 394.79 678.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 434.69 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 448.48 678.60 Td (price ) Tj ET Q q 0 0 0 rg BT 471.70 678.60 Td (used ) Tj ET Q q 0 0 0 rg BT 493.27 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 504.28 678.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 549.17 678.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.46 666.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.41 666.60 Td (declined ) Tj ET Q q 0 0 0 rg BT 150.47 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 172.09 666.60 Td ($94.99 ) Tj ET Q q 0 0 0 rg BT 201.78 666.60 Td (per ) Tj ET Q q 0 0 0 rg BT 216.74 666.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 233.38 666.60 Td (at ) Tj ET Q q 0 0 0 rg BT 242.78 666.60 Td (December ) Tj ET Q q 0 0 0 rg BT 286.06 666.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 300.75 666.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 325.43 666.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.40 666.60 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.90 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 365.09 666.60 Td (per ) Tj ET Q q 0 0 0 rg BT 380.05 666.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 396.69 666.60 Td (at ) Tj ET Q q 0 0 0 rg BT 406.09 666.60 Td (December ) Tj ET Q q 0 0 0 rg BT 449.36 666.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 464.05 666.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 488.74 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.37 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.22 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 666.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (declined ) Tj ET Q q 0 0 0 rg BT 86.43 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 108.92 654.60 Td ($4.30 ) Tj ET Q q 0 0 0 rg BT 134.48 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 150.31 654.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 185.59 654.60 Td (at ) Tj ET Q q 0 0 0 rg BT 195.87 654.60 Td (December ) Tj ET Q q 0 0 0 rg BT 240.01 654.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 255.56 654.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 281.12 654.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.96 654.60 Td ($2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.46 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 317.51 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 333.34 654.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 368.63 654.60 Td (at ) Tj ET Q q 0 0 0 rg BT 378.90 654.60 Td (December ) Tj ET Q q 0 0 0 rg BT 423.04 654.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 438.60 654.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 464.15 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.99 654.60 Td (These ) Tj ET Q q 0 0 0 rg BT 493.92 654.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 542.53 654.60 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.47 642.60 Td (contributed ) Tj ET Q q 0 0 0 rg BT 132.77 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.32 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.29 642.60 Td (lar) Tj ET Q q 0 0 0 rg BT 168.66 642.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 187.53 642.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 219.18 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 230.27 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 245.25 642.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 276.89 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 287.43 642.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 317.96 642.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 355.98 642.60 Td (including ) Tj ET Q q 0 0 0 rg BT 396.52 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 403.72 642.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 435.35 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 446.45 642.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 506.97 642.60 Td (126 ) Tj ET Q q 0 0 0 rg BT 524.73 642.60 Td (MMBOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (\(29%\) ) Tj ET Q q 0 0 0 rg BT 77.23 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 87.75 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 103.82 630.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 134.32 630.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 169.82 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 192.00 630.60 Td (December ) Tj ET Q q 0 0 0 rg BT 235.82 630.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 251.06 630.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 276.30 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.82 630.60 Td (December ) Tj ET Q q 0 0 0 rg BT 330.64 630.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 345.88 630.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 371.12 630.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 431.62 630.60 Td (half ) Tj ET Q q 0 0 0 rg BT 449.91 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.97 630.60 Td (which ) Tj ET Q q 0 0 0 rg BT 488.15 630.60 Td (was ) Tj ET Q q 0 0 0 rg BT 506.44 630.60 Td (attributable ) Tj ET Q q 0 0 0 rg BT 554.72 630.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.57 618.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.21 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 130.27 618.60 Td (at ) Tj ET Q q 0 0 0 rg BT 139.80 618.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 163.77 618.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 189.96 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 207.27 618.60 Td (were ) Tj ET Q q 0 0 0 rg BT 229.00 618.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 276.84 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.59 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 308.10 618.60 Td (no ) Tj ET Q q 0 0 0 rg BT 320.41 618.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 348.26 618.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 393.88 618.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 423.96 618.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 461.53 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 463.83 618.60 Td (See ) Tj ET Q q 0 0 0 rg BT 480.58 618.60 Td (also ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 498.99 618.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 514.08 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 531.39 618.60 Td (Natural ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 68.29 606.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.29 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.97 606.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 123.65 606.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 147.44 606.60 Td (Summary ) Tj ET Q q 0 0 0 rg BT 187.89 606.60 Td (T) Tj ET Q q 0 0 0 rg BT 192.53 606.60 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.75 606.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.93 606.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 235.93 606.60 Td (1A, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 253.33 606.60 Td (Risk ) Tj ET Q q 0 0 0 rg BT 273.23 606.60 Td (Factors ) Tj ET Q q 0 0 0 rg BT 307.02 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.70 606.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 360.71 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 377.29 606.60 Td (r) Tj ET Q q 0 0 0 rg BT 380.81 606.60 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 415.41 606.60 Td (pr) Tj ET Q q 0 0 0 rg BT 423.93 606.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 461.61 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.29 606.60 Td (futur) Tj ET Q q 0 0 0 rg BT 498.37 606.60 Td (e ) Tj ET Q q 0 0 0 rg BT 505.48 606.60 Td (net ) Tj ET Q q 0 0 0 rg BT 520.38 606.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 541.39 606.60 Td (flows ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.27 594.60 Td (difficult ) Tj ET Q q 0 0 0 rg BT 91.47 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.35 594.60 Td (do ) Tj ET Q q 0 0 0 rg BT 113.45 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 132.77 594.60 Td (any ) Tj ET Q q 0 0 0 rg BT 149.30 594.60 Td (certainty) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.85 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 189.44 594.60 Td (and) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 206.38 594.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 262.91 594.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 277.79 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 294.89 594.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 328.10 594.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 346.31 594.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 384.83 594.60 Td (es ) Tj ET Q q 0 0 0 rg BT 395.26 594.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.14 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.23 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.11 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.42 594.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 525.29 594.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 582.60 Td (for ) Tj ET Q q 0 0 0 rg BT 110.04 582.60 Td (further ) Tj ET Q q 0 0 0 rg BT 139.75 582.60 Td (discussion ) Tj ET Q q 0 0 0 rg BT 183.92 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.75 582.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 226.12 582.60 Td (inputs ) Tj ET Q q 0 0 0 rg BT 253.06 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 270.00 582.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 304.71 582.60 Td (between ) Tj ET Q q 0 0 0 rg BT 340.53 582.60 Td (periods.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 542.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 542.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 542.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 542.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 542.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 542.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 512.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 512.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 512.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 512.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 512.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 512.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 482.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 482.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 482.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 482.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 482.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 482.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 452.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 452.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 452.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 452.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 452.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 452.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 422.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 422.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 422.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 422.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 422.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 422.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 392.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 392.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 392.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 392.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 392.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 392.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 362.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 362.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 362.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 362.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 362.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 362.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 332.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 332.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 332.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 332.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 332.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 332.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 302.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 302.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 302.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 302.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 302.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 302.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 272.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 272.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 272.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 272.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 272.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 272.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 242.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 242.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 242.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 242.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 242.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 242.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 212.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 212.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 212.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 212.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 212.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 212.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 182.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 182.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 182.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 182.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 182.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 182.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 142.10 309.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 142.10 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 142.10 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 142.10 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 142.10 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 142.10 65.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 557.1 m 424 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 557.1 m 428 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 557.1 m 493 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 557.1 m 497 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 557.1 m 562 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 557.1 m 424 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 542.1 m 424 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 557.1 m 493 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 542.1 m 493 542.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 557.1 m 562 557.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 542.1 m 562 542.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 561.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 561.77 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 546.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 546.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 546.77 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 546.77 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 531.78 Td (Estimated proved reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 531.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 531.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 531.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 516.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 516.77 Td (247,103) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 516.77 Td (282,250) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 516.77 Td (362,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 501.77 Td (Natural gas \(MMcf\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 147.53 506.30 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 501.77 Td (44,315) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 501.77 Td (38,305) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 501.77 Td (452,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 486.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 486.77 Td (254,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 486.77 Td (288,634) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 486.77 Td (437,735) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 471.78 Td (Reserve volumes categories) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 471.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 471.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 471.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 456.77 Td (Proved developed producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 456.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 456.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 456.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 441.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 441.77 Td (170,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 441.77 Td (190,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 441.77 Td (240,004) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 426.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 426.77 Td (40,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 426.77 Td (36,150) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 426.77 Td (72,799) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 411.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 411.77 Td (176,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 411.77 Td (196,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 411.77 Td (252,137) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 396.77 Td (Proved developed non-producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 396.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 396.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 396.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 381.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 381.77 Td (31,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 381.77 Td (32,638) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 381.77 Td (29,373) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 366.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 366.77 Td (3,788) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 366.77 Td (1,801) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 366.77 Td (343,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 351.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 351.77 Td (32,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 351.77 Td (32,938) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 351.77 Td (86,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 336.77 Td (Proved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 336.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 336.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 336.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 321.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 321.77 Td (45,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 321.77 Td (59,190) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 321.77 Td (92,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 306.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.15 306.77 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.15 306.77 Td (354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 306.77 Td (35,981) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 291.77 Td (Oil equivalent \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 291.77 Td (45,244) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 291.77 Td (59,249) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 291.77 Td (98,955) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 276.78 Td (Percentage of total MBOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 276.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 276.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 276.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 261.77 Td (Proved developed producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 261.77 Td (69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 261.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 261.77 Td (68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 261.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 261.77 Td (57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 261.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 246.77 Td (Proved developed non-producing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 246.77 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 246.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 246.77 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 246.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 246.77 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 246.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 231.77 Td (Proved undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 231.77 Td (18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 231.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 231.77 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 231.77 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 231.77 Td (23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 231.77 Td (%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 216.78 Td (Repr) Tj ET Q q 0 0 0 rg BT 73.98 216.78 Td (esentative oil and natural gas prices ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 228.97 221.31 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 216.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 216.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 216.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 201.77 Td (Oil NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 201.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 201.77 Td (42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 201.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 201.77 Td (50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 201.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 201.77 Td (94.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 186.77 Td (Natural gas Henry Hub) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 186.77 Td (2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 186.77 Td (2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 186.77 Td (4.30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 171.78 Td (Pr) Tj ET Q q 0 0 0 rg BT 62.87 171.78 Td (esent values \(in thousands\) ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 179.56 176.31 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 171.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 171.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 171.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 156.77 Td (Discounted estimated future net cash flows before income taxes \(PV) Tj ET Q q 0 0 0 rg BT 337.66 156.77 Td (-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 146.77 Td (V) Tj ET Q q 0 0 0 rg BT 79.61 146.77 Td (alue\) ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.10 151.30 Td (\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 146.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 146.77 Td (1,541,684) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 146.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 146.77 Td (2,318,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 146.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 146.77 Td (8,748,069) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 131.77 Td (Standardized measure of discounted estimated future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.50 121.77 Td (after income taxes \(Standardized Measure\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 121.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 121.77 Td (1,399,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 121.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 121.77 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 121.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 121.77 Td (5,908,128) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 93.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.11 93.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 131.39 93.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 168.88 93.60 Td (in ) Tj ET Q q 0 0 0 rg BT 179.72 93.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 210.55 93.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 226.95 93.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 262.78 93.60 Td (reflects ) Tj ET Q q 0 0 0 rg BT 295.27 93.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.56 93.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 342.50 93.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.34 93.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 401.96 93.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 428.91 93.60 Td (between ) Tj ET Q q 0 0 0 rg BT 465.29 93.60 Td (December ) Tj ET Q q 0 0 0 rg BT 509.44 93.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 525.01 93.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 548.08 93.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 81.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 92.42 81.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.30 81.60 Td (As ) Tj ET Q q 0 0 0 rg BT 107.83 81.60 Td (a ) Tj ET Q q 0 0 0 rg BT 114.68 81.60 Td (result ) Tj ET Q q 0 0 0 rg BT 139.32 81.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 81.60 Td (this ) Tj ET Q q 0 0 0 rg BT 166.93 81.60 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 206.26 81.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.44 81.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 252.18 81.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 287.36 81.60 Td (at ) Tj ET Q q 0 0 0 rg BT 296.99 81.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 321.07 81.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 347.37 81.60 Td (were ) Tj ET Q q 0 0 0 rg BT 369.22 81.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 417.17 81.60 Td (and ) Tj ET Q q 0 0 0 rg BT 434.02 81.60 Td (are ) Tj ET Q q 0 0 0 rg BT 448.64 81.60 Td (no ) Tj ET Q q 0 0 0 rg BT 461.06 81.60 Td (longer ) Tj ET Q q 0 0 0 rg BT 489.02 81.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 534.75 81.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 69.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 105.23 69.60 Td (and ) Tj ET Q q 0 0 0 rg BT 122.15 69.60 Td (which ) Tj ET Q q 0 0 0 rg BT 149.06 69.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 184.30 69.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 213.98 69.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 274.22 69.60 Td (368 ) Tj ET Q q 0 0 0 rg BT 291.69 69.60 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 308.61 69.60 Td (\(61 ) Tj ET Q q 0 0 0 rg BT 324.41 69.60 Td (MMBOE\) ) Tj ET Q q 0 0 0 rg BT 368.00 69.60 Td (as ) Tj ET Q q 0 0 0 rg BT 378.81 69.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.61 69.60 Td (December ) Tj ET Q q 0 0 0 rg BT 433.17 69.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 448.15 69.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 473.13 69.60 Td (or ) Tj ET Q q 0 0 0 rg BT 483.93 69.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 544.17 69.60 Td (81% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 57.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 57.60 Td (our ) Tj ET Q q 0 0 0 rg BT 94.16 57.60 Td (total ) Tj ET Q q 0 0 0 rg BT 114.43 57.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 144.70 57.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 174.97 57.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.80 57.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 226.05 57.60 Td (at ) Tj ET Q q 0 0 0 rg BT 235.77 57.60 Td (that ) Tj ET Q q 0 0 0 rg BT 253.27 57.60 Td (date.) Tj ET Q endstream endobj 19 0 obj <> endobj 20 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 30.60 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.28 714.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 124.70 714.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 150.82 714.60 Td (were ) Tj ET Q q 0 0 0 rg BT 172.48 714.60 Td (based ) Tj ET Q q 0 0 0 rg BT 197.49 714.60 Td (on ) Tj ET Q q 0 0 0 rg BT 209.72 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.17 714.60 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 266.95 714.60 Td (average ) Tj ET Q q 0 0 0 rg BT 300.27 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.83 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.29 714.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 417.50 714.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 456.40 714.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 504.18 714.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 530.30 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 714.60 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (month ) Tj ET Q q 0 0 0 rg BT 95.40 702.60 Td (during ) Tj ET Q q 0 0 0 rg BT 123.86 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.42 702.60 Td (respective ) Tj ET Q q 0 0 0 rg BT 181.30 702.60 Td (year) Tj ET Q q 0 0 0 rg BT 197.95 702.60 Td (. ) Tj ET Q q 0 0 0 rg BT 202.80 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 204.98 702.60 Td (These ) Tj ET Q q 0 0 0 rg BT 231.20 702.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 257.42 702.60 Td (do ) Tj ET Q q 0 0 0 rg BT 269.77 702.60 Td (not ) Tj ET Q q 0 0 0 rg BT 284.89 702.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 312.77 702.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 362.89 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.90 702.60 Td (market ) Tj ET Q q 0 0 0 rg BT 407.01 702.60 Td (dif) Tj ET Q q 0 0 0 rg BT 417.94 702.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 457.48 702.60 Td (by ) Tj ET Q q 0 0 0 rg BT 469.83 702.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.50 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 507.84 702.60 Td (are ) Tj ET Q q 0 0 0 rg BT 522.40 702.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 554.73 702.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 82.18 690.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 130.18 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 140.97 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 156.76 690.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 188.09 690.60 Td (report ) Tj ET Q q 0 0 0 rg BT 214.43 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.68 690.60 Td (arrive ) Tj ET Q q 0 0 0 rg BT 250.45 690.60 Td (at ) Tj ET Q q 0 0 0 rg BT 260.13 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 274.81 690.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 322.81 690.60 Td (net ) Tj ET Q q 0 0 0 rg BT 337.49 690.60 Td (price ) Tj ET Q q 0 0 0 rg BT 359.94 690.60 Td (we ) Tj ET Q q 0 0 0 rg BT 374.06 690.60 Td (receive. ) Tj ET Q q 0 0 0 rg BT 407.89 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 410.35 690.60 Td (See ) Tj ET Q q 0 0 0 rg BT 427.25 690.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 448.04 690.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.01 690.60 Td (Management) Tj ET Q q 0 0 0 rg BT 512.25 690.60 Td (s ) Tj ET Q q 0 0 0 rg BT 518.61 690.60 Td (Discussion ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.65 678.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 120.85 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 130.95 678.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 172.14 678.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 214.46 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.78 678.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 262.98 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 273.08 678.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 318.08 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 320.39 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 327.71 678.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 358.91 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 369.01 678.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 416.32 678.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 423.64 678.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 467.06 678.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 498.26 678.60 Td (T) Tj ET Q q 0 0 0 rg BT 502.91 678.60 Td (able) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 520.12 678.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.44 678.60 Td (for ) Tj ET Q q 0 0 0 rg BT 536.42 678.60 Td (details ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 91.39 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.33 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 138.59 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.42 666.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 180.80 666.60 Td (received, ) Tj ET Q q 0 0 0 rg BT 219.66 666.60 Td (both ) Tj ET Q q 0 0 0 rg BT 239.94 666.60 Td (including ) Tj ET Q q 0 0 0 rg BT 280.21 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.15 666.60 Td (excluding ) Tj ET Q q 0 0 0 rg BT 339.08 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 353.80 666.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 383.51 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 394.34 666.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.82 666.60 Td (settlements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Determined ) Tj ET Q q 0 0 0 rg BT 118.76 642.60 Td (based ) Tj ET Q q 0 0 0 rg BT 145.58 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 159.64 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 175.91 642.60 Td (average ) Tj ET Q q 0 0 0 rg BT 211.05 642.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 305.08 642.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 333.02 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 348.73 642.60 Td (each ) Tj ET Q q 0 0 0 rg BT 371.10 642.60 Td (month, ) Tj ET Q q 0 0 0 rg BT 403.22 642.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 440.60 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.43 642.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 480.37 642.60 Td (received ) Tj ET Q q 0 0 0 rg BT 518.29 642.60 Td (by ) Tj ET Q q 0 0 0 rg BT 532.34 642.60 Td (field ) Tj ET Q q 0 0 0 rg BT 554.73 642.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 114.86 630.60 Td (with ) Tj ET Q q 0 0 0 rg BT 135.03 630.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 175.19 630.60 Td (set ) Tj ET Q q 0 0 0 rg BT 188.70 630.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 210.53 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.70 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.31 630.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 274.39 630.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 323.44 630.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 365.28 630.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 392.11 630.60 Td (Codification ) Tj ET Q q 0 0 0 rg BT 444.50 630.60 Td (\(F) Tj ET Q q 0 0 0 rg BT 457.08 630.60 Td (ASC\). ) Tj ET Q q 0 0 0 rg BT 489.20 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 491.60 630.60 Td (PV) Tj ET Q q 0 0 0 rg BT 503.46 630.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 519.01 630.60 Td (V) Tj ET Q q 0 0 0 rg BT 525.13 630.60 Td (alues ) Tj ET Q q 0 0 0 rg BT 548.07 630.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 81.83 618.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 136.14 618.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 172.67 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 186.99 618.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 239.09 618.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 277.85 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 289.95 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.28 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 316.94 618.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 342.93 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 356.70 618.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 387.67 618.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 419.76 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 429.64 618.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 468.42 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.08 618.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 507.07 618.60 Td (\(our ) Tj ET Q q 0 0 0 rg BT 525.84 618.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 80.11 606.60 Td (price ) Tj ET Q q 0 0 0 rg BT 102.16 606.60 Td (dif) Tj ET Q q 0 0 0 rg BT 113.09 606.60 Td (ferential\). ) Tj ET Q q 0 0 0 rg BT 154.28 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.19 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 173.80 606.60 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 246.93 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.54 606.60 Td (price ) Tj ET Q q 0 0 0 rg BT 281.58 606.60 Td (dif) Tj ET Q q 0 0 0 rg BT 292.51 606.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 331.77 606.60 Td (utilized ) Tj ET Q q 0 0 0 rg BT 363.82 606.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.31 606.60 Td ($3.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.81 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.87 606.60 Td (per ) Tj ET Q q 0 0 0 rg BT 424.69 606.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 441.20 606.60 Td (below ) Tj ET Q q 0 0 0 rg BT 467.70 606.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 525.83 606.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 80.11 594.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 106.05 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 116.44 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.82 594.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 184.96 594.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.96 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 209.52 594.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 251.00 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 260.84 594.60 Td ($2.17 ) Tj ET Q q 0 0 0 rg BT 285.39 594.60 Td (per ) Tj ET Q q 0 0 0 rg BT 300.22 594.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 316.73 594.60 Td (below ) Tj ET Q q 0 0 0 rg BT 343.22 594.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 381.94 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 394.56 594.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 420.49 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 430.88 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.27 594.60 Td (December ) Tj ET Q q 0 0 0 rg BT 484.41 594.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.96 594.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.96 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 523.52 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.02 594.60 Td ($3.10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (per ) Tj ET Q q 0 0 0 rg BT 82.77 582.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 99.72 582.60 Td (below ) Tj ET Q q 0 0 0 rg BT 126.66 582.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 165.82 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.88 582.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 205.25 582.60 Td (as ) Tj ET Q q 0 0 0 rg BT 216.08 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 226.91 582.60 Td (December ) Tj ET Q q 0 0 0 rg BT 270.50 582.60 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.50 582.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.50 582.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (PV) Tj ET Q q 0 0 0 rg BT 79.37 558.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 94.71 558.60 Td (V) Tj ET Q q 0 0 0 rg BT 100.82 558.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 119.65 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 135.10 558.60 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 180.28 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.45 558.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 217.94 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.55 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.39 558.60 Td (dif) Tj ET Q q 0 0 0 rg BT 254.32 558.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 279.80 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 301.41 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 315.80 558.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 370.17 558.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 406.77 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 416.72 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 433.88 558.60 Td (PV) Tj ET Q q 0 0 0 rg BT 445.75 558.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 461.09 558.60 Td (V) Tj ET Q q 0 0 0 rg BT 467.21 558.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 486.03 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 494.87 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 501.48 558.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 531.97 558.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.04 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.37 546.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 152.68 546.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 189.21 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 197.99 546.60 Td (an ) Tj ET Q q 0 0 0 rg BT 209.53 546.60 Td (after) Tj ET Q q 0 0 0 rg BT 227.65 546.60 Td (-tax ) Tj ET Q q 0 0 0 rg BT 245.30 546.60 Td (number) Tj ET Q q 0 0 0 rg BT 275.29 546.60 Td (.) Tj ET Q q 0 0 0 rg BT 282.61 546.60 Td (The ) Tj ET Q q 0 0 0 rg BT 300.27 546.60 Td (information ) Tj ET Q q 0 0 0 rg BT 349.58 546.60 Td (used ) Tj ET Q q 0 0 0 rg BT 370.02 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.90 546.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 417.54 546.60 Td (PV) Tj ET Q q 0 0 0 rg BT 429.40 546.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 444.69 546.60 Td (V) Tj ET Q q 0 0 0 rg BT 450.80 546.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 469.56 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 478.34 546.60 Td (derived ) Tj ET Q q 0 0 0 rg BT 510.43 546.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 543.08 546.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (data ) Tj ET Q q 0 0 0 rg BT 86.74 534.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 134.31 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.68 534.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 192.23 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 212.59 534.60 Td (F) Tj ET Q q 0 0 0 rg BT 217.41 534.60 Td (ASC ) Tj ET Q q 0 0 0 rg BT 239.27 534.60 Td (T) Tj ET Q q 0 0 0 rg BT 244.68 534.60 Td (opic ) Tj ET Q q 0 0 0 rg BT 264.48 534.60 Td (932.) Tj ET Q q 0 0 0 rg BT 286.80 534.60 Td (The ) Tj ET Q q 0 0 0 rg BT 304.94 534.60 Td (dif) Tj ET Q q 0 0 0 rg BT 315.86 534.60 Td (ference ) Tj ET Q q 0 0 0 rg BT 347.86 534.60 Td (between ) Tj ET Q q 0 0 0 rg BT 383.77 534.60 Td (these ) Tj ET Q q 0 0 0 rg BT 406.90 534.60 Td (two ) Tj ET Q q 0 0 0 rg BT 424.49 534.60 Td (amounts, ) Tj ET Q q 0 0 0 rg BT 463.47 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.27 534.60 Td (discounted ) Tj ET Q q 0 0 0 rg BT 524.18 534.60 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (future ) Tj ET Q q 0 0 0 rg BT 94.68 522.60 Td (income ) Tj ET Q q 0 0 0 rg BT 127.42 522.60 Td (tax, ) Tj ET Q q 0 0 0 rg BT 145.45 522.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.31 522.60 Td ($142.5 ) Tj ET Q q 0 0 0 rg BT 195.11 522.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.01 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 227.31 522.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.84 522.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.23 522.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.23 522.60 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.31 522.60 Td ($428.4 ) Tj ET Q q 0 0 0 rg BT 354.12 522.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.01 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 386.32 522.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.84 522.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.23 522.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.23 522.60 Td (; ) Tj ET Q q 0 0 0 rg BT 482.32 522.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.07 522.60 Td ($2.84 ) Tj ET Q q 0 0 0 rg BT 525.87 522.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.99 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 555.29 522.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 126.20 510.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.20 510.60 Td (.) Tj ET Q q 0 0 0 rg BT 153.52 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 162.15 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 169.21 510.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 200.69 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 218.30 510.60 Td (PV) Tj ET Q q 0 0 0 rg BT 230.17 510.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 245.92 510.60 Td (V) Tj ET Q q 0 0 0 rg BT 252.04 510.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 271.30 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 280.59 510.60 Td (a ) Tj ET Q q 0 0 0 rg BT 287.64 510.60 Td (useful ) Tj ET Q q 0 0 0 rg BT 314.69 510.60 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 370.63 510.60 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 413.79 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 424.18 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.01 510.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 493.83 510.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 530.87 510.60 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 83.54 498.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 139.57 498.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 177.82 498.60 Td (can ) Tj ET Q q 0 0 0 rg BT 195.52 498.60 Td (be ) Tj ET Q q 0 0 0 rg BT 208.78 498.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 249.26 498.60 Td (by ) Tj ET Q q 0 0 0 rg BT 263.08 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 271.35 498.60 Td (company) Tj ET Q q 0 0 0 rg BT 310.78 498.60 Td (s ) Tj ET Q q 0 0 0 rg BT 318.50 498.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 349.54 498.60 Td (tax ) Tj ET Q q 0 0 0 rg BT 365.58 498.60 Td (situation, ) Tj ET Q q 0 0 0 rg BT 406.34 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.61 498.60 Td (it ) Tj ET Q q 0 0 0 rg BT 433.99 498.60 Td (is ) Tj ET Q q 0 0 0 rg BT 444.48 498.60 Td (not ) Tj ET Q q 0 0 0 rg BT 461.08 498.60 Td (practical ) Tj ET Q q 0 0 0 rg BT 499.33 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 510.93 498.60 Td (calculate ) Tj ET Q q 0 0 0 rg BT 550.28 498.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 122.70 486.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 160.12 486.60 Td (on ) Tj ET Q q 0 0 0 rg BT 173.12 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 180.55 486.60 Td (property-by-property ) Tj ET Q q 0 0 0 rg BT 267.96 486.60 Td (basis.Because ) Tj ET Q q 0 0 0 rg BT 331.77 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.10 486.60 Td (this, ) Tj ET Q q 0 0 0 rg BT 363.04 486.60 Td (PV) Tj ET Q q 0 0 0 rg BT 374.91 486.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 391.02 486.60 Td (V) Tj ET Q q 0 0 0 rg BT 397.13 486.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 416.78 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 426.45 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 433.88 486.60 Td (widely ) Tj ET Q q 0 0 0 rg BT 464.09 486.60 Td (used ) Tj ET Q q 0 0 0 rg BT 485.42 486.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 521.73 486.60 Td (within ) Tj ET Q q 0 0 0 rg BT 550.28 486.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 103.14 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.44 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 129.98 474.60 Td (commonly ) Tj ET Q q 0 0 0 rg BT 175.61 474.60 Td (used ) Tj ET Q q 0 0 0 rg BT 196.80 474.60 Td (by ) Tj ET Q q 0 0 0 rg BT 209.67 474.60 Td (securities ) Tj ET Q q 0 0 0 rg BT 250.29 474.60 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 287.87 474.60 Td (banks ) Tj ET Q q 0 0 0 rg BT 314.07 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.37 474.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 356.99 474.60 Td (rating ) Tj ET Q q 0 0 0 rg BT 383.18 474.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 420.47 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.11 474.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 467.28 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.36 474.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 523.55 474.60 Td (future ) Tj ET Q q 0 0 0 rg BT 550.29 474.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 87.72 462.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 112.40 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 134.30 462.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 164.52 462.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 199.74 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 212.19 462.60 Td (a ) Tj ET Q q 0 0 0 rg BT 219.09 462.60 Td (comparative ) Tj ET Q q 0 0 0 rg BT 270.96 462.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 293.42 462.60 Td (across ) Tj ET Q q 0 0 0 rg BT 320.86 462.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 366.08 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 376.87 462.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 410.42 462.60 Td (properties.PV) Tj ET Q q 0 0 0 rg BT 469.77 462.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 485.38 462.60 Td (V) Tj ET Q q 0 0 0 rg BT 491.49 462.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 510.60 462.60 Td (is ) Tj ET Q q 0 0 0 rg BT 519.73 462.60 Td (commonly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (used ) Tj ET Q q 0 0 0 rg BT 87.56 450.60 Td (by ) Tj ET Q q 0 0 0 rg BT 99.30 450.60 Td (us ) Tj ET Q q 0 0 0 rg BT 109.93 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.10 450.60 Td (others ) Tj ET Q q 0 0 0 rg BT 152.27 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.79 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 176.85 450.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 211.36 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 220.88 450.60 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 255.92 450.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 297.64 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 314.37 450.60 Td (are ) Tj ET Q q 0 0 0 rg BT 328.31 450.60 Td (bought ) Tj ET Q q 0 0 0 rg BT 357.83 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 374.00 450.60 Td (sold, ) Tj ET Q q 0 0 0 rg BT 394.91 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.42 450.60 Td (assess ) Tj ET Q q 0 0 0 rg BT 430.60 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 450.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 481.27 450.60 Td (return ) Tj ET Q q 0 0 0 rg BT 506.89 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 518.62 450.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 77.71 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 93.47 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 106.45 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 123.32 438.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 153.51 438.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 169.27 438.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 214.19 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.05 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.26 438.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 275.90 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 291.66 438.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 340.19 438.60 Td (testing ) Tj ET Q q 0 0 0 rg BT 369.28 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.04 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 393.02 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.89 438.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 440.09 438.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 455.84 438.60 Td (properties. ) Tj ET Q q 0 0 0 rg BT 500.76 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 503.19 438.60 Td (PV) Tj ET Q q 0 0 0 rg BT 515.05 438.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 530.64 438.60 Td (V) Tj ET Q q 0 0 0 rg BT 536.75 438.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 555.83 438.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (not ) Tj ET Q q 0 0 0 rg BT 82.94 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 90.04 426.60 Td (measure ) Tj ET Q q 0 0 0 rg BT 126.01 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.00 426.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.64 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 185.63 426.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 226.06 426.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 279.24 426.60 Td (under ) Tj ET Q q 0 0 0 rg BT 304.67 426.60 Td (GAAP) Tj ET Q q 0 0 0 rg BT 330.79 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 335.95 426.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 351.94 426.60 Td (should ) Tj ET Q q 0 0 0 rg BT 381.27 426.60 Td (it ) Tj ET Q q 0 0 0 rg BT 389.48 426.60 Td (be ) Tj ET Q q 0 0 0 rg BT 401.58 426.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 447.56 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 458.00 426.60 Td (isolation ) Tj ET Q q 0 0 0 rg BT 495.10 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 506.09 426.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.08 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.18 426.60 Td (substitute ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 81.81 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.67 414.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 151.52 414.60 Td (Measure.Our ) Tj ET Q q 0 0 0 rg BT 211.65 414.60 Td (PV) Tj ET Q q 0 0 0 rg BT 223.52 414.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 239.30 414.60 Td (V) Tj ET Q q 0 0 0 rg BT 245.42 414.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 264.72 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 281.81 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.67 414.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 351.52 414.60 Td (Measure ) Tj ET Q q 0 0 0 rg BT 388.60 414.60 Td (do ) Tj ET Q q 0 0 0 rg BT 401.25 414.60 Td (not ) Tj ET Q q 0 0 0 rg BT 416.67 414.60 Td (purport ) Tj ET Q q 0 0 0 rg BT 448.76 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.18 414.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 498.48 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.34 414.60 Td (fair ) Tj ET Q q 0 0 0 rg BT 529.87 414.60 Td (value ) Tj ET Q q 0 0 0 rg BT 554.17 414.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 84.57 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.88 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 117.06 402.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 148.57 402.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 165.64 402.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 204.64 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.39 402.60 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 226.57 402.60 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 266.43 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.17 402.60 Td (Selected ) Tj ET Q q 0 0 0 rg BT 321.95 402.60 Td (Abbr) Tj ET Q q 0 0 0 rg BT 341.58 402.60 Td (eviation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.80 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 381.43 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.84 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.80 402.60 Td (definition ) Tj ET Q q 0 0 0 rg BT 455.42 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.50 402.60 Td (PV) Tj ET Q q 0 0 0 rg BT 483.80 402.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 500.60 402.60 Td (V) Tj ET Q q 0 0 0 rg BT 506.72 402.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 531.55 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.74 402.60 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 123.35 390.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 137.55 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.97 390.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 186.51 390.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 204.04 390.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 242.56 390.60 Td (es ) Tj ET Q q 0 0 0 rg BT 252.31 390.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.19 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.61 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 311.81 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 325.45 390.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 379.64 390.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 418.27 390.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 463.57 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 476.65 390.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.06 390.60 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (about ) Tj ET Q q 0 0 0 rg BT 92.22 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.93 378.60 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 161.64 378.60 Td (Measure.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.42 354.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.55 354.60 Td (non-producing ) Tj ET Q q 0 0 0 rg BT 176.79 354.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 211.92 354.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 251.49 354.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 276.06 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 286.20 354.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 321.33 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.69 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 353.26 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.40 354.60 Td (be ) Tj ET Q q 0 0 0 rg BT 375.20 354.60 Td (recovered ) Tj ET Q q 0 0 0 rg BT 416.98 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 438.79 354.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 483.91 354.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 509.05 354.60 Td (that ) Tj ET Q q 0 0 0 rg BT 526.41 354.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (require ) Tj ET Q q 0 0 0 rg BT 80.46 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 87.55 342.60 Td (response ) Tj ET Q q 0 0 0 rg BT 125.19 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.61 342.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 188.78 342.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 246.42 342.60 Td (before ) Tj ET Q q 0 0 0 rg BT 274.61 342.60 Td (they ) Tj ET Q q 0 0 0 rg BT 294.47 342.60 Td (can ) Tj ET Q q 0 0 0 rg BT 311.00 342.60 Td (be ) Tj ET Q q 0 0 0 rg BT 323.08 342.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 363.50 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 374.47 342.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 404.89 342.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 448.63 342.60 Td (producing.Since ) Tj ET Q q 0 0 0 rg BT 521.54 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 528.63 342.60 Td (majority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.74 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.97 330.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 116.87 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.98 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.66 330.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 163.11 330.60 Td (with ) Tj ET Q q 0 0 0 rg BT 182.79 330.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 218.03 330.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 234.38 330.60 Td (zones, ) Tj ET Q q 0 0 0 rg BT 261.55 330.60 Td (these ) Tj ET Q q 0 0 0 rg BT 284.00 330.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 325.90 330.60 Td (may ) Tj ET Q q 0 0 0 rg BT 345.02 330.60 Td (have ) Tj ET Q q 0 0 0 rg BT 365.80 330.60 Td (both ) Tj ET Q q 0 0 0 rg BT 385.49 330.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 415.16 330.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 457.62 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 473.96 330.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 503.64 330.60 Td (non-producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.39 294.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.50 294.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 148.36 294.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.36 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.63 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.74 294.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 227.84 294.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 257.38 294.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 310.25 294.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 344.79 294.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 373.77 294.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.31 294.60 Td (45.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.81 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.59 294.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 494.65 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 504.75 294.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.83 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 70.26 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.03 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 96.79 282.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 137.54 282.60 Td (total ) Tj ET Q q 0 0 0 rg BT 157.75 282.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 187.95 282.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.64 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 232.51 282.60 Td (decline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.39 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.82 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.58 282.60 Td (14.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.08 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.52 282.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 334.73 282.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.60 282.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 415.12 282.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.12 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 437.55 282.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 463.31 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 477.41 282.60 Td (these ) Tj ET Q q 0 0 0 rg BT 500.39 282.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 538.08 282.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.65 270.60 Td (are ) Tj ET Q q 0 0 0 rg BT 97.80 270.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 138.07 270.60 Td (below) Tj ET Q q 0 0 0 rg BT 161.86 270.60 Td (.) Tj ET Q q 0 0 0 rg BT 168.81 270.60 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 231.30 270.60 Td (91% ) Tj ET Q q 0 0 0 rg BT 251.57 270.60 Td (\(41 ) Tj ET Q q 0 0 0 rg BT 266.84 270.60 Td (MMBOE\) ) Tj ET Q q 0 0 0 rg BT 309.90 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.17 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.45 270.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 365.16 270.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 418.20 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 430.70 270.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 465.40 270.60 Td (relate ) Tj ET Q q 0 0 0 rg BT 489.54 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.27 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 514.54 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 528.43 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.68 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 533.62 270.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 98.47 258.60 Td (W) Tj ET Q q 0 0 0 rg BT 107.11 258.60 Td (e ) Tj ET Q q 0 0 0 rg BT 113.95 258.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 153.56 258.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 189.83 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.45 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.34 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.59 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.99 258.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 255.27 258.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 285.44 258.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 338.93 258.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 374.09 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 384.27 258.60 Td (be ) Tj ET Q q 0 0 0 rg BT 396.11 258.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 421.28 258.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 438.68 258.60 Td (than ) Tj ET Q q 0 0 0 rg BT 458.30 258.60 Td (other ) Tj ET Q q 0 0 0 rg BT 481.25 258.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 511.42 258.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 85.65 246.60 Td (that ) Tj ET Q q 0 0 0 rg BT 104.03 246.60 Td (require ) Tj ET Q q 0 0 0 rg BT 135.73 246.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 168.56 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 179.17 246.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 218.66 246.60 Td (of) Tj ET Q q 0 0 0 rg BT 226.81 246.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 260.19 246.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 295.24 246.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 344.46 246.60 Td (because ) Tj ET Q q 0 0 0 rg BT 379.49 246.60 Td (all ) Tj ET Q q 0 0 0 rg BT 392.87 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.59 246.60 Td (these ) Tj ET Q q 0 0 0 rg BT 428.53 246.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 459.68 246.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 514.16 246.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 550.31 246.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.67 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 114.53 234.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 146.48 234.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 184.53 234.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 229.27 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 240.13 234.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 265.42 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 282.94 234.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 325.44 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 343.52 234.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 391.59 234.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 431.87 234.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 477.73 234.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 514.69 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.10 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 539.73 234.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 83.76 222.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 132.20 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 134.23 222.60 Td (As ) Tj ET Q q 0 0 0 rg BT 147.95 222.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.89 222.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 217.58 222.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.58 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 242.68 222.60 Td (12.6 ) Tj ET Q q 0 0 0 rg BT 262.79 222.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 303.18 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.12 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 330.06 222.60 Td (total ) Tj ET Q q 0 0 0 rg BT 350.44 222.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 380.81 222.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 434.52 222.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 469.88 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 484.70 222.60 Td (not ) Tj ET Q q 0 0 0 rg BT 500.08 222.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 542.67 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 553.06 222.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.29 210.60 Td (within ) Tj ET Q q 0 0 0 rg BT 121.54 210.60 Td (five ) Tj ET Q q 0 0 0 rg BT 139.78 210.60 Td (years ) Tj ET Q q 0 0 0 rg BT 163.57 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.59 210.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 200.61 210.60 Td (booking, ) Tj ET Q q 0 0 0 rg BT 238.58 210.60 Td (all ) Tj ET Q q 0 0 0 rg BT 251.27 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.30 210.60 Td (which ) Tj ET Q q 0 0 0 rg BT 289.43 210.60 Td (are ) Tj ET Q q 0 0 0 rg BT 304.33 210.60 Td (part ) Tj ET Q q 0 0 0 rg BT 322.57 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.59 210.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.48 209.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.73 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 353.42 210.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 376.12 210.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 412.96 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.46 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 424.10 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 431.23 210.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 462.80 210.60 Td (these ) Tj ET Q q 0 0 0 rg BT 486.04 210.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 521.49 210.60 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 550.29 210.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.70 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.02 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 119.00 198.60 Td (included ) Tj ET Q q 0 0 0 rg BT 156.97 198.60 Td (as ) Tj ET Q q 0 0 0 rg BT 168.84 198.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 200.15 198.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 236.45 198.60 Td (because ) Tj ET Q q 0 0 0 rg BT 271.63 198.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 286.83 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 302.03 198.60 Td (have ) Tj ET Q q 0 0 0 rg BT 324.45 198.60 Td (established ) Tj ET Q q 0 0 0 rg BT 372.42 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.40 198.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 428.37 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 439.69 198.60 Td (follow ) Tj ET Q q 0 0 0 rg BT 469.33 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.09 198.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 530.84 198.60 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.98 186.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 124.03 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 138.52 186.60 Td (each ) Tj ET Q q 0 0 0 rg BT 159.67 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 170.83 186.60 Td (these ) Tj ET Q q 0 0 0 rg BT 194.21 186.60 Td (projects; ) Tj ET Q q 0 0 0 rg BT 231.48 186.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 245.97 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 260.46 186.60 Td (have ) Tj ET Q q 0 0 0 rg BT 282.17 186.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 327.21 186.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 362.83 186.60 Td (development ) Tj ET Q q 0 0 0 rg BT 417.31 186.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 456.24 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 466.85 186.60 Td (each ) Tj ET Q q 0 0 0 rg BT 488.00 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.16 186.60 Td (these ) Tj ET Q q 0 0 0 rg BT 522.54 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 536.43 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.68 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 542.51 186.60 Td (EOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.66 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.59 174.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 114.75 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 128.91 174.60 Td (have ) Tj ET Q q 0 0 0 rg BT 150.29 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 157.23 174.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 196.94 174.60 Td (record ) Tj ET Q q 0 0 0 rg BT 224.98 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 235.81 174.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 283.30 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 298.02 174.60 Td (development ) Tj ET Q q 0 0 0 rg BT 352.17 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.00 174.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 412.14 174.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 454.07 174.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.31 150.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.31 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 121.28 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 134.42 150.60 Td (spent ) Tj ET Q q 0 0 0 rg BT 157.01 150.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 216.24 150.60 Td ($45 ) Tj ET Q q 0 0 0 rg BT 232.72 150.60 Td (million ) Tj ET Q q 0 0 0 rg BT 263.09 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 272.34 150.60 Td (convert ) Tj ET Q q 0 0 0 rg BT 303.81 150.60 Td (5.9 ) Tj ET Q q 0 0 0 rg BT 317.78 150.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 357.04 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.85 150.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 396.10 150.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 448.67 150.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 482.90 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 492.16 150.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 521.40 150.60 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 86.71 138.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 125.88 138.60 Td (related ) Tj ET Q q 0 0 0 rg BT 155.03 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 164.76 138.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 206.15 138.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 236.97 138.60 Td (development ) Tj ET Q q 0 0 0 rg BT 290.57 138.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 328.62 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.79 138.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 361.96 138.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 386.97 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 397.25 138.60 Td (well ) Tj ET Q q 0 0 0 rg BT 416.42 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 426.70 138.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 475.86 138.60 Td (development ) Tj ET Q q 0 0 0 rg BT 529.46 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 538.63 138.60 Td (Cedar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 75.51 126.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 115.45 126.60 Td (\(CCA\). ) Tj ET Q q 0 0 0 rg BT 156.78 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 159.52 126.60 Td (Other ) Tj ET Q q 0 0 0 rg BT 185.02 126.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 219.96 126.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.80 126.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.80 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 271.54 126.60 Td (included ) Tj ET Q q 0 0 0 rg BT 308.70 126.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 338.65 126.60 Td (3.9 ) Tj ET Q q 0 0 0 rg BT 353.89 126.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 394.40 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.47 126.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 435.97 126.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 489.79 126.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 525.29 126.60 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (related ) Tj ET Q q 0 0 0 rg BT 79.98 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 91.04 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.65 114.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 139.81 114.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 184.74 114.60 Td (at ) Tj ET Q q 0 0 0 rg BT 195.24 114.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 234.49 114.60 Td (g ) Tj ET Q q 0 0 0 rg BT 242.77 114.60 Td (Field; ) Tj ET Q q 0 0 0 rg BT 269.38 114.60 Td (reclassifying ) Tj ET Q q 0 0 0 rg BT 323.76 114.60 Td (6.7 ) Tj ET Q q 0 0 0 rg BT 339.54 114.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 380.60 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.21 114.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 423.26 114.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 477.64 114.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 513.68 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 524.74 114.60 Td (unproved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 85.00 102.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 122.17 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 132.69 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.64 102.60 Td (five-year ) Tj ET Q q 0 0 0 rg BT 186.46 102.60 Td (development ) Tj ET Q q 0 0 0 rg BT 240.85 102.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 259.13 102.60 Td (established ) Tj ET Q q 0 0 0 rg BT 306.30 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 319.04 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.99 102.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 355.07 102.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 395.02 102.60 Td (due ) Tj ET Q q 0 0 0 rg BT 412.19 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.71 102.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 457.65 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 468.17 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.23 102.60 Td (development ) Tj ET Q q 0 0 0 rg BT 538.62 102.60 Td (plans; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.51 90.60 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 116.28 90.60 Td (other ) Tj ET Q q 0 0 0 rg BT 139.40 90.60 Td (net ) Tj ET Q q 0 0 0 rg BT 154.19 90.60 Td (downward ) Tj ET Q q 0 0 0 rg BT 198.97 90.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 229.31 90.60 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 282.97 90.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 314.41 90.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 353.09 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 363.99 90.60 Td (5.3 ) Tj ET Q q 0 0 0 rg BT 379.06 90.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 421.92 90.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 461.70 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.49 90.60 Td (result ) Tj ET Q q 0 0 0 rg BT 501.27 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.18 90.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 547.51 90.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 78.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 118.91 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.19 78.60 Td (be ) Tj ET Q q 0 0 0 rg BT 141.13 78.60 Td (uneconomic ) Tj ET Q q 0 0 0 rg BT 192.50 78.60 Td (based ) Tj ET Q q 0 0 0 rg BT 217.77 78.60 Td (on ) Tj ET Q q 0 0 0 rg BT 230.27 78.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 252.77 78.60 Td (average ) Tj ET Q q 0 0 0 rg BT 286.35 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.41 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.35 78.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 346.61 78.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 362.44 78.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 388.82 78.60 Td (used ) Tj ET Q q 0 0 0 rg BT 409.65 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.92 78.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 464.08 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 479.92 78.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 510.18 78.60 Td (reserves.) Tj ET Q endstream endobj 21 0 obj <> endobj 22 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (During ) Tj ET Q q 0 0 0 rg BT 97.93 726.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 122.54 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 136.30 726.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 173.95 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.61 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 203.15 726.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.02 726.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.45 726.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 279.42 726.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 318.74 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 332.50 726.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 354.61 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.49 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 378.81 726.60 Td (United ) Tj ET Q q 0 0 0 rg BT 408.13 726.60 Td (States ) Tj ET Q q 0 0 0 rg BT 434.12 726.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 452.82 726.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 464.92 726.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 514.32 726.60 Td (Agency ) Tj ET Q q 0 0 0 rg BT 547.52 726.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (were ) Tj ET Q q 0 0 0 rg BT 71.43 714.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 124.48 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.20 714.60 Td (same ) Tj ET Q q 0 0 0 rg BT 162.24 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 173.07 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.79 714.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 219.16 714.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 258.87 714.60 Td (included ) Tj ET Q q 0 0 0 rg BT 295.80 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.08 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 321.91 714.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 346.08 714.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 369.13 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 383.29 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.01 714.60 Td (year ) Tj ET Q q 0 0 0 rg BT 417.72 714.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 444.09 714.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 502.68 714.60 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Internal ) Tj ET Q q 0 0 0 rg BT 87.00 690.60 Td (Contr) Tj ET Q q 0 0 0 rg BT 112.37 690.60 Td (ols ) Tj ET Q q 0 0 0 rg BT 126.54 690.60 Td (Over) Tj ET Q q 0 0 0 rg BT 148.02 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.52 690.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 186.88 690.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 101.82 666.60 Td (information ) Tj ET Q q 0 0 0 rg BT 151.14 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 161.03 666.60 Td (this ) Tj ET Q q 0 0 0 rg BT 177.58 666.60 Td (report ) Tj ET Q q 0 0 0 rg BT 203.57 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 212.35 666.60 Td (based ) Tj ET Q q 0 0 0 rg BT 237.23 666.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.34 666.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 288.66 666.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 325.74 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 337.85 666.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 366.35 666.60 Td (an ) Tj ET Q q 0 0 0 rg BT 377.90 666.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 428.88 666.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 471.53 666.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 520.84 666.60 Td (consulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 70.49 654.60 Td (located ) Tj ET Q q 0 0 0 rg BT 103.14 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.70 654.60 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 146.25 654.60 Td (T) Tj ET Q q 0 0 0 rg BT 151.66 654.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 175.71 654.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 212.82 654.60 Td (data ) Tj ET Q q 0 0 0 rg BT 233.25 654.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 272.57 654.60 Td (by ) Tj ET Q q 0 0 0 rg BT 286.35 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 303.46 654.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.78 654.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.10 654.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 428.08 654.60 Td (team ) Tj ET Q q 0 0 0 rg BT 451.29 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.50 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 479.95 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 495.95 654.60 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 554.17 654.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (management. ) Tj ET Q q 0 0 0 rg BT 105.85 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.42 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 117.05 642.60 Td (e ) Tj ET Q q 0 0 0 rg BT 124.26 642.60 Td (rely ) Tj ET Q q 0 0 0 rg BT 142.57 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 155.33 642.60 Td (D&M) Tj ET Q q 0 0 0 rg BT 182.00 642.60 Td (s ) Tj ET Q q 0 0 0 rg BT 188.66 642.60 Td (expertise ) Tj ET Q q 0 0 0 rg BT 227.51 642.60 Td (toensure ) Tj ET Q q 0 0 0 rg BT 266.65 642.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.41 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 300.51 642.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 332.14 642.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 372.11 642.60 Td (are ) Tj ET Q q 0 0 0 rg BT 387.08 642.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 424.82 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 435.36 642.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 484.22 642.60 Td (with ) Tj ET Q q 0 0 0 rg BT 504.76 642.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 525.86 642.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 548.06 642.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.22 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.95 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 127.23 630.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 174.05 630.60 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 212.27 630.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 254.10 630.60 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 305.09 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 320.82 630.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 363.76 630.60 Td (principles ) Tj ET Q q 0 0 0 rg BT 404.48 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.21 630.60 Td (techniques ) Tj ET Q q 0 0 0 rg BT 464.26 630.60 Td (are ) Tj ET Q q 0 0 0 rg BT 477.75 630.60 Td (applied ) Tj ET Q q 0 0 0 rg BT 508.48 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 517.54 630.60 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.03 618.60 Td (practices ) Tj ET Q q 0 0 0 rg BT 106.31 618.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 145.26 618.60 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.88 618.60 Td (by ) Tj ET Q q 0 0 0 rg BT 202.63 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 216.59 618.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 258.89 618.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 293.42 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 303.50 618.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 343.56 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.09 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.06 618.60 Td (publication ) Tj ET Q q 0 0 0 rg BT 413.80 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 423.88 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 437.85 618.60 Td (Society ) Tj ET Q q 0 0 0 rg BT 469.59 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.67 618.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 522.53 618.60 Td (Engineers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (entitled ) Tj ET Q q 0 0 0 rg BT 82.06 606.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 128.50 606.60 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 172.17 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.51 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 197.29 606.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 243.19 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.62 606.60 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 297.74 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 308.64 606.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 323.98 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.99 606.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 359.10 606.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 397.77 606.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 448.09 606.60 Td (\(Revision ) Tj ET Q q 0 0 0 rg BT 489.55 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 500.44 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.34 606.60 Td (February ) Tj ET Q q 0 0 0 rg BT 550.00 606.60 Td (19, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (2007\). ) Tj ET Q q 0 0 0 rg BT 84.93 594.60 Td (The ) Tj ET Q q 0 0 0 rg BT 103.35 594.60 Td (person ) Tj ET Q q 0 0 0 rg BT 132.88 594.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 181.30 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 195.83 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.92 594.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 259.32 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.52 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 285.61 594.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 317.35 594.60 Td (report ) Tj ET Q q 0 0 0 rg BT 344.10 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 353.64 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 360.95 594.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 389.72 594.60 Td (V) Tj ET Q q 0 0 0 rg BT 396.34 594.60 Td (ice ) Tj ET Q q 0 0 0 rg BT 410.87 594.60 Td (President ) Tj ET Q q 0 0 0 rg BT 450.96 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 461.04 594.60 Td (D&M; ) Tj ET Q q 0 0 0 rg BT 490.58 594.60 Td (he ) Tj ET Q q 0 0 0 rg BT 502.89 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 512.43 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 519.74 594.60 Td (Registered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (Professional ) Tj ET Q q 0 0 0 rg BT 100.85 582.60 Td (Engineer ) Tj ET Q q 0 0 0 rg BT 138.85 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.54 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 162.66 582.60 Td (State ) Tj ET Q q 0 0 0 rg BT 184.57 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 194.67 582.60 Td (T) Tj ET Q q 0 0 0 rg BT 200.08 582.60 Td (exas. ) Tj ET Q q 0 0 0 rg BT 222.26 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.17 582.60 Td (He ) Tj ET Q q 0 0 0 rg BT 237.74 582.60 Td (received ) Tj ET Q q 0 0 0 rg BT 273.51 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.85 582.60 Td (Master ) Tj ET Q q 0 0 0 rg BT 309.53 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 319.77 582.60 Td (Science ) Tj ET Q q 0 0 0 rg BT 352.77 582.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 381.33 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.02 582.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 434.03 582.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 484.81 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 506.16 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 520.28 582.60 Td (University ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.34 570.60 Td (T) Tj ET Q q 0 0 0 rg BT 65.75 570.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 86.23 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 96.72 570.60 Td (1975, ) Tj ET Q q 0 0 0 rg BT 121.93 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 570.60 Td (he ) Tj ET Q q 0 0 0 rg BT 151.22 570.60 Td (has ) Tj ET Q q 0 0 0 rg BT 167.26 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.75 570.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 206.56 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 217.60 570.60 Td (37 ) Tj ET Q q 0 0 0 rg BT 230.30 570.60 Td (years ) Tj ET Q q 0 0 0 rg BT 254.11 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.15 570.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 311.16 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 321.65 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 334.91 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.06 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 368.10 570.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 406.35 570.60 Td (studies ) Tj ET Q q 0 0 0 rg BT 436.83 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 453.98 570.60 Td (evaluations.Our ) Tj ET Q q 0 0 0 rg BT 525.28 570.60 Td (President ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.53 558.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 89.34 558.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 130.92 558.60 Td (Of) Tj ET Q q 0 0 0 rg BT 141.29 558.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 161.20 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 169.47 558.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 208.27 558.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 255.42 558.60 Td (foroverseeing ) Tj ET Q q 0 0 0 rg BT 314.49 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 328.30 558.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 378.76 558.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 420.90 558.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 469.70 558.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 488.51 558.60 Td (during ) Tj ET Q q 0 0 0 rg BT 516.21 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 530.02 558.60 Td (process. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.71 546.60 Td (President ) Tj ET Q q 0 0 0 rg BT 107.59 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.69 546.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 149.56 546.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 192.21 546.60 Td (Of) Tj ET Q q 0 0 0 rg BT 202.58 546.60 Td (ficer ) Tj ET Q q 0 0 0 rg BT 223.56 546.60 Td (has ) Tj ET Q q 0 0 0 rg BT 239.55 546.60 Td (a ) Tj ET Q q 0 0 0 rg BT 246.65 546.60 Td (Bachelor ) Tj ET Q q 0 0 0 rg BT 285.40 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 296.39 546.60 Td (Science ) Tj ET Q q 0 0 0 rg BT 330.14 546.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 359.45 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 369.89 546.60 Td (Engineering, ) Tj ET Q q 0 0 0 rg BT 423.92 546.60 Td (Civil ) Tj ET Q q 0 0 0 rg BT 446.58 546.60 Td (Specialty) Tj ET Q q 0 0 0 rg BT 483.15 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 488.31 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 510.41 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 525.28 546.60 Td (Colorado ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (School ) Tj ET Q q 0 0 0 rg BT 79.35 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 89.75 534.60 Td (Mines ) Tj ET Q q 0 0 0 rg BT 116.83 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.34 534.60 Td (over ) Tj ET Q q 0 0 0 rg BT 153.18 534.60 Td (27 ) Tj ET Q q 0 0 0 rg BT 165.25 534.60 Td (years ) Tj ET Q q 0 0 0 rg BT 188.42 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.83 534.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 233.68 534.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 279.05 534.60 Td (working ) Tj ET Q q 0 0 0 rg BT 314.45 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 334.30 534.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 376.92 534.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 407.86 534.60 Td (estimates.D&M ) Tj ET Q q 0 0 0 rg BT 478.54 534.60 Td (relies ) Tj ET Q q 0 0 0 rg BT 502.26 534.60 Td (on ) Tj ET Q q 0 0 0 rg BT 514.34 534.60 Td (various ) Tj ET Q q 0 0 0 rg BT 545.85 534.60 Td (data ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.42 522.60 Td (by ) Tj ET Q q 0 0 0 rg BT 99.80 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 115.50 522.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 148.42 522.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 186.33 522.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 235.91 522.60 Td (team ) Tj ET Q q 0 0 0 rg BT 257.71 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.87 522.60 Td (preparing ) Tj ET Q q 0 0 0 rg BT 308.56 522.60 Td (its ) Tj ET Q q 0 0 0 rg BT 320.38 522.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 351.62 522.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 393.71 522.60 Td (including ) Tj ET Q q 0 0 0 rg BT 433.85 522.60 Td (such ) Tj ET Q q 0 0 0 rg BT 454.56 522.60 Td (items ) Tj ET Q q 0 0 0 rg BT 478.60 522.60 Td (as ) Tj ET Q q 0 0 0 rg BT 489.30 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.23 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.05 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.19 522.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 78.59 510.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 122.96 510.60 Td (interests, ) Tj ET Q q 0 0 0 rg BT 161.50 510.60 Td (production ) Tj ET Q q 0 0 0 rg BT 207.53 510.60 Td (information, ) Tj ET Q q 0 0 0 rg BT 259.96 510.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 300.43 510.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 325.64 510.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 360.01 510.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 389.37 510.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 443.18 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.33 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 483.58 510.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 522.39 510.60 Td (data. ) Tj ET Q q 0 0 0 rg BT 544.25 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 510.60 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.40 498.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 120.30 498.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 169.86 498.60 Td (team ) Tj ET Q q 0 0 0 rg BT 191.65 498.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 225.68 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.37 498.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 274.27 498.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 317.17 498.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 357.84 498.60 Td (who ) Tj ET Q q 0 0 0 rg BT 377.42 498.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 414.77 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 429.34 498.60 Td (Company) Tj ET Q q 0 0 0 rg BT 471.01 498.60 Td (s ) Tj ET Q q 0 0 0 rg BT 477.26 498.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 510.16 498.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 554.17 498.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 85.04 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 102.26 486.60 Td (compare ) Tj ET Q q 0 0 0 rg BT 139.47 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.47 486.60 Td (Company) Tj ET Q q 0 0 0 rg BT 196.14 486.60 Td (s ) Tj ET Q q 0 0 0 rg BT 202.81 486.60 Td (information ) Tj ET Q q 0 0 0 rg BT 252.81 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.37 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.37 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 313.91 486.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 351.67 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 364.45 486.60 Td (D&M. ) Tj ET Q q 0 0 0 rg BT 393.63 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 396.41 486.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 451.39 486.60 Td (is ) Tj ET Q q 0 0 0 rg BT 460.85 486.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 509.18 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 523.62 486.60 Td (designing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.61 474.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 98.05 474.60 Td (control ) Tj ET Q q 0 0 0 rg BT 129.27 474.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 176.03 474.60 Td (used ) Tj ET Q q 0 0 0 rg BT 197.25 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 207.93 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.04 474.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 271.46 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.69 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 298.91 474.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 312.37 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.70 474.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.92 474.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 384.08 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 411.41 474.60 Td (include ) Tj ET Q q 0 0 0 rg BT 443.74 474.60 Td (verification ) Tj ET Q q 0 0 0 rg BT 492.72 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.95 474.60 Td (data ) Tj ET Q q 0 0 0 rg BT 523.50 474.60 Td (input ) Tj ET Q q 0 0 0 rg BT 546.95 474.60 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.09 462.60 Td (forecasting ) Tj ET Q q 0 0 0 rg BT 128.24 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.40 462.60 Td (economics ) Tj ET Q q 0 0 0 rg BT 190.88 462.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 235.25 462.60 Td (software, ) Tj ET Q q 0 0 0 rg BT 274.91 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 285.96 462.60 Td (well ) Tj ET Q q 0 0 0 rg BT 305.90 462.60 Td (as ) Tj ET Q q 0 0 0 rg BT 316.95 462.60 Td (multi-discipline ) Tj ET Q q 0 0 0 rg BT 383.00 462.60 Td (management ) Tj ET Q q 0 0 0 rg BT 436.81 462.60 Td (reviews. ) Tj ET Q q 0 0 0 rg BT 475.43 462.60 Td (The ) Tj ET Q q 0 0 0 rg BT 493.70 462.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 526.96 462.60 Td (reservoir ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 98.92 450.60 Td (team ) Tj ET Q q 0 0 0 rg BT 120.57 450.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 150.56 450.60 Td (directly ) Tj ET Q q 0 0 0 rg BT 183.32 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 193.32 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 208.86 450.60 Td (President ) Tj ET Q q 0 0 0 rg BT 248.30 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 264.96 450.60 Td (Chief ) Tj ET Q q 0 0 0 rg BT 289.39 450.60 Td (Operating ) Tj ET Q q 0 0 0 rg BT 331.59 450.60 Td (Of) Tj ET Q q 0 0 0 rg BT 341.97 450.60 Td (ficer) Tj ET Q q 0 0 0 rg BT 359.73 450.60 Td (. ) Tj ET Q q 0 0 0 rg BT 366.95 450.60 Td (In ) Tj ET Q q 0 0 0 rg BT 377.50 450.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 414.99 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.54 450.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 457.19 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 467.74 450.60 Td (Directors) Tj ET Q q 0 0 0 rg BT 507.54 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 509.75 450.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 548.07 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (Health, ) Tj ET Q q 0 0 0 rg BT 83.42 438.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 113.73 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.94 438.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 197.13 438.60 Td (\(HSE\) ) Tj ET Q q 0 0 0 rg BT 236.33 438.60 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 288.03 438.60 Td (on ) Tj ET Q q 0 0 0 rg BT 302.80 438.60 Td (behalf ) Tj ET Q q 0 0 0 rg BT 332.55 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 345.64 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.63 438.60 Td (Board ) Tj ET Q q 0 0 0 rg BT 391.83 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 404.92 438.60 Td (Directors, ) Tj ET Q q 0 0 0 rg BT 449.40 438.60 Td (oversees ) Tj ET Q q 0 0 0 rg BT 488.59 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.57 438.60 Td (qualifications, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (independence, ) Tj ET Q q 0 0 0 rg BT 113.80 426.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 171.14 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.41 426.60 Td (hiring ) Tj ET Q q 0 0 0 rg BT 223.12 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.28 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.43 426.60 Td (independent ) Tj ET Q q 0 0 0 rg BT 314.13 426.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 361.50 426.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 415.53 426.60 Td (firm ) Tj ET Q q 0 0 0 rg BT 439.57 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.83 426.60 Td (reviews ) Tj ET Q q 0 0 0 rg BT 498.76 426.60 Td (thefinal ) Tj ET Q q 0 0 0 rg BT 538.62 426.60 Td (report ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (andsubsequentreporting ) Tj ET Q q 0 0 0 rg BT 152.55 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 163.39 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 179.24 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 192.31 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.27 414.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 239.55 414.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 255.39 414.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 286.78 414.60 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 331.32 414.60 Td (The ) Tj ET Q q 0 0 0 rg BT 349.39 414.60 Td (Chairman ) Tj ET Q q 0 0 0 rg BT 391.34 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.18 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 416.92 414.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 455.53 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 472.48 414.60 Td (HSE ) Tj ET Q q 0 0 0 rg BT 493.89 414.60 Td (Committee ) Tj ET Q q 0 0 0 rg BT 540.85 414.60 Td (holds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.89 402.60 Td (Ph.D. ) Tj ET Q q 0 0 0 rg BT 84.62 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 96.35 402.60 Td (Chemical ) Tj ET Q q 0 0 0 rg BT 138.62 402.60 Td (Engineering ) Tj ET Q q 0 0 0 rg BT 191.44 402.60 Td (from ) Tj ET Q q 0 0 0 rg BT 214.82 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 230.99 402.60 Td (Massachusetts ) Tj ET Q q 0 0 0 rg BT 292.71 402.60 Td (Institute ) Tj ET Q q 0 0 0 rg BT 329.43 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.42 402.60 Td (T) Tj ET Q q 0 0 0 rg BT 346.83 402.60 Td (echnology ) Tj ET Q q 0 0 0 rg BT 392.44 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 410.82 402.60 Td (bachelor) Tj ET Q q 0 0 0 rg BT 445.62 402.60 Td () Tj ET Q q 0 0 0 rg BT 448.40 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 456.24 402.60 Td (degrees ) Tj ET Q q 0 0 0 rg BT 490.72 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 502.45 402.60 Td (Chemistry ) Tj ET Q q 0 0 0 rg BT 548.06 402.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Mathematics ) Tj ET Q q 0 0 0 rg BT 103.58 390.60 Td (from ) Tj ET Q q 0 0 0 rg BT 125.44 390.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 156.75 390.60 Td (University ) Tj ET Q q 0 0 0 rg BT 201.39 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 211.60 390.60 Td (Ohio. ) Tj ET Q q 0 0 0 rg BT 236.53 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 238.95 390.60 Td (He ) Tj ET Q q 0 0 0 rg BT 253.04 390.60 Td (has ) Tj ET Q q 0 0 0 rg BT 268.80 390.60 Td (more ) Tj ET Q q 0 0 0 rg BT 291.77 390.60 Td (than ) Tj ET Q q 0 0 0 rg BT 311.41 390.60 Td (35 ) Tj ET Q q 0 0 0 rg BT 323.84 390.60 Td (years ) Tj ET Q q 0 0 0 rg BT 347.37 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 358.12 390.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 393.33 390.60 Td (experience, ) Tj ET Q q 0 0 0 rg BT 441.56 390.60 Td (with ) Tj ET Q q 0 0 0 rg BT 461.76 390.60 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 524.74 390.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.76 378.60 Td (preparation ) Tj ET Q q 0 0 0 rg BT 132.79 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.73 378.60 Td (approval.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 67.29 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 354.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 354.60 Td (NA) Tj ET Q q 0 0 0 rg BT 107.10 354.60 Td (TURAL) Tj ET Q q 0 0 0 rg BT 141.56 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 144.06 354.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 167.12 354.60 Td (OPERA) Tj ET Q q 0 0 0 rg BT 201.38 354.60 Td (TIONS) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 330.60 Td (Summary) Tj ET Q q 0 0 0 rg BT 109.17 330.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.67 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.08 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.49 330.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 134.45 330.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.42 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.27 330.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 194.44 330.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.18 330.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 252.57 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 267.19 330.60 Td (concentrated ) Tj ET Q q 0 0 0 rg BT 320.68 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.87 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 345.49 330.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 366.23 330.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 391.42 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.27 330.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 436.79 330.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 478.08 330.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 509.93 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 520.67 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 535.30 330.60 Td (United ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (States.Currently ) Tj ET Q q 0 0 0 rg BT 121.88 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.88 318.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 180.54 318.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.99 318.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 231.42 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 248.53 318.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 291.75 318.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 327.18 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.63 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 352.51 318.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 373.51 318.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 398.96 318.60 Td (region ) Tj ET Q q 0 0 0 rg BT 427.18 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 442.05 318.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 475.83 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 486.28 318.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 536.82 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 318.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 91.64 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 108.19 306.60 Td (Alabama, ) Tj ET Q q 0 0 0 rg BT 149.49 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 166.64 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 177.13 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 306.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 220.87 306.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 262.47 306.60 Td (region ) Tj ET Q q 0 0 0 rg BT 290.72 306.60 Td (are ) Tj ET Q q 0 0 0 rg BT 305.64 306.60 Td (situated ) Tj ET Q q 0 0 0 rg BT 339.45 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 349.94 306.60 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 390.70 306.60 Td (North ) Tj ET Q q 0 0 0 rg BT 416.73 306.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 448.32 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 465.27 306.60 Td (W) Tj ET Q q 0 0 0 rg BT 474.11 306.60 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 509.88 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 512.58 306.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 530.85 306.60 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 73.81 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 83.14 294.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 126.88 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 141.75 294.60 Td (value ) Tj ET Q q 0 0 0 rg BT 166.06 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.04 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 193.03 294.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 235.66 294.60 Td (through ) Tj ET Q q 0 0 0 rg BT 269.43 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 276.52 294.60 Td (combination ) Tj ET Q q 0 0 0 rg BT 329.16 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.14 294.60 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 393.06 294.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 425.16 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 442.25 294.60 Td (proven ) Tj ET Q q 0 0 0 rg BT 472.67 294.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 522.53 294.60 Td (extraction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (practices, ) Tj ET Q q 0 0 0 rg BT 89.47 282.60 Td (with ) Tj ET Q q 0 0 0 rg BT 109.18 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.33 282.60 Td (most ) Tj ET Q q 0 0 0 rg BT 144.71 282.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 188.86 282.60 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 228.01 282.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 260.48 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 270.19 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.08 281.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.59 282.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 310.52 282.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 356.61 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 358.55 282.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 376.03 282.60 Td (current ) Tj ET Q q 0 0 0 rg BT 406.28 282.60 Td (portfolio ) Tj ET Q q 0 0 0 rg BT 443.21 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 453.47 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 467.37 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.62 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.55 282.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 494.48 282.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 528.07 282.60 Td (provides ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (us ) Tj ET Q q 0 0 0 rg BT 61.42 270.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 106.67 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.26 270.60 Td (production ) Tj ET Q q 0 0 0 rg BT 166.61 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.08 270.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 215.98 270.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 247.35 270.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 285.37 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 296.18 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 311.43 270.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 340.84 270.60 Td (assuming ) Tj ET Q q 0 0 0 rg BT 381.65 270.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 406.89 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.48 270.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 447.39 270.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.63 270.60 Td (at ) Tj ET Q q 0 0 0 rg BT 472.87 270.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 499.23 270.60 Td (that ) Tj ET Q q 0 0 0 rg BT 517.26 270.60 Td (support ) Tj ET Q q 0 0 0 rg BT 550.29 270.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (development ) Tj ET Q q 0 0 0 rg BT 103.65 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 258.60 Td (those ) Tj ET Q q 0 0 0 rg BT 138.09 258.60 Td (projects.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 234.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.13 234.60 Td (have ) Tj ET Q q 0 0 0 rg BT 104.57 234.60 Td (been ) Tj ET Q q 0 0 0 rg BT 126.00 234.60 Td (conducting ) Tj ET Q q 0 0 0 rg BT 172.99 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.99 234.60 Td (expanding ) Tj ET Q q 0 0 0 rg BT 234.20 234.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 256.76 234.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 300.97 234.60 Td (on ) Tj ET Q q 0 0 0 rg BT 313.53 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.42 234.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 355.31 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 365.64 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.42 234.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 401.30 234.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 426.64 234.60 Td (region ) Tj ET Q q 0 0 0 rg BT 454.75 234.60 Td (since ) Tj ET Q q 0 0 0 rg BT 477.85 234.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 502.91 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.90 234.60 Td (as ) Tj ET Q q 0 0 0 rg BT 530.79 234.60 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 234.60 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.81 222.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.56 222.60 Td (have ) Tj ET Q q 0 0 0 rg BT 124.09 222.60 Td (many ) Tj ET Q q 0 0 0 rg BT 148.96 222.60 Td (more ) Tj ET Q q 0 0 0 rg BT 172.16 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.06 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.30 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.96 222.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 214.61 222.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 248.92 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.35 222.60 Td (this ) Tj ET Q q 0 0 0 rg BT 276.46 222.60 Td (region ) Tj ET Q q 0 0 0 rg BT 304.66 222.60 Td (than ) Tj ET Q q 0 0 0 rg BT 324.53 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 334.96 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 349.83 222.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 378.59 222.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 420.13 222.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 450.83 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.29 222.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.93 222.60 Td (e ) Tj ET Q q 0 0 0 rg BT 469.02 222.60 Td (began ) Tj ET Q q 0 0 0 rg BT 495.56 222.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 539.86 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 222.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.81 210.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 118.90 210.60 Td (region ) Tj ET Q q 0 0 0 rg BT 146.65 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 156.63 210.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 178.83 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.81 210.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 234.88 210.60 Td (with, ) Tj ET Q q 0 0 0 rg BT 257.36 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.00 210.60 Td (following, ) Tj ET Q q 0 0 0 rg BT 317.59 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 333.12 210.60 Td (mer) Tj ET Q q 0 0 0 rg BT 348.48 210.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 363.45 210.60 Td (with ) Tj ET Q q 0 0 0 rg BT 383.43 210.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 413.46 210.60 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 462.33 210.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 503.42 210.60 Td (\(Encore\). ) Tj ET Q q 0 0 0 rg BT 551.97 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 210.60 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 198.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 86.03 198.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 111.80 198.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 142.84 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 157.50 198.60 Td (own ) Tj ET Q q 0 0 0 rg BT 177.71 198.60 Td (what ) Tj ET Q q 0 0 0 rg BT 200.14 198.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 212.31 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.08 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.40 198.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 288.77 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 303.98 198.60 Td (region) Tj ET Q q 0 0 0 rg BT 332.31 198.60 Td (s ) Tj ET Q q 0 0 0 rg BT 339.19 198.60 Td (only ) Tj ET Q q 0 0 0 rg BT 359.96 198.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 405.17 198.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 443.70 198.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 485.01 198.60 Td (source ) Tj ET Q q 0 0 0 rg BT 514.10 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.43 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 539.32 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.57 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.06 198.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.65 186.60 Td (lar) Tj ET Q q 0 0 0 rg BT 83.01 186.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 95.05 186.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 131.54 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.47 186.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 180.62 186.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 221.54 186.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.43 185.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.68 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.28 186.60 Td (give ) Tj ET Q q 0 0 0 rg BT 261.10 186.60 Td (us ) Tj ET Q q 0 0 0 rg BT 272.59 186.60 Td (a ) Tj ET Q q 0 0 0 rg BT 279.63 186.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.44 186.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 374.25 186.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 417.39 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.77 186.60 Td (this ) Tj ET Q q 0 0 0 rg BT 444.81 186.60 Td (area. ) Tj ET Q q 0 0 0 rg BT 466.56 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 469.16 186.60 Td (In ) Tj ET Q q 0 0 0 rg BT 480.10 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.91 186.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 523.62 186.60 Td (Mountain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 82.37 174.60 Td (we ) Tj ET Q q 0 0 0 rg BT 98.85 174.60 Td (own ) Tj ET Q q 0 0 0 rg BT 120.89 174.60 Td (an ) Tj ET Q q 0 0 0 rg BT 135.14 174.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 181.62 174.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 214.76 174.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 249.02 174.60 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 295.49 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.08 174.60 Td (an ) Tj ET Q q 0 0 0 rg BT 322.34 174.60 Td (approximate ) Tj ET Q q 0 0 0 rg BT 377.14 174.60 Td (one-third ) Tj ET Q q 0 0 0 rg BT 418.62 174.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 465.10 174.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 499.35 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 511.95 174.60 Td (ExxonMobil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Corporation) Tj ET Q q 0 0 0 rg BT 100.60 162.60 Td (s ) Tj ET Q q 0 0 0 rg BT 106.84 162.60 Td (\(ExxonMobil) Tj ET Q q 0 0 0 rg BT 167.95 162.60 Td (s\) ) Tj ET Q q 0 0 0 rg BT 181.96 162.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.85 161.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.10 162.60 Td ( 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/F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.97 150.60 Td (own, ) Tj ET Q q 0 0 0 rg BT 110.06 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 124.09 150.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 162.00 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.81 150.60 Td (use ) Tj ET Q q 0 0 0 rg BT 194.51 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.41 149.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.20 150.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 249.99 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 271.80 150.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 311.95 150.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 344.31 150.60 Td (which ) Tj ET Q q 0 0 0 rg BT 371.12 150.60 Td (could ) Tj ET Q q 0 0 0 rg BT 395.71 150.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 436.96 150.60 Td (be ) Tj ET Q q 0 0 0 rg BT 448.77 150.60 Td (released ) Tj ET Q q 0 0 0 rg BT 483.90 150.60 Td (into ) Tj ET Q q 0 0 0 rg BT 501.82 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.41 150.60 Td (atmosphere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (\(sometimes ) Tj ET Q q 0 0 0 rg BT 97.83 138.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 131.69 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.70 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.25 138.60 Td (anthropogenic, ) Tj ET Q q 0 0 0 rg BT 214.18 138.60 Td (man-made ) Tj ET Q q 0 0 0 rg BT 258.61 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 269.17 138.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 338.60 138.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 352.49 137.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.74 138.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 361.29 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.30 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 386.86 138.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 417.95 138.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 464.34 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.40 138.60 Td (These ) Tj ET Q q 0 0 0 rg BT 492.51 138.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 532.51 138.60 Td (sources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.71 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.60 125.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.07 126.60 Td (help ) Tj ET Q q 0 0 0 rg BT 97.17 126.60 Td (us ) Tj ET Q q 0 0 0 rg BT 107.94 126.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 139.80 126.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 181.67 126.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.10 126.60 Td (from ) Tj ET Q q 0 0 0 rg BT 215.42 126.60 Td (mature ) Tj ET Q q 0 0 0 rg BT 245.07 126.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.50 126.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 281.60 126.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 300.42 126.60 Td (we ) Tj ET Q q 0 0 0 rg BT 313.96 126.60 Td (believe, ) Tj ET Q q 0 0 0 rg BT 347.21 126.60 Td (also ) Tj ET Q q 0 0 0 rg BT 365.20 126.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 397.62 126.60 Td (an ) Tj ET Q q 0 0 0 rg BT 408.94 126.60 Td (economical ) Tj ET Q q 0 0 0 rg BT 456.91 126.60 Td (way ) Tj ET Q q 0 0 0 rg BT 475.45 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 485.11 126.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 513.63 126.60 Td (atmospheric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 113.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.27 114.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 110.21 114.60 Td (through ) Tj ET Q q 0 0 0 rg BT 143.82 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.54 114.60 Td (concurrent ) Tj ET Q q 0 0 0 rg BT 203.79 114.60 Td (under) Tj ET Q q 0 0 0 rg BT 226.38 114.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 257.21 114.60 Td (storage ) Tj ET Q q 0 0 0 rg BT 288.59 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.42 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 313.31 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.56 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 319.06 114.60 Td (which ) Tj ET Q q 0 0 0 rg BT 346.00 114.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 374.60 114.60 Td (as ) Tj ET Q q 0 0 0 rg BT 385.43 114.60 Td (part ) Tj ET Q q 0 0 0 rg BT 403.47 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 414.30 114.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.13 114.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 487.07 114.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 509.57 114.60 Td (operations.) Tj ET Q endstream endobj 23 0 obj <> endobj 24 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.15 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 305.78 30.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 726.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 91.81 726.75 Td (Summary ) Tj ET Q q 0 0 0 rg BT 136.48 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 142.23 726.75 Td (able.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.51 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 165.15 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 167.60 726.75 Td (The ) Tj ET Q q 0 0 0 rg BT 185.79 726.75 Td (following ) Tj ET Q q 0 0 0 rg BT 227.31 726.75 Td (table ) Tj ET Q q 0 0 0 rg BT 249.39 726.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 286.47 726.75 Td (a ) Tj ET Q q 0 0 0 rg BT 293.54 726.75 Td (summary ) Tj ET Q q 0 0 0 rg BT 333.40 726.75 Td (by ) Tj ET Q q 0 0 0 rg BT 346.04 726.75 Td (field ) Tj ET Q q 0 0 0 rg BT 367.01 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 384.09 726.75 Td (region ) Tj ET Q q 0 0 0 rg BT 412.28 726.75 Td (of ) Tj ET Q q 0 0 0 rg BT 423.25 726.75 Td (selected ) Tj ET Q q 0 0 0 rg BT 458.09 726.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 488.50 726.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.70 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.77 726.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 726.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 80.30 714.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 131.94 714.75 Td (including ) Tj ET Q q 0 0 0 rg BT 171.65 714.75 Td (total ) Tj ET Q q 0 0 0 rg BT 191.36 714.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 221.06 714.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 251.86 714.75 Td (quantities ) Tj ET Q q 0 0 0 rg BT 292.67 714.75 Td (and ) Tj ET Q q 0 0 0 rg BT 309.04 714.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.19 714.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 366.22 714.75 Td (PV) Tj ET Q q 0 0 0 rg BT 378.08 714.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 393.21 714.75 Td (V) Tj ET Q q 0 0 0 rg BT 399.32 714.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 417.91 714.75 Td (of ) Tj ET Q q 0 0 0 rg BT 428.17 714.75 Td (those ) Tj ET Q q 0 0 0 rg BT 451.21 714.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 485.90 714.75 Td (as ) Tj ET Q q 0 0 0 rg BT 496.17 714.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.43 714.75 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 73.75 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 89.94 702.75 Td (average ) Tj ET Q q 0 0 0 rg BT 122.77 702.75 Td (daily ) Tj ET Q q 0 0 0 rg BT 144.52 702.75 Td (production ) Tj ET Q q 0 0 0 rg BT 189.60 702.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.01 702.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.01 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 227.26 702.75 Td (all ) Tj ET Q q 0 0 0 rg BT 239.00 702.75 Td (based ) Tj ET Q q 0 0 0 rg BT 263.52 702.75 Td (on ) Tj ET Q q 0 0 0 rg BT 275.27 702.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 313.04 702.75 Td (s ) Tj ET Q q 0 0 0 rg BT 318.68 702.75 Td (net ) Tj ET Q q 0 0 0 rg BT 332.65 702.75 Td (revenue ) Tj ET Q q 0 0 0 rg BT 366.05 702.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.23 702.75 Td (\(NRI\).) Tj ET Q q 0 0 0 rg BT 437.31 702.75 Td (The ) Tj ET Q q 0 0 0 rg BT 454.60 702.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 485.22 702.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 524.19 702.75 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (were ) Tj ET Q q 0 0 0 rg BT 71.69 690.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 109.44 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 122.20 690.75 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 151.36 690.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 203.00 690.75 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 246.31 690.75 Td (engineers ) Tj ET Q q 0 0 0 rg BT 287.39 690.75 Td (located ) Tj ET Q q 0 0 0 rg BT 319.03 690.75 Td (in ) Tj ET Q q 0 0 0 rg BT 329.57 690.75 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 360.18 690.75 Td (T) Tj ET Q q 0 0 0 rg BT 365.59 690.75 Td (exas.) Tj ET Q q 0 0 0 rg BT 390.68 690.75 Td (W) Tj ET Q q 0 0 0 rg BT 399.32 690.75 Td (e ) Tj ET Q q 0 0 0 rg BT 406.52 690.75 Td (serve ) Tj ET Q q 0 0 0 rg BT 430.39 690.75 Td (as ) Tj ET Q q 0 0 0 rg BT 441.49 690.75 Td (operator ) Tj ET Q q 0 0 0 rg BT 477.57 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 488.66 690.75 Td (virtually ) Tj ET Q q 0 0 0 rg BT 525.31 690.75 Td (all ) Tj ET Q q 0 0 0 rg BT 538.07 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 690.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.77 678.75 Td (properties, ) Tj ET Q q 0 0 0 rg BT 140.32 678.75 Td (in ) Tj ET Q q 0 0 0 rg BT 151.15 678.75 Td (which ) Tj ET Q q 0 0 0 rg BT 178.65 678.75 Td (we ) Tj ET Q q 0 0 0 rg BT 193.37 678.75 Td (also ) Tj ET Q q 0 0 0 rg BT 212.54 678.75 Td (own ) Tj ET Q q 0 0 0 rg BT 232.82 678.75 Td (most ) Tj ET Q q 0 0 0 rg BT 255.33 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 266.71 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 281.99 678.75 Td (interests, ) Tj ET Q q 0 0 0 rg BT 320.87 678.75 Td (although ) Tj ET Q q 0 0 0 rg BT 358.93 678.75 Td (typically ) Tj ET Q q 0 0 0 rg BT 396.98 678.75 Td (less ) Tj ET Q q 0 0 0 rg BT 415.04 678.75 Td (than ) Tj ET Q q 0 0 0 rg BT 435.31 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 442.81 678.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 469.20 678.75 Td (working ) Tj ET Q q 0 0 0 rg BT 505.59 678.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 540.58 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 558.08 678.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (lesser ) Tj ET Q q 0 0 0 rg BT 74.09 666.75 Td (NRI ) Tj ET Q q 0 0 0 rg BT 93.14 666.75 Td (due ) Tj ET Q q 0 0 0 rg BT 109.40 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 119.00 666.75 Td (royalties ) Tj ET Q q 0 0 0 rg BT 155.26 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.52 666.75 Td (other ) Tj ET Q q 0 0 0 rg BT 193.89 666.75 Td (burdens. ) Tj ET Q q 0 0 0 rg BT 229.88 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 231.70 666.75 Td (For ) Tj ET Q q 0 0 0 rg BT 247.42 666.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 289.23 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 301.61 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.87 666.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 347.46 666.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 362.61 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 397.20 666.75 Td (information, ) Tj ET Q q 0 0 0 rg BT 448.73 666.75 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 463.32 666.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 505.14 666.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 520.85 666.75 Td (Quantities ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.02 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 69.64 654.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 91.26 654.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 106.77 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 124.51 654.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 158.36 654.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 177.21 654.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 215.49 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 233.23 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 242.85 654.75 Td (esent ) Tj ET Q q 0 0 0 rg BT 266.14 654.75 Td (V) Tj ET Q q 0 0 0 rg BT 271.14 654.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 291.09 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.61 654.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 344.34 654.75 Td (Futur) Tj ET Q q 0 0 0 rg BT 366.75 654.75 Td (e ) Tj ET Q q 0 0 0 rg BT 373.92 654.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 390.54 654.75 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 431.04 654.75 Td (above ) Tj ET Q q 0 0 0 rg BT 457.65 654.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 474.82 654.75 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 532.00 654.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 547.51 654.75 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 83.12 642.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 101.73 642.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 140.25 642.75 Td (es ) Tj ET Q q 0 0 0 rg BT 151.08 642.75 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.96 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 202.46 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 212.74 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.45 642.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 282.73 642.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 322.44 642.75 Td (Statements.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 568.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 568.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 568.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 568.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 568.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 568.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 568.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 568.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 568.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 568.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 542.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 542.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 542.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 542.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 542.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 542.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 542.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 542.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 542.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 542.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 516.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 516.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 516.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 516.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 516.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 516.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 516.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 516.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 516.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 516.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 490.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 490.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 490.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 490.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 490.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 490.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 490.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 490.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 490.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 490.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 464.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 464.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 464.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 464.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 464.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 464.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 464.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 464.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 464.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 464.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 438.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 438.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 438.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 438.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 438.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 438.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 438.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 438.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 438.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 438.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 412.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 412.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 412.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 412.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 412.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 412.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 412.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 412.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 412.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 412.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 376.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 376.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 376.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 376.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 376.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 376.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 376.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 376.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 376.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 376.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 350.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 350.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 350.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 350.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 350.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 350.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 350.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 350.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 350.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 350.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 324.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 324.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 324.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 324.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 324.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 324.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 324.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 324.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 324.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 324.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 298.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 298.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 298.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 298.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 298.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 298.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 298.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 298.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 298.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 298.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 271.25 136.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 271.25 43.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 271.25 43.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 271.25 43.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 271.25 43.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 271.25 53.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 271.25 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 271.25 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 271.25 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 271.25 40.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 244.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 244.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 244.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 244.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 244.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 244.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 244.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 244.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 244.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 244.25 40.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 218.25 136.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 186.00 218.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 229.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 233.00 218.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 276.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 280.00 218.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 323.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 327.00 218.25 43.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 370.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 374.00 218.25 53.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 431.00 218.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 218.25 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.00 218.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 523.00 218.25 40.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 609.25 m 229 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 229 609.25 m 233 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 609.25 m 276 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 276 609.25 m 280 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 609.25 m 323 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 323 609.25 m 327 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 609.25 m 370 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 370 609.25 m 374 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 609.25 m 427 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 609.25 m 473 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473 609.25 m 477 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 609.25 m 519 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 609.25 m 563 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 568.25 m 229 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 568.25 m 276 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 568.25 m 323 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 568.25 m 370 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 568.25 m 427 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 568.25 m 473 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 568.25 m 519 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 609.25 m 563 609.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 568.25 m 563 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 568.25 m 229 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 568.25 m 276 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 568.25 m 323 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 568.25 m 370 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 568.25 m 427 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 568.25 m 473 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 568.25 m 519 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 523 568.25 m 563 568.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 464.25 m 229 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 464.25 m 276 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 464.25 m 323 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 464.25 m 370 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 464.25 m 427 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 464.25 m 473 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 464.25 m 519 464.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 451.25 m 229 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 451.25 m 276 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 451.25 m 323 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 451.25 m 370 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 451.25 m 427 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 451.25 m 473 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 451.25 m 519 451.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 425.25 m 229 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 425.25 m 276 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 425.25 m 323 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 425.25 m 370 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 425.25 m 427 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 425.25 m 473 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 425.25 m 519 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 425.25 m 229 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 425.25 m 276 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 425.25 m 323 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 425.25 m 370 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 425.25 m 427 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 425.25 m 473 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 425.25 m 519 425.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 412.25 m 229 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 399.25 m 229 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 412.25 m 276 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 399.25 m 276 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 412.25 m 323 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 399.25 m 323 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 412.25 m 370 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 399.25 m 370 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 412.25 m 427 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 399.25 m 427 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 412.25 m 473 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 399.25 m 473 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 412.25 m 519 412.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 399.25 m 519 399.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 337.25 m 229 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 337.25 m 276 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 337.25 m 323 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 337.25 m 370 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 337.25 m 427 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 337.25 m 473 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 337.25 m 519 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 324.25 m 229 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 324.25 m 276 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 324.25 m 323 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 324.25 m 370 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 324.25 m 427 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 337.25 m 473 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 324.25 m 473 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 337.25 m 519 337.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 324.25 m 519 324.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 285.25 m 323 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 285.25 m 370 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 285.25 m 229 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 285.25 m 276 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 285.25 m 323 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 285.25 m 370 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 285.25 m 427 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 285.25 m 473 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 285.25 m 519 285.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 271.25 m 229 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 271.25 m 276 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 271.25 m 323 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 271.25 m 370 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 271.25 m 427 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 271.25 m 473 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 271.25 m 519 271.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 257.25 m 229 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 244.25 m 229 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 257.25 m 276 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 244.25 m 276 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 257.25 m 323 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 244.25 m 323 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 257.25 m 370 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 244.25 m 370 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 257.25 m 427 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 244.25 m 427 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 257.25 m 473 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 244.25 m 473 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 257.25 m 519 257.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 244.25 m 519 244.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 205.25 m 229 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 205.25 m 276 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 205.25 m 323 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 205.25 m 370 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 205.25 m 427 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 205.25 m 473 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 205.25 m 519 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 205.25 m 229 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 193.25 m 229 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 186 191.25 m 229 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 205.25 m 276 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 193.25 m 276 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 233 191.25 m 276 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 205.25 m 323 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 193.25 m 323 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 280 191.25 m 323 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 205.25 m 370 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 193.25 m 370 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 327 191.25 m 370 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 205.25 m 427 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 193.25 m 427 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 374 191.25 m 427 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 205.25 m 473 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 193.25 m 473 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 431 191.25 m 473 191.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 205.25 m 519 205.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 193.25 m 519 193.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 191.25 m 519 191.25 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 225.10 613.71 Td (Proved Reserves as of December 31, 2016 ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 380.06 617.79 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.55 622.71 Td (2016 Average Daily) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 454.75 613.71 Td (Production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 201.20 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 191.70 572.71 Td (\(MBbls\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 240.50 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.00 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 239.50 572.71 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 286.20 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 339.35 599.71 Td (% of ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 330.50 590.71 Td (Company ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.80 581.71 Td (T) Tj ET Q q 0 0 0 rg BT 343.67 581.71 Td (otal) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 333.20 572.71 Td (MBOEs) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.65 590.71 Td (PV) Tj ET Q q 0 0 0 rg BT 399.33 590.71 Td (-10) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 385.20 581.71 Td (V) Tj ET Q q 0 0 0 rg BT 390.70 581.71 Td (alue ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 407.94 585.79 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.25 572.71 Td (\(000) Tj ET Q q 0 0 0 rg BT 406.25 572.71 Td (s\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.70 581.71 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.70 572.71 Td (\(Bbls/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.00 590.71 Td (Natural ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.50 581.71 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 483.50 572.71 Td (\(Mcf/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.55 590.71 Td (Average) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.50 581.71 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 572.71 Td (NRI) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 559.65 Td (Tertiary oil and gas properties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 546.65 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 533.51 Td (Mature properties ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 124.98 537.59 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 533.51 Td (17,466) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 532.82 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 533.51 Td (17,466) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 533.51 Td (6.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 533.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 533.51 Td (92,438) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 533.51 Td (9,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 533.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 533.51 Td (74.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 533.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 520.51 Td (Delhi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 520.51 Td (20,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 520.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 520.51 Td (20,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 520.51 Td (8.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 520.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 520.51 Td (194,197) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 520.51 Td (4,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 520.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 520.51 Td (57.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 520.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 507.51 Td (Hastings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 507.51 Td (32,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 507.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 507.51 Td (32,498) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 507.51 Td (12.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 507.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 507.51 Td (220,883) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 507.51 Td (4,829) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 507.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 507.51 Td (79.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 507.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 494.51 Td (Heidelberg) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 494.51 Td (24,325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 494.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 494.51 Td (24,325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 494.51 Td (9.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 494.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 494.51 Td (105,001) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 494.51 Td (5,128) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 494.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 494.51 Td (81.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 494.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 481.51 Td (Oyster Bayou) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 481.51 Td (15,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 481.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 481.51 Td (15,097) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 481.51 Td (5.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 481.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 481.51 Td (156,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 481.51 Td (5,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 481.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 481.51 Td (87.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 481.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 468.51 Td (Tinsley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 468.51 Td (20,168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 468.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 468.51 Td (20,168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 468.51 Td (7.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 468.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 468.51 Td (124,502) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 468.51 Td (7,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 468.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 468.51 Td (81.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 468.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 455.51 Td (Total Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.25 455.51 Td (129,984) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 455.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 455.51 Td (129,984) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 455.51 Td (51.1) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 455.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 455.51 Td (893,336) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 455.51 Td (35,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 455.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 455.51 Td (76.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 455.51 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 442.65 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 429.51 Td (Bell Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 429.51 Td (18,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 429.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 429.51 Td (18,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 429.51 Td (7.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 429.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 429.51 Td (50,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 429.51 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 429.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 429.51 Td (84.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 429.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 416.51 Td (Total Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 416.51 Td (18,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 416.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 416.51 Td (18,854) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 416.51 Td (7.4) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 416.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 416.51 Td (50,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 416.51 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 416.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 416.51 Td (84.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 416.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 403.51 Td (Total tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.25 403.51 Td (148,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 403.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 403.51 Td (148,838) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 403.51 Td (58.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 403.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 403.51 Td (943,800) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 403.51 Td (38,548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 506.50 403.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 403.51 Td (76.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 403.51 Td (%) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 389.70 Td (Non-tertiary oil and gas) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 380.70 Td (properties) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 367.65 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 354.51 Td (Texas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 354.51 Td (13,588) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.90 354.51 Td (9,855) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 354.51 Td (15,231) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 354.51 Td (6.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 354.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 354.51 Td (106,393) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 354.51 Td (4,153) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 354.51 Td (4,516) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 354.51 Td (75.9) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 354.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 341.51 Td (Mississippi and other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 341.51 Td (4,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 341.51 Td (12,474) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 341.51 Td (6,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 341.51 Td (2.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 341.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 341.51 Td (18,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 341.51 Td (781) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 341.51 Td (3,583) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 341.51 Td (19.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 341.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 328.51 Td (Total Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 328.51 Td (17,973) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 328.51 Td (22,329) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 328.51 Td (21,695) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 328.51 Td (8.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 328.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 328.51 Td (124,565) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 328.51 Td (4,934) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 328.51 Td (8,099) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 328.51 Td (49.8) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 328.51 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 315.65 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 302.51 Td (Cedar Creek ) Tj ET Q q 0 0 0 rg BT 105.48 302.51 Td (Anticline) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 138.97 306.59 Td ( \(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 302.51 Td (78,157) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 302.51 Td (15,314) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 302.51 Td (80,709) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 302.51 Td (31.7) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 302.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 302.51 Td (456,764) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 302.51 Td (16,051) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 302.51 Td (1,630) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 302.51 Td (79.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 302.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 289.51 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 205.25 289.51 Td (2,135) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 251.90 289.51 Td (6,672) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.25 289.51 Td (3,247) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 289.51 Td (1.3) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 289.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 398.75 289.51 Td (16,555) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.25 289.51 Td (1,082) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 289.51 Td (4,571) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 289.51 Td (60.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 289.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 275.71 Td (Total Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 275.71 Td (80,292) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 275.71 Td (21,986) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 294.75 275.71 Td (83,956) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 275.71 Td (33.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 275.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 275.71 Td (473,319) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 275.71 Td (17,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.25 275.71 Td (6,201) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 275.71 Td (77.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 275.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 261.71 Td (Total non-tertiary properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 200.75 261.71 Td (98,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 261.71 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 261.71 Td (105,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 346.25 261.71 Td (41.5) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 261.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 394.25 261.71 Td (597,884) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 261.71 Td (22,067) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 261.71 Td (14,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 261.71 Td (68.2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 261.71 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 70.50 248.51 Td (Total continuing properties) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.25 248.51 Td (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 248.51 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 248.51 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 248.51 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 248.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.50 248.51 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 248.51 Td (1,541,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 248.51 Td (60,615) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 248.51 Td (14,300) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 248.51 Td (73.6) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 555.00 248.51 Td (%) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 235.65 Td (Property sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 222.51 Td (Williston Assets) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.50 222.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 222.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.50 222.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 222.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 222.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.00 222.51 Td (825) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 222.51 Td (233) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 209.51 Td (Other properties divested) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 216.50 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 263.15 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 310.50 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.00 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 414.50 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 460.50 209.51 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 502.00 209.51 Td (845) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 196.65 Td (Company Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 196.25 196.51 Td (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 247.35 196.51 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 290.25 196.51 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 196.51 Td (100.0) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 362.00 196.51 Td (%) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.50 196.51 Td (1,541,684) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 444.75 196.51 Td (61,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 490.75 196.51 Td (15,378) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.61 168.75 Td (above ) Tj ET Q q 0 0 0 rg BT 112.06 168.75 Td (reserve ) Tj ET Q q 0 0 0 rg BT 143.49 168.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 183.27 168.75 Td (were ) Tj ET Q q 0 0 0 rg BT 205.27 168.75 Td (prepared ) Tj ET Q q 0 0 0 rg BT 242.81 168.75 Td (in ) Tj ET Q q 0 0 0 rg BT 253.16 168.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 300.69 168.75 Td (with ) Tj ET Q q 0 0 0 rg BT 321.03 168.75 Td (F) Tj ET Q q 0 0 0 rg BT 325.85 168.75 Td (ASC ) Tj ET Q q 0 0 0 rg BT 347.69 168.75 Td (T) Tj ET Q q 0 0 0 rg BT 353.10 168.75 Td (opic ) Tj ET Q q 0 0 0 rg BT 372.88 168.75 Td (932, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 392.95 168.75 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 436.60 168.75 Td (Industries ) Tj ET Q q 0 0 0 rg BT 479.17 168.75 Td ( ) Tj ET Q q 0 0 0 rg BT 486.74 168.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 502.08 168.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.65 168.75 Td (Gas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.76 168.75 Td (, ) Tj ET Q q 0 0 0 rg BT 540.83 168.75 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 156.75 Td (the ) Tj ET Q q 0 0 0 rg BT 82.82 156.75 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 126.46 156.75 Td (averages ) Tj ET Q q 0 0 0 rg BT 164.54 156.75 Td (of ) Tj ET Q q 0 0 0 rg BT 175.97 156.75 Td (the ) Tj ET Q q 0 0 0 rg BT 191.29 156.75 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 284.37 156.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 324.13 156.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 372.79 156.75 Td (price ) Tj ET Q q 0 0 0 rg BT 395.88 156.75 Td (for ) Tj ET Q q 0 0 0 rg BT 410.64 156.75 Td (each ) Tj ET Q q 0 0 0 rg BT 432.06 156.75 Td (month ) Tj ET Q q 0 0 0 rg BT 460.72 156.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.93 156.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.93 156.75 Td (, ) Tj ET Q q 0 0 0 rg BT 515.53 156.75 Td (which ) Tj ET Q q 0 0 0 rg BT 543.07 156.75 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 144.75 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.00 144.75 Td ( ) Tj ET Q q 0 0 0 rg BT 97.50 144.75 Td (per ) Tj ET Q q 0 0 0 rg BT 112.77 144.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 129.72 144.75 Td (for ) Tj ET Q q 0 0 0 rg BT 143.88 144.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.58 144.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 181.64 144.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.58 144.75 Td ($2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.08 144.75 Td ( ) Tj ET Q q 0 0 0 rg BT 223.58 144.75 Td (per ) Tj ET Q q 0 0 0 rg BT 238.85 144.75 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 273.58 144.75 Td (for ) Tj ET Q q 0 0 0 rg BT 287.74 144.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.00 144.75 Td (gas. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 120.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 120.75 Td (PV) Tj ET Q q 0 0 0 rg BT 79.37 120.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 94.45 120.75 Td (V) Tj ET Q q 0 0 0 rg BT 100.56 120.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 119.11 120.75 Td (is ) Tj ET Q q 0 0 0 rg BT 127.67 120.75 Td (a ) Tj ET Q q 0 0 0 rg BT 134.00 120.75 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 179.19 120.75 Td ( ) Tj ET Q q 0 0 0 rg BT 181.08 120.75 Td (measure ) Tj ET Q q 0 0 0 rg BT 216.29 120.75 Td (and ) Tj ET Q q 0 0 0 rg BT 232.62 120.75 Td (is ) Tj ET Q q 0 0 0 rg BT 241.18 120.75 Td (dif) Tj ET Q q 0 0 0 rg BT 252.11 120.75 Td (ferent ) Tj ET Q q 0 0 0 rg BT 277.32 120.75 Td (from ) Tj ET Q q 0 0 0 rg BT 298.65 120.75 Td (the ) Tj ET Q q 0 0 0 rg BT 312.76 120.75 Td (GAAP) Tj ET Q q 0 0 0 rg BT 339.61 120.75 Td ( ) Tj ET Q q 0 0 0 rg BT 341.50 120.75 Td (measure, ) Tj ET Q q 0 0 0 rg BT 379.21 120.75 Td (the ) Tj ET Q q 0 0 0 rg BT 393.32 120.75 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 447.41 120.75 Td (Measure, ) Tj ET Q q 0 0 0 rg BT 486.24 120.75 Td (in ) Tj ET Q q 0 0 0 rg BT 495.91 120.75 Td (that ) Tj ET Q q 0 0 0 rg BT 512.79 120.75 Td (PV) Tj ET Q q 0 0 0 rg BT 524.66 120.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 539.74 120.75 Td (V) Tj ET Q q 0 0 0 rg BT 545.86 120.75 Td (alue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 108.75 Td (is ) Tj ET Q q 0 0 0 rg BT 77.47 108.75 Td (a ) Tj ET Q q 0 0 0 rg BT 85.21 108.75 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 116.83 108.75 Td (number ) Tj ET Q q 0 0 0 rg BT 150.67 108.75 Td (and ) Tj ET Q q 0 0 0 rg BT 168.41 108.75 Td (the ) Tj ET Q q 0 0 0 rg BT 183.93 108.75 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 239.43 108.75 Td (Measure ) Tj ET Q q 0 0 0 rg BT 277.16 108.75 Td (is ) Tj ET Q q 0 0 0 rg BT 287.13 108.75 Td (an ) Tj ET Q q 0 0 0 rg BT 299.87 108.75 Td (after) Tj ET Q q 0 0 0 rg BT 317.99 108.75 Td (-tax ) Tj ET Q q 0 0 0 rg BT 336.84 108.75 Td (number) Tj ET Q q 0 0 0 rg BT 366.83 108.75 Td (.) Tj ET Q q 0 0 0 rg BT 374.15 108.75 Td (The ) Tj ET Q q 0 0 0 rg BT 393.00 108.75 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 448.50 108.75 Td (Measure ) Tj ET Q q 0 0 0 rg BT 486.23 108.75 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.08 108.75 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 525.88 108.75 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.00 108.75 Td ( ) Tj ET Q q 0 0 0 rg BT 555.30 108.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 96.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 125.63 96.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.63 96.75 Td (.) Tj ET Q q 0 0 0 rg BT 152.58 96.75 Td (A) Tj ET Q q 0 0 0 rg BT 159.25 96.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.30 96.75 Td (comparison ) Tj ET Q q 0 0 0 rg BT 210.00 96.75 Td (of ) Tj ET Q q 0 0 0 rg BT 220.38 96.75 Td (PV) Tj ET Q q 0 0 0 rg BT 232.24 96.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 247.47 96.75 Td (V) Tj ET Q q 0 0 0 rg BT 253.58 96.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 272.29 96.75 Td (to ) Tj ET Q q 0 0 0 rg BT 282.11 96.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.38 96.75 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 350.63 96.75 Td (Measure ) Tj ET Q q 0 0 0 rg BT 387.10 96.75 Td (is ) Tj ET Q q 0 0 0 rg BT 395.82 96.75 Td (included ) Tj ET Q q 0 0 0 rg BT 432.30 96.75 Td (in ) Tj ET Q q 0 0 0 rg BT 442.13 96.75 Td (the ) Tj ET Q q 0 0 0 rg BT 456.39 96.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 491.20 96.75 Td (table ) Tj ET Q q 0 0 0 rg BT 512.68 96.75 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 522.50 96.75 Td (Estimated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 84.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 84.40 84.75 Td (Quantities ) Tj ET Q q 0 0 0 rg BT 129.08 84.75 Td (of ) Tj ET Q q 0 0 0 rg BT 139.87 84.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 149.50 84.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 171.39 84.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 187.19 84.75 Td (and ) Tj ET Q q 0 0 0 rg BT 205.20 84.75 Td (Natural ) Tj ET Q q 0 0 0 rg BT 239.33 84.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 258.46 84.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 297.01 84.75 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 84.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 324.65 84.75 Td (esent ) Tj ET Q q 0 0 0 rg BT 348.21 84.75 Td (V) Tj ET Q q 0 0 0 rg BT 353.21 84.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 373.45 84.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.24 84.75 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 427.25 84.75 Td (Futur) Tj ET Q q 0 0 0 rg BT 449.65 84.75 Td (e ) Tj ET Q q 0 0 0 rg BT 457.11 84.75 Td (Net ) Tj ET Q q 0 0 0 rg BT 474.01 84.75 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 511.76 84.75 Td ( ) Tj ET Q q 0 0 0 rg BT 514.78 84.75 Td (above. ) Tj ET Q q 0 0 0 rg BT 544.17 84.75 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 84.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 72.75 Td (information ) Tj ET Q q 0 0 0 rg BT 118.29 72.75 Td (used ) Tj ET Q q 0 0 0 rg BT 140.20 72.75 Td (to ) Tj ET Q q 0 0 0 rg BT 151.55 72.75 Td (calculate ) Tj ET Q q 0 0 0 rg BT 190.65 72.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.45 72.75 Td (PV) Tj ET Q q 0 0 0 rg BT 218.31 72.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 234.96 72.75 Td (V) Tj ET Q q 0 0 0 rg BT 241.07 72.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 261.31 72.75 Td (is ) Tj ET Q q 0 0 0 rg BT 271.55 72.75 Td (derived ) Tj ET Q q 0 0 0 rg BT 305.12 72.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 339.23 72.75 Td (from ) Tj ET Q q 0 0 0 rg BT 362.25 72.75 Td (data ) Tj ET Q q 0 0 0 rg BT 382.48 72.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 431.04 72.75 Td (in ) Tj ET Q q 0 0 0 rg BT 442.39 72.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 490.93 72.75 Td (with ) Tj ET Q q 0 0 0 rg BT 512.29 72.75 Td (F) Tj ET Q q 0 0 0 rg BT 517.10 72.75 Td (ASC ) Tj ET Q q 0 0 0 rg BT 539.88 72.75 Td (T) Tj ET Q q 0 0 0 rg BT 545.29 72.75 Td (opic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 60.75 Td (932.See ) Tj ET Q q 0 0 0 rg BT 106.94 60.75 Td (the ) Tj ET Q q 0 0 0 rg BT 121.66 60.75 Td (definition ) Tj ET Q q 0 0 0 rg BT 163.04 60.75 Td (of ) Tj ET Q q 0 0 0 rg BT 173.87 60.75 Td (PV) Tj ET Q q 0 0 0 rg BT 185.73 60.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 201.38 60.75 Td (V) Tj ET Q q 0 0 0 rg BT 207.50 60.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 226.65 60.75 Td (in ) Tj ET Q q 0 0 0 rg BT 236.93 60.75 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.65 60.75 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 290.26 60.75 Td (and ) Tj ET Q q 0 0 0 rg BT 307.76 60.75 Td (Selected ) Tj ET Q q 0 0 0 rg BT 343.39 60.75 Td (Abbr) Tj ET Q q 0 0 0 rg BT 363.02 60.75 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.12 60.75 Td (.) Tj ET Q endstream endobj 25 0 obj <> endobj 26 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (Mature ) Tj ET Q q 0 0 0 rg BT 98.81 714.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 141.22 714.60 Td (include ) Tj ET Q q 0 0 0 rg BT 173.08 714.60 Td (Brookhaven, ) Tj ET Q q 0 0 0 rg BT 226.89 714.60 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 269.58 714.60 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 305.05 714.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 329.14 714.60 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 357.95 714.60 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 401.20 714.60 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 451.12 714.60 Td (McComb ) Tj ET Q q 0 0 0 rg BT 491.33 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 508.19 714.60 Td (Soso ) Tj ET Q q 0 0 0 rg BT 530.08 714.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 554.72 714.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 115.57 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 132.51 702.60 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 171.10 702.60 Td (Crossing ) Tj ET Q q 0 0 0 rg BT 209.17 702.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 232.22 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 242.50 702.60 Td (Louisiana.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 678.60 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 111.92 678.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 137.75 678.60 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 177.46 678.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 211.63 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.46 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 229.40 678.60 Td (series ) Tj ET Q q 0 0 0 rg BT 254.67 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 265.50 678.60 Td (14 ) Tj ET Q q 0 0 0 rg BT 278.00 678.60 Td (dif) Tj ET Q q 0 0 0 rg BT 288.93 678.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 314.74 678.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 355.00 678.60 Td (areas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 112.02 654.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 127.09 654.60 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 168.80 654.60 Td (Overview) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 209.34 654.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.84 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.57 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.30 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 229.19 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.44 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.17 654.60 Td (used ) Tj ET Q q 0 0 0 rg BT 254.23 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 263.74 654.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 285.47 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 293.87 654.60 Td (one ) Tj ET Q q 0 0 0 rg BT 310.04 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 320.10 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 654.60 Td (most ) Tj ET Q q 0 0 0 rg BT 355.23 654.60 Td (ef) Tj ET Q q 0 0 0 rg BT 362.82 654.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 390.09 654.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 420.70 654.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.40 654.60 Td (mechanisms ) Tj ET Q q 0 0 0 rg BT 508.57 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 521.96 654.60 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.61 642.60 Td (oil.) Tj ET Q q 0 0 0 rg BT 92.49 642.60 Td (When ) Tj ET Q q 0 0 0 rg BT 119.28 642.60 Td (injected ) Tj ET Q q 0 0 0 rg BT 153.83 642.60 Td (under ) Tj ET Q q 0 0 0 rg BT 179.51 642.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 215.74 642.60 Td (into ) Tj ET Q q 0 0 0 rg BT 234.20 642.60 Td (under) Tj ET Q q 0 0 0 rg BT 256.79 642.60 Td (ground, ) Tj ET Q q 0 0 0 rg BT 290.53 642.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 337.31 642.60 Td (rock ) Tj ET Q q 0 0 0 rg BT 357.98 642.60 Td (formations, ) Tj ET Q q 0 0 0 rg BT 406.72 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 420.61 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.86 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 426.77 642.60 Td (acts ) Tj ET Q q 0 0 0 rg BT 445.22 642.60 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 488.67 642.60 Td (like ) Tj ET Q q 0 0 0 rg BT 506.58 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 513.92 642.60 Td (solvent ) Tj ET Q q 0 0 0 rg BT 545.72 642.60 Td (as ) Tj ET Q q 0 0 0 rg BT 556.96 642.60 Td (it ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (travels ) Tj ET Q q 0 0 0 rg BT 78.93 630.60 Td (through ) Tj ET Q q 0 0 0 rg BT 112.82 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 127.81 630.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 166.13 630.60 Td (rock, ) Tj ET Q q 0 0 0 rg BT 189.17 630.60 Td (mixing ) Tj ET Q q 0 0 0 rg BT 220.29 630.60 Td (with ) Tj ET Q q 0 0 0 rg BT 240.84 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 258.06 630.60 Td (modifying ) Tj ET Q q 0 0 0 rg BT 302.50 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 317.49 630.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 377.46 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 388.57 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.56 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 416.89 630.60 Td (so ) Tj ET Q q 0 0 0 rg BT 428.56 630.60 Td (it ) Tj ET Q q 0 0 0 rg BT 436.90 630.60 Td (can ) Tj ET Q q 0 0 0 rg BT 453.55 630.60 Td (be ) Tj ET Q q 0 0 0 rg BT 465.77 630.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 505.75 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 522.97 630.60 Td (sold.) Tj ET Q q 0 0 0 rg BT 546.96 630.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.22 618.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 110.03 618.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 140.57 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.90 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.15 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.65 618.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 192.70 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.64 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.97 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.22 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.72 618.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 260.66 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 275.36 618.60 Td (used ) Tj ET Q q 0 0 0 rg BT 296.19 618.60 Td (interchangeably ) Tj ET Q q 0 0 0 rg BT 362.55 618.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 408.94 618.60 Td (this ) Tj ET Q q 0 0 0 rg BT 425.89 618.60 Td (document.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (While ) Tj ET Q q 0 0 0 rg BT 94.20 594.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 134.23 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.05 594.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 184.30 594.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 218.22 594.60 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 253.82 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.71 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.96 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 273.23 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 294.38 594.60 Td (been ) Tj ET Q q 0 0 0 rg BT 315.53 594.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 366.67 594.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 410.59 594.60 Td (by ) Tj ET Q q 0 0 0 rg BT 422.86 594.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 464.56 594.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 477.39 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 494.10 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 509.70 594.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 554.73 594.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 57.38 582.60 Td (wide ) Tj ET Q q 0 0 0 rg BT 80.26 582.60 Td (range ) Tj ET Q q 0 0 0 rg BT 105.90 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 117.67 582.60 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 164.99 582.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 207.85 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 219.07 582.60 Td (dif) Tj ET Q q 0 0 0 rg BT 230.00 582.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 256.76 582.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 314.63 582.60 Td (basins, ) Tj ET Q q 0 0 0 rg BT 345.57 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.67 582.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 392.98 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 409.75 582.60 Td (investments, ) Tj ET Q q 0 0 0 rg BT 463.46 582.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 510.21 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 528.08 582.60 Td (acquired ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (knowledge ) Tj ET Q q 0 0 0 rg BT 95.98 570.60 Td (give ) Tj ET Q q 0 0 0 rg BT 115.80 570.60 Td (us ) Tj ET Q q 0 0 0 rg BT 127.29 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 134.33 570.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 170.81 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.85 570.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 237.66 570.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 280.79 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 291.17 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 305.99 570.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 329.13 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 339.51 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 366.56 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 380.82 570.60 Td (operate. ) Tj ET Q q 0 0 0 rg BT 415.34 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.76 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 426.40 570.60 Td (e ) Tj ET Q q 0 0 0 rg BT 433.44 570.60 Td (apply ) Tj ET Q q 0 0 0 rg BT 458.26 570.60 Td (what ) Tj ET Q q 0 0 0 rg BT 480.30 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 494.56 570.60 Td (have ) Tj ET Q q 0 0 0 rg BT 516.04 570.60 Td (learned ) Tj ET Q q 0 0 0 rg BT 548.07 570.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 93.09 558.60 Td (over ) Tj ET Q q 0 0 0 rg BT 113.36 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 128.08 558.60 Td (years ) Tj ET Q q 0 0 0 rg BT 151.68 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 161.96 558.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 197.78 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 214.72 558.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 249.97 558.60 Td (sweep ) Tj ET Q q 0 0 0 rg BT 277.46 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 285.05 558.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 319.75 558.60 Td (within ) Tj ET Q q 0 0 0 rg BT 347.81 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.53 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 376.42 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 382.17 558.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 404.67 558.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 438.82 558.60 Td (we ) Tj ET Q q 0 0 0 rg BT 452.98 558.60 Td (operate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 534.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.11 534.60 Td (began ) Tj ET Q q 0 0 0 rg BT 109.53 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.40 534.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 139.29 533.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.54 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.08 534.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 189.27 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.03 534.60 Td (August ) Tj ET Q q 0 0 0 rg BT 230.46 534.60 Td (1999, ) Tj ET Q q 0 0 0 rg BT 255.49 534.60 Td (when ) Tj ET Q q 0 0 0 rg BT 279.69 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 293.89 534.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 330.85 534.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 355.05 534.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 381.47 534.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 407.06 534.60 Td (followed ) Tj ET Q q 0 0 0 rg BT 445.15 534.60 Td (by ) Tj ET Q q 0 0 0 rg BT 457.68 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.55 534.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 519.97 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.84 534.60 Td (Jackson ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 75.76 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 89.65 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.90 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 94.73 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 129.31 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.57 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.61 522.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 185.88 522.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 219.92 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 229.52 522.60 Td (2001.Based ) Tj ET Q q 0 0 0 rg BT 283.28 522.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 305.10 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 320.26 522.60 Td (success ) Tj ET Q q 0 0 0 rg BT 352.07 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 361.11 522.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 384.60 522.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 410.30 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 426.56 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.60 522.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 484.08 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.24 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 508.28 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.17 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.42 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 527.24 522.60 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.25 510.60 Td (began ) Tj ET Q q 0 0 0 rg BT 89.21 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 99.07 510.60 Td (transition ) Tj ET Q q 0 0 0 rg BT 138.93 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.35 510.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 183.09 510.60 Td (spending ) Tj ET Q q 0 0 0 rg BT 221.28 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 237.81 510.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 283.78 510.60 Td (ef) Tj ET Q q 0 0 0 rg BT 291.36 510.60 Td (forts ) Tj ET Q q 0 0 0 rg BT 311.78 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.65 510.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 345.39 510.60 Td (more ) Tj ET Q q 0 0 0 rg BT 368.02 510.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 399.54 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 411.63 510.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 425.52 509.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.77 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.86 510.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 452.95 510.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 471.97 510.60 Td (over ) Tj ET Q q 0 0 0 rg BT 491.83 510.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 514.19 510.60 Td (transformed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.94 498.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 100.71 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.60 498.60 Td (focus ) Tj ET Q q 0 0 0 rg BT 136.38 498.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 176.70 498.60 Td (on ) Tj ET Q q 0 0 0 rg BT 189.81 498.60 Td (owning ) Tj ET Q q 0 0 0 rg BT 222.93 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.48 498.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 281.35 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 295.02 498.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 320.35 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 338.46 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 353.78 498.60 Td (well ) Tj ET Q q 0 0 0 rg BT 374.11 498.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 401.11 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 415.88 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 429.77 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.02 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 436.14 498.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 459.25 498.60 Td (projects. ) Tj ET Q q 0 0 0 rg BT 496.52 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.63 498.60 Td (Prior ) Tj ET Q q 0 0 0 rg BT 522.74 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 498.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 88.28 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 102.33 486.60 Td (strive ) Tj ET Q q 0 0 0 rg BT 126.94 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.11 486.60 Td (maximize ) Tj ET Q q 0 0 0 rg BT 178.93 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.54 486.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 232.03 486.60 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 266.62 486.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 300.67 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.50 486.60 Td (secondary ) Tj ET Q q 0 0 0 rg BT 360.43 486.60 Td (production ) Tj ET Q q 0 0 0 rg BT 406.15 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 427.98 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 443.70 486.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 492.19 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 523.46 486.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 548.06 486.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.79 474.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 96.86 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.49 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 134.78 474.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 166.51 474.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 194.36 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 216.09 474.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 267.26 474.60 Td (but ) Tj ET Q q 0 0 0 rg BT 282.89 474.60 Td (still ) Tj ET Q q 0 0 0 rg BT 300.75 474.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 333.03 474.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 378.10 474.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 428.15 474.60 Td (production.Our ) Tj ET Q q 0 0 0 rg BT 497.38 474.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 519.67 474.60 Td (base ) Tj ET Q q 0 0 0 rg BT 540.29 474.60 Td (today ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (almost ) Tj ET Q q 0 0 0 rg BT 78.60 462.60 Td (entirely ) Tj ET Q q 0 0 0 rg BT 111.58 462.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 145.69 462.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 158.95 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 169.72 462.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 211.03 462.60 Td (relates ) Tj ET Q q 0 0 0 rg BT 239.56 462.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 252.28 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 265.27 462.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 289.92 462.60 Td (that ) Tj ET Q q 0 0 0 rg BT 307.36 462.60 Td (we ) Tj ET Q q 0 0 0 rg BT 321.45 462.60 Td (are ) Tj ET Q q 0 0 0 rg BT 336.10 462.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 374.63 462.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 410.95 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 431.17 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 445.06 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.31 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 450.74 462.60 Td (or ) Tj ET Q q 0 0 0 rg BT 461.51 462.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 481.16 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 491.38 462.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 514.92 462.60 Td (with ) Tj ET Q q 0 0 0 rg BT 535.14 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 549.03 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.28 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.71 462.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 450.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 93.09 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 103.92 450.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 129.75 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 147.25 450.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 181.96 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.85 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.10 450.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.51 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 118.84 426.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 163.96 426.60 Td (have ) Tj ET Q q 0 0 0 rg BT 186.29 426.60 Td (grown ) Tj ET Q q 0 0 0 rg BT 215.31 426.60 Td (so ) Tj ET Q q 0 0 0 rg BT 227.66 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 246.11 426.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.23 426.60 Td (59%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.56 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 283.02 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.81 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 311.60 426.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 342.83 426.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.05 426.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.72 426.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 449.27 426.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.27 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.72 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 488.39 426.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 519.62 426.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.95 426.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 87.78 414.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.19 414.60 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.52 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.26 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 134.34 414.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.42 414.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.42 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 173.16 414.60 Td (total ) Tj ET Q q 0 0 0 rg BT 193.68 414.60 Td (production ) Tj ET Q q 0 0 0 rg BT 239.75 414.60 Td (was ) Tj ET Q q 0 0 0 rg BT 258.05 414.60 Td (related ) Tj ET Q q 0 0 0 rg BT 288.00 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.52 414.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 330.14 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.44 414.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 387.84 414.60 Td (\(on ) Tj ET Q q 0 0 0 rg BT 403.92 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 411.10 414.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 433.85 414.60 Td (basis\); ) Tj ET Q q 0 0 0 rg BT 462.70 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.88 414.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.29 414.60 Td (80%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.62 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 515.37 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.44 414.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 414.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.34 402.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 131.62 402.60 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 176.58 402.60 Td (acquisitions\) ) Tj ET Q q 0 0 0 rg BT 229.87 402.60 Td (were ) Tj ET Q q 0 0 0 rg BT 251.49 402.60 Td (related ) Tj ET Q q 0 0 0 rg BT 280.88 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 290.85 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 306.37 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 337.43 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 350.18 402.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 398.78 402.60 Td (At ) Tj ET Q q 0 0 0 rg BT 410.97 402.60 Td (year) Tj ET Q q 0 0 0 rg BT 427.98 402.60 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.94 402.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.94 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 472.63 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 487.03 402.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 516.99 402.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 529.74 402.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.73 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 77.52 390.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 109.84 390.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 148.27 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 162.29 390.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 187.96 390.60 Td (had ) Tj ET Q q 0 0 0 rg BT 205.85 390.60 Td (an ) Tj ET Q q 0 0 0 rg BT 218.74 390.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 260.52 390.60 Td (PV) Tj ET Q q 0 0 0 rg BT 272.38 390.60 Td (-10 ) Tj ET Q q 0 0 0 rg BT 288.92 390.60 Td (V) Tj ET Q q 0 0 0 rg BT 295.03 390.60 Td (alue ) Tj ET Q q 0 0 0 rg BT 315.14 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.93 390.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.14 390.60 Td ($943.8 ) Tj ET Q q 0 0 0 rg BT 419.09 390.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.99 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 453.94 390.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.73 390.60 Td (61%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.06 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 487.51 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.29 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 516.08 390.60 Td (total ) Tj ET Q q 0 0 0 rg BT 537.31 390.60 Td (PV) Tj ET Q q 0 0 0 rg BT 549.17 390.60 Td (-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 378.60 Td (alue.In ) Tj ET Q q 0 0 0 rg BT 91.20 378.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 129.57 378.60 Td (there ) Tj ET Q q 0 0 0 rg BT 152.65 378.60 Td (are ) Tj ET Q q 0 0 0 rg BT 167.95 378.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 213.26 378.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 251.34 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.88 378.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 304.76 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 340.61 378.60 Td (at ) Tj ET Q q 0 0 0 rg BT 350.93 378.60 Td (several ) Tj ET Q q 0 0 0 rg BT 382.34 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 405.98 378.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 431.30 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 446.05 378.60 Td (which ) Tj ET Q q 0 0 0 rg BT 473.59 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 505.56 378.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 550.31 378.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (underway ) Tj ET Q q 0 0 0 rg BT 91.43 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 102.26 366.60 Td (planned.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 108.41 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 123.76 342.60 Td (up-front ) Tj ET Q q 0 0 0 rg BT 159.67 342.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 178.91 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 190.37 342.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.38 342.60 Td (production ) Tj ET Q q 0 0 0 rg BT 268.84 342.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 325.83 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 343.40 342.60 Td (time ) Tj ET Q q 0 0 0 rg BT 364.31 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.22 342.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 415.01 342.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 454.25 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.82 342.60 Td (production ) Tj ET Q q 0 0 0 rg BT 518.28 342.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 555.84 342.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 78.96 330.60 Td (than ) Tj ET Q q 0 0 0 rg BT 97.87 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 107.35 330.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 140.71 330.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 152.97 330.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 189.65 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 199.13 330.60 Td (most ) Tj ET Q q 0 0 0 rg BT 220.28 330.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 281.12 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 294.48 330.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 325.05 330.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 355.63 330.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 392.31 330.60 Td (has ) Tj ET Q q 0 0 0 rg BT 407.34 330.60 Td (several ) Tj ET Q q 0 0 0 rg BT 437.35 330.60 Td (favorable, ) Tj ET Q q 0 0 0 rg BT 479.31 330.60 Td (of) Tj ET Q q 0 0 0 rg BT 487.46 330.60 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 519.16 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 330.60 Td (unique ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (attributes, ) Tj ET Q q 0 0 0 rg BT 92.53 318.60 Td (including ) Tj ET Q q 0 0 0 rg BT 133.63 318.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 148.61 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.38 318.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 182.47 318.60 Td (exploration ) Tj ET Q q 0 0 0 rg BT 231.33 318.60 Td (risk, ) Tj ET Q q 0 0 0 rg BT 252.15 318.60 Td (as ) Tj ET Q q 0 0 0 rg BT 263.81 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 278.79 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 294.32 318.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 335.41 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.29 318.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 374.82 318.60 Td (that ) Tj ET Q q 0 0 0 rg BT 393.14 318.60 Td (have ) Tj ET Q q 0 0 0 rg BT 415.34 318.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 460.88 318.60 Td (historical ) Tj ET Q q 0 0 0 rg BT 501.41 318.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.06 318.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 88.00 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.41 306.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 150.02 306.60 Td (data, ) Tj ET Q q 0 0 0 rg BT 172.14 306.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 186.77 306.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 232.49 306.60 Td (return ) Tj ET Q q 0 0 0 rg BT 259.33 306.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 291.73 306.60 Td (at ) Tj ET Q q 0 0 0 rg BT 301.91 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 318.21 306.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 365.04 306.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 407.44 306.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 436.78 306.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 451.41 306.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 482.70 306.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 533.43 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 548.06 306.60 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 86.98 294.60 Td (method ) Tj ET Q q 0 0 0 rg BT 119.48 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.76 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 145.60 294.60 Td (geographic ) Tj ET Q q 0 0 0 rg BT 192.53 294.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 224.47 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 241.41 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 248.36 294.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 284.73 294.60 Td (advantage ) Tj ET Q q 0 0 0 rg BT 327.77 294.60 Td (due ) Tj ET Q q 0 0 0 rg BT 344.71 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 355.00 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 370.83 294.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 415.00 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.83 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.55 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 454.45 293.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.32 294.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.59 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.53 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 525.42 293.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.30 294.60 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 109.08 282.60 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 123.97 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 140.52 282.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 163.74 282.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 208.62 282.60 Td (are ) Tj ET Q q 0 0 0 rg BT 224.04 282.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 264.47 282.60 Td (less ) Tj ET Q q 0 0 0 rg BT 282.69 282.60 Td (disruptive ) Tj ET Q q 0 0 0 rg BT 325.91 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.91 282.60 Td (new ) Tj ET Q q 0 0 0 rg BT 356.79 282.60 Td (habitats ) Tj ET Q q 0 0 0 rg BT 391.11 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 402.11 282.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 451.99 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 462.99 282.60 Td (other ) Tj ET Q q 0 0 0 rg BT 486.76 282.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 500.54 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.20 282.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 282.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (development ) Tj ET Q q 0 0 0 rg BT 102.84 270.60 Td (because ) Tj ET Q q 0 0 0 rg BT 136.17 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 149.52 270.60 Td (further ) Tj ET Q q 0 0 0 rg BT 178.41 270.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 211.75 270.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 245.11 270.60 Td (\(as ) Tj ET Q q 0 0 0 rg BT 258.45 270.60 Td (opposed ) Tj ET Q q 0 0 0 rg BT 293.47 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.94 270.60 Td (new\) ) Tj ET Q q 0 0 0 rg BT 324.61 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 336.86 270.60 Td (fields, ) Tj ET Q q 0 0 0 rg BT 363.26 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 379.39 270.60 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 392.73 270.60 Td (through ) Tj ET Q q 0 0 0 rg BT 425.53 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 440.54 270.60 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 496.67 270.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 518.35 270.60 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.11 258.60 Td (concurrently ) Tj ET Q q 0 0 0 rg BT 115.59 258.60 Td (store ) Tj ET Q q 0 0 0 rg BT 136.98 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.87 257.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.38 258.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 191.76 258.60 Td (from ) Tj ET Q q 0 0 0 rg BT 213.14 258.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 252.86 258.60 Td (sources) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 282.85 257.17 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.12 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.85 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.01 258.60 Td (same ) Tj ET Q q 0 0 0 rg BT 330.51 258.60 Td (under) Tj ET Q q 0 0 0 rg BT 353.10 258.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 383.37 258.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 428.65 258.60 Td (that ) Tj ET Q q 0 0 0 rg BT 445.59 258.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 489.76 258.60 Td (trapped ) Tj ET Q q 0 0 0 rg BT 521.69 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 538.08 258.60 Td (stored ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.56 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 79.50 246.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 109.76 246.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.25 222.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 87.18 222.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 103.01 222.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 113.38 222.60 Td (operties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 70.89 198.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 96.73 198.60 Td (Region) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 63.39 173.17 Td (2) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 66.64 174.60 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.39 174.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 174.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 174.60 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 150.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 105.34 150.60 Td (Dome.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 132.83 150.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.71 150.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 157.64 150.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 192.68 150.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 214.39 150.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 240.56 150.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.45 149.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.70 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 261.08 150.60 Td (source, ) Tj ET Q q 0 0 0 rg BT 293.06 150.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 328.10 150.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 358.43 150.60 Td (located ) Tj ET Q q 0 0 0 rg BT 390.68 150.60 Td (near ) Tj ET Q q 0 0 0 rg BT 411.27 150.60 Td (Jackson, ) Tj ET Q q 0 0 0 rg BT 448.81 150.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 500.27 150.60 Td (was ) Tj ET Q q 0 0 0 rg BT 519.20 150.60 Td (discovered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (during ) Tj ET Q q 0 0 0 rg BT 77.50 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.62 138.60 Td (1970s ) Tj ET Q q 0 0 0 rg BT 117.40 138.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.30 138.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 141.75 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.09 138.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.31 138.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 217.97 138.60 Td (that ) Tj ET Q q 0 0 0 rg BT 234.86 138.60 Td (were ) Tj ET Q q 0 0 0 rg BT 256.19 138.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 296.41 138.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.97 138.60 Td (hydrocarbons.) Tj ET Q q 0 0 0 rg BT 371.71 138.60 Td (This ) Tj ET Q q 0 0 0 rg BT 391.39 138.60 Td (lar) Tj ET Q q 0 0 0 rg BT 401.76 138.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 413.09 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.42 138.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 469.08 138.60 Td (pure ) Tj ET Q q 0 0 0 rg BT 488.74 138.60 Td (source ) Tj ET Q q 0 0 0 rg BT 516.74 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.96 138.60 Td (naturally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 90.39 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 104.28 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.53 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.11 126.60 Td (\(98% ) Tj ET Q q 0 0 0 rg BT 134.34 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 148.24 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.48 126.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 157.39 126.60 Td (is, ) Tj ET Q q 0 0 0 rg BT 169.14 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 179.49 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 195.40 126.60 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 244.35 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.14 126.60 Td (only ) Tj ET Q q 0 0 0 rg BT 279.50 126.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.28 126.60 Td (under) Tj ET Q q 0 0 0 rg BT 346.87 126.60 Td (ground ) Tj ET Q q 0 0 0 rg BT 377.78 126.60 Td (deposit ) Tj ET Q q 0 0 0 rg BT 409.24 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.14 126.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 434.04 125.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.29 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.86 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 450.22 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.01 126.60 Td (United ) Tj ET Q q 0 0 0 rg BT 494.80 126.60 Td (States ) Tj ET Q q 0 0 0 rg BT 521.26 126.60 Td (east ) Tj ET Q q 0 0 0 rg BT 539.39 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 126.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 96.52 114.60 Td (River) Tj ET Q q 0 0 0 rg BT 118.18 114.60 Td (. ) Tj ET Q q 0 0 0 rg BT 122.13 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.47 114.60 Td (T) Tj ET Q q 0 0 0 rg BT 128.88 114.60 Td (ogether ) Tj ET Q q 0 0 0 rg BT 160.31 114.60 Td (with ) Tj ET Q q 0 0 0 rg BT 179.54 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.20 114.60 Td (related ) Tj ET Q q 0 0 0 rg BT 221.85 114.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.74 113.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.99 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.44 114.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 274.10 114.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 331.91 114.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 365.01 114.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 390.90 114.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 426.78 114.60 Td (us ) Tj ET Q q 0 0 0 rg BT 437.12 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 443.01 114.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 486.67 114.60 Td (strategic ) Tj ET Q q 0 0 0 rg BT 521.99 114.60 Td (advantage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 102.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 120.88 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.71 102.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.19 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 184.47 102.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 235.04 102.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 276.98 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 293.91 102.60 Td (southeastern ) Tj ET Q q 0 0 0 rg BT 346.22 102.60 Td (T) Tj ET Q q 0 0 0 rg BT 351.63 102.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 371.90 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 389.39 102.60 Td (are ) Tj ET Q q 0 0 0 rg BT 404.10 102.60 Td (well ) Tj ET Q q 0 0 0 rg BT 423.82 102.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 450.20 102.60 Td (for ) Tj ET Q q 0 0 0 rg BT 464.36 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 478.25 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.50 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.00 102.60 Td (EOR.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 78.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.58 78.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 119.01 78.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 152.68 78.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 179.13 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.91 78.60 Td (February ) Tj ET Q q 0 0 0 rg BT 227.02 78.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 249.02 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.81 78.60 Td (a ) Tj ET Q q 0 0 0 rg BT 265.25 78.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 302.80 78.60 Td (that ) Tj ET Q q 0 0 0 rg BT 319.80 78.60 Td (also ) Tj ET Q q 0 0 0 rg BT 337.92 78.60 Td (gave ) Tj ET Q q 0 0 0 rg BT 358.80 78.60 Td (us ) Tj ET Q q 0 0 0 rg BT 369.70 78.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 413.36 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.81 78.60 Td (control ) Tj ET Q q 0 0 0 rg BT 460.14 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 470.48 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 484.70 78.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 511.15 78.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 525.04 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.29 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 530.30 78.60 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.43 66.60 Td (provided ) Tj ET Q q 0 0 0 rg BT 106.47 66.60 Td (us ) Tj ET Q q 0 0 0 rg BT 118.85 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 140.13 66.60 Td (a ) Tj ET Q q 0 0 0 rg BT 148.06 66.60 Td (reliable ) Tj ET Q q 0 0 0 rg BT 181.53 66.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 211.69 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 223.52 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 237.41 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.66 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 244.15 66.60 Td (at ) Tj ET Q q 0 0 0 rg BT 254.86 66.60 Td (a ) Tj ET Q q 0 0 0 rg BT 262.79 66.60 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 309.04 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 326.97 66.60 Td (predictable ) Tj ET Q q 0 0 0 rg BT 374.88 66.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 394.48 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 409.63 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.46 66.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 448.28 66.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 474.55 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 488.44 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.69 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 495.18 66.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 527.55 66.60 Td (recovery ) Tj ET Q endstream endobj 27 0 obj <> endobj 28 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (operations.Since ) Tj ET Q q 0 0 0 rg BT 124.65 726.60 Td (February ) Tj ET Q q 0 0 0 rg BT 164.52 726.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 190.79 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 206.22 726.60 Td (have ) Tj ET Q q 0 0 0 rg BT 228.87 726.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 267.07 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.28 726.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 315.16 726.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 358.37 726.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 372.26 725.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.51 726.60 Td (-producing ) Tj ET Q q 0 0 0 rg BT 423.16 726.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 450.54 726.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 504.30 726.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 549.17 726.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 89.39 714.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 118.74 714.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 138.64 714.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 162.99 714.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.88 713.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.13 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 181.71 714.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 216.04 714.60 Td (from ) Tj ET Q q 0 0 0 rg BT 237.05 714.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 296.38 714.60 Td (800 ) Tj ET Q q 0 0 0 rg BT 312.96 714.60 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 328.97 714.60 Td (at ) Tj ET Q q 0 0 0 rg BT 337.76 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.55 714.60 Td (time ) Tj ET Q q 0 0 0 rg BT 370.90 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.80 714.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 426.26 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.16 714.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 469.40 714.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 495.41 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 504.76 714.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (5.3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 64.07 702.60 Td (T) Tj ET Q q 0 0 0 rg BT 69.48 702.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 79.47 702.60 Td (as ) Tj ET Q q 0 0 0 rg BT 90.03 702.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.59 702.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 158.90 702.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.90 702.60 Td (.) Tj ET Q q 0 0 0 rg BT 186.22 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 204.00 702.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 233.99 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 247.88 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.13 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 253.36 702.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 284.46 702.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 323.90 702.60 Td (are ) Tj ET Q q 0 0 0 rg BT 338.33 702.60 Td (based ) Tj ET Q q 0 0 0 rg BT 363.33 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 375.56 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 382.22 702.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 405.56 702.60 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 438.90 702.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 463.63 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 474.19 702.60 Td (which ) Tj ET Q q 0 0 0 rg BT 500.85 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 516.41 702.60 Td (net ) Tj ET Q q 0 0 0 rg BT 530.86 702.60 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.00 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 91.74 690.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.57 690.60 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 167.92 690.60 Td (T) Tj ET Q q 0 0 0 rg BT 173.33 690.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.10 690.60 Td (, ) Tj ET Q q 0 0 0 rg BT 186.67 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.18 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.92 690.60 Td (included ) Tj ET Q q 0 0 0 rg BT 251.42 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.27 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 277.56 690.60 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 322.28 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.68 690.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 364.52 690.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 378.41 689.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.66 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 384.73 690.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.56 690.60 Td (prepared ) Tj ET Q q 0 0 0 rg BT 458.61 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 471.68 690.60 Td (D&M, ) Tj ET Q q 0 0 0 rg BT 501.14 690.60 Td (an ) Tj ET Q q 0 0 0 rg BT 513.65 690.60 Td (independent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 91.77 678.60 Td (engineering ) Tj ET Q q 0 0 0 rg BT 140.70 678.60 Td (consulting ) Tj ET Q q 0 0 0 rg BT 184.09 678.60 Td (firm.In ) Tj ET Q q 0 0 0 rg BT 218.87 678.60 Td (discussing ) Tj ET Q q 0 0 0 rg BT 262.26 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.32 678.60 Td (available ) Tj ET Q q 0 0 0 rg BT 315.14 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 329.03 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.28 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 334.01 678.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 370.99 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 384.38 678.60 Td (make ) Tj ET Q q 0 0 0 rg BT 407.76 678.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 446.67 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.18 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.12 678.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 492.96 678.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 524.69 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 534.74 678.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.46 666.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 103.96 666.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 141.74 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 152.59 666.60 Td (this ) Tj ET Q q 0 0 0 rg BT 169.55 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 178.74 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.48 666.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 225.99 666.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.50 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 252.69 666.60 Td (available ) Tj ET Q q 0 0 0 rg BT 291.30 666.60 Td (both ) Tj ET Q q 0 0 0 rg BT 311.60 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 325.78 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 341.63 666.60 Td (own ) Tj ET Q q 0 0 0 rg BT 361.37 666.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 392.76 666.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 430.25 666.60 Td (programs ) Tj ET Q q 0 0 0 rg BT 470.54 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.49 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 501.67 666.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 541.96 666.60 Td (users ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (who ) Tj ET Q q 0 0 0 rg BT 69.22 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 83.93 654.60 Td (customers ) Tj ET Q q 0 0 0 rg BT 126.98 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 654.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 175.30 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 192.23 654.60 Td (others, ) Tj ET Q q 0 0 0 rg BT 221.67 654.60 Td (as ) Tj ET Q q 0 0 0 rg BT 232.50 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 246.66 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 261.37 654.60 Td (responsible ) Tj ET Q q 0 0 0 rg BT 309.42 654.60 Td (for ) Tj ET Q q 0 0 0 rg BT 323.58 654.60 Td (distributing ) Tj ET Q q 0 0 0 rg BT 372.19 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.91 654.60 Td (entire ) Tj ET Q q 0 0 0 rg BT 412.17 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 426.06 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.31 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.81 654.60 Td (production ) Tj ET Q q 0 0 0 rg BT 477.64 654.60 Td (stream.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.49 630.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 113.93 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.37 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 140.37 630.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 170.80 630.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 208.72 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 223.04 630.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 259.03 630.60 Td (that ) Tj ET Q q 0 0 0 rg BT 276.69 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 291.01 630.60 Td (have ) Tj ET Q q 0 0 0 rg BT 312.55 630.60 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 327.52 630.60 Td (T) Tj ET Q q 0 0 0 rg BT 332.93 630.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 343.36 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 354.36 630.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 392.01 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 405.90 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.15 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 411.81 630.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 447.23 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 457.11 630.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 491.44 630.60 Td (Dome.) Tj ET Q q 0 0 0 rg BT 523.20 630.60 Td (While ) Tj ET Q q 0 0 0 rg BT 550.29 630.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 86.23 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 97.40 618.60 Td (these ) Tj ET Q q 0 0 0 rg BT 120.79 618.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 158.62 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.22 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 209.28 618.60 Td (located ) Tj ET Q q 0 0 0 rg BT 240.99 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 251.61 618.60 Td (structures ) Tj ET Q q 0 0 0 rg BT 293.34 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 311.17 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 332.90 618.60 Td (been ) Tj ET Q q 0 0 0 rg BT 354.62 618.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 383.56 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 400.85 618.60 Td (tested, ) Tj ET Q q 0 0 0 rg BT 429.52 618.60 Td (such ) Tj ET Q q 0 0 0 rg BT 450.69 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 486.29 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 501.35 618.60 Td (still ) Tj ET Q q 0 0 0 rg BT 519.19 618.60 Td (considered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 87.45 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 123.17 606.60 Td (because ) Tj ET Q q 0 0 0 rg BT 157.79 606.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 172.41 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.59 606.60 Td (original ) Tj ET Q q 0 0 0 rg BT 221.66 606.60 Td (well ) Tj ET Q q 0 0 0 rg BT 241.84 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 251.48 606.60 Td (plugged; ) Tj ET Q q 0 0 0 rg BT 289.44 606.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 304.07 606.60 Td (they ) Tj ET Q q 0 0 0 rg BT 324.25 606.60 Td (are ) Tj ET Q q 0 0 0 rg BT 339.42 606.60 Td (located ) Tj ET Q q 0 0 0 rg BT 371.26 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.00 606.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 403.29 606.60 Td (blocks ) Tj ET Q q 0 0 0 rg BT 432.37 606.60 Td (that ) Tj ET Q q 0 0 0 rg BT 450.33 606.60 Td (are ) Tj ET Q q 0 0 0 rg BT 465.50 606.60 Td (immediately ) Tj ET Q q 0 0 0 rg BT 518.45 606.60 Td (adjacent ) Tj ET Q q 0 0 0 rg BT 554.72 606.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 69.81 594.60 Td (blocks ) Tj ET Q q 0 0 0 rg BT 97.90 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 117.66 594.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 147.41 594.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 184.92 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 195.24 594.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 208.88 594.60 Td (they ) Tj ET Q q 0 0 0 rg BT 228.08 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 242.26 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 277.00 594.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 320.08 594.60 Td (with ) Tj ET Q q 0 0 0 rg BT 339.84 594.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 382.92 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 397.11 594.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 431.86 594.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 468.82 594.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 494.12 594.60 Td (from ) Tj ET Q q 0 0 0 rg BT 515.54 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 530.85 594.60 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 92.34 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 113.53 582.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 144.71 582.60 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 183.38 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.79 582.60 Td (In ) Tj ET Q q 0 0 0 rg BT 198.54 582.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 237.22 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 245.07 582.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 290.70 582.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 323.00 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 334.74 582.60 Td (these ) Tj ET Q q 0 0 0 rg BT 358.70 582.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 397.09 582.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 433.27 582.60 Td (at ) Tj ET Q q 0 0 0 rg BT 443.89 582.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 478.97 582.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 506.82 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 522.44 582.60 Td (located ) Tj ET Q q 0 0 0 rg BT 554.72 582.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 87.88 570.60 Td (structures ) Tj ET Q q 0 0 0 rg BT 129.03 570.60 Td (where ) Tj ET Q q 0 0 0 rg BT 155.74 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 169.67 570.60 Td (have ) Tj ET Q q 0 0 0 rg BT 190.82 570.60 Td (suf) Tj ET Q q 0 0 0 rg BT 202.86 570.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 230.68 570.60 Td (subsurface ) Tj ET Q q 0 0 0 rg BT 275.72 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.43 570.60 Td (seismic ) Tj ET Q q 0 0 0 rg BT 324.70 570.60 Td (data ) Tj ET Q q 0 0 0 rg BT 343.63 570.60 Td (indicating ) Tj ET Q q 0 0 0 rg BT 385.90 570.60 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 435.94 570.60 Td (attributes ) Tj ET Q q 0 0 0 rg BT 475.42 570.60 Td (that, ) Tj ET Q q 0 0 0 rg BT 495.19 570.60 Td (coupled ) Tj ET Q q 0 0 0 rg BT 529.12 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 549.18 570.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 96.99 558.60 Td (high ) Tj ET Q q 0 0 0 rg BT 117.27 558.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 149.21 558.60 Td (success ) Tj ET Q q 0 0 0 rg BT 181.70 558.60 Td (rate, ) Tj ET Q q 0 0 0 rg BT 201.69 558.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 234.73 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 241.67 558.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 287.49 558.60 Td (high ) Tj ET Q q 0 0 0 rg BT 307.77 558.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 336.91 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 347.74 558.60 Td (certainty ) Tj ET Q q 0 0 0 rg BT 385.22 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 402.72 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 416.61 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.86 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 422.36 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 431.53 558.60 Td (present.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (In ) Tj ET Q q 0 0 0 rg BT 77.62 534.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 112.19 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.75 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 136.88 534.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 168.11 534.60 Td (at ) Tj ET Q q 0 0 0 rg BT 177.12 534.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 210.57 534.60 Td (Dome, ) Tj ET Q q 0 0 0 rg BT 239.30 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 252.75 534.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 288.97 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.54 534.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 329.21 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 344.33 534.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 388.89 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.12 534.60 Td (dehydration ) Tj ET Q q 0 0 0 rg BT 454.68 534.60 Td (capacities, ) Tj ET Q q 0 0 0 rg BT 498.39 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.62 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 528.07 534.60 Td (continue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.15 522.60 Td (install ) Tj ET Q q 0 0 0 rg BT 87.47 522.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 126.45 522.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 154.88 522.60 Td (pumping ) Tj ET Q q 0 0 0 rg BT 193.31 522.60 Td (stations ) Tj ET Q q 0 0 0 rg BT 226.74 522.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 268.48 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.14 522.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 317.56 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 332.65 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 346.55 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.80 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 352.67 522.60 Td (through ) Tj ET Q q 0 0 0 rg BT 386.66 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 402.86 522.60 Td (controlled ) Tj ET Q q 0 0 0 rg BT 446.28 522.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 481.37 522.60 Td (network. ) Tj ET Q q 0 0 0 rg BT 519.51 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 521.75 522.60 Td (As ) Tj ET Q q 0 0 0 rg BT 535.74 522.60 Td (part ) Tj ET Q q 0 0 0 rg BT 554.17 522.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.53 510.60 Td (innovation ) Tj ET Q q 0 0 0 rg BT 110.99 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.13 510.60 Td (improvement ) Tj ET Q q 0 0 0 rg BT 184.14 510.60 Td (initiative, ) Tj ET Q q 0 0 0 rg BT 224.89 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.24 510.60 Td (have ) Tj ET Q q 0 0 0 rg BT 260.81 510.60 Td (identified ) Tj ET Q q 0 0 0 rg BT 301.83 510.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 326.74 510.60 Td (where ) Tj ET Q q 0 0 0 rg BT 353.87 510.60 Td (we ) Tj ET Q q 0 0 0 rg BT 368.22 510.60 Td (have ) Tj ET Q q 0 0 0 rg BT 389.79 510.60 Td (been ) Tj ET Q q 0 0 0 rg BT 411.37 510.60 Td (able ) Tj ET Q q 0 0 0 rg BT 430.72 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 441.19 510.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 470.53 510.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 484.42 509.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.67 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 490.37 510.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 531.94 510.60 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.76 498.60 Td (impacting ) Tj ET Q q 0 0 0 rg BT 144.01 498.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 192.11 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 193.87 498.60 Td (As ) Tj ET Q q 0 0 0 rg BT 207.25 498.60 Td (such, ) Tj ET Q q 0 0 0 rg BT 230.35 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 244.28 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 265.42 498.60 Td (been ) Tj ET Q q 0 0 0 rg BT 286.57 498.60 Td (able ) Tj ET Q q 0 0 0 rg BT 305.49 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.53 498.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 344.45 498.60 Td (injected ) Tj ET Q q 0 0 0 rg BT 378.36 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 392.26 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.51 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 397.77 498.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 433.93 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 443.97 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.46 498.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 479.05 498.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 504.10 498.60 Td (region ) Tj ET Q q 0 0 0 rg BT 531.91 498.60 Td (by ) Tj ET Q q 0 0 0 rg BT 544.18 498.60 Td (23% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (when ) Tj ET Q q 0 0 0 rg BT 74.27 486.60 Td (comparing ) Tj ET Q q 0 0 0 rg BT 120.14 486.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 158.24 486.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 184.67 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.56 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.88 486.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 238.43 486.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 269.85 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.29 486.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 304.40 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 315.28 486.60 Td (those ) Tj ET Q q 0 0 0 rg BT 339.50 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 350.39 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.71 486.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 388.26 486.60 Td (year ) Tj ET Q q 0 0 0 rg BT 408.57 486.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 436.12 486.60 Td (quarter) Tj ET Q q 0 0 0 rg BT 463.88 486.60 Td (. ) Tj ET Q q 0 0 0 rg BT 469.49 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.37 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 481.01 486.60 Td (e ) Tj ET Q q 0 0 0 rg BT 488.56 486.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 517.76 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.20 486.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.45 474.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.39 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.90 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.79 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.04 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 146.72 474.60 Td (coupled ) Tj ET Q q 0 0 0 rg BT 180.55 474.60 Td (with ) Tj ET Q q 0 0 0 rg BT 200.51 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 207.13 474.60 Td (risked ) Tj ET Q q 0 0 0 rg BT 233.75 474.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 265.37 474.60 Td (program ) Tj ET Q q 0 0 0 rg BT 301.43 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 310.83 474.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 344.67 474.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 371.29 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.91 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 401.80 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.05 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 407.23 474.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 444.94 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.90 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 466.52 474.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 503.12 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 524.74 474.60 Td (industrial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 84.27 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.32 462.60 Td (provide ) Tj ET Q q 0 0 0 rg BT 127.15 462.60 Td (suf) Tj ET Q q 0 0 0 rg BT 139.19 462.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 167.01 462.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 208.17 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.78 462.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 232.67 461.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.92 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 238.20 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 252.13 462.60 Td (us ) Tj ET Q q 0 0 0 rg BT 263.30 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 273.36 462.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 307.29 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 322.90 462.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 352.95 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.66 462.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 406.93 462.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 429.20 462.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 464.24 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 474.30 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.79 462.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 509.40 462.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 534.46 462.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 565.00 462.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.30 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 450.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 103.85 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 117.98 450.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 149.33 450.60 Td (that ) Tj ET Q q 0 0 0 rg BT 166.80 450.60 Td (once ) Tj ET Q q 0 0 0 rg BT 188.15 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 195.06 450.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.96 449.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.20 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.68 450.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 238.26 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 248.52 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 255.43 450.60 Td (field ) Tj ET Q q 0 0 0 rg BT 276.23 450.60 Td (reaches ) Tj ET Q q 0 0 0 rg BT 308.68 450.60 Td (its ) Tj ET Q q 0 0 0 rg BT 320.60 450.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 365.84 450.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 407.19 450.60 Td (limit, ) Tj ET Q q 0 0 0 rg BT 431.05 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 445.19 450.60 Td (could ) Tj ET Q q 0 0 0 rg BT 469.88 450.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 501.22 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.13 450.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 539.49 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 450.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.14 438.60 Td (that ) Tj ET Q q 0 0 0 rg BT 86.64 438.60 Td (remains ) Tj ET Q q 0 0 0 rg BT 120.79 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 131.07 438.60 Td (that ) Tj ET Q q 0 0 0 rg BT 148.56 438.60 Td (field) Tj ET Q q 0 0 0 rg BT 169.67 438.60 Td (s ) Tj ET Q q 0 0 0 rg BT 176.06 438.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 214.10 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.04 438.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 258.53 438.60 Td (it ) Tj ET Q q 0 0 0 rg BT 266.58 438.60 Td (for ) Tj ET Q q 0 0 0 rg BT 280.74 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.80 438.60 Td (production ) Tj ET Q q 0 0 0 rg BT 339.62 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 349.90 438.60 Td (another ) Tj ET Q q 0 0 0 rg BT 382.39 438.60 Td (field) Tj ET Q q 0 0 0 rg BT 403.49 438.60 Td (s ) Tj ET Q q 0 0 0 rg BT 409.88 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 441.26 438.60 Td (flood.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (In ) Tj ET Q q 0 0 0 rg BT 79.41 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.20 414.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 117.11 414.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 143.47 414.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 175.09 414.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 236.43 414.60 Td (85% ) Tj ET Q q 0 0 0 rg BT 258.34 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.25 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 287.15 414.60 Td (average ) Tj ET Q q 0 0 0 rg BT 321.82 414.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.39 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.28 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.53 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.11 414.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 406.89 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 429.91 414.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 465.15 414.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 493.17 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 505.07 414.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 543.08 414.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 90.52 402.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 123.75 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.77 402.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.77 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 158.02 402.60 Td (was ) Tj ET Q q 0 0 0 rg BT 176.81 402.60 Td (used ) Tj ET Q q 0 0 0 rg BT 198.39 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 209.41 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.98 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 258.10 402.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 296.32 402.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 343.72 402.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 386.38 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.40 402.60 Td (88% ) Tj ET Q q 0 0 0 rg BT 418.98 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 402.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 453.24 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.93 402.60 Td (91% ) Tj ET Q q 0 0 0 rg BT 492.50 402.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.52 402.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.52 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 529.27 402.60 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 402.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 81.92 390.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 121.01 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 130.68 390.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 175.33 390.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 214.99 390.60 Td (users. ) Tj ET Q q 0 0 0 rg BT 239.93 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.82 390.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.04 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.04 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 296.43 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 309.98 390.60 Td (used ) Tj ET Q q 0 0 0 rg BT 330.20 390.60 Td (an ) Tj ET Q q 0 0 0 rg BT 341.52 390.60 Td (average ) Tj ET Q q 0 0 0 rg BT 374.50 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.72 390.60 Td (462 ) Tj ET Q q 0 0 0 rg BT 401.60 390.60 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 436.82 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.04 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 460.93 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.18 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.07 390.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 509.06 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 522.96 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.21 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.09 390.60 Td (captured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 378.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 111.71 378.60 Td (sources\) ) Tj ET Q q 0 0 0 rg BT 147.53 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 161.69 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 177.52 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 208.89 378.60 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 90.02 354.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 117.53 354.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 132.53 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.78 354.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 138.85 354.60 Td (Captur) Tj ET Q q 0 0 0 rg BT 169.78 354.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 182.85 354.60 Td (fr) Tj ET Q q 0 0 0 rg BT 190.44 354.60 Td (om ) Tj ET Q q 0 0 0 rg BT 206.84 354.60 Td (Industrial) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 249.63 354.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 252.70 354.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 273.08 354.60 Td (ces.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.35 354.60 Td (In ) Tj ET Q q 0 0 0 rg BT 304.75 354.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 340.59 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.44 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 367.83 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 398.67 354.60 Td (source ) Tj ET Q q 0 0 0 rg BT 427.83 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.23 354.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.13 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.37 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 461.94 354.60 Td (we ) Tj ET Q q 0 0 0 rg BT 476.67 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 491.95 354.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 531.11 354.60 Td (party ) Tj ET Q q 0 0 0 rg BT 554.73 354.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (three ) Tj ET Q q 0 0 0 rg BT 71.22 342.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 112.39 342.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 150.21 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 159.72 342.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 197.00 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.89 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.14 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 215.87 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 237.04 342.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 276.55 342.60 Td (plants.) Tj ET Q q 0 0 0 rg BT 307.75 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 316.39 342.60 Td (e ) Tj ET Q q 0 0 0 rg BT 322.56 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 343.17 342.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 385.44 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 399.34 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.59 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.32 342.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.49 342.60 Td (an ) Tj ET Q q 0 0 0 rg BT 436.66 342.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 476.17 342.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 506.22 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 515.74 342.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 533.76 342.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 560.02 342.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 330.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 74.36 330.60 Td (since ) Tj ET Q q 0 0 0 rg BT 96.60 330.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 118.28 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 134.41 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 155.53 330.60 Td (an ) Tj ET Q q 0 0 0 rg BT 166.66 330.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 206.12 330.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 236.12 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 245.59 330.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 279.06 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 283.25 330.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 324.37 330.60 Td (since ) Tj ET Q q 0 0 0 rg BT 346.60 330.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 370.79 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 396.91 330.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 434.69 330.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 463.05 330.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 522.49 330.60 Td (55 ) Tj ET Q q 0 0 0 rg BT 534.18 330.60 Td (MMcf/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (d ) Tj ET Q q 0 0 0 rg BT 56.67 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 67.16 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.05 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.30 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 86.47 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.41 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.91 318.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 134.07 318.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 183.05 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 191.69 318.60 Td (e ) Tj ET Q q 0 0 0 rg BT 198.29 318.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 236.55 318.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 264.81 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.75 318.60 Td (begin ) Tj ET Q q 0 0 0 rg BT 299.13 318.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 345.18 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 359.07 317.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.73 318.60 Td (from ) Tj ET Q q 0 0 0 rg BT 385.33 318.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 433.07 318.60 Td (Power) Tj ET Q q 0 0 0 rg BT 458.99 318.60 Td () Tj ET Q q 0 0 0 rg BT 461.77 318.60 Td (s ) Tj ET Q q 0 0 0 rg BT 467.82 318.60 Td (Kemper ) Tj ET Q q 0 0 0 rg BT 502.20 318.60 Td (County ) Tj ET Q q 0 0 0 rg BT 533.81 318.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 552.51 318.60 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 81.95 306.60 Td (during ) Tj ET Q q 0 0 0 rg BT 109.96 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.08 306.60 Td (first ) Tj ET Q q 0 0 0 rg BT 142.08 306.60 Td (half ) Tj ET Q q 0 0 0 rg BT 159.53 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 169.76 306.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 194.16 306.60 Td (which ) Tj ET Q q 0 0 0 rg BT 220.50 306.60 Td (could ) Tj ET Q q 0 0 0 rg BT 244.61 306.60 Td (more ) Tj ET Q q 0 0 0 rg BT 267.06 306.60 Td (than ) Tj ET Q q 0 0 0 rg BT 286.17 306.60 Td (double ) Tj ET Q q 0 0 0 rg BT 315.29 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 329.41 306.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 361.30 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 371.53 306.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 385.42 305.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.67 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 390.57 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 404.13 306.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 442.12 306.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 469.01 306.60 Td (from ) Tj ET Q q 0 0 0 rg BT 490.35 306.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 530.02 306.60 Td (sources. ) Tj ET Q q 0 0 0 rg BT 565.02 306.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 99.40 294.60 Td (, ) Tj ET Q q 0 0 0 rg BT 104.62 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 119.00 294.60 Td (are ) Tj ET Q q 0 0 0 rg BT 133.92 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.41 294.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 179.91 294.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 228.19 294.60 Td (with ) Tj ET Q q 0 0 0 rg BT 248.68 294.60 Td (other ) Tj ET Q q 0 0 0 rg BT 271.94 294.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 301.31 294.60 Td (who ) Tj ET Q q 0 0 0 rg BT 321.25 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 342.85 294.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 366.67 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 377.17 294.60 Td (construct ) Tj ET Q q 0 0 0 rg BT 416.54 294.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 443.14 294.60 Td (near ) Tj ET Q q 0 0 0 rg BT 463.06 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.00 294.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 505.14 294.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 543.13 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 545.85 294.60 Td (One ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 282.60 Td (these ) Tj ET Q q 0 0 0 rg BT 83.04 282.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 117.02 282.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 152.68 282.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 204.44 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 215.10 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 221.87 282.60 Td (methanol ) Tj ET Q q 0 0 0 rg BT 261.42 282.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 283.74 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.85 282.60 Td (Lake ) Tj ET Q q 0 0 0 rg BT 316.17 282.60 Td (Charles, ) Tj ET Q q 0 0 0 rg BT 351.54 282.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 395.81 282.60 Td (which ) Tj ET Q q 0 0 0 rg BT 422.58 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 431.58 282.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 470.00 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 480.11 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.66 282.60 Td (project ) Tj ET Q q 0 0 0 rg BT 524.75 282.60 Td (financing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (stage ) Tj ET Q q 0 0 0 rg BT 72.57 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 83.42 270.60 Td (development. ) Tj ET Q q 0 0 0 rg BT 140.09 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 142.61 270.60 Td (If ) Tj ET Q q 0 0 0 rg BT 151.79 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 166.53 270.60 Td (project ) Tj ET Q q 0 0 0 rg BT 196.81 270.60 Td (is ) Tj ET Q q 0 0 0 rg BT 206.01 270.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 257.40 270.60 Td (financed ) Tj ET Q q 0 0 0 rg BT 294.35 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.65 270.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 329.67 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 343.85 270.60 Td (would ) Tj ET Q q 0 0 0 rg BT 371.37 270.60 Td (not ) Tj ET Q q 0 0 0 rg BT 386.67 270.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 415.29 270.60 Td (first ) Tj ET Q q 0 0 0 rg BT 433.91 270.60 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 475.31 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.16 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 500.05 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.30 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.82 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 527.78 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.52 270.60 Td (plant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (until ) Tj ET Q q 0 0 0 rg BT 70.33 258.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 92.83 258.60 Td (at ) Tj ET Q q 0 0 0 rg BT 102.55 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 117.27 258.60 Td (earliest.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.06 234.60 Td (October ) Tj ET Q q 0 0 0 rg BT 112.50 234.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 137.23 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.68 234.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 213.33 234.60 Td (Protection ) Tj ET Q q 0 0 0 rg BT 256.18 234.60 Td (Agency ) Tj ET Q q 0 0 0 rg BT 289.51 234.60 Td (\(EP) Tj ET Q q 0 0 0 rg BT 308.03 234.60 Td (A\) ) Tj ET Q q 0 0 0 rg BT 325.25 234.60 Td (finalized ) Tj ET Q q 0 0 0 rg BT 362.46 234.60 Td (a ) Tj ET Q q 0 0 0 rg BT 369.13 234.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 386.90 234.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 394.13 234.60 Td (Carbon ) Tj ET Q q 0 0 0 rg BT 426.93 234.60 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 466.38 234.60 Td (Emission ) Tj ET Q q 0 0 0 rg BT 505.28 234.60 Td (Guidelines ) Tj ET Q q 0 0 0 rg BT 550.83 234.60 Td (for ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (Existing ) Tj ET Q q 0 0 0 rg BT 84.80 222.60 Td (Stationary ) Tj ET Q q 0 0 0 rg BT 128.99 222.60 Td (Sour) Tj ET Q q 0 0 0 rg BT 147.51 222.60 Td (ces: ) Tj ET Q q 0 0 0 rg BT 166.14 222.60 Td (Electric ) Tj ET Q q 0 0 0 rg BT 200.31 222.60 Td (Utility ) Tj ET Q q 0 0 0 rg BT 228.39 222.60 Td (Generating ) Tj ET Q q 0 0 0 rg BT 276.46 222.60 Td (Units ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.66 222.60 Td (\(also ) Tj ET Q q 0 0 0 rg BT 322.62 222.60 Td (known ) Tj ET Q q 0 0 0 rg BT 352.37 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 363.23 222.60 Td (commonly ) Tj ET Q q 0 0 0 rg BT 408.52 222.60 Td (referred ) Tj ET Q q 0 0 0 rg BT 442.69 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 452.99 222.60 Td (as ) Tj ET Q q 0 0 0 rg BT 463.85 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 478.59 222.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 508.88 222.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 536.96 222.60 Td (Plan\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 57.01 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 74.52 210.60 Td (would ) Tj ET Q q 0 0 0 rg BT 102.03 210.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 133.43 210.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 158.73 210.60 Td (on ) Tj ET Q q 0 0 0 rg BT 171.24 210.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 219.29 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 235.13 210.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 277.09 210.60 Td (from ) Tj ET Q q 0 0 0 rg BT 299.04 210.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.21 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 335.16 210.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 369.34 210.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 389.64 210.60 Td (electric ) Tj ET Q q 0 0 0 rg BT 421.57 210.60 Td (generation ) Tj ET Q q 0 0 0 rg BT 466.28 210.60 Td (units. ) Tj ET Q q 0 0 0 rg BT 493.06 210.60 Td (The ) Tj ET Q q 0 0 0 rg BT 511.12 210.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 536.96 210.60 Td (Power ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 70.08 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 80.66 198.60 Td (its ) Tj ET Q q 0 0 0 rg BT 92.90 198.60 Td (current ) Tj ET Q q 0 0 0 rg BT 124.02 198.60 Td (form ) Tj ET Q q 0 0 0 rg BT 146.26 198.60 Td (contains ) Tj ET Q q 0 0 0 rg BT 182.38 198.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 237.38 198.60 Td (which ) Tj ET Q q 0 0 0 rg BT 264.62 198.60 Td (would ) Tj ET Q q 0 0 0 rg BT 292.42 198.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 317.99 198.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 348.00 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 364.13 198.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 392.48 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 403.06 198.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 441.40 198.60 Td (power ) Tj ET Q q 0 0 0 rg BT 469.19 198.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 491.98 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 505.87 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.12 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 511.92 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.38 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 542.51 198.60 Td (EOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 94.34 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 116.95 186.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 165.71 186.60 Td (Power) Tj ET Q q 0 0 0 rg BT 191.63 186.60 Td () Tj ET Q q 0 0 0 rg BT 194.41 186.60 Td (s ) Tj ET Q q 0 0 0 rg BT 201.48 186.60 Td (Kemper ) Tj ET Q q 0 0 0 rg BT 236.87 186.60 Td (County ) Tj ET Q q 0 0 0 rg BT 269.49 186.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 288.19 186.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 301.37 186.60 Td (Facility) Tj ET Q q 0 0 0 rg BT 331.27 186.60 Td (. ) Tj ET Q q 0 0 0 rg BT 336.95 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 339.90 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 358.63 186.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 385.14 186.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 413.87 186.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 434.83 186.60 Td (has ) Tj ET Q q 0 0 0 rg BT 451.34 186.60 Td (been ) Tj ET Q q 0 0 0 rg BT 473.39 186.60 Td (challenged ) Tj ET Q q 0 0 0 rg BT 519.88 186.60 Td (by ) Tj ET Q q 0 0 0 rg BT 533.06 186.60 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 77.35 174.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 100.47 174.60 Td (associations, ) Tj ET Q q 0 0 0 rg BT 154.43 174.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 200.33 174.60 Td (\(including ) Tj ET Q q 0 0 0 rg BT 244.56 174.60 Td (Denbury\) ) Tj ET Q q 0 0 0 rg BT 286.02 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.59 174.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 364.48 174.60 Td (groups. ) Tj ET Q q 0 0 0 rg BT 399.84 174.60 Td (On ) Tj ET Q q 0 0 0 rg BT 415.19 174.60 Td (February ) Tj ET Q q 0 0 0 rg BT 454.43 174.60 Td (9, ) Tj ET Q q 0 0 0 rg BT 465.06 174.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 490.69 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.04 174.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 526.96 174.60 Td (Supreme ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 74.52 162.60 Td (stayed ) Tj ET Q q 0 0 0 rg BT 102.31 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 116.76 162.60 Td (implementation ) Tj ET Q q 0 0 0 rg BT 181.77 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 192.34 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.79 162.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 232.36 162.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 260.15 162.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 280.17 162.60 Td (pending ) Tj ET Q q 0 0 0 rg BT 314.63 162.60 Td (resolution ) Tj ET Q q 0 0 0 rg BT 356.86 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.43 162.60 Td (various ) Tj ET Q q 0 0 0 rg BT 399.11 162.60 Td (challenges ) Tj ET Q q 0 0 0 rg BT 443.55 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.57 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 468.03 162.60 Td (rule. ) Tj ET Q q 0 0 0 rg BT 488.32 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 490.56 162.60 Td (On ) Tj ET Q q 0 0 0 rg BT 505.02 162.60 Td (September ) Tj ET Q q 0 0 0 rg BT 550.02 162.60 Td (27, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.35 150.60 Td (an ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 86.13 150.60 Td (en ) Tj ET Q q 0 0 0 rg BT 97.92 150.60 Td (banc) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.36 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 119.71 150.60 Td (panel ) Tj ET Q q 0 0 0 rg BT 143.71 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.39 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.95 150.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 189.08 150.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 214.21 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.37 150.60 Td (Appeals ) Tj ET Q q 0 0 0 rg BT 259.48 150.60 Td (for ) Tj ET Q q 0 0 0 rg BT 273.49 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.06 150.60 Td (District ) Tj ET Q q 0 0 0 rg BT 320.40 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 331.08 150.60 Td (Columbia ) Tj ET Q q 0 0 0 rg BT 372.87 150.60 Td (Circuit ) Tj ET Q q 0 0 0 rg BT 402.99 150.60 Td (heard ) Tj ET Q q 0 0 0 rg BT 427.54 150.60 Td (oral ) Tj ET Q q 0 0 0 rg BT 445.44 150.60 Td (ar) Tj ET Q q 0 0 0 rg BT 453.03 150.60 Td (gument ) Tj ET Q q 0 0 0 rg BT 485.37 150.60 Td (on ) Tj ET Q q 0 0 0 rg BT 497.72 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 512.28 150.60 Td (merits ) Tj ET Q q 0 0 0 rg BT 539.62 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 150.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (various ) Tj ET Q q 0 0 0 rg BT 81.48 138.60 Td (challenges ) Tj ET Q q 0 0 0 rg BT 126.22 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 136.54 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.29 138.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 177.16 138.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 205.25 138.60 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 228.06 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.04 138.60 Td (A) Tj ET Q q 0 0 0 rg BT 236.71 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.25 138.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 275.12 138.60 Td (could ) Tj ET Q q 0 0 0 rg BT 299.87 138.60 Td (be ) Tj ET Q q 0 0 0 rg BT 311.85 138.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 339.39 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 349.14 138.60 Td (any ) Tj ET Q q 0 0 0 rg BT 366.12 138.60 Td (time. ) Tj ET Q q 0 0 0 rg BT 388.93 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 391.47 138.60 Td (In ) Tj ET Q q 0 0 0 rg BT 402.34 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 417.10 138.60 Td (meantime, ) Tj ET Q q 0 0 0 rg BT 461.57 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.32 138.60 Td (Supreme ) Tj ET Q q 0 0 0 rg BT 514.41 138.60 Td (Court) Tj ET Q q 0 0 0 rg BT 539.96 138.60 Td (s ) Tj ET Q q 0 0 0 rg BT 546.40 138.60 Td (stay ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.54 126.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 92.33 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 101.25 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.27 126.60 Td (place ) Tj ET Q q 0 0 0 rg BT 134.61 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 151.30 126.60 Td (is ) Tj ET Q q 0 0 0 rg BT 160.21 126.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 197.99 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.02 126.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 238.03 126.60 Td (so ) Tj ET Q q 0 0 0 rg BT 249.16 126.60 Td (until ) Tj ET Q q 0 0 0 rg BT 269.74 126.60 Td (it ) Tj ET Q q 0 0 0 rg BT 277.55 126.60 Td (grants ) Tj ET Q q 0 0 0 rg BT 304.23 126.60 Td (certiorari ) Tj ET Q q 0 0 0 rg BT 343.12 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.80 126.60 Td (issues ) Tj ET Q q 0 0 0 rg BT 385.94 126.60 Td (its ) Tj ET Q q 0 0 0 rg BT 397.63 126.60 Td (own ) Tj ET Q q 0 0 0 rg BT 417.10 126.60 Td (decision ) Tj ET Q q 0 0 0 rg BT 452.67 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 464.92 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.38 126.60 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 501.91 126.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 537.49 126.60 Td (as ) Tj ET Q q 0 0 0 rg BT 548.07 126.60 Td (late ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.44 114.60 Td (summer ) Tj ET Q q 0 0 0 rg BT 95.27 114.60 Td (2018. ) Tj ET Q q 0 0 0 rg BT 120.38 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.41 114.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 172.31 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 177.42 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.06 114.60 Td (T) Tj ET Q q 0 0 0 rg BT 197.82 114.60 Td (rump ) Tj ET Q q 0 0 0 rg BT 221.54 114.60 Td (administration ) Tj ET Q q 0 0 0 rg BT 281.91 114.60 Td (has ) Tj ET Q q 0 0 0 rg BT 297.85 114.60 Td (announced ) Tj ET Q q 0 0 0 rg BT 343.78 114.60 Td (its ) Tj ET Q q 0 0 0 rg BT 355.84 114.60 Td (intention ) Tj ET Q q 0 0 0 rg BT 394.00 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 404.39 114.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 430.87 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 441.81 114.60 Td (rescind ) Tj ET Q q 0 0 0 rg BT 473.30 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 488.13 114.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 514.06 114.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 542.22 114.60 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 565.00 114.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Given ) Tj ET Q q 0 0 0 rg BT 76.50 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.28 102.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 117.16 102.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 145.28 102.60 Td (Plan) Tj ET Q q 0 0 0 rg BT 165.83 102.60 Td (s ) Tj ET Q q 0 0 0 rg BT 172.29 102.60 Td (status ) Tj ET Q q 0 0 0 rg BT 197.63 102.60 Td (as ) Tj ET Q q 0 0 0 rg BT 208.52 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.52 102.60 Td (final ) Tj ET Q q 0 0 0 rg BT 240.84 102.60 Td (rule, ) Tj ET Q q 0 0 0 rg BT 265.89 102.60 Td (any ) Tj ET Q q 0 0 0 rg BT 282.89 102.60 Td (change ) Tj ET Q q 0 0 0 rg BT 313.76 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 324.65 102.60 Td (revocation ) Tj ET Q q 0 0 0 rg BT 369.42 102.60 Td (would ) Tj ET Q q 0 0 0 rg BT 396.98 102.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 422.31 102.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 454.87 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 461.87 102.60 Td (new ) Tj ET Q q 0 0 0 rg BT 481.09 102.60 Td (rule-making ) Tj ET Q q 0 0 0 rg BT 532.52 102.60 Td (process ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.39 90.60 Td (Congressional ) Tj ET Q q 0 0 0 rg BT 120.16 90.60 Td (action, ) Tj ET Q q 0 0 0 rg BT 149.65 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.43 90.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 193.10 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.09 90.60 Td (details ) Tj ET Q q 0 0 0 rg BT 238.76 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.64 90.60 Td (which ) Tj ET Q q 0 0 0 rg BT 276.64 90.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 305.85 90.60 Td (be ) Tj ET Q q 0 0 0 rg BT 317.85 90.60 Td (predicted. ) Tj ET Q q 0 0 0 rg BT 360.11 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.10 90.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 402.44 90.60 Td (we ) Tj ET Q q 0 0 0 rg BT 416.66 90.60 Td (do ) Tj ET Q q 0 0 0 rg BT 429.21 90.60 Td (not ) Tj ET Q q 0 0 0 rg BT 444.55 90.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 475.98 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.75 90.60 Td (Clean ) Tj ET Q q 0 0 0 rg BT 516.64 90.60 Td (Power ) Tj ET Q q 0 0 0 rg BT 544.75 90.60 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (will ) Tj ET Q q 0 0 0 rg BT 67.59 78.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 97.34 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 113.21 78.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 141.29 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 151.61 78.60 Td (take ) Tj ET Q q 0 0 0 rg BT 170.80 78.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 184.69 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.94 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.47 78.60 Td (from ) Tj ET Q q 0 0 0 rg BT 212.45 78.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 260.56 78.60 Td (Power) Tj ET Q q 0 0 0 rg BT 286.48 78.60 Td () Tj ET Q q 0 0 0 rg BT 289.26 78.60 Td (s ) Tj ET Q q 0 0 0 rg BT 295.68 78.60 Td (Kemper ) Tj ET Q q 0 0 0 rg BT 330.43 78.60 Td (County ) Tj ET Q q 0 0 0 rg BT 362.41 78.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 381.11 78.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 393.64 78.60 Td (Facility ) Tj ET Q q 0 0 0 rg BT 426.73 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.04 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.80 78.60 Td (near ) Tj ET Q q 0 0 0 rg BT 471.54 78.60 Td (term, ) Tj ET Q q 0 0 0 rg BT 494.90 78.60 Td (it ) Tj ET Q q 0 0 0 rg BT 502.99 78.60 Td (could ) Tj ET Q q 0 0 0 rg BT 527.74 78.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 549.17 78.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 77.55 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 87.83 66.60 Td (take ) Tj ET Q q 0 0 0 rg BT 106.99 66.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.88 65.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.13 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 126.63 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 136.90 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.62 66.60 Td (future ) Tj ET Q q 0 0 0 rg BT 178.00 66.60 Td (if ) Tj ET Q q 0 0 0 rg BT 186.61 66.60 Td (upheld ) Tj ET Q q 0 0 0 rg BT 216.32 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.26 66.60 Td (maintained ) Tj ET Q q 0 0 0 rg BT 280.19 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 290.47 66.60 Td (ef) Tj ET Q q 0 0 0 rg BT 298.06 66.60 Td (fect.) Tj ET Q endstream endobj 29 0 obj <> endobj 30 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (In ) Tj ET Q q 0 0 0 rg BT 78.57 714.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 114.08 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 124.60 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.56 714.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 177.29 714.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.18 713.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.43 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 197.17 714.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 229.91 714.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 270.98 714.60 Td (above, ) Tj ET Q q 0 0 0 rg BT 300.09 714.60 Td (we ) Tj ET Q q 0 0 0 rg BT 314.49 714.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 351.67 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.19 714.60 Td (have ) Tj ET Q q 0 0 0 rg BT 383.81 714.60 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 419.32 714.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 467.63 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 488.15 714.60 Td (owners ) Tj ET Q q 0 0 0 rg BT 519.77 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.84 714.60 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 75.84 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 86.62 702.60 Td (various ) Tj ET Q q 0 0 0 rg BT 118.51 702.60 Td (types ) Tj ET Q q 0 0 0 rg BT 142.06 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 159.51 702.60 Td (emit ) Tj ET Q q 0 0 0 rg BT 179.73 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 193.63 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.87 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 199.32 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 216.77 702.60 Td (we ) Tj ET Q q 0 0 0 rg BT 230.88 702.60 Td (may ) Tj ET Q q 0 0 0 rg BT 250.55 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 262.44 702.60 Td (able ) Tj ET Q q 0 0 0 rg BT 281.54 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.77 702.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 329.76 702.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 357.75 702.60 Td (transport. ) Tj ET Q q 0 0 0 rg BT 398.25 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 400.70 702.60 Td (In ) Tj ET Q q 0 0 0 rg BT 411.48 702.60 Td (order ) Tj ET Q q 0 0 0 rg BT 435.03 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.26 702.60 Td (capture ) Tj ET Q q 0 0 0 rg BT 477.13 702.60 Td (such ) Tj ET Q q 0 0 0 rg BT 497.91 702.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 536.75 702.60 Td (we ) Tj ET Q q 0 0 0 rg BT 550.86 702.60 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.82 690.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 89.91 690.60 Td (owner\) ) Tj ET Q q 0 0 0 rg BT 122.33 690.60 Td (would ) Tj ET Q q 0 0 0 rg BT 151.43 690.60 Td (need ) Tj ET Q q 0 0 0 rg BT 174.41 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.29 690.60 Td (install ) Tj ET Q q 0 0 0 rg BT 214.83 690.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 258.93 690.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 307.74 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 336.28 690.60 Td (includes, ) Tj ET Q q 0 0 0 rg BT 376.20 690.60 Td (at ) Tj ET Q q 0 0 0 rg BT 387.52 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 396.06 690.60 Td (minimum, ) Tj ET Q q 0 0 0 rg BT 441.55 690.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 496.20 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 690.60 Td (dehydration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (facilities.Most ) Tj ET Q q 0 0 0 rg BT 114.16 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 124.66 678.60 Td (these ) Tj ET Q q 0 0 0 rg BT 147.38 678.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 181.21 678.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 207.27 678.60 Td (emit ) Tj ET Q q 0 0 0 rg BT 227.21 678.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 267.14 678.60 Td (small ) Tj ET Q q 0 0 0 rg BT 290.97 678.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 327.03 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.53 678.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 351.42 677.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.67 678.60 Td (, ) Tj ET Q q 0 0 0 rg BT 359.34 678.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 398.71 678.60 Td (less ) Tj ET Q q 0 0 0 rg BT 415.88 678.60 Td (than ) Tj ET Q q 0 0 0 rg BT 435.27 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 450.76 678.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 494.57 678.60 Td (sources, ) Tj ET Q q 0 0 0 rg BT 529.23 678.60 Td (but ) Tj ET Q q 0 0 0 rg BT 544.18 678.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 85.26 666.60 Td (may ) Tj ET Q q 0 0 0 rg BT 104.35 666.60 Td (still ) Tj ET Q q 0 0 0 rg BT 121.23 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 132.54 666.60 Td (attractive ) Tj ET Q q 0 0 0 rg BT 171.61 666.60 Td (if ) Tj ET Q q 0 0 0 rg BT 179.60 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 193.69 666.60 Td (source ) Tj ET Q q 0 0 0 rg BT 221.66 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 230.20 666.60 Td (located ) Tj ET Q q 0 0 0 rg BT 260.95 666.60 Td (near ) Tj ET Q q 0 0 0 rg BT 280.03 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 293.92 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.17 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 299.05 666.60 Td (pipelines.) Tj ET Q q 0 0 0 rg BT 342.47 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 359.89 666.60 Td (capture ) Tj ET Q q 0 0 0 rg BT 391.19 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 401.39 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 415.28 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.53 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 420.41 666.60 Td (could ) Tj ET Q q 0 0 0 rg BT 444.50 666.60 Td (also ) Tj ET Q q 0 0 0 rg BT 462.48 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 473.79 666.60 Td (influenced ) Tj ET Q q 0 0 0 rg BT 517.87 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 529.74 666.60 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (legislation ) Tj ET Q q 0 0 0 rg BT 94.15 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 105.47 654.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 149.55 654.60 Td (orders ) Tj ET Q q 0 0 0 rg BT 177.53 654.60 Td (pertaining ) Tj ET Q q 0 0 0 rg BT 221.06 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 231.83 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 245.72 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.97 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.96 654.60 Td (emissions.) Tj ET Q q 0 0 0 rg BT 298.73 654.60 Td (W) Tj ET Q q 0 0 0 rg BT 307.37 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 314.80 654.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 346.66 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 364.64 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 379.29 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 394.49 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 401.92 654.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 427.68 654.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 469.54 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.86 654.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 494.75 653.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.00 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 500.99 654.60 Td (captured ) Tj ET Q q 0 0 0 rg BT 538.40 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 654.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (areas ) Tj ET Q q 0 0 0 rg BT 72.54 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 83.37 642.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 123.63 642.60 Td (because ) Tj ET Q q 0 0 0 rg BT 157.78 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.61 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.32 642.60 Td (scale ) Tj ET Q q 0 0 0 rg BT 205.81 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.64 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 232.47 642.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 263.84 642.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 308.00 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.93 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 340.76 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 354.66 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.91 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 360.41 642.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 395.12 642.60 Td (infrastructure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 88.33 618.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 114.15 618.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 129.15 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.40 618.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.77 618.60 Td (Pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.61 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.98 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 177.26 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 185.90 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 191.71 618.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 227.52 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 241.11 618.60 Td (183-mile ) Tj ET Q q 0 0 0 rg BT 278.59 618.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 304.41 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 318.30 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.55 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 322.93 618.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 356.52 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 372.89 618.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 391.49 618.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.30 618.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 445.34 618.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 471.16 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.31 618.60 Td (near ) Tj ET Q q 0 0 0 rg BT 498.89 618.60 Td (Donaldsonville, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 93.81 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 104.52 606.60 Td (part ) Tj ET Q q 0 0 0 rg BT 122.44 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.15 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 147.75 606.60 Td (2001 ) Tj ET Q q 0 0 0 rg BT 170.13 606.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 216.38 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 227.09 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.80 606.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 276.84 606.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 303.66 606.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 317.55 605.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.80 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 323.17 606.60 Td (source.Since ) Tj ET Q q 0 0 0 rg BT 381.37 606.60 Td (2001, ) Tj ET Q q 0 0 0 rg BT 406.25 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 420.28 606.60 Td (have ) Tj ET Q q 0 0 0 rg BT 441.54 606.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 478.34 606.60 Td (or ) Tj ET Q q 0 0 0 rg BT 489.05 606.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 537.52 606.60 Td (nearly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (750 ) Tj ET Q q 0 0 0 rg BT 67.16 594.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 91.49 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.48 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.37 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.62 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.29 594.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 163.55 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 180.65 594.60 Td (as ) Tj ET Q q 0 0 0 rg BT 191.65 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.64 594.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 261.39 594.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.39 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 286.55 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 300.87 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 322.41 594.60 Td (access ) Tj ET Q q 0 0 0 rg BT 350.61 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 361.05 594.60 Td (nearly ) Tj ET Q q 0 0 0 rg BT 388.70 594.60 Td (950 ) Tj ET Q q 0 0 0 rg BT 406.36 594.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 430.69 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.68 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 455.57 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.82 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 461.49 594.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 502.75 594.60 Td (which ) Tj ET Q q 0 0 0 rg BT 529.85 594.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 553.62 594.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.89 582.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 91.62 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.57 582.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 131.51 582.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 145.40 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 150.83 582.60 Td (throughout ) Tj ET Q q 0 0 0 rg BT 196.89 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.28 582.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 231.79 582.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 256.74 582.60 Td (region.In ) Tj ET Q q 0 0 0 rg BT 300.29 582.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 335.24 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 345.20 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.59 582.60 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 386.21 582.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 400.10 581.17 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.76 582.60 Td (pipeline, ) Tj ET Q q 0 0 0 rg BT 441.65 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 456.04 582.60 Td (major ) Tj ET Q q 0 0 0 rg BT 481.54 582.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 519.82 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.77 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 582.60 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 74.75 570.60 Td (region ) Tj ET Q q 0 0 0 rg BT 102.77 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 117.44 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 132.13 570.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 152.37 570.60 Td (State ) Tj ET Q q 0 0 0 rg BT 174.84 570.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 210.08 570.60 Td (\(90 ) Tj ET Q q 0 0 0 rg BT 225.88 570.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 255.85 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.54 570.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 294.66 570.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 329.91 570.60 Td (\(1) Tj ET Q q 0 0 0 rg BT 337.86 570.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 350.33 570.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 380.30 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 394.99 570.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 421.89 570.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 456.95 570.60 Td (T) Tj ET Q q 0 0 0 rg BT 462.36 570.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 482.60 570.60 Td (\(120 ) Tj ET Q q 0 0 0 rg BT 503.40 570.60 Td (miles\), ) Tj ET Q q 0 0 0 rg BT 533.37 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 570.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 76.43 558.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 111.70 558.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 153.64 558.60 Td (\(200 ) Tj ET Q q 0 0 0 rg BT 174.47 558.60 Td (miles\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (Completion ) Tj ET Q q 0 0 0 rg BT 117.89 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 129.38 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.76 534.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 172.35 534.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 208.29 534.60 Td (allowed ) Tj ET Q q 0 0 0 rg BT 243.11 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.93 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 273.32 534.60 Td (first ) Tj ET Q q 0 0 0 rg BT 292.59 534.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 306.48 533.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.73 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 312.89 534.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 351.05 534.60 Td (into ) Tj ET Q q 0 0 0 rg BT 369.77 534.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 407.93 534.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 434.15 534.60 Td (located ) Tj ET Q q 0 0 0 rg BT 466.19 534.60 Td (near ) Tj ET Q q 0 0 0 rg BT 486.56 534.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 525.89 534.60 Td (T) Tj ET Q q 0 0 0 rg BT 531.30 534.60 Td (exas, ) Tj ET Q q 0 0 0 rg BT 554.73 534.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 73.87 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.18 522.60 Td (gives ) Tj ET Q q 0 0 0 rg BT 113.16 522.60 Td (us ) Tj ET Q q 0 0 0 rg BT 123.92 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.01 522.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 165.43 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.08 522.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 204.71 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.60 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.85 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.72 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.37 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.80 522.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 269.88 522.60 Td (all ) Tj ET Q q 0 0 0 rg BT 281.75 522.60 Td (along ) Tj ET Q q 0 0 0 rg BT 305.84 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 319.92 522.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 340.12 522.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 364.77 522.60 Td (from ) Tj ET Q q 0 0 0 rg BT 386.08 522.60 Td (Baton ) Tj ET Q q 0 0 0 rg BT 411.84 522.60 Td (Rouge, ) Tj ET Q q 0 0 0 rg BT 442.31 522.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 486.12 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 495.35 522.60 Td (Alvin, ) Tj ET Q q 0 0 0 rg BT 522.37 522.60 Td (T) Tj ET Q q 0 0 0 rg BT 527.78 522.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 552.49 522.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.49 510.60 Td (present ) Tj ET Q q 0 0 0 rg BT 96.14 510.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 119.18 510.60 Td (most ) Tj ET Q q 0 0 0 rg BT 141.41 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.51 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 167.50 510.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.39 509.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.64 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.41 510.60 Td (flowing ) Tj ET Q q 0 0 0 rg BT 221.29 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 231.84 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.83 510.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 274.03 510.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 309.58 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 319.02 510.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 359.00 510.60 Td (from ) Tj ET Q q 0 0 0 rg BT 381.21 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 510.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 430.63 510.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 457.84 510.60 Td (area, ) Tj ET Q q 0 0 0 rg BT 479.76 510.60 Td (but ) Tj ET Q q 0 0 0 rg BT 495.31 510.60 Td (also ) Tj ET Q q 0 0 0 rg BT 514.19 510.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 550.29 510.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 68.75 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 82.52 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 96.84 498.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 136.15 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 157.70 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 172.03 498.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 211.92 498.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 248.45 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 258.34 498.60 Td (Port ) Tj ET Q q 0 0 0 rg BT 276.66 498.60 Td (Arthur) Tj ET Q q 0 0 0 rg BT 302.92 498.60 Td (, ) Tj ET Q q 0 0 0 rg BT 307.38 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 312.79 498.60 Td (exas ) Tj ET Q q 0 0 0 rg BT 332.67 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 349.22 498.60 Td (Geismar) Tj ET Q q 0 0 0 rg BT 382.69 498.60 Td (, ) Tj ET Q q 0 0 0 rg BT 387.30 498.60 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 431.35 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 447.90 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 461.67 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 475.99 498.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 514.19 498.60 Td (transporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.98 486.60 Td (third ) Tj ET Q q 0 0 0 rg BT 78.90 486.60 Td (party) Tj ET Q q 0 0 0 rg BT 102.23 486.60 Td (s ) Tj ET Q q 0 0 0 rg BT 109.16 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 123.05 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.30 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 129.34 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 144.04 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 151.51 486.60 Td (fee ) Tj ET Q q 0 0 0 rg BT 166.76 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.58 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 192.83 486.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 215.31 486.60 Td (point ) Tj ET Q q 0 0 0 rg BT 238.90 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 249.16 486.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 287.20 486.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 315.57 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 324.21 486.60 Td (e ) Tj ET Q q 0 0 0 rg BT 331.69 486.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 360.82 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.08 486.60 Td (volume ) Tj ET Q q 0 0 0 rg BT 409.11 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.48 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 434.37 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.62 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.66 486.60 Td (transported ) Tj ET Q q 0 0 0 rg BT 488.68 486.60 Td (through ) Tj ET Q q 0 0 0 rg BT 522.83 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 486.60 Td (Green ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 84.77 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.05 474.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 130.31 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.58 474.60 Td (future ) Tj ET Q q 0 0 0 rg BT 166.96 474.60 Td (years ) Tj ET Q q 0 0 0 rg BT 190.56 474.60 Td (as ) Tj ET Q q 0 0 0 rg BT 201.39 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 215.55 474.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 249.71 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 265.54 474.60 Td (inventory ) Tj ET Q q 0 0 0 rg BT 306.36 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.19 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 331.08 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.33 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 336.83 474.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 359.33 474.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 393.49 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 403.77 474.60 Td (this ) Tj ET Q q 0 0 0 rg BT 420.71 474.60 Td (area.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 450.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 450.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 450.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 450.60 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 450.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 450.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 450.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 450.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 450.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 450.60 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 450.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 450.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 450.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 360.60 450.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.19 450.60 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Matur) Tj ET Q q 0 0 0 rg BT 95.09 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.51 426.60 Td (pr) Tj ET Q q 0 0 0 rg BT 111.33 426.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.70 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.68 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 151.66 426.60 Td (Mature ) Tj ET Q q 0 0 0 rg BT 182.52 426.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 224.48 426.60 Td (include ) Tj ET Q q 0 0 0 rg BT 255.90 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 271.21 426.60 Td (longest-producing ) Tj ET Q q 0 0 0 rg BT 345.95 426.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.92 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 414.34 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 428.52 426.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 467.71 426.60 Td (located ) Tj ET Q q 0 0 0 rg BT 498.56 426.60 Td (along ) Tj ET Q q 0 0 0 rg BT 522.75 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 538.06 426.60 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 413.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.73 414.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 105.03 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 115.89 414.60 Td (southwest ) Tj ET Q q 0 0 0 rg BT 158.98 414.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 207.64 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 225.17 414.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 267.69 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.21 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.63 414.60 Td (Free ) Tj ET Q q 0 0 0 rg BT 322.49 414.60 Td (State ) Tj ET Q q 0 0 0 rg BT 345.57 414.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 381.43 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.29 414.60 Td (east ) Tj ET Q q 0 0 0 rg BT 410.93 414.60 Td (Mississippi.) Tj ET Q q 0 0 0 rg BT 463.82 414.60 Td (This ) Tj ET Q q 0 0 0 rg BT 484.69 414.60 Td (group ) Tj ET Q q 0 0 0 rg BT 511.10 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.52 414.60 Td (properties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 85.76 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 102.02 402.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 128.29 402.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 142.18 401.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.43 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 148.36 402.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 172.12 402.60 Td (Little ) Tj ET Q q 0 0 0 rg BT 196.72 402.60 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 226.03 402.60 Td (as ) Tj ET Q q 0 0 0 rg BT 237.30 402.60 Td (well ) Tj ET Q q 0 0 0 rg BT 257.45 402.60 Td (as ) Tj ET Q q 0 0 0 rg BT 268.71 402.60 Td (several ) Tj ET Q q 0 0 0 rg BT 299.96 402.60 Td (other ) Tj ET Q q 0 0 0 rg BT 323.44 402.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 348.59 402.60 Td (\(Brookhaven, ) Tj ET Q q 0 0 0 rg BT 406.24 402.60 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 449.43 402.60 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 485.41 402.60 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 524.44 402.60 Td (Crossing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 93.21 390.60 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 143.60 390.60 Td (McComb ) Tj ET Q q 0 0 0 rg BT 184.27 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.61 390.60 Td (Soso ) Tj ET Q q 0 0 0 rg BT 223.95 390.60 Td (fields\).) Tj ET Q q 0 0 0 rg BT 256.82 390.60 Td (These ) Tj ET Q q 0 0 0 rg BT 283.59 390.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 308.70 390.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 352.13 390.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.68 390.60 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.01 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.91 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.13 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 415.36 390.60 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.03 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.03 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 458.92 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 472.81 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.06 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 478.96 390.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 501.85 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 548.07 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.04 378.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.37 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 129.15 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 139.26 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.36 378.60 Td (year) Tj ET Q q 0 0 0 rg BT 171.37 378.60 Td (-end ) Tj ET Q q 0 0 0 rg BT 190.92 378.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 220.47 378.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 251.12 378.60 Td (reserves.) Tj ET Q q 0 0 0 rg BT 291.19 378.60 Td (These ) Tj ET Q q 0 0 0 rg BT 316.85 378.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 340.85 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 361.50 378.60 Td (been ) Tj ET Q q 0 0 0 rg BT 382.16 378.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 424.48 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 437.92 378.60 Td (some ) Tj ET Q q 0 0 0 rg BT 460.81 378.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 482.86 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 499.08 378.60 Td (their ) Tj ET Q q 0 0 0 rg BT 519.18 378.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 366.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 98.37 366.60 Td (declining. ) Tj ET Q q 0 0 0 rg BT 140.58 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.08 366.60 Td (Many ) Tj ET Q q 0 0 0 rg BT 168.91 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.74 366.60 Td (these ) Tj ET Q q 0 0 0 rg BT 202.79 366.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 227.51 366.60 Td (contain ) Tj ET Q q 0 0 0 rg BT 259.44 366.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 295.27 366.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 337.20 366.60 Td (that ) Tj ET Q q 0 0 0 rg BT 354.70 366.60 Td (are ) Tj ET Q q 0 0 0 rg BT 369.40 366.60 Td (amenable ) Tj ET Q q 0 0 0 rg BT 410.21 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 420.49 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 434.38 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.63 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 440.13 366.60 Td (EOR.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 93.06 342.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.23 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 120.01 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 122.79 342.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 147.79 342.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 171.13 342.60 Td (is ) Tj ET Q q 0 0 0 rg BT 180.59 342.60 Td (located ) Tj ET Q q 0 0 0 rg BT 212.24 342.60 Td (east ) Tj ET Q q 0 0 0 rg BT 230.57 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.68 342.60 Td (Monroe, ) Tj ET Q q 0 0 0 rg BT 278.63 342.60 Td (Louisiana.In ) Tj ET Q q 0 0 0 rg BT 336.67 342.60 Td (May ) Tj ET Q q 0 0 0 rg BT 357.79 342.60 Td (2006, ) Tj ET Q q 0 0 0 rg BT 383.07 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 397.51 342.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 440.83 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.95 342.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 483.06 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 515.28 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 525.84 342.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 550.84 342.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td ($50 ) Tj ET Q q 0 0 0 rg BT 66.88 330.60 Td (million.) Tj ET Q q 0 0 0 rg BT 103.09 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 111.73 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 118.55 330.60 Td (began ) Tj ET Q q 0 0 0 rg BT 144.81 330.60 Td (well ) Tj ET Q q 0 0 0 rg BT 164.41 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.23 330.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 211.94 330.60 Td (development ) Tj ET Q q 0 0 0 rg BT 265.97 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 276.13 330.60 Td (2008 ) Tj ET Q q 0 0 0 rg BT 298.51 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 330.60 Td (began ) Tj ET Q q 0 0 0 rg BT 341.59 330.60 Td (delivering ) Tj ET Q q 0 0 0 rg BT 384.52 330.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 398.41 329.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.66 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.04 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 414.20 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 428.80 330.60 Td (field ) Tj ET Q q 0 0 0 rg BT 449.51 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 459.67 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.27 330.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 501.09 330.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 531.79 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.51 330.60 Td (2009 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (via ) Tj ET Q q 0 0 0 rg BT 64.22 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 78.93 318.60 Td (Delta ) Tj ET Q q 0 0 0 rg BT 103.09 318.60 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 140.86 318.60 Td (which ) Tj ET Q q 0 0 0 rg BT 167.80 318.60 Td (runs ) Tj ET Q q 0 0 0 rg BT 187.52 318.60 Td (from ) Tj ET Q q 0 0 0 rg BT 209.28 318.60 Td (T) Tj ET Q q 0 0 0 rg BT 215.04 318.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 241.42 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 264.48 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.76 318.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 299.48 318.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (First ) Tj ET Q q 0 0 0 rg BT 87.97 294.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 118.96 294.60 Td (production ) Tj ET Q q 0 0 0 rg BT 164.42 294.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 201.52 294.60 Td (at ) Tj ET Q q 0 0 0 rg BT 210.86 294.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 235.21 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 257.89 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.79 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 282.14 294.60 Td (first ) Tj ET Q q 0 0 0 rg BT 300.37 294.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 330.81 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 341.27 294.60 Td (2010.Production ) Tj ET Q q 0 0 0 rg BT 414.78 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 436.35 294.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 460.69 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 483.37 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 493.28 294.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.62 294.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 534.19 294.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.10 282.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.10 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 82.36 282.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.72 282.60 Td (4,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.22 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.48 282.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 176.37 282.60 Td (up ) Tj ET Q q 0 0 0 rg BT 188.63 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 210.34 282.60 Td (3,898 ) Tj ET Q q 0 0 0 rg BT 235.11 282.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 263.49 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 273.54 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 288.02 282.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 314.73 282.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 345.31 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.91 282.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.91 282.60 Td (. ) Tj ET Q q 0 0 0 rg BT 383.17 282.60 Td (During ) Tj ET Q q 0 0 0 rg BT 413.77 282.60 Td (late ) Tj ET Q q 0 0 0 rg BT 430.47 282.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 455.24 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 469.17 282.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 513.08 282.60 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.80 270.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 98.33 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 114.43 270.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 144.43 270.60 Td (extraction ) Tj ET Q q 0 0 0 rg BT 187.17 270.60 Td (plant, ) Tj ET Q q 0 0 0 rg BT 212.44 270.60 Td (which ) Tj ET Q q 0 0 0 rg BT 239.64 270.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 276.85 270.60 Td (us ) Tj ET Q q 0 0 0 rg BT 288.51 270.60 Td (with ) Tj ET Q q 0 0 0 rg BT 309.05 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.04 270.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 352.36 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 362.90 270.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 379.56 270.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 410.09 270.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 426.19 270.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 456.18 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 478.39 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.37 270.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 533.35 270.60 Td (stream, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (improve ) Tj ET Q q 0 0 0 rg BT 85.76 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.90 258.60 Td (ef) Tj ET Q q 0 0 0 rg BT 108.49 258.60 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 143.63 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.89 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 170.03 258.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.93 257.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.18 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 190.11 258.60 Td (flood, ) Tj ET Q q 0 0 0 rg BT 216.65 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 234.02 258.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 261.94 258.60 Td (extracted ) Tj ET Q q 0 0 0 rg BT 301.51 258.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 338.31 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.02 258.60 Td (power ) Tj ET Q q 0 0 0 rg BT 376.94 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 392.09 258.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 415.02 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 432.39 258.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 461.96 258.60 Td (field ) Tj ET Q q 0 0 0 rg BT 483.22 258.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 523.92 258.60 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 565.01 258.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 67.90 246.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 90.75 246.60 Td (development ) Tj ET Q q 0 0 0 rg BT 145.26 246.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 174.76 246.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 204.83 246.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 241.00 246.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 280.52 246.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 341.13 246.60 Td ($20 ) Tj ET Q q 0 0 0 rg BT 358.98 246.60 Td (million ) Tj ET Q q 0 0 0 rg BT 390.73 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 401.36 246.60 Td (this ) Tj ET Q q 0 0 0 rg BT 418.66 246.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 442.33 246.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 482.40 246.60 Td (related ) Tj ET Q q 0 0 0 rg BT 512.45 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.08 246.60 Td (continued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (phase ) Tj ET Q q 0 0 0 rg BT 74.77 234.60 Td (development ) Tj ET Q q 0 0 0 rg BT 128.92 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 145.86 234.60 Td (infill ) Tj ET Q q 0 0 0 rg BT 167.80 234.60 Td (drilling.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 210.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 107.15 210.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.31 210.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 173.73 210.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 196.71 210.60 Td (is ) Tj ET Q q 0 0 0 rg BT 205.80 210.60 Td (located ) Tj ET Q q 0 0 0 rg BT 237.09 210.60 Td (south ) Tj ET Q q 0 0 0 rg BT 261.18 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.92 210.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 310.56 210.60 Td (T) Tj ET Q q 0 0 0 rg BT 315.97 210.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 341.06 210.60 Td (W) Tj ET Q q 0 0 0 rg BT 349.70 210.60 Td (e ) Tj ET Q q 0 0 0 rg BT 356.55 210.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 393.39 210.60 Td (a ) Tj ET Q q 0 0 0 rg BT 400.25 210.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 436.55 210.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 468.40 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 478.60 210.60 Td (this ) Tj ET Q q 0 0 0 rg BT 495.47 210.60 Td (field ) Tj ET Q q 0 0 0 rg BT 516.21 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.41 210.60 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 72.15 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 86.47 198.60 Td ($247 ) Tj ET Q q 0 0 0 rg BT 109.12 198.60 Td (million.) Tj ET Q q 0 0 0 rg BT 145.33 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.97 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 161.06 198.60 Td (initiated ) Tj ET Q q 0 0 0 rg BT 196.48 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.38 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.63 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 216.28 198.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 253.92 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.36 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 279.03 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 287.67 198.60 Td (est ) Tj ET Q q 0 0 0 rg BT 301.43 198.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 339.09 198.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 359.52 198.60 Td (during ) Tj ET Q q 0 0 0 rg BT 388.28 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 403.15 198.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 430.25 198.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.21 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 472.20 198.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 494.85 198.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 517.51 198.60 Td (completion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 186.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 126.98 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 137.81 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.53 186.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 179.46 186.60 Td (Pipeline.Due ) Tj ET Q q 0 0 0 rg BT 238.89 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 249.17 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.88 186.60 Td (lar) Tj ET Q q 0 0 0 rg BT 274.25 186.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 286.19 186.60 Td (vertical ) Tj ET Q q 0 0 0 rg BT 318.67 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 331.73 186.60 Td (column ) Tj ET Q q 0 0 0 rg BT 364.22 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 381.72 186.60 Td (exists ) Tj ET Q q 0 0 0 rg BT 407.00 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 417.27 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.99 186.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 455.32 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 469.48 186.60 Td (are ) Tj ET Q q 0 0 0 rg BT 484.18 186.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 531.12 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.83 186.60 Td (Frio ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 87.68 174.60 Td (using ) Tj ET Q q 0 0 0 rg BT 111.99 174.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 152.95 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 166.84 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.09 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.73 174.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 210.36 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.45 174.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 270.64 174.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 294.39 174.60 Td (for ) Tj ET Q q 0 0 0 rg BT 308.69 174.60 Td (each ) Tj ET Q q 0 0 0 rg BT 329.65 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.62 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.48 174.60 Td (major ) Tj ET Q q 0 0 0 rg BT 381.45 174.60 Td (sand ) Tj ET Q q 0 0 0 rg BT 402.42 174.60 Td (intervals. ) Tj ET Q q 0 0 0 rg BT 442.00 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 444.45 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 453.09 174.60 Td (e ) Tj ET Q q 0 0 0 rg BT 460.17 174.60 Td (began ) Tj ET Q q 0 0 0 rg BT 486.69 174.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 529.88 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 543.08 174.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.08 162.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 89.34 162.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 134.25 162.60 Td (at ) Tj ET Q q 0 0 0 rg BT 144.72 162.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 182.97 162.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 206.79 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 217.82 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 233.29 162.60 Td (first ) Tj ET Q q 0 0 0 rg BT 252.65 162.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 284.22 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 295.81 162.60 Td (2012, ) Tj ET Q q 0 0 0 rg BT 321.56 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.25 162.60 Td (we ) Tj ET Q q 0 0 0 rg BT 354.17 162.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 386.86 162.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 413.45 162.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 444.47 162.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 476.59 162.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 512.61 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 527.52 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.76 162.60 Td (W) Tj ET Q q 0 0 0 rg BT 551.40 162.60 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 86.09 150.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 105.46 150.60 Td (in ) Tj ET Q q 0 0 0 rg BT 114.82 150.60 Td (2012.During ) Tj ET Q q 0 0 0 rg BT 172.24 150.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.05 150.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 212.07 150.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.39 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 241.98 150.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.89 150.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 271.89 150.60 Td (, ) Tj ET Q q 0 0 0 rg BT 275.98 150.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 306.44 150.60 Td (production ) Tj ET Q q 0 0 0 rg BT 351.36 150.60 Td (from ) Tj ET Q q 0 0 0 rg BT 372.38 150.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 408.97 150.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 431.12 150.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.79 150.60 Td (4,552) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.29 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 492.88 150.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 523.08 150.60 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.40 138.60 Td (5,082 ) Tj ET Q q 0 0 0 rg BT 84.02 138.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 112.26 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 122.16 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 136.50 138.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 163.06 138.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 193.50 138.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.95 138.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.95 138.60 Td (. ) Tj ET Q q 0 0 0 rg BT 228.57 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.69 138.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 248.36 138.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 270.49 138.60 Td (development ) Tj ET Q q 0 0 0 rg BT 324.26 138.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 353.03 138.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 382.37 138.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 417.82 138.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 456.60 138.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 516.48 138.60 Td ($30 ) Tj ET Q q 0 0 0 rg BT 533.60 138.60 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 126.60 Td (this ) Tj ET Q q 0 0 0 rg BT 76.73 126.60 Td (field ) Tj ET Q q 0 0 0 rg BT 97.55 126.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 137.26 126.60 Td (related ) Tj ET Q q 0 0 0 rg BT 166.97 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 177.24 126.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 219.18 126.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 250.55 126.60 Td (development ) Tj ET Q q 0 0 0 rg BT 304.70 126.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 359.97 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.91 126.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 431.60 126.60 Td (work. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (Heidelberg ) Tj ET Q q 0 0 0 rg BT 117.20 102.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.37 102.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 185.61 102.60 Td (g ) Tj ET Q q 0 0 0 rg BT 193.10 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 216.15 102.60 Td (is ) Tj ET Q q 0 0 0 rg BT 225.31 102.60 Td (located ) Tj ET Q q 0 0 0 rg BT 256.68 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 266.95 102.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 315.01 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 331.94 102.60 Td (consists ) Tj ET Q q 0 0 0 rg BT 366.10 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 376.92 102.60 Td (an ) Tj ET Q q 0 0 0 rg BT 388.85 102.60 Td (East ) Tj ET Q q 0 0 0 rg BT 408.56 102.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 428.83 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.76 102.60 Td (a ) Tj ET Q q 0 0 0 rg BT 452.51 102.60 Td (W) Tj ET Q q 0 0 0 rg BT 461.15 102.60 Td (est ) Tj ET Q q 0 0 0 rg BT 474.75 102.60 Td (Unit.Construction ) Tj ET Q q 0 0 0 rg BT 554.19 102.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.77 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 82.02 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.19 90.60 Td (facility) Tj ET Q q 0 0 0 rg BT 112.86 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 118.53 90.60 Td (connecting ) Tj ET Q q 0 0 0 rg BT 165.57 90.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 200.95 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.55 90.60 Td (well ) Tj ET Q q 0 0 0 rg BT 238.93 90.60 Td (work ) Tj ET Q q 0 0 0 rg BT 262.65 90.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 314.13 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 327.30 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.45 90.60 Td (W) Tj ET Q q 0 0 0 rg BT 351.09 90.60 Td (est ) Tj ET Q q 0 0 0 rg BT 365.36 90.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 404.61 90.60 Td (g ) Tj ET Q q 0 0 0 rg BT 412.77 90.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 433.72 90.60 Td (during ) Tj ET Q q 0 0 0 rg BT 462.99 90.60 Td (2008, ) Tj ET Q q 0 0 0 rg BT 488.66 90.60 Td (with ) Tj ET Q q 0 0 0 rg BT 509.60 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.10 90.60 Td (first ) Tj ET Q q 0 0 0 rg BT 545.37 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.27 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 91.36 78.60 Td (into ) Tj ET Q q 0 0 0 rg BT 109.89 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 125.09 78.60 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 153.61 78.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 175.47 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 186.22 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 201.42 78.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 228.83 78.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 260.13 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 271.43 78.60 Td (2008.Our ) Tj ET Q q 0 0 0 rg BT 317.46 78.60 Td (first ) Tj ET Q q 0 0 0 rg BT 336.55 78.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 368.40 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 381.93 78.60 Td (production ) Tj ET Q q 0 0 0 rg BT 428.24 78.60 Td (occurred ) Tj ET Q q 0 0 0 rg BT 466.19 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 476.94 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 492.14 78.60 Td (second ) Tj ET Q q 0 0 0 rg BT 522.88 78.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.18 78.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (2009, ) Tj ET Q q 0 0 0 rg BT 74.82 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 92.07 66.60 Td (we ) Tj ET Q q 0 0 0 rg BT 106.55 66.60 Td (began ) Tj ET Q q 0 0 0 rg BT 133.25 66.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 169.95 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 184.98 66.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 228.36 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 245.41 66.60 Td (T) Tj ET Q q 0 0 0 rg BT 251.17 66.60 Td (uscaloosa ) Tj ET Q q 0 0 0 rg BT 292.86 66.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 318.45 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 329.04 66.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 351.86 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.12 66.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 394.43 66.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 442.09 66.60 Td (.During ) Tj ET Q q 0 0 0 rg BT 480.74 66.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.78 66.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 523.03 66.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.35 66.60 Td ( ) Tj ET Q q 0 0 0 rg BT 554.16 66.60 Td (of ) Tj ET Q endstream endobj 31 0 obj <> endobj 32 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 74.17 726.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 105.22 726.60 Td (production ) Tj ET Q q 0 0 0 rg BT 150.72 726.60 Td (at ) Tj ET Q q 0 0 0 rg BT 160.11 726.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 199.35 726.60 Td (g ) Tj ET Q q 0 0 0 rg BT 206.53 726.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 229.26 726.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.52 726.60 Td (4,924) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.02 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.19 726.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 322.98 726.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 364.58 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.54 726.60 Td (5,635 ) Tj ET Q q 0 0 0 rg BT 399.21 726.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 427.50 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 437.46 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.85 726.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 478.46 726.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 508.95 726.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.45 726.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.45 726.60 Td (.Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (future ) Tj ET Q q 0 0 0 rg BT 75.91 714.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 99.56 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 113.75 714.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 153.00 714.60 Td (g ) Tj ET Q q 0 0 0 rg BT 160.53 714.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 183.62 714.60 Td (include ) Tj ET Q q 0 0 0 rg BT 215.59 714.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 257.56 714.60 Td (development ) Tj ET Q q 0 0 0 rg BT 311.75 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.61 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.37 714.60 Td (East ) Tj ET Q q 0 0 0 rg BT 357.12 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 373.91 714.60 Td (W) Tj ET Q q 0 0 0 rg BT 382.55 714.60 Td (est ) Tj ET Q q 0 0 0 rg BT 396.19 714.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 435.43 714.60 Td (g ) Tj ET Q q 0 0 0 rg BT 442.97 714.60 Td (Units, ) Tj ET Q q 0 0 0 rg BT 469.68 714.60 Td (including ) Tj ET Q q 0 0 0 rg BT 509.98 714.60 Td (an ) Tj ET Q q 0 0 0 rg BT 521.96 714.60 Td (expansion ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 76.03 702.60 Td (T) Tj ET Q q 0 0 0 rg BT 81.78 702.60 Td (uscaloosa ) Tj ET Q q 0 0 0 rg BT 123.18 702.60 Td (development ) Tj ET Q q 0 0 0 rg BT 177.36 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 194.32 702.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 237.40 702.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 258.80 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 275.77 702.60 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 326.07 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 336.37 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 352.22 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 366.11 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.36 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 371.89 702.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 399.41 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.27 702.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 444.46 702.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 469.75 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.05 702.60 Td (better ) Tj ET Q q 0 0 0 rg BT 505.34 702.60 Td (direct ) Tj ET Q q 0 0 0 rg BT 530.63 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 545.37 702.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 701.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (through ) Tj ET Q q 0 0 0 rg BT 83.68 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 98.97 690.60 Td (zones ) Tj ET Q q 0 0 0 rg BT 124.81 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 142.32 690.60 Td (optimize ) Tj ET Q q 0 0 0 rg BT 180.39 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.02 690.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 232.06 690.60 Td (from ) Tj ET Q q 0 0 0 rg BT 254.58 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.86 690.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 293.76 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 309.05 690.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 344.89 690.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 374.08 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 385.48 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 412.99 690.60 Td (will ) Tj ET Q q 0 0 0 rg BT 431.62 690.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 463.57 690.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 486.65 690.60 Td (future ) Tj ET Q q 0 0 0 rg BT 513.60 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 527.22 690.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 554.17 690.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 81.70 678.60 Td (development ) Tj ET Q q 0 0 0 rg BT 136.67 678.60 Td (plans. ) Tj ET Q q 0 0 0 rg BT 163.59 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.91 678.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 185.78 678.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 209.10 678.60 Td (development ) Tj ET Q q 0 0 0 rg BT 264.07 678.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 294.04 678.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 324.58 678.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 361.22 678.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 401.21 678.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 462.29 678.60 Td ($35 ) Tj ET Q q 0 0 0 rg BT 480.61 678.60 Td (million ) Tj ET Q q 0 0 0 rg BT 512.82 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.91 678.60 Td (this ) Tj ET Q q 0 0 0 rg BT 541.68 678.60 Td (field, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 89.21 666.60 Td (related ) Tj ET Q q 0 0 0 rg BT 118.91 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.19 666.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 176.13 666.60 Td (portions ) Tj ET Q q 0 0 0 rg BT 211.40 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.23 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 236.95 666.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 279.64 666.60 Td (Y) Tj ET Q q 0 0 0 rg BT 285.86 666.60 Td (ellow ) Tj ET Q q 0 0 0 rg BT 310.57 666.60 Td (sand ) Tj ET Q q 0 0 0 rg BT 331.40 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 341.68 666.60 Td (East ) Tj ET Q q 0 0 0 rg BT 361.40 666.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 400.64 666.60 Td (g ) Tj ET Q q 0 0 0 rg BT 408.14 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.08 666.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 479.77 666.60 Td (work. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (Oyster) Tj ET Q q 0 0 0 rg BT 96.20 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.38 642.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 127.80 642.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.96 642.60 Td () Tj ET Q q 0 0 0 rg BT 156.78 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 165.42 642.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.04 642.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 208.65 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 215.27 642.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 251.34 642.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.95 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 292.92 642.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 321.76 642.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 350.05 642.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 372.79 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 382.76 642.60 Td (2007. ) Tj ET Q q 0 0 0 rg BT 407.44 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 409.47 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 427.20 642.60 Td (field ) Tj ET Q q 0 0 0 rg BT 447.71 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 456.56 642.60 Td (located ) Tj ET Q q 0 0 0 rg BT 487.62 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.58 642.60 Td (southeast ) Tj ET Q q 0 0 0 rg BT 536.82 642.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 642.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (east ) Tj ET Q q 0 0 0 rg BT 66.94 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.16 630.60 Td (Galveston ) Tj ET Q q 0 0 0 rg BT 119.60 630.60 Td (Bay) Tj ET Q q 0 0 0 rg BT 135.06 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.45 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 155.78 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 164.34 630.60 Td (somewhat ) Tj ET Q q 0 0 0 rg BT 206.78 630.60 Td (unique ) Tj ET Q q 0 0 0 rg BT 235.89 630.60 Td (when ) Tj ET Q q 0 0 0 rg BT 259.44 630.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 300.76 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 310.43 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.65 630.60 Td (other ) Tj ET Q q 0 0 0 rg BT 348.09 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 361.98 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.23 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.12 630.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 389.02 630.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 422.56 630.60 Td (because ) Tj ET Q q 0 0 0 rg BT 456.10 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.21 630.60 Td (field ) Tj ET Q q 0 0 0 rg BT 490.43 630.60 Td (covers ) Tj ET Q q 0 0 0 rg BT 518.42 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 524.75 630.60 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (small ) Tj ET Q q 0 0 0 rg BT 73.79 618.60 Td (area ) Tj ET Q q 0 0 0 rg BT 93.07 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.03 618.60 Td (3,912 ) Tj ET Q q 0 0 0 rg BT 129.15 618.60 Td (acres. ) Tj ET Q q 0 0 0 rg BT 154.82 618.60 Td () Tj ET Q q 0 0 0 rg BT 157.14 618.60 Td (W) Tj ET Q q 0 0 0 rg BT 165.78 618.60 Td (e ) Tj ET Q q 0 0 0 rg BT 172.84 618.60 Td (began ) Tj ET Q q 0 0 0 rg BT 199.35 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 213.24 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.49 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.12 618.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 260.63 618.60 Td (into ) Tj ET Q q 0 0 0 rg BT 278.81 618.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 308.10 618.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 336.84 618.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 360.02 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 370.43 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 385.28 618.60 Td (second ) Tj ET Q q 0 0 0 rg BT 415.67 618.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 446.62 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.58 618.60 Td (2010, ) Tj ET Q q 0 0 0 rg BT 482.70 618.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 533.64 618.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 94.72 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 104.40 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 118.51 606.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 144.85 606.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 175.06 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 185.29 606.60 Td (201) Tj ET Q q 0 0 0 rg BT 199.92 606.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 206.81 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 228.15 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.26 606.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 260.41 606.60 Td (A-1 ) Tj ET Q q 0 0 0 rg BT 277.86 606.60 Td (zone, ) Tj ET Q q 0 0 0 rg BT 301.13 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 317.47 606.60 Td (booked ) Tj ET Q q 0 0 0 rg BT 348.80 606.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 374.03 606.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 403.70 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 434.46 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 469.12 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 482.68 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.79 606.60 Td (field ) Tj ET Q q 0 0 0 rg BT 517.01 606.60 Td (in ) Tj ET Q q 0 0 0 rg BT 526.69 606.60 Td (2012.In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 74.79 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 89.23 594.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 133.67 594.60 Td (development ) Tj ET Q q 0 0 0 rg BT 188.10 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.22 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.22 594.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 233.06 594.60 Td (A-2 ) Tj ET Q q 0 0 0 rg BT 251.40 594.60 Td (zone. ) Tj ET Q q 0 0 0 rg BT 275.56 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 278.35 594.60 Td (During ) Tj ET Q q 0 0 0 rg BT 309.46 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 324.47 594.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 351.69 594.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 382.79 594.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.91 594.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.91 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 419.19 594.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 450.85 594.60 Td (production ) Tj ET Q q 0 0 0 rg BT 496.96 594.60 Td (at ) Tj ET Q q 0 0 0 rg BT 506.96 594.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 536.41 594.60 Td (Bayou ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 73.18 582.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 112.39 582.60 Td (4,988) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.89 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.02 582.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 169.76 582.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 212.31 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 223.22 582.60 Td (5,831 ) Tj ET Q q 0 0 0 rg BT 248.85 582.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 278.09 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 289.00 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 304.34 582.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 331.90 582.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 363.35 582.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.80 582.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.80 582.60 Td (. ) Tj ET Q q 0 0 0 rg BT 400.43 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 403.56 582.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 450.57 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 473.13 582.60 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 502.92 582.60 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 532.15 582.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 555.84 582.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (believed ) Tj ET Q q 0 0 0 rg BT 85.87 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 96.15 570.60 Td (have ) Tj ET Q q 0 0 0 rg BT 117.53 570.60 Td (peaked ) Tj ET Q q 0 0 0 rg BT 148.34 570.60 Td (during ) Tj ET Q q 0 0 0 rg BT 176.95 570.60 Td (2015.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 546.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 101.30 546.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.46 546.60 Td () Tj ET Q q 0 0 0 rg BT 130.28 546.60 Td (W) Tj ET Q q 0 0 0 rg BT 138.92 546.60 Td (e ) Tj ET Q q 0 0 0 rg BT 146.21 546.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 183.29 546.60 Td (T) Tj ET Q q 0 0 0 rg BT 189.05 546.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 215.79 546.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 239.21 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 249.84 546.60 Td (2006. ) Tj ET Q q 0 0 0 rg BT 275.20 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 277.85 546.60 Td (This ) Tj ET Q q 0 0 0 rg BT 298.49 546.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 346.92 546.60 Td (field ) Tj ET Q q 0 0 0 rg BT 368.10 546.60 Td (was ) Tj ET Q q 0 0 0 rg BT 386.51 546.60 Td (discovered ) Tj ET Q q 0 0 0 rg BT 432.68 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.98 546.60 Td (first ) Tj ET Q q 0 0 0 rg BT 468.94 546.60 Td (developed ) Tj ET Q q 0 0 0 rg BT 512.90 546.60 Td (in ) Tj ET Q q 0 0 0 rg BT 523.53 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.61 546.60 Td (1930s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 76.16 534.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 116.69 534.60 Td (by ) Tj ET Q q 0 0 0 rg BT 129.46 534.60 Td (dif) Tj ET Q q 0 0 0 rg BT 140.39 534.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 166.48 534.60 Td (fault ) Tj ET Q q 0 0 0 rg BT 187.58 534.60 Td (blocks.) Tj ET Q q 0 0 0 rg BT 220.64 534.60 Td (As ) Tj ET Q q 0 0 0 rg BT 234.52 534.60 Td (is ) Tj ET Q q 0 0 0 rg BT 243.97 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 258.96 534.60 Td (case ) Tj ET Q q 0 0 0 rg BT 278.94 534.60 Td (with ) Tj ET Q q 0 0 0 rg BT 299.50 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.49 534.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 351.15 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.25 534.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 387.24 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 397.79 534.60 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 448.44 534.60 Td (T) Tj ET Q q 0 0 0 rg BT 454.20 534.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 480.86 534.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 504.19 534.60 Td (produces ) Tj ET Q q 0 0 0 rg BT 543.06 534.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.76 522.60 Td (reservoirs.Our ) Tj ET Q q 0 0 0 rg BT 151.17 522.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 165.06 521.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 522.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.24 522.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 211.92 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 225.41 522.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 263.31 522.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 307.89 522.60 Td (at ) Tj ET Q q 0 0 0 rg BT 317.83 522.60 Td (T) Tj ET Q q 0 0 0 rg BT 323.58 522.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 350.40 522.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 373.89 522.60 Td (have ) Tj ET Q q 0 0 0 rg BT 395.69 522.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 415.29 522.60 Td (far ) Tj ET Q q 0 0 0 rg BT 429.32 522.60 Td (tar) Tj ET Q q 0 0 0 rg BT 439.68 522.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 464.27 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.20 522.60 Td (W) Tj ET Q q 0 0 0 rg BT 487.84 522.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 514.32 522.60 Td (f ) Tj ET Q q 0 0 0 rg BT 520.58 522.60 Td (formation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (although ) Tj ET Q q 0 0 0 rg BT 86.99 510.60 Td (there ) Tj ET Q q 0 0 0 rg BT 109.48 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 118.65 510.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 161.14 510.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 198.63 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.62 510.60 Td (Perry ) Tj ET Q q 0 0 0 rg BT 247.78 510.60 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.72 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.65 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 329.70 510.60 Td (smaller ) Tj ET Q q 0 0 0 rg BT 361.63 510.60 Td (reservoirs.) Tj ET Q q 0 0 0 rg BT 408.38 510.60 Td (W) Tj ET Q q 0 0 0 rg BT 417.02 510.60 Td (e ) Tj ET Q q 0 0 0 rg BT 423.96 510.60 Td (commenced ) Tj ET Q q 0 0 0 rg BT 474.76 510.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 506.14 510.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.19 510.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 72.03 498.60 Td (T) Tj ET Q q 0 0 0 rg BT 77.78 498.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 105.00 498.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 128.89 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.00 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.54 498.60 Td (second ) Tj ET Q q 0 0 0 rg BT 186.64 498.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 218.29 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.95 498.60 Td (2008 ) Tj ET Q q 0 0 0 rg BT 253.28 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.05 498.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 324.93 498.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 369.91 498.60 Td (development ) Tj ET Q q 0 0 0 rg BT 424.89 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.55 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.86 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 460.49 498.60 Td (oodruf) Tj ET Q q 0 0 0 rg BT 486.97 498.60 Td (f ) Tj ET Q q 0 0 0 rg BT 493.63 498.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 536.40 498.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (2014.During ) Tj ET Q q 0 0 0 rg BT 107.44 486.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.76 486.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 148.31 486.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.63 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 178.73 486.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.17 486.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.17 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 213.78 486.60 Td (average ) Tj ET Q q 0 0 0 rg BT 246.97 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 277.95 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 290.62 486.60 Td (production ) Tj ET Q q 0 0 0 rg BT 336.05 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 357.60 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.92 486.60 Td (field ) Tj ET Q q 0 0 0 rg BT 392.36 486.60 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.02 486.60 Td (6,786) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.52 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 434.63 486.60 Td (Bbls/d, ) Tj ET Q q 0 0 0 rg BT 465.35 486.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 506.89 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 516.77 486.60 Td (7,522 ) Tj ET Q q 0 0 0 rg BT 541.38 486.60 Td (Bbls/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (d ) Tj ET Q q 0 0 0 rg BT 56.29 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 65.87 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 79.88 474.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 106.11 474.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 136.22 474.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.34 474.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.34 474.60 Td (. ) Tj ET Q q 0 0 0 rg BT 170.63 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 172.03 474.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 211.60 474.60 Td (production ) Tj ET Q q 0 0 0 rg BT 256.72 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 277.82 474.60 Td (T) Tj ET Q q 0 0 0 rg BT 283.58 474.60 Td (insley ) Tj ET Q q 0 0 0 rg BT 309.26 474.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 331.61 474.60 Td (is ) Tj ET Q q 0 0 0 rg BT 340.07 474.60 Td (believed ) Tj ET Q q 0 0 0 rg BT 375.74 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 385.31 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 405.98 474.60 Td (peaked ) Tj ET Q q 0 0 0 rg BT 436.09 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.66 474.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 469.96 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 483.41 474.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 519.64 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 529.21 474.60 Td (evaluate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (future ) Tj ET Q q 0 0 0 rg BT 76.42 462.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 114.45 462.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 161.37 462.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 217.19 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 228.01 462.60 Td (this ) Tj ET Q q 0 0 0 rg BT 245.50 462.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 269.36 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 272.40 462.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 291.00 462.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 314.04 462.60 Td (development ) Tj ET Q q 0 0 0 rg BT 368.73 462.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 398.42 462.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 428.68 462.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 465.04 462.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 504.75 462.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td ($15 ) Tj ET Q q 0 0 0 rg BT 67.00 450.60 Td (million ) Tj ET Q q 0 0 0 rg BT 98.39 450.60 Td (in ) Tj ET Q q 0 0 0 rg BT 108.67 450.60 Td (this ) Tj ET Q q 0 0 0 rg BT 125.62 450.60 Td (field, ) Tj ET Q q 0 0 0 rg BT 148.94 450.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 188.66 450.60 Td (related ) Tj ET Q q 0 0 0 rg BT 218.36 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 228.64 450.60 Td (improvements ) Tj ET Q q 0 0 0 rg BT 288.35 450.60 Td (at ) Tj ET Q q 0 0 0 rg BT 298.06 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 312.78 450.60 Td (recycle ) Tj ET Q q 0 0 0 rg BT 344.14 450.60 Td (facility) Tj ET Q q 0 0 0 rg BT 371.81 450.60 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (Futur) Tj ET Q q 0 0 0 rg BT 71.91 426.60 Td (e ) Tj ET Q q 0 0 0 rg BT 78.85 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 83.49 426.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 113.21 426.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 122.83 426.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 157.55 426.60 Td (with ) Tj ET Q q 0 0 0 rg BT 177.28 426.60 Td (No ) Tj ET Q q 0 0 0 rg BT 191.45 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 196.09 426.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 225.81 426.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.44 426.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 272.93 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 284.32 426.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 293.95 426.60 Td (oved ) Tj ET Q q 0 0 0 rg BT 315.33 426.60 Td (T) Tj ET Q q 0 0 0 rg BT 319.97 426.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 349.69 426.60 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 387.73 426.60 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 398.01 426.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 456.59 426.60 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.95 402.60 Td (ebster) Tj ET Q q 0 0 0 rg BT 102.87 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 106.44 402.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 134.18 402.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.76 402.60 Td (W) Tj ET Q q 0 0 0 rg BT 146.40 402.60 Td (e ) Tj ET Q q 0 0 0 rg BT 154.41 402.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 192.41 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 209.32 402.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 242.33 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 253.43 402.60 Td (W) Tj ET Q q 0 0 0 rg BT 262.07 402.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 289.52 402.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 313.65 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 325.01 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.80 402.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 368.82 402.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 400.71 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.62 402.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 438.69 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.01 402.60 Td (The ) Tj ET Q q 0 0 0 rg BT 461.13 402.60 Td (field ) Tj ET Q q 0 0 0 rg BT 483.04 402.60 Td (is ) Tj ET Q q 0 0 0 rg BT 493.28 402.60 Td (located ) Tj ET Q q 0 0 0 rg BT 525.73 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 536.83 402.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.24 402.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 110.38 390.60 Td (eight ) Tj ET Q q 0 0 0 rg BT 133.49 390.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 158.27 390.60 Td (northeast ) Tj ET Q q 0 0 0 rg BT 198.04 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.49 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 225.94 390.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 264.06 390.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 287.73 390.60 Td (which ) Tj ET Q q 0 0 0 rg BT 315.29 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 330.07 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 345.39 390.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 384.60 390.60 Td (flooding ) Tj ET Q q 0 0 0 rg BT 421.61 390.60 Td (with ) Tj ET Q q 0 0 0 rg BT 442.50 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 456.39 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.64 390.60 Td (. ) Tj ET Q q 0 0 0 rg BT 465.26 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 467.69 390.60 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.81 390.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.01 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 378.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 84.85 378.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 108.24 378.60 Td (had ) Tj ET Q q 0 0 0 rg BT 125.51 378.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 166.66 378.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 197.27 378.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 247.30 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 282.89 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 294.06 378.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 354.65 378.60 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 369.98 378.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 413.10 378.60 Td (net ) Tj ET Q q 0 0 0 rg BT 428.15 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.76 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 454.93 378.60 Td (interest.During ) Tj ET Q q 0 0 0 rg BT 523.02 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 378.60 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 80.09 366.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.70 366.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.70 366.60 Td (, ) Tj ET Q q 0 0 0 rg BT 115.48 366.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 164.96 366.60 Td (production ) Tj ET Q q 0 0 0 rg BT 210.56 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 219.89 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 228.53 366.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 254.68 366.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 277.52 366.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 315.88 366.60 Td (828 ) Tj ET Q q 0 0 0 rg BT 333.16 366.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 365.71 366.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 407.42 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.47 366.60 Td (1,001 ) Tj ET Q q 0 0 0 rg BT 442.25 366.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 472.31 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 482.36 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.86 366.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 523.57 366.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.17 366.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 354.60 Td (.) Tj ET Q q 0 0 0 rg BT 76.82 354.60 Td (W) Tj ET Q q 0 0 0 rg BT 85.46 354.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 111.83 354.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 134.88 354.60 Td (is ) Tj ET Q q 0 0 0 rg BT 144.05 354.60 Td (geologically ) Tj ET Q q 0 0 0 rg BT 195.97 354.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 226.24 354.60 Td (to ) Tj ET Q q 0 0 0 rg BT 236.51 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 252.34 354.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 289.83 354.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 315.38 354.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 358.43 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 371.48 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 393.41 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.12 354.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 427.29 354.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 448.66 354.60 Td (at ) Tj ET Q q 0 0 0 rg BT 458.37 354.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 488.64 354.60 Td (depths; ) Tj ET Q q 0 0 0 rg BT 520.02 354.60 Td (as ) Tj ET Q q 0 0 0 rg BT 530.85 354.60 Td (a ) Tj ET Q q 0 0 0 rg BT 537.78 354.60 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 64.18 342.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 96.08 342.60 Td (it ) Tj ET Q q 0 0 0 rg BT 104.66 342.60 Td (is ) Tj ET Q q 0 0 0 rg BT 114.35 342.60 Td (well ) Tj ET Q q 0 0 0 rg BT 134.59 342.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 161.50 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 176.18 342.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 190.07 341.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.32 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.34 342.60 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 221.87 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 224.89 342.60 Td (In ) Tj ET Q q 0 0 0 rg BT 236.24 342.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 261.76 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 276.45 342.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 321.12 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 328.58 342.60 Td (nine-mile ) Tj ET Q q 0 0 0 rg BT 369.92 342.60 Td (lateral ) Tj ET Q q 0 0 0 rg BT 397.93 342.60 Td (between ) Tj ET Q q 0 0 0 rg BT 434.26 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 449.50 342.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 476.95 342.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 512.75 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 529.99 342.60 Td (W) Tj ET Q q 0 0 0 rg BT 538.63 342.60 Td (ebster ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 75.02 330.60 Td (which ) Tj ET Q q 0 0 0 rg BT 101.92 330.60 Td (will ) Tj ET Q q 0 0 0 rg BT 119.93 330.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 164.04 330.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 194.27 330.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 208.16 329.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.41 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 213.87 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.10 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 238.78 330.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 262.07 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.35 330.60 Td (The ) Tj ET Q q 0 0 0 rg BT 282.36 330.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 310.93 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 321.72 330.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 335.61 329.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.86 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.32 330.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 382.66 330.60 Td (at ) Tj ET Q q 0 0 0 rg BT 392.16 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 400.80 330.60 Td (ebster ) Tj ET Q q 0 0 0 rg BT 427.13 330.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 450.15 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 459.28 330.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 498.95 330.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 542.51 330.60 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.93 318.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (Conr) Tj ET Q q 0 0 0 rg BT 89.54 294.60 Td (oe ) Tj ET Q q 0 0 0 rg BT 100.26 294.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.43 294.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 160.15 294.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 184.49 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 199.10 294.60 Td (lar) Tj ET Q q 0 0 0 rg BT 209.47 294.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 226.86 294.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 263.13 294.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 293.29 294.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 315.68 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 324.74 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.24 294.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 357.86 294.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 381.92 294.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 411.25 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 419.20 294.60 Td (located ) Tj ET Q q 0 0 0 rg BT 449.36 294.60 Td (north ) Tj ET Q q 0 0 0 rg BT 471.75 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 481.36 294.60 Td (Houston, ) Tj ET Q q 0 0 0 rg BT 518.94 294.60 Td (T) Tj ET Q q 0 0 0 rg BT 524.35 294.60 Td (exas.) Tj ET Q q 0 0 0 rg BT 549.44 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 294.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.53 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 93.58 282.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 130.07 282.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 162.11 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.49 282.60 Td (this ) Tj ET Q q 0 0 0 rg BT 189.55 282.60 Td (field ) Tj ET Q q 0 0 0 rg BT 210.48 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 220.87 282.60 Td (2009 ) Tj ET Q q 0 0 0 rg BT 243.47 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 257.74 282.60 Td ($271 ) Tj ET Q q 0 0 0 rg BT 280.35 282.60 Td (million ) Tj ET Q q 0 0 0 rg BT 311.85 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.23 282.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 342.61 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.66 282.60 Td (1) Tj ET Q q 0 0 0 rg BT 364.29 282.60 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 379.39 282.60 Td (million ) Tj ET Q q 0 0 0 rg BT 410.89 282.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 438.49 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.43 282.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 487.02 282.60 Td (common ) Tj ET Q q 0 0 0 rg BT 524.63 282.60 Td (stock, ) Tj ET Q q 0 0 0 rg BT 550.84 282.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 56.36 270.60 Td (total ) Tj ET Q q 0 0 0 rg BT 76.55 270.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 117.83 270.60 Td (value ) Tj ET Q q 0 0 0 rg BT 141.90 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.65 270.60 Td ($439 ) Tj ET Q q 0 0 0 rg BT 175.07 270.60 Td (million.Conroe ) Tj ET Q q 0 0 0 rg BT 243.32 270.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 266.29 270.60 Td (had ) Tj ET Q q 0 0 0 rg BT 283.15 270.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 323.89 270.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 354.08 270.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 403.70 270.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 438.87 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 449.62 270.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 509.80 270.60 Td (7.0 ) Tj ET Q q 0 0 0 rg BT 524.72 270.60 Td (MMBOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.66 258.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 118.69 258.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.69 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 144.13 258.60 Td (net ) Tj ET Q q 0 0 0 rg BT 159.29 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.02 258.60 Td (our ) Tj ET Q q 0 0 0 rg BT 186.29 258.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 221.17 258.60 Td (all ) Tj ET Q q 0 0 0 rg BT 234.11 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.38 258.60 Td (which ) Tj ET Q q 0 0 0 rg BT 272.77 258.60 Td (are ) Tj ET Q q 0 0 0 rg BT 287.92 258.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 318.63 258.60 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 398.50 258.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.66 258.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 441.04 258.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.36 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.30 258.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.58 258.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.58 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 509.02 258.60 Td (production ) Tj ET Q q 0 0 0 rg BT 555.29 258.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 81.44 246.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 104.50 246.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 143.08 246.60 Td (2,281 ) Tj ET Q q 0 0 0 rg BT 168.08 246.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 200.86 246.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 242.78 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 253.06 246.60 Td (2,889 ) Tj ET Q q 0 0 0 rg BT 278.06 246.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 308.34 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 318.62 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 333.33 246.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 360.27 246.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 391.09 246.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.92 246.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.92 246.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 222.60 Td (o ) Tj ET Q q 0 0 0 rg BT 79.87 222.60 Td (initiate ) Tj ET Q q 0 0 0 rg BT 109.60 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.00 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 129.89 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.14 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.10 222.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 158.17 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 167.35 222.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 198.75 222.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 223.76 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 230.16 222.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 264.33 222.60 Td (must ) Tj ET Q q 0 0 0 rg BT 285.74 222.60 Td (be ) Tj ET Q q 0 0 0 rg BT 297.14 222.60 Td (constructed ) Tj ET Q q 0 0 0 rg BT 345.20 222.60 Td (so ) Tj ET Q q 0 0 0 rg BT 356.05 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 373.00 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 386.89 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.14 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 392.10 222.60 Td (can ) Tj ET Q q 0 0 0 rg BT 407.94 222.60 Td (be ) Tj ET Q q 0 0 0 rg BT 419.34 222.60 Td (delivered ) Tj ET Q q 0 0 0 rg BT 458.50 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 468.24 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 482.42 222.60 Td (field.) Tj ET Q q 0 0 0 rg BT 508.06 222.60 Td (This ) Tj ET Q q 0 0 0 rg BT 527.80 222.60 Td (pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.80 210.60 Td (is ) Tj ET Q q 0 0 0 rg BT 86.33 210.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 120.85 210.60 Td (as ) Tj ET Q q 0 0 0 rg BT 132.04 210.60 Td (an ) Tj ET Q q 0 0 0 rg BT 144.34 210.60 Td (extension ) Tj ET Q q 0 0 0 rg BT 185.53 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.72 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.91 210.60 Td (Green ) Tj ET Q q 0 0 0 rg BT 240.20 210.60 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 278.33 210.60 Td (is ) Tj ET Q q 0 0 0 rg BT 287.86 210.60 Td (preliminarily ) Tj ET Q q 0 0 0 rg BT 342.93 210.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 384.11 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 394.75 210.60 Td (cover ) Tj ET Q q 0 0 0 rg BT 419.82 210.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 480.44 210.60 Td (90 ) Tj ET Q q 0 0 0 rg BT 493.30 210.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 517.83 210.60 Td (at ) Tj ET Q q 0 0 0 rg BT 527.91 210.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.21 210.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 554.18 210.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.56 198.60 Td ($220 ) Tj ET Q q 0 0 0 rg BT 131.86 198.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 165.55 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.85 198.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 185.70 198.60 Td (current ) Tj ET Q q 0 0 0 rg BT 216.32 198.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 235.83 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 249.79 198.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 288.20 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 294.94 198.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 308.83 197.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.08 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.38 198.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 337.79 198.60 Td (at ) Tj ET Q q 0 0 0 rg BT 347.31 198.60 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 379.04 198.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 401.90 198.60 Td (is ) Tj ET Q q 0 0 0 rg BT 410.87 198.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 453.15 198.60 Td (several ) Tj ET Q q 0 0 0 rg BT 483.77 198.60 Td (years ) Tj ET Q q 0 0 0 rg BT 507.17 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 528.91 198.60 Td (now) Tj ET Q q 0 0 0 rg BT 545.48 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 198.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 186.60 Td (which ) Tj ET Q q 0 0 0 rg BT 115.88 186.60 Td (may ) Tj ET Q q 0 0 0 rg BT 135.60 186.60 Td (change ) Tj ET Q q 0 0 0 rg BT 166.41 186.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 210.57 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 223.07 186.60 Td (future ) Tj ET Q q 0 0 0 rg BT 249.45 186.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 262.50 186.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 288.88 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.82 186.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 340.53 186.60 Td (construction.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 162.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 115.46 162.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 142.00 162.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.38 162.60 Td (W) Tj ET Q q 0 0 0 rg BT 153.02 162.60 Td (e ) Tj ET Q q 0 0 0 rg BT 159.84 162.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 196.64 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.35 162.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.17 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 254.15 162.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 299.31 162.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 322.25 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 332.41 162.60 Td (June ) Tj ET Q q 0 0 0 rg BT 353.12 162.60 Td (2012 ) Tj ET Q q 0 0 0 rg BT 375.50 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 389.54 162.60 Td ($366 ) Tj ET Q q 0 0 0 rg BT 411.92 162.60 Td (million. ) Tj ET Q q 0 0 0 rg BT 445.69 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 447.90 162.60 Td (The ) Tj ET Q q 0 0 0 rg BT 465.83 162.60 Td (field ) Tj ET Q q 0 0 0 rg BT 486.53 162.60 Td (is ) Tj ET Q q 0 0 0 rg BT 495.58 162.60 Td (located ) Tj ET Q q 0 0 0 rg BT 526.84 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 536.82 162.60 Td (T) Tj ET Q q 0 0 0 rg BT 542.23 162.60 Td (exas, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.36 150.60 Td (18 ) Tj ET Q q 0 0 0 rg BT 121.47 150.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 145.24 150.60 Td (west ) Tj ET Q q 0 0 0 rg BT 165.67 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 176.11 150.60 Td (our ) Tj ET Q q 0 0 0 rg BT 191.54 150.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 228.65 150.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 253.81 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 255.76 150.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 300.64 150.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 323.30 150.60 Td (had ) Tj ET Q q 0 0 0 rg BT 339.85 150.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 380.27 150.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 410.14 150.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 459.45 150.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 494.31 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.75 150.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (4.0 ) Tj ET Q q 0 0 0 rg BT 64.96 138.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 105.70 138.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.87 138.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 174.92 138.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.92 138.60 Td (, ) Tj ET Q q 0 0 0 rg BT 200.37 138.60 Td (net ) Tj ET Q q 0 0 0 rg BT 215.55 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 226.29 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.57 138.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 277.46 138.60 Td (all ) Tj ET Q q 0 0 0 rg BT 290.42 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.71 138.60 Td (which ) Tj ET Q q 0 0 0 rg BT 329.10 138.60 Td (are ) Tj ET Q q 0 0 0 rg BT 344.27 138.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.99 138.60 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 454.88 138.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.05 138.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 497.45 138.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.76 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 528.72 138.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 138.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 138.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 99.96 126.60 Td (production ) Tj ET Q q 0 0 0 rg BT 146.54 126.60 Td (at ) Tj ET Q q 0 0 0 rg BT 156.78 126.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 202.81 126.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 226.63 126.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 265.97 126.60 Td (1,344 ) Tj ET Q q 0 0 0 rg BT 291.73 126.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 322.76 126.60 Td (net ) Tj ET Q q 0 0 0 rg BT 338.23 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 349.27 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 365.86 126.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 401.05 126.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 443.73 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.76 126.60 Td (1,508 ) Tj ET Q q 0 0 0 rg BT 480.52 126.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 511.55 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 522.59 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 538.06 126.60 Td (fourth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 79.92 114.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.36 114.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.36 114.60 Td (. ) Tj ET Q q 0 0 0 rg BT 117.31 114.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 162.20 114.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 184.86 114.60 Td (is ) Tj ET Q q 0 0 0 rg BT 193.64 114.60 Td (geologically ) Tj ET Q q 0 0 0 rg BT 245.18 114.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 275.06 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 284.94 114.60 Td (Hastings ) Tj ET Q q 0 0 0 rg BT 322.05 114.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 347.21 114.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 389.87 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 402.53 114.60 Td (from ) Tj ET Q q 0 0 0 rg BT 424.07 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.40 114.60 Td (Frio ) Tj ET Q q 0 0 0 rg BT 457.17 114.60 Td (zone ) Tj ET Q q 0 0 0 rg BT 478.16 114.60 Td (at ) Tj ET Q q 0 0 0 rg BT 487.48 114.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 517.36 114.60 Td (depths, ) Tj ET Q q 0 0 0 rg BT 548.08 114.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.41 102.60 Td (therefore ) Tj ET Q q 0 0 0 rg BT 101.75 102.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 132.88 102.60 Td (it ) Tj ET Q q 0 0 0 rg BT 140.69 102.60 Td (has ) Tj ET Q q 0 0 0 rg BT 156.27 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.16 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.41 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.66 102.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 197.92 102.60 Td (potential. ) Tj ET Q q 0 0 0 rg BT 237.66 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 239.92 102.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 267.16 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 281.63 102.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 306.10 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 316.68 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.99 102.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 376.02 102.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 398.83 102.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 444.97 102.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 491.36 102.60 Td (after ) Tj ET Q q 0 0 0 rg BT 511.93 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 102.60 Td (initiation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.18 90.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 74.07 89.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.32 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 79.67 90.60 Td (injection, ) Tj ET Q q 0 0 0 rg BT 119.51 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 134.08 90.60 Td (seller ) Tj ET Q q 0 0 0 rg BT 158.08 90.60 Td (will ) Tj ET Q q 0 0 0 rg BT 175.99 90.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 201.10 90.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 261.21 90.60 Td (a ) Tj ET Q q 0 0 0 rg BT 268.00 90.60 Td (5% ) Tj ET Q q 0 0 0 rg BT 283.68 90.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 307.15 90.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 341.14 90.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 372.92 90.60 Td (\(less ) Tj ET Q q 0 0 0 rg BT 393.60 90.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 435.37 90.60 Td (taxes\) ) Tj ET Q q 0 0 0 rg BT 461.60 90.60 Td (once ) Tj ET Q q 0 0 0 rg BT 482.82 90.60 Td (average ) Tj ET Q q 0 0 0 rg BT 516.26 90.60 Td (monthly ) Tj ET Q q 0 0 0 rg BT 551.94 90.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.19 78.60 Td (exceeds ) Tj ET Q q 0 0 0 rg BT 129.20 78.60 Td (3,000 ) Tj ET Q q 0 0 0 rg BT 154.06 78.60 Td (Bbls/d. ) Tj ET Q q 0 0 0 rg BT 185.04 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.23 78.60 Td (The ) Tj ET Q q 0 0 0 rg BT 205.14 78.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 233.62 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 244.31 78.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 258.21 77.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.46 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 263.82 78.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 305.06 78.60 Td (at ) Tj ET Q q 0 0 0 rg BT 314.47 78.60 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 359.61 78.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 382.53 78.60 Td (is ) Tj ET Q q 0 0 0 rg BT 391.57 78.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 431.14 78.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 474.60 78.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 496.96 78.60 Td (future ) Tj ET Q q 0 0 0 rg BT 523.20 78.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 536.12 78.60 Td (prices.) Tj ET Q endstream endobj 33 0 obj <> endobj 34 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (16) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.55 726.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 121.18 726.75 Td (Region) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 63.39 701.32 Td (2) Tj ET Q BT /F4 7.00 Tf ET q 0 0 0 rg BT 66.64 702.75 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 68.39 702.75 Td (Sour) Tj ET Q q 0 0 0 rg BT 86.91 702.75 Td (ces ) Tj ET Q q 0 0 0 rg BT 102.18 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 119.68 702.75 Td (Pipelines) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 678.75 Td (LaBarge ) Tj ET Q q 0 0 0 rg BT 108.14 678.75 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.30 678.75 Td (W) Tj ET Q q 0 0 0 rg BT 145.94 678.75 Td (e ) Tj ET Q q 0 0 0 rg BT 153.80 678.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 191.65 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 204.51 678.75 Td (overriding ) Tj ET Q q 0 0 0 rg BT 249.58 678.75 Td (royalty ) Tj ET Q q 0 0 0 rg BT 281.33 678.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 314.19 678.75 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 359.26 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 370.46 678.75 Td (an ) Tj ET Q q 0 0 0 rg BT 383.32 678.75 Td (approximate ) Tj ET Q q 0 0 0 rg BT 436.72 678.75 Td (one-third ) Tj ET Q q 0 0 0 rg BT 476.80 678.75 Td (ownership ) Tj ET Q q 0 0 0 rg BT 521.88 678.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 554.74 678.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (ExxonMobil) Tj ET Q q 0 0 0 rg BT 102.83 666.75 Td (s ) Tj ET Q q 0 0 0 rg BT 110.15 666.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.04 665.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.29 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 130.71 666.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 166.89 666.75 Td (in ) Tj ET Q q 0 0 0 rg BT 178.09 666.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 202.89 666.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 215.75 666.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 239.73 666.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.93 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 266.56 666.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 294.42 666.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 326.16 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 337.91 666.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 361.33 666.75 Td (as ) Tj ET Q q 0 0 0 rg BT 373.08 666.75 Td (part ) Tj ET Q q 0 0 0 rg BT 392.05 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 403.80 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 419.43 666.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 438.40 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 456.26 666.75 Td (exchange ) Tj ET Q q 0 0 0 rg BT 497.43 666.75 Td (transaction ) Tj ET Q q 0 0 0 rg BT 544.73 666.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (ExxonMobil. ) Tj ET Q q 0 0 0 rg BT 105.23 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 107.91 654.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 126.13 654.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 158.24 654.75 Td (at ) Tj ET Q q 0 0 0 rg BT 168.13 654.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 192.47 654.75 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 219.03 654.75 Td (\(discussed ) Tj ET Q q 0 0 0 rg BT 263.37 654.75 Td (below\) ) Tj ET Q q 0 0 0 rg BT 293.81 654.75 Td (is ) Tj ET Q q 0 0 0 rg BT 303.16 654.75 Td (also ) Tj ET Q q 0 0 0 rg BT 321.94 654.75 Td (produced ) Tj ET Q q 0 0 0 rg BT 361.82 654.75 Td (from ) Tj ET Q q 0 0 0 rg BT 383.94 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 398.83 654.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 423.63 654.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 435.75 654.75 Td (Field. ) Tj ET Q q 0 0 0 rg BT 461.48 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 464.15 654.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 488.96 654.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 501.07 654.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 524.30 654.75 Td (is ) Tj ET Q q 0 0 0 rg BT 533.65 654.75 Td (located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 642.75 Td (southwestern ) Tj ET Q q 0 0 0 rg BT 114.87 642.75 Td (W) Tj ET Q q 0 0 0 rg BT 123.70 642.75 Td (yoming.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.75 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.41 618.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.41 618.75 Td (, ) Tj ET Q q 0 0 0 rg BT 123.49 618.75 Td (we ) Tj ET Q q 0 0 0 rg BT 137.72 618.75 Td (received ) Tj ET Q q 0 0 0 rg BT 174.17 618.75 Td (an ) Tj ET Q q 0 0 0 rg BT 186.18 618.75 Td (average ) Tj ET Q q 0 0 0 rg BT 219.84 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 230.75 618.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 291.09 618.75 Td (63 ) Tj ET Q q 0 0 0 rg BT 303.67 618.75 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 339.58 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 350.48 618.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 364.38 617.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.62 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 370.20 618.75 Td (from ) Tj ET Q q 0 0 0 rg BT 392.22 618.75 Td (ExxonMobil) Tj ET Q q 0 0 0 rg BT 445.55 618.75 Td (s ) Tj ET Q q 0 0 0 rg BT 452.02 618.75 Td (Shute ) Tj ET Q q 0 0 0 rg BT 477.38 618.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 503.84 618.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.74 618.75 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 72.14 606.75 Td (at ) Tj ET Q q 0 0 0 rg BT 82.00 606.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 106.80 606.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 118.88 606.75 Td (Field. ) Tj ET Q q 0 0 0 rg BT 144.58 606.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.23 606.75 Td (Based ) Tj ET Q q 0 0 0 rg BT 174.31 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 186.95 606.75 Td (current ) Tj ET Q q 0 0 0 rg BT 217.91 606.75 Td (capacity) Tj ET Q q 0 0 0 rg BT 250.57 606.75 Td (, ) Tj ET Q q 0 0 0 rg BT 255.71 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 272.80 606.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 303.76 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 314.19 606.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 361.81 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 372.79 606.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 386.68 605.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.93 606.75 Td (, ) Tj ET Q q 0 0 0 rg BT 395.07 606.75 Td (we ) Tj ET Q q 0 0 0 rg BT 409.37 606.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 448.11 606.75 Td (expect ) Tj ET Q q 0 0 0 rg BT 476.85 606.75 Td (that ) Tj ET Q q 0 0 0 rg BT 494.49 606.75 Td (we ) Tj ET Q q 0 0 0 rg BT 508.79 606.75 Td (could ) Tj ET Q q 0 0 0 rg BT 533.65 606.75 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (up ) Tj ET Q q 0 0 0 rg BT 62.11 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 72.51 594.75 Td (1) Tj ET Q q 0 0 0 rg BT 77.14 594.75 Td (15 ) Tj ET Q q 0 0 0 rg BT 89.75 594.75 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 125.70 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.64 594.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.53 593.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 153.78 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 156.40 594.75 Td (by ) Tj ET Q q 0 0 0 rg BT 169.01 594.75 Td (2021 ) Tj ET Q q 0 0 0 rg BT 191.63 594.75 Td (from ) Tj ET Q q 0 0 0 rg BT 213.68 594.75 Td (such ) Tj ET Q q 0 0 0 rg BT 234.62 594.75 Td (plant. ) Tj ET Q q 0 0 0 rg BT 259.73 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 262.16 594.75 Td (W) Tj ET Q q 0 0 0 rg BT 270.80 594.75 Td (e ) Tj ET Q q 0 0 0 rg BT 277.85 594.75 Td (pay ) Tj ET Q q 0 0 0 rg BT 294.90 594.75 Td (ExxonMobil ) Tj ET Q q 0 0 0 rg BT 348.08 594.75 Td (a ) Tj ET Q q 0 0 0 rg BT 355.13 594.75 Td (fee ) Tj ET Q q 0 0 0 rg BT 369.95 594.75 Td (to ) Tj ET Q q 0 0 0 rg BT 380.34 594.75 Td (process ) Tj ET Q q 0 0 0 rg BT 412.95 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 430.00 594.75 Td (deliver ) Tj ET Q q 0 0 0 rg BT 460.38 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 475.21 594.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 489.10 593.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.35 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 497.47 594.75 Td (which ) Tj ET Q q 0 0 0 rg BT 524.52 594.75 Td (we ) Tj ET Q q 0 0 0 rg BT 538.80 594.75 Td (use ) Tj ET Q q 0 0 0 rg BT 554.74 594.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.24 582.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 93.77 582.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 135.07 582.75 Td (region ) Tj ET Q q 0 0 0 rg BT 163.03 582.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.92 581.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 180.17 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 182.58 582.75 Td (floods. ) Tj ET Q q 0 0 0 rg BT 212.49 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.38 582.75 Td (As ) Tj ET Q q 0 0 0 rg BT 227.90 582.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.65 582.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.14 582.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.14 582.75 Td (, ) Tj ET Q q 0 0 0 rg BT 322.06 582.75 Td (our ) Tj ET Q q 0 0 0 rg BT 337.80 582.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 369.65 582.75 Td (in ) Tj ET Q q 0 0 0 rg BT 379.84 582.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 404.64 582.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 416.50 582.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 439.47 582.75 Td (consisted ) Tj ET Q q 0 0 0 rg BT 479.10 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 489.84 582.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.01 582.75 Td (1.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.91 570.75 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.68 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 65.18 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 76.01 570.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 106.28 570.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 120.17 569.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.42 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 125.92 570.75 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 546.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 91.46 546.75 Td (Ridge.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.96 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 120.69 546.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.31 546.75 Td (The ) Tj ET Q q 0 0 0 rg BT 139.59 546.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 162.99 546.75 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 188.62 546.75 Td (Federal ) Tj ET Q q 0 0 0 rg BT 220.34 546.75 Td (Unit ) Tj ET Q q 0 0 0 rg BT 239.86 546.75 Td (is ) Tj ET Q q 0 0 0 rg BT 248.27 546.75 Td (also ) Tj ET Q q 0 0 0 rg BT 266.11 546.75 Td (located ) Tj ET Q q 0 0 0 rg BT 296.73 546.75 Td (in ) Tj ET Q q 0 0 0 rg BT 306.24 546.75 Td (southwestern ) Tj ET Q q 0 0 0 rg BT 360.62 546.75 Td (W) Tj ET Q q 0 0 0 rg BT 369.46 546.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 401.76 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 417.93 546.75 Td (produces ) Tj ET Q q 0 0 0 rg BT 455.77 546.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 470.84 546.75 Td (from ) Tj ET Q q 0 0 0 rg BT 492.01 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 505.97 546.75 Td (same ) Tj ET Q q 0 0 0 rg BT 528.25 546.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 553.06 546.75 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (Field. ) Tj ET Q q 0 0 0 rg BT 75.03 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 77.32 534.75 Td (W) Tj ET Q q 0 0 0 rg BT 85.96 534.75 Td (e ) Tj ET Q q 0 0 0 rg BT 92.87 534.75 Td (own ) Tj ET Q q 0 0 0 rg BT 112.57 534.75 Td (100% ) Tj ET Q q 0 0 0 rg BT 138.37 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 149.17 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 163.86 534.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 204.10 534.75 Td (interests ) Tj ET Q q 0 0 0 rg BT 239.90 534.75 Td (in ) Tj ET Q q 0 0 0 rg BT 250.15 534.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 274.29 534.75 Td (Ridge, ) Tj ET Q q 0 0 0 rg BT 303.15 534.75 Td (as ) Tj ET Q q 0 0 0 rg BT 313.95 534.75 Td (well ) Tj ET Q q 0 0 0 rg BT 333.64 534.75 Td (as ) Tj ET Q q 0 0 0 rg BT 344.45 534.75 Td (a ) Tj ET Q q 0 0 0 rg BT 351.36 534.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 367.16 534.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 412.40 534.75 Td (facility) Tj ET Q q 0 0 0 rg BT 440.07 534.75 Td (. ) Tj ET Q q 0 0 0 rg BT 445.05 534.75 Td ( ) Tj ET Q q 0 0 0 rg BT 447.34 534.75 Td (W) Tj ET Q q 0 0 0 rg BT 455.98 534.75 Td (e ) Tj ET Q q 0 0 0 rg BT 462.89 534.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 499.79 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 514.48 534.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 538.62 534.75 Td (Ridge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (Federal ) Tj ET Q q 0 0 0 rg BT 81.83 522.75 Td (Unit ) Tj ET Q q 0 0 0 rg BT 101.95 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.73 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.28 522.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 176.72 522.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 192.39 522.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 237.50 522.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 268.16 522.75 Td (with ) Tj ET Q q 0 0 0 rg BT 288.28 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.84 522.75 Td (intent ) Tj ET Q q 0 0 0 rg BT 327.95 522.75 Td (to ) Tj ET Q q 0 0 0 rg BT 338.07 522.75 Td (separate ) Tj ET Q q 0 0 0 rg BT 373.17 522.75 Td (for ) Tj ET Q q 0 0 0 rg BT 387.17 522.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 405.06 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 419.62 522.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 449.72 522.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 465.39 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 482.17 522.75 Td (helium ) Tj ET Q q 0 0 0 rg BT 512.29 522.75 Td (from ) Tj ET Q q 0 0 0 rg BT 534.07 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 548.63 522.75 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (well ) Tj ET Q q 0 0 0 rg BT 69.17 510.75 Td (stream ) Tj ET Q q 0 0 0 rg BT 98.27 510.75 Td (after ) Tj ET Q q 0 0 0 rg BT 119.04 510.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 170.92 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 181.70 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.37 510.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 212.15 510.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 257.37 510.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 288.14 510.75 Td (was ) Tj ET Q q 0 0 0 rg BT 306.14 510.75 Td (completed, ) Tj ET Q q 0 0 0 rg BT 352.74 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 369.63 510.75 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 412.63 510.75 Td (for ) Tj ET Q q 0 0 0 rg BT 426.74 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 441.40 510.75 Td (purpose ) Tj ET Q q 0 0 0 rg BT 475.51 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 486.29 510.75 Td (gaining ) Tj ET Q q 0 0 0 rg BT 518.74 510.75 Td (a ) Tj ET Q q 0 0 0 rg BT 525.63 510.75 Td (source ) Tj ET Q q 0 0 0 rg BT 554.18 510.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 497.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 69.07 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 79.27 498.75 Td (utilize ) Tj ET Q q 0 0 0 rg BT 106.69 498.75 Td (in ) Tj ET Q q 0 0 0 rg BT 116.89 498.75 Td (flooding ) Tj ET Q q 0 0 0 rg BT 153.20 498.75 Td (our ) Tj ET Q q 0 0 0 rg BT 168.96 498.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 193.60 498.75 Td (in ) Tj ET Q q 0 0 0 rg BT 203.81 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.45 498.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 246.98 498.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 288.30 498.75 Td (region. ) Tj ET Q q 0 0 0 rg BT 318.77 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 321.19 498.75 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 374.43 498.75 Td (, ) Tj ET Q q 0 0 0 rg BT 379.36 498.75 Td (issues ) Tj ET Q q 0 0 0 rg BT 405.67 498.75 Td (arose ) Tj ET Q q 0 0 0 rg BT 429.20 498.75 Td (related ) Tj ET Q q 0 0 0 rg BT 458.83 498.75 Td (to ) Tj ET Q q 0 0 0 rg BT 469.03 498.75 Td (contractor ) Tj ET Q q 0 0 0 rg BT 511.99 498.75 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.13 486.75 Td (design ) Tj ET Q q 0 0 0 rg BT 96.44 486.75 Td (failure ) Tj ET Q q 0 0 0 rg BT 125.73 486.75 Td (that ) Tj ET Q q 0 0 0 rg BT 143.92 486.75 Td (caused ) Tj ET Q q 0 0 0 rg BT 174.32 486.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 219.72 486.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 248.47 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.10 486.75 Td (incremental ) Tj ET Q q 0 0 0 rg BT 316.49 486.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 339.69 486.75 Td (to ) Tj ET Q q 0 0 0 rg BT 350.66 486.75 Td (complete ) Tj ET Q q 0 0 0 rg BT 390.50 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 405.92 486.75 Td (facility) Tj ET Q q 0 0 0 rg BT 433.59 486.75 Td (. ) Tj ET Q q 0 0 0 rg BT 439.28 486.75 Td ( ) Tj ET Q q 0 0 0 rg BT 442.25 486.75 Td (W) Tj ET Q q 0 0 0 rg BT 450.88 486.75 Td (e ) Tj ET Q q 0 0 0 rg BT 458.52 486.75 Td (placed ) Tj ET Q q 0 0 0 rg BT 487.80 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 503.22 486.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.74 486.75 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 81.24 474.75 Td (into ) Tj ET Q q 0 0 0 rg BT 100.21 474.75 Td (service ) Tj ET Q q 0 0 0 rg BT 131.95 474.75 Td (during ) Tj ET Q q 0 0 0 rg BT 161.47 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 177.11 474.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 204.96 474.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 236.70 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 248.45 474.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 274.36 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 292.22 474.75 Td (we ) Tj ET Q q 0 0 0 rg BT 307.30 474.75 Td (were ) Tj ET Q q 0 0 0 rg BT 330.14 474.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 374.66 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 385.86 474.75 Td (running ) Tj ET Q q 0 0 0 rg BT 420.38 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.02 474.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 467.76 474.75 Td (for ) Tj ET Q q 0 0 0 rg BT 482.83 474.75 Td (part ) Tj ET Q q 0 0 0 rg BT 501.80 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 513.55 474.75 Td (2014 ) Tj ET Q q 0 0 0 rg BT 536.97 474.75 Td (before ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.28 462.75 Td (issues ) Tj ET Q q 0 0 0 rg BT 118.97 462.75 Td (arose ) Tj ET Q q 0 0 0 rg BT 142.86 462.75 Td (related ) Tj ET Q q 0 0 0 rg BT 172.86 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.43 462.75 Td (optimal ) Tj ET Q q 0 0 0 rg BT 216.78 462.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 257.34 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 268.46 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 283.47 462.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 314.59 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.82 462.75 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 357.95 462.75 Td (build-up ) Tj ET Q q 0 0 0 rg BT 394.63 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 405.20 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 420.21 462.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 436.33 462.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 465.80 462.75 Td (wells. ) Tj ET Q q 0 0 0 rg BT 492.20 462.75 Td ( ) Tj ET Q q 0 0 0 rg BT 495.00 462.75 Td (In ) Tj ET Q q 0 0 0 rg BT 506.12 462.75 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 550.30 462.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.79 450.75 Td (processing ) Tj ET Q q 0 0 0 rg BT 111.52 450.75 Td (facility ) Tj ET Q q 0 0 0 rg BT 142.80 450.75 Td (was ) Tj ET Q q 0 0 0 rg BT 161.32 450.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 192.06 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 209.46 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 220.20 450.75 Td (date ) Tj ET Q q 0 0 0 rg BT 239.81 450.75 Td (remains ) Tj ET Q q 0 0 0 rg BT 274.43 450.75 Td (shut-in. ) Tj ET Q q 0 0 0 rg BT 307.67 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 310.42 450.75 Td (W) Tj ET Q q 0 0 0 rg BT 319.05 450.75 Td (e ) Tj ET Q q 0 0 0 rg BT 326.45 450.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 346.63 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 357.37 450.75 Td (continue ) Tj ET Q q 0 0 0 rg BT 394.77 450.75 Td (engineering ) Tj ET Q q 0 0 0 rg BT 444.93 450.75 Td (work ) Tj ET Q q 0 0 0 rg BT 468.44 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.84 450.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 521.02 450.75 Td (in ) Tj ET Q q 0 0 0 rg BT 531.76 450.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 554.72 450.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 91.54 438.75 Td (if ) Tj ET Q q 0 0 0 rg BT 99.71 438.75 Td (there ) Tj ET Q q 0 0 0 rg BT 121.76 438.75 Td (are ) Tj ET Q q 0 0 0 rg BT 136.03 438.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 180.29 438.75 Td (options ) Tj ET Q q 0 0 0 rg BT 211.80 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 221.65 438.75 Td (remediate ) Tj ET Q q 0 0 0 rg BT 263.13 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.41 438.75 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 302.80 438.75 Td (build-up ) Tj ET Q q 0 0 0 rg BT 338.75 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 348.59 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.87 438.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 378.26 438.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 407.00 438.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 430.17 438.75 Td (and ) Tj ET Q q 0 0 0 rg BT 446.67 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 456.51 438.75 Td (assess ) Tj ET Q q 0 0 0 rg BT 483.02 438.75 Td (our ) Tj ET Q q 0 0 0 rg BT 498.41 438.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 526.03 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 535.87 438.75 Td (reduce ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 426.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 86.72 426.75 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 120.31 426.75 Td (however) Tj ET Q q 0 0 0 rg BT 154.34 426.75 Td (, ) Tj ET Q q 0 0 0 rg BT 159.34 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 174.06 426.75 Td (time ) Tj ET Q q 0 0 0 rg BT 194.33 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 205.16 426.75 Td (completion ) Tj ET Q q 0 0 0 rg BT 252.65 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 269.59 426.75 Td (results ) Tj ET Q q 0 0 0 rg BT 298.20 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 309.03 426.75 Td (such ) Tj ET Q q 0 0 0 rg BT 329.86 426.75 Td (analysis ) Tj ET Q q 0 0 0 rg BT 364.57 426.75 Td (are ) Tj ET Q q 0 0 0 rg BT 379.28 426.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 417.87 426.75 Td (uncertain.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td (Other) Tj ET Q q 0 0 0 rg BT 92.87 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 95.32 402.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 125.00 402.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 169.68 402.75 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 184.68 401.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.93 402.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 190.38 402.75 Td (Sour) Tj ET Q q 0 0 0 rg BT 210.76 402.75 Td (ces.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.03 402.75 Td () Tj ET Q q 0 0 0 rg BT 230.85 402.75 Td (While ) Tj ET Q q 0 0 0 rg BT 257.74 402.75 Td (Riley ) Tj ET Q q 0 0 0 rg BT 281.86 402.75 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 308.20 402.75 Td (is ) Tj ET Q q 0 0 0 rg BT 317.32 402.75 Td (a ) Tj ET Q q 0 0 0 rg BT 324.21 402.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 361.66 402.75 Td (source ) Tj ET Q q 0 0 0 rg BT 390.21 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.99 402.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 414.89 401.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.13 402.75 Td ( ) Tj ET Q q 0 0 0 rg BT 420.59 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 434.70 402.75 Td (flooding ) Tj ET Q q 0 0 0 rg BT 471.04 402.75 Td (our ) Tj ET Q q 0 0 0 rg BT 486.83 402.75 Td (fields ) Tj ET Q q 0 0 0 rg BT 511.50 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 521.73 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 536.40 402.75 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 91.66 390.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 122.97 390.75 Td (we ) Tj ET Q q 0 0 0 rg BT 137.90 390.75 Td (have ) Tj ET Q q 0 0 0 rg BT 160.05 390.75 Td (formed ) Tj ET Q q 0 0 0 rg BT 192.19 390.75 Td (alternative ) Tj ET Q q 0 0 0 rg BT 237.66 390.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 262.04 390.75 Td (to ) Tj ET Q q 0 0 0 rg BT 273.08 390.75 Td (develop ) Tj ET Q q 0 0 0 rg BT 308.01 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.61 390.75 Td (future ) Tj ET Q q 0 0 0 rg BT 351.75 390.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 365.65 389.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.89 390.75 Td ( ) Tj ET Q q 0 0 0 rg BT 372.16 390.75 Td (EOR ) Tj ET Q q 0 0 0 rg BT 395.43 390.75 Td (floods, ) Tj ET Q q 0 0 0 rg BT 426.20 390.75 Td (which ) Tj ET Q q 0 0 0 rg BT 453.91 390.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 467.80 389.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.05 390.75 Td ( ) Tj ET Q q 0 0 0 rg BT 474.32 390.75 Td (volumes ) Tj ET Q q 0 0 0 rg BT 511.48 390.75 Td (we ) Tj ET Q q 0 0 0 rg BT 526.40 390.75 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 91.32 378.75 Td (could ) Tj ET Q q 0 0 0 rg BT 116.48 378.75 Td (be ) Tj ET Q q 0 0 0 rg BT 128.87 378.75 Td (supplied ) Tj ET Q q 0 0 0 rg BT 165.71 378.75 Td (through ) Tj ET Q q 0 0 0 rg BT 199.76 378.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 234.38 378.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 248.27 377.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.52 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.47 378.75 Td (sources. ) Tj ET Q q 0 0 0 rg BT 289.91 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 292.64 378.75 Td (W) Tj ET Q q 0 0 0 rg BT 301.28 378.75 Td (e ) Tj ET Q q 0 0 0 rg BT 308.67 378.75 Td (began ) Tj ET Q q 0 0 0 rg BT 335.50 378.75 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 382.32 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.71 378.75 Td (receiving ) Tj ET Q q 0 0 0 rg BT 439.86 378.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 453.75 377.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.00 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 459.95 378.75 Td (from ) Tj ET Q q 0 0 0 rg BT 482.34 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.50 378.75 Td (ConocoPhillips-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 86.86 366.75 Td (Lost ) Tj ET Q q 0 0 0 rg BT 107.58 366.75 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 134.40 366.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 150.67 366.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 173.61 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 184.32 366.75 Td (central ) Tj ET Q q 0 0 0 rg BT 214.25 366.75 Td (W) Tj ET Q q 0 0 0 rg BT 223.09 366.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 256.58 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 267.30 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 282.46 366.75 Td (first ) Tj ET Q q 0 0 0 rg BT 301.50 366.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 332.76 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.03 366.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 369.46 366.75 Td (under ) Tj ET Q q 0 0 0 rg BT 395.17 366.75 Td (a ) Tj ET Q q 0 0 0 rg BT 402.55 366.75 Td (contract ) Tj ET Q q 0 0 0 rg BT 437.69 366.75 Td (that ) Tj ET Q q 0 0 0 rg BT 455.62 366.75 Td (provides ) Tj ET Q q 0 0 0 rg BT 493.00 366.75 Td (us ) Tj ET Q q 0 0 0 rg BT 504.83 366.75 Td (as ) Tj ET Q q 0 0 0 rg BT 516.10 366.75 Td (much ) Tj ET Q q 0 0 0 rg BT 541.25 366.75 Td (as ) Tj ET Q q 0 0 0 rg BT 552.52 366.75 Td (50 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (MMcf/d ) Tj ET Q q 0 0 0 rg BT 85.33 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.16 354.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.05 353.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.30 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.80 354.75 Td (for ) Tj ET Q q 0 0 0 rg BT 129.96 354.75 Td (use ) Tj ET Q q 0 0 0 rg BT 145.79 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 156.07 354.75 Td (our ) Tj ET Q q 0 0 0 rg BT 171.90 354.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 200.51 354.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 241.90 354.75 Td (region ) Tj ET Q q 0 0 0 rg BT 269.94 354.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 283.83 353.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.08 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 289.58 354.75 Td (floods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 330.75 Td (Gr) Tj ET Q q 0 0 0 rg BT 79.54 330.75 Td (eencor) Tj ET Q q 0 0 0 rg BT 107.67 330.75 Td (e ) Tj ET Q q 0 0 0 rg BT 115.41 330.75 Td (Pipeline.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.35 330.75 Td (The ) Tj ET Q q 0 0 0 rg BT 176.20 330.75 Td (20-inch ) Tj ET Q q 0 0 0 rg BT 210.05 330.75 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 254.99 330.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 291.06 330.75 Td (in ) Tj ET Q q 0 0 0 rg BT 301.90 330.75 Td (W) Tj ET Q q 0 0 0 rg BT 310.74 330.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 344.60 330.75 Td (is ) Tj ET Q q 0 0 0 rg BT 354.57 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 370.08 330.75 Td (first ) Tj ET Q q 0 0 0 rg BT 389.49 330.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 403.38 329.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.63 330.75 Td ( ) Tj ET Q q 0 0 0 rg BT 409.93 330.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 445.45 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 460.41 330.75 Td (constructed ) Tj ET Q q 0 0 0 rg BT 509.80 330.75 Td (in ) Tj ET Q q 0 0 0 rg BT 520.88 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 536.40 330.75 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.83 318.75 Td (region.) Tj ET Q q 0 0 0 rg BT 123.69 318.75 Td (W) Tj ET Q q 0 0 0 rg BT 132.33 318.75 Td (e ) Tj ET Q q 0 0 0 rg BT 139.21 318.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 158.86 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 169.08 318.75 Td (use ) Tj ET Q q 0 0 0 rg BT 184.85 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.50 318.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 234.16 318.75 Td (as ) Tj ET Q q 0 0 0 rg BT 244.92 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 260.69 318.75 Td (trunk ) Tj ET Q q 0 0 0 rg BT 284.24 318.75 Td (line ) Tj ET Q q 0 0 0 rg BT 301.68 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 311.89 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 326.55 318.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 355.10 318.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 396.42 318.75 Td (region, ) Tj ET Q q 0 0 0 rg BT 426.91 318.75 Td (eventually ) Tj ET Q q 0 0 0 rg BT 471.00 318.75 Td (connecting ) Tj ET Q q 0 0 0 rg BT 517.31 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 533.08 318.75 Td (various ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 77.57 306.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 118.41 306.75 Td (region ) Tj ET Q q 0 0 0 rg BT 145.91 306.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 159.80 305.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.05 306.75 Td ( ) Tj ET Q q 0 0 0 rg BT 165.01 306.75 Td (sources ) Tj ET Q q 0 0 0 rg BT 196.96 306.75 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 215.01 306.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 241.40 306.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 282.24 306.75 Td (Region ) Tj ET Q q 0 0 0 rg BT 312.52 306.75 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 326.41 305.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.66 306.75 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 331.62 306.75 Td (Sour) Tj ET Q q 0 0 0 rg BT 350.14 306.75 Td (ces ) Tj ET Q q 0 0 0 rg BT 364.87 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 381.82 306.75 Td (Pipelines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.03 306.75 Td ( ) Tj ET Q q 0 0 0 rg BT 420.99 306.75 Td (above\) ) Tj ET Q q 0 0 0 rg BT 450.16 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 459.89 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 474.06 306.75 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 499.90 306.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 525.30 306.75 Td (Anticline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (in ) Tj ET Q q 0 0 0 rg BT 58.98 294.75 Td (eastern ) Tj ET Q q 0 0 0 rg BT 89.01 294.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 126.26 294.75 Td (and ) Tj ET Q q 0 0 0 rg BT 142.41 294.75 Td (western ) Tj ET Q q 0 0 0 rg BT 175.21 294.75 Td (North ) Tj ET Q q 0 0 0 rg BT 200.25 294.75 Td (Dakota. ) Tj ET Q q 0 0 0 rg BT 233.33 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 234.91 294.75 Td (The ) Tj ET Q q 0 0 0 rg BT 252.17 294.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 277.20 294.75 Td (232-mile ) Tj ET Q q 0 0 0 rg BT 315.01 294.75 Td (section ) Tj ET Q q 0 0 0 rg BT 345.05 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 355.08 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 369.01 294.75 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 412.35 294.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 446.83 294.75 Td (begins ) Tj ET Q q 0 0 0 rg BT 474.64 294.75 Td (at ) Tj ET Q q 0 0 0 rg BT 483.57 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 497.49 294.75 Td (ConocoPhillips-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (operated ) Tj ET Q q 0 0 0 rg BT 86.96 282.75 Td (Lost ) Tj ET Q q 0 0 0 rg BT 107.77 282.75 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 134.70 282.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 151.06 282.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 174.09 282.75 Td (in ) Tj ET Q q 0 0 0 rg BT 184.69 282.75 Td (W) Tj ET Q q 0 0 0 rg BT 193.53 282.75 Td (yoming ) Tj ET Q q 0 0 0 rg BT 227.12 282.75 Td (and ) Tj ET Q q 0 0 0 rg BT 244.59 282.75 Td (terminates ) Tj ET Q q 0 0 0 rg BT 289.28 282.75 Td (at ) Tj ET Q q 0 0 0 rg BT 299.53 282.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 319.24 282.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 346.15 282.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 369.74 282.75 Td (in ) Tj ET Q q 0 0 0 rg BT 380.56 282.75 Td (Montana.) Tj ET Q q 0 0 0 rg BT 423.42 282.75 Td (W) Tj ET Q q 0 0 0 rg BT 432.06 282.75 Td (e ) Tj ET Q q 0 0 0 rg BT 439.53 282.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 484.22 282.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 536.69 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 548.06 282.75 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (section ) Tj ET Q q 0 0 0 rg BT 80.36 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 91.23 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 105.99 270.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 140.74 270.75 Td (in ) Tj ET Q q 0 0 0 rg BT 151.05 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 165.81 270.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 192.78 270.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 223.64 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 234.51 270.75 Td (2012 ) Tj ET Q q 0 0 0 rg BT 257.04 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 274.02 270.75 Td (received ) Tj ET Q q 0 0 0 rg BT 310.42 270.75 Td (our ) Tj ET Q q 0 0 0 rg BT 326.29 270.75 Td (first ) Tj ET Q q 0 0 0 rg BT 344.94 270.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 358.83 269.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.08 270.75 Td ( ) Tj ET Q q 0 0 0 rg BT 364.61 270.75 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 406.02 270.75 Td (from ) Tj ET Q q 0 0 0 rg BT 428.00 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 442.76 270.75 Td (ConocoPhillips-operated ) Tj ET Q q 0 0 0 rg BT 544.72 270.75 Td (Lost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 76.10 258.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 92.14 258.75 Td (plant ) Tj ET Q q 0 0 0 rg BT 114.84 258.75 Td (during ) Tj ET Q q 0 0 0 rg BT 143.66 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 158.59 258.75 Td (first ) Tj ET Q q 0 0 0 rg BT 177.41 258.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 208.43 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.47 258.75 Td (2013.During ) Tj ET Q q 0 0 0 rg BT 278.01 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 292.94 258.75 Td (first ) Tj ET Q q 0 0 0 rg BT 311.76 258.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 342.78 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.82 258.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 379.03 258.75 Td (we ) Tj ET Q q 0 0 0 rg BT 393.40 258.75 Td (completed ) Tj ET Q q 0 0 0 rg BT 437.76 258.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 489.91 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 500.95 258.75 Td (an ) Tj ET Q q 0 0 0 rg BT 513.09 258.75 Td (interconnect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (between ) Tj ET Q q 0 0 0 rg BT 85.68 246.75 Td (our ) Tj ET Q q 0 0 0 rg BT 101.88 246.75 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 146.38 246.75 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 182.03 246.75 Td (and ) Tj ET Q q 0 0 0 rg BT 199.33 246.75 Td (an ) Tj ET Q q 0 0 0 rg BT 211.64 246.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 246.17 246.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 291.80 246.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.69 245.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.94 246.75 Td ( ) Tj ET Q q 0 0 0 rg BT 311.81 246.75 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 346.89 246.75 Td (in ) Tj ET Q q 0 0 0 rg BT 357.33 246.75 Td (W) Tj ET Q q 0 0 0 rg BT 366.17 246.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 402.09 246.75 Td (which ) Tj ET Q q 0 0 0 rg BT 429.40 246.75 Td (enables ) Tj ET Q q 0 0 0 rg BT 462.25 246.75 Td (us ) Tj ET Q q 0 0 0 rg BT 474.01 246.75 Td (to ) Tj ET Q q 0 0 0 rg BT 484.66 246.75 Td (transport ) Tj ET Q q 0 0 0 rg BT 523.07 246.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 536.96 245.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.21 246.75 Td ( ) Tj ET Q q 0 0 0 rg BT 543.08 246.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (LaBar) Tj ET Q q 0 0 0 rg BT 74.30 234.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 86.24 234.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 109.30 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 119.58 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 135.41 234.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 154.57 234.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 180.95 234.75 Td (Field.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 210.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 210.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 210.75 Td (operties ) Tj ET Q q 0 0 0 rg BT 128.21 210.75 Td (with ) Tj ET Q q 0 0 0 rg BT 147.93 210.75 Td (T) Tj ET Q q 0 0 0 rg BT 152.58 210.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 182.29 210.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 191.92 210.75 Td (oduction ) Tj ET Q q 0 0 0 rg BT 229.42 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 246.92 210.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 256.55 210.75 Td (oved ) Tj ET Q q 0 0 0 rg BT 277.92 210.75 Td (T) Tj ET Q q 0 0 0 rg BT 282.57 210.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 312.28 210.75 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 350.32 210.75 Td (at ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 360.60 210.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 419.19 210.75 Td (2016) Tj ET Q BT /F4 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 186.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 85.77 186.75 Td (Cr) Tj ET Q q 0 0 0 rg BT 97.25 186.75 Td (eek ) Tj ET Q q 0 0 0 rg BT 113.29 186.75 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.45 186.75 Td (W) Tj ET Q q 0 0 0 rg BT 151.09 186.75 Td (e ) Tj ET Q q 0 0 0 rg BT 157.13 186.75 Td (acquired ) Tj ET Q q 0 0 0 rg BT 193.16 186.75 Td (our ) Tj ET Q q 0 0 0 rg BT 208.09 186.75 Td (interest ) Tj ET Q q 0 0 0 rg BT 239.13 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 248.51 186.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 266.78 186.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 292.26 186.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 314.42 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 323.80 186.75 Td (southeast ) Tj ET Q q 0 0 0 rg BT 362.62 186.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 399.77 186.75 Td (as ) Tj ET Q q 0 0 0 rg BT 409.70 186.75 Td (part ) Tj ET Q q 0 0 0 rg BT 426.85 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 436.79 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 450.61 186.75 Td (Encore ) Tj ET Q q 0 0 0 rg BT 480.52 186.75 Td (mer) Tj ET Q q 0 0 0 rg BT 495.89 186.75 Td (ger ) Tj ET Q q 0 0 0 rg BT 510.26 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 519.64 186.75 Td (2010.) Tj ET Q q 0 0 0 rg BT 546.96 186.75 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (oil-producing ) Tj ET Q q 0 0 0 rg BT 107.29 174.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 146.18 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 157.31 174.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 177.33 174.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 204.56 174.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 228.47 174.75 Td (is ) Tj ET Q q 0 0 0 rg BT 238.50 174.75 Td (a ) Tj ET Q q 0 0 0 rg BT 246.29 174.75 Td (sandstone ) Tj ET Q q 0 0 0 rg BT 289.08 174.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 327.98 174.75 Td (with ) Tj ET Q q 0 0 0 rg BT 349.11 174.75 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 409.65 174.75 Td (similar ) Tj ET Q q 0 0 0 rg BT 440.78 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 451.91 174.75 Td (those ) Tj ET Q q 0 0 0 rg BT 476.38 174.75 Td (we ) Tj ET Q q 0 0 0 rg BT 491.39 174.75 Td (have ) Tj ET Q q 0 0 0 rg BT 513.62 174.75 Td (successfully ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (flooded ) Tj ET Q q 0 0 0 rg BT 82.61 162.75 Td (with ) Tj ET Q q 0 0 0 rg BT 102.95 162.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 116.84 161.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.09 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 122.65 162.75 Td (in ) Tj ET Q q 0 0 0 rg BT 132.98 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 147.76 162.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 168.65 162.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 193.99 162.75 Td (region. ) Tj ET Q q 0 0 0 rg BT 224.60 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 227.16 162.75 Td (During ) Tj ET Q q 0 0 0 rg BT 258.05 162.75 Td (2013, ) Tj ET Q q 0 0 0 rg BT 283.11 162.75 Td (we ) Tj ET Q q 0 0 0 rg BT 297.33 162.75 Td (began ) Tj ET Q q 0 0 0 rg BT 323.76 162.75 Td (first ) Tj ET Q q 0 0 0 rg BT 342.43 162.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.32 161.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.57 162.75 Td ( ) Tj ET Q q 0 0 0 rg BT 362.13 162.75 Td (injections ) Tj ET Q q 0 0 0 rg BT 403.58 162.75 Td (into ) Tj ET Q q 0 0 0 rg BT 421.69 162.75 Td (Bell ) Tj ET Q q 0 0 0 rg BT 440.92 162.75 Td (Creek ) Tj ET Q q 0 0 0 rg BT 467.35 162.75 Td (Field, ) Tj ET Q q 0 0 0 rg BT 492.97 162.75 Td (recorded ) Tj ET Q q 0 0 0 rg BT 530.51 162.75 Td (our ) Tj ET Q q 0 0 0 rg BT 546.40 162.75 Td (first ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.22 150.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.63 150.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 140.30 150.75 Td (and ) Tj ET Q q 0 0 0 rg BT 156.58 150.75 Td (booked ) Tj ET Q q 0 0 0 rg BT 187.87 150.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 213.05 150.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 242.67 150.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 273.39 150.75 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 310.49 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 312.21 150.75 Td (T) Tj ET Q q 0 0 0 rg BT 317.62 150.75 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 345.56 150.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 393.23 150.75 Td (net ) Tj ET Q q 0 0 0 rg BT 407.30 150.75 Td (to ) Tj ET Q q 0 0 0 rg BT 416.92 150.75 Td (our ) Tj ET Q q 0 0 0 rg BT 432.10 150.75 Td (interest, ) Tj ET Q q 0 0 0 rg BT 465.88 150.75 Td (during ) Tj ET Q q 0 0 0 rg BT 493.84 150.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.91 150.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 534.19 150.75 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.57 138.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.57 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 83.31 138.75 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.14 138.75 Td (3,269) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.64 138.75 Td ( ) Tj ET Q q 0 0 0 rg BT 147.38 138.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 176.24 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 187.31 138.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 203.10 138.75 Td (compared ) Tj ET Q q 0 0 0 rg BT 245.27 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 255.79 138.75 Td (2,806 ) Tj ET Q q 0 0 0 rg BT 281.03 138.75 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 309.89 138.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.41 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.36 138.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 362.54 138.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 393.60 138.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.67 138.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.67 138.75 Td (, ) Tj ET Q q 0 0 0 rg BT 429.91 138.75 Td (as ) Tj ET Q q 0 0 0 rg BT 440.98 138.75 Td (production ) Tj ET Q q 0 0 0 rg BT 487.05 138.75 Td (has ) Tj ET Q q 0 0 0 rg BT 503.12 138.75 Td (steadily ) Tj ET Q q 0 0 0 rg BT 536.96 138.75 Td (grown ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (from ) Tj ET Q q 0 0 0 rg BT 73.04 126.75 Td (the ) Tj ET Q q 0 0 0 rg BT 89.36 126.75 Td (initial ) Tj ET Q q 0 0 0 rg BT 116.79 126.75 Td (production ) Tj ET Q q 0 0 0 rg BT 164.21 126.75 Td (response ) Tj ET Q q 0 0 0 rg BT 203.30 126.75 Td (in ) Tj ET Q q 0 0 0 rg BT 215.18 126.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.50 126.75 Td (third ) Tj ET Q q 0 0 0 rg BT 254.49 126.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 286.90 126.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.33 126.75 Td (2013.Our ) Tj ET Q q 0 0 0 rg BT 346.49 126.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 370.59 126.75 Td (development ) Tj ET Q q 0 0 0 rg BT 426.34 126.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 457.09 126.75 Td (budget ) Tj ET Q q 0 0 0 rg BT 488.41 126.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.83 126.75 Td (investing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.92 114.75 Td ($25 ) Tj ET Q q 0 0 0 rg BT 127.59 114.75 Td (million ) Tj ET Q q 0 0 0 rg BT 159.15 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 169.59 114.75 Td (this ) Tj ET Q q 0 0 0 rg BT 186.70 114.75 Td (field ) Tj ET Q q 0 0 0 rg BT 207.69 114.75 Td (primarily ) Tj ET Q q 0 0 0 rg BT 247.57 114.75 Td (related 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Td (during ) Tj ET Q q 0 0 0 rg BT 216.40 102.75 Td (2017.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.62 702.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 189.63 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 191.51 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 200.06 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 214.15 702.60 Td (lar) Tj ET Q q 0 0 0 rg BT 224.52 702.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 242.51 702.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 279.37 702.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 301.25 702.60 Td (property ) Tj ET Q q 0 0 0 rg BT 337.00 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 353.88 702.60 Td (we ) Tj ET Q q 0 0 0 rg BT 367.42 702.60 Td (own ) Tj ET Q q 0 0 0 rg BT 386.51 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.83 702.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 440.80 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 456.01 702.60 Td (lar) Tj ET Q q 0 0 0 rg BT 466.38 702.60 Td (gest ) Tj ET Q q 0 0 0 rg BT 484.36 702.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 526.79 702.60 Td (property) Tj ET Q q 0 0 0 rg BT 560.01 702.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (contributing ) Tj ET Q q 0 0 0 rg BT 100.96 690.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.30 690.60 Td (26%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.63 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 182.21 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 193.11 690.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.02 690.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.02 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 231.60 690.60 Td (total ) Tj ET Q q 0 0 0 rg BT 251.95 690.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 300.35 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.75 690.60 Td (The ) Tj ET Q q 0 0 0 rg BT 320.87 690.60 Td (field ) Tj ET Q q 0 0 0 rg BT 341.77 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 351.02 690.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 390.81 690.60 Td (located ) Tj ET Q q 0 0 0 rg BT 422.26 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 432.62 690.60 Td (Montana ) Tj ET Q q 0 0 0 rg BT 470.74 690.60 Td (but ) Tj ET Q q 0 0 0 rg BT 486.10 690.60 Td (covers ) Tj ET Q q 0 0 0 rg BT 514.78 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 535.69 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 542.70 690.60 Td (lar) Tj ET Q q 0 0 0 rg BT 553.07 690.60 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (area ) Tj ET Q q 0 0 0 rg BT 69.09 678.60 Td (\(approximately ) Tj ET Q q 0 0 0 rg BT 133.13 678.60 Td (126 ) Tj ET Q q 0 0 0 rg BT 151.07 678.60 Td (miles\) ) Tj ET Q q 0 0 0 rg BT 179.01 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 196.95 678.60 Td (it ) Tj ET Q q 0 0 0 rg BT 205.46 678.60 Td (also ) Tj ET Q q 0 0 0 rg BT 224.51 678.60 Td (extends ) Tj ET Q q 0 0 0 rg BT 258.00 678.60 Td (into ) Tj ET Q q 0 0 0 rg BT 276.51 678.60 Td (North ) Tj ET Q q 0 0 0 rg BT 302.78 678.60 Td (Dakota.CCA) Tj ET Q q 0 0 0 rg BT 359.17 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 362.11 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.73 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 379.11 678.60 Td (series ) Tj ET Q q 0 0 0 rg BT 404.83 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 416.10 678.60 Td (14 ) Tj ET Q q 0 0 0 rg BT 429.05 678.60 Td (dif) Tj ET Q q 0 0 0 rg BT 439.98 678.60 Td (ferent ) Tj ET Q q 0 0 0 rg BT 466.24 678.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 506.95 678.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 532.93 678.60 Td (each ) Tj ET Q q 0 0 0 rg BT 554.19 678.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 77.08 666.60 Td (could ) Tj ET Q q 0 0 0 rg BT 102.43 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 115.01 666.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 161.46 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 169.04 666.60 Td (field ) Tj ET Q q 0 0 0 rg BT 190.50 666.60 Td (by ) Tj ET Q q 0 0 0 rg BT 203.64 666.60 Td (itself.) Tj ET Q q 0 0 0 rg BT 230.96 666.60 Td (W) Tj ET Q q 0 0 0 rg BT 239.60 666.60 Td (e ) Tj ET Q q 0 0 0 rg BT 247.17 666.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 284.74 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 301.20 666.60 Td (initial ) Tj ET Q q 0 0 0 rg BT 327.67 666.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 360.25 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.16 666.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 391.17 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 394.31 666.60 Td (as ) Tj ET Q q 0 0 0 rg BT 405.78 666.60 Td (part ) Tj ET Q q 0 0 0 rg BT 424.46 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 435.93 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.29 666.60 Td (Encore ) Tj ET Q q 0 0 0 rg BT 482.74 666.60 Td (mer) Tj ET Q q 0 0 0 rg BT 498.11 666.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 514.02 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.93 666.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 548.07 666.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 86.80 654.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 129.66 654.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 165.86 654.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 184.28 654.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 208.72 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 210.96 654.60 Td (Acquisition\) ) Tj ET Q q 0 0 0 rg BT 268.27 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 290.58 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 297.89 654.60 Td (wholly-owned ) Tj ET Q q 0 0 0 rg BT 358.53 654.60 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 402.51 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.72 654.60 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 478.26 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 488.91 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.00 654.60 Td (first ) Tj ET Q q 0 0 0 rg BT 522.98 654.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 554.17 654.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (2013 ) Tj ET Q q 0 0 0 rg BT 71.58 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 85.32 642.60 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 104.90 642.60 Td (billion, ) Tj ET Q q 0 0 0 rg BT 135.59 642.60 Td (adding ) Tj ET Q q 0 0 0 rg BT 164.89 642.60 Td (42.2 ) Tj ET Q q 0 0 0 rg BT 184.46 642.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 224.33 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 234.74 642.60 Td (incremental ) Tj ET Q q 0 0 0 rg BT 284.01 642.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 313.86 642.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 348.70 642.60 Td (at ) Tj ET Q q 0 0 0 rg BT 357.99 642.60 Td (that ) Tj ET Q q 0 0 0 rg BT 375.07 642.60 Td (date. ) Tj ET Q q 0 0 0 rg BT 396.30 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.38 642.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 444.35 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 465.87 642.60 Td (CCA, ) Tj ET Q q 0 0 0 rg BT 491.01 642.60 Td (net ) Tj ET Q q 0 0 0 rg BT 505.30 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 515.16 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 530.57 642.60 Td (interest, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.42 630.60 Td (15,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.92 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.77 630.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 149.38 630.60 Td (during ) Tj ET Q q 0 0 0 rg BT 178.33 630.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.39 630.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 220.67 630.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.99 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 251.83 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.00 630.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.00 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 288.34 630.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 330.60 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.22 630.60 Td (production ) Tj ET Q q 0 0 0 rg BT 387.39 630.60 Td (during ) Tj ET Q q 0 0 0 rg BT 416.34 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.40 630.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 458.67 630.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 489.83 630.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.00 630.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.84 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 535.01 630.60 Td (17,875 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (BOE/d. ) Tj ET Q q 0 0 0 rg BT 82.04 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 84.14 618.60 Td (The ) Tj ET Q q 0 0 0 rg BT 101.96 618.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 151.42 618.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 181.46 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 216.48 618.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 259.84 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 279.88 618.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 299.89 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.15 618.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.85 618.60 Td (80.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.35 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 343.61 618.60 Td (MMBOE, ) Tj ET Q q 0 0 0 rg BT 386.16 618.60 Td (net ) Tj ET Q q 0 0 0 rg BT 400.64 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 410.68 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.28 618.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 460.48 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 471.07 618.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.67 618.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.02 618.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.02 618.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 87.51 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 90.24 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 99.64 594.60 Td (located ) Tj ET Q q 0 0 0 rg BT 131.24 594.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 191.73 594.60 Td (1) Tj ET Q q 0 0 0 rg BT 196.36 594.60 Td (10 ) Tj ET Q q 0 0 0 rg BT 209.09 594.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 233.49 594.60 Td (north ) Tj ET Q q 0 0 0 rg BT 257.33 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 268.39 594.60 Td (Bell ) Tj ET Q q 0 0 0 rg BT 287.79 594.60 Td (Creek ) Tj ET Q q 0 0 0 rg BT 314.39 594.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 340.18 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 357.35 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 371.74 594.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 410.57 594.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 439.39 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.90 594.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 493.18 594.60 Td (connect ) Tj ET Q q 0 0 0 rg BT 527.00 594.60 Td (this ) Tj ET Q q 0 0 0 rg BT 544.18 594.60 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.16 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 74.36 582.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 117.88 582.60 Td (Pipeline.In ) Tj ET Q q 0 0 0 rg BT 168.36 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 182.45 582.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 210.71 582.60 Td (we ) Tj ET Q q 0 0 0 rg BT 224.24 582.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 243.34 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 252.99 582.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 287.08 582.60 Td (minor ) Tj ET Q q 0 0 0 rg BT 312.84 582.60 Td (conformance ) Tj ET Q q 0 0 0 rg BT 366.91 582.60 Td (work ) Tj ET Q q 0 0 0 rg BT 389.34 582.60 Td (at ) Tj ET Q q 0 0 0 rg BT 398.44 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 412.53 582.60 Td (field ) Tj ET Q q 0 0 0 rg BT 432.73 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 442.39 582.60 Td (minimize ) Tj ET Q q 0 0 0 rg BT 482.03 582.60 Td (production ) Tj ET Q q 0 0 0 rg BT 527.24 582.60 Td (declines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.88 570.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 92.15 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.64 570.60 Td (which ) Tj ET Q q 0 0 0 rg BT 129.24 570.60 Td (will ) Tj ET Q q 0 0 0 rg BT 146.95 570.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 177.99 570.60 Td (on ) Tj ET Q q 0 0 0 rg BT 190.15 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 216.19 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 228.90 570.60 Td (prices. ) Tj ET Q q 0 0 0 rg BT 257.44 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.60 570.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 277.31 570.60 Td (current ) Tj ET Q q 0 0 0 rg BT 307.79 570.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 327.16 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 340.98 570.60 Td (initiating ) Tj ET Q q 0 0 0 rg BT 379.25 570.60 Td (a ) Tj ET Q q 0 0 0 rg BT 385.85 570.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 399.74 569.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.99 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 405.15 570.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 428.42 570.60 Td (at ) Tj ET Q q 0 0 0 rg BT 437.79 570.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 457.80 570.60 Td ( ) Tj ET Q q 0 0 0 rg BT 459.96 570.60 Td (is ) Tj ET Q q 0 0 0 rg BT 468.79 570.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 510.94 570.60 Td (several ) Tj ET Q q 0 0 0 rg BT 541.41 570.60 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 70.92 558.60 Td (now) Tj ET Q q 0 0 0 rg BT 87.50 558.60 Td (, ) Tj ET Q q 0 0 0 rg BT 91.98 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.18 558.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 134.28 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.60 558.60 Td (which ) Tj ET Q q 0 0 0 rg BT 171.02 558.60 Td (may ) Tj ET Q q 0 0 0 rg BT 190.22 558.60 Td (change ) Tj ET Q q 0 0 0 rg BT 220.52 558.60 Td (depending ) Tj ET Q q 0 0 0 rg BT 264.16 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 276.15 558.60 Td (future ) Tj ET Q q 0 0 0 rg BT 302.01 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 314.55 558.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 342.91 558.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 377.11 558.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 420.75 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 437.18 558.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 469.15 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 485.57 558.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 532.54 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 542.86 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 556.75 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 558.60 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 558.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (In ) Tj ET Q q 0 0 0 rg BT 60.51 546.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 95.96 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.42 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.31 546.60 Td (future ) Tj ET Q q 0 0 0 rg BT 147.87 546.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 171.65 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.11 546.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 205.90 546.60 Td (CCA) Tj ET Q q 0 0 0 rg BT 225.91 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.58 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 249.04 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 262.93 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.18 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 271.36 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 285.70 546.60 Td (are ) Tj ET Q q 0 0 0 rg BT 300.58 546.60 Td (also ) Tj ET Q q 0 0 0 rg BT 319.37 546.60 Td (creating ) Tj ET Q q 0 0 0 rg BT 354.25 546.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 378.04 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 392.38 546.60 Td (exploitation ) Tj ET Q q 0 0 0 rg BT 442.82 546.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 498.27 546.60 Td (that ) Tj ET Q q 0 0 0 rg BT 515.95 546.60 Td (exist ) Tj ET Q q 0 0 0 rg BT 537.51 546.60 Td (across ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.75 534.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 88.60 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 91.63 534.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 110.21 534.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 133.24 534.60 Td (development ) Tj ET Q q 0 0 0 rg BT 187.92 534.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 217.60 534.60 Td (budget ) Tj ET Q q 0 0 0 rg BT 247.84 534.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 284.20 534.60 Td (investing ) Tj ET Q q 0 0 0 rg BT 323.89 534.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 384.68 534.60 Td ($25 ) Tj ET Q q 0 0 0 rg BT 402.71 534.60 Td (million ) Tj ET Q q 0 0 0 rg BT 434.63 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.43 534.60 Td (this ) Tj ET Q q 0 0 0 rg BT 462.91 534.60 Td (field ) Tj ET Q q 0 0 0 rg BT 484.26 534.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 524.51 534.60 Td (related ) Tj ET Q q 0 0 0 rg BT 554.74 534.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (field ) Tj ET Q q 0 0 0 rg BT 70.33 522.60 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 126.69 522.60 Td (upgrades.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 98.77 498.60 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.93 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 125.33 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 127.72 498.60 Td (In ) Tj ET Q q 0 0 0 rg BT 138.44 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.05 498.60 Td (second ) Tj ET Q q 0 0 0 rg BT 183.22 498.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.93 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 224.65 498.60 Td (201) Tj ET Q q 0 0 0 rg BT 239.28 498.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 249.17 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 263.23 498.60 Td (entered ) Tj ET Q q 0 0 0 rg BT 295.05 498.60 Td (into ) Tj ET Q q 0 0 0 rg BT 313.00 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 319.83 498.60 Td (farm-in ) Tj ET Q q 0 0 0 rg BT 352.21 498.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 398.74 498.60 Td (under ) Tj ET Q q 0 0 0 rg BT 423.91 498.60 Td (which ) Tj ET Q q 0 0 0 rg BT 450.74 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 464.79 498.60 Td (obtained ) Tj ET Q q 0 0 0 rg BT 501.62 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 508.45 498.60 Td (65% ) Tj ET Q q 0 0 0 rg BT 529.18 498.60 Td (working ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.54 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 93.93 486.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 124.74 486.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 151.41 486.60 Td (located ) Tj ET Q q 0 0 0 rg BT 183.89 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.28 486.60 Td (Natrona ) Tj ET Q q 0 0 0 rg BT 231.09 486.60 Td (County) Tj ET Q q 0 0 0 rg BT 259.89 486.60 Td (, ) Tj ET Q q 0 0 0 rg BT 265.74 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 274.58 486.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 311.24 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 322.63 486.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 363.99 486.60 Td (for ) Tj ET Q q 0 0 0 rg BT 379.26 486.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 427.30 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 443.13 486.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 473.94 486.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 498.11 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 512.00 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.25 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 518.86 486.60 Td (flood. ) Tj ET Q q 0 0 0 rg BT 546.07 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.42 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 486.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 93.76 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 100.81 474.60 Td (three-mile ) Tj ET Q q 0 0 0 rg BT 144.50 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 158.40 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.65 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 164.25 474.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 199.08 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 209.46 474.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 239.83 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 253.73 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.98 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 259.58 474.60 Td (from ) Tj ET Q q 0 0 0 rg BT 281.63 474.60 Td (an ) Tj ET Q q 0 0 0 rg BT 293.68 474.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 327.95 474.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.85 473.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.09 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.70 474.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 382.52 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 392.91 474.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 422.73 474.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 445.89 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 456.28 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 471.11 474.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 498.15 474.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.08 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 474.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 565.02 474.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (During ) Tj ET Q q 0 0 0 rg BT 80.75 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 95.88 462.60 Td (third ) Tj ET Q q 0 0 0 rg BT 117.68 462.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 148.91 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.15 462.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 185.57 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 200.70 462.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 242.50 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.86 462.60 Td (its ) Tj ET Q q 0 0 0 rg BT 272.22 462.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 293.47 462.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 326.37 462.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 357.60 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 368.29 462.60 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 398.42 462.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 421.89 462.60 Td (reached ) Tj ET Q q 0 0 0 rg BT 455.89 462.60 Td (an ) Tj ET Q q 0 0 0 rg BT 468.24 462.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 512.80 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 523.49 462.60 Td (revise ) Tj ET Q q 0 0 0 rg BT 550.28 462.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 69.99 450.60 Td (venture ) Tj ET Q q 0 0 0 rg BT 102.12 450.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 154.24 450.60 Td (between ) Tj ET Q q 0 0 0 rg BT 189.71 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.08 450.60 Td (parties ) Tj ET Q q 0 0 0 rg BT 232.88 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 246.69 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 261.06 450.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 302.65 450.60 Td (development ) Tj ET Q q 0 0 0 rg BT 356.45 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.93 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.30 450.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 404.27 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 406.27 450.60 Td (The ) Tj ET Q q 0 0 0 rg BT 423.97 450.60 Td (revised ) Tj ET Q q 0 0 0 rg BT 454.99 450.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 498.79 450.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 535.38 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 549.19 450.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (partner ) Tj ET Q q 0 0 0 rg BT 81.06 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 92.08 438.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 113.65 438.60 Td (up ) Tj ET Q q 0 0 0 rg BT 126.89 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.91 438.60 Td ($55 ) Tj ET Q q 0 0 0 rg BT 156.15 438.60 Td (million ) Tj ET Q q 0 0 0 rg BT 188.28 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.85 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 215.31 438.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 259.09 438.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 300.66 438.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 330.55 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.57 438.60 Td (complete ) Tj ET Q q 0 0 0 rg BT 381.46 438.60 Td (development ) Tj ET Q q 0 0 0 rg BT 436.35 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.92 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 463.38 438.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 494.94 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 512.62 438.60 Td (fieldwork ) Tj ET Q q 0 0 0 rg BT 554.74 438.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.04 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 102.48 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 108.70 426.60 Td (14% ) Tj ET Q q 0 0 0 rg BT 128.82 426.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 156.15 426.60 Td (working ) Tj ET Q q 0 0 0 rg BT 191.26 426.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.48 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 238.70 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.92 426.60 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 312.25 426.60 Td (sharing ) Tj ET Q q 0 0 0 rg BT 343.47 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.58 426.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 387.01 426.60 Td (from ) Tj ET Q q 0 0 0 rg BT 408.24 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.24 426.60 Td (first ) Tj ET Q q 0 0 0 rg BT 440.13 426.60 Td (2 ) Tj ET Q q 0 0 0 rg BT 446.91 426.60 Td (million ) Tj ET Q q 0 0 0 rg BT 477.59 426.60 Td (barrels ) Tj ET Q q 0 0 0 rg BT 506.58 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 516.69 426.60 Td (production. ) Tj ET Q q 0 0 0 rg BT 565.02 426.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (As ) Tj ET Q q 0 0 0 rg BT 63.22 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 70.26 414.60 Td (result ) Tj ET Q q 0 0 0 rg BT 95.08 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 106.01 414.60 Td (this ) Tj ET Q q 0 0 0 rg BT 123.06 414.60 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 169.80 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 185.74 414.60 Td (working ) Tj ET Q q 0 0 0 rg BT 221.67 414.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.70 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 264.08 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.90 414.60 Td (field ) Tj ET Q q 0 0 0 rg BT 299.83 414.60 Td (was ) Tj ET Q q 0 0 0 rg BT 317.99 414.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 352.23 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 374.28 414.60 Td (65% ) Tj ET Q q 0 0 0 rg BT 395.21 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.59 414.60 Td (51%. ) Tj ET Q q 0 0 0 rg BT 429.02 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.44 414.60 Td (This ) Tj ET Q q 0 0 0 rg BT 451.82 414.60 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 504.39 414.60 Td (will ) Tj ET Q q 0 0 0 rg BT 522.55 414.60 Td (accelerate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.84 402.60 Td (remaining ) Tj ET Q q 0 0 0 rg BT 108.51 402.60 Td (development ) Tj ET Q q 0 0 0 rg BT 163.28 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.74 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.08 402.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 221.52 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.08 402.60 Td (fieldwork, ) Tj ET Q q 0 0 0 rg BT 283.58 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 301.15 402.60 Td (we ) Tj ET Q q 0 0 0 rg BT 315.93 402.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 355.15 402.60 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 397.14 402.60 Td (first ) Tj ET Q q 0 0 0 rg BT 416.37 402.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 448.37 402.60 Td (production ) Tj ET Q q 0 0 0 rg BT 494.82 402.60 Td (by ) Tj ET Q q 0 0 0 rg BT 507.94 402.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.28 402.60 Td (middle ) Tj ET Q q 0 0 0 rg BT 554.18 402.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 366.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 105.02 366.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 131.44 366.60 Td (Field. ) Tj ET Q q 0 0 0 rg BT 158.15 366.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.68 366.60 Td (W) Tj ET Q q 0 0 0 rg BT 169.32 366.60 Td (e ) Tj ET Q q 0 0 0 rg BT 176.30 366.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 213.26 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 229.13 366.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 261.10 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 271.42 366.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 306.16 366.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 330.91 366.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 354.01 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 364.32 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 379.08 366.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 406.05 366.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 436.91 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 447.78 366.60 Td (2012. ) Tj ET Q q 0 0 0 rg BT 472.81 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.17 366.60 Td (The ) Tj ET Q q 0 0 0 rg BT 493.25 366.60 Td (field ) Tj ET Q q 0 0 0 rg BT 514.12 366.60 Td (is ) Tj ET Q q 0 0 0 rg BT 523.33 366.60 Td (located ) Tj ET Q q 0 0 0 rg BT 554.74 366.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 354.60 Td (Powder ) Tj ET Q q 0 0 0 rg BT 96.40 354.60 Td (River ) Tj ET Q q 0 0 0 rg BT 120.69 354.60 Td (Basin ) Tj ET Q q 0 0 0 rg BT 145.54 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 155.93 354.60 Td (northeastern ) Tj ET Q q 0 0 0 rg BT 207.28 354.60 Td (W) Tj ET Q q 0 0 0 rg BT 216.11 354.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 251.24 354.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 311.06 354.60 Td (12 ) Tj ET Q q 0 0 0 rg BT 323.13 354.60 Td (miles ) Tj ET Q q 0 0 0 rg BT 346.87 354.60 Td (from ) Tj ET Q q 0 0 0 rg BT 368.37 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 383.77 354.60 Td (Greencore ) Tj ET Q q 0 0 0 rg BT 427.47 354.60 Td (Pipeline. ) Tj ET Q q 0 0 0 rg BT 464.81 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.88 354.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 501.16 354.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 525.44 354.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 548.06 354.60 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.12 342.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 120.20 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 155.26 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.89 342.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 225.96 342.60 Td (3.2 ) Tj ET Q q 0 0 0 rg BT 240.76 342.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 280.85 342.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.37 342.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 348.75 342.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.75 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 373.56 342.60 Td (net ) Tj ET Q q 0 0 0 rg BT 388.08 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 398.16 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 413.79 342.60 Td (interest, ) Tj ET Q q 0 0 0 rg BT 448.03 342.60 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 462.83 342.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 502.92 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 513.56 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 540.30 342.60 Td (relate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.30 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.54 330.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 106.33 330.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.68 330.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 166.26 330.60 Td (Big ) Tj ET Q q 0 0 0 rg BT 183.73 330.60 Td (Geor) Tj ET Q q 0 0 0 rg BT 203.54 330.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 216.00 330.60 Td (coal ) Tj ET Q q 0 0 0 rg BT 235.68 330.60 Td (zone.During ) Tj ET Q q 0 0 0 rg BT 293.41 330.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.65 330.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 336.11 330.60 Td (quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.43 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.45 330.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.81 330.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.81 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 404.33 330.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 454.56 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 500.91 330.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 540.01 330.60 Td (1,665 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 82.71 318.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 125.07 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.78 318.60 Td (2,212 ) Tj ET Q q 0 0 0 rg BT 161.22 318.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 191.93 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.64 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.80 318.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 245.17 318.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 276.42 318.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.68 318.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.68 318.60 Td (. ) Tj ET Q q 0 0 0 rg BT 313.12 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 315.84 318.60 Td (W) Tj ET Q q 0 0 0 rg BT 324.48 318.60 Td (e ) Tj ET Q q 0 0 0 rg BT 331.85 318.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 383.66 318.60 Td (completed ) Tj ET Q q 0 0 0 rg BT 428.25 318.60 Td (5 ) Tj ET Q q 0 0 0 rg BT 436.18 318.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 460.23 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.94 318.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 506.08 318.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 531.23 318.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 554.72 318.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (2014; ) Tj ET Q q 0 0 0 rg BT 74.32 306.60 Td (however) Tj ET Q q 0 0 0 rg BT 108.35 306.60 Td (, ) Tj ET Q q 0 0 0 rg BT 112.90 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 126.60 306.60 Td (have ) Tj ET Q q 0 0 0 rg BT 147.52 306.60 Td (temporarily ) Tj ET Q q 0 0 0 rg BT 196.22 306.60 Td (suspended ) Tj ET Q q 0 0 0 rg BT 239.92 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.19 306.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 303.43 306.60 Td (development ) Tj ET Q q 0 0 0 rg BT 357.13 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.50 306.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 401.75 306.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 426.01 306.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 448.61 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 458.44 306.60 Td (light ) Tj ET Q q 0 0 0 rg BT 478.82 306.60 Td (of ) Tj ET Q q 0 0 0 rg BT 489.19 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.45 306.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 529.92 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 542.52 306.60 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 105.20 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 107.67 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 116.31 294.60 Td (e ) Tj ET Q q 0 0 0 rg BT 123.41 294.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 154.95 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.83 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 183.05 294.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 221.25 294.60 Td (characteristics ) Tj ET Q q 0 0 0 rg BT 281.10 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 292.09 294.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 326.96 294.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 351.83 294.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 375.05 294.60 Td (make ) Tj ET Q q 0 0 0 rg BT 399.37 294.60 Td (it ) Tj ET Q q 0 0 0 rg BT 407.59 294.60 Td (well ) Tj ET Q q 0 0 0 rg BT 427.47 294.60 Td (suited ) Tj ET Q q 0 0 0 rg BT 454.02 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 468.34 294.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 482.23 293.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 485.48 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.14 294.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 510.81 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 521.25 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.13 294.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 565.00 294.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 282.60 Td (e ) Tj ET Q q 0 0 0 rg BT 64.56 282.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 102.63 282.60 Td (plan ) Tj ET Q q 0 0 0 rg BT 121.83 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 131.58 282.60 Td (initiate ) Tj ET Q q 0 0 0 rg BT 161.33 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 167.75 282.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.64 281.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.89 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 186.87 282.60 Td (flood ) Tj ET Q q 0 0 0 rg BT 209.96 282.60 Td (at ) Tj ET Q q 0 0 0 rg BT 219.16 282.60 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 253.35 282.60 Td (Draw ) Tj ET Q q 0 0 0 rg BT 277.54 282.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 300.07 282.60 Td (several ) Tj ET Q q 0 0 0 rg BT 330.37 282.60 Td (years ) Tj ET Q q 0 0 0 rg BT 353.45 282.60 Td (from ) Tj ET Q q 0 0 0 rg BT 374.87 282.60 Td (now) Tj ET Q q 0 0 0 rg BT 391.44 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 395.92 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.12 282.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 438.21 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.52 282.60 Td (which ) Tj ET Q q 0 0 0 rg BT 474.94 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 483.59 282.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 526.66 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 538.64 282.60 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.56 270.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 246.60 Td (Non-T) Tj ET Q q 0 0 0 rg BT 104.23 246.60 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.16 246.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 151.99 246.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 162.36 246.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td (Despite ) Tj ET Q q 0 0 0 rg BT 99.75 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.67 222.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 149.26 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 159.29 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 174.33 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 186.59 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.73 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 232.20 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 247.23 222.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 288.92 222.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 328.96 222.60 Td (above ) Tj ET Q q 0 0 0 rg BT 354.54 222.60 Td (consisting ) Tj ET Q q 0 0 0 rg BT 396.80 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.83 222.60 Td (either ) Tj ET Q q 0 0 0 rg BT 431.30 222.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 464.67 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 474.70 222.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 508.06 222.60 Td (future ) Tj ET Q q 0 0 0 rg BT 533.64 222.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (floods, ) Tj ET Q q 0 0 0 rg BT 79.44 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 93.55 210.60 Td (do ) Tj ET Q q 0 0 0 rg BT 105.99 210.60 Td (also ) Tj ET Q q 0 0 0 rg BT 124.54 210.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 159.19 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.19 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.07 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 219.28 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 235.05 210.60 Td (either ) Tj ET Q q 0 0 0 rg BT 260.26 210.60 Td (from ) Tj ET Q q 0 0 0 rg BT 282.14 210.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 306.80 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.02 210.60 Td (both ) Tj ET Q q 0 0 0 rg BT 337.24 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 353.01 210.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 373.79 210.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 399.01 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 415.89 210.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 444.44 210.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 485.77 210.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 517.65 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 535.09 210.60 Td (are ) Tj ET Q q 0 0 0 rg BT 549.74 210.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (amenable ) Tj ET Q q 0 0 0 rg BT 90.77 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 101.50 198.60 Td (EOR ) Tj ET Q q 0 0 0 rg BT 124.46 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 135.74 198.60 Td (from ) Tj ET Q q 0 0 0 rg BT 158.14 198.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 192.18 198.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 234.57 198.60 Td (\(within ) Tj ET Q q 0 0 0 rg BT 266.41 198.60 Td (an ) Tj ET Q q 0 0 0 rg BT 278.81 198.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 313.43 198.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 345.25 198.60 Td (field\) ) Tj ET Q q 0 0 0 rg BT 369.86 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.81 198.60 Td (are ) Tj ET Q q 0 0 0 rg BT 402.98 198.60 Td (not ) Tj ET Q q 0 0 0 rg BT 418.71 198.60 Td (amenable ) Tj ET Q q 0 0 0 rg BT 459.98 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 470.71 198.60 Td (EOR. ) Tj ET Q q 0 0 0 rg BT 496.17 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 499.12 198.60 Td (For ) Tj ET Q q 0 0 0 rg BT 515.97 198.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 555.30 198.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 88.74 186.60 Td (g ) Tj ET Q q 0 0 0 rg BT 95.17 186.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 119.65 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 132.74 186.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 166.37 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 195.56 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 210.32 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 231.18 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.82 186.60 Td (Selma ) Tj ET Q q 0 0 0 rg BT 271.24 186.60 Td (Chalk ) Tj ET Q q 0 0 0 rg BT 296.56 186.60 Td (reservoir) Tj ET Q q 0 0 0 rg BT 331.69 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 335.62 186.60 Td (which ) Tj ET Q q 0 0 0 rg BT 361.48 186.60 Td (is ) Tj ET Q q 0 0 0 rg BT 369.58 186.60 Td (separate ) Tj ET Q q 0 0 0 rg BT 403.76 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 424.62 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 438.26 186.60 Td (Christmas ) Tj ET Q q 0 0 0 rg BT 480.25 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.11 186.60 Td (Eutaw ) Tj ET Q q 0 0 0 rg BT 523.08 186.60 Td (reservoirs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 88.54 174.60 Td (being ) Tj ET Q q 0 0 0 rg BT 113.69 174.60 Td (flooded ) Tj ET Q q 0 0 0 rg BT 147.18 174.60 Td (with ) Tj ET Q q 0 0 0 rg BT 167.90 174.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 181.79 173.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.04 174.60 Td (. ) Tj ET Q q 0 0 0 rg BT 190.49 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 193.43 174.60 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 241.38 174.60 Td (production ) Tj ET Q q 0 0 0 rg BT 287.64 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 310.02 174.60 Td (these ) Tj ET Q q 0 0 0 rg BT 333.51 174.60 Td (other ) Tj ET Q q 0 0 0 rg BT 357.00 174.60 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 407.14 174.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 450.07 174.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 480.23 174.60 Td (2,035 ) Tj ET Q q 0 0 0 rg BT 505.67 174.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 536.39 174.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 162.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 91.16 162.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 121.97 162.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.80 162.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.80 162.60 Td (, ) Tj ET Q q 0 0 0 rg BT 157.80 162.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 199.72 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 210.00 162.60 Td (3,444 ) Tj ET Q q 0 0 0 rg BT 235.00 162.60 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 265.28 162.60 Td (during ) Tj ET Q q 0 0 0 rg BT 293.89 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.61 162.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 335.54 162.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 366.36 162.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.19 162.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.19 162.60 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 150.60 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 67.29 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.24 138.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 93.40 138.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 115.91 138.60 Td (ACREAGE, ) Tj ET Q q 0 0 0 rg BT 170.92 138.60 Td (PRODUCTIVE ) Tj ET Q q 0 0 0 rg BT 240.46 138.60 Td (WELLS ) Tj ET Q q 0 0 0 rg BT 277.98 138.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 302.15 138.60 Td (DRILLING ) Tj ET Q q 0 0 0 rg BT 354.66 138.60 Td (ACTIVITY) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td (In ) Tj ET Q q 0 0 0 rg BT 77.80 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 91.99 114.60 Td (data ) Tj ET Q q 0 0 0 rg BT 110.61 114.60 Td (below) Tj ET Q q 0 0 0 rg BT 134.40 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 138.87 114.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 170.83 114.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 213.33 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.52 114.60 Td (total ) Tj ET Q q 0 0 0 rg BT 247.26 114.60 Td (acres ) Tj ET Q q 0 0 0 rg BT 269.77 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 280.07 114.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.15 114.60 Td (in ) Tj ET Q q 0 0 0 rg BT 312.89 114.60 Td (which ) Tj ET Q q 0 0 0 rg BT 339.30 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 352.93 114.60 Td (own ) Tj ET Q q 0 0 0 rg BT 372.12 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 378.53 114.60 Td (working ) Tj ET Q q 0 0 0 rg BT 413.83 114.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 445.23 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 461.64 114.60 Td (net ) Tj ET Q q 0 0 0 rg BT 484.70 114.60 Td (represents ) Tj ET Q q 0 0 0 rg BT 527.21 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 114.60 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (acres ) Tj ET Q q 0 0 0 rg BT 73.08 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 84.46 102.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 108.61 102.60 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 152.77 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 165.81 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 182.19 102.60 Td (working ) Tj ET Q q 0 0 0 rg BT 218.57 102.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 251.04 102.60 Td (percentage.For ) Tj ET Q q 0 0 0 rg BT 318.78 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.05 102.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 358.20 102.60 Td (that ) Tj ET Q q 0 0 0 rg BT 376.24 102.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 411.49 102.60 Td (both ) Tj ET Q q 0 0 0 rg BT 432.32 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 445.92 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 102.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 482.28 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 497.54 102.60 Td (well ) Tj ET Q q 0 0 0 rg BT 517.81 102.60 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 102.60 Td (typically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (classified ) Tj ET Q q 0 0 0 rg BT 89.76 90.60 Td (as ) Tj ET Q q 0 0 0 rg BT 100.59 90.60 Td (an ) Tj ET Q q 0 0 0 rg BT 112.53 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 125.59 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 136.42 90.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.68 90.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.51 90.60 Td (well ) Tj ET Q q 0 0 0 rg BT 202.23 90.60 Td (based ) Tj ET Q q 0 0 0 rg BT 227.50 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 240.00 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 254.71 90.60 Td (ratio ) Tj ET Q q 0 0 0 rg BT 275.54 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 286.37 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.43 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 309.71 90.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.97 90.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.80 90.60 Td (production.) Tj ET Q endstream endobj 37 0 obj <> endobj 38 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (18) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 726.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 726.75 Td (Gas ) Tj ET Q q 0 0 0 rg BT 102.58 726.75 Td (Acr) Tj ET Q q 0 0 0 rg BT 118.49 726.75 Td (eage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 702.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 702.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 702.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 702.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 702.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 702.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 237.16 702.75 Td (position ) Tj ET Q q 0 0 0 rg BT 271.88 702.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.60 702.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 340.19 702.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.19 702.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 666.25 156.00 -15.00 re f 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ET q 0 0 0 rg BT 525.65 640.92 Td (373,377) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 625.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.65 625.92 Td (570,358) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.65 625.92 Td (497,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.65 625.92 Td (474,735) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.65 625.92 Td (91,753) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.10 625.92 Td (1,045,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 625.92 Td (589,178) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 597.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.53 597.75 Td (percentage ) Tj ET Q q 0 0 0 rg BT 133.31 597.75 Td (of ) Tj ET Q q 0 0 0 rg BT 145.13 597.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.94 597.75 Td (net ) Tj ET Q q 0 0 0 rg BT 177.64 597.75 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 232.22 597.75 Td (acreage ) Tj ET Q q 0 0 0 rg BT 266.22 597.75 Td (that ) Tj ET Q q 0 0 0 rg BT 284.70 597.75 Td (is ) Tj ET Q q 0 0 0 rg BT 294.85 597.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 326.66 597.75 Td (to ) Tj ET Q q 0 0 0 rg BT 337.92 597.75 Td (expiration ) Tj ET Q q 0 0 0 rg BT 381.95 597.75 Td (over ) Tj ET Q q 0 0 0 rg BT 403.20 597.75 Td (the ) Tj ET Q q 0 0 0 rg BT 418.90 597.75 Td (next ) Tj ET Q q 0 0 0 rg BT 439.60 597.75 Td (three ) Tj ET Q q 0 0 0 rg BT 463.07 597.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 490.15 597.75 Td (if ) Tj ET Q q 0 0 0 rg BT 499.74 597.75 Td (not ) Tj ET Q q 0 0 0 rg BT 516.00 597.75 Td (renewed, ) Tj ET Q q 0 0 0 rg BT 555.85 597.75 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 585.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.76 585.75 Td (2% ) Tj ET Q q 0 0 0 rg BT 125.59 585.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.87 585.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.87 585.75 Td (, ) Tj ET Q q 0 0 0 rg BT 160.87 585.75 Td (1) Tj ET Q q 0 0 0 rg BT 165.50 585.75 Td (1% ) Tj ET Q q 0 0 0 rg BT 181.33 585.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.60 585.75 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.60 585.75 Td ( ) Tj ET Q q 0 0 0 rg BT 214.10 585.75 Td (and ) Tj ET Q q 0 0 0 rg BT 231.04 585.75 Td (25% ) Tj ET Q q 0 0 0 rg BT 251.87 585.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.15 585.75 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.15 585.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 561.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 561.75 Td (oductive ) Tj ET Q q 0 0 0 rg BT 98.29 561.75 Td (W) Tj ET Q q 0 0 0 rg BT 107.74 561.75 Td (ells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 537.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 537.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 537.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.87 537.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.37 537.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.31 537.75 Td (our ) Tj ET Q q 0 0 0 rg BT 204.14 537.75 Td (gross ) Tj ET Q q 0 0 0 rg BT 227.75 537.75 Td (and ) Tj ET Q q 0 0 0 rg BT 244.69 537.75 Td (net ) Tj ET Q q 0 0 0 rg BT 259.40 537.75 Td (productive ) Tj ET Q q 0 0 0 rg BT 304.67 537.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 317.72 537.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.66 537.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.93 537.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.76 537.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 404.37 537.75 Td (as ) Tj ET Q q 0 0 0 rg BT 415.20 537.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.03 537.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 484.61 537.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.61 537.75 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 501.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 501.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 501.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 501.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 501.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 501.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 501.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 471.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 471.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 471.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 471.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 471.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 471.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 471.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 441.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 441.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 441.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 441.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 441.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 441.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 441.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 411.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 411.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 411.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 411.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 411.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 411.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 411.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 381.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 381.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 381.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 381.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 381.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 381.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 381.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 351.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 351.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 351.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 351.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 351.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 351.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 351.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 351.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 351.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 351.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 351.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 351.25 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 514.25 m 262 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 514.25 m 266 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 514.25 m 322 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 514.25 m 382 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 514.25 m 386 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 514.25 m 442 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 514.25 m 502 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 514.25 m 506 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 514.25 m 562 514.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 501.25 m 262 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 501.25 m 322 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 501.25 m 382 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 501.25 m 442 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 501.25 m 502 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 501.25 m 562 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 501.25 m 262 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 501.25 m 322 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 501.25 m 382 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 501.25 m 442 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 501.25 m 502 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 501.25 m 562 501.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 456.25 m 262 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 456.25 m 322 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 456.25 m 382 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 456.25 m 442 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 456.25 m 502 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 456.25 m 562 456.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 442.25 m 262 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 440.25 m 262 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 442.25 m 322 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 440.25 m 322 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 442.25 m 382 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 440.25 m 382 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 442.25 m 442 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 440.25 m 442 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 442.25 m 502 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 440.25 m 502 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 442.25 m 562 442.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 440.25 m 562 440.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 396.25 m 262 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 396.25 m 322 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 396.25 m 382 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 396.25 m 442 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 396.25 m 502 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 396.25 m 562 396.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 382.25 m 262 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 380.25 m 262 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 382.25 m 322 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 380.25 m 322 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 382.25 m 382 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 380.25 m 382 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 382.25 m 442 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 380.25 m 442 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 382.25 m 502 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 380.25 m 502 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 382.25 m 562 382.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 380.25 m 562 380.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 336.25 m 262 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 336.25 m 322 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 336.25 m 382 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 336.25 m 442 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 336.25 m 502 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 336.25 m 562 336.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 322.25 m 262 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 320.25 m 262 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 322.25 m 322 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 320.25 m 322 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 322.25 m 382 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 320.25 m 382 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 322.25 m 442 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 320.25 m 442 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 322.25 m 502 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 320.25 m 502 320.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 322.25 m 562 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 320.25 m 562 320.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 518.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 231.00 518.50 Td (Producing Oil Wells) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 336.90 518.50 Td (Producing Natural Gas Wells) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 518.50 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 505.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 505.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 505.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 505.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 505.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 505.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 505.50 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 490.93 Td (Operated wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.50 490.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 475.92 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 475.92 Td (1,262) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 475.92 Td (1,174) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 475.92 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 475.92 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 475.92 Td (1,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 475.92 Td (1,323) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 460.92 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 460.92 Td (945) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 460.92 Td (898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 460.92 Td (281) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 460.92 Td (144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 460.92 Td (1,226) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 460.92 Td (1,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 445.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 445.92 Td (2,207) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 445.92 Td (2,072) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 445.92 Td (442) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 445.92 Td (293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 445.92 Td (2,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 445.92 Td (2,365) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 430.93 Td (Non-operated wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 430.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 415.92 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 415.92 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 415.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 415.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 415.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 415.92 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 415.92 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 400.92 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 400.92 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 400.92 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 400.92 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 400.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 400.92 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 400.92 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 385.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 385.92 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.15 385.92 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 373.15 385.92 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.15 385.92 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 385.92 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 385.92 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 370.93 Td (Total wells) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 370.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 355.92 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 355.92 Td (1,300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 355.92 Td (1,176) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 355.92 Td (161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 355.92 Td (149) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 355.92 Td (1,461) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 355.92 Td (1,325) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 340.92 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 340.92 Td (967) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.15 340.92 Td (903) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 340.92 Td (284) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 340.92 Td (145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 340.92 Td (1,251) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 340.92 Td (1,048) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 325.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.65 325.92 Td (2,267) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.65 325.92 Td (2,079) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.15 325.92 Td (445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.15 325.92 Td (294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.65 325.92 Td (2,712) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 325.92 Td (2,373) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 297.75 Td (Drilling ) Tj ET Q q 0 0 0 rg BT 84.78 297.75 Td (Activity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 273.75 Td (The ) Tj ET Q q 0 0 0 rg BT 85.30 273.75 Td (following ) Tj ET Q q 0 0 0 rg BT 126.45 273.75 Td (table ) Tj ET Q q 0 0 0 rg BT 148.14 273.75 Td (sets ) Tj ET Q q 0 0 0 rg BT 165.40 273.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 187.09 273.75 Td (the ) Tj ET Q q 0 0 0 rg BT 201.57 273.75 Td (results ) Tj ET Q q 0 0 0 rg BT 229.93 273.75 Td (of ) Tj ET Q q 0 0 0 rg BT 240.52 273.75 Td (our ) Tj ET Q q 0 0 0 rg BT 256.11 273.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 287.81 273.75 Td (activities ) Tj ET Q q 0 0 0 rg BT 326.16 273.75 Td (over ) Tj ET Q q 0 0 0 rg BT 346.19 273.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.66 273.75 Td (last ) Tj ET Q q 0 0 0 rg BT 376.81 273.75 Td (three ) Tj ET Q q 0 0 0 rg BT 399.05 273.75 Td (years.) Tj ET Q q 0 0 0 rg BT 427.10 273.75 Td (As ) Tj ET Q q 0 0 0 rg BT 440.47 273.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.06 273.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 509.40 273.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.40 273.75 Td (, ) Tj ET Q q 0 0 0 rg BT 534.15 273.75 Td (we ) Tj ET Q q 0 0 0 rg BT 548.07 273.75 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.75 Td (2 ) Tj ET Q q 0 0 0 rg BT 57.00 261.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 80.61 261.75 Td (in ) Tj ET Q q 0 0 0 rg BT 90.89 261.75 Td (progress.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 212.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 212.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 212.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 182.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 182.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 182.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 152.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 152.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 152.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 122.25 156.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 206.00 122.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 262.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 266.00 122.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 322.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 326.00 122.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 386.00 122.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 442.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 446.00 122.25 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.00 122.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 506.00 122.25 56.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 238.25 m 262 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 238.25 m 266 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 238.25 m 322 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 322 238.25 m 326 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 238.25 m 382 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 238.25 m 386 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 238.25 m 442 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 442 238.25 m 446 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 238.25 m 502 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 238.25 m 506 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 238.25 m 562 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 238.25 m 262 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 225.25 m 262 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 262 225.25 m 266 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 225.25 m 322 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 238.25 m 382 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 225.25 m 382 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382 225.25 m 386 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 225.25 m 442 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 238.25 m 502 238.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 225.25 m 502 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502 225.25 m 506 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 225.25 m 562 225.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 212.25 m 262 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 212.25 m 322 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 212.25 m 382 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 212.25 m 442 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 212.25 m 502 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 212.25 m 562 212.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 122.25 m 262 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 122.25 m 322 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 122.25 m 382 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 122.25 m 442 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 122.25 m 502 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 122.25 m 562 122.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 108.25 m 262 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 206 106.25 m 262 106.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 108.25 m 322 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 266 106.25 m 322 106.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 108.25 m 382 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 326 106.25 m 382 106.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 108.25 m 442 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 386 106.25 m 442 106.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 108.25 m 502 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 446 106.25 m 502 106.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 108.25 m 562 108.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 506 106.25 m 562 106.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 242.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 341.45 242.50 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 229.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 255.50 229.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 229.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.50 229.50 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 216.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 224.15 216.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 287.70 216.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 344.15 216.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 407.70 216.50 Td (Net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.15 216.50 Td (Gross) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 527.70 216.50 Td (Net) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 201.93 Td (Exploratory wells ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.83 206.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.50 201.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 186.92 Td (Productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.33 191.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 186.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 171.92 Td (Non-productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.32 176.45 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 171.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 171.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 171.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 171.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 171.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 171.92 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 156.93 Td (Development wells ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 134.71 161.46 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 156.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 141.92 Td (Productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 110.33 146.45 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 141.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 141.92 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 141.92 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 141.92 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 141.92 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 126.92 Td (Non-productive ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.32 131.45 Td (\(3\)\(4\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 126.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 111.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.15 111.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 111.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.15 111.92 Td (16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.15 111.92 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 111.92 Td (59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 111.92 Td (56) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 83.75 Td (An ) Tj ET Q q 0 0 0 rg BT 81.99 83.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 130.36 83.75 Td (well ) Tj ET Q q 0 0 0 rg BT 149.85 83.75 Td (is ) Tj ET Q q 0 0 0 rg BT 158.79 83.75 Td (a ) Tj ET Q q 0 0 0 rg BT 165.51 83.75 Td (well ) Tj ET Q q 0 0 0 rg BT 185.00 83.75 Td (drilled ) Tj ET Q q 0 0 0 rg BT 213.37 83.75 Td (to ) Tj ET Q q 0 0 0 rg BT 223.42 83.75 Td (find ) Tj ET Q q 0 0 0 rg BT 241.80 83.75 Td (a ) Tj ET Q q 0 0 0 rg BT 248.52 83.75 Td (new ) Tj ET Q q 0 0 0 rg BT 267.45 83.75 Td (field ) Tj ET Q q 0 0 0 rg BT 288.05 83.75 Td (or ) Tj ET Q q 0 0 0 rg BT 298.65 83.75 Td (to ) Tj ET Q q 0 0 0 rg BT 308.70 83.75 Td (find ) Tj ET Q q 0 0 0 rg BT 327.08 83.75 Td (a ) Tj ET Q q 0 0 0 rg BT 333.79 83.75 Td (new ) Tj ET Q q 0 0 0 rg BT 352.73 83.75 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 390.54 83.75 Td (in ) Tj ET Q q 0 0 0 rg BT 400.59 83.75 Td (a ) Tj ET Q q 0 0 0 rg BT 407.30 83.75 Td (field ) Tj ET Q q 0 0 0 rg BT 427.90 83.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 472.39 83.75 Td (found ) Tj ET Q q 0 0 0 rg BT 497.99 83.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.04 83.75 Td (be ) Tj ET Q q 0 0 0 rg BT 519.75 83.75 Td (productive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 71.75 Td (of ) Tj ET Q q 0 0 0 rg BT 77.58 71.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.90 71.75 Td (or ) Tj ET Q q 0 0 0 rg BT 99.98 71.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 129.50 71.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 144.58 71.75 Td (in ) Tj ET Q q 0 0 0 rg BT 154.12 71.75 Td (another ) Tj ET Q q 0 0 0 rg BT 185.85 71.75 Td (reservoir) Tj ET Q q 0 0 0 rg BT 220.84 71.75 Td (. ) Tj ET Q q 0 0 0 rg BT 227.59 71.75 Td (Generally) Tj ET Q q 0 0 0 rg BT 266.37 71.75 Td (, ) Tj ET Q q 0 0 0 rg BT 270.62 71.75 Td (an ) Tj ET Q q 0 0 0 rg BT 281.82 71.75 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 329.66 71.75 Td (well ) Tj ET Q q 0 0 0 rg BT 348.64 71.75 Td (is ) Tj ET Q q 0 0 0 rg BT 357.06 71.75 Td (any ) Tj ET Q q 0 0 0 rg BT 373.25 71.75 Td (well ) Tj ET Q q 0 0 0 rg BT 392.22 71.75 Td (that ) Tj ET Q q 0 0 0 rg BT 408.97 71.75 Td (is ) Tj ET Q q 0 0 0 rg BT 417.40 71.75 Td (not ) Tj ET Q q 0 0 0 rg BT 431.93 71.75 Td (a ) Tj ET Q q 0 0 0 rg BT 438.12 71.75 Td (development ) Tj ET Q q 0 0 0 rg BT 491.53 71.75 Td (well, ) Tj ET Q q 0 0 0 rg BT 513.00 71.75 Td (an ) Tj ET Q q 0 0 0 rg BT 524.19 71.75 Td (extension ) Tj ET Q endstream endobj 39 0 obj <> endobj 40 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (well, ) Tj ET Q q 0 0 0 rg BT 89.92 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 97.07 726.60 Td (service ) Tj ET Q q 0 0 0 rg BT 128.09 726.60 Td (well ) Tj ET Q q 0 0 0 rg BT 148.01 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 159.04 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 166.19 726.60 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 218.87 726.60 Td (test ) Tj ET Q q 0 0 0 rg BT 235.46 726.60 Td (well. ) Tj ET Q q 0 0 0 rg BT 259.79 726.60 Td (A) Tj ET Q q 0 0 0 rg BT 266.46 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 269.16 726.60 Td (development ) Tj ET Q q 0 0 0 rg BT 323.52 726.60 Td (well ) Tj ET Q q 0 0 0 rg BT 343.44 726.60 Td (is ) Tj ET Q q 0 0 0 rg BT 352.82 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 359.96 726.60 Td (well ) Tj ET Q q 0 0 0 rg BT 379.88 726.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 408.69 726.60 Td (within ) Tj ET Q q 0 0 0 rg BT 436.95 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.87 726.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.35 726.60 Td (area ) Tj ET Q q 0 0 0 rg BT 501.70 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 512.73 726.60 Td (an ) Tj ET Q q 0 0 0 rg BT 524.88 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.14 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 549.17 726.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 105.54 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 115.82 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 130.53 714.60 Td (depth ) Tj ET Q q 0 0 0 rg BT 155.25 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.08 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 173.02 714.60 Td (stratigraphic ) Tj ET Q q 0 0 0 rg BT 225.50 714.60 Td (horizon ) Tj ET Q q 0 0 0 rg BT 258.54 714.60 Td (known ) Tj ET Q q 0 0 0 rg BT 288.27 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 298.54 714.60 Td (be ) Tj ET Q q 0 0 0 rg BT 310.48 714.60 Td (productive.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 76.12 690.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 120.83 690.60 Td (well ) Tj ET Q q 0 0 0 rg BT 139.99 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 148.61 690.60 Td (an ) Tj ET Q q 0 0 0 rg BT 160.00 690.60 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 208.04 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 218.31 690.60 Td (development ) Tj ET Q q 0 0 0 rg BT 271.91 690.60 Td (well ) Tj ET Q q 0 0 0 rg BT 291.08 690.60 Td (found ) Tj ET Q q 0 0 0 rg BT 316.35 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 326.08 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 337.46 690.60 Td (capable ) Tj ET Q q 0 0 0 rg BT 369.94 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 380.22 690.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 422.71 690.60 Td (either ) Tj ET Q q 0 0 0 rg BT 447.43 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 459.93 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 470.21 690.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 499.92 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 515.20 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 524.92 690.60 Td (suf) Tj ET Q q 0 0 0 rg BT 536.96 690.60 Td (ficient ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 108.88 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.16 678.60 Td (justify ) Tj ET Q q 0 0 0 rg BT 147.22 678.60 Td (completion ) Tj ET Q q 0 0 0 rg BT 194.71 678.60 Td (as ) Tj ET Q q 0 0 0 rg BT 205.54 678.60 Td (an ) Tj ET Q q 0 0 0 rg BT 217.48 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 230.53 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 241.36 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 271.63 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 287.46 678.60 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 76.67 654.60 Td (non-productive ) Tj ET Q q 0 0 0 rg BT 140.26 654.60 Td (well ) Tj ET Q q 0 0 0 rg BT 159.98 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 169.15 654.60 Td (an ) Tj ET Q q 0 0 0 rg BT 181.09 654.60 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 229.68 654.60 Td (or ) Tj ET Q q 0 0 0 rg BT 240.51 654.60 Td (development ) Tj ET Q q 0 0 0 rg BT 294.66 654.60 Td (well ) Tj ET Q q 0 0 0 rg BT 314.38 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 331.88 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 341.04 654.60 Td (not ) Tj ET Q q 0 0 0 rg BT 356.32 654.60 Td (a ) Tj ET Q q 0 0 0 rg BT 363.26 654.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 408.53 654.60 Td (well.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (During ) Tj ET Q q 0 0 0 rg BT 98.29 630.60 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.25 630.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.25 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 145.71 630.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.61 630.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.61 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 187.57 630.60 Td (an ) Tj ET Q q 0 0 0 rg BT 199.47 630.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 241.92 630.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 251.88 630.60 Td (6 ) Tj ET Q q 0 0 0 rg BT 259.34 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 276.24 630.60 Td (43 ) Tj ET Q q 0 0 0 rg BT 288.70 630.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 314.76 630.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 362.42 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 367.38 630.60 Td (were ) Tj ET Q q 0 0 0 rg BT 389.27 630.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 417.84 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 431.96 630.60 Td (water ) Tj ET Q q 0 0 0 rg BT 456.62 630.60 Td (or ) Tj ET Q q 0 0 0 rg BT 467.41 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 481.31 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.56 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 487.02 630.60 Td (injection ) Tj ET Q q 0 0 0 rg BT 524.47 630.60 Td (purposes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.82 606.60 Td (following ) Tj ET Q q 0 0 0 rg BT 127.47 606.60 Td (table ) Tj ET Q q 0 0 0 rg BT 149.68 606.60 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 200.21 606.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 222.42 606.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 261.58 606.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 283.78 606.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 310.43 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.64 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 373.74 606.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.61 606.60 Td (information ) Tj ET Q q 0 0 0 rg BT 442.60 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 457.03 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 473.13 606.60 Td (net ) Tj ET Q q 0 0 0 rg BT 488.11 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.44 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.65 606.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 606.60 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 109.49 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.20 594.60 Td (years ) Tj ET Q q 0 0 0 rg BT 147.80 594.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.18 594.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 232.76 594.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.76 594.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.76 594.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.76 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 280.26 594.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.20 594.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.20 594.60 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 554.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 554.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 554.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 554.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 524.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 524.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 524.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 524.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 524.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 524.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 494.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 494.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 494.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 494.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 494.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 494.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 464.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 464.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 464.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 464.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 464.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 464.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 434.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 434.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 434.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 434.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 434.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 434.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 404.10 309.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 404.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 404.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 404.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 404.10 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 404.10 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 375.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 375.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 375.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 375.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 375.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 375.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 345.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 345.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 345.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 345.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 345.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 345.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 316.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 316.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 316.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 316.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 316.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 316.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 286.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 286.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 286.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 286.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 286.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 286.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 257.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 257.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 257.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 257.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 257.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 257.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 227.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 227.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 227.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 227.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 227.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 227.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 197.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 197.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 197.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 197.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 197.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 167.10 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 167.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 167.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 167.10 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 167.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 167.10 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 569.1 m 424 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 569.1 m 428 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 569.1 m 493 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 569.1 m 497 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 569.1 m 562 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 569.1 m 424 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 554.1 m 424 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 569.1 m 493 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 554.1 m 493 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 569.1 m 562 569.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 554.1 m 562 554.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 419.1 m 424 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 419.1 m 493 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 419.1 m 562 419.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 405.1 m 424 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 403.1 m 424 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 405.1 m 493 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 403.1 m 493 403.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 405.1 m 562 405.1 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 403.1 m 562 403.1 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 573.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 573.77 Td (Year Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 558.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 558.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 558.77 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 558.77 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 543.78 Td (Net sales volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 543.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 543.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 543.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 528.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 528.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 528.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 528.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 513.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 513.77 Td (14,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 513.77 Td (16,783) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 513.77 Td (17,259) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 498.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 498.77 Td (3,274) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 498.77 Td (5,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 498.77 Td (4,855) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 483.77 Td (Total Gulf Coast region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 483.77 Td (15,318) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 483.77 Td (17,648) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 483.77 Td (18,068) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 468.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 468.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 468.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 468.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 453.77 Td (Oil \(MBbls\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 453.77 Td (7,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 453.77 Td (8,462) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 453.77 Td (8,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 438.77 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 438.77 Td (2,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 438.77 Td (2,906) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 438.77 Td (3,524) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 423.77 Td (Total Rocky Mountain region \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 423.77 Td (8,107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 423.77 Td (8,946) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 423.77 Td (9,100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 408.77 Td (Total Company \(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 408.77 Td (23,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 408.77 Td (26,594) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 408.77 Td (27,168) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 379.78 Td (Average sales prices excluding impact of derivative settlements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 379.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 379.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 379.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 364.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 364.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 364.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 364.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 349.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 349.77 Td (41.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 349.77 Td (49.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 349.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 349.77 Td (94.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 334.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 334.77 Td (2.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 334.77 Td (2.48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 334.77 Td (4.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 305.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 305.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 305.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 305.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 290.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 290.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 290.77 Td (39.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 290.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 290.77 Td (43.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 290.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 290.77 Td (82.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 275.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 275.77 Td (1.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 275.77 Td (2.11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 275.77 Td (3.73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 246.77 Td (Total Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 246.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 246.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 246.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 231.77 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 231.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 231.77 Td (41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 231.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 231.77 Td (47.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 231.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 231.77 Td (90.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 216.77 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 216.77 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 216.77 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 216.77 Td (4.07) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 186.78 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 186.78 Td (verage pr) Tj ET Q q 0 0 0 rg BT 99.61 186.78 Td (oduction cost \(per) Tj ET Q q 0 0 0 rg BT 176.09 186.78 Td ( BOE sold\) ) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 225.27 191.31 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.50 186.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 186.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 186.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 171.77 Td (Gulf Coast region) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.16 176.30 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 171.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 171.77 Td (18.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 171.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 171.77 Td (19.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 171.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 171.77 Td (24.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.50 156.77 Td (Rocky Mountain region) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 156.77 Td (16.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 156.77 Td (19.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 156.77 Td (21.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 141.77 Td (T) Tj ET Q q 0 0 0 rg BT 69.91 141.77 Td (otal Company) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 126.29 146.30 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 141.77 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 141.77 Td (19.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 141.77 Td (23.84) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.60 Td (Excludes ) Tj ET Q q 0 0 0 rg BT 106.66 113.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.71 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.65 113.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 166.91 113.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 182.74 113.60 Td (ad ) Tj ET Q q 0 0 0 rg BT 194.68 113.60 Td (valorem ) Tj ET Q q 0 0 0 rg BT 229.95 113.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.88 113.60 Td (production ) Tj ET Q q 0 0 0 rg BT 292.71 113.60 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.60 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 114.45 89.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.52 89.60 Td (include ) Tj ET Q q 0 0 0 rg BT 170.02 89.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 200.29 89.60 Td (special ) Tj ET Q q 0 0 0 rg BT 231.13 89.60 Td (items, ) Tj ET Q q 0 0 0 rg BT 258.36 89.60 Td (comprised ) Tj ET Q q 0 0 0 rg BT 303.08 89.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.48 89.60 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 329.21 89.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 352.26 89.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 393.09 89.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 432.26 89.60 Td (and ) Tj ET Q q 0 0 0 rg BT 449.77 89.60 Td (related ) Tj ET Q q 0 0 0 rg BT 480.04 89.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 521.42 89.60 Td (recoveries ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 77.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 105.97 77.60 Td (to ) Tj ET Q q 0 0 0 rg BT 117.23 77.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 160.14 77.60 Td (an ) Tj ET Q q 0 0 0 rg BT 173.07 77.60 Td (area ) Tj ET Q q 0 0 0 rg BT 193.21 77.60 Td (of ) Tj ET Q q 0 0 0 rg BT 205.03 77.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 230.74 77.60 Td (Field, ) Tj ET Q q 0 0 0 rg BT 257.28 77.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 272.43 77.60 Td (a ) Tj ET Q q 0 0 0 rg BT 280.36 77.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 343.83 77.60 Td (for ) Tj ET Q q 0 0 0 rg BT 358.98 77.60 Td (a ) Tj ET Q q 0 0 0 rg BT 366.91 77.60 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 413.15 77.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 440.53 77.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 459.01 77.60 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 508.88 77.60 Td (and ) Tj ET Q q 0 0 0 rg BT 526.81 77.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 541.96 77.60 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 65.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 108.66 65.60 Td (recoveries. ) Tj ET Q q 0 0 0 rg BT 155.10 65.60 Td ( ) Tj ET Q q 0 0 0 rg BT 157.95 65.60 Td (If ) Tj ET Q q 0 0 0 rg BT 167.46 65.60 Td (these ) Tj ET Q q 0 0 0 rg BT 190.85 65.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 227.59 65.60 Td (were ) Tj ET Q q 0 0 0 rg BT 249.87 65.60 Td (excluded, ) Tj ET Q q 0 0 0 rg BT 291.31 65.60 Td (average ) Tj ET Q q 0 0 0 rg BT 325.24 65.60 Td (production ) Tj ET Q q 0 0 0 rg BT 371.42 65.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 394.27 65.60 Td (per ) Tj ET Q q 0 0 0 rg BT 409.88 65.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 432.73 65.60 Td (for ) Tj ET Q q 0 0 0 rg BT 447.24 65.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.31 65.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 483.49 65.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 509.11 65.60 Td (region ) Tj ET Q q 0 0 0 rg BT 537.51 65.60 Td (would ) Tj ET Q endstream endobj 41 0 obj <> endobj 42 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (have ) Tj ET Q q 0 0 0 rg BT 88.66 726.60 Td (totaled ) Tj ET Q q 0 0 0 rg BT 118.15 726.60 Td ($20.29 ) Tj ET Q q 0 0 0 rg BT 147.94 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.66 726.60 Td ($25.31 ) Tj ET Q q 0 0 0 rg BT 194.44 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 208.38 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 222.88 726.60 Td (years ) Tj ET Q q 0 0 0 rg BT 246.26 726.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 272.42 726.60 Td (December ) Tj ET Q q 0 0 0 rg BT 315.79 726.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 330.57 726.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 352.86 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 369.58 726.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 394.36 726.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 442.02 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 446.80 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 463.53 726.60 Td (average ) Tj ET Q q 0 0 0 rg BT 496.89 726.60 Td (production ) Tj ET Q q 0 0 0 rg BT 542.50 726.60 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (per ) Tj ET Q q 0 0 0 rg BT 82.19 714.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 104.12 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 117.71 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 714.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 172.66 714.60 Td (as ) Tj ET Q q 0 0 0 rg BT 182.92 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 189.28 714.60 Td (whole ) Tj ET Q q 0 0 0 rg BT 215.65 714.60 Td (would ) Tj ET Q q 0 0 0 rg BT 242.58 714.60 Td (have ) Tj ET Q q 0 0 0 rg BT 263.38 714.60 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.52 714.60 Td ($19.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.02 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 321.94 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.31 714.60 Td ($24.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.81 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 367.73 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 381.32 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.46 714.60 Td (years ) Tj ET Q q 0 0 0 rg BT 418.49 714.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 444.29 714.60 Td (December ) Tj ET Q q 0 0 0 rg BT 487.30 714.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 501.73 714.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 523.65 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.02 714.60 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 115.16 702.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (PRODUCTION ) Tj ET Q q 0 0 0 rg BT 119.78 678.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 143.95 678.60 Td (UNIT) Tj ET Q q 0 0 0 rg BT 168.77 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.27 678.60 Td (PRICES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Further ) Tj ET Q q 0 0 0 rg BT 99.64 654.60 Td (information ) Tj ET Q q 0 0 0 rg BT 149.55 654.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 190.56 654.60 Td (average ) Tj ET Q q 0 0 0 rg BT 224.35 654.60 Td (production ) Tj ET Q q 0 0 0 rg BT 270.37 654.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 294.45 654.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 312.70 654.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.84 654.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.42 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.55 654.60 Td (unit ) Tj ET Q q 0 0 0 rg BT 396.81 654.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 419.51 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 434.98 654.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 457.68 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 472.58 654.60 Td (set ) Tj ET Q q 0 0 0 rg BT 486.39 654.60 Td (forth ) Tj ET Q q 0 0 0 rg BT 508.53 654.60 Td (under ) Tj ET Q q 0 0 0 rg BT 534.00 654.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 555.02 654.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (Management) Tj ET Q q 0 0 0 rg BT 103.75 642.60 Td (s ) Tj ET Q q 0 0 0 rg BT 110.53 642.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 157.31 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.98 642.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 211.76 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 222.42 642.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 264.19 642.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 307.08 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.97 642.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 356.75 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 367.41 642.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 412.41 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 415.30 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 423.19 642.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 454.96 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.63 642.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 513.51 642.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 521.40 642.60 Td (Operating ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 80.89 630.60 Td (T) Tj ET Q q 0 0 0 rg BT 85.53 630.60 Td (able) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.75 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 107.75 630.60 Td (included ) Tj ET Q q 0 0 0 rg BT 144.68 630.60 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (TITLE ) Tj ET Q q 0 0 0 rg BT 82.39 606.60 Td (T) Tj ET Q q 0 0 0 rg BT 88.88 606.60 Td (O ) Tj ET Q q 0 0 0 rg BT 99.16 606.60 Td (PROPER) Tj ET Q q 0 0 0 rg BT 139.92 606.60 Td (TIES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.89 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 89.83 582.60 Td (customary ) Tj ET Q q 0 0 0 rg BT 133.75 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 143.80 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 158.29 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.12 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.83 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.87 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.47 582.60 Td (industry) Tj ET Q q 0 0 0 rg BT 265.60 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 270.37 582.60 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 307.63 582.60 Td (conducts ) Tj ET Q q 0 0 0 rg BT 345.45 582.60 Td (a ) Tj ET Q q 0 0 0 rg BT 352.16 582.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 382.76 582.60 Td (title ) Tj ET Q q 0 0 0 rg BT 400.59 582.60 Td (examination ) Tj ET Q q 0 0 0 rg BT 452.29 582.60 Td (at ) Tj ET Q q 0 0 0 rg BT 461.78 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 476.27 582.60 Td (time ) Tj ET Q q 0 0 0 rg BT 496.31 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.91 582.60 Td (its ) Tj ET Q q 0 0 0 rg BT 518.63 582.60 Td (acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.28 570.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 100.71 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 110.49 570.60 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 149.70 570.60 Td (interests ) Tj ET Q q 0 0 0 rg BT 184.47 570.60 Td (tar) Tj ET Q q 0 0 0 rg BT 194.84 570.60 Td (geted ) Tj ET Q q 0 0 0 rg BT 217.94 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 231.05 570.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 270.25 570.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 304.58 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 308.53 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.41 570.60 Td (curative ) Tj ET Q q 0 0 0 rg BT 358.06 570.60 Td (work ) Tj ET Q q 0 0 0 rg BT 380.06 570.60 Td (is ) Tj ET Q q 0 0 0 rg BT 388.18 570.60 Td (performed ) Tj ET Q q 0 0 0 rg BT 431.27 570.60 Td (with ) Tj ET Q q 0 0 0 rg BT 450.50 570.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 480.26 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 489.49 570.60 Td (significantdefects ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.86 558.60 Td (higher) Tj ET Q q 0 0 0 rg BT 88.20 558.60 Td (-value ) Tj ET Q q 0 0 0 rg BT 116.55 558.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 159.89 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 171.58 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 187.15 558.60 Td (greatest ) Tj ET Q q 0 0 0 rg BT 221.60 558.60 Td (significance. ) Tj ET Q q 0 0 0 rg BT 275.77 558.60 Td () Tj ET Q q 0 0 0 rg BT 278.09 558.60 Td (W) Tj ET Q q 0 0 0 rg BT 286.72 558.60 Td (e ) Tj ET Q q 0 0 0 rg BT 294.52 558.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 326.75 558.60 Td (that ) Tj ET Q q 0 0 0 rg BT 345.10 558.60 Td (title ) Tj ET Q q 0 0 0 rg BT 364.01 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 375.14 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 391.83 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 405.75 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.54 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 454.66 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.35 558.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 514.69 558.60 Td (is ) Tj ET Q q 0 0 0 rg BT 524.72 558.60 Td (good ) Tj ET Q q 0 0 0 rg BT 548.07 558.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (defensible, ) Tj ET Q q 0 0 0 rg BT 95.80 546.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 126.84 546.60 Td (only ) Tj ET Q q 0 0 0 rg BT 147.33 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 157.82 546.60 Td (such ) Tj ET Q q 0 0 0 rg BT 178.86 546.60 Td (exceptions ) Tj ET Q q 0 0 0 rg BT 224.33 546.60 Td (that ) Tj ET Q q 0 0 0 rg BT 242.03 546.60 Td (we ) Tj ET Q q 0 0 0 rg BT 256.40 546.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 287.99 546.60 Td (do ) Tj ET Q q 0 0 0 rg BT 300.70 546.60 Td (not ) Tj ET Q q 0 0 0 rg BT 316.18 546.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 359.43 546.60 Td (interfere ) Tj ET Q q 0 0 0 rg BT 396.00 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 416.49 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 431.42 546.60 Td (use ) Tj ET Q q 0 0 0 rg BT 447.46 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 458.50 546.60 Td (such ) Tj ET Q q 0 0 0 rg BT 479.54 546.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 524.73 546.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (encumbrances, ) Tj ET Q q 0 0 0 rg BT 111.69 534.60 Td (easements, ) Tj ET Q q 0 0 0 rg BT 157.79 534.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 204.72 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 221.66 534.60 Td (royalty) Tj ET Q q 0 0 0 rg BT 249.33 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 254.33 534.60 Td (overridingroyalty ) Tj ET Q q 0 0 0 rg BT 329.31 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.25 534.60 Td (other ) Tj ET Q q 0 0 0 rg BT 369.30 534.60 Td (similar ) Tj ET Q q 0 0 0 rg BT 399.57 534.60 Td (interests.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (SIGNIFICANT) Tj ET Q q 0 0 0 rg BT 116.00 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.50 510.60 Td (OIL) Tj ET Q q 0 0 0 rg BT 136.29 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.24 510.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 162.40 510.60 Td (GAS ) Tj ET Q q 0 0 0 rg BT 185.46 510.60 Td (PURCHASERS ) Tj ET Q q 0 0 0 rg BT 255.20 510.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 279.36 510.60 Td (PRODUCT) Tj ET Q q 0 0 0 rg BT 328.63 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.13 510.60 Td (MARKETING) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.97 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 100.11 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.56 486.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.59 486.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.72 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 183.62 486.60 Td (made ) Tj ET Q q 0 0 0 rg BT 207.97 486.60 Td (on ) Tj ET Q q 0 0 0 rg BT 220.67 486.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.80 486.60 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.81 486.60 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.50 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 307.53 486.60 Td (under ) Tj ET Q q 0 0 0 rg BT 332.99 486.60 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.34 486.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.13 486.60 Td (at ) Tj ET Q q 0 0 0 rg BT 426.04 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 440.95 486.60 Td (current ) Tj ET Q q 0 0 0 rg BT 471.96 486.60 Td (area ) Tj ET Q q 0 0 0 rg BT 491.30 486.60 Td (market ) Tj ET Q q 0 0 0 rg BT 521.76 486.60 Td (price. ) Tj ET Q q 0 0 0 rg BT 546.94 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 486.60 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 486.60 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (would ) Tj ET Q q 0 0 0 rg BT 77.41 474.60 Td (not ) Tj ET Q q 0 0 0 rg BT 93.10 474.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 122.10 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 137.23 474.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 155.70 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.94 474.60 Td (any ) Tj ET Q q 0 0 0 rg BT 184.29 474.60 Td (single ) Tj ET Q q 0 0 0 rg BT 211.09 474.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 252.86 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 263.55 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.34 474.60 Td (a ) Tj ET Q q 0 0 0 rg BT 292.69 474.60 Td (material ) Tj ET Q q 0 0 0 rg BT 328.36 474.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 361.80 474.60 Td (ef) Tj ET Q q 0 0 0 rg BT 369.39 474.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 387.29 474.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 410.20 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 426.44 474.60 Td (operations; ) Tj ET Q q 0 0 0 rg BT 473.78 474.60 Td (however) Tj ET Q q 0 0 0 rg BT 507.81 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 513.22 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 528.35 474.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 546.82 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 558.06 474.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (lar) Tj ET Q q 0 0 0 rg BT 59.87 462.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 70.87 462.60 Td (single ) Tj ET Q q 0 0 0 rg BT 96.32 462.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 136.75 462.60 Td (could ) Tj ET Q q 0 0 0 rg BT 160.54 462.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 204.87 462.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 233.08 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 246.86 462.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 296.19 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 309.42 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 324.31 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 336.44 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 352.44 462.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.77 462.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 396.66 462.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 444.05 462.60 Td (which ) Tj ET Q q 0 0 0 rg BT 470.06 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 479.40 462.60 Td (turn ) Tj ET Q q 0 0 0 rg BT 497.07 462.60 Td (could ) Tj ET Q q 0 0 0 rg BT 520.85 462.60 Td (negatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 79.32 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.14 450.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 120.62 450.60 Td (we ) Tj ET Q q 0 0 0 rg BT 134.89 450.60 Td (receive.For ) Tj ET Q q 0 0 0 rg BT 187.74 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 202.57 450.60 Td (year ) Tj ET Q q 0 0 0 rg BT 222.38 450.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.86 450.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 307.55 450.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.55 450.60 Td (, ) Tj ET Q q 0 0 0 rg BT 332.65 450.60 Td (two ) Tj ET Q q 0 0 0 rg BT 350.26 450.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 395.62 450.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 438.76 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.03 450.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 473.96 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 484.90 450.60 Td (more ) Tj ET Q q 0 0 0 rg BT 508.05 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.98 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.92 450.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.02 438.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.11 438.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 137.18 438.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 164.39 438.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 208.80 438.60 Td (LP) Tj ET Q q 0 0 0 rg BT 220.10 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 222.86 438.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.19 438.60 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.52 438.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 250.61 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.80 438.60 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 309.44 438.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 353.30 438.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 394.94 438.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.27 438.60 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 438.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 425.19 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 427.95 438.60 Td (For ) Tj ET Q q 0 0 0 rg BT 444.60 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.57 438.60 Td (year ) Tj ET Q q 0 0 0 rg BT 479.54 438.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.17 438.60 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 438.60 Td (31,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 74.58 426.60 Td (two ) Tj ET Q q 0 0 0 rg BT 92.16 426.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 137.49 426.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 180.60 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 194.84 426.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 215.75 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 226.66 426.60 Td (more ) Tj ET Q q 0 0 0 rg BT 249.78 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.69 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 276.60 426.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 289.73 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.75 426.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 337.09 426.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 353.00 426.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 393.89 426.60 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 435.35 426.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 479.03 426.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.50 426.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.83 426.60 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.16 426.60 Td (\) ) Tj ET Q q 0 0 0 rg BT 548.06 426.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 76.50 414.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 120.70 414.60 Td (LP) Tj ET Q q 0 0 0 rg BT 132.00 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 134.55 414.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.88 414.60 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.21 414.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 164.58 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 167.13 414.60 Td (For ) Tj ET Q q 0 0 0 rg BT 183.57 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.34 414.60 Td (year ) Tj ET Q q 0 0 0 rg BT 218.09 414.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.52 414.60 Td (December ) Tj ET Q q 0 0 0 rg BT 288.15 414.60 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 414.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.20 414.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.20 414.60 Td (, ) Tj ET Q q 0 0 0 rg BT 328.24 414.60 Td (three ) Tj ET Q q 0 0 0 rg BT 350.78 414.60 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 396.08 414.60 Td (accounted ) Tj ET Q q 0 0 0 rg BT 439.16 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 453.37 414.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 474.25 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 485.13 414.60 Td (more ) Tj ET Q q 0 0 0 rg BT 508.22 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 519.10 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.98 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.76 402.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.59 402.60 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 136.41 402.60 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 177.79 402.60 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 221.39 402.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 262.78 402.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.11 402.60 Td (31%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.44 402.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 292.77 402.60 Td (Plains ) Tj ET Q q 0 0 0 rg BT 319.71 402.60 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 363.87 402.60 Td (LP) Tj ET Q q 0 0 0 rg BT 375.17 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 377.67 402.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 402.60 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.33 402.60 Td (\), ) Tj ET Q q 0 0 0 rg BT 407.66 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.60 402.60 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 488.77 402.60 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.10 402.60 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.43 402.60 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.61 378.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 115.72 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 127.06 378.60 Td (market ) Tj ET Q q 0 0 0 rg BT 158.38 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.50 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.50 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.82 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 238.71 378.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 275.04 378.60 Td (on ) Tj ET Q q 0 0 0 rg BT 288.60 378.60 Td (many ) Tj ET Q q 0 0 0 rg BT 314.38 378.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 345.14 378.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 378.14 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 395.03 378.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 429.41 378.60 Td (including ) Tj ET Q q 0 0 0 rg BT 470.75 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 486.52 378.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 514.52 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.41 378.60 Td (domestic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.30 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 112.21 366.60 Td (imports ) Tj ET Q q 0 0 0 rg BT 145.25 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 156.05 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 169.08 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.00 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 216.24 366.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 234.54 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.24 366.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 291.16 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.96 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.77 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 330.80 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.71 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 377.95 366.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 393.76 366.60 Td (production ) Tj ET Q q 0 0 0 rg BT 439.56 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 449.81 366.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 488.39 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.31 366.60 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (markets, ) Tj ET Q q 0 0 0 rg BT 85.83 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.23 354.60 Td (available ) Tj ET Q q 0 0 0 rg BT 138.49 354.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 173.98 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 183.93 354.60 Td (such ) Tj ET Q q 0 0 0 rg BT 204.44 354.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 245.22 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 259.61 354.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 293.45 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 307.28 354.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.02 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.63 354.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.57 354.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 384.58 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 398.97 354.60 Td (ef) Tj ET Q q 0 0 0 rg BT 406.56 354.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 427.61 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 438.12 354.60 Td (weather) Tj ET Q q 0 0 0 rg BT 469.37 354.60 Td (, ) Tj ET Q q 0 0 0 rg BT 474.04 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.66 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 505.05 354.60 Td (ef) Tj ET Q q 0 0 0 rg BT 512.64 354.60 Td (fects ) Tj ET Q q 0 0 0 rg BT 533.69 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.20 354.60 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.16 342.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 96.14 342.60 Td (regulation.) Tj ET Q q 0 0 0 rg BT 143.63 342.60 Td (As ) Tj ET Q q 0 0 0 rg BT 156.97 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 342.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 225.83 342.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.83 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 250.55 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 264.44 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 285.54 342.60 Td (not ) Tj ET Q q 0 0 0 rg BT 300.54 342.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 351.07 342.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 395.50 342.60 Td (dif) Tj ET Q q 0 0 0 rg BT 406.43 342.60 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 434.76 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 444.76 342.60 Td (finding ) Tj ET Q q 0 0 0 rg BT 475.87 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 482.53 342.60 Td (market ) Tj ET Q q 0 0 0 rg BT 512.52 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.41 342.60 Td (all ) Tj ET Q q 0 0 0 rg BT 538.63 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 342.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.13 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 105.76 330.60 Td (it ) Tj ET Q q 0 0 0 rg BT 113.62 330.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 150.91 330.60 Td (available ) Tj ET Q q 0 0 0 rg BT 189.30 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 199.93 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 210.01 330.60 Td (transporting ) Tj ET Q q 0 0 0 rg BT 260.64 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 276.27 330.60 Td (production ) Tj ET Q q 0 0 0 rg BT 321.90 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 331.98 330.60 Td (those ) Tj ET Q q 0 0 0 rg BT 355.39 330.60 Td (markets; ) Tj ET Q q 0 0 0 rg BT 392.12 330.60 Td (however) Tj ET Q q 0 0 0 rg BT 426.15 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 430.96 330.60 Td (there ) Tj ET Q q 0 0 0 rg BT 453.24 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 462.21 330.60 Td (no ) Tj ET Q q 0 0 0 rg BT 474.52 330.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 515.69 330.60 Td (that ) Tj ET Q q 0 0 0 rg BT 532.98 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 546.95 330.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (always ) Tj ET Q q 0 0 0 rg BT 79.77 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 91.71 318.60 Td (able ) Tj ET Q q 0 0 0 rg BT 110.86 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.14 318.60 Td (market ) Tj ET Q q 0 0 0 rg BT 151.40 318.60 Td (all ) Tj ET Q q 0 0 0 rg BT 163.90 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 174.73 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.56 318.60 Td (production ) Tj ET Q q 0 0 0 rg BT 236.38 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 247.21 318.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 274.71 318.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 314.96 318.60 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 294.60 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.60 Td (Prices ) Tj ET Q q 0 0 0 rg BT 94.98 270.60 Td (received ) Tj ET Q q 0 0 0 rg BT 131.89 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 142.72 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 150.20 270.60 Td (regional ) Tj ET Q q 0 0 0 rg BT 186.01 270.60 Td (market ) Tj ET Q q 0 0 0 rg BT 216.82 270.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 254.85 270.60 Td (frequently ) Tj ET Q q 0 0 0 rg BT 298.99 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.47 270.60 Td (can ) Tj ET Q q 0 0 0 rg BT 333.39 270.60 Td (dif) Tj ET Q q 0 0 0 rg BT 344.32 270.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 358.47 270.60 Td (from ) Tj ET Q q 0 0 0 rg BT 380.95 270.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 420.66 270.60 Td (pricing ) Tj ET Q q 0 0 0 rg BT 452.03 270.60 Td (due ) Tj ET Q q 0 0 0 rg BT 469.52 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 480.34 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 487.83 270.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 518.63 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 270.60 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.69 258.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 118.78 258.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.74 258.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 180.81 258.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 212.94 258.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 237.56 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 250.54 258.60 Td (quality ) Tj ET Q q 0 0 0 rg BT 280.73 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.58 258.60 Td (location ) Tj ET Q q 0 0 0 rg BT 332.21 258.60 Td (dif) Tj ET Q q 0 0 0 rg BT 343.14 258.60 Td (ferentials. ) Tj ET Q q 0 0 0 rg BT 385.26 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.50 258.60 Td (The ) Tj ET Q q 0 0 0 rg BT 405.46 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.44 258.60 Td (dif) Tj ET Q q 0 0 0 rg BT 429.36 258.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 468.98 258.60 Td (we ) Tj ET Q q 0 0 0 rg BT 483.06 258.60 Td (received ) Tj ET Q q 0 0 0 rg BT 519.34 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 529.54 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 258.60 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 74.78 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 246.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 120.33 246.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 161.71 246.60 Td (regions ) Tj ET Q q 0 0 0 rg BT 193.65 246.60 Td (are ) Tj ET Q q 0 0 0 rg BT 208.36 246.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 249.19 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 246.60 Td (further ) Tj ET Q q 0 0 0 rg BT 289.17 246.60 Td (detail ) Tj ET Q q 0 0 0 rg BT 313.88 246.60 Td (below) Tj ET Q q 0 0 0 rg BT 337.67 246.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.60 Td (Crude ) Tj ET Q q 0 0 0 rg BT 94.62 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.85 222.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 134.41 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.87 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 159.77 222.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 180.78 222.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 206.23 222.60 Td (region ) Tj ET Q q 0 0 0 rg BT 234.46 222.60 Td (are ) Tj ET Q q 0 0 0 rg BT 249.35 222.60 Td (impacted ) Tj ET Q q 0 0 0 rg BT 288.68 222.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 341.35 222.60 Td (by ) Tj ET Q q 0 0 0 rg BT 354.03 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 368.92 222.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 403.81 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 414.27 222.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 440.82 222.60 Td (received ) Tj ET Q q 0 0 0 rg BT 477.37 222.60 Td (for ) Tj ET Q q 0 0 0 rg BT 491.71 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 507.72 222.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 532.60 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 545.84 222.60 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (under ) Tj ET Q q 0 0 0 rg BT 75.78 210.60 Td (Light ) Tj ET Q q 0 0 0 rg BT 100.96 210.60 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 143.91 210.60 Td (Sweet ) Tj ET Q q 0 0 0 rg BT 171.86 210.60 Td (\(LLS\) ) Tj ET Q q 0 0 0 rg BT 208.69 210.60 Td (index ) Tj ET Q q 0 0 0 rg BT 234.42 210.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 261.81 210.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 295.30 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 306.59 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 322.32 210.60 Td (change ) Tj ET Q q 0 0 0 rg BT 354.15 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 365.44 210.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 405.62 210.60 Td (prices. ) Tj ET Q q 0 0 0 rg BT 435.51 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 439.02 210.60 Td (Overall, ) Tj ET Q q 0 0 0 rg BT 475.02 210.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.64 210.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.64 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 530.66 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 545.83 210.60 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.02 198.60 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.35 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.11 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.20 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 158.28 198.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 183.25 198.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.57 198.60 Td (at ) Tj ET Q q 0 0 0 rg BT 206.54 198.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 233.18 198.60 Td (based ) Tj ET Q q 0 0 0 rg BT 258.70 198.60 Td (on, ) Tj ET Q q 0 0 0 rg BT 273.96 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 285.05 198.60 Td (partially ) Tj ET Q q 0 0 0 rg BT 321.13 198.60 Td (tied ) Tj ET Q q 0 0 0 rg BT 338.88 198.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 351.92 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 366.90 198.60 Td (LLS ) Tj ET Q q 0 0 0 rg BT 387.43 198.60 Td (index ) Tj ET Q q 0 0 0 rg BT 412.41 198.60 Td (price, ) Tj ET Q q 0 0 0 rg BT 437.65 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.85 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.83 198.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 503.12 198.60 Td (at ) Tj ET Q q 0 0 0 rg BT 513.09 198.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 539.73 198.60 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 60.99 186.60 Td (various ) Tj ET Q q 0 0 0 rg BT 91.91 186.60 Td (other ) Tj ET Q q 0 0 0 rg BT 113.95 186.60 Td (indexes ) Tj ET Q q 0 0 0 rg BT 145.98 186.60 Td (tied ) Tj ET Q q 0 0 0 rg BT 162.46 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 171.73 186.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 209.88 186.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 237.74 186.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.44 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 285.71 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 299.41 186.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 327.00 186.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 367.38 186.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 396.91 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 398.29 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 415.33 186.60 Td (average ) Tj ET Q q 0 0 0 rg BT 447.90 186.60 Td (LLS-to-NYMEX ) Tj ET Q q 0 0 0 rg BT 518.26 186.60 Td (dif) Tj ET Q q 0 0 0 rg BT 529.19 186.60 Td (ferential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (\(on ) Tj ET Q q 0 0 0 rg BT 64.72 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 71.04 174.60 Td (trade-month ) Tj ET Q q 0 0 0 rg BT 121.80 174.60 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 147.02 174.60 Td (was ) Tj ET Q q 0 0 0 rg BT 164.45 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 170.78 174.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 204.33 174.60 Td ($1.70 ) Tj ET Q q 0 0 0 rg BT 228.72 174.60 Td (per ) Tj ET Q q 0 0 0 rg BT 243.37 174.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 259.71 174.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.70 174.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.70 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 312.09 174.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 353.40 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.06 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 369.39 174.60 Td (positive ) Tj ET Q q 0 0 0 rg BT 402.94 174.60 Td ($3.72 ) Tj ET Q q 0 0 0 rg BT 427.32 174.60 Td (per ) Tj ET Q q 0 0 0 rg BT 441.98 174.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 458.31 174.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.31 174.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.31 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 508.19 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.52 174.60 Td (a ) Tj ET Q q 0 0 0 rg BT 530.84 174.60 Td (positive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td ($3.88 ) Tj ET Q q 0 0 0 rg BT 74.30 162.60 Td (per ) Tj ET Q q 0 0 0 rg BT 89.38 162.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 106.13 162.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 116.21 162.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.21 162.60 Td (. ) Tj ET Q q 0 0 0 rg BT 141.02 162.60 Td ( ) Tj ET Q q 0 0 0 rg BT 143.32 162.60 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.96 162.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.96 162.60 Td (, ) Tj ET Q q 0 0 0 rg BT 198.76 162.60 Td (our ) Tj ET Q q 0 0 0 rg BT 214.40 162.60 Td (light ) Tj ET Q q 0 0 0 rg BT 235.04 162.60 Td (sweet ) Tj ET Q q 0 0 0 rg BT 260.11 162.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 284.62 162.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 297.48 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 343.11 162.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.20 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 367.72 162.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 388.35 162.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 413.44 162.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 443.79 162.60 Td (on ) Tj ET Q q 0 0 0 rg BT 456.09 162.60 Td (average, ) Tj ET Q q 0 0 0 rg BT 491.98 162.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 510.96 162.60 Td (for ) Tj ET Q q 0 0 0 rg BT 524.92 162.60 Td ($1.38 ) Tj ET Q q 0 0 0 rg BT 549.72 162.60 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 66.83 150.60 Td (below ) Tj ET Q q 0 0 0 rg BT 94.16 150.60 Td (NYMEX, ) Tj ET Q q 0 0 0 rg BT 136.21 150.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 178.52 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 189.18 150.60 Td ($0.56 ) Tj ET Q q 0 0 0 rg BT 214.57 150.60 Td (per ) Tj ET Q q 0 0 0 rg BT 230.22 150.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 247.56 150.60 Td (over ) Tj ET Q q 0 0 0 rg BT 268.21 150.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 307.76 150.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.43 150.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.43 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 341.31 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 358.64 150.60 Td ($1.80 ) Tj ET Q q 0 0 0 rg BT 384.02 150.60 Td (per ) Tj ET Q q 0 0 0 rg BT 399.68 150.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 417.01 150.60 Td (over ) Tj ET Q q 0 0 0 rg BT 437.66 150.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 477.21 150.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.88 150.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.88 150.60 Td (. ) Tj ET Q q 0 0 0 rg BT 515.76 150.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 534.20 150.60 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 83.59 138.60 Td (at ) Tj ET Q q 0 0 0 rg BT 93.23 138.60 Td (various ) Tj ET Q q 0 0 0 rg BT 125.10 138.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 146.97 138.60 Td (points ) Tj ET Q q 0 0 0 rg BT 173.85 138.60 Td (along ) Tj ET Q q 0 0 0 rg BT 198.50 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.15 138.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 233.91 138.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 259.12 138.60 Td (have ) Tj ET Q q 0 0 0 rg BT 280.42 138.60 Td (suf) Tj ET Q q 0 0 0 rg BT 292.46 138.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 320.44 138.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 354.52 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 364.73 138.60 Td (accommodate ) Tj ET Q q 0 0 0 rg BT 422.69 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 438.45 138.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 486.71 138.60 Td (but ) Tj ET Q q 0 0 0 rg BT 501.92 138.60 Td (there ) Tj ET Q q 0 0 0 rg BT 524.33 138.60 Td (can ) Tj ET Q q 0 0 0 rg BT 540.64 138.60 Td (be ) Tj ET Q q 0 0 0 rg BT 552.51 138.60 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 90.72 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 101.40 126.60 Td (future ) Tj ET Q q 0 0 0 rg BT 127.63 126.60 Td (demand. ) Tj ET Q q 0 0 0 rg BT 164.14 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.33 126.60 Td (W) Tj ET Q q 0 0 0 rg BT 174.96 126.60 Td (e ) Tj ET Q q 0 0 0 rg BT 181.76 126.60 Td (are, ) Tj ET Q q 0 0 0 rg BT 198.82 126.60 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 239.75 126.60 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 286.55 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 301.12 126.60 Td (marketplace ) Tj ET Q q 0 0 0 rg BT 352.33 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 366.35 126.60 Td (opportunities ) Tj ET Q q 0 0 0 rg BT 421.47 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 431.61 126.60 Td (strategically ) Tj ET Q q 0 0 0 rg BT 482.83 126.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 505.17 126.60 Td (into ) Tj ET Q q 0 0 0 rg BT 523.08 126.60 Td (long-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 92.54 114.60 Td (arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.24 90.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 127.98 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.51 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 154.03 90.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 182.34 90.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 223.42 90.60 Td (region ) Tj ET Q q 0 0 0 rg BT 251.17 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.92 90.60 Td (production ) Tj ET Q q 0 0 0 rg BT 309.44 90.60 Td (is ) Tj ET Q q 0 0 0 rg BT 318.31 90.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 361.60 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 373.79 90.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 431.53 90.60 Td (through ) Tj ET Q q 0 0 0 rg BT 464.83 90.60 Td (local ) Tj ET Q q 0 0 0 rg BT 486.46 90.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 524.76 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.74 90.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (centers ) Tj ET Q q 0 0 0 rg BT 80.13 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 90.22 78.60 Td (Guernsey) Tj ET Q q 0 0 0 rg BT 127.89 78.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.53 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 141.37 78.60 Td (yoming; ) Tj ET Q q 0 0 0 rg BT 177.01 78.60 Td (Clearbrook, ) Tj ET Q q 0 0 0 rg BT 226.81 78.60 Td (Minnesota; ) Tj ET Q q 0 0 0 rg BT 273.95 78.60 Td (W) Tj ET Q q 0 0 0 rg BT 282.59 78.60 Td (ood ) Tj ET Q q 0 0 0 rg BT 299.90 78.60 Td (River) Tj ET Q q 0 0 0 rg BT 321.72 78.60 Td (, ) Tj ET Q q 0 0 0 rg BT 326.53 78.60 Td (Illinois; ) Tj ET Q q 0 0 0 rg BT 359.95 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.70 78.60 Td (most ) Tj ET Q q 0 0 0 rg BT 398.46 78.60 Td (recently ) Tj ET Q q 0 0 0 rg BT 432.97 78.60 Td (Cushing, ) Tj ET Q q 0 0 0 rg BT 471.12 78.60 Td (Oklahoma.Shipments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.98 66.60 Td (some ) Tj ET Q q 0 0 0 rg BT 87.57 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 99.38 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 115.07 66.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 154.65 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 170.34 66.60 Td (at ) Tj ET Q q 0 0 0 rg BT 181.04 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 192.84 66.60 Td (near ) Tj ET Q q 0 0 0 rg BT 213.53 66.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 250.32 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.24 66.60 Td (may ) Tj ET Q q 0 0 0 rg BT 288.93 66.60 Td (be ) Tj ET Q q 0 0 0 rg BT 301.85 66.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 333.66 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 344.91 66.60 Td (apportionment.) Tj ET Q q 0 0 0 rg BT 410.55 66.60 Td (W) Tj ET Q q 0 0 0 rg BT 419.19 66.60 Td (e ) Tj ET Q q 0 0 0 rg BT 427.11 66.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 466.68 66.60 Td (have ) Tj ET Q q 0 0 0 rg BT 489.04 66.60 Td (access ) Tj ET Q q 0 0 0 rg BT 518.05 66.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 531.81 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 543.62 66.60 Td (have ) Tj ET Q endstream endobj 43 0 obj <> endobj 44 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 93.04 726.60 Td (for) Tj ET Q q 0 0 0 rg BT 104.30 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 108.71 726.60 Td (suf) Tj ET Q q 0 0 0 rg BT 120.75 726.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 148.20 726.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 182.31 726.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 217.53 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 726.60 Td (move ) Tj ET Q q 0 0 0 rg BT 251.33 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 266.57 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.03 726.60 Td (production; ) Tj ET Q q 0 0 0 rg BT 327.03 726.60 Td (however) Tj ET Q q 0 0 0 rg BT 361.06 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 365.47 726.60 Td (there ) Tj ET Q q 0 0 0 rg BT 387.36 726.60 Td (can ) Tj ET Q q 0 0 0 rg BT 403.14 726.60 Td (be ) Tj ET Q q 0 0 0 rg BT 414.48 726.60 Td (no ) Tj ET Q q 0 0 0 rg BT 426.38 726.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 467.16 726.60 Td (that ) Tj ET Q q 0 0 0 rg BT 484.06 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 497.62 726.60 Td (will ) Tj ET Q q 0 0 0 rg BT 515.08 726.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.42 726.60 Td (allocated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (suf) Tj ET Q q 0 0 0 rg BT 61.54 714.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 90.64 714.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 126.40 714.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 163.26 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.59 714.60 Td (move ) Tj ET Q q 0 0 0 rg BT 200.36 714.60 Td (all ) Tj ET Q q 0 0 0 rg BT 213.91 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 225.79 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 242.67 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 256.78 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 303.66 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.99 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 330.76 714.60 Td (future.Because ) Tj ET Q q 0 0 0 rg BT 399.00 714.60 Td (local ) Tj ET Q q 0 0 0 rg BT 421.99 714.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 457.20 714.60 Td (for ) Tj ET Q q 0 0 0 rg BT 472.41 714.60 Td (production ) Tj ET Q q 0 0 0 rg BT 519.29 714.60 Td (is ) Tj ET Q q 0 0 0 rg BT 529.51 714.60 Td (small ) Tj ET Q q 0 0 0 rg BT 554.73 714.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (comparison ) Tj ET Q q 0 0 0 rg BT 98.63 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 108.88 702.60 Td (current ) Tj ET Q q 0 0 0 rg BT 139.67 702.60 Td (production ) Tj ET Q q 0 0 0 rg BT 185.46 702.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 213.76 702.60 Td (much ) Tj ET Q q 0 0 0 rg BT 238.45 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.25 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 702.60 Td (production ) Tj ET Q q 0 0 0 rg BT 309.74 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 319.99 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 334.68 702.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 363.26 702.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 404.62 702.60 Td (region ) Tj ET Q q 0 0 0 rg BT 432.64 702.60 Td (is ) Tj ET Q q 0 0 0 rg BT 441.78 702.60 Td (transported ) Tj ET Q q 0 0 0 rg BT 489.24 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 499.49 702.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 533.61 702.60 Td (outside ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.73 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.84 690.60 Td (region. ) Tj ET Q q 0 0 0 rg BT 106.79 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 109.48 690.60 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 154.29 690.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 181.06 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.74 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 206.85 690.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 235.86 690.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 277.65 690.60 Td (region ) Tj ET Q q 0 0 0 rg BT 306.09 690.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.19 690.60 Td (further ) Tj ET Q q 0 0 0 rg BT 351.30 690.60 Td (influenced ) Tj ET Q q 0 0 0 rg BT 396.40 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 409.30 690.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 459.41 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 470.08 690.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.86 690.60 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 540.30 690.60 Td (Brent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.02 678.60 Td (LLS\) ) Tj ET Q q 0 0 0 rg BT 93.21 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 105.08 678.60 Td (coastal ) Tj ET Q q 0 0 0 rg BT 136.92 678.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 172.66 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 191.18 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 205.27 678.60 Td (available ) Tj ET Q q 0 0 0 rg BT 245.44 678.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 281.73 678.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 319.13 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 330.99 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.29 678.60 Td (Midwest ) Tj ET Q q 0 0 0 rg BT 386.37 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.90 678.60 Td (Cushing ) Tj ET Q q 0 0 0 rg BT 442.32 678.60 Td (markets. ) Tj ET Q q 0 0 0 rg BT 480.56 678.60 Td (For ) Tj ET Q q 0 0 0 rg BT 501.03 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 517.33 678.60 Td (year ) Tj ET Q q 0 0 0 rg BT 538.62 678.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.74 666.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.74 666.60 Td (, ) Tj ET Q q 0 0 0 rg BT 132.39 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.76 666.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 182.80 666.60 Td (for ) Tj ET Q q 0 0 0 rg BT 196.61 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 212.10 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 224.81 666.60 Td (production ) Tj ET Q q 0 0 0 rg BT 270.29 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 280.22 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.59 666.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 322.85 666.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 363.89 666.60 Td (region ) Tj ET Q q 0 0 0 rg BT 391.59 666.60 Td (averaged ) Tj ET Q q 0 0 0 rg BT 429.83 666.60 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 454.48 666.60 Td (per ) Tj ET Q q 0 0 0 rg BT 469.40 666.60 Td (Bbl, ) Tj ET Q q 0 0 0 rg BT 488.50 666.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 530.08 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 540.01 666.60 Td ($5.60 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 64.77 654.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 81.72 654.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 654.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.33 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.83 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 149.76 654.60 Td ($10.19 ) Tj ET Q q 0 0 0 rg BT 179.76 654.60 Td (per ) Tj ET Q q 0 0 0 rg BT 195.03 654.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 211.98 654.60 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 240.59 654.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.59 654.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 85.33 630.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.50 630.60 Td (Marketing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 606.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.28 606.60 Td (have ) Tj ET Q q 0 0 0 rg BT 104.86 606.60 Td (minimal ) Tj ET Q q 0 0 0 rg BT 140.89 606.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 171.36 606.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 187.39 606.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 235.92 606.60 Td (as ) Tj ET Q q 0 0 0 rg BT 246.95 606.60 Td (96% ) Tj ET Q q 0 0 0 rg BT 267.98 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 279.02 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 295.05 606.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 317.75 606.60 Td (average ) Tj ET Q q 0 0 0 rg BT 351.54 606.60 Td (daily ) Tj ET Q q 0 0 0 rg BT 374.24 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 420.26 606.60 Td (was ) Tj ET Q q 0 0 0 rg BT 438.52 606.60 Td (oil. ) Tj ET Q q 0 0 0 rg BT 454.28 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 456.78 606.60 Td (V) Tj ET Q q 0 0 0 rg BT 463.41 606.60 Td (irtually ) Tj ET Q q 0 0 0 rg BT 494.99 606.60 Td (all ) Tj ET Q q 0 0 0 rg BT 507.69 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.72 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.75 606.60 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 66.03 594.60 Td (production ) Tj ET Q q 0 0 0 rg BT 112.56 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 123.54 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.96 594.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 160.49 594.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 186.47 594.60 Td (region ) Tj ET Q q 0 0 0 rg BT 215.22 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 225.09 594.60 Td (close ) Tj ET Q q 0 0 0 rg BT 248.84 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 259.82 594.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 294.69 594.60 Td (pipelines; ) Tj ET Q q 0 0 0 rg BT 336.77 594.60 Td (consequently) Tj ET Q q 0 0 0 rg BT 388.89 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 394.59 594.60 Td (we ) Tj ET Q q 0 0 0 rg BT 409.45 594.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 449.86 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 471.94 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 479.58 594.60 Td (variety ) Tj ET Q q 0 0 0 rg BT 510.54 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 522.07 594.60 Td (options ) Tj ET Q q 0 0 0 rg BT 554.72 594.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (market ) Tj ET Q q 0 0 0 rg BT 79.56 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 95.18 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 125.24 582.60 Td (gas.However) Tj ET Q q 0 0 0 rg BT 182.32 582.60 Td (, ) Tj ET Q q 0 0 0 rg BT 187.12 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.74 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 232.80 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 248.43 582.60 Td (production ) Tj ET Q q 0 0 0 rg BT 294.05 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 304.12 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.63 582.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 347.03 582.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 388.22 582.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 418.56 582.60 Td (like ) Tj ET Q q 0 0 0 rg BT 435.85 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 451.47 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 464.32 582.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 512.44 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 521.41 582.60 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (on, ) Tj ET Q q 0 0 0 rg BT 64.12 570.60 Td (among ) Tj ET Q q 0 0 0 rg BT 93.46 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 116.13 570.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 147.96 570.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 178.42 570.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 236.08 570.60 Td (options ) Tj ET Q q 0 0 0 rg BT 267.65 570.60 Td (that ) Tj ET Q q 0 0 0 rg BT 284.77 570.60 Td (can ) Tj ET Q q 0 0 0 rg BT 300.77 570.60 Td (af) Tj ET Q q 0 0 0 rg BT 308.36 570.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 325.47 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 340.92 570.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 368.59 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 378.50 570.60 Td (find ) Tj ET Q q 0 0 0 rg BT 396.73 570.60 Td (markets ) Tj ET Q q 0 0 0 rg BT 430.51 570.60 Td (for ) Tj ET Q q 0 0 0 rg BT 444.29 570.60 Td (it.) Tj ET Q q 0 0 0 rg BT 457.17 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 465.80 570.60 Td (e ) Tj ET Q q 0 0 0 rg BT 472.36 570.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 488.37 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 502.71 570.60 Td (majority ) Tj ET Q q 0 0 0 rg BT 538.72 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 570.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.48 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 97.02 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 110.23 558.60 Td (one-year ) Tj ET Q q 0 0 0 rg BT 148.42 558.60 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 190.23 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 211.22 558.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 238.31 558.60 Td (fluctuating ) Tj ET Q q 0 0 0 rg BT 284.84 558.60 Td (month ) Tj ET Q q 0 0 0 rg BT 313.61 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.60 558.60 Td (month ) Tj ET Q q 0 0 0 rg BT 353.37 558.60 Td (based ) Tj ET Q q 0 0 0 rg BT 379.35 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 392.57 558.60 Td (published ) Tj ET Q q 0 0 0 rg BT 434.67 558.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 470.09 558.60 Td (indices ) Tj ET Q q 0 0 0 rg BT 501.63 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.28 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 540.27 558.60 Td (slight ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (premiums ) Tj ET Q q 0 0 0 rg BT 92.00 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 102.83 546.60 Td (discounts ) Tj ET Q q 0 0 0 rg BT 143.10 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 153.38 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 168.10 546.60 Td (index.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (COMPETITION ) Tj ET Q q 0 0 0 rg BT 124.79 522.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 148.95 522.60 Td (MARKETS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 498.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.34 498.60 Td (face ) Tj ET Q q 0 0 0 rg BT 100.74 498.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 150.27 498.60 Td (from ) Tj ET Q q 0 0 0 rg BT 171.47 498.60 Td (other ) Tj ET Q q 0 0 0 rg BT 193.78 498.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 206.09 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.29 498.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.82 498.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 266.91 498.60 Td (companies ) Tj ET Q q 0 0 0 rg BT 311.43 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 320.97 498.60 Td (all ) Tj ET Q q 0 0 0 rg BT 332.72 498.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 363.36 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.45 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 388.54 498.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 426.69 498.60 Td (including ) Tj ET Q q 0 0 0 rg BT 466.23 498.60 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 511.87 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 521.96 498.60 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.33 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.24 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.02 486.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 139.70 486.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 168.43 486.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 200.22 486.60 Td (rights, ) Tj ET Q q 0 0 0 rg BT 227.84 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.63 486.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 258.52 485.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.77 486.60 Td ( ) Tj ET Q q 0 0 0 rg BT 264.12 486.60 Td (properties; ) Tj ET Q q 0 0 0 rg BT 309.23 486.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 352.12 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.80 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 375.70 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 392.49 486.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 422.60 486.60 Td (gas; ) Tj ET Q q 0 0 0 rg BT 441.05 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 457.84 486.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 497.96 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.75 486.60 Td (maintaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (goods, ) Tj ET Q q 0 0 0 rg BT 77.90 474.60 Td (services ) Tj ET Q q 0 0 0 rg BT 112.12 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 474.60 Td (labor) Tj ET Q q 0 0 0 rg BT 148.56 474.60 Td (.Many ) Tj ET Q q 0 0 0 rg BT 181.40 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.74 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 207.08 474.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 256.30 474.60 Td (have ) Tj ET Q q 0 0 0 rg BT 277.19 474.60 Td (substantially ) Tj ET Q q 0 0 0 rg BT 329.75 474.60 Td (lar) Tj ET Q q 0 0 0 rg BT 340.11 474.60 Td (ger ) Tj ET Q q 0 0 0 rg BT 354.89 474.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.88 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 474.60 Td (other ) Tj ET Q q 0 0 0 rg BT 430.88 474.60 Td (resources.Factors ) Tj ET Q q 0 0 0 rg BT 507.59 474.60 Td (that ) Tj ET Q q 0 0 0 rg BT 524.60 474.60 Td (af) Tj ET Q q 0 0 0 rg BT 532.18 474.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.18 474.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 78.56 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 89.84 462.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 122.77 462.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 166.82 462.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 210.32 462.60 Td (include ) Tj ET Q q 0 0 0 rg BT 243.25 462.60 Td (available ) Tj ET Q q 0 0 0 rg BT 282.85 462.60 Td (liquidity) Tj ET Q q 0 0 0 rg BT 316.09 462.60 Td (, ) Tj ET Q q 0 0 0 rg BT 322.10 462.60 Td (available ) Tj ET Q q 0 0 0 rg BT 361.69 462.60 Td (information ) Tj ET Q q 0 0 0 rg BT 412.41 462.60 Td (about ) Tj ET Q q 0 0 0 rg BT 438.13 462.60 Td (prospective ) Tj ET Q q 0 0 0 rg BT 487.73 462.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 531.22 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.17 462.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (expectations ) Tj ET Q q 0 0 0 rg BT 102.20 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 116.58 450.60 Td (earning ) Tj ET Q q 0 0 0 rg BT 149.29 450.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.45 450.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 198.07 450.60 Td (projected ) Tj ET Q q 0 0 0 rg BT 237.99 450.60 Td (return ) Tj ET Q q 0 0 0 rg BT 264.59 450.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.31 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 293.36 450.60 Td (investments.Because ) Tj ET Q q 0 0 0 rg BT 384.68 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 395.73 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 410.67 450.60 Td (primary ) Tj ET Q q 0 0 0 rg BT 445.04 450.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 472.75 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 483.80 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 499.86 450.60 Td (core ) Tj ET Q q 0 0 0 rg BT 519.79 450.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 545.84 450.60 Td (\(our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 81.24 438.60 Td (operations\) ) Tj ET Q q 0 0 0 rg BT 129.08 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.39 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 162.58 438.60 Td (ownership ) Tj ET Q q 0 0 0 rg BT 207.10 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 218.30 438.60 Td (relatively ) Tj ET Q q 0 0 0 rg BT 258.92 438.60 Td (uncommon ) Tj ET Q q 0 0 0 rg BT 306.78 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 351.86 438.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.48 438.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 415.34 438.60 Td (of ) Tj ET Q q 0 0 0 rg BT 426.53 438.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 440.42 437.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.67 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 446.54 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 457.18 438.60 Td (the ) Tj ET Q q 0 0 0 rg BT 472.26 438.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 493.45 438.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 519.09 438.60 Td (and ) Tj ET Q q 0 0 0 rg BT 536.40 438.60 Td (Rocky ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 90.65 426.60 Td (regions, ) Tj ET Q q 0 0 0 rg BT 124.85 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 138.77 426.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 169.91 426.60 Td (that ) Tj ET Q q 0 0 0 rg BT 187.17 426.60 Td (we ) Tj ET Q q 0 0 0 rg BT 201.09 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 215.56 426.60 Td (ef) Tj ET Q q 0 0 0 rg BT 223.15 426.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 252.62 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 262.66 426.60 Td (competing ) Tj ET Q q 0 0 0 rg BT 307.13 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 317.17 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.65 426.60 Td (market ) Tj ET Q q 0 0 0 rg BT 361.68 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 378.38 426.60 Td (have ) Tj ET Q q 0 0 0 rg BT 399.52 426.60 Td (less ) Tj ET Q q 0 0 0 rg BT 416.79 426.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 466.82 426.60 Td (than ) Tj ET Q q 0 0 0 rg BT 486.30 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 501.89 426.60 Td (peers ) Tj ET Q q 0 0 0 rg BT 525.25 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.29 426.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (aspects ) Tj ET Q q 0 0 0 rg BT 80.88 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.71 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.54 414.60 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.57 390.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 121.75 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 136.93 390.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 175.99 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.95 390.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 245.78 390.60 Td (field ) Tj ET Q q 0 0 0 rg BT 267.62 390.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 310.02 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 321.32 390.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 341.51 390.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 366.14 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 384.10 390.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 419.28 390.60 Td (field ) Tj ET Q q 0 0 0 rg BT 441.12 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 486.30 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 504.26 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 519.44 390.60 Td (geologists, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 108.79 378.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 150.01 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 167.35 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 190.80 378.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 246.47 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.15 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.27 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.73 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 303.07 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.30 378.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 354.99 378.60 Td (can ) Tj ET Q q 0 0 0 rg BT 371.77 378.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 409.65 378.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 458.99 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 464.39 378.60 Td (often ) Tj ET Q q 0 0 0 rg BT 487.84 378.60 Td (in ) Tj ET Q q 0 0 0 rg BT 498.52 378.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 544.74 378.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.90 366.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 127.13 366.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 160.52 366.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 196.13 366.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 236.75 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 247.38 366.60 Td (such ) Tj ET Q q 0 0 0 rg BT 268.55 366.60 Td (personnel.Prior ) Tj ET Q q 0 0 0 rg BT 337.78 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 348.40 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.47 366.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 390.74 366.60 Td (downturn ) Tj ET Q q 0 0 0 rg BT 431.92 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 442.55 366.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 455.95 366.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 485.18 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 500.24 366.60 Td (competition ) Tj ET Q q 0 0 0 rg BT 550.86 366.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 87.89 354.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 126.82 354.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 168.54 354.60 Td (had ) Tj ET Q q 0 0 0 rg BT 185.82 354.60 Td (been ) Tj ET Q q 0 0 0 rg BT 207.54 354.60 Td (extensive, ) Tj ET Q q 0 0 0 rg BT 250.65 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.93 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 284.10 354.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 325.82 354.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.67 354.60 Td (escalated. ) Tj ET Q q 0 0 0 rg BT 390.65 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 393.29 354.60 Td (There ) Tj ET Q q 0 0 0 rg BT 419.45 354.60 Td (were ) Tj ET Q q 0 0 0 rg BT 441.72 354.60 Td (also ) Tj ET Q q 0 0 0 rg BT 460.67 354.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 492.95 354.60 Td (with ) Tj ET Q q 0 0 0 rg BT 513.57 354.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 554.18 354.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 83.16 342.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 102.37 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 121.02 342.60 Td (other ) Tj ET Q q 0 0 0 rg BT 145.78 342.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 194.71 342.60 Td (as ) Tj ET Q q 0 0 0 rg BT 207.25 342.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 243.12 342.60 Td (for ) Tj ET Q q 0 0 0 rg BT 259.00 342.60 Td (rigs ) Tj ET Q q 0 0 0 rg BT 278.21 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 296.86 342.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 343.29 342.60 Td (has ) Tj ET Q q 0 0 0 rg BT 360.83 342.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 402.80 342.60 Td (along ) Tj ET Q q 0 0 0 rg BT 429.23 342.60 Td (with ) Tj ET Q q 0 0 0 rg BT 451.22 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.65 342.60 Td (number ) Tj ET Q q 0 0 0 rg BT 502.42 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 514.96 342.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 540.28 342.60 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (drilled.) Tj ET Q q 0 0 0 rg BT 82.92 330.60 Td (These ) Tj ET Q q 0 0 0 rg BT 109.07 330.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 138.55 330.60 Td (also ) Tj ET Q q 0 0 0 rg BT 156.92 330.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 181.40 330.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.88 330.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 264.80 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 274.84 330.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 297.11 330.60 Td (for ) Tj ET Q q 0 0 0 rg BT 311.04 330.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 358.03 330.60 Td (services ) Tj ET Q q 0 0 0 rg BT 392.50 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 409.21 330.60 Td (personnel.) Tj ET Q q 0 0 0 rg BT 455.41 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 464.04 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 470.75 330.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 499.68 330.60 Td (be ) Tj ET Q q 0 0 0 rg BT 511.38 330.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 540.86 330.60 Td (when ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.15 318.60 Td (will ) Tj ET Q q 0 0 0 rg BT 80.70 318.60 Td (experience ) Tj ET Q q 0 0 0 rg BT 125.99 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 148.52 318.60 Td (issues, ) Tj ET Q q 0 0 0 rg BT 176.90 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.33 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 215.87 318.60 Td (types ) Tj ET Q q 0 0 0 rg BT 238.97 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.29 318.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 289.05 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 299.37 318.60 Td (price ) Tj ET Q q 0 0 0 rg BT 321.34 318.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 359.98 318.60 Td (could ) Tj ET Q q 0 0 0 rg BT 384.18 318.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 436.16 318.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 472.57 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 487.89 318.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 512.09 318.60 Td (mar) Tj ET Q q 0 0 0 rg BT 527.46 318.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 544.73 318.60 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 70.33 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.27 306.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 127.53 306.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 158.64 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 175.58 306.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 200.29 306.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 245.00 306.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 273.04 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 283.32 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 299.15 306.60 Td (development ) Tj ET Q q 0 0 0 rg BT 353.30 306.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (FEDERAL) Tj ET Q q 0 0 0 rg BT 96.73 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.68 282.60 Td (AND ) Tj ET Q q 0 0 0 rg BT 122.84 282.60 Td (ST) Tj ET Q q 0 0 0 rg BT 134.33 282.60 Td (A) Tj ET Q q 0 0 0 rg BT 140.81 282.60 Td (TE ) Tj ET Q q 0 0 0 rg BT 156.65 282.60 Td (REGULA) Tj ET Q q 0 0 0 rg BT 198.69 282.60 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.60 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 111.92 258.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 144.93 258.60 Td (state ) Tj ET Q q 0 0 0 rg BT 166.02 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.21 258.60 Td (local ) Tj ET Q q 0 0 0 rg BT 205.41 258.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 226.49 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 243.69 258.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 290.88 258.60 Td (govern ) Tj ET Q q 0 0 0 rg BT 321.41 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 336.39 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 349.70 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.90 258.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 382.99 258.60 Td (industry) Tj ET Q q 0 0 0 rg BT 415.12 258.60 Td (.) Tj ET Q q 0 0 0 rg BT 422.07 258.60 Td (Additions ) Tj ET Q q 0 0 0 rg BT 464.27 258.60 Td (or ) Tj ET Q q 0 0 0 rg BT 475.36 258.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 510.33 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 258.60 Td (these ) Tj ET Q q 0 0 0 rg BT 544.17 258.60 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 246.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 115.30 246.60 Td (are ) Tj ET Q q 0 0 0 rg BT 130.96 246.60 Td (often ) Tj ET Q q 0 0 0 rg BT 154.97 246.60 Td (made ) Tj ET Q q 0 0 0 rg BT 180.09 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 191.33 246.60 Td (response ) Tj ET Q q 0 0 0 rg BT 229.78 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 241.02 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 256.70 246.60 Td (current ) Tj ET Q q 0 0 0 rg BT 288.48 246.60 Td (political ) Tj ET Q q 0 0 0 rg BT 324.71 246.60 Td (or ) Tj ET Q q 0 0 0 rg BT 336.50 246.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 378.84 246.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 435.34 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 438.80 246.60 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 490.58 246.60 Td (with ) Tj ET Q q 0 0 0 rg BT 511.82 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 527.50 246.60 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 92.24 234.60 Td (landscape ) Tj ET Q q 0 0 0 rg BT 133.31 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 141.62 234.60 Td (often ) Tj ET Q q 0 0 0 rg BT 163.82 234.60 Td (dif) Tj ET Q q 0 0 0 rg BT 174.74 234.60 Td (ficult, ) Tj ET Q q 0 0 0 rg BT 199.99 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.08 234.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 260.50 234.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 297.68 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 316.55 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 327.63 234.60 Td (incurred ) Tj ET Q q 0 0 0 rg BT 362.59 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 375.90 234.60 Td (noncompliance. ) Tj ET Q q 0 0 0 rg BT 441.13 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 442.41 234.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 492.32 234.60 Td (, ) Tj ET Q q 0 0 0 rg BT 496.46 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.32 234.60 Td (future ) Tj ET Q q 0 0 0 rg BT 535.85 234.60 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.67 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 80.06 222.60 Td (complying ) Tj ET Q q 0 0 0 rg BT 125.89 222.60 Td (with ) Tj ET Q q 0 0 0 rg BT 146.73 222.60 Td (all ) Tj ET Q q 0 0 0 rg BT 159.78 222.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 181.17 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.67 222.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 246.16 222.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 290.31 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.15 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.53 222.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 362.25 222.60 Td (is ) Tj ET Q q 0 0 0 rg BT 371.98 222.60 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 412.24 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.74 222.60 Td (will ) Tj ET Q q 0 0 0 rg BT 448.35 222.60 Td (be ) Tj ET Q q 0 0 0 rg BT 460.85 222.60 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 504.46 222.60 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.50 222.60 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (several ) Tj ET Q q 0 0 0 rg BT 80.36 210.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 112.62 210.60 Td (including ) Tj ET Q q 0 0 0 rg BT 152.94 210.60 Td (future ) Tj ET Q q 0 0 0 rg BT 179.36 210.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 214.11 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.44 210.60 Td (legal ) Tj ET Q q 0 0 0 rg BT 246.42 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.40 210.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 307.04 210.60 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 364.29 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 366.84 210.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 421.58 210.60 Td (believes ) Tj ET Q q 0 0 0 rg BT 456.90 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 474.44 210.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 516.42 210.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (with ) Tj ET Q q 0 0 0 rg BT 69.37 198.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 103.12 198.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 123.54 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 140.07 198.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 186.59 198.60 Td (applicable ) Tj ET Q q 0 0 0 rg BT 229.77 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.64 198.60 Td (our ) Tj ET Q q 0 0 0 rg BT 255.06 198.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 298.81 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 315.33 198.60 Td (future ) Tj ET Q q 0 0 0 rg BT 341.30 198.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 389.48 198.60 Td (therewith ) Tj ET Q q 0 0 0 rg BT 429.33 198.60 Td (will ) Tj ET Q q 0 0 0 rg BT 446.98 198.60 Td (not ) Tj ET Q q 0 0 0 rg BT 461.85 198.60 Td (have ) Tj ET Q q 0 0 0 rg BT 482.82 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 489.34 198.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 531.97 198.60 Td (adverse ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 186.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 73.54 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 85.01 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.80 186.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 151.81 186.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 188.26 186.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 224.45 186.60 Td (results ) Tj ET Q q 0 0 0 rg BT 252.02 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.82 186.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 304.94 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 314.74 186.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.97 186.60 Td (flows, ) Tj ET Q q 0 0 0 rg BT 360.16 186.60 Td (although ) Tj ET Q q 0 0 0 rg BT 396.62 186.60 Td (such ) Tj ET Q q 0 0 0 rg BT 416.42 186.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 436.22 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.12 186.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 500.52 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.43 186.60 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 92.92 174.60 Td (could ) Tj ET Q q 0 0 0 rg BT 118.29 174.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 143.65 174.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 189.02 174.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 217.72 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 229.20 174.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 271.23 174.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 303.82 174.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 351.13 174.60 Td (which ) Tj ET Q q 0 0 0 rg BT 378.72 174.60 Td (may) Tj ET Q q 0 0 0 rg BT 395.29 174.60 Td (, ) Tj ET Q q 0 0 0 rg BT 400.95 174.60 Td (among ) Tj ET Q q 0 0 0 rg BT 431.32 174.60 Td (other ) Tj ET Q q 0 0 0 rg BT 455.02 174.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 485.12 174.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 510.48 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.97 174.60 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 162.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 116.70 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.64 162.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 153.91 162.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 178.63 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 188.91 162.60 Td (be ) Tj ET Q q 0 0 0 rg BT 200.85 162.60 Td (less ) Tj ET Q q 0 0 0 rg BT 218.35 162.60 Td (than ) Tj ET Q q 0 0 0 rg BT 238.06 162.60 Td (anticipated.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 138.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.74 138.60 Td (sections ) Tj ET Q q 0 0 0 rg BT 161.36 138.60 Td (describe ) Tj ET Q q 0 0 0 rg BT 197.08 138.60 Td (some ) Tj ET Q q 0 0 0 rg BT 220.60 138.60 Td (specific ) Tj ET Q q 0 0 0 rg BT 254.10 138.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 274.83 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.67 138.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 338.51 138.60 Td (that ) Tj ET Q q 0 0 0 rg BT 355.91 138.60 Td (may ) Tj ET Q q 0 0 0 rg BT 375.53 138.60 Td (af) Tj ET Q q 0 0 0 rg BT 383.12 138.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 400.51 138.60 Td (us.) Tj ET Q q 0 0 0 rg BT 416.72 138.60 Td (W) Tj ET Q q 0 0 0 rg BT 425.36 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 432.20 138.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 461.26 138.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 491.43 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.05 138.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 524.57 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 535.30 138.60 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 126.60 Td (these ) Tj ET Q q 0 0 0 rg BT 83.38 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 94.21 126.60 Td (other ) Tj ET Q q 0 0 0 rg BT 117.25 126.60 Td (future ) Tj ET Q q 0 0 0 rg BT 143.63 126.60 Td (legislative ) Tj ET Q q 0 0 0 rg BT 187.23 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.06 126.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 241.65 126.60 Td (initiatives.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 98.67 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 109.50 102.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 145.33 102.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 164.50 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 183.12 102.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 198.96 102.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 252.58 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.20 102.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 281.57 102.60 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.54 78.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 127.69 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 141.39 78.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 171.20 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.47 78.60 Td (various ) Tj ET Q q 0 0 0 rg BT 211.40 78.60 Td (types ) Tj ET Q q 0 0 0 rg BT 234.00 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.82 78.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 285.85 78.60 Td (at ) Tj ET Q q 0 0 0 rg BT 294.56 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 308.27 78.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 340.01 78.60 Td (state ) Tj ET Q q 0 0 0 rg BT 359.83 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.76 78.60 Td (local ) Tj ET Q q 0 0 0 rg BT 396.68 78.60 Td (levels.Such ) Tj ET Q q 0 0 0 rg BT 449.00 78.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 491.03 78.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 525.85 78.60 Td (requiring ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 81.68 66.60 Td (for ) Tj ET Q q 0 0 0 rg BT 95.52 66.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 127.15 66.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 153.22 66.60 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 203.17 66.60 Td (bonding ) Tj ET Q q 0 0 0 rg BT 238.13 66.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 292.51 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 302.47 66.60 Td (order ) Tj ET Q q 0 0 0 rg BT 325.75 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 335.72 66.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 354.56 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 365.08 66.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 396.68 66.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 419.97 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.59 66.60 Td (regulating ) Tj ET Q q 0 0 0 rg BT 479.32 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 493.72 66.60 Td (location ) Tj ET Q q 0 0 0 rg BT 528.11 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 538.63 66.60 Td (wells; ) Tj ET Q endstream endobj 45 0 obj <> endobj 46 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (22) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.46 726.60 Td (method ) Tj ET Q q 0 0 0 rg BT 97.19 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 108.26 726.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 140.45 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.63 726.60 Td (casing ) Tj ET Q q 0 0 0 rg BT 185.92 726.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 212.54 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.50 726.60 Td (surface ) Tj ET Q q 0 0 0 rg BT 259.11 726.60 Td (use ) Tj ET Q q 0 0 0 rg BT 275.18 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 292.36 726.60 Td (restoration ) Tj ET Q q 0 0 0 rg BT 337.86 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 348.93 726.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 391.66 726.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 414.40 726.60 Td (which ) Tj ET Q q 0 0 0 rg BT 441.58 726.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 465.43 726.60 Td (are ) Tj ET Q q 0 0 0 rg BT 480.38 726.60 Td (drilled; ) Tj ET Q q 0 0 0 rg BT 512.00 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 726.60 Td (plugging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.21 714.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 113.13 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 122.73 714.60 Td (wells; ) Tj ET Q q 0 0 0 rg BT 147.88 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 163.59 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 177.08 714.60 Td (composition ) Tj ET Q q 0 0 0 rg BT 227.79 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 237.39 714.60 Td (disposal ) Tj ET Q q 0 0 0 rg BT 271.43 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.03 714.60 Td (chemicals ) Tj ET Q q 0 0 0 rg BT 322.28 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.99 714.60 Td (fluids ) Tj ET Q q 0 0 0 rg BT 362.04 714.60 Td (used ) Tj ET Q q 0 0 0 rg BT 381.63 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 390.68 714.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 435.82 714.60 Td (with ) Tj ET Q q 0 0 0 rg BT 454.87 714.60 Td (operations.Our ) Tj ET Q q 0 0 0 rg BT 520.84 714.60 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.81 702.60 Td (also ) Tj ET Q q 0 0 0 rg BT 82.01 702.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 112.44 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 122.31 702.60 Td (various ) Tj ET Q q 0 0 0 rg BT 153.85 702.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 207.04 702.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 227.47 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 244.01 702.60 Td (regulations.) Tj ET Q q 0 0 0 rg BT 295.76 702.60 Td (These ) Tj ET Q q 0 0 0 rg BT 321.74 702.60 Td (include ) Tj ET Q q 0 0 0 rg BT 353.27 702.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 395.91 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 406.34 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 420.65 702.60 Td (size ) Tj ET Q q 0 0 0 rg BT 438.30 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 448.73 702.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 482.77 702.60 Td (spacing ) Tj ET Q q 0 0 0 rg BT 515.42 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.84 702.60 Td (proration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (units ) Tj ET Q q 0 0 0 rg BT 70.86 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 87.21 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.34 690.60 Td (density ) Tj ET Q q 0 0 0 rg BT 132.13 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.37 690.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 165.39 690.60 Td (that ) Tj ET Q q 0 0 0 rg BT 182.30 690.60 Td (may ) Tj ET Q q 0 0 0 rg BT 201.43 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 212.77 690.60 Td (drilled ) Tj ET Q q 0 0 0 rg BT 240.79 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 250.48 690.60 Td (those ) Tj ET Q q 0 0 0 rg BT 273.50 690.60 Td (units, ) Tj ET Q q 0 0 0 rg BT 297.36 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.71 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.83 690.60 Td (unitization ) Tj ET Q q 0 0 0 rg BT 372.51 690.60 Td (or ) Tj ET Q q 0 0 0 rg BT 382.75 690.60 Td (pooling ) Tj ET Q q 0 0 0 rg BT 415.22 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 425.46 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.93 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 454.28 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.52 690.60 Td (properties.In ) Tj ET Q q 0 0 0 rg BT 527.24 690.60 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 80.11 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.41 678.60 Td (state ) Tj ET Q q 0 0 0 rg BT 118.60 678.60 Td (conservation ) Tj ET Q q 0 0 0 rg BT 172.55 678.60 Td (laws, ) Tj ET Q q 0 0 0 rg BT 196.24 678.60 Td (which ) Tj ET Q q 0 0 0 rg BT 223.54 678.60 Td (establish ) Tj ET Q q 0 0 0 rg BT 261.40 678.60 Td (maximum ) Tj ET Q q 0 0 0 rg BT 304.81 678.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 326.55 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.74 678.60 Td (production ) Tj ET Q q 0 0 0 rg BT 383.92 678.60 Td (from ) Tj ET Q q 0 0 0 rg BT 406.22 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 419.64 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.94 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 453.13 678.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 479.60 678.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 519.66 678.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 554.18 678.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 79.70 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 94.35 666.60 Td (venting ) Tj ET Q q 0 0 0 rg BT 126.78 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.55 666.60 Td (flaring ) Tj ET Q q 0 0 0 rg BT 166.64 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 177.40 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.60 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.37 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.24 666.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 271.57 666.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 301.20 666.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 355.84 666.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 396.59 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.24 666.60 Td (ratability ) Tj ET Q q 0 0 0 rg BT 449.78 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 460.54 666.60 Td (production.) Tj ET Q q 0 0 0 rg BT 511.19 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 529.17 666.60 Td (ef) Tj ET Q q 0 0 0 rg BT 536.76 666.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 554.18 666.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 654.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 93.38 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 110.33 654.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 157.26 654.60 Td (may ) Tj ET Q q 0 0 0 rg BT 176.99 654.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 198.38 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 213.10 654.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.60 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.43 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.50 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.44 654.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 316.71 654.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.54 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 346.70 654.60 Td (can ) Tj ET Q q 0 0 0 rg BT 363.08 654.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 397.79 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 419.74 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 435.57 654.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 459.18 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 476.13 654.60 Td (may ) Tj ET Q q 0 0 0 rg BT 495.85 654.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 517.24 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 531.96 654.60 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.56 642.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 82.40 642.60 Td (or ) Tj ET Q q 0 0 0 rg BT 92.45 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 106.40 642.60 Td (locations ) Tj ET Q q 0 0 0 rg BT 144.23 642.60 Td (at ) Tj ET Q q 0 0 0 rg BT 153.18 642.60 Td (which ) Tj ET Q q 0 0 0 rg BT 179.34 642.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.73 642.60 Td (can ) Tj ET Q q 0 0 0 rg BT 208.34 642.60 Td (drill.Regulatory ) Tj ET Q q 0 0 0 rg BT 278.67 642.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 332.60 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 348.76 642.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 396.58 642.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 428.29 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 437.80 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 451.74 642.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 464.03 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.19 642.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 495.25 642.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 529.76 642.60 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 630.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 87.83 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 98.66 630.60 Td (doing ) Tj ET Q q 0 0 0 rg BT 123.94 630.60 Td (business ) Tj ET Q q 0 0 0 rg BT 160.33 630.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 179.77 630.60 Td (consequently) Tj ET Q q 0 0 0 rg BT 231.88 630.60 Td (, ) Tj ET Q q 0 0 0 rg BT 236.88 630.60 Td (af) Tj ET Q q 0 0 0 rg BT 244.47 630.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 261.96 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.79 630.60 Td (profitability) Tj ET Q q 0 0 0 rg BT 324.91 630.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.76 606.60 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 133.93 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 144.76 606.60 Td (Sales ) Tj ET Q q 0 0 0 rg BT 168.93 606.60 Td (Prices ) Tj ET Q q 0 0 0 rg BT 197.53 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.97 606.60 Td (T) Tj ET Q q 0 0 0 rg BT 221.90 606.60 Td (ransportation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.56 582.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 143.61 582.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 156.95 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 582.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 203.62 582.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 225.57 582.60 Td (with ) Tj ET Q q 0 0 0 rg BT 245.85 582.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 276.68 582.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 289.47 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 319.75 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 335.59 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 345.88 582.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 385.04 582.60 Td (commerce ) Tj ET Q q 0 0 0 rg BT 429.19 582.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.91 582.60 Td (heavily ) Tj ET Q q 0 0 0 rg BT 475.85 582.60 Td (regulated ) Tj ET Q q 0 0 0 rg BT 515.57 582.60 Td (by ) Tj ET Q q 0 0 0 rg BT 528.08 582.60 Td (agencies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.87 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.12 570.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 93.94 570.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 123.73 570.60 Td (government ) Tj ET Q q 0 0 0 rg BT 173.54 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 190.01 570.60 Td (are ) Tj ET Q q 0 0 0 rg BT 204.26 570.60 Td (af) Tj ET Q q 0 0 0 rg BT 211.84 570.60 Td (fected ) Tj ET Q q 0 0 0 rg BT 238.31 570.60 Td (by) Tj ET Q q 0 0 0 rg BT 247.66 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 252.19 570.60 Td (among ) Tj ET Q q 0 0 0 rg BT 281.45 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 304.03 570.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 333.02 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 347.27 570.60 Td (availability) Tj ET Q q 0 0 0 rg BT 391.61 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 396.15 570.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 420.40 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.88 570.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 455.02 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.39 570.60 Td (transportation.Notably) Tj ET Q q 0 0 0 rg BT 560.00 570.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.88 558.60 Td (price ) Tj ET Q q 0 0 0 rg BT 88.03 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 105.64 558.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 131.02 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 142.52 558.60 Td (access ) Tj ET Q q 0 0 0 rg BT 171.22 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 182.16 558.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 217.54 558.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 276.25 558.60 Td (are ) Tj ET Q q 0 0 0 rg BT 291.62 558.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 323.11 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 334.05 558.60 Td (extensive ) Tj ET Q q 0 0 0 rg BT 374.98 558.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 395.93 558.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 426.85 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 444.46 558.60 Td (state ) Tj ET Q q 0 0 0 rg BT 465.95 558.60 Td (regulation.) Tj ET Q q 0 0 0 rg BT 513.81 558.60 Td (The ) Tj ET Q q 0 0 0 rg BT 532.52 558.60 Td (Federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 68.20 546.60 Td (gy ) Tj ET Q q 0 0 0 rg BT 80.37 546.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 126.99 546.60 Td (Commission ) Tj ET Q q 0 0 0 rg BT 179.73 546.60 Td (\(FERC\) ) Tj ET Q q 0 0 0 rg BT 222.45 546.60 Td (is ) Tj ET Q q 0 0 0 rg BT 231.30 546.60 Td (continually ) Tj ET Q q 0 0 0 rg BT 278.47 546.60 Td (proposing ) Tj ET Q q 0 0 0 rg BT 320.65 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.26 546.60 Td (implementing ) Tj ET Q q 0 0 0 rg BT 394.99 546.60 Td (new ) Tj ET Q q 0 0 0 rg BT 413.83 546.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 441.55 546.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 479.83 546.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 501.45 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 546.60 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 534.60 Td (fecting ) Tj ET Q q 0 0 0 rg BT 86.85 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 101.06 534.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.82 534.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.14 534.60 Td (industry) Tj ET Q q 0 0 0 rg BT 178.27 534.60 Td (, ) Tj ET Q q 0 0 0 rg BT 182.76 534.60 Td (some ) Tj ET Q q 0 0 0 rg BT 205.87 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.19 534.60 Td (which ) Tj ET Q q 0 0 0 rg BT 242.63 534.60 Td (may ) Tj ET Q q 0 0 0 rg BT 261.84 534.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 302.15 534.60 Td (af) Tj ET Q q 0 0 0 rg BT 309.73 534.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 326.71 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 340.93 534.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 387.91 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 404.34 534.60 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.21 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 455.54 534.60 Td (interruptible ) Tj ET Q q 0 0 0 rg BT 506.96 534.60 Td (transportation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (service ) Tj ET Q q 0 0 0 rg BT 80.15 522.60 Td (on ) Tj ET Q q 0 0 0 rg BT 92.49 522.60 Td (interstate ) Tj ET Q q 0 0 0 rg BT 131.48 522.60 Td (pipelines.) Tj ET Q q 0 0 0 rg BT 174.91 522.60 Td (While ) Tj ET Q q 0 0 0 rg BT 201.68 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.35 522.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 239.12 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 249.79 522.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 274.34 522.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 289.73 522.60 Td (condensate ) Tj ET Q q 0 0 0 rg BT 336.50 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 353.27 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 383.38 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 399.05 522.60 Td (liquids ) Tj ET Q q 0 0 0 rg BT 428.61 522.60 Td (are ) Tj ET Q q 0 0 0 rg BT 443.16 522.60 Td (not ) Tj ET Q q 0 0 0 rg BT 458.27 522.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 496.71 522.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 527.37 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 537.49 522.60 Td (FERC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (regulation, ) Tj ET Q q 0 0 0 rg BT 95.28 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 111.35 510.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 139.64 510.60 Td (to ) Tj ET Q q 0 0 0 rg BT 150.16 510.60 Td (transport ) Tj ET Q q 0 0 0 rg BT 188.44 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 205.62 510.60 Td (sell ) Tj ET Q q 0 0 0 rg BT 222.24 510.60 Td (such ) Tj ET Q q 0 0 0 rg BT 243.31 510.60 Td (products ) Tj ET Q q 0 0 0 rg BT 280.49 510.60 Td (is ) Tj ET Q q 0 0 0 rg BT 289.90 510.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 333.73 510.60 Td (on ) Tj ET Q q 0 0 0 rg BT 346.47 510.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 376.41 510.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 415.25 510.60 Td (whose ) Tj ET Q q 0 0 0 rg BT 443.54 510.60 Td (rates, ) Tj ET Q q 0 0 0 rg BT 467.65 510.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 492.61 510.60 Td (and ) Tj ET Q q 0 0 0 rg BT 509.79 510.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 554.19 510.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (service ) Tj ET Q q 0 0 0 rg BT 81.62 498.60 Td (are ) Tj ET Q q 0 0 0 rg BT 97.63 498.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.75 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 141.33 498.60 Td (FERC ) Tj ET Q q 0 0 0 rg BT 170.14 498.60 Td (regulation.) Tj ET Q q 0 0 0 rg BT 217.63 498.60 Td (Additional ) Tj ET Q q 0 0 0 rg BT 264.21 498.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 306.34 498.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.58 498.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 376.69 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 395.49 498.60 Td (might ) Tj ET Q q 0 0 0 rg BT 422.63 498.60 Td (af) Tj ET Q q 0 0 0 rg BT 430.22 498.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.00 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 465.02 498.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 496.58 498.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 513.72 498.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 550.30 498.60 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 95.65 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 117.92 486.60 Td (time ) Tj ET Q q 0 0 0 rg BT 138.53 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 149.14 486.60 Td (time ) Tj ET Q q 0 0 0 rg BT 169.75 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 182.59 486.60 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 225.14 486.60 Td (FERC, ) Tj ET Q q 0 0 0 rg BT 255.49 486.60 Td (state ) Tj ET Q q 0 0 0 rg BT 276.65 486.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 320.57 486.60 Td (bodies ) Tj ET Q q 0 0 0 rg BT 349.52 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.79 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 381.84 486.60 Td (courts, ) Tj ET Q q 0 0 0 rg BT 411.61 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 428.89 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 443.38 486.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 472.87 486.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 503.47 486.60 Td (when ) Tj ET Q q 0 0 0 rg BT 527.96 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 539.13 486.60 Td (if ) Tj ET Q q 0 0 0 rg BT 548.07 486.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 474.60 Td (proposals ) Tj ET Q q 0 0 0 rg BT 111.16 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 121.99 474.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 172.81 474.60 Td (might ) Tj ET Q q 0 0 0 rg BT 198.64 474.60 Td (become ) Tj ET Q q 0 0 0 rg BT 232.23 474.60 Td (ef) Tj ET Q q 0 0 0 rg BT 239.82 474.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 269.52 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.46 474.60 Td (their ) Tj ET Q q 0 0 0 rg BT 307.29 474.60 Td (ef) Tj ET Q q 0 0 0 rg BT 314.88 474.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 332.36 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 343.19 474.60 Td (impact, ) Tj ET Q q 0 0 0 rg BT 375.40 474.60 Td (if ) Tj ET Q q 0 0 0 rg BT 384.01 474.60 Td (any) Tj ET Q q 0 0 0 rg BT 397.80 474.60 Td (, ) Tj ET Q q 0 0 0 rg BT 402.80 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 415.30 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.13 474.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (Federal ) Tj ET Q q 0 0 0 rg BT 84.76 450.60 Td (Energy ) Tj ET Q q 0 0 0 rg BT 118.37 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.00 450.60 Td (Climate ) Tj ET Q q 0 0 0 rg BT 173.37 450.60 Td (Change ) Tj ET Q q 0 0 0 rg BT 208.66 450.60 Td (Legislation ) Tj ET Q q 0 0 0 rg BT 258.38 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 277.00 450.60 Td (Regulation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 426.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 120.56 426.60 Td (Safety) Tj ET Q q 0 0 0 rg BT 145.46 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 150.33 426.60 Td (Regulatory ) Tj ET Q q 0 0 0 rg BT 197.13 426.60 Td (Certainty ) Tj ET Q q 0 0 0 rg BT 236.72 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 253.53 426.60 Td (Job ) Tj ET Q q 0 0 0 rg BT 269.79 426.60 Td (Creation ) Tj ET Q q 0 0 0 rg BT 306.07 426.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 322.88 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 333.58 426.60 Td (201) Tj ET Q q 0 0 0 rg BT 348.21 426.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 358.08 426.60 Td (among ) Tj ET Q q 0 0 0 rg BT 387.67 426.60 Td (other ) Tj ET Q q 0 0 0 rg BT 410.58 426.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 439.90 426.60 Td (updated ) Tj ET Q q 0 0 0 rg BT 473.93 426.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 504.05 426.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 538.63 426.60 Td (safety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (standards, ) Tj ET Q q 0 0 0 rg BT 92.42 414.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 132.83 414.60 Td (penalties ) Tj ET Q q 0 0 0 rg BT 171.03 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 185.34 414.60 Td (violations ) Tj ET Q q 0 0 0 rg BT 227.44 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.42 414.60 Td (such ) Tj ET Q q 0 0 0 rg BT 259.40 414.60 Td (standards, ) Tj ET Q q 0 0 0 rg BT 302.33 414.60 Td (gave ) Tj ET Q q 0 0 0 rg BT 323.86 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 338.73 414.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 388.58 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.38 414.60 Td (T) Tj ET Q q 0 0 0 rg BT 405.13 414.60 Td (ransportation) Tj ET Q q 0 0 0 rg BT 460.68 414.60 Td (s ) Tj ET Q q 0 0 0 rg BT 467.22 414.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 502.65 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 519.74 414.60 Td (Hazardous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (Materials ) Tj ET Q q 0 0 0 rg BT 89.60 402.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 116.97 402.60 Td (Administration ) Tj ET Q q 0 0 0 rg BT 179.86 402.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 197.74 402.60 Td (PHMSA\) ) Tj ET Q q 0 0 0 rg BT 246.75 402.60 Td (authority ) Tj ET Q q 0 0 0 rg BT 285.19 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 299.19 402.60 Td (new ) Tj ET Q q 0 0 0 rg BT 318.19 402.60 Td (damage ) Tj ET Q q 0 0 0 rg BT 351.62 402.60 Td (prevention ) Tj ET Q q 0 0 0 rg BT 396.72 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.49 402.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 448.04 402.60 Td (notification, ) Tj ET Q q 0 0 0 rg BT 498.98 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.76 402.60 Td (directed ) Tj ET Q q 0 0 0 rg BT 550.30 402.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (PHMSA) Tj ET Q q 0 0 0 rg BT 83.41 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 85.49 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.36 390.60 Td (prescribe ) Tj ET Q q 0 0 0 rg BT 134.09 390.60 Td (new ) Tj ET Q q 0 0 0 rg BT 152.84 390.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 193.81 390.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 219.78 390.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 259.63 390.60 Td (for ) Tj ET Q q 0 0 0 rg BT 273.38 390.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 287.27 389.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 290.52 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 292.61 390.60 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 333.30 390.60 Td (which ) Tj ET Q q 0 0 0 rg BT 359.82 390.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 385.78 390.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 425.64 390.60 Td (could ) Tj ET Q q 0 0 0 rg BT 449.94 390.60 Td (af) Tj ET Q q 0 0 0 rg BT 457.53 390.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 474.60 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 490.02 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 533.76 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 390.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.30 378.60 Td (thereof. ) Tj ET Q q 0 0 0 rg BT 105.92 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.52 378.60 Td (While ) Tj ET Q q 0 0 0 rg BT 135.75 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.77 378.60 Td (PHMSA) Tj ET Q q 0 0 0 rg BT 184.68 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 187.48 378.60 Td (has ) Tj ET Q q 0 0 0 rg BT 203.61 378.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 238.07 378.60 Td (or ) Tj ET Q q 0 0 0 rg BT 249.20 378.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 288.66 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 299.24 378.60 Td (adopt ) Tj ET Q q 0 0 0 rg BT 324.26 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 331.50 378.60 Td (number ) Tj ET Q q 0 0 0 rg BT 364.85 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 375.98 378.60 Td (new ) Tj ET Q q 0 0 0 rg BT 395.44 378.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 442.68 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 453.26 378.60 Td (implement ) Tj ET Q q 0 0 0 rg BT 498.83 378.60 Td (this ) Tj ET Q q 0 0 0 rg BT 516.08 378.60 Td (act, ) Tj ET Q q 0 0 0 rg BT 533.04 378.60 Td (no ) Tj ET Q q 0 0 0 rg BT 545.84 378.60 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.89 366.60 Td (safety ) Tj ET Q q 0 0 0 rg BT 117.27 366.60 Td (standards ) Tj ET Q q 0 0 0 rg BT 157.54 366.60 Td (have ) Tj ET Q q 0 0 0 rg BT 178.91 366.60 Td (been ) Tj ET Q q 0 0 0 rg BT 200.29 366.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 239.45 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 250.28 366.60 Td (adopted ) Tj ET Q q 0 0 0 rg BT 284.44 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 298.60 366.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 312.49 365.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.74 366.60 Td ( ) Tj ET Q q 0 0 0 rg BT 318.24 366.60 Td (pipelines.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (Both ) Tj ET Q q 0 0 0 rg BT 89.67 342.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 120.15 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.31 342.60 Td (state ) Tj ET Q q 0 0 0 rg BT 158.36 342.60 Td (authorities ) Tj ET Q q 0 0 0 rg BT 203.30 342.60 Td (have ) Tj ET Q q 0 0 0 rg BT 224.90 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 235.41 342.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 262.55 342.60 Td (years ) Tj ET Q q 0 0 0 rg BT 286.38 342.60 Td (proposed ) Tj ET Q q 0 0 0 rg BT 325.76 342.60 Td (new ) Tj ET Q q 0 0 0 rg BT 345.15 342.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 392.30 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 402.81 342.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 424.42 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 439.37 342.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 477.65 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 488.70 342.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 536.96 342.60 Td (gasses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 60.94 330.60 Td (part ) Tj ET Q q 0 0 0 rg BT 79.59 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 91.02 330.60 Td (climate ) Tj ET Q q 0 0 0 rg BT 123.56 330.60 Td (change ) Tj ET Q q 0 0 0 rg BT 154.98 330.60 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 202.52 330.60 Td (For ) Tj ET Q q 0 0 0 rg BT 219.52 330.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 259.00 330.60 Td (both ) Tj ET Q q 0 0 0 rg BT 279.88 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 295.20 330.60 Td (EP) Tj ET Q q 0 0 0 rg BT 305.96 330.60 Td (A) Tj ET Q q 0 0 0 rg BT 312.63 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 315.73 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 333.27 330.60 Td (BLM ) Tj ET Q q 0 0 0 rg BT 358.05 330.60 Td (have ) Tj ET Q q 0 0 0 rg BT 380.03 330.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 408.14 330.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 455.68 330.60 Td (for ) Tj ET Q q 0 0 0 rg BT 470.44 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 485.76 330.60 Td (control ) Tj ET Q q 0 0 0 rg BT 517.20 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.63 330.60 Td (methane ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (emissions. ) Tj ET Q q 0 0 0 rg BT 94.48 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 97.28 318.60 Td (The ) Tj ET Q q 0 0 0 rg BT 115.86 318.60 Td (EP) Tj ET Q q 0 0 0 rg BT 126.61 318.60 Td (A) Tj ET Q q 0 0 0 rg BT 133.28 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 136.31 318.60 Td (has ) Tj ET Q q 0 0 0 rg BT 152.67 318.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 206.23 318.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 253.70 318.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 293.38 318.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 338.07 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 352.75 318.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 382.98 318.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 416.00 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 427.36 318.60 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 475.92 318.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 492.28 318.60 Td (emissions, ) Tj ET Q q 0 0 0 rg BT 537.25 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 554.72 318.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (May ) Tj ET Q q 0 0 0 rg BT 69.99 306.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 94.65 306.60 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 147.35 306.60 Td (final ) Tj ET Q q 0 0 0 rg BT 167.84 306.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 214.43 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.37 306.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 253.17 306.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 289.20 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 305.80 306.60 Td (volatile ) Tj ET Q q 0 0 0 rg BT 337.95 306.60 Td (or) Tj ET Q q 0 0 0 rg BT 346.10 306.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 369.92 306.60 Td (compound ) Tj ET Q q 0 0 0 rg BT 414.29 306.60 Td (emissions ) Tj ET Q q 0 0 0 rg BT 455.90 306.60 Td (from ) Tj ET Q q 0 0 0 rg BT 477.50 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.88 306.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 504.59 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.19 306.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 536.68 306.60 Td (sector) Tj ET Q q 0 0 0 rg BT 560.00 306.60 Td (. ) Tj ET Q q 0 0 0 rg BT 565.00 306.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (Enforcement ) Tj ET Q q 0 0 0 rg BT 102.63 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.44 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 134.48 294.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 180.39 294.60 Td (may ) Tj ET Q q 0 0 0 rg BT 199.10 294.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 229.47 294.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 270.95 294.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 292.43 294.60 Td (related ) Tj ET Q q 0 0 0 rg BT 321.12 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 330.38 294.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 377.96 294.60 Td (with ) Tj ET Q q 0 0 0 rg BT 397.22 294.60 Td (new ) Tj ET Q q 0 0 0 rg BT 415.37 294.60 Td (emission ) Tj ET Q q 0 0 0 rg BT 452.41 294.60 Td (limits, ) Tj ET Q q 0 0 0 rg BT 479.18 294.60 Td (as ) Tj ET Q q 0 0 0 rg BT 489.00 294.60 Td (well ) Tj ET Q q 0 0 0 rg BT 507.70 294.60 Td (as ) Tj ET Q q 0 0 0 rg BT 517.51 294.60 Td (inspections ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.38 282.60 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 121.34 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.11 282.60 Td (several ) Tj ET Q q 0 0 0 rg BT 164.87 282.60 Td (types ) Tj ET Q q 0 0 0 rg BT 189.41 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 201.18 282.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 246.83 282.60 Td (used ) Tj ET Q q 0 0 0 rg BT 268.60 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 279.82 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 296.59 282.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 344.18 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 347.62 282.60 Td (Conversely) Tj ET Q q 0 0 0 rg BT 392.52 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 398.46 282.60 Td (on ) Tj ET Q q 0 0 0 rg BT 411.90 282.60 Td (February ) Tj ET Q q 0 0 0 rg BT 451.44 282.60 Td (3, ) Tj ET Q q 0 0 0 rg BT 462.38 282.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 488.31 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 503.97 282.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 525.19 282.60 Td (House ) Tj ET Q q 0 0 0 rg BT 554.18 282.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (Representatives ) Tj ET Q q 0 0 0 rg BT 115.17 270.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 154.74 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 161.54 270.60 Td (resolution ) Tj ET Q q 0 0 0 rg BT 203.89 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.03 270.60 Td (void ) Tj ET Q q 0 0 0 rg BT 234.17 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 240.97 270.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 272.20 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 282.89 270.60 Td (Land ) Tj ET Q q 0 0 0 rg BT 305.80 270.60 Td (Management ) Tj ET Q q 0 0 0 rg BT 360.36 270.60 Td (rule ) Tj ET Q q 0 0 0 rg BT 378.27 270.60 Td (restricting ) Tj ET Q q 0 0 0 rg BT 421.17 270.60 Td (methane ) Tj ET Q q 0 0 0 rg BT 457.40 270.60 Td (venting ) Tj ET Q q 0 0 0 rg BT 489.76 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.55 270.60 Td (flaring, ) Tj ET Q q 0 0 0 rg BT 538.07 270.60 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (must ) Tj ET Q q 0 0 0 rg BT 71.45 258.60 Td (be ) Tj ET Q q 0 0 0 rg BT 83.39 258.60 Td (approved ) Tj ET Q q 0 0 0 rg BT 123.09 258.60 Td (by ) Tj ET Q q 0 0 0 rg BT 135.59 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 150.31 258.60 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 170.59 258.60 Td (Senate ) Tj ET Q q 0 0 0 rg BT 199.75 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.69 258.60 Td (signed ) Tj ET Q q 0 0 0 rg BT 245.30 258.60 Td (by ) Tj ET Q q 0 0 0 rg BT 257.80 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.51 258.60 Td (President ) Tj ET Q q 0 0 0 rg BT 312.23 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 322.51 258.60 Td (take ) Tj ET Q q 0 0 0 rg BT 341.66 258.60 Td (ef) Tj ET Q q 0 0 0 rg BT 349.25 258.60 Td (fect. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 85.33 234.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.50 234.60 Td (Gathering ) Tj ET Q q 0 0 0 rg BT 150.89 234.60 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 210.60 Td (State ) Tj ET Q q 0 0 0 rg BT 90.08 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 107.11 210.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 137.45 210.60 Td (regulation ) Tj ET Q q 0 0 0 rg BT 180.58 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 221.84 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 237.76 210.60 Td (gathering ) Tj ET Q q 0 0 0 rg BT 278.11 210.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 315.13 210.60 Td (generally ) Tj ET Q q 0 0 0 rg BT 354.92 210.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 390.83 210.60 Td (various ) Tj ET Q q 0 0 0 rg BT 422.85 210.60 Td (safety) Tj ET Q q 0 0 0 rg BT 446.08 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 451.17 210.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 511.51 210.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 531.04 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 541.41 210.60 Td (some ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 111.96 198.60 Td (nondiscriminatory-take ) Tj ET Q q 0 0 0 rg BT 208.59 198.60 Td (requirements.) Tj ET Q q 0 0 0 rg BT 268.11 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 277.15 198.60 Td (ith ) Tj ET Q q 0 0 0 rg BT 291.03 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.57 198.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 342.65 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 353.75 198.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 406.50 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 424.27 198.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 465.35 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 477.00 198.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.09 198.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 524.74 198.60 Td (gathering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 71.35 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 82.10 186.60 Td (various ) Tj ET Q q 0 0 0 rg BT 114.50 186.60 Td (states, ) Tj ET Q q 0 0 0 rg BT 142.19 186.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 172.92 186.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 189.21 186.60 Td (gathering ) Tj ET Q q 0 0 0 rg BT 229.94 186.60 Td (is ) Tj ET Q q 0 0 0 rg BT 239.58 186.60 Td (receiving ) Tj ET Q q 0 0 0 rg BT 279.75 186.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 310.47 186.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 354.53 186.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 389.71 186.60 Td (from ) Tj ET Q q 0 0 0 rg BT 412.11 186.60 Td (state ) Tj ET Q q 0 0 0 rg BT 433.41 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 450.81 186.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 481.53 186.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 525.59 186.60 Td (agencies, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.44 174.60 Td (is ) Tj ET Q q 0 0 0 rg BT 85.61 174.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 110.88 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 121.16 174.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 158.09 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.37 174.60 Td (the ) Tj ET Q q 0 0 0 rg BT 183.09 174.60 Td (future.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Federal, ) Tj ET Q q 0 0 0 rg BT 87.26 150.60 Td (State ) Tj ET Q q 0 0 0 rg BT 111.42 150.60 Td (or) Tj ET Q q 0 0 0 rg BT 120.68 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 123.18 150.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 154.04 150.60 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.96 126.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 130.53 126.60 Td (on ) Tj ET Q q 0 0 0 rg BT 143.44 126.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 176.60 126.60 Td (state ) Tj ET Q q 0 0 0 rg BT 197.84 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 209.08 126.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 237.53 126.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 251.00 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 268.35 126.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 284.59 126.60 Td (leases, ) Tj ET Q q 0 0 0 rg BT 313.88 126.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 356.77 126.60 Td (those ) Tj ET Q q 0 0 0 rg BT 380.79 126.60 Td (in ) Tj ET Q q 0 0 0 rg BT 391.47 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.60 126.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 435.62 126.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 477.42 126.60 Td (region, ) Tj ET Q q 0 0 0 rg BT 508.37 126.60 Td (are ) Tj ET Q q 0 0 0 rg BT 523.49 126.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 126.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 90.52 114.60 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 139.03 114.60 Td (including ) Tj ET Q q 0 0 0 rg BT 178.38 114.60 Td (nondiscrimination ) Tj ET Q q 0 0 0 rg BT 252.73 114.60 Td (statutes. ) Tj ET Q q 0 0 0 rg BT 286.80 114.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.38 114.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 309.96 114.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 353.19 114.60 Td (must ) Tj ET Q q 0 0 0 rg BT 374.22 114.60 Td (be ) Tj ET Q q 0 0 0 rg BT 385.24 114.60 Td (conducted ) Tj ET Q q 0 0 0 rg BT 427.91 114.60 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 463.93 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.28 114.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 502.06 114.60 Td (on-site ) Tj ET Q q 0 0 0 rg BT 530.86 114.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 98.00 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.51 102.60 Td (other ) Tj ET Q q 0 0 0 rg BT 141.13 102.60 Td (permits ) Tj ET Q q 0 0 0 rg BT 175.19 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 193.70 102.60 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 254.42 102.60 Td (issued ) Tj ET Q q 0 0 0 rg BT 283.48 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 297.55 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.84 102.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 346.79 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 359.18 102.60 Td (Land ) Tj ET Q q 0 0 0 rg BT 383.80 102.60 Td (Management, ) Tj ET Q q 0 0 0 rg BT 442.57 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 458.86 102.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 491.80 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.20 102.60 Td (Ocean ) Tj ET Q q 0 0 0 rg BT 533.81 102.60 Td (Ener) Tj ET Q q 0 0 0 rg BT 552.50 102.60 Td (gy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (Management, ) Tj ET Q q 0 0 0 rg BT 107.43 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 122.88 90.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 154.99 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 166.55 90.60 Td (Safety ) Tj ET Q q 0 0 0 rg BT 195.33 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.00 90.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 275.66 90.60 Td (Enforcement, ) Tj ET Q q 0 0 0 rg BT 333.03 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 348.48 90.60 Td (Bureau ) Tj ET Q q 0 0 0 rg BT 380.59 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 392.15 90.60 Td (Indian ) Tj ET Q q 0 0 0 rg BT 420.22 90.60 Td (Af) Tj ET Q q 0 0 0 rg BT 430.59 90.60 Td (fairs, ) Tj ET Q q 0 0 0 rg BT 454.09 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 471.76 90.60 Td (other ) Tj ET Q q 0 0 0 rg BT 495.53 90.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 526.52 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 544.19 90.60 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (stakeholder ) Tj ET Q q 0 0 0 rg BT 98.09 78.60 Td (agencies.) Tj ET Q endstream endobj 47 0 obj <> endobj 48 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (23) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 726.75 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 726.75 Td (Regulations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.25 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 98.01 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 114.65 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 144.62 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 160.15 702.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.17 702.75 Td (saltwater ) Tj ET Q q 0 0 0 rg BT 246.47 702.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 281.45 702.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 327.80 702.75 Td (injection ) Tj ET Q q 0 0 0 rg BT 365.00 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 375.53 702.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.42 701.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.67 702.75 Td (, ) Tj ET Q q 0 0 0 rg BT 397.37 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 414.01 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 428.43 702.75 Td (processing, ) Tj ET Q q 0 0 0 rg BT 475.90 702.75 Td (handling ) Tj ET Q q 0 0 0 rg BT 513.09 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 529.73 702.75 Td (disposal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.68 690.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 98.18 690.75 Td (such ) Tj ET Q q 0 0 0 rg BT 118.37 690.75 Td (as ) Tj ET Q q 0 0 0 rg BT 128.55 690.75 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 184.83 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 201.12 690.75 Td (naturally ) Tj ET Q q 0 0 0 rg BT 238.51 690.75 Td (occurring ) Tj ET Q q 0 0 0 rg BT 278.68 690.75 Td (radioactive ) Tj ET Q q 0 0 0 rg BT 324.95 690.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 363.46 690.75 Td (\(NORM\) ) Tj ET Q q 0 0 0 rg BT 410.85 690.75 Td (are ) Tj ET Q q 0 0 0 rg BT 424.91 690.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 455.09 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 464.72 690.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 501.56 690.75 Td (regulation.) Tj ET Q q 0 0 0 rg BT 549.42 690.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 690.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (could ) Tj ET Q q 0 0 0 rg BT 74.26 678.75 Td (incur ) Tj ET Q q 0 0 0 rg BT 97.34 678.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 142.09 678.75 Td (costs, ) Tj ET Q q 0 0 0 rg BT 167.13 678.75 Td (including ) Tj ET Q q 0 0 0 rg BT 207.44 678.75 Td (cleanup ) Tj ET Q q 0 0 0 rg BT 241.08 678.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.62 678.75 Td (resulting ) Tj ET Q q 0 0 0 rg BT 301.15 678.75 Td (from ) Tj ET Q q 0 0 0 rg BT 323.13 678.75 Td (a ) Tj ET Q q 0 0 0 rg BT 330.11 678.75 Td (release ) Tj ET Q q 0 0 0 rg BT 360.40 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 371.27 678.75 Td (product, ) Tj ET Q q 0 0 0 rg BT 406.85 678.75 Td (third-party ) Tj ET Q q 0 0 0 rg BT 452.16 678.75 Td (claims ) Tj ET Q q 0 0 0 rg BT 480.80 678.75 Td (for ) Tj ET Q q 0 0 0 rg BT 495.00 678.75 Td (property ) Tj ET Q q 0 0 0 rg BT 531.41 678.75 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.10 666.75 Td (personal ) Tj ET Q q 0 0 0 rg BT 104.14 666.75 Td (injuries, ) Tj ET Q q 0 0 0 rg BT 139.80 666.75 Td (or ) Tj ET Q q 0 0 0 rg BT 151.29 666.75 Td (penalties ) Tj ET Q q 0 0 0 rg BT 189.99 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 207.59 666.75 Td (other ) Tj ET Q q 0 0 0 rg BT 231.30 666.75 Td (sanctions ) Tj ET Q q 0 0 0 rg BT 271.68 666.75 Td (as ) Tj ET Q q 0 0 0 rg BT 283.17 666.75 Td (a ) Tj ET Q q 0 0 0 rg BT 290.77 666.75 Td (result ) Tj ET Q q 0 0 0 rg BT 316.15 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 327.64 666.75 Td (any ) Tj ET Q q 0 0 0 rg BT 345.24 666.75 Td (violations ) Tj ET Q q 0 0 0 rg BT 387.84 666.75 Td (or ) Tj ET Q q 0 0 0 rg BT 399.34 666.75 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 439.71 666.75 Td (under ) Tj ET Q q 0 0 0 rg BT 465.65 666.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 526.57 666.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 666.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.43 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 105.26 654.75 Td (other ) Tj ET Q q 0 0 0 rg BT 127.31 654.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 147.14 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 163.07 654.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 209.01 654.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 251.59 654.75 Td (to ) Tj ET Q q 0 0 0 rg BT 260.87 654.75 Td (our ) Tj ET Q q 0 0 0 rg BT 275.70 654.75 Td (operations.Changes ) Tj ET Q q 0 0 0 rg BT 360.79 654.75 Td (in, ) Tj ET Q q 0 0 0 rg BT 372.57 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 382.40 654.75 Td (more ) Tj ET Q q 0 0 0 rg BT 404.45 654.75 Td (stringent ) Tj ET Q q 0 0 0 rg BT 440.94 654.75 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 492.41 654.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 504.74 654.75 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 70.09 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 86.78 642.75 Td (other ) Tj ET Q q 0 0 0 rg BT 109.59 642.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 130.17 642.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 173.52 642.75 Td (to ) Tj ET Q q 0 0 0 rg BT 183.56 642.75 Td (our ) Tj ET Q q 0 0 0 rg BT 199.14 642.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.06 642.75 Td (could ) Tj ET Q q 0 0 0 rg BT 267.53 642.75 Td (also ) Tj ET Q q 0 0 0 rg BT 285.90 642.75 Td (result ) Tj ET Q q 0 0 0 rg BT 310.37 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 320.41 642.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 348.21 642.75 Td (or ) Tj ET Q q 0 0 0 rg BT 358.80 642.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 401.05 642.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 441.07 642.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 463.32 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 480.02 642.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 508.93 642.75 Td (expenditures.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.75 Td (V) Tj ET Q q 0 0 0 rg BT 73.61 618.75 Td (arious ) Tj ET Q q 0 0 0 rg BT 100.26 618.75 Td (federal, ) Tj ET Q q 0 0 0 rg BT 132.72 618.75 Td (state ) Tj ET Q q 0 0 0 rg BT 153.26 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 169.91 618.75 Td (local ) Tj ET Q q 0 0 0 rg BT 191.55 618.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 212.09 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 228.74 618.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 275.38 618.75 Td (controlling ) Tj ET Q q 0 0 0 rg BT 321.47 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.90 618.75 Td (dischar) Tj ET Q q 0 0 0 rg BT 364.59 618.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 376.24 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 386.78 618.75 Td (materials ) Tj ET Q q 0 0 0 rg BT 425.64 618.75 Td (into ) Tj ET Q q 0 0 0 rg BT 443.41 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 457.83 618.75 Td (environment, ) Tj ET Q q 0 0 0 rg BT 513.09 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 523.63 618.75 Td (otherwise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.30 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 94.34 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 109.82 606.75 Td (protection ) Tj ET Q q 0 0 0 rg BT 153.63 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 165.22 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 180.70 606.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 234.50 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 606.75 Td (human ) Tj ET Q q 0 0 0 rg BT 282.68 606.75 Td (health, ) Tj ET Q q 0 0 0 rg BT 312.87 606.75 Td (directly ) Tj ET Q q 0 0 0 rg BT 346.68 606.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 377.15 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 393.74 606.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.56 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.26 606.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 441.85 606.75 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 493.16 606.75 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 606.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (production ) Tj ET Q q 0 0 0 rg BT 96.05 594.75 Td (operations.) Tj ET Q q 0 0 0 rg BT 145.03 594.75 Td (These ) Tj ET Q q 0 0 0 rg BT 172.13 594.75 Td (include, ) Tj ET Q q 0 0 0 rg BT 207.29 594.75 Td (among ) Tj ET Q q 0 0 0 rg BT 237.74 594.75 Td (others, ) Tj ET Q q 0 0 0 rg BT 267.90 594.75 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 282.79 594.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 330.45 594.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 365.33 594.75 Td (by ) Tj ET Q q 0 0 0 rg BT 378.56 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.01 594.75 Td (EP) Tj ET Q q 0 0 0 rg BT 404.76 594.75 Td (A) Tj ET Q q 0 0 0 rg BT 411.43 594.75 Td ( ) Tj ET Q q 0 0 0 rg BT 414.66 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.32 594.75 Td (various ) Tj ET Q q 0 0 0 rg BT 464.99 594.75 Td (state ) Tj ET Q q 0 0 0 rg BT 486.54 594.75 Td (agencies ) Tj ET Q q 0 0 0 rg BT 524.19 594.75 Td (regarding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 89.21 582.75 Td (methods ) Tj ET Q q 0 0 0 rg BT 125.61 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 136.44 582.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 171.73 582.75 Td (for ) Tj ET Q q 0 0 0 rg BT 185.89 582.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 215.60 582.75 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 258.65 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.59 582.75 Td (nonhazardous ) Tj ET Q q 0 0 0 rg BT 333.63 582.75 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 365.58 582.75 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 379.75 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.47 582.75 Td (Comprehensive ) Tj ET Q q 0 0 0 rg BT 459.74 582.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 521.67 582.75 Td (Response, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (Compensation, ) Tj ET Q q 0 0 0 rg BT 112.00 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 128.66 570.75 Td (Liability ) Tj ET Q q 0 0 0 rg BT 164.83 570.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 181.49 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 198.15 570.75 Td (analogous ) Tj ET Q q 0 0 0 rg BT 240.92 570.75 Td (state ) Tj ET Q q 0 0 0 rg BT 261.47 570.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 282.02 570.75 Td (that ) Tj ET Q q 0 0 0 rg BT 299.24 570.75 Td (regulate ) Tj ET Q q 0 0 0 rg BT 333.67 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 348.11 570.75 Td (removal ) Tj ET Q q 0 0 0 rg BT 383.09 570.75 Td (or ) Tj ET Q q 0 0 0 rg BT 393.65 570.75 Td (remediation ) Tj ET Q q 0 0 0 rg BT 443.63 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 454.18 570.75 Td (previously ) Tj ET Q q 0 0 0 rg BT 498.62 570.75 Td (disposed ) Tj ET Q q 0 0 0 rg BT 535.85 570.75 Td (wastes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 95.49 558.75 Td (wastes ) Tj ET Q q 0 0 0 rg BT 127.04 558.75 Td (disposed ) Tj ET Q q 0 0 0 rg BT 166.92 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 180.14 558.75 Td (or ) Tj ET Q q 0 0 0 rg BT 193.35 558.75 Td (released ) Tj ET Q q 0 0 0 rg BT 231.00 558.75 Td (by ) Tj ET Q q 0 0 0 rg BT 245.88 558.75 Td (prior ) Tj ET Q q 0 0 0 rg BT 270.21 558.75 Td (owners ) Tj ET Q q 0 0 0 rg BT 303.97 558.75 Td (or ) Tj ET Q q 0 0 0 rg BT 317.19 558.75 Td (operators\), ) Tj ET Q q 0 0 0 rg BT 365.11 558.75 Td (property ) Tj ET Q q 0 0 0 rg BT 403.88 558.75 Td (contamination ) Tj ET Q q 0 0 0 rg BT 465.97 558.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 511.96 558.75 Td (groundwater ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (contamination\), ) Tj ET Q q 0 0 0 rg BT 114.52 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 130.95 546.75 Td (remedial ) Tj ET Q q 0 0 0 rg BT 167.92 546.75 Td (plugging ) Tj ET Q q 0 0 0 rg BT 205.46 546.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 249.10 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 258.87 546.75 Td (prevent ) Tj ET Q q 0 0 0 rg BT 290.84 546.75 Td (future ) Tj ET Q q 0 0 0 rg BT 316.71 546.75 Td (contamination; ) Tj ET Q q 0 0 0 rg BT 378.68 546.75 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 392.33 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.53 546.75 Td (Clean ) Tj ET Q q 0 0 0 rg BT 431.41 546.75 Td (Air ) Tj ET Q q 0 0 0 rg BT 446.28 546.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 462.71 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 479.14 546.75 Td (comparable ) Tj ET Q q 0 0 0 rg BT 527.76 546.75 Td (state ) Tj ET Q q 0 0 0 rg BT 548.08 546.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (local ) Tj ET Q q 0 0 0 rg BT 72.55 534.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 128.37 534.75 Td (already ) Tj ET Q q 0 0 0 rg BT 161.41 534.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 206.12 534.75 Td (to ) Tj ET Q q 0 0 0 rg BT 217.51 534.75 Td (our ) Tj ET Q q 0 0 0 rg BT 234.46 534.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 279.73 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 297.79 534.75 Td (new ) Tj ET Q q 0 0 0 rg BT 318.07 534.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 366.12 534.75 Td (on ) Tj ET Q q 0 0 0 rg BT 379.73 534.75 Td (air ) Tj ET Q q 0 0 0 rg BT 393.90 534.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 436.96 534.75 Td (from ) Tj ET Q q 0 0 0 rg BT 460.02 534.75 Td (our ) Tj ET Q q 0 0 0 rg BT 476.97 534.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 524.74 534.75 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (greenhouse ) Tj ET Q q 0 0 0 rg BT 97.56 522.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 113.42 522.75 Td (emissions ) Tj ET Q q 0 0 0 rg BT 155.39 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 172.35 522.75 Td (those ) Tj ET Q q 0 0 0 rg BT 195.98 522.75 Td (that ) Tj ET Q q 0 0 0 rg BT 213.50 522.75 Td (could ) Tj ET Q q 0 0 0 rg BT 238.25 522.75 Td (discourage ) Tj ET Q q 0 0 0 rg BT 284.08 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 298.83 522.75 Td (production ) Tj ET Q q 0 0 0 rg BT 344.68 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 355.53 522.75 Td (fossil ) Tj ET Q q 0 0 0 rg BT 379.72 522.75 Td (fuels ) Tj ET Q q 0 0 0 rg BT 401.69 522.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 421.71 522.75 Td (when ) Tj ET Q q 0 0 0 rg BT 445.89 522.75 Td (used, ) Tj ET Q q 0 0 0 rg BT 469.25 522.75 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 512.32 522.75 Td (release ) Tj ET Q q 0 0 0 rg BT 542.60 522.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 556.49 521.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.74 522.75 Td (; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.66 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 78.38 510.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 93.66 510.75 Td (Pollution ) Tj ET Q q 0 0 0 rg BT 132.29 510.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 149.23 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.06 510.75 Td (1990, ) Tj ET Q q 0 0 0 rg BT 185.06 510.75 Td (which ) Tj ET Q q 0 0 0 rg BT 212.00 510.75 Td (contains ) Tj ET Q q 0 0 0 rg BT 247.83 510.75 Td (numerous ) Tj ET Q q 0 0 0 rg BT 289.77 510.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 344.48 510.75 Td (relating ) Tj ET Q q 0 0 0 rg BT 377.52 510.75 Td (to ) Tj ET Q q 0 0 0 rg BT 387.80 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 402.52 510.75 Td (prevention ) Tj ET Q q 0 0 0 rg BT 447.79 510.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 461.12 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 478.06 510.75 Td (response ) Tj ET Q q 0 0 0 rg BT 515.55 510.75 Td (to, ) Tj ET Q q 0 0 0 rg BT 528.33 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 541.39 510.75 Td (spills ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (into ) Tj ET Q q 0 0 0 rg BT 67.16 498.75 Td (waters ) Tj ET Q q 0 0 0 rg BT 95.37 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.80 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.13 498.75 Td (United ) Tj ET Q q 0 0 0 rg BT 149.45 498.75 Td (States; ) Tj ET Q q 0 0 0 rg BT 178.22 498.75 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 191.99 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 206.31 498.75 Td (Resource ) Tj ET Q q 0 0 0 rg BT 245.62 498.75 Td (Conservation ) Tj ET Q q 0 0 0 rg BT 301.05 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 317.60 498.75 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 357.55 498.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 376.60 498.75 Td (which ) Tj ET Q q 0 0 0 rg BT 403.14 498.75 Td (is ) Tj ET Q q 0 0 0 rg BT 411.92 498.75 Td (the ) Tj ET Q q 0 0 0 rg BT 426.24 498.75 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.89 498.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 493.75 498.75 Td (statute ) Tj ET Q q 0 0 0 rg BT 521.96 498.75 Td (governing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.26 486.75 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 107.06 486.75 Td (storage ) Tj ET Q q 0 0 0 rg BT 138.47 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 155.45 486.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 190.77 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.64 486.75 Td (hazardous ) Tj ET Q q 0 0 0 rg BT 244.72 486.75 Td (wastes; ) Tj ET Q q 0 0 0 rg BT 276.70 486.75 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 290.90 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 305.66 486.75 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 355.95 486.75 Td (Species ) Tj ET Q q 0 0 0 rg BT 388.48 486.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 405.46 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 422.44 486.75 Td (counterpart ) Tj ET Q q 0 0 0 rg BT 470.51 486.75 Td (state ) Tj ET Q q 0 0 0 rg BT 491.37 486.75 Td (legislation, ) Tj ET Q q 0 0 0 rg BT 538.08 486.75 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (protects ) Tj ET Q q 0 0 0 rg BT 83.66 474.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 113.38 474.75 Td (species ) Tj ET Q q 0 0 0 rg BT 144.76 474.75 Td (\(and ) Tj ET Q q 0 0 0 rg BT 165.04 474.75 Td (their ) Tj ET Q q 0 0 0 rg BT 185.87 474.75 Td (related ) Tj ET Q q 0 0 0 rg BT 215.58 474.75 Td (habitats\), ) Tj ET Q q 0 0 0 rg BT 255.03 474.75 Td (including ) Tj ET Q q 0 0 0 rg BT 295.31 474.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.02 474.75 Td (species ) Tj ET Q q 0 0 0 rg BT 356.40 474.75 Td (that ) Tj ET Q q 0 0 0 rg BT 373.91 474.75 Td (could ) Tj ET Q q 0 0 0 rg BT 398.63 474.75 Td (be ) Tj ET Q q 0 0 0 rg BT 410.58 474.75 Td (present ) Tj ET Q q 0 0 0 rg BT 441.97 474.75 Td (on ) Tj ET Q q 0 0 0 rg BT 454.48 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 470.31 474.75 Td (leases, ) Tj ET Q q 0 0 0 rg BT 499.20 474.75 Td (as ) Tj ET Q q 0 0 0 rg BT 510.04 474.75 Td (threatened ) Tj ET Q q 0 0 0 rg BT 554.19 474.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (endangered; ) Tj ET Q q 0 0 0 rg BT 101.36 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.79 462.75 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 133.45 462.75 Td (state ) Tj ET Q q 0 0 0 rg BT 154.77 462.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 202.20 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 219.63 462.75 Td (statutes ) Tj ET Q q 0 0 0 rg BT 252.62 462.75 Td (governing ) Tj ET Q q 0 0 0 rg BT 296.17 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 311.38 462.75 Td (handling, ) Tj ET Q q 0 0 0 rg BT 351.87 462.75 Td (treatment, ) Tj ET Q q 0 0 0 rg BT 395.12 462.75 Td (storage ) Tj ET Q q 0 0 0 rg BT 427.00 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 444.43 462.75 Td (disposal ) Tj ET Q q 0 0 0 rg BT 480.20 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 491.53 462.75 Td (NORM ) Tj ET Q q 0 0 0 rg BT 524.53 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 462.75 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (wastes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.72 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 93.83 426.75 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 122.83 426.75 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 164.61 426.75 Td (Region, ) Tj ET Q q 0 0 0 rg BT 198.89 426.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 229.54 426.75 Td (agencies) Tj ET Q q 0 0 0 rg BT 266.55 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 269.45 426.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 300.66 426.75 Td (based ) Tj ET Q q 0 0 0 rg BT 326.33 426.75 Td (upon ) Tj ET Q q 0 0 0 rg BT 349.22 426.75 Td (their ) Tj ET Q q 0 0 0 rg BT 370.44 426.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 431.09 426.75 Td (review ) Tj ET Q q 0 0 0 rg BT 461.19 426.75 Td (responsibilities ) Tj ET Q q 0 0 0 rg BT 524.63 426.75 Td (under ) Tj ET Q q 0 0 0 rg BT 550.30 426.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (National ) Tj ET Q q 0 0 0 rg BT 86.98 414.75 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 149.46 414.75 Td (Policy ) Tj ET Q q 0 0 0 rg BT 177.40 414.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 194.89 414.75 Td (can ) Tj ET Q q 0 0 0 rg BT 211.81 414.75 Td (significantly ) Tj ET Q q 0 0 0 rg BT 264.86 414.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 295.12 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 310.39 414.75 Td (scope ) Tj ET Q q 0 0 0 rg BT 336.21 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 353.69 414.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 382.86 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 394.24 414.75 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 447.83 414.75 Td (development ) Tj ET Q q 0 0 0 rg BT 502.53 414.75 Td (by ) Tj ET Q q 0 0 0 rg BT 515.58 414.75 Td (slowing ) Tj ET Q q 0 0 0 rg BT 550.30 414.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.18 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 89.08 402.75 Td (individual ) Tj ET Q q 0 0 0 rg BT 132.21 402.75 Td (applications ) Tj ET Q q 0 0 0 rg BT 183.10 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 197.33 402.75 Td (permits ) Tj ET Q q 0 0 0 rg BT 229.90 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.24 402.75 Td (drill ) Tj ET Q q 0 0 0 rg BT 259.48 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 276.49 402.75 Td (requests ) Tj ET Q q 0 0 0 rg BT 311.83 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 326.06 402.75 Td (rights-of-way) Tj ET Q q 0 0 0 rg BT 379.84 402.75 Td (, ) Tj ET Q q 0 0 0 rg BT 384.91 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 401.92 402.75 Td (delaying ) Tj ET Q q 0 0 0 rg BT 438.92 402.75 Td (lar) Tj ET Q q 0 0 0 rg BT 449.29 402.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 461.30 402.75 Td (scale ) Tj ET Q q 0 0 0 rg BT 483.86 402.75 Td (planning ) Tj ET Q q 0 0 0 rg BT 521.42 402.75 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (with ) Tj ET Q q 0 0 0 rg BT 70.58 390.75 Td (region-level ) Tj ET Q q 0 0 0 rg BT 122.20 390.75 Td (resource ) Tj ET Q q 0 0 0 rg BT 159.37 390.75 Td (management ) Tj ET Q q 0 0 0 rg BT 213.76 390.75 Td (plans ) Tj ET Q q 0 0 0 rg BT 238.17 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 255.91 390.75 Td (project-level ) Tj ET Q q 0 0 0 rg BT 309.74 390.75 Td (master ) Tj ET Q q 0 0 0 rg BT 339.70 390.75 Td (development ) Tj ET Q q 0 0 0 rg BT 394.65 390.75 Td (plans. ) Tj ET Q q 0 0 0 rg BT 421.57 390.75 Td ( ) Tj ET Q q 0 0 0 rg BT 424.87 390.75 Td (Given ) Tj ET Q q 0 0 0 rg BT 452.61 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 467.89 390.75 Td (T) Tj ET Q q 0 0 0 rg BT 473.65 390.75 Td (rump ) Tj ET Q q 0 0 0 rg BT 498.06 390.75 Td (administration) Tj ET Q q 0 0 0 rg BT 558.61 390.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 95.34 378.75 Td (intention ) Tj ET Q q 0 0 0 rg BT 133.41 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 143.72 378.75 Td (revise ) Tj ET Q q 0 0 0 rg BT 170.12 378.75 Td (or ) Tj ET Q q 0 0 0 rg BT 180.97 378.75 Td (rescind ) Tj ET Q q 0 0 0 rg BT 212.37 378.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 242.65 378.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 289.60 378.75 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 342.67 378.75 Td (during ) Tj ET Q q 0 0 0 rg BT 371.30 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 386.04 378.75 Td (Obama ) Tj ET Q q 0 0 0 rg BT 417.44 378.75 Td (administration ) Tj ET Q q 0 0 0 rg BT 477.73 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 494.70 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 505.00 378.75 Td (promote ) Tj ET Q q 0 0 0 rg BT 540.85 378.75 Td (fossil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (fuel ) Tj ET Q q 0 0 0 rg BT 67.41 366.75 Td (development ) Tj ET Q q 0 0 0 rg BT 121.43 366.75 Td (on ) Tj ET Q q 0 0 0 rg BT 133.80 366.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 163.92 366.75 Td (lands, ) Tj ET Q q 0 0 0 rg BT 189.90 366.75 Td (it ) Tj ET Q q 0 0 0 rg BT 197.82 366.75 Td (is ) Tj ET Q q 0 0 0 rg BT 206.86 366.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 242.00 366.75 Td (that ) Tj ET Q q 0 0 0 rg BT 259.36 366.75 Td (there ) Tj ET Q q 0 0 0 rg BT 281.72 366.75 Td (could ) Tj ET Q q 0 0 0 rg BT 306.30 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 318.11 366.75 Td (an ) Tj ET Q q 0 0 0 rg BT 329.91 366.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 365.03 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 375.18 366.75 Td (litigation ) Tj ET Q q 0 0 0 rg BT 413.65 366.75 Td (initiated ) Tj ET Q q 0 0 0 rg BT 448.79 366.75 Td (by ) Tj ET Q q 0 0 0 rg BT 461.16 366.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 521.28 366.75 Td (or ) Tj ET Q q 0 0 0 rg BT 531.98 366.75 Td (citizens ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (groups, ) Tj ET Q q 0 0 0 rg BT 81.72 354.75 Td (state ) Tj ET Q q 0 0 0 rg BT 102.55 354.75 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 141.70 354.75 Td (general, ) Tj ET Q q 0 0 0 rg BT 176.13 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 186.96 354.75 Td (other ) Tj ET Q q 0 0 0 rg BT 210.00 354.75 Td (elected ) Tj ET Q q 0 0 0 rg BT 240.81 354.75 Td (or ) Tj ET Q q 0 0 0 rg BT 251.64 354.75 Td (appointed ) Tj ET Q q 0 0 0 rg BT 293.58 354.75 Td (of) Tj ET Q q 0 0 0 rg BT 301.73 354.75 Td (ficials.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.75 Td (Management ) Tj ET Q q 0 0 0 rg BT 123.80 330.75 Td (believes ) Tj ET Q q 0 0 0 rg BT 160.66 330.75 Td (that ) Tj ET Q q 0 0 0 rg BT 179.76 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 195.52 330.75 Td (are ) Tj ET Q q 0 0 0 rg BT 211.82 330.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 252.01 330.75 Td (in ) Tj ET Q q 0 0 0 rg BT 263.89 330.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 310.76 330.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 360.95 330.75 Td (with ) Tj ET Q q 0 0 0 rg BT 382.83 330.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 418.59 330.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 463.78 330.75 Td (environmental ) Tj ET Q q 0 0 0 rg BT 525.64 330.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.06 330.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 99.62 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 117.25 318.75 Td (does ) Tj ET Q q 0 0 0 rg BT 138.77 318.75 Td (not ) Tj ET Q q 0 0 0 rg BT 154.73 318.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 194.02 318.75 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 236.07 318.75 Td (that ) Tj ET Q q 0 0 0 rg BT 254.26 318.75 Td (future ) Tj ET Q q 0 0 0 rg BT 281.32 318.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 330.60 318.75 Td (will ) Tj ET Q q 0 0 0 rg BT 349.34 318.75 Td (have ) Tj ET Q q 0 0 0 rg BT 371.41 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 379.04 318.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 422.76 318.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 456.49 318.75 Td (ef) Tj ET Q q 0 0 0 rg BT 464.08 318.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 482.25 318.75 Td (on ) Tj ET Q q 0 0 0 rg BT 495.44 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 318.75 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.72 306.75 Td (position, ) Tj ET Q q 0 0 0 rg BT 123.69 306.75 Td (results ) Tj ET Q q 0 0 0 rg BT 152.05 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.62 306.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 206.52 306.75 Td (or ) Tj ET Q q 0 0 0 rg BT 217.09 306.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 237.10 306.75 Td (flows, ) Tj ET Q q 0 0 0 rg BT 264.07 306.75 Td (although ) Tj ET Q q 0 0 0 rg BT 301.31 306.75 Td (such ) Tj ET Q q 0 0 0 rg BT 321.88 306.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 342.46 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 359.14 306.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 408.32 306.75 Td (and ) Tj ET Q q 0 0 0 rg BT 425.00 306.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 473.33 306.75 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 515.84 306.75 Td (could ) Tj ET Q q 0 0 0 rg BT 540.30 306.75 Td (cause ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.11 294.75 Td (delays ) Tj ET Q q 0 0 0 rg BT 122.05 294.75 Td (or ) Tj ET Q q 0 0 0 rg BT 132.78 294.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 174.06 294.75 Td (impede ) Tj ET Q q 0 0 0 rg BT 205.89 294.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 252.44 294.75 Td (which ) Tj ET Q q 0 0 0 rg BT 279.28 294.75 Td (may) Tj ET Q q 0 0 0 rg BT 295.84 294.75 Td (, ) Tj ET Q q 0 0 0 rg BT 300.74 294.75 Td (among ) Tj ET Q q 0 0 0 rg BT 330.35 294.75 Td (other ) Tj ET Q q 0 0 0 rg BT 353.30 294.75 Td (things, ) Tj ET Q q 0 0 0 rg BT 382.64 294.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 407.25 294.75 Td (our ) Tj ET Q q 0 0 0 rg BT 422.98 294.75 Td (expected ) Tj ET Q q 0 0 0 rg BT 460.91 294.75 Td (production ) Tj ET Q q 0 0 0 rg BT 506.63 294.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 527.90 294.75 Td (and ) Tj ET Q q 0 0 0 rg BT 544.74 294.75 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 74.22 282.75 Td (to ) Tj ET Q q 0 0 0 rg BT 84.50 282.75 Td (be ) Tj ET Q q 0 0 0 rg BT 96.44 282.75 Td (less ) Tj ET Q q 0 0 0 rg BT 113.94 282.75 Td (than ) Tj ET Q q 0 0 0 rg BT 133.66 282.75 Td (anticipated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (Hydraulic ) Tj ET Q q 0 0 0 rg BT 95.33 258.75 Td (Fracturing) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.75 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.71 234.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.71 234.75 Td (, ) Tj ET Q q 0 0 0 rg BT 124.08 234.75 Td (we ) Tj ET Q q 0 0 0 rg BT 138.62 234.75 Td (fracture ) Tj ET Q q 0 0 0 rg BT 172.57 234.75 Td (stimulated ) Tj ET Q q 0 0 0 rg BT 217.11 234.75 Td (one ) Tj ET Q q 0 0 0 rg BT 234.42 234.75 Td (water ) Tj ET Q q 0 0 0 rg BT 259.50 234.75 Td (source ) Tj ET Q q 0 0 0 rg BT 288.48 234.75 Td (well ) Tj ET Q q 0 0 0 rg BT 308.57 234.75 Td (at ) Tj ET Q q 0 0 0 rg BT 318.45 234.75 Td (T) Tj ET Q q 0 0 0 rg BT 324.21 234.75 Td (insley ) Tj ET Q q 0 0 0 rg BT 350.97 234.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 374.40 234.75 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 410.61 234.75 Td (water) Tj ET Q q 0 0 0 rg BT 432.62 234.75 Td (-based ) Tj ET Q q 0 0 0 rg BT 461.59 234.75 Td (fluids ) Tj ET Q q 0 0 0 rg BT 487.24 234.75 Td (with ) Tj ET Q q 0 0 0 rg BT 507.90 234.75 Td (no ) Tj ET Q q 0 0 0 rg BT 520.77 234.75 Td (diesel ) Tj ET Q q 0 0 0 rg BT 546.97 234.75 Td (fuel ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (component. ) Tj ET Q q 0 0 0 rg BT 98.77 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 100.94 222.75 Td (W) Tj ET Q q 0 0 0 rg BT 109.58 222.75 Td (e ) Tj ET Q q 0 0 0 rg BT 116.36 222.75 Td (are ) Tj ET Q q 0 0 0 rg BT 130.91 222.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 169.34 222.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 213.33 222.75 Td (the ) Tj ET Q q 0 0 0 rg BT 227.89 222.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 265.22 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 275.34 222.75 Td (refrac ) Tj ET Q q 0 0 0 rg BT 300.99 222.75 Td (approximately ) Tj ET Q q 0 0 0 rg BT 361.08 222.75 Td (five ) Tj ET Q q 0 0 0 rg BT 378.97 222.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 402.42 222.75 Td (at ) Tj ET Q q 0 0 0 rg BT 411.98 222.75 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 446.53 222.75 Td (Draw ) Tj ET Q q 0 0 0 rg BT 471.08 222.75 Td (Field ) Tj ET Q q 0 0 0 rg BT 493.97 222.75 Td (during ) Tj ET Q q 0 0 0 rg BT 522.42 222.75 Td (2017. ) Tj ET Q q 0 0 0 rg BT 547.26 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 549.43 222.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 222.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (are ) Tj ET Q q 0 0 0 rg BT 64.23 210.75 Td (familiar ) Tj ET Q q 0 0 0 rg BT 98.40 210.75 Td (with ) Tj ET Q q 0 0 0 rg BT 118.70 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 133.44 210.75 Td (laws ) Tj ET Q q 0 0 0 rg BT 154.29 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 171.25 210.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 218.21 210.75 Td (applicable ) Tj ET Q q 0 0 0 rg BT 261.82 210.75 Td (to ) Tj ET Q q 0 0 0 rg BT 272.12 210.75 Td (hydraulic ) Tj ET Q q 0 0 0 rg BT 312.41 210.75 Td (fracturing ) Tj ET Q q 0 0 0 rg BT 354.35 210.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 398.53 210.75 Td (and ) Tj ET Q q 0 0 0 rg BT 415.49 210.75 Td (take ) Tj ET Q q 0 0 0 rg BT 434.67 210.75 Td (steps ) Tj ET Q q 0 0 0 rg BT 457.19 210.75 Td (to ) Tj ET Q q 0 0 0 rg BT 467.49 210.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 496.11 210.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 544.72 210.75 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 198.75 Td (requirements.) Tj ET Q endstream endobj 49 0 obj <> endobj 50 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (24) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 145.8720703125 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 726.75 Td (1A.Risk ) Tj ET Q q 0 0 0 rg BT 113.67 726.75 Td (Factors) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 702.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.93 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 85.14 702.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 119.90 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.89 702.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 165.53 702.75 Td (ar) Tj ET Q q 0 0 0 rg BT 174.79 702.75 Td (e ) Tj ET Q q 0 0 0 rg BT 182.32 702.75 Td (volatile. ) Tj ET Q q 0 0 0 rg BT 219.01 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 221.42 702.75 Td (A) Tj ET Q q 0 0 0 rg BT 228.09 702.75 Td ( ) Tj ET Q q 0 0 0 rg BT 231.18 702.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 274.29 702.75 Td (period ) Tj ET Q q 0 0 0 rg BT 305.16 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.58 702.75 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 375.77 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.19 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 400.84 702.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 429.48 702.75 Td (is ) Tj ET Q q 0 0 0 rg BT 439.24 702.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 465.67 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 477.09 702.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 520.73 702.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 547.69 702.75 Td (our) Tj ET Q q 0 0 0 rg BT 562.51 702.75 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (futur) Tj ET Q q 0 0 0 rg BT 71.54 690.75 Td (e ) Tj ET Q q 0 0 0 rg BT 78.48 690.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 118.21 690.75 Td (condition, ) Tj ET Q q 0 0 0 rg BT 163.22 690.75 Td (r) Tj ET Q q 0 0 0 rg BT 167.47 690.75 Td (esults ) Tj ET Q q 0 0 0 rg BT 193.87 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.70 690.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 254.70 690.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 276.09 690.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 300.81 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 319.43 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 335.26 690.75 Td (carrying ) Tj ET Q q 0 0 0 rg BT 374.42 690.75 Td (value ) Tj ET Q q 0 0 0 rg BT 399.70 690.75 Td (of ) Tj ET Q q 0 0 0 rg BT 410.53 690.75 Td (our) Tj ET Q q 0 0 0 rg BT 425.34 690.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.84 690.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 440.90 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 459.52 690.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 493.69 690.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 510.09 690.75 Td (pr) Tj ET Q q 0 0 0 rg BT 519.91 690.75 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.75 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.02 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 107.63 666.75 Td (have ) Tj ET Q q 0 0 0 rg BT 128.25 666.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 174.98 666.75 Td (been ) Tj ET Q q 0 0 0 rg BT 195.60 666.75 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 229.83 666.75 Td (with ) Tj ET Q q 0 0 0 rg BT 249.35 666.75 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 287.75 666.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.05 666.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 325.66 666.75 Td (ranging ) Tj ET Q q 0 0 0 rg BT 357.95 666.75 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.13 666.75 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.13 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 395.87 666.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.39 666.75 Td ($107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.39 666.75 Td ( ) Tj ET Q q 0 0 0 rg BT 427.13 666.75 Td (per ) Tj ET Q q 0 0 0 rg BT 441.63 666.75 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 457.82 666.75 Td (over ) Tj ET Q q 0 0 0 rg BT 477.33 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 491.29 666.75 Td (last ) Tj ET Q q 0 0 0 rg BT 506.91 666.75 Td (three ) Tj ET Q q 0 0 0 rg BT 528.64 666.75 Td (calendar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 75.44 654.75 Td (with ) Tj ET Q q 0 0 0 rg BT 95.56 654.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 121.78 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 131.90 654.75 Td (February ) Tj ET Q q 0 0 0 rg BT 170.34 654.75 Td (2016 ) Tj ET Q q 0 0 0 rg BT 192.69 654.75 Td (representing ) Tj ET Q q 0 0 0 rg BT 244.45 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.01 654.75 Td (lowest ) Tj ET Q q 0 0 0 rg BT 287.46 654.75 Td (level ) Tj ET Q q 0 0 0 rg BT 309.24 654.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.36 654.75 Td (over ) Tj ET Q q 0 0 0 rg BT 339.47 654.75 Td (14 ) Tj ET Q q 0 0 0 rg BT 351.82 654.75 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.92 654.75 Td (. ) Tj ET Q q 0 0 0 rg BT 377.76 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 380.10 654.75 Td (Even ) Tj ET Q q 0 0 0 rg BT 402.99 654.75 Td (if ) Tj ET Q q 0 0 0 rg BT 411.44 654.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.34 654.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 450.56 654.75 Td (recover ) Tj ET Q q 0 0 0 rg BT 482.88 654.75 Td (for ) Tj ET Q q 0 0 0 rg BT 496.88 654.75 Td (a ) Tj ET Q q 0 0 0 rg BT 503.66 654.75 Td (period ) Tj ET Q q 0 0 0 rg BT 531.55 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 542.23 654.75 Td (time, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 88.66 642.75 Td (will ) Tj ET Q q 0 0 0 rg BT 107.26 642.75 Td (remain, ) Tj ET Q q 0 0 0 rg BT 140.57 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 158.05 642.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.98 642.75 Td (could ) Tj ET Q q 0 0 0 rg BT 210.24 642.75 Td (move ) Tj ET Q q 0 0 0 rg BT 235.51 642.75 Td (downward ) Tj ET Q q 0 0 0 rg BT 280.76 642.75 Td (or ) Tj ET Q q 0 0 0 rg BT 292.14 642.75 Td (upward ) Tj ET Q q 0 0 0 rg BT 325.18 642.75 Td (on ) Tj ET Q q 0 0 0 rg BT 338.23 642.75 Td (a ) Tj ET Q q 0 0 0 rg BT 345.71 642.75 Td (rapid ) Tj ET Q q 0 0 0 rg BT 369.30 642.75 Td (or ) Tj ET Q q 0 0 0 rg BT 380.68 642.75 Td (repeated ) Tj ET Q q 0 0 0 rg BT 417.59 642.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 443.14 642.75 Td (which ) Tj ET Q q 0 0 0 rg BT 470.62 642.75 Td (can ) Tj ET Q q 0 0 0 rg BT 487.55 642.75 Td (make ) Tj ET Q q 0 0 0 rg BT 512.25 642.75 Td (transactions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (valuations ) Tj ET Q q 0 0 0 rg BT 93.20 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 110.24 630.75 Td (business ) Tj ET Q q 0 0 0 rg BT 146.73 630.75 Td (strategies ) Tj ET Q q 0 0 0 rg BT 187.09 630.75 Td (dif) Tj ET Q q 0 0 0 rg BT 198.02 630.75 Td (ficult. ) Tj ET Q q 0 0 0 rg BT 224.22 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 226.81 630.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 244.96 630.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 265.33 630.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 286.26 630.75 Td (from ) Tj ET Q q 0 0 0 rg BT 308.29 630.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 352.55 630.75 Td (is ) Tj ET Q q 0 0 0 rg BT 361.81 630.75 Td (highly ) Tj ET Q q 0 0 0 rg BT 389.97 630.75 Td (dependent ) Tj ET Q q 0 0 0 rg BT 433.66 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 446.26 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 461.07 630.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 487.55 630.75 Td (that ) Tj ET Q q 0 0 0 rg BT 505.14 630.75 Td (we ) Tj ET Q q 0 0 0 rg BT 519.40 630.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 550.86 630.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (oil, ) Tj ET Q q 0 0 0 rg BT 64.91 618.75 Td (as ) Tj ET Q q 0 0 0 rg BT 75.59 618.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.50 618.75 Td (comprised ) Tj ET Q q 0 0 0 rg BT 132.50 618.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.61 618.75 Td (96%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.94 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 213.29 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 223.98 618.75 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.66 618.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.66 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 262.01 618.75 Td (production ) Tj ET Q q 0 0 0 rg BT 307.68 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 324.47 618.75 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.58 618.75 Td (97%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.91 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 405.26 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 415.95 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 431.63 618.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 461.75 618.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 496.86 618.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 618.75 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 606.75 Td (. ) Tj ET Q q 0 0 0 rg BT 74.57 606.75 Td ( ) Tj ET Q q 0 0 0 rg BT 76.96 606.75 Td (The ) Tj ET Q q 0 0 0 rg BT 95.07 606.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 121.52 606.75 Td (for ) Tj ET Q q 0 0 0 rg BT 135.75 606.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.88 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 165.89 606.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 196.22 606.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 212.12 606.75 Td (are ) Tj ET Q q 0 0 0 rg BT 226.90 606.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 257.80 606.75 Td (to ) Tj ET Q q 0 0 0 rg BT 268.15 606.75 Td (a ) Tj ET Q q 0 0 0 rg BT 275.16 606.75 Td (variety ) Tj ET Q q 0 0 0 rg BT 305.49 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 316.39 606.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 346.17 606.75 Td (that ) Tj ET Q q 0 0 0 rg BT 363.74 606.75 Td (are ) Tj ET Q q 0 0 0 rg BT 378.51 606.75 Td (beyond ) Tj ET Q q 0 0 0 rg BT 410.52 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 426.42 606.75 Td (control.) Tj ET Q q 0 0 0 rg BT 462.07 606.75 Td (These ) Tj ET Q q 0 0 0 rg BT 488.52 606.75 Td (factors ) Tj ET Q q 0 0 0 rg BT 518.29 606.75 Td (include ) Tj ET Q q 0 0 0 rg BT 550.30 606.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 78.19 594.75 Td (of, ) Tj ET Q q 0 0 0 rg BT 91.04 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 594.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 141.17 594.75 Td (for) Tj ET Q q 0 0 0 rg BT 152.43 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 156.94 594.75 Td (these ) Tj ET Q q 0 0 0 rg BT 179.51 594.75 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 235.69 594.75 Td (which ) Tj ET Q q 0 0 0 rg BT 262.14 594.75 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 299.14 594.75 Td (with ) Tj ET Q q 0 0 0 rg BT 318.94 594.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 353.16 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 362.96 594.75 Td (market ) Tj ET Q q 0 0 0 rg BT 392.74 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 409.20 594.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 450.09 594.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 493.77 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 510.23 594.75 Td (other ) Tj ET Q q 0 0 0 rg BT 532.79 594.75 Td (factors, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.32 558.75 Td (level ) Tj ET Q q 0 0 0 rg BT 122.37 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.30 558.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 178.68 558.75 Td (consumer ) Tj ET Q q 0 0 0 rg BT 220.16 558.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 254.43 558.75 Td (for ) Tj ET Q q 0 0 0 rg BT 268.69 558.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.86 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 298.90 558.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 329.27 558.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.21 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 362.26 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 377.08 558.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 415.79 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 432.84 558.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 464.32 558.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 493.60 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.54 558.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.70 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 558.75 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 546.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 101.33 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 118.27 546.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 144.09 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 154.92 546.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 193.53 546.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 206.58 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 223.52 546.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 239.35 546.75 Td (storage;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.54 534.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 130.00 534.75 Td (to ) Tj ET Q q 0 0 0 rg BT 140.60 534.75 Td (which ) Tj ET Q q 0 0 0 rg BT 167.85 534.75 Td (members ) Tj ET Q q 0 0 0 rg BT 207.33 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 218.48 534.75 Td (the ) Tj ET Q q 0 0 0 rg BT 233.51 534.75 Td (Or) Tj ET Q q 0 0 0 rg BT 243.88 534.75 Td (ganization ) Tj ET Q q 0 0 0 rg BT 288.35 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 299.50 534.75 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 343.42 534.75 Td (Exporting ) Tj ET Q q 0 0 0 rg BT 386.24 534.75 Td (Countries ) Tj ET Q q 0 0 0 rg BT 427.94 534.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 465.75 534.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.13 534.75 Td (price ) Tj ET Q q 0 0 0 rg BT 501.93 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 534.75 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 522.75 Td (controls;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 510.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 510.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 129.36 510.75 Td (to ) Tj ET Q q 0 0 0 rg BT 139.64 510.75 Td (which ) Tj ET Q q 0 0 0 rg BT 166.58 510.75 Td (domestic ) Tj ET Q q 0 0 0 rg BT 205.18 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.24 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.18 510.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 265.44 510.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 281.27 510.75 Td (production ) Tj ET Q q 0 0 0 rg BT 327.10 510.75 Td (af) Tj ET Q q 0 0 0 rg BT 334.68 510.75 Td (fects ) Tj ET Q q 0 0 0 rg BT 356.06 510.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 401.33 510.75 Td (supply ) Tj ET Q q 0 0 0 rg BT 430.50 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 441.33 510.75 Td (crude ) Tj ET Q q 0 0 0 rg BT 466.04 510.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.09 510.75 Td (or ) Tj ET Q q 0 0 0 rg BT 489.92 510.75 Td (its ) Tj ET Q q 0 0 0 rg BT 501.87 510.75 Td (price;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 498.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 131.63 498.75 Td (political ) Tj ET Q q 0 0 0 rg BT 167.76 498.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 199.17 498.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 244.20 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 262.00 498.75 Td (policies, ) Tj ET Q q 0 0 0 rg BT 298.97 498.75 Td (including ) Tj ET Q q 0 0 0 rg BT 340.11 498.75 Td (actions ) Tj ET Q q 0 0 0 rg BT 371.80 498.75 Td (taken ) Tj ET Q q 0 0 0 rg BT 396.81 498.75 Td (by ) Tj ET Q q 0 0 0 rg BT 410.18 498.75 Td (foreign ) Tj ET Q q 0 0 0 rg BT 442.42 498.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 456.34 498.75 Td (and ) Tj ET Q q 0 0 0 rg BT 474.14 498.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 505.27 498.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 521.96 498.75 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 486.75 Td (nations; ) Tj ET Q q 0 0 0 rg BT 119.67 486.75 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 130.77 474.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 172.14 474.75 Td (conditions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.75 Td (Due ) Tj ET Q q 0 0 0 rg BT 86.40 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 96.42 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.88 450.75 Td (sustained ) Tj ET Q q 0 0 0 rg BT 150.33 450.75 Td (period ) Tj ET Q q 0 0 0 rg BT 178.12 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 188.69 450.75 Td (low ) Tj ET Q q 0 0 0 rg BT 205.93 450.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 218.73 450.75 Td (prices, ) Tj ET Q q 0 0 0 rg BT 247.34 450.75 Td (the ) Tj ET Q q 0 0 0 rg BT 261.80 450.75 Td (PV) Tj ET Q q 0 0 0 rg BT 273.67 450.75 Td (-10 ) Tj ET Q q 0 0 0 rg BT 289.08 450.75 Td (V) Tj ET Q q 0 0 0 rg BT 295.19 450.75 Td (alue ) Tj ET Q q 0 0 0 rg BT 314.08 450.75 Td (of ) Tj ET Q q 0 0 0 rg BT 324.65 450.75 Td (our ) Tj ET Q q 0 0 0 rg BT 340.22 450.75 Td (estimated ) Tj ET Q q 0 0 0 rg BT 380.79 450.75 Td (proved ) Tj ET Q q 0 0 0 rg BT 410.79 450.75 Td (reserves ) Tj ET Q q 0 0 0 rg BT 445.79 450.75 Td (was ) Tj ET Q q 0 0 0 rg BT 463.58 450.75 Td (less ) Tj ET Q q 0 0 0 rg BT 480.83 450.75 Td (than ) Tj ET Q q 0 0 0 rg BT 500.28 450.75 Td (our ) Tj ET Q q 0 0 0 rg BT 515.85 450.75 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 102.96 438.75 Td (as ) Tj ET Q q 0 0 0 rg BT 113.10 438.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.23 438.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 181.12 438.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.12 438.75 Td (. ) Tj ET Q q 0 0 0 rg BT 205.43 438.75 Td ( ) Tj ET Q q 0 0 0 rg BT 207.23 438.75 Td (If ) Tj ET Q q 0 0 0 rg BT 215.70 438.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 228.06 438.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 253.74 438.75 Td (decline ) Tj ET Q q 0 0 0 rg BT 284.42 438.75 Td (further ) Tj ET Q q 0 0 0 rg BT 313.43 438.75 Td (for ) Tj ET Q q 0 0 0 rg BT 326.90 438.75 Td (an ) Tj ET Q q 0 0 0 rg BT 338.14 438.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 376.04 438.75 Td (period ) Tj ET Q q 0 0 0 rg BT 403.40 438.75 Td (of ) Tj ET Q q 0 0 0 rg BT 413.53 438.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 435.61 438.75 Td (we ) Tj ET Q q 0 0 0 rg BT 449.08 438.75 Td (could ) Tj ET Q q 0 0 0 rg BT 473.10 438.75 Td (be ) Tj ET Q q 0 0 0 rg BT 484.34 438.75 Td (harmed ) Tj ET Q q 0 0 0 rg BT 516.13 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 525.72 438.75 Td (a ) Tj ET Q q 0 0 0 rg BT 531.96 438.75 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 426.75 Td (ways, ) Tj ET Q q 0 0 0 rg BT 85.88 426.75 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 402.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 110.77 402.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 131.04 402.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 155.76 402.75 Td (from ) Tj ET Q q 0 0 0 rg BT 177.70 402.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.85 402.75 Td (may ) Tj ET Q q 0 0 0 rg BT 241.57 402.75 Td (require ) Tj ET Q q 0 0 0 rg BT 272.38 402.75 Td (continued ) Tj ET Q q 0 0 0 rg BT 314.32 402.75 Td (or ) Tj ET Q q 0 0 0 rg BT 325.15 402.75 Td (further ) Tj ET Q q 0 0 0 rg BT 354.86 402.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 389.00 402.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 414.83 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 425.66 402.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 454.81 402.75 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 390.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 118.76 390.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 143.71 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.65 390.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 181.92 390.75 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 234.63 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 244.03 390.75 Td (turn ) Tj ET Q q 0 0 0 rg BT 261.76 390.75 Td (could ) Tj ET Q q 0 0 0 rg BT 285.59 390.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 309.98 390.75 Td (our ) Tj ET Q q 0 0 0 rg BT 324.92 390.75 Td (present ) Tj ET Q q 0 0 0 rg BT 355.42 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.47 390.75 Td (future ) Tj ET Q q 0 0 0 rg BT 396.97 390.75 Td (production ) Tj ET Q q 0 0 0 rg BT 441.91 390.75 Td (levels, ) Tj ET Q q 0 0 0 rg BT 469.35 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 485.41 390.75 Td (lower ) Tj ET Q q 0 0 0 rg BT 509.80 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 390.75 Td (quantities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 102.44 378.75 Td (value ) Tj ET Q q 0 0 0 rg BT 126.59 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.42 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 153.25 378.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.31 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 183.25 378.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 199.08 378.75 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 236.84 378.75 Td (which ) Tj ET Q q 0 0 0 rg BT 263.78 378.75 Td (constitute ) Tj ET Q q 0 0 0 rg BT 305.16 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 320.99 378.75 Td (major ) Tj ET Q q 0 0 0 rg BT 346.81 378.75 Td (asset;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 102.02 366.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 134.08 366.75 Td (could ) Tj ET Q q 0 0 0 rg BT 159.48 366.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 189.31 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 205.83 366.75 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 250.68 366.75 Td (base, ) Tj ET Q q 0 0 0 rg BT 274.13 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 291.75 366.75 Td (we ) Tj ET Q q 0 0 0 rg BT 306.60 366.75 Td (may ) Tj ET Q q 0 0 0 rg BT 327.00 366.75 Td (not ) Tj ET Q q 0 0 0 rg BT 342.97 366.75 Td (be ) Tj ET Q q 0 0 0 rg BT 355.59 366.75 Td (able ) Tj ET Q q 0 0 0 rg BT 375.43 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 386.40 366.75 Td (raise ) Tj ET Q q 0 0 0 rg BT 408.46 366.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 438.30 366.75 Td (at ) Tj ET Q q 0 0 0 rg BT 448.70 366.75 Td (attractive ) Tj ET Q q 0 0 0 rg BT 489.08 366.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 511.15 366.75 Td (in ) Tj ET Q q 0 0 0 rg BT 522.11 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 537.51 366.75 Td (public ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 354.75 Td (markets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 342.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.66 342.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.38 342.75 Td (be ) Tj ET Q q 0 0 0 rg BT 136.32 342.75 Td (forced ) Tj ET Q q 0 0 0 rg BT 164.35 342.75 Td (to ) Tj ET Q q 0 0 0 rg BT 174.63 342.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 209.88 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 225.71 342.75 Td (level ) Tj ET Q q 0 0 0 rg BT 247.65 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 258.48 342.75 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 315.13 342.75 Td (issue ) Tj ET Q q 0 0 0 rg BT 337.63 342.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 380.12 342.75 Td (equity) Tj ET Q q 0 0 0 rg BT 404.47 342.75 Td (, ) Tj ET Q q 0 0 0 rg BT 409.47 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 420.30 342.75 Td (sell ) Tj ET Q q 0 0 0 rg BT 436.69 342.75 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 330.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.66 330.75 Td (could ) Tj ET Q q 0 0 0 rg BT 124.38 330.75 Td (have ) Tj ET Q q 0 0 0 rg BT 145.75 330.75 Td (dif) Tj ET Q q 0 0 0 rg BT 156.68 330.75 Td (ficulty ) Tj ET Q q 0 0 0 rg BT 185.29 330.75 Td (repaying ) Tj ET Q q 0 0 0 rg BT 222.77 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 233.60 330.75 Td (refinancing ) Tj ET Q q 0 0 0 rg BT 281.63 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 297.46 330.75 Td (indebtedness;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 318.75 Td (we ) Tj ET Q q 0 0 0 rg BT 99.18 318.75 Td (could ) Tj ET Q q 0 0 0 rg BT 123.42 318.75 Td (be ) Tj ET Q q 0 0 0 rg BT 134.88 318.75 Td (required ) Tj ET Q q 0 0 0 rg BT 170.21 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 180.01 318.75 Td (impair ) Tj ET Q q 0 0 0 rg BT 208.14 318.75 Td (various ) Tj ET Q q 0 0 0 rg BT 239.59 318.75 Td (assets, ) Tj ET Q q 0 0 0 rg BT 267.45 318.75 Td (including ) Tj ET Q q 0 0 0 rg BT 307.24 318.75 Td (a ) Tj ET Q q 0 0 0 rg BT 313.70 318.75 Td (further ) Tj ET Q q 0 0 0 rg BT 342.93 318.75 Td (write-down ) Tj ET Q q 0 0 0 rg BT 391.04 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 401.40 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 416.75 318.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 429.32 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 445.78 318.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 475.57 318.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 490.92 318.75 Td (assets ) Tj ET Q q 0 0 0 rg BT 516.27 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 526.62 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 540.86 318.75 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 96.33 306.75 Td (other ) Tj ET Q q 0 0 0 rg BT 119.38 306.75 Td (tangible ) Tj ET Q q 0 0 0 rg BT 154.09 306.75 Td (or ) Tj ET Q q 0 0 0 rg BT 164.92 306.75 Td (intangible ) Tj ET Q q 0 0 0 rg BT 207.41 306.75 Td (assets;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 294.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 137.14 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 147.68 294.75 Td (plants ) Tj ET Q q 0 0 0 rg BT 173.78 294.75 Td (that ) Tj ET Q q 0 0 0 rg BT 190.98 294.75 Td (produce ) Tj ET Q q 0 0 0 rg BT 225.40 294.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 239.29 293.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.54 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 244.74 294.75 Td (as ) Tj ET Q q 0 0 0 rg BT 255.28 294.75 Td (a ) Tj ET Q q 0 0 0 rg BT 261.93 294.75 Td (byproduct ) Tj ET Q q 0 0 0 rg BT 304.69 294.75 Td (that ) Tj ET Q q 0 0 0 rg BT 321.89 294.75 Td (we ) Tj ET Q q 0 0 0 rg BT 335.76 294.75 Td (can ) Tj ET Q q 0 0 0 rg BT 351.84 294.75 Td (purchase ) Tj ET Q q 0 0 0 rg BT 389.59 294.75 Td (could ) Tj ET Q q 0 0 0 rg BT 414.01 294.75 Td (be ) Tj ET Q q 0 0 0 rg BT 425.66 294.75 Td (delayed ) Tj ET Q q 0 0 0 rg BT 458.96 294.75 Td (or ) Tj ET Q q 0 0 0 rg BT 469.50 294.75 Td (cancelled, ) Tj ET Q q 0 0 0 rg BT 511.96 294.75 Td (thus ) Tj ET Q q 0 0 0 rg BT 530.84 294.75 Td (limiting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 282.75 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 282.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 132.71 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 143.54 282.75 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 213.24 282.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.14 281.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.39 282.75 Td ( ) Tj ET Q q 0 0 0 rg BT 232.89 282.75 Td (available ) Tj ET Q q 0 0 0 rg BT 271.47 282.75 Td (for ) Tj ET Q q 0 0 0 rg BT 285.63 282.75 Td (use ) Tj ET Q q 0 0 0 rg BT 301.46 282.75 Td (in ) Tj ET Q q 0 0 0 rg BT 311.74 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 327.57 282.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 358.94 282.75 Td (operations; ) Tj ET Q q 0 0 0 rg BT 405.88 282.75 Td (and/or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 270.75 Td (our ) Tj ET Q q 0 0 0 rg BT 101.73 270.75 Td (potential ) Tj ET Q q 0 0 0 rg BT 139.61 270.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.28 270.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 185.39 270.75 Td (from ) Tj ET Q q 0 0 0 rg BT 207.73 270.75 Td (our ) Tj ET Q q 0 0 0 rg BT 223.95 270.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 272.40 270.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 315.28 270.75 Td (contracts ) Tj ET Q q 0 0 0 rg BT 354.26 270.75 Td (that ) Tj ET Q q 0 0 0 rg BT 372.16 270.75 Td (include ) Tj ET Q q 0 0 0 rg BT 404.48 270.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 424.05 270.75 Td (puts ) Tj ET Q q 0 0 0 rg BT 443.62 270.75 Td (could ) Tj ET Q q 0 0 0 rg BT 468.73 270.75 Td (be ) Tj ET Q q 0 0 0 rg BT 481.06 270.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 512.29 270.75 Td (to ) Tj ET Q q 0 0 0 rg BT 522.96 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.07 270.75 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 258.75 Td (that ) Tj ET Q q 0 0 0 rg BT 103.00 258.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.05 258.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 142.43 258.75 Td (are ) Tj ET Q q 0 0 0 rg BT 157.14 258.75 Td (below ) Tj ET Q q 0 0 0 rg BT 184.07 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 198.79 258.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 225.17 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 236.00 258.75 Td (those ) Tj ET Q q 0 0 0 rg BT 259.61 258.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 278.78 258.75 Td (puts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.75 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 121.82 234.75 Td (some ) Tj ET Q q 0 0 0 rg BT 144.76 234.75 Td (or ) Tj ET Q q 0 0 0 rg BT 154.92 234.75 Td (all ) Tj ET Q q 0 0 0 rg BT 166.75 234.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.92 234.75 Td (our ) Tj ET Q q 0 0 0 rg BT 192.08 234.75 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 222.79 234.75 Td (projects ) Tj ET Q q 0 0 0 rg BT 256.27 234.75 Td (could ) Tj ET Q q 0 0 0 rg BT 280.32 234.75 Td (remain ) Tj ET Q q 0 0 0 rg BT 309.92 234.75 Td (or ) Tj ET Q q 0 0 0 rg BT 320.09 234.75 Td (become ) Tj ET Q q 0 0 0 rg BT 353.01 234.75 Td (uneconomical. ) Tj ET Q q 0 0 0 rg BT 413.44 234.75 Td ( ) Tj ET Q q 0 0 0 rg BT 415.14 234.75 Td (W) Tj ET Q q 0 0 0 rg BT 423.77 234.75 Td (e ) Tj ET Q q 0 0 0 rg BT 430.05 234.75 Td (may ) Tj ET Q q 0 0 0 rg BT 449.10 234.75 Td (also ) Tj ET Q q 0 0 0 rg BT 467.04 234.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 494.97 234.75 Td (to ) Tj ET Q q 0 0 0 rg BT 504.58 234.75 Td (suspend ) Tj ET Q q 0 0 0 rg BT 538.63 234.75 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (expansion ) Tj ET Q q 0 0 0 rg BT 92.24 222.75 Td (projects, ) Tj ET Q q 0 0 0 rg BT 128.58 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 145.21 222.75 Td (if ) Tj ET Q q 0 0 0 rg BT 153.50 222.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 179.57 222.75 Td (were ) Tj ET Q q 0 0 0 rg BT 201.19 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 211.16 222.75 Td (drop ) Tj ET Q q 0 0 0 rg BT 231.67 222.75 Td (below ) Tj ET Q q 0 0 0 rg BT 258.30 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 273.82 222.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 313.77 222.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 333.73 222.75 Td (break-even ) Tj ET Q q 0 0 0 rg BT 380.33 222.75 Td (points ) Tj ET Q q 0 0 0 rg BT 406.97 222.75 Td (for ) Tj ET Q q 0 0 0 rg BT 420.82 222.75 Td (an ) Tj ET Q q 0 0 0 rg BT 432.45 222.75 Td (extended ) Tj ET Q q 0 0 0 rg BT 470.73 222.75 Td (period ) Tj ET Q q 0 0 0 rg BT 498.47 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 508.99 222.75 Td (time, ) Tj ET Q q 0 0 0 rg BT 531.45 222.75 Td (we ) Tj ET Q q 0 0 0 rg BT 545.30 222.75 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (further ) Tj ET Q q 0 0 0 rg BT 80.17 210.75 Td (decide ) Tj ET Q q 0 0 0 rg BT 109.72 210.75 Td (to ) Tj ET Q q 0 0 0 rg BT 120.95 210.75 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 152.19 210.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 187.31 210.75 Td (production, ) Tj ET Q q 0 0 0 rg BT 236.60 210.75 Td (both ) Tj ET Q q 0 0 0 rg BT 257.84 210.75 Td (of ) Tj ET Q q 0 0 0 rg BT 269.62 210.75 Td (which ) Tj ET Q q 0 0 0 rg BT 297.52 210.75 Td (could ) Tj ET Q q 0 0 0 rg BT 323.20 210.75 Td (have ) Tj ET Q q 0 0 0 rg BT 345.53 210.75 Td (a ) Tj ET Q q 0 0 0 rg BT 353.43 210.75 Td (material ) Tj ET Q q 0 0 0 rg BT 389.65 210.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 423.64 210.75 Td (ef) Tj ET Q q 0 0 0 rg BT 431.23 210.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.67 210.75 Td (on ) Tj ET Q q 0 0 0 rg BT 463.13 210.75 Td (our ) Tj ET Q q 0 0 0 rg BT 479.92 210.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 527.53 210.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 89.77 198.75 Td (and ) Tj ET Q q 0 0 0 rg BT 106.71 198.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 135.86 198.75 Td (our ) Tj ET Q q 0 0 0 rg BT 151.69 198.75 Td (production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 59.65 174.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 100.36 174.75 Td (downturn ) Tj ET Q q 0 0 0 rg BT 146.08 174.75 Td (in ) Tj ET Q q 0 0 0 rg BT 157.91 174.75 Td (one ) Tj ET Q q 0 0 0 rg BT 176.39 174.75 Td (or) Tj ET Q q 0 0 0 rg BT 185.65 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 189.13 174.75 Td (mor) Tj ET Q q 0 0 0 rg BT 206.72 174.75 Td (e ) Tj ET Q q 0 0 0 rg BT 214.64 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 226.46 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 243.27 174.75 Td (world) Tj ET Q q 0 0 0 rg BT 271.23 174.75 Td (s ) Tj ET Q q 0 0 0 rg BT 278.61 174.75 Td (major) Tj ET Q q 0 0 0 rg BT 304.52 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 308.01 174.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 346.48 174.75 Td (could ) Tj ET Q q 0 0 0 rg BT 373.31 174.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 420.12 174.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 447.47 174.75 Td (our) Tj ET Q q 0 0 0 rg BT 462.29 174.75 Td ( ) Tj ET Q q 0 0 0 rg BT 465.77 174.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 501.35 174.75 Td (, ) Tj ET Q q 0 0 0 rg BT 507.33 174.75 Td (business ) Tj ET Q q 0 0 0 rg BT 546.39 174.75 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 89.23 162.75 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 138.75 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 106.88 138.75 Td (is ) Tj ET Q q 0 0 0 rg BT 115.71 138.75 Td (essential ) Tj ET Q q 0 0 0 rg BT 152.30 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 162.23 138.75 Td (our ) Tj ET Q q 0 0 0 rg BT 177.72 138.75 Td (business.Our ) Tj ET Q q 0 0 0 rg BT 236.82 138.75 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 272.87 138.75 Td (could ) Tj ET Q q 0 0 0 rg BT 297.24 138.75 Td (be ) Tj ET Q q 0 0 0 rg BT 308.84 138.75 Td (substantially ) Tj ET Q q 0 0 0 rg BT 361.55 138.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 405.36 138.75 Td (af) Tj ET Q q 0 0 0 rg BT 412.94 138.75 Td (fected ) Tj ET Q q 0 0 0 rg BT 439.52 138.75 Td (by ) Tj ET Q q 0 0 0 rg BT 451.68 138.75 Td (an ) Tj ET Q q 0 0 0 rg BT 463.28 138.75 Td (inability ) Tj ET Q q 0 0 0 rg BT 498.76 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 508.70 138.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 535.85 138.75 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.59 126.75 Td (the ) Tj ET Q q 0 0 0 rg BT 74.13 126.75 Td (long-term ) Tj ET Q q 0 0 0 rg BT 115.88 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 126.52 126.75 Td (short-term ) Tj ET Q q 0 0 0 rg BT 170.49 126.75 Td (debt ) Tj ET Q q 0 0 0 rg BT 190.03 126.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 218.99 126.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 252.96 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 263.61 126.75 Td (equity ) Tj ET Q q 0 0 0 rg BT 290.92 126.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 319.89 126.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 353.86 126.75 Td (or ) Tj ET Q q 0 0 0 rg BT 364.50 126.75 Td (an ) Tj ET Q q 0 0 0 rg BT 376.26 126.75 Td (inability ) Tj ET Q q 0 0 0 rg BT 411.90 126.75 Td (to ) Tj ET Q q 0 0 0 rg BT 422.00 126.75 Td (access ) Tj ET Q q 0 0 0 rg BT 449.85 126.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 471.61 126.75 Td (financing.) Tj ET Q q 0 0 0 rg BT 516.32 126.75 Td (A) Tj ET Q q 0 0 0 rg BT 522.99 126.75 Td ( ) Tj ET Q q 0 0 0 rg BT 525.30 126.75 Td (sustained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 74.44 114.75 Td (crisis, ) Tj ET Q q 0 0 0 rg BT 100.23 114.75 Td (further ) Tj ET Q q 0 0 0 rg BT 129.62 114.75 Td (drops ) Tj ET Q q 0 0 0 rg BT 154.02 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 163.98 114.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 205.03 114.75 Td (growth ) Tj ET Q q 0 0 0 rg BT 235.54 114.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 256.59 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 266.55 114.75 Td (China, ) Tj ET Q q 0 0 0 rg BT 295.12 114.75 Td (regional ) Tj ET Q q 0 0 0 rg BT 330.06 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 340.57 114.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 385.52 114.75 Td (increases ) Tj ET Q q 0 0 0 rg BT 424.34 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 434.30 114.75 Td (tarif) Tj ET Q q 0 0 0 rg BT 450.77 114.75 Td (fs ) Tj ET Q q 0 0 0 rg BT 460.17 114.75 Td (or ) Tj ET Q q 0 0 0 rg BT 470.68 114.75 Td (other ) Tj ET Q q 0 0 0 rg BT 493.41 114.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 515.57 114.75 Td (restrictions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 95.02 102.75 Td (international ) Tj ET Q q 0 0 0 rg BT 148.86 102.75 Td (currency ) Tj ET Q q 0 0 0 rg BT 187.14 102.75 Td (fluctuations, ) Tj ET Q q 0 0 0 rg BT 240.16 102.75 Td (a ) Tj ET Q q 0 0 0 rg BT 247.90 102.75 Td (severe ) Tj ET Q q 0 0 0 rg BT 276.74 102.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 318.92 102.75 Td (contraction ) Tj ET Q q 0 0 0 rg BT 367.20 102.75 Td (either ) Tj ET Q q 0 0 0 rg BT 393.27 102.75 Td (regionally ) Tj ET Q q 0 0 0 rg BT 437.12 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 448.75 102.75 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 494.83 102.75 Td (or ) Tj ET Q q 0 0 0 rg BT 506.46 102.75 Td (turmoil ) Tj ET Q q 0 0 0 rg BT 539.21 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 102.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (global ) Tj ET Q q 0 0 0 rg BT 76.36 90.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 113.21 90.75 Td (system, ) Tj ET Q q 0 0 0 rg BT 145.36 90.75 Td (could ) Tj ET Q q 0 0 0 rg BT 169.44 90.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 211.85 90.75 Td (af) Tj ET Q q 0 0 0 rg BT 219.43 90.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 236.29 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 251.48 90.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 284.73 90.75 Td (, ) Tj ET Q q 0 0 0 rg BT 289.09 90.75 Td (business ) Tj ET Q q 0 0 0 rg BT 324.85 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 341.16 90.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 378.01 90.75 Td (condition.In ) Tj ET Q q 0 0 0 rg BT 433.48 90.75 Td (the ) Tj ET Q q 0 0 0 rg BT 447.56 90.75 Td (past, ) Tj ET Q q 0 0 0 rg BT 468.04 90.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 511.57 90.75 Td (such ) Tj ET Q q 0 0 0 rg BT 531.77 90.75 Td (as ) Tj ET Q q 0 0 0 rg BT 541.97 90.75 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (have ) Tj ET Q q 0 0 0 rg BT 70.49 78.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 110.91 78.75 Td (impacted ) Tj ET Q q 0 0 0 rg BT 149.68 78.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 186.77 78.75 Td (markets ) Tj ET Q q 0 0 0 rg BT 220.53 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 237.08 78.75 Td (have ) Tj ET Q q 0 0 0 rg BT 258.07 78.75 Td (created ) Tj ET Q q 0 0 0 rg BT 289.04 78.75 Td (substantial ) Tj ET Q q 0 0 0 rg BT 333.93 78.75 Td (volatility ) Tj ET Q q 0 0 0 rg BT 372.15 78.75 Td (and ) Tj ET Q q 0 0 0 rg BT 388.70 78.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 435.79 78.75 Td (with ) Tj ET Q q 0 0 0 rg BT 455.68 78.75 Td (the ) Tj ET Q q 0 0 0 rg BT 470.00 78.75 Td (related ) Tj ET Q q 0 0 0 rg BT 499.32 78.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 535.30 78.75 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.75 Td (on ) Tj ET Q q 0 0 0 rg BT 61.35 66.75 Td (global ) Tj ET Q q 0 0 0 rg BT 88.20 66.75 Td (economic ) Tj ET Q q 0 0 0 rg BT 128.92 66.75 Td (activity) Tj ET Q q 0 0 0 rg BT 158.26 66.75 Td (. ) Tj ET Q q 0 0 0 rg BT 162.62 66.75 Td ( ) Tj ET Q q 0 0 0 rg BT 164.47 66.75 Td (Negative ) Tj ET Q q 0 0 0 rg BT 202.41 66.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 227.03 66.75 Td (market ) Tj ET Q q 0 0 0 rg BT 256.65 66.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 300.16 66.75 Td (could ) Tj ET Q q 0 0 0 rg BT 324.23 66.75 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 352.20 66.75 Td (our ) Tj ET Q q 0 0 0 rg BT 367.38 66.75 Td (lenders ) Tj ET Q q 0 0 0 rg BT 398.11 66.75 Td (from ) Tj ET Q q 0 0 0 rg BT 419.40 66.75 Td (fully ) Tj ET Q q 0 0 0 rg BT 440.14 66.75 Td (funding ) Tj ET Q q 0 0 0 rg BT 473.10 66.75 Td (our ) Tj ET Q q 0 0 0 rg BT 488.28 66.75 Td (bank ) Tj ET Q q 0 0 0 rg BT 509.57 66.75 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.19 66.75 Td (facility ) Tj ET Q endstream endobj 51 0 obj <> endobj 52 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.97 726.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 84.32 726.60 Td (them ) Tj ET Q q 0 0 0 rg BT 106.46 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 116.38 726.60 Td (make ) Tj ET Q q 0 0 0 rg BT 140.17 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 154.53 726.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 178.89 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 189.36 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 204.83 726.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 226.41 726.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 251.31 726.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 281.78 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 304.46 726.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 330.49 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 347.07 726.60 Td (more ) Tj ET Q q 0 0 0 rg BT 369.76 726.60 Td (restrictive.Negative ) Tj ET Q q 0 0 0 rg BT 455.47 726.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 496.49 726.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 540.29 726.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (also ) Tj ET Q q 0 0 0 rg BT 68.11 714.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 108.93 714.60 Td (af) Tj ET Q q 0 0 0 rg BT 116.52 714.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 134.00 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 148.72 714.60 Td (collectability ) Tj ET Q q 0 0 0 rg BT 203.43 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 214.26 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.09 714.60 Td (trade ) Tj ET Q q 0 0 0 rg BT 252.58 714.60 Td (receivables ) Tj ET Q q 0 0 0 rg BT 300.05 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 310.89 714.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 363.91 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 376.41 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 392.25 714.60 Td (suppliers ) Tj ET Q q 0 0 0 rg BT 430.86 714.60 Td (or ) Tj ET Q q 0 0 0 rg BT 441.69 714.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 466.40 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 482.23 714.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 530.29 714.60 Td (hedging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 105.05 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 114.51 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 125.64 702.60 Td (inef) Tj ET Q q 0 0 0 rg BT 141.00 702.60 Td (fective ) Tj ET Q q 0 0 0 rg BT 169.89 702.60 Td (if ) Tj ET Q q 0 0 0 rg BT 177.69 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 192.70 702.60 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 251.03 702.60 Td (are ) Tj ET Q q 0 0 0 rg BT 264.92 702.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 293.26 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.73 702.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 336.62 702.60 Td (their ) Tj ET Q q 0 0 0 rg BT 356.63 702.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 402.76 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 412.78 702.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 453.34 702.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 472.79 702.60 Td (bankruptcy ) Tj ET Q q 0 0 0 rg BT 519.47 702.60 Td (protection.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 678.60 Td (level ) Tj ET Q q 0 0 0 rg BT 91.53 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 102.36 678.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 159.88 678.60 Td (could ) Tj ET Q q 0 0 0 rg BT 185.72 678.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 228.76 678.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 255.13 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 270.96 678.60 Td (level ) Tj ET Q q 0 0 0 rg BT 292.89 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.72 678.60 Td (our) Tj ET Q q 0 0 0 rg BT 318.54 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 321.04 678.60 Td (pr) Tj ET Q q 0 0 0 rg BT 330.86 678.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 370.59 678.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 410.86 678.60 Td (if ) Tj ET Q q 0 0 0 rg BT 419.47 678.60 Td (not ) Tj ET Q q 0 0 0 rg BT 435.86 678.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 482.23 678.60 Td (r) Tj ET Q q 0 0 0 rg BT 486.49 678.60 Td (educed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.98 654.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.68 654.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.13 654.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.13 654.60 Td (, ) Tj ET Q q 0 0 0 rg BT 175.00 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 190.69 654.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 239.73 654.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 293.75 654.60 Td (consisted ) Tj ET Q q 0 0 0 rg BT 333.33 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 344.03 654.60 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 373.90 654.60 Td (million ) Tj ET Q q 0 0 0 rg BT 405.16 654.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 443.06 654.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 475.43 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 486.12 654.60 Td (9% ) Tj ET Q q 0 0 0 rg BT 501.82 654.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.30 654.60 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (Second ) Tj ET Q q 0 0 0 rg BT 82.40 642.60 Td (Lien ) Tj ET Q q 0 0 0 rg BT 104.18 642.60 Td (Notes ) Tj ET Q q 0 0 0 rg BT 130.97 642.60 Td (due ) Tj ET Q q 0 0 0 rg BT 148.87 642.60 Td (2021, ) Tj ET Q q 0 0 0 rg BT 174.83 642.60 Td ($1.6 ) Tj ET Q q 0 0 0 rg BT 195.79 642.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 225.36 642.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 264.36 642.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 297.82 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 309.61 642.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 364.72 642.60 Td (notes, ) Tj ET Q q 0 0 0 rg BT 391.79 642.60 Td (virtually ) Tj ET Q q 0 0 0 rg BT 429.13 642.60 Td (all ) Tj ET Q q 0 0 0 rg BT 442.59 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 454.38 642.60 Td (which ) Tj ET Q q 0 0 0 rg BT 482.27 642.60 Td (have ) Tj ET Q q 0 0 0 rg BT 504.61 642.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 541.95 642.60 Td (dates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (between ) Tj ET Q q 0 0 0 rg BT 85.31 630.60 Td (2021 ) Tj ET Q q 0 0 0 rg BT 107.80 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.73 630.60 Td (2023 ) Tj ET Q q 0 0 0 rg BT 147.22 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 156.93 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.86 630.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 210.23 630.60 Td (ranging ) Tj ET Q q 0 0 0 rg BT 243.27 630.60 Td (from ) Tj ET Q q 0 0 0 rg BT 265.20 630.60 Td (4.625% ) Tj ET Q q 0 0 0 rg BT 298.52 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 308.79 630.60 Td (6.375% ) Tj ET Q q 0 0 0 rg BT 342.12 630.60 Td (per ) Tj ET Q q 0 0 0 rg BT 357.38 630.60 Td (annum ) Tj ET Q q 0 0 0 rg BT 387.09 630.60 Td (at ) Tj ET Q q 0 0 0 rg BT 396.80 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 403.73 630.60 Td (weighted ) Tj ET Q q 0 0 0 rg BT 442.88 630.60 Td (average ) Tj ET Q q 0 0 0 rg BT 476.45 630.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 508.38 630.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 525.86 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 536.68 630.60 Td (5.28% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (per ) Tj ET Q q 0 0 0 rg BT 64.85 618.60 Td (annum, ) Tj ET Q q 0 0 0 rg BT 97.14 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.16 618.60 Td ($301.0 ) Tj ET Q q 0 0 0 rg BT 144.24 618.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.13 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 175.71 618.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 213.83 618.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 246.40 618.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 295.64 618.60 Td (under ) Tj ET Q q 0 0 0 rg BT 320.99 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 336.90 618.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 358.91 618.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 384.26 618.60 Td (facility) Tj ET Q q 0 0 0 rg BT 411.93 618.60 Td (. ) Tj ET Q q 0 0 0 rg BT 418.94 618.60 Td (As ) Tj ET Q q 0 0 0 rg BT 432.63 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 443.54 618.60 Td (February ) Tj ET Q q 0 0 0 rg BT 482.21 618.60 Td (22, ) Tj ET Q q 0 0 0 rg BT 497.29 618.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 522.37 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 536.61 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 558.06 618.60 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 93.60 606.60 Td (base ) Tj ET Q q 0 0 0 rg BT 113.82 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 130.70 606.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 172.00 606.60 Td (lender ) Tj ET Q q 0 0 0 rg BT 199.43 606.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 256.32 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 267.09 606.60 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 292.03 606.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 320.59 606.60 Td (under ) Tj ET Q q 0 0 0 rg BT 345.80 606.60 Td (our ) Tj ET Q q 0 0 0 rg BT 361.58 606.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 383.46 606.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 408.67 606.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 439.43 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.31 606.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 503.74 606.60 Td (with ) Tj ET Q q 0 0 0 rg BT 523.97 606.60 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.72 606.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (such ) Tj ET Q q 0 0 0 rg BT 69.89 594.60 Td (commitments ) Tj ET Q q 0 0 0 rg BT 126.39 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.79 594.60 Td ($674.7 ) Tj ET Q q 0 0 0 rg BT 166.35 594.60 Td (million.Our ) Tj ET Q q 0 0 0 rg BT 220.36 594.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 241.86 594.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 285.58 594.60 Td (base ) Tj ET Q q 0 0 0 rg BT 305.41 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 314.15 594.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 349.53 594.60 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 404.92 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 414.76 594.60 Td (May ) Tj ET Q q 0 0 0 rg BT 435.15 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 451.65 594.60 Td (November ) Tj ET Q q 0 0 0 rg BT 495.92 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.32 594.60 Td (each ) Tj ET Q q 0 0 0 rg BT 526.69 594.60 Td (year) Tj ET Q q 0 0 0 rg BT 543.50 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 548.06 594.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 72.70 582.60 Td (requested ) Tj ET Q q 0 0 0 rg BT 114.22 582.60 Td (unscheduled ) Tj ET Q q 0 0 0 rg BT 167.41 582.60 Td (special ) Tj ET Q q 0 0 0 rg BT 198.38 582.60 Td (redeterminations, ) Tj ET Q q 0 0 0 rg BT 271.28 582.60 Td (in ) Tj ET Q q 0 0 0 rg BT 282.27 582.60 Td (each ) Tj ET Q q 0 0 0 rg BT 303.79 582.60 Td (case ) Tj ET Q q 0 0 0 rg BT 324.20 582.60 Td (at ) Tj ET Q q 0 0 0 rg BT 334.62 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 350.04 582.60 Td (banks) Tj ET Q q 0 0 0 rg BT 375.96 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 379.16 582.60 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 424.30 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 441.95 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 457.37 582.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 490.57 582.60 Td (is ) Tj ET Q q 0 0 0 rg BT 500.44 582.60 Td (established ) Tj ET Q q 0 0 0 rg BT 548.08 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (based, ) Tj ET Q q 0 0 0 rg BT 77.38 570.60 Td (in ) Tj ET Q q 0 0 0 rg BT 87.76 570.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 108.42 570.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 131.03 570.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 160.84 570.60 Td (external ) Tj ET Q q 0 0 0 rg BT 195.65 570.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 227.97 570.60 Td (such ) Tj ET Q q 0 0 0 rg BT 248.91 570.60 Td (as ) Tj ET Q q 0 0 0 rg BT 259.85 570.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 308.01 570.60 Td (prices.) Tj ET Q q 0 0 0 rg BT 339.20 570.60 Td (W) Tj ET Q q 0 0 0 rg BT 347.84 570.60 Td (e ) Tj ET Q q 0 0 0 rg BT 354.89 570.60 Td (do ) Tj ET Q q 0 0 0 rg BT 367.50 570.60 Td (not ) Tj ET Q q 0 0 0 rg BT 382.88 570.60 Td (know) Tj ET Q q 0 0 0 rg BT 404.46 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 409.56 570.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 425.50 570.60 Td (can ) Tj ET Q q 0 0 0 rg BT 441.99 570.60 Td (we ) Tj ET Q q 0 0 0 rg BT 456.26 570.60 Td (control, ) Tj ET Q q 0 0 0 rg BT 489.69 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 504.52 570.60 Td (results ) Tj ET Q q 0 0 0 rg BT 533.24 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 544.17 570.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 119.68 558.60 Td (or ) Tj ET Q q 0 0 0 rg BT 131.00 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 146.21 558.60 Td (ef) Tj ET Q q 0 0 0 rg BT 153.79 558.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 171.77 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 183.08 558.60 Td (then-current ) Tj ET Q q 0 0 0 rg BT 234.93 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 248.48 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 265.90 558.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 296.65 558.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 312.97 558.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 339.84 558.60 Td (on ) Tj ET Q q 0 0 0 rg BT 352.82 558.60 Td (any ) Tj ET Q q 0 0 0 rg BT 370.25 558.60 Td (such ) Tj ET Q q 0 0 0 rg BT 391.57 558.60 Td (redetermination. ) Tj ET Q q 0 0 0 rg BT 460.36 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 462.69 558.60 Td (A) Tj ET Q q 0 0 0 rg BT 469.36 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 472.34 558.60 Td (future ) Tj ET Q q 0 0 0 rg BT 499.21 558.60 Td (redetermination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (lowering ) Tj ET Q q 0 0 0 rg BT 87.50 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 103.28 546.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 147.40 546.60 Td (base ) Tj ET Q q 0 0 0 rg BT 167.62 546.60 Td (could ) Tj ET Q q 0 0 0 rg BT 192.29 546.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 213.64 546.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 261.07 546.60 Td (under ) Tj ET Q q 0 0 0 rg BT 286.30 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 302.08 546.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 323.97 546.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 349.19 546.60 Td (facility) Tj ET Q q 0 0 0 rg BT 376.86 546.60 Td (. ) Tj ET Q q 0 0 0 rg BT 381.81 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 384.27 546.60 Td (If ) Tj ET Q q 0 0 0 rg BT 393.38 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 408.05 546.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 457.17 546.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 476.84 546.60 Td (under ) Tj ET Q q 0 0 0 rg BT 502.06 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 517.85 546.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.74 546.60 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.12 534.60 Td (were ) Tj ET Q q 0 0 0 rg BT 101.85 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 111.93 534.60 Td (ever ) Tj ET Q q 0 0 0 rg BT 131.44 534.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 161.49 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 176.01 534.60 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 219.97 534.60 Td (base, ) Tj ET Q q 0 0 0 rg BT 242.54 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 256.51 534.60 Td (would ) Tj ET Q q 0 0 0 rg BT 283.81 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 295.55 534.60 Td (required ) Tj ET Q q 0 0 0 rg BT 331.16 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 341.24 534.60 Td (repay ) Tj ET Q q 0 0 0 rg BT 365.75 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 380.27 534.60 Td (excess ) Tj ET Q q 0 0 0 rg BT 408.67 534.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 440.97 534.60 Td (over ) Tj ET Q q 0 0 0 rg BT 461.04 534.60 Td (a ) Tj ET Q q 0 0 0 rg BT 467.77 534.60 Td (period ) Tj ET Q q 0 0 0 rg BT 495.62 534.60 Td (not ) Tj ET Q q 0 0 0 rg BT 510.70 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 520.78 534.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 550.84 534.60 Td (six ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 498.60 Td (level ) Tj ET Q q 0 0 0 rg BT 107.48 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.31 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 134.14 498.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 188.30 498.60 Td (could ) Tj ET Q q 0 0 0 rg BT 213.01 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 234.39 498.60 Td (important ) Tj ET Q q 0 0 0 rg BT 275.77 498.60 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 335.75 498.60 Td (including ) Tj ET Q q 0 0 0 rg BT 376.02 498.60 Td (but ) Tj ET Q q 0 0 0 rg BT 391.30 498.60 Td (not ) Tj ET Q q 0 0 0 rg BT 406.58 498.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 437.41 498.60 Td (to ) Tj ET Q q 0 0 0 rg BT 447.69 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 462.40 498.60 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 474.60 Td (increasing ) Tj ET Q q 0 0 0 rg BT 129.09 474.60 Td (our ) Tj ET Q q 0 0 0 rg BT 144.92 474.60 Td (vulnerability ) Tj ET Q q 0 0 0 rg BT 198.52 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.80 474.60 Td (general ) Tj ET Q q 0 0 0 rg BT 240.72 474.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 273.76 474.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 315.13 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.07 474.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 367.35 474.60 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 462.60 Td (impairing ) Tj ET Q q 0 0 0 rg BT 126.87 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 142.70 462.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 170.74 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 181.01 462.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 208.50 462.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 250.98 462.60 Td (financing ) Tj ET Q q 0 0 0 rg BT 291.24 462.60 Td (for ) Tj ET Q q 0 0 0 rg BT 305.39 462.60 Td (working ) Tj ET Q q 0 0 0 rg BT 341.22 462.60 Td (capital, ) Tj ET Q q 0 0 0 rg BT 372.86 462.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 402.00 462.60 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 458.09 462.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 510.85 462.60 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 450.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 124.10 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 134.93 450.60 Td (general ) Tj ET Q q 0 0 0 rg BT 166.85 450.60 Td (corporate ) Tj ET Q q 0 0 0 rg BT 207.11 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.04 450.60 Td (other ) Tj ET Q q 0 0 0 rg BT 247.09 450.60 Td (purposes;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 438.60 Td (potentially ) Tj ET Q q 0 0 0 rg BT 130.77 438.60 Td (restricting ) Tj ET Q q 0 0 0 rg BT 173.81 438.60 Td (us ) Tj ET Q q 0 0 0 rg BT 185.20 438.60 Td (from ) Tj ET Q q 0 0 0 rg BT 207.14 438.60 Td (making ) Tj ET Q q 0 0 0 rg BT 239.64 438.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 289.91 438.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.74 438.60 Td (exploiting ) Tj ET Q q 0 0 0 rg BT 343.79 438.60 Td (business ) Tj ET Q q 0 0 0 rg BT 380.18 438.60 Td (opportunities;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 426.60 Td (reducing ) Tj ET Q q 0 0 0 rg BT 122.30 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 137.45 426.60 Td (available ) Tj ET Q q 0 0 0 rg BT 175.36 426.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 194.95 426.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 215.10 426.60 Td (if ) Tj ET Q q 0 0 0 rg BT 223.02 426.60 Td (market ) Tj ET Q q 0 0 0 rg BT 252.61 426.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 283.86 426.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 304.56 426.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 339.13 426.60 Td (or ) Tj ET Q q 0 0 0 rg BT 349.28 426.60 Td (if ) Tj ET Q q 0 0 0 rg BT 357.20 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 371.24 426.60 Td (level ) Tj ET Q q 0 0 0 rg BT 392.49 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 402.64 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 417.79 426.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 471.26 426.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 523.07 426.60 Td (increases;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 414.60 Td (requiring ) Tj ET Q q 0 0 0 rg BT 124.19 414.60 Td (dedication ) Tj ET Q q 0 0 0 rg BT 167.87 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.23 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.70 414.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 229.50 414.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 260.42 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 270.78 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 286.14 414.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 305.94 414.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 330.20 414.60 Td (from ) Tj ET Q q 0 0 0 rg BT 351.67 414.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 395.35 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 405.16 414.60 Td (servicing ) Tj ET Q q 0 0 0 rg BT 443.85 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 459.21 414.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 512.90 414.60 Td (\(so ) Tj ET Q q 0 0 0 rg BT 527.15 414.60 Td (that ) Tj ET Q q 0 0 0 rg BT 544.18 414.60 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 402.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 105.77 402.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 130.49 402.60 Td (would ) Tj ET Q q 0 0 0 rg BT 157.99 402.60 Td (not ) Tj ET Q q 0 0 0 rg BT 173.27 402.60 Td (be ) Tj ET Q q 0 0 0 rg BT 185.21 402.60 Td (available ) Tj ET Q q 0 0 0 rg BT 223.80 402.60 Td (for ) Tj ET Q q 0 0 0 rg BT 237.96 402.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 267.11 402.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 320.70 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 331.53 402.60 Td (other ) Tj ET Q q 0 0 0 rg BT 354.58 402.60 Td (purposes\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 390.60 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.24 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 134.64 390.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 162.26 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.11 390.60 Td (borrow ) Tj ET Q q 0 0 0 rg BT 203.06 390.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 245.12 390.60 Td (funds, ) Tj ET Q q 0 0 0 rg BT 271.91 390.60 Td (dispose ) Tj ET Q q 0 0 0 rg BT 303.98 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 314.38 390.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 342.28 390.60 Td (pay ) Tj ET Q q 0 0 0 rg BT 358.79 390.60 Td (dividends, ) Tj ET Q q 0 0 0 rg BT 402.24 390.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 422.64 390.60 Td (share ) Tj ET Q q 0 0 0 rg BT 445.81 390.60 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 495.08 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 511.58 390.60 Td (make ) Tj ET Q q 0 0 0 rg BT 535.31 390.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 378.60 Td (investments; ) Tj ET Q q 0 0 0 rg BT 138.55 378.60 Td (and/or) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 366.60 Td (placing ) Tj ET Q q 0 0 0 rg BT 117.43 366.60 Td (us ) Tj ET Q q 0 0 0 rg BT 128.83 366.60 Td (at ) Tj ET Q q 0 0 0 rg BT 138.54 366.60 Td (a ) Tj ET Q q 0 0 0 rg BT 145.48 366.60 Td (competitive ) Tj ET Q q 0 0 0 rg BT 195.19 366.60 Td (disadvantage ) Tj ET Q q 0 0 0 rg BT 249.89 366.60 Td (as ) Tj ET Q q 0 0 0 rg BT 260.72 366.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 302.64 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 312.92 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 328.75 366.60 Td (competitors ) Tj ET Q q 0 0 0 rg BT 378.46 366.60 Td (that ) Tj ET Q q 0 0 0 rg BT 395.96 366.60 Td (have ) Tj ET Q q 0 0 0 rg BT 417.34 366.60 Td (less ) Tj ET Q q 0 0 0 rg BT 434.84 366.60 Td (debt.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.40 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 122.42 342.60 Td (rising ) Tj ET Q q 0 0 0 rg BT 147.71 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 179.66 342.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 201.05 342.60 Td (would, ) Tj ET Q q 0 0 0 rg BT 231.06 342.60 Td (among ) Tj ET Q q 0 0 0 rg BT 260.80 342.60 Td (other ) Tj ET Q q 0 0 0 rg BT 283.86 342.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 313.32 342.60 Td (af) Tj ET Q q 0 0 0 rg BT 320.91 342.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 338.41 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 354.25 342.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.20 342.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 408.72 342.60 Td (under ) Tj ET Q q 0 0 0 rg BT 434.00 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 449.84 342.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 471.80 342.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 497.08 342.60 Td (facility) Tj ET Q q 0 0 0 rg BT 524.75 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 529.76 342.60 Td (increase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 330.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 82.83 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.66 330.60 Td (any ) Tj ET Q q 0 0 0 rg BT 110.59 330.60 Td (new ) Tj ET Q q 0 0 0 rg BT 129.75 330.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 149.47 330.60 Td (financings, ) Tj ET Q q 0 0 0 rg BT 196.13 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 206.96 330.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 228.35 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 244.18 330.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 272.23 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 282.51 330.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 323.88 330.60 Td (borrow ) Tj ET Q q 0 0 0 rg BT 355.27 330.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 397.76 330.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 422.48 330.60 Td (on ) Tj ET Q q 0 0 0 rg BT 434.98 330.60 Td (favorable ) Tj ET Q q 0 0 0 rg BT 475.23 330.60 Td (terms. ) Tj ET Q q 0 0 0 rg BT 502.45 330.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 306.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.12 306.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 106.42 306.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 149.48 306.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 191.43 306.60 Td (in ) Tj ET Q q 0 0 0 rg BT 202.28 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 217.57 306.60 Td (agreements ) Tj ET Q q 0 0 0 rg BT 266.18 306.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 309.80 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 326.21 306.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 375.95 306.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 430.68 306.60 Td (may ) Tj ET Q q 0 0 0 rg BT 450.98 306.60 Td (also ) Tj ET Q q 0 0 0 rg BT 470.16 306.60 Td (af) Tj ET Q q 0 0 0 rg BT 477.75 306.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 495.81 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 512.22 306.60 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 554.73 306.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (reacting ) Tj ET Q q 0 0 0 rg BT 84.50 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 95.08 294.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 130.08 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 140.66 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.67 294.60 Td (economy ) Tj ET Q q 0 0 0 rg BT 195.13 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 212.36 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 222.94 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 239.07 294.60 Td (industry) Tj ET Q q 0 0 0 rg BT 271.19 294.60 Td (. ) Tj ET Q q 0 0 0 rg BT 276.49 294.60 Td ( ) Tj ET Q q 0 0 0 rg BT 279.29 294.60 Td (For ) Tj ET Q q 0 0 0 rg BT 295.98 294.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 335.15 294.60 Td (as ) Tj ET Q q 0 0 0 rg BT 346.28 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 362.41 294.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 382.97 294.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 404.10 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 426.34 294.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 470.79 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 480.26 294.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 508.61 294.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 552.50 294.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.59 282.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 91.35 282.60 Td (that ) Tj ET Q q 0 0 0 rg BT 109.22 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 123.76 282.60 Td (receive ) Tj ET Q q 0 0 0 rg BT 155.50 282.60 Td (for ) Tj ET Q q 0 0 0 rg BT 170.04 282.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 183.47 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.79 282.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 231.43 282.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 250.13 282.60 Td (our ) Tj ET Q q 0 0 0 rg BT 266.34 282.60 Td (leverage ) Tj ET Q q 0 0 0 rg BT 303.08 282.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 335.39 282.60 Td (deteriorated ) Tj ET Q q 0 0 0 rg BT 386.02 282.60 Td (during ) Tj ET Q q 0 0 0 rg BT 415.01 282.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.88 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 455.20 282.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 480.58 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.45 282.60 Td (Between ) Tj ET Q q 0 0 0 rg BT 521.32 282.60 Td (May ) Tj ET Q q 0 0 0 rg BT 542.52 282.60 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.26 270.60 Td (April ) Tj ET Q q 0 0 0 rg BT 88.07 270.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 112.26 270.60 Td (we ) Tj ET Q q 0 0 0 rg BT 125.62 270.60 Td (modified ) Tj ET Q q 0 0 0 rg BT 163.42 270.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 192.32 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 202.35 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 217.37 270.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.05 270.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 306.27 270.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 347.95 270.60 Td (under ) Tj ET Q q 0 0 0 rg BT 372.42 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 387.44 270.60 Td (senior ) Tj ET Q q 0 0 0 rg BT 413.58 270.60 Td (secured ) Tj ET Q q 0 0 0 rg BT 445.81 270.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 466.95 270.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 491.41 270.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 521.43 270.60 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.86 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 74.66 258.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 99.74 258.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 122.32 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 139.34 258.60 Td (2018 ) Tj ET Q q 0 0 0 rg BT 161.93 258.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 193.95 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 204.31 258.60 Td (support ) Tj ET Q q 0 0 0 rg BT 236.89 258.60 Td (continuing ) Tj ET Q q 0 0 0 rg BT 282.24 258.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 330.92 258.60 Td (with ) Tj ET Q q 0 0 0 rg BT 351.28 258.60 Td (these ) Tj ET Q q 0 0 0 rg BT 374.40 258.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 416.97 258.60 Td (in ) Tj ET Q q 0 0 0 rg BT 427.33 258.60 Td (this ) Tj ET Q q 0 0 0 rg BT 444.36 258.60 Td (low ) Tj ET Q q 0 0 0 rg BT 461.94 258.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 475.08 258.60 Td (price ) Tj ET Q q 0 0 0 rg BT 497.65 258.60 Td (environment. ) Tj ET Q q 0 0 0 rg BT 553.27 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 555.86 258.60 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.96 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 78.30 246.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 107.97 246.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 123.20 246.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 148.98 246.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 178.65 246.60 Td (at ) Tj ET Q q 0 0 0 rg BT 187.77 246.60 Td (current ) Tj ET Q q 0 0 0 rg BT 217.99 246.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 243.22 246.60 Td (for ) Tj ET Q q 0 0 0 rg BT 256.78 246.60 Td (an ) Tj ET Q q 0 0 0 rg BT 268.12 246.60 Td (extended ) Tj ET Q q 0 0 0 rg BT 306.12 246.60 Td (period ) Tj ET Q q 0 0 0 rg BT 333.57 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 343.80 246.60 Td (time, ) Tj ET Q q 0 0 0 rg BT 365.98 246.60 Td (these ) Tj ET Q q 0 0 0 rg BT 388.43 246.60 Td (metrics ) Tj ET Q q 0 0 0 rg BT 419.77 246.60 Td (could ) Tj ET Q q 0 0 0 rg BT 443.89 246.60 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 488.54 246.60 Td (further) Tj ET Q q 0 0 0 rg BT 515.35 246.60 Td (, ) Tj ET Q q 0 0 0 rg BT 519.75 246.60 Td (potentially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 82.99 234.60 Td (us ) Tj ET Q q 0 0 0 rg BT 94.82 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 105.54 234.60 Td (not ) Tj ET Q q 0 0 0 rg BT 121.25 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 133.63 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 144.35 234.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 193.38 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 214.09 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.36 234.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 252.74 234.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 278.45 234.60 Td (facility) Tj ET Q q 0 0 0 rg BT 309.54 234.60 Td (s ) Tj ET Q q 0 0 0 rg BT 316.38 234.60 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 361.80 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 364.74 234.60 Td (In ) Tj ET Q q 0 0 0 rg BT 376.01 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 391.17 234.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 420.48 234.60 Td (we ) Tj ET Q q 0 0 0 rg BT 435.08 234.60 Td (may ) Tj ET Q q 0 0 0 rg BT 455.24 234.60 Td (be ) Tj ET Q q 0 0 0 rg BT 467.62 234.60 Td (required ) Tj ET Q q 0 0 0 rg BT 503.87 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 514.59 234.60 Td (seek ) Tj ET Q q 0 0 0 rg BT 535.30 234.60 Td (further ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (modifications ) Tj ET Q q 0 0 0 rg BT 107.31 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 222.60 Td (these ) Tj ET Q q 0 0 0 rg BT 141.82 222.60 Td (covenants, ) Tj ET Q q 0 0 0 rg BT 187.12 222.60 Td (or ) Tj ET Q q 0 0 0 rg BT 198.26 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 208.86 222.60 Td (further ) Tj ET Q q 0 0 0 rg BT 238.88 222.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 268.34 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 284.49 222.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 304.52 222.60 Td (by) Tj ET Q q 0 0 0 rg BT 313.88 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 319.19 222.60 Td (among ) Tj ET Q q 0 0 0 rg BT 349.22 222.60 Td (other ) Tj ET Q q 0 0 0 rg BT 372.59 222.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 402.35 222.60 Td (purchasing ) Tj ET Q q 0 0 0 rg BT 449.05 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 465.19 222.60 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 519.66 222.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 539.70 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 222.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (open ) Tj ET Q q 0 0 0 rg BT 71.31 210.60 Td (market, ) Tj ET Q q 0 0 0 rg BT 103.94 210.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 151.29 210.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 171.43 210.60 Td (tenders ) Tj ET Q q 0 0 0 rg BT 202.67 210.60 Td (for ) Tj ET Q q 0 0 0 rg BT 216.70 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 232.40 210.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 251.98 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 262.68 210.60 Td (public ) Tj ET Q q 0 0 0 rg BT 290.04 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 300.74 210.60 Td (privately ) Tj ET Q q 0 0 0 rg BT 338.65 210.60 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 382.67 210.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 402.25 210.60 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 448.76 210.60 Td (issuing ) Tj ET Q q 0 0 0 rg BT 479.47 210.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 506.83 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 517.53 210.60 Td (completing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.15 198.60 Td (sales ) Tj ET Q q 0 0 0 rg BT 92.80 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 109.46 198.60 Td (other ) Tj ET Q q 0 0 0 rg BT 132.22 198.60 Td (cash-generating ) Tj ET Q q 0 0 0 rg BT 197.73 198.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 238.54 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 240.60 198.60 Td (W) Tj ET Q q 0 0 0 rg BT 249.23 198.60 Td (e ) Tj ET Q q 0 0 0 rg BT 255.88 198.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 284.75 198.60 Td (assure ) Tj ET Q q 0 0 0 rg BT 311.96 198.60 Td (you, ) Tj ET Q q 0 0 0 rg BT 331.67 198.60 Td (however) Tj ET Q q 0 0 0 rg BT 365.70 198.60 Td (, ) Tj ET Q q 0 0 0 rg BT 370.41 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.62 198.60 Td (we ) Tj ET Q q 0 0 0 rg BT 401.49 198.60 Td (will ) Tj ET Q q 0 0 0 rg BT 419.26 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 430.92 198.60 Td (able ) Tj ET Q q 0 0 0 rg BT 449.78 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 459.78 198.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 510.87 198.60 Td (modify ) Tj ET Q q 0 0 0 rg BT 541.97 198.60 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.54 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 101.92 186.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 130.63 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.01 186.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 165.28 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.11 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 189.39 186.60 Td (future. ) Tj ET Q q 0 0 0 rg BT 217.82 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.87 186.60 Td (For ) Tj ET Q q 0 0 0 rg BT 235.82 186.60 Td (more ) Tj ET Q q 0 0 0 rg BT 258.42 186.60 Td (information ) Tj ET Q q 0 0 0 rg BT 307.69 186.60 Td (on ) Tj ET Q q 0 0 0 rg BT 319.74 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.13 186.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 356.62 186.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 381.44 186.60 Td (facility) Tj ET Q q 0 0 0 rg BT 409.11 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 413.66 186.60 Td (see ) Tj ET Q q 0 0 0 rg BT 428.49 186.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 448.87 186.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 458.42 186.60 Td (Management) Tj ET Q q 0 0 0 rg BT 512.67 186.60 Td (s ) Tj ET Q q 0 0 0 rg BT 518.62 186.60 Td (Discussion ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.84 174.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 103.25 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 113.56 174.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 154.96 174.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 197.49 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.02 174.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 246.43 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.73 174.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 301.73 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.25 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 311.78 174.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 344.31 174.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 372.27 174.60 Td (ces ) Tj ET Q q 0 0 0 rg BT 387.56 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 405.08 174.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 443.72 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 451.25 174.60 Td (Senior ) Tj ET Q q 0 0 0 rg BT 479.88 174.60 Td (Secur) Tj ET Q q 0 0 0 rg BT 502.28 174.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 514.24 174.60 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.31 174.60 Td (Cr) Tj ET Q q 0 0 0 rg BT 547.50 174.60 Td (edit ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.60 162.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 70.31 138.60 Td (failur) Tj ET Q q 0 0 0 rg BT 94.02 138.60 Td (e ) Tj ET Q q 0 0 0 rg BT 101.48 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 112.84 138.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 136.40 138.60 Td (our) Tj ET Q q 0 0 0 rg BT 151.22 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 154.25 138.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 176.17 138.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 225.88 138.60 Td (or) Tj ET Q q 0 0 0 rg BT 235.13 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 238.16 138.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 272.30 138.60 Td (with ) Tj ET Q q 0 0 0 rg BT 294.22 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.57 138.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 332.49 138.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 377.74 138.60 Td (contained ) Tj ET Q q 0 0 0 rg BT 422.44 138.60 Td (in ) Tj ET Q q 0 0 0 rg BT 433.81 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 450.16 138.60 Td (agr) Tj ET Q q 0 0 0 rg BT 464.42 138.60 Td (eements ) Tj ET Q q 0 0 0 rg BT 501.88 138.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 547.68 138.60 Td (our) Tj ET Q q 0 0 0 rg BT 562.50 138.60 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 102.58 126.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 160.09 126.60 Td (could ) Tj ET Q q 0 0 0 rg BT 185.93 126.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 211.76 126.60 Td (our) Tj ET Q q 0 0 0 rg BT 226.58 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 229.08 126.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 269.66 126.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.38 126.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 351.89 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 370.52 126.60 Td (r) Tj ET Q q 0 0 0 rg BT 374.77 126.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 401.17 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.00 126.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 102.60 Td (e ) Tj ET Q q 0 0 0 rg BT 82.66 102.60 Td (expect ) Tj ET Q q 0 0 0 rg BT 110.83 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.24 102.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 146.08 102.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 170.39 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 180.24 102.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 200.09 102.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 252.16 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 273.68 102.60 Td (year ) Tj ET Q q 0 0 0 rg BT 292.96 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 302.82 102.60 Td (year ) Tj ET Q q 0 0 0 rg BT 322.11 102.60 Td (due ) Tj ET Q q 0 0 0 rg BT 338.63 102.60 Td (to ) Tj ET Q q 0 0 0 rg BT 348.48 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.78 102.60 Td (cyclical ) Tj ET Q q 0 0 0 rg BT 395.95 102.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 423.01 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 433.42 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 448.83 102.60 Td (business. ) Tj ET Q q 0 0 0 rg BT 487.30 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 488.92 102.60 Td (A) Tj ET Q q 0 0 0 rg BT 495.59 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 497.67 102.60 Td (sustained ) Tj ET Q q 0 0 0 rg BT 536.96 102.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.49 90.60 Td (low ) Tj ET Q q 0 0 0 rg BT 78.16 90.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 91.37 90.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 117.91 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 128.91 90.60 Td (their ) Tj ET Q q 0 0 0 rg BT 149.89 90.60 Td (further ) Tj ET Q q 0 0 0 rg BT 179.76 90.60 Td (deterioration ) Tj ET Q q 0 0 0 rg BT 233.52 90.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.40 90.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 278.26 90.60 Td (us ) Tj ET Q q 0 0 0 rg BT 289.82 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 300.26 90.60 Td (be ) Tj ET Q q 0 0 0 rg BT 312.36 90.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 341.68 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 352.12 90.60 Td (make ) Tj ET Q q 0 0 0 rg BT 376.44 90.60 Td (required ) Tj ET Q q 0 0 0 rg BT 412.42 90.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 453.40 90.60 Td (on ) Tj ET Q q 0 0 0 rg BT 466.07 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 482.06 90.60 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 538.88 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 541.54 90.60 Td (If ) Tj ET Q q 0 0 0 rg BT 550.86 90.60 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.10 78.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 93.15 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.32 78.60 Td (generate ) Tj ET Q q 0 0 0 rg BT 139.58 78.60 Td (suf) Tj ET Q q 0 0 0 rg BT 151.62 78.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 179.56 78.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 199.72 78.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 224.33 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 235.06 78.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 276.33 78.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 303.72 78.60 Td (funds ) Tj ET Q q 0 0 0 rg BT 328.33 78.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 369.60 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 379.77 78.60 Td (make ) Tj ET Q q 0 0 0 rg BT 403.82 78.60 Td (required ) Tj ET Q q 0 0 0 rg BT 439.53 78.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 480.25 78.60 Td (on ) Tj ET Q q 0 0 0 rg BT 492.64 78.60 Td (our ) Tj ET Q q 0 0 0 rg BT 508.36 78.60 Td (indebtedness, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.99 66.60 Td (if ) Tj ET Q q 0 0 0 rg BT 70.26 66.60 Td (we ) Tj ET Q q 0 0 0 rg BT 85.08 66.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 127.12 66.60 Td (fail ) Tj ET Q q 0 0 0 rg BT 143.61 66.60 Td (to ) Tj ET Q q 0 0 0 rg BT 154.55 66.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 187.71 66.60 Td (with ) Tj ET Q q 0 0 0 rg BT 208.65 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 224.02 66.60 Td (various ) Tj ET Q q 0 0 0 rg BT 256.62 66.60 Td (covenants ) Tj ET Q q 0 0 0 rg BT 299.77 66.60 Td (governing ) Tj ET Q q 0 0 0 rg BT 343.48 66.60 Td (such ) Tj ET Q q 0 0 0 rg BT 364.97 66.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 422.29 66.60 Td (especially ) Tj ET Q q 0 0 0 rg BT 465.43 66.60 Td (those ) Tj ET Q q 0 0 0 rg BT 489.70 66.60 Td (in ) Tj ET Q q 0 0 0 rg BT 500.64 66.60 Td (our ) Tj ET Q q 0 0 0 rg BT 517.13 66.60 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.73 66.60 Td (credit ) Tj ET Q endstream endobj 53 0 obj <> endobj 54 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (facility) Tj ET Q q 0 0 0 rg BT 77.17 726.60 Td (, ) Tj ET Q q 0 0 0 rg BT 82.60 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 97.19 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 122.34 726.60 Td (be ) Tj ET Q q 0 0 0 rg BT 134.71 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 145.41 726.60 Td (default ) Tj ET Q q 0 0 0 rg BT 176.11 726.60 Td (under ) Tj ET Q q 0 0 0 rg BT 201.80 726.60 Td (such ) Tj ET Q q 0 0 0 rg BT 223.06 726.60 Td (indebtedness. ) Tj ET Q q 0 0 0 rg BT 280.15 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 282.43 726.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 302.58 726.60 Td (such ) Tj ET Q q 0 0 0 rg BT 323.84 726.60 Td (default, ) Tj ET Q q 0 0 0 rg BT 357.04 726.60 Td (if ) Tj ET Q q 0 0 0 rg BT 366.08 726.60 Td (not ) Tj ET Q q 0 0 0 rg BT 381.78 726.60 Td (cured ) Tj ET Q q 0 0 0 rg BT 406.92 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 418.18 726.60 Td (waived, ) Tj ET Q q 0 0 0 rg BT 452.49 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 477.63 726.60 Td (permit ) Tj ET Q q 0 0 0 rg BT 506.67 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.81 726.60 Td (holders ) Tj ET Q q 0 0 0 rg BT 554.18 726.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (such ) Tj ET Q q 0 0 0 rg BT 69.96 714.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 123.75 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 133.66 714.60 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 175.75 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.09 714.60 Td (maturity ) Tj ET Q q 0 0 0 rg BT 226.11 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 236.57 714.60 Td (such ) Tj ET Q q 0 0 0 rg BT 257.03 714.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 310.82 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 327.39 714.60 Td (could ) Tj ET Q q 0 0 0 rg BT 351.73 714.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 376.07 714.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 409.86 714.60 Td (under ) Tj ET Q q 0 0 0 rg BT 434.76 714.60 Td (other ) Tj ET Q q 0 0 0 rg BT 457.44 714.60 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 513.72 714.60 Td (which ) Tj ET Q q 0 0 0 rg BT 540.29 714.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (have ) Tj ET Q q 0 0 0 rg BT 69.87 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 75.80 702.60 Td (material ) Tj ET Q q 0 0 0 rg BT 110.05 702.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 142.08 702.60 Td (ef) Tj ET Q q 0 0 0 rg BT 149.67 702.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 166.14 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 177.63 702.60 Td (us. ) Tj ET Q q 0 0 0 rg BT 190.52 702.60 Td ( ) Tj ET Q q 0 0 0 rg BT 192.01 702.60 Td (In ) Tj ET Q q 0 0 0 rg BT 201.83 702.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 238.60 702.60 Td (any ) Tj ET Q q 0 0 0 rg BT 254.53 702.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 282.11 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 291.38 702.60 Td (make ) Tj ET Q q 0 0 0 rg BT 314.53 702.60 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 356.01 702.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 395.82 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.65 702.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 436.57 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 452.50 702.60 Td (principal ) Tj ET Q q 0 0 0 rg BT 489.53 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 501.03 702.60 Td (our ) Tj ET Q q 0 0 0 rg BT 515.85 702.60 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (indebtedness ) Tj ET Q q 0 0 0 rg BT 103.53 690.60 Td (would ) Tj ET Q q 0 0 0 rg BT 130.90 690.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 156.04 690.60 Td (result ) Tj ET Q q 0 0 0 rg BT 180.63 690.60 Td (in ) Tj ET Q q 0 0 0 rg BT 190.78 690.60 Td (a ) Tj ET Q q 0 0 0 rg BT 197.59 690.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 237.73 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.43 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 264.13 690.60 Td (credit ) Tj ET Q q 0 0 0 rg BT 289.27 690.60 Td (rating, ) Tj ET Q q 0 0 0 rg BT 317.47 690.60 Td (which ) Tj ET Q q 0 0 0 rg BT 344.28 690.60 Td (could ) Tj ET Q q 0 0 0 rg BT 368.87 690.60 Td (harm ) Tj ET Q q 0 0 0 rg BT 391.79 690.60 Td (our ) Tj ET Q q 0 0 0 rg BT 407.49 690.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 435.41 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 445.56 690.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 468.48 690.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 510.84 690.60 Td (indebtedness ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 60.79 678.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 104.26 678.60 Td (terms. ) Tj ET Q q 0 0 0 rg BT 130.27 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.56 678.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 148.40 678.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 175.24 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.30 678.60 Td (meet ) Tj ET Q q 0 0 0 rg BT 205.02 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 219.64 678.60 Td (obligations ) Tj ET Q q 0 0 0 rg BT 265.37 678.60 Td (under ) Tj ET Q q 0 0 0 rg BT 289.43 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 304.05 678.60 Td (debt ) Tj ET Q q 0 0 0 rg BT 322.55 678.60 Td (instruments ) Tj ET Q q 0 0 0 rg BT 370.51 678.60 Td (will ) Tj ET Q q 0 0 0 rg BT 387.35 678.60 Td (depend, ) Tj ET Q q 0 0 0 rg BT 420.02 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 429.08 678.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 448.42 678.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 469.71 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 484.32 678.60 Td (future ) Tj ET Q q 0 0 0 rg BT 509.49 678.60 Td (performance, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (which ) Tj ET Q q 0 0 0 rg BT 76.67 666.60 Td (will ) Tj ET Q q 0 0 0 rg BT 94.96 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 107.13 666.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 138.18 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 148.69 666.60 Td (prevailing ) Tj ET Q q 0 0 0 rg BT 191.96 666.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 233.57 666.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 280.46 666.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 328.75 666.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 357.85 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 375.02 666.60 Td (financial, ) Tj ET Q q 0 0 0 rg BT 415.24 666.60 Td (business ) Tj ET Q q 0 0 0 rg BT 451.86 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 469.03 666.60 Td (other ) Tj ET Q q 0 0 0 rg BT 492.31 666.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 524.74 666.60 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 79.21 654.60 Td (beyond ) Tj ET Q q 0 0 0 rg BT 111.15 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.98 654.60 Td (control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 58.17 630.60 Td (cyber) Tj ET Q q 0 0 0 rg BT 81.87 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 83.87 630.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 120.32 630.60 Td (could ) Tj ET Q q 0 0 0 rg BT 145.66 630.60 Td (occur) Tj ET Q q 0 0 0 rg BT 169.36 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 171.36 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.49 630.60 Td (r) Tj ET Q q 0 0 0 rg BT 193.74 630.60 Td (esult ) Tj ET Q q 0 0 0 rg BT 215.75 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 226.09 630.60 Td (information ) Tj ET Q q 0 0 0 rg BT 279.20 630.60 Td (theft, ) Tj ET Q q 0 0 0 rg BT 303.69 630.60 Td (data ) Tj ET Q q 0 0 0 rg BT 324.58 630.60 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 375.19 630.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 426.08 630.60 Td (disruption, ) Tj ET Q q 0 0 0 rg BT 475.05 630.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 503.21 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 505.21 630.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 544.44 630.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.42 606.60 Td (business ) Tj ET Q q 0 0 0 rg BT 121.69 606.60 Td (has ) Tj ET Q q 0 0 0 rg BT 137.39 606.60 Td (become ) Tj ET Q q 0 0 0 rg BT 170.86 606.60 Td (increasingly ) Tj ET Q q 0 0 0 rg BT 222.10 606.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 265.57 606.60 Td (on ) Tj ET Q q 0 0 0 rg BT 277.94 606.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 305.86 606.60 Td (technologies ) Tj ET Q q 0 0 0 rg BT 358.78 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.93 606.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 402.95 606.60 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 448.64 606.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 495.17 606.60 Td (including ) Tj ET Q q 0 0 0 rg BT 535.31 606.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 61.12 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 77.74 594.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 129.07 594.60 Td (development ) Tj ET Q q 0 0 0 rg BT 184.01 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 201.74 594.60 Td (production ) Tj ET Q q 0 0 0 rg BT 248.36 594.60 Td (activities. ) Tj ET Q q 0 0 0 rg BT 290.25 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 293.30 594.60 Td (W) Tj ET Q q 0 0 0 rg BT 301.94 594.60 Td (e ) Tj ET Q q 0 0 0 rg BT 309.66 594.60 Td (depend ) Tj ET Q q 0 0 0 rg BT 341.83 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 355.12 594.60 Td (digital ) Tj ET Q q 0 0 0 rg BT 383.96 594.60 Td (technology) Tj ET Q q 0 0 0 rg BT 427.75 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 433.54 594.60 Td (among ) Tj ET Q q 0 0 0 rg BT 464.04 594.60 Td (other ) Tj ET Q q 0 0 0 rg BT 487.88 594.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 518.12 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 594.60 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 90.23 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 100.40 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 112.80 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 129.08 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 158.69 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.86 582.60 Td (reserves; ) Tj ET Q q 0 0 0 rg BT 211.24 582.60 Td (process ) Tj ET Q q 0 0 0 rg BT 243.07 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.36 582.60 Td (record ) Tj ET Q q 0 0 0 rg BT 286.74 582.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 323.56 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 339.84 582.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 379.45 582.60 Td (data; ) Tj ET Q q 0 0 0 rg BT 400.73 582.60 Td (analyze ) Tj ET Q q 0 0 0 rg BT 433.10 582.60 Td (seismic ) Tj ET Q q 0 0 0 rg BT 464.94 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 582.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 512.51 582.60 Td (information; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (process ) Tj ET Q q 0 0 0 rg BT 82.52 570.60 Td (wire ) Tj ET Q q 0 0 0 rg BT 103.31 570.60 Td (transfers ) Tj ET Q q 0 0 0 rg BT 140.77 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 158.24 570.60 Td (store ) Tj ET Q q 0 0 0 rg BT 180.70 570.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.06 570.60 Td (banking ) Tj ET Q q 0 0 0 rg BT 232.30 570.60 Td (information; ) Tj ET Q q 0 0 0 rg BT 285.32 570.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 320.01 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.48 570.60 Td (control ) Tj ET Q q 0 0 0 rg BT 368.83 570.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 404.07 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 421.54 570.60 Td (plant ) Tj ET Q q 0 0 0 rg BT 444.56 570.60 Td (equipment; ) Tj ET Q q 0 0 0 rg BT 492.58 570.60 Td (process ) Tj ET Q q 0 0 0 rg BT 525.59 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 543.06 570.60 Td (store ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (personally ) Tj ET Q q 0 0 0 rg BT 94.30 558.60 Td (identifiable ) Tj ET Q q 0 0 0 rg BT 142.98 558.60 Td (information ) Tj ET Q q 0 0 0 rg BT 193.33 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 204.80 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.27 558.60 Td (employees ) Tj ET Q q 0 0 0 rg BT 267.18 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 284.76 558.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 316.23 558.60 Td (owners; ) Tj ET Q q 0 0 0 rg BT 351.03 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.61 558.60 Td (communicate ) Tj ET Q q 0 0 0 rg BT 425.62 558.60 Td (with ) Tj ET Q q 0 0 0 rg BT 446.54 558.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 494.95 558.60 Td (stakeholders ) Tj ET Q q 0 0 0 rg BT 548.07 558.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (business ) Tj ET Q q 0 0 0 rg BT 86.72 546.60 Td (associates. ) Tj ET Q q 0 0 0 rg BT 132.54 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.87 546.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 154.76 546.60 Td (technologies, ) Tj ET Q q 0 0 0 rg BT 211.13 546.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 246.14 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.91 546.60 Td (networks ) Tj ET Q q 0 0 0 rg BT 303.90 546.60 Td (may ) Tj ET Q q 0 0 0 rg BT 324.45 546.60 Td (become ) Tj ET Q q 0 0 0 rg BT 358.88 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 374.42 546.60 Td (tar) Tj ET Q q 0 0 0 rg BT 384.79 546.60 Td (get ) Tj ET Q q 0 0 0 rg BT 400.34 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 412.00 546.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 437.54 546.60 Td (attacks ) Tj ET Q q 0 0 0 rg BT 468.64 546.60 Td (or ) Tj ET Q q 0 0 0 rg BT 480.30 546.60 Td (information ) Tj ET Q q 0 0 0 rg BT 530.85 546.60 Td (security ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (breaches ) Tj ET Q q 0 0 0 rg BT 86.92 534.60 Td (that ) Tj ET Q q 0 0 0 rg BT 104.36 534.60 Td (could ) Tj ET Q q 0 0 0 rg BT 129.03 534.60 Td (result ) Tj ET Q q 0 0 0 rg BT 153.69 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.91 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.58 534.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 221.58 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 232.36 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 248.13 534.60 Td (business ) Tj ET Q q 0 0 0 rg BT 284.47 534.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 328.57 534.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 356.57 534.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 393.99 534.60 Td (loss. ) Tj ET Q q 0 0 0 rg BT 414.50 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 416.95 534.60 Td (For ) Tj ET Q q 0 0 0 rg BT 433.28 534.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 472.10 534.60 Td (unauthorized ) Tj ET Q q 0 0 0 rg BT 526.75 534.60 Td (access ) Tj ET Q q 0 0 0 rg BT 554.73 534.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (our ) Tj ET Q q 0 0 0 rg BT 64.87 522.60 Td (seismic ) Tj ET Q q 0 0 0 rg BT 96.91 522.60 Td (data, ) Tj ET Q q 0 0 0 rg BT 118.11 522.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 152.91 522.60 Td (information ) Tj ET Q q 0 0 0 rg BT 202.17 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 212.54 522.60 Td (other ) Tj ET Q q 0 0 0 rg BT 235.13 522.60 Td (proprietary ) Tj ET Q q 0 0 0 rg BT 281.60 522.60 Td (information ) Tj ET Q q 0 0 0 rg BT 330.85 522.60 Td (could ) Tj ET Q q 0 0 0 rg BT 355.12 522.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 373.81 522.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.64 522.60 Td (data ) Tj ET Q q 0 0 0 rg BT 402.33 522.60 Td (corruption, ) Tj ET Q q 0 0 0 rg BT 448.53 522.60 Td (communication ) Tj ET Q q 0 0 0 rg BT 512.78 522.60 Td (interruption, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 510.60 Td (other ) Tj ET Q q 0 0 0 rg BT 83.38 510.60 Td (operational ) Tj ET Q q 0 0 0 rg BT 130.86 510.60 Td (disruptions ) Tj ET Q q 0 0 0 rg BT 177.81 510.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.08 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 203.91 510.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 235.86 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 246.69 510.60 Td (production ) Tj ET Q q 0 0 0 rg BT 292.51 510.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.45 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 121.27 486.60 Td (utilize ) Tj ET Q q 0 0 0 rg BT 148.43 486.60 Td (various ) Tj ET Q q 0 0 0 rg BT 180.04 486.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 226.07 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 242.68 486.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 277.07 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 287.01 486.60 Td (monitor ) Tj ET Q q 0 0 0 rg BT 320.84 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 337.45 486.60 Td (protect ) Tj ET Q q 0 0 0 rg BT 367.38 486.60 Td (against ) Tj ET Q q 0 0 0 rg BT 397.88 486.60 Td (these ) Tj ET Q q 0 0 0 rg BT 420.59 486.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 449.41 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 466.02 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.97 486.60 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 510.90 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 486.60 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.71 474.60 Td (such ) Tj ET Q q 0 0 0 rg BT 80.47 474.60 Td (threats, ) Tj ET Q q 0 0 0 rg BT 112.06 474.60 Td (there ) Tj ET Q q 0 0 0 rg BT 134.48 474.60 Td (can ) Tj ET Q q 0 0 0 rg BT 150.78 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 162.65 474.60 Td (no ) Tj ET Q q 0 0 0 rg BT 175.09 474.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 216.38 474.60 Td (that ) Tj ET Q q 0 0 0 rg BT 233.81 474.60 Td (these ) Tj ET Q q 0 0 0 rg BT 256.79 474.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 303.09 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.96 474.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 354.61 474.60 Td (will ) Tj ET Q q 0 0 0 rg BT 372.60 474.60 Td (be ) Tj ET Q q 0 0 0 rg BT 384.47 474.60 Td (suf) Tj ET Q q 0 0 0 rg BT 396.51 474.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 424.48 474.60 Td (in ) Tj ET Q q 0 0 0 rg BT 434.69 474.60 Td (preventing ) Tj ET Q q 0 0 0 rg BT 479.89 474.60 Td (security ) Tj ET Q q 0 0 0 rg BT 513.97 474.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 543.06 474.60 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (materializing ) Tj ET Q q 0 0 0 rg BT 104.29 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 120.77 462.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 153.35 462.60 Td (us ) Tj ET Q q 0 0 0 rg BT 164.28 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 174.10 462.60 Td (suf) Tj ET Q q 0 0 0 rg BT 186.14 462.60 Td (fer ) Tj ET Q q 0 0 0 rg BT 199.27 462.60 Td (such ) Tj ET Q q 0 0 0 rg BT 219.64 462.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 245.57 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 255.39 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 269.64 462.60 Td (future.) Tj ET Q q 0 0 0 rg BT 300.47 462.60 Td (As ) Tj ET Q q 0 0 0 rg BT 313.62 462.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 337.86 462.60 Td (threats ) Tj ET Q q 0 0 0 rg BT 366.56 462.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 403.03 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.84 462.60 Td (evolve, ) Tj ET Q q 0 0 0 rg BT 444.04 462.60 Td (we ) Tj ET Q q 0 0 0 rg BT 457.73 462.60 Td (may ) Tj ET Q q 0 0 0 rg BT 476.99 462.60 Td (be ) Tj ET Q q 0 0 0 rg BT 488.46 462.60 Td (required ) Tj ET Q q 0 0 0 rg BT 523.82 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 462.60 Td (expend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.02 450.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 136.31 450.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 176.38 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 186.46 450.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 223.20 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 233.29 450.60 Td (modify ) Tj ET Q q 0 0 0 rg BT 264.48 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 275.12 450.60 Td (enhance ) Tj ET Q q 0 0 0 rg BT 310.18 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.81 450.60 Td (procedures ) Tj ET Q q 0 0 0 rg BT 371.99 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.73 450.60 Td (controls ) Tj ET Q q 0 0 0 rg BT 423.25 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 433.89 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 443.98 450.60 Td (investigate ) Tj ET Q q 0 0 0 rg BT 489.60 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 506.35 450.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 548.07 450.60 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (cyber ) Tj ET Q q 0 0 0 rg BT 74.21 438.60 Td (vulnerabilities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 414.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.13 414.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 134.52 414.60 Td (development ) Tj ET Q q 0 0 0 rg BT 191.46 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.08 414.60 Td (pr) Tj ET Q q 0 0 0 rg BT 219.90 414.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 256.30 414.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 303.80 414.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 336.86 414.60 Td (various ) Tj ET Q q 0 0 0 rg BT 371.03 414.60 Td (risks.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.45 390.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 129.50 390.60 Td (are ) Tj ET Q q 0 0 0 rg BT 144.10 390.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 174.83 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 185.00 390.60 Td (all ) Tj ET Q q 0 0 0 rg BT 197.39 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 212.00 390.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 233.29 390.60 Td (normally ) Tj ET Q q 0 0 0 rg BT 271.79 390.60 Td (incident ) Tj ET Q q 0 0 0 rg BT 306.40 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.24 390.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 358.40 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 368.57 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 383.18 390.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 423.34 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 440.18 390.60 Td (development ) Tj ET Q q 0 0 0 rg BT 494.23 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.95 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.91 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 390.60 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.12 378.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 107.39 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.11 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 138.62 378.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 170.35 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.96 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 193.81 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.53 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 240.58 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 256.20 378.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 282.09 378.60 Td (including, ) Tj ET Q q 0 0 0 rg BT 324.65 378.60 Td (without ) Tj ET Q q 0 0 0 rg BT 357.50 378.60 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 401.17 378.60 Td (well ) Tj ET Q q 0 0 0 rg BT 420.67 378.60 Td (blowouts; ) Tj ET Q q 0 0 0 rg BT 462.41 378.60 Td (cratering ) Tj ET Q q 0 0 0 rg BT 500.23 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 516.95 378.60 Td (explosions; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (pipe ) Tj ET Q q 0 0 0 rg BT 69.76 366.60 Td (failure; ) Tj ET Q q 0 0 0 rg BT 101.68 366.60 Td (fires; ) Tj ET Q q 0 0 0 rg BT 125.27 366.60 Td (formations ) Tj ET Q q 0 0 0 rg BT 171.64 366.60 Td (with ) Tj ET Q q 0 0 0 rg BT 192.47 366.60 Td (abnormal ) Tj ET Q q 0 0 0 rg BT 233.28 366.60 Td (pressures; ) Tj ET Q q 0 0 0 rg BT 276.31 366.60 Td (uncontrollable ) Tj ET Q q 0 0 0 rg BT 337.12 366.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 362.39 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 373.76 366.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 389.87 366.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 420.67 366.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 439.55 366.60 Td (brine ) Tj ET Q q 0 0 0 rg BT 463.14 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 474.52 366.60 Td (well ) Tj ET Q q 0 0 0 rg BT 494.78 366.60 Td (fluids; ) Tj ET Q q 0 0 0 rg BT 523.38 366.60 Td (release ) Tj ET Q q 0 0 0 rg BT 554.18 366.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (contaminants ) Tj ET Q q 0 0 0 rg BT 105.85 354.60 Td (into ) Tj ET Q q 0 0 0 rg BT 124.43 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 139.68 354.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 193.25 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 210.72 354.60 Td (other ) Tj ET Q q 0 0 0 rg BT 234.29 354.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 295.08 354.60 Td (hazards ) Tj ET Q q 0 0 0 rg BT 328.65 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.11 354.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 370.54 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 373.56 354.60 Td (In ) Tj ET Q q 0 0 0 rg BT 384.92 354.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 423.23 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 439.58 354.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 484.27 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 499.50 354.60 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 545.31 354.60 Td (near ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (populated ) Tj ET Q q 0 0 0 rg BT 91.16 342.60 Td (commercial ) Tj ET Q q 0 0 0 rg BT 140.57 342.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.13 342.60 Td (residential ) Tj ET Q q 0 0 0 rg BT 195.00 342.60 Td (areas, ) Tj ET Q q 0 0 0 rg BT 220.26 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 246.92 342.60 Td (add ) Tj ET Q q 0 0 0 rg BT 263.58 342.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 305.79 342.60 Td (risks. ) Tj ET Q q 0 0 0 rg BT 329.40 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 331.46 342.60 Td (The ) Tj ET Q q 0 0 0 rg BT 349.23 342.60 Td (nature ) Tj ET Q q 0 0 0 rg BT 376.44 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 386.99 342.60 Td (these ) Tj ET Q q 0 0 0 rg BT 409.76 342.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 430.87 342.60 Td (is ) Tj ET Q q 0 0 0 rg BT 439.76 342.60 Td (such ) Tj ET Q q 0 0 0 rg BT 460.32 342.60 Td (that ) Tj ET Q q 0 0 0 rg BT 477.53 342.60 Td (some ) Tj ET Q q 0 0 0 rg BT 500.86 342.60 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 540.30 342.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (exceed ) Tj ET Q q 0 0 0 rg BT 81.18 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 98.44 330.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 140.68 330.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 169.60 330.60 Td (limits ) Tj ET Q q 0 0 0 rg BT 196.31 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 208.57 330.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 251.38 330.60 Td (be ) Tj ET Q q 0 0 0 rg BT 264.74 330.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 304.76 330.60 Td (from, ) Tj ET Q q 0 0 0 rg BT 330.63 330.60 Td (or ) Tj ET Q q 0 0 0 rg BT 342.89 330.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 375.14 330.60 Td (by) Tj ET Q q 0 0 0 rg BT 384.49 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 390.92 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 408.18 330.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 450.42 330.60 Td (coverage, ) Tj ET Q q 0 0 0 rg BT 492.93 330.60 Td (as ) Tj ET Q q 0 0 0 rg BT 505.19 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 516.89 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 533.04 330.60 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 330.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.76 318.60 Td (fines ) Tj ET Q q 0 0 0 rg BT 131.70 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 148.64 318.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 189.18 318.60 Td (for ) Tj ET Q q 0 0 0 rg BT 203.34 318.60 Td (example, ) Tj ET Q q 0 0 0 rg BT 242.21 318.60 Td (which ) Tj ET Q q 0 0 0 rg BT 269.15 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 283.86 318.60 Td (excluded ) Tj ET Q q 0 0 0 rg BT 322.45 318.60 Td (from ) Tj ET Q q 0 0 0 rg BT 344.39 318.60 Td (coverage ) Tj ET Q q 0 0 0 rg BT 382.97 318.60 Td (as ) Tj ET Q q 0 0 0 rg BT 393.80 318.60 Td (they ) Tj ET Q q 0 0 0 rg BT 413.52 318.60 Td (cannot ) Tj ET Q q 0 0 0 rg BT 442.67 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 454.61 318.60 Td (insured.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 294.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 294.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.29 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 108.22 294.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 131.47 294.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 176.40 294.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.11 294.60 Td (related ) Tj ET Q q 0 0 0 rg BT 229.02 294.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.51 294.60 Td (these ) Tj ET Q q 0 0 0 rg BT 262.77 294.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 284.37 294.60 Td (that ) Tj ET Q q 0 0 0 rg BT 302.08 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 327.01 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 348.60 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.75 294.60 Td (material ) Tj ET Q q 0 0 0 rg BT 391.22 294.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 424.47 294.60 Td (ef) Tj ET Q q 0 0 0 rg BT 432.05 294.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 449.75 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 462.46 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 478.50 294.60 Td (results ) Tj ET Q q 0 0 0 rg BT 507.32 294.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.36 294.60 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.15 282.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 125.60 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 141.71 282.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 161.15 282.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 187.54 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 189.22 282.60 Td (If ) Tj ET Q q 0 0 0 rg BT 197.55 282.60 Td (these ) Tj ET Q q 0 0 0 rg BT 219.77 282.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 241.44 282.60 Td (were ) Tj ET Q q 0 0 0 rg BT 262.54 282.60 Td (to ) Tj ET Q q 0 0 0 rg BT 271.99 282.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 306.42 282.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 355.76 282.60 Td (, ) Tj ET Q q 0 0 0 rg BT 359.93 282.60 Td (it ) Tj ET Q q 0 0 0 rg BT 367.16 282.60 Td (could ) Tj ET Q q 0 0 0 rg BT 391.05 282.60 Td (have ) Tj ET Q q 0 0 0 rg BT 411.60 282.60 Td (an ) Tj ET Q q 0 0 0 rg BT 422.71 282.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 454.92 282.60 Td (ef) Tj ET Q q 0 0 0 rg BT 462.51 282.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 479.17 282.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 500.84 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 514.73 282.60 Td (profitability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.94 270.60 Td (these ) Tj ET Q q 0 0 0 rg BT 82.59 270.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 130.89 270.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 180.79 270.60 Td (, ) Tj ET Q q 0 0 0 rg BT 185.39 270.60 Td (a ) Tj ET Q q 0 0 0 rg BT 191.94 270.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 222.93 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 233.37 270.60 Td (our ) Tj ET Q q 0 0 0 rg BT 248.80 270.60 Td (production ) Tj ET Q q 0 0 0 rg BT 294.23 270.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 332.44 270.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 368.43 270.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 382.32 269.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.57 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.68 270.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 428.67 270.60 Td (into ) Tj ET Q q 0 0 0 rg BT 446.33 270.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 470.65 270.60 Td (with ) Tj ET Q q 0 0 0 rg BT 490.54 270.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 513.75 270.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 548.07 270.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (abandoned ) Tj ET Q q 0 0 0 rg BT 96.04 258.60 Td (by ) Tj ET Q q 0 0 0 rg BT 109.27 258.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 131.94 258.60 Td (operators.However) Tj ET Q q 0 0 0 rg BT 212.90 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 218.63 258.60 Td (it ) Tj ET Q q 0 0 0 rg BT 227.41 258.60 Td (is ) Tj ET Q q 0 0 0 rg BT 237.31 258.60 Td (often ) Tj ET Q q 0 0 0 rg BT 261.09 258.60 Td (dif) Tj ET Q q 0 0 0 rg BT 272.02 258.60 Td (ficult ) Tj ET Q q 0 0 0 rg BT 296.35 258.60 Td (\(or ) Tj ET Q q 0 0 0 rg BT 311.24 258.60 Td (impracticable\) ) Tj ET Q q 0 0 0 rg BT 372.21 258.60 Td (to ) Tj ET Q q 0 0 0 rg BT 383.22 258.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 426.43 258.60 Td (whether ) Tj ET Q q 0 0 0 rg BT 461.86 258.60 Td (a ) Tj ET Q q 0 0 0 rg BT 469.53 258.60 Td (well ) Tj ET Q q 0 0 0 rg BT 489.98 258.60 Td (has ) Tj ET Q q 0 0 0 rg BT 506.54 258.60 Td (been ) Tj ET Q q 0 0 0 rg BT 528.64 258.60 Td (properly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.60 Td (plugged ) Tj ET Q q 0 0 0 rg BT 85.05 246.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 107.82 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 118.94 246.60 Td (commencing ) Tj ET Q q 0 0 0 rg BT 173.92 246.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 216.14 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.91 246.60 Td (pressuring ) Tj ET Q q 0 0 0 rg BT 278.90 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 294.45 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 308.34 246.60 Td (reservoirs. ) Tj ET Q q 0 0 0 rg BT 353.61 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 356.70 246.60 Td (W) Tj ET Q q 0 0 0 rg BT 365.34 246.60 Td (e ) Tj ET Q q 0 0 0 rg BT 373.11 246.60 Td (may ) Tj ET Q q 0 0 0 rg BT 393.66 246.60 Td (incur ) Tj ET Q q 0 0 0 rg BT 417.54 246.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 463.09 246.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 486.42 246.60 Td (in ) Tj ET Q q 0 0 0 rg BT 497.53 246.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.74 246.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 88.26 234.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 127.61 234.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 173.04 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 184.61 234.60 Td (prevent ) Tj ET Q q 0 0 0 rg BT 218.38 234.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 279.92 234.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 340.91 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 359.13 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 370.70 234.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 413.36 234.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 447.14 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 468.70 234.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 502.74 234.60 Td (state ) Tj ET Q q 0 0 0 rg BT 524.85 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 543.07 234.60 Td (local ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.86 222.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 129.76 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 140.47 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 155.61 222.60 Td (plugging ) Tj ET Q q 0 0 0 rg BT 194.09 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 211.45 222.60 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 261.03 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 272.29 222.60 Td (our ) Tj ET Q q 0 0 0 rg BT 288.54 222.60 Td (oil, ) Tj ET Q q 0 0 0 rg BT 304.52 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 335.21 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 351.47 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 368.83 222.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 382.72 221.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 385.97 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 388.90 222.60 Td (wells.In ) Tj ET Q q 0 0 0 rg BT 428.76 222.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 464.46 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 475.16 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 490.30 222.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 530.98 222.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 556.41 222.60 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 73.11 210.60 Td (have ) Tj ET Q q 0 0 0 rg BT 94.49 210.60 Td (not ) Tj ET Q q 0 0 0 rg BT 109.76 210.60 Td (been ) Tj ET Q q 0 0 0 rg BT 131.14 210.60 Td (properly ) Tj ET Q q 0 0 0 rg BT 167.52 210.60 Td (plugged, ) Tj ET Q q 0 0 0 rg BT 204.73 210.60 Td (modification ) Tj ET Q q 0 0 0 rg BT 258.33 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 268.61 210.60 Td (those ) Tj ET Q q 0 0 0 rg BT 292.22 210.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 315.83 210.60 Td (may ) Tj ET Q q 0 0 0 rg BT 335.54 210.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 359.70 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 375.53 210.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 419.69 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 436.62 210.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 465.77 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 481.60 210.60 Td (production.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.60 Td (Development ) Tj ET Q q 0 0 0 rg BT 123.08 186.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 160.90 186.60 Td (are ) Tj ET Q q 0 0 0 rg BT 174.82 186.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 204.85 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 214.35 186.60 Td (many ) Tj ET Q q 0 0 0 rg BT 238.28 186.60 Td (risks, ) Tj ET Q q 0 0 0 rg BT 261.38 186.60 Td (including ) Tj ET Q q 0 0 0 rg BT 300.87 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 314.80 186.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 331.51 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 348.22 186.60 Td (we ) Tj ET Q q 0 0 0 rg BT 361.59 186.60 Td (will ) Tj ET Q q 0 0 0 rg BT 378.86 186.60 Td (not ) Tj ET Q q 0 0 0 rg BT 393.35 186.60 Td (recover ) Tj ET Q q 0 0 0 rg BT 425.04 186.60 Td (all ) Tj ET Q q 0 0 0 rg BT 436.75 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 446.79 186.60 Td (any ) Tj ET Q q 0 0 0 rg BT 462.94 186.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 493.54 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 503.58 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 518.63 186.60 Td (investment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.80 174.60 Td (such ) Tj ET Q q 0 0 0 rg BT 80.66 174.60 Td (wells.Drilling ) Tj ET Q q 0 0 0 rg BT 143.46 174.60 Td (for ) Tj ET Q q 0 0 0 rg BT 157.64 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 170.72 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.68 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.97 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 233.83 174.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.57 174.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 286.09 174.60 Td (unprofitable ) Tj ET Q q 0 0 0 rg BT 337.48 174.60 Td (ef) Tj ET Q q 0 0 0 rg BT 345.07 174.60 Td (forts, ) Tj ET Q q 0 0 0 rg BT 368.43 174.60 Td (not ) Tj ET Q q 0 0 0 rg BT 383.73 174.60 Td (only ) Tj ET Q q 0 0 0 rg BT 404.03 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 425.99 174.60 Td (dry ) Tj ET Q q 0 0 0 rg BT 441.85 174.60 Td (wells, ) Tj ET Q q 0 0 0 rg BT 467.98 174.60 Td (but ) Tj ET Q q 0 0 0 rg BT 483.28 174.60 Td (also ) Tj ET Q q 0 0 0 rg BT 501.92 174.60 Td (from ) Tj ET Q q 0 0 0 rg BT 523.88 174.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 547.51 174.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (are ) Tj ET Q q 0 0 0 rg BT 64.03 162.60 Td (productive ) Tj ET Q q 0 0 0 rg BT 109.11 162.60 Td (but ) Tj ET Q q 0 0 0 rg BT 124.21 162.60 Td (do ) Tj ET Q q 0 0 0 rg BT 136.53 162.60 Td (not ) Tj ET Q q 0 0 0 rg BT 151.63 162.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 186.16 162.60 Td (suf) Tj ET Q q 0 0 0 rg BT 198.20 162.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 226.06 162.60 Td (net ) Tj ET Q q 0 0 0 rg BT 240.60 162.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 275.68 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 285.78 162.60 Td (return ) Tj ET Q q 0 0 0 rg BT 311.98 162.60 Td (a ) Tj ET Q q 0 0 0 rg BT 318.74 162.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 343.27 162.60 Td (after ) Tj ET Q q 0 0 0 rg BT 363.91 162.60 Td (deducting ) Tj ET Q q 0 0 0 rg BT 405.66 162.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 439.93 162.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 480.01 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.77 162.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.64 162.60 Td (costs.) Tj ET Q q 0 0 0 rg BT 546.96 162.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.53 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.78 150.60 Td (drilling, ) Tj ET Q q 0 0 0 rg BT 111.64 150.60 Td (completing ) Tj ET Q q 0 0 0 rg BT 158.55 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.91 150.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 214.60 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.96 150.60 Td (well ) Tj ET Q q 0 0 0 rg BT 240.09 150.60 Td (is ) Tj ET Q q 0 0 0 rg BT 248.68 150.60 Td (often ) Tj ET Q q 0 0 0 rg BT 271.15 150.60 Td (uncertain, ) Tj ET Q q 0 0 0 rg BT 312.77 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 329.13 150.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 347.16 150.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 376.29 150.60 Td (can ) Tj ET Q q 0 0 0 rg BT 392.09 150.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 432.32 150.60 Td (af) Tj ET Q q 0 0 0 rg BT 439.91 150.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 456.81 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 470.95 150.60 Td (economics ) Tj ET Q q 0 0 0 rg BT 515.64 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 525.89 150.60 Td (a ) Tj ET Q q 0 0 0 rg BT 532.25 150.60 Td (project. ) Tj ET Q q 0 0 0 rg BT 565.01 150.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (Further) Tj ET Q q 0 0 0 rg BT 78.54 138.60 Td (, ) Tj ET Q q 0 0 0 rg BT 83.54 138.60 Td (our ) Tj ET Q q 0 0 0 rg BT 99.37 138.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 131.31 138.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 175.47 138.60 Td (may ) Tj ET Q q 0 0 0 rg BT 195.18 138.60 Td (be ) Tj ET Q q 0 0 0 rg BT 207.12 138.60 Td (curtailed, ) Tj ET Q q 0 0 0 rg BT 247.10 138.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 280.70 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 291.53 138.60 Td (canceled ) Tj ET Q q 0 0 0 rg BT 329.00 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 339.83 138.60 Td (a ) Tj ET Q q 0 0 0 rg BT 346.77 138.60 Td (result ) Tj ET Q q 0 0 0 rg BT 371.48 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 382.31 138.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 424.25 138.60 Td (factors, ) Tj ET Q q 0 0 0 rg BT 456.46 138.60 Td (including:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 114.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 114.60 Td (unexpected ) Tj ET Q q 0 0 0 rg BT 133.53 114.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 165.48 114.60 Td (conditions;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 102.60 Td (title ) Tj ET Q q 0 0 0 rg BT 103.55 102.60 Td (problems;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 90.60 Td (pressure ) Tj ET Q q 0 0 0 rg BT 121.32 90.60 Td (or ) Tj ET Q q 0 0 0 rg BT 132.15 90.60 Td (irregularities ) Tj ET Q q 0 0 0 rg BT 185.74 90.60 Td (in ) Tj ET Q q 0 0 0 rg BT 196.02 90.60 Td (formations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 78.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 78.60 Td (equipment ) Tj ET Q q 0 0 0 rg BT 130.21 78.60 Td (failures ) Tj ET Q q 0 0 0 rg BT 162.70 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 173.53 78.60 Td (accidents;) Tj ET Q endstream endobj 55 0 obj <> endobj 56 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 726.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.40 726.60 Td (weather ) Tj ET Q q 0 0 0 rg BT 152.41 726.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 198.94 726.60 Td (including ) Tj ET Q q 0 0 0 rg BT 239.08 726.60 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 283.10 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 299.90 726.60 Td (tropical ) Tj ET Q q 0 0 0 rg BT 332.81 726.60 Td (storms ) Tj ET Q q 0 0 0 rg BT 361.84 726.60 Td (in ) Tj ET Q q 0 0 0 rg BT 371.99 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.79 726.60 Td (around ) Tj ET Q q 0 0 0 rg BT 418.93 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 433.51 726.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 454.20 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 464.90 726.60 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 497.81 726.60 Td (that ) Tj ET Q q 0 0 0 rg BT 515.17 726.60 Td (can ) Tj ET Q q 0 0 0 rg BT 531.42 726.60 Td (damage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 99.09 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 116.56 714.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 147.36 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.73 714.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 201.19 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 218.66 714.60 Td (delivery ) Tj ET Q q 0 0 0 rg BT 254.46 714.60 Td (systems ) Tj ET Q q 0 0 0 rg BT 289.17 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 306.64 714.60 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 337.45 714.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 384.64 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 402.12 714.60 Td (winter ) Tj ET Q q 0 0 0 rg BT 430.70 714.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 475.40 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 492.87 714.60 Td (forest ) Tj ET Q q 0 0 0 rg BT 518.67 714.60 Td (fires ) Tj ET Q q 0 0 0 rg BT 539.48 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 714.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 702.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 114.11 702.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 155.50 702.60 Td (region ) Tj ET Q q 0 0 0 rg BT 183.54 702.60 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 702.60 Td (can ) Tj ET Q q 0 0 0 rg BT 217.41 702.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 241.57 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 252.40 702.60 Td (impede ) Tj ET Q q 0 0 0 rg BT 284.33 702.60 Td (operations;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 690.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 690.60 Td (compliance ) Tj ET Q q 0 0 0 rg BT 134.09 690.60 Td (with ) Tj ET Q q 0 0 0 rg BT 154.37 690.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 214.63 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.56 690.60 Td (other ) Tj ET Q q 0 0 0 rg BT 254.61 690.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 312.09 690.60 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 369.57 690.60 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.22 678.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 118.83 678.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 132.16 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 142.99 678.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 183.25 678.60 Td (or ) Tj ET Q q 0 0 0 rg BT 194.08 678.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 222.13 678.60 Td (in ) Tj ET Q q 0 0 0 rg BT 232.41 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 247.13 678.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 294.61 678.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 307.94 678.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 339.88 678.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 359.88 678.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 407.10 678.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 445.70 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 678.60 Td (services.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 98.67 654.60 Td (our) Tj ET Q q 0 0 0 rg BT 113.49 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.99 654.60 Td (r) Tj ET Q q 0 0 0 rg BT 120.25 654.60 Td (eserves, ) Tj ET Q q 0 0 0 rg BT 155.78 654.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.60 654.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 205.33 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 223.96 654.60 Td (futur) Tj ET Q q 0 0 0 rg BT 246.00 654.60 Td (e ) Tj ET Q q 0 0 0 rg BT 252.94 654.60 Td (net ) Tj ET Q q 0 0 0 rg BT 268.77 654.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 290.16 654.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 314.88 654.60 Td (is ) Tj ET Q q 0 0 0 rg BT 324.05 654.60 Td (difficult ) Tj ET Q q 0 0 0 rg BT 360.44 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 371.27 654.60 Td (do ) Tj ET Q q 0 0 0 rg BT 384.33 654.60 Td (with ) Tj ET Q q 0 0 0 rg BT 405.72 654.60 Td (any ) Tj ET Q q 0 0 0 rg BT 423.78 654.60 Td (certainty) Tj ET Q q 0 0 0 rg BT 461.55 654.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.60 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 114.23 630.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 156.50 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 168.23 630.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 199.39 630.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 213.34 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 231.18 630.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 262.33 630.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 279.06 630.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 315.21 630.60 Td (is ) Tj ET Q q 0 0 0 rg BT 325.28 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.11 630.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 370.94 630.60 Td (process.It ) Tj ET Q q 0 0 0 rg BT 417.93 630.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 453.54 630.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 514.69 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 526.42 630.60 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.95 618.60 Td (data ) Tj ET Q q 0 0 0 rg BT 108.96 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 126.75 618.60 Td (various ) Tj ET Q q 0 0 0 rg BT 159.55 618.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 214.85 618.60 Td (including ) Tj ET Q q 0 0 0 rg BT 255.98 618.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 308.79 618.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 342.69 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 353.82 618.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 396.05 618.60 Td (factors ) Tj ET Q q 0 0 0 rg BT 426.62 618.60 Td (such ) Tj ET Q q 0 0 0 rg BT 448.30 618.60 Td (as ) Tj ET Q q 0 0 0 rg BT 459.99 618.60 Td (future ) Tj ET Q q 0 0 0 rg BT 487.22 618.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 536.13 618.60 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 95.82 606.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 121.31 606.60 Td (severance ) Tj ET Q q 0 0 0 rg BT 163.72 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.15 606.60 Td (excise ) Tj ET Q q 0 0 0 rg BT 209.13 606.60 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 235.17 606.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 264.81 606.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 318.90 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 336.33 606.60 Td (workover ) Tj ET Q q 0 0 0 rg BT 377.64 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.08 606.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 433.05 606.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 458.54 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 475.97 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.18 606.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 528.62 606.60 Td (ef) Tj ET Q q 0 0 0 rg BT 536.20 606.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 554.18 606.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (governmental ) Tj ET Q q 0 0 0 rg BT 108.43 594.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 131.81 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 150.20 594.60 Td (regulations.) Tj ET Q q 0 0 0 rg BT 201.95 594.60 Td (There ) Tj ET Q q 0 0 0 rg BT 229.21 594.60 Td (are ) Tj ET Q q 0 0 0 rg BT 245.36 594.60 Td (numerous ) Tj ET Q q 0 0 0 rg BT 288.75 594.60 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 343.78 594.60 Td (about ) Tj ET Q q 0 0 0 rg BT 369.95 594.60 Td (when ) Tj ET Q q 0 0 0 rg BT 395.55 594.60 Td (a ) Tj ET Q q 0 0 0 rg BT 403.94 594.60 Td (property ) Tj ET Q q 0 0 0 rg BT 441.76 594.60 Td (may ) Tj ET Q q 0 0 0 rg BT 462.92 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 485.75 594.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 517.46 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.17 594.60 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (compared ) Tj ET Q q 0 0 0 rg BT 91.03 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.92 582.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 138.02 582.60 Td (or ) Tj ET Q q 0 0 0 rg BT 148.46 582.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 185.55 582.60 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 222.92 582.60 Td (particularly ) Tj ET Q q 0 0 0 rg BT 271.12 582.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 303.77 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 313.66 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 329.10 582.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 360.08 582.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 397.17 582.60 Td (operations.Forecasting ) Tj ET Q q 0 0 0 rg BT 495.09 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 509.41 582.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 541.52 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 551.96 582.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.77 570.60 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 133.91 570.60 Td (from ) Tj ET Q q 0 0 0 rg BT 155.86 570.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 187.24 570.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 233.90 570.60 Td (and ) Tj ET Q q 0 0 0 rg BT 250.85 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 265.58 570.60 Td (production ) Tj ET Q q 0 0 0 rg BT 311.41 570.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 332.80 570.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 379.18 570.60 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 423.61 570.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 458.33 570.60 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 500.55 570.60 Td (one ) Tj ET Q q 0 0 0 rg BT 517.50 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 528.34 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 570.60 Td (most ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.03 558.60 Td (being ) Tj ET Q q 0 0 0 rg BT 118.56 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 133.09 558.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 145.96 558.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 183.25 558.60 Td (factor) Tj ET Q q 0 0 0 rg BT 206.01 558.60 Td (.) Tj ET Q q 0 0 0 rg BT 212.96 558.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 241.93 558.60 Td (results ) Tj ET Q q 0 0 0 rg BT 270.35 558.60 Td (most ) Tj ET Q q 0 0 0 rg BT 292.11 558.60 Td (likely ) Tj ET Q q 0 0 0 rg BT 317.20 558.60 Td (will ) Tj ET Q q 0 0 0 rg BT 335.07 558.60 Td (vary ) Tj ET Q q 0 0 0 rg BT 355.15 558.60 Td (from ) Tj ET Q q 0 0 0 rg BT 376.90 558.60 Td (our ) Tj ET Q q 0 0 0 rg BT 392.54 558.60 Td (estimates.) Tj ET Q q 0 0 0 rg BT 436.70 558.60 Td (Also, ) Tj ET Q q 0 0 0 rg BT 460.41 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 474.94 558.60 Td (use ) Tj ET Q q 0 0 0 rg BT 490.58 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 501.23 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 507.98 558.60 Td (10% ) Tj ET Q q 0 0 0 rg BT 528.62 558.60 Td (discount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (factor ) Tj ET Q q 0 0 0 rg BT 75.07 546.60 Td (for ) Tj ET Q q 0 0 0 rg BT 88.98 546.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 127.88 546.60 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 168.19 546.60 Td (as ) Tj ET Q q 0 0 0 rg BT 178.77 546.60 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 222.66 546.60 Td (by ) Tj ET Q q 0 0 0 rg BT 234.92 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 249.38 546.60 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 272.47 546.60 Td (may ) Tj ET Q q 0 0 0 rg BT 291.94 546.60 Td (not ) Tj ET Q q 0 0 0 rg BT 306.97 546.60 Td (necessarily ) Tj ET Q q 0 0 0 rg BT 353.65 546.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 392.54 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 407.01 546.60 Td (most ) Tj ET Q q 0 0 0 rg BT 428.71 546.60 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 476.49 546.60 Td (discount ) Tj ET Q q 0 0 0 rg BT 512.63 546.60 Td (factor) Tj ET Q q 0 0 0 rg BT 535.54 546.60 Td (, ) Tj ET Q q 0 0 0 rg BT 540.30 546.60 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 76.04 534.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 108.15 534.60 Td (rates ) Tj ET Q q 0 0 0 rg BT 129.70 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 146.80 534.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 168.37 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 178.82 534.60 Td (which ) Tj ET Q q 0 0 0 rg BT 205.93 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 221.93 534.60 Td (business, ) Tj ET Q q 0 0 0 rg BT 260.99 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 278.10 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.99 534.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 306.21 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 534.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.76 534.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.76 534.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 405.21 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 415.66 534.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 450.25 534.60 Td (are ) Tj ET Q q 0 0 0 rg BT 465.13 534.60 Td (subject.) Tj ET Q q 0 0 0 rg BT 500.40 534.60 Td (Any ) Tj ET Q q 0 0 0 rg BT 520.30 534.60 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (inaccuracies ) Tj ET Q q 0 0 0 rg BT 101.50 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.87 522.60 Td (these ) Tj ET Q q 0 0 0 rg BT 135.01 522.60 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 195.36 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 206.28 522.60 Td (assumptions, ) Tj ET Q q 0 0 0 rg BT 260.82 522.60 Td (or ) Tj ET Q q 0 0 0 rg BT 271.74 522.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 306.54 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 317.46 522.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 364.22 522.60 Td (could ) Tj ET Q q 0 0 0 rg BT 389.03 522.60 Td (result ) Tj ET Q q 0 0 0 rg BT 413.84 522.60 Td (in ) Tj ET Q q 0 0 0 rg BT 424.21 522.60 Td (a ) Tj ET Q q 0 0 0 rg BT 431.24 522.60 Td (revision ) Tj ET Q q 0 0 0 rg BT 466.05 522.60 Td (of ) Tj ET Q q 0 0 0 rg BT 476.97 522.60 Td (the ) Tj ET Q q 0 0 0 rg BT 491.78 522.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 533.25 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 522.60 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (present ) Tj ET Q q 0 0 0 rg BT 80.88 510.60 Td (value ) Tj ET Q q 0 0 0 rg BT 105.03 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 115.86 510.60 Td (our ) Tj ET Q q 0 0 0 rg BT 131.69 510.60 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.79 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.28 486.60 Td (data ) Tj ET Q q 0 0 0 rg BT 140.68 486.60 Td (included ) Tj ET Q q 0 0 0 rg BT 177.85 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 188.37 486.60 Td (documents ) Tj ET Q q 0 0 0 rg BT 234.43 486.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 287.71 486.60 Td (by ) Tj ET Q q 0 0 0 rg BT 300.44 486.60 Td (reference ) Tj ET Q q 0 0 0 rg BT 340.37 486.60 Td (represent ) Tj ET Q q 0 0 0 rg BT 379.75 486.60 Td (estimates ) Tj ET Q q 0 0 0 rg BT 419.70 486.60 Td (only) Tj ET Q q 0 0 0 rg BT 436.83 486.60 Td (.Quantities ) Tj ET Q q 0 0 0 rg BT 488.17 486.60 Td (of ) Tj ET Q q 0 0 0 rg BT 499.24 486.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 486.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 63.90 474.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 104.42 474.60 Td (based ) Tj ET Q q 0 0 0 rg BT 129.38 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 141.58 474.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 182.64 474.60 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 229.00 474.60 Td (including ) Tj ET Q q 0 0 0 rg BT 268.97 474.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 361.14 474.60 Td (average ) Tj ET Q q 0 0 0 rg BT 394.41 474.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 407.17 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 423.80 474.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 453.76 474.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.28 474.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 495.35 474.60 Td (for ) Tj ET Q q 0 0 0 rg BT 509.21 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 474.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (period ) Tj ET Q q 0 0 0 rg BT 77.88 462.60 Td (preceding ) Tj ET Q q 0 0 0 rg BT 120.13 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.17 462.60 Td (date ) Tj ET Q q 0 0 0 rg BT 154.66 462.60 Td (of ) Tj ET Q q 0 0 0 rg BT 165.82 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 180.86 462.60 Td (assessment.) Tj ET Q q 0 0 0 rg BT 232.62 462.60 Td (The ) Tj ET Q q 0 0 0 rg BT 250.99 462.60 Td (representative ) Tj ET Q q 0 0 0 rg BT 309.90 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 323.29 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.55 462.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 371.15 462.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.31 462.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 414.01 462.60 Td (used ) Tj ET Q q 0 0 0 rg BT 435.17 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 445.78 462.60 Td (estimating ) Tj ET Q q 0 0 0 rg BT 490.27 462.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 462.60 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 72.31 450.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 107.87 450.60 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.11 450.60 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.61 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.42 450.60 Td (per ) Tj ET Q q 0 0 0 rg BT 175.99 450.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 193.25 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 207.72 450.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 232.73 450.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 246.10 450.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.34 450.60 Td ($2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.84 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 288.65 450.60 Td (per ) Tj ET Q q 0 0 0 rg BT 304.23 450.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 339.27 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 353.73 450.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 384.30 450.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 402.94 450.60 Td (both ) Tj ET Q q 0 0 0 rg BT 423.53 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.67 450.60 Td (which ) Tj ET Q q 0 0 0 rg BT 461.91 450.60 Td (were ) Tj ET Q q 0 0 0 rg BT 484.15 450.60 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 520.28 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 534.75 450.60 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 438.60 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 100.21 438.60 Td (by ) Tj ET Q q 0 0 0 rg BT 112.79 438.60 Td (field. ) Tj ET Q q 0 0 0 rg BT 136.20 438.60 Td ( ) Tj ET Q q 0 0 0 rg BT 138.78 438.60 Td (Rapid ) Tj ET Q q 0 0 0 rg BT 165.24 438.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 190.03 438.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 203.17 438.60 Td (price ) Tj ET Q q 0 0 0 rg BT 225.74 438.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 261.08 438.60 Td (beginning ) Tj ET Q q 0 0 0 rg BT 303.66 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 314.01 438.60 Td (late ) Tj ET Q q 0 0 0 rg BT 331.03 438.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 353.61 438.60 Td (have ) Tj ET Q q 0 0 0 rg BT 375.07 438.60 Td (resulted ) Tj ET Q q 0 0 0 rg BT 409.30 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.66 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 426.68 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 471.47 438.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 508.47 438.60 Td (in ) Tj ET Q q 0 0 0 rg BT 518.83 438.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.74 438.60 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 80.91 426.60 Td (value, ) Tj ET Q q 0 0 0 rg BT 107.62 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 124.60 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 134.92 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 141.91 426.60 Td (lesser ) Tj ET Q q 0 0 0 rg BT 167.22 426.60 Td (degree, ) Tj ET Q q 0 0 0 rg BT 198.92 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 205.90 426.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 246.21 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 256.54 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 272.41 426.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.73 426.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 334.14 426.60 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 373.07 426.60 Td (which ) Tj ET Q q 0 0 0 rg BT 400.06 426.60 Td (has ) Tj ET Q q 0 0 0 rg BT 415.94 426.60 Td (caused ) Tj ET Q q 0 0 0 rg BT 445.69 426.60 Td (us ) Tj ET Q q 0 0 0 rg BT 457.13 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 467.45 426.60 Td (record ) Tj ET Q q 0 0 0 rg BT 495.54 426.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 548.07 426.60 Td (due ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 60.19 414.60 Td (the ) Tj ET Q q 0 0 0 rg BT 75.33 414.60 Td (full ) Tj ET Q q 0 0 0 rg BT 92.13 414.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 111.15 414.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 141.28 414.60 Td (test ) Tj ET Q q 0 0 0 rg BT 158.08 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 168.77 414.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 191.69 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.04 414.60 Td (2016. ) Tj ET Q q 0 0 0 rg BT 234.46 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 236.73 414.60 Td (As ) Tj ET Q q 0 0 0 rg BT 250.76 414.60 Td (discussed ) Tj ET Q q 0 0 0 rg BT 292.00 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 302.69 414.60 Td (greater ) Tj ET Q q 0 0 0 rg BT 333.36 414.60 Td (detail ) Tj ET Q q 0 0 0 rg BT 358.49 414.60 Td (below) Tj ET Q q 0 0 0 rg BT 382.28 414.60 Td (, ) Tj ET Q q 0 0 0 rg BT 387.69 414.60 Td (further ) Tj ET Q q 0 0 0 rg BT 417.82 414.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 453.50 414.60 Td (in ) Tj ET Q q 0 0 0 rg BT 464.19 414.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 477.66 414.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 504.45 414.60 Td (could ) Tj ET Q q 0 0 0 rg BT 529.58 414.60 Td (result ) Tj ET Q q 0 0 0 rg BT 554.72 414.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.03 402.60 Td (write-downs. ) Tj ET Q q 0 0 0 rg BT 145.06 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 146.60 402.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 163.69 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 197.99 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 213.97 402.60 Td (future ) Tj ET Q q 0 0 0 rg BT 239.38 402.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 258.69 402.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 282.45 402.60 Td (may ) Tj ET Q q 0 0 0 rg BT 301.21 402.60 Td (be ) Tj ET Q q 0 0 0 rg BT 312.19 402.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 342.05 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 351.37 402.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 389.02 402.60 Td (based ) Tj ET Q q 0 0 0 rg BT 413.33 402.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 434.87 402.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 468.61 402.60 Td (in ) Tj ET Q q 0 0 0 rg BT 477.93 402.60 Td (economic ) Tj ET Q q 0 0 0 rg BT 518.34 402.60 Td (conditions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (including ) Tj ET Q q 0 0 0 rg BT 89.30 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.88 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 118.34 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 148.12 390.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 163.48 390.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 191.88 390.60 Td (as ) Tj ET Q q 0 0 0 rg BT 202.23 390.60 Td (well ) Tj ET Q q 0 0 0 rg BT 221.47 390.60 Td (as ) Tj ET Q q 0 0 0 rg BT 231.82 390.60 Td (due ) Tj ET Q q 0 0 0 rg BT 248.28 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 258.09 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 303.43 390.60 Td (results, ) Tj ET Q q 0 0 0 rg BT 334.06 390.60 Td (results ) Tj ET Q q 0 0 0 rg BT 362.20 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 372.55 390.60 Td (future ) Tj ET Q q 0 0 0 rg BT 398.45 390.60 Td (development, ) Tj ET Q q 0 0 0 rg BT 454.62 390.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 494.41 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.87 390.60 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 73.88 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 90.21 378.60 Td (other ) Tj ET Q q 0 0 0 rg BT 112.64 378.60 Td (factors.Downward ) Tj ET Q q 0 0 0 rg BT 193.67 378.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 231.66 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 241.87 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 257.09 378.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.73 378.60 Td (could ) Tj ET Q q 0 0 0 rg BT 315.83 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 336.59 378.60 Td (an ) Tj ET Q q 0 0 0 rg BT 347.92 378.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 380.34 378.60 Td (ef) Tj ET Q q 0 0 0 rg BT 387.93 378.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 404.80 378.60 Td (on ) Tj ET Q q 0 0 0 rg BT 416.68 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 431.90 378.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 468.76 378.60 Td (condition ) Tj ET Q q 0 0 0 rg BT 508.42 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 378.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (results.) Tj ET Q q 0 0 0 rg BT 82.56 366.60 Td (Actual ) Tj ET Q q 0 0 0 rg BT 111.71 366.60 Td (future ) Tj ET Q q 0 0 0 rg BT 138.09 366.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 164.47 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 181.40 366.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 203.90 366.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.62 366.60 Td (be ) Tj ET Q q 0 0 0 rg BT 235.56 366.60 Td (materially ) Tj ET Q q 0 0 0 rg BT 278.60 366.60 Td (higher ) Tj ET Q q 0 0 0 rg BT 306.64 366.60 Td (or ) Tj ET Q q 0 0 0 rg BT 317.47 366.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 342.74 366.60 Td (than ) Tj ET Q q 0 0 0 rg BT 362.46 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 377.18 366.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 403.55 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.49 366.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 442.99 366.60 Td (used ) Tj ET Q q 0 0 0 rg BT 463.82 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 474.10 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 489.93 366.60 Td (estimates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 342.60 Td (As ) Tj ET Q q 0 0 0 rg BT 80.37 342.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.46 342.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 148.31 342.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.31 342.60 Td (, ) Tj ET Q q 0 0 0 rg BT 172.56 342.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.08 342.60 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.41 342.60 Td ( ) Tj ET Q q 0 0 0 rg BT 252.17 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 262.26 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.35 342.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 317.43 342.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.96 342.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 381.48 342.60 Td (were ) Tj ET Q q 0 0 0 rg BT 402.66 342.60 Td (undeveloped.Recovery ) Tj ET Q q 0 0 0 rg BT 501.33 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 511.42 342.60 Td (undeveloped ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.78 330.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 119.51 330.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 164.24 330.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 193.42 330.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 247.03 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 263.99 330.60 Td (may ) Tj ET Q q 0 0 0 rg BT 283.73 330.60 Td (require ) Tj ET Q q 0 0 0 rg BT 314.57 330.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 358.19 330.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 390.15 330.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 439.13 330.60 Td (The ) Tj ET Q q 0 0 0 rg BT 457.20 330.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 492.48 330.60 Td (data ) Tj ET Q q 0 0 0 rg BT 511.66 330.60 Td (assumes ) Tj ET Q q 0 0 0 rg BT 547.51 330.60 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.78 318.60 Td (can ) Tj ET Q q 0 0 0 rg BT 80.28 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 97.33 318.60 Td (will ) Tj ET Q q 0 0 0 rg BT 115.51 318.60 Td (make ) Tj ET Q q 0 0 0 rg BT 139.79 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 162.95 318.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.67 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 233.72 318.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 268.00 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 291.17 318.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 335.44 318.60 Td (successfully) Tj ET Q q 0 0 0 rg BT 383.67 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 388.79 318.60 Td (but ) Tj ET Q q 0 0 0 rg BT 404.19 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 427.35 318.60 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 479.42 318.60 Td (may ) Tj ET Q q 0 0 0 rg BT 499.26 318.60 Td (not ) Tj ET Q q 0 0 0 rg BT 514.65 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 526.71 318.60 Td (accurate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 89.49 306.60 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 143.08 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 160.02 306.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 204.17 306.60 Td (may ) Tj ET Q q 0 0 0 rg BT 223.89 306.60 Td (not ) Tj ET Q q 0 0 0 rg BT 239.17 306.60 Td (occur) Tj ET Q q 0 0 0 rg BT 260.82 306.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.81 282.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 106.99 282.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 142.46 282.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 190.18 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 209.02 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 225.07 282.60 Td (r) Tj ET Q q 0 0 0 rg BT 229.32 282.60 Td (elated ) Tj ET Q q 0 0 0 rg BT 257.59 282.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 313.63 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 324.68 282.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 368.49 282.60 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 383.49 281.17 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.74 282.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.46 282.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 429.96 282.60 Td (could ) Tj ET Q q 0 0 0 rg BT 456.02 282.60 Td (be ) Tj ET Q q 0 0 0 rg BT 468.74 282.60 Td (delayed ) Tj ET Q q 0 0 0 rg BT 504.23 282.60 Td (by ) Tj ET Q q 0 0 0 rg BT 517.51 282.60 Td (difficulties ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.34 270.60 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 103.41 270.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 139.81 270.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 199.52 270.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 227.68 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 230.18 270.60 Td (permits, ) Tj ET Q q 0 0 0 rg BT 267.95 270.60 Td (and/or) Tj ET Q q 0 0 0 rg BT 296.11 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.61 270.60 Td (by ) Tj ET Q q 0 0 0 rg BT 311.67 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 327.50 270.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 356.12 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 366.95 270.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 399.43 270.60 Td (species ) Tj ET Q q 0 0 0 rg BT 431.37 270.60 Td (as ) Tj ET Q q 0 0 0 rg BT 442.76 270.60 Td (thr) Tj ET Q q 0 0 0 rg BT 455.91 270.60 Td (eatened ) Tj ET Q q 0 0 0 rg BT 491.18 270.60 Td (or) Tj ET Q q 0 0 0 rg BT 500.44 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 502.94 270.60 Td (endanger) Tj ET Q q 0 0 0 rg BT 542.76 270.60 Td (ed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.96 246.60 Td (production ) Tj ET Q q 0 0 0 rg BT 132.19 246.60 Td (of ) Tj ET Q q 0 0 0 rg BT 143.43 246.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.55 246.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 182.01 246.60 Td (from ) Tj ET Q q 0 0 0 rg BT 204.36 246.60 Td (our ) Tj ET Q q 0 0 0 rg BT 220.60 246.60 Td (planned ) Tj ET Q q 0 0 0 rg BT 255.16 246.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 286.94 246.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 331.51 246.60 Td (is ) Tj ET Q q 0 0 0 rg BT 341.09 246.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 385.09 246.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 408.00 246.60 Td (having ) Tj ET Q q 0 0 0 rg BT 438.13 246.60 Td (access ) Tj ET Q q 0 0 0 rg BT 466.57 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 477.26 246.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 516.27 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 526.96 246.60 Td (transport ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.68 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 102.58 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.83 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 108.92 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 119.80 234.60 Td (our ) Tj ET Q q 0 0 0 rg BT 136.22 234.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 149.87 234.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 175.19 234.60 Td (at ) Tj ET Q q 0 0 0 rg BT 185.50 234.60 Td (a ) Tj ET Q q 0 0 0 rg BT 193.03 234.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 212.24 234.60 Td (that ) Tj ET Q q 0 0 0 rg BT 230.33 234.60 Td (is ) Tj ET Q q 0 0 0 rg BT 240.09 234.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 297.06 234.60 Td (viable.Our ) Tj ET Q q 0 0 0 rg BT 347.64 234.60 Td (current ) Tj ET Q q 0 0 0 rg BT 379.05 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.58 234.60 Td (future ) Tj ET Q q 0 0 0 rg BT 423.56 234.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 476.08 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 487.51 234.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 501.40 233.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.65 234.60 Td ( ) Tj ET Q q 0 0 0 rg BT 507.75 234.60 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 546.95 234.60 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (require ) Tj ET Q q 0 0 0 rg BT 80.86 222.60 Td (us ) Tj ET Q q 0 0 0 rg BT 92.80 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 103.63 222.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 131.67 222.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 189.14 222.60 Td (from ) Tj ET Q q 0 0 0 rg BT 211.63 222.60 Td (private ) Tj ET Q q 0 0 0 rg BT 242.44 222.60 Td (landowners, ) Tj ET Q q 0 0 0 rg BT 294.08 222.60 Td (state ) Tj ET Q q 0 0 0 rg BT 315.46 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.94 222.60 Td (local ) Tj ET Q q 0 0 0 rg BT 355.42 222.60 Td (governments ) Tj ET Q q 0 0 0 rg BT 410.13 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 427.61 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 442.87 222.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 473.67 222.60 Td (government ) Tj ET Q q 0 0 0 rg BT 524.49 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 535.31 222.60 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (areas.Certain ) Tj ET Q q 0 0 0 rg BT 109.17 210.60 Td (states ) Tj ET Q q 0 0 0 rg BT 133.59 210.60 Td (where ) Tj ET Q q 0 0 0 rg BT 160.22 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 174.08 210.60 Td (operate ) Tj ET Q q 0 0 0 rg BT 205.70 210.60 Td (have ) Tj ET Q q 0 0 0 rg BT 226.78 210.60 Td (considered ) Tj ET Q q 0 0 0 rg BT 272.29 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 282.82 210.60 Td (may ) Tj ET Q q 0 0 0 rg BT 302.24 210.60 Td (again ) Tj ET Q q 0 0 0 rg BT 326.09 210.60 Td (consider ) Tj ET Q q 0 0 0 rg BT 362.17 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 376.58 210.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 413.78 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 424.31 210.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 444.84 210.60 Td (or ) Tj ET Q q 0 0 0 rg BT 455.37 210.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 502.00 210.60 Td (that ) Tj ET Q q 0 0 0 rg BT 519.20 210.60 Td (could ) Tj ET Q q 0 0 0 rg BT 543.61 210.60 Td (limit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.69 198.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 98.75 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 112.83 198.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 140.24 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 150.43 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 156.72 198.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 190.79 198.60 Td (owner ) Tj ET Q q 0 0 0 rg BT 217.64 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.83 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 238.02 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 244.31 198.60 Td (state, ) Tj ET Q q 0 0 0 rg BT 267.00 198.60 Td (state) Tj ET Q q 0 0 0 rg BT 288.10 198.60 Td (s ) Tj ET Q q 0 0 0 rg BT 293.85 198.60 Td (legislature ) Tj ET Q q 0 0 0 rg BT 337.36 198.60 Td (or ) Tj ET Q q 0 0 0 rg BT 347.54 198.60 Td (its ) Tj ET Q q 0 0 0 rg BT 358.85 198.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 417.92 198.60 Td (agencies ) Tj ET Q q 0 0 0 rg BT 454.20 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 463.83 198.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 498.45 198.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 532.52 198.60 Td (domain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (over ) Tj ET Q q 0 0 0 rg BT 70.18 186.60 Td (private ) Tj ET Q q 0 0 0 rg BT 100.85 186.60 Td (property) Tj ET Q q 0 0 0 rg BT 134.08 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 139.49 186.60 Td (in ) Tj ET Q q 0 0 0 rg BT 150.18 186.60 Td (addition ) Tj ET Q q 0 0 0 rg BT 185.86 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 196.55 186.60 Td (possible ) Tj ET Q q 0 0 0 rg BT 232.24 186.60 Td (judicially ) Tj ET Q q 0 0 0 rg BT 272.92 186.60 Td (imposed ) Tj ET Q q 0 0 0 rg BT 309.71 186.60 Td (constraints ) Tj ET Q q 0 0 0 rg BT 355.95 186.60 Td (on, ) Tj ET Q q 0 0 0 rg BT 371.36 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.71 186.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 431.61 186.60 Td (requirements ) Tj ET Q q 0 0 0 rg BT 486.72 186.60 Td (for) Tj ET Q q 0 0 0 rg BT 497.98 186.60 Td (, ) Tj ET Q q 0 0 0 rg BT 503.39 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 518.52 186.60 Td (exercise ) Tj ET Q q 0 0 0 rg BT 554.18 186.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 84.64 174.60 Td (domain.) Tj ET Q q 0 0 0 rg BT 121.95 174.60 Td (W) Tj ET Q q 0 0 0 rg BT 130.59 174.60 Td (e ) Tj ET Q q 0 0 0 rg BT 137.95 174.60 Td (also ) Tj ET Q q 0 0 0 rg BT 156.98 174.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 191.56 174.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 236.14 174.60 Td (on ) Tj ET Q q 0 0 0 rg BT 249.06 174.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 279.74 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 297.10 174.60 Td (other ) Tj ET Q q 0 0 0 rg BT 320.58 174.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 334.06 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 351.42 174.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 382.11 174.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 398.36 174.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 425.16 174.60 Td (inhabited ) Tj ET Q q 0 0 0 rg BT 465.30 174.60 Td (by ) Tj ET Q q 0 0 0 rg BT 478.22 174.60 Td (species ) Tj ET Q q 0 0 0 rg BT 510.02 174.60 Td (that ) Tj ET Q q 0 0 0 rg BT 527.94 174.60 Td (could ) Tj ET Q q 0 0 0 rg BT 553.08 174.60 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (listed ) Tj ET Q q 0 0 0 rg BT 73.63 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 84.42 162.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 128.52 162.60 Td (or ) Tj ET Q q 0 0 0 rg BT 139.32 162.60 Td (endangered ) Tj ET Q q 0 0 0 rg BT 187.86 162.60 Td (under ) Tj ET Q q 0 0 0 rg BT 213.09 162.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.77 162.60 Td (Endangered ) Tj ET Q q 0 0 0 rg BT 277.99 162.60 Td (Species ) Tj ET Q q 0 0 0 rg BT 310.45 162.60 Td (Act, ) Tj ET Q q 0 0 0 rg BT 329.85 162.60 Td (which ) Tj ET Q q 0 0 0 rg BT 356.76 162.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 384.22 162.60 Td (could ) Tj ET Q q 0 0 0 rg BT 408.90 162.60 Td (lead ) Tj ET Q q 0 0 0 rg BT 428.02 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 438.26 162.60 Td (tighter ) Tj ET Q q 0 0 0 rg BT 466.83 162.60 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 513.72 162.60 Td (as ) Tj ET Q q 0 0 0 rg BT 524.52 162.60 Td (to ) Tj ET Q q 0 0 0 rg BT 534.76 162.60 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (land ) Tj ET Q q 0 0 0 rg BT 69.03 150.60 Td (use ) Tj ET Q q 0 0 0 rg BT 84.67 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 101.42 150.60 Td (other ) Tj ET Q q 0 0 0 rg BT 124.28 150.60 Td (land ) Tj ET Q q 0 0 0 rg BT 143.81 150.60 Td (use ) Tj ET Q q 0 0 0 rg BT 159.45 150.60 Td (where ) Tj ET Q q 0 0 0 rg BT 186.19 150.60 Td (federal ) Tj ET Q q 0 0 0 rg BT 216.26 150.60 Td (approvals ) Tj ET Q q 0 0 0 rg BT 257.45 150.60 Td (are ) Tj ET Q q 0 0 0 rg BT 271.97 150.60 Td (required.) Tj ET Q q 0 0 0 rg BT 312.60 150.60 Td (These ) Tj ET Q q 0 0 0 rg BT 338.79 150.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 359.43 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 376.18 150.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 425.43 150.60 Td (together ) Tj ET Q q 0 0 0 rg BT 460.50 150.60 Td (with ) Tj ET Q q 0 0 0 rg BT 480.59 150.60 Td (any ) Tj ET Q q 0 0 0 rg BT 497.34 150.60 Td (other ) Tj ET Q q 0 0 0 rg BT 520.20 150.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.72 150.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (law ) Tj ET Q q 0 0 0 rg BT 66.64 138.60 Td (related ) Tj ET Q q 0 0 0 rg BT 96.55 138.60 Td (to ) Tj ET Q q 0 0 0 rg BT 107.03 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 121.95 138.60 Td (use ) Tj ET Q q 0 0 0 rg BT 137.99 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 149.02 138.60 Td (eminent ) Tj ET Q q 0 0 0 rg BT 183.94 138.60 Td (domain ) Tj ET Q q 0 0 0 rg BT 216.64 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 227.67 138.60 Td (the ) Tj ET Q q 0 0 0 rg BT 242.59 138.60 Td (listing ) Tj ET Q q 0 0 0 rg BT 270.30 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 281.33 138.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 311.24 138.60 Td (species ) Tj ET Q q 0 0 0 rg BT 342.82 138.60 Td (as ) Tj ET Q q 0 0 0 rg BT 353.86 138.60 Td (threatened ) Tj ET Q q 0 0 0 rg BT 398.20 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 409.23 138.60 Td (endangered, ) Tj ET Q q 0 0 0 rg BT 460.52 138.60 Td (could ) Tj ET Q q 0 0 0 rg BT 485.44 138.60 Td (inhibit ) Tj ET Q q 0 0 0 rg BT 514.26 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 525.29 138.60 Td (eliminate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 64.27 126.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 91.27 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 100.49 126.60 Td (secure ) Tj ET Q q 0 0 0 rg BT 127.46 126.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 183.34 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 193.11 126.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 233.43 126.60 Td (access ) Tj ET Q q 0 0 0 rg BT 260.41 126.60 Td (land ) Tj ET Q q 0 0 0 rg BT 279.06 126.60 Td (for ) Tj ET Q q 0 0 0 rg BT 292.17 126.60 Td (current ) Tj ET Q q 0 0 0 rg BT 321.92 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 331.70 126.60 Td (future ) Tj ET Q q 0 0 0 rg BT 357.01 126.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 390.67 126.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 441.54 126.60 Td (projects.) Tj ET Q q 0 0 0 rg BT 480.15 126.60 Td (As ) Tj ET Q q 0 0 0 rg BT 492.70 126.60 Td (a ) Tj ET Q q 0 0 0 rg BT 498.58 126.60 Td (result, ) Tj ET Q q 0 0 0 rg BT 524.74 126.60 Td (obtaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (rights-of-way ) Tj ET Q q 0 0 0 rg BT 106.61 114.60 Td (or ) Tj ET Q q 0 0 0 rg BT 117.62 114.60 Td (other ) Tj ET Q q 0 0 0 rg BT 140.85 114.60 Td (means ) Tj ET Q q 0 0 0 rg BT 169.08 114.60 Td (of ) Tj ET Q q 0 0 0 rg BT 180.09 114.60 Td (access ) Tj ET Q q 0 0 0 rg BT 208.31 114.60 Td (may ) Tj ET Q q 0 0 0 rg BT 228.21 114.60 Td (require ) Tj ET Q q 0 0 0 rg BT 259.21 114.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 301.88 114.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 345.66 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 362.78 114.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 423.22 114.60 Td (compliance, ) Tj ET Q q 0 0 0 rg BT 474.49 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 491.61 114.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 532.05 114.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 554.73 114.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (connection ) Tj ET Q q 0 0 0 rg BT 95.83 102.60 Td (therewith, ) Tj ET Q q 0 0 0 rg BT 138.55 102.60 Td (which ) Tj ET Q q 0 0 0 rg BT 165.45 102.60 Td (could ) Tj ET Q q 0 0 0 rg BT 190.13 102.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 214.24 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 230.03 102.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 243.92 101.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.17 102.60 Td ( ) Tj ET Q q 0 0 0 rg BT 249.63 102.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 284.30 102.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 336.19 102.60 Td (schedule ) Tj ET Q q 0 0 0 rg BT 373.63 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 390.53 102.60 Td (initiation ) Tj ET Q q 0 0 0 rg BT 429.10 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 439.89 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 455.67 102.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 490.34 102.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 536.96 102.60 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 85.04 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 90.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 122.82 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 133.93 90.60 Td (constructing ) Tj ET Q q 0 0 0 rg BT 186.15 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 202.26 90.60 Td (pipelines. ) Tj ET Q q 0 0 0 rg BT 243.64 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 246.43 90.60 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 281.98 90.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 316.42 90.60 Td (are ) Tj ET Q q 0 0 0 rg BT 331.41 90.60 Td (also ) Tj ET Q q 0 0 0 rg BT 350.30 90.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 381.41 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 391.97 90.60 Td (heightened ) Tj ET Q q 0 0 0 rg BT 438.62 90.60 Td (levels ) Tj ET Q q 0 0 0 rg BT 464.73 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 475.84 90.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 510.84 90.60 Td (as ) Tj ET Q q 0 0 0 rg BT 521.95 90.60 Td (a ) Tj ET Q q 0 0 0 rg BT 529.17 90.60 Td (result ) Tj ET Q q 0 0 0 rg BT 554.17 90.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (public ) Tj ET Q q 0 0 0 rg BT 78.04 78.60 Td (opposition ) Tj ET Q q 0 0 0 rg BT 123.81 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 135.13 78.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 170.33 78.60 Td (like ) Tj ET Q q 0 0 0 rg BT 188.88 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 204.64 78.60 Td (Keystone ) Tj ET Q q 0 0 0 rg BT 245.95 78.60 Td (XL) Tj ET Q q 0 0 0 rg BT 258.91 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 262.45 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.44 78.60 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 312.08 78.60 Td (Access ) Tj ET Q q 0 0 0 rg BT 343.94 78.60 Td (pipelines. ) Tj ET Q q 0 0 0 rg BT 386.09 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 389.38 78.60 Td (This ) Tj ET Q q 0 0 0 rg BT 410.70 78.60 Td (scrutiny ) Tj ET Q q 0 0 0 rg BT 446.46 78.60 Td (has ) Tj ET Q q 0 0 0 rg BT 463.34 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 479.10 78.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 517.64 78.60 Td (to ) Tj ET Q q 0 0 0 rg BT 528.96 78.60 Td (result ) Tj ET Q q 0 0 0 rg BT 554.72 78.60 Td (in ) Tj ET Q endstream endobj 57 0 obj <> endobj 58 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (permitting ) Tj ET Q q 0 0 0 rg BT 94.44 726.60 Td (delays, ) Tj ET Q q 0 0 0 rg BT 125.77 726.60 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 166.80 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 184.52 726.60 Td (prolonged ) Tj ET Q q 0 0 0 rg BT 228.35 726.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 289.39 726.60 Td (review ) Tj ET Q q 0 0 0 rg BT 319.88 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 334.82 726.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 370.32 726.60 Td (projects, ) Tj ET Q q 0 0 0 rg BT 407.75 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.47 726.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 464.86 726.60 Td (challenges ) Tj ET Q q 0 0 0 rg BT 510.34 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 521.40 726.60 Td (regulatory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (agencies) Tj ET Q q 0 0 0 rg BT 86.51 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 89.01 714.60 Td (authorizations ) Tj ET Q q 0 0 0 rg BT 148.16 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.99 714.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 193.70 714.60 Td (projects.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.48 690.60 Td (futur) Tj ET Q q 0 0 0 rg BT 91.52 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 98.33 690.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 155.69 690.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 193.08 690.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 217.14 690.60 Td (our) Tj ET Q q 0 0 0 rg BT 231.96 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 234.34 690.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 263.94 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 690.60 Td (effectively ) Tj ET Q q 0 0 0 rg BT 320.33 690.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 355.49 690.60 Td (our) Tj ET Q q 0 0 0 rg BT 370.31 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 372.68 690.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 407.84 690.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.77 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 439.28 690.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.32 690.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.59 690.60 Td (r) Tj ET Q q 0 0 0 rg BT 493.85 690.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 526.77 690.60 Td (and ) Tj ET Q q 0 0 0 rg BT 545.27 690.60 Td (find ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (or) Tj ET Q q 0 0 0 rg BT 58.76 678.60 Td ( ) Tj ET Q q 0 0 0 rg BT 61.26 678.60 Td (acquir) Tj ET Q q 0 0 0 rg BT 88.86 678.60 Td (e ) Tj ET Q q 0 0 0 rg BT 95.79 678.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 141.64 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.70 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.32 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 207.49 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 223.88 678.60 Td (r) Tj ET Q q 0 0 0 rg BT 228.14 678.60 Td (eserves ) Tj ET Q q 0 0 0 rg BT 261.18 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 280.90 678.60 Td (ar) Tj ET Q q 0 0 0 rg BT 290.16 678.60 Td (e ) Tj ET Q q 0 0 0 rg BT 297.10 678.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 355.14 678.60 Td (r) Tj ET Q q 0 0 0 rg BT 359.40 678.60 Td (ecoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 654.60 Td (Unless ) Tj ET Q q 0 0 0 rg BT 96.40 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 109.74 654.60 Td (can ) Tj ET Q q 0 0 0 rg BT 125.29 654.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 175.84 654.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 209.18 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 224.18 654.60 Td (existing ) Tj ET Q q 0 0 0 rg BT 257.53 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 291.96 654.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 319.19 654.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 349.73 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 363.62 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 398.06 654.60 Td (that ) Tj ET Q q 0 0 0 rg BT 414.73 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 428.07 654.60 Td (produce, ) Tj ET Q q 0 0 0 rg BT 464.45 654.60 Td (our ) Tj ET Q q 0 0 0 rg BT 479.46 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 513.89 654.60 Td (will ) Tj ET Q q 0 0 0 rg BT 531.13 654.60 Td (decline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.86 642.60 Td (eventually ) Tj ET Q q 0 0 0 rg BT 130.88 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.03 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 147.83 642.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 184.62 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 194.76 642.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 207.69 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 224.50 642.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 254.63 642.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 270.33 642.60 Td (production ) Tj ET Q q 0 0 0 rg BT 316.02 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 332.83 642.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 357.96 642.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 395.87 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 412.67 642.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 432.81 642.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 457.40 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 479.21 642.60 Td (operations.) Tj ET Q q 0 0 0 rg BT 528.18 642.60 Td (W) Tj ET Q q 0 0 0 rg BT 536.82 642.60 Td (e ) Tj ET Q q 0 0 0 rg BT 543.63 642.60 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (historically ) Tj ET Q q 0 0 0 rg BT 98.76 630.60 Td (replaced ) Tj ET Q q 0 0 0 rg BT 136.88 630.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 173.91 630.60 Td (through ) Tj ET Q q 0 0 0 rg BT 209.28 630.60 Td (both ) Tj ET Q q 0 0 0 rg BT 231.32 630.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 283.36 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 302.07 630.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.87 630.60 Td (or) Tj ET Q q 0 0 0 rg BT 345.02 630.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 370.94 630.60 Td (growth ) Tj ET Q q 0 0 0 rg BT 403.54 630.60 Td (activities.For ) Tj ET Q q 0 0 0 rg BT 465.29 630.60 Td (internal ) Tj ET Q q 0 0 0 rg BT 500.10 630.60 Td (or) Tj ET Q q 0 0 0 rg BT 508.25 630.60 Td (ganic ) Tj ET Q q 0 0 0 rg BT 534.17 630.60 Td (growth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (activities, ) Tj ET Q q 0 0 0 rg BT 90.50 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.12 618.60 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 149.74 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 618.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 190.65 618.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 225.81 618.60 Td (that ) Tj ET Q q 0 0 0 rg BT 243.21 618.60 Td (we ) Tj ET Q q 0 0 0 rg BT 257.27 618.60 Td (can ) Tj ET Q q 0 0 0 rg BT 273.55 618.60 Td (book ) Tj ET Q q 0 0 0 rg BT 295.96 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 306.14 618.60 Td (any ) Tj ET Q q 0 0 0 rg BT 322.98 618.60 Td (given ) Tj ET Q q 0 0 0 rg BT 347.60 618.60 Td (year ) Tj ET Q q 0 0 0 rg BT 367.21 618.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 402.38 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 414.79 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 430.52 618.60 Td (progress ) Tj ET Q q 0 0 0 rg BT 466.81 618.60 Td (with ) Tj ET Q q 0 0 0 rg BT 486.99 618.60 Td (new ) Tj ET Q q 0 0 0 rg BT 506.05 618.60 Td (floods ) Tj ET Q q 0 0 0 rg BT 533.46 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 618.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.80 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 90.32 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 105.73 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 152.25 606.60 Td (response. ) Tj ET Q q 0 0 0 rg BT 192.93 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 196.12 606.60 Td (In ) Tj ET Q q 0 0 0 rg BT 207.64 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 223.04 606.60 Td (future, ) Tj ET Q q 0 0 0 rg BT 252.61 606.60 Td (we ) Tj ET Q q 0 0 0 rg BT 267.46 606.60 Td (may ) Tj ET Q q 0 0 0 rg BT 287.87 606.60 Td (not ) Tj ET Q q 0 0 0 rg BT 303.83 606.60 Td (be ) Tj ET Q q 0 0 0 rg BT 316.46 606.60 Td (able ) Tj ET Q q 0 0 0 rg BT 336.31 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.28 606.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 384.90 606.60 Td (to ) Tj ET Q q 0 0 0 rg BT 395.87 606.60 Td (replace ) Tj ET Q q 0 0 0 rg BT 427.92 606.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 463.87 606.60 Td (at ) Tj ET Q q 0 0 0 rg BT 474.28 606.60 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 519.65 606.60 Td (costs.) Tj ET Q q 0 0 0 rg BT 546.97 606.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (business ) Tj ET Q q 0 0 0 rg BT 85.62 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 96.18 594.60 Td (exploring ) Tj ET Q q 0 0 0 rg BT 136.73 594.60 Td (for) Tj ET Q q 0 0 0 rg BT 147.99 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 152.72 594.60 Td (developing ) Tj ET Q q 0 0 0 rg BT 199.38 594.60 Td (or ) Tj ET Q q 0 0 0 rg BT 209.94 594.60 Td (acquiring ) Tj ET Q q 0 0 0 rg BT 249.93 594.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 284.92 594.60 Td (is ) Tj ET Q q 0 0 0 rg BT 293.81 594.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 322.69 594.60 Td (intensive.) Tj ET Q q 0 0 0 rg BT 366.12 594.60 Td (W) Tj ET Q q 0 0 0 rg BT 374.75 594.60 Td (e ) Tj ET Q q 0 0 0 rg BT 381.42 594.60 Td (may ) Tj ET Q q 0 0 0 rg BT 400.87 594.60 Td (not ) Tj ET Q q 0 0 0 rg BT 415.87 594.60 Td (be ) Tj ET Q q 0 0 0 rg BT 427.54 594.60 Td (able ) Tj ET Q q 0 0 0 rg BT 446.42 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.43 594.60 Td (make ) Tj ET Q q 0 0 0 rg BT 480.31 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 494.76 594.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 535.85 594.60 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 95.21 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 104.82 582.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 141.64 582.60 Td (or ) Tj ET Q q 0 0 0 rg BT 151.80 582.60 Td (expand ) Tj ET Q q 0 0 0 rg BT 182.51 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.67 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 210.06 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 226.33 582.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 255.93 582.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 271.09 582.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 305.68 582.60 Td (if ) Tj ET Q q 0 0 0 rg BT 313.62 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 328.78 582.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 348.38 582.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 372.43 582.60 Td (from ) Tj ET Q q 0 0 0 rg BT 393.70 582.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 437.19 582.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 473.45 582.60 Td (to ) Tj ET Q q 0 0 0 rg BT 483.06 582.60 Td (be ) Tj ET Q q 0 0 0 rg BT 494.33 582.60 Td (reduced, ) Tj ET Q q 0 0 0 rg BT 530.31 582.60 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (due ) Tj ET Q q 0 0 0 rg BT 66.55 570.60 Td (to ) Tj ET Q q 0 0 0 rg BT 76.94 570.60 Td (current ) Tj ET Q q 0 0 0 rg BT 107.86 570.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.03 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 131.97 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 162.34 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 178.28 570.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 204.77 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 215.71 570.60 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 259.70 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 270.64 570.60 Td (if ) Tj ET Q q 0 0 0 rg BT 279.35 570.60 Td (external ) Tj ET Q q 0 0 0 rg BT 314.17 570.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 346.77 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 357.71 570.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.97 570.60 Td (become ) Tj ET Q q 0 0 0 rg BT 420.67 570.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 451.61 570.60 Td (or ) Tj ET Q q 0 0 0 rg BT 462.55 570.60 Td (unavailable.Further) Tj ET Q q 0 0 0 rg BT 545.18 570.60 Td (, ) Tj ET Q q 0 0 0 rg BT 550.29 570.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (process ) Tj ET Q q 0 0 0 rg BT 80.97 558.60 Td (of ) Tj ET Q q 0 0 0 rg BT 90.79 558.60 Td (using ) Tj ET Q q 0 0 0 rg BT 113.94 558.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 127.83 557.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.08 558.60 Td ( ) Tj ET Q q 0 0 0 rg BT 132.56 558.60 Td (for ) Tj ET Q q 0 0 0 rg BT 145.71 558.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 176.06 558.60 Td (recovery) Tj ET Q q 0 0 0 rg BT 210.39 558.60 Td (, ) Tj ET Q q 0 0 0 rg BT 214.37 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 230.30 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 244.00 558.60 Td (related ) Tj ET Q q 0 0 0 rg BT 272.68 558.60 Td (infrastructure, ) Tj ET Q q 0 0 0 rg BT 330.53 558.60 Td (requires ) Tj ET Q q 0 0 0 rg BT 364.22 558.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 407.91 558.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 436.05 558.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 481.41 558.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 502.33 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 511.60 558.60 Td (any ) Tj ET Q q 0 0 0 rg BT 527.52 558.60 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.90 546.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 110.96 546.60 Td (production ) Tj ET Q q 0 0 0 rg BT 157.25 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.65 546.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 195.38 546.60 Td (flows ) Tj ET Q q 0 0 0 rg BT 220.57 546.60 Td (from ) Tj ET Q q 0 0 0 rg BT 242.97 546.60 Td (these ) Tj ET Q q 0 0 0 rg BT 266.48 546.60 Td (projects, ) Tj ET Q q 0 0 0 rg BT 303.60 546.60 Td (heightening ) Tj ET Q q 0 0 0 rg BT 353.78 546.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 391.73 546.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 421.35 546.60 Td (constraints.If ) Tj ET Q q 0 0 0 rg BT 481.79 546.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 511.41 546.60 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (remain ) Tj ET Q q 0 0 0 rg BT 80.12 534.60 Td (at ) Tj ET Q q 0 0 0 rg BT 90.19 534.60 Td (reduced ) Tj ET Q q 0 0 0 rg BT 124.69 534.60 Td (levels, ) Tj ET Q q 0 0 0 rg BT 153.37 534.60 Td (or ) Tj ET Q q 0 0 0 rg BT 164.55 534.60 Td (if ) Tj ET Q q 0 0 0 rg BT 173.51 534.60 Td (outside ) Tj ET Q q 0 0 0 rg BT 205.25 534.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.76 534.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 275.37 534.60 Td (become ) Tj ET Q q 0 0 0 rg BT 309.32 534.60 Td (limited, ) Tj ET Q q 0 0 0 rg BT 343.00 534.60 Td (we ) Tj ET Q q 0 0 0 rg BT 357.52 534.60 Td (will ) Tj ET Q q 0 0 0 rg BT 375.93 534.60 Td (not ) Tj ET Q q 0 0 0 rg BT 391.56 534.60 Td (be ) Tj ET Q q 0 0 0 rg BT 403.85 534.60 Td (able ) Tj ET Q q 0 0 0 rg BT 423.36 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 433.99 534.60 Td (maintain ) Tj ET Q q 0 0 0 rg BT 471.84 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 488.02 534.60 Td (current ) Tj ET Q q 0 0 0 rg BT 519.19 534.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (levels.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 498.60 Td (e ) Tj ET Q q 0 0 0 rg BT 84.03 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 106.37 498.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 144.25 498.60 Td (several ) Tj ET Q q 0 0 0 rg BT 176.02 498.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 201.69 498.60 Td (at ) Tj ET Q q 0 0 0 rg BT 212.37 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.26 498.60 Td (substantial ) Tj ET Q q 0 0 0 rg BT 266.49 498.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 286.06 498.60 Td (because ) Tj ET Q q 0 0 0 rg BT 321.16 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 336.28 498.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 368.61 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 387.06 498.60 Td (they ) Tj ET Q q 0 0 0 rg BT 407.73 498.60 Td (have ) Tj ET Q q 0 0 0 rg BT 430.07 498.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 475.74 498.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 519.18 498.60 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.11 486.60 Td (through ) Tj ET Q q 0 0 0 rg BT 120.83 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 152.32 486.60 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 191.33 486.60 Td (and ) Tj ET Q q 0 0 0 rg BT 208.38 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 222.66 486.60 Td (may ) Tj ET Q q 0 0 0 rg BT 242.49 486.60 Td (have ) Tj ET Q q 0 0 0 rg BT 263.99 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 278.82 486.60 Td (opportunity ) Tj ET Q q 0 0 0 rg BT 328.10 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 338.50 486.60 Td (acquire ) Tj ET Q q 0 0 0 rg BT 370.54 486.60 Td (other ) Tj ET Q q 0 0 0 rg BT 393.70 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 406.88 486.60 Td (fields ) Tj ET Q q 0 0 0 rg BT 431.71 486.60 Td (that ) Tj ET Q q 0 0 0 rg BT 449.32 486.60 Td (we ) Tj ET Q q 0 0 0 rg BT 463.60 486.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 495.09 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 509.92 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 541.40 486.60 Td (flood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (candidates, ) Tj ET Q q 0 0 0 rg BT 96.76 474.60 Td (some ) Tj ET Q q 0 0 0 rg BT 120.42 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 131.30 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 158.29 474.60 Td (may ) Tj ET Q q 0 0 0 rg BT 178.06 474.60 Td (require ) Tj ET Q q 0 0 0 rg BT 208.93 474.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 253.70 474.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 290.14 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 301.02 474.60 Td (capital.If ) Tj ET Q q 0 0 0 rg BT 344.39 474.60 Td (we ) Tj ET Q q 0 0 0 rg BT 358.60 474.60 Td (are ) Tj ET Q q 0 0 0 rg BT 373.36 474.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 402.57 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 412.90 474.60 Td (successfully ) Tj ET Q q 0 0 0 rg BT 464.33 474.60 Td (develop ) Tj ET Q q 0 0 0 rg BT 498.54 474.60 Td (and ) Tj ET Q q 0 0 0 rg BT 515.54 474.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 550.30 474.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 87.52 462.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.10 462.60 Td (in ) Tj ET Q q 0 0 0 rg BT 111.90 462.60 Td (any ) Tj ET Q q 0 0 0 rg BT 129.37 462.60 Td (acquired ) Tj ET Q q 0 0 0 rg BT 166.82 462.60 Td (fields, ) Tj ET Q q 0 0 0 rg BT 194.56 462.60 Td (it ) Tj ET Q q 0 0 0 rg BT 203.15 462.60 Td (would ) Tj ET Q q 0 0 0 rg BT 231.17 462.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 275.85 462.60 Td (af) Tj ET Q q 0 0 0 rg BT 283.44 462.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 301.45 462.60 Td (our ) Tj ET Q q 0 0 0 rg BT 317.80 462.60 Td (return ) Tj ET Q q 0 0 0 rg BT 344.71 462.60 Td (on ) Tj ET Q q 0 0 0 rg BT 357.73 462.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 404.64 462.60 Td (relative ) Tj ET Q q 0 0 0 rg BT 437.65 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 448.45 462.60 Td (these ) Tj ET Q q 0 0 0 rg BT 472.03 462.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 522.83 462.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.29 462.60 Td (could ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.67 450.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 130.49 450.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.00 450.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 173.73 450.60 Td (to ) Tj ET Q q 0 0 0 rg BT 183.69 450.60 Td (obtain ) Tj ET Q q 0 0 0 rg BT 210.87 450.60 Td (additional ) Tj ET Q q 0 0 0 rg BT 253.04 450.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.87 450.60 Td (for ) Tj ET Q q 0 0 0 rg BT 295.70 450.60 Td (the ) Tj ET Q q 0 0 0 rg BT 310.10 450.60 Td (future ) Tj ET Q q 0 0 0 rg BT 336.16 450.60 Td (or ) Tj ET Q q 0 0 0 rg BT 346.67 450.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 367.18 450.60 Td (future ) Tj ET Q q 0 0 0 rg BT 393.23 450.60 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 445.68 450.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.30 450.60 Td (also ) Tj ET Q q 0 0 0 rg BT 480.59 450.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 524.42 450.60 Td (af) Tj ET Q q 0 0 0 rg BT 532.01 450.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 549.17 450.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 438.60 Td (results ) Tj ET Q q 0 0 0 rg BT 115.59 438.60 Td (to ) Tj ET Q q 0 0 0 rg BT 125.87 438.60 Td (a ) Tj ET Q q 0 0 0 rg BT 132.81 438.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 177.52 438.60 Td (degree.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 102.55 414.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 147.82 414.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 189.74 414.60 Td (may ) Tj ET Q q 0 0 0 rg BT 210.57 414.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 241.40 414.60 Td (us ) Tj ET Q q 0 0 0 rg BT 253.36 414.60 Td (to ) Tj ET Q q 0 0 0 rg BT 264.19 414.60 Td (potential ) Tj ET Q q 0 0 0 rg BT 304.47 414.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 344.19 414.60 Td (loss.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 390.60 Td (o ) Tj ET Q q 0 0 0 rg BT 80.72 390.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 110.17 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 126.31 390.60 Td (exposure ) Tj ET Q q 0 0 0 rg BT 165.21 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 175.80 390.60 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 225.81 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 236.40 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.42 390.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.11 390.60 Td (of ) Tj ET Q q 0 0 0 rg BT 289.24 390.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 302.61 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 319.85 390.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 350.42 390.60 Td (gas, ) Tj ET Q q 0 0 0 rg BT 369.06 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.53 390.60 Td (enter ) Tj ET Q q 0 0 0 rg BT 406.32 390.60 Td (into ) Tj ET Q q 0 0 0 rg BT 424.68 390.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 473.04 390.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 515.83 390.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 554.73 390.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (order ) Tj ET Q q 0 0 0 rg BT 73.72 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 84.61 378.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 141.59 378.60 Td (hedge ) Tj ET Q q 0 0 0 rg BT 168.59 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 176.14 378.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 208.15 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 219.59 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 236.04 378.60 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 280.24 378.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 293.91 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 311.47 378.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 342.35 378.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.80 378.60 Td (production.) Tj ET Q q 0 0 0 rg BT 409.07 378.60 Td (As ) Tj ET Q q 0 0 0 rg BT 423.30 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 434.75 378.60 Td (February ) Tj ET Q q 0 0 0 rg BT 473.96 378.60 Td (22, ) Tj ET Q q 0 0 0 rg BT 489.58 378.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 515.20 378.60 Td (we ) Tj ET Q q 0 0 0 rg BT 529.97 378.60 Td (have ) Tj ET Q q 0 0 0 rg BT 551.97 378.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 92.28 366.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 131.17 366.60 Td (in ) Tj ET Q q 0 0 0 rg BT 141.74 366.60 Td (place ) Tj ET Q q 0 0 0 rg BT 165.63 366.60 Td (covering ) Tj ET Q q 0 0 0 rg BT 203.41 366.60 Td (39,000 ) Tj ET Q q 0 0 0 rg BT 233.70 366.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 262.62 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 277.07 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 292.09 366.60 Td (first ) Tj ET Q q 0 0 0 rg BT 310.99 366.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 342.10 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 353.23 366.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 378.52 366.60 Td (29,000 ) Tj ET Q q 0 0 0 rg BT 408.82 366.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 437.73 366.60 Td (for ) Tj ET Q q 0 0 0 rg BT 452.19 366.60 Td (the ) Tj ET Q q 0 0 0 rg BT 467.20 366.60 Td (second ) Tj ET Q q 0 0 0 rg BT 497.76 366.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 528.87 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 540.00 366.60 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (16,500 ) Tj ET Q q 0 0 0 rg BT 79.24 354.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 107.59 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 121.49 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.95 354.60 Td (third ) Tj ET Q q 0 0 0 rg BT 157.07 354.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 187.62 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.19 354.60 Td (2017, ) Tj ET Q q 0 0 0 rg BT 222.93 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 239.61 354.60 Td (13,000 ) Tj ET Q q 0 0 0 rg BT 269.34 354.60 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 297.70 354.60 Td (for ) Tj ET Q q 0 0 0 rg BT 311.60 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.05 354.60 Td (fourth ) Tj ET Q q 0 0 0 rg BT 352.73 354.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 383.28 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 393.85 354.60 Td (2017. ) Tj ET Q q 0 0 0 rg BT 418.59 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 420.83 354.60 Td (Such ) Tj ET Q q 0 0 0 rg BT 443.06 354.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 485.28 354.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 523.61 354.60 Td (expose ) Tj ET Q q 0 0 0 rg BT 553.62 354.60 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.07 342.60 Td (risk ) Tj ET Q q 0 0 0 rg BT 75.87 342.60 Td (of ) Tj ET Q q 0 0 0 rg BT 85.99 342.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 122.76 342.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 140.12 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 149.69 342.60 Td (some ) Tj ET Q q 0 0 0 rg BT 172.59 342.60 Td (circumstances, ) Tj ET Q q 0 0 0 rg BT 233.53 342.60 Td (including ) Tj ET Q q 0 0 0 rg BT 273.09 342.60 Td (when ) Tj ET Q q 0 0 0 rg BT 296.55 342.60 Td (there ) Tj ET Q q 0 0 0 rg BT 318.32 342.60 Td (is ) Tj ET Q q 0 0 0 rg BT 326.79 342.60 Td (a ) Tj ET Q q 0 0 0 rg BT 333.02 342.60 Td (change ) Tj ET Q q 0 0 0 rg BT 363.13 342.60 Td (in ) Tj ET Q q 0 0 0 rg BT 372.70 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 386.71 342.60 Td (expected ) Tj ET Q q 0 0 0 rg BT 424.04 342.60 Td (dif) Tj ET Q q 0 0 0 rg BT 434.96 342.60 Td (ferential ) Tj ET Q q 0 0 0 rg BT 470.07 342.60 Td (between ) Tj ET Q q 0 0 0 rg BT 505.18 342.60 Td (the ) Tj ET Q q 0 0 0 rg BT 519.19 342.60 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (price ) Tj ET Q q 0 0 0 rg BT 72.32 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 82.94 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 97.99 330.60 Td (hedging ) Tj ET Q q 0 0 0 rg BT 133.04 330.60 Td (agreement ) Tj ET Q q 0 0 0 rg BT 177.52 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 194.80 330.60 Td (actual ) Tj ET Q q 0 0 0 rg BT 221.51 330.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 248.22 330.60 Td (received, ) Tj ET Q q 0 0 0 rg BT 287.42 330.60 Td (when ) Tj ET Q q 0 0 0 rg BT 311.92 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.97 330.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 347.58 330.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 378.18 330.60 Td (from ) Tj ET Q q 0 0 0 rg BT 400.45 330.60 Td (hedges ) Tj ET Q q 0 0 0 rg BT 431.06 330.60 Td (including ) Tj ET Q q 0 0 0 rg BT 471.67 330.60 Td (a ) Tj ET Q q 0 0 0 rg BT 478.94 330.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 498.45 330.60 Td (put ) Tj ET Q q 0 0 0 rg BT 514.07 330.60 Td (is ) Tj ET Q q 0 0 0 rg BT 523.57 330.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 554.74 330.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.26 318.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 89.24 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 101.35 318.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 126.77 318.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 141.64 318.60 Td (below ) Tj ET Q q 0 0 0 rg BT 167.63 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 181.39 318.60 Td (price ) Tj ET Q q 0 0 0 rg BT 202.92 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.80 318.60 Td (our ) Tj ET Q q 0 0 0 rg BT 227.68 318.60 Td (sold ) Tj ET Q q 0 0 0 rg BT 245.90 318.60 Td (puts, ) Tj ET Q q 0 0 0 rg BT 266.61 318.60 Td (or ) Tj ET Q q 0 0 0 rg BT 276.49 318.60 Td (when ) Tj ET Q q 0 0 0 rg BT 299.70 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 313.46 318.60 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 365.54 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 374.86 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 388.63 318.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 430.16 318.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 463.90 318.60 Td (is ) Tj ET Q q 0 0 0 rg BT 472.12 318.60 Td (financially ) Tj ET Q q 0 0 0 rg BT 516.43 318.60 Td (constrained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 65.80 306.60 Td (defaults ) Tj ET Q q 0 0 0 rg BT 99.32 306.60 Td (on ) Tj ET Q q 0 0 0 rg BT 111.18 306.60 Td (its ) Tj ET Q q 0 0 0 rg BT 122.49 306.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 168.77 306.60 Td (obligations. ) Tj ET Q q 0 0 0 rg BT 217.58 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 219.44 306.60 Td (In ) Tj ET Q q 0 0 0 rg BT 229.64 306.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 266.77 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 289.18 306.60 Td (derivative ) Tj ET Q q 0 0 0 rg BT 331.03 306.60 Td (contracts ) Tj ET Q q 0 0 0 rg BT 368.98 306.60 Td (may ) Tj ET Q q 0 0 0 rg BT 388.06 306.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 408.82 306.60 Td (the ) Tj ET Q q 0 0 0 rg BT 422.90 306.60 Td (benefit ) Tj ET Q q 0 0 0 rg BT 452.52 306.60 Td (we ) Tj ET Q q 0 0 0 rg BT 466.05 306.60 Td (would ) Tj ET Q q 0 0 0 rg BT 492.91 306.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 533.65 306.60 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 294.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 110.58 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 120.86 294.60 Td (the ) Tj ET Q q 0 0 0 rg BT 135.58 294.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 161.96 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 176.12 294.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 189.17 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 206.11 294.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 236.38 294.60 Td (gas.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (Shortages ) Tj ET Q q 0 0 0 rg BT 93.74 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 104.08 270.60 Td (or) Tj ET Q q 0 0 0 rg BT 113.34 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 115.35 270.60 Td (delays ) Tj ET Q q 0 0 0 rg BT 144.04 270.60 Td (in ) Tj ET Q q 0 0 0 rg BT 154.39 270.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.73 270.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 219.53 270.60 Td (of ) Tj ET Q q 0 0 0 rg BT 229.88 270.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 242.45 270.60 Td (field ) Tj ET Q q 0 0 0 rg BT 263.35 270.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 313.42 270.60 Td (services ) Tj ET Q q 0 0 0 rg BT 348.75 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 366.89 270.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 406.69 270.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 450.38 270.60 Td (could ) Tj ET Q q 0 0 0 rg BT 475.73 270.60 Td (r) Tj ET Q q 0 0 0 rg BT 479.99 270.60 Td (educe ) Tj ET Q q 0 0 0 rg BT 506.44 270.60 Td (our) Tj ET Q q 0 0 0 rg BT 521.26 270.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.27 270.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 544.18 270.60 Td (flow ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 68.12 258.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 111.17 258.60 Td (affect ) Tj ET Q q 0 0 0 rg BT 137.54 258.60 Td (r) Tj ET Q q 0 0 0 rg BT 141.79 258.60 Td (esults ) Tj ET Q q 0 0 0 rg BT 168.19 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 179.02 258.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.22 234.60 Td (demand ) Tj ET Q q 0 0 0 rg BT 119.06 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 132.89 234.60 Td (qualified ) Tj ET Q q 0 0 0 rg BT 170.61 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.23 234.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 237.70 234.60 Td (field ) Tj ET Q q 0 0 0 rg BT 258.21 234.60 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 301.76 234.60 Td (geologists, ) Tj ET Q q 0 0 0 rg BT 346.99 234.60 Td (geophysicists, ) Tj ET Q q 0 0 0 rg BT 405.56 234.60 Td (engineers ) Tj ET Q q 0 0 0 rg BT 446.05 234.60 Td (and ) Tj ET Q q 0 0 0 rg BT 462.66 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 485.39 234.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 540.33 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 234.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.66 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 77.70 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 107.07 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.00 222.60 Td (industry ) Tj ET Q q 0 0 0 rg BT 156.39 222.60 Td (can ) Tj ET Q q 0 0 0 rg BT 171.87 222.60 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 208.45 222.60 Td (significantly) Tj ET Q q 0 0 0 rg BT 257.79 222.60 Td (, ) Tj ET Q q 0 0 0 rg BT 261.90 222.60 Td (often ) Tj ET Q q 0 0 0 rg BT 284.05 222.60 Td (in ) Tj ET Q q 0 0 0 rg BT 293.43 222.60 Td (correlation ) Tj ET Q q 0 0 0 rg BT 338.35 222.60 Td (with ) Tj ET Q q 0 0 0 rg BT 357.73 222.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 369.89 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 385.93 222.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 415.30 222.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 430.23 222.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 458.21 222.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 490.36 222.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 524.73 222.60 Td (shortages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 60.09 210.60 Td (such ) Tj ET Q q 0 0 0 rg BT 81.23 210.60 Td (personnel.In ) Tj ET Q q 0 0 0 rg BT 138.74 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 153.77 210.60 Td (past, ) Tj ET Q q 0 0 0 rg BT 175.19 210.60 Td (during ) Tj ET Q q 0 0 0 rg BT 204.10 210.60 Td (periods ) Tj ET Q q 0 0 0 rg BT 236.35 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 247.49 210.60 Td (high ) Tj ET Q q 0 0 0 rg BT 268.08 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 281.44 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 298.69 210.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 329.26 210.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 345.40 210.60 Td (prices, ) Tj ET Q q 0 0 0 rg BT 374.59 210.60 Td (we ) Tj ET Q q 0 0 0 rg BT 389.06 210.60 Td (have ) Tj ET Q q 0 0 0 rg BT 410.74 210.60 Td (experienced ) Tj ET Q q 0 0 0 rg BT 461.85 210.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 502.43 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 513.57 210.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 526.94 210.60 Td (field ) Tj ET Q q 0 0 0 rg BT 548.07 210.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (other ) Tj ET Q q 0 0 0 rg BT 74.05 198.60 Td (necessary ) Tj ET Q q 0 0 0 rg BT 116.93 198.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 165.64 198.60 Td (including ) Tj ET Q q 0 0 0 rg BT 207.42 198.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 240.87 198.60 Td (rigs, ) Tj ET Q q 0 0 0 rg BT 262.38 198.60 Td (along ) Tj ET Q q 0 0 0 rg BT 288.60 198.60 Td (with ) Tj ET Q q 0 0 0 rg BT 310.38 198.60 Td (increased ) Tj ET Q q 0 0 0 rg BT 352.14 198.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 380.03 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 395.69 198.60 Td (such ) Tj ET Q q 0 0 0 rg BT 418.03 198.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 466.75 198.60 Td (services ) Tj ET Q q 0 0 0 rg BT 502.96 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 521.40 198.60 Td (associated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (personnel.) Tj ET Q q 0 0 0 rg BT 95.70 186.60 Td (These ) Tj ET Q q 0 0 0 rg BT 122.68 186.60 Td (types ) Tj ET Q q 0 0 0 rg BT 146.89 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 158.32 186.60 Td (shortages ) Tj ET Q q 0 0 0 rg BT 199.19 186.60 Td (or ) Tj ET Q q 0 0 0 rg BT 210.63 186.60 Td (price ) Tj ET Q q 0 0 0 rg BT 233.71 186.60 Td (increases ) Tj ET Q q 0 0 0 rg BT 273.46 186.60 Td (could ) Tj ET Q q 0 0 0 rg BT 298.78 186.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 351.88 186.60 Td (decrease ) Tj ET Q q 0 0 0 rg BT 389.39 186.60 Td (our ) Tj ET Q q 0 0 0 rg BT 405.83 186.60 Td (profit ) Tj ET Q q 0 0 0 rg BT 431.15 186.60 Td (mar) Tj ET Q q 0 0 0 rg BT 446.51 186.60 Td (gin, ) Tj ET Q q 0 0 0 rg BT 464.89 186.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 485.76 186.60 Td (flow ) Tj ET Q q 0 0 0 rg BT 507.20 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 524.74 186.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (results ) Tj ET Q q 0 0 0 rg BT 78.15 174.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 106.24 174.60 Td (restrict ) Tj ET Q q 0 0 0 rg BT 136.55 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 147.42 174.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 171.62 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 187.49 174.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 215.59 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 225.91 174.60 Td (drill ) Tj ET Q q 0 0 0 rg BT 245.12 174.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 268.77 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 285.75 174.60 Td (conduct ) Tj ET Q q 0 0 0 rg BT 319.95 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 335.82 174.60 Td (operations, ) Tj ET Q q 0 0 0 rg BT 382.52 174.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 418.40 174.60 Td (causing ) Tj ET Q q 0 0 0 rg BT 451.49 174.60 Td (us ) Tj ET Q q 0 0 0 rg BT 462.93 174.60 Td (to ) Tj ET Q q 0 0 0 rg BT 473.25 174.60 Td (miss ) Tj ET Q q 0 0 0 rg BT 494.13 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 510.00 174.60 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 548.08 174.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (projections.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (The ) Tj ET Q q 0 0 0 rg BT 68.20 138.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 128.56 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 138.92 138.60 Td (our) Tj ET Q q 0 0 0 rg BT 153.74 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.78 138.60 Td (pr) Tj ET Q q 0 0 0 rg BT 165.59 138.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 204.86 138.60 Td (is ) Tj ET Q q 0 0 0 rg BT 213.56 138.60 Td (dependent ) Tj ET Q q 0 0 0 rg BT 260.05 138.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 283.76 138.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 348.02 138.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 369.50 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 387.66 138.60 Td (other) Tj ET Q q 0 0 0 rg BT 410.24 138.60 Td ( ) Tj ET Q q 0 0 0 rg BT 412.28 138.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 452.35 138.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 484.37 138.60 Td (of ) Tj ET Q q 0 0 0 rg BT 494.73 138.60 Td (which ) Tj ET Q q 0 0 0 rg BT 522.33 138.60 Td (we ) Tj ET Q q 0 0 0 rg BT 536.02 138.60 Td (do ) Tj ET Q q 0 0 0 rg BT 548.61 138.60 Td (not ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (contr) Tj ET Q q 0 0 0 rg BT 72.09 126.60 Td (ol. ) Tj ET Q q 0 0 0 rg BT 84.87 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 87.19 126.60 Td (When ) Tj ET Q q 0 0 0 rg BT 115.25 126.60 Td (these ) Tj ET Q q 0 0 0 rg BT 139.41 126.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 177.45 126.60 Td (ar) Tj ET Q q 0 0 0 rg BT 186.71 126.60 Td (e ) Tj ET Q q 0 0 0 rg BT 193.65 126.60 Td (unavailable, ) Tj ET Q q 0 0 0 rg BT 248.10 126.60 Td (our) Tj ET Q q 0 0 0 rg BT 262.92 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 265.42 126.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 312.92 126.60 Td (can ) Tj ET Q q 0 0 0 rg BT 330.42 126.60 Td (be ) Tj ET Q q 0 0 0 rg BT 342.92 126.60 Td (interrupted ) Tj ET Q q 0 0 0 rg BT 394.86 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 413.48 126.60 Td (our) Tj ET Q q 0 0 0 rg BT 428.30 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 430.80 126.60 Td (r) Tj ET Q q 0 0 0 rg BT 435.06 126.60 Td (evenues ) Tj ET Q q 0 0 0 rg BT 470.89 126.60 Td (r) Tj ET Q q 0 0 0 rg BT 475.15 126.60 Td (educed.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.35 102.60 Td (marketability ) Tj ET Q q 0 0 0 rg BT 142.96 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 154.59 102.60 Td (our ) Tj ET Q q 0 0 0 rg BT 171.22 102.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 185.08 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 202.82 102.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 233.88 102.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.51 102.60 Td (production ) Tj ET Q q 0 0 0 rg BT 297.13 102.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 335.70 102.60 Td (in ) Tj ET Q q 0 0 0 rg BT 346.78 102.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 368.13 102.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 391.43 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 406.94 102.60 Td (availability) Tj ET Q q 0 0 0 rg BT 451.28 102.60 Td (, ) Tj ET Q q 0 0 0 rg BT 457.08 102.60 Td (proximity ) Tj ET Q q 0 0 0 rg BT 499.82 102.60 Td (and ) Tj ET Q q 0 0 0 rg BT 517.56 102.60 Td (capacity ) Tj ET Q q 0 0 0 rg BT 554.17 102.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.88 90.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 129.61 90.60 Td (owned ) Tj ET Q q 0 0 0 rg BT 159.10 90.60 Td (by ) Tj ET Q q 0 0 0 rg BT 171.94 90.60 Td (third ) Tj ET Q q 0 0 0 rg BT 193.67 90.60 Td (parties. ) Tj ET Q q 0 0 0 rg BT 225.66 90.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.50 90.60 Td (In ) Tj ET Q q 0 0 0 rg BT 239.67 90.60 Td (general, ) Tj ET Q q 0 0 0 rg BT 274.43 90.60 Td (we ) Tj ET Q q 0 0 0 rg BT 288.93 90.60 Td (do ) Tj ET Q q 0 0 0 rg BT 301.77 90.60 Td (not ) Tj ET Q q 0 0 0 rg BT 317.38 90.60 Td (control ) Tj ET Q q 0 0 0 rg BT 348.55 90.60 Td (these ) Tj ET Q q 0 0 0 rg BT 371.93 90.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 430.31 90.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 470.08 90.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.36 90.60 Td (our ) Tj ET Q q 0 0 0 rg BT 503.53 90.60 Td (access ) Tj ET Q q 0 0 0 rg BT 531.90 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 542.52 90.60 Td (them ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (may ) Tj ET Q q 0 0 0 rg BT 68.54 78.60 Td (be ) Tj ET Q q 0 0 0 rg BT 79.80 78.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 109.95 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.10 78.60 Td (denied. ) Tj ET Q q 0 0 0 rg BT 151.08 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.50 78.60 Td (A) Tj ET Q q 0 0 0 rg BT 159.17 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 160.99 78.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 205.02 78.60 Td (disruption ) Tj ET Q q 0 0 0 rg BT 247.40 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 257.00 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.04 78.60 Td (availability ) Tj ET Q q 0 0 0 rg BT 317.84 78.60 Td (of, ) Tj ET Q q 0 0 0 rg BT 330.49 78.60 Td (and ) Tj ET Q q 0 0 0 rg BT 346.75 78.60 Td (access ) Tj ET Q q 0 0 0 rg BT 374.11 78.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 386.21 78.60 Td (these ) Tj ET Q q 0 0 0 rg BT 408.58 78.60 Td (transportation ) Tj ET Q q 0 0 0 rg BT 465.94 78.60 Td (lines ) Tj ET Q q 0 0 0 rg BT 486.65 78.60 Td (or ) Tj ET Q q 0 0 0 rg BT 496.80 78.60 Td (other ) Tj ET Q q 0 0 0 rg BT 519.17 78.60 Td (production ) Tj ET Q endstream endobj 59 0 obj <> endobj 60 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (facilities ) Tj ET Q q 0 0 0 rg BT 86.34 726.60 Td (could ) Tj ET Q q 0 0 0 rg BT 110.96 726.60 Td (adversely ) Tj ET Q q 0 0 0 rg BT 151.69 726.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 181.31 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 197.05 726.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 225.01 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.19 726.60 Td (deliver ) Tj ET Q q 0 0 0 rg BT 265.37 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.55 726.60 Td (market ) Tj ET Q q 0 0 0 rg BT 305.73 726.60 Td (or ) Tj ET Q q 0 0 0 rg BT 316.46 726.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 351.08 726.60 Td (our ) Tj ET Q q 0 0 0 rg BT 366.82 726.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 379.78 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.63 726.60 Td (thereby ) Tj ET Q q 0 0 0 rg BT 429.03 726.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 453.64 726.60 Td (a ) Tj ET Q q 0 0 0 rg BT 460.49 726.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 505.11 726.60 Td (interruption ) Tj ET Q q 0 0 0 rg BT 554.73 726.60 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 714.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (Our) Tj ET Q q 0 0 0 rg BT 67.10 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 69.60 690.60 Td (pr) Tj ET Q q 0 0 0 rg BT 79.42 690.60 Td (oduction ) Tj ET Q q 0 0 0 rg BT 119.15 690.60 Td (will ) Tj ET Q q 0 0 0 rg BT 137.21 690.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 169.70 690.60 Td (if ) Tj ET Q q 0 0 0 rg BT 178.31 690.60 Td (our) Tj ET Q q 0 0 0 rg BT 193.13 690.60 Td ( ) Tj ET Q q 0 0 0 rg BT 195.63 690.60 Td (access ) Tj ET Q q 0 0 0 rg BT 224.23 690.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.06 690.60 Td (sufficient ) Tj ET Q q 0 0 0 rg BT 277.00 690.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 316.17 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 327.00 690.60 Td (carbon ) Tj ET Q q 0 0 0 rg BT 359.50 690.60 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 393.12 690.60 Td (is ) Tj ET Q q 0 0 0 rg BT 402.29 690.60 Td (limited.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 666.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.72 666.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 125.83 666.60 Td (strategy ) Tj ET Q q 0 0 0 rg BT 159.15 666.60 Td (is ) Tj ET Q q 0 0 0 rg BT 167.50 666.60 Td (primarily ) Tj ET Q q 0 0 0 rg BT 206.38 666.60 Td (focused ) Tj ET Q q 0 0 0 rg BT 239.15 666.60 Td (on ) Tj ET Q q 0 0 0 rg BT 250.82 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 265.82 666.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 279.71 665.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.96 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 284.63 666.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 315.18 666.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 351.83 666.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 397.65 666.60 Td ( ) Tj ET Q q 0 0 0 rg BT 399.20 666.60 Td (The ) Tj ET Q q 0 0 0 rg BT 416.42 666.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 440.30 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 452.53 666.60 Td (production ) Tj ET Q q 0 0 0 rg BT 497.52 666.60 Td (from ) Tj ET Q q 0 0 0 rg BT 518.63 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 533.63 666.60 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.89 654.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 122.96 654.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 161.65 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 172.84 654.60 Td (lar) Tj ET Q q 0 0 0 rg BT 183.21 654.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 196.06 654.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 217.52 654.60 Td (on ) Tj ET Q q 0 0 0 rg BT 230.94 654.60 Td (having ) Tj ET Q q 0 0 0 rg BT 261.57 654.60 Td (access ) Tj ET Q q 0 0 0 rg BT 290.52 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 301.72 654.60 Td (suf) Tj ET Q q 0 0 0 rg BT 313.76 654.60 Td (ficient ) Tj ET Q q 0 0 0 rg BT 342.72 654.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 380.02 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 391.76 654.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 430.72 654.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 472.45 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.31 654.60 Td (industrial-sourced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 642.60 Td (.Our ) Tj ET Q q 0 0 0 rg BT 91.55 642.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 118.95 642.60 Td (to ) Tj ET Q q 0 0 0 rg BT 128.58 642.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 162.64 642.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 175.05 642.60 Td (from ) Tj ET Q q 0 0 0 rg BT 196.34 642.60 Td (these ) Tj ET Q q 0 0 0 rg BT 218.74 642.60 Td (projects ) Tj ET Q q 0 0 0 rg BT 252.25 642.60 Td (would ) Tj ET Q q 0 0 0 rg BT 279.10 642.60 Td (be ) Tj ET Q q 0 0 0 rg BT 290.40 642.60 Td (hindered ) Tj ET Q q 0 0 0 rg BT 327.23 642.60 Td (if ) Tj ET Q q 0 0 0 rg BT 335.20 642.60 Td (our ) Tj ET Q q 0 0 0 rg BT 350.38 642.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 378.90 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 389.08 642.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 402.98 641.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.23 642.60 Td ( ) Tj ET Q q 0 0 0 rg BT 408.08 642.60 Td (was ) Tj ET Q q 0 0 0 rg BT 425.48 642.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 455.67 642.60 Td (due ) Tj ET Q q 0 0 0 rg BT 471.96 642.60 Td (to, ) Tj ET Q q 0 0 0 rg BT 484.09 642.60 Td (among ) Tj ET Q q 0 0 0 rg BT 513.16 642.60 Td (other ) Tj ET Q q 0 0 0 rg BT 535.56 642.60 Td (things, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (problems ) Tj ET Q q 0 0 0 rg BT 89.26 630.60 Td (with ) Tj ET Q q 0 0 0 rg BT 109.59 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 125.47 630.60 Td (current ) Tj ET Q q 0 0 0 rg BT 156.33 630.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 170.22 629.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.47 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 176.02 630.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 219.12 630.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 242.77 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.76 630.60 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 299.23 630.60 Td (including ) Tj ET Q q 0 0 0 rg BT 339.56 630.60 Td (compression ) Tj ET Q q 0 0 0 rg BT 392.65 630.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 439.91 630.60 Td (catastrophic ) Tj ET Q q 0 0 0 rg BT 490.77 630.60 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 525.53 630.60 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.17 630.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 66.23 618.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 95.18 618.60 Td (to ) Tj ET Q q 0 0 0 rg BT 106.36 618.60 Td (economically ) Tj ET Q q 0 0 0 rg BT 163.63 618.60 Td (purchase ) Tj ET Q q 0 0 0 rg BT 202.56 618.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 216.46 617.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.71 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 223.10 618.60 Td (from ) Tj ET Q q 0 0 0 rg BT 245.94 618.60 Td (industrial ) Tj ET Q q 0 0 0 rg BT 287.12 618.60 Td (sources.) Tj ET Q q 0 0 0 rg BT 324.43 618.60 Td (This ) Tj ET Q q 0 0 0 rg BT 345.60 618.60 Td (could ) Tj ET Q q 0 0 0 rg BT 371.22 618.60 Td (have ) Tj ET Q q 0 0 0 rg BT 393.50 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 401.34 618.60 Td (material ) Tj ET Q q 0 0 0 rg BT 437.50 618.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 471.43 618.60 Td (ef) Tj ET Q q 0 0 0 rg BT 479.02 618.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 497.41 618.60 Td (on ) Tj ET Q q 0 0 0 rg BT 510.81 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 527.54 618.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (condition, ) Tj ET Q q 0 0 0 rg BT 91.17 606.60 Td (results ) Tj ET Q q 0 0 0 rg BT 118.67 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 128.39 606.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 171.44 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 187.28 606.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.44 606.60 Td (flows. ) Tj ET Q q 0 0 0 rg BT 232.55 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 233.95 606.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 250.89 606.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 296.16 606.60 Td (future ) Tj ET Q q 0 0 0 rg BT 321.43 606.60 Td (crude ) Tj ET Q q 0 0 0 rg BT 345.03 606.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 356.98 606.60 Td (production ) Tj ET Q q 0 0 0 rg BT 401.70 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 422.53 606.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 452.80 606.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 495.85 606.60 Td (is ) Tj ET Q q 0 0 0 rg BT 503.91 606.60 Td (also ) Tj ET Q q 0 0 0 rg BT 521.41 606.60 Td (dependent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 62.25 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 594.60 Td (timing, ) Tj ET Q q 0 0 0 rg BT 108.58 594.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 145.22 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 162.41 594.60 Td (location ) Tj ET Q q 0 0 0 rg BT 197.37 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 208.45 594.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 222.34 593.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.59 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 228.34 594.60 Td (injections ) Tj ET Q q 0 0 0 rg BT 269.97 594.60 Td (and, ) Tj ET Q q 0 0 0 rg BT 289.66 594.60 Td (in ) Tj ET Q q 0 0 0 rg BT 300.19 594.60 Td (particular) Tj ET Q q 0 0 0 rg BT 338.10 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 343.35 594.60 Td (on ) Tj ET Q q 0 0 0 rg BT 356.10 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 372.18 594.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 400.49 594.60 Td (to ) Tj ET Q q 0 0 0 rg BT 411.02 594.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 446.52 594.60 Td (our ) Tj ET Q q 0 0 0 rg BT 462.60 594.60 Td (combined ) Tj ET Q q 0 0 0 rg BT 504.78 594.60 Td (purchased ) Tj ET Q q 0 0 0 rg BT 548.07 594.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (produced ) Tj ET Q q 0 0 0 rg BT 89.35 582.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 125.88 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 136.86 582.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 150.75 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.00 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 156.65 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 173.73 582.60 Td (inject ) Tj ET Q q 0 0 0 rg BT 198.59 582.60 Td (adequate ) Tj ET Q q 0 0 0 rg BT 236.77 582.60 Td (amounts ) Tj ET Q q 0 0 0 rg BT 273.30 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 284.27 582.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 298.17 581.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.42 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 304.06 582.60 Td (into ) Tj ET Q q 0 0 0 rg BT 322.26 582.60 Td (the ) Tj ET Q q 0 0 0 rg BT 337.13 582.60 Td (proper ) Tj ET Q q 0 0 0 rg BT 365.87 582.60 Td (formation ) Tj ET Q q 0 0 0 rg BT 407.95 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 425.03 582.60 Td (area ) Tj ET Q q 0 0 0 rg BT 444.32 582.60 Td (within ) Tj ET Q q 0 0 0 rg BT 472.53 582.60 Td (each ) Tj ET Q q 0 0 0 rg BT 493.49 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 504.46 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 520.44 582.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.96 582.60 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (The ) Tj ET Q q 0 0 0 rg BT 84.96 546.60 Td (development ) Tj ET Q q 0 0 0 rg BT 138.53 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 148.78 546.60 Td (our ) Tj ET Q q 0 0 0 rg BT 164.03 546.60 Td (naturally ) Tj ET Q q 0 0 0 rg BT 201.49 546.60 Td (occurring ) Tj ET Q q 0 0 0 rg BT 241.72 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 255.61 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.86 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 260.78 546.60 Td (sources ) Tj ET Q q 0 0 0 rg BT 292.69 546.60 Td (involves ) Tj ET Q q 0 0 0 rg BT 328.49 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 342.63 546.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 373.99 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.24 546.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 407.27 546.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.96 546.60 Td (increase ) Tj ET Q q 0 0 0 rg BT 451.63 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 467.99 546.60 Td (extend ) Tj ET Q q 0 0 0 rg BT 496.56 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 510.70 546.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 524.59 545.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.84 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 529.76 546.60 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (available ) Tj ET Q q 0 0 0 rg BT 88.48 534.60 Td (for ) Tj ET Q q 0 0 0 rg BT 103.04 534.60 Td (use ) Tj ET Q q 0 0 0 rg BT 119.26 534.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.93 534.60 Td (our ) Tj ET Q q 0 0 0 rg BT 146.15 534.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 177.92 534.60 Td (fields. ) Tj ET Q q 0 0 0 rg BT 205.53 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 208.21 534.60 Td (These ) Tj ET Q q 0 0 0 rg BT 234.98 534.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 267.32 534.60 Td (activities ) Tj ET Q q 0 0 0 rg BT 306.31 534.60 Td (are ) Tj ET Q q 0 0 0 rg BT 321.41 534.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 352.63 534.60 Td (to ) Tj ET Q q 0 0 0 rg BT 363.30 534.60 Td (many ) Tj ET Q q 0 0 0 rg BT 388.41 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 399.63 534.60 Td (the ) Tj ET Q q 0 0 0 rg BT 414.74 534.60 Td (same ) Tj ET Q q 0 0 0 rg BT 438.18 534.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 470.52 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 487.85 534.60 Td (geological ) Tj ET Q q 0 0 0 rg BT 532.39 534.60 Td (risks ) Tj ET Q q 0 0 0 rg BT 554.18 534.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.60 Td (drilling ) Tj ET Q q 0 0 0 rg BT 82.00 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 99.50 522.60 Td (producing ) Tj ET Q q 0 0 0 rg BT 143.11 522.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 156.73 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 174.23 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 190.62 522.60 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.79 522.60 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 233.95 522.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 249.79 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 267.85 522.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 300.36 522.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 317.32 522.60 Td (development ) Tj ET Q q 0 0 0 rg BT 370.91 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 388.97 522.60 Td (pr) Tj ET Q q 0 0 0 rg BT 397.49 522.60 Td (oducing ) Tj ET Q q 0 0 0 rg BT 432.77 522.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 478.61 522.60 Td (involve ) Tj ET Q q 0 0 0 rg BT 510.54 522.60 Td (various ) Tj ET Q q 0 0 0 rg BT 543.61 522.60 Td (risks) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 522.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.60 Td (above\). ) Tj ET Q q 0 0 0 rg BT 80.80 510.60 Td ( ) Tj ET Q q 0 0 0 rg BT 82.40 510.60 Td (Furthermore, ) Tj ET Q q 0 0 0 rg BT 136.48 510.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 162.50 510.60 Td (market ) Tj ET Q q 0 0 0 rg BT 191.86 510.60 Td (conditions ) Tj ET Q q 0 0 0 rg BT 235.13 510.60 Td (may ) Tj ET Q q 0 0 0 rg BT 253.94 510.60 Td (cause ) Tj ET Q q 0 0 0 rg BT 277.74 510.60 Td (the ) Tj ET Q q 0 0 0 rg BT 291.56 510.60 Td (delay ) Tj ET Q q 0 0 0 rg BT 314.81 510.60 Td (or ) Tj ET Q q 0 0 0 rg BT 324.73 510.60 Td (cancellation ) Tj ET Q q 0 0 0 rg BT 374.64 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.56 510.60 Td (construction ) Tj ET Q q 0 0 0 rg BT 435.59 510.60 Td (of ) Tj ET Q q 0 0 0 rg BT 445.52 510.60 Td (plants ) Tj ET Q q 0 0 0 rg BT 471.00 510.60 Td (that ) Tj ET Q q 0 0 0 rg BT 487.60 510.60 Td (produce ) Tj ET Q q 0 0 0 rg BT 521.40 510.60 Td (industrial-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (source ) Tj ET Q q 0 0 0 rg BT 78.42 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 92.31 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.56 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 98.37 498.60 Td (as ) Tj ET Q q 0 0 0 rg BT 109.52 498.60 Td (a ) Tj ET Q q 0 0 0 rg BT 116.77 498.60 Td (byproduct ) Tj ET Q q 0 0 0 rg BT 160.14 498.60 Td (that ) Tj ET Q q 0 0 0 rg BT 177.95 498.60 Td (we ) Tj ET Q q 0 0 0 rg BT 192.43 498.60 Td (can ) Tj ET Q q 0 0 0 rg BT 209.12 498.60 Td (purchase, ) Tj ET Q q 0 0 0 rg BT 249.97 498.60 Td (thus ) Tj ET Q q 0 0 0 rg BT 269.46 498.60 Td (limiting ) Tj ET Q q 0 0 0 rg BT 303.94 498.60 Td (the ) Tj ET Q q 0 0 0 rg BT 318.98 498.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 351.79 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 362.94 498.60 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 432.95 498.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 446.85 497.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.10 498.60 Td ( ) Tj ET Q q 0 0 0 rg BT 452.91 498.60 Td (available ) Tj ET Q q 0 0 0 rg BT 491.82 498.60 Td (for ) Tj ET Q q 0 0 0 rg BT 506.29 498.60 Td (our ) Tj ET Q q 0 0 0 rg BT 522.44 498.60 Td (use ) Tj ET Q q 0 0 0 rg BT 538.59 498.60 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 498.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.60 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 80.87 486.60 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 462.60 Td (W) Tj ET Q q 0 0 0 rg BT 58.95 462.60 Td (e ) Tj ET Q q 0 0 0 rg BT 65.78 462.60 Td (may ) Tj ET Q q 0 0 0 rg BT 86.50 462.60 Td (lose ) Tj ET Q q 0 0 0 rg BT 105.00 462.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 146.82 462.60 Td (officers, ) Tj ET Q q 0 0 0 rg BT 183.35 462.60 Td (key ) Tj ET Q q 0 0 0 rg BT 200.74 462.60 Td (management ) Tj ET Q q 0 0 0 rg BT 258.13 462.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 302.19 462.60 Td (or) Tj ET Q q 0 0 0 rg BT 311.45 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 313.84 462.60 Td (other) Tj ET Q q 0 0 0 rg BT 336.42 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.82 462.60 Td (talented ) Tj ET Q q 0 0 0 rg BT 375.65 462.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 424.42 462.60 Td (which ) Tj ET Q q 0 0 0 rg BT 452.37 462.60 Td (could ) Tj ET Q q 0 0 0 rg BT 478.10 462.60 Td (endanger) Tj ET Q q 0 0 0 rg BT 517.92 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 520.31 462.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.03 462.60 Td (futur) Tj ET Q q 0 0 0 rg BT 558.07 462.60 Td (e ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 450.60 Td (success ) Tj ET Q q 0 0 0 rg BT 82.55 450.60 Td (of ) Tj ET Q q 0 0 0 rg BT 93.38 450.60 Td (our) Tj ET Q q 0 0 0 rg BT 108.20 450.60 Td ( ) Tj ET Q q 0 0 0 rg BT 110.70 450.60 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 87.25 426.60 Td (success ) Tj ET Q q 0 0 0 rg BT 121.45 426.60 Td (depends ) Tj ET Q q 0 0 0 rg BT 158.42 426.60 Td (to ) Tj ET Q q 0 0 0 rg BT 170.40 426.60 Td (a ) Tj ET Q q 0 0 0 rg BT 179.04 426.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 225.45 426.60 Td (degree ) Tj ET Q q 0 0 0 rg BT 256.30 426.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 280.50 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 296.92 426.60 Td (continued ) Tj ET Q q 0 0 0 rg BT 340.56 426.60 Td (contributions ) Tj ET Q q 0 0 0 rg BT 397.53 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 410.06 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 427.60 426.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 470.11 426.60 Td (of) Tj ET Q q 0 0 0 rg BT 478.26 426.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 504.67 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 523.31 426.60 Td (other ) Tj ET Q q 0 0 0 rg BT 548.06 426.60 Td (key ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (management ) Tj ET Q q 0 0 0 rg BT 103.94 414.60 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 148.67 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 152.02 414.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 170.92 414.60 Td (employees, ) Tj ET Q q 0 0 0 rg BT 219.54 414.60 Td (including ) Tj ET Q q 0 0 0 rg BT 260.66 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 277.34 414.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 319.00 414.60 Td (of) Tj ET Q q 0 0 0 rg BT 327.15 414.60 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 355.21 414.60 Td (are ) Tj ET Q q 0 0 0 rg BT 370.77 414.60 Td (employed ) Tj ET Q q 0 0 0 rg BT 413.55 414.60 Td (at ) Tj ET Q q 0 0 0 rg BT 424.12 414.60 Td (will ) Tj ET Q q 0 0 0 rg BT 443.03 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 460.82 414.60 Td (do ) Tj ET Q q 0 0 0 rg BT 474.17 414.60 Td (not ) Tj ET Q q 0 0 0 rg BT 490.30 414.60 Td (have ) Tj ET Q q 0 0 0 rg BT 512.53 414.60 Td (employment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 99.62 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 101.71 402.60 Td (If ) Tj ET Q q 0 0 0 rg BT 110.46 402.60 Td (one ) Tj ET Q q 0 0 0 rg BT 126.99 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 137.41 402.60 Td (more ) Tj ET Q q 0 0 0 rg BT 160.05 402.60 Td (members ) Tj ET Q q 0 0 0 rg BT 198.79 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 209.21 402.60 Td (our ) Tj ET Q q 0 0 0 rg BT 224.63 402.60 Td (management ) Tj ET Q q 0 0 0 rg BT 277.81 402.60 Td (team ) Tj ET Q q 0 0 0 rg BT 299.33 402.60 Td (dies, ) Tj ET Q q 0 0 0 rg BT 320.03 402.60 Td (becomes ) Tj ET Q q 0 0 0 rg BT 357.11 402.60 Td (disabled ) Tj ET Q q 0 0 0 rg BT 392.52 402.60 Td (or ) Tj ET Q q 0 0 0 rg BT 402.94 402.60 Td (voluntarily ) Tj ET Q q 0 0 0 rg BT 448.91 402.60 Td (terminates ) Tj ET Q q 0 0 0 rg BT 492.65 402.60 Td (employment ) Tj ET Q q 0 0 0 rg BT 544.73 402.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (us, ) Tj ET Q q 0 0 0 rg BT 63.05 390.60 Td (there ) Tj ET Q q 0 0 0 rg BT 85.19 390.60 Td (is ) Tj ET Q q 0 0 0 rg BT 94.01 390.60 Td (no ) Tj ET Q q 0 0 0 rg BT 106.17 390.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 147.19 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 164.34 390.60 Td (we ) Tj ET Q q 0 0 0 rg BT 178.16 390.60 Td (will ) Tj ET Q q 0 0 0 rg BT 195.87 390.60 Td (find ) Tj ET Q q 0 0 0 rg BT 214.14 390.60 Td (a ) Tj ET Q q 0 0 0 rg BT 220.73 390.60 Td (suitable ) Tj ET Q q 0 0 0 rg BT 253.99 390.60 Td (or ) Tj ET Q q 0 0 0 rg BT 264.48 390.60 Td (comparable ) Tj ET Q q 0 0 0 rg BT 313.27 390.60 Td (substitute. ) Tj ET Q q 0 0 0 rg BT 356.26 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 358.26 390.60 Td (W) Tj ET Q q 0 0 0 rg BT 366.90 390.60 Td (e ) Tj ET Q q 0 0 0 rg BT 373.49 390.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 404.52 390.60 Td (that ) Tj ET Q q 0 0 0 rg BT 421.67 390.60 Td (our ) Tj ET Q q 0 0 0 rg BT 437.16 390.60 Td (future ) Tj ET Q q 0 0 0 rg BT 463.19 390.60 Td (success ) Tj ET Q q 0 0 0 rg BT 495.34 390.60 Td (depends, ) Tj ET Q q 0 0 0 rg BT 532.76 390.60 Td (in ) Tj ET Q q 0 0 0 rg BT 542.70 390.60 Td (lar) Tj ET Q q 0 0 0 rg BT 553.06 390.60 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (part, ) Tj ET Q q 0 0 0 rg BT 69.49 378.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 91.43 378.60 Td (our ) Tj ET Q q 0 0 0 rg BT 106.70 378.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 134.19 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 143.91 378.60 Td (hire ) Tj ET Q q 0 0 0 rg BT 161.39 378.60 Td (and ) Tj ET Q q 0 0 0 rg BT 177.77 378.60 Td (retain ) Tj ET Q q 0 0 0 rg BT 202.48 378.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 229.97 378.60 Td (skilled ) Tj ET Q q 0 0 0 rg BT 258.58 378.60 Td (managerial ) Tj ET Q q 0 0 0 rg BT 304.94 378.60 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 348.25 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 350.19 378.60 Td (Historically) Tj ET Q q 0 0 0 rg BT 396.76 378.60 Td (, ) Tj ET Q q 0 0 0 rg BT 401.20 378.60 Td (a ) Tj ET Q q 0 0 0 rg BT 407.57 378.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.73 378.60 Td (portion ) Tj ET Q q 0 0 0 rg BT 482.55 378.60 Td (of ) Tj ET Q q 0 0 0 rg BT 492.82 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.98 378.60 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.60 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.80 366.60 Td (to ) Tj ET Q q 0 0 0 rg BT 80.67 366.60 Td (our ) Tj ET Q q 0 0 0 rg BT 97.09 366.60 Td (executive ) Tj ET Q q 0 0 0 rg BT 138.49 366.60 Td (of) Tj ET Q q 0 0 0 rg BT 146.63 366.60 Td (ficers ) Tj ET Q q 0 0 0 rg BT 171.93 366.60 Td (and ) Tj ET Q q 0 0 0 rg BT 189.46 366.60 Td (key ) Tj ET Q q 0 0 0 rg BT 206.98 366.60 Td (management ) Tj ET Q q 0 0 0 rg BT 261.16 366.60 Td (personnel ) Tj ET Q q 0 0 0 rg BT 303.12 366.60 Td (has ) Tj ET Q q 0 0 0 rg BT 319.54 366.60 Td (been ) Tj ET Q q 0 0 0 rg BT 341.50 366.60 Td (through ) Tj ET Q q 0 0 0 rg BT 375.70 366.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 418.22 366.60 Td (grants ) Tj ET Q q 0 0 0 rg BT 445.75 366.60 Td (of ) Tj ET Q q 0 0 0 rg BT 457.16 366.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 499.14 366.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 523.33 366.60 Td (under ) Tj ET Q q 0 0 0 rg BT 549.19 366.60 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (2004 ) Tj ET Q q 0 0 0 rg BT 72.94 354.60 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 113.06 354.60 Td (Stock ) Tj ET Q q 0 0 0 rg BT 139.28 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 157.16 354.60 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 197.81 354.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 219.03 354.60 Td (\(the ) Tj ET Q q 0 0 0 rg BT 238.02 354.60 Td (2004 ) Tj ET Q q 0 0 0 rg BT 265.90 354.60 Td (Plan\). ) Tj ET Q q 0 0 0 rg BT 297.39 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.84 354.60 Td (If ) Tj ET Q q 0 0 0 rg BT 310.94 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 326.60 354.60 Td (shares ) Tj ET Q q 0 0 0 rg BT 355.04 354.60 Td (reserved ) Tj ET Q q 0 0 0 rg BT 392.35 354.60 Td (under ) Tj ET Q q 0 0 0 rg BT 418.56 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 434.22 354.60 Td (2004 ) Tj ET Q q 0 0 0 rg BT 457.66 354.60 Td (Plan ) Tj ET Q q 0 0 0 rg BT 478.89 354.60 Td (are ) Tj ET Q q 0 0 0 rg BT 494.54 354.60 Td (depleted ) Tj ET Q q 0 0 0 rg BT 531.85 354.60 Td (and ) Tj ET Q q 0 0 0 rg BT 549.74 354.60 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.60 Td (replenished, ) Tj ET Q q 0 0 0 rg BT 100.04 342.60 Td (we ) Tj ET Q q 0 0 0 rg BT 113.66 342.60 Td (may ) Tj ET Q q 0 0 0 rg BT 132.82 342.60 Td (be ) Tj ET Q q 0 0 0 rg BT 144.21 342.60 Td (forced ) Tj ET Q q 0 0 0 rg BT 171.70 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 181.43 342.60 Td (eliminate ) Tj ET Q q 0 0 0 rg BT 220.59 342.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 261.97 342.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 288.92 342.60 Td (grants, ) Tj ET Q q 0 0 0 rg BT 317.81 342.60 Td (which ) Tj ET Q q 0 0 0 rg BT 344.19 342.60 Td (would ) Tj ET Q q 0 0 0 rg BT 371.15 342.60 Td (negatively ) Tj ET Q q 0 0 0 rg BT 414.75 342.60 Td (impact ) Tj ET Q q 0 0 0 rg BT 443.91 342.60 Td (our ) Tj ET Q q 0 0 0 rg BT 459.19 342.60 Td (ability ) Tj ET Q q 0 0 0 rg BT 486.69 342.60 Td (to ) Tj ET Q q 0 0 0 rg BT 496.42 342.60 Td (attract ) Tj ET Q q 0 0 0 rg BT 523.35 342.60 Td (and ) Tj ET Q q 0 0 0 rg BT 539.74 342.60 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.60 Td (highly ) Tj ET Q q 0 0 0 rg BT 77.36 330.60 Td (skilled ) Tj ET Q q 0 0 0 rg BT 106.32 330.60 Td (managerial ) Tj ET Q q 0 0 0 rg BT 153.04 330.60 Td (personnel. ) Tj ET Q q 0 0 0 rg BT 196.71 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 199.01 330.60 Td (Replacing ) Tj ET Q q 0 0 0 rg BT 241.85 330.60 Td (long-term ) Tj ET Q q 0 0 0 rg BT 283.58 330.60 Td (equity ) Tj ET Q q 0 0 0 rg BT 310.88 330.60 Td (grants ) Tj ET Q q 0 0 0 rg BT 337.62 330.60 Td (with ) Tj ET Q q 0 0 0 rg BT 357.69 330.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 377.76 330.60 Td (compensation ) Tj ET Q q 0 0 0 rg BT 435.60 330.60 Td (would ) Tj ET Q q 0 0 0 rg BT 462.90 330.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 491.84 330.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.36 330.60 Td (cash ) Tj ET Q q 0 0 0 rg BT 526.43 330.60 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 59.45 318.60 Td (fund ) Tj ET Q q 0 0 0 rg BT 79.94 318.60 Td (capital ) Tj ET Q q 0 0 0 rg BT 108.76 318.60 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 164.52 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 166.21 318.60 Td (Additionally) Tj ET Q q 0 0 0 rg BT 216.12 318.60 Td (, ) Tj ET Q q 0 0 0 rg BT 220.78 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 230.73 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 237.34 318.60 Td (low ) Tj ET Q q 0 0 0 rg BT 254.50 318.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 267.23 318.60 Td (price ) Tj ET Q q 0 0 0 rg BT 289.38 318.60 Td (environment, ) Tj ET Q q 0 0 0 rg BT 344.59 318.60 Td (we ) Tj ET Q q 0 0 0 rg BT 358.42 318.60 Td (could ) Tj ET Q q 0 0 0 rg BT 382.81 318.60 Td (be ) Tj ET Q q 0 0 0 rg BT 394.41 318.60 Td (susceptible ) Tj ET Q q 0 0 0 rg BT 441.01 318.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.96 318.60 Td (losing ) Tj ET Q q 0 0 0 rg BT 477.58 318.60 Td (talented ) Tj ET Q q 0 0 0 rg BT 511.39 318.60 Td (non-industry ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (professionals ) Tj ET Q q 0 0 0 rg BT 104.79 306.60 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 127.58 306.60 Td (accountants, ) Tj ET Q q 0 0 0 rg BT 179.80 306.60 Td (attorneys ) Tj ET Q q 0 0 0 rg BT 218.98 306.60 Td (and ) Tj ET Q q 0 0 0 rg BT 235.94 306.60 Td (human ) Tj ET Q q 0 0 0 rg BT 265.68 306.60 Td (resources ) Tj ET Q q 0 0 0 rg BT 305.96 306.60 Td (personnel\). ) Tj ET Q q 0 0 0 rg BT 353.18 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 355.70 306.60 Td (Competition ) Tj ET Q q 0 0 0 rg BT 408.23 306.60 Td (for ) Tj ET Q q 0 0 0 rg BT 422.41 306.60 Td (persons ) Tj ET Q q 0 0 0 rg BT 455.48 306.60 Td (with ) Tj ET Q q 0 0 0 rg BT 475.78 306.60 Td (these ) Tj ET Q q 0 0 0 rg BT 498.85 306.60 Td (skills ) Tj ET Q q 0 0 0 rg BT 522.49 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 531.68 306.60 Td (intense, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 294.60 Td (there ) Tj ET Q q 0 0 0 rg BT 88.92 294.60 Td (is ) Tj ET Q q 0 0 0 rg BT 98.09 294.60 Td (no ) Tj ET Q q 0 0 0 rg BT 110.59 294.60 Td (assurance ) Tj ET Q q 0 0 0 rg BT 151.96 294.60 Td (that ) Tj ET Q q 0 0 0 rg BT 169.46 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 183.62 294.60 Td (will ) Tj ET Q q 0 0 0 rg BT 201.67 294.60 Td (be ) Tj ET Q q 0 0 0 rg BT 213.61 294.60 Td (successful ) Tj ET Q q 0 0 0 rg BT 257.21 294.60 Td (in ) Tj ET Q q 0 0 0 rg BT 267.49 294.60 Td (attracting ) Tj ET Q q 0 0 0 rg BT 307.75 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 324.69 294.60 Td (retaining ) Tj ET Q q 0 0 0 rg BT 362.73 294.60 Td (such ) Tj ET Q q 0 0 0 rg BT 383.56 294.60 Td (skilled ) Tj ET Q q 0 0 0 rg BT 412.72 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 429.66 294.60 Td (talented ) Tj ET Q q 0 0 0 rg BT 463.81 294.60 Td (personnel.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.60 Td (Governmental ) Tj ET Q q 0 0 0 rg BT 113.66 270.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 135.05 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 153.67 270.60 Td (r) Tj ET Q q 0 0 0 rg BT 157.93 270.60 Td (egulations ) Tj ET Q q 0 0 0 rg BT 203.77 270.60 Td (r) Tj ET Q q 0 0 0 rg BT 208.03 270.60 Td (elating ) Tj ET Q q 0 0 0 rg BT 239.41 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 250.24 270.60 Td (envir) Tj ET Q q 0 0 0 rg BT 272.28 270.60 Td (onmental ) Tj ET Q q 0 0 0 rg BT 314.78 270.60 Td (pr) Tj ET Q q 0 0 0 rg BT 324.60 270.60 Td (otection ) Tj ET Q q 0 0 0 rg BT 360.97 270.60 Td (ar) Tj ET Q q 0 0 0 rg BT 370.23 270.60 Td (e ) Tj ET Q q 0 0 0 rg BT 377.17 270.60 Td (costly ) Tj ET Q q 0 0 0 rg BT 404.11 270.60 Td (and ) Tj ET Q q 0 0 0 rg BT 422.73 270.60 Td (stringent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.35 246.60 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 135.69 246.60 Td (production, ) Tj ET Q q 0 0 0 rg BT 183.81 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 200.55 246.60 Td (marketing ) Tj ET Q q 0 0 0 rg BT 243.39 246.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 287.34 246.60 Td (are ) Tj ET Q q 0 0 0 rg BT 301.84 246.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 332.47 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 342.54 246.60 Td (complex ) Tj ET Q q 0 0 0 rg BT 379.27 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.01 246.60 Td (stringent ) Tj ET Q q 0 0 0 rg BT 433.30 246.60 Td (federal, ) Tj ET Q q 0 0 0 rg BT 465.85 246.60 Td (state, ) Tj ET Q q 0 0 0 rg BT 488.97 246.60 Td (and ) Tj ET Q q 0 0 0 rg BT 505.71 246.60 Td (local ) Tj ET Q q 0 0 0 rg BT 527.44 246.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 548.07 246.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.86 234.60 Td (governing, ) Tj ET Q q 0 0 0 rg BT 140.84 234.60 Td (among ) Tj ET Q q 0 0 0 rg BT 169.98 234.60 Td (other ) Tj ET Q q 0 0 0 rg BT 192.46 234.60 Td (things, ) Tj ET Q q 0 0 0 rg BT 221.33 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.48 234.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 264.17 234.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 275.54 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 285.80 234.60 Td (substances ) Tj ET Q q 0 0 0 rg BT 330.49 234.60 Td (into ) Tj ET Q q 0 0 0 rg BT 347.98 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 362.12 234.60 Td (environment ) Tj ET Q q 0 0 0 rg BT 414.59 234.60 Td (or ) Tj ET Q q 0 0 0 rg BT 424.85 234.60 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 465.65 234.60 Td (relating ) Tj ET Q q 0 0 0 rg BT 498.12 234.60 Td (to ) Tj ET Q q 0 0 0 rg BT 507.83 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.97 234.60 Td (protection ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 222.60 Td (human ) Tj ET Q q 0 0 0 rg BT 91.10 222.60 Td (health ) Tj ET Q q 0 0 0 rg BT 118.57 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 136.03 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.28 222.60 Td (environment, ) Tj ET Q q 0 0 0 rg BT 207.35 222.60 Td (including ) Tj ET Q q 0 0 0 rg BT 248.15 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.40 222.60 Td (protection ) Tj ET Q q 0 0 0 rg BT 306.97 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 318.33 222.60 Td (endangered ) Tj ET Q q 0 0 0 rg BT 367.44 222.60 Td (species. ) Tj ET Q q 0 0 0 rg BT 401.85 222.60 Td ( ) Tj ET Q q 0 0 0 rg BT 404.66 222.60 Td (These ) Tj ET Q q 0 0 0 rg BT 431.56 222.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 452.92 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 470.39 222.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 517.85 222.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.32 222.60 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (public ) Tj ET Q q 0 0 0 rg BT 75.81 210.60 Td (policy ) Tj ET Q q 0 0 0 rg BT 102.13 210.60 Td (considerations ) Tj ET Q q 0 0 0 rg BT 161.21 210.60 Td (af) Tj ET Q q 0 0 0 rg BT 168.80 210.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 185.11 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 198.64 210.60 Td (costs, ) Tj ET Q q 0 0 0 rg BT 222.46 210.60 Td (manner) Tj ET Q q 0 0 0 rg BT 252.05 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 255.87 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 271.63 210.60 Td (feasibility ) Tj ET Q q 0 0 0 rg BT 312.94 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 322.59 210.60 Td (our ) Tj ET Q q 0 0 0 rg BT 337.24 210.60 Td (operations ) Tj ET Q q 0 0 0 rg BT 380.21 210.60 Td (and ) Tj ET Q q 0 0 0 rg BT 395.97 210.60 Td (require ) Tj ET Q q 0 0 0 rg BT 425.60 210.60 Td (us ) Tj ET Q q 0 0 0 rg BT 435.82 210.60 Td (to ) Tj ET Q q 0 0 0 rg BT 444.91 210.60 Td (make ) Tj ET Q q 0 0 0 rg BT 467.89 210.60 Td (significant ) Tj ET Q q 0 0 0 rg BT 511.42 210.60 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.96 198.60 Td (order ) Tj ET Q q 0 0 0 rg BT 83.74 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 94.19 198.60 Td (comply) Tj ET Q q 0 0 0 rg BT 123.54 198.60 Td (. ) Tj ET Q q 0 0 0 rg BT 128.72 198.60 Td ( ) Tj ET Q q 0 0 0 rg BT 131.40 198.60 Td (Failure ) Tj ET Q q 0 0 0 rg BT 162.40 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 172.86 198.60 Td (comply ) Tj ET Q q 0 0 0 rg BT 205.54 198.60 Td (with ) Tj ET Q q 0 0 0 rg BT 226.00 198.60 Td (these ) Tj ET Q q 0 0 0 rg BT 249.22 198.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 270.23 198.60 Td (and ) Tj ET Q q 0 0 0 rg BT 287.35 198.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 334.46 198.60 Td (may ) Tj ET Q q 0 0 0 rg BT 354.36 198.60 Td (result ) Tj ET Q q 0 0 0 rg BT 379.26 198.60 Td (in ) Tj ET Q q 0 0 0 rg BT 389.71 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 404.61 198.60 Td (assessment ) Tj ET Q q 0 0 0 rg BT 451.73 198.60 Td (of ) Tj ET Q q 0 0 0 rg BT 462.74 198.60 Td (administrative, ) Tj ET Q q 0 0 0 rg BT 525.13 198.60 Td (civil, ) Tj ET Q q 0 0 0 rg BT 548.08 198.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (criminal ) Tj ET Q q 0 0 0 rg BT 85.88 186.60 Td (penalties, ) Tj ET Q q 0 0 0 rg BT 126.98 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 142.26 186.60 Td (imposition ) Tj ET Q q 0 0 0 rg BT 188.10 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 199.49 186.60 Td (investigatory ) Tj ET Q q 0 0 0 rg BT 254.76 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 272.26 186.60 Td (remedial ) Tj ET Q q 0 0 0 rg BT 310.30 186.60 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 360.30 186.60 Td (and ) Tj ET Q q 0 0 0 rg BT 377.80 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 393.07 186.60 Td (issuance ) Tj ET Q q 0 0 0 rg BT 430.01 186.60 Td (of ) Tj ET Q q 0 0 0 rg BT 441.40 186.60 Td (injunctions ) Tj ET Q q 0 0 0 rg BT 488.90 186.60 Td (that ) Tj ET Q q 0 0 0 rg BT 506.95 186.60 Td (could ) Tj ET Q q 0 0 0 rg BT 532.23 186.60 Td (limit ) Tj ET Q q 0 0 0 rg BT 554.18 186.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (prohibit ) Tj ET Q q 0 0 0 rg BT 85.41 174.60 Td (our ) Tj ET Q q 0 0 0 rg BT 102.98 174.60 Td (operations. ) Tj ET Q q 0 0 0 rg BT 151.38 174.60 Td ( ) Tj ET Q q 0 0 0 rg BT 155.62 174.60 Td (In ) Tj ET Q q 0 0 0 rg BT 168.19 174.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 207.71 174.60 Td (some ) Tj ET Q q 0 0 0 rg BT 233.06 174.60 Td (of ) Tj ET Q q 0 0 0 rg BT 245.63 174.60 Td (these ) Tj ET Q q 0 0 0 rg BT 270.42 174.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 292.99 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 311.67 174.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 360.35 174.60 Td (may ) Tj ET Q q 0 0 0 rg BT 381.81 174.60 Td (impose ) Tj ET Q q 0 0 0 rg BT 414.94 174.60 Td (joint ) Tj ET Q q 0 0 0 rg BT 437.51 174.60 Td (and ) Tj ET Q q 0 0 0 rg BT 456.19 174.60 Td (several, ) Tj ET Q q 0 0 0 rg BT 491.25 174.60 Td (strict ) Tj ET Q q 0 0 0 rg BT 515.49 174.60 Td (liability ) Tj ET Q q 0 0 0 rg BT 550.84 174.60 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.60 Td (contamination ) Tj ET Q q 0 0 0 rg BT 109.32 162.60 Td (resulting ) Tj ET Q q 0 0 0 rg BT 146.94 162.60 Td (from ) Tj ET Q q 0 0 0 rg BT 168.99 162.60 Td (spills, ) Tj ET Q q 0 0 0 rg BT 195.23 162.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 223.92 162.60 Td (ges, ) Tj ET Q q 0 0 0 rg BT 242.37 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 259.43 162.60 Td (releases ) Tj ET Q q 0 0 0 rg BT 293.69 162.60 Td (of ) Tj ET Q q 0 0 0 rg BT 304.64 162.60 Td (substances, ) Tj ET Q q 0 0 0 rg BT 352.52 162.60 Td (including ) Tj ET Q q 0 0 0 rg BT 392.91 162.60 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 436.07 162.60 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 493.12 162.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.17 162.60 Td (other ) Tj ET Q q 0 0 0 rg BT 533.34 162.60 Td (wastes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (without ) Tj ET Q q 0 0 0 rg BT 82.54 150.60 Td (regard ) Tj ET Q q 0 0 0 rg BT 110.55 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 120.81 150.60 Td (fault, ) Tj ET Q q 0 0 0 rg BT 144.12 150.60 Td (or ) Tj ET Q q 0 0 0 rg BT 154.92 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 169.62 150.60 Td (legality ) Tj ET Q q 0 0 0 rg BT 202.09 150.60 Td (of ) Tj ET Q q 0 0 0 rg BT 212.90 150.60 Td (the ) Tj ET Q q 0 0 0 rg BT 227.60 150.60 Td (original ) Tj ET Q q 0 0 0 rg BT 261.18 150.60 Td (conduct. ) Tj ET Q q 0 0 0 rg BT 297.81 150.60 Td ( ) Tj ET Q q 0 0 0 rg BT 300.29 150.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 327.76 150.60 Td (such ) Tj ET Q q 0 0 0 rg BT 348.57 150.60 Td (laws ) Tj ET Q q 0 0 0 rg BT 369.38 150.60 Td (and ) Tj ET Q q 0 0 0 rg BT 386.30 150.60 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 435.71 150.60 Td (we ) Tj ET Q q 0 0 0 rg BT 449.85 150.60 Td (could ) Tj ET Q q 0 0 0 rg BT 474.55 150.60 Td (be ) Tj ET Q q 0 0 0 rg BT 486.47 150.60 Td (required ) Tj ET Q q 0 0 0 rg BT 522.26 150.60 Td (to ) Tj ET Q q 0 0 0 rg BT 532.52 150.60 Td (remove ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.39 138.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 102.37 138.60 Td (previously ) Tj ET Q q 0 0 0 rg BT 147.15 138.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 184.71 138.60 Td (substances ) Tj ET Q q 0 0 0 rg BT 230.04 138.60 Td (and ) Tj ET Q q 0 0 0 rg BT 247.04 138.60 Td (property ) Tj ET Q q 0 0 0 rg BT 283.48 138.60 Td (contamination, ) Tj ET Q q 0 0 0 rg BT 345.75 138.60 Td (including ) Tj ET Q q 0 0 0 rg BT 386.08 138.60 Td (wastes ) Tj ET Q q 0 0 0 rg BT 415.30 138.60 Td (disposed ) Tj ET Q q 0 0 0 rg BT 452.86 138.60 Td (or ) Tj ET Q q 0 0 0 rg BT 463.75 138.60 Td (released ) Tj ET Q q 0 0 0 rg BT 499.07 138.60 Td (by ) Tj ET Q q 0 0 0 rg BT 511.63 138.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 533.63 138.60 Td (owners ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.60 Td (or ) Tj ET Q q 0 0 0 rg BT 59.87 126.60 Td (operators. ) Tj ET Q q 0 0 0 rg BT 101.62 126.60 Td ( ) Tj ET Q q 0 0 0 rg BT 103.52 126.60 Td (While ) Tj ET Q q 0 0 0 rg BT 129.99 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 144.25 126.60 Td (President ) Tj ET Q q 0 0 0 rg BT 183.51 126.60 Td (has ) Tj ET Q q 0 0 0 rg BT 198.88 126.60 Td (indicated ) Tj ET Q q 0 0 0 rg BT 237.58 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 254.61 126.60 Td (his ) Tj ET Q q 0 0 0 rg BT 268.33 126.60 Td (administration ) Tj ET Q q 0 0 0 rg BT 328.14 126.60 Td (will ) Tj ET Q q 0 0 0 rg BT 345.74 126.60 Td (relax ) Tj ET Q q 0 0 0 rg BT 367.76 126.60 Td (enforcement ) Tj ET Q q 0 0 0 rg BT 419.78 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 430.15 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 446.63 126.60 Td (work ) Tj ET Q q 0 0 0 rg BT 469.23 126.60 Td (to ) Tj ET Q q 0 0 0 rg BT 479.05 126.60 Td (repeal ) Tj ET Q q 0 0 0 rg BT 505.51 126.60 Td (certain ) Tj ET Q q 0 0 0 rg BT 534.76 126.60 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (environmental ) Tj ET Q q 0 0 0 rg BT 109.29 114.60 Td (regulations ) Tj ET Q q 0 0 0 rg BT 155.76 114.60 Td (that ) Tj ET Q q 0 0 0 rg BT 172.79 114.60 Td (af) Tj ET Q q 0 0 0 rg BT 180.38 114.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 197.40 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 211.65 114.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 224.25 114.60 Td (and ) Tj ET Q q 0 0 0 rg BT 240.72 114.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 256.08 114.60 Td (industry) Tj ET Q q 0 0 0 rg BT 288.21 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 292.75 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 306.44 114.60 Td (are ) Tj ET Q q 0 0 0 rg BT 320.69 114.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 358.81 114.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 387.50 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 397.32 114.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 427.12 114.60 Td (what, ) Tj ET Q q 0 0 0 rg BT 451.09 114.60 Td (if ) Tj ET Q q 0 0 0 rg BT 459.23 114.60 Td (any) Tj ET Q q 0 0 0 rg BT 473.02 114.60 Td (, ) Tj ET Q q 0 0 0 rg BT 477.56 114.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 511.80 114.60 Td (will ) Tj ET Q q 0 0 0 rg BT 529.39 114.60 Td (be ) Tj ET Q q 0 0 0 rg BT 540.87 114.60 Td (made ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 102.60 Td (their ) Tj ET Q q 0 0 0 rg BT 81.16 102.60 Td (timing.) Tj ET Q endstream endobj 61 0 obj <> endobj 62 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (30) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 726.75 Td (Enactment ) Tj ET Q q 0 0 0 rg BT 98.66 726.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.49 726.75 Td (executive, ) Tj ET Q q 0 0 0 rg BT 153.91 726.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 198.63 726.75 Td (or) Tj ET Q q 0 0 0 rg BT 207.88 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.38 726.75 Td (r) Tj ET Q q 0 0 0 rg BT 214.64 726.75 Td (egulatory ) Tj ET Q q 0 0 0 rg BT 257.69 726.75 Td (pr) Tj ET Q q 0 0 0 rg BT 267.51 726.75 Td (oposals ) Tj ET Q q 0 0 0 rg BT 301.13 726.75 Td (under) Tj ET Q q 0 0 0 rg BT 326.51 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 329.01 726.75 Td (consideration ) Tj ET Q q 0 0 0 rg BT 389.29 726.75 Td (could ) Tj ET Q q 0 0 0 rg BT 415.13 726.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 460.96 726.75 Td (affect ) Tj ET Q q 0 0 0 rg BT 487.32 726.75 Td (our) Tj ET Q q 0 0 0 rg BT 502.14 726.75 Td ( ) Tj ET Q q 0 0 0 rg BT 504.64 726.75 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (Numerous ) Tj ET Q q 0 0 0 rg BT 113.40 702.75 Td (executive, ) Tj ET Q q 0 0 0 rg BT 158.46 702.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 203.80 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 222.49 702.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 267.82 702.75 Td (proposals ) Tj ET Q q 0 0 0 rg BT 310.40 702.75 Td (af) Tj ET Q q 0 0 0 rg BT 317.99 702.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 350.00 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 366.46 702.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 381.26 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 399.94 702.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 417.52 702.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 454.54 702.75 Td (have ) Tj ET Q q 0 0 0 rg BT 477.66 702.75 Td (been ) Tj ET Q q 0 0 0 rg BT 500.78 702.75 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 550.29 702.75 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.19 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 104.79 690.75 Td (be ) Tj ET Q q 0 0 0 rg BT 116.04 690.75 Td (introduced, ) Tj ET Q q 0 0 0 rg BT 163.13 690.75 Td (or ) Tj ET Q q 0 0 0 rg BT 173.28 690.75 Td (are ) Tj ET Q q 0 0 0 rg BT 187.31 690.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 228.00 690.75 Td (under ) Tj ET Q q 0 0 0 rg BT 252.59 690.75 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 310.79 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 322.61 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 336.64 690.75 Td (President, ) Tj ET Q q 0 0 0 rg BT 378.18 690.75 Td (Congress, ) Tj ET Q q 0 0 0 rg BT 419.72 690.75 Td (state ) Tj ET Q q 0 0 0 rg BT 439.87 690.75 Td (legislatures ) Tj ET Q q 0 0 0 rg BT 487.23 690.75 Td (and ) Tj ET Q q 0 0 0 rg BT 503.49 690.75 Td (various ) Tj ET Q q 0 0 0 rg BT 534.75 690.75 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 678.75 Td (state ) Tj ET Q q 0 0 0 rg BT 87.15 678.75 Td (agencies. ) Tj ET Q q 0 0 0 rg BT 128.84 678.75 Td (While ) Tj ET Q q 0 0 0 rg BT 155.72 678.75 Td (it ) Tj ET Q q 0 0 0 rg BT 163.72 678.75 Td (is ) Tj ET Q q 0 0 0 rg BT 172.83 678.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 211.37 678.75 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 257.68 678.75 Td (that ) Tj ET Q q 0 0 0 rg BT 275.12 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 289.78 678.75 Td (President ) Tj ET Q q 0 0 0 rg BT 329.44 678.75 Td (and ) Tj ET Q q 0 0 0 rg BT 346.33 678.75 Td (Congress ) Tj ET Q q 0 0 0 rg BT 385.99 678.75 Td (will ) Tj ET Q q 0 0 0 rg BT 403.99 678.75 Td (move ) Tj ET Q q 0 0 0 rg BT 428.65 678.75 Td (away ) Tj ET Q q 0 0 0 rg BT 452.19 678.75 Td (from ) Tj ET Q q 0 0 0 rg BT 474.08 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 488.74 678.75 Td (trend ) Tj ET Q q 0 0 0 rg BT 511.73 678.75 Td (of ) Tj ET Q q 0 0 0 rg BT 522.50 678.75 Td (proposing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (stricter ) Tj ET Q q 0 0 0 rg BT 80.09 666.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 120.68 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 137.94 666.75 Td (increasing ) Tj ET Q q 0 0 0 rg BT 181.85 666.75 Td (oversight ) Tj ET Q q 0 0 0 rg BT 221.89 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 239.15 666.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 282.52 666.75 Td (at ) Tj ET Q q 0 0 0 rg BT 292.56 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 307.60 666.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 338.17 666.75 Td (level, ) Tj ET Q q 0 0 0 rg BT 362.93 666.75 Td (it ) Tj ET Q q 0 0 0 rg BT 371.31 666.75 Td (is ) Tj ET Q q 0 0 0 rg BT 380.80 666.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 416.40 666.75 Td (that ) Tj ET Q q 0 0 0 rg BT 434.22 666.75 Td (other ) Tj ET Q q 0 0 0 rg BT 457.59 666.75 Td (proposals ) Tj ET Q q 0 0 0 rg BT 498.74 666.75 Td (af) Tj ET Q q 0 0 0 rg BT 506.33 666.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 536.91 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 551.95 666.75 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 654.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 81.17 654.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 115.90 654.75 Td (could ) Tj ET Q q 0 0 0 rg BT 140.06 654.75 Td (be ) Tj ET Q q 0 0 0 rg BT 151.45 654.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 183.93 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 194.21 654.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 227.82 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 237.55 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 251.71 654.75 Td (future, ) Tj ET Q q 0 0 0 rg BT 280.04 654.75 Td (which ) Tj ET Q q 0 0 0 rg BT 306.43 654.75 Td (could ) Tj ET Q q 0 0 0 rg BT 330.59 654.75 Td (result ) Tj ET Q q 0 0 0 rg BT 354.76 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 364.49 654.75 Td (increased ) Tj ET Q q 0 0 0 rg BT 404.19 654.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 426.14 654.75 Td (or ) Tj ET Q q 0 0 0 rg BT 436.42 654.75 Td (additional ) Tj ET Q q 0 0 0 rg BT 478.36 654.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 518.07 654.75 Td (restrictions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (that ) Tj ET Q q 0 0 0 rg BT 67.22 642.75 Td (could ) Tj ET Q q 0 0 0 rg BT 92.17 642.75 Td (have ) Tj ET Q q 0 0 0 rg BT 113.77 642.75 Td (an ) Tj ET Q q 0 0 0 rg BT 125.94 642.75 Td (ef) Tj ET Q q 0 0 0 rg BT 133.53 642.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 151.24 642.75 Td (on ) Tj ET Q q 0 0 0 rg BT 163.97 642.75 Td (demand ) Tj ET Q q 0 0 0 rg BT 198.36 642.75 Td (for ) Tj ET Q q 0 0 0 rg BT 212.74 642.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.03 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 243.20 642.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 273.69 642.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 289.75 642.75 Td (or ) Tj ET Q q 0 0 0 rg BT 300.81 642.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.41 642.75 Td (at ) Tj ET Q q 0 0 0 rg BT 337.36 642.75 Td (which ) Tj ET Q q 0 0 0 rg BT 364.52 642.75 Td (it ) Tj ET Q q 0 0 0 rg BT 372.81 642.75 Td (can ) Tj ET Q q 0 0 0 rg BT 389.41 642.75 Td (be ) Tj ET Q q 0 0 0 rg BT 401.58 642.75 Td (sold. ) Tj ET Q q 0 0 0 rg BT 423.48 642.75 Td ( ) Tj ET Q q 0 0 0 rg BT 426.21 642.75 Td (However) Tj ET Q q 0 0 0 rg BT 462.46 642.75 Td (, ) Tj ET Q q 0 0 0 rg BT 467.69 642.75 Td (until ) Tj ET Q q 0 0 0 rg BT 488.75 642.75 Td (such ) Tj ET Q q 0 0 0 rg BT 509.81 642.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 554.20 642.75 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 97.25 630.75 Td (are ) Tj ET Q q 0 0 0 rg BT 112.76 630.75 Td (enacted ) Tj ET Q q 0 0 0 rg BT 146.61 630.75 Td (or ) Tj ET Q q 0 0 0 rg BT 158.25 630.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 193.22 630.75 Td (into ) Tj ET Q q 0 0 0 rg BT 212.09 630.75 Td (law ) Tj ET Q q 0 0 0 rg BT 229.84 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 247.59 630.75 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 289.20 630.75 Td (implemented, ) Tj ET Q q 0 0 0 rg BT 347.22 630.75 Td (it ) Tj ET Q q 0 0 0 rg BT 356.09 630.75 Td (is ) Tj ET Q q 0 0 0 rg BT 366.07 630.75 Td (not ) Tj ET Q q 0 0 0 rg BT 382.16 630.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 418.25 630.75 Td (to ) Tj ET Q q 0 0 0 rg BT 429.34 630.75 Td (gauge ) Tj ET Q q 0 0 0 rg BT 456.53 630.75 Td (their ) Tj ET Q q 0 0 0 rg BT 478.17 630.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 508.69 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 522.00 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 538.65 630.75 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.66 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 104.49 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 120.32 618.75 Td (results ) Tj ET Q q 0 0 0 rg BT 148.92 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 159.75 618.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 203.91 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.85 618.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 258.33 618.75 Td (condition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.39 594.75 Td (new ) Tj ET Q q 0 0 0 rg BT 106.39 594.75 Td (Presidential ) Tj ET Q q 0 0 0 rg BT 156.94 594.75 Td (administration ) Tj ET Q q 0 0 0 rg BT 218.05 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.83 594.75 Td (Congress ) Tj ET Q q 0 0 0 rg BT 276.40 594.75 Td (have ) Tj ET Q q 0 0 0 rg BT 298.61 594.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 325.28 594.75 Td (that ) Tj ET Q q 0 0 0 rg BT 343.62 594.75 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 407.49 594.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 428.61 594.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 444.17 594.75 Td (reform ) Tj ET Q q 0 0 0 rg BT 474.72 594.75 Td (is ) Tj ET Q q 0 0 0 rg BT 484.73 594.75 Td (a ) Tj ET Q q 0 0 0 rg BT 492.51 594.75 Td (priority ) Tj ET Q q 0 0 0 rg BT 525.85 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 543.63 594.75 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (discussed ) Tj ET Q q 0 0 0 rg BT 90.46 582.75 Td (their ) Tj ET Q q 0 0 0 rg BT 111.41 582.75 Td (intent ) Tj ET Q q 0 0 0 rg BT 136.81 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.21 582.75 Td (pursue ) Tj ET Q q 0 0 0 rg BT 176.50 582.75 Td (major ) Tj ET Q q 0 0 0 rg BT 202.45 582.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 232.83 582.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 247.67 582.75 Td (reform. ) Tj ET Q q 0 0 0 rg BT 280.00 582.75 Td ( ) Tj ET Q q 0 0 0 rg BT 282.63 582.75 Td (If ) Tj ET Q q 0 0 0 rg BT 291.92 582.75 Td (major ) Tj ET Q q 0 0 0 rg BT 317.87 582.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 332.71 582.75 Td (revisions ) Tj ET Q q 0 0 0 rg BT 371.44 582.75 Td (are ) Tj ET Q q 0 0 0 rg BT 386.28 582.75 Td (made, ) Tj ET Q q 0 0 0 rg BT 413.06 582.75 Td (it ) Tj ET Q q 0 0 0 rg BT 421.24 582.75 Td (is ) Tj ET Q q 0 0 0 rg BT 430.54 582.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 465.94 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 483.56 582.75 Td (a ) Tj ET Q q 0 0 0 rg BT 490.63 582.75 Td (number ) Tj ET Q q 0 0 0 rg BT 523.80 582.75 Td (of ) Tj ET Q q 0 0 0 rg BT 534.76 582.75 Td (special ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.06 570.75 Td (provisions ) Tj ET Q q 0 0 0 rg BT 108.07 570.75 Td (af) Tj ET Q q 0 0 0 rg BT 115.66 570.75 Td (fecting ) Tj ET Q q 0 0 0 rg BT 145.77 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 160.33 570.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 173.23 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 190.01 570.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 205.69 570.75 Td (industry ) Tj ET Q q 0 0 0 rg BT 240.81 570.75 Td (could ) Tj ET Q q 0 0 0 rg BT 265.37 570.75 Td (be ) Tj ET Q q 0 0 0 rg BT 277.15 570.75 Td (changed. ) Tj ET Q q 0 0 0 rg BT 315.31 570.75 Td ( ) Tj ET Q q 0 0 0 rg BT 317.48 570.75 Td (The ) Tj ET Q q 0 0 0 rg BT 335.38 570.75 Td (passage ) Tj ET Q q 0 0 0 rg BT 368.82 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 379.49 570.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 423.50 570.75 Td (or ) Tj ET Q q 0 0 0 rg BT 434.17 570.75 Td (any ) Tj ET Q q 0 0 0 rg BT 450.95 570.75 Td (other ) Tj ET Q q 0 0 0 rg BT 473.84 570.75 Td (change ) Tj ET Q q 0 0 0 rg BT 504.50 570.75 Td (in ) Tj ET Q q 0 0 0 rg BT 514.62 570.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 534.75 570.75 Td (federal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (income ) Tj ET Q q 0 0 0 rg BT 80.87 558.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 95.03 558.75 Td (law ) Tj ET Q q 0 0 0 rg BT 111.40 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 128.33 558.75 Td (eliminates, ) Tj ET Q q 0 0 0 rg BT 173.87 558.75 Td (reduces ) Tj ET Q q 0 0 0 rg BT 206.34 558.75 Td (or ) Tj ET Q q 0 0 0 rg BT 216.61 558.75 Td (postpones ) Tj ET Q q 0 0 0 rg BT 258.55 558.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 287.69 558.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 301.84 558.75 Td (deductions ) Tj ET Q q 0 0 0 rg BT 347.11 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 364.04 558.75 Td (are ) Tj ET Q q 0 0 0 rg BT 378.18 558.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 416.21 558.75 Td (available ) Tj ET Q q 0 0 0 rg BT 454.24 558.75 Td (to ) Tj ET Q q 0 0 0 rg BT 463.96 558.75 Td (us ) Tj ET Q q 0 0 0 rg BT 474.79 558.75 Td (or ) Tj ET Q q 0 0 0 rg BT 485.05 558.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 525.87 558.75 Td (increases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.94 546.75 Td (taxes ) Tj ET Q q 0 0 0 rg BT 89.60 546.75 Td (could ) Tj ET Q q 0 0 0 rg BT 114.92 546.75 Td (negatively ) Tj ET Q q 0 0 0 rg BT 159.68 546.75 Td (af) Tj ET Q q 0 0 0 rg BT 167.27 546.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 185.36 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 200.69 546.75 Td (after) Tj ET Q q 0 0 0 rg BT 218.81 546.75 Td (-tax ) Tj ET Q q 0 0 0 rg BT 237.46 546.75 Td (returns ) Tj ET Q q 0 0 0 rg BT 268.34 546.75 Td (generated ) Tj ET Q q 0 0 0 rg BT 310.31 546.75 Td (on ) Tj ET Q q 0 0 0 rg BT 323.42 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 339.86 546.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 353.53 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 371.07 546.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.51 546.75 Td (investments, ) Tj ET Q q 0 0 0 rg BT 440.90 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 457.34 546.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 478.21 546.75 Td (flow ) Tj ET Q q 0 0 0 rg BT 499.65 546.75 Td (or ) Tj ET Q q 0 0 0 rg BT 511.09 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 527.53 546.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (condition ) Tj ET Q q 0 0 0 rg BT 89.77 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 106.71 534.75 Td (results ) Tj ET Q q 0 0 0 rg BT 135.32 534.75 Td (of ) Tj ET Q q 0 0 0 rg BT 146.15 534.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 192.81 534.75 Td (even ) Tj ET Q q 0 0 0 rg BT 214.18 534.75 Td (if ) Tj ET Q q 0 0 0 rg BT 222.79 534.75 Td (reduced ) Tj ET Q q 0 0 0 rg BT 256.94 534.75 Td (corporate ) Tj ET Q q 0 0 0 rg BT 297.19 534.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.91 534.75 Td (rates ) Tj ET Q q 0 0 0 rg BT 333.28 534.75 Td (are ) Tj ET Q q 0 0 0 rg BT 347.99 534.75 Td (enacted.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (The ) Tj ET Q q 0 0 0 rg BT 68.45 510.75 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 117.38 510.75 Td (market ) Tj ET Q q 0 0 0 rg BT 150.75 510.75 Td (r) Tj ET Q q 0 0 0 rg BT 155.01 510.75 Td (egulations ) Tj ET Q q 0 0 0 rg BT 200.63 510.75 Td (pr) Tj ET Q q 0 0 0 rg BT 210.45 510.75 Td (omulgated ) Tj ET Q q 0 0 0 rg BT 257.73 510.75 Td (under) Tj ET Q q 0 0 0 rg BT 283.11 510.75 Td ( ) Tj ET Q q 0 0 0 rg BT 285.38 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 300.99 510.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 356.11 510.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 373.38 510.75 Td (could ) Tj ET Q q 0 0 0 rg BT 398.99 510.75 Td (have ) Tj ET Q q 0 0 0 rg BT 421.27 510.75 Td (an ) Tj ET Q q 0 0 0 rg BT 434.11 510.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 469.15 510.75 Td (effect ) Tj ET Q q 0 0 0 rg BT 494.74 510.75 Td (on ) Tj ET Q q 0 0 0 rg BT 507.57 510.75 Td (our) Tj ET Q q 0 0 0 rg BT 522.39 510.75 Td ( ) Tj ET Q q 0 0 0 rg BT 524.67 510.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 554.17 510.75 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (hedge ) Tj ET Q q 0 0 0 rg BT 77.00 498.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 100.06 498.75 Td (associated ) Tj ET Q q 0 0 0 rg BT 145.89 498.75 Td (with ) Tj ET Q q 0 0 0 rg BT 167.28 498.75 Td (our) Tj ET Q q 0 0 0 rg BT 182.10 498.75 Td ( ) Tj ET Q q 0 0 0 rg BT 184.60 498.75 Td (business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.75 Td (The ) Tj ET Q q 0 0 0 rg BT 84.91 474.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 135.25 474.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 151.56 474.75 Td (requires ) Tj ET Q q 0 0 0 rg BT 185.63 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 199.72 474.75 Td (Commodities ) Tj ET Q q 0 0 0 rg BT 255.48 474.75 Td (Futures ) Tj ET Q q 0 0 0 rg BT 287.21 474.75 Td (T) Tj ET Q q 0 0 0 rg BT 292.97 474.75 Td (rading ) Tj ET Q q 0 0 0 rg BT 320.38 474.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 372.81 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 389.12 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 403.21 474.75 Td (SEC ) Tj ET Q q 0 0 0 rg BT 423.41 474.75 Td (to ) Tj ET Q q 0 0 0 rg BT 433.06 474.75 Td (promulgate ) Tj ET Q q 0 0 0 rg BT 480.47 474.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 501.77 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 474.75 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (establishing ) Tj ET Q q 0 0 0 rg BT 99.34 462.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 129.17 462.75 Td (oversight ) Tj ET Q q 0 0 0 rg BT 168.46 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 184.96 462.75 Td (regulation ) Tj ET Q q 0 0 0 rg BT 227.58 462.75 Td (of ) Tj ET Q q 0 0 0 rg BT 237.98 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 252.26 462.75 Td (over) Tj ET Q q 0 0 0 rg BT 269.83 462.75 Td (-the-counter ) Tj ET Q q 0 0 0 rg BT 320.76 462.75 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 366.71 462.75 Td (market ) Tj ET Q q 0 0 0 rg BT 396.54 462.75 Td (and ) Tj ET Q q 0 0 0 rg BT 413.05 462.75 Td (entities ) Tj ET Q q 0 0 0 rg BT 444.00 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 461.07 462.75 Td (participate ) Tj ET Q q 0 0 0 rg BT 505.33 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 515.18 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 532.25 462.75 Td (market, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (including ) Tj ET Q q 0 0 0 rg BT 90.52 450.75 Td (swap ) Tj ET Q q 0 0 0 rg BT 114.31 450.75 Td (clearing ) Tj ET Q q 0 0 0 rg BT 149.75 450.75 Td (and ) Tj ET Q q 0 0 0 rg BT 167.43 450.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 190.66 450.75 Td (execution ) Tj ET Q q 0 0 0 rg BT 232.78 450.75 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 290.72 450.75 Td ( ) Tj ET Q q 0 0 0 rg BT 293.96 450.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 312.76 450.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 355.98 450.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 406.99 450.75 Td (are ) Tj ET Q q 0 0 0 rg BT 422.43 450.75 Td (not ) Tj ET Q q 0 0 0 rg BT 438.46 450.75 Td (currently ) Tj ET Q q 0 0 0 rg BT 477.79 450.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 509.36 450.75 Td (to ) Tj ET Q q 0 0 0 rg BT 520.38 450.75 Td (such ) Tj ET Q q 0 0 0 rg BT 541.95 450.75 Td (swap ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (clearing ) Tj ET Q q 0 0 0 rg BT 84.51 438.75 Td (and ) Tj ET Q q 0 0 0 rg BT 101.76 438.75 Td (trade ) Tj ET Q q 0 0 0 rg BT 124.56 438.75 Td (execution ) Tj ET Q q 0 0 0 rg BT 166.24 438.75 Td (requirements; ) Tj ET Q q 0 0 0 rg BT 224.04 438.75 Td (however) Tj ET Q q 0 0 0 rg BT 258.06 438.75 Td (, ) Tj ET Q q 0 0 0 rg BT 263.38 438.75 Td (in ) Tj ET Q q 0 0 0 rg BT 273.97 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 288.99 438.75 Td (event ) Tj ET Q q 0 0 0 rg BT 313.46 438.75 Td (our ) Tj ET Q q 0 0 0 rg BT 329.60 438.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 372.39 438.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 422.97 438.75 Td (potentially ) Tj ET Q q 0 0 0 rg BT 468.55 438.75 Td (become ) Tj ET Q q 0 0 0 rg BT 502.46 438.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 533.59 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 544.18 438.75 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 106.54 426.75 Td (we ) Tj ET Q q 0 0 0 rg BT 120.53 426.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 151.74 426.75 Td (that ) Tj ET Q q 0 0 0 rg BT 169.07 426.75 Td (our ) Tj ET Q q 0 0 0 rg BT 184.74 426.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 227.05 426.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 277.15 426.75 Td (would ) Tj ET Q q 0 0 0 rg BT 304.49 426.75 Td (qualify ) Tj ET Q q 0 0 0 rg BT 335.15 426.75 Td (for ) Tj ET Q q 0 0 0 rg BT 349.14 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.70 426.75 Td (end-user ) Tj ET Q q 0 0 0 rg BT 409.34 426.75 Td (exception. ) Tj ET Q q 0 0 0 rg BT 453.04 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 455.21 426.75 Td (The ) Tj ET Q q 0 0 0 rg BT 473.09 426.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 523.79 426.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 543.07 426.75 Td (rules ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 103.21 414.75 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 149.14 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 160.64 414.75 Td (new ) Tj ET Q q 0 0 0 rg BT 180.48 414.75 Td (legislation ) Tj ET Q q 0 0 0 rg BT 225.31 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 236.81 414.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 286.92 414.75 Td (could ) Tj ET Q q 0 0 0 rg BT 312.31 414.75 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 327.14 414.75 Td (af) Tj ET Q q 0 0 0 rg BT 334.73 414.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 352.89 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 368.28 414.75 Td (cost, ) Tj ET Q q 0 0 0 rg BT 390.06 414.75 Td (or ) Tj ET Q q 0 0 0 rg BT 401.56 414.75 Td (decrease ) Tj ET Q q 0 0 0 rg BT 439.15 414.75 Td (the ) Tj ET Q q 0 0 0 rg BT 454.54 414.75 Td (liquidity) Tj ET Q q 0 0 0 rg BT 487.78 414.75 Td (, ) Tj ET Q q 0 0 0 rg BT 493.45 414.75 Td (of ) Tj ET Q q 0 0 0 rg BT 504.96 414.75 Td (ener) Tj ET Q q 0 0 0 rg BT 521.98 414.75 Td (gy-related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 95.88 402.75 Td (available ) Tj ET Q q 0 0 0 rg BT 134.47 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 144.76 402.75 Td (us ) Tj ET Q q 0 0 0 rg BT 156.16 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 166.44 402.75 Td (hedge ) Tj ET Q q 0 0 0 rg BT 192.82 402.75 Td (against ) Tj ET Q q 0 0 0 rg BT 223.66 402.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 271.71 402.75 Td (price ) Tj ET Q q 0 0 0 rg BT 294.21 402.75 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 343.92 402.75 Td (\(including ) Tj ET Q q 0 0 0 rg BT 387.53 402.75 Td (through ) Tj ET Q q 0 0 0 rg BT 421.15 402.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 475.86 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 486.14 402.75 Td (post ) Tj ET Q q 0 0 0 rg BT 505.32 402.75 Td (collateral\), ) Tj ET Q q 0 0 0 rg BT 550.85 402.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 92.11 390.75 Td (alter ) Tj ET Q q 0 0 0 rg BT 111.94 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 126.23 390.75 Td (terms ) Tj ET Q q 0 0 0 rg BT 150.52 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.92 390.75 Td (derivative ) Tj ET Q q 0 0 0 rg BT 202.98 390.75 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 243.64 390.75 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 257.37 390.75 Td (af) Tj ET Q q 0 0 0 rg BT 264.96 390.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 282.02 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 296.31 390.75 Td (availability ) Tj ET Q q 0 0 0 rg BT 343.36 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 353.77 390.75 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 399.71 390.75 Td (to ) Tj ET Q q 0 0 0 rg BT 409.56 390.75 Td (protect ) Tj ET Q q 0 0 0 rg BT 439.40 390.75 Td (against ) Tj ET Q q 0 0 0 rg BT 469.79 390.75 Td (risks ) Tj ET Q q 0 0 0 rg BT 490.76 390.75 Td (we ) Tj ET Q q 0 0 0 rg BT 504.49 390.75 Td (encounter) Tj ET Q q 0 0 0 rg BT 543.51 390.75 Td (, ) Tj ET Q q 0 0 0 rg BT 548.08 390.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 63.26 378.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 98.11 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 113.54 378.75 Td (exposure ) Tj ET Q q 0 0 0 rg BT 151.73 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 161.61 378.75 Td (less ) Tj ET Q q 0 0 0 rg BT 178.70 378.75 Td (creditworthy ) Tj ET Q q 0 0 0 rg BT 231.90 378.75 Td (counterparties. ) Tj ET Q q 0 0 0 rg BT 293.13 378.75 Td ( ) Tj ET Q q 0 0 0 rg BT 295.23 378.75 Td (If ) Tj ET Q q 0 0 0 rg BT 303.99 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 317.74 378.75 Td (reduce ) Tj ET Q q 0 0 0 rg BT 346.49 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 361.91 378.75 Td (use ) Tj ET Q q 0 0 0 rg BT 377.34 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.77 378.75 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 433.74 378.75 Td (due ) Tj ET Q q 0 0 0 rg BT 450.27 378.75 Td (to ) Tj ET Q q 0 0 0 rg BT 460.15 378.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 494.45 378.75 Td (in ) Tj ET Q q 0 0 0 rg BT 504.33 378.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 378.75 Td (derivatives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (market, ) Tj ET Q q 0 0 0 rg BT 82.35 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 98.26 366.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 118.62 366.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 143.43 366.75 Td (could ) Tj ET Q q 0 0 0 rg BT 168.23 366.75 Td (become ) Tj ET Q q 0 0 0 rg BT 201.91 366.75 Td (more ) Tj ET Q q 0 0 0 rg BT 225.04 366.75 Td (volatile ) Tj ET Q q 0 0 0 rg BT 257.62 366.75 Td (and ) Tj ET Q q 0 0 0 rg BT 274.64 366.75 Td (less ) Tj ET Q q 0 0 0 rg BT 292.22 366.75 Td (predictable, ) Tj ET Q q 0 0 0 rg BT 341.73 366.75 Td (which ) Tj ET Q q 0 0 0 rg BT 368.75 366.75 Td (could ) Tj ET Q q 0 0 0 rg BT 393.56 366.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 434.46 366.75 Td (af) Tj ET Q q 0 0 0 rg BT 442.04 366.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 459.61 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 475.53 366.75 Td (ability ) Tj ET Q q 0 0 0 rg BT 503.67 366.75 Td (to ) Tj ET Q q 0 0 0 rg BT 514.03 366.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 533.83 366.75 Td (for ) Tj ET Q q 0 0 0 rg BT 548.08 366.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (fund ) Tj ET Q q 0 0 0 rg BT 71.31 354.75 Td (capital ) Tj ET Q q 0 0 0 rg BT 101.44 354.75 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 158.51 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 161.99 354.75 Td (On ) Tj ET Q q 0 0 0 rg BT 177.69 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 193.39 354.75 Td (other ) Tj ET Q q 0 0 0 rg BT 217.41 354.75 Td (hand, ) Tj ET Q q 0 0 0 rg BT 242.83 354.75 Td (there ) Tj ET Q q 0 0 0 rg BT 266.29 354.75 Td (is ) Tj ET Q q 0 0 0 rg BT 276.44 354.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 322.13 354.75 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 370.59 354.75 Td (as ) Tj ET Q q 0 0 0 rg BT 382.40 354.75 Td (to ) Tj ET Q q 0 0 0 rg BT 393.66 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 409.36 354.75 Td (status ) Tj ET Q q 0 0 0 rg BT 435.61 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 447.42 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 463.12 354.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 514.71 354.75 Td (Act, ) Tj ET Q q 0 0 0 rg BT 535.13 354.75 Td (and ) Tj ET Q q 0 0 0 rg BT 553.05 354.75 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (regulations ) Tj ET Q q 0 0 0 rg BT 97.25 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 115.01 342.75 Td (enforcement, ) Tj ET Q q 0 0 0 rg BT 170.79 342.75 Td (growing ) Tj ET Q q 0 0 0 rg BT 207.44 342.75 Td (out ) Tj ET Q q 0 0 0 rg BT 223.54 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.18 342.75 Td (widespread ) Tj ET Q q 0 0 0 rg BT 284.04 342.75 Td (discussion ) Tj ET Q q 0 0 0 rg BT 329.02 342.75 Td (of ) Tj ET Q q 0 0 0 rg BT 340.67 342.75 Td (repealing ) Tj ET Q q 0 0 0 rg BT 381.19 342.75 Td (or ) Tj ET Q q 0 0 0 rg BT 392.84 342.75 Td (scaling ) Tj ET Q q 0 0 0 rg BT 424.48 342.75 Td (back ) Tj ET Q q 0 0 0 rg BT 446.67 342.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.21 342.75 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 513.67 342.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 531.43 342.75 Td ( ) Tj ET Q q 0 0 0 rg BT 539.74 342.75 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (through ) Tj ET Q q 0 0 0 rg BT 82.81 330.75 Td (legislative ) Tj ET Q q 0 0 0 rg BT 126.12 330.75 Td (or ) Tj ET Q q 0 0 0 rg BT 136.66 330.75 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 179.96 330.75 Td (action; ) Tj ET Q q 0 0 0 rg BT 209.37 330.75 Td (however) Tj ET Q q 0 0 0 rg BT 243.40 330.75 Td (, ) Tj ET Q q 0 0 0 rg BT 248.11 330.75 Td (it ) Tj ET Q q 0 0 0 rg BT 255.87 330.75 Td (is ) Tj ET Q q 0 0 0 rg BT 264.75 330.75 Td (not ) Tj ET Q q 0 0 0 rg BT 279.73 330.75 Td (possible ) Tj ET Q q 0 0 0 rg BT 314.71 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 324.70 330.75 Td (determine ) Tj ET Q q 0 0 0 rg BT 366.89 330.75 Td (at ) Tj ET Q q 0 0 0 rg BT 376.31 330.75 Td (this ) Tj ET Q q 0 0 0 rg BT 392.96 330.75 Td (time ) Tj ET Q q 0 0 0 rg BT 412.94 330.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 447.36 330.75 Td (such ) Tj ET Q q 0 0 0 rg BT 467.89 330.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 502.30 330.75 Td (will ) Tj ET Q q 0 0 0 rg BT 520.07 330.75 Td (take ) Tj ET Q q 0 0 0 rg BT 538.93 330.75 Td (place, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 318.75 Td (what ) Tj ET Q q 0 0 0 rg BT 81.72 318.75 Td (form ) Tj ET Q q 0 0 0 rg BT 103.66 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 114.49 318.75 Td (to ) Tj ET Q q 0 0 0 rg BT 124.76 318.75 Td (what ) Tj ET Q q 0 0 0 rg BT 146.70 318.75 Td (extent.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (The ) Tj ET Q q 0 0 0 rg BT 68.67 294.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 86.73 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 97.56 294.75 Td (one ) Tj ET Q q 0 0 0 rg BT 115.06 294.75 Td (or) Tj ET Q q 0 0 0 rg BT 124.32 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 126.82 294.75 Td (mor) Tj ET Q q 0 0 0 rg BT 144.41 294.75 Td (e ) Tj ET Q q 0 0 0 rg BT 151.35 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 162.18 294.75 Td (our) Tj ET Q q 0 0 0 rg BT 177.00 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 179.50 294.75 Td (large ) Tj ET Q q 0 0 0 rg BT 203.65 294.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.71 294.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.33 294.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.50 294.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.89 294.75 Td (pur) Tj ET Q q 0 0 0 rg BT 301.27 294.75 Td (chasers ) Tj ET Q q 0 0 0 rg BT 335.43 294.75 Td (could ) Tj ET Q q 0 0 0 rg BT 361.27 294.75 Td (have ) Tj ET Q q 0 0 0 rg BT 383.77 294.75 Td (an ) Tj ET Q q 0 0 0 rg BT 396.83 294.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 432.10 294.75 Td (effect ) Tj ET Q q 0 0 0 rg BT 457.91 294.75 Td (on ) Tj ET Q q 0 0 0 rg BT 470.97 294.75 Td (our) Tj ET Q q 0 0 0 rg BT 485.79 294.75 Td ( ) Tj ET Q q 0 0 0 rg BT 488.29 294.75 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.75 Td (For ) Tj ET Q q 0 0 0 rg BT 84.34 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 99.50 270.75 Td (year ) Tj ET Q q 0 0 0 rg BT 119.66 270.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.48 270.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 205.51 270.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.51 270.75 Td (, ) Tj ET Q q 0 0 0 rg BT 230.96 270.75 Td (two ) Tj ET Q q 0 0 0 rg BT 248.90 270.75 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 294.61 270.75 Td (individually ) Tj ET Q q 0 0 0 rg BT 345.89 270.75 Td (accounted ) Tj ET Q q 0 0 0 rg BT 389.37 270.75 Td (for ) Tj ET Q q 0 0 0 rg BT 403.97 270.75 Td (10% ) Tj ET Q q 0 0 0 rg BT 425.25 270.75 Td (or ) Tj ET Q q 0 0 0 rg BT 436.53 270.75 Td (more ) Tj ET Q q 0 0 0 rg BT 460.02 270.75 Td (of ) Tj ET Q q 0 0 0 rg BT 471.30 270.75 Td (our ) Tj ET Q q 0 0 0 rg BT 487.57 270.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.08 270.75 Td (and ) Tj ET Q q 0 0 0 rg BT 518.46 270.75 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 270.75 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.51 258.75 Td (and, ) Tj ET Q q 0 0 0 rg BT 106.92 258.75 Td (in ) Tj ET Q q 0 0 0 rg BT 117.16 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.85 258.75 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 175.68 258.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.81 258.75 Td (34%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.14 258.75 Td ( ) Tj ET Q q 0 0 0 rg BT 210.61 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 221.41 258.75 Td (such ) Tj ET Q q 0 0 0 rg BT 242.21 258.75 Td (revenues.) Tj ET Q q 0 0 0 rg BT 285.07 258.75 Td (The ) Tj ET Q q 0 0 0 rg BT 303.08 258.75 Td (loss ) Tj ET Q q 0 0 0 rg BT 321.12 258.75 Td (of ) Tj ET Q q 0 0 0 rg BT 331.92 258.75 Td (a ) Tj ET Q q 0 0 0 rg BT 338.82 258.75 Td (lar) Tj ET Q q 0 0 0 rg BT 349.19 258.75 Td (ge ) Tj ET Q q 0 0 0 rg BT 361.10 258.75 Td (single ) Tj ET Q q 0 0 0 rg BT 387.45 258.75 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 428.79 258.75 Td (could ) Tj ET Q q 0 0 0 rg BT 453.48 258.75 Td (adversely ) Tj ET Q q 0 0 0 rg BT 494.26 258.75 Td (impact ) Tj ET Q q 0 0 0 rg BT 523.94 258.75 Td (the ) Tj ET Q q 0 0 0 rg BT 538.63 258.75 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 246.75 Td (receive ) Tj ET Q q 0 0 0 rg BT 95.02 246.75 Td (or ) Tj ET Q q 0 0 0 rg BT 105.85 246.75 Td (the ) Tj ET Q q 0 0 0 rg BT 120.57 246.75 Td (transportation ) Tj ET Q q 0 0 0 rg BT 178.61 246.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 201.11 246.75 Td (we ) Tj ET Q q 0 0 0 rg BT 215.27 246.75 Td (incur) Tj ET Q q 0 0 0 rg BT 235.27 246.75 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 222.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 84.77 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 95.60 222.75 Td (our) Tj ET Q q 0 0 0 rg BT 110.42 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 112.92 222.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 160.42 222.75 Td (may ) Tj ET Q q 0 0 0 rg BT 181.25 222.75 Td (be ) Tj ET Q q 0 0 0 rg BT 193.75 222.75 Td (limited ) Tj ET Q q 0 0 0 rg BT 226.24 222.75 Td (during ) Tj ET Q q 0 0 0 rg BT 257.64 222.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 290.13 222.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 324.30 222.75 Td (due ) Tj ET Q q 0 0 0 rg BT 342.36 222.75 Td (to ) Tj ET Q q 0 0 0 rg BT 353.19 222.75 Td (sever) Tj ET Q q 0 0 0 rg BT 375.22 222.75 Td (e ) Tj ET Q q 0 0 0 rg BT 382.16 222.75 Td (weather) Tj ET Q q 0 0 0 rg BT 416.40 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 418.90 222.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 465.31 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 483.93 222.75 Td (other) Tj ET Q q 0 0 0 rg BT 506.52 222.75 Td ( ) Tj ET Q q 0 0 0 rg BT 509.02 222.75 Td (r) Tj ET Q q 0 0 0 rg BT 513.27 222.75 Td (egulations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.75 Td (Certain ) Tj ET Q q 0 0 0 rg BT 99.46 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 110.31 198.75 Td (our ) Tj ET Q q 0 0 0 rg BT 126.17 198.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 170.35 198.75 Td (in ) Tj ET Q q 0 0 0 rg BT 180.65 198.75 Td (North ) Tj ET Q q 0 0 0 rg BT 206.50 198.75 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 240.41 198.75 Td (Montana ) Tj ET Q q 0 0 0 rg BT 278.48 198.75 Td (and ) Tj ET Q q 0 0 0 rg BT 295.26 198.75 Td (W) Tj ET Q q 0 0 0 rg BT 304.09 198.75 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 339.68 198.75 Td (including ) Tj ET Q q 0 0 0 rg BT 379.97 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 394.71 198.75 Td (construction ) Tj ET Q q 0 0 0 rg BT 446.67 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 457.53 198.75 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 471.42 197.32 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.67 198.75 Td ( ) Tj ET Q q 0 0 0 rg BT 477.19 198.75 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 518.32 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 533.06 198.75 Td (drilling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 186.75 Td (new ) Tj ET Q q 0 0 0 rg BT 79.53 186.75 Td (wells ) Tj ET Q q 0 0 0 rg BT 103.16 186.75 Td (and ) Tj ET Q q 0 0 0 rg BT 120.13 186.75 Td (production ) Tj ET Q q 0 0 0 rg BT 165.97 186.75 Td (from ) Tj ET Q q 0 0 0 rg BT 187.93 186.75 Td (existing ) Tj ET Q q 0 0 0 rg BT 222.12 186.75 Td (wells, ) Tj ET Q q 0 0 0 rg BT 248.25 186.75 Td (are ) Tj ET Q q 0 0 0 rg BT 262.98 186.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 306.59 186.75 Td (in ) Tj ET Q q 0 0 0 rg BT 316.90 186.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 339.95 186.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.80 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 381.10 186.75 Td (extreme ) Tj ET Q q 0 0 0 rg BT 415.83 186.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 449.99 186.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 496.68 186.75 Td (including ) Tj ET Q q 0 0 0 rg BT 536.98 186.75 Td (severe ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (cold, ) Tj ET Q q 0 0 0 rg BT 72.36 174.75 Td (snow ) Tj ET Q q 0 0 0 rg BT 96.62 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 114.20 174.75 Td (rain, ) Tj ET Q q 0 0 0 rg BT 135.39 174.75 Td (which ) Tj ET Q q 0 0 0 rg BT 162.98 174.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 207.79 174.75 Td (may ) Tj ET Q q 0 0 0 rg BT 228.15 174.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 253.50 174.75 Td (such ) Tj ET Q q 0 0 0 rg BT 274.97 174.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.77 174.75 Td (to ) Tj ET Q q 0 0 0 rg BT 330.70 174.75 Td (be ) Tj ET Q q 0 0 0 rg BT 343.28 174.75 Td (hindered ) Tj ET Q q 0 0 0 rg BT 381.41 174.75 Td (or ) Tj ET Q q 0 0 0 rg BT 392.88 174.75 Td (delayed, ) Tj ET Q q 0 0 0 rg BT 429.62 174.75 Td (or ) Tj ET Q q 0 0 0 rg BT 441.10 174.75 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 483.12 174.75 Td (require ) Tj ET Q q 0 0 0 rg BT 514.58 174.75 Td (that ) Tj ET Q q 0 0 0 rg BT 532.72 174.75 Td (they ) Tj ET Q q 0 0 0 rg BT 553.08 174.75 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 92.42 162.75 Td (only ) Tj ET Q q 0 0 0 rg BT 112.02 162.75 Td (during ) Tj ET Q q 0 0 0 rg BT 139.96 162.75 Td (non-winter ) Tj ET Q q 0 0 0 rg BT 185.66 162.75 Td (months, ) Tj ET Q q 0 0 0 rg BT 219.44 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 235.70 162.75 Td (depending ) Tj ET Q q 0 0 0 rg BT 279.18 162.75 Td (on ) Tj ET Q q 0 0 0 rg BT 291.01 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 305.05 162.75 Td (severity ) Tj ET Q q 0 0 0 rg BT 338.53 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 348.69 162.75 Td (the ) Tj ET Q q 0 0 0 rg BT 362.73 162.75 Td (weather) Tj ET Q q 0 0 0 rg BT 393.98 162.75 Td (, ) Tj ET Q q 0 0 0 rg BT 398.30 162.75 Td (could ) Tj ET Q q 0 0 0 rg BT 422.35 162.75 Td (have ) Tj ET Q q 0 0 0 rg BT 443.05 162.75 Td (a ) Tj ET Q q 0 0 0 rg BT 449.31 162.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 485.01 162.75 Td (ef) Tj ET Q q 0 0 0 rg BT 492.60 162.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 509.41 162.75 Td (on ) Tj ET Q q 0 0 0 rg BT 521.24 162.75 Td (our ) Tj ET Q q 0 0 0 rg BT 536.39 162.75 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 59.26 150.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 102.34 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 111.55 150.75 Td (these ) Tj ET Q q 0 0 0 rg BT 133.52 150.75 Td (areas. ) Tj ET Q q 0 0 0 rg BT 157.98 150.75 Td ( ) Tj ET Q q 0 0 0 rg BT 159.41 150.75 Td (Further) Tj ET Q q 0 0 0 rg BT 188.45 150.75 Td (, ) Tj ET Q q 0 0 0 rg BT 192.38 150.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 221.01 150.75 Td (of ) Tj ET Q q 0 0 0 rg BT 230.76 150.75 Td (our ) Tj ET Q q 0 0 0 rg BT 245.52 150.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 288.60 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 297.81 150.75 Td (these ) Tj ET Q q 0 0 0 rg BT 319.78 150.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 341.75 150.75 Td (are ) Tj ET Q q 0 0 0 rg BT 355.38 150.75 Td (confined ) Tj ET Q q 0 0 0 rg BT 391.79 150.75 Td (to ) Tj ET Q q 0 0 0 rg BT 401.00 150.75 Td (certain ) Tj ET Q q 0 0 0 rg BT 429.63 150.75 Td (time ) Tj ET Q q 0 0 0 rg BT 448.83 150.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 479.70 150.75 Td (due ) Tj ET Q q 0 0 0 rg BT 495.56 150.75 Td (to ) Tj ET Q q 0 0 0 rg BT 504.77 150.75 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 98.71 138.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 128.74 138.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 175.45 138.75 Td (on ) Tj ET Q q 0 0 0 rg BT 187.72 138.75 Td (when ) Tj ET Q q 0 0 0 rg BT 211.66 138.75 Td (drilling ) Tj ET Q q 0 0 0 rg BT 243.38 138.75 Td (can ) Tj ET Q q 0 0 0 rg BT 259.53 138.75 Td (take ) Tj ET Q q 0 0 0 rg BT 278.46 138.75 Td (place ) Tj ET Q q 0 0 0 rg BT 301.83 138.75 Td (on ) Tj ET Q q 0 0 0 rg BT 314.10 138.75 Td (federal ) Tj ET Q q 0 0 0 rg BT 344.13 138.75 Td (lands, ) Tj ET Q q 0 0 0 rg BT 370.02 138.75 Td (and ) Tj ET Q q 0 0 0 rg BT 386.73 138.75 Td (lease ) Tj ET Q q 0 0 0 rg BT 408.99 138.75 Td (stipulations ) Tj ET Q q 0 0 0 rg BT 457.38 138.75 Td (designed ) Tj ET Q q 0 0 0 rg BT 495.20 138.75 Td (to ) Tj ET Q q 0 0 0 rg BT 505.26 138.75 Td (protect ) Tj ET Q q 0 0 0 rg BT 535.30 138.75 Td (certain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.75 Td (wildlife, ) Tj ET Q q 0 0 0 rg BT 85.74 126.75 Td (which ) Tj ET Q q 0 0 0 rg BT 112.81 126.75 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 162.38 126.75 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 209.45 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 226.53 126.75 Td (limitations ) Tj ET Q q 0 0 0 rg BT 271.94 126.75 Td (could ) Tj ET Q q 0 0 0 rg BT 296.79 126.75 Td (slow ) Tj ET Q q 0 0 0 rg BT 318.32 126.75 Td (down ) Tj ET Q q 0 0 0 rg BT 343.18 126.75 Td (our ) Tj ET Q q 0 0 0 rg BT 359.14 126.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 405.93 126.75 Td (cause ) Tj ET Q q 0 0 0 rg BT 430.78 126.75 Td (delays, ) Tj ET Q q 0 0 0 rg BT 461.46 126.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 496.85 126.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 519.49 126.75 Td (and ) Tj ET Q q 0 0 0 rg BT 536.56 126.75 Td (have ) Tj ET Q q 0 0 0 rg BT 558.07 126.75 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 86.54 114.75 Td (ef) Tj ET Q q 0 0 0 rg BT 94.13 114.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 112.29 114.75 Td (on ) Tj ET Q q 0 0 0 rg BT 125.46 114.75 Td (our ) Tj ET Q q 0 0 0 rg BT 141.96 114.75 Td (results ) Tj ET Q q 0 0 0 rg BT 171.24 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 182.74 114.75 Td (operations. ) Tj ET Q q 0 0 0 rg BT 230.06 114.75 Td ( ) Tj ET Q q 0 0 0 rg BT 233.23 114.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 251.95 114.75 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.78 114.75 Td (in ) Tj ET Q q 0 0 0 rg BT 307.73 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 323.12 114.75 Td (coastal ) Tj ET Q q 0 0 0 rg BT 354.05 114.75 Td (areas ) Tj ET Q q 0 0 0 rg BT 377.76 114.75 Td (of ) Tj ET Q q 0 0 0 rg BT 389.26 114.75 Td (the ) Tj ET Q q 0 0 0 rg BT 404.65 114.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 426.15 114.75 Td (Coast ) Tj ET Q q 0 0 0 rg BT 452.09 114.75 Td (region ) Tj ET Q q 0 0 0 rg BT 480.81 114.75 Td (may ) Tj ET Q q 0 0 0 rg BT 501.20 114.75 Td (be ) Tj ET Q q 0 0 0 rg BT 513.81 114.75 Td (subjected ) Tj ET Q q 0 0 0 rg BT 554.74 114.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.75 Td (adverse ) Tj ET Q q 0 0 0 rg BT 81.80 102.75 Td (weather ) Tj ET Q q 0 0 0 rg BT 115.21 102.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 158.64 102.75 Td (such ) Tj ET Q q 0 0 0 rg BT 178.74 102.75 Td (as ) Tj ET Q q 0 0 0 rg BT 188.83 102.75 Td (hurricanes ) Tj ET Q q 0 0 0 rg BT 232.24 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 248.45 102.75 Td (tropical ) Tj ET Q q 0 0 0 rg BT 280.75 102.75 Td (storms ) Tj ET Q q 0 0 0 rg BT 309.19 102.75 Td (in ) Tj ET Q q 0 0 0 rg BT 318.73 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 334.94 102.75 Td (around ) Tj ET Q q 0 0 0 rg BT 364.47 102.75 Td (the ) Tj ET Q q 0 0 0 rg BT 378.45 102.75 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 398.55 102.75 Td (of ) Tj ET Q q 0 0 0 rg BT 408.64 102.75 Td (Mexico ) Tj ET Q q 0 0 0 rg BT 440.96 102.75 Td (that ) Tj ET Q q 0 0 0 rg BT 457.72 102.75 Td (can ) Tj ET Q q 0 0 0 rg BT 473.36 102.75 Td (damage ) Tj ET Q q 0 0 0 rg BT 506.22 102.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 518.54 102.75 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 102.75 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.75 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.29 90.75 Td (facilities ) Tj ET Q q 0 0 0 rg BT 102.18 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 119.08 90.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 154.30 90.75 Td (systems ) Tj ET Q q 0 0 0 rg BT 188.43 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 205.33 90.75 Td (disrupt ) Tj ET Q q 0 0 0 rg BT 235.57 90.75 Td (operations, ) Tj ET Q q 0 0 0 rg BT 282.18 90.75 Td (which ) Tj ET Q q 0 0 0 rg BT 309.08 90.75 Td (can ) Tj ET Q q 0 0 0 rg BT 325.42 90.75 Td (also ) Tj ET Q q 0 0 0 rg BT 343.99 90.75 Td (increase ) Tj ET Q q 0 0 0 rg BT 379.20 90.75 Td (costs ) Tj ET Q q 0 0 0 rg BT 401.66 90.75 Td (and ) Tj ET Q q 0 0 0 rg BT 418.56 90.75 Td (have ) Tj ET Q q 0 0 0 rg BT 439.90 90.75 Td (a ) Tj ET Q q 0 0 0 rg BT 446.79 90.75 Td (negative ) Tj ET Q q 0 0 0 rg BT 483.13 90.75 Td (ef) Tj ET Q q 0 0 0 rg BT 490.71 90.75 Td (fect ) Tj ET Q q 0 0 0 rg BT 508.16 90.75 Td (on ) Tj ET Q q 0 0 0 rg BT 520.62 90.75 Td (our ) Tj ET Q q 0 0 0 rg BT 536.41 90.75 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 78.75 Td (operations.) Tj ET Q endstream endobj 63 0 obj <> endobj 64 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (If ) Tj ET Q q 0 0 0 rg BT 59.29 714.60 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.62 714.60 Td (prices ) Tj ET Q q 0 0 0 rg BT 137.73 714.60 Td (decline ) Tj ET Q q 0 0 0 rg BT 170.29 714.60 Td (appr) Tj ET Q q 0 0 0 rg BT 190.67 714.60 Td (eciably) Tj ET Q q 0 0 0 rg BT 220.11 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 225.17 714.60 Td (we ) Tj ET Q q 0 0 0 rg BT 239.40 714.60 Td (may ) Tj ET Q q 0 0 0 rg BT 260.29 714.60 Td (be ) Tj ET Q q 0 0 0 rg BT 272.85 714.60 Td (r) Tj ET Q q 0 0 0 rg BT 277.11 714.60 Td (equir) Tj ET Q q 0 0 0 rg BT 299.71 714.60 Td (ed ) Tj ET Q q 0 0 0 rg BT 312.27 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 323.17 714.60 Td (write ) Tj ET Q q 0 0 0 rg BT 347.94 714.60 Td (down ) Tj ET Q q 0 0 0 rg BT 373.85 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 714.60 Td (carrying ) Tj ET Q q 0 0 0 rg BT 428.96 714.60 Td (value ) Tj ET Q q 0 0 0 rg BT 454.30 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 465.19 714.60 Td (our) Tj ET Q q 0 0 0 rg BT 480.01 714.60 Td ( ) Tj ET Q q 0 0 0 rg BT 482.58 714.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 495.70 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 514.38 714.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 548.62 714.60 Td (gas ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (pr) Tj ET Q q 0 0 0 rg BT 59.32 702.60 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.60 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.60 678.60 Td (full ) Tj ET Q q 0 0 0 rg BT 110.60 678.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.83 678.60 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.81 678.60 Td (rules ) Tj ET Q q 0 0 0 rg BT 196.36 678.60 Td (related ) Tj ET Q q 0 0 0 rg BT 225.68 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 235.57 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 251.01 678.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 263.68 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.23 678.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 310.11 678.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 325.55 678.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 370.15 678.60 Td (we ) Tj ET Q q 0 0 0 rg BT 383.93 678.60 Td (are ) Tj ET Q q 0 0 0 rg BT 398.25 678.60 Td (required ) Tj ET Q q 0 0 0 rg BT 433.68 678.60 Td (each ) Tj ET Q q 0 0 0 rg BT 454.10 678.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 484.53 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.42 678.60 Td (perform ) Tj ET Q q 0 0 0 rg BT 528.75 678.60 Td (a ) Tj ET Q q 0 0 0 rg BT 535.30 678.60 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (test ) Tj ET Q q 0 0 0 rg BT 65.82 666.60 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 114.61 666.60 Td (with ) Tj ET Q q 0 0 0 rg BT 134.82 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 149.47 666.60 Td (net ) Tj ET Q q 0 0 0 rg BT 164.11 666.60 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 209.85 666.60 Td (costs ) Tj ET Q q 0 0 0 rg BT 232.28 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 243.04 666.60 Td (our ) Tj ET Q q 0 0 0 rg BT 258.79 666.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.78 666.60 Td (and ) Tj ET Q q 0 0 0 rg BT 288.65 666.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.84 666.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 334.60 666.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 377.01 666.60 Td (limited ) Tj ET Q q 0 0 0 rg BT 407.77 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 417.98 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 432.63 666.60 Td (lower ) Tj ET Q q 0 0 0 rg BT 457.83 666.60 Td (of ) Tj ET Q q 0 0 0 rg BT 468.58 666.60 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 520.99 666.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 539.53 666.60 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 666.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.38 654.60 Td (center ) Tj ET Q q 0 0 0 rg BT 95.57 654.60 Td (ceiling. ) Tj ET Q q 0 0 0 rg BT 128.05 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 130.61 654.60 Td (The ) Tj ET Q q 0 0 0 rg BT 148.93 654.60 Td (present ) Tj ET Q q 0 0 0 rg BT 180.57 654.60 Td (value ) Tj ET Q q 0 0 0 rg BT 205.00 654.60 Td (of ) Tj ET Q q 0 0 0 rg BT 216.09 654.60 Td (estimated ) Tj ET Q q 0 0 0 rg BT 257.18 654.60 Td (future ) Tj ET Q q 0 0 0 rg BT 283.83 654.60 Td (net ) Tj ET Q q 0 0 0 rg BT 298.81 654.60 Td (revenues ) Tj ET Q q 0 0 0 rg BT 337.12 654.60 Td (from ) Tj ET Q q 0 0 0 rg BT 359.32 654.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 389.86 654.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.18 654.60 Td (and ) Tj ET Q q 0 0 0 rg BT 420.39 654.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 450.92 654.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 467.02 654.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 502.54 654.60 Td (included ) Tj ET Q q 0 0 0 rg BT 539.74 654.60 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 654.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.85 642.60 Td (center ) Tj ET Q q 0 0 0 rg BT 96.51 642.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 126.96 642.60 Td (is ) Tj ET Q q 0 0 0 rg BT 136.86 642.60 Td (based ) Tj ET Q q 0 0 0 rg BT 162.87 642.60 Td (on ) Tj ET Q q 0 0 0 rg BT 176.11 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 191.56 642.60 Td (average ) Tj ET Q q 0 0 0 rg BT 225.88 642.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 319.09 642.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 332.88 642.60 Td (and ) Tj ET Q q 0 0 0 rg BT 350.56 642.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 381.56 642.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 398.13 642.60 Td (price ) Tj ET Q q 0 0 0 rg BT 421.35 642.60 Td (for ) Tj ET Q q 0 0 0 rg BT 436.25 642.60 Td (each ) Tj ET Q q 0 0 0 rg BT 457.80 642.60 Td (month ) Tj ET Q q 0 0 0 rg BT 486.59 642.60 Td (during ) Tj ET Q q 0 0 0 rg BT 515.94 642.60 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 642.60 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.19 630.60 Td (period ) Tj ET Q q 0 0 0 rg BT 105.75 630.60 Td (prior ) Tj ET Q q 0 0 0 rg BT 127.21 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 137.01 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.25 630.60 Td (end ) Tj ET Q q 0 0 0 rg BT 167.71 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 178.06 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 184.52 630.60 Td (particular ) Tj ET Q q 0 0 0 rg BT 224.86 630.60 Td (reporting ) Tj ET Q q 0 0 0 rg BT 263.53 630.60 Td (period. ) Tj ET Q q 0 0 0 rg BT 293.60 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 295.62 630.60 Td (During ) Tj ET Q q 0 0 0 rg BT 325.97 630.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 348.00 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 364.46 630.60 Td (2016, ) Tj ET Q q 0 0 0 rg BT 388.98 630.60 Td (we ) Tj ET Q q 0 0 0 rg BT 402.66 630.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 439.66 630.60 Td (full ) Tj ET Q q 0 0 0 rg BT 455.56 630.60 Td (cost ) Tj ET Q q 0 0 0 rg BT 473.69 630.60 Td (pool ) Tj ET Q q 0 0 0 rg BT 493.49 630.60 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 522.73 630.60 Td (test ) Tj ET Q q 0 0 0 rg BT 538.64 630.60 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (downs ) Tj ET Q q 0 0 0 rg BT 77.93 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 88.57 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 104.21 618.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 117.08 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 133.83 618.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 163.90 618.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 179.55 618.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 221.84 618.60 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.71 618.60 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 274.52 618.60 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.63 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 302.94 618.60 Td (\($3.1 ) Tj ET Q q 0 0 0 rg BT 326.09 618.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 354.51 618.60 Td (net ) Tj ET Q q 0 0 0 rg BT 369.04 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.68 618.60 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 397.54 618.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.29 618.60 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 444.10 618.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.00 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 475.31 618.60 Td (\($508.2 ) Tj ET Q q 0 0 0 rg BT 508.45 618.60 Td (million ) Tj ET Q q 0 0 0 rg BT 539.65 618.60 Td (net ) Tj ET Q q 0 0 0 rg BT 554.18 618.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (tax\), ) Tj ET Q q 0 0 0 rg BT 69.71 606.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 120.18 606.60 Td (\(see ) Tj ET Q q 0 0 0 rg BT 138.44 606.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 158.93 606.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 168.59 606.60 Td (Management) Tj ET Q q 0 0 0 rg BT 222.84 606.60 Td (s ) Tj ET Q q 0 0 0 rg BT 228.89 606.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 274.95 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 291.95 606.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 328.00 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 337.94 606.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 378.99 606.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 421.15 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 438.32 606.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 469.36 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 479.30 606.60 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.47 606.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 533.63 606.60 Td (Results ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 59.07 594.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 104.07 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 105.87 594.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 112.66 594.60 Td (W) Tj ET Q q 0 0 0 rg BT 120.44 594.60 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 163.34 594.60 Td (of ) Tj ET Q q 0 0 0 rg BT 172.92 594.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 187.49 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 204.28 594.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 237.20 594.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 255.10 594.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 264.73 594.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.95 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 298.74 594.60 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 314.98 594.60 Td (Critical ) Tj ET Q q 0 0 0 rg BT 347.75 594.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 395.09 594.60 Td (Policies ) Tj ET Q q 0 0 0 rg BT 429.10 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 445.89 594.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.78 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 486.57 594.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 493.37 594.60 Td (Full ) Tj ET Q q 0 0 0 rg BT 511.83 594.60 Td (Cost ) Tj ET Q q 0 0 0 rg BT 531.96 594.60 Td (Method ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.24 582.60 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 111.47 582.60 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 154.09 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 172.28 582.60 Td (Depr) Tj ET Q q 0 0 0 rg BT 192.46 582.60 Td (eciation ) Tj ET Q q 0 0 0 rg BT 227.86 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 246.05 582.60 Td (Oil ) Tj ET Q q 0 0 0 rg BT 262.01 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 280.20 582.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 314.51 582.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 333.81 582.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 343.44 582.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.66 582.60 Td (\). ) Tj ET Q q 0 0 0 rg BT 384.67 582.60 Td ( ) Tj ET Q q 0 0 0 rg BT 387.86 582.60 Td (Future ) Tj ET Q q 0 0 0 rg BT 417.16 582.60 Td (material ) Tj ET Q q 0 0 0 rg BT 453.11 582.60 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 506.29 582.60 Td (of ) Tj ET Q q 0 0 0 rg BT 517.80 582.60 Td (our ) Tj ET Q q 0 0 0 rg BT 534.32 582.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 582.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.11 570.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.28 570.60 Td (properties, ) Tj ET Q q 0 0 0 rg BT 138.61 570.60 Td (as ) Tj ET Q q 0 0 0 rg BT 148.78 570.60 Td (well ) Tj ET Q q 0 0 0 rg BT 167.84 570.60 Td (as ) Tj ET Q q 0 0 0 rg BT 178.01 570.60 Td (future ) Tj ET Q q 0 0 0 rg BT 203.73 570.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 251.67 570.60 Td (of ) Tj ET Q q 0 0 0 rg BT 261.84 570.60 Td (other ) Tj ET Q q 0 0 0 rg BT 284.23 570.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 327.18 570.60 Td (assets, ) Tj ET Q q 0 0 0 rg BT 354.85 570.60 Td (could ) Tj ET Q q 0 0 0 rg BT 378.91 570.60 Td (significantly ) Tj ET Q q 0 0 0 rg BT 430.74 570.60 Td (reduce ) Tj ET Q q 0 0 0 rg BT 459.23 570.60 Td (earnings ) Tj ET Q q 0 0 0 rg BT 494.95 570.60 Td (during ) Tj ET Q q 0 0 0 rg BT 522.90 570.60 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 570.60 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 59.29 558.60 Td (which ) Tj ET Q q 0 0 0 rg BT 85.75 558.60 Td (such ) Tj ET Q q 0 0 0 rg BT 106.09 558.60 Td (write-down ) Tj ET Q q 0 0 0 rg BT 154.21 558.60 Td (and/or ) Tj ET Q q 0 0 0 rg BT 181.77 558.60 Td (impairment ) Tj ET Q q 0 0 0 rg BT 229.88 558.60 Td (occurs ) Tj ET Q q 0 0 0 rg BT 258.00 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 274.45 558.60 Td (would ) Tj ET Q q 0 0 0 rg BT 301.47 558.60 Td (result ) Tj ET Q q 0 0 0 rg BT 325.70 558.60 Td (in ) Tj ET Q q 0 0 0 rg BT 335.50 558.60 Td (a ) Tj ET Q q 0 0 0 rg BT 341.95 558.60 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 401.17 558.60 Td (reduction ) Tj ET Q q 0 0 0 rg BT 440.95 558.60 Td (to ) Tj ET Q q 0 0 0 rg BT 450.75 558.60 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 493.86 558.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 519.21 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 535.66 558.60 Td (equity) Tj ET Q q 0 0 0 rg BT 560.01 558.60 Td (. ) Tj ET Q q 0 0 0 rg BT 565.01 558.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.60 Td (See ) Tj ET Q q 0 0 0 rg BT 65.40 546.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 85.19 546.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 94.15 546.60 Td (Management) Tj ET Q q 0 0 0 rg BT 148.40 546.60 Td (s ) Tj ET Q q 0 0 0 rg BT 153.75 546.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 199.10 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 215.46 546.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 250.81 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 260.05 546.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 300.39 546.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 341.85 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 358.32 546.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 388.66 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 397.90 546.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 442.90 546.60 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.37 546.60 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 449.37 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 450.83 546.60 Td (Critical ) Tj ET Q q 0 0 0 rg BT 483.30 546.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 530.30 546.60 Td (Policies ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.00 534.60 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.89 534.60 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 509.03505859375 m 210.96484375 509.03505859375 l s q 0 0 0 rg BT 49.50 510.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 510.60 Td (1B.Unr) Tj ET Q q 0 0 0 rg BT 108.20 510.60 Td (esolved ) Tj ET Q q 0 0 0 rg BT 141.81 510.60 Td (Staff ) Tj ET Q q 0 0 0 rg BT 164.86 510.60 Td (Comments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (There ) Tj ET Q q 0 0 0 rg BT 93.03 486.60 Td (are ) Tj ET Q q 0 0 0 rg BT 107.44 486.60 Td (no ) Tj ET Q q 0 0 0 rg BT 119.66 486.60 Td (unresolved ) Tj ET Q q 0 0 0 rg BT 165.74 486.60 Td (written ) Tj ET Q q 0 0 0 rg BT 196.28 486.60 Td (SEC ) Tj ET Q q 0 0 0 rg BT 216.83 486.60 Td (staf) Tj ET Q q 0 0 0 rg BT 231.09 486.60 Td (f ) Tj ET Q q 0 0 0 rg BT 236.63 486.60 Td (comments ) Tj ET Q q 0 0 0 rg BT 279.94 486.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 320.47 486.60 Td (our ) Tj ET Q q 0 0 0 rg BT 336.01 486.60 Td (periodic ) Tj ET Q q 0 0 0 rg BT 370.99 486.60 Td (or ) Tj ET Q q 0 0 0 rg BT 381.53 486.60 Td (current ) Tj ET Q q 0 0 0 rg BT 412.05 486.60 Td (reports ) Tj ET Q q 0 0 0 rg BT 442.03 486.60 Td (under ) Tj ET Q q 0 0 0 rg BT 467.01 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 481.44 486.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 523.08 486.60 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 66.44 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 77.27 474.60 Td (1934 ) Tj ET Q q 0 0 0 rg BT 99.77 474.60 Td (received ) Tj ET Q q 0 0 0 rg BT 136.13 474.60 Td (180 ) Tj ET Q q 0 0 0 rg BT 153.63 474.60 Td (days ) Tj ET Q q 0 0 0 rg BT 174.46 474.60 Td (or ) Tj ET Q q 0 0 0 rg BT 185.29 474.60 Td (more ) Tj ET Q q 0 0 0 rg BT 208.34 474.60 Td (before ) Tj ET Q q 0 0 0 rg BT 236.38 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.09 474.60 Td (end ) Tj ET Q q 0 0 0 rg BT 268.03 474.60 Td (of ) Tj ET Q q 0 0 0 rg BT 278.86 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 293.58 474.60 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 317.73 474.60 Td (year ) Tj ET Q q 0 0 0 rg BT 337.44 474.60 Td (to ) Tj ET Q q 0 0 0 rg BT 347.72 474.60 Td (which ) Tj ET Q q 0 0 0 rg BT 374.66 474.60 Td (this ) Tj ET Q q 0 0 0 rg BT 391.60 474.60 Td (annual ) Tj ET Q q 0 0 0 rg BT 420.76 474.60 Td (report ) Tj ET Q q 0 0 0 rg BT 447.14 474.60 Td (on ) Tj ET Q q 0 0 0 rg BT 459.64 474.60 Td (Form ) Tj ET Q q 0 0 0 rg BT 483.81 474.60 Td (10-K ) Tj ET Q q 0 0 0 rg BT 506.86 474.60 Td (relates.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 449.03505859375 m 128.7333984375 449.03505859375 l s q 0 0 0 rg BT 49.50 450.60 Td (Item 2.Pr) Tj ET Q q 0 0 0 rg BT 94.86 450.60 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Information ) Tj ET Q q 0 0 0 rg BT 117.85 426.60 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.75 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 173.54 426.60 Td (Company) Tj ET Q q 0 0 0 rg BT 215.21 426.60 Td (s ) Tj ET Q q 0 0 0 rg BT 221.68 426.60 Td (properties ) Tj ET Q q 0 0 0 rg BT 264.25 426.60 Td (called ) Tj ET Q q 0 0 0 rg BT 290.71 426.60 Td (for ) Tj ET Q q 0 0 0 rg BT 304.95 426.60 Td (by ) Tj ET Q q 0 0 0 rg BT 317.53 426.60 Td (this ) Tj ET Q q 0 0 0 rg BT 334.57 426.60 Td (item ) Tj ET Q q 0 0 0 rg BT 354.92 426.60 Td (is ) Tj ET Q q 0 0 0 rg BT 364.17 426.60 Td (included ) Tj ET Q q 0 0 0 rg BT 401.19 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 411.55 426.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 432.46 426.60 Td (1) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 437.46 426.60 Td (, ) Tj ET Q q 0 0 0 rg BT 442.54 426.60 Td (Business ) Tj ET Q q 0 0 0 rg BT 480.13 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 497.71 426.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 507.34 426.60 Td (operties ) Tj ET Q q 0 0 0 rg BT 542.14 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.72 426.60 Td (Oil ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.48 414.60 Td (Natural ) Tj ET Q q 0 0 0 rg BT 101.58 414.60 Td (Gas ) Tj ET Q q 0 0 0 rg BT 120.68 414.60 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.68 414.60 Td (.) Tj ET Q q 0 0 0 rg BT 173.00 414.60 Td (W) Tj ET Q q 0 0 0 rg BT 181.64 414.60 Td (e ) Tj ET Q q 0 0 0 rg BT 189.06 414.60 Td (also ) Tj ET Q q 0 0 0 rg BT 208.15 414.60 Td (have ) Tj ET Q q 0 0 0 rg BT 230.01 414.60 Td (various ) Tj ET Q q 0 0 0 rg BT 262.43 414.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 303.17 414.60 Td (leases ) Tj ET Q q 0 0 0 rg BT 330.03 414.60 Td (for ) Tj ET Q q 0 0 0 rg BT 344.68 414.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 370.42 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 381.73 414.60 Td (of) Tj ET Q q 0 0 0 rg BT 389.88 414.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 407.85 414.60 Td (space, ) Tj ET Q q 0 0 0 rg BT 435.54 414.60 Td (of) Tj ET Q q 0 0 0 rg BT 443.69 414.60 Td (fice ) Tj ET Q q 0 0 0 rg BT 461.66 414.60 Td (and ) Tj ET Q q 0 0 0 rg BT 479.08 414.60 Td (field ) Tj ET Q q 0 0 0 rg BT 500.39 414.60 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 548.08 414.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.60 Td (vehicles.See ) Tj ET Q q 0 0 0 rg BT 105.61 402.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 125.35 402.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 134.27 402.60 Td (Management) Tj ET Q q 0 0 0 rg BT 188.51 402.60 Td (s ) Tj ET Q q 0 0 0 rg BT 193.82 402.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 239.12 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 255.43 402.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 290.73 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 299.92 402.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 340.22 402.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 381.63 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.05 402.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 428.35 402.60 Td (of ) Tj ET Q q 0 0 0 rg BT 437.54 402.60 Td (Operations) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 482.54 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.95 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 490.36 402.60 Td (Capital ) Tj ET Q q 0 0 0 rg BT 521.78 402.60 Td (Resour) Tj ET Q q 0 0 0 rg BT 549.74 402.60 Td (ces ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 67.26 390.60 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 106.12 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 113.88 390.60 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 165.51 390.60 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 189.72 390.60 Td (Arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.38 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 251.63 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.83 390.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 291.02 390.60 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.02 390.60 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 306.28 390.60 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 364.03 390.60 Td (and ) Tj ET Q q 0 0 0 rg BT 381.79 390.60 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.00 390.60 Td (, ) Tj ET Q q 0 0 0 rg BT 444.25 390.60 Td (to ) Tj ET Q q 0 0 0 rg BT 454.79 390.60 Td (the ) Tj ET Q q 0 0 0 rg BT 469.76 390.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 525.29 390.60 Td (Financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.60 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 378.60 Td (for ) Tj ET Q q 0 0 0 rg BT 110.04 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.76 378.60 Td (future ) Tj ET Q q 0 0 0 rg BT 151.14 378.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 192.53 378.60 Td (rental ) Tj ET Q q 0 0 0 rg BT 217.79 378.60 Td (payments.Such ) Tj ET Q q 0 0 0 rg BT 286.12 378.60 Td (information ) Tj ET Q q 0 0 0 rg BT 335.83 378.60 Td (is ) Tj ET Q q 0 0 0 rg BT 345.00 378.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 398.03 378.60 Td (herein ) Tj ET Q q 0 0 0 rg BT 425.52 378.60 Td (by ) Tj ET Q q 0 0 0 rg BT 438.02 378.60 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 353.03505859375 m 162.3515625 353.03505859375 l s q 0 0 0 rg BT 49.50 354.60 Td (Item 3.Legal Pr) Tj ET Q q 0 0 0 rg BT 121.24 354.60 Td (oceedings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 330.60 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 330.60 Td (e ) Tj ET Q q 0 0 0 rg BT 83.82 330.60 Td (are ) Tj ET Q q 0 0 0 rg BT 99.26 330.60 Td (involved ) Tj ET Q q 0 0 0 rg BT 137.50 330.60 Td (in ) Tj ET Q q 0 0 0 rg BT 148.52 330.60 Td (various ) Tj ET Q q 0 0 0 rg BT 181.19 330.60 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 219.71 330.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 249.06 330.60 Td (and ) Tj ET Q q 0 0 0 rg BT 266.73 330.60 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.07 330.60 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 362.62 330.60 Td (incidental ) Tj ET Q q 0 0 0 rg BT 405.29 330.60 Td (to ) Tj ET Q q 0 0 0 rg BT 416.31 330.60 Td (our ) Tj ET Q q 0 0 0 rg BT 432.88 330.60 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 480.84 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 483.85 330.60 Td (While ) Tj ET Q q 0 0 0 rg BT 511.52 330.60 Td (we ) Tj ET Q q 0 0 0 rg BT 526.42 330.60 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.60 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.92 318.60 Td (that ) Tj ET Q q 0 0 0 rg BT 98.46 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 318.60 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 148.54 318.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 185.52 318.60 Td (of ) Tj ET Q q 0 0 0 rg BT 196.39 318.60 Td (these ) Tj ET Q q 0 0 0 rg BT 219.49 318.60 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 272.85 318.60 Td (individually ) Tj ET Q q 0 0 0 rg BT 323.73 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 318.60 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 318.60 Td (the ) Tj ET Q q 0 0 0 rg BT 365.80 318.60 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 409.71 318.60 Td (will ) Tj ET Q q 0 0 0 rg BT 427.81 318.60 Td (not ) Tj ET Q q 0 0 0 rg BT 443.14 318.60 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 318.60 Td (a ) Tj ET Q q 0 0 0 rg BT 471.54 318.60 Td (material ) Tj ET Q q 0 0 0 rg BT 506.85 318.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.93 318.60 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 318.60 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.60 Td (on ) Tj ET Q q 0 0 0 rg BT 60.86 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 75.56 306.60 Td (business ) Tj ET Q q 0 0 0 rg BT 110.82 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 120.51 306.60 Td (finances, ) Tj ET Q q 0 0 0 rg BT 157.69 306.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 195.16 306.60 Td (is ) Tj ET Q q 0 0 0 rg BT 203.20 306.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 232.89 306.60 Td (to ) Tj ET Q q 0 0 0 rg BT 242.03 306.60 Td (inherent ) Tj ET Q q 0 0 0 rg BT 276.16 306.60 Td (uncertainties. ) Tj ET Q q 0 0 0 rg BT 331.11 306.60 Td ( ) Tj ET Q q 0 0 0 rg BT 332.18 306.60 Td (Although ) Tj ET Q q 0 0 0 rg BT 371.32 306.60 Td (a ) Tj ET Q q 0 0 0 rg BT 377.12 306.60 Td (single ) Tj ET Q q 0 0 0 rg BT 402.38 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 412.07 306.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 446.76 306.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 478.67 306.60 Td (rulings ) Tj ET Q q 0 0 0 rg BT 507.81 306.60 Td (or ) Tj ET Q q 0 0 0 rg BT 517.50 306.60 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.60 Td (could ) Tj ET Q q 0 0 0 rg BT 74.27 294.60 Td (possibly ) Tj ET Q q 0 0 0 rg BT 110.16 294.60 Td (have ) Tj ET Q q 0 0 0 rg BT 131.59 294.60 Td (a ) Tj ET Q q 0 0 0 rg BT 138.59 294.60 Td (material ) Tj ET Q q 0 0 0 rg BT 173.90 294.60 Td (adverse ) Tj ET Q q 0 0 0 rg BT 206.99 294.60 Td (ef) Tj ET Q q 0 0 0 rg BT 214.58 294.60 Td (fect ) Tj ET Q q 0 0 0 rg BT 232.12 294.60 Td (on ) Tj ET Q q 0 0 0 rg BT 244.67 294.60 Td (our ) Tj ET Q q 0 0 0 rg BT 260.55 294.60 Td (business ) Tj ET Q q 0 0 0 rg BT 297.00 294.60 Td (or ) Tj ET Q q 0 0 0 rg BT 307.88 294.60 Td (finances, ) Tj ET Q q 0 0 0 rg BT 346.25 294.60 Td (we ) Tj ET Q q 0 0 0 rg BT 360.47 294.60 Td (only ) Tj ET Q q 0 0 0 rg BT 380.80 294.60 Td (accrue ) Tj ET Q q 0 0 0 rg BT 409.44 294.60 Td (for ) Tj ET Q q 0 0 0 rg BT 423.65 294.60 Td (losses ) Tj ET Q q 0 0 0 rg BT 450.10 294.60 Td (from ) Tj ET Q q 0 0 0 rg BT 472.09 294.60 Td (litigation ) Tj ET Q q 0 0 0 rg BT 510.75 294.60 Td (and ) Tj ET Q q 0 0 0 rg BT 527.74 294.60 Td (claims ) Tj ET Q q 0 0 0 rg BT 556.40 294.60 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (we ) Tj ET Q q 0 0 0 rg BT 63.66 282.60 Td (determine ) Tj ET Q q 0 0 0 rg BT 106.14 282.60 Td (that ) Tj ET Q q 0 0 0 rg BT 123.64 282.60 Td (a ) Tj ET Q q 0 0 0 rg BT 130.57 282.60 Td (loss ) Tj ET Q q 0 0 0 rg BT 148.64 282.60 Td (is ) Tj ET Q q 0 0 0 rg BT 157.81 282.60 Td (probable ) Tj ET Q q 0 0 0 rg BT 195.29 282.60 Td (and ) Tj ET Q q 0 0 0 rg BT 212.23 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 226.95 282.60 Td (amount ) Tj ET Q q 0 0 0 rg BT 259.44 282.60 Td (can ) Tj ET Q q 0 0 0 rg BT 275.82 282.60 Td (be ) Tj ET Q q 0 0 0 rg BT 287.76 282.60 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 333.57 282.60 Td (estimated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 258.60 Td (Potential ) Tj ET Q q 0 0 0 rg BT 88.66 258.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 136.17 258.60 Td (Envir) Tj ET Q q 0 0 0 rg BT 158.02 258.60 Td (onmental ) Tj ET Q q 0 0 0 rg BT 197.55 258.60 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 258.93 258.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 268.56 258.60 Td (oceeding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (For ) Tj ET Q q 0 0 0 rg BT 84.55 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 99.93 234.60 Td (past ) Tj ET Q q 0 0 0 rg BT 119.19 234.60 Td (two ) Tj ET Q q 0 0 0 rg BT 137.35 234.60 Td (years, ) Tj ET Q q 0 0 0 rg BT 164.11 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 179.49 234.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 221.53 234.60 Td (has ) Tj ET Q q 0 0 0 rg BT 238.02 234.60 Td (been ) Tj ET Q q 0 0 0 rg BT 260.06 234.60 Td (in ) Tj ET Q q 0 0 0 rg BT 271.00 234.60 Td (negotiations ) Tj ET Q q 0 0 0 rg BT 323.04 234.60 Td (with ) Tj ET Q q 0 0 0 rg BT 343.97 234.60 Td (the ) Tj ET Q q 0 0 0 rg BT 359.35 234.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 408.08 234.60 Td (Department ) Tj ET Q q 0 0 0 rg BT 458.44 234.60 Td (of ) Tj ET Q q 0 0 0 rg BT 469.93 234.60 Td (Environmental ) Tj ET Q q 0 0 0 rg BT 532.52 234.60 Td (Quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.60 Td (\(MDEQ\) ) Tj ET Q q 0 0 0 rg BT 96.72 222.60 Td (that ) Tj ET Q q 0 0 0 rg BT 113.96 222.60 Td (began ) Tj ET Q q 0 0 0 rg BT 140.08 222.60 Td (following ) Tj ET Q q 0 0 0 rg BT 181.21 222.60 Td (receipt ) Tj ET Q q 0 0 0 rg BT 210.66 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 221.23 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 227.92 222.60 Td (February ) Tj ET Q q 0 0 0 rg BT 266.26 222.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 288.50 222.60 Td (notice ) Tj ET Q q 0 0 0 rg BT 315.18 222.60 Td (from ) Tj ET Q q 0 0 0 rg BT 336.86 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 351.32 222.60 Td (MDEQ ) Tj ET Q q 0 0 0 rg BT 383.01 222.60 Td (related ) Tj ET Q q 0 0 0 rg BT 412.45 222.60 Td (to ) Tj ET Q q 0 0 0 rg BT 422.48 222.60 Td (a ) Tj ET Q q 0 0 0 rg BT 429.16 222.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 457.85 222.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 469.54 222.60 Td (of ) Tj ET Q q 0 0 0 rg BT 480.11 222.60 Td (materials ) Tj ET Q q 0 0 0 rg BT 519.00 222.60 Td (at ) Tj ET Q q 0 0 0 rg BT 528.46 222.60 Td (the ) Tj ET Q q 0 0 0 rg BT 542.76 222.60 Td (W) Tj ET Q q 0 0 0 rg BT 551.40 222.60 Td (est ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.60 Td (Heidelber) Tj ET Q q 0 0 0 rg BT 88.74 210.60 Td (g ) Tj ET Q q 0 0 0 rg BT 96.22 210.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 119.25 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 129.50 210.60 Td (Jasper ) Tj ET Q q 0 0 0 rg BT 156.97 210.60 Td (County) Tj ET Q q 0 0 0 rg BT 185.77 210.60 Td (, ) Tj ET Q q 0 0 0 rg BT 190.74 210.60 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 238.79 210.60 Td (in ) Tj ET Q q 0 0 0 rg BT 249.04 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.73 210.60 Td (third ) Tj ET Q q 0 0 0 rg BT 285.09 210.60 Td (quarter ) Tj ET Q q 0 0 0 rg BT 315.88 210.60 Td (of ) Tj ET Q q 0 0 0 rg BT 326.69 210.60 Td (2013. ) Tj ET Q q 0 0 0 rg BT 351.66 210.60 Td ( ) Tj ET Q q 0 0 0 rg BT 354.14 210.60 Td (Based ) Tj ET Q q 0 0 0 rg BT 381.05 210.60 Td (upon ) Tj ET Q q 0 0 0 rg BT 403.52 210.60 Td (recent ) Tj ET Q q 0 0 0 rg BT 430.42 210.60 Td (discussions ) Tj ET Q q 0 0 0 rg BT 478.46 210.60 Td (with ) Tj ET Q q 0 0 0 rg BT 498.71 210.60 Td (the ) Tj ET Q q 0 0 0 rg BT 513.40 210.60 Td (MDEQ, ) Tj ET Q q 0 0 0 rg BT 547.82 210.60 Td (it ) Tj ET Q q 0 0 0 rg BT 555.85 210.60 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.60 Td (currently ) Tj ET Q q 0 0 0 rg BT 87.67 198.60 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 133.62 198.60 Td (that ) Tj ET Q q 0 0 0 rg BT 150.69 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 157.21 198.60 Td (settlement ) Tj ET Q q 0 0 0 rg BT 200.39 198.60 Td (related ) Tj ET Q q 0 0 0 rg BT 229.67 198.60 Td (to ) Tj ET Q q 0 0 0 rg BT 239.53 198.60 Td (the ) Tj ET Q q 0 0 0 rg BT 253.82 198.60 Td (dischar) Tj ET Q q 0 0 0 rg BT 282.52 198.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 294.04 198.60 Td (providing ) Tj ET Q q 0 0 0 rg BT 335.00 198.60 Td (for ) Tj ET Q q 0 0 0 rg BT 348.74 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 355.26 198.60 Td (monetary ) Tj ET Q q 0 0 0 rg BT 395.10 198.60 Td (fine ) Tj ET Q q 0 0 0 rg BT 412.73 198.60 Td (as ) Tj ET Q q 0 0 0 rg BT 423.14 198.60 Td (a ) Tj ET Q q 0 0 0 rg BT 429.66 198.60 Td (civil ) Tj ET Q q 0 0 0 rg BT 449.51 198.60 Td (penalty ) Tj ET Q q 0 0 0 rg BT 481.02 198.60 Td (will ) Tj ET Q q 0 0 0 rg BT 498.66 198.60 Td (be ) Tj ET Q q 0 0 0 rg BT 510.17 198.60 Td (reached, ) Tj ET Q q 0 0 0 rg BT 545.84 198.60 Td (thus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.60 Td (eliminating ) Tj ET Q q 0 0 0 rg BT 97.17 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 111.51 186.60 Td (need ) Tj ET Q q 0 0 0 rg BT 132.51 186.60 Td (for ) Tj ET Q q 0 0 0 rg BT 146.30 186.60 Td (an ) Tj ET Q q 0 0 0 rg BT 157.86 186.60 Td (administrative ) Tj ET Q q 0 0 0 rg BT 217.19 186.60 Td (proceeding. ) Tj ET Q q 0 0 0 rg BT 266.24 186.60 Td ( ) Tj ET Q q 0 0 0 rg BT 268.21 186.60 Td (The ) Tj ET Q q 0 0 0 rg BT 285.88 186.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 326.89 186.60 Td (expects ) Tj ET Q q 0 0 0 rg BT 359.00 186.60 Td (any ) Tj ET Q q 0 0 0 rg BT 375.56 186.60 Td (such ) Tj ET Q q 0 0 0 rg BT 396.02 186.60 Td (fine ) Tj ET Q q 0 0 0 rg BT 413.69 186.60 Td (will ) Tj ET Q q 0 0 0 rg BT 431.37 186.60 Td (not ) Tj ET Q q 0 0 0 rg BT 446.27 186.60 Td (be ) Tj ET Q q 0 0 0 rg BT 457.83 186.60 Td (material ) Tj ET Q q 0 0 0 rg BT 492.72 186.60 Td (to ) Tj ET Q q 0 0 0 rg BT 502.62 186.60 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 186.60 Td (Company) Tj ET Q q 0 0 0 rg BT 558.62 186.60 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.60 Td (business ) Tj ET Q q 0 0 0 rg BT 85.89 174.60 Td (or ) Tj ET Q q 0 0 0 rg BT 96.72 174.60 Td (financial ) Tj ET Q q 0 0 0 rg BT 134.20 174.60 Td (condition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 150.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.54 150.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.37 150.60 Td (Helium ) Tj ET Q q 0 0 0 rg BT 130.31 150.60 Td (Supply ) Tj ET Q q 0 0 0 rg BT 160.02 150.60 Td (Contract ) Tj ET Q q 0 0 0 rg BT 198.08 150.60 Td (Claim) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 126.60 Td (As ) Tj ET Q q 0 0 0 rg BT 82.00 126.60 Td (part ) Tj ET Q q 0 0 0 rg BT 100.93 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 126.60 Td (our ) Tj ET Q q 0 0 0 rg BT 129.36 126.60 Td (2010 ) Tj ET Q q 0 0 0 rg BT 152.75 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 170.57 126.60 Td (201) Tj ET Q q 0 0 0 rg BT 185.20 126.60 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.58 126.60 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 244.74 126.60 Td (of ) Tj ET Q q 0 0 0 rg BT 256.46 126.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 126.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 297.11 126.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 324.38 126.60 Td (Unit ) Tj ET Q q 0 0 0 rg BT 345.55 126.60 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 126.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.85 126.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 424.56 126.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 470.72 126.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 502.42 126.60 Td (that ) Tj ET Q q 0 0 0 rg BT 520.80 126.60 Td (was ) Tj ET Q q 0 0 0 rg BT 539.74 126.60 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.60 Td (construction, ) Tj ET Q q 0 0 0 rg BT 103.52 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 117.26 114.60 Td (assumed ) Tj ET Q q 0 0 0 rg BT 153.78 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 160.30 114.60 Td (20-year ) Tj ET Q q 0 0 0 rg BT 192.92 114.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 222.77 114.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 251.52 114.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 285.81 114.60 Td (under ) Tj ET Q q 0 0 0 rg BT 310.66 114.60 Td (which ) Tj ET Q q 0 0 0 rg BT 337.18 114.60 Td (we ) Tj ET Q q 0 0 0 rg BT 350.92 114.60 Td (agreed ) Tj ET Q q 0 0 0 rg BT 379.64 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 389.50 114.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 418.26 114.60 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 114.60 Td (a ) Tj ET Q q 0 0 0 rg BT 434.64 114.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 479.48 114.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 520.43 114.60 Td (the ) Tj ET Q q 0 0 0 rg BT 534.73 114.60 Td (helium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.60 Td (separated ) Tj ET Q q 0 0 0 rg BT 89.04 102.60 Td (from ) Tj ET Q q 0 0 0 rg BT 110.25 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 124.25 102.60 Td (full ) Tj ET Q q 0 0 0 rg BT 139.92 102.60 Td (well ) Tj ET Q q 0 0 0 rg BT 158.92 102.60 Td (stream ) Tj ET Q q 0 0 0 rg BT 187.36 102.60 Td (by ) Tj ET Q q 0 0 0 rg BT 199.14 102.60 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.68 102.60 Td (of ) Tj ET Q q 0 0 0 rg BT 248.79 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.79 102.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 277.90 102.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 322.45 102.60 Td (facility) Tj ET Q q 0 0 0 rg BT 350.12 102.60 Td (. ) Tj ET Q q 0 0 0 rg BT 356.78 102.60 Td (The ) Tj ET Q q 0 0 0 rg BT 374.10 102.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 403.66 102.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 432.11 102.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 466.09 102.60 Td (provides ) Tj ET Q q 0 0 0 rg BT 502.31 102.60 Td (for ) Tj ET Q q 0 0 0 rg BT 515.75 102.60 Td (the ) Tj ET Q q 0 0 0 rg BT 529.75 102.60 Td (delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 90.60 Td (a ) Tj ET Q q 0 0 0 rg BT 67.81 90.60 Td (minimum ) Tj ET Q q 0 0 0 rg BT 109.48 90.60 Td (contracted ) Tj ET Q q 0 0 0 rg BT 153.89 90.60 Td (quantity ) Tj ET Q q 0 0 0 rg BT 189.44 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 200.54 90.60 Td (helium, ) Tj ET Q q 0 0 0 rg BT 233.58 90.60 Td (subject ) Tj ET Q q 0 0 0 rg BT 264.68 90.60 Td (to ) Tj ET Q q 0 0 0 rg BT 275.23 90.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 321.89 90.60 Td (after ) Tj ET Q q 0 0 0 rg BT 342.98 90.60 Td (startup ) Tj ET Q q 0 0 0 rg BT 372.96 90.60 Td (of ) Tj ET Q q 0 0 0 rg BT 384.07 90.60 Td (the ) Tj ET Q q 0 0 0 rg BT 399.06 90.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 423.49 90.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 450.15 90.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 466.26 90.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 511.80 90.60 Td (facility) Tj ET Q q 0 0 0 rg BT 539.47 90.60 Td (, ) Tj ET Q q 0 0 0 rg BT 544.74 90.60 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 92.26 78.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 130.01 78.60 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.87 78.60 Td (if ) Tj ET Q q 0 0 0 rg BT 172.74 78.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 211.60 78.60 Td (quantities ) Tj ET Q q 0 0 0 rg BT 253.25 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 264.35 78.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 294.89 78.60 Td (are ) Tj ET Q q 0 0 0 rg BT 309.86 78.60 Td (not ) Tj ET Q q 0 0 0 rg BT 325.40 78.60 Td (supplied ) Tj ET Q q 0 0 0 rg BT 362.06 78.60 Td (in ) Tj ET Q q 0 0 0 rg BT 372.60 78.60 Td (accordance ) Tj ET Q q 0 0 0 rg BT 420.33 78.60 Td (with ) Tj ET Q q 0 0 0 rg BT 440.87 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 455.85 78.60 Td (terms ) Tj ET Q q 0 0 0 rg BT 480.84 78.60 Td (of ) Tj ET Q q 0 0 0 rg BT 491.93 78.60 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 78.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 544.39 78.60 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 78.60 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 91.44 66.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 128.38 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 142.54 66.60 Td (capped ) Tj ET Q q 0 0 0 rg BT 172.81 66.60 Td (at ) Tj ET Q q 0 0 0 rg BT 181.98 66.60 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 201.43 66.60 Td (million ) Tj ET Q q 0 0 0 rg BT 232.27 66.60 Td (per ) Tj ET Q q 0 0 0 rg BT 246.99 66.60 Td (contract ) Tj ET Q q 0 0 0 rg BT 281.15 66.60 Td (year ) Tj ET Q q 0 0 0 rg BT 300.31 66.60 Td (and ) Tj ET Q q 0 0 0 rg BT 316.70 66.60 Td (are ) Tj ET Q q 0 0 0 rg BT 330.86 66.60 Td (capped ) Tj ET Q q 0 0 0 rg BT 361.12 66.60 Td (at ) Tj ET Q q 0 0 0 rg BT 370.29 66.60 Td (an ) Tj ET Q q 0 0 0 rg BT 381.68 66.60 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 422.50 66.60 Td (of ) Tj ET Q q 0 0 0 rg BT 432.78 66.60 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 457.23 66.60 Td (million ) Tj ET Q q 0 0 0 rg BT 488.08 66.60 Td (over ) Tj ET Q q 0 0 0 rg BT 507.80 66.60 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 66.60 Td (remaining ) Tj ET Q endstream endobj 65 0 obj <> endobj 66 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (term ) Tj ET Q q 0 0 0 rg BT 70.50 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 81.50 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 96.40 726.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 133.77 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 135.86 726.60 Td (As ) Tj ET Q q 0 0 0 rg BT 149.65 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 164.54 726.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 180.54 726.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 225.99 726.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 256.98 726.60 Td (has ) Tj ET Q q 0 0 0 rg BT 272.99 726.60 Td (been ) Tj ET Q q 0 0 0 rg BT 294.54 726.60 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 324.99 726.60 Td (since ) Tj ET Q q 0 0 0 rg BT 348.21 726.60 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 392.27 726.60 Td (we ) Tj ET Q q 0 0 0 rg BT 406.61 726.60 Td (have ) Tj ET Q q 0 0 0 rg BT 428.16 726.60 Td (not ) Tj ET Q q 0 0 0 rg BT 443.61 726.60 Td (been ) Tj ET Q q 0 0 0 rg BT 465.17 726.60 Td (able ) Tj ET Q q 0 0 0 rg BT 484.50 726.60 Td (to ) Tj ET Q q 0 0 0 rg BT 494.95 726.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 524.29 726.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 554.74 726.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 63.66 714.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 108.37 714.60 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 149.17 714.60 Td (under ) Tj ET Q q 0 0 0 rg BT 173.89 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 188.04 714.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 217.76 714.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 246.37 714.60 Td (contract. ) Tj ET Q q 0 0 0 rg BT 285.52 714.60 Td (In ) Tj ET Q q 0 0 0 rg BT 295.79 714.60 Td (a ) Tj ET Q q 0 0 0 rg BT 302.17 714.60 Td (case ) Tj ET Q q 0 0 0 rg BT 321.32 714.60 Td (originally ) Tj ET Q q 0 0 0 rg BT 362.14 714.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 382.41 714.60 Td (in ) Tj ET Q q 0 0 0 rg BT 392.13 714.60 Td (November ) Tj ET Q q 0 0 0 rg BT 436.28 714.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 458.22 714.60 Td (by ) Tj ET Q q 0 0 0 rg BT 469.74 714.60 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 506.69 714.60 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 541.12 714.60 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 702.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 110.29 702.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 140.96 702.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 179.43 702.60 Td (, ) Tj ET Q q 0 0 0 rg BT 184.83 702.60 Td (in ) Tj ET Q q 0 0 0 rg BT 195.51 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 210.63 702.60 Td (Ninth ) Tj ET Q q 0 0 0 rg BT 236.31 702.60 Td (Judicial ) Tj ET Q q 0 0 0 rg BT 270.32 702.60 Td (District ) Tj ET Q q 0 0 0 rg BT 303.22 702.60 Td (Court ) Tj ET Q q 0 0 0 rg BT 328.90 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 340.13 702.60 Td (Sublette ) Tj ET Q q 0 0 0 rg BT 375.81 702.60 Td (County) Tj ET Q q 0 0 0 rg BT 404.61 702.60 Td (, ) Tj ET Q q 0 0 0 rg BT 409.80 702.60 Td (W) Tj ET Q q 0 0 0 rg BT 418.64 702.60 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 454.60 702.60 Td (after ) Tj ET Q q 0 0 0 rg BT 475.82 702.60 Td (a ) Tj ET Q q 0 0 0 rg BT 483.16 702.60 Td (week ) Tj ET Q q 0 0 0 rg BT 507.16 702.60 Td (of ) Tj ET Q q 0 0 0 rg BT 518.39 702.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 537.40 702.60 Td (on ) Tj ET Q q 0 0 0 rg BT 550.30 702.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (third-party ) Tj ET Q q 0 0 0 rg BT 94.65 690.60 Td (purchaser) Tj ET Q q 0 0 0 rg BT 133.89 690.60 Td () Tj ET Q q 0 0 0 rg BT 136.67 690.60 Td (s ) Tj ET Q q 0 0 0 rg BT 142.95 690.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 167.54 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 181.59 690.60 Td (multiple ) Tj ET Q q 0 0 0 rg BT 217.31 690.60 Td (years ) Tj ET Q q 0 0 0 rg BT 240.79 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 251.51 690.60 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 293.89 690.60 Td (damages ) Tj ET Q q 0 0 0 rg BT 331.26 690.60 Td (for ) Tj ET Q q 0 0 0 rg BT 345.31 690.60 Td (non-delivery ) Tj ET Q q 0 0 0 rg BT 398.79 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 409.50 690.60 Td (volumes ) Tj ET Q q 0 0 0 rg BT 445.78 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.49 690.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 486.65 690.60 Td (specified ) Tj ET Q q 0 0 0 rg BT 525.13 690.60 Td (under ) Tj ET Q q 0 0 0 rg BT 550.29 690.60 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 80.08 678.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 109.56 678.60 Td (contract, ) Tj ET Q q 0 0 0 rg BT 147.07 678.60 Td (and ) Tj ET Q q 0 0 0 rg BT 164.32 678.60 Td (on ) Tj ET Q q 0 0 0 rg BT 177.13 678.60 Td (our ) Tj ET Q q 0 0 0 rg BT 193.27 678.60 Td (claim ) Tj ET Q q 0 0 0 rg BT 218.29 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 236.09 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 251.12 678.60 Td (contractual ) Tj ET Q q 0 0 0 rg BT 298.35 678.60 Td (obligation ) Tj ET Q q 0 0 0 rg BT 341.71 678.60 Td (is ) Tj ET Q q 0 0 0 rg BT 351.19 678.60 Td (excused ) Tj ET Q q 0 0 0 rg BT 386.20 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 399.01 678.60 Td (virtue ) Tj ET Q q 0 0 0 rg BT 425.15 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 436.29 678.60 Td (events ) Tj ET Q q 0 0 0 rg BT 464.64 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 482.45 678.60 Td (fall ) Tj ET Q q 0 0 0 rg BT 498.58 678.60 Td (within ) Tj ET Q q 0 0 0 rg BT 526.95 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 678.60 Td (force ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (majeure ) Tj ET Q q 0 0 0 rg BT 84.00 666.60 Td (provisions ) Tj ET Q q 0 0 0 rg BT 127.98 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 138.06 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 152.58 666.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 182.65 666.60 Td (supply ) Tj ET Q q 0 0 0 rg BT 211.62 666.60 Td (contract, ) Tj ET Q q 0 0 0 rg BT 248.63 666.60 Td (the ) Tj ET Q q 0 0 0 rg BT 263.15 666.60 Td (trial ) Tj ET Q q 0 0 0 rg BT 281.55 666.60 Td (was ) Tj ET Q q 0 0 0 rg BT 299.41 666.60 Td (stayed ) Tj ET Q q 0 0 0 rg BT 327.26 666.60 Td (in ) Tj ET Q q 0 0 0 rg BT 337.34 666.60 Td (late ) Tj ET Q q 0 0 0 rg BT 354.07 666.60 Td (February ) Tj ET Q q 0 0 0 rg BT 392.47 666.60 Td (2017 ) Tj ET Q q 0 0 0 rg BT 414.78 666.60 Td (until ) Tj ET Q q 0 0 0 rg BT 435.41 666.60 Td (a ) Tj ET Q q 0 0 0 rg BT 442.15 666.60 Td (later ) Tj ET Q q 0 0 0 rg BT 462.22 666.60 Td (date ) Tj ET Q q 0 0 0 rg BT 481.18 666.60 Td (yet ) Tj ET Q q 0 0 0 rg BT 495.70 666.60 Td (to ) Tj ET Q q 0 0 0 rg BT 505.78 666.60 Td (be ) Tj ET Q q 0 0 0 rg BT 517.52 666.60 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.60 Td (by ) Tj ET Q q 0 0 0 rg BT 62.01 654.60 Td (the ) Tj ET Q q 0 0 0 rg BT 76.74 654.60 Td (District ) Tj ET Q q 0 0 0 rg BT 109.24 654.60 Td (Court. ) Tj ET Q q 0 0 0 rg BT 137.03 654.60 Td ( ) Tj ET Q q 0 0 0 rg BT 139.36 654.60 Td (The ) Tj ET Q q 0 0 0 rg BT 157.41 654.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 198.81 654.60 Td (plans ) Tj ET Q q 0 0 0 rg BT 222.43 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 232.72 654.60 Td (continue ) Tj ET Q q 0 0 0 rg BT 269.66 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 279.95 654.60 Td (vigorously ) Tj ET Q q 0 0 0 rg BT 325.24 654.60 Td (defend ) Tj ET Q q 0 0 0 rg BT 354.95 654.60 Td (its ) Tj ET Q q 0 0 0 rg BT 366.91 654.60 Td (position, ) Tj ET Q q 0 0 0 rg BT 404.15 654.60 Td (but ) Tj ET Q q 0 0 0 rg BT 419.44 654.60 Td (we ) Tj ET Q q 0 0 0 rg BT 433.61 654.60 Td (are ) Tj ET Q q 0 0 0 rg BT 448.32 654.60 Td (unable ) Tj ET Q q 0 0 0 rg BT 477.49 654.60 Td (to ) Tj ET Q q 0 0 0 rg BT 487.78 654.60 Td (predict ) Tj ET Q q 0 0 0 rg BT 518.05 654.60 Td (at ) Tj ET Q q 0 0 0 rg BT 527.78 654.60 Td (this ) Tj ET Q q 0 0 0 rg BT 544.73 654.60 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 642.60 Td (outcome ) Tj ET Q q 0 0 0 rg BT 101.15 642.60 Td (of ) Tj ET Q q 0 0 0 rg BT 111.98 642.60 Td (this ) Tj ET Q q 0 0 0 rg BT 128.93 642.60 Td (dispute.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 617.03505859375 m 186.5166015625 617.03505859375 l s q 0 0 0 rg BT 49.50 618.60 Td (Item 4.Mine Safety Disclosur) Tj ET Q q 0 0 0 rg BT 178.19 618.60 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (Not applicable.) Tj ET Q endstream endobj 67 0 obj <> endobj 68 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 287.85 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 293.22 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 307.31 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 313.80 726.75 Td ( II) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 524.48046875 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item 5.Market for) Tj ET Q q 0 0 0 rg BT 131.79 702.75 Td ( Registrant) Tj ET Q q 0 0 0 rg BT 182.23 702.75 Td (s Common Equity) Tj ET Q q 0 0 0 rg BT 258.92 702.75 Td (, Related Stockholder) Tj ET Q q 0 0 0 rg BT 350.68 702.75 Td ( Matters and Issuer) Tj ET Q q 0 0 0 rg BT 434.10 702.75 Td ( Pur) Tj ET Q q 0 0 0 rg BT 452.53 702.75 Td (chases of Equity ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 689.18505859375 m 91.1552734375 689.18505859375 l s q 0 0 0 rg BT 49.50 690.75 Td (Securities) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Common ) Tj ET Q q 0 0 0 rg BT 88.11 666.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 112.27 666.75 Td (T) Tj ET Q q 0 0 0 rg BT 117.28 666.75 Td (rading ) Tj ET Q q 0 0 0 rg BT 146.45 666.75 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.39 642.75 Td (following ) Tj ET Q q 0 0 0 rg BT 128.62 642.75 Td (table ) Tj ET Q q 0 0 0 rg BT 151.39 642.75 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 202.50 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 218.05 642.75 Td (high ) Tj ET Q q 0 0 0 rg BT 239.17 642.75 Td (and ) Tj ET Q q 0 0 0 rg BT 256.95 642.75 Td (low ) Tj ET Q q 0 0 0 rg BT 275.29 642.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 311.95 642.75 Td (sales ) Tj ET Q q 0 0 0 rg BT 334.73 642.75 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.95 642.75 Td (on ) Tj ET Q q 0 0 0 rg BT 375.29 642.75 Td (days ) Tj ET Q q 0 0 0 rg BT 396.96 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 408.08 642.75 Td (which ) Tj ET Q q 0 0 0 rg BT 435.86 642.75 Td (there ) Tj ET Q q 0 0 0 rg BT 459.19 642.75 Td (were ) Tj ET Q q 0 0 0 rg BT 481.96 642.75 Td (trades ) Tj ET Q q 0 0 0 rg BT 509.18 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 642.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 558.62 642.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (common ) Tj ET Q q 0 0 0 rg BT 87.80 630.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.21 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 125.52 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 141.04 630.75 Td (New ) Tj ET Q q 0 0 0 rg BT 162.73 630.75 Td (Y) Tj ET Q q 0 0 0 rg BT 168.96 630.75 Td (ork ) Tj ET Q q 0 0 0 rg BT 185.59 630.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 211.67 630.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 254.40 630.75 Td (\(NYSE\) ) Tj ET Q q 0 0 0 rg BT 299.36 630.75 Td (for ) Tj ET Q q 0 0 0 rg BT 314.32 630.75 Td (each ) Tj ET Q q 0 0 0 rg BT 335.94 630.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 375.34 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 404.19 630.75 Td (for ) Tj ET Q q 0 0 0 rg BT 419.16 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 434.68 630.75 Td (last ) Tj ET Q q 0 0 0 rg BT 451.87 630.75 Td (two ) Tj ET Q q 0 0 0 rg BT 470.17 630.75 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 495.13 630.75 Td (years, ) Tj ET Q q 0 0 0 rg BT 522.04 630.75 Td (as ) Tj ET Q q 0 0 0 rg BT 533.67 630.75 Td (well ) Tj ET Q q 0 0 0 rg BT 554.19 630.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 90.74 618.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 126.95 618.75 Td (within ) Tj ET Q q 0 0 0 rg BT 154.85 618.75 Td (those ) Tj ET Q q 0 0 0 rg BT 178.31 618.75 Td (periods.Prior ) Tj ET Q q 0 0 0 rg BT 237.60 618.75 Td (to ) Tj ET Q q 0 0 0 rg BT 247.72 618.75 Td (2014, ) Tj ET Q q 0 0 0 rg BT 272.57 618.75 Td (we ) Tj ET Q q 0 0 0 rg BT 286.58 618.75 Td (had ) Tj ET Q q 0 0 0 rg BT 303.37 618.75 Td (not ) Tj ET Q q 0 0 0 rg BT 318.49 618.75 Td (historically ) Tj ET Q q 0 0 0 rg BT 365.83 618.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 402.04 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 412.72 618.75 Td (paid ) Tj ET Q q 0 0 0 rg BT 432.29 618.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 473.52 618.75 Td (on ) Tj ET Q q 0 0 0 rg BT 485.87 618.75 Td (our ) Tj ET Q q 0 0 0 rg BT 501.55 618.75 Td (common ) Tj ET Q q 0 0 0 rg BT 538.89 618.75 Td (stock. ) Tj ET Q q 0 0 0 rg BT 565.00 618.75 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (As ) Tj ET Q q 0 0 0 rg BT 63.10 606.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 73.92 606.75 Td (January31, ) Tj ET Q q 0 0 0 rg BT 122.51 606.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.51 606.75 Td (, ) Tj ET Q q 0 0 0 rg BT 147.50 606.75 Td (based ) Tj ET Q q 0 0 0 rg BT 172.76 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 185.25 606.75 Td (information ) Tj ET Q q 0 0 0 rg BT 234.95 606.75 Td (from ) Tj ET Q q 0 0 0 rg BT 256.88 606.75 Td (the ) Tj ET Q q 0 0 0 rg BT 271.59 606.75 Td (Company) Tj ET Q q 0 0 0 rg BT 313.25 606.75 Td (s ) Tj ET Q q 0 0 0 rg BT 319.64 606.75 Td (transfer ) Tj ET Q q 0 0 0 rg BT 352.66 606.75 Td (agent, ) Tj ET Q q 0 0 0 rg BT 378.76 606.75 Td (American ) Tj ET Q q 0 0 0 rg BT 420.67 606.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 445.76 606.75 Td (T) Tj ET Q q 0 0 0 rg BT 451.52 606.75 Td (ransfer ) Tj ET Q q 0 0 0 rg BT 481.77 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 498.52 606.75 Td (T) Tj ET Q q 0 0 0 rg BT 504.27 606.75 Td (rust ) Tj ET Q q 0 0 0 rg BT 521.76 606.75 Td (Company) Tj ET Q q 0 0 0 rg BT 560.00 606.75 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.76 594.75 Td (number ) Tj ET Q q 0 0 0 rg BT 98.36 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.73 594.75 Td (holders ) Tj ET Q q 0 0 0 rg BT 142.22 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.59 594.75 Td (record ) Tj ET Q q 0 0 0 rg BT 182.17 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.55 594.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 231.32 594.75 Td (s ) Tj ET Q q 0 0 0 rg BT 238.26 594.75 Td (common ) Tj ET Q q 0 0 0 rg BT 276.30 594.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 300.45 594.75 Td (was ) Tj ET Q q 0 0 0 rg BT 319.05 594.75 Td (1,993.On ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.32 594.75 Td (February28, ) Tj ET Q q 0 0 0 rg BT 418.46 594.75 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.46 594.75 Td (, ) Tj ET Q q 0 0 0 rg BT 444.01 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 594.75 Td (last ) Tj ET Q q 0 0 0 rg BT 476.20 594.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 512.56 594.75 Td (sale ) Tj ET Q q 0 0 0 rg BT 531.16 594.75 Td (price ) Tj ET Q q 0 0 0 rg BT 554.19 594.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Denbury) Tj ET Q q 0 0 0 rg BT 87.27 582.75 Td (s ) Tj ET Q q 0 0 0 rg BT 93.66 582.75 Td (common ) Tj ET Q q 0 0 0 rg BT 131.16 582.75 Td (stock, ) Tj ET Q q 0 0 0 rg BT 157.26 582.75 Td (as ) Tj ET Q q 0 0 0 rg BT 168.09 582.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 203.91 582.75 Td (on ) Tj ET Q q 0 0 0 rg BT 216.41 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 582.75 Td (NYSE, ) Tj ET Q q 0 0 0 rg BT 262.24 582.75 Td (was ) Tj ET Q q 0 0 0 rg BT 280.29 582.75 Td ($2.71 ) Tj ET Q q 0 0 0 rg BT 305.29 582.75 Td (per ) Tj ET Q q 0 0 0 rg BT 320.56 582.75 Td (share.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 536.25 96.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 145.50 536.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 210.50 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 214.50 536.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.50 536.25 68.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.50 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.50 536.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 420.50 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.50 536.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 536.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.50 536.25 68.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 506.25 96.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 145.50 506.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 210.50 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 214.50 506.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 283.50 506.25 68.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.50 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.50 506.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 420.50 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.50 506.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 506.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.50 506.25 68.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 557.25 m 210.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 210.5 557.25 m 214.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 557.25 m 279.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 557.25 m 283.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 557.25 m 351.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 557.25 m 420.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 420.5 557.25 m 424.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 557.25 m 489.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 557.25 m 493.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 557.25 m 561.5 557.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 145.5 536.25 m 210.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 214.5 536.25 m 279.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 283.5 536.25 m 351.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 536.25 m 420.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 536.25 m 489.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 536.25 m 561.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355.5 536.25 m 420.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424.5 536.25 m 489.5 536.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493.5 536.25 m 561.5 536.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 561.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.00 561.92 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.00 561.92 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 540.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.50 540.92 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.30 540.92 Td (Low) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 300.55 548.50 Td (Dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 286.10 540.50 Td (Declared Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.50 540.92 Td (High) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.30 540.92 Td (Low) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.55 548.50 Td (Dividends) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 496.10 540.50 Td (Declared Per Share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 525.92 Td (First Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.15 525.92 Td (3.66) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 525.92 Td (0.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 525.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 525.92 Td (8.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 525.92 Td (6.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.00 525.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 525.92 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 510.92 Td (Second Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.15 510.92 Td (4.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 510.92 Td (2.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 510.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 510.92 Td (9.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 510.92 Td (6.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 510.92 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 495.92 Td (Third Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.15 495.92 Td (3.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 495.92 Td (2.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 495.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 495.92 Td (5.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 495.92 Td (2.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 495.92 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 480.92 Td (Fourth Quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.15 480.92 Td (4.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.15 480.92 Td (2.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.65 480.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.15 480.92 Td (4.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.15 480.92 Td (1.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 480.92 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.75 Td (During ) Tj ET Q q 0 0 0 rg BT 98.46 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 113.31 452.75 Td (first ) Tj ET Q q 0 0 0 rg BT 132.05 452.75 Td (three ) Tj ET Q q 0 0 0 rg BT 154.67 452.75 Td (quarters ) Tj ET Q q 0 0 0 rg BT 189.51 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 200.47 452.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 225.60 452.75 Td (the ) Tj ET Q q 0 0 0 rg BT 240.45 452.75 Td (Company) Tj ET Q q 0 0 0 rg BT 282.11 452.75 Td (s ) Tj ET Q q 0 0 0 rg BT 288.64 452.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 315.71 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 326.67 452.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 366.51 452.75 Td (declared ) Tj ET Q q 0 0 0 rg BT 403.00 452.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 441.73 452.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 462.13 452.75 Td (dividends ) Tj ET Q q 0 0 0 rg BT 503.65 452.75 Td (of ) Tj ET Q q 0 0 0 rg BT 514.61 452.75 Td ($0.0625 ) Tj ET Q q 0 0 0 rg BT 549.74 452.75 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.75 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 440.75 Td (share. ) Tj ET Q q 0 0 0 rg BT 113.10 440.75 Td ( ) Tj ET Q q 0 0 0 rg BT 115.61 440.75 Td (In ) Tj ET Q q 0 0 0 rg BT 126.44 440.75 Td (September ) Tj ET Q q 0 0 0 rg BT 171.71 440.75 Td (2015, ) Tj ET Q q 0 0 0 rg BT 196.71 440.75 Td (in ) Tj ET Q q 0 0 0 rg BT 206.99 440.75 Td (light ) Tj ET Q q 0 0 0 rg BT 227.83 440.75 Td (of ) Tj ET Q q 0 0 0 rg BT 238.67 440.75 Td (the ) Tj ET Q q 0 0 0 rg BT 253.39 440.75 Td (continuing ) Tj ET Q q 0 0 0 rg BT 298.66 440.75 Td (low ) Tj ET Q q 0 0 0 rg BT 316.17 440.75 Td (oil ) Tj ET Q q 0 0 0 rg BT 329.23 440.75 Td (price ) Tj ET Q q 0 0 0 rg BT 351.72 440.75 Td (environment ) Tj ET Q q 0 0 0 rg BT 404.76 440.75 Td (and ) Tj ET Q q 0 0 0 rg BT 421.71 440.75 Td (our ) Tj ET Q q 0 0 0 rg BT 437.54 440.75 Td (desire ) Tj ET Q q 0 0 0 rg BT 463.92 440.75 Td (to ) Tj ET Q q 0 0 0 rg BT 474.20 440.75 Td (maintain ) Tj ET Q q 0 0 0 rg BT 511.70 440.75 Td (our ) Tj ET Q q 0 0 0 rg BT 527.53 440.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.75 Td (strength ) Tj ET Q q 0 0 0 rg BT 84.83 428.75 Td (and ) Tj ET Q q 0 0 0 rg BT 102.38 428.75 Td (flexibility) Tj ET Q q 0 0 0 rg BT 141.17 428.75 Td (, ) Tj ET Q q 0 0 0 rg BT 146.78 428.75 Td (the ) Tj ET Q q 0 0 0 rg BT 162.11 428.75 Td (Company) Tj ET Q q 0 0 0 rg BT 203.78 428.75 Td (s ) Tj ET Q q 0 0 0 rg BT 210.78 428.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 238.33 428.75 Td (of ) Tj ET Q q 0 0 0 rg BT 249.78 428.75 Td (Directors ) Tj ET Q q 0 0 0 rg BT 290.10 428.75 Td (suspended ) Tj ET Q q 0 0 0 rg BT 334.87 428.75 Td (our ) Tj ET Q q 0 0 0 rg BT 351.31 428.75 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 390.52 428.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 411.40 428.75 Td (dividend. ) Tj ET Q q 0 0 0 rg BT 452.01 428.75 Td ( ) Tj ET Q q 0 0 0 rg BT 455.12 428.75 Td (For ) Tj ET Q q 0 0 0 rg BT 472.12 428.75 Td (further ) Tj ET Q q 0 0 0 rg BT 502.44 428.75 Td (discussion, ) Tj ET Q q 0 0 0 rg BT 549.73 428.75 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.75 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.92 416.75 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.92 416.75 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.39 416.75 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 136.27 416.75 Td ( ) Tj ET Q q 0 0 0 rg BT 139.25 416.75 Td (Equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.35 416.75 Td (, ) Tj ET Q q 0 0 0 rg BT 170.83 416.75 Td (to ) Tj ET Q q 0 0 0 rg BT 181.58 416.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.78 416.75 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 252.53 416.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 292.72 416.75 Td (Statements. ) Tj ET Q q 0 0 0 rg BT 342.08 416.75 Td ( ) Tj ET Q q 0 0 0 rg BT 345.06 416.75 Td (No ) Tj ET Q q 0 0 0 rg BT 360.26 416.75 Td (unregistered ) Tj ET Q q 0 0 0 rg BT 412.66 416.75 Td (securities ) Tj ET Q q 0 0 0 rg BT 453.40 416.75 Td (were ) Tj ET Q q 0 0 0 rg BT 475.80 416.75 Td (sold ) Tj ET Q q 0 0 0 rg BT 495.45 416.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.43 416.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 416.75 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.75 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.11 404.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.11 404.75 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 380.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 64.13 380.75 Td (chases ) Tj ET Q q 0 0 0 rg BT 93.29 380.75 Td (of ) Tj ET Q q 0 0 0 rg BT 103.57 380.75 Td (Equity ) Tj ET Q q 0 0 0 rg BT 132.17 380.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 174.10 380.75 Td (by ) Tj ET Q q 0 0 0 rg BT 186.04 380.75 Td (the ) Tj ET Q q 0 0 0 rg BT 200.76 380.75 Td (Issuer ) Tj ET Q q 0 0 0 rg BT 227.70 380.75 Td (and ) Tj ET Q q 0 0 0 rg BT 245.02 380.75 Td (Affiliated ) Tj ET Q q 0 0 0 rg BT 284.74 380.75 Td (Pur) Tj ET Q q 0 0 0 rg BT 299.37 380.75 Td (chasers) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 322.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 322.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 322.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 322.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 322.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 322.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 322.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 322.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 322.25 89.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.50 292.25 190.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 240.50 292.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 244.50 292.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 292.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 292.25 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 378.50 292.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 382.50 292.25 85.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 467.50 292.25 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.50 292.25 89.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 322.25 m 240.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 322.25 m 309.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 322.25 m 378.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 322.25 m 467.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 322.25 m 560.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 471.5 322.25 m 560.5 322.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 277.25 m 309.5 277.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 277.25 m 467.5 277.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 263.25 m 309.5 263.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 244.5 261.25 m 309.5 261.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 263.25 m 467.5 263.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 382.5 261.25 m 467.5 261.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 134.30 326.50 Td (Month) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 254.20 342.50 Td (T) Tj ET Q q 0 0 0 rg BT 258.53 342.50 Td (otal Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 261.50 334.50 Td (of Shares ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 256.00 326.50 Td (Purchased ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 290.88 330.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 323.00 334.50 Td (Average Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.15 326.50 Td (Paid per Share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 386.20 350.50 Td (Total Number of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.95 342.50 Td (Purchased as Part of) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.90 334.50 Td (Publicly Announced) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.15 326.50 Td (Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 483.15 358.50 Td (Approximate Dollar ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.05 350.50 Td (V) Tj ET Q q 0 0 0 rg BT 479.94 350.50 Td (alue of Shares that May ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 476.20 342.50 Td (Y) Tj ET Q q 0 0 0 rg BT 481.18 342.50 Td (et Be Purchased Under ) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 480.25 334.50 Td (the Plans or Programs) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 490.55 326.50 Td ( \(in millions\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 534.33 330.13 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 311.92 Td (October 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 311.92 Td (3,350) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.00 311.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 311.92 Td (2.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 311.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.00 311.92 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 311.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 296.92 Td (November 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 296.92 Td (11,169) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 296.92 Td (2.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 296.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 296.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 281.92 Td (December 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.15 281.92 Td (3,061) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.15 281.92 Td (3.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 281.92 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 281.92 Td (210.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 266.92 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.15 266.92 Td (17,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.65 266.92 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.75 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 238.75 Td (Stock ) Tj ET Q q 0 0 0 rg BT 92.59 238.75 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 142.10 238.75 Td (during ) Tj ET Q q 0 0 0 rg BT 170.52 238.75 Td (the ) Tj ET Q q 0 0 0 rg BT 185.05 238.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 211.81 238.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 242.44 238.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.08 238.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.08 238.75 Td ( ) Tj ET Q q 0 0 0 rg BT 275.39 238.75 Td (were ) Tj ET Q q 0 0 0 rg BT 297.13 238.75 Td (made ) Tj ET Q q 0 0 0 rg BT 321.10 238.75 Td (in ) Tj ET Q q 0 0 0 rg BT 331.20 238.75 Td (connection ) Tj ET Q q 0 0 0 rg BT 377.38 238.75 Td (with ) Tj ET Q q 0 0 0 rg BT 397.47 238.75 Td (delivery ) Tj ET Q q 0 0 0 rg BT 432.55 238.75 Td (by ) Tj ET Q q 0 0 0 rg BT 444.86 238.75 Td (our ) Tj ET Q q 0 0 0 rg BT 460.51 238.75 Td (employees ) Tj ET Q q 0 0 0 rg BT 505.58 238.75 Td (of ) Tj ET Q q 0 0 0 rg BT 516.23 238.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 543.53 238.75 Td (to ) Tj ET Q q 0 0 0 rg BT 553.62 238.75 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 226.75 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 106.39 226.75 Td (their ) Tj ET Q q 0 0 0 rg BT 127.21 226.75 Td (tax ) Tj ET Q q 0 0 0 rg BT 141.93 226.75 Td (withholding ) Tj ET Q q 0 0 0 rg BT 192.76 226.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 247.47 226.75 Td (related ) Tj ET Q q 0 0 0 rg BT 277.17 226.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.45 226.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.16 226.75 Td (vesting ) Tj ET Q q 0 0 0 rg BT 333.55 226.75 Td (of ) Tj ET Q q 0 0 0 rg BT 344.38 226.75 Td (restricted ) Tj ET Q q 0 0 0 rg BT 384.08 226.75 Td (shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.75 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.75 Td (In ) Tj ET Q q 0 0 0 rg BT 78.58 202.75 Td (October ) Tj ET Q q 0 0 0 rg BT 113.54 202.75 Td (201) Tj ET Q q 0 0 0 rg BT 128.16 202.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 138.41 202.75 Td (we ) Tj ET Q q 0 0 0 rg BT 152.82 202.75 Td (commenced ) Tj ET Q q 0 0 0 rg BT 203.88 202.75 Td (a ) Tj ET Q q 0 0 0 rg BT 211.07 202.75 Td (common ) Tj ET Q q 0 0 0 rg BT 248.81 202.75 Td (share ) Tj ET Q q 0 0 0 rg BT 272.66 202.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 318.72 202.75 Td (program, ) Tj ET Q q 0 0 0 rg BT 357.84 202.75 Td (which ) Tj ET Q q 0 0 0 rg BT 385.03 202.75 Td (has ) Tj ET Q q 0 0 0 rg BT 401.11 202.75 Td (been ) Tj ET Q q 0 0 0 rg BT 422.73 202.75 Td (approved ) Tj ET Q q 0 0 0 rg BT 462.69 202.75 Td (for ) Tj ET Q q 0 0 0 rg BT 477.10 202.75 Td (up ) Tj ET Q q 0 0 0 rg BT 489.85 202.75 Td (to ) Tj ET Q q 0 0 0 rg BT 500.38 202.75 Td (an ) Tj ET Q q 0 0 0 rg BT 512.56 202.75 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 554.17 202.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 190.75 Td ($1.162 ) Tj ET Q q 0 0 0 rg BT 96.66 190.75 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 122.77 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 124.43 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.42 190.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 171.07 190.75 Td (common ) Tj ET Q q 0 0 0 rg BT 207.72 190.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 234.37 190.75 Td (by ) Tj ET Q q 0 0 0 rg BT 246.03 190.75 Td (the ) Tj ET Q q 0 0 0 rg BT 259.91 190.75 Td (Company) Tj ET Q q 0 0 0 rg BT 301.57 190.75 Td (s ) Tj ET Q q 0 0 0 rg BT 307.13 190.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 333.22 190.75 Td (of ) Tj ET Q q 0 0 0 rg BT 343.21 190.75 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 384.58 190.75 Td ( ) Tj ET Q q 0 0 0 rg BT 386.12 190.75 Td (This ) Tj ET Q q 0 0 0 rg BT 405.55 190.75 Td (program ) Tj ET Q q 0 0 0 rg BT 441.09 190.75 Td (has ) Tj ET Q q 0 0 0 rg BT 456.08 190.75 Td (ef) Tj ET Q q 0 0 0 rg BT 463.67 190.75 Td (fectively ) Tj ET Q q 0 0 0 rg BT 500.31 190.75 Td (been ) Tj ET Q q 0 0 0 rg BT 520.84 190.75 Td (suspended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 83.70 178.75 Td (we ) Tj ET Q q 0 0 0 rg BT 97.12 178.75 Td (do ) Tj ET Q q 0 0 0 rg BT 108.89 178.75 Td (not ) Tj ET Q q 0 0 0 rg BT 123.43 178.75 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 164.06 178.75 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 217.47 178.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 244.22 178.75 Td (of ) Tj ET Q q 0 0 0 rg BT 254.31 178.75 Td (our ) Tj ET Q q 0 0 0 rg BT 269.40 178.75 Td (common ) Tj ET Q q 0 0 0 rg BT 306.16 178.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 329.03 178.75 Td (as ) Tj ET Q q 0 0 0 rg BT 339.13 178.75 Td (long ) Tj ET Q q 0 0 0 rg BT 358.67 178.75 Td (as ) Tj ET Q q 0 0 0 rg BT 368.76 178.75 Td (current ) Tj ET Q q 0 0 0 rg BT 398.84 178.75 Td (commodity ) Tj ET Q q 0 0 0 rg BT 446.15 178.75 Td (pricing ) Tj ET Q q 0 0 0 rg BT 476.24 178.75 Td (and ) Tj ET Q q 0 0 0 rg BT 492.44 178.75 Td (general ) Tj ET Q q 0 0 0 rg BT 523.63 178.75 Td (economic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 166.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 111.70 166.75 Td (persist. ) Tj ET Q q 0 0 0 rg BT 142.85 166.75 Td ( ) Tj ET Q q 0 0 0 rg BT 145.20 166.75 Td (The ) Tj ET Q q 0 0 0 rg BT 163.29 166.75 Td (program ) Tj ET Q q 0 0 0 rg BT 199.70 166.75 Td (has ) Tj ET Q q 0 0 0 rg BT 215.57 166.75 Td (no ) Tj ET Q q 0 0 0 rg BT 228.11 166.75 Td (pre-established ) Tj ET Q q 0 0 0 rg BT 291.18 166.75 Td (ending ) Tj ET Q q 0 0 0 rg BT 320.94 166.75 Td (date ) Tj ET Q q 0 0 0 rg BT 340.13 166.75 Td (and ) Tj ET Q q 0 0 0 rg BT 357.11 166.75 Td (may ) Tj ET Q q 0 0 0 rg BT 376.86 166.75 Td (be ) Tj ET Q q 0 0 0 rg BT 388.84 166.75 Td (suspended ) Tj ET Q q 0 0 0 rg BT 433.04 166.75 Td (or ) Tj ET Q q 0 0 0 rg BT 443.90 166.75 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 497.54 166.75 Td (at ) Tj ET Q q 0 0 0 rg BT 507.30 166.75 Td (any ) Tj ET Q q 0 0 0 rg BT 524.28 166.75 Td (time. ) Tj ET Q q 0 0 0 rg BT 547.09 166.75 Td ( ) Tj ET Q q 0 0 0 rg BT 549.44 166.75 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 166.75 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.75 Td (are ) Tj ET Q q 0 0 0 rg BT 82.21 154.75 Td (not ) Tj ET Q q 0 0 0 rg BT 97.49 154.75 Td (obligated ) Tj ET Q q 0 0 0 rg BT 137.20 154.75 Td (to ) Tj ET Q q 0 0 0 rg BT 147.48 154.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 193.28 154.75 Td (any ) Tj ET Q q 0 0 0 rg BT 210.22 154.75 Td (dollar ) Tj ET Q q 0 0 0 rg BT 236.04 154.75 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.54 154.75 Td (or ) Tj ET Q q 0 0 0 rg BT 279.37 154.75 Td (specific ) Tj ET Q q 0 0 0 rg BT 312.96 154.75 Td (number ) Tj ET Q q 0 0 0 rg BT 346.01 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 356.84 154.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 384.33 154.75 Td (of ) Tj ET Q q 0 0 0 rg BT 395.16 154.75 Td (our ) Tj ET Q q 0 0 0 rg BT 410.99 154.75 Td (common ) Tj ET Q q 0 0 0 rg BT 448.49 154.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 472.09 154.75 Td (under ) Tj ET Q q 0 0 0 rg BT 497.36 154.75 Td (the ) Tj ET Q q 0 0 0 rg BT 512.08 154.75 Td (program.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 130.75 Td (Between ) Tj ET Q q 0 0 0 rg BT 107.19 130.75 Td (early ) Tj ET Q q 0 0 0 rg BT 131.88 130.75 Td (October ) Tj ET Q q 0 0 0 rg BT 168.79 130.75 Td (201) Tj ET Q q 0 0 0 rg BT 183.42 130.75 Td (1, ) Tj ET Q q 0 0 0 rg BT 195.62 130.75 Td (when ) Tj ET Q q 0 0 0 rg BT 221.98 130.75 Td (we ) Tj ET Q q 0 0 0 rg BT 238.35 130.75 Td (announced ) Tj ET Q q 0 0 0 rg BT 286.37 130.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.29 130.75 Td (commencement ) Tj ET Q q 0 0 0 rg BT 371.30 130.75 Td (of ) Tj ET Q q 0 0 0 rg BT 384.33 130.75 Td (a ) Tj ET Q q 0 0 0 rg BT 393.47 130.75 Td (common ) Tj ET Q q 0 0 0 rg BT 433.17 130.75 Td (share ) Tj ET Q q 0 0 0 rg BT 458.97 130.75 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 506.98 130.75 Td (program, ) Tj ET Q q 0 0 0 rg BT 548.06 130.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 118.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 125.61 118.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.61 118.75 Td (, ) Tj ET Q q 0 0 0 rg BT 150.14 118.75 Td (we ) Tj ET Q q 0 0 0 rg BT 163.83 118.75 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.16 118.75 Td (64.4 ) Tj ET Q q 0 0 0 rg BT 233.69 118.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.58 118.75 Td ( ) Tj ET Q q 0 0 0 rg BT 264.61 118.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 291.63 118.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.98 118.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 339.00 118.75 Td (common ) Tj ET Q q 0 0 0 rg BT 376.03 118.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 399.16 118.75 Td (\(approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.28 118.75 Td (16.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.11 118.75 Td ( ) Tj ET Q q 0 0 0 rg BT 490.14 118.75 Td (of ) Tj ET Q q 0 0 0 rg BT 500.49 118.75 Td (our ) Tj ET Q q 0 0 0 rg BT 515.85 118.75 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.75 Td (shares ) Tj ET Q q 0 0 0 rg BT 94.99 106.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 106.75 Td (common ) Tj ET Q q 0 0 0 rg BT 143.32 106.75 Td (stock ) Tj ET Q q 0 0 0 rg BT 166.92 106.75 Td (at ) Tj ET Q q 0 0 0 rg BT 176.64 106.75 Td (September ) Tj ET Q q 0 0 0 rg BT 221.90 106.75 Td (30, ) Tj ET Q q 0 0 0 rg BT 236.90 106.75 Td (201) Tj ET Q q 0 0 0 rg BT 251.53 106.75 Td (1\) ) Tj ET Q q 0 0 0 rg BT 262.36 106.75 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.52 106.75 Td ($951.8 ) Tj ET Q q 0 0 0 rg BT 306.52 106.75 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.42 106.75 Td (, ) Tj ET Q q 0 0 0 rg BT 340.42 106.75 Td (with ) Tj ET Q q 0 0 0 rg BT 360.69 106.75 Td (no ) Tj ET Q q 0 0 0 rg BT 373.19 106.75 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 422.89 106.75 Td (made ) Tj ET Q q 0 0 0 rg BT 447.05 106.75 Td (since ) Tj ET Q q 0 0 0 rg BT 470.09 106.75 Td (October ) Tj ET Q q 0 0 0 rg BT 504.80 106.75 Td (2015.) Tj ET Q endstream endobj 69 0 obj <> endobj 70 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (34) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 68.02 726.60 Td (e Performance Graph) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.27 702.60 Td (following ) Tj ET Q q 0 0 0 rg BT 125.82 702.60 Td (Performance ) Tj ET Q q 0 0 0 rg BT 180.80 702.60 Td (Graph ) Tj ET Q q 0 0 0 rg BT 209.68 702.60 Td (and ) Tj ET Q q 0 0 0 rg BT 227.45 702.60 Td (r) Tj ET Q q 0 0 0 rg BT 230.97 702.60 Td (elated ) Tj ET Q q 0 0 0 rg BT 258.17 702.60 Td (information ) Tj ET Q q 0 0 0 rg BT 308.16 702.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 330.38 702.60 Td (not ) Tj ET Q q 0 0 0 rg BT 345.93 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 358.13 702.60 Td (deemed ) Tj ET Q q 0 0 0 rg BT 391.44 702.60 Td (soliciting ) Tj ET Q q 0 0 0 rg BT 436.99 702.60 Td (material ) Tj ET Q q 0 0 0 rg BT 479.21 702.60 Td (or ) Tj ET Q q 0 0 0 rg BT 490.87 702.60 Td (to ) Tj ET Q q 0 0 0 rg BT 501.42 702.60 Td (be ) Tj ET Q q 0 0 0 rg BT 513.62 702.60 Td (filed ) Tj ET Q q 0 0 0 rg BT 545.29 702.60 Td (with ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 65.23 690.60 Td (SEC, ) Tj ET Q q 0 0 0 rg BT 89.02 690.60 Td (nor ) Tj ET Q q 0 0 0 rg BT 106.43 690.60 Td (shall ) Tj ET Q q 0 0 0 rg BT 129.39 690.60 Td (such ) Tj ET Q q 0 0 0 rg BT 151.23 690.60 Td (information ) Tj ET Q q 0 0 0 rg BT 201.97 690.60 Td (be ) Tj ET Q q 0 0 0 rg BT 214.92 690.60 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 270.65 690.60 Td (by ) Tj ET Q q 0 0 0 rg BT 283.60 690.60 Td (r) Tj ET Q q 0 0 0 rg BT 287.12 690.60 Td (efer) Tj ET Q q 0 0 0 rg BT 302.30 690.60 Td (ence ) Tj ET Q q 0 0 0 rg BT 324.13 690.60 Td (into ) Tj ET Q q 0 0 0 rg BT 343.20 690.60 Td (any ) Tj ET Q q 0 0 0 rg BT 361.15 690.60 Td (futur) Tj ET Q q 0 0 0 rg BT 380.23 690.60 Td (e ) Tj ET Q q 0 0 0 rg BT 388.18 690.60 Td (filings ) Tj ET Q q 0 0 0 rg BT 416.70 690.60 Td (under ) Tj ET Q q 0 0 0 rg BT 443.54 690.60 Td (the ) Tj ET Q q 0 0 0 rg BT 459.27 690.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 501.96 690.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 518.80 690.60 Td (of ) Tj ET Q q 0 0 0 rg BT 530.09 690.60 Td (1933 ) Tj ET Q q 0 0 0 rg BT 553.61 690.60 Td (or ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 678.60 Td (Securities ) Tj ET Q q 0 0 0 rg BT 91.05 678.60 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 132.43 678.60 Td (Act ) Tj ET Q q 0 0 0 rg BT 147.87 678.60 Td (of ) Tj ET Q q 0 0 0 rg BT 157.77 678.60 Td (1934, ) Tj ET Q q 0 0 0 rg BT 182.38 678.60 Td (each ) Tj ET Q q 0 0 0 rg BT 203.37 678.60 Td (as ) Tj ET Q q 0 0 0 rg BT 214.38 678.60 Td (amended, ) Tj ET Q q 0 0 0 rg BT 255.09 678.60 Td (except ) Tj ET Q q 0 0 0 rg BT 282.74 678.60 Td (to ) Tj ET Q q 0 0 0 rg BT 292.63 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 306.96 678.60 Td (extent ) Tj ET Q q 0 0 0 rg BT 332.95 678.60 Td (that ) Tj ET Q q 0 0 0 rg BT 350.62 678.60 Td (the ) Tj ET Q q 0 0 0 rg BT 364.95 678.60 Td (Company ) Tj ET Q q 0 0 0 rg BT 405.39 678.60 Td (specifically ) Tj ET Q q 0 0 0 rg BT 453.04 678.60 Td (incorporates ) Tj ET Q q 0 0 0 rg BT 506.27 678.60 Td (it ) Tj ET Q q 0 0 0 rg BT 513.94 678.60 Td (by ) Tj ET Q q 0 0 0 rg BT 525.49 678.60 Td (r) Tj ET Q q 0 0 0 rg BT 529.01 678.60 Td (efer) Tj ET Q q 0 0 0 rg BT 544.19 678.60 Td (ence ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 666.60 Td (into ) Tj ET Q q 0 0 0 rg BT 67.56 666.60 Td (such ) Tj ET Q q 0 0 0 rg BT 88.39 666.60 Td (filings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 642.60 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 642.60 Td (following ) Tj ET Q q 0 0 0 rg BT 126.73 642.60 Td (graph ) Tj ET Q q 0 0 0 rg BT 151.90 642.60 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 193.18 642.60 Td (changes ) Tj ET Q q 0 0 0 rg BT 227.79 642.60 Td (over ) Tj ET Q q 0 0 0 rg BT 247.96 642.60 Td (the ) Tj ET Q q 0 0 0 rg BT 262.58 642.60 Td (five-year ) Tj ET Q q 0 0 0 rg BT 301.06 642.60 Td (period ) Tj ET Q q 0 0 0 rg BT 329.01 642.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.28 642.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 413.77 642.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.77 642.60 Td (, ) Tj ET Q q 0 0 0 rg BT 438.67 642.60 Td (in ) Tj ET Q q 0 0 0 rg BT 448.85 642.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 495.67 642.60 Td (total ) Tj ET Q q 0 0 0 rg BT 515.85 642.60 Td (stockholder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.60 Td (return ) Tj ET Q q 0 0 0 rg BT 76.88 630.60 Td (on ) Tj ET Q q 0 0 0 rg BT 90.37 630.60 Td (our ) Tj ET Q q 0 0 0 rg BT 107.20 630.60 Td (common ) Tj ET Q q 0 0 0 rg BT 145.70 630.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 170.30 630.60 Td (as ) Tj ET Q q 0 0 0 rg BT 182.13 630.60 Td (measured ) Tj ET Q q 0 0 0 rg BT 223.95 630.60 Td (against ) Tj ET Q q 0 0 0 rg BT 255.77 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 271.48 630.60 Td (cumulative ) Tj ET Q q 0 0 0 rg BT 319.41 630.60 Td (total ) Tj ET Q q 0 0 0 rg BT 340.68 630.60 Td (return ) Tj ET Q q 0 0 0 rg BT 368.06 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 379.89 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 395.60 630.60 Td (S&P) Tj ET Q q 0 0 0 rg BT 414.13 630.60 Td ( ) Tj ET Q q 0 0 0 rg BT 417.63 630.60 Td (500 ) Tj ET Q q 0 0 0 rg BT 436.13 630.60 Td (Index ) Tj ET Q q 0 0 0 rg BT 462.40 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 480.33 630.60 Td (the ) Tj ET Q q 0 0 0 rg BT 496.05 630.60 Td (Dow ) Tj ET Q q 0 0 0 rg BT 518.99 630.60 Td (Jones ) Tj ET Q q 0 0 0 rg BT 544.71 630.60 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.60 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 98.60 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 114.92 618.60 Td (Production ) Tj ET Q q 0 0 0 rg BT 160.70 618.60 Td (Index.) Tj ET Q q 0 0 0 rg BT 190.78 618.60 Td (The ) Tj ET Q q 0 0 0 rg BT 208.22 618.60 Td (graph ) Tj ET Q q 0 0 0 rg BT 232.87 618.60 Td (tracks ) Tj ET Q q 0 0 0 rg BT 258.63 618.60 Td (the ) Tj ET Q q 0 0 0 rg BT 272.74 618.60 Td (performance ) Tj ET Q q 0 0 0 rg BT 325.15 618.60 Td (of ) Tj ET Q q 0 0 0 rg BT 335.36 618.60 Td (a ) Tj ET Q q 0 0 0 rg BT 341.69 618.60 Td ($100 ) Tj ET Q q 0 0 0 rg BT 363.57 618.60 Td (investment ) Tj ET Q q 0 0 0 rg BT 409.34 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 419.01 618.60 Td (our ) Tj ET Q q 0 0 0 rg BT 434.22 618.60 Td (common ) Tj ET Q q 0 0 0 rg BT 471.10 618.60 Td (stock ) Tj ET Q q 0 0 0 rg BT 494.10 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 510.42 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 520.09 618.60 Td (each ) Tj ET Q q 0 0 0 rg BT 540.29 618.60 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.60 Td (\(with ) Tj ET Q q 0 0 0 rg BT 73.11 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 87.83 606.60 Td (reinvestment ) Tj ET Q q 0 0 0 rg BT 141.98 606.60 Td (of ) Tj ET Q q 0 0 0 rg BT 152.81 606.60 Td (all ) Tj ET Q q 0 0 0 rg BT 165.30 606.60 Td (dividends ) Tj ET Q q 0 0 0 rg BT 206.69 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 220.85 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 235.56 606.60 Td (index ) Tj ET Q q 0 0 0 rg BT 260.28 606.60 Td (securities\) ) Tj ET Q q 0 0 0 rg BT 303.88 606.60 Td (from ) Tj ET Q q 0 0 0 rg BT 325.81 606.60 Td (December ) Tj ET Q q 0 0 0 rg BT 369.40 606.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 384.40 606.60 Td (201) Tj ET Q q 0 0 0 rg BT 399.03 606.60 Td (1, ) Tj ET Q q 0 0 0 rg BT 409.03 606.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.30 606.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 477.89 606.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.89 606.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.10 582.60 Td (COMP) Tj ET Q q 0 0 0 rg BT 202.53 582.60 Td (ARISON OF 5-YEAR CUMULA) Tj ET Q q 0 0 0 rg BT 337.81 582.60 Td (TIVE ) Tj ET Q q 0 0 0 rg BT 362.90 582.60 Td (T) Tj ET Q q 0 0 0 rg BT 368.83 582.60 Td (OT) Tj ET Q q 0 0 0 rg BT 381.36 582.60 Td (AL) Tj ET Q q 0 0 0 rg BT 394.32 582.60 Td ( RETURN) Tj ET Q /GS0 gs q 460.00 0 0 305.00 76.00 272.60 cm /I19 Do Q BT /F1 10.00 Tf ET 0.8 0.8 0.8 rg /GS0 gs 49.50 237.10 192.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.50 237.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 295.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 345.50 237.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 349.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 399.50 237.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 403.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.50 237.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 507.50 237.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 511.50 237.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 207.10 192.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.50 207.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.50 207.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 295.50 207.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 345.50 207.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 349.50 207.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 399.50 207.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 403.50 207.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 453.50 207.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 457.50 207.10 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 507.50 207.10 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 511.50 207.10 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 252.10000000000002 m 291.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 252.10000000000002 m 295.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 252.10000000000002 m 345.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 252.10000000000002 m 349.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 252.10000000000002 m 399.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 252.10000000000002 m 403.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 252.10000000000002 m 453.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 252.10000000000002 m 457.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 252.10000000000002 m 507.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 507.5 252.10000000000002 m 511.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 252.10000000000002 m 561.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 252.10000000000002 m 291.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 237.10000000000002 m 291.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291.5 252.10000000000002 m 295.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 252.10000000000002 m 345.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 237.10000000000002 m 345.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 345.5 252.10000000000002 m 349.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 252.10000000000002 m 399.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 237.10000000000002 m 399.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 399.5 252.10000000000002 m 403.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 252.10000000000002 m 453.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 237.10000000000002 m 453.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 453.5 252.10000000000002 m 457.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 252.10000000000002 m 507.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 237.10000000000002 m 507.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 252.10000000000002 m 561.5 252.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 237.10000000000002 m 561.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241.5 237.10000000000002 m 291.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 295.5 237.10000000000002 m 345.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 349.5 237.10000000000002 m 399.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 403.5 237.10000000000002 m 453.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 457.5 237.10000000000002 m 507.5 237.10000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 511.5 237.10000000000002 m 561.5 237.10000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 256.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.95 256.77 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 241.77 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.15 241.77 Td (2011) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.00 241.77 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.00 241.77 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 418.00 241.77 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.00 241.77 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.00 241.77 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 226.77 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 226.77 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 226.77 Td (107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 226.77 Td (109) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.65 226.77 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 226.77 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 226.77 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 226.77 Td (26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 211.77 Td (S&P 500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 211.77 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 211.77 Td (116) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 211.77 Td (154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 211.77 Td (175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 211.77 Td (177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 211.77 Td (198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 196.77 Td (Dow Jones U.S. Exploration & Production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.65 196.77 Td (100) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.65 196.77 Td (106) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.65 196.77 Td (140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.65 196.77 Td (124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 196.77 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.65 196.77 Td (118) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 71 0 obj <> endobj 72 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (35) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 182.5322265625 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item 6. Selected Financial Data) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 690.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 690.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 690.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 690.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 690.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 690.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 690.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 690.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 690.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 690.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 690.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 664.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 664.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 664.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 664.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 664.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 664.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 664.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 664.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 664.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 664.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 664.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 638.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 638.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 638.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 638.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 638.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 638.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 638.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 638.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 638.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 638.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 638.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 612.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 612.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 612.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 612.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 612.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 612.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 612.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 612.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 612.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 612.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 612.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 586.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 586.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 586.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 586.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 586.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 586.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 586.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 586.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 586.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 586.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 586.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 560.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 560.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 560.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 560.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 560.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 560.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 560.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 560.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 560.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 560.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 560.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 534.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 534.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 534.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 534.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 534.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 534.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 534.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 534.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 534.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 534.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 534.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 508.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 508.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 508.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 508.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 508.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 508.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 508.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 508.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 508.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 508.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 508.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 482.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 482.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 482.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 482.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 482.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 482.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 482.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 482.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 482.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 482.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 482.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 456.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 456.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 456.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 456.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 456.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 456.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 456.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 456.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 456.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 456.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 456.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 430.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 430.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 430.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 430.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 430.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 430.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 430.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 430.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 430.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 430.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 430.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 404.25 197.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 404.25 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 404.25 59.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 370.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 370.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 370.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 336.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 336.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 336.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 310.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 310.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 310.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 284.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 284.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 284.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 258.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 258.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 258.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 232.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 232.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 232.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 206.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 206.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 206.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 180.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 180.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 180.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 154.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 154.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 154.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 128.25 197.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 246.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 250.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 309.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 313.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 372.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 376.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 435.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 439.50 128.25 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.50 128.25 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 502.50 128.25 59.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 703.25 m 309.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 309.5 703.25 m 313.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 703.25 m 372.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 372.5 703.25 m 376.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 703.25 m 435.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 435.5 703.25 m 439.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 703.25 m 498.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498.5 703.25 m 502.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.25 m 561.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.25 m 246.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 703.25 m 309.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 690.25 m 309.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 703.25 m 372.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 690.25 m 372.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 703.25 m 435.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 690.25 m 435.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 703.25 m 498.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 690.25 m 498.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 703.25 m 561.5 703.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 690.25 m 561.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250.5 638.25 m 309.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 313.5 638.25 m 372.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 376.5 638.25 m 435.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 439.5 638.25 m 498.5 638.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 502.5 638.25 m 561.5 638.25 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 707.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 363.45 707.50 Td (Year Ended December 31,) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 694.50 Td (In thousands, except per-share data or otherwise noted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 271.50 694.50 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.50 694.50 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.50 694.50 Td (2014) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.50 694.50 Td (2013) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 694.50 Td (2012) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 681.48 Td (Consolidated Statements of Operations data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 668.50 Td (Revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 655.50 Td (Oil, natural gas, and related product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 655.50 Td (935,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 655.50 Td (1,213,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 655.50 Td (2,372,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 655.50 Td (2,466,234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 655.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 655.50 Td (2,409,867) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 642.50 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 642.50 Td (39,845) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 642.50 Td (44,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 642.50 Td (62,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 642.50 Td (50,893) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 642.50 Td (46,605) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 629.50 Td (Total revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 629.50 Td (975,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 629.50 Td (1,257,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 629.50 Td (2,435,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 629.50 Td (2,517,127) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 629.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 629.50 Td (2,456,472) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 616.50 Td (Net income \(loss\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 110.88 620.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.60 616.50 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.60 616.50 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 616.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 616.50 Td (635,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 616.50 Td (409,597) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 616.50 Td (525,360) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 603.50 Td (Net income \(loss\) per common share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 590.50 Td (Basic ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 83.77 594.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.60 590.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.60 590.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 590.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 590.50 Td (1.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 590.50 Td (1.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 590.50 Td (1.36) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 577.50 Td (Diluted ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 90.00 581.13 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 289.60 577.50 Td (\(2.61) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 348.60 577.50 Td (\(12.57) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 577.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 577.50 Td (1.81) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 577.50 Td (1.11) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 577.50 Td (1.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 564.50 Td (Dividends declared per common share ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 177.07 568.13 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 298.30 564.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 564.50 Td (0.1875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 564.50 Td (0.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 564.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 564.50 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 551.50 Td (Weighted average number of common shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 538.50 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 538.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 538.50 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 538.50 Td (348,962) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 538.50 Td (366,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 538.50 Td (385,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 525.50 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 525.50 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 525.50 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 525.50 Td (351,167) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 525.50 Td (369,877) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 525.50 Td (388,938) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 512.48 Td (Consolidated Statements of Cash Flows data) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 499.50 Td (Cash provided by \(used in\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 486.50 Td (Operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 486.50 Td (219,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 486.50 Td (864,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 486.50 Td (1,222,825) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 486.50 Td (1,361,195) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 486.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 486.50 Td (1,410,891) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 473.50 Td (Investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 277.60 473.50 Td (\(205,417) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 473.50 Td (\(550,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 397.60 473.50 Td (\(1,076,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 473.50 Td (\(1,275,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 473.50 Td (\(1,376,841) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 473.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 460.50 Td (Financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 281.60 460.50 Td (\(15,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.60 460.50 Td (\(334,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.60 460.50 Td (\(135,104) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 466.60 460.50 Td (\(172,210) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.30 460.50 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 460.50 Td (45,768) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 447.48 Td (Production \(average daily\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 434.50 Td (Oil \(Bbls\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 434.50 Td (61,440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 434.50 Td (69,165) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 434.50 Td (70,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 434.50 Td (66,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 434.50 Td (66,837) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 421.50 Td (Natural gas \(Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 421.50 Td (15,378) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 421.50 Td (22,172) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 421.50 Td (22,955) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 421.50 Td (23,742) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 421.50 Td (29,109) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 408.50 Td (BOE \(6:1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 408.50 Td (64,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 408.50 Td (72,861) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 410.30 408.50 Td (74,432) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 408.50 Td (70,243) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 408.50 Td (71,689) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 395.48 Td (Unit sales prices excluding impact of derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 387.48 Td (settlements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 374.50 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 374.50 Td (41.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 374.50 Td (47.30) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 374.50 Td (90.74) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 374.50 Td (100.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 374.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 374.50 Td (97.18) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 361.50 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 361.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 361.50 Td (2.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 361.50 Td (4.07) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 361.50 Td (3.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 361.50 Td (3.05) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 348.48 Td (Unit sales prices including impact of derivative) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 340.48 Td (settlements) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 327.50 Td (Oil \(per Bbl\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 327.50 Td (44.86) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 327.50 Td (67.41) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 327.50 Td (90.82) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 473.30 327.50 Td (100.64) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 327.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 327.50 Td (96.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 314.50 Td (Natural gas \(per Mcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 314.50 Td (1.98) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 314.50 Td (2.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 314.50 Td (3.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 314.50 Td (3.53) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 314.50 Td (5.67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 301.48 Td (Costs per BOE) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 288.50 Td (Lease operating expenses ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 147.74 292.13 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 288.50 Td (17.71) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 288.50 Td (19.37) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 288.50 Td (23.84) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 288.50 Td (28.50) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 288.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 288.50 Td (20.29) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 275.50 Td (Taxes other than income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 275.50 Td (3.33) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 275.50 Td (4.13) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 275.50 Td (6.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 275.50 Td (6.87) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 275.50 Td (6.10) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 262.50 Td (General and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 292.30 262.50 Td (4.69) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 355.30 262.50 Td (5.44) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 418.30 262.50 Td (5.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 262.50 Td (5.66) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 544.30 262.50 Td (5.49) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 249.50 Td (Depletion, depreciation, and amortization ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 199.06 253.13 Td (\(4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 288.30 249.50 Td (36.12) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 351.30 249.50 Td (19.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 414.30 249.50 Td (21.83) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 249.50 Td (19.89) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 249.50 Td (19.34) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 236.48 Td (Pr) Tj ET Q q 0 0 0 rg BT 60.29 236.48 Td (oved oil and natural gas r) Tj ET Q q 0 0 0 rg BT 147.49 236.48 Td (eserves ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 173.92 240.11 Td (\(5\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 223.50 Td (Oil \(MBbls\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 223.50 Td (247,103) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 223.50 Td (282,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 223.50 Td (362,335) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 223.50 Td (386,659) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 223.50 Td (329,124) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 210.50 Td (Natural gas \(MMcf\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 284.30 210.50 Td (44,315) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 347.30 210.50 Td (38,305) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 210.50 Td (452,402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 210.50 Td (489,954) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 210.50 Td (481,641) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 197.50 Td (MBOE \(6:1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 280.30 197.50 Td (254,489) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 343.30 197.50 Td (288,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 406.30 197.50 Td (437,735) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 469.30 197.50 Td (468,318) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 197.50 Td (409,398) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 184.48 Td (Proved carbon dioxide reserves) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 171.50 Td (Gulf Coast region \(MMcf\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 151.09 175.13 Td (\(6\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 171.50 Td (5,332,576) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 171.50 Td (5,501,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 171.50 Td (5,697,642) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 171.50 Td (6,070,619) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 171.50 Td (6,073,175) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 158.50 Td (Rocky Mountain region \(MMcf\) ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 170.20 162.13 Td (\(7\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 158.50 Td (1,214,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 158.50 Td (1,237,603) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 400.25 158.50 Td (3,035,286) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.25 158.50 Td (3,272,428) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.25 158.50 Td (3,495,534) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 145.48 Td (Consolidated Balance Sheets data ) Tj ET Q BT /F2 8.00 Tf ET BT /F2 5.20 Tf ET q 0 0 0 rg BT 168.90 149.11 Td (\(8\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 132.50 Td (Total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 253.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 274.25 132.50 Td (4,274,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 316.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 337.25 132.50 Td (5,885,533) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 379.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 396.25 132.50 Td (12,690,156) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 442.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.25 132.50 Td (11,698,406) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 505.00 132.50 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.25 132.50 Td (11,083,839) Tj ET Q BT /F1 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 726.60 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 726.60 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.96 726.60 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 134.86 726.60 Td (impairments ) Tj ET Q q 0 0 0 rg BT 187.44 726.60 Td (of ) Tj ET Q q 0 0 0 rg BT 198.35 726.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 224.27 726.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.18 726.60 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 265.26 726.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.16 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 296.74 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 313.76 726.60 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 333.85 726.60 Td (billion ) Tj ET Q q 0 0 0 rg BT 362.55 726.60 Td (for ) Tj ET Q q 0 0 0 rg BT 376.79 726.60 Td (the ) Tj ET Q q 0 0 0 rg BT 391.59 726.60 Td (years ) Tj ET Q q 0 0 0 rg BT 415.27 726.60 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.74 726.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.40 726.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.40 726.60 Td ( ) Tj ET Q q 0 0 0 rg BT 522.99 726.60 Td (and ) Tj ET Q q 0 0 0 rg BT 540.01 726.60 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 714.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 115.16 714.60 Td (, ) Tj ET Q q 0 0 0 rg BT 120.24 714.60 Td (and ) Tj ET Q q 0 0 0 rg BT 137.25 714.60 Td (an ) Tj ET Q q 0 0 0 rg BT 149.27 714.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 196.80 714.60 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 248.80 714.60 Td (char) Tj ET Q q 0 0 0 rg BT 265.83 714.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 277.84 714.60 Td (of ) Tj ET Q q 0 0 0 rg BT 288.75 714.60 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 318.83 714.60 Td (million ) Tj ET Q q 0 0 0 rg BT 350.29 714.60 Td (related ) Tj ET Q q 0 0 0 rg BT 380.07 714.60 Td (to ) Tj ET Q q 0 0 0 rg BT 390.43 714.60 Td (the ) Tj ET Q q 0 0 0 rg BT 405.22 714.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 429.46 714.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 455.93 714.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.84 714.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 517.18 714.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 548.08 714.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.60 Td (related ) Tj ET Q q 0 0 0 rg BT 97.20 702.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 123.03 702.60 Td (for ) Tj ET Q q 0 0 0 rg BT 137.19 702.60 Td (the ) Tj ET Q q 0 0 0 rg BT 151.91 702.60 Td (year ) Tj ET Q q 0 0 0 rg BT 171.62 702.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 197.99 702.60 Td (December ) Tj ET Q q 0 0 0 rg BT 241.58 702.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 256.58 702.60 Td (2016.) 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rg BT 67.50 630.60 Td (related ) Tj ET Q q 0 0 0 rg BT 96.17 630.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 135.96 630.60 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 178.51 630.60 Td (recorded ) Tj ET Q q 0 0 0 rg BT 214.96 630.60 Td (to ) Tj ET Q q 0 0 0 rg BT 224.20 630.60 Td (remediate ) Tj ET Q q 0 0 0 rg BT 265.09 630.60 Td (an ) Tj ET Q q 0 0 0 rg BT 276.00 630.60 Td (area ) Tj ET Q q 0 0 0 rg BT 294.12 630.60 Td (of ) Tj ET Q q 0 0 0 rg BT 303.92 630.60 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 327.60 630.60 Td (Field ) Tj ET Q q 0 0 0 rg BT 349.63 630.60 Td (in ) Tj ET Q q 0 0 0 rg BT 358.88 630.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 380.35 630.60 Td (and ) Tj ET Q q 0 0 0 rg BT 396.25 630.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 420.22 630.60 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 433.35 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 439.26 630.60 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 500.71 630.60 Td (for ) Tj ET Q q 0 0 0 rg BT 513.84 630.60 Td (a ) Tj ET Q q 0 0 0 rg BT 519.75 630.60 Td (retroactive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.60 Td (utility ) Tj ET Q q 0 0 0 rg BT 93.41 618.60 Td (rate ) Tj ET Q q 0 0 0 rg BT 110.42 618.60 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 156.33 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 166.13 618.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 190.65 618.60 Td (and ) Tj ET Q q 0 0 0 rg BT 207.11 618.60 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 220.80 618.60 Td (other ) Tj ET Q q 0 0 0 rg BT 243.37 618.60 Td (insurance ) Tj ET Q q 0 0 0 rg BT 283.70 618.60 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 326.81 618.60 Td (in ) Tj ET Q q 0 0 0 rg BT 336.61 618.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 361.14 618.60 Td ( ) Tj ET Q q 0 0 0 rg BT 363.16 618.60 Td (If ) Tj ET Q q 0 0 0 rg BT 371.84 618.60 Td (these ) Tj ET Q q 0 0 0 rg BT 394.41 618.60 Td (special ) Tj ET Q q 0 0 0 rg BT 424.20 618.60 Td (items ) Tj ET Q q 0 0 0 rg BT 447.89 618.60 Td (are ) Tj ET Q q 0 0 0 rg BT 462.12 618.60 Td (excluded, ) Tj ET Q q 0 0 0 rg BT 502.73 618.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.74 618.60 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 606.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 105.64 606.60 Td (would ) Tj ET Q q 0 0 0 rg BT 132.68 606.60 Td (have ) Tj ET Q q 0 0 0 rg BT 153.60 606.60 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.86 606.60 Td ($528.8 ) Tj ET Q q 0 0 0 rg BT 212.40 606.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 241.29 606.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.83 606.60 Td ($654.7 ) Tj ET Q q 0 0 0 rg BT 275.38 606.60 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.27 606.60 Td ( ) Tj ET Q q 0 0 0 rg BT 306.31 606.60 Td (and ) Tj ET Q q 0 0 0 rg BT 322.79 606.60 Td ($616.6 ) Tj ET Q q 0 0 0 rg BT 352.33 606.60 Td (million ) Tj ET Q q 0 0 0 rg BT 383.27 606.60 Td (for ) Tj ET Q q 0 0 0 rg BT 396.97 606.60 Td (the ) Tj ET Q q 0 0 0 rg BT 411.23 606.60 Td (years ) Tj ET Q q 0 0 0 rg BT 434.37 606.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 460.29 606.60 Td (December ) Tj ET Q q 0 0 0 rg BT 503.42 606.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 517.96 606.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 542.50 606.60 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 84.30 594.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 109.16 594.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 156.82 594.60 Td (, ) Tj ET Q q 0 0 0 rg BT 161.68 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 178.48 594.60 Td (lease ) Tj ET Q q 0 0 0 rg BT 200.82 594.60 Td (operating ) Tj ET Q q 0 0 0 rg BT 240.95 594.60 Td (expenses ) Tj ET Q q 0 0 0 rg BT 279.40 594.60 Td (per ) Tj ET Q q 0 0 0 rg BT 294.53 594.60 Td (BOE ) Tj ET Q q 0 0 0 rg BT 316.89 594.60 Td (would ) Tj ET Q q 0 0 0 rg BT 344.25 594.60 Td (have ) Tj ET Q q 0 0 0 rg BT 365.49 594.60 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.93 594.60 Td ($19.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.43 594.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.29 594.60 Td ($24.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.79 594.60 Td ( ) Tj ET Q q 0 0 0 rg BT 466.15 594.60 Td (and ) Tj ET Q q 0 0 0 rg BT 482.95 594.60 Td ($24.05 ) Tj ET Q q 0 0 0 rg BT 512.81 594.60 Td (for ) Tj ET Q q 0 0 0 rg BT 526.83 594.60 Td (the ) Tj ET Q q 0 0 0 rg BT 541.41 594.60 Td (years ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 582.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 93.88 582.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.46 582.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 177.46 582.60 Td (2014 ) Tj ET Q q 0 0 0 rg BT 199.96 582.60 Td (and ) Tj ET Q q 0 0 0 rg BT 216.90 582.60 Td (2013, ) Tj ET Q q 0 0 0 rg BT 241.90 582.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 289.56 582.60 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.60 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.60 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 112.72 558.60 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 167.93 558.60 Td (and ) Tj ET Q q 0 0 0 rg BT 185.66 558.60 Td (amortization ) Tj ET Q q 0 0 0 rg BT 239.48 558.60 Td (during ) Tj ET Q q 0 0 0 rg BT 268.88 558.60 Td (the ) Tj ET Q q 0 0 0 rg BT 284.38 558.60 Td (year ) Tj ET Q q 0 0 0 rg BT 304.88 558.60 Td (ended ) Tj ET Q q 0 0 0 rg BT 332.05 558.60 Td (December ) Tj ET Q q 0 0 0 rg BT 376.42 558.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 392.21 558.60 Td (2016 ) Tj ET Q q 0 0 0 rg BT 415.50 558.60 Td (includes ) Tj ET Q q 0 0 0 rg BT 452.11 558.60 Td (an ) Tj ET Q q 0 0 0 rg BT 464.84 558.60 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 513.08 558.60 Td (depreciation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 546.60 Td (char) Tj ET Q q 0 0 0 rg BT 84.53 546.60 Td (ge ) Tj ET Q q 0 0 0 rg BT 96.50 546.60 Td (of ) Tj ET Q q 0 0 0 rg BT 107.36 546.60 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 137.39 546.60 Td (million, ) Tj ET Q q 0 0 0 rg BT 171.31 546.60 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.18 546.60 Td ($25.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.68 546.60 Td ( ) Tj ET Q q 0 0 0 rg BT 212.21 546.60 Td (per ) Tj ET Q q 0 0 0 rg BT 227.51 546.60 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 252.54 546.60 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.16 546.60 Td (with ) Tj ET Q q 0 0 0 rg BT 316.47 546.60 Td (the ) Tj ET Q q 0 0 0 rg BT 331.22 546.60 Td (Riley ) Tj ET Q q 0 0 0 rg BT 355.42 546.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 381.84 546.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 397.70 546.60 Td (processing ) Tj ET Q q 0 0 0 rg BT 443.00 546.60 Td (facility ) Tj ET Q q 0 0 0 rg BT 473.85 546.60 Td (and ) Tj ET Q q 0 0 0 rg BT 490.82 546.60 Td (related ) Tj ET Q q 0 0 0 rg BT 520.56 546.60 Td (assets ) Tj ET Q q 0 0 0 rg BT 546.42 546.60 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 534.60 Td (Item ) Tj ET Q q 0 0 0 rg BT 88.38 534.60 Td (7, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 98.44 534.60 Td (Management) Tj ET Q q 0 0 0 rg BT 152.69 534.60 Td (s ) Tj ET Q q 0 0 0 rg BT 159.13 534.60 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 205.58 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 222.95 534.60 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 259.40 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 269.73 534.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 311.17 534.60 Td (Condition ) Tj ET Q q 0 0 0 rg BT 353.73 534.60 Td (and ) Tj ET Q q 0 0 0 rg BT 371.29 534.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 402.73 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 413.06 534.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 460.62 534.60 Td ( ) Tj ET Q q 0 0 0 rg BT 468.17 534.60 Td (Results ) Tj ET Q q 0 0 0 rg BT 499.62 534.60 Td (of ) Tj ET Q q 0 0 0 rg BT 509.95 534.60 Td (Operations ) Tj ET Q q 0 0 0 rg BT 557.51 534.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 522.60 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 111.93 522.60 Td (Depr) Tj ET Q q 0 0 0 rg BT 132.11 522.60 Td (eciation, ) Tj ET Q q 0 0 0 rg BT 169.33 522.60 Td (and ) Tj ET Q q 0 0 0 rg BT 186.65 522.60 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.87 522.60 Td (\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.60 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.60 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 109.56 498.60 Td (proved ) Tj ET Q q 0 0 0 rg BT 139.39 498.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 174.22 498.60 Td (as ) Tj ET Q q 0 0 0 rg BT 184.62 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 195.01 498.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 253.16 498.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 277.73 498.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 305.33 498.60 Td (negative ) Tj ET Q q 0 0 0 rg BT 341.27 498.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 372.20 498.60 Td (revisions ) Tj ET Q q 0 0 0 rg BT 410.38 498.60 Td (of ) Tj ET Q q 0 0 0 rg BT 420.77 498.60 Td (approximately ) Tj ET Q q 0 0 0 rg BT 480.60 498.60 Td (126 ) Tj ET Q q 0 0 0 rg BT 497.67 498.60 Td (MMBOE ) Tj ET Q q 0 0 0 rg BT 537.52 498.60 Td (\(29%\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 78.17 486.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 101.07 486.60 Td (due ) Tj ET Q q 0 0 0 rg BT 118.40 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 129.07 486.60 Td (declines ) Tj ET Q q 0 0 0 rg BT 164.73 486.60 Td (in ) Tj ET Q q 0 0 0 rg BT 175.40 486.60 Td (the ) Tj ET Q q 0 0 0 rg BT 190.52 486.60 Td (average ) Tj ET Q q 0 0 0 rg BT 224.49 486.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 317.36 486.60 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 356.92 486.60 Td (oil ) Tj ET Q q 0 0 0 rg BT 370.37 486.60 Td (price ) Tj ET Q q 0 0 0 rg BT 393.25 486.60 Td (used ) Tj ET Q q 0 0 0 rg BT 414.47 486.60 Td (to ) Tj ET Q q 0 0 0 rg BT 425.15 486.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 461.36 486.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 497.02 486.60 Td (from ) Tj ET Q q 0 0 0 rg BT 519.35 486.60 Td ($94.99 ) Tj ET Q q 0 0 0 rg BT 549.74 486.60 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 83.94 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 93.16 474.60 Td (December ) Tj ET Q q 0 0 0 rg BT 136.24 474.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 150.73 474.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 175.23 474.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.00 474.60 Td ($50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.50 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 214.50 474.60 Td (per ) Tj ET Q q 0 0 0 rg BT 229.26 474.60 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 245.71 474.60 Td (at ) Tj ET Q q 0 0 0 rg BT 254.92 474.60 Td (December ) Tj ET Q q 0 0 0 rg BT 298.00 474.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 312.50 474.60 Td (2015. ) Tj ET Q q 0 0 0 rg BT 336.99 474.60 Td ( ) Tj ET Q q 0 0 0 rg BT 338.99 474.60 Td (In ) Tj ET Q q 0 0 0 rg BT 349.32 474.60 Td (addition, ) Tj ET Q q 0 0 0 rg BT 386.59 474.60 Td (the ) Tj ET Q q 0 0 0 rg BT 400.80 474.60 Td (average ) Tj ET Q q 0 0 0 rg BT 433.88 474.60 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 525.85 474.60 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 462.60 Td (natural ) Tj ET Q q 0 0 0 rg BT 98.02 462.60 Td (gas ) Tj ET Q q 0 0 0 rg BT 114.11 462.60 Td (price ) Tj ET Q q 0 0 0 rg BT 136.85 462.60 Td (used ) Tj ET Q q 0 0 0 rg BT 157.93 462.60 Td (to ) Tj ET Q q 0 0 0 rg BT 168.47 462.60 Td (estimate ) Tj ET Q q 0 0 0 rg BT 204.55 462.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 240.06 462.60 Td (declined ) Tj ET Q q 0 0 0 rg BT 276.69 462.60 Td (from ) Tj ET Q q 0 0 0 rg BT 298.88 462.60 Td ($4.30 ) Tj ET Q q 0 0 0 rg BT 324.14 462.60 Td (per ) Tj ET Q q 0 0 0 rg BT 339.67 462.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 374.65 462.60 Td (at ) Tj ET Q q 0 0 0 rg BT 384.63 462.60 Td (December ) Tj ET Q q 0 0 0 rg BT 428.47 462.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 443.72 462.60 Td (2014, ) Tj ET Q q 0 0 0 rg BT 468.98 462.60 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.51 462.60 Td ($2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.01 462.60 Td ( ) Tj ET Q q 0 0 0 rg BT 504.77 462.60 Td (per ) Tj ET Q q 0 0 0 rg BT 520.30 462.60 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 555.28 462.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 450.60 Td (December ) Tj ET Q q 0 0 0 rg BT 111.08 450.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 126.08 450.60 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.60 Td (\(6\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 426.60 Td (Proved ) Tj ET Q q 0 0 0 rg BT 98.37 426.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.26 425.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.51 426.60 Td ( ) Tj ET Q q 0 0 0 rg BT 118.05 426.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 153.35 426.60 Td (in ) Tj ET Q q 0 0 0 rg BT 163.66 426.60 Td (the ) Tj ET Q q 0 0 0 rg BT 178.42 426.60 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 199.29 426.60 Td (Coast ) Tj ET Q q 0 0 0 rg BT 224.61 426.60 Td (region ) Tj ET Q q 0 0 0 rg BT 252.69 426.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 283.01 426.60 Td (of ) Tj ET Q q 0 0 0 rg BT 293.88 426.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.18 426.60 Td (from ) Tj ET Q q 0 0 0 rg BT 351.15 426.60 Td (our ) Tj ET Q q 0 0 0 rg BT 367.02 426.60 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 408.99 426.60 Td (at ) Tj ET Q q 0 0 0 rg BT 418.75 426.60 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 452.95 426.60 Td (Dome ) Tj ET Q q 0 0 0 rg BT 479.92 426.60 Td (and ) Tj ET Q q 0 0 0 rg BT 496.90 426.60 Td (are ) Tj ET Q q 0 0 0 rg BT 511.65 426.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.50 426.60 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 414.60 Td (a ) Tj ET Q q 0 0 0 rg BT 74.17 414.60 Td (gross ) Tj ET Q q 0 0 0 rg BT 97.52 414.60 Td (or ) Tj ET Q q 0 0 0 rg BT 108.08 414.60 Td (8/8ths ) Tj ET Q q 0 0 0 rg BT 134.77 414.60 Td (working ) Tj ET Q q 0 0 0 rg BT 170.33 414.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 202.00 414.60 Td (basis, ) Tj ET Q q 0 0 0 rg BT 226.73 414.60 Td (of ) Tj ET Q q 0 0 0 rg BT 237.29 414.60 Td (which ) Tj ET Q q 0 0 0 rg BT 263.97 414.60 Td (our ) Tj ET Q q 0 0 0 rg BT 279.53 414.60 Td (net ) Tj ET Q q 0 0 0 rg BT 293.98 414.60 Td (revenue ) Tj ET Q q 0 0 0 rg BT 327.86 414.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 359.53 414.60 Td (was ) Tj ET Q q 0 0 0 rg BT 377.31 414.60 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.31 414.60 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 451.88 414.60 Td (T) Tj ET Q q 0 0 0 rg BT 457.29 414.60 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.06 414.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.79 414.60 Td (4.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.29 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 484.36 414.60 Td (T) Tj ET Q q 0 0 0 rg BT 489.77 414.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.28 414.60 Td (4.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.78 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 516.85 414.60 Td (T) Tj ET Q q 0 0 0 rg BT 522.26 414.60 Td (cf, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.76 414.60 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.26 414.60 Td ( ) Tj ET Q q 0 0 0 rg BT 549.33 414.60 Td (T) Tj ET Q q 0 0 0 rg BT 554.74 414.60 Td (cf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.95 402.60 Td (4.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.45 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.24 402.60 Td (T) Tj ET Q q 0 0 0 rg BT 105.65 402.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 116.43 402.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.66 402.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.75 402.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.75 402.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 211.26 402.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.26 402.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.77 402.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.77 402.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.28 402.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.28 402.60 Td ( ) Tj ET Q q 0 0 0 rg BT 285.29 402.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.74 402.60 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.74 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 328.25 402.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 375.91 402.60 Td (, ) Tj ET Q q 0 0 0 rg BT 381.42 402.60 Td (and ) Tj ET Q q 0 0 0 rg BT 398.87 402.60 Td (include ) Tj ET Q q 0 0 0 rg BT 431.32 402.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 467.08 402.60 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 508.41 402.60 Td (to ) Tj ET Q q 0 0 0 rg BT 519.19 402.60 Td (volumetric ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 390.60 Td (production ) Tj ET Q q 0 0 0 rg BT 112.76 390.60 Td (payments ) Tj ET Q q 0 0 0 rg BT 153.02 390.60 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 163.29 390.60 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 182.72 390.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.16 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.60 390.60 Td (25.3 ) Tj ET Q q 0 0 0 rg BT 221.04 390.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 235.47 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.91 390.60 Td (9.3 ) Tj ET Q q 0 0 0 rg BT 254.35 390.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.78 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.22 390.60 Td (28.9 ) Tj ET Q q 0 0 0 rg BT 292.66 390.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.09 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 309.03 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.41 390.60 Td (57.1 ) Tj ET Q q 0 0 0 rg BT 344.84 390.60 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.28 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 361.22 390.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.37 390.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 428.39 390.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.39 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.82 390.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.82 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.26 390.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.26 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.70 390.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.70 390.60 Td ( ) Tj ET Q q 0 0 0 rg BT 523.63 390.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 390.60 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 390.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.60 Td (respectively ) Tj ET Q q 0 0 0 rg BT 118.31 378.60 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 136.91 378.60 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 193.84 378.60 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 207.73 377.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.98 378.60 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 213.48 378.60 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 252.00 378.60 Td (es ) Tj ET Q q 0 0 0 rg BT 262.83 378.60 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.71 378.60 Td ( ) Tj ET Q q 0 0 0 rg BT 314.21 378.60 Td (to ) Tj ET Q q 0 0 0 rg BT 324.49 378.60 Td (the ) Tj ET Q q 0 0 0 rg BT 339.21 378.60 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 394.48 378.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 434.19 378.60 Td (Statements\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.60 Td (\(7\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 354.60 Td (Proved ) Tj ET Q q 0 0 0 rg BT 97.63 354.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 111.53 353.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.78 354.60 Td ( ) Tj ET Q q 0 0 0 rg BT 116.58 354.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.14 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 160.73 354.60 Td (the ) Tj ET Q q 0 0 0 rg BT 174.75 354.60 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 202.66 354.60 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 243.35 354.60 Td (region ) Tj ET Q q 0 0 0 rg BT 270.70 354.60 Td (consist ) Tj ET Q q 0 0 0 rg BT 300.28 354.60 Td (of ) Tj ET Q q 0 0 0 rg BT 310.42 354.60 Td (our ) Tj ET Q q 0 0 0 rg BT 325.55 354.60 Td (overriding ) Tj ET Q q 0 0 0 rg BT 369.01 354.60 Td (royalty ) Tj ET Q q 0 0 0 rg BT 399.14 354.60 Td (interest ) Tj ET Q q 0 0 0 rg BT 430.38 354.60 Td (in ) Tj ET Q q 0 0 0 rg BT 439.96 354.60 Td (LaBar) Tj ET 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330.60 Td (2.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.99 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 149.63 330.60 Td (T) Tj ET Q q 0 0 0 rg BT 155.04 330.60 Td (cf ) Tj ET Q q 0 0 0 rg BT 165.66 330.60 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.72 330.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 234.66 330.60 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 254.66 330.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.01 330.60 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 280.01 330.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.35 330.60 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.35 330.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.70 330.60 Td (2013) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 330.70 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 333.55 330.60 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.84 330.60 Td (2012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.84 330.60 Td (, ) Tj ET Q q 0 0 0 rg BT 376.19 330.60 Td (respectively) Tj ET Q q 0 0 0 rg BT 423.85 330.60 Td (. ) Tj ET Q q 0 0 0 rg BT 429.20 330.60 Td ( ) Tj ET Q q 0 0 0 rg BT 431.42 330.60 Td (As ) Tj ET Q q 0 0 0 rg BT 445.38 330.60 Td (of ) Tj ET Q q 0 0 0 rg BT 456.56 330.60 Td (December31, ) Tj ET Q q 0 0 0 rg BT 515.49 330.60 Td (2015, ) Tj ET Q q 0 0 0 rg BT 540.84 330.60 Td (Riley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 318.60 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 94.30 318.60 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 108.19 317.17 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.44 318.60 Td ( ) Tj ET Q q 0 0 0 rg BT 114.35 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 131.69 318.60 Td (helium ) Tj ET Q q 0 0 0 rg BT 162.38 318.60 Td (reserves ) Tj ET Q q 0 0 0 rg BT 198.04 318.60 Td (were ) Tj ET Q q 0 0 0 rg BT 220.38 318.60 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 268.82 318.60 Td (and ) Tj ET Q q 0 0 0 rg BT 286.17 318.60 Td (are ) Tj ET Q q 0 0 0 rg BT 301.29 318.60 Td (no ) Tj ET Q q 0 0 0 rg BT 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BT 391.26 306.60 Td (our ) Tj ET Q q 0 0 0 rg BT 407.09 306.60 Td (December ) Tj ET Q q 0 0 0 rg BT 450.67 306.60 Td (31, ) Tj ET Q q 0 0 0 rg BT 465.67 306.60 Td (2015 ) Tj ET Q q 0 0 0 rg BT 488.17 306.60 Td (reserve ) Tj ET Q q 0 0 0 rg BT 519.54 306.60 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.60 Td (\(8\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.60 Td (The ) Tj ET Q q 0 0 0 rg BT 86.37 282.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 140.23 282.60 Td (balance ) Tj ET Q q 0 0 0 rg BT 174.08 282.60 Td (sheet ) Tj ET Q q 0 0 0 rg BT 197.95 282.60 Td (data ) Tj ET Q q 0 0 0 rg BT 217.92 282.60 Td (presented ) Tj ET Q q 0 0 0 rg BT 259.56 282.60 Td (in ) Tj ET Q q 0 0 0 rg BT 270.66 282.60 Td (this ) Tj ET Q q 0 0 0 rg BT 288.43 282.60 Td (table ) Tj ET Q q 0 0 0 rg BT 311.18 282.60 Td (reflect ) Tj ET Q q 0 0 0 rg BT 340.03 282.60 Td (the ) Tj ET Q q 0 0 0 rg BT 355.57 282.60 Td (adoption ) Tj ET Q q 0 0 0 rg BT 393.89 282.60 Td (of ) Tj ET Q q 0 0 0 rg BT 405.54 282.60 Td (Financial ) Tj ET Q q 0 0 0 rg BT 445.34 282.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 495.31 282.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 538.07 282.60 Td (Board ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 270.60 Td (\(F) Tj ET Q q 0 0 0 rg BT 80.09 270.60 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 109.61 270.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 159.22 270.60 Td (Standards ) Tj ET Q q 0 0 0 rg BT 201.61 270.60 Td (Update ) Tj ET Q q 0 0 0 rg BT 233.44 270.60 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 271.94 270.60 Td (2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 310.72 270.60 Td (Impr) Tj ET Q q 0 0 0 rg BT 329.79 270.60 Td (ovements ) Tj ET Q q 0 0 0 rg BT 369.95 270.60 Td (to ) Tj ET Q q 0 0 0 rg BT 380.68 270.60 Td (Employee ) Tj ET Q q 0 0 0 rg BT 423.06 270.60 Td (Shar) Tj ET Q q 0 0 0 rg BT 441.58 270.60 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 476.74 270.60 Td (Payment ) Tj ET Q q 0 0 0 rg BT 514.47 270.60 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 270.60 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 258.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 88.91 258.60 Td (2015-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 126.14 258.60 Td (Income ) Tj ET Q q 0 0 0 rg BT 156.96 258.60 Td (T) Tj ET Q q 0 0 0 rg BT 161.61 258.60 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 179.38 258.60 Td (, ) Tj ET Q q 0 0 0 rg BT 183.28 258.60 Td (and ) Tj ET Q q 0 0 0 rg BT 198.81 258.60 Td (ASU ) Tj ET Q q 0 0 0 rg BT 220.21 258.60 Td (2015-03, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 257.44 258.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 276.51 258.60 Td (est ) Tj ET Q q 0 0 0 rg BT 289.02 258.60 Td ( ) Tj ET Q q 0 0 0 rg BT 295.42 258.60 Td (Imputation ) Tj ET Q q 0 0 0 rg BT 340.71 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 349.89 258.60 Td (Inter) Tj ET Q q 0 0 0 rg BT 368.95 258.60 Td (est: ) Tj ET Q q 0 0 0 rg BT 384.79 258.60 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 431.74 258.60 Td (the ) Tj ET Q q 0 0 0 rg BT 445.36 258.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 454.99 258.60 Td (esentation ) Tj ET Q q 0 0 0 rg BT 497.49 258.60 Td (of ) Tj ET Q q 0 0 0 rg BT 506.67 258.60 Td (Debt ) Tj ET Q q 0 0 0 rg BT 527.51 258.60 Td (Issuance ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 246.60 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 89.73 246.60 Td (. ) Tj ET Q q 0 0 0 rg BT 96.12 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 100.00 246.60 Td (See ) Tj ET Q q 0 0 0 rg BT 118.32 246.60 Td (Note ) Tj ET Q q 0 0 0 rg BT 141.65 246.60 Td (1, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 153.03 246.60 Td (Significant ) Tj ET Q q 0 0 0 rg BT 199.97 246.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 249.39 246.60 Td (Policies ) Tj ET Q q 0 0 0 rg BT 285.49 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 294.37 246.60 Td (Recent ) Tj ET Q q 0 0 0 rg BT 325.18 246.60 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 374.61 246.60 Td (Pr) Tj ET Q q 0 0 0 rg BT 384.24 246.60 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.44 246.60 Td ( ) Tj ET Q q 0 0 0 rg BT 445.33 246.60 Td (to ) Tj ET Q q 0 0 0 rg BT 456.99 246.60 Td (the ) Tj ET Q q 0 0 0 rg BT 473.09 246.60 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 527.52 246.60 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.60 Td (statements ) Tj ET Q q 0 0 0 rg BT 112.21 234.60 Td (for ) Tj ET Q q 0 0 0 rg BT 126.37 234.60 Td (further ) Tj ET Q q 0 0 0 rg BT 156.08 234.60 Td (discussion.) Tj ET Q endstream endobj 75 0 obj <> endobj 76 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (37) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 711.68505859375 m 461.12109375 711.68505859375 l s q 0 0 0 rg BT 49.50 713.25 Td (Item7. Management) Tj ET Q q 0 0 0 rg BT 141.05 713.25 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 213.03 713.25 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.62 689.25 Td (following ) Tj ET Q q 0 0 0 rg BT 127.08 689.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 171.33 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 188.34 689.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 223.13 689.25 Td (should ) Tj ET Q q 0 0 0 rg BT 252.38 689.25 Td (be ) Tj ET Q q 0 0 0 rg BT 264.39 689.25 Td (read ) Tj ET Q q 0 0 0 rg BT 284.17 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 294.52 689.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 344.31 689.25 Td (with ) Tj ET Q q 0 0 0 rg BT 364.66 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 380.57 689.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 435.92 689.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 475.70 689.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 522.16 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.17 689.25 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 79.58 677.25 Td (included ) Tj ET Q q 0 0 0 rg BT 116.32 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 126.41 677.25 Td (Item8, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 157.05 677.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 198.24 677.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 243.88 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.19 677.25 Td (Supplementary ) Tj ET Q q 0 0 0 rg BT 323.49 677.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.27 677.25 Td (.Our ) Tj ET Q q 0 0 0 rg BT 396.63 677.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 440.61 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 457.36 677.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 491.89 677.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 527.53 677.25 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (looking ) Tj ET Q q 0 0 0 rg BT 82.81 665.25 Td (information ) Tj ET Q q 0 0 0 rg BT 132.77 665.25 Td (that ) Tj ET Q q 0 0 0 rg BT 150.52 665.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 187.15 665.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 208.79 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 225.98 665.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 279.82 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.01 665.25 Td (should ) Tj ET Q q 0 0 0 rg BT 326.43 665.25 Td (be ) Tj ET Q q 0 0 0 rg BT 338.62 665.25 Td (read ) Tj ET Q q 0 0 0 rg BT 358.58 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 369.11 665.25 Td (conjunction ) Tj ET Q q 0 0 0 rg BT 419.07 665.25 Td (with ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 439.60 665.25 Td (Risk ) Tj ET Q q 0 0 0 rg BT 459.57 665.25 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.67 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 493.42 665.25 Td (under ) Tj ET Q q 0 0 0 rg BT 518.94 665.25 Td (Item1A) Tj ET Q q 0 0 0 rg BT 551.44 665.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.19 665.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (this ) Tj ET Q q 0 0 0 rg BT 66.28 653.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 90.28 653.25 Td (10-K, ) Tj ET Q q 0 0 0 rg BT 115.66 653.25 Td (along ) Tj ET Q q 0 0 0 rg BT 140.21 653.25 Td (with ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.32 653.25 Td (Forwar) Tj ET Q q 0 0 0 rg BT 190.51 653.25 Td (d-Looking ) Tj ET Q q 0 0 0 rg BT 233.95 653.25 Td (Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.73 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 284.06 653.25 Td (at ) Tj ET Q q 0 0 0 rg BT 293.60 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.15 653.25 Td (end ) Tj ET Q q 0 0 0 rg BT 324.92 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 335.58 653.25 Td (this ) Tj ET Q q 0 0 0 rg BT 352.36 653.25 Td (section ) Tj ET Q q 0 0 0 rg BT 383.02 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 397.01 653.25 Td (information ) Tj ET Q q 0 0 0 rg BT 446.55 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 458.88 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.43 653.25 Td (risks ) Tj ET Q q 0 0 0 rg BT 494.65 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 511.42 653.25 Td (uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 641.25 Td (could ) Tj ET Q q 0 0 0 rg BT 91.71 641.25 Td (cause ) Tj ET Q q 0 0 0 rg BT 116.42 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 132.25 641.25 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.62 641.25 Td (results ) Tj ET Q q 0 0 0 rg BT 187.23 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 197.51 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 209.45 641.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 252.48 641.25 Td (dif) Tj ET Q q 0 0 0 rg BT 263.41 641.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 289.23 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 311.17 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 327.00 641.25 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 395.03 641.25 Td (statements.) 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 545.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 83.33 545.25 Td (Price ) Tj ET Q q 0 0 0 rg BT 108.03 545.25 Td (Decline ) Tj ET Q q 0 0 0 rg BT 142.18 545.25 Td (and ) Tj ET Q q 0 0 0 rg BT 160.80 545.25 Td (Impact ) Tj ET Q q 0 0 0 rg BT 193.84 545.25 Td (on ) Tj ET Q q 0 0 0 rg BT 206.90 545.25 Td (Our) Tj ET Q q 0 0 0 rg BT 224.50 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 226.99 545.25 Td (Business.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.18 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.67 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 271.17 545.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 286.44 545.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 312.81 545.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 352.51 545.25 Td (constitute ) Tj ET Q q 0 0 0 rg BT 393.89 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.60 545.25 Td (single ) Tj ET Q q 0 0 0 rg BT 434.98 545.25 Td (lar) Tj ET Q q 0 0 0 rg BT 445.35 545.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 463.95 545.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 498.65 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 508.92 545.25 Td (our ) Tj ET Q q 0 0 0 rg BT 524.75 545.25 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (results. ) Tj ET Q q 0 0 0 rg BT 80.83 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 83.55 533.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 99.04 533.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 125.64 533.25 Td (have ) Tj ET Q q 0 0 0 rg BT 147.23 533.25 Td (historically ) Tj ET Q q 0 0 0 rg BT 194.94 533.25 Td (been ) Tj ET Q q 0 0 0 rg BT 216.54 533.25 Td (volatile, ) Tj ET Q q 0 0 0 rg BT 251.75 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 272.25 533.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 311.63 533.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 324.90 533.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 351.50 533.25 Td (ranging ) Tj ET Q q 0 0 0 rg BT 384.77 533.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.92 533.25 Td ($26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.92 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 424.64 533.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.14 533.25 Td ($107) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.14 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 457.86 533.25 Td (per ) Tj ET Q q 0 0 0 rg BT 473.34 533.25 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 490.51 533.25 Td (over ) Tj ET Q q 0 0 0 rg BT 511.00 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.93 533.25 Td (last ) Tj ET Q q 0 0 0 rg BT 542.54 533.25 Td (three ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 86.27 521.25 Td (years, ) Tj ET Q q 0 0 0 rg BT 112.78 521.25 Td (with ) Tj ET Q q 0 0 0 rg BT 133.47 521.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 160.25 521.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.94 521.25 Td (February ) Tj ET Q q 0 0 0 rg BT 209.95 521.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.95 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.86 521.25 Td (representing ) Tj ET Q q 0 0 0 rg BT 285.19 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.32 521.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 329.33 521.25 Td (level ) Tj ET Q q 0 0 0 rg BT 351.68 521.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.36 521.25 Td (over ) Tj ET Q q 0 0 0 rg BT 383.04 521.25 Td (14 ) Tj ET Q q 0 0 0 rg BT 395.95 521.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.05 521.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 419.55 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 422.46 521.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.37 521.25 Td (The ) Tj ET Q q 0 0 0 rg BT 443.82 521.25 Td (following ) Tj ET Q q 0 0 0 rg BT 485.62 521.25 Td (chart ) Tj ET Q q 0 0 0 rg BT 508.51 521.25 Td (illustrates ) Tj ET Q q 0 0 0 rg BT 550.31 521.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 99.21 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.49 509.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.32 509.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 159.46 509.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 172.52 509.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 201.39 509.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 243.33 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 509.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 287.76 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.59 509.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 346.64 509.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 389.12 509.25 Td (settlements, ) Tj ET Q q 0 0 0 rg BT 439.11 509.25 Td (during ) Tj ET Q q 0 0 0 rg BT 467.72 509.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 492.72 509.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 515.22 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.16 509.25 Td (2016.) Tj ET Q /GS0 gs q 280.00 0 0 202.00 166.00 290.25 cm /I20 Do Q BT /F1 10.00 Tf ET 0.8 0.8 0.8 rg /GS0 gs 146.50 237.75 194.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 340.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 237.75 37.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 385.50 237.75 37.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 237.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 237.75 38.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 146.50 207.75 194.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 340.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 207.75 37.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 385.50 207.75 37.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 207.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 207.75 38.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 252.75 m 381.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 252.75 m 385.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 252.75 m 422.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 252.75 m 426.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 252.75 m 464.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 146.5 237.75 m 340.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 252.75 m 381.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 237.75 m 381.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 252.75 m 385.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 252.75 m 422.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 385.5 237.75 m 422.5 237.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 252.75 m 464.5 252.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 237.75 m 464.5 237.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 257.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.25 257.42 Td (Oil price per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.00 242.42 Td (Average realized prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 242.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.50 242.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 242.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 227.42 Td (First quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.00 227.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.10 227.42 Td (97.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.00 227.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 227.42 Td (46.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.00 227.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 227.42 Td (30.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 212.42 Td (Second quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.10 212.42 Td (100.04) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 212.42 Td (56.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 212.42 Td (43.38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 197.42 Td (Third quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.50 197.42 Td (94.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.50 197.42 Td (45.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 197.42 Td (43.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.00 182.42 Td (Fourth quarter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.10 182.42 Td (70.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.10 182.42 Td (40.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.10 182.42 Td (48.03) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 154.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 107.75 154.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 141.85 154.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.88 154.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 181.22 154.25 Td (during ) Tj ET Q q 0 0 0 rg BT 209.80 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.48 154.25 Td (second ) Tj ET Q q 0 0 0 rg BT 254.72 154.25 Td (half ) Tj ET Q q 0 0 0 rg BT 272.73 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.53 154.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 306.00 154.25 Td (increased ) Tj ET Q q 0 0 0 rg BT 346.22 154.25 Td (from ) Tj ET Q q 0 0 0 rg BT 368.12 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.81 154.25 Td (lows ) Tj ET Q q 0 0 0 rg BT 404.17 154.25 Td (experienced ) Tj ET Q q 0 0 0 rg BT 454.93 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 465.18 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.86 154.25 Td (first ) Tj ET Q q 0 0 0 rg BT 498.44 154.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 529.22 154.25 Td (of ) Tj ET Q q 0 0 0 rg BT 540.02 154.25 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (our ) Tj ET Q q 0 0 0 rg BT 66.28 142.25 Td (focus ) Tj ET Q q 0 0 0 rg BT 91.40 142.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 133.18 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 144.41 142.25 Td (remain ) Tj ET Q q 0 0 0 rg BT 175.63 142.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.08 142.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 208.64 142.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 253.75 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 271.64 142.25 Td (preserving ) Tj ET Q q 0 0 0 rg BT 317.30 142.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 350.54 142.25 Td (. ) Tj ET Q q 0 0 0 rg BT 356.50 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.95 142.25 Td (Cost ) Tj ET Q q 0 0 0 rg BT 381.75 142.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 426.85 142.25 Td (have ) Tj ET Q q 0 0 0 rg BT 449.19 142.25 Td (been ) Tj ET Q q 0 0 0 rg BT 471.52 142.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 506.61 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.84 142.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 541.30 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.53 142.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (categories ) Tj ET Q q 0 0 0 rg BT 92.10 130.25 Td (of ) Tj ET Q q 0 0 0 rg BT 102.51 130.25 Td (our ) Tj ET Q q 0 0 0 rg BT 117.91 130.25 Td (business. ) Tj ET Q q 0 0 0 rg BT 156.38 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 158.45 130.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 176.07 130.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 198.15 130.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 226.87 130.25 Td (development ) Tj ET Q q 0 0 0 rg BT 280.59 130.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 333.76 130.25 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.04 130.25 Td ($208.6 ) Tj ET Q q 0 0 0 rg BT 392.62 130.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.51 130.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.08 130.25 Td (which ) Tj ET Q q 0 0 0 rg BT 452.59 130.25 Td (were ) Tj ET Q q 0 0 0 rg BT 474.09 130.25 Td (fully ) Tj ET Q q 0 0 0 rg BT 495.05 130.25 Td (funded ) Tj ET Q q 0 0 0 rg BT 524.89 130.25 Td (with ) Tj ET Q q 0 0 0 rg BT 544.74 130.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 73.30 118.25 Td (from ) Tj ET Q q 0 0 0 rg BT 94.32 118.25 Td (operations, ) Tj ET Q q 0 0 0 rg BT 140.06 118.25 Td (thus ) Tj ET Q q 0 0 0 rg BT 158.31 118.25 Td (preserving ) Tj ET Q q 0 0 0 rg BT 202.10 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 217.01 118.25 Td (liquidity) Tj ET Q q 0 0 0 rg BT 250.26 118.25 Td (. ) Tj ET Q q 0 0 0 rg BT 254.34 118.25 Td ( ) Tj ET Q q 0 0 0 rg BT 255.92 118.25 Td (One ) Tj ET Q q 0 0 0 rg BT 274.16 118.25 Td (advantage ) Tj ET Q q 0 0 0 rg BT 316.28 118.25 Td (we ) Tj ET Q q 0 0 0 rg BT 329.52 118.25 Td (have ) Tj ET Q q 0 0 0 rg BT 349.98 118.25 Td (in ) Tj ET Q q 0 0 0 rg BT 359.34 118.25 Td (this ) Tj ET Q q 0 0 0 rg BT 375.37 118.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 427.49 118.25 Td (is ) Tj ET Q q 0 0 0 rg BT 435.75 118.25 Td (that ) Tj ET Q q 0 0 0 rg BT 452.32 118.25 Td (our ) Tj ET Q q 0 0 0 rg BT 467.23 118.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 479.37 118.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 504.29 118.25 Td (have ) Tj ET Q q 0 0 0 rg BT 524.74 118.25 Td (relatively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.25 Td (low ) Tj ET Q q 0 0 0 rg BT 67.09 106.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 98.55 106.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 120.02 106.25 Td (even ) Tj ET Q q 0 0 0 rg BT 141.49 106.25 Td (with ) Tj ET Q q 0 0 0 rg BT 161.86 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 177.78 106.25 Td (significantly ) Tj ET Q q 0 0 0 rg BT 230.36 106.25 Td (reduced ) Tj ET Q q 0 0 0 rg BT 264.59 106.25 Td (planned ) Tj ET Q q 0 0 0 rg BT 298.84 106.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.08 106.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 366.78 106.25 Td (level, ) Tj ET Q q 0 0 0 rg BT 391.30 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 106.25 Td (therefore ) Tj ET Q q 0 0 0 rg BT 447.00 106.25 Td (our ) Tj ET Q q 0 0 0 rg BT 462.93 106.25 Td (average ) Tj ET Q q 0 0 0 rg BT 496.60 106.25 Td (daily ) Tj ET Q q 0 0 0 rg BT 519.19 106.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 85.54 94.25 Td (by ) Tj ET Q q 0 0 0 rg BT 97.71 94.25 Td (less ) Tj ET Q q 0 0 0 rg BT 114.88 94.25 Td (than ) Tj ET Q q 0 0 0 rg BT 134.27 94.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 154.77 94.25 Td (in ) Tj ET Q q 0 0 0 rg BT 164.72 94.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 189.39 94.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 230.99 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.38 94.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 274.76 94.25 Td (of ) Tj ET Q q 0 0 0 rg BT 285.26 94.25 Td (weather) Tj ET Q q 0 0 0 rg BT 316.71 94.25 Td (-related ) Tj ET Q q 0 0 0 rg BT 349.41 94.25 Td (downtime ) Tj ET Q q 0 0 0 rg BT 391.58 94.25 Td (at ) Tj ET Q q 0 0 0 rg BT 400.96 94.25 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 432.57 94.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.03 94.25 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 493.97 94.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 520.86 94.25 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 70.93 82.25 Td (sales, ) Tj ET Q q 0 0 0 rg BT 94.86 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.29 82.25 Td (production ) Tj ET Q q 0 0 0 rg BT 156.61 82.25 Td (shut ) Tj ET Q q 0 0 0 rg BT 175.27 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.04 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 198.69 82.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 239.56 82.25 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 274.04 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.03 82.25 Td (Lastly) Tj ET Q q 0 0 0 rg BT 300.38 82.25 Td (, ) Tj ET Q q 0 0 0 rg BT 304.87 82.25 Td (we ) Tj ET Q q 0 0 0 rg BT 318.52 82.25 Td (have ) Tj ET Q q 0 0 0 rg BT 339.39 82.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 370.26 82.25 Td (a ) Tj ET Q q 0 0 0 rg BT 376.69 82.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 407.57 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.89 82.25 Td (our ) Tj ET Q q 0 0 0 rg BT 433.22 82.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 473.53 82.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 486.08 82.25 Td (production ) Tj ET Q q 0 0 0 rg BT 531.39 82.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 71.88 70.25 Td (in ) Tj ET Q q 0 0 0 rg BT 82.05 70.25 Td (order ) Tj ET Q q 0 0 0 rg BT 105.53 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 115.69 70.25 Td (cover ) Tj ET Q q 0 0 0 rg BT 140.28 70.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.00 70.25 Td (current ) Tj ET Q q 0 0 0 rg BT 186.70 70.25 Td (level ) Tj ET Q q 0 0 0 rg BT 208.52 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 219.23 70.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 239.38 70.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.53 70.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 301.92 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 318.74 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 328.90 70.25 Td (help ) Tj ET Q q 0 0 0 rg BT 348.50 70.25 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 383.65 70.25 Td (any ) Tj ET Q q 0 0 0 rg BT 400.48 70.25 Td (future ) Tj ET Q q 0 0 0 rg BT 426.74 70.25 Td (price ) Tj ET Q q 0 0 0 rg BT 449.11 70.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 484.26 70.25 Td (or ) Tj ET Q q 0 0 0 rg BT 494.97 70.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 534.57 70.25 Td (low ) Tj ET Q q 0 0 0 rg BT 551.96 70.25 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 76.37 58.25 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 95.47 58.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 127.35 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.13 58.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 186.13 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.12 58.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 243.23 58.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 288.43 58.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.88 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 330.87 58.25 Td (below\). ) Tj ET Q q 0 0 0 rg BT 364.14 58.25 Td ( ) Tj ET Q q 0 0 0 rg BT 367.14 58.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 385.68 58.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 408.68 58.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 438.33 58.25 Td (spending ) Tj ET Q q 0 0 0 rg BT 477.43 58.25 Td (has ) Tj ET Q q 0 0 0 rg BT 493.76 58.25 Td (been ) Tj ET Q q 0 0 0 rg BT 515.64 58.25 Td (budgeted ) Tj ET Q q 0 0 0 rg BT 555.29 58.25 Td (at ) Tj ET Q endstream endobj 77 0 obj <> endobj 78 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (38) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 109.56 713.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 131.86 713.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 165.55 713.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 207.28 713.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 252.88 713.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 284.62 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.35 713.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 353.93 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 360.66 713.10 Td (44% ) Tj ET Q q 0 0 0 rg BT 381.29 713.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 416.34 713.10 Td (over ) Tj ET Q q 0 0 0 rg BT 436.41 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.93 713.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 473.23 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 502.18 713.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 540.58 713.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 565.02 713.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (It ) Tj ET Q q 0 0 0 rg BT 58.32 701.10 Td (is ) Tj ET Q q 0 0 0 rg BT 67.70 701.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 105.94 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 123.65 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.57 701.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 178.48 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 198.96 701.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 220.00 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 242.15 701.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 289.02 701.10 Td (based ) Tj ET Q q 0 0 0 rg BT 314.50 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.21 701.10 Td (current ) Tj ET Q q 0 0 0 rg BT 358.23 701.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 397.61 701.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 428.08 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 454.67 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.16 701.10 Td (late-February ) Tj ET Q q 0 0 0 rg BT 521.73 701.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 546.94 701.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 70.18 689.10 Td (all ) Tj ET Q q 0 0 0 rg BT 82.52 689.10 Td (but ) Tj ET Q q 0 0 0 rg BT 97.64 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 104.43 689.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 130.66 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 163.00 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.68 689.10 Td (this ) Tj ET Q q 0 0 0 rg BT 190.47 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 219.47 689.10 Td (spending. ) Tj ET Q q 0 0 0 rg BT 260.42 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.60 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 271.64 689.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 284.54 689.10 Td (this ) Tj ET Q q 0 0 0 rg BT 301.33 689.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 341.44 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 370.43 689.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 408.89 689.10 Td (level, ) Tj ET Q q 0 0 0 rg BT 433.17 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 447.17 689.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 485.61 689.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 526.83 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.50 689.10 Td (2017 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.08 677.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 105.58 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 151.40 677.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 194.45 677.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 234.71 677.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 250.53 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 270.81 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.64 677.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 304.13 677.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 321.62 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.90 677.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 354.40 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.23 677.10 Td (roughly ) Tj ET Q q 0 0 0 rg BT 398.84 677.10 Td (60,000 ) Tj ET Q q 0 0 0 rg BT 428.84 677.10 Td (BOE/d.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.42 653.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 123.50 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 137.75 653.10 Td (have ) Tj ET Q q 0 0 0 rg BT 159.21 653.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 201.24 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.60 653.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 247.50 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.42 653.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 289.33 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 309.70 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.72 653.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 336.53 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.44 653.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 391.12 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.93 653.10 Td (value ) Tj ET Q q 0 0 0 rg BT 430.17 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.09 653.10 Td (both ) Tj ET Q q 0 0 0 rg BT 461.45 653.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 495.70 653.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.62 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.65 653.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 83.09 641.10 Td (by ) Tj ET Q q 0 0 0 rg BT 95.03 641.10 Td (optimizing ) Tj ET Q q 0 0 0 rg BT 140.30 641.10 Td (field ) Tj ET Q q 0 0 0 rg BT 160.56 641.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 207.48 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.86 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 277.45 641.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 303.00 641.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 339.92 641.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 353.81 639.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.06 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.00 641.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 395.93 641.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 431.75 641.10 Td (through ) Tj ET Q q 0 0 0 rg BT 464.80 641.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 504.49 641.10 Td (ef) Tj ET Q q 0 0 0 rg BT 512.08 641.10 Td (ficiency) Tj ET Q q 0 0 0 rg BT 543.63 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 548.07 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (reducing ) Tj ET Q q 0 0 0 rg BT 87.48 629.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 110.47 629.10 Td (such ) Tj ET Q q 0 0 0 rg BT 131.79 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 143.12 629.10 Td (power ) Tj ET Q q 0 0 0 rg BT 171.10 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.53 629.10 Td (workovers. ) Tj ET Q q 0 0 0 rg BT 236.24 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.02 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 247.65 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 255.08 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 276.95 629.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 311.59 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.92 629.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 358.67 629.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 372.56 627.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.81 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.81 629.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 416.79 629.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 453.67 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 466.66 629.10 Td (32% ) Tj ET Q q 0 0 0 rg BT 487.99 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.42 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 521.74 629.10 Td (total ) Tj ET Q q 0 0 0 rg BT 542.51 629.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.36 617.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 129.56 617.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.66 617.10 Td ($1) Tj ET Q q 0 0 0 rg BT 152.29 617.10 Td (13.8 ) Tj ET Q q 0 0 0 rg BT 172.89 617.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.78 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.88 617.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.21 617.10 Td (22%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.54 617.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 232.97 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 246.07 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 253.61 617.10 Td (normalized ) Tj ET Q q 0 0 0 rg BT 301.69 617.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 324.79 617.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 343.99 617.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 375.97 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.85 617.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 434.95 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 443.05 617.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 452.68 617.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 490.77 617.10 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 531.08 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.18 617.10 Td (Lease ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 94.41 605.10 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.62 605.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 138.75 605.10 Td (when ) Tj ET Q q 0 0 0 rg BT 164.21 605.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 210.78 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.79 605.10 Td (years ) Tj ET Q q 0 0 0 rg BT 251.70 605.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 279.37 605.10 Td (December ) Tj ET Q q 0 0 0 rg BT 324.26 605.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 340.56 605.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 364.36 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.60 605.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 408.91 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.43 605.10 Td (These ) Tj ET Q q 0 0 0 rg BT 440.11 605.10 Td (initiatives ) Tj ET Q q 0 0 0 rg BT 483.35 605.10 Td (aim ) Tj ET Q q 0 0 0 rg BT 502.15 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.73 605.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 550.28 605.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (profitability ) Tj ET Q q 0 0 0 rg BT 99.77 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.60 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.43 593.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 170.58 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.52 593.10 Td (make ) Tj ET Q q 0 0 0 rg BT 211.68 593.10 Td (them ) Tj ET Q q 0 0 0 rg BT 234.17 593.10 Td (more ) Tj ET Q q 0 0 0 rg BT 257.22 593.10 Td (resilient ) Tj ET Q q 0 0 0 rg BT 291.93 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.21 593.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 327.48 593.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 340.54 593.10 Td (prices.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.96 569.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 136.31 569.10 Td (Highlights.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.27 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.73 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.19 569.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 206.21 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.65 569.10 Td (results ) Tj ET Q q 0 0 0 rg BT 272.22 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 293.56 569.10 Td (been ) Tj ET Q q 0 0 0 rg BT 314.90 569.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 367.35 569.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 406.47 569.10 Td (by ) Tj ET Q q 0 0 0 rg BT 418.93 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.61 569.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 470.48 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 480.73 569.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 514.83 569.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 527.85 569.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 554.19 569.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (highlighted ) Tj ET Q q 0 0 0 rg BT 97.25 557.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 125.83 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 152.46 557.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 194.08 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 215.71 557.10 Td (an ) Tj ET Q q 0 0 0 rg BT 227.35 557.10 Td (average ) Tj ET Q q 0 0 0 rg BT 260.63 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.16 557.10 Td ($90.74 ) Tj ET Q q 0 0 0 rg BT 300.86 557.10 Td (per ) Tj ET Q q 0 0 0 rg BT 315.83 557.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 332.48 557.10 Td (during ) Tj ET Q q 0 0 0 rg BT 360.78 557.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 382.98 557.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.96 557.10 Td ($41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.46 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 422.66 557.10 Td (per ) Tj ET Q q 0 0 0 rg BT 437.62 557.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 454.27 557.10 Td (during ) Tj ET Q q 0 0 0 rg BT 482.58 557.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 507.28 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.48 557.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 557.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 557.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.00 545.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 110.71 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 117.99 545.10 Td (net ) Tj ET Q q 0 0 0 rg BT 133.05 545.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 151.46 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.63 545.10 Td ($976.2 ) Tj ET Q q 0 0 0 rg BT 192.97 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.86 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.21 545.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 269.47 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 280.10 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 287.38 545.10 Td (net ) Tj ET Q q 0 0 0 rg BT 302.44 545.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 320.84 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.02 545.10 Td ($4.4 ) Tj ET Q q 0 0 0 rg BT 352.36 545.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.47 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 381.32 545.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.27 545.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.27 545.10 Td (.Our ) Tj ET Q q 0 0 0 rg BT 456.16 545.10 Td (net ) Tj ET Q q 0 0 0 rg BT 471.22 545.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 489.63 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 500.25 545.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 523.09 545.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.71 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.25 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.24 533.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 137.78 533.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 174.96 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.51 533.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 221.05 533.10 Td (impairments, ) Tj ET Q q 0 0 0 rg BT 276.31 533.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 316.29 533.10 Td (because ) Tj ET Q q 0 0 0 rg BT 350.70 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 364.03 533.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 393.17 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.38 533.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 445.36 533.10 Td (driver ) Tj ET Q q 0 0 0 rg BT 472.00 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.10 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 499.20 533.10 Td (full-cost ) Tj ET Q q 0 0 0 rg BT 535.30 533.10 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (test ) Tj ET Q q 0 0 0 rg BT 65.45 521.10 Td (write-downs, ) Tj ET Q q 0 0 0 rg BT 120.01 521.10 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 160.40 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.91 521.10 Td (began ) Tj ET Q q 0 0 0 rg BT 202.85 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.70 521.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 247.52 521.10 Td (during ) Tj ET Q q 0 0 0 rg BT 275.70 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.98 521.10 Td (course ) Tj ET Q q 0 0 0 rg BT 318.15 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.55 521.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 353.11 521.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.62 521.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 413.34 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 423.19 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.47 521.10 Td (trailing ) Tj ET Q q 0 0 0 rg BT 468.42 521.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 509.38 521.10 Td (average ) Tj ET Q q 0 0 0 rg BT 542.53 521.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 67.36 509.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 101.33 509.10 Td (driver ) Tj ET Q q 0 0 0 rg BT 127.52 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.16 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.69 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 176.65 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.30 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.94 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 233.02 509.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 268.09 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.84 509.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 323.24 509.10 Td (any ) Tj ET Q q 0 0 0 rg BT 339.99 509.10 Td (full ) Tj ET Q q 0 0 0 rg BT 356.18 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 374.60 509.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 394.70 509.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 424.22 509.10 Td (test ) Tj ET Q q 0 0 0 rg BT 440.42 509.10 Td (write-downs\) ) Tj ET Q q 0 0 0 rg BT 496.05 509.10 Td (flattening, ) Tj ET Q q 0 0 0 rg BT 539.18 509.10 Td (rather ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (than ) Tj ET Q q 0 0 0 rg BT 69.40 497.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 109.29 497.10 Td (each ) Tj ET Q q 0 0 0 rg BT 130.29 497.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 161.28 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.29 497.10 Td (was ) Tj ET Q q 0 0 0 rg BT 190.53 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.42 497.10 Td (case ) Tj ET Q q 0 0 0 rg BT 225.31 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.77 497.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 260.95 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.63 497.10 Td (Impairments ) Tj ET Q q 0 0 0 rg BT 316.85 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.86 497.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 353.88 497.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.77 497.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 413.95 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.84 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.52 497.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.85 497.10 Td ($508.2 ) Tj ET Q q 0 0 0 rg BT 479.03 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.92 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.60 497.10 Td (net ) Tj ET Q q 0 0 0 rg BT 525.50 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.51 497.10 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 554.74 497.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.47 485.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 116.37 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.63 485.10 Td ($6.2 ) Tj ET Q q 0 0 0 rg BT 146.60 485.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 175.19 485.10 Td (\($4.3 ) Tj ET Q q 0 0 0 rg BT 198.49 485.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 227.08 485.10 Td (net ) Tj ET Q q 0 0 0 rg BT 241.77 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.58 485.10 Td (tax\) ) Tj ET Q q 0 0 0 rg BT 270.60 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.85 485.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 303.33 485.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 321.90 485.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 353.26 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.51 485.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 410.99 485.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.99 485.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 418.46 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 426.24 485.10 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 469.82 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.08 485.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 495.33 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.80 485.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 546.40 485.10 Td (Gas ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 473.10 Td (operties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 473.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 110.98 473.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 133.57 473.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 182.83 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.21 473.10 Td (Goodwill) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 230.43 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.03 473.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 265.89 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.92 473.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 317.82 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.92 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.73 473.10 Td (ef) Tj ET Q q 0 0 0 rg BT 345.32 473.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 362.90 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.83 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.64 473.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 429.00 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 439.38 473.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 461.41 473.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 514.00 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.37 473.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 546.97 473.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 84.95 461.10 Td (of) Tj ET Q q 0 0 0 rg BT 93.10 461.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 109.67 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 121.80 461.10 Td (an ) Tj ET Q q 0 0 0 rg BT 133.37 461.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 180.46 461.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 232.01 461.10 Td (char) Tj ET Q q 0 0 0 rg BT 249.04 461.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 260.61 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.07 461.10 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 300.70 461.10 Td (million ) Tj ET Q q 0 0 0 rg BT 331.72 461.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 368.83 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.74 461.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 400.87 461.10 Td (related ) Tj ET Q q 0 0 0 rg BT 430.20 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.11 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.46 461.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 478.26 461.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 504.28 461.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.74 461.10 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.32 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 97.26 449.10 Td (related ) Tj ET Q q 0 0 0 rg BT 126.96 449.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 152.79 449.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 171.39 449.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 202.78 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.05 449.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 260.55 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 268.05 449.10 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 312.49 449.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 332.67 449.10 Td (eciation, ) Tj ET Q q 0 0 0 rg BT 369.88 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.20 449.10 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.43 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 441.93 449.10 Td (below\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.41 425.10 Td (generated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.10 425.10 Td ($219.2 ) Tj ET Q q 0 0 0 rg BT 155.43 425.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.33 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.16 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.32 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.92 425.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 240.08 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 262.35 425.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 302.95 425.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 341.88 425.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.82 425.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.82 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 396.15 425.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 438.41 425.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.02 425.10 Td ($864.3 ) Tj ET Q q 0 0 0 rg BT 479.35 425.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.24 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.07 425.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 425.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 425.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 66.51 413.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 106.30 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.65 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.66 413.10 Td ($427.5 ) Tj ET Q q 0 0 0 rg BT 153.73 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 185.20 413.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 216.64 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 413.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 269.55 413.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 317.11 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.12 413.10 Td ($277.3 ) Tj ET Q q 0 0 0 rg BT 364.20 413.10 Td (million ) Tj ET Q q 0 0 0 rg BT 395.66 413.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 436.00 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 446.35 413.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 484.46 413.10 Td (due ) Tj ET Q q 0 0 0 rg BT 501.47 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.82 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.61 413.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 551.96 413.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 75.88 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.82 401.10 Td (less ) Tj ET Q q 0 0 0 rg BT 110.32 401.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 132.25 401.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 171.14 401.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 206.96 401.10 Td (of) Tj ET Q q 0 0 0 rg BT 215.11 401.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 232.05 401.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.55 401.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 288.70 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.98 401.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 339.25 401.10 Td (expenses.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.86 377.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.86 377.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.40 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 140.76 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.35 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.82 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 202.62 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 218.98 377.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 267.84 377.10 Td (which ) Tj ET Q q 0 0 0 rg BT 295.32 377.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.90 377.10 Td (96%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.23 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.27 377.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 351.36 377.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.47 377.10 Td (64,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 417.97 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 421.01 377.10 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 454.32 377.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 496.78 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 507.59 377.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.06 377.10 Td (average ) Tj ET Q q 0 0 0 rg BT 554.18 377.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (72,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.33 365.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 109.43 365.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 148.97 365.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.40 365.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.40 365.10 Td (.) Tj ET Q q 0 0 0 rg BT 204.72 365.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.82 365.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.15 365.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.48 365.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.90 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 282.22 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 292.33 365.10 Td (production ) Tj ET Q q 0 0 0 rg BT 337.98 365.10 Td (was ) Tj ET Q q 0 0 0 rg BT 355.86 365.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 395.40 365.10 Td (due ) Tj ET Q q 0 0 0 rg BT 412.16 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.27 365.10 Td (weather) Tj ET Q q 0 0 0 rg BT 453.71 365.10 Td (-related ) Tj ET Q q 0 0 0 rg BT 486.57 365.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 516.68 365.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.44 353.10 Td (shut ) Tj ET Q q 0 0 0 rg BT 114.73 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.13 353.10 Td (due ) Tj ET Q q 0 0 0 rg BT 142.19 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.59 353.10 Td (economics, ) Tj ET Q q 0 0 0 rg BT 200.47 353.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 231.41 353.10 Td (downtime, ) Tj ET Q q 0 0 0 rg BT 276.53 353.10 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 329.67 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.73 353.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 372.67 353.10 Td (work, ) Tj ET Q q 0 0 0 rg BT 398.34 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.40 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 445.78 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 491.72 353.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 527.11 353.10 Td (based ) Tj ET Q q 0 0 0 rg BT 552.50 353.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.35 341.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 88.63 341.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 116.79 341.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 154.42 341.10 Td (level. ) Tj ET Q q 0 0 0 rg BT 177.87 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.27 341.10 Td (T) Tj ET Q q 0 0 0 rg BT 184.68 341.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 201.19 341.10 Td (production ) Tj ET Q q 0 0 0 rg BT 246.03 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 255.33 341.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 276.84 341.10 Td (also ) Tj ET Q q 0 0 0 rg BT 294.46 341.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 329.31 341.10 Td (production ) Tj ET Q q 0 0 0 rg BT 374.15 341.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.86 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 412.16 341.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 440.87 341.10 Td (non-core ) Tj ET Q q 0 0 0 rg BT 477.93 341.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.77 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 512.06 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.69 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 534.72 341.10 Td (illiston ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Basin ) Tj ET Q q 0 0 0 rg BT 74.34 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 84.73 329.10 Td (North ) Tj ET Q q 0 0 0 rg BT 110.12 329.10 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 141.06 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.56 329.10 Td (Montana ) Tj ET Q q 0 0 0 rg BT 195.16 329.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 212.77 329.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.25 329.10 Td (illiston ) Tj ET Q q 0 0 0 rg BT 255.64 329.10 Td (Assets\), ) Tj ET Q q 0 0 0 rg BT 294.08 329.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.58 329.10 Td (were ) Tj ET Q q 0 0 0 rg BT 342.07 329.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 360.80 329.10 Td (during ) Tj ET Q q 0 0 0 rg BT 388.97 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 403.24 329.10 Td (third ) Tj ET Q q 0 0 0 rg BT 424.19 329.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 454.57 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.96 329.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 489.52 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.02 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 528.63 329.10 Td (property ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (divestitures. ) Tj ET Q q 0 0 0 rg BT 100.46 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.82 317.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 149.06 317.10 Td (related ) Tj ET Q q 0 0 0 rg BT 178.62 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.75 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.15 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 212.19 317.10 Td (illiston ) Tj ET Q q 0 0 0 rg BT 241.81 317.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 270.28 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.07 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 309.98 317.10 Td (property ) Tj ET Q q 0 0 0 rg BT 346.21 317.10 Td (divestitures ) Tj ET Q q 0 0 0 rg BT 394.67 317.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.11 317.10 Td (1,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.61 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.96 317.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 488.10 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.23 317.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 523.09 317.10 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.62 305.10 Td (1,993 ) Tj ET Q q 0 0 0 rg BT 84.47 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 94.60 305.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 119.44 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.62 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 147.84 305.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.51 305.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 234.16 305.10 Td (were ) Tj ET Q q 0 0 0 rg BT 255.94 305.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 291.61 305.10 Td (of) Tj ET Q q 0 0 0 rg BT 299.76 305.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 316.54 305.10 Td (by ) Tj ET Q q 0 0 0 rg BT 328.89 305.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 367.88 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.00 305.10 Td (production ) Tj ET Q q 0 0 0 rg BT 423.67 305.10 Td (due ) Tj ET Q q 0 0 0 rg BT 440.46 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.58 305.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 492.36 305.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 506.25 303.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.50 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.85 305.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 551.95 305.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.51 293.10 Td (response ) Tj ET Q q 0 0 0 rg BT 125.53 293.10 Td (at ) Tj ET Q q 0 0 0 rg BT 135.78 293.10 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 161.03 293.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 184.62 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.44 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.69 293.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 232.05 293.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 257.86 293.10 Td (region ) Tj ET Q q 0 0 0 rg BT 286.44 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.92 293.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 323.61 293.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 350.52 293.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 374.12 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.93 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.18 293.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 429.32 293.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 471.24 293.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 502.32 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 505.35 293.10 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 522.83 293.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 554.75 293.10 Td (of ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 97.00 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.50 281.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 114.13 281.10 Td (oduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.62 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 165.78 281.10 Td (further ) Tj ET Q q 0 0 0 rg BT 195.49 281.10 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.27 257.10 Td (average ) Tj ET Q q 0 0 0 rg BT 118.57 257.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 152.43 257.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 165.20 257.10 Td (price ) Tj ET Q q 0 0 0 rg BT 187.40 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 202.39 257.10 Td (barrel, ) Tj ET Q q 0 0 0 rg BT 230.42 257.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 272.07 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.50 257.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 315.93 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.48 257.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 374.25 257.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 416.45 257.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 457.26 257.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.02 257.10 Td ($41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.52 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.74 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 519.73 257.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 536.39 257.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 245.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.89 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 80.23 245.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 116.53 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.76 245.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.09 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.98 245.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 188.30 245.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.97 245.10 Td ($47.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.47 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.36 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 242.03 245.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 258.37 245.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 291.90 245.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.90 245.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.90 245.10 Td (.) Tj ET Q q 0 0 0 rg BT 347.22 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 364.66 245.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 377.11 245.10 Td (price ) Tj ET Q q 0 0 0 rg BT 398.99 245.10 Td (we ) Tj ET Q q 0 0 0 rg BT 412.55 245.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 446.08 245.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 477.95 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.63 245.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 526.18 245.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 538.63 245.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 68.78 233.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 108.07 233.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.26 233.10 Td (price ) Tj ET Q q 0 0 0 rg BT 143.87 233.10 Td (dif) Tj ET Q q 0 0 0 rg BT 154.79 233.10 Td (ferential\) ) Tj ET Q q 0 0 0 rg BT 194.06 233.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.23 233.10 Td ($2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.73 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.36 233.10 Td (per ) Tj ET Q q 0 0 0 rg BT 252.75 233.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 269.82 233.10 Td (below ) Tj ET Q q 0 0 0 rg BT 296.89 233.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 336.18 233.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 362.68 233.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.41 233.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.41 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.54 233.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.60 233.10 Td ($0.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.10 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 448.72 233.10 Td (per ) Tj ET Q q 0 0 0 rg BT 464.12 233.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 481.19 233.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 512.69 233.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 233.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 82.50 221.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 107.74 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.43 221.10 Td ($1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.93 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.30 221.10 Td (per ) Tj ET Q q 0 0 0 rg BT 155.43 221.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 171.24 221.10 Td (below ) Tj ET Q q 0 0 0 rg BT 197.04 221.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 235.07 221.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.21 221.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.21 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.07 221.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 306.64 221.10 Td (due ) Tj ET Q q 0 0 0 rg BT 322.44 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.58 221.10 Td (weakening ) Tj ET Q q 0 0 0 rg BT 376.26 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.96 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.65 221.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 420.34 221.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 444.48 221.10 Td (region ) Tj ET Q q 0 0 0 rg BT 471.39 221.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 490.53 221.10 Td (price ) Tj ET Q q 0 0 0 rg BT 511.88 221.10 Td (dif) Tj ET Q q 0 0 0 rg BT 522.81 221.10 Td (ferentials, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 209.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 74.59 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 84.87 209.10 Td (part ) Tj ET Q q 0 0 0 rg BT 102.91 209.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.41 209.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 171.23 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.51 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.23 209.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 224.84 209.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 266.22 209.10 Td (region ) Tj ET Q q 0 0 0 rg BT 294.27 209.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 330.66 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.94 209.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 363.44 209.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 395.92 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.19 209.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 445.36 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 458.42 209.10 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (One ) Tj ET Q q 0 0 0 rg BT 86.82 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.81 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.80 185.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 148.12 185.10 Td (focuses ) Tj ET Q q 0 0 0 rg BT 180.77 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.21 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.09 185.10 Td (past ) Tj ET Q q 0 0 0 rg BT 224.86 185.10 Td (few ) Tj ET Q q 0 0 0 rg BT 242.51 185.10 Td (years ) Tj ET Q q 0 0 0 rg BT 266.27 185.10 Td (has ) Tj ET Q q 0 0 0 rg BT 282.26 185.10 Td (been ) Tj ET Q q 0 0 0 rg BT 303.80 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.24 185.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 343.54 185.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 366.21 185.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 412.75 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.63 185.10 Td (or) Tj ET Q q 0 0 0 rg BT 435.78 185.10 Td (ganization ) Tj ET Q q 0 0 0 rg BT 480.09 185.10 Td (through ) Tj ET Q q 0 0 0 rg BT 513.86 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.96 185.10 Td (number ) Tj ET Q q 0 0 0 rg BT 554.17 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.17 173.10 Td (initiatives. ) Tj ET Q q 0 0 0 rg BT 126.24 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.90 173.10 Td (As ) Tj ET Q q 0 0 0 rg BT 141.15 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.72 173.10 Td (result ) Tj ET Q q 0 0 0 rg BT 172.07 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.53 173.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.21 173.10 Td (ef) Tj ET Q q 0 0 0 rg BT 212.79 173.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 235.76 173.10 Td (we ) Tj ET Q q 0 0 0 rg BT 249.55 173.10 Td (have ) Tj ET Q q 0 0 0 rg BT 270.56 173.10 Td (been ) Tj ET Q q 0 0 0 rg BT 291.56 173.10 Td (able ) Tj ET Q q 0 0 0 rg BT 310.35 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.26 173.10 Td (achieve ) Tj ET Q q 0 0 0 rg BT 352.92 173.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 396.71 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.62 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 422.08 173.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 444.20 173.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 484.09 173.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 524.82 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 544.73 173.10 Td (total ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 72.30 161.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 112.87 161.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 151.78 161.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.92 161.10 Td ($414.9 ) Tj ET Q q 0 0 0 rg BT 193.24 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.13 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.94 161.10 Td (during ) Tj ET Q q 0 0 0 rg BT 253.86 161.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 279.17 161.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 286.42 161.10 Td (19%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.75 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.56 161.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 348.14 161.10 Td (when ) Tj ET Q q 0 0 0 rg BT 372.61 161.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 414.84 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.43 161.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 448.25 161.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 476.88 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.69 161.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 523.61 161.10 Td (special ) Tj ET Q q 0 0 0 rg BT 554.18 161.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (unusual ) Tj ET Q q 0 0 0 rg BT 83.04 149.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 119.35 149.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 155.09 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.30 149.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 190.22 149.10 Td (total ) Tj ET Q q 0 0 0 rg BT 210.42 149.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 232.83 149.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 273.03 149.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 311.55 149.10 Td (per ) Tj ET Q q 0 0 0 rg BT 326.75 149.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 349.17 149.10 Td (during ) Tj ET Q q 0 0 0 rg BT 377.71 149.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 400.13 149.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.99 149.10 Td ($17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.49 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.42 149.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 496.27 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 506.47 149.10 Td ($19.88 ) Tj ET Q q 0 0 0 rg BT 536.40 149.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 75.42 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 96.62 137.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 138.35 137.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 173.42 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 184.62 137.10 Td (most ) Tj ET Q q 0 0 0 rg BT 207.49 137.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 251.44 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.20 137.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 286.60 137.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 327.79 137.10 Td (expenses. ) Tj ET Q q 0 0 0 rg BT 369.81 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.24 137.10 Td (General ) Tj ET Q q 0 0 0 rg BT 408.30 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.17 137.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 486.79 137.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 526.32 137.10 Td (per ) Tj ET Q q 0 0 0 rg BT 542.51 137.10 Td (BOE ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.30 125.10 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.63 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.02 125.10 Td (when ) Tj ET Q q 0 0 0 rg BT 136.07 125.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 181.22 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.83 125.10 Td (year) Tj ET Q q 0 0 0 rg BT 212.84 125.10 Td (-ended ) Tj ET Q q 0 0 0 rg BT 242.43 125.10 Td (December ) Tj ET Q q 0 0 0 rg BT 285.91 125.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 300.80 125.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 323.19 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 333.35 125.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 358.24 125.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 397.84 125.10 Td (due ) Tj ET Q q 0 0 0 rg BT 414.67 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 424.84 125.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 450.00 125.10 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 521.79 125.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 544.18 125.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 113.10 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 95.32 113.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 121.71 113.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 156.96 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 173.90 113.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 215.83 113.10 Td (incentives. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 89.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 89.88 89.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 112.81 89.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 158.91 89.10 Td (T) Tj ET Q q 0 0 0 rg BT 164.84 89.10 Td (ransactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.23 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.61 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.99 89.10 Td (During ) Tj ET Q q 0 0 0 rg BT 251.70 89.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 276.58 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 290.62 89.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 334.65 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 341.47 89.10 Td (series ) Tj ET Q q 0 0 0 rg BT 366.62 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.33 89.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 415.26 89.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 459.29 89.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.88 89.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 522.91 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.73 89.10 Td (open-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (market ) Tj ET Q q 0 0 0 rg BT 80.00 77.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 99.95 77.10 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 152.39 77.10 Td (contributing ) Tj ET Q q 0 0 0 rg BT 204.00 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.52 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 221.69 77.10 Td (net ) Tj ET Q q 0 0 0 rg BT 236.64 77.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 277.14 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.21 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.28 77.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 324.23 77.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 362.51 77.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 395.77 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.84 77.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.33 77.10 Td ($530.4 ) Tj ET Q q 0 0 0 rg BT 497.57 77.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.46 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 529.20 77.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.95 65.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.81 65.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 130.17 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.98 65.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 171.84 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.20 65.10 Td (In ) Tj ET Q q 0 0 0 rg BT 184.90 65.10 Td (May ) Tj ET Q q 0 0 0 rg BT 205.59 65.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 230.45 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 244.48 65.10 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 289.59 65.10 Td ($1,057.8 ) Tj ET Q q 0 0 0 rg BT 326.96 65.10 Td (million ) Tj ET Q q 0 0 0 rg BT 358.21 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.90 65.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 402.93 65.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 429.73 65.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 483.75 65.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 507.22 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 527.37 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.17 65.10 Td (limited ) Tj ET Q endstream endobj 79 0 obj <> endobj 80 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (number ) Tj ET Q q 0 0 0 rg BT 83.19 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.66 713.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 127.24 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 142.04 713.10 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 172.69 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 204.72 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.19 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.66 713.10 Td (new ) Tj ET Q q 0 0 0 rg BT 252.47 713.10 Td (9% ) Tj ET Q q 0 0 0 rg BT 268.94 713.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 298.19 713.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 333.54 713.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 366.12 713.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 387.59 713.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 414.06 713.10 Td (due ) Tj ET Q q 0 0 0 rg BT 431.64 713.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 454.78 713.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 473.47 713.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 501.05 713.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 530.30 713.10 Td (Secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 83.15 701.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 102.36 701.10 Td (40.7 ) Tj ET Q q 0 0 0 rg BT 122.41 701.10 Td (million ) Tj ET Q q 0 0 0 rg BT 153.85 701.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.38 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.26 701.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 229.80 701.10 Td (common ) Tj ET Q q 0 0 0 rg BT 267.34 701.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 293.49 701.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 331.03 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.36 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 348.34 701.10 Td (net ) Tj ET Q q 0 0 0 rg BT 363.11 701.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 403.42 701.10 Td (from ) Tj ET Q q 0 0 0 rg BT 425.40 701.10 Td (these ) Tj ET Q q 0 0 0 rg BT 448.49 701.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 492.69 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 503.56 701.10 Td ($442.9 ) Tj ET Q q 0 0 0 rg BT 533.61 701.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.07 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.19 689.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 96.20 689.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 137.04 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.83 689.10 Td (During ) Tj ET Q q 0 0 0 rg BT 170.96 689.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 196.25 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.70 689.10 Td (purchased ) Tj ET Q q 0 0 0 rg BT 254.03 689.10 Td ($181.9 ) Tj ET Q q 0 0 0 rg BT 284.32 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 316.01 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.13 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.25 689.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 377.71 689.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 404.94 689.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 459.39 689.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 483.29 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.75 689.10 Td ($76.7 ) Tj ET Q q 0 0 0 rg BT 523.04 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.72 689.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 102.19 677.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 154.62 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.44 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.04 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 189.41 677.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 229.34 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.83 677.10 Td ($105.2 ) Tj ET Q q 0 0 0 rg BT 269.49 677.10 Td (million ) Tj ET Q q 0 0 0 rg BT 300.54 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.03 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 326.52 677.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 345.90 677.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 386.10 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.26 677.10 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 404.86 677.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 437.03 677.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 464.99 677.10 Td (ces ) Tj ET Q q 0 0 0 rg BT 479.92 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 497.08 677.10 Td (Liquidity ) Tj ET Q q 0 0 0 rg BT 535.35 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.51 677.10 Td (2016 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 71.44 665.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 114.48 665.10 Td (T) Tj ET Q q 0 0 0 rg BT 119.49 665.10 Td (ransactions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.66 665.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.82 665.10 Td (further ) Tj ET Q q 0 0 0 rg BT 212.53 665.10 Td (discussion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 90.21 641.10 Td (Divestitur) Tj ET Q q 0 0 0 rg BT 132.80 641.10 Td (e ) Tj ET Q q 0 0 0 rg BT 139.95 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.99 641.10 Td (Non-Cor) Tj ET Q q 0 0 0 rg BT 188.58 641.10 Td (e ) Tj ET Q q 0 0 0 rg BT 195.13 641.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.80 641.10 Td (. ) Tj ET Q q 0 0 0 rg BT 227.01 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 229.72 641.10 Td (On ) Tj ET Q q 0 0 0 rg BT 244.06 641.10 Td (August ) Tj ET Q q 0 0 0 rg BT 275.66 641.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 290.87 641.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 316.08 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.45 641.10 Td (completed ) Tj ET Q q 0 0 0 rg BT 374.82 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.74 641.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 408.00 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.04 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.78 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 442.81 641.10 Td (illiston ) Tj ET Q q 0 0 0 rg BT 472.71 641.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 501.54 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 515.91 641.10 Td ($58 ) Tj ET Q q 0 0 0 rg BT 533.62 641.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 81.53 629.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 113.58 629.10 Td (adjustments\). ) Tj ET Q q 0 0 0 rg BT 170.35 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 173.29 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 192.00 629.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 210.72 629.10 Td (had ) Tj ET Q q 0 0 0 rg BT 228.32 629.10 Td (an ) Tj ET Q q 0 0 0 rg BT 240.92 629.10 Td (ef) Tj ET Q q 0 0 0 rg BT 248.51 629.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 278.88 629.10 Td (date ) Tj ET Q q 0 0 0 rg BT 298.70 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.50 629.10 Td (April ) Tj ET Q q 0 0 0 rg BT 333.77 629.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 344.44 629.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 370.10 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.71 629.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 426.41 629.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 461.21 629.10 Td (after ) Tj ET Q q 0 0 0 rg BT 482.70 629.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 514.75 629.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (totaled ) Tj ET Q q 0 0 0 rg BT 79.06 617.10 Td ($53.6 ) Tj ET Q q 0 0 0 rg BT 103.91 617.10 Td (million. ) Tj ET Q q 0 0 0 rg BT 137.65 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.48 617.10 Td (Approximately ) Tj ET Q q 0 0 0 rg BT 202.37 617.10 Td ($9 ) Tj ET Q q 0 0 0 rg BT 214.71 617.10 Td (million ) Tj ET Q q 0 0 0 rg BT 245.95 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.63 617.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 294.51 617.10 Td (from ) Tj ET Q q 0 0 0 rg BT 316.30 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.87 617.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 348.76 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.27 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 368.31 617.10 Td (illiston ) Tj ET Q q 0 0 0 rg BT 397.92 617.10 Td (Assets ) Tj ET Q q 0 0 0 rg BT 426.38 617.10 Td (was ) Tj ET Q q 0 0 0 rg BT 444.28 617.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 463.84 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.19 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.75 617.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 531.97 617.10 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 61.20 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 69.57 605.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 109.04 605.10 Td (intermediary ) Tj ET Q q 0 0 0 rg BT 164.05 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.75 605.10 Td (facilitate ) Tj ET Q q 0 0 0 rg BT 214.66 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.02 605.10 Td (like-kind ) Tj ET Q q 0 0 0 rg BT 263.05 605.10 Td (exchange, ) Tj ET Q q 0 0 0 rg BT 307.23 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.59 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 341.73 605.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 381.74 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 398.44 605.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 437.34 605.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.59 605.10 Td (an ) Tj ET Q q 0 0 0 rg BT 462.96 605.10 Td (investing ) Tj ET Q q 0 0 0 rg BT 503.55 605.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 537.46 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 605.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 593.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 151.16 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 161.99 593.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 184.49 593.10 Td (Flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 98.58 569.10 Td (Field ) Tj ET Q q 0 0 0 rg BT 122.44 569.10 Td (Revised ) Tj ET Q q 0 0 0 rg BT 157.98 569.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 181.69 569.10 Td (V) Tj ET Q q 0 0 0 rg BT 188.00 569.10 Td (entur) Tj ET Q q 0 0 0 rg BT 211.15 569.10 Td (e. ) Tj ET Q q 0 0 0 rg BT 220.29 569.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.49 569.10 Td (On ) Tj ET Q q 0 0 0 rg BT 236.43 569.10 Td (August ) Tj ET Q q 0 0 0 rg BT 267.52 569.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 277.23 569.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 301.93 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.35 569.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 357.44 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.08 569.10 Td (its ) Tj ET Q q 0 0 0 rg BT 385.74 569.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 406.28 569.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 438.46 569.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 468.98 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.97 569.10 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 508.38 569.10 Td (Field, ) Tj ET Q q 0 0 0 rg BT 533.64 569.10 Td (located ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.53 557.10 Td (W) Tj ET Q q 0 0 0 rg BT 68.37 557.10 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 103.85 557.10 Td (reached ) Tj ET Q q 0 0 0 rg BT 137.37 557.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.23 557.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 193.30 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.51 557.10 Td (revise ) Tj ET Q q 0 0 0 rg BT 229.81 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.46 557.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 265.22 557.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 297.63 557.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 350.03 557.10 Td (between ) Tj ET Q q 0 0 0 rg BT 385.78 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.42 557.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 429.51 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 443.59 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.24 557.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 500.10 557.10 Td (development ) Tj ET Q q 0 0 0 rg BT 554.18 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (such ) Tj ET Q q 0 0 0 rg BT 69.74 545.10 Td (field. ) Tj ET Q q 0 0 0 rg BT 92.47 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 94.23 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 111.69 545.10 Td (revised ) Tj ET Q q 0 0 0 rg BT 142.47 545.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 186.02 545.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 222.36 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 235.93 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.16 545.10 Td (partner ) Tj ET Q q 0 0 0 rg BT 281.38 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 291.07 545.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 311.30 545.10 Td (up ) Tj ET Q q 0 0 0 rg BT 323.21 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.89 545.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 349.80 545.10 Td (million ) Tj ET Q q 0 0 0 rg BT 380.60 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.83 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.95 545.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 447.40 545.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 487.63 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 516.18 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.87 545.10 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.10 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.38 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.55 533.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 157.82 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.21 533.10 Td (fieldwork ) Tj ET Q q 0 0 0 rg BT 215.04 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 224.77 533.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 264.47 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 278.08 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.47 533.10 Td (14% ) Tj ET Q q 0 0 0 rg BT 304.75 533.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 332.25 533.10 Td (working ) Tj ET Q q 0 0 0 rg BT 367.53 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 398.91 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.30 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.69 533.10 Td (disproportionate ) Tj ET Q q 0 0 0 rg BT 489.19 533.10 Td (sharing ) Tj ET Q q 0 0 0 rg BT 520.57 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.85 533.10 Td (revenue ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.76 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 86.80 521.10 Td (first ) Tj ET Q q 0 0 0 rg BT 105.73 521.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 113.55 521.10 Td (million ) Tj ET Q q 0 0 0 rg BT 145.26 521.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 175.29 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.44 521.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 235.09 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.29 521.10 Td (As ) Tj ET Q q 0 0 0 rg BT 251.22 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.48 521.10 Td (result ) Tj ET Q q 0 0 0 rg BT 283.52 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.67 521.10 Td (this ) Tj ET Q q 0 0 0 rg BT 311.94 521.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 358.90 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.05 521.10 Td (working ) Tj ET Q q 0 0 0 rg BT 411.20 521.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 443.46 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 454.06 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.10 521.10 Td (field ) Tj ET Q q 0 0 0 rg BT 490.24 521.10 Td (was ) Tj ET Q q 0 0 0 rg BT 508.62 521.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 543.08 521.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (65% ) Tj ET Q q 0 0 0 rg BT 69.56 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.06 509.10 Td (51%. ) Tj ET Q q 0 0 0 rg BT 101.61 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.21 509.10 Td (This ) Tj ET Q q 0 0 0 rg BT 122.72 509.10 Td (arrangement ) Tj ET Q q 0 0 0 rg BT 174.41 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 191.69 509.10 Td (accelerate ) Tj ET Q q 0 0 0 rg BT 233.38 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.32 509.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 289.58 509.10 Td (development ) Tj ET Q q 0 0 0 rg BT 342.96 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.02 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.96 509.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 397.00 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.17 509.10 Td (fieldwork, ) Tj ET Q q 0 0 0 rg BT 456.27 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.43 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 485.82 509.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 523.64 509.10 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.11 497.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 99.48 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 145.31 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 157.81 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.52 497.10 Td (middle ) Tj ET Q q 0 0 0 rg BT 202.80 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.63 497.10 Td (2018.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (CAPIT) Tj ET Q q 0 0 0 rg BT 79.87 473.10 Td (AL) Tj ET Q q 0 0 0 rg BT 93.21 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.71 473.10 Td (RESOURCES ) Tj ET Q q 0 0 0 rg BT 158.79 473.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 182.95 473.10 Td (LIQUIDITY) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (Overview) Tj ET Q q 0 0 0 rg BT 108.04 449.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.54 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.62 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.70 449.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 135.33 449.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 170.06 449.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 203.13 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.54 449.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 244.27 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 449.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 298.76 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 314.04 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.45 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 351.30 449.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 376.60 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 399.12 449.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 443.85 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.37 449.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 509.43 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 449.10 Td (borrowing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 85.65 437.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.27 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.44 437.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 154.72 437.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 188.11 437.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 210.39 437.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 236.00 437.10 Td (facility) Tj ET Q q 0 0 0 rg BT 263.67 437.10 Td (. ) Tj ET Q q 0 0 0 rg BT 269.01 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 271.23 437.10 Td (As ) Tj ET Q q 0 0 0 rg BT 285.19 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 292.47 437.10 Td (result ) Tj ET Q q 0 0 0 rg BT 317.53 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.70 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.76 437.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 388.82 437.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 429.43 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.05 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 453.45 437.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 480.17 437.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 521.35 437.10 Td (above ) Tj ET Q q 0 0 0 rg BT 548.07 437.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (less ) Tj ET Q q 0 0 0 rg BT 67.21 425.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 124.35 425.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 150.94 425.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 192.27 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 208.31 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 228.79 425.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 249.83 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 271.99 425.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 316.35 425.10 Td (has ) Tj ET Q q 0 0 0 rg BT 332.40 425.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 385.10 425.10 Td (decreased, ) Tj ET Q q 0 0 0 rg BT 429.72 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 451.88 425.10 Td ($864.3 ) Tj ET Q q 0 0 0 rg BT 482.09 425.10 Td (million ) Tj ET Q q 0 0 0 rg BT 513.69 425.10 Td (during ) Tj ET Q q 0 0 0 rg BT 542.51 425.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.78 413.10 Td ($219.2 ) Tj ET Q q 0 0 0 rg BT 89.78 413.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.67 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.17 413.10 Td (during ) Tj ET Q q 0 0 0 rg BT 149.78 413.10 Td (2016. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.02 389.10 Td (preservation ) Tj ET Q q 0 0 0 rg BT 136.41 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.72 389.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 166.46 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.87 389.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 218.73 389.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 252.36 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.77 389.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 302.95 389.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 334.92 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.55 389.10 Td (us ) Tj ET Q q 0 0 0 rg BT 359.41 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 369.16 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.35 389.10 Td (current ) Tj ET Q q 0 0 0 rg BT 413.64 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 426.17 389.10 Td (price ) Tj ET Q q 0 0 0 rg BT 448.12 389.10 Td (environment. ) Tj ET Q q 0 0 0 rg BT 503.14 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.97 389.10 Td (W) Tj ET Q q 0 0 0 rg BT 513.60 389.10 Td (e ) Tj ET Q q 0 0 0 rg BT 520.01 389.10 Td (have ) Tj ET Q q 0 0 0 rg BT 540.86 389.10 Td (taken ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (steps ) Tj ET Q q 0 0 0 rg BT 71.65 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.58 377.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 106.50 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.98 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 144.13 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.06 377.10 Td (all ) Tj ET Q q 0 0 0 rg BT 166.21 377.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 208.89 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.37 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.85 377.10 Td (business, ) Tj ET Q q 0 0 0 rg BT 273.39 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.98 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 303.79 377.10 Td (have ) Tj ET Q q 0 0 0 rg BT 324.82 377.10 Td (made ) Tj ET Q q 0 0 0 rg BT 348.63 377.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 392.99 377.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 429.02 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 438.95 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 456.10 377.10 Td (regard. ) Tj ET Q q 0 0 0 rg BT 486.29 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 488.44 377.10 Td (Over ) Tj ET Q q 0 0 0 rg BT 510.58 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.95 377.10 Td (past ) Tj ET Q q 0 0 0 rg BT 543.21 377.10 Td (year) Tj ET Q q 0 0 0 rg BT 560.01 377.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.59 365.10 Td (have ) Tj ET Q q 0 0 0 rg BT 84.90 365.10 Td (also ) Tj ET Q q 0 0 0 rg BT 103.44 365.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 141.97 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.73 365.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 184.60 365.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 217.57 365.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 239.44 365.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 264.63 365.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 295.38 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.59 365.10 Td (relax ) Tj ET Q q 0 0 0 rg BT 328.01 365.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 357.64 365.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 395.06 365.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 448.01 365.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 490.43 365.10 Td (through ) Tj ET Q q 0 0 0 rg BT 523.97 365.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 546.40 365.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 77.95 353.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 100.34 353.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 112.12 353.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 135.00 353.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 145.20 353.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 162.53 353.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.63 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 195.96 353.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 228.57 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 230.39 353.10 Td (As ) Tj ET Q q 0 0 0 rg BT 243.84 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.51 353.10 Td (December ) Tj ET Q q 0 0 0 rg BT 297.93 353.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 312.77 353.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 337.61 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.61 353.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.38 353.10 Td ($301.0 ) Tj ET Q q 0 0 0 rg BT 398.22 353.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.11 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.45 353.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 456.78 353.10 Td (on ) Tj ET Q q 0 0 0 rg BT 469.12 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 484.79 353.10 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 509.62 353.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 538.07 353.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 81.90 341.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 103.20 341.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 127.82 341.10 Td (facility) Tj ET Q q 0 0 0 rg BT 155.50 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.86 341.10 Td (leaving ) Tj ET Q q 0 0 0 rg BT 191.15 341.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.91 341.10 Td ($673.7 ) Tj ET Q q 0 0 0 rg BT 231.27 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.16 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.02 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.21 341.10 Td (current ) Tj ET Q q 0 0 0 rg BT 302.39 341.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 338.14 341.10 Td (after ) Tj ET Q q 0 0 0 rg BT 358.32 341.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 414.06 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.25 341.10 Td ($75.3 ) Tj ET Q q 0 0 0 rg BT 448.61 341.10 Td (million ) Tj ET Q q 0 0 0 rg BT 479.36 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.55 341.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 538.08 341.10 Td (letters ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.87 329.10 Td (credit. ) Tj ET Q q 0 0 0 rg BT 87.18 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.08 329.10 Td (This ) Tj ET Q q 0 0 0 rg BT 108.90 329.10 Td (liquidity) Tj ET Q q 0 0 0 rg BT 142.14 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 146.68 329.10 Td (coupled ) Tj ET Q q 0 0 0 rg BT 180.38 329.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.20 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 215.58 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 238.17 329.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 256.32 329.10 Td (saving ) Tj ET Q q 0 0 0 rg BT 284.47 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.95 329.10 Td (liquidity ) Tj ET Q q 0 0 0 rg BT 336.89 329.10 Td (preservation ) Tj ET Q q 0 0 0 rg BT 388.36 329.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 427.61 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.09 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.35 329.10 Td (improvement ) Tj ET Q q 0 0 0 rg BT 513.71 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 523.53 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 536.13 329.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (should ) Tj ET Q q 0 0 0 rg BT 78.67 317.10 Td (be ) Tj ET Q q 0 0 0 rg BT 90.61 317.10 Td (suf) Tj ET Q q 0 0 0 rg BT 102.65 317.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 130.69 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.97 317.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 165.68 317.10 Td (any ) Tj ET Q q 0 0 0 rg BT 182.62 317.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 230.64 317.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 250.91 317.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 271.74 317.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 307.56 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 324.50 317.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 345.33 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 361.16 317.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 390.31 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.25 317.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 447.51 317.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 467.78 317.10 Td (outflows.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.72 293.10 Td (order ) Tj ET Q q 0 0 0 rg BT 102.71 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.39 293.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.83 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.16 293.10 Td (level ) Tj ET Q q 0 0 0 rg BT 176.48 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.71 293.10 Td (price ) Tj ET Q q 0 0 0 rg BT 210.59 293.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 254.02 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.69 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.02 293.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 303.80 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.03 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.25 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.70 293.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 393.42 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 407.97 293.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.74 293.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 462.06 293.10 Td (into ) Tj ET Q q 0 0 0 rg BT 480.51 293.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.84 293.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 540.72 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 551.95 293.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 79.99 281.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 112.70 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.69 281.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 174.21 281.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 204.42 281.10 Td (through ) Tj ET Q q 0 0 0 rg BT 239.08 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.84 281.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 282.83 281.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 314.70 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.58 281.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 350.13 281.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 369.77 281.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 402.21 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 413.54 281.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 462.09 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.64 281.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 520.30 281.10 Td (Derivative ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.80 269.10 Td (below\). ) Tj ET Q q 0 0 0 rg BT 122.93 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.65 269.10 Td (While ) Tj ET Q q 0 0 0 rg BT 150.93 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.23 269.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 187.97 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.15 269.10 Td (these ) Tj ET Q q 0 0 0 rg BT 220.55 269.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 266.28 269.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 297.56 269.10 Td (into ) Tj ET Q q 0 0 0 rg BT 314.97 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.60 269.10 Td (early ) Tj ET Q q 0 0 0 rg BT 346.44 269.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 368.30 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.36 269.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 428.08 269.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 454.37 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 463.44 269.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 489.18 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 506.03 269.10 Td (do ) Tj ET Q q 0 0 0 rg BT 517.88 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 532.51 269.10 Td (support ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.42 257.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 116.79 257.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 142.39 257.10 Td (which ) Tj ET Q q 0 0 0 rg BT 169.09 257.10 Td (would ) Tj ET Q q 0 0 0 rg BT 196.36 257.10 Td (grow ) Tj ET Q q 0 0 0 rg BT 219.18 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.78 257.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 282.87 257.10 Td (they ) Tj ET Q q 0 0 0 rg BT 302.36 257.10 Td (do ) Tj ET Q q 0 0 0 rg BT 314.63 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 324.11 257.10 Td (least ) Tj ET Q q 0 0 0 rg BT 344.71 257.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 369.18 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.78 257.10 Td (most ) Tj ET Q q 0 0 0 rg BT 406.49 257.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 433.19 257.10 Td (total ) Tj ET Q q 0 0 0 rg BT 453.23 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.26 257.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 513.30 257.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 538.06 257.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (were ) Tj ET Q q 0 0 0 rg BT 70.58 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 80.02 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 86.11 245.10 Td (per) Tj ET Q q 0 0 0 rg BT 98.68 245.10 Td (-barrel ) Tj ET Q q 0 0 0 rg BT 126.98 245.10 Td (range ) Tj ET Q q 0 0 0 rg BT 150.84 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 160.27 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.14 245.10 Td (mid-$30) Tj ET Q q 0 0 0 rg BT 210.81 245.10 Td (s ) Tj ET Q q 0 0 0 rg BT 216.35 245.10 Td (during ) Tj ET Q q 0 0 0 rg BT 244.12 245.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 265.77 245.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 308.53 245.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 347.94 245.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 386.24 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.33 245.10 Td (interest\), ) Tj ET Q q 0 0 0 rg BT 439.25 245.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 470.89 245.10 Td (minimizing ) Tj ET Q q 0 0 0 rg BT 518.65 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.52 245.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (needed ) Tj ET Q q 0 0 0 rg BT 80.32 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.59 233.10 Td (be ) Tj ET Q q 0 0 0 rg BT 102.53 233.10 Td (drawn ) Tj ET Q q 0 0 0 rg BT 130.02 233.10 Td (under ) Tj ET Q q 0 0 0 rg BT 155.29 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 171.12 233.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 198.06 233.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 231.10 233.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 253.04 233.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 278.30 233.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 309.12 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.28 233.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 369.09 233.10 Td (operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 92.46 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 106.87 209.10 Td (do ) Tj ET Q q 0 0 0 rg BT 119.62 209.10 Td (not ) Tj ET Q q 0 0 0 rg BT 135.14 209.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 163.98 209.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 177.29 209.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 203.91 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 214.43 209.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 247.16 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 257.68 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.64 209.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 320.91 209.10 Td (future ) Tj ET Q q 0 0 0 rg BT 347.54 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.06 209.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 385.23 209.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 425.19 209.10 Td (highs ) Tj ET Q q 0 0 0 rg BT 449.61 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.68 209.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 485.93 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 500.34 209.10 Td (must ) Tj ET Q q 0 0 0 rg BT 522.53 209.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 549.17 209.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (business ) Tj ET Q q 0 0 0 rg BT 85.39 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.16 197.10 Td (compete ) Tj ET Q q 0 0 0 rg BT 131.03 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.80 197.10 Td (an ) Tj ET Q q 0 0 0 rg BT 152.23 197.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 164.78 197.10 Td (price ) Tj ET Q q 0 0 0 rg BT 186.76 197.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 239.30 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 256.29 197.10 Td (is ) Tj ET Q q 0 0 0 rg BT 264.95 197.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 289.72 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.50 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 314.82 197.10 Td (robust ) Tj ET Q q 0 0 0 rg BT 341.81 197.10 Td (as ) Tj ET Q q 0 0 0 rg BT 352.14 197.10 Td (it ) Tj ET Q q 0 0 0 rg BT 359.69 197.10 Td (was ) Tj ET Q q 0 0 0 rg BT 377.24 197.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.67 197.10 Td (few ) Tj ET Q q 0 0 0 rg BT 400.65 197.10 Td (years ) Tj ET Q q 0 0 0 rg BT 423.75 197.10 Td (ago, ) Tj ET Q q 0 0 0 rg BT 442.68 197.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 481.33 197.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 524.98 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.75 197.10 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.65 185.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 95.90 185.10 Td (over ) Tj ET Q q 0 0 0 rg BT 116.60 185.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 139.80 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.52 185.10 Td (W) Tj ET Q q 0 0 0 rg BT 151.15 185.10 Td (e ) Tj ET Q q 0 0 0 rg BT 158.52 185.10 Td (made ) Tj ET Q q 0 0 0 rg BT 183.10 185.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 228.25 185.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 265.06 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 275.76 185.10 Td (this ) Tj ET Q q 0 0 0 rg BT 293.14 185.10 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 332.71 185.10 Td (during ) Tj ET Q q 0 0 0 rg BT 361.75 185.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 384.68 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 405.39 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.75 185.10 Td (net ) Tj ET Q q 0 0 0 rg BT 427.90 185.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 468.59 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.30 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 495.56 185.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 515.70 185.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 554.17 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td ($530.4 ) Tj ET Q q 0 0 0 rg BT 78.80 173.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.69 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.49 173.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 127.38 173.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 148.62 173.10 Td (4, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 157.91 173.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 186.45 173.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 203.80 173.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.24 173.10 Td (, ) Tj ET Q q 0 0 0 rg BT 227.53 173.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.11 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.12 173.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 305.69 173.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 344.70 173.10 Td (Statements\). ) Tj ET Q q 0 0 0 rg BT 396.21 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.01 173.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 415.35 173.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 468.81 173.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 487.82 173.10 Td (is ) Tj ET Q q 0 0 0 rg BT 496.29 173.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 534.18 173.10 Td (trading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 101.87 161.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 129.79 161.10 Td (than ) Tj ET Q q 0 0 0 rg BT 149.38 161.10 Td (it ) Tj ET Q q 0 0 0 rg BT 157.31 161.10 Td (was ) Tj ET Q q 0 0 0 rg BT 175.24 161.10 Td (during ) Tj ET Q q 0 0 0 rg BT 203.72 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.32 161.10 Td (first ) Tj ET Q q 0 0 0 rg BT 236.80 161.10 Td (half ) Tj ET Q q 0 0 0 rg BT 254.72 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.43 161.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 290.30 161.10 Td (making ) Tj ET Q q 0 0 0 rg BT 322.67 161.10 Td (it ) Tj ET Q q 0 0 0 rg BT 330.61 161.10 Td (more ) Tj ET Q q 0 0 0 rg BT 353.53 161.10 Td (dif) Tj ET Q q 0 0 0 rg BT 364.46 161.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 387.94 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.09 161.10 Td (make ) Tj ET Q q 0 0 0 rg BT 422.12 161.10 Td (accretive ) Tj ET Q q 0 0 0 rg BT 460.57 161.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 504.60 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 515.30 161.10 Td (repurchases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.37 149.10 Td (this ) Tj ET Q q 0 0 0 rg BT 77.36 149.10 Td (debt. ) Tj ET Q q 0 0 0 rg BT 99.62 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.98 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 110.62 149.10 Td (e ) Tj ET Q q 0 0 0 rg BT 117.60 149.10 Td (would ) Tj ET Q q 0 0 0 rg BT 145.15 149.10 Td (like ) Tj ET Q q 0 0 0 rg BT 162.68 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 173.00 149.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 202.19 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.07 149.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 237.83 149.10 Td (further ) Tj ET Q q 0 0 0 rg BT 267.58 149.10 Td (if ) Tj ET Q q 0 0 0 rg BT 276.23 149.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 314.05 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.03 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.23 149.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 364.99 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.31 149.10 Td (monitor ) Tj ET Q q 0 0 0 rg BT 409.52 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.28 149.10 Td (market ) Tj ET Q q 0 0 0 rg BT 454.59 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.57 149.10 Td (be ) Tj ET Q q 0 0 0 rg BT 483.55 149.10 Td (opportunistic ) Tj ET Q q 0 0 0 rg BT 538.87 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.19 149.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 68.92 137.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 118.89 137.10 Td (based ) Tj ET Q q 0 0 0 rg BT 143.86 137.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 166.06 137.10 Td (market ) Tj ET Q q 0 0 0 rg BT 196.03 137.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 242.40 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.44 137.10 Td (These ) Tj ET Q q 0 0 0 rg BT 270.52 137.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 307.72 137.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 357.69 137.10 Td (could ) Tj ET Q q 0 0 0 rg BT 382.11 137.10 Td (include ) Tj ET Q q 0 0 0 rg BT 413.74 137.10 Td (purchases ) Tj ET Q q 0 0 0 rg BT 455.38 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.91 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.44 137.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 535.30 137.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 554.72 137.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.55 125.10 Td (open ) Tj ET Q q 0 0 0 rg BT 86.81 125.10 Td (market, ) Tj ET Q q 0 0 0 rg BT 119.90 125.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 140.50 125.10 Td (tenders ) Tj ET Q q 0 0 0 rg BT 172.21 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.70 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.85 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 222.90 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 234.06 125.10 Td (public ) Tj ET Q q 0 0 0 rg BT 261.88 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 273.04 125.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 311.41 125.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 355.89 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 375.94 125.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 422.91 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.18 125.10 Td (future ) Tj ET Q q 0 0 0 rg BT 466.88 125.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 504.70 125.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 524.75 125.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.71 113.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 107.68 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.45 113.10 Td (issuances ) Tj ET Q q 0 0 0 rg BT 158.65 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.41 113.10 Td (equity) Tj ET Q q 0 0 0 rg BT 193.76 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 198.69 113.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 220.57 113.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 242.44 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.31 113.10 Td (other ) Tj ET Q q 0 0 0 rg BT 282.29 113.10 Td (cash-generating ) Tj ET Q q 0 0 0 rg BT 348.03 113.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 389.06 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.32 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 399.96 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 406.83 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 426.48 113.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 453.90 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 460.78 113.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 492.10 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.86 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.51 113.10 Td (availability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.62 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 90.31 101.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 117.10 101.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 149.99 101.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 171.78 101.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 196.90 101.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 227.57 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.58 101.10 Td (such ) Tj ET Q q 0 0 0 rg BT 262.27 101.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 311.82 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.61 101.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.18 101.10 Td (also ) Tj ET Q q 0 0 0 rg BT 366.64 101.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 402.87 101.10 Td (other ) Tj ET Q q 0 0 0 rg BT 425.77 101.10 Td (forms ) Tj ET Q q 0 0 0 rg BT 451.46 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.14 101.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 491.15 101.10 Td (such ) Tj ET Q q 0 0 0 rg BT 511.83 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 522.51 101.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (second ) Tj ET Q q 0 0 0 rg BT 79.77 89.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 97.26 89.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 120.87 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 131.70 89.10 Td (other ) Tj ET Q q 0 0 0 rg BT 154.75 89.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 181.69 89.10 Td (notes.) Tj ET Q endstream endobj 81 0 obj <> endobj 82 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (40) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 713.25 Td (Senior) Tj ET Q q 0 0 0 rg BT 95.10 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.13 713.25 Td (Secur) Tj ET Q q 0 0 0 rg BT 121.39 713.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 133.42 713.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 158.24 713.25 Td (Cr) Tj ET Q q 0 0 0 rg BT 169.72 713.25 Td (edit ) Tj ET Q q 0 0 0 rg BT 187.86 713.25 Td (Facility) Tj ET Q q 0 0 0 rg BT 219.52 713.25 Td (. ) Tj ET Q q 0 0 0 rg BT 224.05 713.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.08 713.25 Td (In) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 234.41 713.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.45 713.25 Td (December ) Tj ET Q q 0 0 0 rg BT 279.56 713.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 304.09 713.25 Td (we ) Tj ET Q q 0 0 0 rg BT 317.78 713.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 349.24 713.25 Td (into ) Tj ET Q q 0 0 0 rg BT 366.83 713.25 Td (an ) Tj ET Q q 0 0 0 rg BT 377.85 713.25 Td (Amended ) Tj ET Q q 0 0 0 rg BT 418.76 713.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.23 713.25 Td (Restated ) Tj ET Q q 0 0 0 rg BT 471.69 713.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 498.27 713.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 544.72 713.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.25 Td (JPMor) Tj ET Q q 0 0 0 rg BT 75.99 701.25 Td (gan ) Tj ET Q q 0 0 0 rg BT 92.62 701.25 Td (Chase ) Tj ET Q q 0 0 0 rg BT 119.25 701.25 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 145.04 701.25 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 169.17 701.25 Td (as ) Tj ET Q q 0 0 0 rg BT 179.69 701.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 239.08 701.25 Td (agent, ) Tj ET Q q 0 0 0 rg BT 265.43 701.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.05 701.25 Td (other ) Tj ET Q q 0 0 0 rg BT 304.79 701.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 335.85 701.25 Td (party ) Tj ET Q q 0 0 0 rg BT 358.59 701.25 Td (thereto ) Tj ET Q q 0 0 0 rg BT 388.54 701.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 406.27 701.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 434.01 701.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 460.71 701.25 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 517.59 701.25 Td ( ) Tj ET Q q 0 0 0 rg BT 519.77 701.25 Td (In ) Tj ET Q q 0 0 0 rg BT 530.29 701.25 Td (October ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 74.09 689.25 Td (as ) Tj ET Q q 0 0 0 rg BT 84.51 689.25 Td (part ) Tj ET Q q 0 0 0 rg BT 102.14 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.56 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 127.98 689.25 Td (semiannual ) Tj ET Q q 0 0 0 rg BT 175.61 689.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 219.36 689.25 Td (base ) Tj ET Q q 0 0 0 rg BT 239.22 689.25 Td (redetermination, ) Tj ET Q q 0 0 0 rg BT 307.11 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 321.42 689.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 365.17 689.25 Td (base ) Tj ET Q q 0 0 0 rg BT 385.03 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 401.55 689.25 Td (lender ) Tj ET Q q 0 0 0 rg BT 428.63 689.25 Td (commitments ) Tj ET Q q 0 0 0 rg BT 485.15 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 498.90 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 514.32 689.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.52 689.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 97.58 677.25 Td (were ) Tj ET Q q 0 0 0 rg BT 120.67 677.25 Td (reaf) Tj ET Q q 0 0 0 rg BT 136.02 677.25 Td (firmed ) Tj ET Q q 0 0 0 rg BT 166.34 677.25 Td (at ) Tj ET Q q 0 0 0 rg BT 177.21 677.25 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 203.37 677.25 Td (billion, ) Tj ET Q q 0 0 0 rg BT 235.64 677.25 Td (with ) Tj ET Q q 0 0 0 rg BT 257.07 677.25 Td (our ) Tj ET Q q 0 0 0 rg BT 274.06 677.25 Td (next ) Tj ET Q q 0 0 0 rg BT 294.93 677.25 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 340.25 677.25 Td (base ) Tj ET Q q 0 0 0 rg BT 361.68 677.25 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 428.64 677.25 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 472.28 677.25 Td (for ) Tj ET Q q 0 0 0 rg BT 487.60 677.25 Td (May ) Tj ET Q q 0 0 0 rg BT 509.59 677.25 Td (2017.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 532.09 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 535.75 677.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.40 677.25 Td (As ) Tj ET Q q 0 0 0 rg BT 554.17 677.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (December ) Tj ET Q q 0 0 0 rg BT 94.18 665.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 110.28 665.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 136.38 665.25 Td (we ) Tj ET Q q 0 0 0 rg BT 151.64 665.25 Td (had ) Tj ET Q q 0 0 0 rg BT 169.68 665.25 Td ($301.0 ) Tj ET Q q 0 0 0 rg BT 200.78 665.25 Td (million ) Tj ET Q q 0 0 0 rg BT 233.27 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.21 665.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 266.02 665.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 316.29 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 334.33 665.25 Td ($75.3 ) Tj ET Q q 0 0 0 rg BT 360.43 665.25 Td (million ) Tj ET Q q 0 0 0 rg BT 392.92 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 404.30 665.25 Td (letters ) Tj ET Q q 0 0 0 rg BT 432.33 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.26 665.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 470.62 665.25 Td (under ) Tj ET Q q 0 0 0 rg BT 496.99 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.81 665.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.52 665.25 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 98.49 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 100.55 653.25 Td (In ) Tj ET Q q 0 0 0 rg BT 110.94 653.25 Td (order ) Tj ET Q q 0 0 0 rg BT 134.10 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.94 653.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 176.55 653.25 Td (more ) Tj ET Q q 0 0 0 rg BT 199.16 653.25 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 240.66 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 250.50 653.25 Td (managing ) Tj ET Q q 0 0 0 rg BT 292.00 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 307.39 653.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 339.98 653.25 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 365.09 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.37 653.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 404.19 653.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 442.35 653.25 Td (by ) Tj ET Q q 0 0 0 rg BT 454.41 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 469.80 653.25 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 503.24 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.74 653.25 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 97.51 641.25 Td (with ) Tj ET Q q 0 0 0 rg BT 117.21 641.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 154.11 641.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 206.55 641.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 248.46 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.16 641.25 Td (this ) Tj ET Q q 0 0 0 rg BT 274.52 641.25 Td (low ) Tj ET Q q 0 0 0 rg BT 291.45 641.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.92 641.25 Td (price ) Tj ET Q q 0 0 0 rg BT 325.83 641.25 Td (environment, ) Tj ET Q q 0 0 0 rg BT 380.79 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 394.37 641.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 425.72 641.25 Td (into ) Tj ET Q q 0 0 0 rg BT 443.19 641.25 Td (three ) Tj ET Q q 0 0 0 rg BT 465.10 641.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 517.56 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 527.26 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.40 641.25 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 76.44 629.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 123.37 629.25 Td (between ) Tj ET Q q 0 0 0 rg BT 159.18 629.25 Td (May ) Tj ET Q q 0 0 0 rg BT 180.01 629.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 202.51 629.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.90 629.25 Td (April ) Tj ET Q q 0 0 0 rg BT 242.51 629.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 265.01 629.25 Td (making ) Tj ET Q q 0 0 0 rg BT 297.50 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.22 629.25 Td (following ) Tj ET Q q 0 0 0 rg BT 353.61 629.25 Td (modifications ) Tj ET Q q 0 0 0 rg BT 411.10 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 421.38 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 436.09 629.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 459.70 629.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 486.64 629.25 Td (Agreement:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 605.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.25 Td (for ) Tj ET Q q 0 0 0 rg BT 99.46 605.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 121.76 605.25 Td (and ) Tj ET Q q 0 0 0 rg BT 138.50 605.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 163.29 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.81 605.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 220.66 605.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 261.28 605.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 281.90 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.53 605.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.37 605.25 Td (total ) Tj ET Q q 0 0 0 rg BT 365.45 605.25 Td (net ) Tj ET Q q 0 0 0 rg BT 379.96 605.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 399.48 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 409.55 605.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 462.39 605.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 508.58 605.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 546.97 605.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 129.97 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.22 593.25 Td (replaced ) Tj ET Q q 0 0 0 rg BT 183.89 593.25 Td (by ) Tj ET Q q 0 0 0 rg BT 196.70 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.94 593.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 247.31 593.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 288.44 593.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 309.57 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.71 593.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 374.06 593.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 401.31 593.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 434.65 593.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 454.68 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.27 593.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 518.62 593.25 Td (EBITDAX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 124.43 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.60 581.25 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 150.94 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 161.56 581.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 176.90 581.25 Td (\(only ) Tj ET Q q 0 0 0 rg BT 200.85 581.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 220.90 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 246.51 581.25 Td (our ) Tj ET Q q 0 0 0 rg BT 262.68 581.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 286.63 581.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 313.84 581.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 361.10 581.25 Td (is ) Tj ET Q q 0 0 0 rg BT 370.61 581.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 416.76 581.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 470.14 581.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 497.42 581.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 530.80 581.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 550.85 581.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 123.55 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.38 569.25 Td (this ) Tj ET Q q 0 0 0 rg BT 151.33 569.25 Td (ratio\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.25 Td (for ) Tj ET Q q 0 0 0 rg BT 100.78 557.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 124.40 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.46 557.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 168.59 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 176.65 557.25 Td (new ) Tj ET Q q 0 0 0 rg BT 196.93 557.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 236.65 557.25 Td (was ) Tj ET Q q 0 0 0 rg BT 255.82 557.25 Td (added ) Tj ET Q q 0 0 0 rg BT 283.32 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 294.72 557.25 Td (require ) Tj ET Q q 0 0 0 rg BT 326.66 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 334.72 557.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 377.23 557.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 419.17 557.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.12 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.07 557.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 507.24 557.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 554.74 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 565.02 557.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 138.54 545.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.48 545.25 Td (char) Tj ET Q q 0 0 0 rg BT 187.50 545.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 203.33 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.16 545.25 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 234.16 545.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.44 545.25 Td (1.0;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.25 Td (allowing ) Tj ET Q q 0 0 0 rg BT 123.68 533.25 Td (for ) Tj ET Q q 0 0 0 rg BT 138.53 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.94 533.25 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 199.32 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.84 533.25 Td (up ) Tj ET Q q 0 0 0 rg BT 224.03 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 234.99 533.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 255.68 533.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 284.98 533.25 Td (of ) Tj ET Q q 0 0 0 rg BT 296.50 533.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 323.58 533.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 341.76 533.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 362.17 533.25 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 397.01 533.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.98 533.25 Td (customary ) Tj ET Q q 0 0 0 rg BT 452.82 533.25 Td (requirements\), ) Tj ET Q q 0 0 0 rg BT 514.04 533.25 Td (with ) Tj ET Q q 0 0 0 rg BT 535.01 533.25 Td ($385.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.25 Td (million ) Tj ET Q q 0 0 0 rg BT 116.89 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.72 521.25 Td (future ) Tj ET Q q 0 0 0 rg BT 154.10 521.25 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 198.79 521.25 Td (available ) Tj ET Q q 0 0 0 rg BT 237.38 521.25 Td (as ) Tj ET Q q 0 0 0 rg BT 248.21 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 259.04 521.25 Td (December ) Tj ET Q q 0 0 0 rg BT 302.62 521.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 317.62 521.25 Td (2016;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.25 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.55 509.25 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 169.13 509.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 189.27 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 206.09 509.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.24 509.25 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 274.16 509.25 Td (to ) Tj ET Q q 0 0 0 rg BT 284.31 509.25 Td ($225 ) Tj ET Q q 0 0 0 rg BT 306.69 509.25 Td (million ) Tj ET Q q 0 0 0 rg BT 337.96 509.25 Td (if ) Tj ET Q q 0 0 0 rg BT 346.45 509.25 Td (more ) Tj ET Q q 0 0 0 rg BT 369.37 509.25 Td (than ) Tj ET Q q 0 0 0 rg BT 388.97 509.25 Td ($250 ) Tj ET Q q 0 0 0 rg BT 411.34 509.25 Td (million ) Tj ET Q q 0 0 0 rg BT 442.61 509.25 Td (of ) Tj ET Q q 0 0 0 rg BT 453.32 509.25 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 501.25 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 515.84 509.25 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.25 Td (under ) Tj ET Q q 0 0 0 rg BT 110.77 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.49 497.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 149.09 497.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 176.04 497.25 Td (Agreement; ) Tj ET Q q 0 0 0 rg BT 225.74 497.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 485.25 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.43 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 485.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 166.16 485.25 Td (spent ) Tj ET Q q 0 0 0 rg BT 189.53 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 201.79 485.25 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 251.25 485.25 Td (or ) Tj ET Q q 0 0 0 rg BT 261.84 485.25 Td (other ) Tj ET Q q 0 0 0 rg BT 284.65 485.25 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 336.34 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 346.94 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 362.53 485.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 389.23 485.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 443.14 485.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 466.51 485.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.55 485.25 Td ($225 ) Tj ET Q q 0 0 0 rg BT 498.81 485.25 Td (million, ) Tj ET Q q 0 0 0 rg BT 532.46 485.25 Td (with ) Tj ET Q q 0 0 0 rg BT 552.50 485.25 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.78 473.25 Td ($148.3 ) Tj ET Q q 0 0 0 rg BT 125.78 473.25 Td (million ) Tj ET Q q 0 0 0 rg BT 157.17 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 168.00 473.25 Td (this ) Tj ET Q q 0 0 0 rg BT 184.95 473.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 220.76 473.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 263.80 473.25 Td (available ) Tj ET Q q 0 0 0 rg BT 302.39 473.25 Td (as ) Tj ET Q q 0 0 0 rg BT 313.22 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 324.05 473.25 Td (December ) Tj ET Q q 0 0 0 rg BT 367.63 473.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 382.63 473.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.25 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.40 449.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.02 449.25 Td (we ) Tj ET Q q 0 0 0 rg BT 135.80 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 150.13 449.25 Td (required ) Tj ET Q q 0 0 0 rg BT 185.56 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 195.46 449.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 232.57 449.25 Td (a ) Tj ET Q q 0 0 0 rg BT 239.13 449.25 Td (current ) Tj ET Q q 0 0 0 rg BT 269.56 449.25 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 292.50 449.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.95 449.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 350.05 449.25 Td (under ) Tj ET Q q 0 0 0 rg BT 374.94 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 389.28 449.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 412.50 449.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 439.15 449.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 488.19 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.64 449.25 Td (not ) Tj ET Q q 0 0 0 rg BT 513.54 449.25 Td (less ) Tj ET Q q 0 0 0 rg BT 530.66 449.25 Td (than ) Tj ET Q q 0 0 0 rg BT 550.00 449.25 Td (1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 437.25 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 413.25 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 112.23 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 123.07 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.34 413.25 Td (first ) Tj ET Q q 0 0 0 rg BT 157.51 413.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 188.89 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.28 413.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 225.84 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.12 413.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 262.51 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 273.90 413.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 327.50 413.25 Td (total ) Tj ET Q q 0 0 0 rg BT 348.34 413.25 Td (net ) Tj ET Q q 0 0 0 rg BT 363.62 413.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 383.90 413.25 Td (to ) Tj ET Q q 0 0 0 rg BT 394.74 413.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.34 413.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 495.28 413.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 534.44 413.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 413.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (reinstated, ) Tj ET Q q 0 0 0 rg BT 93.83 401.25 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 130.12 401.25 Td (an ) Tj ET Q q 0 0 0 rg BT 142.51 401.25 Td (annualized ) Tj ET Q q 0 0 0 rg BT 188.78 401.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 235.62 401.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.58 401.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.19 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.37 401.25 Td (first, ) Tj ET Q q 0 0 0 rg BT 319.94 401.25 Td (second, ) Tj ET Q q 0 0 0 rg BT 353.16 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.56 401.25 Td (third ) Tj ET Q q 0 0 0 rg BT 392.40 401.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 427.57 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 438.86 401.25 Td (2018 ) Tj ET Q q 0 0 0 rg BT 461.81 401.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.21 401.25 Td (building ) Tj ET Q q 0 0 0 rg BT 515.50 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 526.24 401.25 Td (a ) Tj ET Q q 0 0 0 rg BT 533.64 401.25 Td (trailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (four ) Tj ET Q q 0 0 0 rg BT 68.51 389.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 103.06 389.25 Td (by ) Tj ET Q q 0 0 0 rg BT 115.41 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.97 389.25 Td (end ) Tj ET Q q 0 0 0 rg BT 146.75 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.43 389.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 182.28 389.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.40 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.96 389.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 259.86 389.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 300.53 389.25 Td (ratios ) Tj ET Q q 0 0 0 rg BT 325.09 389.25 Td (being ) Tj ET Q q 0 0 0 rg BT 349.65 389.25 Td (6.0 ) Tj ET Q q 0 0 0 rg BT 364.50 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 374.62 389.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 389.47 389.25 Td (for ) Tj ET Q q 0 0 0 rg BT 403.48 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.04 389.25 Td (first ) Tj ET Q q 0 0 0 rg BT 436.49 389.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 467.16 389.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 496.72 389.25 Td (March ) Tj ET Q q 0 0 0 rg BT 525.16 389.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.01 389.25 Td (2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (5.5 ) Tj ET Q q 0 0 0 rg BT 64.68 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 75.13 377.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 90.31 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 104.65 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.54 377.25 Td (second ) Tj ET Q q 0 0 0 rg BT 149.99 377.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 180.98 377.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 210.87 377.25 Td (June ) Tj ET Q q 0 0 0 rg BT 231.88 377.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 247.06 377.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 272.24 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.35 377.25 Td (5.0 ) Tj ET Q q 0 0 0 rg BT 304.53 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 314.98 377.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 330.16 377.25 Td (for ) Tj ET Q q 0 0 0 rg BT 344.50 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.39 377.25 Td (third ) Tj ET Q q 0 0 0 rg BT 380.96 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 398.07 377.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 425.19 377.25 Td (quarters ) Tj ET Q q 0 0 0 rg BT 460.07 377.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 489.97 377.25 Td (September ) Tj ET Q q 0 0 0 rg BT 535.41 377.25 Td (30 ) Tj ET Q q 0 0 0 rg BT 548.08 377.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (December ) Tj ET Q q 0 0 0 rg BT 93.08 365.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 108.08 365.25 Td (2018, ) Tj ET Q q 0 0 0 rg BT 133.08 365.25 Td (and ) Tj ET Q q 0 0 0 rg BT 150.02 365.25 Td (returning ) Tj ET Q q 0 0 0 rg BT 189.18 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 199.46 365.25 Td (4.25 ) Tj ET Q q 0 0 0 rg BT 219.46 365.25 Td (to ) Tj ET Q q 0 0 0 rg BT 229.73 365.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 244.73 365.25 Td (for ) Tj ET Q q 0 0 0 rg BT 258.89 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.61 365.25 Td (first ) Tj ET Q q 0 0 0 rg BT 292.22 365.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 323.04 365.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 352.75 365.25 Td (March ) Tj ET Q q 0 0 0 rg BT 381.35 365.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 396.35 365.25 Td (2019.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.95 341.25 Td (these ) Tj ET Q q 0 0 0 rg BT 117.96 341.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 155.40 341.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 208.38 341.25 Td (covenant ) Tj ET Q q 0 0 0 rg BT 246.93 341.25 Td (calculations, ) Tj ET Q q 0 0 0 rg BT 299.65 341.25 Td (as ) Tj ET Q q 0 0 0 rg BT 310.44 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.23 341.25 Td (December ) Tj ET Q q 0 0 0 rg BT 364.78 341.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 379.74 341.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 404.70 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 420.49 341.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.27 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 452.06 341.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 505.06 341.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 531.96 341.25 Td (secured ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.34 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 79.74 329.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 132.90 329.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 179.41 329.25 Td (was ) Tj ET Q q 0 0 0 rg BT 197.58 329.25 Td (0.72 ) Tj ET Q q 0 0 0 rg BT 217.70 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 228.10 329.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 243.23 329.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 271.95 329.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 294.57 329.25 Td (a ) Tj ET Q q 0 0 0 rg BT 301.63 329.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 344.80 329.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 385.75 329.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 406.69 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.64 329.25 Td (3.0 ) Tj ET Q q 0 0 0 rg BT 432.77 329.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.17 329.25 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 464.12 329.25 Td (our ) Tj ET Q q 0 0 0 rg BT 480.07 329.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 501.02 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 329.25 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 95.23 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 104.85 317.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 157.24 317.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 188.52 317.25 Td (char) Tj ET Q q 0 0 0 rg BT 205.55 317.25 Td (ges ) Tj ET Q q 0 0 0 rg BT 220.73 317.25 Td (was ) Tj ET Q q 0 0 0 rg BT 238.13 317.25 Td (2.46 ) Tj ET Q q 0 0 0 rg BT 257.47 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.10 317.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 281.45 317.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 309.39 317.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 331.24 317.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.53 317.25 Td (required ) Tj ET Q q 0 0 0 rg BT 372.69 317.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 392.86 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.04 317.25 Td (not ) Tj ET Q q 0 0 0 rg BT 417.66 317.25 Td (less ) Tj ET Q q 0 0 0 rg BT 434.51 317.25 Td (than ) Tj ET Q q 0 0 0 rg BT 453.57 317.25 Td (1.25 ) Tj ET Q q 0 0 0 rg BT 472.92 317.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.55 317.25 Td (1.0\), ) Tj ET Q q 0 0 0 rg BT 502.72 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.01 317.25 Td (our ) Tj ET Q q 0 0 0 rg BT 534.19 317.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 71.18 305.25 Td (was ) Tj ET Q q 0 0 0 rg BT 90.10 305.25 Td (3.04 ) Tj ET Q q 0 0 0 rg BT 110.96 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 122.09 305.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 137.95 305.25 Td (\(based ) Tj ET Q q 0 0 0 rg BT 167.41 305.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 190.77 305.25 Td (a ) Tj ET Q q 0 0 0 rg BT 198.57 305.25 Td (required ) Tj ET Q q 0 0 0 rg BT 235.24 305.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 256.93 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.62 305.25 Td (not ) Tj ET Q q 0 0 0 rg BT 284.75 305.25 Td (less ) Tj ET Q q 0 0 0 rg BT 303.11 305.25 Td (than ) Tj ET Q q 0 0 0 rg BT 323.69 305.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 339.55 305.25 Td (to ) Tj ET Q q 0 0 0 rg BT 350.69 305.25 Td (1.0\). ) Tj ET Q q 0 0 0 rg BT 372.38 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 375.74 305.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 403.53 305.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 426.89 305.25 Td (our ) Tj ET Q q 0 0 0 rg BT 443.58 305.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 483.04 305.25 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 527.48 305.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 554.16 305.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (production ) Tj ET Q q 0 0 0 rg BT 95.39 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 112.39 293.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 137.45 293.25 Td (hedges ) Tj ET Q q 0 0 0 rg BT 167.79 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.13 293.25 Td (place ) Tj ET Q q 0 0 0 rg BT 201.79 293.25 Td (as ) Tj ET Q q 0 0 0 rg BT 212.68 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.57 293.25 Td (February ) Tj ET Q q 0 0 0 rg BT 262.23 293.25 Td (22, ) Tj ET Q q 0 0 0 rg BT 277.30 293.25 Td (2017, ) Tj ET Q q 0 0 0 rg BT 302.36 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 319.36 293.25 Td (current ) Tj ET Q q 0 0 0 rg BT 350.24 293.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 363.36 293.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 411.48 293.25 Td (futures ) Tj ET Q q 0 0 0 rg BT 441.81 293.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 470.75 293.25 Td (we ) Tj ET Q q 0 0 0 rg BT 484.97 293.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 523.63 293.25 Td (anticipate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.77 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 105.05 281.25 Td (be ) Tj ET Q q 0 0 0 rg BT 116.99 281.25 Td (in ) Tj ET Q q 0 0 0 rg BT 127.27 281.25 Td (compliance ) Tj ET Q q 0 0 0 rg BT 175.86 281.25 Td (with ) Tj ET Q q 0 0 0 rg BT 196.14 281.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.97 281.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 249.45 281.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.47 281.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 344.95 281.25 Td (during ) Tj ET Q q 0 0 0 rg BT 373.56 281.25 Td (2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.70 257.25 Td (above ) Tj ET Q q 0 0 0 rg BT 112.23 257.25 Td (description ) Tj ET Q q 0 0 0 rg BT 159.31 257.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.29 257.25 Td (our ) Tj ET Q q 0 0 0 rg BT 186.27 257.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 210.03 257.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 237.10 257.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 284.17 257.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.80 257.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 374.98 257.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 417.61 257.25 Td (and ) Tj ET Q q 0 0 0 rg BT 434.70 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.57 257.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 484.43 257.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 522.63 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 536.94 257.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.12 245.25 Td (three ) Tj ET Q q 0 0 0 rg BT 86.51 245.25 Td (amendments ) Tj ET Q q 0 0 0 rg BT 139.45 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 154.06 245.25 Td (qualified ) Tj ET Q q 0 0 0 rg BT 192.00 245.25 Td (by ) Tj ET Q q 0 0 0 rg BT 204.41 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.03 245.25 Td (express ) Tj ET Q q 0 0 0 rg BT 251.42 245.25 Td (language ) Tj ET Q q 0 0 0 rg BT 289.92 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 306.76 245.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 339.14 245.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 363.76 245.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 405.04 245.25 Td (in ) Tj ET Q q 0 0 0 rg BT 415.22 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.84 245.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 453.35 245.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 480.21 245.25 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 529.54 245.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.16 245.25 Td (First ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 102.38 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.61 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.27 233.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 153.83 233.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 181.51 233.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 229.39 233.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 254.49 233.25 Td (May ) Tj ET Q q 0 0 0 rg BT 276.27 233.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 287.22 233.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 313.17 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.83 233.25 Td (Second ) Tj ET Q q 0 0 0 rg BT 360.96 233.25 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 413.84 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.07 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.73 233.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 465.29 233.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 492.97 233.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 540.85 233.25 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (February ) Tj ET Q q 0 0 0 rg BT 88.82 221.25 Td (17, ) Tj ET Q q 0 0 0 rg BT 104.55 221.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 130.27 221.25 Td (and ) Tj ET Q q 0 0 0 rg BT 147.94 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.15 221.25 Td (Third ) Tj ET Q q 0 0 0 rg BT 187.88 221.25 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 240.54 221.25 Td (to ) Tj ET Q q 0 0 0 rg BT 251.54 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 221.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 291.31 221.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 318.82 221.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 366.47 221.25 Td (dated ) Tj ET Q q 0 0 0 rg BT 390.64 221.25 Td (April ) Tj ET Q q 0 0 0 rg BT 414.97 221.25 Td (18, ) Tj ET Q q 0 0 0 rg BT 430.70 221.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 456.42 221.25 Td (each ) Tj ET Q q 0 0 0 rg BT 477.96 221.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.52 221.25 Td (which ) Tj ET Q q 0 0 0 rg BT 517.18 221.25 Td (are ) Tj ET Q q 0 0 0 rg BT 532.61 221.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 554.17 221.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 83.67 209.25 Td (to ) Tj ET Q q 0 0 0 rg BT 93.94 209.25 Td (our ) Tj ET Q q 0 0 0 rg BT 109.77 209.25 Td (periodic ) Tj ET Q q 0 0 0 rg BT 145.04 209.25 Td (reports ) Tj ET Q q 0 0 0 rg BT 175.31 209.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 196.13 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 216.41 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 209.25 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 185.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 89.88 185.25 Td (Debt ) Tj ET Q q 0 0 0 rg BT 112.81 185.25 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 158.91 185.25 Td (T) Tj ET Q q 0 0 0 rg BT 164.84 185.25 Td (ransactions. ) Tj ET Q q 0 0 0 rg BT 218.61 185.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.99 185.25 Td (During ) Tj ET Q q 0 0 0 rg BT 251.70 185.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 276.58 185.25 Td (we ) Tj ET Q q 0 0 0 rg BT 290.62 185.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 334.65 185.25 Td (a ) Tj ET Q q 0 0 0 rg BT 341.47 185.25 Td (series ) Tj ET Q q 0 0 0 rg BT 366.62 185.25 Td (of ) Tj ET Q q 0 0 0 rg BT 377.33 185.25 Td (privately ) Tj ET Q q 0 0 0 rg BT 415.26 185.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 459.29 185.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 478.88 185.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 522.91 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 539.73 185.25 Td (open-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.25 Td (market ) Tj ET Q q 0 0 0 rg BT 80.08 173.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 100.11 173.25 Td (repurchases, ) Tj ET Q q 0 0 0 rg BT 152.62 173.25 Td (contributing ) Tj ET Q q 0 0 0 rg BT 204.32 173.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.91 173.25 Td (a ) Tj ET Q q 0 0 0 rg BT 222.17 173.25 Td (net ) Tj ET Q q 0 0 0 rg BT 237.20 173.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 277.78 173.25 Td (of ) Tj ET Q q 0 0 0 rg BT 288.92 173.25 Td (our ) Tj ET Q q 0 0 0 rg BT 305.07 173.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 325.10 173.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 363.46 173.25 Td (balance ) Tj ET Q q 0 0 0 rg BT 396.80 173.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.95 173.25 Td ($530.4 ) Tj ET Q q 0 0 0 rg BT 438.26 173.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.15 173.25 Td ( ) Tj ET Q q 0 0 0 rg BT 469.97 173.25 Td (between ) Tj ET Q q 0 0 0 rg BT 506.10 173.25 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 173.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.22 161.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.39 161.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 114.61 161.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.33 161.25 Td (In ) Tj ET Q q 0 0 0 rg BT 128.39 161.25 Td (May ) Tj ET Q q 0 0 0 rg BT 149.44 161.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 174.66 161.25 Td (we ) Tj ET Q q 0 0 0 rg BT 189.05 161.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 221.20 161.25 Td (into ) Tj ET Q q 0 0 0 rg BT 239.48 161.25 Td (privately ) Tj ET Q q 0 0 0 rg BT 277.74 161.25 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 322.12 161.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 370.37 161.25 Td (to ) Tj ET Q q 0 0 0 rg BT 380.87 161.25 Td (exchange ) Tj ET Q q 0 0 0 rg BT 421.35 161.25 Td ($175.1 ) Tj ET Q q 0 0 0 rg BT 451.57 161.25 Td (million ) Tj ET Q q 0 0 0 rg BT 483.19 161.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.46 161.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.17 161.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.25 Td (our ) Tj ET Q /GS0 gs q 22.99 0 0 10.09 64.99 147.09 cm /I21 Do Q q 0 0 0 rg BT 87.99 149.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 116.26 149.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 171.75 149.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.25 149.25 Td (due ) Tj ET Q q 0 0 0 rg BT 213.85 149.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 236.01 149.25 Td (\(2021 ) Tj ET Q q 0 0 0 rg BT 265.95 149.25 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 301.71 149.25 Td ($41) Tj ET Q q 0 0 0 rg BT 316.34 149.25 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 331.00 149.25 Td (million ) Tj ET Q q 0 0 0 rg BT 362.06 149.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 399.77 149.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 431.93 149.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.42 149.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.92 149.25 Td (5% ) Tj ET Q q 0 0 0 rg BT 480.91 149.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 509.18 149.25 Td (Subordinated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.61 137.25 Td (due ) Tj ET Q q 0 0 0 rg BT 92.83 137.25 Td (2022 ) Tj ET Q q 0 0 0 rg BT 115.61 137.25 Td (\(2022 ) Tj ET Q q 0 0 0 rg BT 146.16 137.25 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 182.53 137.25 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 137.25 Td ($471.7 ) Tj ET Q q 0 0 0 rg BT 230.03 137.25 Td (million ) Tj ET Q q 0 0 0 rg BT 261.70 137.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 300.03 137.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.80 137.25 Td (of ) Tj ET Q q 0 0 0 rg BT 343.91 137.25 Td (our ) Tj ET Q /GS0 gs q 23.61 0 0 10.09 360.02 135.09 cm /I22 Do Q q 0 0 0 rg BT 383.63 137.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 412.52 137.25 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 468.62 137.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 494.73 137.25 Td (due ) Tj ET Q q 0 0 0 rg BT 511.95 137.25 Td (2023 ) Tj ET Q q 0 0 0 rg BT 534.73 137.25 Td (\(2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.25 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 83.67 125.25 Td (for ) Tj ET Q q 0 0 0 rg BT 98.40 125.25 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 128.98 125.25 Td (million ) Tj ET Q q 0 0 0 rg BT 160.94 125.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 199.56 125.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 232.62 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 244.03 125.25 Td (new ) Tj ET Q q 0 0 0 rg BT 263.76 125.25 Td (2021 ) Tj ET Q q 0 0 0 rg BT 286.83 125.25 Td (Senior ) Tj ET Q q 0 0 0 rg BT 316.01 125.25 Td (Secured ) Tj ET Q q 0 0 0 rg BT 351.29 125.25 Td (Notes ) Tj ET Q q 0 0 0 rg BT 377.70 125.25 Td (plus ) Tj ET Q q 0 0 0 rg BT 397.44 125.25 Td (40.7 ) Tj ET Q q 0 0 0 rg BT 418.01 125.25 Td (million ) Tj ET Q q 0 0 0 rg BT 449.98 125.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 478.04 125.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.44 125.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 527.50 125.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 76.31 113.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 114.51 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 125.50 113.25 Td (a ) Tj ET Q q 0 0 0 rg BT 133.14 113.25 Td (net ) Tj ET Q q 0 0 0 rg BT 148.56 113.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 189.53 113.25 Td (from ) Tj ET Q q 0 0 0 rg BT 212.18 113.25 Td (these ) Tj ET Q q 0 0 0 rg BT 235.93 113.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 280.78 113.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.32 113.25 Td ($442.9 ) Tj ET Q q 0 0 0 rg BT 323.02 113.25 Td (million ) Tj ET Q q 0 0 0 rg BT 355.12 113.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.10 113.25 Td (our ) Tj ET Q q 0 0 0 rg BT 382.64 113.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 403.06 113.25 Td (principal. ) Tj ET Q q 0 0 0 rg BT 444.31 113.25 Td ( ) Tj ET Q q 0 0 0 rg BT 447.52 113.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 466.27 113.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 490.59 113.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 518.08 113.25 Td (Agreement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.25 Td (allows ) Tj ET Q q 0 0 0 rg BT 77.38 101.25 Td (for ) Tj ET Q q 0 0 0 rg BT 90.80 101.25 Td (the ) Tj ET Q q 0 0 0 rg BT 104.79 101.25 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 148.75 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.85 101.25 Td (up ) Tj ET Q q 0 0 0 rg BT 170.61 101.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.16 101.25 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 199.43 101.25 Td (billion ) Tj ET Q q 0 0 0 rg BT 227.31 101.25 Td (of ) Tj ET Q q 0 0 0 rg BT 237.41 101.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 263.06 101.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 279.82 101.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 301.31 101.25 Td (so ) Tj ET Q q 0 0 0 rg BT 311.97 101.25 Td (after ) Tj ET Q q 0 0 0 rg BT 332.05 101.25 Td (taking ) Tj ET Q q 0 0 0 rg BT 358.81 101.25 Td (these ) Tj ET Q q 0 0 0 rg BT 381.13 101.25 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 424.54 101.25 Td (into ) Tj ET Q q 0 0 0 rg BT 441.86 101.25 Td (account, ) Tj ET Q q 0 0 0 rg BT 477.22 101.25 Td (we ) Tj ET Q q 0 0 0 rg BT 490.65 101.25 Td (have ) Tj ET Q q 0 0 0 rg BT 511.30 101.25 Td (an ) Tj ET Q q 0 0 0 rg BT 522.50 101.25 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.25 Td ($385.1 ) Tj ET Q q 0 0 0 rg BT 79.50 89.25 Td (million ) Tj ET Q q 0 0 0 rg BT 110.89 89.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.72 89.25 Td (junior ) Tj ET Q q 0 0 0 rg BT 148.11 89.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 165.60 89.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 185.32 89.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 221.13 89.25 Td (that ) Tj ET Q q 0 0 0 rg BT 238.63 89.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 272.78 89.25 Td (available ) Tj ET Q q 0 0 0 rg BT 311.37 89.25 Td (to ) Tj ET Q q 0 0 0 rg BT 321.65 89.25 Td (us.) Tj ET Q endstream endobj 83 0 obj <> endobj 84 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.65 713.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 123.96 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.44 713.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 189.56 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 196.81 713.10 Td (total ) Tj ET Q q 0 0 0 rg BT 217.40 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.54 713.10 Td ($181.9 ) Tj ET Q q 0 0 0 rg BT 258.86 713.10 Td (million ) Tj ET Q q 0 0 0 rg BT 290.56 713.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 328.92 713.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 361.73 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.88 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.02 713.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 423.50 713.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 450.75 713.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 505.22 713.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 529.15 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.74 713.10 Td (open-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.93 701.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 132.87 701.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 176.10 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.10 701.10 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 207.27 701.10 Td (million ) Tj ET Q q 0 0 0 rg BT 238.83 701.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 277.04 701.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 309.71 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.71 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.71 701.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 359.38 701.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 387.88 701.10 Td ($66.1 ) Tj ET Q q 0 0 0 rg BT 413.05 701.10 Td (million ) Tj ET Q q 0 0 0 rg BT 444.62 701.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 482.83 701.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 515.50 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.50 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 542.50 701.10 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 78.68 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.47 689.10 Td ($106.0 ) Tj ET Q q 0 0 0 rg BT 127.32 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 159.57 689.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 198.46 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 231.81 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.49 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 260.17 689.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 283.53 689.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 310.21 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 325.22 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 333.01 689.10 Td (total ) Tj ET Q q 0 0 0 rg BT 354.14 689.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 393.03 689.10 Td (price ) Tj ET Q q 0 0 0 rg BT 416.36 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.04 689.10 Td ($76.7 ) Tj ET Q q 0 0 0 rg BT 453.90 689.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 488.64 689.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 531.43 689.10 Td (accrued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 83.78 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 85.96 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.85 677.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 153.40 677.10 Td (were ) Tj ET Q q 0 0 0 rg BT 175.17 677.10 Td (made ) Tj ET Q q 0 0 0 rg BT 199.18 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 208.74 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 234.97 677.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 267.86 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.65 677.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 349.75 677.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 370.43 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.56 677.10 Td (75% ) Tj ET Q q 0 0 0 rg BT 401.24 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.91 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.48 677.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 464.37 677.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.71 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.39 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.95 677.10 Td (individual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.66 665.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 131.04 665.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 157.37 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.10 665.10 Td (In ) Tj ET Q q 0 0 0 rg BT 171.15 665.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 217.75 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 238.25 665.10 Td (these ) Tj ET Q q 0 0 0 rg BT 261.52 665.10 Td (series ) Tj ET Q q 0 0 0 rg BT 287.01 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.06 665.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 351.05 665.10 Td (during ) Tj ET Q q 0 0 0 rg BT 379.88 665.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 402.61 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 416.99 665.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 463.58 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 470.74 665.10 Td ($103.1 ) Tj ET Q q 0 0 0 rg BT 500.96 665.10 Td (million ) Tj ET Q q 0 0 0 rg BT 532.58 665.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.52 665.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 69.78 653.10 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 137.01 653.10 Td (net ) Tj ET Q q 0 0 0 rg BT 152.30 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.70 653.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 216.74 653.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 237.03 653.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 273.97 653.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 297.04 653.10 Td (written ) Tj ET Q q 0 0 0 rg BT 328.43 653.10 Td (of) Tj ET Q q 0 0 0 rg BT 336.58 653.10 Td (f. ) Tj ET Q q 0 0 0 rg BT 345.48 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.33 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 356.96 653.10 Td (e ) Tj ET Q q 0 0 0 rg BT 364.47 653.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 403.63 653.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 440.02 653.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 482.52 653.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 512.25 653.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 533.08 653.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (savings ) Tj ET Q q 0 0 0 rg BT 81.29 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.40 641.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 150.95 641.10 Td ($7 ) Tj ET Q q 0 0 0 rg BT 162.74 641.10 Td (million ) Tj ET Q q 0 0 0 rg BT 193.42 641.10 Td (related ) Tj ET Q q 0 0 0 rg BT 222.41 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 231.97 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 254.30 641.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 303.29 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.51 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.52 641.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 373.06 641.10 Td (transactions. ) Tj ET Q q 0 0 0 rg BT 425.11 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.90 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 444.24 641.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 467.13 641.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 493.52 641.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 539.73 641.10 Td (limits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 102.99 629.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 153.15 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.44 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 180.74 629.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 208.14 629.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 262.75 629.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 286.82 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.56 629.10 Td ($225 ) Tj ET Q q 0 0 0 rg BT 320.52 629.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 354.88 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.28 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.57 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.86 629.10 Td (February ) Tj ET Q q 0 0 0 rg BT 433.92 629.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 449.38 629.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 474.84 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 489.46 629.10 Td (have ) Tj ET Q q 0 0 0 rg BT 511.30 629.10 Td (up ) Tj ET Q q 0 0 0 rg BT 524.26 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 535.00 629.10 Td ($148.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (million ) Tj ET Q q 0 0 0 rg BT 80.89 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.72 617.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 134.76 617.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 170.57 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 184.73 617.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 211.67 617.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 265.83 617.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 289.44 617.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 339.13 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.96 617.10 Td (other ) Tj ET Q q 0 0 0 rg BT 373.01 617.10 Td (redemptions.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (2017) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.50 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 90.44 593.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 125.05 593.10 Td (Spending. ) Tj ET Q q 0 0 0 rg BT 170.52 593.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.46 593.10 Td (W) Tj ET Q q 0 0 0 rg BT 182.10 593.10 Td (e ) Tj ET Q q 0 0 0 rg BT 189.48 593.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 228.51 593.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 270.32 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.25 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.52 593.10 Td (full-year ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.89 593.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.89 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.83 593.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 394.42 593.10 Td (budget, ) Tj ET Q q 0 0 0 rg BT 427.08 593.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 469.45 593.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 515.70 593.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 548.08 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 102.56 581.10 Td (will ) Tj ET Q q 0 0 0 rg BT 120.89 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 133.12 581.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 193.66 581.10 Td ($300 ) Tj ET Q q 0 0 0 rg BT 216.44 581.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 250.61 581.10 Td (an ) Tj ET Q q 0 0 0 rg BT 262.83 581.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 298.37 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 309.48 581.10 Td (44% ) Tj ET Q q 0 0 0 rg BT 330.59 581.10 Td (over ) Tj ET Q q 0 0 0 rg BT 351.14 581.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 373.93 581.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 412.82 581.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 441.42 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 468.65 581.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 504.75 581.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 66.96 569.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.85 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.31 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.55 569.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 154.31 569.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 187.31 569.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 236.15 569.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 284.15 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.05 569.10 Td (development ) Tj ET Q q 0 0 0 rg BT 355.16 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.62 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 394.51 569.10 Td (pre-production ) Tj ET Q q 0 0 0 rg BT 456.39 569.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 487.73 569.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 517.40 569.10 Td (costs.) Tj ET Q q 0 0 0 rg BT 544.72 569.10 Td (This ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.30 557.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.30 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.67 557.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 142.69 557.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 172.27 557.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 207.14 557.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 248.94 557.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 294.61 557.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 326.41 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 343.22 557.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 395.86 557.10 Td (compares ) Tj ET Q q 0 0 0 rg BT 436.55 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.69 557.10 Td (combined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.49 557.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.49 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.86 557.10 Td (development ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.98 545.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 117.92 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.08 545.10 Td ($208.6 ) Tj ET Q q 0 0 0 rg BT 159.41 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.30 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.13 545.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 210.06 545.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 242.89 545.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 286.95 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 294.22 545.10 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.00 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 334.82 545.10 Td (below ) Tj ET Q q 0 0 0 rg BT 362.09 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 376.58 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 383.85 545.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 423.90 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 435.06 545.10 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.76 545.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.76 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 484.59 545.10 Td (expenditures\). ) Tj ET Q q 0 0 0 rg BT 544.34 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 545.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 533.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 101.15 533.10 Td (budget, ) Tj ET Q q 0 0 0 rg BT 133.37 533.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 175.30 533.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 221.11 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 253.04 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.98 533.10 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 322.75 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.92 533.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 376.08 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.91 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.62 533.10 Td (following:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.10 Td ($175 ) Tj ET Q q 0 0 0 rg BT 108.00 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.89 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.39 509.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 177.98 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 192.14 509.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 223.51 509.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 236.57 509.10 Td (field ) Tj ET Q q 0 0 0 rg BT 257.39 509.10 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td ($60 ) Tj ET Q q 0 0 0 rg BT 103.00 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 497.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 172.98 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 187.14 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 210.19 497.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 235.72 497.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 275.44 497.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 325.14 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 338.20 497.10 Td (field ) Tj ET Q q 0 0 0 rg BT 359.02 497.10 Td (expenditures;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 485.10 Td ($10 ) Tj ET Q q 0 0 0 rg BT 103.00 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.89 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.39 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.67 485.10 Td (be ) Tj ET Q q 0 0 0 rg BT 156.61 485.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 180.22 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.72 485.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 206.61 483.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.86 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.36 485.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 244.85 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.79 485.10 Td (pipelines; ) Tj ET Q q 0 0 0 rg BT 303.17 485.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 473.10 Td ($55 ) Tj ET Q q 0 0 0 rg BT 103.22 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.11 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.83 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 149.22 473.10 Td (other ) Tj ET Q q 0 0 0 rg BT 172.48 473.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 201.85 473.10 Td (items ) Tj ET Q q 0 0 0 rg BT 226.24 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 247.29 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.34 473.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 304.37 473.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 337.63 473.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 386.74 473.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 435.00 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.16 473.10 Td (development ) Tj ET Q q 0 0 0 rg BT 506.53 473.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.25 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 546.41 473.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.33 461.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 162.70 461.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 192.41 461.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.56 437.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 117.18 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.13 437.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 171.85 437.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 215.56 437.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 241.50 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 252.46 437.10 Td (production ) Tj ET Q q 0 0 0 rg BT 298.40 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.46 437.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 340.59 437.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 388.76 437.10 Td (hedges ) Tj ET Q q 0 0 0 rg BT 419.15 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.55 437.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 455.77 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.83 437.10 Td (current ) Tj ET Q q 0 0 0 rg BT 503.76 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 516.94 437.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 79.85 425.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 108.81 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 123.05 425.10 Td (intend ) Tj ET Q q 0 0 0 rg BT 150.63 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.99 425.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 181.90 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.81 425.10 Td (development ) Tj ET Q q 0 0 0 rg BT 252.05 425.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 281.28 425.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 319.97 425.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 359.76 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 380.12 425.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 400.47 425.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 421.39 425.10 Td (from ) Tj ET Q q 0 0 0 rg BT 443.41 425.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 490.14 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 510.50 425.10 Td (any ) Tj ET Q q 0 0 0 rg BT 527.52 425.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 85.43 413.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 115.80 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 136.19 413.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 185.99 413.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 234.15 413.10 Td (under ) Tj ET Q q 0 0 0 rg BT 259.52 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 275.45 413.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 299.17 413.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 326.19 413.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 375.72 413.10 Td (under ) Tj ET Q q 0 0 0 rg BT 401.10 413.10 Td (which ) Tj ET Q q 0 0 0 rg BT 428.14 413.10 Td (as ) Tj ET Q q 0 0 0 rg BT 439.07 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.01 413.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 508.70 413.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 533.80 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 548.07 413.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (ample ) Tj ET Q q 0 0 0 rg BT 75.80 401.10 Td (available ) Tj ET Q q 0 0 0 rg BT 113.76 401.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 157.29 401.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 192.47 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.12 401.10 Td (cover ) Tj ET Q q 0 0 0 rg BT 226.20 401.10 Td (any ) Tj ET Q q 0 0 0 rg BT 242.51 401.10 Td (foreseeable ) Tj ET Q q 0 0 0 rg BT 289.90 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 309.54 401.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 329.74 401.10 Td (shortfall. ) Tj ET Q q 0 0 0 rg BT 367.43 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.30 401.10 Td (If ) Tj ET Q q 0 0 0 rg BT 377.83 401.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 403.58 401.10 Td (were ) Tj ET Q q 0 0 0 rg BT 424.88 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 434.53 401.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 470.81 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.01 401.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 515.09 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 524.74 401.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (results ) Tj ET Q q 0 0 0 rg BT 77.74 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 99.31 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 109.22 389.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 133.57 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.14 389.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 180.04 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.96 389.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 235.96 389.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 258.10 389.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 278.00 389.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 302.36 389.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 354.49 389.10 Td (below ) Tj ET Q q 0 0 0 rg BT 381.06 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 396.53 389.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 434.76 389.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 477.98 389.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 517.88 389.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 537.78 389.10 Td (flows, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.09 377.10 Td (would ) Tj ET Q q 0 0 0 rg BT 90.01 377.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 114.71 377.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 143.28 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 158.54 377.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 187.11 377.10 Td (expenditures. ) Tj ET Q q 0 0 0 rg BT 242.63 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.56 377.10 Td (If ) Tj ET Q q 0 0 0 rg BT 253.14 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 266.73 377.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 295.30 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 310.55 377.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 339.13 377.10 Td (spending ) Tj ET Q q 0 0 0 rg BT 377.16 377.10 Td (due ) Tj ET Q q 0 0 0 rg BT 393.53 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.23 377.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 427.92 377.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 447.62 377.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 474.26 377.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.63 377.10 Td (sizeable ) Tj ET Q q 0 0 0 rg BT 524.76 377.10 Td (reduction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.00 365.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 102.27 365.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 127.54 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.37 365.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 189.74 365.10 Td (production ) Tj ET Q q 0 0 0 rg BT 235.56 365.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 261.39 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.67 365.10 Td (future ) Tj ET Q q 0 0 0 rg BT 298.04 365.10 Td (years.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 101.92 341.10 Td (Expenditur) Tj ET Q q 0 0 0 rg BT 150.64 341.10 Td (e ) Tj ET Q q 0 0 0 rg BT 157.83 341.10 Td (Summary) Tj ET Q q 0 0 0 rg BT 199.50 341.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 341.10 Td () Tj ET Q q 0 0 0 rg BT 206.82 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 225.12 341.10 Td (following ) Tj ET Q q 0 0 0 rg BT 266.75 341.10 Td (table ) Tj ET Q q 0 0 0 rg BT 288.94 341.10 Td (reflects ) Tj ET Q q 0 0 0 rg BT 321.11 341.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 357.18 341.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 386.58 341.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 440.42 341.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 484.28 341.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 518.11 341.10 Td (capital\) ) Tj ET Q q 0 0 0 rg BT 550.84 341.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 329.10 Td (years ) Tj ET Q q 0 0 0 rg BT 87.82 329.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 114.19 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 157.78 329.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.78 329.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 192.78 329.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.78 329.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.78 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 220.28 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.21 329.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.21 329.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 288.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 288.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 288.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 288.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 288.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 258.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 258.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 258.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 258.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 258.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 258.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 258.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 228.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 228.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 228.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 228.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 228.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 228.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 228.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 198.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 198.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 198.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 198.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 198.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 168.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 168.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 168.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 168.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 168.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 168.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 168.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 138.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 138.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 138.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 138.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 138.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 138.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 138.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 108.60 312.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 362.00 108.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 366.00 108.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 108.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 433.00 108.60 63.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.00 108.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 500.00 108.60 63.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 303.6 m 429 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 288.6 m 362 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 303.6 m 429 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 288.6 m 429 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 303.6 m 496 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 288.6 m 496 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 303.6 m 563 303.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 288.6 m 563 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 228.60000000000002 m 429 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 228.60000000000002 m 496 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 228.60000000000002 m 563 228.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 168.60000000000002 m 429 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 168.60000000000002 m 496 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 168.60000000000002 m 563 168.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 138.60000000000002 m 429 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 138.60000000000002 m 496 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 138.60000000000002 m 563 138.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 108.60000000000002 m 429 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 108.60000000000002 m 496 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 108.60000000000002 m 563 108.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 94.60000000000002 m 429 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 366 92.60000000000002 m 429 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 94.60000000000002 m 496 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 433 92.60000000000002 m 496 92.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 94.60000000000002 m 563 94.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 500 92.60000000000002 m 563 92.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.45 308.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 293.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.00 293.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.00 293.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.00 293.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 278.27 Td (Capital expenditures by project) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 278.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 263.27 Td (Tertiary oil fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 263.27 Td (119,117) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 263.27 Td (199,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 263.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 263.27 Td (629,790) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 248.27 Td (Non-tertiary fields) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 248.27 Td (31,034) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 248.27 Td (101,667) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 248.27 Td (240,187) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 233.27 Td (Capitalized internal costs ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.08 237.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 233.27 Td (56,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 233.27 Td (66,308) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 233.27 Td (67,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 218.27 Td (Oil and natural gas capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 218.27 Td (206,411) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 218.27 Td (367,898) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.65 218.27 Td (937,885) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 203.27 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.39 201.84 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.64 203.27 Td ( pipelines) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 203.27 Td (34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 203.27 Td (14,444) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 203.27 Td (45,672) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 188.27 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.39 186.84 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.64 188.27 Td ( sources) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 188.27 Td (2,171) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 188.27 Td (23,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 188.27 Td (56,460) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 173.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 173.27 Td (30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.65 173.27 Td (1,177) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 173.27 Td (1,853) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 76.50 159.33 Td (Capital expenditures, before acquisitions and capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 158.27 Td (208,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 158.27 Td (407,162) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 158.27 Td (1,041,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 143.27 Td (Acquisitions of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 143.27 Td (11,706) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 143.27 Td (25,765) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 143.27 Td (8,773) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 128.28 Td (Capital expenditures, before capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 128.27 Td (220,352) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 128.27 Td (432,927) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 128.27 Td (1,050,643) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 113.27 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 113.27 Td (25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.65 113.27 Td (32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 113.27 Td (24,202) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 64.50 98.28 Td (Capital expenditures, total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.50 98.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 98.27 Td (246,334) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.50 98.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 98.27 Td (465,073) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.50 98.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.15 98.27 Td (1,074,845) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.10 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.88 70.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 149.68 70.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 182.72 70.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 231.61 70.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 279.65 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.59 70.10 Td (development ) Tj ET Q q 0 0 0 rg BT 350.74 70.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.24 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.18 70.10 Td (pre-production ) Tj ET Q q 0 0 0 rg BT 452.10 70.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 483.47 70.10 Td (startup ) Tj ET Q q 0 0 0 rg BT 513.19 70.10 Td (costs.) Tj ET Q endstream endobj 85 0 obj <> endobj 86 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.02 713.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.02 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 106.99 713.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 135.61 713.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 188.67 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.07 713.10 Td (property ) Tj ET Q q 0 0 0 rg BT 240.92 713.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 290.66 713.10 Td (were ) Tj ET Q q 0 0 0 rg BT 312.06 713.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 332.91 713.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 362.65 713.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.39 713.10 Td ($219.2 ) Tj ET Q q 0 0 0 rg BT 411.86 713.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.75 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.72 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.02 713.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 472.75 713.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 496.94 713.10 Td (from ) Tj ET Q q 0 0 0 rg BT 518.35 713.10 Td (operations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 68.19 701.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 110.20 701.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 134.44 701.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 172.00 701.10 Td (by ) Tj ET Q q 0 0 0 rg BT 184.02 701.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 205.48 701.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 226.94 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 243.40 701.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 290.97 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.99 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 318.34 701.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 344.79 701.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 377.35 701.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 398.81 701.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 423.59 701.10 Td (facility) Tj ET Q q 0 0 0 rg BT 451.26 701.10 Td (. ) Tj ET Q q 0 0 0 rg BT 455.78 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 457.80 701.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 475.37 701.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 497.39 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.85 701.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 535.86 701.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 103.86 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.57 689.10 Td (property ) Tj ET Q q 0 0 0 rg BT 158.72 689.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 209.76 689.10 Td (were ) Tj ET Q q 0 0 0 rg BT 232.46 689.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 254.62 689.10 Td (funded ) Tj ET Q q 0 0 0 rg BT 285.66 689.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.71 689.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 327.75 689.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 353.24 689.10 Td (from ) Tj ET Q q 0 0 0 rg BT 375.95 689.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 420.88 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.48 689.10 Td ($864.3 ) Tj ET Q q 0 0 0 rg BT 463.25 689.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.14 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.41 689.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.12 689.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 533.89 689.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 689.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 677.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 130.54 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.17 653.10 Td (Obligations) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 198.62 653.10 Td (. ) Tj ET Q q 0 0 0 rg BT 203.62 653.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.12 653.10 Td (A) Tj ET Q q 0 0 0 rg BT 212.79 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.29 653.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 255.01 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.84 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.67 653.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 328.61 653.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.33 653.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 396.91 653.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.91 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 421.91 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 431.08 653.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 471.90 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 482.18 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.89 653.10 Td (following ) Tj ET Q q 0 0 0 rg BT 538.28 653.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 616.60 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 616.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 616.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 616.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 616.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 616.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 616.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 616.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 616.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 616.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 616.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 590.60 132.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 590.60 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 590.60 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 590.60 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 590.60 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 590.60 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 590.60 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 590.60 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 590.60 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 590.60 4.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 590.60 72.00 -37.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 534.60 132.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 534.60 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 534.60 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 534.60 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 534.60 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 534.60 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 534.60 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 534.60 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 534.60 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 534.60 4.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 534.60 72.00 -18.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 503.60 132.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 503.60 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 503.60 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 503.60 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 503.60 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 503.60 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 503.60 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 503.60 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 503.60 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 503.60 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 503.60 72.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 469.60 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 469.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 469.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 443.60 132.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.50 443.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 257.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 261.50 443.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.50 443.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 409.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 413.50 443.60 72.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 485.50 443.60 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 489.50 443.60 72.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 629.6 m 257.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 629.6 m 261.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 629.6 m 333.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 629.6 m 337.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 629.6 m 409.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 629.6 m 413.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 629.6 m 485.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 485.5 629.6 m 489.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 629.6 m 561.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 616.6 m 181.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 629.6 m 257.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 616.6 m 257.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 257.5 629.6 m 261.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 629.6 m 333.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 616.6 m 333.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333.5 629.6 m 337.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 629.6 m 409.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 616.6 m 409.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409.5 629.6 m 413.5 629.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 616.6 m 485.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 616.6 m 561.5 616.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185.5 443.6 m 257.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 261.5 443.6 m 333.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337.5 443.6 m 409.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413.5 443.6 m 485.5 443.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 489.5 443.6 m 561.5 443.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 633.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.30 633.85 Td (Payments Due by Period) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 620.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 213.00 620.85 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 273.20 620.85 Td (2018 and 2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.20 620.85 Td (2020 and 2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 432.30 620.85 Td (Thereafter) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.80 620.85 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 607.85 Td (Contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 607.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 607.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 607.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 607.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 607.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 594.85 Td (Bank Credit Agreement) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 594.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 594.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 594.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 594.85 Td (301,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 594.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 594.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 594.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 594.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 594.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 594.85 Td (301,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 581.85 Td (Estimated interest payments on) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 573.85 Td (senior secured bank credit facility,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 565.85 Td (senior secured second lien notes,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 557.85 Td (and subordinated debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 557.85 Td (152,905) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 557.85 Td (304,764) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 557.85 Td (240,967) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 557.85 Td (58,541) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 557.85 Td (757,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 545.55 Td (Senior secured debt \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 537.55 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 246.30 538.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 538.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 538.85 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 538.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 538.85 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 526.55 Td (Subordinated debt \(principal) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 518.60 Td (balance\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 520.85 Td (2,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 520.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 520.85 Td (215,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 520.85 Td (1,395,209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 520.85 Td (1,612,603) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 508.55 Td (Operating lease obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 507.85 Td (10,965) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 507.85 Td (21,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 507.85 Td (19,730) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.30 507.85 Td (38,549) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 507.85 Td (90,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 495.55 Td (Pipeline and capital lease) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 487.55 Td (obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 486.85 Td (48,579) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 308.30 486.85 Td (88,354) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 486.85 Td (53,964) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 486.85 Td (165,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 486.85 Td (356,067) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 473.85 Td (Other obligations ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 121.77 477.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 473.85 Td (106,838) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 473.85 Td (226,296) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 380.30 473.85 Td (220,362) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 473.85 Td (733,565) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 473.85 Td (1,287,061) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 460.85 Td (Commodity derivative liabilities ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 169.98 464.48 Td (\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 232.30 460.85 Td (69,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.30 460.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 460.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.30 460.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 460.85 Td (69,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 447.85 Td (Asset retirement obligations ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 156.20 451.48 Td (\(3\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 236.30 447.85 Td (1,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 312.30 447.85 Td (6,857) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 384.30 447.85 Td (13,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 456.30 447.85 Td (760,309) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 447.85 Td (782,479) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 435.55 Td (Total contractual obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 188.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 228.30 434.85 Td (392,623) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 264.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 304.30 434.85 Td (948,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 340.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.30 434.85 Td (1,378,592) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 416.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 450.30 434.85 Td (3,151,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 492.00 434.85 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 434.85 Td (5,871,557) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 407.10 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.87 407.10 Td (future ) Tj ET Q q 0 0 0 rg BT 140.24 407.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.50 407.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 217.44 407.10 Td (under ) Tj ET Q q 0 0 0 rg BT 242.70 407.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 281.29 407.10 Td (in ) Tj ET Q q 0 0 0 rg BT 291.56 407.10 Td (place ) Tj ET Q q 0 0 0 rg BT 315.15 407.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.97 407.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 336.80 407.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 395.38 407.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.38 407.10 Td (, ) Tj ET Q q 0 0 0 rg BT 420.37 407.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 460.08 407.10 Td (for ) Tj ET Q q 0 0 0 rg BT 474.23 407.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 512.26 407.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 550.85 407.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 395.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 393.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.06 395.10 Td (captured ) Tj ET Q q 0 0 0 rg BT 123.90 395.10 Td (from ) Tj ET Q q 0 0 0 rg BT 145.76 395.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 185.95 395.10 Td (sources, ) Tj ET Q q 0 0 0 rg BT 220.86 395.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 252.72 395.10 Td (rig ) Tj ET Q q 0 0 0 rg BT 266.25 395.10 Td (services ) Tj ET Q q 0 0 0 rg BT 300.87 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.73 395.10 Td (well-related ) Tj ET Q q 0 0 0 rg BT 367.90 395.10 Td (costs.) Tj ET Q q 0 0 0 rg BT 394.85 395.10 Td (As ) Tj ET Q q 0 0 0 rg BT 408.38 395.10 Td (is ) Tj ET Q q 0 0 0 rg BT 417.47 395.10 Td (common ) Tj ET Q q 0 0 0 rg BT 454.88 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.08 395.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.83 395.10 Td (industry) Tj ET Q q 0 0 0 rg BT 512.95 395.10 Td (, ) Tj ET Q q 0 0 0 rg BT 517.87 395.10 Td (we ) Tj ET Q q 0 0 0 rg BT 531.95 395.10 Td (commit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 383.10 Td (to ) Tj ET Q q 0 0 0 rg BT 79.62 383.10 Td (make ) Tj ET Q q 0 0 0 rg BT 105.62 383.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 137.17 383.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 192.60 383.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.95 383.10 Td (a ) Tj ET Q q 0 0 0 rg BT 215.73 383.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 248.39 383.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 272.73 383.10 Td (as ) Tj ET Q q 0 0 0 rg BT 285.41 383.10 Td (part ) Tj ET Q q 0 0 0 rg BT 305.30 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.97 383.10 Td (our ) Tj ET Q q 0 0 0 rg BT 335.65 383.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 372.77 383.10 Td (development ) Tj ET Q q 0 0 0 rg BT 428.76 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 383.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 497.43 383.10 Td (program.) Tj ET Q q 0 0 0 rg BT 538.63 383.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 371.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 124.32 371.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 163.91 371.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 188.50 371.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.66 371.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 232.70 371.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.08 371.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 274.68 371.10 Td (during ) Tj ET Q q 0 0 0 rg BT 303.17 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.77 371.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 364.59 371.10 Td (several ) Tj ET Q q 0 0 0 rg BT 395.30 371.10 Td (months ) Tj ET Q q 0 0 0 rg BT 427.13 371.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.95 371.10 Td (are ) Tj ET Q q 0 0 0 rg BT 458.54 371.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 489.82 371.10 Td (part ) Tj ET Q q 0 0 0 rg BT 507.75 371.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.46 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.18 371.10 Td (normal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 359.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 107.41 359.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 145.65 359.10 Td (or ) Tj ET Q q 0 0 0 rg BT 156.12 359.10 Td (part ) Tj ET Q q 0 0 0 rg BT 173.81 359.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.29 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.76 359.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 228.55 359.10 Td (budget ) Tj ET Q q 0 0 0 rg BT 257.92 359.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 276.16 359.10 Td (2017) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.16 359.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.30 359.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 330.45 359.10 Td (Spending ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 369.81 359.10 Td (above\).) Tj ET Q q 0 0 0 rg BT 404.34 359.10 Td (W) Tj ET Q q 0 0 0 rg BT 412.97 359.10 Td (e ) Tj ET Q q 0 0 0 rg BT 419.56 359.10 Td (also ) Tj ET Q q 0 0 0 rg BT 437.81 359.10 Td (have ) Tj ET Q q 0 0 0 rg BT 458.83 359.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 497.62 359.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 550.85 359.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 347.10 Td (such ) Tj ET Q q 0 0 0 rg BT 90.61 347.10 Td (things ) Tj ET Q q 0 0 0 rg BT 119.83 347.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.94 347.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 184.09 347.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 236.07 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.28 347.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 279.49 347.10 Td (fees; ) Tj ET Q q 0 0 0 rg BT 303.15 347.10 Td (software ) Tj ET Q q 0 0 0 rg BT 342.35 347.10 Td (maintenance; ) Tj ET Q q 0 0 0 rg BT 400.43 347.10 Td (subscriptions; ) Tj ET Q q 0 0 0 rg BT 460.77 347.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.98 347.10 Td (other ) Tj ET Q q 0 0 0 rg BT 505.31 347.10 Td (overhead-type ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 335.10 Td (items.Normally ) Tj ET Q q 0 0 0 rg BT 138.17 335.10 Td (these ) Tj ET Q q 0 0 0 rg BT 161.90 335.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 216.18 335.10 Td (do ) Tj ET Q q 0 0 0 rg BT 229.36 335.10 Td (not ) Tj ET Q q 0 0 0 rg BT 245.32 335.10 Td (change ) Tj ET Q q 0 0 0 rg BT 276.82 335.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 320.54 335.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.72 335.10 Td (an ) Tj ET Q q 0 0 0 rg BT 346.34 335.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 388.39 335.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 411.57 335.10 Td (from ) Tj ET Q q 0 0 0 rg BT 434.19 335.10 Td (year ) Tj ET Q q 0 0 0 rg BT 454.58 335.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.54 335.10 Td (year ) Tj ET Q q 0 0 0 rg BT 485.93 335.10 Td (and ) Tj ET Q q 0 0 0 rg BT 503.55 335.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.94 335.10 Td (part ) Tj ET Q q 0 0 0 rg BT 537.67 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 335.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 323.10 Td (general ) Tj ET Q q 0 0 0 rg BT 98.99 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.50 323.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 174.78 323.10 Td (expenses.) Tj ET Q q 0 0 0 rg BT 218.20 323.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.83 323.10 Td (e ) Tj ET Q q 0 0 0 rg BT 233.34 323.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.29 323.10 Td (not ) Tj ET Q q 0 0 0 rg BT 269.13 323.10 Td (attempted ) Tj ET Q q 0 0 0 rg BT 310.63 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.48 323.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 355.87 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.16 323.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 406.11 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.51 323.10 Td (these ) Tj ET Q q 0 0 0 rg BT 439.13 323.10 Td (types ) Tj ET Q q 0 0 0 rg BT 462.31 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.71 323.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 511.42 323.10 Td (expenditures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 311.10 Td (in ) Tj ET Q q 0 0 0 rg BT 78.24 311.10 Td (this ) Tj ET Q q 0 0 0 rg BT 95.65 311.10 Td (table, ) Tj ET Q q 0 0 0 rg BT 120.55 311.10 Td (as ) Tj ET Q q 0 0 0 rg BT 131.84 311.10 Td (most ) Tj ET Q q 0 0 0 rg BT 154.25 311.10 Td (could ) Tj ET Q q 0 0 0 rg BT 179.43 311.10 Td (be ) Tj ET Q q 0 0 0 rg BT 191.83 311.10 Td (quickly ) Tj ET Q q 0 0 0 rg BT 224.79 311.10 Td (canceled ) Tj ET Q q 0 0 0 rg BT 262.73 311.10 Td (with ) Tj ET Q q 0 0 0 rg BT 283.47 311.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 311.97 311.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.71 311.10 Td (any ) Tj ET Q q 0 0 0 rg BT 340.11 311.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 374.17 311.10 Td (vendor) Tj ET Q q 0 0 0 rg BT 401.53 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 407.00 311.10 Td (even ) Tj ET Q q 0 0 0 rg BT 428.84 311.10 Td (though ) Tj ET Q q 0 0 0 rg BT 459.58 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.76 311.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 509.93 311.10 Td (itself ) Tj ET Q q 0 0 0 rg BT 532.89 311.10 Td (may ) Tj ET Q q 0 0 0 rg BT 553.07 311.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 299.10 Td (required ) Tj ET Q q 0 0 0 rg BT 102.92 299.10 Td (for ) Tj ET Q q 0 0 0 rg BT 116.69 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 132.13 299.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 167.02 299.10 Td (normal ) Tj ET Q q 0 0 0 rg BT 197.46 299.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 243.72 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.83 299.10 Td (For ) Tj ET Q q 0 0 0 rg BT 261.83 299.10 Td (further ) Tj ET Q q 0 0 0 rg BT 291.15 299.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 334.93 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.37 299.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.81 299.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 402.35 299.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 458.90 299.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.78 299.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 506.43 299.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 520.32 297.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.57 299.10 Td (, ) Tj ET Q q 0 0 0 rg BT 528.18 299.10 Td (see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.06 299.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 287.10 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.50 287.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 82.50 287.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 140.00 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.50 287.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.71 287.10 Td (, ) Tj ET Q q 0 0 0 rg BT 219.71 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 229.99 287.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.71 287.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 299.98 287.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 339.69 287.10 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 263.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 119.92 263.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 164.54 263.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 206.40 263.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 247.68 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.53 263.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 283.05 263.10 Td (value ) Tj ET Q q 0 0 0 rg BT 309.34 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 322.31 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 340.28 263.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 390.47 263.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 438.98 263.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 481.93 263.10 Td (as ) Tj ET Q q 0 0 0 rg BT 494.90 263.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 536.76 263.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.17 263.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 251.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 123.20 251.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 158.33 251.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 187.37 251.10 Td (as ) Tj ET Q q 0 0 0 rg BT 198.63 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.89 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 253.91 251.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 269.34 251.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 294.77 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.48 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.96 251.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 351.66 251.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 395.69 251.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 432.50 251.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.76 251.10 Td (our ) Tj ET Q q 0 0 0 rg BT 460.02 251.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 502.93 251.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 550.31 251.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 239.10 Td (unknown ) Tj ET Q q 0 0 0 rg BT 107.84 239.10 Td (because ) Tj ET Q q 0 0 0 rg BT 142.60 239.10 Td (they ) Tj ET Q q 0 0 0 rg BT 162.93 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 178.26 239.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 209.70 239.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.59 239.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 266.48 239.10 Td (market ) Tj ET Q q 0 0 0 rg BT 297.37 239.10 Td (fluctuations. ) Tj ET Q q 0 0 0 rg BT 350.19 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.31 239.10 Td (See ) Tj ET Q q 0 0 0 rg BT 370.87 239.10 Td (further ) Tj ET Q q 0 0 0 rg BT 401.19 239.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 445.98 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 457.42 239.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.87 239.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 522.54 239.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 227.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 105.32 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.49 227.10 Td (their ) Tj ET Q q 0 0 0 rg BT 141.54 227.10 Td (market ) Tj ET Q q 0 0 0 rg BT 171.03 227.10 Td (price ) Tj ET Q q 0 0 0 rg BT 192.74 227.10 Td (sensitivities ) Tj ET Q q 0 0 0 rg BT 241.69 227.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 251.20 227.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 281.80 227.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 300.75 227.10 Td (Management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.68 227.10 Td (below ) Tj ET Q q 0 0 0 rg BT 380.85 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 390.35 227.10 Td (this ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 406.53 227.10 Td (Management) Tj ET Q q 0 0 0 rg BT 460.78 227.10 Td (s ) Tj ET Q q 0 0 0 rg BT 466.40 227.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 512.02 227.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.62 227.10 Td (Analysis ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.84 215.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 121.28 215.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 164.85 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.41 215.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 215.86 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.20 215.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.20 215.10 Td (, ) Tj ET Q q 0 0 0 rg BT 278.26 215.10 Td (and ) Tj ET Q q 0 0 0 rg BT 296.26 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 307.60 215.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 330.61 215.10 Td (8, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 341.67 215.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 391.34 215.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 437.10 215.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.55 215.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.61 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.95 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 215.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 203.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.21 203.10 Td (Statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 179.10 Td (Represents ) Tj ET Q q 0 0 0 rg BT 114.16 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.16 179.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.26 179.10 Td (future ) Tj ET Q q 0 0 0 rg BT 196.91 179.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 219.13 179.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 263.00 179.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 310.23 179.10 Td (on ) Tj ET Q q 0 0 0 rg BT 323.01 179.10 Td (an ) Tj ET Q q 0 0 0 rg BT 335.23 179.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 391.33 179.10 Td (basis.) Tj ET Q q 0 0 0 rg BT 418.65 179.10 Td (The ) Tj ET Q q 0 0 0 rg BT 436.98 179.10 Td (present ) Tj ET Q q 0 0 0 rg BT 468.64 179.10 Td (value ) Tj ET Q q 0 0 0 rg BT 493.07 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.18 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 179.10 Td (discounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 167.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 89.22 167.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 132.58 167.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 175.41 167.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.36 167.10 Td ($149.1 ) Tj ET Q q 0 0 0 rg BT 214.14 167.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.03 167.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.81 167.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.42 167.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 305.67 167.10 Td (under ) Tj ET Q q 0 0 0 rg BT 330.72 167.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 345.21 167.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 368.60 167.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 388.23 167.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 414.38 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.66 167.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 453.50 167.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 493.00 167.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.22 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 542.50 167.10 Td (topic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.90 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.19 155.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 133.79 155.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 183.52 155.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 226.03 155.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 253.54 155.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 306.60 155.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 319.18 155.10 Td (ASC\), ) Tj ET Q q 0 0 0 rg BT 351.98 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.48 155.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.22 155.10 Td (further ) Tj ET Q q 0 0 0 rg BT 409.50 155.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 450.90 155.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.75 155.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 484.26 155.10 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.26 155.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 494.83 155.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 519.01 155.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 538.63 155.10 Td (ement ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 143.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.73 143.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.73 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.00 143.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.72 143.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 200.00 143.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 239.71 143.10 Td (Statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 119.10 Td (Off-Balance ) Tj ET Q q 0 0 0 rg BT 122.29 119.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 148.06 119.10 Td (Arrangements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.21 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.35 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.25 119.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.89 119.10 Td (e ) Tj ET Q q 0 0 0 rg BT 234.46 119.10 Td (have ) Tj ET Q q 0 0 0 rg BT 256.47 119.10 Td (several ) Tj ET Q q 0 0 0 rg BT 287.92 119.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 328.82 119.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 355.83 119.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 389.51 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 400.42 119.10 Td (of) Tj ET Q q 0 0 0 rg BT 408.57 119.10 Td (fice ) Tj ET Q q 0 0 0 rg BT 426.69 119.10 Td (space ) Tj ET Q q 0 0 0 rg BT 452.03 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 469.60 119.10 Td (other ) Tj ET Q q 0 0 0 rg BT 493.28 119.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 520.30 119.10 Td (equipment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (leases.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (included ) Tj ET Q q 0 0 0 rg BT 86.93 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.70 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.91 713.10 Td (table ) Tj ET Q q 0 0 0 rg BT 135.33 713.10 Td (above ) Tj ET Q q 0 0 0 rg BT 162.20 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 172.97 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.18 713.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 215.61 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 230.26 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 252.13 713.10 Td (firm ) Tj ET Q q 0 0 0 rg BT 272.34 713.10 Td (contracts.For ) Tj ET Q q 0 0 0 rg BT 332.81 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 340.24 713.10 Td (further ) Tj ET Q q 0 0 0 rg BT 370.44 713.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 415.11 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.43 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.75 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 469.62 713.10 Td (development ) Tj ET Q q 0 0 0 rg BT 524.26 713.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 549.75 713.10 Td (see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 106.43 701.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 121.71 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.21 701.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 172.83 701.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 191.44 701.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 229.96 701.10 Td (es ) Tj ET Q q 0 0 0 rg BT 240.79 701.10 Td (\(Unaudited\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.67 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.17 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.45 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.17 701.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 372.44 701.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 412.15 701.10 Td (Statements.) 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677.10 Td (\(MSPC\), ) Tj ET Q q 0 0 0 rg BT 538.08 677.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 98.13 665.10 Td (included ) Tj ET Q q 0 0 0 rg BT 134.55 665.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 177.62 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.93 665.10 Td (of) Tj ET Q q 0 0 0 rg BT 201.08 665.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 223.05 665.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 268.33 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 289.75 665.10 Td (70% ) Tj ET Q q 0 0 0 rg BT 310.06 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.82 665.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 345.13 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.45 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.34 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.59 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.57 665.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 415.43 665.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 454.62 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.04 665.10 Td (lowering ) Tj ET Q q 0 0 0 rg BT 508.57 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.77 665.10 Td (base ) Tj ET Q q 0 0 0 rg BT 542.52 665.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.90 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.87 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.29 653.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 121.59 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.12 653.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 146.01 651.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.26 653.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.95 653.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 195.02 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.55 653.10 Td (which ) Tj ET Q q 0 0 0 rg BT 232.18 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.59 653.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 284.88 653.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 322.61 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.58 653.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 356.99 653.10 Td (during ) Tj ET Q q 0 0 0 rg BT 385.30 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.71 653.10 Td (first ) Tj ET Q q 0 0 0 rg BT 418.02 653.10 Td (half ) Tj ET Q q 0 0 0 rg BT 435.76 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.29 653.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 470.98 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.18 653.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 499.81 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.01 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 653.10 Td (amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 73.33 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.73 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.56 641.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 142.32 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.59 641.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 198.30 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.58 641.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 257.07 641.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 294.24 641.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.85 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.68 641.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 367.94 641.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 402.88 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.93 641.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 456.64 641.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 478.25 641.10 Td (related ) Tj ET Q q 0 0 0 rg BT 507.06 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.46 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.29 641.10 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 77.73 629.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.31 629.10 Td (MSPC ) Tj ET Q q 0 0 0 rg BT 117.57 629.10 Td (used ) Tj ET Q q 0 0 0 rg BT 137.47 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.82 629.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 183.94 629.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 197.83 627.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.08 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.66 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.01 629.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 246.35 629.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.42 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.88 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 260.52 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 266.53 629.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 304.20 629.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 322.99 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.34 629.10 Td (record ) Tj ET Q q 0 0 0 rg BT 359.45 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.47 629.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 393.69 629.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 415.25 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.82 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.61 629.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 472.72 629.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 494.84 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.74 629.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 617.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 71.63 617.10 Td (million ) Tj ET Q q 0 0 0 rg BT 103.02 617.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 125.52 617.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 148.01 617.10 Td (commencement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (FINANCIAL) Tj ET Q q 0 0 0 rg BT 105.62 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 108.12 593.10 Td (OVER) Tj ET Q q 0 0 0 rg BT 136.66 593.10 Td (VIEW) Tj ET Q q 0 0 0 rg BT 164.26 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 166.76 593.10 Td (OF) Tj ET Q q 0 0 0 rg BT 180.28 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.60 593.10 Td (TER) Tj ET Q q 0 0 0 rg BT 202.81 593.10 Td (TIAR) Tj ET Q q 0 0 0 rg BT 227.46 593.10 Td (Y) Tj ET Q q 0 0 0 rg BT 234.31 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 236.81 593.10 Td (OPERA) Tj ET Q q 0 0 0 rg BT 271.07 593.10 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (As ) Tj ET Q q 0 0 0 rg BT 80.48 569.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 120.68 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 130.32 569.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 150.51 569.10 Td (1, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 159.88 569.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 196.75 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.61 569.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 223.24 569.10 Td (operties ) Tj ET Q q 0 0 0 rg BT 257.33 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 264.19 569.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 278.84 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.70 569.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 328.69 569.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 346.67 569.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 393.54 569.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.40 569.10 Td (Enhanced ) Tj ET Q q 0 0 0 rg BT 442.25 569.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 456.90 569.10 Td (Recovery ) Tj ET Q q 0 0 0 rg BT 495.96 569.10 Td (Overview) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.27 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 536.14 569.10 Td (above, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.10 557.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 96.24 557.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 140.16 557.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 179.07 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 185.78 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 230.26 557.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 261.41 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.01 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.60 557.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 317.63 557.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 361.56 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.26 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 399.41 557.10 Td (become ) Tj ET Q q 0 0 0 rg BT 432.77 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.36 557.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 482.29 557.10 Td (strategic ) Tj ET Q q 0 0 0 rg BT 518.43 557.10 Td (focus. ) Tj ET Q q 0 0 0 rg BT 544.85 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 557.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (economics ) Tj ET Q q 0 0 0 rg BT 94.49 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.04 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.71 545.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 142.81 545.10 Td (field ) Tj ET Q q 0 0 0 rg BT 163.36 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.02 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.46 545.10 Td (related ) Tj ET Q q 0 0 0 rg BT 223.89 545.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 253.33 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 265.55 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 281.11 545.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 318.32 545.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 362.75 545.10 Td (dif) Tj ET Q q 0 0 0 rg BT 373.68 545.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 387.01 545.10 Td (from ) Tj ET Q q 0 0 0 rg BT 408.67 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 415.33 545.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 469.21 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 481.99 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.66 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 514.21 545.10 Td (play ) Tj ET Q q 0 0 0 rg BT 533.65 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.32 545.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (explained ) Tj ET Q q 0 0 0 rg BT 90.87 533.10 Td (further ) Tj ET Q q 0 0 0 rg BT 120.58 533.10 Td (below) Tj ET Q q 0 0 0 rg BT 144.37 533.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (While ) Tj ET Q q 0 0 0 rg BT 94.68 509.10 Td (it ) Tj ET Q q 0 0 0 rg BT 102.99 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 112.41 509.10 Td (dif) Tj ET Q q 0 0 0 rg BT 123.33 509.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 147.19 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.71 509.10 Td (accurately ) Tj ET Q q 0 0 0 rg BT 201.54 509.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 235.94 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 262.56 509.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 311.14 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 325.55 509.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 357.17 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.25 509.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 404.87 509.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 442.59 509.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 487.00 509.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 520.29 509.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 90.93 497.10 Td (production ) Tj ET Q q 0 0 0 rg BT 136.25 497.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 166.58 497.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 203.57 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 212.78 497.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 257.53 497.10 Td (return ) Tj ET Q q 0 0 0 rg BT 283.41 497.10 Td (metrics, ) Tj ET Q q 0 0 0 rg BT 317.34 497.10 Td (with ) Tj ET Q q 0 0 0 rg BT 337.11 497.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 376.87 497.10 Td (low ) Tj ET Q q 0 0 0 rg BT 393.87 497.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 413.36 497.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 453.14 497.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 477.34 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 489.90 497.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 515.77 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 529.97 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 539.19 497.10 Td (levels ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.46 485.10 Td (support ) Tj ET Q q 0 0 0 rg BT 98.43 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 112.62 485.10 Td (development ) Tj ET Q q 0 0 0 rg BT 166.24 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 176.54 485.10 Td (those ) Tj ET Q q 0 0 0 rg BT 199.62 485.10 Td (projects. ) Tj ET Q q 0 0 0 rg BT 235.74 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 237.57 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 246.21 485.10 Td (e ) Tj ET Q q 0 0 0 rg BT 252.61 485.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.46 485.10 Td (been ) Tj ET Q q 0 0 0 rg BT 294.31 485.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 340.71 485.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 371.55 485.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 384.08 485.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 426.03 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 439.66 485.10 Td (over ) Tj ET Q q 0 0 0 rg BT 459.40 485.10 Td (17 ) Tj ET Q q 0 0 0 rg BT 471.37 485.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 496.93 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.34 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 485.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 80.06 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 91.75 473.10 Td (such ) Tj ET Q q 0 0 0 rg BT 113.43 473.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 158.44 473.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.46 473.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 206.78 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 217.91 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 234.59 473.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 275.16 473.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.49 473.10 Td (statements. ) Tj ET Q q 0 0 0 rg BT 361.55 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.66 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 383.56 473.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 424.13 473.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.92 473.10 Td (highlights ) Tj ET Q q 0 0 0 rg BT 495.28 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.96 473.10 Td (observations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.32 461.10 Td (how ) Tj ET Q q 0 0 0 rg BT 110.04 461.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 141.41 461.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 185.56 461.10 Td (have ) Tj ET Q q 0 0 0 rg BT 206.94 461.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 246.09 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 261.92 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 299.40 461.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (Finding ) Tj ET Q q 0 0 0 rg BT 103.68 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.64 437.10 Td (Development ) Tj ET Q q 0 0 0 rg BT 181.57 437.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.41 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.24 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.87 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.51 437.10 Td (e ) Tj ET Q q 0 0 0 rg BT 228.78 437.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 267.71 437.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.63 437.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 328.35 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.63 437.10 Td (development ) Tj ET Q q 0 0 0 rg BT 400.11 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 422.94 437.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 466.88 437.10 Td (future ) Tj ET Q q 0 0 0 rg BT 493.59 437.10 Td (development ) Tj ET Q q 0 0 0 rg BT 548.07 437.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 106.31 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 129.25 425.10 Td (but ) Tj ET Q q 0 0 0 rg BT 144.96 425.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 187.33 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 201.22 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.47 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.41 425.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 242.56 425.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 299.36 425.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 328.95 425.10 Td (expenditures\) ) Tj ET Q q 0 0 0 rg BT 386.31 425.10 Td (over ) Tj ET Q q 0 0 0 rg BT 407.01 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.17 425.10 Td (life ) Tj ET Q q 0 0 0 rg BT 438.43 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.70 425.10 Td (each ) Tj ET Q q 0 0 0 rg BT 470.95 425.10 Td (field ) Tj ET Q q 0 0 0 rg BT 492.21 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 502.93 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 515.30 425.10 Td (competitive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.85 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.63 413.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 119.98 413.10 Td (average ) Tj ET Q q 0 0 0 rg BT 153.64 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 176.21 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 190.44 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 213.55 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.68 413.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 271.73 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.30 413.10 Td (See ) Tj ET Q q 0 0 0 rg BT 291.31 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.10 413.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 347.55 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.45 413.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 389.91 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 406.92 413.10 Td (development ) Tj ET Q q 0 0 0 rg BT 461.14 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 483.71 413.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.05 413.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 508.84 413.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 547.52 413.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 85.13 401.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 104.76 401.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 140.86 401.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.99 377.10 Td (iming ) Tj ET Q q 0 0 0 rg BT 101.23 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.35 377.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 146.81 377.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.64 377.10 Td () Tj ET Q q 0 0 0 rg BT 177.46 377.10 Td (There ) Tj ET Q q 0 0 0 rg BT 203.57 377.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.02 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.25 377.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.25 377.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 289.70 377.10 Td (between ) Tj ET Q q 0 0 0 rg BT 325.80 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.81 377.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 366.93 377.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 396.37 377.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 450.25 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 463.04 377.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 494.70 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 508.05 377.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 533.06 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 377.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.43 365.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.70 365.10 Td (increases.) Tj ET Q q 0 0 0 rg BT 175.66 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 184.30 365.10 Td (e ) Tj ET Q q 0 0 0 rg BT 190.67 365.10 Td (must ) Tj ET Q q 0 0 0 rg BT 212.06 365.10 Td (build ) Tj ET Q q 0 0 0 rg BT 234.55 365.10 Td (facilities, ) Tj ET Q q 0 0 0 rg BT 273.42 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.80 365.10 Td (often ) Tj ET Q q 0 0 0 rg BT 312.28 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 318.66 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 332.55 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.80 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.73 365.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 371.88 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.60 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.75 365.10 Td (field, ) Tj ET Q q 0 0 0 rg BT 418.52 365.10 Td (before ) Tj ET Q q 0 0 0 rg BT 445.99 365.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 459.88 363.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.13 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.07 365.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 500.89 365.10 Td (can ) Tj ET Q q 0 0 0 rg BT 516.71 365.10 Td (commence, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.62 353.10 Td (it ) Tj ET Q q 0 0 0 rg BT 72.86 353.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 103.43 353.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 125.65 353.10 Td (six ) Tj ET Q q 0 0 0 rg BT 139.00 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 148.46 353.10 Td (twelvemonths ) Tj ET Q q 0 0 0 rg BT 208.75 353.10 Td (before ) Tj ET Q q 0 0 0 rg BT 235.97 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.86 353.10 Td (field ) Tj ET Q q 0 0 0 rg BT 269.87 353.10 Td (responds ) Tj ET Q q 0 0 0 rg BT 307.10 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.56 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.46 353.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 367.13 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 377.14 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 391.04 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.29 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.97 353.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 415.69 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 427.93 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 472.94 353.10 Td (commences\).Further) Tj ET Q q 0 0 0 rg BT 560.01 353.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.63 341.10 Td (may ) Tj ET Q q 0 0 0 rg BT 83.31 341.10 Td (spend ) Tj ET Q q 0 0 0 rg BT 109.11 341.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 153.79 341.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 190.15 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.95 341.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 230.06 341.10 Td (before ) Tj ET Q q 0 0 0 rg BT 258.07 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 272.20 341.10 Td (can ) Tj ET Q q 0 0 0 rg BT 288.54 341.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 329.87 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 346.78 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 377.02 341.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.24 341.10 Td (from ) Tj ET Q q 0 0 0 rg BT 434.15 341.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 458.84 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 472.96 341.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 496.54 341.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 515.95 341.10 Td (even ) Tj ET Q q 0 0 0 rg BT 537.29 341.10 Td (after ) Tj ET Q q 0 0 0 rg BT 558.08 341.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (field ) Tj ET Q q 0 0 0 rg BT 70.33 329.10 Td (has ) Tj ET Q q 0 0 0 rg BT 86.16 329.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 116.42 329.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 154.18 329.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 198.89 329.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 235.28 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.11 329.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 288.60 329.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.75 329.10 Td (will ) Tj ET Q q 0 0 0 rg BT 335.81 329.10 Td (usually ) Tj ET Q q 0 0 0 rg BT 367.20 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 379.13 329.10 Td (required ) Tj ET Q q 0 0 0 rg BT 414.95 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.23 329.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 446.61 329.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 480.77 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.49 329.10 Td (field.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (Recognition ) Tj ET Q q 0 0 0 rg BT 120.98 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.68 305.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.05 305.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 164.42 305.10 Td (Reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.68 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.06 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.43 305.10 Td (In ) Tj ET Q q 0 0 0 rg BT 220.13 305.10 Td (order ) Tj ET Q q 0 0 0 rg BT 243.60 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.75 305.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 294.99 305.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 325.13 305.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 356.38 305.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 369.31 305.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 406.94 305.10 Td (we ) Tj ET Q q 0 0 0 rg BT 420.97 305.10 Td (must ) Tj ET Q q 0 0 0 rg BT 442.79 305.10 Td (either ) Tj ET Q q 0 0 0 rg BT 467.93 305.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 519.17 305.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 86.94 293.10 Td (from ) Tj ET Q q 0 0 0 rg BT 108.82 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.48 293.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 154.80 293.10 Td (process ) Tj ET Q q 0 0 0 rg BT 187.23 293.10 Td (or ) Tj ET Q q 0 0 0 rg BT 198.01 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.67 293.10 Td (field ) Tj ET Q q 0 0 0 rg BT 233.44 293.10 Td (must ) Tj ET Q q 0 0 0 rg BT 255.33 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 267.21 293.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 310.20 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 320.42 293.10 Td (an ) Tj ET Q q 0 0 0 rg BT 332.31 293.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 366.41 293.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 397.73 293.10 Td (flood. ) Tj ET Q q 0 0 0 rg BT 426.11 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 444.10 293.10 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 488.75 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.53 293.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.74 293.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.84 281.10 Td (we ) Tj ET Q q 0 0 0 rg BT 80.85 281.10 Td (can ) Tj ET Q q 0 0 0 rg BT 97.07 281.10 Td (book ) Tj ET Q q 0 0 0 rg BT 119.42 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.54 281.10 Td (any ) Tj ET Q q 0 0 0 rg BT 146.33 281.10 Td (given ) Tj ET Q q 0 0 0 rg BT 170.89 281.10 Td (year ) Tj ET Q q 0 0 0 rg BT 190.44 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.35 281.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 239.57 281.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.91 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.59 281.10 Td (progress ) Tj ET Q q 0 0 0 rg BT 303.82 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 323.94 281.10 Td (new ) Tj ET Q q 0 0 0 rg BT 342.95 281.10 Td (floods, ) Tj ET Q q 0 0 0 rg BT 372.80 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.36 281.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 415.82 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.49 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.06 281.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.73 281.10 Td (response ) Tj ET Q q 0 0 0 rg BT 524.07 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 545.85 281.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 77.42 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.79 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.93 269.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 163.38 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.63 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.89 269.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 225.48 269.10 Td (floods. ) Tj ET Q q 0 0 0 rg BT 255.90 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.61 269.10 Td (T) Tj ET Q q 0 0 0 rg BT 264.02 269.10 Td (ypically) Tj ET Q q 0 0 0 rg BT 295.59 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 301.01 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 308.38 269.10 Td (high ) Tj ET Q q 0 0 0 rg BT 329.08 269.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 375.30 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 386.56 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 269.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 439.62 269.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 475.30 269.10 Td (for ) Tj ET Q q 0 0 0 rg BT 489.88 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 497.25 269.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.04 269.10 Td (field ) Tj ET Q q 0 0 0 rg BT 550.29 269.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 95.86 257.10 Td (when ) Tj ET Q q 0 0 0 rg BT 120.02 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 126.96 257.10 Td (production ) Tj ET Q q 0 0 0 rg BT 172.79 257.10 Td (response ) Tj ET Q q 0 0 0 rg BT 210.28 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 219.45 257.10 Td (initially ) Tj ET Q q 0 0 0 rg BT 253.05 257.10 Td (observed, ) Tj ET Q q 0 0 0 rg BT 294.15 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.09 257.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 350.79 257.10 Td (only ) Tj ET Q q 0 0 0 rg BT 371.07 257.10 Td (modest ) Tj ET Q q 0 0 0 rg BT 402.46 257.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 437.17 257.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.87 257.10 Td (made ) Tj ET Q q 0 0 0 rg BT 476.03 257.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 513.78 257.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 233.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 77.87 233.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 118.01 233.10 Td (Rates.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.39 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.30 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.00 233.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.45 233.10 Td (production ) Tj ET Q q 0 0 0 rg BT 214.69 233.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 232.58 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 242.71 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 250.06 233.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 281.84 233.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 305.85 233.10 Td (can ) Tj ET Q q 0 0 0 rg BT 322.64 233.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 343.32 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 365.67 233.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 396.89 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.58 233.10 Td (quarter) Tj ET Q q 0 0 0 rg BT 435.49 233.10 Td (, ) Tj ET Q q 0 0 0 rg BT 440.90 233.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.14 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 459.49 233.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 491.27 233.10 Td (field) Tj ET Q q 0 0 0 rg BT 512.37 233.10 Td (s ) Tj ET Q q 0 0 0 rg BT 519.17 233.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.05 221.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 104.14 221.10 Td (rapidly ) Tj ET Q q 0 0 0 rg BT 134.80 221.10 Td (when ) Tj ET Q q 0 0 0 rg BT 158.79 221.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 182.23 221.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 216.23 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.34 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.89 221.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.78 219.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 262.87 221.10 Td (plateau ) Tj ET Q q 0 0 0 rg BT 294.07 221.10 Td (temporarily) Tj ET Q q 0 0 0 rg BT 340.07 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 344.91 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.68 221.10 Td (then ) Tj ET Q q 0 0 0 rg BT 381.23 221.10 Td (resume ) Tj ET Q q 0 0 0 rg BT 412.44 221.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 443.11 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 453.77 221.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 496.09 221.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 518.97 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.63 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 221.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.92 209.10 Td (developed.During ) Tj ET Q q 0 0 0 rg BT 145.05 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.71 209.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 184.79 209.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 209.11 209.10 Td (life ) Tj ET Q q 0 0 0 rg BT 225.65 209.10 Td (cycle, ) Tj ET Q q 0 0 0 rg BT 252.45 209.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 283.98 209.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 320.51 209.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.39 209.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 371.35 209.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.00 209.10 Td (time ) Tj ET Q q 0 0 0 rg BT 414.99 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.98 209.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 449.47 209.10 Td (which ) Tj ET Q q 0 0 0 rg BT 477.12 209.10 Td (occasionally ) Tj ET Q q 0 0 0 rg BT 530.31 209.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 93.03 197.10 Td (shutdowns ) Tj ET Q q 0 0 0 rg BT 138.25 197.10 Td (during ) Tj ET Q q 0 0 0 rg BT 166.79 197.10 Td (installation, ) Tj ET Q q 0 0 0 rg BT 216.16 197.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 248.58 197.10 Td (causing ) Tj ET Q q 0 0 0 rg BT 281.56 197.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 325.09 197.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 360.29 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 370.50 197.10 Td (production.) Tj ET Q q 0 0 0 rg BT 421.14 197.10 Td (W) Tj ET Q q 0 0 0 rg BT 429.78 197.10 Td (e ) Tj ET Q q 0 0 0 rg BT 436.65 197.10 Td (also ) Tj ET Q q 0 0 0 rg BT 455.20 197.10 Td (find ) Tj ET Q q 0 0 0 rg BT 473.74 197.10 Td (it ) Tj ET Q q 0 0 0 rg BT 481.73 197.10 Td (dif) Tj ET Q q 0 0 0 rg BT 492.66 197.10 Td (ficult ) Tj ET Q q 0 0 0 rg BT 516.19 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.41 197.10 Td (precisely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (predict ) Tj ET Q q 0 0 0 rg BT 80.45 185.10 Td (when ) Tj ET Q q 0 0 0 rg BT 105.29 185.10 Td (any ) Tj ET Q q 0 0 0 rg BT 122.92 185.10 Td (given ) Tj ET Q q 0 0 0 rg BT 148.32 185.10 Td (well ) Tj ET Q q 0 0 0 rg BT 168.72 185.10 Td (will ) Tj ET Q q 0 0 0 rg BT 187.46 185.10 Td (respond ) Tj ET Q q 0 0 0 rg BT 222.31 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.27 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.67 185.10 Td (injected ) Tj ET Q q 0 0 0 rg BT 283.51 185.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.40 183.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 306.33 185.10 Td (as ) Tj ET Q q 0 0 0 rg BT 317.85 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.25 185.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 347.14 183.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.39 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 353.58 185.10 Td (seldom ) Tj ET Q q 0 0 0 rg BT 385.65 185.10 Td (travels ) Tj ET Q q 0 0 0 rg BT 415.49 185.10 Td (through ) Tj ET Q q 0 0 0 rg BT 449.78 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.19 185.10 Td (rock ) Tj ET Q q 0 0 0 rg BT 486.14 185.10 Td (consistently ) Tj ET Q q 0 0 0 rg BT 537.10 185.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 185.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (heterogeneity ) Tj ET Q q 0 0 0 rg BT 107.37 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.25 173.10 Td (oil-bearing ) Tj ET Q q 0 0 0 rg BT 181.57 173.10 Td (formations.) Tj ET Q q 0 0 0 rg BT 232.22 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 241.25 173.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 255.26 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.92 173.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 306.57 173.10 Td (low ) Tj ET Q q 0 0 0 rg BT 325.01 173.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 339.02 173.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 368.84 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 385.62 173.10 Td (pace ) Tj ET Q q 0 0 0 rg BT 407.38 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.16 173.10 Td (development ) Tj ET Q q 0 0 0 rg BT 474.25 173.10 Td (has ) Tj ET Q q 0 0 0 rg BT 491.03 173.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 531.68 173.10 Td (slowed, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (thereby ) Tj ET Q q 0 0 0 rg BT 80.98 161.10 Td (leading ) Tj ET Q q 0 0 0 rg BT 111.92 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.19 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.13 161.10 Td (less ) Tj ET Q q 0 0 0 rg BT 143.63 161.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 185.12 161.10 Td (growth ) Tj ET Q q 0 0 0 rg BT 214.95 161.10 Td (pattern. ) Tj ET Q q 0 0 0 rg BT 246.71 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 248.10 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 256.74 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 262.67 161.10 Td (find ) Tj ET Q q 0 0 0 rg BT 280.28 161.10 Td (all ) Tj ET Q q 0 0 0 rg BT 291.77 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.60 161.10 Td (these ) Tj ET Q q 0 0 0 rg BT 323.65 161.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 372.36 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.63 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 392.57 161.10 Td (normal, ) Tj ET Q q 0 0 0 rg BT 424.89 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.83 161.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 479.53 161.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 507.12 161.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 519.17 161.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.16 149.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 97.53 149.10 Td (field ) Tj ET Q q 0 0 0 rg BT 118.35 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.63 149.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 163.88 149.10 Td (over ) Tj ET Q q 0 0 0 rg BT 184.15 149.10 Td (time ) Tj ET Q q 0 0 0 rg BT 204.43 149.10 Td (until ) Tj ET Q q 0 0 0 rg BT 225.26 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.98 149.10 Td (field ) Tj ET Q q 0 0 0 rg BT 260.80 149.10 Td (is ) Tj ET Q q 0 0 0 rg BT 269.97 149.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 291.36 149.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 337.45 149.10 Td (albeit ) Tj ET Q q 0 0 0 rg BT 362.17 149.10 Td (sometimes ) Tj ET Q q 0 0 0 rg BT 407.44 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.72 149.10 Td (inconsistent ) Tj ET Q q 0 0 0 rg BT 467.99 149.10 Td (patterns.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 113.43 125.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.27 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.31 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.21 125.10 Td (T) Tj ET Q q 0 0 0 rg BT 148.62 125.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 176.76 125.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 210.46 125.10 Td (may ) Tj ET Q q 0 0 0 rg BT 229.73 125.10 Td (be ) Tj ET Q q 0 0 0 rg BT 241.21 125.10 Td (more ) Tj ET Q q 0 0 0 rg BT 263.80 125.10 Td (expensive ) Tj ET Q q 0 0 0 rg BT 305.83 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.66 125.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 347.13 125.10 Td (than ) Tj ET Q q 0 0 0 rg BT 366.39 125.10 Td (traditional ) Tj ET Q q 0 0 0 rg BT 409.53 125.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 444.36 125.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 488.06 125.10 Td (because ) Tj ET Q q 0 0 0 rg BT 521.75 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 532.13 125.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.39 125.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 113.10 Td (injecting ) Tj ET Q q 0 0 0 rg BT 98.34 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.54 113.10 Td (recycling ) Tj ET Q q 0 0 0 rg BT 155.50 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.47 113.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 184.36 111.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 187.61 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.37 113.10 Td (\(primarily ) Tj ET Q q 0 0 0 rg BT 233.67 113.10 Td (due ) Tj ET Q q 0 0 0 rg BT 250.87 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.41 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.38 113.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 295.25 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.34 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 321.31 113.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 335.21 111.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.46 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.21 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.41 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.39 113.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 418.36 113.10 Td (ener) Tj ET Q q 0 0 0 rg BT 435.38 113.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 448.14 113.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 503.10 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.64 113.10 Td (re-compress ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.39 101.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.28 99.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.53 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.20 101.10 Td (back ) Tj ET Q q 0 0 0 rg BT 105.75 101.10 Td (into ) Tj ET Q q 0 0 0 rg BT 123.98 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 131.10 101.10 Td (near) Tj ET Q q 0 0 0 rg BT 148.10 101.10 Td (-liquid ) Tj ET Q q 0 0 0 rg BT 177.44 101.10 Td (state ) Tj ET Q q 0 0 0 rg BT 198.44 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 212.77 101.10 Td (re-injection ) Tj ET Q q 0 0 0 rg BT 261.54 101.10 Td (purposes\).) Tj ET Q q 0 0 0 rg BT 307.74 101.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.96 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 348.63 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.63 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 375.64 101.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 389.53 99.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.78 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.56 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.45 101.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 470.10 101.10 Td (required ) Tj ET Q q 0 0 0 rg BT 506.09 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.54 101.10 Td (recycle ) Tj ET Q q 0 0 0 rg BT 548.08 101.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 74.47 89.10 Td (this ) Tj ET Q q 0 0 0 rg BT 91.67 89.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.56 87.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.81 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.57 89.10 Td (comprise ) Tj ET Q q 0 0 0 rg BT 150.98 89.10 Td (over ) Tj ET Q q 0 0 0 rg BT 171.51 89.10 Td (half ) Tj ET Q q 0 0 0 rg BT 189.81 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.90 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.98 89.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 246.95 89.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 278.58 89.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 319.10 89.10 Td (expenses.Since ) Tj ET Q q 0 0 0 rg BT 387.67 89.10 Td (these ) Tj ET Q q 0 0 0 rg BT 410.97 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 433.73 89.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 454.26 89.10 Td (along ) Tj ET Q q 0 0 0 rg BT 479.23 89.10 Td (with ) Tj ET Q q 0 0 0 rg BT 499.76 89.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 548.07 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (commercial ) Tj ET Q q 0 0 0 rg BT 99.21 77.10 Td (electricity ) Tj ET Q q 0 0 0 rg BT 141.69 77.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 170.58 77.10 Td (they ) Tj ET Q q 0 0 0 rg BT 190.31 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 205.02 77.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 233.09 77.10 Td (variable ) Tj ET Q q 0 0 0 rg BT 267.80 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.75 77.10 Td (will ) Tj ET Q q 0 0 0 rg BT 302.82 77.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 338.08 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.37 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 355.32 77.10 Td (high-commodity-price ) Tj ET Q q 0 0 0 rg BT 447.80 77.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 500.85 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.80 77.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 554.72 77.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.49 65.10 Td (low-price ) Tj ET Q q 0 0 0 rg BT 97.36 65.10 Td (environment.Most ) Tj ET Q q 0 0 0 rg BT 178.52 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.41 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.29 65.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.19 63.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.43 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.99 65.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 265.31 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 287.86 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 302.63 65.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 341.27 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 351.60 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.49 65.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 398.92 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 412.03 65.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 436.80 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.79 65.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 491.32 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 502.21 65.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.75 65.10 Td (operating ) Tj ET Q endstream endobj 89 0 obj <> endobj 90 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.22 713.10 Td (\(following ) Tj ET Q q 0 0 0 rg BT 133.06 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.90 713.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 213.83 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.78 713.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 256.27 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 269.45 713.10 Td (production\) ) Tj ET Q q 0 0 0 rg BT 318.73 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 328.57 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.41 713.10 Td (time ) Tj ET Q q 0 0 0 rg BT 363.80 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.64 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 392.53 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.78 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.40 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 407.70 713.10 Td (injected. ) Tj ET Q q 0 0 0 rg BT 444.47 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 446.90 713.10 Td (These ) Tj ET Q q 0 0 0 rg BT 473.40 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 496.02 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 517.52 713.10 Td (historically ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 97.23 701.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 156.63 701.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 176.61 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.03 701.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 206.00 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.98 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 229.84 701.10 Td (total ) Tj ET Q q 0 0 0 rg BT 249.26 701.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 288.67 701.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 310.31 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 323.62 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.59 701.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 369.11 701.10 Td (operations.Since ) Tj ET Q q 0 0 0 rg BT 442.12 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 455.43 701.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 489.28 701.10 Td (all ) Tj ET Q q 0 0 0 rg BT 500.92 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.89 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 524.75 701.10 Td (operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.73 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.74 689.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 116.18 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.85 689.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 157.29 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 172.85 689.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.75 687.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.00 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.23 689.10 Td (\(following ) Tj ET Q q 0 0 0 rg BT 236.68 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.12 689.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 316.66 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.22 689.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 358.33 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 371.11 689.10 Td (production\), ) Tj ET Q q 0 0 0 rg BT 422.50 689.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 462.50 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 484.73 689.10 Td (per ) Tj ET Q q 0 0 0 rg BT 499.73 689.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 525.27 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 539.17 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.84 689.10 Td (new ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 73.11 677.10 Td (will ) Tj ET Q q 0 0 0 rg BT 91.17 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.10 677.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 131.15 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 140.87 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.58 677.10 Td (inception ) Tj ET Q q 0 0 0 rg BT 195.30 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.13 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.02 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.27 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.77 677.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 263.26 677.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 297.41 677.10 Td (because ) Tj ET Q q 0 0 0 rg BT 331.56 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.39 677.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 378.22 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 407.92 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 420.98 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 466.80 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 476.52 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 494.01 677.10 Td (time.) Tj ET Q endstream endobj 91 0 obj <> endobj 92 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (45) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (RESUL) Tj ET Q q 0 0 0 rg BT 81.93 713.25 Td (TS ) Tj ET Q q 0 0 0 rg BT 96.66 713.25 Td (OF) Tj ET Q q 0 0 0 rg BT 110.17 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.67 713.25 Td (OPERA) Tj ET Q q 0 0 0 rg BT 146.93 713.25 Td (TIONS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.99 689.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 123.75 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 129.16 689.25 Td (able) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td (Certain ) Tj ET Q q 0 0 0 rg BT 99.43 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 110.26 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 126.09 665.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.36 665.25 Td (results ) Tj ET Q q 0 0 0 rg BT 194.97 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 211.90 665.25 Td (statistics ) Tj ET Q q 0 0 0 rg BT 248.85 665.25 Td (for ) Tj ET Q q 0 0 0 rg BT 263.01 665.25 Td (each ) Tj ET Q q 0 0 0 rg BT 283.82 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 294.65 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.37 665.25 Td (last ) Tj ET Q q 0 0 0 rg BT 325.76 665.25 Td (three ) Tj ET Q q 0 0 0 rg BT 348.24 665.25 Td (years ) Tj ET Q q 0 0 0 rg BT 371.84 665.25 Td (are ) Tj ET Q q 0 0 0 rg BT 386.55 665.25 Td (included ) Tj ET Q q 0 0 0 rg BT 423.48 665.25 Td (in ) Tj ET Q q 0 0 0 rg BT 433.76 665.25 Td (the ) Tj ET Q q 0 0 0 rg BT 448.48 665.25 Td (following ) Tj ET Q q 0 0 0 rg BT 489.86 665.25 Td (table.) 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/GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 570.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 570.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 570.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 542.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 542.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 542.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 514.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 514.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 514.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 486.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 486.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 486.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 458.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 458.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 458.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 430.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 430.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 430.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 402.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 402.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 402.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 374.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 374.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 374.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 346.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 346.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 346.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 318.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 318.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 318.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 290.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 290.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 290.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 262.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 262.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 262.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 234.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 234.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 234.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 206.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 206.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 206.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 178.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 178.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 178.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 150.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 150.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 150.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 150.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 150.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 122.75 305.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 122.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 122.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 122.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 122.75 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 122.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 122.75 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 640.75 m 423.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 640.75 m 427.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 640.75 m 492.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 640.75 m 496.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.75 m 561.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 626.75 m 354.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 640.75 m 423.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 626.75 m 423.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 640.75 m 492.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 626.75 m 492.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.75 m 561.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 626.75 m 561.5 626.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 444.75 m 423.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 444.75 m 492.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 444.75 m 561.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 444.75 m 423.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 431.75 m 423.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 429.75 m 423.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 444.75 m 492.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 431.75 m 492.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 429.75 m 492.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 444.75 m 561.5 444.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 431.75 m 561.5 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 429.75 m 561.5 429.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 388.75 m 423.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 388.75 m 492.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 388.75 m 561.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 388.75 m 423.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 375.75 m 423.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 373.75 m 423.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 388.75 m 492.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 375.75 m 492.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 373.75 m 492.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 388.75 m 561.5 388.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 375.75 m 561.5 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 373.75 m 561.5 373.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 122.75 m 423.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 122.75 m 492.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 122.75 m 561.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 122.75 m 423.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 109.75 m 423.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 107.75 m 423.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 122.75 m 492.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 109.75 m 492.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 107.75 m 492.5 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 122.75 m 561.5 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 109.75 m 561.5 109.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 107.75 m 561.5 107.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 645.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 412.20 645.21 Td (Year Ended December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.00 631.20 Td (In thousands, except per share and unit data) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.50 631.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.50 631.21 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 519.50 631.21 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 617.20 Td (Operating results) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.50 617.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 617.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 617.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 603.21 Td (Net income \(loss\) ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 130.23 607.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.75 603.21 Td (\(976,177) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 603.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 450.00 603.21 Td (\(4,385,448) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 603.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 603.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 603.21 Td (635,491) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 589.21 Td (Net income \(loss\) per common share basic ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 226.45 593.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 589.21 Td (\(2.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 589.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 589.21 Td (\(12.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 589.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 589.21 Td (1.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 575.21 Td (Net income \(loss\) per common share diluted ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 232.96 579.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 401.25 575.21 Td (\(2.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 575.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 575.21 Td (\(12.57) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 575.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 575.21 Td (1.81) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 561.21 Td (Dividends declared per common share ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 204.70 565.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 561.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 561.21 Td (0.1875) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 561.21 Td (0.25) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 547.21 Td (Net cash provided by operating activities) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 547.21 Td (219,223) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 547.21 Td (864,304) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 547.21 Td (1,222,825) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 533.20 Td (Average daily production volumes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 533.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 533.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 519.21 Td (Bbls/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 519.21 Td (61,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 519.21 Td (69,165) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 519.21 Td (70,606) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 505.21 Td (Mcf/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 505.21 Td (15,378) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 505.21 Td (22,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 505.21 Td (22,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 491.21 Td (BOE/d) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 491.21 Td (64,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 491.21 Td (72,861) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 491.21 Td (74,432) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 477.20 Td (Operating revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 477.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 477.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 477.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 463.21 Td (Oil sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 463.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 463.21 Td (924,618) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 463.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 463.21 Td (1,194,038) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 463.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 463.21 Td (2,338,367) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 449.21 Td (Natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 449.21 Td (11,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 449.21 Td (18,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 449.21 Td (34,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 435.21 Td (Total oil and natural gas sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 435.21 Td (935,751) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 453.00 435.21 Td (1,213,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 435.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 522.00 435.21 Td (2,372,473) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 421.20 Td (Commodity derivative contracts) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 175.97 421.20 Td ( ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 178.22 425.28 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 421.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 421.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 421.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 407.21 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 407.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 407.21 Td (84,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 407.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 407.21 Td (511,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 407.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 407.21 Td (1,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 393.21 Td (Noncash fair value gains \(losses\) on commodity derivatives ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 281.45 397.29 Td (\(4\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.75 393.21 Td (\(212,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 393.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 456.75 393.21 Td (\(363,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 393.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 393.21 Td (553,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 379.21 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 379.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.75 379.21 Td (\(127,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 379.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 379.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 379.21 Td (147,999) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 379.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 379.21 Td (555,255) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 365.20 Td (Unit prices ) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 96.49 365.20 Td () Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 100.99 365.20 Td ( excluding impact of derivative settlements) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 365.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 351.21 Td (Oil price per Bbl) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 351.21 Td (41.12) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 351.21 Td (47.30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 351.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 351.21 Td (90.74) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 337.21 Td (Natural gas price per Mcf) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 337.21 Td (1.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 337.21 Td (2.35) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 337.21 Td (4.07) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 323.20 Td (Unit prices including impact of derivative settlements ) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 265.97 327.28 Td (\(3\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 323.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 323.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 309.21 Td (Oil price per Bbl) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 309.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 309.21 Td (44.86) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 309.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 309.21 Td (67.41) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 309.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 309.21 Td (90.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 295.21 Td (Natural gas price per Mcf) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 295.21 Td (1.98) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 295.21 Td (2.83) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 295.21 Td (3.99) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 281.20 Td (Oil and natural gas operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 281.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 281.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 267.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 267.21 Td (414,937) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 459.75 267.21 Td (515,043) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 267.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 267.21 Td (647,559) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 253.21 Td (Marketing expenses, net of third-party purchases, and plant operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 253.21 Td (45,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 253.21 Td (48,319) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 253.21 Td (47,965) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 239.21 Td (Production and ad valorem taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 239.21 Td (68,878) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 239.21 Td (95,687) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 239.21 Td (155,495) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 225.20 Td (Oil and natural gas operating revenues and expenses per BOE) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 225.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 225.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 211.21 Td (Oil and natural gas revenues) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 211.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 211.21 Td (39.95) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 211.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 211.21 Td (45.61) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 211.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 211.21 Td (87.33) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 197.21 Td (Lease operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 197.21 Td (17.71) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 468.75 197.21 Td (19.37) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 197.21 Td (23.84) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 183.21 Td (Marketing expenses, net of third-party purchases, and plant operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 183.21 Td (1.92) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 183.21 Td (1.82) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 183.21 Td (1.76) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 169.21 Td (Production and ad valorem taxes) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 404.25 169.21 Td (2.94) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 473.25 169.21 Td (3.60) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 542.25 169.21 Td (5.72) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.00 155.20 Td (CO) Tj ET Q BT /F2 9.00 Tf ET BT /F2 5.85 Tf ET q 0 0 0 rg BT 65.50 153.92 Td (2) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 68.42 155.20 Td ( sour) Tj ET Q q 0 0 0 rg BT 87.51 155.20 Td (ces r) Tj ET Q q 0 0 0 rg BT 111.84 155.20 Td (evenues and expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 155.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.50 155.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 141.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 76.50 139.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.43 141.21 Td ( sales and transportation fees) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 141.21 Td (24,816) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 141.21 Td (30,626) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 141.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 141.21 Td (44,643) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.00 127.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 76.50 125.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 79.43 127.21 Td ( discovery and operating expenses) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 396.75 127.21 Td (\(3,374) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 127.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.75 127.21 Td (\(4,557) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.00 127.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 127.21 Td (\(25,222) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 127.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 76.00 113.21 Td (CO) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 88.50 111.92 Td (2) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 91.43 113.21 Td ( revenue and expenses, net) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 361.00 113.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 113.21 Td (21,442) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 430.00 113.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 464.25 113.21 Td (26,069) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 499.00 113.21 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 113.21 Td (19,421) Tj ET Q BT /F1 10.00 Tf ET BT /F1 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Tj ET Q q 0 0 0 rg BT 461.62 82.25 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.73 82.25 Td ( ) Tj ET Q q 0 0 0 rg BT 490.18 82.25 Td (for ) Tj ET Q q 0 0 0 rg BT 504.30 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.97 82.25 Td (year ) Tj ET Q q 0 0 0 rg BT 538.63 82.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 70.25 Td (December ) Tj ET Q q 0 0 0 rg BT 111.01 70.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 125.94 70.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 150.87 70.25 Td (and ) Tj ET Q q 0 0 0 rg BT 167.74 70.25 Td (an ) Tj ET Q q 0 0 0 rg BT 179.61 70.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 226.99 70.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 278.84 70.25 Td (char) Tj ET Q q 0 0 0 rg BT 295.87 70.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 307.73 70.25 Td (of ) Tj ET Q q 0 0 0 rg BT 318.49 70.25 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 348.42 70.25 Td (million ) Tj ET Q q 0 0 0 rg BT 379.74 70.25 Td (for ) Tj ET Q q 0 0 0 rg BT 393.83 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 408.48 70.25 Td (year ) Tj ET Q q 0 0 0 rg BT 428.12 70.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 454.42 70.25 Td (December ) Tj ET Q q 0 0 0 rg BT 497.93 70.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 512.86 70.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 535.29 70.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 58.25 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 92.50 58.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 116.66 58.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 143.05 58.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 158.88 58.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 204.15 58.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 234.97 58.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.90 58.25 Td (related ) Tj ET Q q 0 0 0 rg BT 281.61 58.25 Td (assets.) Tj ET Q endstream endobj 93 0 obj <> endobj 94 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.16 713.10 Td (September ) Tj ET Q q 0 0 0 rg BT 123.25 713.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 148.07 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.17 713.10 Td (light ) Tj ET Q q 0 0 0 rg BT 178.84 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.49 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.03 713.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 249.13 713.10 Td (low ) Tj ET Q q 0 0 0 rg BT 266.46 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 279.34 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 301.65 713.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 354.52 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.28 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 386.94 713.10 Td (desire ) Tj ET Q q 0 0 0 rg BT 413.14 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 423.25 713.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 460.56 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.22 713.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.52 713.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 548.07 713.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (flexibility) Tj ET Q q 0 0 0 rg BT 106.29 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 111.29 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.01 701.10 Td (Company) Tj ET Q q 0 0 0 rg BT 167.67 701.10 Td (s ) Tj ET Q q 0 0 0 rg BT 174.06 701.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 201.00 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.83 701.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 251.54 701.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 295.70 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 311.53 701.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 350.12 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 370.39 701.10 Td (dividend.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 686.10 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 686.10 Td (See ) Tj ET Q q 0 0 0 rg BT 84.61 686.10 Td (also ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 103.38 686.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 152.16 686.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 197.03 686.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 236.48 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.14 686.10 Td (below ) Tj ET Q q 0 0 0 rg BT 266.25 686.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 283.35 686.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 314.90 686.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 334.78 686.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 386.99 686.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.66 686.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.99 686.10 Td (information ) Tj ET Q q 0 0 0 rg BT 453.87 686.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 500.96 686.10 Td (our ) Tj ET Q q 0 0 0 rg BT 516.95 686.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 674.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 109.98 674.10 Td (transactions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 659.10 Td (\(4\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 659.10 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 106.04 659.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 123.46 659.10 Td (value ) Tj ET Q q 0 0 0 rg BT 148.67 659.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 173.33 659.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 207.43 659.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.98 659.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 270.08 659.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 317.50 659.10 Td (is ) Tj ET Q q 0 0 0 rg BT 327.72 659.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.70 659.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 380.89 659.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.44 659.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 421.30 659.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.29 659.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.51 659.10 Td (dif) Tj ET Q q 0 0 0 rg BT 460.44 659.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 487.30 659.10 Td (from ) Tj ET Q q 0 0 0 rg BT 510.29 659.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.73 659.10 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 647.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 113.99 647.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 148.82 647.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.92 647.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.98 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.38 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.22 647.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 272.61 647.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 319.12 647.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.07 647.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 376.57 647.10 Td (in ) Tj ET Q q 0 0 0 rg BT 386.97 647.10 Td (that ) Tj ET Q q 0 0 0 rg BT 404.58 647.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.42 647.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 454.81 647.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 471.31 647.10 Td (value ) Tj ET Q q 0 0 0 rg BT 495.59 647.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.32 647.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 552.50 647.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 635.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 116.19 635.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 163.20 635.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 202.98 635.10 Td (only ) Tj ET Q q 0 0 0 rg BT 223.89 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.25 635.10 Td (net ) Tj ET Q q 0 0 0 rg BT 254.60 635.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 289.94 635.10 Td (between ) Tj ET Q q 0 0 0 rg BT 326.39 635.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 358.97 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 370.43 635.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.79 635.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.80 635.10 Td (market ) Tj ET Q q 0 0 0 rg BT 433.70 635.10 Td (values ) Tj ET Q q 0 0 0 rg BT 462.38 635.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.85 635.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 522.54 635.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 623.10 Td (positions, ) Tj ET Q q 0 0 0 rg BT 107.43 623.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.19 623.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 155.60 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.13 623.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 197.65 623.10 Td (of ) Tj ET Q q 0 0 0 rg BT 207.30 623.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 253.60 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 264.92 623.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 311.79 623.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 356.97 623.10 Td (during ) Tj ET Q q 0 0 0 rg BT 384.40 623.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.93 623.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 427.29 623.10 Td (which ) Tj ET Q q 0 0 0 rg BT 453.04 623.10 Td (were ) Tj ET Q q 0 0 0 rg BT 473.79 623.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 506.20 623.10 Td (on ) Tj ET Q q 0 0 0 rg BT 517.51 623.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 611.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.38 611.10 Td ($84.2 ) Tj ET Q q 0 0 0 rg BT 103.43 611.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.32 611.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.37 611.10 Td ($51) Tj ET Q q 0 0 0 rg BT 152.00 611.10 Td (1.7 ) Tj ET Q q 0 0 0 rg BT 167.05 611.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.94 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.49 611.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.48 611.10 Td ($1.4 ) Tj ET Q q 0 0 0 rg BT 235.53 611.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.42 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.97 611.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.19 611.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.95 611.10 Td (years ) Tj ET Q q 0 0 0 rg BT 319.60 611.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 346.03 611.10 Td (December ) Tj ET Q q 0 0 0 rg BT 389.66 611.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.71 611.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.71 611.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.76 611.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.76 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.31 611.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.30 611.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.30 611.10 Td (, ) Tj ET Q q 0 0 0 rg BT 494.35 611.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 542.01 611.10 Td (. ) Tj ET Q q 0 0 0 rg BT 547.06 611.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.43 611.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.07 611.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 599.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 99.02 599.10 Td (that ) Tj ET Q q 0 0 0 rg BT 116.66 599.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 152.08 599.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 168.60 599.10 Td (value ) Tj ET Q q 0 0 0 rg BT 192.90 599.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 216.66 599.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 249.85 599.10 Td (on ) Tj ET Q q 0 0 0 rg BT 262.50 599.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 310.70 599.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 357.22 599.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.53 599.10 Td (a ) Tj ET Q q 0 0 0 rg BT 373.62 599.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 400.70 599.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 456.67 599.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 499.86 599.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.29 599.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.73 599.10 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 587.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 113.37 587.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 147.58 587.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.68 587.10 Td ( ) Tj ET Q q 0 0 0 rg BT 190.12 587.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.90 587.10 Td (order ) Tj ET Q q 0 0 0 rg BT 223.00 587.10 Td (to ) Tj ET Q q 0 0 0 rg BT 232.78 587.10 Td (dif) Tj ET Q q 0 0 0 rg BT 243.71 587.10 Td (ferentiate ) Tj ET Q q 0 0 0 rg BT 283.46 587.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 318.23 587.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 334.11 587.10 Td (market ) Tj ET Q q 0 0 0 rg BT 363.87 587.10 Td (value ) Tj ET Q q 0 0 0 rg BT 387.53 587.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 437.30 587.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.75 587.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 491.84 587.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.17 587.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 542.50 587.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 575.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 114.58 575.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.67 575.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 174.31 575.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 220.27 575.10 Td (during ) Tj ET Q q 0 0 0 rg BT 248.47 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.78 575.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 292.92 575.10 Td ( ) Tj ET Q q 0 0 0 rg BT 294.85 575.10 Td (This ) Tj ET Q q 0 0 0 rg BT 314.72 575.10 Td (supplemental ) Tj ET Q q 0 0 0 rg BT 370.13 575.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 412.77 575.10 Td (is ) Tj ET Q q 0 0 0 rg BT 421.53 575.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 450.84 575.10 Td (used ) Tj ET Q q 0 0 0 rg BT 471.26 575.10 Td (within ) Tj ET Q q 0 0 0 rg BT 498.90 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.21 575.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 548.08 575.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 563.10 Td (by ) Tj ET Q q 0 0 0 rg BT 80.12 563.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 120.50 563.10 Td (analysts, ) Tj ET Q q 0 0 0 rg BT 157.83 563.10 Td (banks ) Tj ET Q q 0 0 0 rg BT 183.78 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.83 563.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 226.21 563.10 Td (rating ) Tj ET Q q 0 0 0 rg BT 252.15 563.10 Td (agencies ) Tj ET Q q 0 0 0 rg BT 289.19 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 299.59 563.10 Td (calculating ) Tj ET Q q 0 0 0 rg BT 346.07 563.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 382.18 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.79 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.85 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.24 563.10 Td (adjusting ) Tj ET Q q 0 0 0 rg BT 451.52 563.10 Td (net ) Tj ET Q q 0 0 0 rg BT 466.36 563.10 Td (income ) Tj ET Q q 0 0 0 rg BT 498.41 563.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 523.25 563.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.64 563.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 551.10 Td (those ) Tj ET Q q 0 0 0 rg BT 90.22 551.10 Td (measures ) Tj ET Q q 0 0 0 rg BT 129.05 551.10 Td (on ) Tj ET Q q 0 0 0 rg BT 140.66 551.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.72 551.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 197.75 551.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 219.37 551.10 Td (across ) Tj ET Q q 0 0 0 rg BT 245.98 551.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 292.86 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.80 551.10 Td (well ) Tj ET Q q 0 0 0 rg BT 321.64 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 331.58 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 340.98 551.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 367.04 551.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 414.74 551.10 Td (with ) Tj ET Q q 0 0 0 rg BT 434.14 551.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 462.95 551.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 481.79 551.10 Td (covenants. ) Tj ET Q q 0 0 0 rg BT 525.89 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.50 551.10 Td (Noncash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 539.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 83.96 539.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.20 539.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 131.90 539.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 165.03 539.10 Td (on ) Tj ET Q q 0 0 0 rg BT 177.62 539.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 225.76 539.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 272.21 539.10 Td (is ) Tj ET Q q 0 0 0 rg BT 281.47 539.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.83 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.86 539.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 339.76 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 350.67 539.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 388.24 539.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.16 539.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 439.50 539.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 492.61 539.10 Td (under ) Tj ET Q q 0 0 0 rg BT 517.97 539.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 544.08 539.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.17 539.10 Td (nor ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 527.10 Td (should ) Tj ET Q q 0 0 0 rg BT 97.41 527.10 Td (it ) Tj ET Q q 0 0 0 rg BT 106.21 527.10 Td (be ) Tj ET Q q 0 0 0 rg BT 118.89 527.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 165.45 527.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.47 527.10 Td (isolation ) Tj ET Q q 0 0 0 rg BT 214.16 527.10 Td (or ) Tj ET Q q 0 0 0 rg BT 225.73 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 237.30 527.10 Td (a ) Tj ET Q q 0 0 0 rg BT 244.98 527.10 Td (substitute ) Tj ET Q q 0 0 0 rg BT 286.56 527.10 Td (for ) Tj ET Q q 0 0 0 rg BT 301.46 527.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.90 527.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 356.92 527.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 404.04 527.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 439.49 527.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.58 527.10 Td ( ) Tj 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[] 0 d 0 J 0 j 3 M 255 664.75 m 305 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 650.75 m 305 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 664.75 m 355 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 650.75 m 355 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 664.75 m 405 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 650.75 m 405 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 664.75 m 409 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 664.75 m 413 664.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 650.75 m 463 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 650.75 m 513 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 650.75 m 563 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 627.75 m 201 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 627.75 m 255 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 627.75 m 305 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 627.75 m 355 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 627.75 m 405 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 650.75 m 409 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 650.75 m 463 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 627.75 m 463 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 650.75 m 513 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 627.75 m 513 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 650.75 m 563 650.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 627.75 m 563 627.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 627.75 m 409 613.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 613.75 m 409 599.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 599.75 m 409 585.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 585.75 m 409 571.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 571.75 m 409 557.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 557.75 m 409 543.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 543.75 m 409 529.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 515.75 m 255 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 515.75 m 305 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 515.75 m 355 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 515.75 m 405 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 529.75 m 409 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 515.75 m 463 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 515.75 m 513 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 515.75 m 563 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 515.75 m 255 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 501.75 m 255 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 515.75 m 305 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 501.75 m 305 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 515.75 m 355 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 501.75 m 355 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 515.75 m 405 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 501.75 m 405 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 515.75 m 409 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 515.75 m 463 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 501.75 m 463 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 515.75 m 513 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 501.75 m 513 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 515.75 m 563 515.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 501.75 m 563 501.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 501.75 m 409 487.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 473.75 m 255 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 473.75 m 305 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 473.75 m 355 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 473.75 m 405 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 487.75 m 409 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 473.75 m 463 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 473.75 m 513 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 473.75 m 563 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 473.75 m 255 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 473.75 m 305 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 459.75 m 305 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 473.75 m 355 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 459.75 m 355 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 473.75 m 405 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 459.75 m 405 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 473.75 m 409 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 473.75 m 463 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 459.75 m 463 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 473.75 m 513 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 459.75 m 513 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 473.75 m 563 473.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 459.75 m 563 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 459.75 m 255 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 445.75 m 255 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 459.75 m 305 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 445.75 m 305 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 459.75 m 355 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 445.75 m 355 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 459.75 m 405 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 445.75 m 405 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 459.75 m 409 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 459.75 m 463 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 445.75 m 463 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 459.75 m 513 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 445.75 m 513 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 459.75 m 563 459.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 445.75 m 563 445.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 445.75 m 409 431.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 431.75 m 409 417.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 417.75 m 409 403.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 403.75 m 409 389.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 375.75 m 255 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 375.75 m 305 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 375.75 m 355 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 375.75 m 405 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 389.75 m 409 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 375.75 m 463 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 375.75 m 513 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 375.75 m 563 375.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 361.75 m 255 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 361.75 m 305 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 361.75 m 355 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 361.75 m 405 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 375.75 m 409 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 361.75 m 463 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 361.75 m 513 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 361.75 m 563 361.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 361.75 m 409 347.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 347.75 m 409 333.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 333.75 m 409 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 319.75 m 255 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 305.75 m 255 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 319.75 m 305 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 305.75 m 305 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 319.75 m 355 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 305.75 m 355 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 319.75 m 405 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 305.75 m 405 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 319.75 m 409 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 319.75 m 463 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 305.75 m 463 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 319.75 m 513 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 305.75 m 513 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 319.75 m 563 319.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 305.75 m 563 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 291.75 m 255 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 305.75 m 305 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 291.75 m 305 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 305.75 m 355 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 291.75 m 355 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 305.75 m 405 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 291.75 m 405 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 305.75 m 409 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 305.75 m 463 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 291.75 m 463 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 305.75 m 513 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 291.75 m 513 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 305.75 m 563 305.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 291.75 m 563 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 277.75 m 255 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 291.75 m 305 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 277.75 m 305 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 291.75 m 355 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 277.75 m 355 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 291.75 m 405 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 277.75 m 405 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 291.75 m 409 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 291.75 m 463 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 277.75 m 463 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 291.75 m 513 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 277.75 m 513 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 291.75 m 563 291.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 277.75 m 563 277.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 277.75 m 409 263.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 263.75 m 409 249.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 235.75 m 255 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 235.75 m 305 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 235.75 m 355 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 235.75 m 405 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 249.75 m 409 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 235.75 m 463 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 235.75 m 513 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 235.75 m 563 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 235.75 m 255 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 222.75 m 255 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 205 220.75 m 255 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 235.75 m 305 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 222.75 m 305 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 255 220.75 m 305 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 235.75 m 355 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 222.75 m 355 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 305 220.75 m 355 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 235.75 m 405 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 222.75 m 405 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 355 220.75 m 405 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 409 235.75 m 409 221.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 235.75 m 463 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 222.75 m 463 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 413 220.75 m 463 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 235.75 m 513 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 222.75 m 513 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 463 220.75 m 513 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 235.75 m 563 235.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 222.75 m 563 222.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 220.75 m 563 220.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 669.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.95 669.21 Td (Average Daily Production \(BOE/d\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 655.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 278.85 655.21 Td (2016 Quarters) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 440.20 655.21 Td (Year Ended December 31,) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 632.20 Td (Operating Area) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 221.20 641.21 Td (First) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 215.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 266.25 641.21 Td (Second) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 265.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.50 641.21 Td (Third) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.45 641.21 Td (Fourth) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.75 632.21 Td (Quarter) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.50 632.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 478.50 632.21 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.50 632.21 Td (2014) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 618.20 Td (Tertiary oil production) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 604.20 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 590.21 Td (Mature properties ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 124.98 594.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 590.21 Td (9,666) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 590.21 Td (9,415) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 590.21 Td (8,653) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 590.21 Td (8,440) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 590.21 Td (9,040) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 590.21 Td (10,830) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 590.21 Td (11,817) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 576.21 Td (Delhi ) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 576.21 Td (3,971) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 576.21 Td (3,996) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 576.21 Td (4,262) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 576.21 Td (4,387) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 576.21 Td (4,155) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 576.21 Td (3,688) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 576.21 Td (4,340) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 562.21 Td (Hastings) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 562.21 Td (5,068) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 562.21 Td (4,972) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 562.21 Td (4,729) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 562.21 Td (4,552) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 562.21 Td (4,829) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 562.21 Td (5,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 562.21 Td (4,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 548.21 Td (Heidelberg) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 548.21 Td (5,346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 548.21 Td (5,246) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 548.21 Td (5,000) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 548.21 Td (4,924) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 548.21 Td (5,128) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 548.21 Td (5,785) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 548.21 Td (5,707) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 534.21 Td (Oyster Bayou) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 534.21 Td (5,494) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 534.21 Td (5,088) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 534.21 Td (4,767) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 534.21 Td (4,988) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 534.21 Td (5,083) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 534.21 Td (5,898) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 534.21 Td (4,683) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 520.21 Td (Tinsley) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 520.21 Td (7,899) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 520.21 Td (7,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 520.21 Td (6,756) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 520.21 Td (6,786) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 520.21 Td (7,192) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 520.21 Td (8,119) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 520.21 Td (8,507) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 506.21 Td (Total Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 506.21 Td (37,444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 506.21 Td (36,052) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 506.21 Td (34,167) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 506.21 Td (34,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 506.21 Td (35,427) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 506.21 Td (39,381) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 506.21 Td (39,831) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 492.20 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 478.21 Td (Bell Creek) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 478.21 Td (3,020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 478.21 Td (3,160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 478.21 Td (3,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 478.21 Td (3,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 478.21 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 478.21 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 478.21 Td (1,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 464.21 Td (Total Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 464.21 Td (3,020) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 464.21 Td (3,160) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 464.21 Td (3,032) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 464.21 Td (3,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 464.21 Td (3,121) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 464.21 Td (2,221) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 464.21 Td (1,248) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 450.21 Td (Total tertiary oil production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 450.21 Td (40,464) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 450.21 Td (39,212) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 450.21 Td (37,199) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 450.21 Td (37,346) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 450.21 Td (38,548) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 450.21 Td (41,602) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 450.21 Td (41,079) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 436.20 Td (Non-tertiary oil and gas production) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 422.20 Td (Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 408.21 Td (Mississippi) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 408.21 Td (673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 408.21 Td (1,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 408.21 Td (963) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 408.21 Td (745) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 408.21 Td (850) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 408.21 Td (1,194) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 408.21 Td (1,787) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 394.21 Td (Texas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 394.21 Td (6,148) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 394.21 Td (4,104) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 394.21 Td (4,234) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 394.21 Td (5,143) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 394.21 Td (4,906) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 394.21 Td (6,443) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 394.21 Td (6,290) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 380.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 380.21 Td (549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 380.21 Td (456) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 380.21 Td (538) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 388.00 380.21 Td (569) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 380.21 Td (528) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 380.21 Td (889) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 380.21 Td (1,061) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 366.21 Td (Total Gulf Coast region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 366.21 Td (7,370) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 366.21 Td (5,577) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 366.21 Td (5,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 366.21 Td (6,457) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 366.21 Td (6,284) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 366.21 Td (8,526) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 366.21 Td (9,138) Tj ET Q BT /F3 9.00 Tf ET q 0 0 0 rg BT 52.50 352.20 Td (Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 338.21 Td (Cedar Creek Anticline) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 338.21 Td (17,778) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 338.21 Td (16,325) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 338.21 Td (16,017) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 338.21 Td (15,186) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 338.21 Td (16,322) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 338.21 Td (17,997) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 338.21 Td (18,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 324.21 Td (Other) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 324.21 Td (2,070) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 324.21 Td (1,862) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 331.25 324.21 Td (1,763) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 381.25 324.21 Td (1,696) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 439.25 324.21 Td (1,844) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 324.21 Td (2,743) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 324.21 Td (3,106) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 310.21 Td (Total Rocky Mountain region) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 310.21 Td (19,848) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 310.21 Td (18,187) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 310.21 Td (17,780) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 310.21 Td (16,882) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 310.21 Td (18,166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 310.21 Td (20,740) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 310.21 Td (21,940) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 296.21 Td (Total non-tertiary production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 296.21 Td (27,218) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 296.21 Td (23,764) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 296.21 Td (23,515) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 296.21 Td (23,339) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 296.21 Td (24,450) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 296.21 Td (29,266) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 296.21 Td (31,078) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 282.20 Td (Total continuing production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 282.21 Td (67,682) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 282.21 Td (62,976) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 282.21 Td (60,714) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 282.21 Td (60,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 282.21 Td (62,998) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 282.21 Td (70,868) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 282.21 Td (72,157) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 268.20 Td (Property sales) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 254.21 Td (W) Tj ET Q q 0 0 0 rg BT 66.63 254.21 Td (illiston ) Tj ET Q q 0 0 0 rg BT 93.39 254.21 Td (Assets ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 119.14 258.29 Td (\(2\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 231.25 254.21 Td (1,364) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 281.25 254.21 Td (1,267) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 338.00 254.21 Td (819) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 254.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 254.21 Td (864) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 489.25 254.21 Td (1,549) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 254.21 Td (1,744) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 58.50 240.21 Td (Other property divestitures) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 238.00 240.21 Td (305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 288.00 240.21 Td (263) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 342.50 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.50 240.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 446.00 240.21 Td (141) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 496.00 240.21 Td (444) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 546.00 240.21 Td (531) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 226.20 Td (Total production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 226.75 226.21 Td (69,351) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 276.75 226.21 Td (64,506) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 326.75 226.21 Td (61,533) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 376.75 226.21 Td (60,685) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.75 226.21 Td (64,003) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.75 226.21 Td (72,861) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 226.21 Td (74,432) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 207.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 207.25 Td (Mature ) Tj ET Q q 0 0 0 rg BT 98.36 207.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 140.32 207.25 Td (include ) Tj ET Q q 0 0 0 rg BT 171.73 207.25 Td (Brookhaven, ) Tj ET Q q 0 0 0 rg BT 225.09 207.25 Td (Cranfield, ) Tj ET Q q 0 0 0 rg BT 267.33 207.25 Td (Eucutta, ) Tj ET Q q 0 0 0 rg BT 302.35 207.25 Td (Little ) Tj ET Q q 0 0 0 rg BT 325.99 207.25 Td (Creek, ) Tj ET Q q 0 0 0 rg BT 354.35 207.25 Td (Lockhart ) Tj ET Q q 0 0 0 rg BT 392.42 207.25 Td (Crossing, ) Tj ET Q q 0 0 0 rg BT 432.46 207.25 Td (Mallalieu, ) Tj ET Q q 0 0 0 rg BT 475.26 207.25 Td (Martinville, ) Tj ET Q q 0 0 0 rg BT 524.73 207.25 Td (McComb ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 195.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.44 195.25 Td (Soso ) Tj ET Q q 0 0 0 rg BT 106.39 195.25 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 180.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 180.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.20 180.25 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 152.23 180.25 Td (production ) Tj ET Q q 0 0 0 rg BT 197.39 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.99 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.04 180.25 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 248.97 180.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 289.69 180.25 Td (region ) Tj ET Q q 0 0 0 rg BT 317.06 180.25 Td (related ) Tj ET Q q 0 0 0 rg BT 346.09 180.25 Td (to ) Tj ET Q q 0 0 0 rg BT 355.70 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 369.74 180.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 387.12 180.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.27 180.25 Td (remaining ) Tj ET Q q 0 0 0 rg BT 439.64 180.25 Td (non-core ) Tj ET Q q 0 0 0 rg BT 477.01 180.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 502.17 180.25 Td (in ) Tj ET Q q 0 0 0 rg BT 511.77 180.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.69 180.25 Td (W) Tj ET Q q 0 0 0 rg BT 534.72 180.25 Td (illiston ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 168.25 Td (Basin ) Tj ET Q q 0 0 0 rg BT 92.78 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.61 168.25 Td (North ) Tj ET Q q 0 0 0 rg BT 129.44 168.25 Td (Dakota ) Tj ET Q q 0 0 0 rg BT 160.82 168.25 Td (and ) Tj ET Q q 0 0 0 rg BT 177.75 168.25 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 218.30 168.25 Td (which ) Tj ET Q q 0 0 0 rg BT 245.24 168.25 Td (closed ) Tj ET Q q 0 0 0 rg BT 273.29 168.25 Td (in ) Tj ET Q q 0 0 0 rg BT 283.56 168.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.28 168.25 Td (third ) Tj ET Q q 0 0 0 rg BT 319.67 168.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 350.48 168.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.31 168.25 Td (2016.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 144.25 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 144.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 72.20 144.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 81.83 144.25 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 120.25 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 120.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 89.70 120.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 134.27 120.25 Td (production ) Tj ET Q q 0 0 0 rg BT 179.38 120.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.29 120.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.29 120.25 Td ( ) Tj ET Q q 0 0 0 rg BT 229.08 120.25 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 266.96 120.25 Td (62,998) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.46 120.25 Td ( ) Tj ET Q q 0 0 0 rg BT 296.25 120.25 Td (BOE/d, ) Tj ET Q q 0 0 0 rg BT 328.32 120.25 Td (including ) Tj ET Q q 0 0 0 rg BT 367.89 120.25 Td (38,548 ) Tj ET Q q 0 0 0 rg BT 397.18 120.25 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 425.09 120.25 Td (from ) Tj ET Q q 0 0 0 rg BT 446.33 120.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 476.99 120.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 518.77 120.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.00 120.25 Td (24,450 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 108.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 80.19 108.25 Td (from ) Tj ET Q q 0 0 0 rg BT 102.55 108.25 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 152.67 108.25 Td (properties. ) Tj ET Q q 0 0 0 rg BT 198.07 108.25 Td ( ) Tj ET Q q 0 0 0 rg BT 200.78 108.25 Td (T) Tj ET Q q 0 0 0 rg BT 206.19 108.25 Td (otal ) Tj ET Q q 0 0 0 rg BT 224.10 108.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 269.79 108.25 Td (production ) Tj ET Q q 0 0 0 rg BT 316.03 108.25 Td (excludes ) Tj ET Q q 0 0 0 rg BT 353.93 108.25 Td (production ) Tj ET Q q 0 0 0 rg BT 400.17 108.25 Td (from ) Tj ET Q q 0 0 0 rg BT 422.53 108.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.45 108.25 Td (W) Tj ET Q q 0 0 0 rg BT 446.49 108.25 Td (illiston ) Tj ET Q q 0 0 0 rg BT 476.54 108.25 Td (Assets ) Tj ET Q q 0 0 0 rg BT 505.57 108.25 Td (that ) Tj ET Q q 0 0 0 rg BT 523.49 108.25 Td (were ) Tj ET Q q 0 0 0 rg BT 545.83 108.25 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.25 Td (during ) Tj ET Q q 0 0 0 rg BT 76.97 96.25 Td (the ) Tj ET Q q 0 0 0 rg BT 90.55 96.25 Td (third ) Tj ET Q q 0 0 0 rg BT 110.80 96.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 140.47 96.25 Td (of ) Tj ET Q q 0 0 0 rg BT 150.16 96.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 171.53 96.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.33 96.25 Td (other ) Tj ET Q q 0 0 0 rg BT 209.23 96.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 234.48 96.25 Td (property ) Tj ET Q q 0 0 0 rg BT 269.72 96.25 Td (divestitures, ) Tj ET Q q 0 0 0 rg BT 319.68 96.25 Td (which ) Tj ET Q q 0 0 0 rg BT 345.48 96.25 Td (production ) Tj ET Q q 0 0 0 rg BT 390.17 96.25 Td (totaled ) Tj ET Q q 0 0 0 rg BT 418.74 96.25 Td (1,005 ) Tj ET Q q 0 0 0 rg BT 442.61 96.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 471.75 96.25 Td (during ) Tj ET Q q 0 0 0 rg BT 499.21 96.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 523.08 96.25 Td (compared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.58 84.25 Td (1,993 ) Tj ET Q q 0 0 0 rg BT 84.38 84.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 114.46 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.20 84.25 Td (2,275 ) Tj ET Q q 0 0 0 rg BT 156.01 84.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 186.09 84.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 225.60 84.25 Td (from ) Tj ET Q q 0 0 0 rg BT 247.34 84.25 Td (these ) Tj ET Q q 0 0 0 rg BT 270.19 84.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 312.47 84.25 Td (during ) Tj ET Q q 0 0 0 rg BT 340.88 84.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 363.19 84.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.93 84.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 404.73 84.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 452.39 84.25 Td (. ) Tj ET Q q 0 0 0 rg BT 457.19 84.25 Td ( ) Tj ET Q q 0 0 0 rg BT 459.50 84.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 477.35 84.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 499.65 84.25 Td (total ) Tj ET Q q 0 0 0 rg BT 519.73 84.25 Td (continuing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.25 Td (production ) Tj ET Q q 0 0 0 rg BT 95.55 72.25 Td (level ) Tj ET Q q 0 0 0 rg BT 117.72 72.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 160.98 72.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.15 72.25 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.57 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.30 72.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.36 72.25 Td (7,870) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.86 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.58 72.25 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 272.09 72.25 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.42 72.25 Td (1) Tj ET Q q 0 0 0 rg BT 280.05 72.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.38 72.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 299.44 72.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 341.59 72.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.10 72.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.10 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 374.83 72.25 Td (levels. ) Tj ET Q q 0 0 0 rg BT 403.39 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.51 72.25 Td (Approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.79 72.25 Td (one-third) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 505.44 72.25 Td ( ) Tj ET Q q 0 0 0 rg BT 508.17 72.25 Td (of ) Tj ET Q q 0 0 0 rg BT 519.23 72.25 Td (these ) Tj ET Q q 0 0 0 rg BT 542.51 72.25 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.25 Td (production ) Tj ET Q q 0 0 0 rg BT 94.87 60.25 Td (declines ) Tj ET Q q 0 0 0 rg BT 129.69 60.25 Td (were ) Tj ET Q q 0 0 0 rg BT 151.16 60.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 198.75 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 208.57 60.25 Td (production ) Tj ET Q q 0 0 0 rg BT 253.95 60.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 283.77 60.25 Td (due ) Tj ET Q q 0 0 0 rg BT 300.26 60.25 Td (to ) Tj ET Q q 0 0 0 rg BT 310.09 60.25 Td (economics ) Tj ET Q q 0 0 0 rg BT 354.90 60.25 Td (and ) Tj ET Q q 0 0 0 rg BT 371.39 60.25 Td (weather) Tj ET Q q 0 0 0 rg BT 402.83 60.25 Td (-related ) Tj ET Q q 0 0 0 rg BT 435.41 60.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 465.24 60.25 Td (production ) Tj ET Q q 0 0 0 rg BT 510.61 60.25 Td (at ) Tj ET Q q 0 0 0 rg BT 519.73 60.25 Td (Thompson ) Tj ET Q endstream endobj 97 0 obj <> endobj 98 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (48) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.57 713.10 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 96.63 713.10 Td (fields. ) Tj ET Q q 0 0 0 rg BT 122.98 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.49 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 141.67 713.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 183.84 713.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 214.34 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.63 713.10 Td (lar) Tj ET Q q 0 0 0 rg BT 233.00 713.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 251.85 713.10 Td (due ) Tj ET Q q 0 0 0 rg BT 267.91 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.32 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 306.71 713.10 Td (production ) Tj ET Q q 0 0 0 rg BT 351.67 713.10 Td (declines; ) Tj ET Q q 0 0 0 rg BT 388.84 713.10 Td (although ) Tj ET Q q 0 0 0 rg BT 425.46 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 438.75 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 459.25 713.10 Td (some ) Tj ET Q q 0 0 0 rg BT 481.99 713.10 Td (inclining ) Tj ET Q q 0 0 0 rg BT 519.17 713.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.22 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.05 701.10 Td (fields, ) Tj ET Q q 0 0 0 rg BT 102.26 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 116.42 701.10 Td (did ) Tj ET Q q 0 0 0 rg BT 131.70 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 146.98 701.10 Td (invest ) Tj ET Q q 0 0 0 rg BT 173.37 701.10 Td (suf) Tj ET Q q 0 0 0 rg BT 185.41 701.10 Td (ficient ) Tj ET Q q 0 0 0 rg BT 213.45 701.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 242.60 701.10 Td (during ) Tj ET Q q 0 0 0 rg BT 271.21 701.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 293.71 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 303.99 701.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 324.27 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.09 701.10 Td (flat.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.43 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 94.57 677.10 Td (December ) Tj ET Q q 0 0 0 rg BT 139.47 677.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 155.78 677.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 182.10 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 197.57 677.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 234.71 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.51 677.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.09 677.10 Td (1,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.59 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 341.40 677.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 372.99 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.14 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 432.28 677.10 Td (remained ) Tj ET Q q 0 0 0 rg BT 473.29 677.10 Td (shut ) Tj ET Q q 0 0 0 rg BT 493.78 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 505.37 677.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 554.72 677.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (uneconomic ) Tj ET Q q 0 0 0 rg BT 100.59 665.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 126.42 665.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 168.07 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.07 665.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 238.04 665.10 Td (1,650 ) Tj ET Q q 0 0 0 rg BT 262.77 665.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 292.76 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.32 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 348.86 665.10 Td (shut ) Tj ET Q q 0 0 0 rg BT 367.75 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 377.75 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.30 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.85 665.10 Td (December ) Tj ET Q q 0 0 0 rg BT 442.16 665.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 456.88 665.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 481.60 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.66 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 501.43 665.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 536.40 665.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 71.85 653.10 Td (was ) Tj ET Q q 0 0 0 rg BT 89.75 653.10 Td (lar) Tj ET Q q 0 0 0 rg BT 100.12 653.10 Td (gely ) Tj ET Q q 0 0 0 rg BT 119.69 653.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 167.57 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.70 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.27 653.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 221.83 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.51 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.42 653.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.75 653.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 302.87 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 312.99 653.10 Td (early ) Tj ET Q q 0 0 0 rg BT 335.33 653.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 360.18 653.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 395.85 653.10 Td (of) Tj ET Q q 0 0 0 rg BT 404.00 653.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 420.79 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.14 653.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 469.38 653.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 488.40 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 498.52 653.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 544.75 653.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.63 641.10 Td (W) Tj ET Q q 0 0 0 rg BT 73.67 641.10 Td (illiston ) Tj ET Q q 0 0 0 rg BT 103.89 641.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 129.25 641.10 Td (sale, ) Tj ET Q q 0 0 0 rg BT 150.44 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.35 641.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 197.26 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.18 641.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 235.20 641.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 272.23 641.10 Td (returned ) Tj ET Q q 0 0 0 rg BT 308.68 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.59 641.10 Td (production ) Tj ET Q q 0 0 0 rg BT 366.06 641.10 Td (during ) Tj ET Q q 0 0 0 rg BT 395.30 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.66 641.10 Td (second ) Tj ET Q q 0 0 0 rg BT 441.56 641.10 Td (half ) Tj ET Q q 0 0 0 rg BT 460.25 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.71 641.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 497.35 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.49 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 519.18 641.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.59 629.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 101.58 629.10 Td (was ) Tj ET Q q 0 0 0 rg BT 120.11 629.10 Td (96% ) Tj ET Q q 0 0 0 rg BT 141.43 629.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 157.47 629.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 200.45 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 221.21 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 234.76 629.10 Td (production ) Tj ET Q q 0 0 0 rg BT 281.07 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.38 629.10 Td (95% ) Tj ET Q q 0 0 0 rg BT 313.70 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 342.79 629.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 365.77 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.20 629.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 408.68 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.45 629.10 Td (W) Tj ET Q q 0 0 0 rg BT 420.09 629.10 Td (e ) Tj ET Q q 0 0 0 rg BT 427.51 629.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 466.59 629.10 Td (anticipate ) Tj ET Q q 0 0 0 rg BT 508.44 629.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 531.43 629.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 72.00 617.10 Td (production ) Tj ET Q q 0 0 0 rg BT 117.82 617.10 Td (will ) Tj ET Q q 0 0 0 rg BT 135.88 617.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 166.14 617.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 206.40 617.10 Td (flat ) Tj ET Q q 0 0 0 rg BT 222.22 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 242.50 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.33 617.10 Td (exit ) Tj ET Q q 0 0 0 rg BT 275.83 617.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 293.31 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.59 617.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 326.09 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.92 617.10 Td (roughly ) Tj ET Q q 0 0 0 rg BT 370.53 617.10 Td (60,000 ) Tj ET Q q 0 0 0 rg BT 400.53 617.10 Td (BOE/d.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 593.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 593.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 93.49 593.10 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.99 569.10 Td (production ) Tj ET Q q 0 0 0 rg BT 129.02 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 151.16 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 167.20 569.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 198.78 569.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 243.14 569.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.94 569.10 Td (38,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.44 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.14 569.10 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 340.97 569.10 Td (during ) Tj ET Q q 0 0 0 rg BT 369.79 569.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 394.99 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.14 569.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 439.26 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 450.30 569.10 Td (3,054 ) Tj ET Q q 0 0 0 rg BT 475.51 569.10 Td (Bbls/d ) Tj ET Q q 0 0 0 rg BT 504.33 569.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.66 569.10 Td (7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.99 569.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 527.03 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 549.17 569.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 71.84 557.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 103.04 557.10 Td (production ) Tj ET Q q 0 0 0 rg BT 148.70 557.10 Td (level ) Tj ET Q q 0 0 0 rg BT 170.47 557.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.14 557.10 Td (41,602) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.64 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 210.97 557.10 Td (Bbls/d. ) Tj ET Q q 0 0 0 rg BT 241.93 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.09 557.10 Td (These ) Tj ET Q q 0 0 0 rg BT 270.31 557.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 305.41 557.10 Td (were ) Tj ET Q q 0 0 0 rg BT 327.17 557.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 366.72 557.10 Td (due ) Tj ET Q q 0 0 0 rg BT 383.49 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.60 557.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 427.60 557.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 458.25 557.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 500.58 557.10 Td (at ) Tj ET Q q 0 0 0 rg BT 509.96 557.10 Td (T) Tj ET Q q 0 0 0 rg BT 515.72 557.10 Td (insley ) Tj ET Q q 0 0 0 rg BT 541.94 557.10 Td (Field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.40 545.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 98.63 545.10 Td (production ) Tj ET Q q 0 0 0 rg BT 145.42 545.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 181.65 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 192.33 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.12 545.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 240.35 545.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 266.03 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.28 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.96 545.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 314.75 545.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 340.99 545.10 Td (region, ) Tj ET Q q 0 0 0 rg BT 372.51 545.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 409.29 545.10 Td (of) Tj ET Q q 0 0 0 rg BT 417.44 545.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 435.34 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 448.81 545.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 490.02 545.10 Td (production ) Tj ET Q q 0 0 0 rg BT 536.81 545.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 545.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 91.40 533.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 105.29 531.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 108.54 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 111.00 533.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 151.22 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 164.24 533.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 201.68 533.10 Td (response ) Tj ET Q q 0 0 0 rg BT 239.13 533.10 Td (at ) Tj ET Q q 0 0 0 rg BT 248.81 533.10 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 273.49 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 290.39 533.10 Td (Bell ) Tj ET Q q 0 0 0 rg BT 309.52 533.10 Td (Creek ) Tj ET Q q 0 0 0 rg BT 335.86 533.10 Td (fields. ) Tj ET Q q 0 0 0 rg BT 363.04 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.51 533.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 411.86 533.10 Td (from ) Tj ET Q q 0 0 0 rg BT 433.58 533.10 Td (T) Tj ET Q q 0 0 0 rg BT 439.34 533.10 Td (insley ) Tj ET Q q 0 0 0 rg BT 465.69 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.59 533.10 Td (Oyster ) Tj ET Q q 0 0 0 rg BT 511.71 533.10 Td (Bayou ) Tj ET Q q 0 0 0 rg BT 540.28 533.10 Td (fields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 521.10 Td (believed ) Tj ET Q q 0 0 0 rg BT 100.58 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 110.86 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 132.23 521.10 Td (peaked ) Tj ET Q q 0 0 0 rg BT 163.05 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 179.99 521.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 218.57 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.28 521.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 271.31 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 281.59 521.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 321.29 521.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 352.66 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.94 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.66 521.10 Td (future.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (Non-T) Tj ET Q q 0 0 0 rg BT 74.14 497.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 103.86 497.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 113.49 497.10 Td (oduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td (Continuing ) Tj ET Q q 0 0 0 rg BT 115.68 473.10 Td (production ) Tj ET Q q 0 0 0 rg BT 162.18 473.10 Td (from ) Tj ET Q q 0 0 0 rg BT 184.79 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 201.30 473.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 251.68 473.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 296.51 473.10 Td (averaged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.77 473.10 Td (24,450) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.27 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.44 473.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 397.40 473.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.68 473.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 446.68 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 452.35 473.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.97 473.10 Td (decrease) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.38 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.56 473.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.06 473.10 Td (4,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.56 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.74 473.10 Td (BOE/d ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.83 461.10 Td (16%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.16 461.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 76.67 461.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 118.27 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 128.23 461.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 150.40 461.10 Td (levels. ) Tj ET Q q 0 0 0 rg BT 178.41 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.43 461.10 Td (These ) Tj ET Q q 0 0 0 rg BT 206.48 461.10 Td (production ) Tj ET Q q 0 0 0 rg BT 251.98 461.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 286.93 461.10 Td (include ) Tj ET Q q 0 0 0 rg BT 318.54 461.10 Td (weather) Tj ET Q q 0 0 0 rg BT 349.98 461.10 Td (-related ) Tj ET Q q 0 0 0 rg BT 382.69 461.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 424.87 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 434.10 461.10 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 479.06 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 495.67 461.10 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 527.29 461.10 Td (fields, ) Tj ET Q q 0 0 0 rg BT 554.19 461.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 73.54 449.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 101.74 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.00 449.10 Td (production ) Tj ET Q q 0 0 0 rg BT 163.15 449.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 210.51 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.12 449.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 243.05 449.10 Td (shut ) Tj ET Q q 0 0 0 rg BT 261.54 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 271.14 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.30 449.10 Td (uneconomic ) Tj ET Q q 0 0 0 rg BT 331.99 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.59 449.10 Td (either ) Tj ET Q q 0 0 0 rg BT 366.18 449.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 400.21 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 410.37 449.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 435.51 449.10 Td (due ) Tj ET Q q 0 0 0 rg BT 451.77 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.37 449.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 508.75 449.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 536.95 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.64 449.10 Td (When ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (combined, ) Tj ET Q q 0 0 0 rg BT 93.25 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 115.61 437.10 Td (weather) Tj ET Q q 0 0 0 rg BT 147.06 437.10 Td (-related ) Tj ET Q q 0 0 0 rg BT 179.41 437.10 Td (downtime ) Tj ET Q q 0 0 0 rg BT 221.22 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.47 437.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 267.07 437.10 Td (production ) Tj ET Q q 0 0 0 rg BT 312.21 437.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 345.13 437.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 378.60 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.20 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 394.45 437.10 Td (production ) Tj ET Q q 0 0 0 rg BT 439.59 437.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 470.28 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.43 437.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 540.00 437.10 Td (2,500 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (BOE/d ) Tj ET Q q 0 0 0 rg BT 79.64 425.10 Td (when ) Tj ET Q q 0 0 0 rg BT 103.66 425.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 145.44 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 155.58 425.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 180.44 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 182.80 425.10 Td (In ) Tj ET Q q 0 0 0 rg BT 193.49 425.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 231.12 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.70 425.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 280.27 425.10 Td (include ) Tj ET Q q 0 0 0 rg BT 312.06 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 342.18 425.10 Td (production ) Tj ET Q q 0 0 0 rg BT 387.87 425.10 Td (declines ) Tj ET Q q 0 0 0 rg BT 422.99 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 432.57 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.26 425.10 Td (non-tertiary ) Tj ET Q q 0 0 0 rg BT 497.82 425.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 540.17 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 425.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 78.11 413.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 119.50 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.43 413.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 157.26 413.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 182.54 413.10 Td (regions.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.78 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.84 389.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 117.57 389.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 136.18 389.10 Td (Revenues) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 175.62 389.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 365.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.06 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.28 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 127.82 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 142.93 365.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 180.25 365.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.44 365.10 Td (23%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.77 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.55 365.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.65 365.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 296.65 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 298.43 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.64 365.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.64 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 336.42 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 352.64 365.10 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.84 365.10 Td (49%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.17 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 413.95 365.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.04 365.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 469.04 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.82 365.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.04 365.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.04 365.10 Td (. ) Tj ET Q q 0 0 0 rg BT 511.32 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.97 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 530.30 365.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.13 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.31 353.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.72 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.02 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 137.63 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 153.82 353.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 192.21 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.27 353.10 Td (due ) Tj ET Q q 0 0 0 rg BT 224.56 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.19 353.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 270.25 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.88 353.10 Td (production ) Tj ET Q q 0 0 0 rg BT 327.06 353.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 368.79 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.08 353.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 434.49 353.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 461.22 353.10 Td (\(excluding ) Tj ET Q q 0 0 0 rg BT 506.84 353.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.13 353.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 554.19 353.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 341.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 113.38 341.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 155.86 341.10 Td (contracts\), ) Tj ET Q q 0 0 0 rg BT 200.29 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.12 341.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 248.59 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 258.87 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.58 341.10 Td (following ) Tj ET Q q 0 0 0 rg BT 314.97 341.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 269.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 269.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 269.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 269.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 269.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 269.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 239.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 239.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 239.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 239.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 239.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 239.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 306.6 m 354.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 306.6 m 358.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 306.6 m 423.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 306.6 m 492.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 306.6 m 496.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 306.6 m 561.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 269.6 m 285.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 306.6 m 354.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 269.6 m 354.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 354.5 306.6 m 358.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 306.6 m 423.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 269.6 m 423.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 306.6 m 492.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 269.6 m 492.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 306.6 m 496.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 306.6 m 561.5 306.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 269.6 m 561.5 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 224.60000000000002 m 354.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 224.60000000000002 m 423.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 224.60000000000002 m 492.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 224.60000000000002 m 561.5 224.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 210.60000000000002 m 354.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 208.60000000000002 m 354.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 210.60000000000002 m 423.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 208.60000000000002 m 423.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 210.60000000000002 m 492.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 208.60000000000002 m 492.5 208.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 210.60000000000002 m 561.5 210.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 208.60000000000002 m 561.5 208.60000000000002 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 313.95 318.85 Td (Y) Tj ET Q q 0 0 0 rg BT 318.93 318.85 Td (ear Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 333.40 310.85 Td (2016 vs. 2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.95 318.85 Td (Y) Tj ET Q q 0 0 0 rg BT 456.93 318.85 Td (ear Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.40 310.85 Td (2015 vs. 2014) Tj ET Q BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.00 273.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 302.70 281.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 305.90 273.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 372.95 289.85 Td (Percentage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 371.70 281.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 374.90 273.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 440.70 281.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.90 273.85 Td (Revenues) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.95 289.85 Td (Percentage) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 509.70 281.85 Td (Decrease in) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.90 273.85 Td (Revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 259.27 Td (Change in oil and natural gas revenues due to:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 244.27 Td (Decrease in production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 244.32 Td (\(144,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 244.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 244.27 Td (\(12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 244.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 244.32 Td (\(50,093) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 244.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.95 244.27 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 244.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 229.27 Td (Decrease in commodity prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 229.32 Td (\(132,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 229.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 229.27 Td (\(11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 229.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 229.32 Td (\(1,109,354) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 229.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 229.27 Td (\(47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 229.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 214.27 Td (Total decrease in oil and natural gas revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 214.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 214.32 Td (\(277,275) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 214.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.95 214.27 Td (\(23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.30 214.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 214.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 214.32 Td (\(1,159,447) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 214.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.95 214.27 Td (\(49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.30 214.27 Td (\)%) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 99 0 obj <> endobj 100 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (49) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Excluding ) Tj ET Q q 0 0 0 rg BT 112.45 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 130.73 713.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 161.79 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 173.96 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.13 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 240.53 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 284.35 713.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 326.79 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 343.96 713.10 Td (average ) Tj ET Q q 0 0 0 rg BT 378.89 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 394.95 713.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 430.44 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 479.83 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 507.55 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 525.83 713.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 701.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 100.13 701.10 Td (were ) Tj ET Q q 0 0 0 rg BT 122.06 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 132.89 701.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 165.39 701.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.00 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.00 701.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 219.00 701.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.00 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.50 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.44 701.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.44 701.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 660.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 660.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 660.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 630.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 630.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 630.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 600.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 600.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 600.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 570.60 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 570.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 570.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 570.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 675.6 m 423.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 675.6 m 427.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 675.6 m 492.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 675.6 m 496.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 675.6 m 561.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 675.6 m 423.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 660.6 m 423.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 675.6 m 492.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 660.6 m 492.5 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 675.6 m 561.5 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 660.6 m 561.5 660.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 680.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 680.27 Td (Year Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 665.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 665.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 665.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 665.27 Td (2014) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 650.28 Td (Average net realized prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 635.27 Td (Oil price per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 635.27 Td (41.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 635.27 Td (47.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 635.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 635.27 Td (90.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 620.27 Td (Natural gas price per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 620.27 Td (1.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 620.27 Td (2.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 620.27 Td (4.07) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 605.27 Td (Price per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 605.27 Td (39.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 605.27 Td (45.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 605.27 Td (87.33) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 590.28 Td (Average NYMEX differentials) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 575.27 Td (Oil per Bbl) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 575.32 Td (\(2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 575.32 Td (\(1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 575.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 575.32 Td (\(2.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 575.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.00 560.27 Td (Natural gas per Mcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 560.32 Td (\(0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 560.32 Td (\(0.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 560.32 Td (\(0.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 560.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 532.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.42 532.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 119.19 532.10 Td (in ) Tj ET Q q 0 0 0 rg BT 129.78 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.80 532.10 Td (table ) Tj ET Q q 0 0 0 rg BT 167.04 532.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 196.22 532.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.36 532.10 Td (average ) Tj ET Q q 0 0 0 rg BT 246.25 532.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.27 532.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 295.71 532.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 309.07 532.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 334.37 532.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 376.60 532.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.63 532.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 421.64 532.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.78 532.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 481.14 532.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 523.92 532.10 Td (contracts, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 520.10 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.91 520.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.04 520.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.37 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.49 520.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.73 520.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.73 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.85 520.10 Td (from ) Tj ET Q q 0 0 0 rg BT 188.42 520.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.76 520.10 Td (average ) Tj ET Q q 0 0 0 rg BT 237.97 520.10 Td (price ) Tj ET Q q 0 0 0 rg BT 261.08 520.10 Td (received ) Tj ET Q q 0 0 0 rg BT 298.06 520.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.30 520.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.30 520.10 Td (. ) Tj ET Q q 0 0 0 rg BT 352.92 520.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.05 520.10 Td (Company-wide ) Tj ET Q q 0 0 0 rg BT 420.83 520.10 Td (average ) Tj ET Q q 0 0 0 rg BT 455.04 520.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 468.72 520.10 Td (price ) Tj ET Q q 0 0 0 rg BT 491.83 520.10 Td (dif) Tj ET Q q 0 0 0 rg BT 502.76 520.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 543.08 520.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 508.10 Td ($2.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.67 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 90.11 508.10 Td (Bbl ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.23 508.10 Td (below) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.67 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.34 508.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 173.67 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.12 508.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.12 508.10 Td (, ) Tj ET Q q 0 0 0 rg BT 209.29 508.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 251.39 508.10 Td (to ) Tj ET Q q 0 0 0 rg BT 261.84 508.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.95 508.10 Td (average ) Tj ET Q q 0 0 0 rg BT 307.70 508.10 Td (dif) Tj ET Q q 0 0 0 rg BT 318.63 508.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 354.61 508.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.61 508.10 Td ($1.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.11 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.78 508.10 Td (per ) Tj ET Q q 0 0 0 rg BT 406.22 508.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 423.34 508.10 Td (below ) Tj ET Q q 0 0 0 rg BT 450.45 508.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 489.79 508.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.24 508.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.24 508.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.91 508.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 508.10 Td ($2.21) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 496.10 Td (per ) Tj ET Q q 0 0 0 rg BT 64.56 496.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 81.30 496.10 Td (below ) Tj ET Q q 0 0 0 rg BT 108.03 496.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 146.99 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.06 496.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 181.85 496.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.98 496.10 Td (The ) Tj ET Q q 0 0 0 rg BT 201.82 496.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 232.98 496.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.06 496.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.68 496.10 Td (average ) Tj ET Q q 0 0 0 rg BT 292.05 496.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 304.90 496.10 Td (price ) Tj ET Q q 0 0 0 rg BT 327.18 496.10 Td (dif) Tj ET Q q 0 0 0 rg BT 338.11 496.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 377.60 496.10 Td (between ) Tj ET Q q 0 0 0 rg BT 413.21 496.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 435.50 496.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.23 496.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 474.53 496.10 Td (was ) Tj ET Q q 0 0 0 rg BT 492.37 496.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 537.98 496.10 Td (due ) Tj ET Q q 0 0 0 rg BT 554.72 496.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 484.10 Td (weakening ) Tj ET Q q 0 0 0 rg BT 95.04 484.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.60 484.10 Td (our ) Tj ET Q q 0 0 0 rg BT 121.16 484.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 141.72 484.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 166.72 484.10 Td (region ) Tj ET Q q 0 0 0 rg BT 194.50 484.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 214.51 484.10 Td (price ) Tj ET Q q 0 0 0 rg BT 236.72 484.10 Td (dif) Tj ET Q q 0 0 0 rg BT 247.65 484.10 Td (ferentials, ) Tj ET Q q 0 0 0 rg BT 289.58 484.10 Td (of) Tj ET Q q 0 0 0 rg BT 297.73 484.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 314.39 484.10 Td (in ) Tj ET Q q 0 0 0 rg BT 324.40 484.10 Td (part ) Tj ET Q q 0 0 0 rg BT 342.17 484.10 Td (by ) Tj ET Q q 0 0 0 rg BT 354.40 484.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 382.74 484.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 423.85 484.10 Td (region ) Tj ET Q q 0 0 0 rg BT 451.63 484.10 Td (price ) Tj ET Q q 0 0 0 rg BT 473.84 484.10 Td (dif) Tj ET Q q 0 0 0 rg BT 484.77 484.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 524.20 484.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 472.10 Td (below) Tj ET Q q 0 0 0 rg BT 73.29 472.10 Td (. ) Tj ET Q q 0 0 0 rg BT 78.15 472.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.51 472.10 Td (Prices ) Tj ET Q q 0 0 0 rg BT 107.31 472.10 Td (received ) Tj ET Q q 0 0 0 rg BT 143.53 472.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.67 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 160.47 472.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 195.60 472.10 Td (market ) Tj ET Q q 0 0 0 rg BT 225.72 472.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 263.06 472.10 Td (frequently ) Tj ET Q q 0 0 0 rg BT 306.52 472.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.32 472.10 Td (can ) Tj ET Q q 0 0 0 rg BT 339.55 472.10 Td (dif) Tj ET Q q 0 0 0 rg BT 350.48 472.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 363.94 472.10 Td (from ) Tj ET Q q 0 0 0 rg BT 385.74 472.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 424.77 472.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 455.45 472.10 Td (due ) Tj ET Q q 0 0 0 rg BT 472.25 472.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.39 472.10 Td (a ) Tj ET Q q 0 0 0 rg BT 489.19 472.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 519.31 472.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.01 472.10 Td (reasons, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 460.10 Td (including ) Tj ET Q q 0 0 0 rg BT 89.59 460.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 118.58 460.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.45 460.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 180.42 460.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 212.45 460.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 236.98 460.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 249.85 460.10 Td (quality) Tj ET Q q 0 0 0 rg BT 276.98 460.10 Td (, ) Tj ET Q q 0 0 0 rg BT 281.79 460.10 Td (and ) Tj ET Q q 0 0 0 rg BT 298.55 460.10 Td (location ) Tj ET Q q 0 0 0 rg BT 333.08 460.10 Td (dif) Tj ET Q q 0 0 0 rg BT 344.01 460.10 Td (ferentials. ) Tj ET Q q 0 0 0 rg BT 386.03 460.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.19 460.10 Td (The ) Tj ET Q q 0 0 0 rg BT 406.05 460.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 418.93 460.10 Td (dif) Tj ET Q q 0 0 0 rg BT 429.85 460.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 469.38 460.10 Td (we ) Tj ET Q q 0 0 0 rg BT 483.36 460.10 Td (received ) Tj ET Q q 0 0 0 rg BT 519.54 460.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.64 460.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 460.10 Td (Gulf ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 448.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 74.78 448.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.72 448.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 120.33 448.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 161.71 448.10 Td (regions ) Tj ET Q q 0 0 0 rg BT 193.65 448.10 Td (are ) Tj ET Q q 0 0 0 rg BT 208.36 448.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 249.19 448.10 Td (in ) Tj ET Q q 0 0 0 rg BT 259.47 448.10 Td (further ) Tj ET Q q 0 0 0 rg BT 289.17 448.10 Td (detail ) Tj ET Q q 0 0 0 rg BT 313.88 448.10 Td (below) Tj ET Q q 0 0 0 rg BT 337.67 448.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 424.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.37 424.10 Td (average ) Tj ET Q q 0 0 0 rg BT 120.78 424.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 160.77 424.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 174.64 424.10 Td (dif) Tj ET Q q 0 0 0 rg BT 185.57 424.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 222.20 424.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.30 424.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.84 424.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 270.50 424.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 296.60 424.10 Td (region ) Tj ET Q q 0 0 0 rg BT 325.46 424.10 Td (was ) Tj ET Q q 0 0 0 rg BT 344.34 424.10 Td (a ) Tj ET Q q 0 0 0 rg BT 352.10 424.10 Td (negative ) Tj ET Q q 0 0 0 rg BT 389.29 424.10 Td ($1.42 ) Tj ET Q q 0 0 0 rg BT 415.11 424.10 Td (per ) Tj ET Q q 0 0 0 rg BT 431.20 424.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 448.97 424.10 Td (during ) Tj ET Q q 0 0 0 rg BT 478.40 424.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 504.23 424.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 546.97 424.10 Td (to ) Tj ET Q q 0 0 0 rg BT 558.07 424.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 83.99 412.10 Td ($0.49 ) Tj ET Q q 0 0 0 rg BT 109.31 412.10 Td (per ) Tj ET Q q 0 0 0 rg BT 124.90 412.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 142.17 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.43 412.10 Td ($1.73 ) Tj ET Q q 0 0 0 rg BT 184.75 412.10 Td (per ) Tj ET Q q 0 0 0 rg BT 200.34 412.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 217.61 412.10 Td (during ) Tj ET Q q 0 0 0 rg BT 246.54 412.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 269.36 412.10 Td (and ) Tj ET Q q 0 0 0 rg BT 286.62 412.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 311.94 412.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 359.60 412.10 Td (. ) Tj ET Q q 0 0 0 rg BT 364.92 412.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.54 412.10 Td (These ) Tj ET Q q 0 0 0 rg BT 394.24 412.10 Td (dif) Tj ET Q q 0 0 0 rg BT 405.17 412.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 445.19 412.10 Td (are ) Tj ET Q q 0 0 0 rg BT 460.22 412.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 499.69 412.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 552.50 412.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.28 400.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 99.06 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 109.40 400.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 135.84 400.10 Td (received ) Tj ET Q q 0 0 0 rg BT 172.27 400.10 Td (for ) Tj ET Q q 0 0 0 rg BT 186.50 400.10 Td (our ) Tj ET Q q 0 0 0 rg BT 202.39 400.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 227.17 400.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 240.29 400.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 259.52 400.10 Td (under ) Tj ET Q q 0 0 0 rg BT 284.86 400.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 305.20 400.10 Td (index ) Tj ET Q q 0 0 0 rg BT 329.99 400.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 356.43 400.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 388.98 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.32 400.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.10 400.10 Td (change ) Tj ET Q q 0 0 0 rg BT 444.98 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 455.33 400.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 494.56 400.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 523.50 400.10 Td (as ) Tj ET Q q 0 0 0 rg BT 534.40 400.10 Td (well ) Tj ET Q q 0 0 0 rg BT 554.18 400.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (various ) Tj ET Q q 0 0 0 rg BT 81.09 388.10 Td (other ) Tj ET Q q 0 0 0 rg BT 103.79 388.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.92 388.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 175.85 388.10 Td (such ) Tj ET Q q 0 0 0 rg BT 196.33 388.10 Td (as ) Tj ET Q q 0 0 0 rg BT 206.81 388.10 Td (those ) Tj ET Q q 0 0 0 rg BT 230.07 388.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 254.44 388.10 Td (above. ) Tj ET Q q 0 0 0 rg BT 282.96 388.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.96 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 302.66 388.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 340.90 388.10 Td (average ) Tj ET Q q 0 0 0 rg BT 374.14 388.10 Td (LLS-to-NYMEX ) Tj ET Q q 0 0 0 rg BT 445.17 388.10 Td (dif) Tj ET Q q 0 0 0 rg BT 456.10 388.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 491.56 388.10 Td (\(on ) Tj ET Q q 0 0 0 rg BT 507.04 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.63 388.10 Td (trade-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (basis\) ) Tj ET Q q 0 0 0 rg BT 74.87 376.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 112.99 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 119.47 376.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 153.18 376.10 Td ($1.70 ) Tj ET Q q 0 0 0 rg BT 177.72 376.10 Td (per ) Tj ET Q q 0 0 0 rg BT 192.53 376.10 Td (Bbl, ) Tj ET Q q 0 0 0 rg BT 211.51 376.10 Td ($3.72 ) Tj ET Q q 0 0 0 rg BT 236.05 376.10 Td (per ) Tj ET Q q 0 0 0 rg BT 250.86 376.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 267.35 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.83 376.10 Td ($3.88 ) Tj ET Q q 0 0 0 rg BT 308.37 376.10 Td (per ) Tj ET Q q 0 0 0 rg BT 323.18 376.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 339.67 376.10 Td (during ) Tj ET Q q 0 0 0 rg BT 367.82 376.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 392.36 376.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 414.40 376.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.87 376.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 455.41 376.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 503.08 376.10 Td (. ) Tj ET Q q 0 0 0 rg BT 507.62 376.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.66 376.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.03 376.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.03 376.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.57 364.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 82.65 364.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.83 364.10 Td (60%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.16 364.10 Td ( ) Tj ET Q q 0 0 0 rg BT 163.57 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.31 364.10 Td (our ) Tj ET Q q 0 0 0 rg BT 190.05 364.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 214.67 364.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 227.64 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 237.27 364.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 263.56 364.10 Td (based ) Tj ET Q q 0 0 0 rg BT 288.74 364.10 Td (on, ) Tj ET Q q 0 0 0 rg BT 303.65 364.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.39 364.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 350.13 364.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 367.53 364.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 380.22 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.85 364.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 415.04 364.10 Td (index ) Tj ET Q q 0 0 0 rg BT 439.67 364.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 464.57 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.42 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.05 364.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 528.99 364.10 Td (at ) Tj ET Q q 0 0 0 rg BT 538.62 364.10 Td (prices ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 352.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.77 352.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.27 352.10 Td (various ) Tj ET Q q 0 0 0 rg BT 119.21 352.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.25 352.10 Td (indexes ) Tj ET Q q 0 0 0 rg BT 175.30 352.10 Td (tied ) Tj ET Q q 0 0 0 rg BT 192.80 352.10 Td (to ) Tj ET Q q 0 0 0 rg BT 203.07 352.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 242.24 352.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 271.12 352.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 310.83 352.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.11 352.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.82 352.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 364.43 352.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 405.82 352.10 Td (region.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 106.89 328.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 120.18 328.10 Td (dif) Tj ET Q q 0 0 0 rg BT 131.11 328.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 171.04 328.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.55 328.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.49 328.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 225.33 328.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 266.95 328.10 Td (region ) Tj ET Q q 0 0 0 rg BT 295.22 328.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 334.04 328.10 Td ($3.97 ) Tj ET Q q 0 0 0 rg BT 359.27 328.10 Td (per ) Tj ET Q q 0 0 0 rg BT 374.77 328.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 391.94 328.10 Td (below ) Tj ET Q q 0 0 0 rg BT 419.11 328.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 458.51 328.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.34 328.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.34 328.10 Td (, ) Tj ET Q q 0 0 0 rg BT 512.57 328.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 554.73 328.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.10 Td (an ) Tj ET Q q 0 0 0 rg BT 61.23 316.10 Td (average ) Tj ET Q q 0 0 0 rg BT 94.61 316.10 Td (dif) Tj ET Q q 0 0 0 rg BT 105.54 316.10 Td (ferential ) Tj ET Q q 0 0 0 rg BT 141.14 316.10 Td (of ) Tj ET Q q 0 0 0 rg BT 151.76 316.10 Td ($5.60 ) Tj ET Q q 0 0 0 rg BT 176.55 316.10 Td (per ) Tj ET Q q 0 0 0 rg BT 191.61 316.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 208.35 316.10 Td (below ) Tj ET Q q 0 0 0 rg BT 235.09 316.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 274.04 316.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.11 316.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.11 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 306.41 316.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.14 316.10 Td ($10.19 ) Tj ET Q q 0 0 0 rg BT 352.93 316.10 Td (per ) Tj ET Q q 0 0 0 rg BT 367.99 316.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 384.73 316.10 Td (below ) Tj ET Q q 0 0 0 rg BT 411.46 316.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 450.42 316.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.49 316.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.49 316.10 Td (. ) Tj ET Q q 0 0 0 rg BT 485.28 316.10 Td ( ) Tj ET Q q 0 0 0 rg BT 487.58 316.10 Td (Dif) Tj ET Q q 0 0 0 rg BT 500.73 316.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 540.22 316.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 316.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 78.47 304.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 120.22 304.10 Td (region ) Tj ET Q q 0 0 0 rg BT 148.62 304.10 Td (can ) Tj ET Q q 0 0 0 rg BT 165.36 304.10 Td (fluctuate ) Tj ET Q q 0 0 0 rg BT 203.20 304.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 256.05 304.10 Td (on ) Tj ET Q q 0 0 0 rg BT 268.91 304.10 Td (a ) Tj ET Q q 0 0 0 rg BT 276.21 304.10 Td (month-to-month ) Tj ET Q q 0 0 0 rg BT 344.62 304.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 367.48 304.10 Td (due ) Tj ET Q q 0 0 0 rg BT 384.78 304.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.42 304.10 Td (weather) Tj ET Q q 0 0 0 rg BT 426.67 304.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.03 304.10 Td (refinery ) Tj ET Q q 0 0 0 rg BT 466.53 304.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.72 304.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 536.13 304.10 Td (issues, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 292.10 Td (Canadian ) Tj ET Q q 0 0 0 rg BT 106.70 292.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.64 292.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 143.92 292.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 168.63 292.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 181.69 292.10 Td (price ) Tj ET Q q 0 0 0 rg BT 204.17 292.10 Td (index ) Tj ET Q q 0 0 0 rg BT 228.89 292.10 Td (volatility) Tj ET Q q 0 0 0 rg BT 264.35 292.10 Td (.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 268.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 99.22 268.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 143.92 268.10 Td (Contracts) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 183.93 268.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 244.10 Td (From ) Tj ET Q q 0 0 0 rg BT 92.13 244.10 Td (time ) Tj ET Q q 0 0 0 rg BT 112.86 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 123.59 244.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 146.82 244.10 Td (we ) Tj ET Q q 0 0 0 rg BT 161.44 244.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 184.38 244.10 Td (into ) Tj ET Q q 0 0 0 rg BT 202.89 244.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.41 244.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.80 244.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 264.52 244.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 280.81 244.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 323.75 244.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 362.80 244.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.53 244.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 407.03 244.10 Td (an ) Tj ET Q q 0 0 0 rg BT 419.43 244.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 461.26 244.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.09 244.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.38 244.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.66 244.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.72 244.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.32 232.10 Td (price ) Tj ET Q q 0 0 0 rg BT 119.58 232.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.85 232.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 180.22 232.10 Td (with ) Tj ET Q q 0 0 0 rg BT 200.27 232.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 246.41 232.10 Td (future ) Tj ET Q q 0 0 0 rg BT 272.56 232.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.39 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 232.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.13 232.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.73 232.10 Td (production ) Tj ET Q q 0 0 0 rg BT 393.33 232.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 232.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.91 232.10 Td (more ) Tj ET Q q 0 0 0 rg BT 475.73 232.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 512.98 232.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 232.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 232.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 70.14 220.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 99.68 220.10 Td (These ) Tj ET Q q 0 0 0 rg BT 126.43 220.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 165.40 220.10 Td (have ) Tj ET Q q 0 0 0 rg BT 187.15 220.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 235.01 220.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 275.10 220.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.30 220.10 Td (price ) Tj ET Q q 0 0 0 rg BT 309.16 220.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 337.86 220.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 369.89 220.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 412.74 220.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 444.77 220.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 491.50 220.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 521.32 220.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.63 220.10 Td (fixed-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.10 Td (price ) Tj ET Q q 0 0 0 rg BT 71.99 208.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 98.93 208.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 139.18 208.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.46 208.10 Td (a ) Tj ET Q q 0 0 0 rg BT 166.40 208.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 185.57 208.10 Td (put.) Tj ET Q endstream endobj 101 0 obj <> endobj 102 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.59 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 127.01 713.10 Td (table ) Tj ET Q q 0 0 0 rg BT 148.99 713.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 199.29 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.05 713.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 243.80 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 259.67 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 307.77 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 350.29 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 388.92 713.10 Td (had ) Tj ET Q q 0 0 0 rg BT 405.90 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.44 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 434.31 713.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 474.62 713.10 Td (results ) Tj ET Q q 0 0 0 rg BT 503.26 713.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.46 713.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.46 713.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.51 713.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.44 701.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.44 701.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 653.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 653.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 653.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 653.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 653.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 653.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 653.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 625.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 625.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 625.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 625.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 625.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 625.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 625.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 597.60 243.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 597.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 597.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 597.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 597.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 597.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 597.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 568.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 568.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 568.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 568.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 568.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 568.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 568.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 540.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 540.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 540.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 540.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 540.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 540.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 540.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 511.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 511.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 511.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 511.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 511.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 511.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 511.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 483.60 243.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 293.00 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 297.00 483.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 483.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 483.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 483.60 50.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 483.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 483.60 50.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 676.6 m 347 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 676.6 m 351 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 676.6 m 401 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 676.6 m 405 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 676.6 m 455 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 676.6 m 459 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 676.6 m 509 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 653.6 m 293 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 653.6 m 347 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 653.6 m 401 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 653.6 m 455 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 653.6 m 509 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 653.6 m 563 653.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 611.6 m 347 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 598.6 m 347 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 596.6 m 347 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 611.6 m 401 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 598.6 m 401 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 596.6 m 401 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 611.6 m 455 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 598.6 m 455 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 596.6 m 455 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 611.6 m 509 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 598.6 m 509 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 596.6 m 509 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 611.6 m 563 611.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 598.6 m 563 598.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 596.6 m 563 596.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 540.6 m 347 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 527.6 m 347 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 525.6 m 347 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 540.6 m 401 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 527.6 m 401 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 525.6 m 401 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 540.6 m 455 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 527.6 m 455 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 525.6 m 455 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 540.6 m 509 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 527.6 m 509 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 525.6 m 509 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 540.6 m 563 540.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 527.6 m 563 527.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 525.6 m 563 525.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 469.6 m 347 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 456.6 m 347 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 297 454.6 m 347 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 469.6 m 401 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 456.6 m 401 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 454.6 m 401 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 469.6 m 455 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 456.6 m 455 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 454.6 m 455 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 469.6 m 509 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 456.6 m 509 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 454.6 m 509 454.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 469.6 m 563 469.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 456.6 m 563 456.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 454.6 m 563 454.6 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 364.50 681.06 Td (Three Months Ended) Tj ET Q BT /F4 9.00 Tf ET q 0 0 0 rg BT 52.50 658.05 Td (In thousands) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 309.75 667.06 Td (March) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 317.00 658.06 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 367.25 667.06 Td (June) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 371.00 658.06 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 410.25 667.06 Td (September) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 425.00 658.06 Td (30) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 465.00 667.06 Td (December) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.00 658.06 Td (31) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.20 667.06 Td (Full) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 529.20 658.06 Td (Y) Tj ET Q q 0 0 0 rg BT 534.80 658.06 Td (ear) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 644.05 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 630.06 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 630.06 Td (72,227) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 372.75 630.06 Td (52,026) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 428.25 630.06 Td (\(7,295) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 630.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 630.06 Td (\(32,777) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 630.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 630.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 630.06 Td (84,181) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 616.06 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 269.95 620.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 616.06 Td (\(95,053) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 616.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 616.06 Td (\(150,235) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 616.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 616.06 Td (28,519) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.25 616.06 Td (4,644) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 616.06 Td (\(212,125) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 616.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 602.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 602.06 Td (\(22,826) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 602.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 602.06 Td (\(98,209) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 602.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 602.06 Td (21,224) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 602.06 Td (\(28,133) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 602.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 602.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 602.06 Td (\(127,944) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 602.06 Td (\)) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 573.05 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 559.06 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.25 559.06 Td (148,465) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 368.25 559.06 Td (124,151) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 559.06 Td (160,677) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 559.06 Td (78,406) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 559.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 559.06 Td (511,699) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 545.06 Td (Noncash fair value losses on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 242.70 549.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 545.06 Td (\(65,389) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 545.06 Td (\(173,077) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.75 545.06 Td (\(68,649) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 477.75 545.06 Td (\(56,585) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 505.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 527.25 545.06 Td (\(363,700) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 559.50 545.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 531.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 318.75 531.06 Td (83,076) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 531.06 Td (\(48,926) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 531.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 426.75 531.06 Td (92,028) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 480.75 531.06 Td (21,821) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 531.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 531.06 Td (147,999) Tj ET Q BT /F2 9.00 Tf ET q 0 0 0 rg BT 52.50 502.05 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 488.06 Td (Receipt \(payment\) on settlements of commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 488.06 Td (\(27,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 369.75 488.06 Td (\(50,172) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 423.75 488.06 Td (\(24,914) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 451.50 488.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 488.06 Td (103,676) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 488.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 539.25 488.06 Td (1,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.50 474.06 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 269.95 478.14 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 474.06 Td (\(49,500) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 474.06 Td (\(124,599) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 474.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 474.06 Td (277,179) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 474.06 Td (450,754) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 474.06 Td (553,834) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 64.50 460.06 Td (Commodity derivatives income \(expense\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 299.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 315.75 460.06 Td (\(76,669) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 343.50 460.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 353.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.25 460.06 Td (\(174,771) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 397.50 460.06 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 407.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 422.25 460.06 Td (252,265) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 461.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 476.25 460.06 Td (554,430) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 515.50 460.06 Td ($) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 460.06 Td (555,255) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 432.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 432.10 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.68 432.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.75 432.10 Td (value ) Tj ET Q q 0 0 0 rg BT 144.60 432.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 167.90 432.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 200.64 432.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.84 432.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.58 432.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 306.65 432.10 Td (is ) Tj ET Q q 0 0 0 rg BT 315.51 432.10 Td (a ) Tj ET Q q 0 0 0 rg BT 322.14 432.10 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 367.32 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.52 432.10 Td (measure. ) Tj ET Q q 0 0 0 rg BT 407.52 432.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 432.10 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.35 432.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 469.65 432.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 500.73 432.10 Td (T) Tj ET Q q 0 0 0 rg BT 505.37 432.10 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.78 432.10 Td (above ) Tj ET Q q 0 0 0 rg BT 550.85 432.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 420.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.98 420.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 121.70 420.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 420.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 420.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.35 420.10 Td (between ) Tj ET Q q 0 0 0 rg BT 246.71 420.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 283.53 420.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.45 420.10 Td (value ) Tj ET Q q 0 0 0 rg BT 327.15 420.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 352.30 420.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 386.90 420.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.94 420.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 450.54 420.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 498.45 420.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.28 420.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.71 420.10 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 408.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 112.89 408.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.61 408.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.70 408.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.65 408.10 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 408.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 408.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.96 408.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.36 408.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 408.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 369.09 408.10 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 408.10 Td (See ) Tj ET Q q 0 0 0 rg BT 386.56 408.10 Td (also ) Tj ET Q q 0 0 0 rg BT 404.18 408.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 417.91 408.10 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 455.54 408.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.05 408.10 Td (Selected ) Tj ET Q q 0 0 0 rg BT 506.77 408.10 Td (Abbr) Tj ET Q q 0 0 0 rg BT 526.39 408.10 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 408.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 396.10 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 396.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 396.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 137.76 396.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 396.10 Td (noncash ) Tj ET Q q 0 0 0 rg BT 183.86 396.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.23 396.10 Td (value ) Tj ET Q q 0 0 0 rg BT 224.39 396.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 248.00 396.10 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 281.05 396.10 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 396.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 341.60 396.10 Td (derivatives.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 372.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.72 372.10 Td (order ) Tj ET Q q 0 0 0 rg BT 102.71 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.39 372.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 146.83 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.16 372.10 Td (level ) Tj ET Q q 0 0 0 rg BT 176.48 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.71 372.10 Td (price ) Tj ET Q q 0 0 0 rg BT 210.59 372.10 Td (protection ) Tj ET Q q 0 0 0 rg BT 254.02 372.10 Td (to ) Tj ET Q q 0 0 0 rg BT 264.69 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 272.02 372.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 303.80 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 315.03 372.10 Td (our ) Tj ET Q q 0 0 0 rg BT 331.25 372.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.70 372.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 393.42 372.10 Td (we ) Tj ET Q q 0 0 0 rg BT 407.97 372.10 Td (have ) Tj ET Q q 0 0 0 rg BT 429.74 372.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 462.06 372.10 Td (into ) Tj ET Q q 0 0 0 rg BT 480.51 372.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.84 372.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 540.72 372.10 Td (of ) Tj ET Q q 0 0 0 rg BT 551.95 372.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 360.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 79.46 360.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 111.63 360.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.08 360.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 172.07 360.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 201.74 360.10 Td (through ) Tj ET Q q 0 0 0 rg BT 235.87 360.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.10 360.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 278.55 360.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 309.88 360.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.23 360.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 346.74 360.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.76 360.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.21 360.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 389.67 360.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.67 360.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 400.18 360.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 449.30 360.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 494.52 360.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.97 360.10 Td (, ) Tj ET Q q 0 0 0 rg BT 539.49 360.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 360.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 348.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.02 348.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.98 348.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 191.60 348.10 Td (for ) Tj ET Q q 0 0 0 rg BT 206.01 348.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 248.75 348.10 Td (details ) Tj ET Q q 0 0 0 rg BT 277.59 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 288.67 348.10 Td (our ) Tj ET Q q 0 0 0 rg BT 304.75 348.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 354.16 348.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 402.45 348.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 445.18 348.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 484.02 348.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.10 348.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.17 348.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 348.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 336.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 73.76 336.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 89.96 336.10 Td (Market ) Tj ET Q q 0 0 0 rg BT 120.60 336.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 139.58 336.10 Td (Management) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.79 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.55 336.10 Td (below ) Tj ET Q q 0 0 0 rg BT 219.75 336.10 Td (for ) Tj ET Q q 0 0 0 rg BT 233.18 336.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 274.93 336.10 Td (discussion. ) Tj ET Q q 0 0 0 rg BT 320.86 336.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.63 336.10 Td (In ) Tj ET Q q 0 0 0 rg BT 332.72 336.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 369.75 336.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.73 336.10 Td (following ) Tj ET Q q 0 0 0 rg BT 424.38 336.10 Td (table ) Tj ET Q q 0 0 0 rg BT 445.58 336.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 495.11 336.10 Td (our ) Tj ET Q q 0 0 0 rg BT 510.20 336.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 522.52 336.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 324.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 88.09 324.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.92 324.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 324.10 Td (February ) Tj ET Q q 0 0 0 rg BT 148.35 324.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 163.35 324.10 Td (2017:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 298.60 92.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 298.60 173.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 298.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 298.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 298.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 284.60 92.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 284.60 173.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 284.60 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 284.60 59.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 284.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 284.60 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 243.60 92.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 243.60 173.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 243.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 243.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 243.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 243.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 229.60 92.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 229.60 173.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 229.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 229.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 229.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 229.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 187.60 92.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 187.60 173.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 187.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 187.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 187.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 187.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 173.60 92.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 173.60 173.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 173.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 173.60 59.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 173.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 173.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 131.60 92.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 141.00 131.60 173.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 314.00 131.60 59.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 373.00 131.60 59.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 432.00 131.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 131.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 298.6 m 373 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 298.6 m 432 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 298.6 m 497 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 298.6 m 562 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 298.6 m 373 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 298.6 m 432 298.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 131.60000000000002 m 373 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 131.60000000000002 m 432 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 131.60000000000002 m 497 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 131.60000000000002 m 562 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 314 131.60000000000002 m 373 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 373 131.60000000000002 m 432 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 432 131.60000000000002 m 497 131.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 131.60000000000002 m 562 131.60000000000002 l s BT /F2 8.00 Tf ET q 0 0 0 rg BT 333.85 302.83 Td (1Q17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 392.85 302.83 Td (2Q17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 454.85 302.83 Td (3Q17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 519.85 302.83 Td (4Q17) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.15 288.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 288.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 288.85 Td (22,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 288.85 Td (22,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 288.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 288.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.35 275.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 275.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 181.71 279.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 275.85 Td ($42.67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 275.85 Td ($43.99) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 275.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 275.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.45 261.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 261.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 261.85 Td (10,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 393.00 261.85 Td (7,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 261.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 261.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.35 247.85 Td (Fixed-Price Swaps) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 247.85 Td (Swap Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 181.71 251.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 247.85 Td ($43.77) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 247.85 Td ($45.35) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 247.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 247.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.15 233.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 233.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.00 233.85 Td (4,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 233.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 233.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 233.85 Td (1,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.90 219.85 Td (Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 219.85 Td (Floor / Ceiling Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.05 223.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.85 219.85 Td ($40 / $54.80) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 219.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 219.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 508.85 219.85 Td ($40 / $70.00) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 70.15 205.83 Td (WTI NYMEX) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 205.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 205.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 205.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 205.85 Td (14,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 205.85 Td (11,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.35 191.85 Td (3-Way Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 191.85 Td (Sold Put Price / Floor / Ceiling Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 263.05 195.48 Td (\(1\)\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 191.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 191.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 191.85 Td ($30 / $40 / $69.09) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.75 191.85 Td ($30 / $40 / $69.67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.45 177.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 177.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 334.00 177.85 Td (3,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 177.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 177.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 177.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 82.90 163.85 Td (Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 163.85 Td (Floor / Ceiling Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 211.05 167.48 Td (\(1\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 322.85 163.85 Td ($40 / $57.23) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 163.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.00 163.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 525.00 163.85 Td () Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.45 149.83 Td (Argus LLS) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 149.85 Td (Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 149.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 149.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.00 149.85 Td (2,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.00 149.85 Td (1,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 71.35 135.85 Td (3-Way Collars) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 135.85 Td (Sold Put Price / Floor / Ceiling Price ) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 263.05 139.48 Td (\(1\)\(2\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.00 135.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.00 135.85 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.75 135.85 Td ($31 / $41 / $69.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.75 135.85 Td ($31 / $41 / $70.25) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 143.50 120.85 Td (Total Volumes Hedged \(Bbls/d\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 332.00 120.85 Td (39,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.00 120.85 Td (29,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.00 120.85 Td (16,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 518.00 120.85 Td (13,000) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 93.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 93.10 Td (A) Tj ET Q q 0 0 0 rg BT 73.98 93.10 Td (verages ) Tj ET Q q 0 0 0 rg BT 107.02 93.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.72 93.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 154.22 93.10 Td (weighted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 81.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 81.10 Td (If ) Tj ET Q q 0 0 0 rg BT 76.36 81.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 89.12 81.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 115.20 81.10 Td (were ) Tj ET Q q 0 0 0 rg BT 136.83 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.81 81.10 Td (average ) Tj ET Q q 0 0 0 rg BT 180.09 81.10 Td (less ) Tj ET Q q 0 0 0 rg BT 197.29 81.10 Td (than ) Tj ET Q q 0 0 0 rg BT 216.71 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 81.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 250.00 81.10 Td (put ) Tj ET Q q 0 0 0 rg BT 264.98 81.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 289.67 81.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 322.96 81.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.16 81.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 378.46 81.10 Td (would ) Tj ET Q q 0 0 0 rg BT 405.66 81.10 Td (be ) Tj ET Q q 0 0 0 rg BT 417.30 81.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 447.83 81.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.81 81.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.23 81.10 Td (dif) Tj ET Q q 0 0 0 rg BT 483.16 81.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 514.77 81.10 Td (between ) Tj ET Q q 0 0 0 rg BT 550.29 81.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 69.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 89.44 69.10 Td (price ) Tj ET Q q 0 0 0 rg BT 111.92 69.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.86 69.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.58 69.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 162.75 69.10 Td (put ) Tj ET Q q 0 0 0 rg BT 178.03 69.10 Td (price.) Tj ET Q endstream endobj 103 0 obj <> endobj 104 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.37 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.79 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 137.54 713.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 167.74 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 194.04 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 204.80 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.56 713.10 Td (February ) Tj ET Q q 0 0 0 rg BT 254.08 713.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 269.01 713.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 293.94 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.81 713.10 Td (average ) Tj ET Q q 0 0 0 rg BT 354.32 713.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 414.51 713.10 Td ($54 ) Tj ET Q q 0 0 0 rg BT 431.93 713.10 Td (per ) Tj ET Q q 0 0 0 rg BT 447.13 713.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 464.01 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.10 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.74 713.10 Td (first ) Tj ET Q q 0 0 0 rg BT 511.28 713.10 Td (half ) Tj ET Q q 0 0 0 rg BT 529.25 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 540.01 713.10 Td (2017, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.78 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.84 701.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 128.54 701.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 155.82 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 173.66 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 188.16 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 209.88 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.50 701.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 246.93 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 261.43 701.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 300.37 701.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 329.30 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.14 701.10 Td (we ) Tj ET Q q 0 0 0 rg BT 361.64 701.10 Td (would ) Tj ET Q q 0 0 0 rg BT 389.48 701.10 Td (make ) Tj ET Q q 0 0 0 rg BT 413.98 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 434.59 701.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 475.75 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.92 701.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.52 701.10 Td ($58 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (million ) Tj ET Q q 0 0 0 rg BT 81.37 689.10 Td (during ) Tj ET Q q 0 0 0 rg BT 110.45 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.64 689.10 Td (first ) Tj ET Q q 0 0 0 rg BT 144.73 689.10 Td (half ) Tj ET Q q 0 0 0 rg BT 163.25 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.55 689.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 197.53 689.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 220.50 689.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 264.58 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.88 689.10 Td (these ) Tj ET Q q 0 0 0 rg BT 299.40 689.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 340.97 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.16 689.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 389.13 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.44 689.10 Td (which ) Tj ET Q q 0 0 0 rg BT 427.85 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.50 689.10 Td (dependent ) Tj ET Q q 0 0 0 rg BT 481.57 689.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 504.54 689.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 554.73 689.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.03 677.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 115.35 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 128.57 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 155.10 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 165.54 677.10 Td (relation ) Tj ET Q q 0 0 0 rg BT 198.73 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.17 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.04 677.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 247.24 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 273.78 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.76 677.10 Td (these ) Tj ET Q q 0 0 0 rg BT 307.97 677.10 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 337.57 677.10 Td (which ) Tj ET Q q 0 0 0 rg BT 364.66 677.10 Td (have ) Tj ET Q q 0 0 0 rg BT 386.19 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 393.29 677.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 432.60 677.10 Td (average ) Tj ET Q q 0 0 0 rg BT 466.34 677.10 Td (price ) Tj ET Q q 0 0 0 rg BT 488.98 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.97 677.10 Td ($43.63 ) Tj ET Q q 0 0 0 rg BT 530.13 677.10 Td (per ) Tj ET Q q 0 0 0 rg BT 545.55 677.10 Td (Bbl. ) Tj ET Q q 0 0 0 rg BT 565.00 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 99.57 665.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.84 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 180.22 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.28 665.10 Td (place ) Tj ET Q q 0 0 0 rg BT 213.66 665.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 250.93 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.44 665.10 Td (second ) Tj ET Q q 0 0 0 rg BT 295.49 665.10 Td (half ) Tj ET Q q 0 0 0 rg BT 313.33 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.94 665.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 346.23 665.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 372.40 665.10 Td (include ) Tj ET Q q 0 0 0 rg BT 404.12 665.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 433.07 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 449.79 665.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 492.05 665.10 Td (collars. ) Tj ET Q q 0 0 0 rg BT 523.49 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.78 665.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 552.51 665.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.96 653.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 120.19 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.11 653.10 Td (place ) Tj ET Q q 0 0 0 rg BT 155.34 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.92 653.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 212.72 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 226.42 653.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 257.33 653.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 284.34 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 295.81 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 307.28 653.10 Td (February ) Tj ET Q q 0 0 0 rg BT 346.52 653.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 362.16 653.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 387.80 653.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 424.27 653.10 Td (settlements ) Tj ET Q q 0 0 0 rg BT 472.40 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.75 653.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 526.98 653.10 Td (expected ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (during ) Tj ET Q q 0 0 0 rg BT 77.78 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.16 641.10 Td (second ) Tj ET Q q 0 0 0 rg BT 122.10 641.10 Td (half ) Tj ET Q q 0 0 0 rg BT 139.81 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.31 641.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 174.98 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.15 641.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 213.75 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.70 641.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 271.42 641.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 299.96 641.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 342.67 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.17 641.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 393.93 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.54 641.10 Td (new ) Tj ET Q q 0 0 0 rg BT 429.37 641.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 477.09 641.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 515.35 641.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 546.94 641.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 74.26 629.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 124.02 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 134.35 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.12 629.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 189.99 629.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 206.42 629.10 Td (value ) Tj ET Q q 0 0 0 rg BT 230.63 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 241.51 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 257.39 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 270.50 629.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 313.03 629.10 Td (contracts.Because ) Tj ET Q q 0 0 0 rg BT 392.49 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 406.70 629.10 Td (do ) Tj ET Q q 0 0 0 rg BT 419.25 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 434.58 629.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 462.12 629.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.55 629.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 534.97 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.19 629.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 96.96 617.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 138.84 617.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 179.34 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 193.46 617.10 Td (period-to-period ) Tj ET Q q 0 0 0 rg BT 260.90 617.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 295.01 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 304.69 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.81 617.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 334.59 617.10 Td (value ) Tj ET Q q 0 0 0 rg BT 358.15 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.39 617.10 Td (these ) Tj ET Q q 0 0 0 rg BT 390.84 617.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 431.34 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 441.57 617.10 Td (outlined ) Tj ET Q q 0 0 0 rg BT 476.25 617.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 504.53 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.64 617.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 75.61 605.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 120.32 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.15 605.10 Td (operations.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 98.12 581.10 Td (Expenses) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 75.33 557.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 118.94 557.10 Td (Expenses) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 516.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 516.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 516.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 516.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 516.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 486.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 486.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 486.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 486.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 486.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 456.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 456.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 456.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 456.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 456.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 426.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 426.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 426.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 426.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 426.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 396.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 396.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 396.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 396.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 396.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 366.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 366.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 366.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 366.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 366.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 336.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 336.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 336.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 336.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 336.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 531.6 m 423.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 531.6 m 427.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 531.6 m 492.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 531.6 m 496.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 531.6 m 561.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 516.6 m 354.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 531.6 m 423.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 516.6 m 423.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 531.6 m 492.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 516.6 m 492.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 531.6 m 561.5 531.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 516.6 m 561.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 516.6 m 354.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 516.6 m 423.5 516.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 471.6 m 423.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 471.6 m 492.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.6 m 561.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 441.6 m 423.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 441.6 m 423.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 427.6 m 423.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 425.6 m 423.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 441.6 m 492.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 427.6 m 492.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 425.6 m 492.5 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 441.6 m 561.5 441.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 427.6 m 561.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 425.6 m 561.5 425.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 536.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 521.31 Td (In thousands, except per-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 521.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 521.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 521.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 506.27 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 491.27 Td (Tertiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 491.27 Td (252,546) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 491.27 Td (315,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 491.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 491.27 Td (385,080) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 476.27 Td (Non-tertiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 476.27 Td (162,391) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 476.27 Td (213,336) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 476.27 Td (269,613) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 461.27 Td (Total normalized lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 461.27 Td (414,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 461.27 Td (528,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 461.27 Td (654,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 58.00 446.27 Td (T) Tj ET Q q 0 0 0 rg BT 63.41 446.27 Td (ertiary special or unusual items ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 198.37 450.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 446.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 446.32 Td (\(13,715) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 446.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 446.32 Td (\(7,134) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 446.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 431.27 Td (Total lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 431.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 431.27 Td (414,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 431.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 431.27 Td (515,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 431.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 431.27 Td (647,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 401.27 Td (Lease operating expenses per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 386.27 Td (Tertiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 386.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 386.27 Td (17.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 386.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 386.27 Td (20.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 386.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 386.27 Td (25.68) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 371.27 Td (Non-tertiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 371.27 Td (17.43) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 371.27 Td (18.70) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 371.27 Td (22.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 356.27 Td (Total normalized lease operating expenses per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 356.27 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 356.27 Td (19.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 356.27 Td (24.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 341.27 Td (T) Tj ET Q q 0 0 0 rg BT 57.41 341.27 Td (ertiary special or unusual items ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 192.37 345.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 341.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 341.32 Td (\(0.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 341.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 341.32 Td (\(0.47) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 341.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 326.27 Td (Total lease operating expenses per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 326.27 Td (17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 326.27 Td (19.37) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 326.27 Td (23.84) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 298.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 298.10 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 298.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 102.38 298.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 125.74 298.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 166.87 298.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 206.34 298.10 Td (during ) Tj ET Q q 0 0 0 rg BT 235.83 298.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.20 298.10 Td (included ) Tj ET Q q 0 0 0 rg BT 297.00 298.10 Td (special ) Tj ET Q q 0 0 0 rg BT 328.14 298.10 Td (items ) Tj ET Q q 0 0 0 rg BT 353.18 298.10 Td (related ) Tj ET Q q 0 0 0 rg BT 383.75 298.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.91 298.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 436.59 298.10 Td (and ) Tj ET Q q 0 0 0 rg BT 454.41 298.10 Td (other ) Tj ET Q q 0 0 0 rg BT 478.33 298.10 Td (reimbursements, ) Tj ET Q q 0 0 0 rg BT 548.07 298.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 286.10 Td (during ) Tj ET Q q 0 0 0 rg BT 96.40 286.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 119.19 286.10 Td (included ) Tj ET Q q 0 0 0 rg BT 156.41 286.10 Td (special ) Tj ET Q q 0 0 0 rg BT 186.96 286.10 Td (items ) Tj ET Q q 0 0 0 rg BT 211.42 286.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 254.76 286.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.88 286.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 288.66 286.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 329.21 286.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 368.10 286.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.33 286.10 Td (related ) Tj ET Q q 0 0 0 rg BT 415.32 286.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 456.43 286.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 500.30 286.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.87 286.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 553.08 286.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 274.10 Td (area ) Tj ET Q q 0 0 0 rg BT 86.65 274.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.48 274.10 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 122.19 274.10 Td (Field.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 250.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 84.58 250.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 106.10 250.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 145.40 250.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 166.93 250.10 Td (have ) Tj ET Q q 0 0 0 rg BT 187.34 250.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 222.75 250.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 274.27 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 284.14 250.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.11 250.10 Td (result ) Tj ET Q q 0 0 0 rg BT 313.86 250.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.72 250.10 Td (our ) Tj ET Q q 0 0 0 rg BT 338.58 250.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 356.23 250.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 395.52 250.10 Td (ef) Tj ET Q q 0 0 0 rg BT 403.11 250.10 Td (forts, ) Tj ET Q q 0 0 0 rg BT 425.47 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 435.34 250.10 Td (well ) Tj ET Q q 0 0 0 rg BT 454.09 250.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.95 250.10 Td (general ) Tj ET Q q 0 0 0 rg BT 494.91 250.10 Td (market ) Tj ET Q q 0 0 0 rg BT 524.20 250.10 Td (decreases ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.63 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.19 238.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 103.42 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.10 238.10 Td (many ) Tj ET Q q 0 0 0 rg BT 140.66 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.34 238.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.91 238.10 Td (components ) Tj ET Q q 0 0 0 rg BT 219.58 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.26 238.10 Td (these ) Tj ET Q q 0 0 0 rg BT 255.15 238.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 277.65 245.03 6.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 277.65 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 281.00 238.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.11 238.10 Td (The ) Tj ET Q q 0 0 0 rg BT 303.00 238.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.12 238.10 Td (was) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 359.67 245.03 205.34 -9.09 re f /GS0 gs q 0 0 0 rg BT 359.67 238.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.02 238.10 Td (due ) Tj ET Q q 0 0 0 rg BT 380.80 238.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.93 238.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 411.39 238.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 453.04 238.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.17 238.10 Td (most ) Tj ET Q q 0 0 0 rg BT 486.97 238.10 Td (categories ) Tj ET Q q 0 0 0 rg BT 530.85 238.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.53 238.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 233.03 242.38 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 226.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 90.38 226.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 132.10 226.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.43 226.10 Td (most ) Tj ET Q q 0 0 0 rg BT 170.00 226.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 215.33 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.78 226.10 Td (which ) Tj ET Q q 0 0 0 rg BT 254.33 226.10 Td (included ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 291.88 226.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 306.66 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 314.22 226.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 351.75 226.10 Td (in ) Tj ET Q q 0 0 0 rg BT 362.64 226.10 Td (workover ) Tj ET Q q 0 0 0 rg BT 404.08 226.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 427.20 226.10 Td (and ) Tj ET Q q 0 0 0 rg BT 444.76 226.10 Td (repairs ) Tj ET Q q 0 0 0 rg BT 475.08 226.10 Td (as ) Tj ET Q q 0 0 0 rg BT 486.53 226.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.08 226.10 Td (result ) Tj ET Q q 0 0 0 rg BT 519.42 226.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.87 226.10 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 214.10 Td (failures ) Tj ET Q q 0 0 0 rg BT 80.78 214.10 Td (through ) Tj ET Q q 0 0 0 rg BT 113.19 214.10 Td (root-cause ) Tj ET Q q 0 0 0 rg BT 156.13 214.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 189.65 214.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.38 214.10 Td (fewer ) Tj ET Q q 0 0 0 rg BT 229.44 214.10 Td (well ) Tj ET Q q 0 0 0 rg BT 247.96 214.10 Td (repairs ) Tj ET Q q 0 0 0 rg BT 276.46 214.10 Td (in ) Tj ET Q q 0 0 0 rg BT 285.54 214.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 306.83 214.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.46 214.10 Td (more ) Tj ET Q q 0 0 0 rg BT 338.31 214.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 360.71 214.10 Td (were ) Tj ET Q q 0 0 0 rg BT 381.44 214.10 Td (uneconomic ) Tj ET Q q 0 0 0 rg BT 431.61 214.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.69 214.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 465.30 214.10 Td (based ) Tj ET Q q 0 0 0 rg BT 489.37 214.10 Td (on ) Tj ET Q q 0 0 0 rg BT 500.66 214.10 Td (low ) Tj ET Q q 0 0 0 rg BT 516.96 214.10 Td (commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 202.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 78.15 202.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 92.08 202.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 117.11 202.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 131.01 200.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.73 202.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 170.21 202.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 207.47 202.10 Td (from ) Tj ET Q q 0 0 0 rg BT 229.18 202.10 Td (a ) Tj ET Q q 0 0 0 rg BT 235.89 202.10 Td (32% ) Tj ET Q q 0 0 0 rg BT 256.49 202.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 293.17 202.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.22 202.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 317.11 200.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.83 202.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 359.09 202.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 397.75 202.10 Td (\(3\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 409.41 200.67 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.89 202.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 435.92 202.10 Td (power ) Tj ET Q q 0 0 0 rg BT 463.18 202.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 485.45 202.10 Td (due ) Tj ET Q q 0 0 0 rg BT 502.16 202.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.21 202.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 537.25 202.10 Td (usage, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.77 190.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 81.26 190.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 106.86 190.10 Td (company ) Tj ET Q q 0 0 0 rg BT 146.35 190.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 169.73 190.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 192.56 190.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 230.39 190.10 Td (from ) Tj ET Q q 0 0 0 rg BT 252.66 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 259.93 190.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 300.53 190.10 Td (in ) Tj ET Q q 0 0 0 rg BT 311.14 190.10 Td (force. ) Tj ET Q q 0 0 0 rg BT 337.00 190.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.84 190.10 Td (On ) Tj ET Q q 0 0 0 rg BT 354.89 190.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.16 190.10 Td (per) Tj ET Q q 0 0 0 rg BT 374.73 190.10 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 400.89 190.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 426.22 190.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.39 190.10 Td (total ) Tj ET Q q 0 0 0 rg BT 462.99 190.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 485.81 190.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 526.40 190.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.10 Td (during ) Tj ET Q q 0 0 0 rg BT 78.98 178.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 102.35 178.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 145.14 178.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.95 178.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 191.32 178.10 Td (levels; ) Tj ET Q q 0 0 0 rg BT 220.79 178.10 Td (however) Tj ET Q q 0 0 0 rg BT 254.82 178.10 Td (, ) Tj ET Q q 0 0 0 rg BT 260.69 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.28 178.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 314.07 178.10 Td (on ) Tj ET Q q 0 0 0 rg BT 327.44 178.10 Td (a ) Tj ET Q q 0 0 0 rg BT 335.25 178.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 381.92 178.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 405.29 178.10 Td (was ) Tj ET Q q 0 0 0 rg BT 424.22 178.10 Td (not ) Tj ET Q q 0 0 0 rg BT 440.37 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.07 178.10 Td (lar) Tj ET Q q 0 0 0 rg BT 462.43 178.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 475.24 178.10 Td (as ) Tj ET Q q 0 0 0 rg BT 486.95 178.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.53 178.10 Td (absolute-dollar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.10 Td (decrease, ) Tj ET Q q 0 0 0 rg BT 88.91 166.10 Td (as ) Tj ET Q q 0 0 0 rg BT 99.74 166.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.57 166.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 140.84 166.10 Td (production ) Tj ET Q q 0 0 0 rg BT 186.67 166.10 Td (between ) Tj ET Q q 0 0 0 rg BT 222.48 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.20 166.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 269.14 166.10 Td (of) Tj ET Q q 0 0 0 rg BT 277.29 166.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 294.23 166.10 Td (some ) Tj ET Q q 0 0 0 rg BT 317.83 166.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.67 166.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.38 166.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 361.99 166.10 Td (reductions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 142.10 Td (Currently) Tj ET Q q 0 0 0 rg BT 105.18 142.10 Td (, ) Tj ET Q q 0 0 0 rg BT 110.38 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 126.41 142.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.31 140.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.56 142.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.26 142.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 181.17 142.10 Td (comprises ) Tj ET Q q 0 0 0 rg BT 224.42 142.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 284.88 142.10 Td (20% ) Tj ET Q q 0 0 0 rg BT 305.92 142.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.95 142.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.99 142.10 Td (typical ) Tj ET Q q 0 0 0 rg BT 362.90 142.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 394.48 142.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 417.17 142.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 457.64 142.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 498.94 142.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.08 142.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.45 142.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.37 142.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 140.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.60 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.60 130.10 Td (already ) Tj ET Q q 0 0 0 rg BT 130.36 130.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 152.43 130.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 186.44 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.11 130.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 211.00 128.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.25 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 216.59 130.10 Td (production ) Tj ET Q q 0 0 0 rg BT 262.25 130.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 303.19 130.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.97 130.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.97 130.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.53 130.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 362.42 128.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.67 130.10 Td ( ) Tj ET Q q 0 0 0 rg BT 368.01 130.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 403.11 130.10 Td (we ) Tj ET Q q 0 0 0 rg BT 417.11 130.10 Td (do ) Tj ET Q q 0 0 0 rg BT 429.45 130.10 Td (not ) Tj ET Q q 0 0 0 rg BT 444.57 130.10 Td (own, ) Tj ET Q q 0 0 0 rg BT 466.63 130.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 500.64 130.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.31 130.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.98 130.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 118.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.59 118.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 73.48 116.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.73 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.48 118.10 Td (from ) Tj ET Q q 0 0 0 rg BT 99.68 118.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 129.76 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 145.96 118.10 Td (working ) Tj ET Q q 0 0 0 rg BT 181.04 118.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.23 118.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.87 118.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.07 118.10 Td (industrial) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 296.84 116.67 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.98 118.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 332.23 118.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.99 118.10 Td (During ) Tj ET Q q 0 0 0 rg BT 364.07 118.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.05 118.10 Td (year ) Tj ET Q q 0 0 0 rg BT 397.01 118.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 422.65 118.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 480.49 118.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 504.74 118.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 106.10 Td (57% ) Tj ET Q q 0 0 0 rg BT 70.38 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.25 106.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.01 106.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 109.90 104.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.15 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.70 106.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 148.24 106.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.56 106.10 Td (our ) Tj ET Q q 0 0 0 rg BT 174.43 106.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 188.33 104.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.58 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.12 106.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 221.67 106.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 261.43 106.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.30 106.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 286.20 104.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.45 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 291.99 106.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 321.20 106.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.18 106.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 377.93 106.10 Td (by ) Tj ET Q q 0 0 0 rg BT 390.48 106.10 Td (us ) Tj ET Q q 0 0 0 rg BT 401.92 106.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 421.12 106.10 Td (net ) Tj ET Q q 0 0 0 rg BT 435.88 106.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 470.07 106.10 Td (interest\). ) Tj ET Q q 0 0 0 rg BT 507.88 106.10 Td ( ) Tj ET Q q 0 0 0 rg BT 510.24 106.10 Td (The ) Tj ET Q q 0 0 0 rg BT 528.34 106.10 Td (price ) Tj ET Q q 0 0 0 rg BT 550.87 106.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 66.69 94.10 Td (others ) Tj ET Q q 0 0 0 rg BT 93.88 94.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.28 94.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 122.18 92.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.43 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.17 94.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 154.80 94.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.55 94.10 Td (source ) Tj ET Q q 0 0 0 rg BT 196.40 94.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.58 94.10 Td (is ) Tj ET Q q 0 0 0 rg BT 223.00 94.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 262.95 94.10 Td (indexed ) Tj ET Q q 0 0 0 rg BT 297.36 94.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.89 94.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 321.19 94.10 Td (prices. ) Tj ET Q q 0 0 0 rg BT 350.32 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 352.87 94.10 Td (When ) Tj ET Q q 0 0 0 rg BT 379.49 94.10 Td (combining ) Tj ET Q q 0 0 0 rg BT 425.02 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.98 94.10 Td (production ) Tj ET Q q 0 0 0 rg BT 486.06 94.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 504.91 94.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.99 94.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.96 94.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.85 92.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.10 94.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.85 94.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 82.10 Td (own ) Tj ET Q q 0 0 0 rg BT 69.48 82.10 Td (with ) Tj ET Q q 0 0 0 rg BT 90.03 82.10 Td (what ) Tj ET Q q 0 0 0 rg BT 112.23 82.10 Td (we ) Tj ET Q q 0 0 0 rg BT 126.65 82.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 143.85 82.10 Td (third ) Tj ET Q q 0 0 0 rg BT 165.50 82.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 194.92 82.10 Td (for ) Tj ET Q q 0 0 0 rg BT 209.34 82.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 223.23 80.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.48 82.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.74 82.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.84 82.10 Td (average ) Tj ET Q q 0 0 0 rg BT 281.68 82.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 300.56 82.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.65 82.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 325.54 80.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.79 82.10 Td ( ) Tj ET Q q 0 0 0 rg BT 331.55 82.10 Td (during ) Tj ET Q q 0 0 0 rg BT 360.42 82.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 383.19 82.10 Td (was ) Tj ET Q q 0 0 0 rg BT 401.50 82.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 462.02 82.10 Td ($0.38 ) Tj ET Q q 0 0 0 rg BT 487.28 82.10 Td (per ) Tj ET Q q 0 0 0 rg BT 502.82 82.10 Td (Mcf, ) Tj ET Q q 0 0 0 rg BT 524.74 82.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 70.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 72.22 70.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 91.61 70.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.79 70.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 117.68 68.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.93 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.11 70.10 Td (production ) Tj ET Q q 0 0 0 rg BT 168.61 70.10 Td (but ) Tj ET Q q 0 0 0 rg BT 183.56 70.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 225.17 70.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 267.06 70.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 318.65 70.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.26 70.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 387.98 70.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.48 70.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 427.31 70.10 Td (expended ) Tj ET Q q 0 0 0 rg BT 467.80 70.10 Td (at ) Tj ET Q q 0 0 0 rg BT 477.19 70.10 Td (our ) Tj ET Q q 0 0 0 rg BT 492.70 70.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 506.59 68.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.84 70.10 Td ( ) Tj ET Q q 0 0 0 rg BT 512.01 70.10 Td (source ) Tj ET Q q 0 0 0 rg BT 540.29 70.10 Td (fields ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.99 58.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 105.81 58.10 Td (sources. ) Tj ET Q q 0 0 0 rg BT 140.34 58.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.24 58.10 Td (This ) Tj ET Q q 0 0 0 rg BT 162.07 58.10 Td (per) Tj ET Q q 0 0 0 rg BT 174.64 58.10 Td (-Mcf ) Tj ET Q q 0 0 0 rg BT 196.68 58.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.57 56.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.15 58.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 233.30 58.10 Td (during ) Tj ET Q q 0 0 0 rg BT 261.46 58.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 283.51 58.10 Td (was ) Tj ET Q q 0 0 0 rg BT 301.10 58.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 333.16 58.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 360.75 58.10 Td (than ) Tj ET Q q 0 0 0 rg BT 380.02 58.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.28 58.10 Td ($0.35 ) Tj ET Q q 0 0 0 rg BT 418.83 58.10 Td (per ) Tj ET Q q 0 0 0 rg BT 433.64 58.10 Td (Mcf ) Tj ET Q q 0 0 0 rg BT 452.35 58.10 Td (comparable ) Tj ET Q q 0 0 0 rg BT 501.04 58.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 536.40 58.10 Td (during ) Tj ET Q endstream endobj 105 0 obj <> endobj 106 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (52) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 72.14 713.10 Td (due ) Tj ET Q q 0 0 0 rg BT 89.21 713.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 129.06 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.48 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 146.55 713.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 171.96 713.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 215.14 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.11 713.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 240.00 711.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.25 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.38 713.10 Td (while ) Tj ET Q q 0 0 0 rg BT 273.24 713.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 303.08 713.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 337.93 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.00 713.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 400.41 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 423.04 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.89 713.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 478.28 713.10 Td (fixed, ) Tj ET Q q 0 0 0 rg BT 503.97 713.10 Td (partially ) Tj ET Q q 0 0 0 rg BT 539.92 713.10 Td (of) Tj ET Q q 0 0 0 rg BT 548.07 713.10 Td (fset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 699.90 Td (by ) Tj ET Q q 0 0 0 rg BT 62.00 699.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 90.05 699.90 Td (utilization ) Tj ET Q q 0 0 0 rg BT 133.09 699.90 Td (of ) Tj ET Q q 0 0 0 rg BT 143.92 699.90 Td (industrial-source ) Tj ET Q q 0 0 0 rg BT 213.63 699.90 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 227.52 698.47 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.77 699.90 Td (, ) Tj ET Q q 0 0 0 rg BT 235.77 699.90 Td (which ) Tj ET Q q 0 0 0 rg BT 262.71 699.90 Td (has ) Tj ET Q q 0 0 0 rg BT 278.54 699.90 Td (a ) Tj ET Q q 0 0 0 rg BT 285.47 699.90 Td (higher ) Tj ET Q q 0 0 0 rg BT 313.52 699.90 Td (average ) Tj ET Q q 0 0 0 rg BT 347.10 699.90 Td (cost ) Tj ET Q q 0 0 0 rg BT 365.71 699.90 Td (than ) Tj ET Q q 0 0 0 rg BT 385.43 699.90 Td (our ) Tj ET Q q 0 0 0 rg BT 401.26 699.90 Td (naturally) Tj ET Q BT /F5 11.00 Tf ET q 0 0 0 rg BT 436.80 699.90 Td (-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.17 699.90 Td (occurring ) Tj ET Q q 0 0 0 rg BT 480.99 699.90 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 494.88 698.47 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.75 699.90 Td (sources. ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 675.90 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 93.66 675.90 Td (and ) Tj ET Q q 0 0 0 rg BT 111.16 675.90 Td (Plant ) Tj ET Q q 0 0 0 rg BT 135.32 675.90 Td (Operating ) Tj ET Q q 0 0 0 rg BT 178.93 675.90 Td (Expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 651.90 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 112.79 651.90 Td (and ) Tj ET Q q 0 0 0 rg BT 130.87 651.90 Td (plant ) Tj ET Q q 0 0 0 rg BT 154.51 651.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 195.91 651.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 235.65 651.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 276.50 651.90 Td (consist ) Tj ET Q q 0 0 0 rg BT 307.92 651.90 Td (of ) Tj ET Q q 0 0 0 rg BT 319.88 651.90 Td (amounts ) Tj ET Q q 0 0 0 rg BT 357.41 651.90 Td (incurred ) Tj ET Q q 0 0 0 rg BT 394.37 651.90 Td (related ) Tj ET Q q 0 0 0 rg BT 425.21 651.90 Td (to ) Tj ET Q q 0 0 0 rg BT 436.62 651.90 Td (the ) Tj ET Q q 0 0 0 rg BT 452.48 651.90 Td (marketing, ) Tj ET Q q 0 0 0 rg BT 499.16 651.90 Td (processing, ) Tj ET Q q 0 0 0 rg BT 548.07 651.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 639.90 Td (transportation ) Tj ET Q q 0 0 0 rg BT 107.40 639.90 Td (of ) Tj ET Q q 0 0 0 rg BT 118.09 639.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.00 639.90 Td (and ) Tj ET Q q 0 0 0 rg BT 147.80 639.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 177.92 639.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 193.61 639.90 Td (production, ) Tj ET Q q 0 0 0 rg BT 241.79 639.90 Td (and ) Tj ET Q q 0 0 0 rg BT 258.58 639.90 Td (to ) Tj ET Q q 0 0 0 rg BT 268.72 639.90 Td (a ) Tj ET Q q 0 0 0 rg BT 275.52 639.90 Td (lesser ) Tj ET Q q 0 0 0 rg BT 300.64 639.90 Td (extent ) Tj ET Q q 0 0 0 rg BT 327.43 639.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 365.89 639.90 Td (related ) Tj ET Q q 0 0 0 rg BT 395.45 639.90 Td (to ) Tj ET Q q 0 0 0 rg BT 405.58 639.90 Td (our ) Tj ET Q q 0 0 0 rg BT 421.27 639.90 Td (Riley ) Tj ET Q q 0 0 0 rg BT 445.29 639.90 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 471.54 639.90 Td (gas ) Tj ET Q q 0 0 0 rg BT 487.23 639.90 Td (processing ) Tj ET Q q 0 0 0 rg BT 532.35 639.90 Td (facility) Tj ET Q q 0 0 0 rg BT 560.02 639.90 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 639.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 627.90 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 95.09 627.90 Td (and ) Tj ET Q q 0 0 0 rg BT 113.47 627.90 Td (plant ) Tj ET Q q 0 0 0 rg BT 137.41 627.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 179.11 627.90 Td (expenses ) Tj ET Q q 0 0 0 rg BT 219.15 627.90 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.51 627.90 Td ($57.5 ) Tj ET Q q 0 0 0 rg BT 268.95 627.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.84 627.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.28 627.90 Td ($55.7 ) Tj ET Q q 0 0 0 rg BT 330.72 627.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.61 627.90 Td ( ) Tj ET Q q 0 0 0 rg BT 363.55 627.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.93 627.90 Td ($64.4 ) Tj ET Q q 0 0 0 rg BT 408.37 627.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.26 627.90 Td ( ) Tj ET Q q 0 0 0 rg BT 441.20 627.90 Td (during ) Tj ET Q q 0 0 0 rg BT 471.25 627.90 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.69 627.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.69 627.90 Td ( ) Tj ET Q q 0 0 0 rg BT 521.63 627.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 627.90 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 627.90 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 615.90 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 615.90 Td (.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 591.90 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 591.90 Td (axes ) Tj ET Q q 0 0 0 rg BT 74.41 591.90 Td (Other ) Tj ET Q q 0 0 0 rg BT 100.24 591.90 Td (than ) Tj ET Q q 0 0 0 rg BT 120.52 591.90 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 567.90 Td (T) Tj ET Q q 0 0 0 rg BT 72.91 567.90 Td (axes ) Tj ET Q q 0 0 0 rg BT 94.04 567.90 Td (other ) Tj ET Q q 0 0 0 rg BT 117.94 567.90 Td (than ) Tj ET Q q 0 0 0 rg BT 138.52 567.90 Td (income ) Tj ET Q q 0 0 0 rg BT 171.31 567.90 Td (includes ) Tj ET Q q 0 0 0 rg BT 207.99 567.90 Td (production, ) Tj ET Q q 0 0 0 rg BT 257.18 567.90 Td (ad ) Tj ET Q q 0 0 0 rg BT 269.97 567.90 Td (valorem ) Tj ET Q q 0 0 0 rg BT 306.10 567.90 Td (and ) Tj ET Q q 0 0 0 rg BT 323.89 567.90 Td (franchise ) Tj ET Q q 0 0 0 rg BT 363.90 567.90 Td (taxes. ) Tj ET Q q 0 0 0 rg BT 390.30 567.90 Td ( ) Tj ET Q q 0 0 0 rg BT 393.42 567.90 Td (T) Tj ET Q q 0 0 0 rg BT 398.83 567.90 Td (axes ) Tj ET Q q 0 0 0 rg BT 419.95 567.90 Td (other ) Tj ET Q q 0 0 0 rg BT 443.86 567.90 Td (than ) Tj ET Q q 0 0 0 rg BT 464.43 567.90 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.23 567.90 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.64 567.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.00 567.90 Td ($32.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 555.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 555.90 Td ( ) Tj ET Q q 0 0 0 rg BT 81.17 555.90 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.50 555.90 Td (29%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.83 555.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 108.95 555.90 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.04 555.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.04 555.90 Td ( ) Tj ET Q q 0 0 0 rg BT 167.83 555.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.05 555.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.05 555.90 Td (, ) Tj ET Q q 0 0 0 rg BT 210.33 555.90 Td (due ) Tj ET Q q 0 0 0 rg BT 227.55 555.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 267.54 555.90 Td (to ) Tj ET Q q 0 0 0 rg BT 278.10 555.90 Td (a ) Tj ET Q q 0 0 0 rg BT 285.33 555.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 322.52 555.90 Td (in ) Tj ET Q q 0 0 0 rg BT 333.08 555.90 Td (production ) Tj ET Q q 0 0 0 rg BT 379.19 555.90 Td (taxes ) Tj ET Q q 0 0 0 rg BT 402.52 555.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 440.30 555.90 Td (from ) Tj ET Q q 0 0 0 rg BT 462.52 555.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 488.07 555.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 501.41 555.90 Td (and ) Tj ET Q q 0 0 0 rg BT 518.63 555.90 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.17 555.90 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 543.90 Td (revenues ) Tj ET Q q 0 0 0 rg BT 87.54 543.90 Td (and ) Tj ET Q q 0 0 0 rg BT 104.48 543.90 Td (a ) Tj ET Q q 0 0 0 rg BT 111.41 543.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 148.33 543.90 Td (in ) Tj ET Q q 0 0 0 rg BT 158.61 543.90 Td (the ) Tj ET Q q 0 0 0 rg BT 173.32 543.90 Td (assessed ) Tj ET Q q 0 0 0 rg BT 209.71 543.90 Td (value ) Tj ET Q q 0 0 0 rg BT 233.86 543.90 Td (of ) Tj ET Q q 0 0 0 rg BT 244.69 543.90 Td (our ) Tj ET Q q 0 0 0 rg BT 260.52 543.90 Td (properties ) Tj ET Q q 0 0 0 rg BT 303.01 543.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 340.50 543.90 Td (in ) Tj ET Q q 0 0 0 rg BT 350.78 543.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 376.05 543.90 Td (ad ) Tj ET Q q 0 0 0 rg BT 387.99 543.90 Td (valorem ) Tj ET Q q 0 0 0 rg BT 423.25 543.90 Td (taxes.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 519.90 Td (General ) Tj ET Q q 0 0 0 rg BT 85.33 519.90 Td (and ) Tj ET Q q 0 0 0 rg BT 103.02 519.90 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 166.08 519.90 Td (Expenses ) Tj ET Q q 0 0 0 rg BT 207.47 519.90 Td (\(G&A\)) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 479.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 479.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 479.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 479.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 479.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 479.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 479.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 449.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 449.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 449.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 449.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 449.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 449.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 449.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 419.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 419.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 419.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 419.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 419.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 419.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 419.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 389.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 389.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 389.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 389.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 389.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 389.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 389.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 359.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 359.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 359.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 359.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 359.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 359.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 359.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 329.40 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 329.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 329.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 329.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 329.40 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 329.40 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 329.40 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 494.4 m 423.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 494.4 m 427.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 494.4 m 492.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 494.4 m 496.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 494.4 m 561.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 479.4 m 354.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 494.4 m 423.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 479.4 m 423.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 494.4 m 427.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 494.4 m 492.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 479.4 m 492.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 494.4 m 496.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 494.4 m 561.5 494.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 479.4 m 561.5 479.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 419.4 m 423.5 419.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 419.4 m 492.5 419.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 419.4 m 561.5 419.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 405.4 m 423.5 405.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 403.4 m 423.5 403.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 405.4 m 492.5 405.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 403.4 m 492.5 403.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 405.4 m 561.5 405.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 403.4 m 561.5 403.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 344.4 m 423.5 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 330.4 m 423.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 328.4 m 423.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 344.4 m 492.5 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 330.4 m 492.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 328.4 m 492.5 328.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 344.4 m 561.5 344.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 330.4 m 561.5 330.4 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 328.4 m 561.5 328.4 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 499.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 499.07 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 484.11 Td (In thousands, except per-BOE data and employees) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 484.07 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 484.07 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 484.07 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 469.07 Td (Gross cash compensation and administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 469.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 469.07 Td (271,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 469.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 469.07 Td (328,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 469.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 469.07 Td (352,651) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 454.07 Td (Gross stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 454.07 Td (21,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 454.07 Td (39,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 454.07 Td (39,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 439.07 Td (Operator labor and overhead recovery charges) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 439.12 Td (\(133,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 439.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 439.12 Td (\(161,182) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 439.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 439.12 Td (\(171,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 439.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 424.07 Td (Capitalized exploration and development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 424.12 Td (\(48,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 424.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 424.12 Td (\(62,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 424.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 424.12 Td (\(62,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 424.07 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 409.07 Td (Net G&A expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 409.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 409.07 Td (109,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 409.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 409.07 Td (144,564) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 409.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 409.07 Td (158,343) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 379.07 Td (G&A per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 379.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 379.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 379.07 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 364.07 Td (Net administrative costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 364.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 364.07 Td (4.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 364.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 364.07 Td (4.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 364.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 364.07 Td (4.81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 349.07 Td (Net stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 349.07 Td (0.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 349.07 Td (1.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 349.07 Td (1.02) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 334.07 Td (Net G&A expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 334.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 334.07 Td (4.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 334.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 334.07 Td (5.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 334.07 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 334.07 Td (5.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 319.07 Td (Employees as of December 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 319.07 Td (1,058) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 319.07 Td (1,356) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 319.07 Td (1,523) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 302.90 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 290.90 Td (Gross ) Tj ET Q q 0 0 0 rg BT 93.38 290.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 113.69 290.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 171.78 290.90 Td (and ) Tj ET Q q 0 0 0 rg BT 188.77 290.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 248.52 290.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 271.06 290.90 Td (on ) Tj ET Q q 0 0 0 rg BT 283.61 290.90 Td (an ) Tj ET Q q 0 0 0 rg BT 295.59 290.90 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 358.12 290.90 Td (basis ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.66 290.90 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.08 290.90 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 422.62 290.90 Td ($57.8 ) Tj ET Q q 0 0 0 rg BT 447.67 290.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.56 290.90 Td ( ) Tj ET Q q 0 0 0 rg BT 479.11 290.90 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.44 290.90 Td (18%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.77 290.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 506.64 290.90 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.50 290.90 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 278.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.11 278.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.11 278.90 Td (, ) Tj ET Q q 0 0 0 rg BT 90.77 278.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 130.15 278.90 Td (due ) Tj ET Q q 0 0 0 rg BT 146.76 278.90 Td (to ) Tj ET Q q 0 0 0 rg BT 156.70 278.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 181.64 278.90 Td (employee-related ) Tj ET Q q 0 0 0 rg BT 253.21 278.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 275.38 278.90 Td (such ) Tj ET Q q 0 0 0 rg BT 295.87 278.90 Td (as ) Tj ET Q q 0 0 0 rg BT 306.37 278.90 Td (salaries, ) Tj ET Q q 0 0 0 rg BT 341.02 278.90 Td (bonus ) Tj ET Q q 0 0 0 rg BT 367.08 278.90 Td (accruals ) Tj ET Q q 0 0 0 rg BT 402.00 278.90 Td (and ) Tj ET Q q 0 0 0 rg BT 418.61 278.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 460.21 278.90 Td (incentives.) Tj ET Q q 0 0 0 rg BT 507.70 278.90 Td (As ) Tj ET Q q 0 0 0 rg BT 520.98 278.90 Td (part ) Tj ET Q q 0 0 0 rg BT 538.69 278.90 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 278.90 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 266.90 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 266.90 Td (forts ) Tj ET Q q 0 0 0 rg BT 76.85 266.90 Td (to ) Tj ET Q q 0 0 0 rg BT 86.06 266.90 Td (reduce ) Tj ET Q q 0 0 0 rg BT 114.14 266.90 Td (overhead ) Tj ET Q q 0 0 0 rg BT 152.22 266.90 Td (and ) Tj ET Q q 0 0 0 rg BT 168.09 266.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 207.29 266.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 228.72 266.90 Td (in ) Tj ET Q q 0 0 0 rg BT 237.93 266.90 Td (response ) Tj ET Q q 0 0 0 rg BT 274.36 266.90 Td (to ) Tj ET Q q 0 0 0 rg BT 283.57 266.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.22 266.90 Td (significant ) Tj ET Q q 0 0 0 rg BT 340.86 266.90 Td (decline ) Tj ET Q q 0 0 0 rg BT 371.17 266.90 Td (in ) Tj ET Q q 0 0 0 rg BT 380.38 266.90 Td (oil ) Tj ET Q q 0 0 0 rg BT 392.37 266.90 Td (prices, ) Tj ET Q q 0 0 0 rg BT 420.18 266.90 Td (we ) Tj ET Q q 0 0 0 rg BT 433.27 266.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 466.35 266.90 Td (our ) Tj ET Q q 0 0 0 rg BT 481.11 266.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 521.42 266.90 Td (headcount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 254.90 Td (in ) Tj ET Q q 0 0 0 rg BT 60.54 254.90 Td (mid-2015 ) Tj ET Q q 0 0 0 rg BT 102.70 254.90 Td (and ) Tj ET Q q 0 0 0 rg BT 120.40 254.90 Td (further ) Tj ET Q q 0 0 0 rg BT 150.87 254.90 Td (reduced ) Tj ET Q q 0 0 0 rg BT 185.78 254.90 Td (our ) Tj ET Q q 0 0 0 rg BT 202.38 254.90 Td (employee ) Tj ET Q q 0 0 0 rg BT 244.52 254.90 Td (headcount ) Tj ET Q q 0 0 0 rg BT 288.88 254.90 Td (in ) Tj ET Q q 0 0 0 rg BT 299.92 254.90 Td (February ) Tj ET Q q 0 0 0 rg BT 339.29 254.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 362.55 254.90 Td (through ) Tj ET Q q 0 0 0 rg BT 396.92 254.90 Td (involuntary ) Tj ET Q q 0 0 0 rg BT 446.29 254.90 Td (workforce ) Tj ET Q q 0 0 0 rg BT 490.65 254.90 Td (reductions, ) Tj ET Q q 0 0 0 rg BT 538.07 254.90 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 242.90 Td (contributed ) Tj ET Q q 0 0 0 rg BT 97.63 242.90 Td (to ) Tj ET Q q 0 0 0 rg BT 107.99 242.90 Td (an ) Tj ET Q q 0 0 0 rg BT 120.01 242.90 Td (overall ) Tj ET Q q 0 0 0 rg BT 150.36 242.90 Td (headcount ) Tj ET Q q 0 0 0 rg BT 194.04 242.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 234.39 242.90 Td (of ) Tj ET Q q 0 0 0 rg BT 245.30 242.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 305.64 242.90 Td (31% ) Tj ET Q q 0 0 0 rg BT 326.56 242.90 Td (between ) Tj ET Q q 0 0 0 rg BT 362.46 242.90 Td (December ) Tj ET Q q 0 0 0 rg BT 406.13 242.90 Td (31, ) Tj ET Q q 0 0 0 rg BT 421.21 242.90 Td (2014 ) Tj ET Q q 0 0 0 rg BT 443.80 242.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.82 242.90 Td (December31, ) Tj ET Q q 0 0 0 rg BT 519.49 242.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.49 242.90 Td (. ) Tj ET Q q 0 0 0 rg BT 544.57 242.90 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 242.90 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 230.90 Td (severance-related ) Tj ET Q q 0 0 0 rg BT 121.95 230.90 Td (payments ) Tj ET Q q 0 0 0 rg BT 162.77 230.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.37 230.90 Td (with ) Tj ET Q q 0 0 0 rg BT 226.64 230.90 Td (the ) Tj ET Q q 0 0 0 rg BT 241.36 230.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 263.86 230.90 Td (workforce ) Tj ET Q q 0 0 0 rg BT 307.45 230.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 347.71 230.90 Td (were ) Tj ET Q q 0 0 0 rg BT 369.64 230.90 Td (approximately ) Tj ET Q q 0 0 0 rg BT 429.90 230.90 Td ($9.3 ) Tj ET Q q 0 0 0 rg BT 449.90 230.90 Td (million.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 206.90 Td (Net ) Tj ET Q q 0 0 0 rg BT 84.37 206.90 Td (G&A) Tj ET Q q 0 0 0 rg BT 106.04 206.90 Td ( ) Tj ET Q q 0 0 0 rg BT 108.47 206.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 143.10 206.90 Td (on ) Tj ET Q q 0 0 0 rg BT 155.53 206.90 Td (a ) Tj ET Q q 0 0 0 rg BT 162.40 206.90 Td (per) Tj ET Q q 0 0 0 rg BT 174.97 206.90 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 200.73 206.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 223.16 206.90 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.00 206.90 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.33 206.90 Td ( ) Tj ET Q q 0 0 0 rg BT 285.76 206.90 Td (between ) Tj ET Q q 0 0 0 rg BT 321.50 206.90 Td (2015 ) Tj ET Q q 0 0 0 rg BT 343.93 206.90 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 360.80 206.90 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.80 206.90 Td (. ) Tj ET Q q 0 0 0 rg BT 385.73 206.90 Td ( ) Tj ET Q q 0 0 0 rg BT 387.98 206.90 Td (This ) Tj ET Q q 0 0 0 rg BT 408.19 206.90 Td (decrease ) Tj ET Q q 0 0 0 rg BT 445.03 206.90 Td (was ) Tj ET Q q 0 0 0 rg BT 463.02 206.90 Td (primarily ) Tj ET Q q 0 0 0 rg BT 502.66 206.90 Td (based ) Tj ET Q q 0 0 0 rg BT 527.85 206.90 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.28 206.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 194.90 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.69 194.90 Td (noted ) Tj ET Q q 0 0 0 rg BT 107.88 194.90 Td (in ) Tj ET Q q 0 0 0 rg BT 117.64 194.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 140.73 194.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 160.48 194.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 218.00 194.90 Td (and ) Tj ET Q q 0 0 0 rg BT 234.42 194.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 293.60 194.90 Td (costs, ) Tj ET Q q 0 0 0 rg BT 318.08 194.90 Td (partially ) Tj ET Q q 0 0 0 rg BT 353.38 194.90 Td (of) Tj ET Q q 0 0 0 rg BT 361.53 194.90 Td (fset ) Tj ET Q q 0 0 0 rg BT 377.95 194.90 Td (by ) Tj ET Q q 0 0 0 rg BT 389.93 194.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 414.68 194.90 Td (operator ) Tj ET Q q 0 0 0 rg BT 449.97 194.90 Td (labor ) Tj ET Q q 0 0 0 rg BT 472.50 194.90 Td (and ) Tj ET Q q 0 0 0 rg BT 488.91 194.90 Td (overhead ) Tj ET Q q 0 0 0 rg BT 527.54 194.90 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 182.90 Td (char) Tj ET Q q 0 0 0 rg BT 66.53 182.90 Td (ges ) Tj ET Q q 0 0 0 rg BT 82.36 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 99.29 182.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 124.56 182.90 Td (production ) Tj ET Q q 0 0 0 rg BT 170.39 182.90 Td (volumes ) Tj ET Q q 0 0 0 rg BT 206.78 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 223.71 182.90 Td (lower ) Tj ET Q q 0 0 0 rg BT 248.98 182.90 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 294.79 182.90 Td (exploration ) Tj ET Q q 0 0 0 rg BT 342.83 182.90 Td (and ) Tj ET Q q 0 0 0 rg BT 359.77 182.90 Td (development ) Tj ET Q q 0 0 0 rg BT 413.92 182.90 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 158.90 Td (Gross ) Tj ET Q q 0 0 0 rg BT 93.53 158.90 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 143.43 158.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 201.66 158.90 Td (on ) Tj ET Q q 0 0 0 rg BT 214.36 158.90 Td (an ) Tj ET Q q 0 0 0 rg BT 226.49 158.90 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 289.16 158.90 Td (basis ) Tj ET Q q 0 0 0 rg BT 311.85 158.90 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.96 158.90 Td ($18.2 ) Tj ET Q q 0 0 0 rg BT 379.15 158.90 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.04 158.90 Td ( ) Tj ET Q q 0 0 0 rg BT 410.74 158.90 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.07 158.90 Td (46%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.40 158.90 Td (\) ) Tj ET Q q 0 0 0 rg BT 438.42 158.90 Td (during ) Tj ET Q q 0 0 0 rg BT 467.22 158.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 489.91 158.90 Td (compared ) Tj ET Q q 0 0 0 rg BT 532.03 158.90 Td (to ) Tj ET Q q 0 0 0 rg BT 542.50 158.90 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 146.90 Td (due ) Tj ET Q q 0 0 0 rg BT 65.94 146.90 Td (to ) Tj ET Q q 0 0 0 rg BT 75.72 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 89.94 146.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 129.70 146.90 Td (in ) Tj ET Q q 0 0 0 rg BT 139.48 146.90 Td (headcount ) Tj ET Q q 0 0 0 rg BT 182.58 146.90 Td (mentioned ) Tj ET Q q 0 0 0 rg BT 226.79 146.90 Td (above, ) Tj ET Q q 0 0 0 rg BT 255.17 146.90 Td (the ) Tj ET Q q 0 0 0 rg BT 269.38 146.90 Td (reduction ) Tj ET Q q 0 0 0 rg BT 309.15 146.90 Td (in ) Tj ET Q q 0 0 0 rg BT 318.93 146.90 Td (stock ) Tj ET Q q 0 0 0 rg BT 342.04 146.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 399.58 146.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 433.79 146.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 476.88 146.90 Td (with ) Tj ET Q q 0 0 0 rg BT 496.66 146.90 Td (our ) Tj ET Q q 0 0 0 rg BT 511.99 146.90 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 134.90 Td (share ) Tj ET Q q 0 0 0 rg BT 73.19 134.90 Td (awards ) Tj ET Q q 0 0 0 rg BT 104.10 134.90 Td (for ) Tj ET Q q 0 0 0 rg BT 118.35 134.90 Td (our ) Tj ET Q q 0 0 0 rg BT 134.27 134.90 Td (executive ) Tj ET Q q 0 0 0 rg BT 175.17 134.90 Td (of) Tj ET Q q 0 0 0 rg BT 183.32 134.90 Td (ficers ) Tj ET Q q 0 0 0 rg BT 208.11 134.90 Td (which ) Tj ET Q q 0 0 0 rg BT 235.14 134.90 Td (vested ) Tj ET Q q 0 0 0 rg BT 263.28 134.90 Td (in ) Tj ET Q q 0 0 0 rg BT 273.64 134.90 Td (2016 ) Tj ET Q q 0 0 0 rg BT 296.23 134.90 Td (or ) Tj ET Q q 0 0 0 rg BT 307.15 134.90 Td (are ) Tj ET Q q 0 0 0 rg BT 321.95 134.90 Td (projected ) Tj ET Q q 0 0 0 rg BT 361.74 134.90 Td (to ) Tj ET Q q 0 0 0 rg BT 372.11 134.90 Td (vest ) Tj ET Q q 0 0 0 rg BT 390.81 134.90 Td (in ) Tj ET Q q 0 0 0 rg BT 401.17 134.90 Td (future ) Tj ET Q q 0 0 0 rg BT 427.64 134.90 Td (periods ) Tj ET Q q 0 0 0 rg BT 459.67 134.90 Td (being ) Tj ET Q q 0 0 0 rg BT 484.47 134.90 Td (below ) Tj ET Q q 0 0 0 rg BT 511.50 134.90 Td (tar) Tj ET Q q 0 0 0 rg BT 521.87 134.90 Td (get ) Tj ET Q q 0 0 0 rg BT 536.67 134.90 Td (levels, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 122.90 Td (and ) Tj ET Q q 0 0 0 rg BT 66.03 122.90 Td (the ) Tj ET Q q 0 0 0 rg BT 80.33 122.90 Td (postponement ) Tj ET Q q 0 0 0 rg BT 138.53 122.90 Td (of ) Tj ET Q q 0 0 0 rg BT 148.94 122.90 Td (our ) Tj ET Q q 0 0 0 rg BT 164.36 122.90 Td (customary ) Tj ET Q q 0 0 0 rg BT 208.11 122.90 Td (annual ) Tj ET Q q 0 0 0 rg BT 236.85 122.90 Td (long-term ) Tj ET Q q 0 0 0 rg BT 278.37 122.90 Td (incentive ) Tj ET Q q 0 0 0 rg BT 317.11 122.90 Td (award ) Tj ET Q q 0 0 0 rg BT 343.63 122.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 370.16 122.90 Td (from ) Tj ET Q q 0 0 0 rg BT 391.69 122.90 Td (January ) Tj ET Q q 0 0 0 rg BT 424.87 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 434.74 122.90 Td (prior ) Tj ET Q q 0 0 0 rg BT 456.27 122.90 Td (years ) Tj ET Q q 0 0 0 rg BT 479.46 122.90 Td (to ) Tj ET Q q 0 0 0 rg BT 489.32 122.90 Td (early ) Tj ET Q q 0 0 0 rg BT 511.40 122.90 Td (July ) Tj ET Q q 0 0 0 rg BT 530.16 122.90 Td (in ) Tj ET Q q 0 0 0 rg BT 540.02 122.90 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 110.90 Td (resulting ) Tj ET Q q 0 0 0 rg BT 87.00 110.90 Td (in ) Tj ET Q q 0 0 0 rg BT 97.27 110.90 Td (six ) Tj ET Q q 0 0 0 rg BT 111.44 110.90 Td (months ) Tj ET Q q 0 0 0 rg BT 143.39 110.90 Td (of ) Tj ET Q q 0 0 0 rg BT 154.22 110.90 Td (expense ) Tj ET Q q 0 0 0 rg BT 188.93 110.90 Td (for ) Tj ET Q q 0 0 0 rg BT 203.09 110.90 Td (those ) Tj ET Q q 0 0 0 rg BT 226.70 110.90 Td (grants ) Tj ET Q q 0 0 0 rg BT 253.64 110.90 Td (rather ) Tj ET Q q 0 0 0 rg BT 279.45 110.90 Td (than ) Tj ET Q q 0 0 0 rg BT 299.17 110.90 Td (twelve.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 86.90 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.34 86.90 Td (well ) Tj ET Q q 0 0 0 rg BT 104.84 86.90 Td (operating ) Tj ET Q q 0 0 0 rg BT 144.89 86.90 Td (agreements ) Tj ET Q q 0 0 0 rg BT 192.71 86.90 Td (allow ) Tj ET Q q 0 0 0 rg BT 217.21 86.90 Td (us, ) Tj ET Q q 0 0 0 rg BT 230.89 86.90 Td (when ) Tj ET Q q 0 0 0 rg BT 254.84 86.90 Td (we ) Tj ET Q q 0 0 0 rg BT 268.79 86.90 Td (are ) Tj ET Q q 0 0 0 rg BT 283.28 86.90 Td (the ) Tj ET Q q 0 0 0 rg BT 297.78 86.90 Td (operator) Tj ET Q q 0 0 0 rg BT 330.70 86.90 Td (, ) Tj ET Q q 0 0 0 rg BT 335.48 86.90 Td (to ) Tj ET Q q 0 0 0 rg BT 345.55 86.90 Td (char) Tj ET Q q 0 0 0 rg BT 362.58 86.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 374.30 86.90 Td (a ) Tj ET Q q 0 0 0 rg BT 381.03 86.90 Td (well ) Tj ET Q q 0 0 0 rg BT 400.53 86.90 Td (with ) Tj ET Q q 0 0 0 rg BT 420.59 86.90 Td (a ) Tj ET Q q 0 0 0 rg BT 427.32 86.90 Td (specified ) Tj ET Q q 0 0 0 rg BT 465.70 86.90 Td (overhead ) Tj ET Q q 0 0 0 rg BT 504.63 86.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 521.90 86.90 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 86.90 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 74.90 Td (drilling ) Tj ET Q q 0 0 0 rg BT 81.05 74.90 Td (phase ) Tj ET Q q 0 0 0 rg BT 105.93 74.90 Td (and ) Tj ET Q q 0 0 0 rg BT 122.47 74.90 Td (also ) Tj ET Q q 0 0 0 rg BT 140.69 74.90 Td (to ) Tj ET Q q 0 0 0 rg BT 150.57 74.90 Td (char) Tj ET Q q 0 0 0 rg BT 167.60 74.90 Td (ge ) Tj ET Q q 0 0 0 rg BT 179.14 74.90 Td (a ) Tj ET Q q 0 0 0 rg BT 185.69 74.90 Td (monthly ) Tj ET Q q 0 0 0 rg BT 221.13 74.90 Td (fixed ) Tj ET Q q 0 0 0 rg BT 243.78 74.90 Td (overhead ) Tj ET Q q 0 0 0 rg BT 282.54 74.90 Td (rate ) Tj ET Q q 0 0 0 rg BT 299.63 74.90 Td (for ) Tj ET Q q 0 0 0 rg BT 313.40 74.90 Td (each ) Tj ET Q q 0 0 0 rg BT 333.82 74.90 Td (producing ) Tj ET Q q 0 0 0 rg BT 376.47 74.90 Td (well.In ) Tj ET Q q 0 0 0 rg BT 411.63 74.90 Td (addition, ) Tj ET Q q 0 0 0 rg BT 449.01 74.90 Td (salaries ) Tj ET Q q 0 0 0 rg BT 481.10 74.90 Td (associated ) Tj ET Q q 0 0 0 rg BT 524.30 74.90 Td (with ) Tj ET Q q 0 0 0 rg BT 544.19 74.90 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 62.90 Td (personnel ) Tj ET Q q 0 0 0 rg BT 89.86 62.90 Td (are ) Tj ET Q q 0 0 0 rg BT 103.55 62.90 Td (initially ) Tj ET Q q 0 0 0 rg BT 136.14 62.90 Td (recorded ) Tj ET Q q 0 0 0 rg BT 172.60 62.90 Td (as ) Tj ET Q q 0 0 0 rg BT 182.42 62.90 Td (gross ) Tj ET Q q 0 0 0 rg BT 205.01 62.90 Td (cash ) Tj ET Q q 0 0 0 rg BT 224.26 62.90 Td (compensation ) Tj ET Q q 0 0 0 rg BT 281.29 62.90 Td (and ) Tj ET Q q 0 0 0 rg BT 297.21 62.90 Td (administrative ) Tj ET Q q 0 0 0 rg BT 355.90 62.90 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.38 62.90 Td (and ) Tj ET Q q 0 0 0 rg BT 393.31 62.90 Td (subsequently ) Tj ET Q q 0 0 0 rg BT 447.01 62.90 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 494.02 62.90 Td (to ) Tj ET Q q 0 0 0 rg BT 503.28 62.90 Td (lease ) Tj ET Q q 0 0 0 rg BT 524.75 62.90 Td (operating ) Tj ET Q endstream endobj 107 0 obj <> endobj 108 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 88.09 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.91 713.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 144.71 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.98 713.10 Td (field ) Tj ET Q q 0 0 0 rg BT 175.80 713.10 Td (development ) Tj ET Q q 0 0 0 rg BT 229.94 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 252.43 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 262.70 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.41 713.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 304.33 713.10 Td (those ) Tj ET Q q 0 0 0 rg BT 327.93 713.10 Td (individuals ) Tj ET Q q 0 0 0 rg BT 374.87 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 389.57 713.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 430.37 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 440.64 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 453.69 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.62 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 500.87 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 516.70 713.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (exploration, ) Tj ET Q q 0 0 0 rg BT 100.04 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.98 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 171.13 701.10 Td (activities.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Interest and Financing Expenses) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.47 677.10 Td ( ) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 636.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 636.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 636.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 596.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 596.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 566.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 566.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 566.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 536.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 536.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 536.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 536.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 651.6 m 424 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 651.6 m 428 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 651.6 m 493 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 651.6 m 497 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 651.6 m 562 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 636.6 m 355 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 651.6 m 424 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 636.6 m 424 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 651.6 m 428 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 651.6 m 493 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 636.6 m 493 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 651.6 m 497 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 651.6 m 562 651.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 636.6 m 562 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 636.6 m 424 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 636.6 m 493 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 636.6 m 562 636.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 566.6 m 424 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 566.6 m 493 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 566.6 m 562 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 566.6 m 424 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 552.6 m 424 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 550.6 m 424 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 566.6 m 493 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 552.6 m 493 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 550.6 m 493 550.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 566.6 m 562 566.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 552.6 m 562 552.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 550.6 m 562 550.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 656.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 656.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 641.31 Td (In thousands, except per-BOE data and interest rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 641.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 641.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 641.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 626.27 Td (Cash interest ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 106.93 630.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 626.27 Td (170,772) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 626.27 Td (182,293) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 626.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 626.27 Td (193,729) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 611.27 Td (Less: interest on 2021 Senior Secured Notes not reflected as interest for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 601.27 Td (financial reporting purposes ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.19 605.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 601.32 Td (\(32,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 601.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 601.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 601.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 586.27 Td (Noncash interest expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 586.27 Td (12,475) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 586.27 Td (9,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 586.27 Td (13,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 571.27 Td (Less: capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 571.32 Td (\(25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 571.32 Td (\(32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 571.32 Td (\(24,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 571.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 556.27 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.65 556.27 Td (125,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.65 556.27 Td (159,268) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 556.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.65 556.27 Td (183,003) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 541.27 Td (Interest expense, net per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 541.27 Td (5.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 541.27 Td (5.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 541.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 541.27 Td (6.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 526.27 Td (Average debt principal outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.10 526.27 Td (2,973,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.10 526.27 Td (3,481,192) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 526.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.10 526.27 Td (3,597,646) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 511.27 Td (A) Tj ET Q q 0 0 0 rg BT 58.98 511.27 Td (verage interest rate ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 137.54 515.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 511.27 Td (5.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.15 511.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.65 511.27 Td (5.2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.15 511.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.65 511.27 Td (5.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 511.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 483.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 90.58 483.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 123.09 483.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.83 483.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 174.22 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 187.30 483.10 Td (an ) Tj ET Q q 0 0 0 rg BT 199.81 483.10 Td (accrual ) Tj ET Q q 0 0 0 rg BT 231.75 483.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 257.33 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.84 483.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 311.25 483.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.54 483.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 358.50 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.91 483.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 402.42 483.10 Td (on ) Tj ET Q q 0 0 0 rg BT 415.49 483.10 Td (our ) Tj ET Q q 0 0 0 rg BT 431.90 483.10 Td (new ) Tj ET Q q 0 0 0 rg BT 451.64 483.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 474.71 483.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 503.90 483.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 539.18 483.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 471.10 Td (\(interest ) Tj ET Q q 0 0 0 rg BT 102.93 471.10 Td (on ) Tj ET Q q 0 0 0 rg BT 115.59 471.10 Td (which ) Tj ET Q q 0 0 0 rg BT 142.70 471.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.03 471.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.48 471.10 Td (be ) Tj ET Q q 0 0 0 rg BT 174.58 471.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 194.46 471.10 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 250.45 471.10 Td (May ) Tj ET Q q 0 0 0 rg BT 271.44 471.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 284.11 471.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.21 471.10 Td (November ) Tj ET Q q 0 0 0 rg BT 346.08 471.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 358.75 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.74 471.10 Td (each ) Tj ET Q q 0 0 0 rg BT 390.72 471.10 Td (year\) ) Tj ET Q q 0 0 0 rg BT 413.92 471.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 442.14 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.02 471.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 483.88 471.10 Td ( ) Tj ET Q q 0 0 0 rg BT 486.54 471.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 524.19 471.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 459.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 119.80 459.10 Td (in ) Tj ET Q q 0 0 0 rg BT 131.01 459.10 Td (which ) Tj ET Q q 0 0 0 rg BT 158.88 459.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 191.74 459.10 Td (on ) Tj ET Q q 0 0 0 rg BT 205.17 459.10 Td (these ) Tj ET Q q 0 0 0 rg BT 229.15 459.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 253.69 459.10 Td (is ) Tj ET Q q 0 0 0 rg BT 263.79 459.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 307.75 459.10 Td (for ) Tj ET Q q 0 0 0 rg BT 322.84 459.10 Td (as ) Tj ET Q q 0 0 0 rg BT 334.60 459.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 355.25 459.10 Td (and ) Tj ET Q q 0 0 0 rg BT 373.12 459.10 Td (not ) Tj ET Q q 0 0 0 rg BT 389.33 459.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 427.73 459.10 Td (as ) Tj ET Q q 0 0 0 rg BT 439.49 459.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 472.35 459.10 Td (for ) Tj ET Q q 0 0 0 rg BT 487.44 459.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.85 459.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 447.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 108.05 447.10 Td ( ) Tj ET Q q 0 0 0 rg BT 110.55 447.10 Td (See ) Tj ET Q q 0 0 0 rg BT 127.49 447.10 Td (below ) Tj ET Q q 0 0 0 rg BT 154.43 447.10 Td (for ) Tj ET Q q 0 0 0 rg BT 168.59 447.10 Td (further ) Tj ET Q q 0 0 0 rg BT 198.30 447.10 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 435.10 Td (Includes commitment fees but excludes debt issue costs and amortization of discount or premium.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 411.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.04 411.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 118.43 411.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.63 411.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.27 411.10 Td (table ) Tj ET Q q 0 0 0 rg BT 165.12 411.10 Td (above, ) Tj ET Q q 0 0 0 rg BT 193.92 411.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 214.11 411.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 245.97 411.10 Td (during ) Tj ET Q q 0 0 0 rg BT 274.50 411.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 296.92 411.10 Td (decreased ) Tj ET Q q 0 0 0 rg BT 338.75 411.10 Td (when ) Tj ET Q q 0 0 0 rg BT 362.84 411.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 404.68 411.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.88 411.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 437.30 411.10 Td (due ) Tj ET Q q 0 0 0 rg BT 454.17 411.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.80 411.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.00 411.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 558.07 411.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (total ) Tj ET Q q 0 0 0 rg BT 70.87 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.80 399.10 Td ($181.9 ) Tj ET Q q 0 0 0 rg BT 113.90 399.10 Td (million ) Tj ET Q q 0 0 0 rg BT 146.40 399.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 185.54 399.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 219.13 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 231.06 399.10 Td (our ) Tj ET Q q 0 0 0 rg BT 247.99 399.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 283.26 399.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 311.30 399.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 366.55 399.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 391.26 399.10 Td (at ) Tj ET Q q 0 0 0 rg BT 402.08 399.10 Td (a ) Tj ET Q q 0 0 0 rg BT 410.12 399.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 447.60 399.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.98 399.10 Td (par ) Tj ET Q q 0 0 0 rg BT 475.35 399.10 Td (value ) Tj ET Q q 0 0 0 rg BT 500.61 399.10 Td (in ) Tj ET Q q 0 0 0 rg BT 511.98 399.10 Td (open-market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 100.65 387.10 Td (during ) Tj ET Q q 0 0 0 rg BT 130.14 387.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 156.02 387.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.41 387.10 Td (In ) Tj ET Q q 0 0 0 rg BT 171.12 387.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 209.78 387.10 Td (we ) Tj ET Q q 0 0 0 rg BT 224.82 387.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 257.63 387.10 Td (into ) Tj ET Q q 0 0 0 rg BT 276.57 387.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 315.50 387.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 360.53 387.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 411.68 387.10 Td (during ) Tj ET Q q 0 0 0 rg BT 441.17 387.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.77 387.10 Td (second ) Tj ET Q q 0 0 0 rg BT 487.92 387.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 519.62 387.10 Td (of ) Tj ET Q q 0 0 0 rg BT 531.34 387.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 554.72 387.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 375.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 89.20 375.10 Td ($1,057.8 ) Tj ET Q q 0 0 0 rg BT 126.15 375.10 Td (million ) Tj ET Q q 0 0 0 rg BT 156.99 375.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 194.48 375.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 226.42 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.70 375.10 Td (our ) Tj ET Q q 0 0 0 rg BT 251.97 375.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 278.36 375.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 331.96 375.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 355.02 375.10 Td (for ) Tj ET Q q 0 0 0 rg BT 368.63 375.10 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 398.07 375.10 Td (million ) Tj ET Q q 0 0 0 rg BT 428.91 375.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 466.40 375.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 498.34 375.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.62 375.10 Td (our ) Tj ET Q q 0 0 0 rg BT 523.90 375.10 Td (new ) Tj ET Q q 0 0 0 rg BT 542.50 375.10 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 363.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 79.03 363.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 114.65 363.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 141.40 363.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 161.48 363.10 Td (40.7 ) Tj ET Q q 0 0 0 rg BT 182.40 363.10 Td (million ) Tj ET Q q 0 0 0 rg BT 214.71 363.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 243.12 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.86 363.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 293.27 363.10 Td (common ) Tj ET Q q 0 0 0 rg BT 331.68 363.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 356.21 363.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 375.72 363.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 409.15 363.10 Td (Resour) Tj ET Q q 0 0 0 rg BT 437.10 363.10 Td (ces ) Tj ET Q q 0 0 0 rg BT 453.29 363.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.71 363.10 Td (Liquidity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.82 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.24 363.10 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 516.24 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 519.65 363.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 543.07 363.10 Td (Debt ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 92.25 351.10 Td (T) Tj ET Q q 0 0 0 rg BT 97.26 351.10 Td (ransactions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.93 351.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 151.96 351.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.68 351.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 193.67 351.10 Td (these ) Tj ET Q q 0 0 0 rg BT 216.42 351.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 256.38 351.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 306.35 351.10 Td (had ) Tj ET Q q 0 0 0 rg BT 322.99 351.10 Td (minimal ) Tj ET Q q 0 0 0 rg BT 358.53 351.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 387.95 351.10 Td (on ) Tj ET Q q 0 0 0 rg BT 400.15 351.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.69 351.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.67 351.10 Td (interest, ) Tj ET Q q 0 0 0 rg BT 469.80 351.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.34 351.10 Td (more ) Tj ET Q q 0 0 0 rg BT 503.09 351.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 524.19 351.10 Td (described ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.27 339.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 80.69 339.10 Td (4, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 90.18 339.10 Td (Long-T) Tj ET Q q 0 0 0 rg BT 118.72 339.10 Td (erm ) Tj ET Q q 0 0 0 rg BT 136.26 339.10 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 155.70 339.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.19 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 169.95 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.16 339.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 238.92 339.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 278.12 339.10 Td (Statements, ) Tj ET Q q 0 0 0 rg BT 326.49 339.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.70 339.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 380.44 339.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 430.19 339.10 Td (were ) Tj ET Q q 0 0 0 rg BT 451.61 339.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 494.13 339.10 Td (for ) Tj ET Q q 0 0 0 rg BT 507.78 339.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 339.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.85 327.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 107.28 327.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 155.51 327.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 196.51 327.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 222.52 327.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 274.08 327.10 Td (470-60, ) Tj ET Q q 0 0 0 rg BT 306.36 327.10 Td (T) Tj ET Q q 0 0 0 rg BT 312.12 327.10 Td (roubled ) Tj ET Q q 0 0 0 rg BT 344.24 327.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 365.24 327.10 Td (Restructuring ) Tj ET Q q 0 0 0 rg BT 421.25 327.10 Td (by ) Tj ET Q q 0 0 0 rg BT 432.82 327.10 Td (Debtors, ) Tj ET Q q 0 0 0 rg BT 468.54 327.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 504.54 327.10 Td ($254.7 ) Tj ET Q q 0 0 0 rg BT 533.61 327.10 Td (million ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 315.10 Td (future ) Tj ET Q q 0 0 0 rg BT 88.08 315.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 120.70 315.10 Td (on ) Tj ET Q q 0 0 0 rg BT 133.89 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.29 315.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 172.48 315.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 201.78 315.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 237.17 315.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 263.69 315.10 Td (was ) Tj ET Q q 0 0 0 rg BT 282.43 315.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 320.59 315.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.11 315.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 352.51 315.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.03 315.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.55 315.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.95 315.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 438.01 315.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 460.36 315.10 Td (which ) Tj ET Q q 0 0 0 rg BT 487.98 315.10 Td (will ) Tj ET Q q 0 0 0 rg BT 506.73 315.10 Td (be ) Tj ET Q q 0 0 0 rg BT 519.35 315.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 554.19 315.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 303.10 Td (semiannual ) Tj ET Q q 0 0 0 rg BT 97.75 303.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.89 303.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 170.92 303.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.83 303.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 212.70 303.10 Td (with ) Tj ET Q q 0 0 0 rg BT 233.18 303.10 Td (the ) Tj ET Q q 0 0 0 rg BT 248.10 303.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 291.35 303.10 Td ($22.8 ) Tj ET Q q 0 0 0 rg BT 316.56 303.10 Td (million ) Tj ET Q q 0 0 0 rg BT 348.16 303.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.19 303.10 Td (future ) Tj ET Q q 0 0 0 rg BT 385.78 303.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 417.92 303.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.40 303.10 Td (be ) Tj ET Q q 0 0 0 rg BT 440.55 303.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 487.12 303.10 Td (as ) Tj ET Q q 0 0 0 rg BT 498.15 303.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 530.29 303.10 Td (expense ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 291.10 Td (over ) Tj ET Q q 0 0 0 rg BT 68.93 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.82 291.10 Td (term ) Tj ET Q q 0 0 0 rg BT 102.81 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.80 291.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.68 291.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 148.35 291.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 176.12 291.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 209.99 291.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 237.49 291.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.03 291.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 282.61 291.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 313.71 291.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 347.58 291.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 384.22 291.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.66 291.10 Td (our ) Tj ET Q q 0 0 0 rg BT 408.66 291.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 463.10 291.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 508.64 291.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.64 291.10 Td (Operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 279.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.25 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.22 279.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 99.98 279.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 128.84 279.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 163.80 279.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 189.89 279.10 Td (will ) Tj ET Q q 0 0 0 rg BT 208.20 279.10 Td (be ) Tj ET Q q 0 0 0 rg BT 220.39 279.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 273.13 279.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 298.66 279.10 Td (than ) Tj ET Q q 0 0 0 rg BT 318.63 279.10 Td (the ) Tj ET Q q 0 0 0 rg BT 333.60 279.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 360.22 279.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 380.75 279.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.93 279.10 Td (payment. ) Tj ET Q q 0 0 0 rg BT 452.62 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.37 279.10 Td (For ) Tj ET Q q 0 0 0 rg BT 472.02 279.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.27 279.10 Td ($32.1 ) Tj ET Q q 0 0 0 rg BT 522.53 279.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 551.42 279.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 279.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 267.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 82.22 267.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.51 267.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.01 267.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 134.29 267.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 163.69 267.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 199.18 267.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 225.80 267.10 Td (was ) Tj ET Q q 0 0 0 rg BT 244.64 267.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 288.46 267.10 Td (for ) Tj ET Q q 0 0 0 rg BT 303.40 267.10 Td (as ) Tj ET Q q 0 0 0 rg BT 315.02 267.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 338.02 267.10 Td (and ) Tj ET Q q 0 0 0 rg BT 355.75 267.10 Td (is ) Tj ET Q q 0 0 0 rg BT 365.70 267.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 405.07 267.10 Td (not ) Tj ET Q q 0 0 0 rg BT 421.14 267.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 459.39 267.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.01 267.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 503.73 267.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 539.22 267.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 267.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 255.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 105.53 255.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 152.66 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.25 255.10 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 213.88 255.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.13 255.10 Td (During ) Tj ET Q q 0 0 0 rg BT 248.72 255.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 274.47 255.10 Td (we ) Tj ET Q q 0 0 0 rg BT 289.39 255.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 328.74 255.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 358.08 255.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 419.10 255.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 437.35 255.10 Td (million ) Tj ET Q q 0 0 0 rg BT 469.50 255.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.08 255.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 513.77 255.10 Td (on ) Tj ET Q q 0 0 0 rg BT 527.02 255.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.50 255.10 Td (2021 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 243.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 79.00 243.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 114.61 243.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 141.33 243.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.50 243.10 Td (be ) Tj ET Q q 0 0 0 rg BT 165.34 243.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 209.26 243.10 Td (for ) Tj ET Q q 0 0 0 rg BT 224.32 243.10 Td (as ) Tj ET Q q 0 0 0 rg BT 236.04 243.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 259.16 243.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.99 243.10 Td (will ) Tj ET Q q 0 0 0 rg BT 295.94 243.10 Td (therefore ) Tj ET Q q 0 0 0 rg BT 335.42 243.10 Td (not ) Tj ET Q q 0 0 0 rg BT 351.59 243.10 Td (be ) Tj ET Q q 0 0 0 rg BT 364.43 243.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 402.79 243.10 Td (as ) Tj ET Q q 0 0 0 rg BT 414.52 243.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 447.35 243.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 482.95 243.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.12 243.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.73 243.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 231.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 231.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 231.10 Td (Operations.) 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587.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 572.42 Td (Oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 572.42 Td (6.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 572.42 Td (15.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 572.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 572.42 Td (17.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 557.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 77.89 555.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.14 557.42 Td (, properties, pipelines, plants and other property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 557.42 Td (4.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 557.42 Td (4.46) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 557.42 Td (4.54) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 542.42 Td (Accelerated depreciation char) Tj ET Q q 0 0 0 rg BT 183.18 542.42 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 195.12 546.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 542.42 Td (25.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 542.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 542.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 527.42 Td (Total DD&A per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 527.42 Td (36.12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 527.42 Td (19.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 527.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 527.42 Td (21.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 497.42 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 497.42 Td (810,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 497.42 Td (4,939,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 497.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 497.42 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 481.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 481.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.60 481.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.27 481.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 172.46 481.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 224.10 481.25 Td (char) Tj ET Q q 0 0 0 rg BT 241.13 481.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 252.80 481.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.12 481.25 Td (with ) Tj ET Q q 0 0 0 rg BT 316.12 481.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.57 481.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 354.46 481.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 380.58 481.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 396.13 481.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 441.13 481.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 471.68 481.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.35 481.25 Td (related ) Tj ET Q q 0 0 0 rg BT 517.78 481.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 545.83 481.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 481.25 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 469.25 Td (below ) Tj ET Q q 0 0 0 rg BT 94.44 469.25 Td (for ) Tj ET Q q 0 0 0 rg BT 108.60 469.25 Td (further ) Tj ET Q q 0 0 0 rg BT 138.31 469.25 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 445.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 445.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.18 445.25 Td (adjust ) Tj ET Q q 0 0 0 rg BT 109.68 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 125.62 445.25 Td (DD&A) Tj ET Q q 0 0 0 rg BT 154.51 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 157.11 445.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 174.71 445.25 Td (each ) Tj ET Q q 0 0 0 rg BT 195.63 445.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 226.55 445.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.82 445.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 285.64 445.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 320.45 445.25 Td (in ) Tj ET Q q 0 0 0 rg BT 330.84 445.25 Td (our ) Tj ET Q q 0 0 0 rg BT 346.78 445.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 386.60 445.25 Td (of ) Tj ET Q q 0 0 0 rg BT 397.53 445.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 410.70 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.74 445.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.12 445.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 474.05 445.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 509.42 445.25 Td (and ) Tj ET Q q 0 0 0 rg BT 526.46 445.25 Td (costs. ) Tj ET Q q 0 0 0 rg BT 551.57 445.25 Td ( ) Tj ET Q q 0 0 0 rg BT 554.18 445.25 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 433.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 87.20 433.25 Td (under ) Tj ET Q q 0 0 0 rg BT 112.39 433.25 Td (full ) Tj ET Q q 0 0 0 rg BT 128.70 433.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 147.23 433.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 193.53 433.25 Td (rules, ) Tj ET Q q 0 0 0 rg BT 217.89 433.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.53 433.25 Td (divestiture ) Tj ET Q q 0 0 0 rg BT 277.17 433.25 Td (of ) Tj ET Q q 0 0 0 rg BT 287.93 433.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.91 433.25 Td (and ) Tj ET Q q 0 0 0 rg BT 317.77 433.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 347.96 433.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 363.71 433.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 406.12 433.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 445.75 433.25 Td (does ) Tj ET Q q 0 0 0 rg BT 466.50 433.25 Td (not ) Tj ET Q q 0 0 0 rg BT 481.70 433.25 Td (result ) Tj ET Q q 0 0 0 rg BT 506.35 433.25 Td (in ) Tj ET Q q 0 0 0 rg BT 516.55 433.25 Td (gain ) Tj ET Q q 0 0 0 rg BT 536.19 433.25 Td (or ) Tj ET Q q 0 0 0 rg BT 546.94 433.25 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 421.25 Td (recognition; ) Tj ET Q q 0 0 0 rg BT 100.18 421.25 Td (instead, ) Tj ET Q q 0 0 0 rg BT 133.37 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 147.95 421.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 185.85 421.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.55 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.13 421.25 Td (disposition ) Tj ET Q q 0 0 0 rg BT 257.39 421.25 Td (reduce ) Tj ET Q q 0 0 0 rg BT 286.39 421.25 Td (the ) Tj ET Q q 0 0 0 rg BT 300.97 421.25 Td (full ) Tj ET Q q 0 0 0 rg BT 317.22 421.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 335.70 421.25 Td (pool. ) Tj ET Q q 0 0 0 rg BT 358.34 421.25 Td ( ) Tj ET Q q 0 0 0 rg BT 360.18 421.25 Td (As ) Tj ET Q q 0 0 0 rg BT 373.66 421.25 Td (such, ) Tj ET Q q 0 0 0 rg BT 396.85 421.25 Td (our ) Tj ET Q q 0 0 0 rg BT 412.54 421.25 Td (DD&A) Tj ET Q q 0 0 0 rg BT 441.43 421.25 Td ( ) Tj ET Q q 0 0 0 rg BT 443.80 421.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 461.15 421.25 Td (has ) Tj ET Q q 0 0 0 rg BT 476.84 421.25 Td (changed ) Tj ET Q q 0 0 0 rg BT 512.52 421.25 Td (significantly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 409.25 Td (over ) Tj ET Q q 0 0 0 rg BT 69.93 409.25 Td (time, ) Tj ET Q q 0 0 0 rg BT 92.86 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.95 409.25 Td (it ) Tj ET Q q 0 0 0 rg BT 118.17 409.25 Td (may ) Tj ET Q q 0 0 0 rg BT 138.04 409.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 175.13 409.25 Td (to ) Tj ET Q q 0 0 0 rg BT 185.57 409.25 Td (change ) Tj ET Q q 0 0 0 rg BT 216.54 409.25 Td (in ) Tj ET Q q 0 0 0 rg BT 226.98 409.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.85 409.25 Td (future.DD&A) Tj ET Q q 0 0 0 rg BT 302.12 409.25 Td ( ) Tj ET Q q 0 0 0 rg BT 304.78 409.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.77 409.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.98 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.08 409.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 376.50 409.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 392.49 409.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 435.13 409.25 Td (and ) Tj ET Q q 0 0 0 rg BT 452.23 409.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 474.32 409.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 518.07 409.25 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.25 Td (decreased) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.91 397.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.44 397.25 Td (64%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.77 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 112.30 397.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.82 397.25 Td (an ) Tj ET Q q 0 0 0 rg BT 136.79 397.25 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 199.30 397.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 221.82 397.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.79 397.25 Td (59%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.12 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.65 397.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.17 397.25 Td (a ) Tj ET Q q 0 0 0 rg BT 279.14 397.25 Td (per) Tj ET Q q 0 0 0 rg BT 291.71 397.25 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 317.56 397.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 340.09 397.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.93 397.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.93 397.25 Td ( ) Tj ET Q q 0 0 0 rg BT 398.46 397.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.43 397.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.43 397.25 Td (, ) Tj ET Q q 0 0 0 rg BT 440.45 397.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 480.19 397.25 Td (due ) Tj ET Q q 0 0 0 rg BT 497.16 397.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.46 397.25 Td (a ) Tj ET Q q 0 0 0 rg BT 514.43 397.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.72 397.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 385.25 Td (depletable ) Tj ET Q q 0 0 0 rg BT 92.80 385.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.01 385.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 158.32 385.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.31 385.25 Td (our ) Tj ET Q q 0 0 0 rg BT 193.85 385.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 228.82 385.25 Td (base ) Tj ET Q q 0 0 0 rg BT 248.80 385.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 286.01 385.25 Td (from ) Tj ET Q q 0 0 0 rg BT 307.66 385.25 Td (the ) Tj ET Q q 0 0 0 rg BT 322.09 385.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 366.51 385.25 Td (full ) Tj ET Q q 0 0 0 rg BT 382.61 385.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 400.93 385.25 Td (pool ) Tj ET Q q 0 0 0 rg BT 420.92 385.25 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 450.34 385.25 Td (test ) Tj ET Q q 0 0 0 rg BT 466.44 385.25 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 518.65 385.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 373.25 Td (during ) Tj ET Q q 0 0 0 rg BT 77.86 373.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 100.10 373.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.79 373.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 141.54 373.25 Td (as ) Tj ET Q q 0 0 0 rg BT 152.11 373.25 Td (well ) Tj ET Q q 0 0 0 rg BT 171.58 373.25 Td (as ) Tj ET Q q 0 0 0 rg BT 182.16 373.25 Td (an ) Tj ET Q q 0 0 0 rg BT 193.84 373.25 Td (overall ) Tj ET Q q 0 0 0 rg BT 223.85 373.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 263.87 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 273.89 373.25 Td (future ) Tj ET Q q 0 0 0 rg BT 300.02 373.25 Td (development ) Tj ET Q q 0 0 0 rg BT 353.91 373.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 378.66 373.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 414.23 373.25 Td (of) Tj ET Q q 0 0 0 rg BT 422.38 373.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 439.06 373.25 Td (by ) Tj ET Q q 0 0 0 rg BT 451.31 373.25 Td (reductions ) Tj ET Q q 0 0 0 rg BT 495.21 373.25 Td (in ) Tj ET Q q 0 0 0 rg BT 505.24 373.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 535.26 373.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.06 373.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.81 361.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.70 361.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 127.11 361.25 Td (quantities. ) Tj ET Q q 0 0 0 rg BT 171.05 361.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.41 361.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.51 361.25 Td (per) Tj ET Q q 0 0 0 rg BT 204.08 361.25 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 229.96 361.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 266.93 361.25 Td (was ) Tj ET Q q 0 0 0 rg BT 285.03 361.25 Td (also ) Tj ET Q q 0 0 0 rg BT 303.69 361.25 Td (partially ) Tj ET Q q 0 0 0 rg BT 339.56 361.25 Td (of) Tj ET Q q 0 0 0 rg BT 347.71 361.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 364.70 361.25 Td (by ) Tj ET Q q 0 0 0 rg BT 377.25 361.25 Td (a ) Tj ET Q q 0 0 0 rg BT 384.24 361.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 421.21 361.25 Td (in ) Tj ET Q q 0 0 0 rg BT 431.54 361.25 Td (production ) Tj ET Q q 0 0 0 rg BT 477.41 361.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 513.85 361.25 Td (during ) Tj ET Q q 0 0 0 rg BT 542.51 361.25 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 349.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.83 349.25 Td (compared ) Tj ET Q q 0 0 0 rg BT 115.91 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 126.36 349.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 151.52 349.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.19 349.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 173.51 349.25 Td (to ) Tj ET Q q 0 0 0 rg BT 183.96 349.25 Td (these ) Tj ET Q q 0 0 0 rg BT 207.17 349.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 239.54 349.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.54 349.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 295.41 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.52 349.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 364.60 349.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 382.25 349.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.25 349.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 406.47 349.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.57 349.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 454.00 349.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 469.99 349.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 512.64 349.25 Td (decreased ) Tj ET Q q 0 0 0 rg BT 554.72 349.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 337.25 Td ($5.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 337.25 Td ( ) Tj ET Q q 0 0 0 rg BT 74.50 337.25 Td (per ) Tj ET Q q 0 0 0 rg BT 89.77 337.25 Td (BOE ) Tj ET Q q 0 0 0 rg BT 112.27 337.25 Td (during ) Tj ET Q q 0 0 0 rg BT 140.88 337.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.59 337.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 182.53 337.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 213.35 337.25 Td (of ) Tj ET Q q 0 0 0 rg BT 224.18 337.25 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 313.25 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 109.67 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.85 313.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 179.01 313.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.08 313.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.15 313.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 220.04 311.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.07 313.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 270.29 313.25 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 311.64 313.25 Td (plants ) Tj ET Q q 0 0 0 rg BT 338.26 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 355.44 313.25 Td (other ) Tj ET Q q 0 0 0 rg BT 378.73 313.25 Td (property ) Tj ET Q q 0 0 0 rg BT 415.34 313.25 Td (and ) Tj ET Q q 0 0 0 rg BT 432.52 313.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 477.47 313.25 Td (decreased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.63 313.25 Td (1) Tj ET Q q 0 0 0 rg BT 524.25 313.25 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.58 313.25 Td ( ) Tj ET Q q 0 0 0 rg BT 540.32 313.25 Td (on ) Tj ET Q q 0 0 0 rg BT 553.06 313.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 301.25 Td (absolute-dollar ) Tj ET Q q 0 0 0 rg BT 111.71 301.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 133.94 301.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.28 301.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.28 301.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.51 301.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.18 301.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.18 301.25 Td ( ) Tj ET Q q 0 0 0 rg BT 228.41 301.25 Td (levels, ) Tj ET Q q 0 0 0 rg BT 256.47 301.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 295.91 301.25 Td (due ) Tj ET Q q 0 0 0 rg BT 312.58 301.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.59 301.25 Td (lower ) Tj ET Q q 0 0 0 rg BT 347.58 301.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 387.03 301.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 430.35 301.25 Td (with ) Tj ET Q q 0 0 0 rg BT 450.36 301.25 Td (our ) Tj ET Q q 0 0 0 rg BT 465.92 301.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 479.81 299.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.06 301.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.29 301.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 527.51 301.25 Td (resulting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 289.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.08 289.25 Td (a ) Tj ET Q q 0 0 0 rg BT 79.67 289.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 117.22 289.25 Td (in ) Tj ET Q q 0 0 0 rg BT 128.15 289.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 142.04 287.82 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.33 289.25 Td (production ) Tj ET Q q 0 0 0 rg BT 193.80 289.25 Td (during ) Tj ET Q q 0 0 0 rg BT 223.06 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 238.42 289.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 269.61 289.25 Td (with ) Tj ET Q q 0 0 0 rg BT 290.53 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 305.89 289.25 Td (dif) Tj ET Q q 0 0 0 rg BT 316.82 289.25 Td (ferenceon ) Tj ET Q q 0 0 0 rg BT 361.88 289.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.46 289.25 Td (per) Tj ET Q q 0 0 0 rg BT 382.03 289.25 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 408.50 289.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 431.65 289.25 Td (of) Tj ET Q q 0 0 0 rg BT 439.80 289.25 Td (fset ) Tj ET Q q 0 0 0 rg BT 457.38 289.25 Td (by ) Tj ET Q q 0 0 0 rg BT 470.53 289.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.89 289.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 523.45 289.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.37 289.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 289.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.76 277.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.59 277.25 Td (production ) Tj ET Q q 0 0 0 rg BT 141.42 277.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 177.81 277.25 Td (between ) Tj ET Q q 0 0 0 rg BT 213.62 277.25 Td (periods.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 253.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 253.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.10 253.25 Td (acquired ) Tj ET Q q 0 0 0 rg BT 120.05 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.79 253.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 158.98 253.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 185.39 253.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 205.69 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 222.65 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.39 253.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.01 253.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 296.86 253.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 342.15 253.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 373.00 253.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.30 253.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 405.82 253.25 Td (and ) Tj ET Q q 0 0 0 rg BT 422.78 253.25 Td (201) Tj ET Q q 0 0 0 rg BT 437.41 253.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 444.94 253.25 Td (with ) Tj ET Q q 0 0 0 rg BT 465.24 253.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.98 253.25 Td (intent ) Tj ET Q q 0 0 0 rg BT 505.27 253.25 Td (to ) Tj ET Q q 0 0 0 rg BT 515.58 253.25 Td (separate ) Tj ET Q q 0 0 0 rg BT 550.85 253.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 241.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 68.33 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 83.83 241.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 114.88 241.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 131.49 241.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.21 241.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 180.27 241.25 Td (from ) Tj ET Q q 0 0 0 rg BT 202.99 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 218.49 241.25 Td (full ) Tj ET Q q 0 0 0 rg BT 235.66 241.25 Td (well ) Tj ET Q q 0 0 0 rg BT 256.17 241.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 286.10 241.25 Td (after ) Tj ET Q q 0 0 0 rg BT 307.70 241.25 Td (construction ) Tj ET Q q 0 0 0 rg BT 360.42 241.25 Td (of ) Tj ET Q q 0 0 0 rg BT 372.03 241.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.53 241.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 404.15 241.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 450.20 241.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 481.80 241.25 Td (was ) Tj ET Q q 0 0 0 rg BT 500.64 241.25 Td (completed, ) Tj ET Q q 0 0 0 rg BT 548.07 241.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 92.04 229.25 Td (for ) Tj ET Q q 0 0 0 rg BT 105.69 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 119.90 229.25 Td (purpose ) Tj ET Q q 0 0 0 rg BT 153.55 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.88 229.25 Td (gaining ) Tj ET Q q 0 0 0 rg BT 195.86 229.25 Td (a ) Tj ET Q q 0 0 0 rg BT 202.29 229.25 Td (source ) Tj ET Q q 0 0 0 rg BT 230.38 229.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.71 229.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.60 227.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.84 229.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.61 229.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 296.59 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 306.36 229.25 Td (flooding ) Tj ET Q q 0 0 0 rg BT 342.24 229.25 Td (our ) Tj ET Q q 0 0 0 rg BT 357.56 229.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 381.77 229.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.54 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.75 229.25 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 433.85 229.25 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 474.73 229.25 Td (region. ) Tj ET Q q 0 0 0 rg BT 504.77 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 506.76 229.25 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 560.00 229.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.70 217.25 Td (arose ) Tj ET Q q 0 0 0 rg BT 99.11 217.25 Td (related ) Tj ET Q q 0 0 0 rg BT 128.63 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 138.72 217.25 Td (contractor ) Tj ET Q q 0 0 0 rg BT 181.56 217.25 Td (performance ) Tj ET Q q 0 0 0 rg BT 234.40 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.15 217.25 Td (design ) Tj ET Q q 0 0 0 rg BT 279.57 217.25 Td (failure ) Tj ET Q q 0 0 0 rg BT 307.97 217.25 Td (that ) Tj ET Q q 0 0 0 rg BT 325.28 217.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 354.80 217.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 399.32 217.25 Td (delays ) Tj ET Q q 0 0 0 rg BT 427.18 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.93 217.25 Td (incremental ) Tj ET Q q 0 0 0 rg BT 493.44 217.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 515.75 217.25 Td (to ) Tj ET Q q 0 0 0 rg BT 525.85 217.25 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 205.25 Td (facility) Tj ET Q q 0 0 0 rg BT 91.37 205.25 Td (. ) Tj ET Q q 0 0 0 rg BT 95.86 205.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.70 205.25 Td (W) Tj ET Q q 0 0 0 rg BT 106.34 205.25 Td (e ) Tj ET Q q 0 0 0 rg BT 112.76 205.25 Td (placed ) Tj ET Q q 0 0 0 rg BT 140.84 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 155.04 205.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.35 205.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 215.11 205.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 245.41 205.25 Td (into ) Tj ET Q q 0 0 0 rg BT 262.96 205.25 Td (service ) Tj ET Q q 0 0 0 rg BT 293.26 205.25 Td (during ) Tj ET Q q 0 0 0 rg BT 321.35 205.25 Td (the ) Tj ET Q q 0 0 0 rg BT 335.55 205.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 361.97 205.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 392.27 205.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.59 205.25 Td (2013, ) Tj ET Q q 0 0 0 rg BT 427.07 205.25 Td (and ) Tj ET Q q 0 0 0 rg BT 443.50 205.25 Td (we ) Tj ET Q q 0 0 0 rg BT 457.14 205.25 Td (were ) Tj ET Q q 0 0 0 rg BT 478.56 205.25 Td (successful ) Tj ET Q q 0 0 0 rg BT 521.64 205.25 Td (in ) Tj ET Q q 0 0 0 rg BT 531.40 205.25 Td (running ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.96 193.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 94.52 193.25 Td (for ) Tj ET Q q 0 0 0 rg BT 108.42 193.25 Td (part ) Tj ET Q q 0 0 0 rg BT 126.21 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 193.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 159.02 193.25 Td (before ) Tj ET Q q 0 0 0 rg BT 186.79 193.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 229.02 193.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 255.16 193.25 Td (arose ) Tj ET Q q 0 0 0 rg BT 278.49 193.25 Td (related ) Tj ET Q q 0 0 0 rg BT 307.94 193.25 Td (to ) Tj ET Q q 0 0 0 rg BT 317.96 193.25 Td (optimal ) Tj ET Q q 0 0 0 rg BT 350.75 193.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 390.75 193.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 193.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.34 193.25 Td (and ) Tj ET Q q 0 0 0 rg BT 463.02 193.25 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 488.59 193.25 Td (build-up ) Tj ET Q q 0 0 0 rg BT 524.71 193.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.73 193.25 Td (the ) Tj ET Q q 0 0 0 rg BT 549.19 193.25 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 77.80 181.25 Td (wells. ) Tj ET Q q 0 0 0 rg BT 103.04 181.25 Td ( ) Tj ET Q q 0 0 0 rg BT 104.68 181.25 Td (In ) Tj ET Q q 0 0 0 rg BT 114.64 181.25 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 157.66 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 181.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.47 181.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 230.87 181.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 260.82 181.25 Td (was ) Tj ET Q q 0 0 0 rg BT 278.01 181.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 307.42 181.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.49 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 332.90 181.25 Td (date ) Tj ET Q q 0 0 0 rg BT 351.19 181.25 Td (remains ) Tj ET Q q 0 0 0 rg BT 384.47 181.25 Td (shut-in. ) Tj ET Q q 0 0 0 rg BT 416.38 181.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.02 181.25 Td (During ) Tj ET Q q 0 0 0 rg BT 447.98 181.25 Td (this ) Tj ET Q q 0 0 0 rg BT 464.06 181.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 493.74 181.25 Td (we ) Tj ET Q q 0 0 0 rg BT 507.03 181.25 Td (have ) Tj ET Q q 0 0 0 rg BT 527.54 181.25 Td (searched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.41 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 80.09 169.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 120.64 169.25 Td (a ) Tj ET Q q 0 0 0 rg BT 127.33 169.25 Td (number ) Tj ET Q q 0 0 0 rg BT 160.12 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 170.70 169.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.93 169.25 Td (options ) Tj ET Q q 0 0 0 rg BT 239.62 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.65 169.25 Td (an ) Tj ET Q q 0 0 0 rg BT 261.33 169.25 Td (ef) Tj ET Q q 0 0 0 rg BT 268.92 169.25 Td (fort ) Tj ET Q q 0 0 0 rg BT 285.60 169.25 Td (to ) Tj ET Q q 0 0 0 rg BT 295.63 169.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 327.86 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.32 169.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 376.23 169.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 404.87 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.55 169.25 Td (our ) Tj ET Q q 0 0 0 rg BT 437.12 169.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 481.02 169.25 Td (is ) Tj ET Q q 0 0 0 rg BT 489.93 169.25 Td (still ) Tj ET Q q 0 0 0 rg BT 507.18 169.25 Td (ongoing. ) Tj ET Q q 0 0 0 rg BT 544.71 169.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 169.25 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.25 Td (current ) Tj ET Q q 0 0 0 rg BT 79.77 157.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 118.92 157.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.88 157.25 Td (to ) Tj ET Q q 0 0 0 rg BT 150.61 157.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 182.55 157.25 Td (these ) Tj ET Q q 0 0 0 rg BT 205.05 157.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 230.89 157.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.28 157.25 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 157.25 Td (operate ) Tj ET Q q 0 0 0 rg BT 329.49 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.66 157.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.94 157.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 403.67 157.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 433.94 157.25 Td (are ) Tj ET Q q 0 0 0 rg BT 448.10 157.25 Td (not ) Tj ET Q q 0 0 0 rg BT 462.83 157.25 Td (commercially ) Tj ET Q q 0 0 0 rg BT 519.76 157.25 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.73 145.25 Td (based ) Tj ET Q q 0 0 0 rg BT 124.96 145.25 Td (on ) Tj ET Q q 0 0 0 rg BT 137.42 145.25 Td (a ) Tj ET Q q 0 0 0 rg BT 144.31 145.25 Td (variety ) Tj ET Q q 0 0 0 rg BT 174.54 145.25 Td (of ) Tj ET Q q 0 0 0 rg BT 185.33 145.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 217.49 145.25 Td (including ) Tj ET Q q 0 0 0 rg BT 257.72 145.25 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 271.84 145.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.52 145.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 331.75 145.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 360.86 145.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 414.41 145.25 Td (required ) Tj ET Q q 0 0 0 rg BT 450.18 145.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.42 145.25 Td (implement ) Tj ET Q q 0 0 0 rg BT 505.65 145.25 Td (any ) Tj ET Q q 0 0 0 rg BT 522.54 145.25 Td (corrective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.25 Td (option, ) Tj ET Q q 0 0 0 rg BT 80.93 133.25 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 95.96 133.25 Td (current ) Tj ET Q q 0 0 0 rg BT 127.65 133.25 Td (projected ) Tj ET Q q 0 0 0 rg BT 168.23 133.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 217.15 133.25 Td (prices, ) Tj ET Q q 0 0 0 rg BT 246.90 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.71 133.25 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 279.75 133.25 Td (our ) Tj ET Q q 0 0 0 rg BT 296.45 133.25 Td (projections ) Tj ET Q q 0 0 0 rg BT 344.26 133.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.96 133.25 Td (our ) Tj ET Q q 0 0 0 rg BT 372.66 133.25 Td (EOR ) Tj ET Q q 0 0 0 rg BT 396.04 133.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 435.51 133.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.32 133.25 Td (their ) Tj ET Q q 0 0 0 rg BT 475.02 133.25 Td (timing, ) Tj ET Q q 0 0 0 rg BT 507.00 133.25 Td (resulting ) Tj ET Q q 0 0 0 rg BT 545.37 133.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 131.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.20 121.25 Td (and ) Tj ET Q q 0 0 0 rg BT 121.14 121.25 Td (other ) Tj ET Q q 0 0 0 rg BT 144.19 121.25 Td (assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 97.25 Td (Due ) Tj ET Q q 0 0 0 rg BT 85.94 97.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.51 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 97.25 Td (extended ) Tj ET Q q 0 0 0 rg BT 147.39 97.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 176.95 97.25 Td (status ) Tj ET Q q 0 0 0 rg BT 201.51 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.63 97.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.63 97.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 249.08 97.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 274.75 97.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 289.87 97.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 334.42 97.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 364.52 97.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.75 97.25 Td (our ) Tj ET Q q 0 0 0 rg BT 395.86 97.25 Td (recently ) Tj ET Q q 0 0 0 rg BT 429.85 97.25 Td (updated ) Tj ET Q q 0 0 0 rg BT 463.29 97.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 497.29 97.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.40 97.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 525.30 97.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 85.25 Td (engineering ) Tj ET Q q 0 0 0 rg BT 116.71 85.25 Td (options ) Tj ET Q q 0 0 0 rg BT 148.94 85.25 Td (to ) Tj ET Q q 0 0 0 rg BT 159.50 85.25 Td (remedy ) Tj ET Q q 0 0 0 rg BT 192.26 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 85.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 241.71 85.25 Td (issues, ) Tj ET Q q 0 0 0 rg BT 270.88 85.25 Td (we ) Tj ET Q q 0 0 0 rg BT 285.33 85.25 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 329.76 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.76 85.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.86 85.25 Td (useful ) Tj ET Q q 0 0 0 rg BT 413.08 85.25 Td (life ) Tj ET Q q 0 0 0 rg BT 429.19 85.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.30 85.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.30 85.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.41 85.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 516.96 85.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 548.07 85.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 73.25 Td (related ) Tj ET Q q 0 0 0 rg BT 78.38 73.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.38 73.25 Td (during ) Tj ET Q q 0 0 0 rg BT 131.17 73.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.06 73.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 171.18 73.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.17 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.18 73.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 232.85 73.25 Td (and ) Tj ET Q q 0 0 0 rg BT 248.97 73.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 285.62 73.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 332.25 73.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 383.35 73.25 Td (of ) Tj ET Q q 0 0 0 rg BT 393.35 73.25 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 422.53 73.25 Td (million ) Tj ET Q q 0 0 0 rg BT 453.10 73.25 Td (to ) Tj ET Q q 0 0 0 rg BT 462.55 73.25 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 510.60 73.25 Td (depreciation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 61.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 61.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 125.07 61.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.92 61.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 61.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 207.06 61.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 254.02 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 265.43 61.25 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 314.88 61.25 Td (which ) Tj ET Q q 0 0 0 rg BT 342.40 61.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 378.80 61.25 Td ($55.3 ) Tj ET Q q 0 0 0 rg BT 404.37 61.25 Td (million ) Tj ET Q q 0 0 0 rg BT 436.34 61.25 Td (of ) Tj ET Q q 0 0 0 rg BT 447.75 61.25 Td (intangible ) Tj ET Q q 0 0 0 rg BT 490.81 61.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.22 61.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 554.73 61.25 Td (to ) Tj ET Q endstream endobj 111 0 obj <> endobj 112 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 79.72 713.10 Td (production ) Tj ET Q q 0 0 0 rg BT 125.49 713.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 150.71 713.10 Td (at ) Tj ET Q q 0 0 0 rg BT 160.37 713.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 184.48 713.10 Td (Ridge. ) Tj ET Q q 0 0 0 rg BT 213.31 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.58 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.21 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 231.10 713.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 250.76 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.98 713.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 297.86 713.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 347.50 713.10 Td (work ) Tj ET Q q 0 0 0 rg BT 370.50 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.38 713.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 422.04 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.26 713.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 474.69 713.10 Td (if ) Tj ET Q q 0 0 0 rg BT 483.24 713.10 Td (there ) Tj ET Q q 0 0 0 rg BT 505.67 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.32 713.10 Td (alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.39 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.62 701.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 133.48 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.14 701.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 173.92 701.10 Td (build-up ) Tj ET Q q 0 0 0 rg BT 210.25 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.47 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.14 701.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.91 701.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 280.03 701.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.58 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.46 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.69 701.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 357.58 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.35 701.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.35 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.57 701.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 440.66 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.33 701.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 477.77 701.10 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 511.31 701.10 Td (however) Tj ET Q q 0 0 0 rg BT 545.34 701.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 701.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 689.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 136.43 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.37 689.10 Td (results ) Tj ET Q q 0 0 0 rg BT 181.98 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.81 689.10 Td (such ) Tj ET Q q 0 0 0 rg BT 213.64 689.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 248.36 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 263.06 689.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 301.66 689.10 Td (uncertain.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 57.28 665.10 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 100.89 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.17 665.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 126.44 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.94 665.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 177.56 665.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 196.17 665.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 205.80 665.10 Td (operties) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 238.02 665.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.63 641.10 Td (full ) Tj ET Q q 0 0 0 rg BT 110.66 641.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 128.91 641.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 174.92 641.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 199.00 641.10 Td (we ) Tj ET Q q 0 0 0 rg BT 212.80 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.14 641.10 Td (required ) Tj ET Q q 0 0 0 rg BT 262.60 641.10 Td (each ) Tj ET Q q 0 0 0 rg BT 283.06 641.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 313.51 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.43 641.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 357.78 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.35 641.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 393.71 641.10 Td (test ) Tj ET Q q 0 0 0 rg BT 409.73 641.10 Td (calculation. ) Tj ET Q q 0 0 0 rg BT 458.24 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.38 641.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 487.51 641.10 Td (these ) Tj ET Q q 0 0 0 rg BT 510.20 641.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 534.28 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.63 641.10 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 67.44 629.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 96.49 629.10 Td (value ) Tj ET Q q 0 0 0 rg BT 119.98 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 128.49 629.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 170.85 629.10 Td (using ) Tj ET Q q 0 0 0 rg BT 194.35 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.40 629.10 Td (average ) Tj ET Q q 0 0 0 rg BT 241.32 629.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 333.13 629.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 345.52 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.79 629.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 391.39 629.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 406.56 629.10 Td (price ) Tj ET Q q 0 0 0 rg BT 428.38 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.87 629.10 Td (each ) Tj ET Q q 0 0 0 rg BT 462.02 629.10 Td (month ) Tj ET Q q 0 0 0 rg BT 489.42 629.10 Td (during ) Tj ET Q q 0 0 0 rg BT 517.36 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.63 629.10 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.71 617.10 Td (period ) Tj ET Q q 0 0 0 rg BT 106.81 617.10 Td (through ) Tj ET Q q 0 0 0 rg BT 140.46 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.23 617.10 Td (end ) Tj ET Q q 0 0 0 rg BT 172.21 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.09 617.10 Td (each ) Tj ET Q q 0 0 0 rg BT 203.96 617.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 242.60 617.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 281.80 617.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 312.40 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.76 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 332.85 617.10 Td (average ) Tj ET Q q 0 0 0 rg BT 366.49 617.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 459.00 617.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 498.22 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 511.32 617.10 Td (price ) Tj ET Q q 0 0 0 rg BT 533.85 617.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.73 617.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 93.30 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.77 605.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 138.68 605.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 173.58 605.10 Td (has ) Tj ET Q q 0 0 0 rg BT 189.05 605.10 Td (been ) Tj ET Q q 0 0 0 rg BT 210.07 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.98 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.56 605.10 Td (precipitous ) Tj ET Q q 0 0 0 rg BT 273.14 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 289.71 605.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 334.63 605.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 365.64 605.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 411.67 605.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 433.81 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.39 605.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 475.03 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 494.94 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.30 605.10 Td (average ) Tj ET Q q 0 0 0 rg BT 542.53 605.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 89.37 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 111.47 593.10 Td ($94.99 ) Tj ET Q q 0 0 0 rg BT 141.63 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 157.06 593.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 174.17 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 184.04 593.10 Td (December ) Tj ET Q q 0 0 0 rg BT 227.79 593.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 242.95 593.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 268.11 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.55 593.10 Td ($50.28 ) Tj ET Q q 0 0 0 rg BT 308.71 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 324.14 593.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 341.25 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 351.12 593.10 Td (December ) Tj ET Q q 0 0 0 rg BT 394.87 593.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 410.03 593.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 435.19 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.29 593.10 Td (further ) Tj ET Q q 0 0 0 rg BT 482.15 593.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.59 593.10 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.09 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.75 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 538.18 593.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 555.29 593.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.97 581.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.86 581.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 132.75 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 135.14 581.10 Td (In ) Tj ET Q q 0 0 0 rg BT 145.86 581.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 183.52 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.13 581.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 290.49 581.10 Td (average ) Tj ET Q q 0 0 0 rg BT 323.96 581.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 354.11 581.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.83 581.10 Td (price ) Tj ET Q q 0 0 0 rg BT 392.21 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 406.26 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.86 581.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 462.68 581.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 475.07 581.10 Td (months ) Tj ET Q q 0 0 0 rg BT 506.90 581.10 Td (was ) Tj ET Q q 0 0 0 rg BT 524.84 581.10 Td ($4.30 ) Tj ET Q q 0 0 0 rg BT 549.73 581.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 84.48 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 94.45 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.28 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 153.53 569.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 178.78 569.10 Td ($2.63 ) Tj ET Q q 0 0 0 rg BT 204.04 569.10 Td (per ) Tj ET Q q 0 0 0 rg BT 219.55 569.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 254.54 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 264.50 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 308.34 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 323.59 569.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 348.84 569.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 366.03 569.10 Td ($2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.53 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.28 569.10 Td (per ) Tj ET Q q 0 0 0 rg BT 406.80 569.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 441.78 569.10 Td (at ) Tj ET Q q 0 0 0 rg BT 451.75 569.10 Td (December ) Tj ET Q q 0 0 0 rg BT 495.58 569.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 510.83 569.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 536.08 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 538.63 569.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 78.43 557.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 105.13 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 126.83 557.10 Td (led ) Tj ET Q q 0 0 0 rg BT 141.87 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 152.47 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 168.63 557.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 218.65 557.10 Td (full ) Tj ET Q q 0 0 0 rg BT 235.36 557.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 254.29 557.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 274.90 557.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 304.93 557.10 Td (test ) Tj ET Q q 0 0 0 rg BT 321.64 557.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 374.46 557.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.83 557.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 438.15 557.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.05 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.87 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 487.13 557.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 507.46 557.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 536.39 557.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.16 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.25 545.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 114.41 545.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 162.07 545.10 Td (. ) Tj ET Q q 0 0 0 rg BT 167.22 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.69 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 178.33 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 185.42 545.10 Td (did ) Tj ET Q q 0 0 0 rg BT 200.86 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 216.29 545.10 Td (record ) Tj ET Q q 0 0 0 rg BT 244.48 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 251.58 545.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 281.45 545.10 Td (test ) Tj ET Q q 0 0 0 rg BT 297.99 545.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 346.74 545.10 Td (during ) Tj ET Q q 0 0 0 rg BT 375.51 545.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 400.67 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 403.13 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 411.77 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 418.86 545.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 457.61 545.10 Td (do ) Tj ET Q q 0 0 0 rg BT 470.27 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 485.70 545.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 514.45 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 524.89 545.10 Td (record ) Tj ET Q q 0 0 0 rg BT 553.08 545.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.10 533.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 140.80 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.19 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.01 533.10 Td (first ) Tj ET Q q 0 0 0 rg BT 184.72 533.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 215.65 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.58 533.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 249.19 533.10 Td (if ) Tj ET Q q 0 0 0 rg BT 257.90 533.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 271.07 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.11 533.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 318.48 533.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 334.42 533.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 360.90 533.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 391.27 533.10 Td (at ) Tj ET Q q 0 0 0 rg BT 401.10 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 412.03 533.10 Td (near ) Tj ET Q q 0 0 0 rg BT 431.85 533.10 Td (late-February ) Tj ET Q q 0 0 0 rg BT 488.31 533.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 510.92 533.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 539.35 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 550.29 533.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 90.77 521.10 Td (average ) Tj ET Q q 0 0 0 rg BT 124.23 521.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 150.49 521.10 Td (used ) Tj ET Q q 0 0 0 rg BT 171.20 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 181.36 521.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 232.06 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.66 521.10 Td (full ) Tj ET Q q 0 0 0 rg BT 262.92 521.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 281.41 521.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 311.00 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 335.04 521.10 Td (will ) Tj ET Q q 0 0 0 rg BT 352.98 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 374.23 521.10 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 414.93 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 425.65 521.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 453.56 521.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 485.94 521.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 513.87 521.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 540.13 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 521.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (first ) Tj ET Q q 0 0 0 rg BT 68.11 509.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 98.92 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.75 509.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 132.25 509.10 Td (than ) Tj ET Q q 0 0 0 rg BT 151.97 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.25 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.97 509.10 Td (first ) Tj ET Q q 0 0 0 rg BT 195.57 509.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 226.39 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.22 509.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (See ) Tj ET Q q 0 0 0 rg BT 84.11 485.10 Td (Item ) Tj ET Q q 0 0 0 rg BT 104.60 485.10 Td (1A, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 121.49 485.10 Td (Risk ) Tj ET Q q 0 0 0 rg BT 140.87 485.10 Td (Factors) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.98 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.65 485.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 193.25 485.10 Td (Critical ) Tj ET Q q 0 0 0 rg BT 226.37 485.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 274.08 485.10 Td (Policies ) Tj ET Q q 0 0 0 rg BT 308.46 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.63 485.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 366.68 485.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.68 485.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 373.85 485.10 Td (Full ) Tj ET Q q 0 0 0 rg BT 392.68 485.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 413.19 485.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 445.90 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.69 485.10 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 505.90 485.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 547.50 485.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 69.68 473.10 Td (eciation ) Tj ET Q q 0 0 0 rg BT 104.39 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.89 473.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 137.17 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 154.67 473.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 188.29 473.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 206.90 473.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 216.53 473.10 Td (operties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.25 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 265.41 473.10 Td (further ) Tj ET Q q 0 0 0 rg BT 295.12 473.10 Td (discussion.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (2015 Impairment of Goodwill) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 171.45 449.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.84 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 97.31 425.10 Td (required ) Tj ET Q q 0 0 0 rg BT 132.89 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.93 425.10 Td (test ) Tj ET Q q 0 0 0 rg BT 159.08 425.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 196.90 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.82 425.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 259.18 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 271.45 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 283.15 425.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 314.29 425.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 336.56 425.10 Td (when ) Tj ET Q q 0 0 0 rg BT 360.48 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 374.40 425.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 416.65 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 433.91 425.10 Td (it ) Tj ET Q q 0 0 0 rg BT 441.73 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.66 425.10 Td (more ) Tj ET Q q 0 0 0 rg BT 473.47 425.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 498.51 425.10 Td (than ) Tj ET Q q 0 0 0 rg BT 517.99 425.10 Td (not ) Tj ET Q q 0 0 0 rg BT 533.03 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.29 425.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.69 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.67 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.31 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 115.96 413.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 154.93 413.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 172.81 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 181.79 413.10 Td (less ) Tj ET Q q 0 0 0 rg BT 199.11 413.10 Td (than ) Tj ET Q q 0 0 0 rg BT 218.64 413.10 Td (its ) Tj ET Q q 0 0 0 rg BT 230.41 413.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 266.04 413.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 300.85 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 303.00 413.10 Td (W) Tj ET Q q 0 0 0 rg BT 311.64 413.10 Td (e ) Tj ET Q q 0 0 0 rg BT 318.40 413.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 355.69 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 362.44 413.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 400.32 413.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 448.73 413.10 Td (char) Tj ET Q q 0 0 0 rg BT 465.76 413.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 477.51 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.16 413.10 Td ($1.3 ) Tj ET Q q 0 0 0 rg BT 507.98 413.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 536.41 413.10 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.50 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.78 401.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 106.17 401.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 134.77 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.49 401.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 185.30 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 209.46 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.29 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.12 401.10 Td (goodwill.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (Other Expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 91.76 353.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 129.35 353.10 Td (totaled ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.06 353.10 Td ($37.4 ) Tj ET Q q 0 0 0 rg BT 182.05 353.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.94 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.44 353.10 Td (during ) Tj ET Q q 0 0 0 rg BT 240.04 353.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 264.03 353.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 302.74 353.10 Td (comprised ) Tj ET Q q 0 0 0 rg BT 345.88 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.71 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.64 353.10 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 385.63 353.10 Td (million ) Tj ET Q q 0 0 0 rg BT 416.02 353.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.28 353.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 471.21 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 480.48 353.10 Td (Evolution ) Tj ET Q q 0 0 0 rg BT 521.41 353.10 Td (Petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Corporation ) Tj ET Q q 0 0 0 rg BT 100.23 341.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 137.07 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.25 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.09 341.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 197.59 341.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 241.63 341.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 273.45 341.10 Td (into ) Tj ET Q q 0 0 0 rg BT 291.41 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.59 341.10 Td (June ) Tj ET Q q 0 0 0 rg BT 322.32 341.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 347.22 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 349.63 341.10 Td (See ) Tj ET Q q 0 0 0 rg BT 366.46 341.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 388.30 341.10 Td (10, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 403.21 341.10 Td (Commitments ) Tj ET Q q 0 0 0 rg BT 460.61 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 478.01 341.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.22 341.10 Td (, ) Tj ET Q q 0 0 0 rg BT 540.12 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 341.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.77 329.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 144.49 329.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 190.87 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.03 329.10 Td (further ) Tj ET Q q 0 0 0 rg BT 234.73 329.10 Td (discussion.) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.11 305.10 Td (T) Tj ET Q q 0 0 0 rg BT 88.30 305.10 Td (axes) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 264.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 264.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 264.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 264.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 264.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 234.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 234.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 234.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 234.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 234.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 204.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 204.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 204.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 204.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 204.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 279.6 m 423.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 279.6 m 427.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 279.6 m 492.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 279.6 m 496.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 279.6 m 561.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 264.6 m 354.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 279.6 m 423.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 264.6 m 423.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 279.6 m 427.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 279.6 m 492.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 264.6 m 492.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 279.6 m 496.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 279.6 m 561.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 264.6 m 561.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 264.6 m 354.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 264.6 m 423.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 264.6 m 492.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 264.6 m 561.5 264.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 234.60000000000002 m 423.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 234.60000000000002 m 492.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 234.60000000000002 m 561.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 234.60000000000002 m 423.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.60000000000002 m 423.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 218.60000000000002 m 423.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 234.60000000000002 m 492.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.60000000000002 m 492.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 218.60000000000002 m 492.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 234.60000000000002 m 561.5 234.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 220.60000000000002 m 561.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 218.60000000000002 m 561.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 218.60000000000002 m 423.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.60000000000002 m 423.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 218.60000000000002 m 492.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.60000000000002 m 492.5 220.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 218.60000000000002 m 561.5 218.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 220.60000000000002 m 561.5 220.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.50 284.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 284.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 269.31 Td (In thousands, except per-BOE amounts and tax rates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 269.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 269.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 269.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 254.27 Td (Current income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 254.32 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 254.32 Td (\(8,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 254.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 254.32 Td (\(42,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 254.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 239.27 Td (Deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 239.32 Td (\(543,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 239.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 239.32 Td (\(1,932,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 239.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 239.27 Td (429,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 224.27 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 224.32 Td (\(544,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 224.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.30 224.32 Td (\(1,940,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 224.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 224.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.15 224.27 Td (387,066) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 209.27 Td (Average income tax expense \(benefit\) per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 209.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 209.32 Td (\(23.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 209.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 209.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 209.32 Td (\(72.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 209.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 209.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 209.27 Td (14.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 194.27 Td (Effective tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 194.27 Td (35.8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.65 194.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 194.27 Td (30.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 483.65 194.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 194.27 Td (37.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 552.65 194.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 179.27 Td (Total net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.15 179.27 Td (293,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.15 179.27 Td (852,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 179.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 179.27 Td (2,776,569) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 151.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.81 151.10 Td (income ) Tj ET Q q 0 0 0 rg BT 118.00 151.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.97 151.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 177.40 151.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.81 151.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 217.07 151.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 239.83 151.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.02 151.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 279.78 151.10 Td (were ) Tj ET Q q 0 0 0 rg BT 301.96 151.10 Td (based ) Tj ET Q q 0 0 0 rg BT 327.49 151.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.24 151.10 Td (an ) Tj ET Q q 0 0 0 rg BT 352.44 151.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 393.52 151.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 431.27 151.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 449.01 151.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.10 151.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 520.61 151.10 Td (38%. ) Tj ET Q q 0 0 0 rg BT 544.20 151.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 151.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 139.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 86.56 139.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 101.05 139.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 118.31 139.10 Td (was ) Tj ET Q q 0 0 0 rg BT 136.13 139.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 178.40 139.10 Td (with ) Tj ET Q q 0 0 0 rg BT 198.45 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 214.05 139.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 254.64 139.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 291.91 139.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 309.17 139.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.22 139.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 343.99 139.10 Td (while ) Tj ET Q q 0 0 0 rg BT 368.48 139.10 Td (our ) Tj ET Q q 0 0 0 rg BT 384.08 139.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 406.35 139.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.06 139.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 445.34 139.10 Td (ef) Tj ET Q q 0 0 0 rg BT 452.92 139.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 482.40 139.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 496.89 139.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 518.04 139.10 Td (were ) Tj ET Q q 0 0 0 rg BT 539.74 139.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.10 Td (than ) Tj ET Q q 0 0 0 rg BT 71.19 127.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.87 127.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 127.34 127.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 149.29 127.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.77 127.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 163.02 127.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.70 127.10 Td (January ) Tj ET Q q 0 0 0 rg BT 230.26 127.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 242.23 127.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 269.20 127.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.33 127.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 320.47 127.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 371.60 127.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 415.51 127.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 448.86 127.10 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 486.66 127.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 518.90 127.10 Td (2016-09\), ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 115.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 68.57 115.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 109.29 115.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.57 115.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 163.50 115.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 182.02 115.10 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 217.73 115.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 255.97 115.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.51 115.10 Td (, ) Tj ET Q q 0 0 0 rg BT 307.52 115.10 Td (which ) Tj ET Q q 0 0 0 rg BT 335.46 115.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 375.62 115.10 Td (the ) Tj ET Q q 0 0 0 rg BT 391.34 115.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 420.96 115.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.80 115.10 Td (when ) Tj ET Q q 0 0 0 rg BT 457.96 115.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 487.57 115.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 503.29 115.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 538.45 115.10 Td (or ) Tj ET Q q 0 0 0 rg BT 550.29 115.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.10 Td (shortfalls ) Tj ET Q q 0 0 0 rg BT 89.19 103.10 Td (are ) Tj ET Q q 0 0 0 rg BT 103.88 103.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 152.71 103.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.19 103.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 173.22 103.10 Td (ef) Tj ET Q q 0 0 0 rg BT 180.80 103.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 210.48 103.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 225.17 103.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 242.63 103.10 Td (for ) Tj ET Q q 0 0 0 rg BT 256.77 103.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 279.25 103.10 Td (was ) Tj ET Q q 0 0 0 rg BT 297.27 103.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 322.52 103.10 Td (than ) Tj ET Q q 0 0 0 rg BT 342.21 103.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.02 103.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 398.81 103.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 436.28 103.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 453.74 103.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 493.43 103.10 Td (due ) Tj ET Q q 0 0 0 rg BT 510.34 103.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.60 103.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.29 103.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.54 91.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.68 91.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 79.60 91.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 114.64 91.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.34 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.27 91.10 Td (stock-based ) Tj ET Q q 0 0 0 rg BT 189.18 91.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 246.43 91.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 287.57 91.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 309.54 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.47 91.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 380.72 91.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 414.63 91.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 460.20 91.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.68 91.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.61 91.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.29 91.10 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.22 79.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 97.15 79.10 Td (than ) Tj ET Q q 0 0 0 rg BT 116.54 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.93 79.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 156.98 79.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 214.69 79.10 Td (realized, ) Tj ET Q q 0 0 0 rg BT 251.00 79.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 288.17 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 298.12 79.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.73 79.10 Td (shortfall ) Tj ET Q q 0 0 0 rg BT 340.23 79.10 Td (in ) Tj ET Q q 0 0 0 rg BT 350.18 79.10 Td (the ) Tj ET Q q 0 0 0 rg BT 364.57 79.10 Td (income ) Tj ET Q q 0 0 0 rg BT 396.18 79.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 410.57 79.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 452.18 79.10 Td (for ) Tj ET Q q 0 0 0 rg BT 466.01 79.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 489.29 79.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 519.78 79.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.95 79.10 Td (vested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.10 Td (during ) Tj ET Q q 0 0 0 rg BT 77.87 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.34 67.10 Td (period\). ) Tj ET Q q 0 0 0 rg BT 125.98 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 128.24 67.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 150.49 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 160.53 67.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.01 67.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 212.26 67.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.35 67.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 244.61 67.10 Td (2016-09, ) Tj ET Q q 0 0 0 rg BT 282.70 67.10 Td (this ) Tj ET Q q 0 0 0 rg BT 299.41 67.10 Td (was ) Tj ET Q q 0 0 0 rg BT 317.22 67.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 354.45 67.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.04 67.10 Td (an ) Tj ET Q q 0 0 0 rg BT 376.74 67.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 422.88 67.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.91 67.10 Td (equity) Tj ET Q q 0 0 0 rg BT 457.26 67.10 Td (. ) Tj ET Q q 0 0 0 rg BT 462.02 67.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.27 67.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 482.08 67.10 Td (ef) Tj ET Q q 0 0 0 rg BT 489.67 67.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 519.13 67.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 533.61 67.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 550.85 67.10 Td (for ) Tj ET Q endstream endobj 113 0 obj <> endobj 114 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 71.80 713.10 Td (was ) Tj ET Q q 0 0 0 rg BT 89.66 713.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 114.73 713.10 Td (than ) Tj ET Q q 0 0 0 rg BT 134.26 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 149.89 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 190.52 713.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 227.82 713.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 247.61 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.24 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 264.98 713.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 309.50 713.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 340.69 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 351.33 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.85 713.10 Td (book ) Tj ET Q q 0 0 0 rg BT 388.15 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 412.11 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.75 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 438.38 713.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 476.24 713.10 Td (impaired ) Tj ET Q q 0 0 0 rg BT 514.09 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 542.50 713.10 Td (2015 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (had ) Tj ET Q q 0 0 0 rg BT 66.44 701.10 Td (no ) Tj ET Q q 0 0 0 rg BT 78.94 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 108.65 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 123.37 701.10 Td (basis. ) Tj ET Q q 0 0 0 rg BT 148.37 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.69 701.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 195.11 701.10 Td (no ) Tj ET Q q 0 0 0 rg BT 207.61 701.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 267.32 701.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 303.13 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 317.85 701.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 348.11 701.10 Td (was ) Tj ET Q q 0 0 0 rg BT 366.17 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 412.53 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 442.24 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.52 701.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.02 701.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 501.40 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.24 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.96 701.10 Td (goodwill ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (impairment. ) Tj ET Q q 0 0 0 rg BT 100.82 689.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.55 689.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 121.82 689.10 Td (ef) Tj ET Q q 0 0 0 rg BT 129.41 689.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 159.34 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 174.28 689.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 195.88 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.27 689.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 232.99 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.15 689.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 272.88 689.10 Td (were ) Tj ET Q q 0 0 0 rg BT 295.03 689.10 Td (further ) Tj ET Q q 0 0 0 rg BT 324.96 689.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 364.34 689.10 Td (by ) Tj ET Q q 0 0 0 rg BT 377.06 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 384.23 689.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 399.17 689.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 439.10 689.10 Td (allowance, ) Tj ET Q q 0 0 0 rg BT 484.86 689.10 Td (which ) Tj ET Q q 0 0 0 rg BT 512.02 689.10 Td (also ) Tj ET Q q 0 0 0 rg BT 530.86 689.10 Td (reduced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.62 677.10 Td (net ) Tj ET Q q 0 0 0 rg BT 79.73 677.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 115.94 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 131.05 677.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 161.72 677.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 210.98 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.24 677.10 Td (As ) Tj ET Q q 0 0 0 rg BT 227.25 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.48 677.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 297.46 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.46 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.86 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 337.42 677.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.76 677.10 Td ($36.5 ) Tj ET Q q 0 0 0 rg BT 380.16 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.05 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 411.95 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 423.18 677.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 459.39 677.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 474.50 677.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 500.73 677.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.72 677.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (State ) Tj ET Q q 0 0 0 rg BT 71.73 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 82.29 665.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 123.95 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 138.40 665.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 178.40 665.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 207.02 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.76 665.10 Td (As ) Tj ET Q q 0 0 0 rg BT 222.10 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.55 665.10 Td (result ) Tj ET Q q 0 0 0 rg BT 261.00 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.56 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 278.23 665.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 292.68 665.10 Td (law ) Tj ET Q q 0 0 0 rg BT 309.35 665.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 342.11 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.12 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.57 665.10 Td (State ) Tj ET Q q 0 0 0 rg BT 388.80 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 399.36 665.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 441.02 665.10 Td (ef) Tj ET Q q 0 0 0 rg BT 448.61 665.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 478.05 665.10 Td (June ) Tj ET Q q 0 0 0 rg BT 498.61 665.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 513.34 665.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 538.07 665.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 74.81 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 81.77 653.10 Td (company) Tj ET Q q 0 0 0 rg BT 121.20 653.10 Td (s ) Tj ET Q q 0 0 0 rg BT 127.62 653.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 170.69 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.54 653.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.27 653.10 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 259.62 653.10 Td (including ) Tj ET Q q 0 0 0 rg BT 299.91 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 315.77 653.10 Td (net ) Tj ET Q q 0 0 0 rg BT 330.51 653.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 370.79 653.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 388.88 653.10 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 449.98 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 464.16 653.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 510.55 653.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.29 653.10 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 97.13 641.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.88 641.10 Td ($33.6 ) Tj ET Q q 0 0 0 rg BT 156.59 641.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.48 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.69 641.10 Td (during ) Tj ET Q q 0 0 0 rg BT 218.00 641.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 241.20 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.85 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.49 641.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 314.68 641.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 335.39 641.10 Td (million ) Tj ET Q q 0 0 0 rg BT 367.48 641.10 Td (during ) Tj ET Q q 0 0 0 rg BT 396.80 641.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 420.00 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 430.99 641.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 460.84 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.26 641.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 512.78 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 537.64 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 641.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 84.28 629.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 97.97 629.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 122.77 629.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 165.34 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 184.59 629.10 Td (State ) Tj ET Q q 0 0 0 rg BT 206.06 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.87 629.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 256.77 629.10 Td (net ) Tj ET Q q 0 0 0 rg BT 270.46 629.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 309.70 629.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 337.57 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 338.93 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.95 629.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 394.64 629.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 440.54 629.10 Td (will ) Tj ET Q q 0 0 0 rg BT 457.57 629.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 486.80 629.10 Td (until ) Tj ET Q q 0 0 0 rg BT 506.61 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 520.30 629.10 Td (realization ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 617.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.71 617.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 122.51 617.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 137.23 617.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 171.38 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.09 617.10 Td (more ) Tj ET Q q 0 0 0 rg BT 209.14 617.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 234.41 617.10 Td (than ) Tj ET Q q 0 0 0 rg BT 254.13 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 269.41 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.69 617.10 Td (become ) Tj ET Q q 0 0 0 rg BT 313.28 617.10 Td (utilized. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.06 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.85 593.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.38 593.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.33 593.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.28 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.39 593.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.28 593.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 593.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 283.49 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.16 593.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 330.37 593.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 593.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 363.10 593.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.99 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.10 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.33 593.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.22 593.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.87 593.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.54 593.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 546.97 593.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.16 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.18 581.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.75 581.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.10 581.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.88 581.10 Td (during ) Tj ET Q q 0 0 0 rg BT 236.79 581.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.59 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.72 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.96 581.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 303.53 581.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 344.09 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.23 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.24 581.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 414.14 581.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 450.25 581.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 465.27 581.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 487.51 581.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 507.25 581.10 Td (if ) Tj ET Q q 0 0 0 rg BT 516.16 581.10 Td (recognized, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (would ) Tj ET Q q 0 0 0 rg BT 77.13 569.10 Td (not ) Tj ET Q q 0 0 0 rg BT 92.54 569.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 135.71 569.10 Td (af) Tj ET Q q 0 0 0 rg BT 143.30 569.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 160.92 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 176.88 569.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 206.17 569.10 Td (ef) Tj ET Q q 0 0 0 rg BT 213.75 569.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 243.59 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 258.44 569.10 Td (rate. ) Tj ET Q q 0 0 0 rg BT 280.86 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 299.04 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 313.89 569.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 344.29 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.36 569.10 Td (an ) Tj ET Q q 0 0 0 rg BT 378.43 569.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 418.26 569.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.11 569.10 Td (position ) Tj ET Q q 0 0 0 rg BT 467.97 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 486.16 569.10 Td (only ) Tj ET Q q 0 0 0 rg BT 506.57 569.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.64 569.10 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (if ) Tj ET Q q 0 0 0 rg BT 58.84 557.10 Td (it ) Tj ET Q q 0 0 0 rg BT 67.63 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 77.54 557.10 Td (more ) Tj ET Q q 0 0 0 rg BT 101.32 557.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 127.32 557.10 Td (than ) Tj ET Q q 0 0 0 rg BT 147.78 557.10 Td (not ) Tj ET Q q 0 0 0 rg BT 163.79 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 182.02 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.47 557.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 212.92 557.10 Td (position ) Tj ET Q q 0 0 0 rg BT 248.38 557.10 Td (will ) Tj ET Q q 0 0 0 rg BT 267.17 557.10 Td (be ) Tj ET Q q 0 0 0 rg BT 279.84 557.10 Td (sustained ) Tj ET Q q 0 0 0 rg BT 320.29 557.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.53 557.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 396.19 557.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.42 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.87 557.10 Td (taxing ) Tj ET Q q 0 0 0 rg BT 453.10 557.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 501.05 557.10 Td (based ) Tj ET Q q 0 0 0 rg BT 527.05 557.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.28 557.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (technical ) Tj ET Q q 0 0 0 rg BT 88.65 545.10 Td (merits ) Tj ET Q q 0 0 0 rg BT 116.70 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.08 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.36 545.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 183.42 545.10 Td (W) Tj ET Q q 0 0 0 rg BT 192.06 545.10 Td (e ) Tj ET Q q 0 0 0 rg BT 199.55 545.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 238.70 545.10 Td (do ) Tj ET Q q 0 0 0 rg BT 251.76 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 267.59 545.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 296.75 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 304.24 545.10 Td (material ) Tj ET Q q 0 0 0 rg BT 340.06 545.10 Td (change ) Tj ET Q q 0 0 0 rg BT 371.43 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.26 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.54 545.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 437.79 545.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.07 545.10 Td (position ) Tj ET Q q 0 0 0 rg BT 488.35 545.10 Td (within ) Tj ET Q q 0 0 0 rg BT 516.96 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.24 545.10 Td (next ) Tj ET Q q 0 0 0 rg BT 552.51 545.10 Td (12 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 86.78 533.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 105.17 533.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 133.00 533.10 Td (is ) Tj ET Q q 0 0 0 rg BT 142.50 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.11 533.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 194.81 533.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 233.18 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 250.45 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 282.72 533.10 Td (related ) Tj ET Q q 0 0 0 rg BT 312.76 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 323.37 533.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 363.40 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 378.45 533.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 417.41 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.02 533.10 Td (income ) Tj ET Q q 0 0 0 rg BT 460.29 533.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 475.34 533.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 513.15 533.10 Td (however) Tj ET Q q 0 0 0 rg BT 547.18 533.10 Td (, ) Tj ET Q q 0 0 0 rg BT 552.52 533.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (such ) Tj ET Q q 0 0 0 rg BT 70.33 521.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 106.72 521.10 Td (were ) Tj ET Q q 0 0 0 rg BT 128.65 521.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 162.23 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 191.93 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 202.21 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.93 521.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 256.63 521.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.35 521.10 Td (position ) Tj ET Q q 0 0 0 rg BT 306.07 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 316.90 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.73 521.10 Td (December ) Tj ET Q q 0 0 0 rg BT 371.32 521.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 386.32 521.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.87 497.10 Td (current ) Tj ET Q q 0 0 0 rg BT 117.00 497.10 Td (income ) Tj ET Q q 0 0 0 rg BT 149.26 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 164.30 497.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 198.77 497.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 236.57 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 247.17 497.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 269.99 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.25 497.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 310.07 497.10 Td (were ) Tj ET Q q 0 0 0 rg BT 332.32 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.92 497.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 391.29 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.44 497.10 Td (reinstated ) Tj ET Q q 0 0 0 rg BT 444.13 497.10 Td (bonus ) Tj ET Q q 0 0 0 rg BT 470.84 497.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 523.08 497.10 Td (becoming ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (available ) Tj ET Q q 0 0 0 rg BT 87.60 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.40 485.10 Td (December ) Tj ET Q q 0 0 0 rg BT 140.50 485.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 162.51 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.97 485.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 203.48 485.10 Td (along ) Tj ET Q q 0 0 0 rg BT 227.72 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 247.51 485.10 Td (an ) Tj ET Q q 0 0 0 rg BT 258.96 485.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 293.73 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 303.53 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 332.75 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.98 485.10 Td (preference ) Tj ET Q q 0 0 0 rg BT 391.18 485.10 Td (items. ) Tj ET Q q 0 0 0 rg BT 417.36 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.23 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 427.86 485.10 Td (e ) Tj ET Q q 0 0 0 rg BT 434.32 485.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 472.43 485.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 500.54 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 510.33 485.10 Td (carryforward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.54 473.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 87.36 473.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 121.84 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 132.45 473.10 Td (of) Tj ET Q q 0 0 0 rg BT 140.59 473.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 157.86 473.10 Td (taxable ) Tj ET Q q 0 0 0 rg BT 189.55 473.10 Td (income ) Tj ET Q q 0 0 0 rg BT 221.81 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.41 473.10 Td (future ) Tj ET Q q 0 0 0 rg BT 259.11 473.10 Td (periods. ) Tj ET Q q 0 0 0 rg BT 293.88 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.49 473.10 Td (The ) Tj ET Q q 0 0 0 rg BT 314.87 473.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 337.69 473.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 368.28 473.10 Td (was ) Tj ET Q q 0 0 0 rg BT 386.65 473.10 Td (carried ) Tj ET Q q 0 0 0 rg BT 417.23 473.10 Td (back ) Tj ET Q q 0 0 0 rg BT 438.93 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 449.53 473.10 Td (our ) Tj ET Q q 0 0 0 rg BT 465.69 473.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 486.83 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 501.88 473.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 532.47 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 543.07 473.10 Td (prior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 75.50 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.73 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.68 461.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 131.39 461.10 Td (income ) Tj ET Q q 0 0 0 rg BT 163.23 461.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 177.85 461.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 211.91 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 240.42 461.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 262.83 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 279.67 461.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 302.07 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 323.90 461.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 363.52 461.10 Td (due ) Tj ET Q q 0 0 0 rg BT 380.36 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.54 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.17 461.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 434.78 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.51 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.14 461.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 508.64 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.37 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.11 461.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 461.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.46 449.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.00 449.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 137.18 449.10 Td (during ) Tj ET Q q 0 0 0 rg BT 165.49 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 179.91 449.10 Td (year) Tj ET Q q 0 0 0 rg BT 196.72 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 201.42 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 221.40 449.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 243.60 449.10 Td (further ) Tj ET Q q 0 0 0 rg BT 273.01 449.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 311.86 449.10 Td (by ) Tj ET Q q 0 0 0 rg BT 324.06 449.10 Td (an ) Tj ET Q q 0 0 0 rg BT 335.70 449.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 382.86 449.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 434.48 449.10 Td (char) Tj ET Q q 0 0 0 rg BT 451.50 449.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 463.14 449.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 506.44 449.10 Td (with ) Tj ET Q q 0 0 0 rg BT 526.42 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.83 449.10 Td (Riley ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 75.76 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 91.47 437.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 136.61 437.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 167.30 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.12 437.10 Td (related ) Tj ET Q q 0 0 0 rg BT 213.69 437.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 241.90 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 244.27 437.10 Td (In ) Tj ET Q q 0 0 0 rg BT 254.98 437.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 301.22 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 321.38 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.97 437.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 373.88 437.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 417.91 437.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 465.82 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 475.97 437.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 516.10 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.91 437.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.17 437.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.50 425.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 99.84 425.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 126.95 425.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 181.27 425.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 205.05 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.38 425.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 242.05 425.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 270.83 425.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 305.71 425.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 331.71 425.10 Td (during ) Tj ET Q q 0 0 0 rg BT 360.49 425.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 385.66 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 399.99 425.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 434.30 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 441.41 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 456.30 425.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 476.19 425.10 Td (due ) Tj ET Q q 0 0 0 rg BT 493.30 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.75 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 425.10 Td (concession ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 88.09 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 100.59 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 116.42 413.10 Td (note ) Tj ET Q q 0 0 0 rg BT 136.14 413.10 Td (holders. ) Tj ET Q q 0 0 0 rg BT 170.58 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.90 413.10 Td (This ) Tj ET Q q 0 0 0 rg BT 193.18 413.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 207.89 413.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 227.61 413.10 Td (was ) Tj ET Q q 0 0 0 rg BT 245.66 413.10 Td (of) Tj ET Q q 0 0 0 rg BT 253.81 413.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 270.75 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 283.25 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 297.97 413.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 338.23 413.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.62 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.56 413.10 Td (other ) Tj ET Q q 0 0 0 rg BT 404.61 413.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 440.41 413.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 455.13 413.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 477.07 413.10 Td (attributes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.50 389.10 Td (As ) Tj ET Q q 0 0 0 rg BT 84.72 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.15 389.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 155.33 389.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.94 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.70 389.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.24 389.10 Td (tax-ef) Tj ET Q q 0 0 0 rg BT 236.37 389.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 263.90 389.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 294.75 389.10 Td (net ) Tj ET Q q 0 0 0 rg BT 310.07 389.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 350.94 389.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 369.60 389.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 428.78 389.10 Td (\(NOLs\) ) Tj ET Q q 0 0 0 rg BT 471.87 389.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 505.52 389.10 Td ($27.1 ) Tj ET Q q 0 0 0 rg BT 531.12 389.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (state ) Tj ET Q q 0 0 0 rg BT 69.92 377.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 96.46 377.10 Td (totaling ) Tj ET Q q 0 0 0 rg BT 129.11 377.10 Td ($42.6 ) Tj ET Q q 0 0 0 rg BT 153.71 377.10 Td (million ) Tj ET Q q 0 0 0 rg BT 184.70 377.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 215.66 377.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 255.54 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.29 377.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 308.60 377.10 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 357.06 377.10 Td (an ) Tj ET Q q 0 0 0 rg BT 368.60 377.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 409.02 377.10 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 433.61 377.10 Td (million ) Tj ET Q q 0 0 0 rg BT 464.60 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 475.03 377.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 514.88 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 527.53 377.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 78.40 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.42 365.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 111.20 365.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 145.09 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 174.54 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.56 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 200.13 365.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 231.25 365.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 277.64 365.10 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 302.39 365.10 Td (million ) Tj ET Q q 0 0 0 rg BT 333.52 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 344.09 365.10 Td (research ) Tj ET Q q 0 0 0 rg BT 379.64 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 396.32 365.10 Td (development ) Tj ET Q q 0 0 0 rg BT 450.22 365.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 481.61 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 498.29 365.10 Td ($41.1 ) Tj ET Q q 0 0 0 rg BT 523.04 365.10 Td (million ) Tj ET Q q 0 0 0 rg BT 554.17 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 94.75 353.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 136.69 353.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.95 353.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 181.65 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 199.70 353.10 Td (can ) Tj ET Q q 0 0 0 rg BT 216.62 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 229.11 353.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 262.15 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 272.98 353.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 302.67 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 319.05 353.10 Td (current ) Tj ET Q q 0 0 0 rg BT 350.41 353.10 Td (income ) Tj ET Q q 0 0 0 rg BT 382.89 353.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 406.49 353.10 Td (during ) Tj ET Q q 0 0 0 rg BT 435.65 353.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 458.69 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 470.07 353.10 Td (future ) Tj ET Q q 0 0 0 rg BT 497.00 353.10 Td (years.Our ) Tj ET Q q 0 0 0 rg BT 544.20 353.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 75.94 341.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 102.93 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.70 341.10 Td (various ) Tj ET Q q 0 0 0 rg BT 144.14 341.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 169.74 341.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 201.73 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.51 341.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 236.01 341.10 Td (although ) Tj ET Q q 0 0 0 rg BT 273.00 341.10 Td (most ) Tj ET Q q 0 0 0 rg BT 294.45 341.10 Td (do ) Tj ET Q q 0 0 0 rg BT 306.44 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 321.22 341.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 345.44 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.21 341.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 382.20 341.10 Td (until ) Tj ET Q q 0 0 0 rg BT 402.53 341.10 Td (2036. ) Tj ET Q q 0 0 0 rg BT 427.03 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 429.03 341.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 446.58 341.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 486.33 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 498.89 341.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 535.86 341.10 Td (credits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 329.10 Td (research ) Tj ET Q q 0 0 0 rg BT 102.24 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.18 329.10 Td (development ) Tj ET Q q 0 0 0 rg BT 173.33 329.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 202.49 329.10 Td (do ) Tj ET Q q 0 0 0 rg BT 214.99 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 230.27 329.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 254.98 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 265.26 329.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 292.75 329.10 Td (until ) Tj ET Q q 0 0 0 rg BT 313.58 329.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 336.08 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.02 329.10 Td (2031, ) Tj ET Q q 0 0 0 rg BT 378.02 329.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 425.68 329.10 Td (.) Tj ET Q endstream endobj 115 0 obj <> endobj 116 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (57) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Per-BOE ) Tj ET Q q 0 0 0 rg BT 90.33 713.25 Td (Data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 84.87 689.25 Td (following ) Tj ET Q q 0 0 0 rg BT 125.58 689.25 Td (table ) Tj ET Q q 0 0 0 rg BT 146.84 689.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 196.43 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.59 689.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 231.18 689.25 Td (flow ) Tj ET Q q 0 0 0 rg BT 251.34 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.60 689.25 Td (results ) Tj ET Q q 0 0 0 rg BT 295.53 689.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.69 689.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 349.17 689.25 Td (on ) Tj ET Q q 0 0 0 rg BT 360.99 689.25 Td (a ) Tj ET Q q 0 0 0 rg BT 367.26 689.25 Td (per) Tj ET Q q 0 0 0 rg BT 379.83 689.25 Td (-BOE ) Tj ET Q q 0 0 0 rg BT 404.98 689.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 426.81 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 440.29 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.33 689.25 Td (comparative ) Tj ET Q q 0 0 0 rg BT 505.58 689.25 Td (periods.Each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 677.25 Td (individual ) Tj ET Q q 0 0 0 rg BT 118.10 677.25 Td (components ) Tj ET Q q 0 0 0 rg BT 168.92 677.25 Td (is ) Tj ET Q q 0 0 0 rg BT 178.09 677.25 Td (discussed ) Tj ET Q q 0 0 0 rg BT 218.92 677.25 Td (above.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 640.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 610.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 580.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 540.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 540.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 540.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 510.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 510.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 510.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 480.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 480.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 480.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 450.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 450.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 450.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 450.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 450.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 420.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 420.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 420.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 420.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 420.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 390.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 390.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 390.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 390.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 390.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 360.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 360.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 360.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 360.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 360.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 360.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 360.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 330.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 330.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 330.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 330.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 653.75 m 423.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 653.75 m 427.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 653.75 m 492.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.75 m 496.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 653.75 m 561.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 640.75 m 354.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 653.75 m 423.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 640.75 m 423.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 653.75 m 492.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 640.75 m 492.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 653.75 m 561.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.75 m 561.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 640.75 m 423.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 640.75 m 492.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 640.75 m 561.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 540.75 m 423.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 540.75 m 492.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 540.75 m 561.5 540.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 450.75 m 423.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 450.75 m 492.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 450.75 m 561.5 450.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 315.75 m 423.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.75 m 492.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 315.75 m 423.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 301.75 m 423.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 299.75 m 423.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 315.75 m 492.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 301.75 m 492.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 299.75 m 492.5 299.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 315.75 m 561.5 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 301.75 m 561.5 301.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 299.75 m 561.5 299.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 657.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 657.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 644.31 Td (Per-BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 644.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 644.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 644.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.42 Td (Oil and natural gas revenues) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 630.42 Td (39.95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 630.42 Td (45.61) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 630.42 Td (87.33) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 615.42 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 615.42 Td (3.59) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 615.42 Td (19.24) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 615.42 Td (0.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 600.42 Td (Lease operating expenses excluding special items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 600.47 Td (\(17.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 600.47 Td (\(19.88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 600.47 Td (\(24.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 600.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 585.42 Td (Lease operating expenses special items ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 218.61 589.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 585.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 585.42 Td (0.51) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 585.42 Td (0.26) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 570.42 Td (Production and ad valorem taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 570.47 Td (\(2.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 570.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 570.47 Td (\(3.60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 570.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 570.47 Td (\(5.72) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 570.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 555.42 Td (Marketing expenses, net of third-party purchases, and plant operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 545.42 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 545.47 Td (\(1.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 545.47 Td (\(1.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 545.47 Td (\(1.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 545.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 530.42 Td (Production netback) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 530.42 Td (20.97) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 530.42 Td (40.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 530.42 Td (56.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 515.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 65.89 513.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.14 515.42 Td ( sales, net of operating and exploration expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 515.42 Td (0.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 515.42 Td (0.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 515.42 Td (0.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 500.42 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 500.47 Td (\(4.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 500.47 Td (\(5.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 500.47 Td (\(5.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 485.42 Td (Interest expense, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 485.47 Td (\(5.34) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 485.47 Td (\(5.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 485.47 Td (\(6.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 470.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 470.47 Td (\(0.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 470.42 Td (1.18) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 470.42 Td (2.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 455.42 Td (Changes in assets and liabilities relating to operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 455.47 Td (\(1.92) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 455.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 455.42 Td (1.71) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 455.47 Td (\(1.69) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 455.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 440.42 Td (Cash flows from operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 440.42 Td (9.36) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 440.42 Td (32.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 440.42 Td (45.01) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 425.42 Td (DD&A excluding accelerated depreciation charge) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 425.47 Td (\(10.89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 425.47 Td (\(19.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 425.47 Td (\(21.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 425.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 410.42 Td (DD&A) Tj ET Q q 0 0 0 rg BT 80.89 410.42 Td ( accelerated depreciation char) Tj ET Q q 0 0 0 rg BT 207.29 410.42 Td (ge ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.23 414.95 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 410.47 Td (\(25.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 410.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 410.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 410.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 395.42 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 395.47 Td (\(34.62) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 395.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 395.47 Td (\(185.74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 395.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 395.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 380.42 Td (Impairment of goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 380.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 380.47 Td (\(47.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 380.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 380.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 365.42 Td (Deferred income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 365.42 Td (23.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 365.42 Td (72.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.80 365.47 Td (\(15.83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 365.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 350.42 Td (Gain \(loss\) on early extinguishment of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 350.42 Td (4.91) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 350.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 350.47 Td (\(4.19) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 350.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 335.42 Td (Noncash fair value gains \(losses\) on commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 291.11 339.95 Td ( \(3\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 335.47 Td (\(9.05) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 335.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 335.47 Td (\(13.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 335.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 335.42 Td (20.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 320.42 Td (Other noncash items) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 320.42 Td (0.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 320.47 Td (\(3.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 320.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 320.47 Td (\(0.16) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 320.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 305.42 Td (Net income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 305.47 Td (\(41.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 305.47 Td (\(164.90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 305.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 305.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 305.42 Td (23.39) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 277.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 277.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 112.86 277.25 Td (a ) Tj ET Q q 0 0 0 rg BT 118.79 277.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 180.25 277.25 Td (for ) Tj ET Q q 0 0 0 rg BT 193.40 277.25 Td (a ) Tj ET Q q 0 0 0 rg BT 199.32 277.25 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 243.56 277.25 Td (utility ) Tj ET Q q 0 0 0 rg BT 268.94 277.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 285.41 277.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 330.77 277.25 Td (\($9.6 ) Tj ET Q q 0 0 0 rg BT 353.09 277.25 Td (million\) ) Tj ET Q q 0 0 0 rg BT 386.80 277.25 Td (and ) Tj ET Q q 0 0 0 rg BT 402.72 277.25 Td (an ) Tj ET Q q 0 0 0 rg BT 413.65 277.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 453.45 277.25 Td (reimbursement ) Tj ET Q q 0 0 0 rg BT 514.91 277.25 Td (for ) Tj ET Q q 0 0 0 rg BT 528.06 277.25 Td (previous ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 265.25 Td (well ) Tj ET Q q 0 0 0 rg BT 86.78 265.25 Td (control ) Tj ET Q q 0 0 0 rg BT 117.18 265.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 139.24 265.25 Td (\($4.1 ) Tj ET Q q 0 0 0 rg BT 162.14 265.25 Td (million\) ) Tj ET Q q 0 0 0 rg BT 196.43 265.25 Td (during ) Tj ET Q q 0 0 0 rg BT 224.60 265.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 246.67 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 263.18 265.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 285.23 265.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 325.06 265.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 363.22 265.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.73 265.25 Td (related ) Tj ET Q q 0 0 0 rg BT 409.00 265.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 449.38 265.25 Td (reimbursements, ) Tj ET Q q 0 0 0 rg BT 517.82 265.25 Td (net, ) Tj ET Q q 0 0 0 rg BT 534.60 265.25 Td (of ) Tj ET Q q 0 0 0 rg BT 545.00 265.25 Td ($7.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 253.25 Td (million ) Tj ET Q q 0 0 0 rg BT 98.89 253.25 Td (during ) Tj ET Q q 0 0 0 rg BT 127.50 253.25 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 229.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.60 229.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.27 229.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 172.46 229.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 224.10 229.25 Td (char) Tj ET Q q 0 0 0 rg BT 241.13 229.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 252.80 229.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 296.12 229.25 Td (with ) Tj ET Q q 0 0 0 rg BT 316.12 229.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.57 229.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 354.46 229.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 380.58 229.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 396.13 229.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 441.13 229.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 471.68 229.25 Td (and ) Tj ET Q q 0 0 0 rg BT 488.35 229.25 Td (related ) Tj ET Q q 0 0 0 rg BT 517.78 229.25 Td (assets. ) Tj ET Q q 0 0 0 rg BT 545.83 229.25 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 229.25 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 67.50 217.25 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 111.93 217.25 Td (Depr) Tj ET Q q 0 0 0 rg BT 132.11 217.25 Td (eciation, ) Tj ET Q q 0 0 0 rg BT 169.33 217.25 Td (and ) Tj ET Q q 0 0 0 rg BT 186.65 217.25 Td (Amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.87 217.25 Td ( ) Tj ET Q q 0 0 0 rg BT 241.37 217.25 Td (above ) Tj ET Q q 0 0 0 rg BT 267.75 217.25 Td (for ) Tj ET Q q 0 0 0 rg BT 281.91 217.25 Td (further ) Tj ET Q q 0 0 0 rg BT 311.62 217.25 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.25 Td (\(3\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 193.25 Td (Noncash ) Tj ET Q q 0 0 0 rg BT 104.68 193.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 120.75 193.25 Td (value ) Tj ET Q q 0 0 0 rg BT 144.60 193.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 167.90 193.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 200.64 193.25 Td (on ) Tj ET Q q 0 0 0 rg BT 212.84 193.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.58 193.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 306.65 193.25 Td (is ) Tj ET Q q 0 0 0 rg BT 315.51 193.25 Td (a ) Tj ET Q q 0 0 0 rg BT 322.14 193.25 Td (non-GAAP) Tj ET Q q 0 0 0 rg BT 367.32 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 369.52 193.25 Td (measure. ) Tj ET Q q 0 0 0 rg BT 407.52 193.25 Td ( ) Tj ET Q q 0 0 0 rg BT 409.72 193.25 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 426.35 193.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 469.65 193.25 Td (Results ) Tj ET Q q 0 0 0 rg BT 500.73 193.25 Td (T) Tj ET Q q 0 0 0 rg BT 505.37 193.25 Td (able ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.78 193.25 Td (above ) Tj ET Q q 0 0 0 rg BT 550.85 193.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 181.25 Td (a ) Tj ET Q q 0 0 0 rg BT 75.98 181.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 121.70 181.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.07 181.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.33 181.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 209.35 181.25 Td (between ) Tj ET Q q 0 0 0 rg BT 246.71 181.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 283.53 181.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 301.45 181.25 Td (value ) Tj ET Q q 0 0 0 rg BT 327.15 181.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 352.30 181.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 386.90 181.25 Td (on ) Tj ET Q q 0 0 0 rg BT 400.94 181.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 450.54 181.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 498.45 181.25 Td (to ) Tj ET Q q 0 0 0 rg BT 510.28 181.25 Td (Commodity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 169.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 112.89 169.25 Td (expense ) Tj ET Q q 0 0 0 rg BT 146.61 169.25 Td (\(income\) ) Tj ET Q q 0 0 0 rg BT 188.65 169.25 Td (in ) Tj ET Q q 0 0 0 rg BT 197.94 169.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.67 169.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 265.96 169.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 311.36 169.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.20 169.25 Td (Operations. ) Tj ET Q q 0 0 0 rg BT 369.09 169.25 Td ( ) Tj ET Q q 0 0 0 rg BT 370.61 169.25 Td (See ) Tj ET Q q 0 0 0 rg BT 386.56 169.25 Td (also ) Tj ET Q q 0 0 0 rg BT 404.18 169.25 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 417.91 169.25 Td (Glossary ) Tj ET Q q 0 0 0 rg BT 455.54 169.25 Td (and ) Tj ET Q q 0 0 0 rg BT 472.05 169.25 Td (Selected ) Tj ET Q q 0 0 0 rg BT 506.77 169.25 Td (Abbr) Tj ET Q q 0 0 0 rg BT 526.39 169.25 Td (eviations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 169.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 157.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.66 157.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 157.25 Td (definition ) Tj ET Q q 0 0 0 rg BT 137.76 157.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.59 157.25 Td (noncash ) Tj ET Q q 0 0 0 rg BT 183.86 157.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 200.23 157.25 Td (value ) Tj ET Q q 0 0 0 rg BT 224.39 157.25 Td (gains ) Tj ET Q q 0 0 0 rg BT 248.00 157.25 Td (\(losses\) ) Tj ET Q q 0 0 0 rg BT 281.05 157.25 Td (on ) Tj ET Q q 0 0 0 rg BT 293.55 157.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 341.60 157.25 Td (derivatives.) Tj ET Q endstream endobj 117 0 obj <> endobj 118 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (58) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (MARKET) Tj ET Q q 0 0 0 rg BT 94.32 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.82 713.25 Td (RISK ) Tj ET Q q 0 0 0 rg BT 123.77 713.25 Td (MANAGEMENT) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (Debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 665.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 665.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.75 665.25 Td (finance ) Tj ET Q q 0 0 0 rg BT 114.35 665.25 Td (some ) Tj ET Q q 0 0 0 rg BT 137.64 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 148.15 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 163.65 665.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 213.60 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 230.22 665.25 Td (other ) Tj ET Q q 0 0 0 rg BT 252.94 665.25 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 306.21 665.25 Td (with ) Tj ET Q q 0 0 0 rg BT 326.17 665.25 Td (fixed ) Tj ET Q q 0 0 0 rg BT 348.89 665.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.51 665.25 Td (variable ) Tj ET Q q 0 0 0 rg BT 399.88 665.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 417.05 665.25 Td (debt.) Tj ET Q q 0 0 0 rg BT 441.58 665.25 Td (These ) Tj ET Q q 0 0 0 rg BT 467.64 665.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 487.03 665.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 534.74 665.25 Td (expose ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (us ) Tj ET Q q 0 0 0 rg BT 61.23 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 71.84 653.25 Td (market ) Tj ET Q q 0 0 0 rg BT 102.44 653.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 120.28 653.25 Td (related ) Tj ET Q q 0 0 0 rg BT 150.32 653.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.94 653.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 195.98 653.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.59 653.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 238.87 653.25 Td (rates.) Tj ET Q q 0 0 0 rg BT 264.69 653.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.53 653.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 336.45 653.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.45 653.25 Td (, ) Tj ET Q q 0 0 0 rg BT 361.79 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 376.28 653.25 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.56 653.25 Td ($301.0 ) Tj ET Q q 0 0 0 rg BT 423.89 653.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.79 653.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.62 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.79 653.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 486.84 653.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 536.35 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 549.18 653.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.30 641.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 109.20 641.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 130.99 641.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 156.12 641.25 Td (facility) Tj ET Q q 0 0 0 rg BT 183.79 641.25 Td (.) Tj ET Q q 0 0 0 rg BT 190.74 641.25 Td (At ) Tj ET Q q 0 0 0 rg BT 203.10 641.25 Td (this ) Tj ET Q q 0 0 0 rg BT 219.90 641.25 Td (level ) Tj ET Q q 0 0 0 rg BT 241.70 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 252.39 641.25 Td (variable-rate ) Tj ET Q q 0 0 0 rg BT 305.27 641.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 327.34 641.25 Td (an ) Tj ET Q q 0 0 0 rg BT 339.14 641.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 374.25 641.25 Td (or ) Tj ET Q q 0 0 0 rg BT 384.94 641.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 421.72 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.41 641.25 Td (10% ) Tj ET Q q 0 0 0 rg BT 453.10 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 463.24 641.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 495.03 641.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 516.27 641.25 Td (would ) Tj ET Q q 0 0 0 rg BT 543.63 641.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (an ) Tj ET Q q 0 0 0 rg BT 61.57 629.25 Td (immaterial ) Tj ET Q q 0 0 0 rg BT 107.52 629.25 Td (ef) Tj ET Q q 0 0 0 rg BT 115.11 629.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 132.73 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 145.36 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 161.32 629.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 193.39 629.25 Td (expense. ) Tj ET Q q 0 0 0 rg BT 230.73 629.25 Td ( ) Tj ET Q q 0 0 0 rg BT 233.36 629.25 Td (None ) Tj ET Q q 0 0 0 rg BT 257.66 629.25 Td (of ) Tj ET Q q 0 0 0 rg BT 268.62 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 284.58 629.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 318.88 629.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 338.73 629.25 Td (has ) Tj ET Q q 0 0 0 rg BT 354.70 629.25 Td (any ) Tj ET Q q 0 0 0 rg BT 371.77 629.25 Td (triggers ) Tj ET Q q 0 0 0 rg BT 404.95 629.25 Td (or ) Tj ET Q q 0 0 0 rg BT 415.91 629.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 458.53 629.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 499.48 629.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.44 629.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 535.29 629.25 Td (ratings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.59 617.25 Td (rating ) Tj ET Q q 0 0 0 rg BT 95.24 617.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 134.48 617.25 Td (although ) Tj ET Q q 0 0 0 rg BT 171.79 617.25 Td (under ) Tj ET Q q 0 0 0 rg BT 196.87 617.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.40 617.25 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 238.16 617.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 278.24 617.25 Td (lease, ) Tj ET Q q 0 0 0 rg BT 303.04 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 313.14 617.25 Td (light ) Tj ET Q q 0 0 0 rg BT 333.79 617.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.43 617.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 369.51 617.25 Td (downgrades ) Tj ET Q q 0 0 0 rg BT 420.15 617.25 Td (in ) Tj ET Q q 0 0 0 rg BT 430.24 617.25 Td (February ) Tj ET Q q 0 0 0 rg BT 468.66 617.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 493.48 617.25 Td (we ) Tj ET Q q 0 0 0 rg BT 507.45 617.25 Td (were ) Tj ET Q q 0 0 0 rg BT 529.20 617.25 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.89 605.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 93.06 605.25 Td (a ) Tj ET Q q 0 0 0 rg BT 100.11 605.25 Td ($41.3 ) Tj ET Q q 0 0 0 rg BT 125.23 605.25 Td (million ) Tj ET Q q 0 0 0 rg BT 156.74 605.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 179.89 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.84 605.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 216.22 605.25 Td (to ) Tj ET Q q 0 0 0 rg BT 226.62 605.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.45 605.25 Td (lessor) Tj ET Q q 0 0 0 rg BT 264.38 605.25 Td (, ) Tj ET Q q 0 0 0 rg BT 269.49 605.25 Td (which ) Tj ET Q q 0 0 0 rg BT 296.55 605.25 Td (we ) Tj ET Q q 0 0 0 rg BT 310.83 605.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 348.99 605.25 Td (on ) Tj ET Q q 0 0 0 rg BT 361.60 605.25 Td (March ) Tj ET Q q 0 0 0 rg BT 390.32 605.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 400.44 605.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 425.55 605.25 Td ( ) Tj ET Q q 0 0 0 rg BT 427.98 605.25 Td (The ) Tj ET Q q 0 0 0 rg BT 446.14 605.25 Td (letter ) Tj ET Q q 0 0 0 rg BT 469.30 605.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.25 605.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.63 605.25 Td (may ) Tj ET Q q 0 0 0 rg BT 525.46 605.25 Td (be ) Tj ET Q q 0 0 0 rg BT 537.51 605.25 Td (drawn ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 71.79 593.25 Td (in ) Tj ET Q q 0 0 0 rg BT 81.87 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.38 593.25 Td (event ) Tj ET Q q 0 0 0 rg BT 120.33 593.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.61 593.25 Td (Onshore ) Tj ET Q q 0 0 0 rg BT 193.79 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 204.41 593.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 241.69 593.25 Td (fail ) Tj ET Q q 0 0 0 rg BT 257.31 593.25 Td (to ) Tj ET Q q 0 0 0 rg BT 267.39 593.25 Td (make ) Tj ET Q q 0 0 0 rg BT 291.33 593.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.07 593.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 334.79 593.25 Td (due ) Tj ET Q q 0 0 0 rg BT 351.53 593.25 Td (under ) Tj ET Q q 0 0 0 rg BT 376.59 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.10 593.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 425.61 593.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 465.66 593.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 487.94 593.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 531.88 593.25 Td (or ) Tj ET Q q 0 0 0 rg BT 542.50 593.25 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.25 581.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 110.54 581.25 Td (defaults ) Tj ET Q q 0 0 0 rg BT 144.40 581.25 Td (set ) Tj ET Q q 0 0 0 rg BT 157.71 581.25 Td (out ) Tj ET Q q 0 0 0 rg BT 172.69 581.25 Td (in ) Tj ET Q q 0 0 0 rg BT 182.67 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.09 581.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 231.50 581.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 271.46 581.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 293.65 581.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 337.49 581.25 Td (\(filed ) Tj ET Q q 0 0 0 rg BT 361.35 581.25 Td (as ) Tj ET Q q 0 0 0 rg BT 371.88 581.25 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 403.52 581.25 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 423.23 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 433.21 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.62 581.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 471.49 581.25 Td (8-K ) Tj ET Q q 0 0 0 rg BT 489.25 581.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 509.77 581.25 Td (with ) Tj ET Q q 0 0 0 rg BT 529.75 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 581.25 Td (SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 61.84 569.25 Td (June ) Tj ET Q q 0 0 0 rg BT 82.52 569.25 Td (5, ) Tj ET Q q 0 0 0 rg BT 92.36 569.25 Td (2008\). ) Tj ET Q q 0 0 0 rg BT 120.53 569.25 Td ( ) Tj ET Q q 0 0 0 rg BT 122.70 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 140.59 569.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 156.81 569.25 Td (values ) Tj ET Q q 0 0 0 rg BT 184.70 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 195.38 569.25 Td (our ) Tj ET Q q 0 0 0 rg BT 211.05 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 237.83 569.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 270.71 569.25 Td (second ) Tj ET Q q 0 0 0 rg BT 300.82 569.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 318.16 569.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 341.61 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 358.39 569.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 385.17 569.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 439.17 569.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 458.73 569.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.74 569.25 Td (based ) Tj ET Q q 0 0 0 rg BT 492.85 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 505.20 569.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 534.76 569.25 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (prices.) Tj ET Q q 0 0 0 rg BT 80.70 557.25 Td (The ) Tj ET Q q 0 0 0 rg BT 98.74 557.25 Td (following ) Tj ET Q q 0 0 0 rg BT 140.13 557.25 Td (table ) Tj ET Q q 0 0 0 rg BT 162.06 557.25 Td (presents ) Tj ET Q q 0 0 0 rg BT 197.33 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.05 557.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 250.09 557.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 270.36 557.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 295.08 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.02 557.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 328.40 557.25 Td (values ) Tj ET Q q 0 0 0 rg BT 356.44 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 367.27 557.25 Td (our ) Tj ET Q q 0 0 0 rg BT 383.10 557.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 432.27 557.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 451.99 557.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.70 557.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 520.29 557.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.29 557.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 525.75 191.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 383.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 475.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 517.00 525.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 521.00 525.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 491.75 191.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 383.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 475.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 517.00 491.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 521.00 491.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 465.75 191.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 383.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 475.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 517.00 465.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 521.00 465.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 439.75 191.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 333.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 337.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 379.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 383.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 471.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 475.00 439.75 42.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 517.00 439.75 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 521.00 439.75 42.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 525.75 m 241 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 241 525.75 m 245 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 525.75 m 287 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 287 525.75 m 291 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 525.75 m 333 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 333 525.75 m 337 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 525.75 m 379 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 379 525.75 m 383 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 383 525.75 m 425 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 525.75 m 429 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 525.75 m 471 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 475 525.75 m 517 525.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 521 525.75 m 563 525.75 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 58.50 530.00 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 257.50 530.00 Td (2017) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.50 530.00 Td (2019) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.50 530.00 Td (2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.50 530.00 Td (2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.50 530.00 Td (2023) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.30 530.00 Td (Total) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 535.05 538.00 Td (Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.35 530.00 Td (V) Tj ET Q q 0 0 0 rg BT 537.24 530.00 Td (alue) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 516.98 Td (Variable rate debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 517.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.50 504.00 Td (Senior Secured Bank Credit Facility \(weighted average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 61.50 496.00 Td (interest rate of 3.0% at December 31, 2016\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 247.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 293.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 303.75 496.00 Td (301,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 339.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.80 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 496.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 496.00 Td (301,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.50 496.00 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 496.00 Td (301,000) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.50 482.98 Td (Fixed rate debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 283.50 483.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 375.50 483.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.50 483.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 559.50 483.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 470.00 Td (9% Senior Secured Second Lien Notes due 2021) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.75 470.00 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 470.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 470.00 Td (614,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 470.00 Td (657,164) Tj ET Q /GS0 gs q 136.43 0 0 7.27 58.50 455.28 cm /I23 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 349.75 457.00 Td (215,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 457.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 457.00 Td (215,144) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 457.00 Td (193,630) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 444.00 Td (5% Senior Subordinated Notes due 2022) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.80 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.75 444.00 Td (772,912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 444.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 444.00 Td (772,912) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 444.00 Td (674,366) Tj ET Q /GS0 gs q 136.43 0 0 7.27 58.50 429.28 cm /I24 Do Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 275.80 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.80 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 431.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 441.75 431.00 Td (622,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 487.75 431.00 Td (622,297) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.75 431.00 Td (499,393) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.50 418.00 Td (Other Subordinated Notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 265.75 418.00 Td (2,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 321.80 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 367.80 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 413.80 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 459.80 418.00 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 495.75 418.00 Td (2,250) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 541.75 418.00 Td (2,250) Tj ET Q BT /F1 10.00 Tf ET BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 390.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.78 390.25 Td (and ) Tj ET Q q 0 0 0 rg BT 82.28 390.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 115.90 390.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 134.51 390.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 179.21 390.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.25 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 366.25 Td (, ) Tj ET Q q 0 0 0 rg BT 119.31 366.25 Td (we ) Tj ET Q q 0 0 0 rg BT 133.72 366.25 Td (have ) Tj ET Q q 0 0 0 rg BT 155.34 366.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.52 366.25 Td (into ) Tj ET Q q 0 0 0 rg BT 205.82 366.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 219.13 366.25 Td (and ) Tj ET Q q 0 0 0 rg BT 236.31 366.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.82 366.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.90 366.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 325.63 366.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.47 366.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 366.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 408.29 366.25 Td (an ) Tj ET Q q 0 0 0 rg BT 420.48 366.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 462.10 366.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.72 366.25 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 366.25 Td (our ) Tj ET Q q 0 0 0 rg BT 515.88 366.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.73 366.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.32 354.25 Td (price ) Tj ET Q q 0 0 0 rg BT 119.58 354.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 136.85 354.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 180.22 354.25 Td (with ) Tj ET Q q 0 0 0 rg BT 200.27 354.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 246.41 354.25 Td (future ) Tj ET Q q 0 0 0 rg BT 272.56 354.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 285.39 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 302.10 354.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 332.13 354.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.73 354.25 Td (production ) Tj ET Q q 0 0 0 rg BT 393.33 354.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.04 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 420.09 354.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 452.91 354.25 Td (more ) Tj ET Q q 0 0 0 rg BT 475.73 354.25 Td (certainty ) Tj ET Q q 0 0 0 rg BT 512.98 354.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.03 354.25 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 354.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 68.89 342.25 Td (flows.) Tj ET Q q 0 0 0 rg BT 98.43 342.25 Td (W) Tj ET Q q 0 0 0 rg BT 107.07 342.25 Td (e ) Tj ET Q q 0 0 0 rg BT 113.13 342.25 Td (do ) Tj ET Q q 0 0 0 rg BT 124.75 342.25 Td (not ) Tj ET Q q 0 0 0 rg BT 139.15 342.25 Td (hold ) Tj ET Q q 0 0 0 rg BT 158.55 342.25 Td (or ) Tj ET Q q 0 0 0 rg BT 168.50 342.25 Td (issue ) Tj ET Q q 0 0 0 rg BT 190.12 342.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 231.72 342.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.32 342.25 Td (instruments ) Tj ET Q q 0 0 0 rg BT 316.61 342.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.89 342.25 Td (trading ) Tj ET Q q 0 0 0 rg BT 359.84 342.25 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 399.51 342.25 Td (Generally) Tj ET Q q 0 0 0 rg BT 440.78 342.25 Td (, ) Tj ET Q q 0 0 0 rg BT 444.91 342.25 Td (these ) Tj ET Q q 0 0 0 rg BT 467.07 342.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 504.79 342.25 Td (have ) Tj ET Q q 0 0 0 rg BT 525.29 342.25 Td (consisted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.11 330.25 Td (various ) Tj ET Q q 0 0 0 rg BT 91.82 330.25 Td (combinations ) Tj ET Q q 0 0 0 rg BT 147.98 330.25 Td (of ) Tj ET Q q 0 0 0 rg BT 158.59 330.25 Td (price ) Tj ET Q q 0 0 0 rg BT 180.85 330.25 Td (floors, ) Tj ET Q q 0 0 0 rg BT 208.96 330.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 240.40 330.25 Td (three-way ) Tj ET Q q 0 0 0 rg BT 282.65 330.25 Td (collars, ) Tj ET Q q 0 0 0 rg BT 314.08 330.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 360.22 330.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 389.44 330.25 Td (and ) Tj ET Q q 0 0 0 rg BT 406.16 330.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 452.30 330.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 479.02 330.25 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 519.05 330.25 Td (with ) Tj ET Q q 0 0 0 rg BT 539.11 330.25 Td (a ) Tj ET Q q 0 0 0 rg BT 545.83 330.25 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.25 Td (put.) Tj ET Q q 0 0 0 rg BT 69.60 318.25 Td (The ) Tj ET Q q 0 0 0 rg BT 86.99 318.25 Td (production ) Tj ET Q q 0 0 0 rg BT 132.17 318.25 Td (that ) Tj ET Q q 0 0 0 rg BT 149.01 318.25 Td (we ) Tj ET Q q 0 0 0 rg BT 162.52 318.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 188.25 318.25 Td (has ) Tj ET Q q 0 0 0 rg BT 203.43 318.25 Td (varied ) Tj ET Q q 0 0 0 rg BT 230.26 318.25 Td (from ) Tj ET Q q 0 0 0 rg BT 251.55 318.25 Td (year ) Tj ET Q q 0 0 0 rg BT 270.61 318.25 Td (to ) Tj ET Q q 0 0 0 rg BT 280.24 318.25 Td (year ) Tj ET Q q 0 0 0 rg BT 299.29 318.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 342.80 318.25 Td (on ) Tj ET Q q 0 0 0 rg BT 354.65 318.25 Td (our ) Tj ET Q q 0 0 0 rg BT 369.83 318.25 Td (levels ) Tj ET Q q 0 0 0 rg BT 395.00 318.25 Td (of ) Tj ET Q q 0 0 0 rg BT 405.18 318.25 Td (debt, ) Tj ET Q q 0 0 0 rg BT 426.75 318.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 463.58 318.25 Td (strength, ) Tj ET Q q 0 0 0 rg BT 500.15 318.25 Td (and ) Tj ET Q q 0 0 0 rg BT 516.43 318.25 Td (expectation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.58 306.25 Td (future ) Tj ET Q q 0 0 0 rg BT 87.20 306.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 135.50 306.25 Td (prices.In ) Tj ET Q q 0 0 0 rg BT 177.95 306.25 Td (order ) Tj ET Q q 0 0 0 rg BT 201.79 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.32 306.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 245.61 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 252.79 306.25 Td (level ) Tj ET Q q 0 0 0 rg BT 274.97 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.05 306.25 Td (price ) Tj ET Q q 0 0 0 rg BT 308.78 306.25 Td (protection ) Tj ET Q q 0 0 0 rg BT 352.07 306.25 Td (to ) Tj ET Q q 0 0 0 rg BT 362.59 306.25 Td (a ) Tj ET Q q 0 0 0 rg BT 369.77 306.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 401.41 306.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.48 306.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.56 306.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.86 306.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 490.43 306.25 Td (we ) Tj ET Q q 0 0 0 rg BT 504.84 306.25 Td (have ) Tj ET Q q 0 0 0 rg BT 526.46 306.25 Td (hedged ) Tj ET Q q 0 0 0 rg BT 558.08 306.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 80.04 294.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.03 294.25 Td (our ) Tj ET Q q 0 0 0 rg BT 105.01 294.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.99 294.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.20 294.25 Td (production ) Tj ET Q q 0 0 0 rg BT 202.18 294.25 Td (through ) Tj ET Q q 0 0 0 rg BT 234.94 294.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 256.60 294.25 Td (using ) Tj ET Q q 0 0 0 rg BT 279.92 294.25 Td (both ) Tj ET Q q 0 0 0 rg BT 299.36 294.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 337.68 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.77 294.25 Td (LLS ) Tj ET Q q 0 0 0 rg BT 373.21 294.25 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 418.72 294.25 Td (swaps, ) Tj ET Q q 0 0 0 rg BT 447.32 294.25 Td (collars ) Tj ET Q q 0 0 0 rg BT 475.63 294.25 Td (and ) Tj ET Q q 0 0 0 rg BT 491.73 294.25 Td (three-way ) Tj ET Q q 0 0 0 rg BT 533.36 294.25 Td (collars. ) Tj ET Q q 0 0 0 rg BT 565.01 294.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.25 Td (See ) Tj ET Q q 0 0 0 rg BT 65.68 282.25 Td (also ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.53 282.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 104.70 282.25 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.70 282.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 113.94 282.25 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 161.79 282.25 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 205.73 282.25 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.18 282.25 Td (, ) Tj ET Q q 0 0 0 rg BT 249.42 282.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.60 282.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 286.78 282.25 Td (9) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 291.78 282.25 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 296.02 282.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 315.54 282.25 Td (V) Tj ET Q q 0 0 0 rg BT 320.54 282.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 339.49 282.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 369.67 282.25 Td (ements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 397.44 282.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.94 282.25 Td ( ) Tj ET Q q 0 0 0 rg BT 401.68 282.25 Td (to ) Tj ET Q q 0 0 0 rg BT 411.20 282.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.16 282.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 479.67 282.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 518.62 282.25 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 270.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 106.15 270.25 Td (information ) Tj ET Q q 0 0 0 rg BT 155.86 270.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 196.68 270.25 Td (our ) Tj ET Q q 0 0 0 rg BT 212.51 270.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 260.56 270.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 303.04 270.25 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.25 Td (All ) Tj ET Q q 0 0 0 rg BT 82.73 246.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.51 246.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.18 246.25 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 173.38 246.25 Td (valuations ) Tj ET Q q 0 0 0 rg BT 216.93 246.25 Td (used ) Tj ET Q q 0 0 0 rg BT 237.71 246.25 Td (for ) Tj ET Q q 0 0 0 rg BT 251.82 246.25 Td (our ) Tj ET Q q 0 0 0 rg BT 267.60 246.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 315.60 246.25 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 361.92 246.25 Td (are ) Tj ET Q q 0 0 0 rg BT 376.58 246.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 414.58 246.25 Td (by ) Tj ET Q q 0 0 0 rg BT 427.03 246.25 Td (external ) Tj ET Q q 0 0 0 rg BT 461.68 246.25 Td (sources.) Tj ET Q q 0 0 0 rg BT 498.99 246.25 Td (W) Tj ET Q q 0 0 0 rg BT 507.63 246.25 Td (e ) Tj ET Q q 0 0 0 rg BT 514.52 246.25 Td (manage ) Tj ET Q q 0 0 0 rg BT 548.06 246.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.25 Td (control ) Tj ET Q q 0 0 0 rg BT 81.57 234.25 Td (market ) Tj ET Q q 0 0 0 rg BT 113.07 234.25 Td (and ) Tj ET Q q 0 0 0 rg BT 131.25 234.25 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 185.52 234.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 212.02 234.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 230.76 234.25 Td (through ) Tj ET Q q 0 0 0 rg BT 265.61 234.25 Td (established ) Tj ET Q q 0 0 0 rg BT 313.79 234.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 348.07 234.25 Td (control ) Tj ET Q q 0 0 0 rg BT 380.13 234.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 427.74 234.25 Td (that ) Tj ET Q q 0 0 0 rg BT 446.48 234.25 Td (are ) Tj ET Q q 0 0 0 rg BT 462.42 234.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 502.81 234.25 Td (on ) Tj ET Q q 0 0 0 rg BT 516.55 234.25 Td (an ) Tj ET Q q 0 0 0 rg BT 529.73 234.25 Td (ongoing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.25 Td (basis.) Tj ET Q q 0 0 0 rg BT 76.82 222.25 Td (W) Tj ET Q q 0 0 0 rg BT 85.46 222.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.69 222.25 Td (attempt ) Tj ET Q q 0 0 0 rg BT 125.47 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.05 222.25 Td (minimize ) Tj ET Q q 0 0 0 rg BT 176.61 222.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 202.17 222.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 219.96 222.25 Td (exposure ) Tj ET Q q 0 0 0 rg BT 258.86 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 269.43 222.25 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 328.86 222.25 Td (through ) Tj ET Q q 0 0 0 rg BT 362.77 222.25 Td (formal ) Tj ET Q q 0 0 0 rg BT 392.22 222.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 417.77 222.25 Td (policies, ) Tj ET Q q 0 0 0 rg BT 454.17 222.25 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 501.41 222.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.07 222.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.25 Td (diversification.) Tj ET Q q 0 0 0 rg BT 114.21 210.25 Td (All ) Tj ET Q q 0 0 0 rg BT 129.71 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 140.75 210.25 Td (our ) Tj ET Q q 0 0 0 rg BT 156.80 210.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 205.08 210.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 247.78 210.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 286.59 210.25 Td (are ) Tj ET Q q 0 0 0 rg BT 301.52 210.25 Td (with ) Tj ET Q q 0 0 0 rg BT 322.01 210.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 351.39 210.25 Td (that ) Tj ET Q q 0 0 0 rg BT 369.10 210.25 Td (are ) Tj ET Q q 0 0 0 rg BT 384.03 210.25 Td (lenders ) Tj ET Q q 0 0 0 rg BT 415.63 210.25 Td (under ) Tj ET Q q 0 0 0 rg BT 441.12 210.25 Td (our ) Tj ET Q q 0 0 0 rg BT 457.17 210.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 484.32 210.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 517.58 210.25 Td (bank ) Tj ET Q q 0 0 0 rg BT 539.74 210.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 80.11 198.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 94.06 198.25 Td (af) Tj ET Q q 0 0 0 rg BT 101.65 198.25 Td (filiates ) Tj ET Q q 0 0 0 rg BT 131.15 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 198.25 Td (such ) Tj ET Q q 0 0 0 rg BT 162.40 198.25 Td (lenders\).) Tj ET Q q 0 0 0 rg BT 201.92 198.25 Td (W) Tj ET Q q 0 0 0 rg BT 210.56 198.25 Td (e ) Tj ET Q q 0 0 0 rg BT 217.29 198.25 Td (have ) Tj ET Q q 0 0 0 rg BT 238.46 198.25 Td (included ) Tj ET Q q 0 0 0 rg BT 275.19 198.25 Td (an ) Tj ET Q q 0 0 0 rg BT 286.92 198.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 322.53 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 333.15 198.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 400.96 198.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 418.25 198.25 Td (in ) Tj ET Q q 0 0 0 rg BT 428.32 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 198.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 459.00 198.25 Td (value ) Tj ET Q q 0 0 0 rg BT 482.95 198.25 Td (measurement ) Tj ET Q q 0 0 0 rg BT 538.55 198.25 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 198.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 98.46 186.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 141.85 186.25 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 183.86 186.25 Td (which ) Tj ET Q q 0 0 0 rg BT 211.71 186.25 Td (we ) Tj ET Q q 0 0 0 rg BT 226.78 186.25 Td (have ) Tj ET Q q 0 0 0 rg BT 249.07 186.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 290.79 186.25 Td (for ) Tj ET Q q 0 0 0 rg BT 305.86 186.25 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 374.80 186.25 Td (risk ) Tj ET Q q 0 0 0 rg BT 393.21 186.25 Td (based ) Tj ET Q q 0 0 0 rg BT 419.39 186.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 442.80 186.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 468.97 186.25 Td (default ) Tj ET Q q 0 0 0 rg BT 500.14 186.25 Td (swaps ) Tj ET Q q 0 0 0 rg BT 528.00 186.25 Td (or ) Tj ET Q q 0 0 0 rg BT 539.74 186.25 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.25 Td (spreads. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.25 Td (For ) Tj ET Q q 0 0 0 rg BT 84.64 150.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 131.76 150.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 173.06 150.25 Td (we ) Tj ET Q q 0 0 0 rg BT 187.97 150.25 Td (do ) Tj ET Q q 0 0 0 rg BT 201.22 150.25 Td (not ) Tj ET Q q 0 0 0 rg BT 217.25 150.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 242.71 150.25 Td (hedge ) Tj ET Q q 0 0 0 rg BT 269.84 150.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 316.96 150.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.98 150.25 Td (our ) Tj ET Q q 0 0 0 rg BT 344.56 150.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 393.36 150.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 436.59 150.25 Td (contracts.) Tj ET Q q 0 0 0 rg BT 480.00 150.25 Td (This ) Tj ET Q q 0 0 0 rg BT 501.03 150.25 Td (means ) Tj ET Q q 0 0 0 rg BT 529.83 150.25 Td (that ) Tj ET Q q 0 0 0 rg BT 548.07 150.25 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 83.36 138.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.79 138.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.65 138.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 122.18 138.25 Td (value ) Tj ET Q q 0 0 0 rg BT 145.49 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.47 138.25 Td (these ) Tj ET Q q 0 0 0 rg BT 177.66 138.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 224.87 138.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 266.50 138.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 304.24 138.25 Td (will ) Tj ET Q q 0 0 0 rg BT 321.45 138.25 Td (be ) Tj ET Q q 0 0 0 rg BT 332.54 138.25 Td (char) Tj ET Q q 0 0 0 rg BT 349.56 138.25 Td (ged ) Tj ET Q q 0 0 0 rg BT 365.65 138.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.08 138.25 Td (earnings ) Tj ET Q q 0 0 0 rg BT 410.61 138.25 Td (on ) Tj ET Q q 0 0 0 rg BT 422.26 138.25 Td (a ) Tj ET Q q 0 0 0 rg BT 428.35 138.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 466.09 138.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 487.74 138.25 Td (instead ) Tj ET Q q 0 0 0 rg BT 517.72 138.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.70 138.25 Td (char) Tj ET Q q 0 0 0 rg BT 544.72 138.25 Td (ging ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 126.25 Td (ef) Tj ET Q q 0 0 0 rg BT 71.80 126.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 101.51 126.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 132.89 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 143.17 126.25 Td (other ) Tj ET Q q 0 0 0 rg BT 166.22 126.25 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 229.25 126.25 Td (income ) Tj ET Q q 0 0 0 rg BT 261.18 126.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.12 126.25 Td (the ) Tj ET Q q 0 0 0 rg BT 292.84 126.25 Td (inef) Tj ET Q q 0 0 0 rg BT 308.21 126.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 337.91 126.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 369.29 126.25 Td (to ) Tj ET Q q 0 0 0 rg BT 379.57 126.25 Td (earnings.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 102.25 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.34 102.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.26 102.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.26 102.25 Td (, ) Tj ET Q q 0 0 0 rg BT 161.60 102.25 Td (our ) Tj ET Q q 0 0 0 rg BT 176.76 102.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 224.15 102.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 265.97 102.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 303.90 102.25 Td (were ) Tj ET Q q 0 0 0 rg BT 325.17 102.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 361.98 102.25 Td (at ) Tj ET Q q 0 0 0 rg BT 371.04 102.25 Td (their ) Tj ET Q q 0 0 0 rg BT 391.20 102.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.91 102.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 432.90 102.25 Td (which ) Tj ET Q q 0 0 0 rg BT 459.18 102.25 Td (was ) Tj ET Q q 0 0 0 rg BT 476.57 102.25 Td (a ) Tj ET Q q 0 0 0 rg BT 482.85 102.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 496.90 102.25 Td (liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.01 102.25 Td ( ) Tj ET Q q 0 0 0 rg BT 529.85 102.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 102.25 Td ($69.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 90.25 Td (, ) Tj ET Q q 0 0 0 rg BT 83.90 90.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.34 90.25 Td ($212.1 ) Tj ET Q q 0 0 0 rg BT 121.85 90.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.74 90.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.74 90.25 Td (decrease ) Tj ET Q q 0 0 0 rg BT 191.16 90.25 Td (from ) Tj ET Q q 0 0 0 rg BT 213.61 90.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.83 90.25 Td ($142.8 ) Tj ET Q q 0 0 0 rg BT 259.33 90.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.23 90.25 Td ( ) Tj ET Q q 0 0 0 rg BT 291.23 90.25 Td (net ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 306.45 90.25 Td (asset) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.89 90.25 Td ( ) Tj ET Q q 0 0 0 rg BT 328.90 90.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 366.88 90.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 377.10 90.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 436.19 90.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.19 90.25 Td (.) Tj ET Q q 0 0 0 rg BT 463.51 90.25 Td (This ) Tj ET Q q 0 0 0 rg BT 484.29 90.25 Td (change ) Tj ET Q q 0 0 0 rg BT 515.61 90.25 Td (is ) Tj ET Q q 0 0 0 rg BT 525.29 90.25 Td (primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 78.25 Td (related ) Tj ET Q q 0 0 0 rg BT 79.04 78.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.15 78.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.70 78.25 Td (expiration ) Tj ET Q q 0 0 0 rg BT 146.57 78.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.23 78.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 205.12 78.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 247.43 78.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 285.86 78.25 Td (during ) Tj ET Q q 0 0 0 rg BT 314.30 78.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 339.13 78.25 Td (new ) Tj ET Q q 0 0 0 rg BT 358.13 78.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 406.01 78.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 448.33 78.25 Td (contracts ) Tj ET Q q 0 0 0 rg BT 486.75 78.25 Td (entered ) Tj ET Q q 0 0 0 rg BT 518.51 78.25 Td (into ) Tj ET Q q 0 0 0 rg BT 536.40 78.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 66.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 66.25 Td ( ) Tj ET Q q 0 0 0 rg BT 72.00 66.25 Td (for ) Tj ET Q q 0 0 0 rg BT 86.16 66.25 Td (future ) Tj ET Q q 0 0 0 rg BT 112.54 66.25 Td (periods, ) Tj ET Q q 0 0 0 rg BT 146.98 66.25 Td (and ) Tj ET Q q 0 0 0 rg BT 163.91 66.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 198.62 66.25 Td (in ) Tj ET Q q 0 0 0 rg BT 208.90 66.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 221.96 66.25 Td (futures ) Tj ET Q q 0 0 0 rg BT 252.22 66.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 278.60 66.25 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.42 66.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 373.00 66.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 66.25 Td ( ) Tj ET Q q 0 0 0 rg BT 395.50 66.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.44 66.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.44 66.25 Td (.) Tj ET Q endstream endobj 119 0 obj <> endobj 120 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (59) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 98.11 701.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 142.81 701.10 Td (Sensitivity ) Tj ET Q q 0 0 0 rg BT 186.23 701.10 Td (Analysis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 93.82 677.10 Td (on ) Tj ET Q q 0 0 0 rg BT 105.71 677.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 144.25 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.58 677.10 Td (LLS ) Tj ET Q q 0 0 0 rg BT 180.24 677.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 204.33 677.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 216.77 677.10 Td (futures ) Tj ET Q q 0 0 0 rg BT 246.42 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 272.18 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 282.40 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.61 677.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 350.58 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 370.58 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 374.96 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.29 677.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 430.95 677.10 Td (both ) Tj ET Q q 0 0 0 rg BT 450.61 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 456.93 677.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 477.15 677.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 511.78 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 528.11 677.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (thereon, ) Tj ET Q q 0 0 0 rg BT 84.49 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 98.65 665.10 Td (would ) Tj ET Q q 0 0 0 rg BT 126.15 665.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 154.74 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.02 665.10 Td (make ) Tj ET Q q 0 0 0 rg BT 189.17 665.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 230.00 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 242.50 665.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.33 665.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 283.04 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 296.09 665.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 338.57 665.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 377.17 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 388.00 665.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 416.61 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 426.89 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.60 665.10 Td (following ) Tj ET Q q 0 0 0 rg BT 482.99 665.10 Td (table:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 626.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 626.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 626.60 134.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 596.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 596.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 596.60 134.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 641.6 m 425 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 641.6 m 563 641.6 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 52.50 645.85 Td (In thousands) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.50 645.85 Td (Payment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 631.27 Td (Based on:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 631.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 616.27 Td (Futures prices as of December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 616.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 616.32 Td (\(67,476) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 616.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 601.27 Td (10% increase in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 523.30 601.32 Td (\(101,247) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 601.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 586.27 Td (10% decrease in prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.30 586.32 Td (\(36,565) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.38 558.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 133.25 558.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 175.56 558.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 213.97 558.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.51 558.10 Td (used ) Tj ET Q q 0 0 0 rg BT 249.16 558.10 Td (as ) Tj ET Q q 0 0 0 rg BT 259.81 558.10 Td (an ) Tj ET Q q 0 0 0 rg BT 271.58 558.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 312.77 558.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 338.97 558.10 Td (of ) Tj ET Q q 0 0 0 rg BT 349.63 558.10 Td (our ) Tj ET Q q 0 0 0 rg BT 365.28 558.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 403.71 558.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.81 558.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 461.68 558.10 Td (price ) Tj ET Q q 0 0 0 rg BT 483.99 558.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 501.32 558.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.74 558.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 95.70 546.10 Td (future ) Tj ET Q q 0 0 0 rg BT 121.90 546.10 Td (production. ) Tj ET Q q 0 0 0 rg BT 170.05 546.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 546.10 Td (As ) Tj ET Q q 0 0 0 rg BT 185.31 546.10 Td (a ) Tj ET Q q 0 0 0 rg BT 192.08 546.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 219.12 546.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 253.66 546.10 Td (in ) Tj ET Q q 0 0 0 rg BT 263.76 546.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 297.18 546.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.84 546.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 348.50 546.10 Td (of ) Tj ET Q q 0 0 0 rg BT 359.15 546.10 Td (our ) Tj ET Q q 0 0 0 rg BT 374.81 546.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 422.69 546.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 465.00 546.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 503.42 546.10 Td (due ) Tj ET Q q 0 0 0 rg BT 520.19 546.10 Td (to ) Tj ET Q q 0 0 0 rg BT 530.30 546.10 Td (changes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.14 534.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 108.55 534.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 135.28 534.10 Td (as ) Tj ET Q q 0 0 0 rg BT 146.47 534.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 184.30 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.94 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.02 534.10 Td (above ) Tj ET Q q 0 0 0 rg BT 236.75 534.10 Td (table ) Tj ET Q q 0 0 0 rg BT 259.04 534.10 Td (would ) Tj ET Q q 0 0 0 rg BT 286.90 534.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.20 534.10 Td (mostly ) Tj ET Q q 0 0 0 rg BT 329.29 534.10 Td (of) Tj ET Q q 0 0 0 rg BT 337.43 534.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 354.73 534.10 Td (by ) Tj ET Q q 0 0 0 rg BT 367.59 534.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.89 534.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 434.95 534.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 470.57 534.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.76 534.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 519.03 534.10 Td (in ) Tj ET Q q 0 0 0 rg BT 529.67 534.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.74 534.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.10 Td (receipts ) Tj ET Q q 0 0 0 rg BT 83.09 522.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.59 522.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 117.53 522.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.36 522.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.19 522.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 157.25 522.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.19 522.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 204.45 522.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 220.28 522.10 Td (production ) Tj ET Q q 0 0 0 rg BT 266.11 522.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.38 522.10 Td (which ) Tj ET Q q 0 0 0 rg BT 303.32 522.10 Td (those ) Tj ET Q q 0 0 0 rg BT 326.93 522.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 374.98 522.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 417.46 522.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 456.06 522.10 Td (relate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 498.10 Td (CRITICAL) Tj ET Q q 0 0 0 rg BT 98.96 498.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.91 498.10 Td (ACCOUNTING ) Tj ET Q q 0 0 0 rg BT 172.85 498.10 Td (POLICIES ) Tj ET Q q 0 0 0 rg BT 222.60 498.10 Td (AND ) Tj ET Q q 0 0 0 rg BT 246.76 498.10 Td (ESTIMA) Tj ET Q q 0 0 0 rg BT 285.47 498.10 Td (TES) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 474.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.77 474.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 134.02 474.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.07 474.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 182.76 474.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 227.70 474.10 Td (in ) Tj ET Q q 0 0 0 rg BT 238.19 474.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 285.87 474.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.37 474.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 346.29 474.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 383.98 474.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 430.57 474.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 472.72 474.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 507.65 474.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.36 474.10 Td (we ) Tj ET Q q 0 0 0 rg BT 539.74 474.10 Td (select ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 78.93 462.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 125.04 462.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 158.37 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 175.04 462.10 Td (make ) Tj ET Q q 0 0 0 rg BT 198.92 462.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 228.36 462.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 267.80 462.10 Td (and ) Tj ET Q q 0 0 0 rg BT 284.47 462.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 328.36 462.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 368.91 462.10 Td (the ) Tj ET Q q 0 0 0 rg BT 383.36 462.10 Td (application ) Tj ET Q q 0 0 0 rg BT 430.02 462.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.58 462.10 Td (those ) Tj ET Q q 0 0 0 rg BT 463.92 462.10 Td (policies.Our ) Tj ET Q q 0 0 0 rg BT 520.30 462.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 96.82 450.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 131.37 450.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.03 450.10 Td (included ) Tj ET Q q 0 0 0 rg BT 184.91 450.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.14 450.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 219.03 450.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.03 450.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.97 450.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 276.50 450.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 325.49 450.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.71 450.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.65 450.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.88 450.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.55 450.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 446.77 450.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 487.43 450.10 Td (Statements.) Tj ET Q q 0 0 0 rg BT 538.63 450.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 85.35 438.10 Td (along ) Tj ET Q q 0 0 0 rg BT 109.81 438.10 Td (with ) Tj ET Q q 0 0 0 rg BT 129.83 438.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.29 438.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 189.85 438.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 241.54 438.10 Td (and ) Tj ET Q q 0 0 0 rg BT 258.23 438.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 302.13 438.10 Td (by ) Tj ET Q q 0 0 0 rg BT 314.38 438.10 Td (our ) Tj ET Q q 0 0 0 rg BT 329.95 438.10 Td (management ) Tj ET Q q 0 0 0 rg BT 383.28 438.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.30 438.10 Td (their ) Tj ET Q q 0 0 0 rg BT 413.87 438.10 Td (application, ) Tj ET Q q 0 0 0 rg BT 463.04 438.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.16 438.10 Td (a ) Tj ET Q q 0 0 0 rg BT 490.84 438.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.30 438.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.97 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.76 426.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 133.77 426.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.22 426.10 Td (statements.Following ) Tj ET Q q 0 0 0 rg BT 266.51 426.10 Td (is ) Tj ET Q q 0 0 0 rg BT 276.65 426.10 Td (a ) Tj ET Q q 0 0 0 rg BT 284.55 426.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 329.69 426.10 Td (of ) Tj ET Q q 0 0 0 rg BT 341.48 426.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.28 426.10 Td (most ) Tj ET Q q 0 0 0 rg BT 381.19 426.10 Td (critical ) Tj ET Q q 0 0 0 rg BT 412.42 426.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 459.76 426.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 502.93 426.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 548.06 426.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 103.09 414.10 Td (that ) Tj ET Q q 0 0 0 rg BT 120.58 414.10 Td (are ) Tj ET Q q 0 0 0 rg BT 135.29 414.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 170.55 414.10 Td (in ) Tj ET Q q 0 0 0 rg BT 180.83 414.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.55 414.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 243.58 414.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.41 414.10 Td (our ) Tj ET Q q 0 0 0 rg BT 270.24 414.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 307.72 414.10 Td (statements.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 390.10 Td (Full ) Tj ET Q q 0 0 0 rg BT 68.67 390.10 Td (Cost ) Tj ET Q q 0 0 0 rg BT 89.50 390.10 Td (Method ) Tj ET Q q 0 0 0 rg BT 122.55 390.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.65 390.10 Td (Accounting, ) Tj ET Q q 0 0 0 rg BT 183.19 390.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 225.13 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 242.63 390.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 262.81 390.10 Td (eciation ) Tj ET Q q 0 0 0 rg BT 297.52 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.02 390.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 330.30 390.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.80 390.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 381.41 390.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 400.03 390.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 409.66 390.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 366.10 Td (Businesses ) Tj ET Q q 0 0 0 rg BT 113.81 366.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 151.21 366.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.41 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.04 366.10 Td (production ) Tj ET Q q 0 0 0 rg BT 221.77 366.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.52 366.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 245.49 366.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.34 366.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 292.52 366.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 308.26 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.88 366.10 Td (required ) Tj ET Q q 0 0 0 rg BT 358.61 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 368.80 366.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 397.33 366.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 443.61 366.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 465.46 366.10 Td (that ) Tj ET Q q 0 0 0 rg BT 482.87 366.10 Td (are ) Tj ET Q q 0 0 0 rg BT 497.49 366.10 Td (unique ) Tj ET Q q 0 0 0 rg BT 527.12 366.10 Td (to ) Tj ET Q q 0 0 0 rg BT 537.31 366.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.94 366.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.33 354.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 82.06 354.10 Td (industry) Tj ET Q q 0 0 0 rg BT 114.19 354.10 Td (.) Tj ET Q q 0 0 0 rg BT 121.51 354.10 Td (W) Tj ET Q q 0 0 0 rg BT 130.15 354.10 Td (e ) Tj ET Q q 0 0 0 rg BT 136.98 354.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 161.60 354.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.21 354.10 Td (full ) Tj ET Q q 0 0 0 rg BT 192.49 354.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 211.00 354.10 Td (method ) Tj ET Q q 0 0 0 rg BT 243.39 354.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.12 354.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 300.38 354.10 Td (for ) Tj ET Q q 0 0 0 rg BT 314.44 354.10 Td (our ) Tj ET Q q 0 0 0 rg BT 330.17 354.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 343.12 354.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.96 354.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.12 354.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.84 354.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 452.78 354.10 Td (Another ) Tj ET Q q 0 0 0 rg BT 487.94 354.10 Td (acceptable ) Tj ET Q q 0 0 0 rg BT 532.52 354.10 Td (method ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.27 342.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 106.58 342.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.68 342.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 133.67 342.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.55 342.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.75 342.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 196.52 342.10 Td (production ) Tj ET Q q 0 0 0 rg BT 242.29 342.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 280.83 342.10 Td (is ) Tj ET Q q 0 0 0 rg BT 289.93 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.59 342.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 348.13 342.10 Td (ef) Tj ET Q q 0 0 0 rg BT 355.72 342.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 376.48 342.10 Td (method ) Tj ET Q q 0 0 0 rg BT 408.92 342.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.69 342.10 Td (accounting.In ) Tj ET Q q 0 0 0 rg BT 481.83 342.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 516.19 342.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.85 342.10 Td (primary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 330.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 96.10 330.10 Td (between ) Tj ET Q q 0 0 0 rg BT 131.78 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.36 330.10 Td (two ) Tj ET Q q 0 0 0 rg BT 163.72 330.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 199.97 330.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.54 330.10 Td (related ) Tj ET Q q 0 0 0 rg BT 244.10 330.10 Td (to ) Tj ET Q q 0 0 0 rg BT 254.25 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.83 330.10 Td (capitalization ) Tj ET Q q 0 0 0 rg BT 325.05 330.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.75 330.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 358.11 330.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.91 330.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.49 330.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 433.50 330.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.53 330.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 469.33 330.10 Td (impairment.Under ) Tj ET Q q 0 0 0 rg BT 550.28 330.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.10 Td (full ) Tj ET Q q 0 0 0 rg BT 65.64 318.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.01 318.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 118.76 318.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.01 318.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 174.92 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.61 318.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 241.63 318.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 266.38 318.10 Td (exploratory ) Tj ET Q q 0 0 0 rg BT 314.73 318.10 Td (dry ) Tj ET Q q 0 0 0 rg BT 330.32 318.10 Td (holes ) Tj ET Q q 0 0 0 rg BT 353.68 318.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.38 318.10 Td (delay ) Tj ET Q q 0 0 0 rg BT 394.29 318.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 423.20 318.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.66 318.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 483.23 318.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.26 318.10 Td (the ) Tj ET Q q 0 0 0 rg BT 507.73 318.10 Td (full ) Tj ET Q q 0 0 0 rg BT 523.88 318.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 542.24 318.10 Td (pool, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.10 Td (whereas ) Tj ET Q q 0 0 0 rg BT 85.52 306.10 Td (under ) Tj ET Q q 0 0 0 rg BT 111.54 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 306.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 171.37 306.10 Td (ef) Tj ET Q q 0 0 0 rg BT 178.96 306.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 200.54 306.10 Td (method ) Tj ET Q q 0 0 0 rg BT 233.80 306.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.38 306.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 278.64 306.10 Td (are ) Tj ET Q q 0 0 0 rg BT 294.10 306.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 334.57 306.10 Td (as ) Tj ET Q q 0 0 0 rg BT 346.16 306.10 Td (incurred.In ) Tj ET Q q 0 0 0 rg BT 398.56 306.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.03 306.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 461.73 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.31 306.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 522.67 306.10 Td (of ) Tj ET Q q 0 0 0 rg BT 534.26 306.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 306.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.54 294.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.15 294.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 139.91 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.41 294.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 197.78 294.10 Td (ef) Tj ET Q q 0 0 0 rg BT 205.37 294.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 225.98 294.10 Td (method ) Tj ET Q q 0 0 0 rg BT 258.25 294.10 Td (follows ) Tj ET Q q 0 0 0 rg BT 290.53 294.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 305.02 294.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 352.84 294.10 Td (for ) Tj ET Q q 0 0 0 rg BT 366.79 294.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.29 294.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 430.23 294.10 Td (or ) Tj ET Q q 0 0 0 rg BT 441.39 294.10 Td (Disposal ) Tj ET Q q 0 0 0 rg BT 479.23 294.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.29 294.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 537.51 294.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 282.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 71.41 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 81.66 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.79 282.10 Td (F) Tj ET Q q 0 0 0 rg BT 100.61 282.10 Td (ASC, ) Tj ET Q q 0 0 0 rg BT 124.48 282.10 Td (under ) Tj ET Q q 0 0 0 rg BT 149.17 282.10 Td (which ) Tj ET Q q 0 0 0 rg BT 175.52 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.65 282.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.79 282.10 Td (book ) Tj ET Q q 0 0 0 rg BT 225.70 282.10 Td (value ) Tj ET Q q 0 0 0 rg BT 249.28 282.10 Td (of ) Tj ET Q q 0 0 0 rg BT 259.52 282.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 284.77 282.10 Td (is ) Tj ET Q q 0 0 0 rg BT 293.35 282.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 333.59 282.10 Td (for ) Tj ET Q q 0 0 0 rg BT 347.16 282.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 395.18 282.10 Td (against ) Tj ET Q q 0 0 0 rg BT 425.42 282.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.55 282.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 494.80 282.10 Td (future ) Tj ET Q q 0 0 0 rg BT 520.59 282.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.27 282.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (using ) Tj ET Q q 0 0 0 rg BT 73.45 270.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 121.27 270.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 147.42 270.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 189.70 270.10 Td (with ) Tj ET Q q 0 0 0 rg BT 209.75 270.10 Td (management ) Tj ET Q q 0 0 0 rg BT 263.11 270.10 Td (expectations.Under ) Tj ET Q q 0 0 0 rg BT 347.86 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.35 270.10 Td (full ) Tj ET Q q 0 0 0 rg BT 378.51 270.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.90 270.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 431.67 270.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.16 270.10 Td (full ) Tj ET Q q 0 0 0 rg BT 462.32 270.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 480.71 270.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 500.76 270.10 Td (\(net ) Tj ET Q q 0 0 0 rg BT 518.58 270.10 Td (book ) Tj ET Q q 0 0 0 rg BT 540.86 270.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.73 258.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 72.20 258.10 Td (and ) Tj ET Q q 0 0 0 rg BT 88.54 258.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 118.21 258.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 133.44 258.10 Td (properties\) ) Tj ET Q q 0 0 0 rg BT 178.66 258.10 Td (is ) Tj ET Q q 0 0 0 rg BT 187.23 258.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 227.45 258.10 Td (against ) Tj ET Q q 0 0 0 rg BT 257.68 258.10 Td (future ) Tj ET Q q 0 0 0 rg BT 283.46 258.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 303.14 258.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 327.26 258.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 372.49 258.10 Td (at ) Tj ET Q q 0 0 0 rg BT 381.61 258.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 401.85 258.10 Td (using ) Tj ET Q q 0 0 0 rg BT 425.42 258.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.54 258.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.53 258.10 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.27 246.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.91 246.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 108.89 246.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 124.43 246.10 Td (price ) Tj ET Q q 0 0 0 rg BT 146.62 246.10 Td (for ) Tj ET Q q 0 0 0 rg BT 160.49 246.10 Td (each ) Tj ET Q q 0 0 0 rg BT 181.02 246.10 Td (month ) Tj ET Q q 0 0 0 rg BT 208.78 246.10 Td (during ) Tj ET Q q 0 0 0 rg BT 237.10 246.10 Td (a ) Tj ET Q q 0 0 0 rg BT 243.75 246.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 284.84 246.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 313.72 246.10 Td (period ) Tj ET Q q 0 0 0 rg BT 341.48 246.10 Td (through ) Tj ET Q q 0 0 0 rg BT 374.79 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.22 246.10 Td (end ) Tj ET Q q 0 0 0 rg BT 405.87 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 416.41 246.10 Td (each ) Tj ET Q q 0 0 0 rg BT 436.93 246.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 475.23 246.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 514.10 246.10 Td (period.) Tj ET Q q 0 0 0 rg BT 546.97 246.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.39 234.10 Td (results ) Tj ET Q q 0 0 0 rg BT 114.40 234.10 Td (for ) Tj ET Q q 0 0 0 rg BT 127.97 234.10 Td (a ) Tj ET Q q 0 0 0 rg BT 134.31 234.10 Td (given ) Tj ET Q q 0 0 0 rg BT 158.43 234.10 Td (period ) Tj ET Q q 0 0 0 rg BT 185.89 234.10 Td (could ) Tj ET Q q 0 0 0 rg BT 210.01 234.10 Td (be ) Tj ET Q q 0 0 0 rg BT 221.35 234.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 273.81 234.10 Td (dif) Tj ET Q q 0 0 0 rg BT 284.74 234.10 Td (ferent ) Tj ET Q q 0 0 0 rg BT 309.96 234.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 353.52 234.10 Td (on ) Tj ET Q q 0 0 0 rg BT 365.43 234.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.55 234.10 Td (method ) Tj ET Q q 0 0 0 rg BT 411.45 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.69 234.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 467.46 234.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.36 234.10 Td (an ) Tj ET Q q 0 0 0 rg BT 495.71 234.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 508.17 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 524.51 234.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 539.75 234.10 Td (entity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (applies.Further) Tj ET Q q 0 0 0 rg BT 114.36 222.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.20 222.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.19 222.10 Td (do ) Tj ET Q q 0 0 0 rg BT 145.52 222.10 Td (not ) Tj ET Q q 0 0 0 rg BT 160.63 222.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 200.73 222.10 Td (our ) Tj ET Q q 0 0 0 rg BT 216.39 222.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 229.28 222.10 Td (and ) Tj ET Q q 0 0 0 rg BT 246.05 222.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 276.15 222.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.81 222.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 334.13 222.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 372.55 222.10 Td (as ) Tj ET Q q 0 0 0 rg BT 383.22 222.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 417.77 222.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 466.77 222.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.76 222.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 526.96 222.10 Td (purposes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (under ) Tj ET Q q 0 0 0 rg BT 75.02 210.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 89.99 210.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 138.84 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.59 210.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.03 210.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.78 210.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 216.53 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.61 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.58 210.10 Td (F) Tj ET Q q 0 0 0 rg BT 247.40 210.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 269.61 210.10 Td (\(see ) Tj ET Q q 0 0 0 rg BT 288.46 210.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 321.48 210.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.67 210.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.76 210.10 Td (a ) Tj ET Q q 0 0 0 rg BT 356.95 210.10 Td (result, ) Tj ET Q q 0 0 0 rg BT 384.42 210.10 Td (these ) Tj ET Q q 0 0 0 rg BT 407.72 210.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 446.56 210.10 Td (are ) Tj ET Q q 0 0 0 rg BT 461.52 210.10 Td (not ) Tj ET Q q 0 0 0 rg BT 477.05 210.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 523.12 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.65 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 210.10 Td (full ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 68.11 198.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 97.82 198.10 Td (test.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 174.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.02 174.10 Td (make ) Tj ET Q q 0 0 0 rg BT 109.12 174.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 154.78 174.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 195.43 174.10 Td (at ) Tj ET Q q 0 0 0 rg BT 206.10 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.76 174.10 Td (end ) Tj ET Q q 0 0 0 rg BT 239.64 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 251.42 174.10 Td (each ) Tj ET Q q 0 0 0 rg BT 273.18 174.10 Td (period ) Tj ET Q q 0 0 0 rg BT 302.17 174.10 Td (related ) Tj ET Q q 0 0 0 rg BT 332.81 174.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.04 174.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 380.24 174.10 Td (for ) Tj ET Q q 0 0 0 rg BT 395.34 174.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 409.34 174.10 Td (and ) Tj ET Q q 0 0 0 rg BT 427.23 174.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 458.44 174.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 475.21 174.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 516.69 174.10 Td (production, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.13 162.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 117.46 162.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.22 162.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 174.31 162.10 Td (expenses.) Tj ET Q q 0 0 0 rg BT 217.73 162.10 Td (W) Tj ET Q q 0 0 0 rg BT 226.37 162.10 Td (e ) Tj ET Q q 0 0 0 rg BT 233.14 162.10 Td (calculate ) Tj ET Q q 0 0 0 rg BT 270.99 162.10 Td (these ) Tj ET Q q 0 0 0 rg BT 293.86 162.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 333.40 162.10 Td (with ) Tj ET Q q 0 0 0 rg BT 353.51 162.10 Td (our ) Tj ET Q q 0 0 0 rg BT 369.16 162.10 Td (best ) Tj ET Q q 0 0 0 rg BT 387.60 162.10 Td (available ) Tj ET Q q 0 0 0 rg BT 426.01 162.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 447.50 162.10 Td (which ) Tj ET Q q 0 0 0 rg BT 474.26 162.10 Td (includes, ) Tj ET Q q 0 0 0 rg BT 512.41 162.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.96 162.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 78.59 150.10 Td (production ) Tj ET Q q 0 0 0 rg BT 124.05 150.10 Td (reports, ) Tj ET Q q 0 0 0 rg BT 156.46 150.10 Td (price ) Tj ET Q q 0 0 0 rg BT 178.59 150.10 Td (posting, ) Tj ET Q q 0 0 0 rg BT 212.68 150.10 Td (information ) Tj ET Q q 0 0 0 rg BT 262.03 150.10 Td (compiled ) Tj ET Q q 0 0 0 rg BT 301.38 150.10 Td (from ) Tj ET Q q 0 0 0 rg BT 322.96 150.10 Td (daily ) Tj ET Q q 0 0 0 rg BT 345.09 150.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 376.68 150.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 406.59 150.10 Td (and ) Tj ET Q q 0 0 0 rg BT 423.17 150.10 Td (other ) Tj ET Q q 0 0 0 rg BT 445.85 150.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 478.53 150.10 Td (tracking ) Tj ET Q q 0 0 0 rg BT 513.44 150.10 Td (devices, ) Tj ET Q q 0 0 0 rg BT 548.06 150.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 83.65 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.91 138.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 133.05 138.10 Td (results ) Tj ET Q q 0 0 0 rg BT 161.09 138.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.46 138.10 Td (trends.) Tj ET Q q 0 0 0 rg BT 209.21 138.10 Td (While ) Tj ET Q q 0 0 0 rg BT 235.58 138.10 Td (management ) Tj ET Q q 0 0 0 rg BT 288.60 138.10 Td (is ) Tj ET Q q 0 0 0 rg BT 297.20 138.10 Td (not ) Tj ET Q q 0 0 0 rg BT 311.91 138.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 337.70 138.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.96 138.10 Td (any ) Tj ET Q q 0 0 0 rg BT 364.33 138.10 Td (required ) Tj ET Q q 0 0 0 rg BT 399.58 138.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 437.62 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 447.32 138.10 Td (its ) Tj ET Q q 0 0 0 rg BT 458.70 138.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 500.35 138.10 Td (there ) Tj ET Q q 0 0 0 rg BT 522.26 138.10 Td (will ) Tj ET Q q 0 0 0 rg BT 539.75 138.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (be ) Tj ET Q q 0 0 0 rg BT 62.27 126.10 Td (future ) Tj ET Q q 0 0 0 rg BT 89.49 126.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 140.60 126.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 178.93 126.10 Td (from ) Tj ET Q q 0 0 0 rg BT 201.70 126.10 Td (such ) Tj ET Q q 0 0 0 rg BT 223.37 126.10 Td (things ) Tj ET Q q 0 0 0 rg BT 251.16 126.10 Td (as ) Tj ET Q q 0 0 0 rg BT 262.82 126.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 302.27 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.38 126.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 355.04 126.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 368.93 126.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.71 126.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 417.81 126.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 434.47 126.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 474.20 126.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 509.74 126.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.85 126.10 Td (ownership ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 87.33 114.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 122.94 114.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 143.27 114.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 175.26 114.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 203.65 114.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 260.07 114.10 Td (by ) Tj ET Q q 0 0 0 rg BT 272.07 114.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.29 114.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 331.05 114.10 Td (or ) Tj ET Q q 0 0 0 rg BT 341.38 114.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 381.99 114.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.32 114.10 Td (other ) Tj ET Q q 0 0 0 rg BT 414.87 114.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 461.30 114.10 Td (and ) Tj ET Q q 0 0 0 rg BT 477.74 114.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 527.51 114.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 102.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.25 102.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.43 102.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 88.96 102.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.36 102.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 122.66 102.10 Td (industry) Tj ET Q q 0 0 0 rg BT 154.79 102.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.26 102.10 Td (many ) Tj ET Q q 0 0 0 rg BT 185.44 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.74 102.10 Td (which ) Tj ET Q q 0 0 0 rg BT 224.14 102.10 Td (will ) Tj ET Q q 0 0 0 rg BT 242.67 102.10 Td (require ) Tj ET Q q 0 0 0 rg BT 273.95 102.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 319.67 102.10 Td (application.) Tj ET Q q 0 0 0 rg BT 371.42 102.10 Td (These ) Tj ET Q q 0 0 0 rg BT 398.26 102.10 Td (types ) Tj ET Q q 0 0 0 rg BT 422.34 102.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.64 102.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 484.38 102.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 514.00 102.10 Td (be ) Tj ET Q q 0 0 0 rg BT 526.41 102.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 90.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 90.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.15 90.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 148.63 90.10 Td (and ) Tj ET Q q 0 0 0 rg BT 165.57 90.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.63 90.10 Td (be ) Tj ET Q q 0 0 0 rg BT 195.56 90.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 233.04 90.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.32 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.04 90.10 Td (period ) Tj ET Q q 0 0 0 rg BT 286.08 90.10 Td (during ) Tj ET Q q 0 0 0 rg BT 314.69 90.10 Td (which ) Tj ET Q q 0 0 0 rg BT 341.63 90.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.35 90.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 402.73 90.10 Td (occurs.) Tj ET Q endstream endobj 121 0 obj <> endobj 122 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.85 713.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.10 713.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.57 713.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 178.31 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.89 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 233.57 713.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 274.81 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.50 713.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 315.64 713.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.55 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.36 713.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 375.48 713.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.17 713.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.29 713.10 Td (used ) Tj ET Q q 0 0 0 rg BT 446.99 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.13 713.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 493.92 713.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 533.50 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 713.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.55 701.10 Td (present ) Tj ET Q q 0 0 0 rg BT 109.27 701.10 Td (value ) Tj ET Q q 0 0 0 rg BT 132.77 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.95 701.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 183.11 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 208.84 701.10 Td (net ) Tj ET Q q 0 0 0 rg BT 222.90 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 242.51 701.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 266.58 701.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 307.85 701.10 Td (used ) Tj ET Q q 0 0 0 rg BT 328.03 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.65 701.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 371.70 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.76 701.10 Td (full ) Tj ET Q q 0 0 0 rg BT 401.50 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 419.45 701.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 448.51 701.10 Td (test ) Tj ET Q q 0 0 0 rg BT 464.24 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 484.96 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 491.25 701.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 535.31 701.10 Td (impact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.17 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 689.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 120.04 689.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 156.69 689.10 Td (statements.) Tj ET Q q 0 0 0 rg BT 206.22 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.44 689.10 Td (process ) Tj ET Q q 0 0 0 rg BT 255.10 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.09 689.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 308.42 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 320.65 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.75 689.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.18 689.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.18 689.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 415.61 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 423.94 689.10 Td (very ) Tj ET Q q 0 0 0 rg BT 443.38 689.10 Td (complex, ) Tj ET Q q 0 0 0 rg BT 481.98 689.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 520.30 689.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 89.77 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.61 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 677.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 160.59 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.98 677.10 Td (all ) Tj ET Q q 0 0 0 rg BT 185.04 677.10 Td (available ) Tj ET Q q 0 0 0 rg BT 224.18 677.10 Td (geological, ) Tj ET Q q 0 0 0 rg BT 271.39 677.10 Td (geophysical, ) Tj ET Q q 0 0 0 rg BT 324.71 677.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 374.97 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.47 677.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 434.40 677.10 Td (data.) Tj ET Q q 0 0 0 rg BT 458.38 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 476.98 677.10 Td (data ) Tj ET Q q 0 0 0 rg BT 496.69 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.41 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 518.91 677.10 Td (given ) Tj ET Q q 0 0 0 rg BT 544.18 677.10 Td (field ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (may ) Tj ET Q q 0 0 0 rg BT 70.25 665.10 Td (also ) Tj ET Q q 0 0 0 rg BT 89.90 665.10 Td (change ) Tj ET Q q 0 0 0 rg BT 121.75 665.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 175.83 665.10 Td (over ) Tj ET Q q 0 0 0 rg BT 197.14 665.10 Td (time ) Tj ET Q q 0 0 0 rg BT 218.45 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.31 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.28 665.10 Td (result ) Tj ET Q q 0 0 0 rg BT 264.04 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.90 665.10 Td (numerous ) Tj ET Q q 0 0 0 rg BT 318.88 665.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 352.12 665.10 Td (including ) Tj ET Q q 0 0 0 rg BT 393.43 665.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 436.95 665.10 Td (development ) Tj ET Q q 0 0 0 rg BT 492.14 665.10 Td (activity) Tj ET Q q 0 0 0 rg BT 521.48 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 527.51 665.10 Td (evolving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.11 653.10 Td (history ) Tj ET Q q 0 0 0 rg BT 127.17 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.89 653.10 Td (continued ) Tj ET Q q 0 0 0 rg BT 187.60 653.10 Td (reassessment ) Tj ET Q q 0 0 0 rg BT 243.09 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 254.70 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.20 653.10 Td (viability ) Tj ET Q q 0 0 0 rg BT 306.81 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.42 653.10 Td (production ) Tj ET Q q 0 0 0 rg BT 365.03 653.10 Td (under ) Tj ET Q q 0 0 0 rg BT 391.08 653.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 424.91 653.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 467.06 653.10 Td (conditions.) Tj ET Q q 0 0 0 rg BT 515.67 653.10 Td (As ) Tj ET Q q 0 0 0 rg BT 530.07 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 537.79 653.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.62 641.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 123.09 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.23 641.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 167.26 641.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 198.49 641.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 238.06 641.10 Td (may ) Tj ET Q q 0 0 0 rg BT 257.64 641.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 282.21 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.01 641.10 Td (time ) Tj ET Q q 0 0 0 rg BT 324.15 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.29 641.10 Td (time.) Tj ET Q q 0 0 0 rg BT 359.01 641.10 Td (Although ) Tj ET Q q 0 0 0 rg BT 399.15 641.10 Td (every ) Tj ET Q q 0 0 0 rg BT 423.72 641.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 468.84 641.10 Td (ef) Tj ET Q q 0 0 0 rg BT 476.42 641.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 493.23 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 502.26 641.10 Td (made ) Tj ET Q q 0 0 0 rg BT 526.28 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 536.42 641.10 Td (ensure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.15 629.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 99.91 629.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 131.21 629.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 170.86 629.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 209.95 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.60 629.10 Td (most ) Tj ET Q q 0 0 0 rg BT 246.49 629.10 Td (accurate ) Tj ET Q q 0 0 0 rg BT 282.23 629.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 332.99 629.10 Td (possible, ) Tj ET Q q 0 0 0 rg BT 370.71 629.10 Td (including ) Tj ET Q q 0 0 0 rg BT 410.92 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.58 629.10 Td (hiring ) Tj ET Q q 0 0 0 rg BT 451.90 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 462.67 629.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 513.98 629.10 Td (engineers ) Tj ET Q q 0 0 0 rg BT 554.73 629.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 81.09 617.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 116.01 617.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 157.33 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.16 617.10 Td (subjective ) Tj ET Q q 0 0 0 rg BT 213.31 617.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 252.14 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 268.19 617.10 Td (variances ) Tj ET Q q 0 0 0 rg BT 307.55 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 316.94 617.10 Td (available ) Tj ET Q q 0 0 0 rg BT 354.64 617.10 Td (data ) Tj ET Q q 0 0 0 rg BT 372.91 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 386.18 617.10 Td (various ) Tj ET Q q 0 0 0 rg BT 417.23 617.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 441.05 617.10 Td (make ) Tj ET Q q 0 0 0 rg BT 464.32 617.10 Td (these ) Tj ET Q q 0 0 0 rg BT 486.48 617.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 525.30 617.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (less ) Tj ET Q q 0 0 0 rg BT 66.93 605.10 Td (precise ) Tj ET Q q 0 0 0 rg BT 97.67 605.10 Td (than ) Tj ET Q q 0 0 0 rg BT 117.32 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 140.29 605.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.93 605.10 Td (included ) Tj ET Q q 0 0 0 rg BT 216.79 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 227.00 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.76 605.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 280.17 605.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 320.92 605.10 Td (disclosures.Over ) Tj ET Q q 0 0 0 rg BT 395.27 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.92 605.10 Td (last ) Tj ET Q q 0 0 0 rg BT 426.23 605.10 Td (four ) Tj ET Q q 0 0 0 rg BT 445.32 605.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 471.35 605.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 500.43 605.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 538.97 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 605.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 81.71 593.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 124.76 593.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 167.54 593.10 Td (any ) Tj ET Q q 0 0 0 rg BT 185.32 593.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 224.77 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 255.31 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 266.43 593.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 301.98 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 313.10 593.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 361.99 593.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 391.71 593.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.93 593.10 Td (averaged ) Tj ET Q q 0 0 0 rg BT 453.35 593.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 514.45 593.10 Td (1.9% ) Tj ET Q q 0 0 0 rg BT 538.62 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 593.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 86.44 581.10 Td (year) Tj ET Q q 0 0 0 rg BT 104.02 581.10 Td () Tj ET Q q 0 0 0 rg BT 106.79 581.10 Td (s ) Tj ET Q q 0 0 0 rg BT 113.19 581.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 152.90 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.84 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 191.21 581.10 Td (been ) Tj ET Q q 0 0 0 rg BT 212.59 581.10 Td (both ) Tj ET Q q 0 0 0 rg BT 232.87 581.10 Td (positive ) Tj ET Q q 0 0 0 rg BT 267.03 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.97 581.10 Td (negative.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.10 Td (Changes ) Tj ET Q q 0 0 0 rg BT 104.56 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 114.96 557.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 163.14 557.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 189.64 557.10 Td (also ) Tj ET Q q 0 0 0 rg BT 208.37 557.10 Td (af) Tj ET Q q 0 0 0 rg BT 215.96 557.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 233.57 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.52 557.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 281.01 557.10 Td (quantities.) Tj ET Q q 0 0 0 rg BT 327.21 557.10 Td (These ) Tj ET Q q 0 0 0 rg BT 353.71 557.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 388.54 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.95 557.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 440.45 557.10 Td (af) Tj ET Q q 0 0 0 rg BT 448.04 557.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 465.65 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 481.60 557.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 510.49 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.12 557.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 533.23 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 557.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 91.94 545.10 Td (ef) Tj ET Q q 0 0 0 rg BT 99.53 545.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 117.52 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.86 545.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 164.07 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 174.86 545.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 216.75 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.19 545.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 282.75 545.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 309.63 545.10 Td (impacts ) Tj ET Q q 0 0 0 rg BT 343.74 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.08 545.10 Td (full ) Tj ET Q q 0 0 0 rg BT 376.97 545.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 396.09 545.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 426.31 545.10 Td (test ) Tj ET Q q 0 0 0 rg BT 443.20 545.10 Td (calculation.For ) Tj ET Q q 0 0 0 rg BT 511.47 545.10 Td (example, ) Tj ET Q q 0 0 0 rg BT 550.85 545.10 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.31 533.10 Td (that ) Tj ET Q q 0 0 0 rg BT 102.80 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 109.73 533.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 125.55 533.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 160.80 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 171.07 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.90 533.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 222.71 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.53 533.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 263.79 533.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 295.15 533.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 336.53 533.10 Td (would ) Tj ET Q q 0 0 0 rg BT 364.02 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 385.39 533.10 Td (lowered ) Tj ET Q q 0 0 0 rg BT 420.09 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 435.91 533.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 462.84 533.10 Td (quarter ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.65 533.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.65 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 516.14 533.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 545.03 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 547.53 533.10 Td (rate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.44 521.10 Td ($5.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.94 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.45 521.10 Td (per ) Tj ET Q q 0 0 0 rg BT 111.73 521.10 Td (BOE ) Tj ET Q q 0 0 0 rg BT 134.23 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 144.52 521.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 204.78 521.10 Td ($5.12 ) Tj ET Q q 0 0 0 rg BT 229.79 521.10 Td (per ) Tj ET Q q 0 0 0 rg BT 245.06 521.10 Td (BOE, ) Tj ET Q q 0 0 0 rg BT 270.07 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.01 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.96 521.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 309.80 521.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 346.72 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 357.00 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.84 521.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 403.11 521.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 434.49 521.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 475.87 521.10 Td (would ) Tj ET Q q 0 0 0 rg BT 503.38 521.10 Td (have ) Tj ET Q q 0 0 0 rg BT 524.76 521.10 Td (increased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.96 509.10 Td (DD&A) Tj ET Q q 0 0 0 rg BT 94.85 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.97 509.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 116.08 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.99 509.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 187.87 509.10 Td ($5.60 ) Tj ET Q q 0 0 0 rg BT 213.49 509.10 Td (per ) Tj ET Q q 0 0 0 rg BT 229.39 509.10 Td (BOE.) Tj ET Q q 0 0 0 rg BT 256.34 509.10 Td (Also, ) Tj ET Q q 0 0 0 rg BT 280.85 509.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 312.84 509.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 354.85 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.42 509.10 Td (their ) Tj ET Q q 0 0 0 rg BT 393.87 509.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 429.76 509.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 460.93 509.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 509.04 509.10 Td (solely ) Tj ET Q q 0 0 0 rg BT 536.05 509.10 Td (by ) Tj ET Q q 0 0 0 rg BT 549.17 509.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 84.79 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 100.92 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.05 497.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 152.63 497.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 183.75 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.45 497.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 247.68 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.82 497.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 308.29 497.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 353.87 497.10 Td (base ) Tj ET Q q 0 0 0 rg BT 375.55 497.10 Td (under ) Tj ET Q q 0 0 0 rg BT 402.24 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.48 497.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 447.84 497.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 482.30 497.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 505.65 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 532.33 497.10 Td (facility) Tj ET Q q 0 0 0 rg BT 560.00 497.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (particularly ) Tj ET Q q 0 0 0 rg BT 98.09 485.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 139.47 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.41 485.10 Td (values ) Tj ET Q q 0 0 0 rg BT 184.46 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.29 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 211.12 485.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 241.38 485.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 284.98 485.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 328.03 485.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.86 461.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.11 461.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 129.59 461.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 175.83 461.10 Td (rules, ) Tj ET Q q 0 0 0 rg BT 200.14 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 214.17 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.74 461.10 Td (required ) Tj ET Q q 0 0 0 rg BT 264.42 461.10 Td (each ) Tj ET Q q 0 0 0 rg BT 285.11 461.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 315.79 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.94 461.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 360.51 461.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.32 461.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 396.90 461.10 Td (test ) Tj ET Q q 0 0 0 rg BT 413.15 461.10 Td (calculation.) Tj ET Q q 0 0 0 rg BT 464.34 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 482.26 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 496.84 461.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 542.51 461.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.34 449.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.42 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 90.37 449.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.65 449.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 136.49 449.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.99 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.71 449.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 224.56 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 234.85 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.58 449.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 274.87 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 285.71 449.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 338.21 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 356.83 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 367.67 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 382.41 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 401.03 449.10 Td (center ) Tj ET Q q 0 0 0 rg BT 427.97 449.10 Td (ceiling.) Tj ET Q q 0 0 0 rg BT 462.50 449.10 Td (The ) Tj ET Q q 0 0 0 rg BT 480.56 449.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 499.18 449.10 Td (center ) Tj ET Q q 0 0 0 rg BT 526.12 449.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 555.85 449.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.12 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 91.08 437.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 104.38 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.23 437.10 Td (present ) Tj ET Q q 0 0 0 rg BT 148.74 437.10 Td (value ) Tj ET Q q 0 0 0 rg BT 172.02 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.99 437.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 221.94 437.10 Td (future ) Tj ET Q q 0 0 0 rg BT 247.45 437.10 Td (net ) Tj ET Q q 0 0 0 rg BT 261.30 437.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 298.47 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 319.54 437.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 348.95 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.14 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.21 437.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 406.60 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 421.57 437.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 455.96 437.10 Td (before ) Tj ET Q q 0 0 0 rg BT 483.13 437.10 Td (future ) Tj ET Q q 0 0 0 rg BT 508.64 437.10 Td (abandonment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 71.49 425.10 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 120.14 425.10 Td (at ) Tj ET Q q 0 0 0 rg BT 129.36 425.10 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 155.51 425.10 Td (based ) Tj ET Q q 0 0 0 rg BT 180.27 425.10 Td (on ) Tj ET Q q 0 0 0 rg BT 192.27 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.48 425.10 Td (average ) Tj ET Q q 0 0 0 rg BT 239.56 425.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 331.52 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 344.08 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.51 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 390.27 425.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 405.59 425.10 Td (price ) Tj ET Q q 0 0 0 rg BT 427.57 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 441.23 425.10 Td (each ) Tj ET Q q 0 0 0 rg BT 461.54 425.10 Td (month ) Tj ET Q q 0 0 0 rg BT 489.09 425.10 Td (during ) Tj ET Q q 0 0 0 rg BT 517.19 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 523.62 425.10 Td (12-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 78.11 413.10 Td (period ) Tj ET Q q 0 0 0 rg BT 105.61 413.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 127.00 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.72 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.89 413.10 Td (end ) Tj ET Q q 0 0 0 rg BT 167.27 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.55 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 183.94 413.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 224.20 413.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 262.80 413.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 293.07 413.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 311.69 413.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 325.30 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.47 413.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 357.52 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.80 413.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 409.73 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 424.46 413.10 Td (being ) Tj ET Q q 0 0 0 rg BT 448.63 413.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 493.33 413.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 511.95 413.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 525.56 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.72 413.10 Td (lower ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.80 401.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 79.88 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.17 401.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 132.46 401.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 149.31 401.10 Td (value ) Tj ET Q q 0 0 0 rg BT 173.93 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.23 401.10 Td (unproved ) Tj ET Q q 0 0 0 rg BT 225.97 401.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.92 401.10 Td (included ) Tj ET Q q 0 0 0 rg BT 306.33 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.07 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.26 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 355.23 401.10 Td (being ) Tj ET Q q 0 0 0 rg BT 380.41 401.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 425.86 401.10 Td (if ) Tj ET Q q 0 0 0 rg BT 434.94 401.10 Td (any; ) Tj ET Q q 0 0 0 rg BT 455.13 401.10 Td (less ) Tj ET Q q 0 0 0 rg BT 473.09 401.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 487.72 401.10 Td (related ) Tj ET Q q 0 0 0 rg BT 517.89 401.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.30 401.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 389.10 Td (fects.Our ) Tj ET Q q 0 0 0 rg BT 101.14 389.10 Td (future ) Tj ET Q q 0 0 0 rg BT 127.15 389.10 Td (net ) Tj ET Q q 0 0 0 rg BT 141.49 389.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 179.16 389.10 Td (from ) Tj ET Q q 0 0 0 rg BT 200.73 389.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 230.62 389.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.31 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.87 389.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 289.76 389.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 305.22 389.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 340.11 389.10 Td (are ) Tj ET Q q 0 0 0 rg BT 354.44 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 369.35 389.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 403.12 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 416.91 389.10 Td (development ) Tj ET Q q 0 0 0 rg BT 470.69 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 492.82 389.10 Td (related ) Tj ET Q q 0 0 0 rg BT 522.15 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 532.05 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 546.40 389.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 377.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 91.93 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.92 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.69 377.10 Td (developing ) Tj ET Q q 0 0 0 rg BT 169.45 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 183.34 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.59 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.92 377.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 224.01 377.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 239.67 377.10 Td (those ) Tj ET Q q 0 0 0 rg BT 263.11 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 292.64 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.74 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.29 377.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 335.73 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.39 377.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 398.15 377.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 412.04 375.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.29 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.62 377.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 458.55 377.10 Td (as ) Tj ET Q q 0 0 0 rg BT 469.21 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 483.20 377.10 Td (do ) Tj ET Q q 0 0 0 rg BT 495.53 377.10 Td (not ) Tj ET Q q 0 0 0 rg BT 510.64 377.10 Td (have ) Tj ET Q q 0 0 0 rg BT 531.84 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 541.95 377.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 92.59 365.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 115.69 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.56 365.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 161.32 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.63 365.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 207.50 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 221.15 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 238.69 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 269.55 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 285.98 365.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 326.06 365.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 371.07 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.83 365.10 Td (include ) Tj ET Q q 0 0 0 rg BT 418.36 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 429.24 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.55 365.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 474.86 365.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 494.35 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 505.77 365.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.31 365.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 554.17 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (future ) Tj ET Q q 0 0 0 rg BT 76.01 353.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.87 353.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 131.54 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.17 353.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 180.69 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.66 353.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.62 353.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 253.56 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 267.46 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.71 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.34 353.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 295.98 353.10 Td (related ) Tj ET Q q 0 0 0 rg BT 325.81 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.23 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 350.12 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.37 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.01 353.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 391.40 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.47 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 422.37 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.62 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.25 353.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 466.99 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 484.62 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.92 353.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 534.87 353.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 353.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 92.31 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 102.35 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 116.83 341.10 Td (process ) Tj ET Q q 0 0 0 rg BT 149.08 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.68 341.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 202.49 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.08 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 248.11 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 260.93 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 277.63 341.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 307.66 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 323.25 341.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 363.33 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 381.14 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 397.28 341.10 Td (value ) Tj ET Q q 0 0 0 rg BT 421.20 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.79 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.39 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.21 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.91 341.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 506.94 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 522.53 341.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 87.67 329.10 Td (is ) Tj ET Q q 0 0 0 rg BT 96.41 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 111.26 329.10 Td (included ) Tj ET Q q 0 0 0 rg BT 147.77 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.63 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.92 329.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 201.20 329.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 219.66 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 230.07 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 243.80 329.10 Td (do ) Tj ET Q q 0 0 0 rg BT 255.88 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 270.73 329.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 310.57 329.10 Td (these ) Tj ET Q q 0 0 0 rg BT 333.19 329.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 371.36 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 381.76 329.10 Td (hedging ) Tj ET Q q 0 0 0 rg BT 416.05 329.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 464.79 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 478.52 329.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 524.47 329.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 565.02 329.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 317.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 86.16 317.10 Td (center ) Tj ET Q q 0 0 0 rg BT 113.08 317.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 142.79 317.10 Td (test ) Tj ET Q q 0 0 0 rg BT 159.18 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.35 317.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 205.82 317.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 241.27 317.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.69 293.10 Td (average ) Tj ET Q q 0 0 0 rg BT 117.41 293.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 209.02 293.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 247.33 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 259.52 293.10 Td (price ) Tj ET Q q 0 0 0 rg BT 281.15 293.10 Td (used ) Tj ET Q q 0 0 0 rg BT 301.12 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 310.53 293.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 353.83 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 368.80 293.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 398.21 293.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 432.61 293.10 Td (has ) Tj ET Q q 0 0 0 rg BT 447.58 293.10 Td (precipitously ) Tj ET Q q 0 0 0 rg BT 501.43 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.51 293.10 Td (continually ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (declined ) Tj ET Q q 0 0 0 rg BT 86.10 281.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 132.71 281.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 155.44 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.61 281.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 197.83 281.10 Td (with ) Tj ET Q q 0 0 0 rg BT 218.34 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.28 281.10 Td (average ) Tj ET Q q 0 0 0 rg BT 267.09 281.10 Td (price ) Tj ET Q q 0 0 0 rg BT 289.81 281.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 329.74 281.10 Td (from ) Tj ET Q q 0 0 0 rg BT 351.91 281.10 Td ($94.99 ) Tj ET Q q 0 0 0 rg BT 382.14 281.10 Td (per ) Tj ET Q q 0 0 0 rg BT 397.63 281.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 414.81 281.10 Td (at ) Tj ET Q q 0 0 0 rg BT 424.75 281.10 Td (December ) Tj ET Q q 0 0 0 rg BT 468.56 281.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 483.79 281.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 509.02 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.52 281.10 Td ($50.28 ) Tj ET Q q 0 0 0 rg BT 549.75 281.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 66.50 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 76.26 269.10 Td (December ) Tj ET Q q 0 0 0 rg BT 119.89 269.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 134.94 269.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 159.99 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.97 269.10 Td (further ) Tj ET Q q 0 0 0 rg BT 206.73 269.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.06 269.10 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.56 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 247.10 269.10 Td (per ) Tj ET Q q 0 0 0 rg BT 262.42 269.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 279.42 269.10 Td (at ) Tj ET Q q 0 0 0 rg BT 289.18 269.10 Td (December ) Tj ET Q q 0 0 0 rg BT 332.81 269.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 347.86 269.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 372.91 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 375.46 269.10 Td (In ) Tj ET Q q 0 0 0 rg BT 386.33 269.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 424.16 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.92 269.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 531.44 269.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.86 257.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.79 257.10 Td (price ) Tj ET Q q 0 0 0 rg BT 118.37 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.63 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.44 257.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 189.46 257.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 202.06 257.10 Td (months ) Tj ET Q q 0 0 0 rg BT 234.10 257.10 Td (was ) Tj ET Q q 0 0 0 rg BT 252.25 257.10 Td ($4.30 ) Tj ET Q q 0 0 0 rg BT 277.35 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 292.71 257.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 327.54 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 337.35 257.10 Td (December ) Tj ET Q q 0 0 0 rg BT 381.03 257.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 396.13 257.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 421.23 257.10 Td ($2.63 ) Tj ET Q q 0 0 0 rg BT 446.32 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 461.69 257.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 496.52 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 506.33 257.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 257.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 74.88 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.20 245.10 Td ($2.55 ) Tj ET Q q 0 0 0 rg BT 117.58 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 133.23 245.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 168.34 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 178.43 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 222.40 245.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 237.78 245.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 263.16 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 265.83 245.10 Td (These ) Tj ET Q q 0 0 0 rg BT 292.59 245.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 321.57 245.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 348.33 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 370.08 245.10 Td (led ) Tj ET Q q 0 0 0 rg BT 385.18 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.84 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 412.05 245.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 462.13 245.10 Td (full ) Tj ET Q q 0 0 0 rg BT 478.90 245.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 497.89 245.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 518.54 245.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 548.64 245.10 Td (test ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 102.06 233.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.18 233.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 165.25 233.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.72 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.73 233.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 233.80 233.10 Td (billion ) Tj ET Q q 0 0 0 rg BT 262.48 233.10 Td (during ) Tj ET Q q 0 0 0 rg BT 291.16 233.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 313.73 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.74 233.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 355.81 233.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 403.47 233.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.54 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.93 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.57 233.10 Td (e ) Tj ET Q q 0 0 0 rg BT 426.58 233.10 Td (did ) Tj ET Q q 0 0 0 rg BT 441.92 233.10 Td (not ) Tj ET Q q 0 0 0 rg BT 457.27 233.10 Td (record ) Tj ET Q q 0 0 0 rg BT 485.38 233.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.39 233.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 522.17 233.10 Td (test ) Tj ET Q q 0 0 0 rg BT 538.63 233.10 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (down ) Tj ET Q q 0 0 0 rg BT 74.50 221.10 Td (during ) Tj ET Q q 0 0 0 rg BT 103.38 221.10 Td (2014. ) Tj ET Q q 0 0 0 rg BT 128.66 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.24 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 139.88 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 147.09 221.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 185.96 221.10 Td (do ) Tj ET Q q 0 0 0 rg BT 198.74 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 214.30 221.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 243.17 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.72 221.10 Td (record ) Tj ET Q q 0 0 0 rg BT 282.04 221.10 Td (an ) Tj ET Q q 0 0 0 rg BT 294.25 221.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 337.02 221.10 Td (write-down ) Tj ET Q q 0 0 0 rg BT 385.90 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.45 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.45 221.10 Td (first ) Tj ET Q q 0 0 0 rg BT 430.33 221.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 461.42 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.53 221.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 495.31 221.10 Td (if ) Tj ET Q q 0 0 0 rg BT 504.20 221.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.53 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 221.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.70 209.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 92.44 209.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 123.07 209.10 Td (at ) Tj ET Q q 0 0 0 rg BT 133.16 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.36 209.10 Td (near ) Tj ET Q q 0 0 0 rg BT 164.43 209.10 Td (late-February ) Tj ET Q q 0 0 0 rg BT 221.16 209.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 244.03 209.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 272.72 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 283.92 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 299.00 209.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 340.76 209.10 Td (average ) Tj ET Q q 0 0 0 rg BT 374.71 209.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 401.45 209.10 Td (used ) Tj ET Q q 0 0 0 rg BT 422.65 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 433.30 209.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 484.49 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.57 209.10 Td (full ) Tj ET Q q 0 0 0 rg BT 516.32 209.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 535.30 209.10 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 197.10 Td (will ) Tj ET Q q 0 0 0 rg BT 91.71 197.10 Td (have ) Tj ET Q q 0 0 0 rg BT 113.09 197.10 Td (stabilized ) Tj ET Q q 0 0 0 rg BT 153.91 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 164.74 197.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 192.77 197.10 Td (slightly ) Tj ET Q q 0 0 0 rg BT 225.28 197.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 253.32 197.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 279.70 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.98 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.70 197.10 Td (first ) Tj ET Q q 0 0 0 rg BT 323.30 197.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 354.12 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.95 197.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 387.45 197.10 Td (than ) Tj ET Q q 0 0 0 rg BT 407.17 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 417.44 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 432.16 197.10 Td (first ) Tj ET Q q 0 0 0 rg BT 450.77 197.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 481.58 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.42 197.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 173.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.20 173.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 114.93 173.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 143.76 173.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 193.70 173.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 215.32 173.10 Td (from ) Tj ET Q q 0 0 0 rg BT 236.39 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.24 173.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 302.40 173.10 Td (base ) Tj ET Q q 0 0 0 rg BT 321.80 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 337.87 173.10 Td (full ) Tj ET Q q 0 0 0 rg BT 353.38 173.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 371.12 173.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 399.96 173.10 Td (test ) Tj ET Q q 0 0 0 rg BT 415.47 173.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 449.32 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.16 173.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 520.33 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.29 173.10 Td (whether ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.73 161.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 114.95 161.10 Td (can ) Tj ET Q q 0 0 0 rg BT 131.29 161.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.20 161.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 180.10 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 161.10 Td (such ) Tj ET Q q 0 0 0 rg BT 211.13 161.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 256.08 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.37 161.10 Td (These ) Tj ET Q q 0 0 0 rg BT 284.71 161.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 307.17 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 321.84 161.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 367.61 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.85 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.53 161.10 Td (full ) Tj ET Q q 0 0 0 rg BT 408.88 161.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 427.45 161.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 480.45 161.10 Td (base ) Tj ET Q q 0 0 0 rg BT 500.69 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 510.93 161.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.61 161.10 Td (course ) Tj ET Q q 0 0 0 rg BT 554.17 161.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (these ) Tj ET Q q 0 0 0 rg BT 71.69 149.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 113.31 149.10 Td (being ) Tj ET Q q 0 0 0 rg BT 137.17 149.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 182.41 149.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 207.37 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 223.45 149.10 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 265.90 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.18 149.10 Td (At ) Tj ET Q q 0 0 0 rg BT 278.82 149.10 Td (least ) Tj ET Q q 0 0 0 rg BT 298.79 149.10 Td (annually) Tj ET Q q 0 0 0 rg BT 332.57 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.71 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.01 149.10 Td (test ) Tj ET Q q 0 0 0 rg BT 365.54 149.10 Td (these ) Tj ET Q q 0 0 0 rg BT 387.73 149.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 412.70 149.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.00 149.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 473.74 149.10 Td (based ) Tj ET Q q 0 0 0 rg BT 498.15 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 509.79 149.10 Td (an ) Tj ET Q q 0 0 0 rg BT 520.87 149.10 Td (evaluation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.13 137.10 Td (management) Tj ET Q q 0 0 0 rg BT 114.00 137.10 Td (s ) Tj ET Q q 0 0 0 rg BT 120.20 137.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 172.48 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.12 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 209.30 137.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 242.43 137.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 286.38 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.02 137.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 319.31 137.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 362.16 137.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 389.18 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.92 137.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 439.88 137.10 Td (project ) Tj ET Q q 0 0 0 rg BT 469.95 137.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.90 137.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 565.00 137.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.53 125.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.89 125.10 Td (result ) Tj ET Q q 0 0 0 rg BT 96.03 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.27 125.10 Td (this ) Tj ET Q q 0 0 0 rg BT 124.64 125.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 162.28 125.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.86 125.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 223.64 125.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 276.55 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.80 125.10 Td ($21.0 ) Tj ET Q q 0 0 0 rg BT 313.21 125.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.11 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.03 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.38 125.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 387.80 125.10 Td (million ) Tj ET Q q 0 0 0 rg BT 419.61 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.86 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 447.11 125.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 498.34 125.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 521.26 125.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 125.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (years ) Tj ET Q q 0 0 0 rg BT 73.31 113.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 99.90 113.10 Td (December ) Tj ET Q q 0 0 0 rg BT 143.70 113.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 158.92 113.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 181.63 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 198.78 113.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 224.00 113.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 271.66 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.87 113.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 314.01 113.10 Td (these ) Tj ET Q q 0 0 0 rg BT 337.27 113.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 359.99 113.10 Td (were ) Tj ET Q q 0 0 0 rg BT 382.13 113.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 428.15 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 438.64 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.57 113.10 Td (full ) Tj ET Q q 0 0 0 rg BT 470.17 113.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 489.00 113.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 542.25 113.10 Td (base. ) Tj ET Q q 0 0 0 rg BT 565.01 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (W) Tj ET Q q 0 0 0 rg BT 58.14 101.10 Td (e ) Tj ET Q q 0 0 0 rg BT 65.08 101.10 Td (did ) Tj ET Q q 0 0 0 rg BT 80.35 101.10 Td (not ) Tj ET Q q 0 0 0 rg BT 95.63 101.10 Td (have ) Tj ET Q q 0 0 0 rg BT 117.01 101.10 Td (an ) Tj ET Q q 0 0 0 rg BT 128.95 101.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 177.55 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 188.38 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.21 101.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 255.02 101.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.52 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.68 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.39 101.10 Td (year ) Tj ET Q q 0 0 0 rg BT 326.10 101.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 352.48 101.10 Td (December ) Tj ET Q q 0 0 0 rg BT 396.06 101.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.06 101.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.06 101.10 Td (.) Tj ET Q endstream endobj 123 0 obj <> endobj 124 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (61) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (T) Tj ET Q q 0 0 0 rg BT 54.14 713.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 83.86 713.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 121.90 713.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.94 689.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 117.70 689.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 162.24 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.33 689.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 221.31 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.97 689.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 274.29 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 292.17 689.10 Td (have ) Tj ET Q q 0 0 0 rg BT 313.93 689.10 Td (already ) Tj ET Q q 0 0 0 rg BT 346.24 689.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 386.33 689.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 431.43 689.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 468.20 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 479.42 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 492.86 689.10 Td (over ) Tj ET Q q 0 0 0 rg BT 513.52 689.10 Td (many ) Tj ET Q q 0 0 0 rg BT 538.62 689.10 Td (years; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (however) Tj ET Q q 0 0 0 rg BT 83.53 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 87.62 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 96.98 677.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 143.53 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.89 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.70 677.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 197.72 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 210.97 677.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 250.87 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 280.23 677.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 317.07 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 330.32 677.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 358.56 677.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 399.01 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 428.37 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 462.71 677.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 505.39 677.10 Td (with ) Tj ET Q q 0 0 0 rg BT 524.76 677.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.22 665.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 132.72 665.10 Td (such ) Tj ET Q q 0 0 0 rg BT 153.79 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 164.87 665.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 178.76 663.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.01 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.75 665.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.48 665.10 Td (until ) Tj ET Q q 0 0 0 rg BT 243.56 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 257.96 665.10 Td (can ) Tj ET Q q 0 0 0 rg BT 274.58 665.10 Td (demonstrate ) Tj ET Q q 0 0 0 rg BT 326.19 665.10 Td (production ) Tj ET Q q 0 0 0 rg BT 372.26 665.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 410.00 665.10 Td (from ) Tj ET Q q 0 0 0 rg BT 432.18 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.13 665.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 478.75 665.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.48 665.10 Td (or ) Tj ET Q q 0 0 0 rg BT 522.55 665.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 550.29 665.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (field ) Tj ET Q q 0 0 0 rg BT 70.44 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 79.73 653.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 122.90 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 133.30 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 145.36 653.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 179.64 653.10 Td (flood.Our ) Tj ET Q q 0 0 0 rg BT 226.42 653.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 249.04 653.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 292.75 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.15 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.99 653.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.88 651.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.13 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.75 653.10 Td (we ) Tj ET Q q 0 0 0 rg BT 362.03 653.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 396.86 653.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 411.14 653.10 Td (acquire\) ) Tj ET Q q 0 0 0 rg BT 446.51 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.57 653.10 Td (inject ) Tj ET Q q 0 0 0 rg BT 488.40 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 503.23 653.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 549.17 653.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 641.10 Td (out-of-pocket ) Tj ET Q q 0 0 0 rg BT 126.69 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.19 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.02 641.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 208.35 641.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 266.39 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 283.33 641.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 332.21 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.15 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 359.43 641.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 376.37 641.10 Td (royalties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 617.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 617.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 617.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 617.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 617.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 617.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 617.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 617.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 617.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 617.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 617.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 617.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 617.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 617.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 617.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 605.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 605.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 605.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 605.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 605.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 605.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 603.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 605.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 605.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 605.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 605.10 Td (response\).) Tj ET Q q 0 0 0 rg BT 415.94 605.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 605.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 605.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 605.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (will ) Tj ET Q q 0 0 0 rg BT 68.03 593.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.44 593.10 Td (included ) Tj ET Q q 0 0 0 rg BT 117.84 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 128.59 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 144.89 593.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 196.17 593.10 Td (property ) Tj ET Q q 0 0 0 rg BT 233.02 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 255.99 593.10 Td (if ) Tj ET Q q 0 0 0 rg BT 265.06 593.10 Td (there ) Tj ET Q q 0 0 0 rg BT 288.02 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.20 593.10 Td (not ) Tj ET Q q 0 0 0 rg BT 318.95 593.10 Td (already ) Tj ET Q q 0 0 0 rg BT 351.34 593.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 382.08 593.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 413.92 593.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 449.65 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.40 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.36 593.10 Td (field.) Tj ET Q q 0 0 0 rg BT 503.64 593.10 Td (After ) Tj ET Q q 0 0 0 rg BT 527.71 593.10 Td (we ) Tj ET Q q 0 0 0 rg BT 542.34 593.10 Td (see ) Tj ET Q q 0 0 0 rg BT 558.08 593.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (production ) Tj ET Q q 0 0 0 rg BT 94.21 581.10 Td (response ) Tj ET Q q 0 0 0 rg BT 130.58 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.74 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.34 581.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 167.24 579.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.48 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.87 581.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 212.13 581.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 231.56 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 581.10 Td (production ) Tj ET Q q 0 0 0 rg BT 289.87 581.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 317.63 581.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 354.01 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 375.39 581.10 Td (will ) Tj ET Q q 0 0 0 rg BT 392.33 581.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.15 581.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 441.74 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.45 581.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 488.65 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.48 581.10 Td (any ) Tj ET Q q 0 0 0 rg BT 520.30 581.10 Td (previously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 85.71 569.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 136.93 569.10 Td (development ) Tj ET Q q 0 0 0 rg BT 191.48 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 214.39 569.10 Td (will ) Tj ET Q q 0 0 0 rg BT 232.85 569.10 Td (become ) Tj ET Q q 0 0 0 rg BT 266.85 569.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 298.08 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 308.76 569.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 348.88 569.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 371.79 569.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 420.23 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 431.47 569.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 462.14 569.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 493.92 569.10 Td (reserves.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 557.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.68 557.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.68 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.37 557.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 117.49 557.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.49 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 143.67 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 159.02 557.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 206.01 557.10 Td ($17.3 ) Tj ET Q q 0 0 0 rg BT 232.19 557.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 267.27 557.10 Td ($19.4 ) Tj ET Q q 0 0 0 rg BT 293.45 557.10 Td (million ) Tj ET Q q 0 0 0 rg BT 326.03 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.15 557.10 Td ($20.7 ) Tj ET Q q 0 0 0 rg BT 370.33 557.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 405.41 557.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 453.07 557.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.26 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 471.27 557.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 503.83 557.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 542.50 557.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 93.09 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 113.37 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 129.20 545.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 160.57 545.10 Td (projects.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.43 521.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.07 521.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 497.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.67 497.10 Td (make ) Tj ET Q q 0 0 0 rg BT 108.42 497.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 138.72 497.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 179.02 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 196.56 497.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 241.32 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.19 497.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 303.61 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 320.03 497.10 Td (income ) Tj ET Q q 0 0 0 rg BT 352.56 497.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.87 497.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 403.17 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 417.93 497.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 456.00 497.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 495.75 497.10 Td (purposes.) Tj ET Q q 0 0 0 rg BT 538.62 497.10 Td (These ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.35 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.43 485.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 150.74 485.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 175.58 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 186.00 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.86 485.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 247.37 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.34 485.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 288.18 485.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 303.04 485.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 329.01 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.09 485.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 385.95 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 403.58 485.10 Td (arise ) Tj ET Q q 0 0 0 rg BT 425.10 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 447.18 485.10 Td (dif) Tj ET Q q 0 0 0 rg BT 458.11 485.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 494.05 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 504.47 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.33 485.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.08 485.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 96.87 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.03 473.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 140.51 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.78 473.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 190.81 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.30 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 218.35 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.62 473.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.43 473.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 309.92 473.10 Td (purposes.Our ) Tj ET Q q 0 0 0 rg BT 370.35 473.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.93 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.20 473.10 Td (state ) Tj ET Q q 0 0 0 rg BT 436.36 473.10 Td (income ) Tj ET Q q 0 0 0 rg BT 467.62 473.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 481.67 473.10 Td (returns ) Tj ET Q q 0 0 0 rg BT 511.27 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 473.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.92 461.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 102.54 461.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.51 461.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 134.47 461.10 Td (before ) Tj ET Q q 0 0 0 rg BT 162.65 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.51 461.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 230.69 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 268.31 461.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 313.16 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 328.01 461.10 Td (prepared; ) Tj ET Q q 0 0 0 rg BT 368.41 461.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 409.63 461.10 Td (we ) Tj ET Q q 0 0 0 rg BT 423.93 461.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 459.89 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.75 461.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.61 461.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 512.25 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 523.22 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 539.19 461.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 69.10 449.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 111.49 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 123.87 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.25 449.10 Td (end ) Tj ET Q q 0 0 0 rg BT 160.85 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 174.35 449.10 Td (each ) Tj ET Q q 0 0 0 rg BT 197.83 449.10 Td (period ) Tj ET Q q 0 0 0 rg BT 228.54 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.04 449.10 Td (well ) Tj ET Q q 0 0 0 rg BT 264.42 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 277.91 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.29 449.10 Td (ef) Tj ET Q q 0 0 0 rg BT 302.88 449.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 326.92 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.42 449.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 357.80 449.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 377.95 449.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 417.82 449.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 435.21 449.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 467.03 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.63 449.10 Td (net ) Tj ET Q q 0 0 0 rg BT 504.01 449.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 546.94 449.10 Td (loss ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (carryforwards.) Tj ET Q q 0 0 0 rg BT 112.53 437.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 166.18 437.10 Td (related ) Tj ET Q q 0 0 0 rg BT 196.47 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 207.34 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 230.98 437.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 271.28 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 286.58 437.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 324.65 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 335.52 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 351.94 437.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.25 437.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 408.12 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 419.00 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 434.30 437.10 Td (period ) Tj ET Q q 0 0 0 rg BT 462.94 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 473.81 437.10 Td (which ) Tj ET Q q 0 0 0 rg BT 501.34 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 516.10 437.10 Td (finalize ) Tj ET Q q 0 0 0 rg BT 549.17 437.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (income ) Tj ET Q q 0 0 0 rg BT 80.56 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 94.40 425.10 Td (returns.Further) Tj ET Q q 0 0 0 rg BT 158.71 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.83 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.12 425.10 Td (must ) Tj ET Q q 0 0 0 rg BT 197.19 425.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.26 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.10 425.10 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 279.28 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 295.90 425.10 Td (we ) Tj ET Q q 0 0 0 rg BT 309.18 425.10 Td (will ) Tj ET Q q 0 0 0 rg BT 326.36 425.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.43 425.10 Td (able ) Tj ET Q q 0 0 0 rg BT 355.71 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.11 425.10 Td (recover ) Tj ET Q q 0 0 0 rg BT 396.71 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 406.67 425.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 433.28 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.24 425.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 483.17 425.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 497.01 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 521.96 425.10 Td (\(primarily ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.61 413.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 106.14 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 119.47 413.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 157.22 413.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 186.65 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.87 413.10 Td (state ) Tj ET Q q 0 0 0 rg BT 224.97 413.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 243.30 413.10 Td (carryforwards\).If ) Tj ET Q q 0 0 0 rg BT 319.65 413.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 357.40 413.10 Td (is ) Tj ET Q q 0 0 0 rg BT 366.85 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 382.40 413.10 Td (likely) Tj ET Q q 0 0 0 rg BT 404.52 413.10 Td (, ) Tj ET Q q 0 0 0 rg BT 409.80 413.10 Td (we ) Tj ET Q q 0 0 0 rg BT 424.24 413.10 Td (must ) Tj ET Q q 0 0 0 rg BT 446.46 413.10 Td (record ) Tj ET Q q 0 0 0 rg BT 474.77 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.99 413.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 521.98 413.10 Td (allowance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (against ) Tj ET Q q 0 0 0 rg BT 80.37 401.10 Td (such ) Tj ET Q q 0 0 0 rg BT 101.25 401.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 137.11 401.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 151.87 401.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 177.75 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 191.96 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.73 401.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 239.27 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 253.48 401.10 Td (would ) Tj ET Q q 0 0 0 rg BT 281.03 401.10 Td (not ) Tj ET Q q 0 0 0 rg BT 296.36 401.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 325.00 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.33 401.10 Td (recover) Tj ET Q q 0 0 0 rg BT 364.90 401.10 Td (, ) Tj ET Q q 0 0 0 rg BT 369.95 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 396.94 401.10 Td (would ) Tj ET Q q 0 0 0 rg BT 424.49 401.10 Td (result ) Tj ET Q q 0 0 0 rg BT 449.25 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.58 401.10 Td (an ) Tj ET Q q 0 0 0 rg BT 471.57 401.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 506.87 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 517.20 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.07 401.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.38 389.10 Td (expense.) Tj ET Q q 0 0 0 rg BT 103.54 389.10 Td (As ) Tj ET Q q 0 0 0 rg BT 117.32 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.20 389.10 Td (result ) Tj ET Q q 0 0 0 rg BT 157.08 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.07 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.18 389.10 Td (new ) Tj ET Q q 0 0 0 rg BT 194.50 389.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.38 389.10 Td (law ) Tj ET Q q 0 0 0 rg BT 226.49 389.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 259.69 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.13 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.01 389.10 Td (State ) Tj ET Q q 0 0 0 rg BT 307.67 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.67 389.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 360.76 389.10 Td (ef) Tj ET Q q 0 0 0 rg BT 368.35 389.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 398.22 389.10 Td (June ) Tj ET Q q 0 0 0 rg BT 419.21 389.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 434.38 389.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 459.54 389.10 Td (which ) Tj ET Q q 0 0 0 rg BT 486.65 389.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 512.10 389.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.20 389.10 Td (company) Tj ET Q q 0 0 0 rg BT 558.63 389.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 92.44 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 103.17 377.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 132.77 377.10 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 180.99 377.10 Td (including ) Tj ET Q q 0 0 0 rg BT 221.16 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 236.89 377.10 Td (net ) Tj ET Q q 0 0 0 rg BT 251.50 377.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 291.66 377.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 309.62 377.10 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 370.59 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 384.65 377.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 430.91 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 445.52 377.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 485.13 377.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 531.95 377.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td ($33.6 ) Tj ET Q q 0 0 0 rg BT 74.23 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.12 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.36 365.10 Td (during ) Tj ET Q q 0 0 0 rg BT 133.70 365.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 155.93 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.60 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 184.27 365.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 226.50 365.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 246.23 365.10 Td (million ) Tj ET Q q 0 0 0 rg BT 277.35 365.10 Td (during ) Tj ET Q q 0 0 0 rg BT 305.70 365.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 327.93 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 337.94 365.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 366.82 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.27 365.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 416.82 365.10 Td (value ) Tj ET Q q 0 0 0 rg BT 440.71 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.27 365.10 Td (our ) Tj ET Q q 0 0 0 rg BT 466.83 365.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 502.37 365.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 516.82 365.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 544.88 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 365.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 88.71 353.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 135.13 353.10 Td (will ) Tj ET Q q 0 0 0 rg BT 152.68 353.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 182.44 353.10 Td (until ) Tj ET Q q 0 0 0 rg BT 202.77 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.98 353.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 261.18 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.50 353.10 Td (future ) Tj ET Q q 0 0 0 rg BT 297.38 353.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 332.68 353.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 346.89 353.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 380.54 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 394.75 353.10 Td (more ) Tj ET Q q 0 0 0 rg BT 417.29 353.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 442.06 353.10 Td (than ) Tj ET Q q 0 0 0 rg BT 461.27 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 476.05 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.82 353.10 Td (become ) Tj ET Q q 0 0 0 rg BT 518.91 353.10 Td (utilized.) Tj ET Q q 0 0 0 rg BT 555.85 353.10 Td (A) Tj ET Q q 0 0 0 rg BT 562.52 353.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (1% ) Tj ET Q q 0 0 0 rg BT 65.41 341.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 100.75 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 111.11 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 127.02 341.10 Td (ef) Tj ET Q q 0 0 0 rg BT 134.61 341.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 164.39 341.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 179.19 341.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 196.76 341.10 Td (would ) Tj ET Q q 0 0 0 rg BT 224.34 341.10 Td (have ) Tj ET Q q 0 0 0 rg BT 245.80 341.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 286.14 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 302.05 341.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 345.16 341.10 Td (income ) Tj ET Q q 0 0 0 rg BT 377.17 341.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 391.97 341.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 426.76 341.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 463.77 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 476.35 341.10 Td (approximately ) Tj ET Q q 0 0 0 rg BT 536.69 341.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 341.10 Td ($15.2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 329.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 87.33 329.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.66 329.10 Td ($63.3 ) Tj ET Q q 0 0 0 rg BT 116.27 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.16 329.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 151.60 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.15 329.10 Td ($10.2 ) Tj ET Q q 0 0 0 rg BT 194.76 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.66 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 226.77 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 241.54 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.86 329.10 Td (years ) Tj ET Q q 0 0 0 rg BT 281.07 329.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 308.06 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 352.25 329.10 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 367.86 329.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.86 329.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.47 329.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.47 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.58 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 434.13 329.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.13 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.74 329.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 507.41 329.10 Td (.See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.45 329.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 555.00 329.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 329.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.39 317.10 Td (T) Tj ET Q q 0 0 0 rg BT 86.04 317.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.81 317.10 Td (, ) Tj ET Q q 0 0 0 rg BT 108.77 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 119.01 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.70 317.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 188.93 317.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 228.61 317.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 274.96 317.10 Td (and ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 291.86 317.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 323.21 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.46 317.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 380.92 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 388.38 317.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 420.28 317.10 Td (T) Tj ET Q q 0 0 0 rg BT 424.92 317.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.69 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.16 317.10 Td (above ) Tj ET Q q 0 0 0 rg BT 471.50 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 485.62 317.10 Td (further ) Tj ET Q q 0 0 0 rg BT 515.29 317.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (concerning ) Tj ET Q q 0 0 0 rg BT 96.42 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 112.25 305.10 Td (income ) Tj ET Q q 0 0 0 rg BT 144.19 305.10 Td (taxes.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 69.78 281.10 Td (V) Tj ET Q q 0 0 0 rg BT 74.78 281.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 94.50 281.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.48 257.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.30 257.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 114.19 257.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 146.50 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 163.81 257.10 Td (value, ) Tj ET Q q 0 0 0 rg BT 191.40 257.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 238.16 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 246.04 257.10 Td (framework ) Tj ET Q q 0 0 0 rg BT 293.34 257.10 Td (for ) Tj ET Q q 0 0 0 rg BT 308.44 257.10 Td (measuring ) Tj ET Q q 0 0 0 rg BT 353.53 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 370.84 257.10 Td (value ) Tj ET Q q 0 0 0 rg BT 395.93 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 413.80 257.10 Td (expands ) Tj ET Q q 0 0 0 rg BT 450.00 257.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 497.88 257.10 Td (about ) Tj ET Q q 0 0 0 rg BT 523.53 257.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.84 257.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (measurements. ) Tj ET Q q 0 0 0 rg BT 111.63 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.06 245.10 Td (It ) Tj ET Q q 0 0 0 rg BT 122.60 245.10 Td (does ) Tj ET Q q 0 0 0 rg BT 143.35 245.10 Td (not ) Tj ET Q q 0 0 0 rg BT 158.56 245.10 Td (require ) Tj ET Q q 0 0 0 rg BT 189.30 245.10 Td (us ) Tj ET Q q 0 0 0 rg BT 200.62 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.83 245.10 Td (make ) Tj ET Q q 0 0 0 rg BT 234.91 245.10 Td (any ) Tj ET Q q 0 0 0 rg BT 251.78 245.10 Td (new ) Tj ET Q q 0 0 0 rg BT 270.87 245.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 287.17 245.10 Td (value ) Tj ET Q q 0 0 0 rg BT 311.26 245.10 Td (measurements, ) Tj ET Q q 0 0 0 rg BT 373.39 245.10 Td (but ) Tj ET Q q 0 0 0 rg BT 388.59 245.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 414.34 245.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 460.09 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.96 245.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 483.26 245.10 Td (value ) Tj ET Q q 0 0 0 rg BT 507.35 245.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 547.53 245.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 92.80 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.77 233.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 134.98 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.51 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.48 233.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 200.45 233.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 245.97 233.10 Td (used ) Tj ET Q q 0 0 0 rg BT 267.06 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 277.59 233.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 313.67 233.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 330.30 233.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 357.21 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.97 233.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 385.49 233.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.24 233.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 420.45 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 435.41 233.10 Td (given ) Tj ET Q q 0 0 0 rg BT 460.38 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.36 233.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 507.00 233.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 539.75 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 233.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 66.17 221.10 Td (value ) Tj ET Q q 0 0 0 rg BT 90.61 221.10 Td (hierarchy) Tj ET Q q 0 0 0 rg BT 127.72 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 133.01 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.13 221.10 Td (they ) Tj ET Q q 0 0 0 rg BT 164.14 221.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 203.57 221.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 249.68 221.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 276.92 221.10 Td (that ) Tj ET Q q 0 0 0 rg BT 294.70 221.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 323.03 221.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 369.14 221.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 399.15 221.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.82 221.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.27 221.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 477.49 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 503.61 221.10 Td (or ) Tj ET Q q 0 0 0 rg BT 514.73 221.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 554.73 221.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (active ) Tj ET Q q 0 0 0 rg BT 76.06 209.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 110.41 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 121.43 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.45 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 147.36 209.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 186.70 209.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 208.55 209.10 Td (while ) Tj ET Q q 0 0 0 rg BT 233.46 209.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 258.91 209.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 266.60 209.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 293.74 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 308.64 209.10 Td (given ) Tj ET Q q 0 0 0 rg BT 333.54 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.45 209.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 377.25 209.10 Td (priority) Tj ET Q q 0 0 0 rg BT 406.59 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 411.79 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 422.81 209.10 Td (they ) Tj ET Q q 0 0 0 rg BT 442.71 209.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 482.05 209.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 538.05 209.10 Td (inputs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.82 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 81.36 197.10 Td (not ) Tj ET Q q 0 0 0 rg BT 96.47 197.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 149.88 197.10 Td (by ) Tj ET Q q 0 0 0 rg BT 162.21 197.10 Td (market ) Tj ET Q q 0 0 0 rg BT 192.30 197.10 Td (data. ) Tj ET Q q 0 0 0 rg BT 213.79 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.95 197.10 Td (V) Tj ET Q q 0 0 0 rg BT 222.06 197.10 Td (aluation ) Tj ET Q q 0 0 0 rg BT 256.60 197.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 301.69 197.10 Td (that ) Tj ET Q q 0 0 0 rg BT 319.02 197.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 360.78 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.32 197.10 Td (use ) Tj ET Q q 0 0 0 rg BT 390.98 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.64 197.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 447.29 197.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 474.06 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 488.60 197.10 Td (favored. ) Tj ET Q q 0 0 0 rg BT 523.97 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.29 197.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.06 197.10 Td (Note ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 185.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 61.75 185.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 84.28 185.10 Td (V) Tj ET Q q 0 0 0 rg BT 89.28 185.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 111.25 185.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 141.43 185.10 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.20 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 176.45 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 188.98 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.95 185.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 263.47 185.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 305.44 185.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 354.07 185.10 Td (for ) Tj ET Q q 0 0 0 rg BT 370.48 185.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 419.67 185.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 462.74 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 480.82 185.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 522.22 185.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.85 185.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (measurements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 113.88 149.10 Td (uses ) Tj ET Q q 0 0 0 rg BT 133.60 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.43 149.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 160.81 149.10 Td (value ) Tj ET Q q 0 0 0 rg BT 184.97 149.10 Td (measurements ) Tj ET Q q 0 0 0 rg BT 244.67 149.10 Td (include:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 125.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 132.44 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 143.27 125.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 191.87 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.70 125.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 246.30 125.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 274.91 125.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 113.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 122.98 113.10 Td (value ) Tj ET Q q 0 0 0 rg BT 147.13 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.96 113.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 206.01 113.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 248.49 113.10 Td (instruments.) Tj ET Q endstream endobj 125 0 obj <> endobj 126 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (62) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 98.48 713.10 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 146.53 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.81 713.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 205.24 713.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 689.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.94 689.10 Td (test ) Tj ET Q q 0 0 0 rg BT 99.18 689.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 142.65 689.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 168.34 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 182.36 689.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 230.81 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 248.17 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 262.74 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 277.87 689.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 308.56 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 318.70 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 334.39 689.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 372.84 689.10 Td (full ) Tj ET Q q 0 0 0 rg BT 389.09 689.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 407.56 689.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 427.69 689.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 457.27 689.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 476.01 689.10 Td (including ) Tj ET Q q 0 0 0 rg BT 516.15 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.94 689.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.19 689.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.52 677.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 111.52 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.41 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.66 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.36 677.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 174.03 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.17 677.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 232.46 677.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 274.02 677.10 Td (events ) Tj ET Q q 0 0 0 rg BT 302.26 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 313.28 677.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 348.18 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.66 677.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 417.99 677.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 452.33 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 470.02 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.93 677.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 520.94 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 545.29 677.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 65.23 665.10 Td (be ) Tj ET Q q 0 0 0 rg BT 77.61 665.10 Td (recoverable. ) Tj ET Q q 0 0 0 rg BT 129.69 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.42 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.92 665.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 181.07 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.68 665.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 223.07 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.79 665.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 276.72 665.10 Td (if ) Tj ET Q q 0 0 0 rg BT 285.77 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 293.16 665.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 337.21 665.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 359.59 665.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 408.64 665.10 Td (test ) Tj ET Q q 0 0 0 rg BT 425.47 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 435.09 665.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 476.90 665.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 511.78 665.10 Td (among ) Tj ET Q q 0 0 0 rg BT 541.95 665.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 81.40 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 88.04 653.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 132.45 653.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 165.18 653.10 Td (change ) Tj ET Q q 0 0 0 rg BT 195.70 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 205.67 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.09 653.10 Td (business ) Tj ET Q q 0 0 0 rg BT 256.17 653.10 Td (climate ) Tj ET Q q 0 0 0 rg BT 287.80 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 304.99 653.10 Td (could ) Tj ET Q q 0 0 0 rg BT 329.41 653.10 Td (af) Tj ET Q q 0 0 0 rg BT 337.00 653.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 354.18 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.59 653.10 Td (value ) Tj ET Q q 0 0 0 rg BT 392.44 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.97 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.61 653.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 452.91 653.10 Td (asset, ) Tj ET Q q 0 0 0 rg BT 477.04 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.68 653.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.09 653.10 Td (decrease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.34 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.61 641.10 Td (market ) Tj ET Q q 0 0 0 rg BT 103.44 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 125.48 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.87 641.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.37 641.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 168.87 641.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 196.76 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.26 641.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 247.53 641.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 280.12 641.10 Td (change ) Tj ET Q q 0 0 0 rg BT 310.50 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 320.34 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 334.61 641.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 361.11 641.10 Td (or ) Tj ET Q q 0 0 0 rg BT 371.50 641.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 403.54 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.38 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 439.88 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 446.38 641.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 489.54 641.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 511.04 641.10 Td (\(asset ) Tj ET Q q 0 0 0 rg BT 535.86 641.10 Td (group\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 629.10 Td (being ) Tj ET Q q 0 0 0 rg BT 83.39 629.10 Td (used ) Tj ET Q q 0 0 0 rg BT 104.23 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 115.06 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 125.34 629.10 Td (its ) Tj ET Q q 0 0 0 rg BT 137.30 629.10 Td (physical ) Tj ET Q q 0 0 0 rg BT 173.13 629.10 Td (condition, ) Tj ET Q q 0 0 0 rg BT 215.90 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.74 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 233.68 629.10 Td (current-period ) Tj ET Q q 0 0 0 rg BT 293.38 629.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 333.64 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 344.48 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 364.75 629.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 385.58 629.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 403.65 629.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 445.59 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.87 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 472.81 629.10 Td (history ) Tj ET Q q 0 0 0 rg BT 503.09 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.93 629.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 554.20 629.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.51 617.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 90.08 617.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 116.21 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 126.78 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.46 617.10 Td (projection ) Tj ET Q q 0 0 0 rg BT 176.24 617.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.81 617.10 Td (forecast ) Tj ET Q q 0 0 0 rg BT 220.70 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 237.93 617.10 Td (demonstrates ) Tj ET Q q 0 0 0 rg BT 292.94 617.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 337.95 617.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 364.08 617.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.42 617.10 Td (with ) Tj ET Q q 0 0 0 rg BT 427.44 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.89 617.10 Td (use ) Tj ET Q q 0 0 0 rg BT 457.46 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.03 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 474.71 617.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 518.06 617.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 539.73 617.10 Td (\(asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (group\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 581.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.52 581.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 581.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 581.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 581.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 581.10 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 581.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 581.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 581.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 581.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 581.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 581.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 581.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.41 569.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 569.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 569.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 569.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 569.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 569.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 569.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 569.10 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 569.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 569.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 569.10 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 569.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 557.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 557.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 557.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 557.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 557.10 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 557.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 557.10 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 557.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 557.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 557.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 557.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 557.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 557.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 557.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 545.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 545.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 545.10 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 545.10 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 545.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 545.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 545.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 545.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 545.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 545.10 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 545.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 545.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 545.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 545.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 545.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 71.90 533.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.74 533.10 Td (group. ) Tj ET Q q 0 0 0 rg BT 121.97 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 124.37 533.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 178.97 533.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 230.82 533.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 273.21 533.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 311.15 533.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.43 533.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 393.15 533.10 Td (net ) Tj ET Q q 0 0 0 rg BT 407.77 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 427.94 533.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 452.56 533.10 Td (include ) Tj ET Q q 0 0 0 rg BT 484.40 533.10 Td (market ) Tj ET Q q 0 0 0 rg BT 514.56 533.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 554.18 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.60 521.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 123.38 521.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 151.99 521.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 198.65 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 209.21 521.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 249.76 521.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 280.85 521.10 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 324.46 521.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 371.12 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.68 521.10 Td (future ) Tj ET Q q 0 0 0 rg BT 407.79 521.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 428.89 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.45 521.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 487.50 521.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 515.85 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.51 521.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 509.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.93 509.10 Td (development ) Tj ET Q q 0 0 0 rg BT 141.19 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 158.24 509.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 198.62 509.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 223.73 509.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 263.54 509.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 311.14 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 328.19 509.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 346.91 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.85 509.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 371.74 507.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.99 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 380.10 509.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 419.91 509.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 457.50 509.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 487.32 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.26 509.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 529.74 509.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.75 497.10 Td (risk-adjustment ) Tj ET Q q 0 0 0 rg BT 131.77 497.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 161.78 497.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 194.03 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 204.61 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.64 497.10 Td (net ) Tj ET Q q 0 0 0 rg BT 234.67 497.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 255.24 497.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 282.77 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.58 497.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 305.05 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.64 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 327.89 497.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 363.45 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 374.04 497.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 392.96 497.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 432.98 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 443.56 497.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 474.13 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.38 497.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 524.17 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 539.20 497.10 Td (sulfur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (deposition ) Tj ET Q q 0 0 0 rg BT 94.12 485.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 120.96 485.10 Td (at ) Tj ET Q q 0 0 0 rg BT 131.13 485.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 155.75 485.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 182.58 485.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 221.08 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 231.81 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.98 485.10 Td (results ) Tj ET Q q 0 0 0 rg BT 276.04 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.32 485.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 336.92 485.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 387.08 485.10 Td (design ) Tj ET Q q 0 0 0 rg BT 416.14 485.10 Td (ef) Tj ET Q q 0 0 0 rg BT 423.73 485.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 445.01 485.10 Td (received ) Tj ET Q q 0 0 0 rg BT 481.82 485.10 Td (late ) Tj ET Q q 0 0 0 rg BT 499.21 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 509.94 485.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 532.89 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.28 485.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 86.83 473.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 116.39 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.73 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.29 473.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 186.18 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 196.85 473.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 220.86 473.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 247.09 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 272.76 473.10 Td (within ) Tj ET Q q 0 0 0 rg BT 300.66 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.22 473.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 343.67 473.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 384.90 473.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 406.68 473.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 434.86 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 448.86 473.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 492.85 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 499.63 473.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 543.08 473.10 Td (asset ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 98.15 461.10 Td (test ) Tj ET Q q 0 0 0 rg BT 114.59 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 128.80 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.57 461.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 172.23 461.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 213.67 461.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 235.65 461.10 Td (group ) Tj ET Q q 0 0 0 rg BT 261.54 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 290.20 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.96 461.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 331.95 461.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 362.82 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.70 461.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 398.75 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.12 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 419.22 461.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 475.09 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 489.86 461.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 510.18 461.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 534.96 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 549.17 461.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 70.68 449.10 Td (group ) Tj ET Q q 0 0 0 rg BT 95.75 449.10 Td (exceeded ) Tj ET Q q 0 0 0 rg BT 134.68 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.63 449.10 Td (net ) Tj ET Q q 0 0 0 rg BT 162.59 449.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 197.64 449.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 222.16 449.10 Td (thus, ) Tj ET Q q 0 0 0 rg BT 243.06 449.10 Td (step ) Tj ET Q q 0 0 0 rg BT 260.91 449.10 Td (two ) Tj ET Q q 0 0 0 rg BT 277.65 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.72 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.67 449.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 349.51 449.10 Td (test ) Tj ET Q q 0 0 0 rg BT 365.13 449.10 Td (was ) Tj ET Q q 0 0 0 rg BT 382.42 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 396.94 449.10 Td (required ) Tj ET Q q 0 0 0 rg BT 432.00 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.17 449.10 Td (no ) Tj ET Q q 0 0 0 rg BT 459.91 449.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 507.75 449.10 Td (was ) Tj ET Q q 0 0 0 rg BT 525.04 449.10 Td (recorded.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 425.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.10 425.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 120.05 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.79 425.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 158.98 425.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 185.39 425.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 205.69 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.65 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.39 425.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.01 425.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 296.86 425.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 342.15 425.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 373.00 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.30 425.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 405.82 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.78 425.10 Td (201) Tj ET Q q 0 0 0 rg BT 437.41 425.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 444.94 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.24 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.98 425.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 505.27 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.58 425.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 550.85 425.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 68.33 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.83 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 114.88 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 131.49 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.21 413.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 180.27 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 202.99 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.49 413.10 Td (full ) Tj ET Q q 0 0 0 rg BT 235.66 413.10 Td (well ) Tj ET Q q 0 0 0 rg BT 256.17 413.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 286.10 413.10 Td (after ) Tj ET Q q 0 0 0 rg BT 307.70 413.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 360.42 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.03 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.53 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 404.15 413.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 450.20 413.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 481.80 413.10 Td (was ) Tj ET Q q 0 0 0 rg BT 500.64 413.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 548.07 413.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 92.04 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.69 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.90 401.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 153.55 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.88 401.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 195.86 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.29 401.10 Td (source ) Tj ET Q q 0 0 0 rg BT 230.38 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.71 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.60 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.84 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.61 401.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 296.59 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.36 401.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 342.24 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.56 401.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 381.77 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.54 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.75 401.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 433.85 401.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 474.73 401.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 504.77 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.76 401.10 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 560.00 401.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.70 389.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 99.11 389.10 Td (related ) Tj ET Q q 0 0 0 rg BT 128.63 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.72 389.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 181.56 389.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 234.40 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.15 389.10 Td (design ) Tj ET Q q 0 0 0 rg BT 279.57 389.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 307.97 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.28 389.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 354.80 389.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 399.32 389.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 427.18 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.93 389.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 493.44 389.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 515.75 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.85 389.10 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 377.10 Td (facility) Tj ET Q q 0 0 0 rg BT 91.37 377.10 Td (. ) Tj ET Q q 0 0 0 rg BT 95.86 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.70 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 106.34 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 112.76 377.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 140.84 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.04 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.35 377.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 215.11 377.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 245.41 377.10 Td (into ) Tj ET Q q 0 0 0 rg BT 262.96 377.10 Td (service ) Tj ET Q q 0 0 0 rg BT 293.26 377.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.35 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.55 377.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 361.97 377.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 392.27 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.59 377.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 427.07 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.50 377.10 Td (we ) Tj ET Q q 0 0 0 rg BT 457.14 377.10 Td (were ) Tj ET Q q 0 0 0 rg BT 478.56 377.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 521.64 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.40 377.10 Td (running ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.96 365.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 94.52 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.42 365.10 Td (part ) Tj ET Q q 0 0 0 rg BT 126.21 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 365.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 159.02 365.10 Td (before ) Tj ET Q q 0 0 0 rg BT 186.79 365.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 229.02 365.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 255.16 365.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 278.49 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 307.94 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.96 365.10 Td (optimal ) Tj ET Q q 0 0 0 rg BT 350.75 365.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 390.75 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 365.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.34 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.02 365.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 488.59 365.10 Td (build-up ) Tj ET Q q 0 0 0 rg BT 524.71 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.73 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.19 365.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 77.80 353.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 103.04 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.68 353.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.64 353.10 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 157.66 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.47 353.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 230.87 353.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 260.82 353.10 Td (was ) Tj ET Q q 0 0 0 rg BT 278.01 353.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 307.42 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.49 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.90 353.10 Td (date ) Tj ET Q q 0 0 0 rg BT 351.19 353.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 384.47 353.10 Td (shut-in. ) Tj ET Q q 0 0 0 rg BT 416.38 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.02 353.10 Td (During ) Tj ET Q q 0 0 0 rg BT 447.98 353.10 Td (this ) Tj ET Q q 0 0 0 rg BT 464.06 353.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 493.74 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 507.03 353.10 Td (have ) Tj ET Q q 0 0 0 rg BT 527.54 353.10 Td (searched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.41 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.09 341.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 120.64 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.33 341.10 Td (number ) Tj ET Q q 0 0 0 rg BT 160.12 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.70 341.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.93 341.10 Td (options ) Tj ET Q q 0 0 0 rg BT 239.62 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.65 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 261.33 341.10 Td (ef) Tj ET Q q 0 0 0 rg BT 268.92 341.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 285.60 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.63 341.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 327.86 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.32 341.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 376.23 341.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 404.87 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.55 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.12 341.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 481.02 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.93 341.10 Td (still ) Tj ET Q q 0 0 0 rg BT 507.18 341.10 Td (ongoing. ) Tj ET Q q 0 0 0 rg BT 544.71 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 341.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (current ) Tj ET Q q 0 0 0 rg BT 79.77 329.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 118.92 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.88 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.61 329.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 182.55 329.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.05 329.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 230.89 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.28 329.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 329.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 329.49 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.66 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.94 329.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 403.67 329.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 433.94 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.10 329.10 Td (not ) Tj ET Q q 0 0 0 rg BT 462.83 329.10 Td (commercially ) Tj ET Q q 0 0 0 rg BT 519.76 329.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.73 317.10 Td (based ) Tj ET Q q 0 0 0 rg BT 124.96 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.42 317.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.31 317.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 174.54 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.33 317.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 217.49 317.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.72 317.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 271.84 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.52 317.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 331.75 317.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 360.86 317.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 414.41 317.10 Td (required ) Tj ET Q q 0 0 0 rg BT 450.18 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.42 317.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 505.65 317.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.54 317.10 Td (corrective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 80.93 305.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 95.96 305.10 Td (current ) Tj ET Q q 0 0 0 rg BT 127.65 305.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 168.23 305.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 217.15 305.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 246.90 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.71 305.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 279.75 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.45 305.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 344.26 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.96 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.66 305.10 Td (EOR ) Tj ET Q q 0 0 0 rg BT 396.04 305.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 435.51 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.32 305.10 Td (their ) Tj ET Q q 0 0 0 rg BT 475.02 305.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 507.00 305.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 545.37 305.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 303.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.20 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.14 293.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.19 293.10 Td (assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 85.94 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.51 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 269.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 147.39 269.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 176.95 269.10 Td (status ) Tj ET Q q 0 0 0 rg BT 201.51 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.63 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.63 269.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 249.08 269.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 274.75 269.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 289.87 269.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 334.42 269.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 364.52 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.75 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.86 269.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 429.85 269.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 463.29 269.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 497.29 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.40 269.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 525.30 269.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 257.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 116.71 257.10 Td (options ) Tj ET Q q 0 0 0 rg BT 148.94 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.50 257.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 192.26 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 257.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 241.71 257.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 270.88 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.33 257.10 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 329.76 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.76 257.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.86 257.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 413.08 257.10 Td (life ) Tj ET Q q 0 0 0 rg BT 429.19 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.30 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.30 257.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.41 257.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 516.96 257.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 548.07 257.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.38 245.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.38 245.10 Td (during ) Tj ET Q q 0 0 0 rg BT 131.17 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.06 245.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 171.18 245.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.17 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.18 245.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 232.85 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.97 245.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 285.62 245.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 332.25 245.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 383.35 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.35 245.10 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 422.53 245.10 Td (million ) Tj ET Q q 0 0 0 rg BT 453.10 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.55 245.10 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 510.60 245.10 Td (depreciation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 233.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 125.07 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.92 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 233.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 207.06 233.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 254.02 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.43 233.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 314.88 233.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.40 233.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 378.80 233.10 Td ($55.3 ) Tj ET Q q 0 0 0 rg BT 404.37 233.10 Td (million ) Tj ET Q q 0 0 0 rg BT 436.34 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.75 233.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 490.81 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.22 233.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 554.73 233.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 79.72 221.10 Td (production ) Tj ET Q q 0 0 0 rg BT 125.49 221.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 150.71 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 160.37 221.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 184.48 221.10 Td (Ridge. ) Tj ET Q q 0 0 0 rg BT 213.31 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.58 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.21 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 231.10 221.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 250.76 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.98 221.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 297.86 221.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 347.50 221.10 Td (work ) Tj ET Q q 0 0 0 rg BT 370.50 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.38 221.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 422.04 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.26 221.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 474.69 221.10 Td (if ) Tj ET Q q 0 0 0 rg BT 483.24 221.10 Td (there ) Tj ET Q q 0 0 0 rg BT 505.67 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.32 221.10 Td (alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.39 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.62 209.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 133.48 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.14 209.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 173.92 209.10 Td (build-up ) Tj ET Q q 0 0 0 rg BT 210.25 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.47 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.14 209.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.91 209.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 280.03 209.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.58 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.46 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.69 209.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 357.58 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.35 209.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.35 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.57 209.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 440.66 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.33 209.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 477.77 209.10 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 511.31 209.10 Td (however) Tj ET Q q 0 0 0 rg BT 545.34 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 209.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 197.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 136.43 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.37 197.10 Td (results ) Tj ET Q q 0 0 0 rg BT 181.98 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.81 197.10 Td (such ) Tj ET Q q 0 0 0 rg BT 213.64 197.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 248.36 197.10 Td (are ) Tj ET Q q 0 0 0 rg BT 263.06 197.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 301.66 197.10 Td (uncertain.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 64.78 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 82.28 173.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 115.90 173.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 134.51 173.10 Td (Derivative ) Tj ET Q q 0 0 0 rg BT 179.21 173.10 Td (Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.31 149.10 Td (we ) Tj ET Q q 0 0 0 rg BT 133.72 149.10 Td (have ) Tj ET Q q 0 0 0 rg BT 155.34 149.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 187.52 149.10 Td (into ) Tj ET Q q 0 0 0 rg BT 205.82 149.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 219.13 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.31 149.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 266.82 149.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 282.90 149.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 325.63 149.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 364.47 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.00 149.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 408.29 149.10 Td (an ) Tj ET Q q 0 0 0 rg BT 420.48 149.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 462.10 149.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 488.72 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 499.80 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.88 149.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 554.73 149.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 98.70 137.10 Td (price ) Tj ET Q q 0 0 0 rg BT 122.33 137.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 140.97 137.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 185.71 137.10 Td (with ) Tj ET Q q 0 0 0 rg BT 207.13 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 234.66 137.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 248.86 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.94 137.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 298.35 137.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 315.33 137.10 Td (production ) Tj ET Q q 0 0 0 rg BT 362.30 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.38 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.80 137.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 425.99 137.10 Td (more ) Tj ET Q q 0 0 0 rg BT 450.19 137.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 488.81 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.23 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 517.21 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 544.73 137.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 79.04 125.10 Td (W) Tj ET Q q 0 0 0 rg BT 87.68 125.10 Td (e ) Tj ET Q q 0 0 0 rg BT 94.31 125.10 Td (do ) Tj ET Q q 0 0 0 rg BT 106.51 125.10 Td (not ) Tj ET Q q 0 0 0 rg BT 121.48 125.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 141.45 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 151.98 125.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 174.17 125.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 216.35 125.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 253.52 125.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 302.38 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.24 125.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 346.76 125.10 Td (purposes. ) Tj ET Q q 0 0 0 rg BT 387.00 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 389.20 125.10 Td (Generally) Tj ET Q q 0 0 0 rg BT 427.97 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 432.67 125.10 Td (these ) Tj ET Q q 0 0 0 rg BT 455.41 125.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 493.70 125.10 Td (have ) Tj ET Q q 0 0 0 rg BT 514.77 125.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 554.18 125.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (various ) Tj ET Q q 0 0 0 rg BT 82.04 113.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 139.02 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.44 113.10 Td (price ) Tj ET Q q 0 0 0 rg BT 173.53 113.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 202.46 113.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 234.71 113.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 277.78 113.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 310.04 113.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 357.00 113.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 384.54 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 402.08 113.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 449.04 113.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 476.58 113.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 517.43 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 538.31 113.10 Td (a ) Tj ET Q q 0 0 0 rg BT 545.84 113.10 Td (sold ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (put.Our ) Tj ET Q q 0 0 0 rg BT 88.07 101.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 130.79 101.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.52 101.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 217.92 101.10 Td (are ) Tj ET Q q 0 0 0 rg BT 232.87 101.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 270.59 101.10 Td (on ) Tj ET Q q 0 0 0 rg BT 283.33 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.29 101.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 331.56 101.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 354.85 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.92 101.10 Td (either ) Tj ET Q q 0 0 0 rg BT 391.43 101.10 Td (an ) Tj ET Q q 0 0 0 rg BT 403.61 101.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 425.79 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 436.86 101.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 470.71 101.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 511.77 101.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.73 101.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 538.35 101.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 565.00 101.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.62 89.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 107.40 89.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 143.86 89.10 Td (used ) Tj ET Q q 0 0 0 rg BT 164.76 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.12 89.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 211.00 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.79 89.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 242.24 89.10 Td (values ) Tj ET Q q 0 0 0 rg BT 270.36 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.26 89.10 Td (these ) Tj ET Q q 0 0 0 rg BT 304.38 89.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 330.28 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 347.29 89.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 387.08 89.10 Td (require ) Tj ET Q q 0 0 0 rg BT 417.97 89.10 Td (considerable ) Tj ET Q q 0 0 0 rg BT 471.08 89.10 Td (management ) Tj ET Q q 0 0 0 rg BT 524.74 89.10 Td (judgment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.86 77.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 107.00 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 117.70 77.10 Td (derive ) Tj ET Q q 0 0 0 rg BT 145.61 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.75 77.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 188.12 77.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 229.91 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 240.62 77.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 283.52 77.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 300.32 77.10 Td (value ) Tj ET Q q 0 0 0 rg BT 324.90 77.10 Td (estimates, ) Tj ET Q q 0 0 0 rg BT 367.54 77.10 Td (such ) Tj ET Q q 0 0 0 rg BT 388.79 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.04 77.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 434.62 77.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 461.42 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 476.00 77.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 533.09 77.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.21 65.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 111.65 65.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 141.19 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.96 65.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 183.06 65.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 231.22 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 241.89 65.10 Td (well ) Tj ET Q q 0 0 0 rg BT 261.44 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.10 65.10 Td (other ) Tj ET Q q 0 0 0 rg BT 294.98 65.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 329.51 65.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 370.72 65.10 Td (measures. ) Tj ET Q q 0 0 0 rg BT 412.76 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.92 65.10 Td (W) Tj ET Q q 0 0 0 rg BT 423.56 65.10 Td (e ) Tj ET Q q 0 0 0 rg BT 430.33 65.10 Td (do ) Tj ET Q q 0 0 0 rg BT 442.67 65.10 Td (not ) Tj ET Q q 0 0 0 rg BT 457.78 65.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 482.33 65.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 508.54 65.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 554.74 65.10 Td (to ) Tj ET Q endstream endobj 127 0 obj <> endobj 128 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.77 713.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 112.25 713.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 154.17 713.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 192.20 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 216.90 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.05 713.10 Td (F) Tj ET Q q 0 0 0 rg BT 235.87 713.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 257.26 713.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 305.29 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.22 713.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.66 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 358.60 713.10 Td (topic; ) Tj ET Q q 0 0 0 rg BT 383.31 713.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 429.86 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 434.29 713.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 468.44 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 478.15 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.30 713.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 508.11 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 531.70 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.97 713.10 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 97.97 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 111.98 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 157.64 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 167.22 701.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 202.90 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 214.70 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 220.94 701.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 258.84 701.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 280.64 701.10 Td (instead ) Tj ET Q q 0 0 0 rg BT 310.76 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.90 701.10 Td (char) Tj ET Q q 0 0 0 rg BT 337.92 701.10 Td (ging ) Tj ET Q q 0 0 0 rg BT 357.50 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.52 701.10 Td (ef) Tj ET Q q 0 0 0 rg BT 379.11 701.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 408.11 701.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 438.80 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.38 701.10 Td (other ) Tj ET Q q 0 0 0 rg BT 470.73 701.10 Td (comprehensive ) Tj ET Q q 0 0 0 rg BT 533.06 701.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.81 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.90 689.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 115.31 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 125.96 689.10 Td (earnings.) Tj ET Q q 0 0 0 rg BT 167.15 689.10 Td (While ) Tj ET Q q 0 0 0 rg BT 194.46 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.99 689.10 Td (may ) Tj ET Q q 0 0 0 rg BT 229.08 689.10 Td (experience ) Tj ET Q q 0 0 0 rg BT 275.25 689.10 Td (more ) Tj ET Q q 0 0 0 rg BT 298.67 689.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 337.65 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 348.31 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 364.51 689.10 Td (net ) Tj ET Q q 0 0 0 rg BT 379.60 689.10 Td (income ) Tj ET Q q 0 0 0 rg BT 411.90 689.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 437.00 689.10 Td (than ) Tj ET Q q 0 0 0 rg BT 457.09 689.10 Td (if ) Tj ET Q q 0 0 0 rg BT 466.07 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 480.60 689.10 Td (were ) Tj ET Q q 0 0 0 rg BT 502.90 689.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.55 689.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 538.64 689.10 Td (hedge ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.42 677.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 135.23 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.60 677.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 185.97 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.02 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.28 677.10 Td (F) Tj ET Q q 0 0 0 rg BT 217.10 677.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 238.60 677.10 Td (Derivatives ) Tj ET Q q 0 0 0 rg BT 286.74 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.79 677.10 Td (Hedging) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.23 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 340.28 677.10 Td (topic, ) Tj ET Q q 0 0 0 rg BT 364.82 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 378.53 677.10 Td (believe ) Tj ET Q q 0 0 0 rg BT 409.45 677.10 Td (that ) Tj ET Q q 0 0 0 rg BT 426.49 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 440.20 677.10 Td (us, ) Tj ET Q q 0 0 0 rg BT 453.63 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.90 677.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 501.60 677.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 544.74 677.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 87.00 665.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 113.37 665.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 159.74 665.10 Td (do ) Tj ET Q q 0 0 0 rg BT 172.24 665.10 Td (not ) Tj ET Q q 0 0 0 rg BT 187.52 665.10 Td (outweigh ) Tj ET Q q 0 0 0 rg BT 227.24 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.96 665.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 263.06 665.10 Td (time ) Tj ET Q q 0 0 0 rg BT 283.34 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 300.28 665.10 Td (ef) Tj ET Q q 0 0 0 rg BT 307.86 665.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 324.80 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.08 665.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 367.58 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 387.85 665.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 414.23 665.10 Td (accounting.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 71.35 641.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 111.06 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 128.56 641.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 170.52 641.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.87 617.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 617.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 617.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 617.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 617.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 617.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 617.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 617.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 617.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 617.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 617.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 617.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.56 605.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.07 605.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 137.41 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 140.14 605.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.42 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.36 605.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 236.06 605.10 Td (when ) Tj ET Q q 0 0 0 rg BT 260.45 605.10 Td (it ) Tj ET Q q 0 0 0 rg BT 268.74 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 278.14 605.10 Td (both ) Tj ET Q q 0 0 0 rg BT 298.65 605.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.37 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.09 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.26 605.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.56 605.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.62 605.10 Td (been ) Tj ET Q q 0 0 0 rg BT 417.23 605.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.27 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.44 605.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.50 605.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.79 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.20 605.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 92.95 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 95.00 593.10 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.74 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.70 593.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.54 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.38 593.10 Td (based ) Tj ET Q q 0 0 0 rg BT 239.77 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.40 593.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.24 593.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.31 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.37 593.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.87 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.94 593.10 Td (in-house ) Tj ET Q q 0 0 0 rg BT 467.01 593.10 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.01 593.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 593.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.50 581.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.50 581.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.56 581.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.66 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.89 581.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 218.93 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.59 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.36 581.10 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.66 581.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 343.60 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.33 581.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 374.21 581.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 396.44 581.10 Td (can ) Tj ET Q q 0 0 0 rg BT 412.54 581.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 432.53 581.10 Td (from ) Tj ET Q q 0 0 0 rg BT 454.20 581.10 Td (such ) Tj ET Q q 0 0 0 rg BT 474.75 581.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 514.19 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 528.08 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 534.74 581.10 Td (variety ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.21 569.10 Td (reasons. ) Tj ET Q q 0 0 0 rg BT 95.09 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.30 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 115.23 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 137.61 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.32 569.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 208.46 569.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 258.60 569.10 Td (or ) Tj ET Q q 0 0 0 rg BT 269.32 569.10 Td (litigation ) Tj ET Q q 0 0 0 rg BT 307.81 569.10 Td (can ) Tj ET Q q 0 0 0 rg BT 324.07 569.10 Td (vary ) Tj ET Q q 0 0 0 rg BT 344.22 569.10 Td (from ) Tj ET Q q 0 0 0 rg BT 366.04 569.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 405.64 569.10 Td (due ) Tj ET Q q 0 0 0 rg BT 422.46 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.62 569.10 Td (new ) Tj ET Q q 0 0 0 rg BT 451.66 569.10 Td (developments ) Tj ET Q q 0 0 0 rg BT 509.59 569.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 550.28 569.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 72.53 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.13 557.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 151.93 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.42 557.10 Td (each ) Tj ET Q q 0 0 0 rg BT 186.89 557.10 Td (event, ) Tj ET Q q 0 0 0 rg BT 215.20 557.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.13 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.07 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.44 557.10 Td (case ) Tj ET Q q 0 0 0 rg BT 306.80 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.29 557.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 381.21 557.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 435.62 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.00 557.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 482.27 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 494.76 557.10 Td (remediation, ) Tj ET Q q 0 0 0 rg BT 549.17 557.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (understanding ) Tj ET Q q 0 0 0 rg BT 110.01 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 122.20 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.28 545.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 199.90 545.10 Td (impact, ) Tj ET Q q 0 0 0 rg BT 233.47 545.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 285.09 545.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 322.83 545.10 Td (available, ) Tj ET Q q 0 0 0 rg BT 365.28 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 383.58 545.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 428.53 545.10 Td (requirements, ) Tj ET Q q 0 0 0 rg BT 487.09 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.39 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.03 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.11 545.10 Td (case ) Tj ET Q q 0 0 0 rg BT 554.17 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 90.61 533.10 Td (dif) Tj ET Q q 0 0 0 rg BT 101.54 533.10 Td (fering ) Tj ET Q q 0 0 0 rg BT 127.91 533.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 188.17 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.00 533.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 219.83 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 236.77 533.10 Td (facts ) Tj ET Q q 0 0 0 rg BT 258.15 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.09 533.10 Td (assessments ) Tj ET Q q 0 0 0 rg BT 325.92 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.75 533.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 374.23 533.10 Td (asserted ) Tj ET Q q 0 0 0 rg BT 408.94 533.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 436.99 533.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Use ) Tj ET Q q 0 0 0 rg BT 67.55 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.38 509.10 Td (Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.91 485.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 105.33 485.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 110.33 485.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 114.80 485.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 159.96 485.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 207.48 485.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 239.69 485.10 Td (, ) Tj ET Q q 0 0 0 rg BT 244.16 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.92 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.11 485.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 322.85 485.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 362.04 485.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 407.90 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 421.53 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 427.94 485.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 471.59 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.89 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 497.19 485.10 Td (use ) Tj ET Q q 0 0 0 rg BT 512.50 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.80 485.10 Td (estimates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 461.10 Td (Accounting Pr) Tj ET Q q 0 0 0 rg BT 142.63 461.10 Td (onouncements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (See ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.56 437.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 106.62 437.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.62 437.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 116.75 437.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 162.51 437.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 210.68 437.10 Td (Policies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 242.89 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.01 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.41 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.25 437.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 328.65 437.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 368.49 437.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 414.99 437.10 Td (for ) Tj ET Q q 0 0 0 rg BT 429.28 437.10 Td (a ) Tj ET Q q 0 0 0 rg BT 436.34 437.10 Td (discussion ) Tj ET Q q 0 0 0 rg BT 480.63 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.58 437.10 Td (recent ) Tj ET Q q 0 0 0 rg BT 518.63 437.10 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (pronouncements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (FOR) Tj ET Q q 0 0 0 rg BT 70.26 401.10 Td (W) Tj ET Q q 0 0 0 rg BT 79.15 401.10 Td (ARD-LOOKING ) Tj ET Q q 0 0 0 rg BT 155.54 401.10 Td (INFORMA) Tj ET Q q 0 0 0 rg BT 203.68 401.10 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.28 377.10 Td (data ) Tj ET Q q 0 0 0 rg BT 106.17 377.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 134.94 377.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 180.39 377.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 222.49 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.50 377.10 Td (this ) Tj ET Q q 0 0 0 rg BT 250.47 377.10 Td (Annual ) Tj ET Q q 0 0 0 rg BT 283.14 377.10 Td (Report ) Tj ET Q q 0 0 0 rg BT 313.58 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 326.82 377.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 351.72 377.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 375.50 377.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.73 377.10 Td (are ) Tj ET Q q 0 0 0 rg BT 409.17 377.10 Td (not ) Tj ET Q q 0 0 0 rg BT 425.18 377.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 465.62 377.10 Td (facts, ) Tj ET Q q 0 0 0 rg BT 490.23 377.10 Td (including, ) Tj ET Q q 0 0 0 rg BT 533.73 377.10 Td (but ) Tj ET Q q 0 0 0 rg BT 549.74 377.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 80.86 365.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 94.17 365.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 139.41 365.10 Td (found ) Tj ET Q q 0 0 0 rg BT 165.78 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.58 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.83 365.10 Td (sections ) Tj ET Q q 0 0 0 rg BT 227.08 365.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 260.10 365.10 Td (Business ) Tj ET Q q 0 0 0 rg BT 303.13 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.60 365.10 Td (Properties ) Tj ET Q q 0 0 0 rg BT 368.62 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 386.09 365.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 390.53 365.10 Td (Management) Tj ET Q q 0 0 0 rg BT 445.51 365.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.43 365.10 Td (Discussion ) Tj ET Q q 0 0 0 rg BT 499.35 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.15 365.10 Td (Analysis ) Tj ET Q q 0 0 0 rg BT 554.19 365.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.91 353.10 Td (Condition ) Tj ET Q q 0 0 0 rg BT 133.11 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.75 353.10 Td (Results ) Tj ET Q q 0 0 0 rg BT 183.40 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.92 353.10 Td (Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.80 353.10 Td (, ) Tj ET Q q 0 0 0 rg BT 248.94 353.10 Td (are ) Tj ET Q q 0 0 0 rg BT 264.34 353.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 333.08 353.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 380.99 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 392.52 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.71 353.10 Td (term ) Tj ET Q q 0 0 0 rg BT 432.23 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.10 353.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 475.29 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 486.26 353.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 519.46 353.10 Td (21E ) Tj ET Q q 0 0 0 rg BT 538.76 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 90.37 341.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 130.91 341.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 146.78 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.54 341.10 Td (1934, ) Tj ET Q q 0 0 0 rg BT 180.47 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 190.23 341.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 227.76 341.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 244.74 341.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 289.72 341.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 315.85 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.28 341.10 Td (involve ) Tj ET Q q 0 0 0 rg BT 363.71 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 369.58 341.10 Td (number ) Tj ET Q q 0 0 0 rg BT 401.56 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.32 341.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 431.64 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.52 341.10 Td (uncertainties.Such ) Tj ET Q q 0 0 0 rg BT 527.54 341.10 Td (forward-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (looking ) Tj ET Q q 0 0 0 rg BT 83.17 329.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 128.49 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 148.82 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 161.37 329.10 Td (or ) Tj ET Q q 0 0 0 rg BT 172.81 329.10 Td (may ) Tj ET Q q 0 0 0 rg BT 193.13 329.10 Td (concern, ) Tj ET Q q 0 0 0 rg BT 230.39 329.10 Td (among ) Tj ET Q q 0 0 0 rg BT 260.72 329.10 Td (other ) Tj ET Q q 0 0 0 rg BT 284.37 329.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 314.43 329.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 352.52 329.10 Td (forecasts, ) Tj ET Q q 0 0 0 rg BT 393.67 329.10 Td (future ) Tj ET Q q 0 0 0 rg BT 420.66 329.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 474.30 329.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 501.29 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.84 329.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 548.06 329.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 79.11 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 90.40 317.10 Td (any ) Tj ET Q q 0 0 0 rg BT 107.80 317.10 Td (price ) Tj ET Q q 0 0 0 rg BT 130.74 317.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 168.68 317.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 197.19 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 212.37 317.10 Td (length ) Tj ET Q q 0 0 0 rg BT 240.32 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.61 317.10 Td (severity ) Tj ET Q q 0 0 0 rg BT 286.23 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.52 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.70 317.10 Td (current ) Tj ET Q q 0 0 0 rg BT 343.97 317.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 392.48 317.10 Td (price ) Tj ET Q q 0 0 0 rg BT 415.43 317.10 Td (downturn, ) Tj ET Q q 0 0 0 rg BT 459.22 317.10 Td (current ) Tj ET Q q 0 0 0 rg BT 490.50 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 501.79 317.10 Td (future ) Tj ET Q q 0 0 0 rg BT 528.62 317.10 Td (liquidity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 82.00 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 92.83 305.10 Td (their ) Tj ET Q q 0 0 0 rg BT 113.66 305.10 Td (adequacy ) Tj ET Q q 0 0 0 rg BT 153.92 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.21 305.10 Td (support ) Tj ET Q q 0 0 0 rg BT 196.72 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 212.55 305.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 258.93 305.10 Td (future ) Tj ET Q q 0 0 0 rg BT 285.31 305.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 326.41 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 342.25 305.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 370.31 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 380.59 305.10 Td (further ) Tj ET Q q 0 0 0 rg BT 410.31 305.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 439.46 305.10 Td (our ) Tj ET Q q 0 0 0 rg BT 455.29 305.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 475.02 305.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 503.35 305.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 538.63 305.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 101.25 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.33 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 123.64 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.84 293.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 169.36 293.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.44 293.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 221.46 293.10 Td (together ) Tj ET Q q 0 0 0 rg BT 255.97 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 275.51 293.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 326.71 293.10 Td (based ) Tj ET Q q 0 0 0 rg BT 351.24 293.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.99 293.10 Td (current ) Tj ET Q q 0 0 0 rg BT 393.06 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.26 293.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 448.21 293.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.53 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.72 293.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 491.80 293.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 517.44 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.63 293.10 Td (oilfield ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 74.90 281.10 Td (current ) Tj ET Q q 0 0 0 rg BT 106.12 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 117.36 281.10 Td (future ) Tj ET Q q 0 0 0 rg BT 144.14 281.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 197.02 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 208.26 281.10 Td (estimations ) Tj ET Q q 0 0 0 rg BT 256.71 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.95 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 284.18 281.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.86 281.10 Td (flows, ) Tj ET Q q 0 0 0 rg BT 332.48 281.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 380.37 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.61 281.10 Td (capital, ) Tj ET Q q 0 0 0 rg BT 423.66 281.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 468.23 281.10 Td (capacity) Tj ET Q q 0 0 0 rg BT 500.89 281.10 Td (, ) Tj ET Q q 0 0 0 rg BT 506.29 281.10 Td (future ) Tj ET Q q 0 0 0 rg BT 533.07 281.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 72.68 269.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 119.48 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.61 269.10 Td (advantageous ) Tj ET Q q 0 0 0 rg BT 185.84 269.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 233.20 269.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 274.99 269.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 312.89 269.10 Td (or ) Tj ET Q q 0 0 0 rg BT 323.03 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.05 269.10 Td (predicted ) Tj ET Q q 0 0 0 rg BT 376.06 269.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 395.63 269.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 415.77 269.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 449.23 269.10 Td (therefrom, ) Tj ET Q q 0 0 0 rg BT 492.96 269.10 Td (forecasted ) Tj ET Q q 0 0 0 rg BT 535.85 269.10 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 105.60 257.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 137.56 257.10 Td (activity ) Tj ET Q q 0 0 0 rg BT 170.06 257.10 Td (or ) Tj ET Q q 0 0 0 rg BT 180.90 257.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 219.79 257.10 Td (including ) Tj ET Q q 0 0 0 rg BT 260.08 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.80 257.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 303.43 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.37 257.10 Td (location ) Tj ET Q q 0 0 0 rg BT 355.10 257.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 388.42 257.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 429.25 257.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 457.87 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.71 257.10 Td (commencement ) Tj ET Q q 0 0 0 rg BT 534.53 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 545.37 257.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 255.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 86.14 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.23 245.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 138.29 245.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 163.27 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 174.35 245.10 Td (areas, ) Tj ET Q q 0 0 0 rg BT 200.14 245.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 223.45 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 234.53 245.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 282.28 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.36 245.10 Td (to-be-constructed ) Tj ET Q q 0 0 0 rg BT 366.09 245.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 406.62 245.10 Td (plants ) Tj ET Q q 0 0 0 rg BT 433.26 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.45 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.43 245.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 491.51 245.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.92 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.01 245.10 Td (capture ) Tj ET Q q 0 0 0 rg BT 554.19 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 231.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.71 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 90.21 233.10 Td (such ) Tj ET Q q 0 0 0 rg BT 110.60 233.10 Td (plants, ) Tj ET Q q 0 0 0 rg BT 139.05 233.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 167.23 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 177.63 233.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 191.52 231.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.77 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.83 233.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 237.78 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 254.28 233.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 279.68 233.10 Td (production ) Tj ET Q q 0 0 0 rg BT 325.07 233.10 Td (responses ) Tj ET Q q 0 0 0 rg BT 366.01 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 375.85 233.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 406.79 233.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 442.74 233.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 478.96 233.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 524.91 233.10 Td (plans ) Tj ET Q q 0 0 0 rg BT 548.08 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (proposals ) Tj ET Q q 0 0 0 rg BT 89.94 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.48 221.10 Td (dispositions, ) Tj ET Q q 0 0 0 rg BT 158.88 221.10 Td (development ) Tj ET Q q 0 0 0 rg BT 212.63 221.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 253.34 221.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 284.33 221.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 308.94 221.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 354.92 221.10 Td (future ) Tj ET Q q 0 0 0 rg BT 380.90 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 399.11 221.10 Td (savings, ) Tj ET Q q 0 0 0 rg BT 433.72 221.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 462.48 221.10 Td (budgets, ) Tj ET Q q 0 0 0 rg BT 498.19 221.10 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 554.17 221.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (prediction ) Tj ET Q q 0 0 0 rg BT 92.10 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 102.49 209.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 143.99 209.10 Td (details, ) Tj ET Q q 0 0 0 rg BT 174.65 209.10 Td (production ) Tj ET Q q 0 0 0 rg BT 220.04 209.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 240.97 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.47 209.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 293.42 209.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.81 209.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 341.41 209.10 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 374.29 209.10 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 426.88 209.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 457.81 209.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 498.75 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 515.25 209.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 545.36 209.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.25 207.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.82 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.82 197.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 131.06 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.06 197.10 Td (their ) Tj ET Q q 0 0 0 rg BT 168.95 197.10 Td (availability) Tj ET Q q 0 0 0 rg BT 213.28 197.10 Td (, ) Tj ET Q q 0 0 0 rg BT 218.35 197.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 255.90 197.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 293.72 197.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 323.49 197.10 Td (or ) Tj ET Q q 0 0 0 rg BT 334.39 197.10 Td (percentages ) Tj ET Q q 0 0 0 rg BT 384.14 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.04 197.10 Td (recoverable ) Tj ET Q q 0 0 0 rg BT 444.23 197.10 Td (original ) Tj ET Q q 0 0 0 rg BT 477.90 197.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 491.02 197.10 Td (in ) Tj ET Q q 0 0 0 rg BT 501.36 197.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 527.52 197.10 Td (potential ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (increases ) Tj ET Q q 0 0 0 rg BT 88.66 185.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.96 185.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 134.24 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.09 185.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 190.37 185.10 Td (tarif) Tj ET Q q 0 0 0 rg BT 206.85 185.10 Td (fs ) Tj ET Q q 0 0 0 rg BT 216.58 185.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.43 185.10 Td (other ) Tj ET Q q 0 0 0 rg BT 250.50 185.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 273.00 185.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 322.45 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.18 185.10 Td (likelihood, ) Tj ET Q q 0 0 0 rg BT 382.75 185.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 411.38 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 428.34 185.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 458.07 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.91 185.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 509.19 185.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 541.14 185.10 Td (rates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.60 173.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 94.69 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.91 173.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 149.88 173.10 Td (rulings ) Tj ET Q q 0 0 0 rg BT 180.54 173.10 Td (or ) Tj ET Q q 0 0 0 rg BT 191.75 173.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 229.34 173.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 276.09 173.10 Td (outcomes ) Tj ET Q q 0 0 0 rg BT 317.30 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.51 173.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 363.61 173.10 Td (litigation, ) Tj ET Q q 0 0 0 rg BT 405.10 173.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 454.08 173.10 Td (legislation ) Tj ET Q q 0 0 0 rg BT 498.62 173.10 Td (af) Tj ET Q q 0 0 0 rg BT 506.21 173.10 Td (fecting ) Tj ET Q q 0 0 0 rg BT 536.86 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 551.96 173.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.52 161.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 80.43 161.10 Td (industry) Tj ET Q q 0 0 0 rg BT 112.56 161.10 Td (, ) Tj ET Q q 0 0 0 rg BT 116.64 161.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 175.98 161.10 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 224.50 161.10 Td (mark-to-market ) Tj ET Q q 0 0 0 rg BT 288.83 161.10 Td (values, ) Tj ET Q q 0 0 0 rg BT 318.46 161.10 Td (competition, ) Tj ET Q q 0 0 0 rg BT 370.31 161.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 411.33 161.10 Td (forecasts ) Tj ET Q q 0 0 0 rg BT 448.45 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.36 161.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 505.76 161.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 526.22 161.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.14 161.10 Td (return, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.64 149.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 115.96 149.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 150.99 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.59 149.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 186.91 149.10 Td (future ) Tj ET Q q 0 0 0 rg BT 213.61 149.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 243.08 149.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 297.00 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.26 149.10 Td (overall ) Tj ET Q q 0 0 0 rg BT 344.84 149.10 Td (economics, ) Tj ET Q q 0 0 0 rg BT 392.93 149.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 438.52 149.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 480.21 149.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 524.70 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 541.96 149.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (variables ) Tj ET Q q 0 0 0 rg BT 87.76 137.10 Td (surrounding ) Tj ET Q q 0 0 0 rg BT 138.26 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.76 137.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 194.25 137.10 Td (original ) Tj ET Q q 0 0 0 rg BT 227.52 137.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 240.25 137.10 Td (in ) Tj ET Q q 0 0 0 rg BT 250.20 137.10 Td (place, ) Tj ET Q q 0 0 0 rg BT 275.96 137.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 319.79 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.39 137.10 Td (future ) Tj ET Q q 0 0 0 rg BT 362.44 137.10 Td (plans.Such ) Tj ET Q q 0 0 0 rg BT 413.22 137.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 480.93 137.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 525.31 137.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 62.96 125.10 Td (accompanied ) Tj ET Q q 0 0 0 rg BT 116.97 125.10 Td (by ) Tj ET Q q 0 0 0 rg BT 128.23 125.10 Td (words ) Tj ET Q q 0 0 0 rg BT 153.92 125.10 Td (such ) Tj ET Q q 0 0 0 rg BT 173.51 125.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.10 125.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 212.95 125.10 Td (estimate, ) Tj ET Q q 0 0 0 rg BT 258.90 125.10 Td (expect, ) Tj ET Q q 0 0 0 rg BT 297.63 125.10 Td (predict, ) Tj ET Q q 0 0 0 rg BT 338.03 125.10 Td (forecast, ) Tj ET Q q 0 0 0 rg BT 382.30 125.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.78 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.36 125.10 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 462.44 125.10 Td (anticipate, ) Tj ET Q q 0 0 0 rg BT 513.94 125.10 Td (projected, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (preliminary) Tj ET Q q 0 0 0 rg BT 99.94 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.96 113.10 Td (should, ) Tj ET Q q 0 0 0 rg BT 151.09 113.10 Td (assume, ) Tj ET Q q 0 0 0 rg BT 194.98 113.10 Td (believe, ) Tj ET Q q 0 0 0 rg BT 238.31 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 267.49 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.90 113.10 Td (other ) Tj ET Q q 0 0 0 rg BT 302.53 113.10 Td (words ) Tj ET Q q 0 0 0 rg BT 330.05 113.10 Td (that ) Tj ET Q q 0 0 0 rg BT 348.13 113.10 Td (convey) Tj ET Q q 0 0 0 rg BT 376.36 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 381.94 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 393.35 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.64 113.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 446.15 113.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.01 113.10 Td (convey) Tj ET Q q 0 0 0 rg BT 485.24 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.82 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.12 113.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 554.18 113.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.33 101.10 Td (events ) Tj ET Q q 0 0 0 rg BT 102.83 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 113.11 101.10 Td (outcomes.Such ) Tj ET Q q 0 0 0 rg BT 180.88 101.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 248.37 101.10 Td (information ) Tj ET Q q 0 0 0 rg BT 297.53 101.10 Td (is ) Tj ET Q q 0 0 0 rg BT 306.15 101.10 Td (based ) Tj ET Q q 0 0 0 rg BT 330.87 101.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 352.82 101.10 Td (management) Tj ET Q q 0 0 0 rg BT 406.69 101.10 Td (s ) Tj ET Q q 0 0 0 rg BT 412.53 101.10 Td (current ) Tj ET Q q 0 0 0 rg BT 442.80 101.10 Td (plans, ) Tj ET Q q 0 0 0 rg BT 468.36 101.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 522.79 101.10 Td (estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 89.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 118.62 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.68 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 144.96 89.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 175.91 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 186.30 89.10 Td (a ) Tj ET Q q 0 0 0 rg BT 193.36 89.10 Td (number ) Tj ET Q q 0 0 0 rg BT 226.52 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.47 89.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 258.98 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.03 89.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 329.74 89.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.35 89.10 Td (could ) Tj ET Q q 0 0 0 rg BT 372.19 89.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 424.79 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 441.85 89.10 Td (adversely ) Tj ET Q q 0 0 0 rg BT 482.78 89.10 Td (af) Tj ET Q q 0 0 0 rg BT 490.37 89.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 507.97 89.10 Td (current ) Tj ET Q q 0 0 0 rg BT 538.90 89.10 Td (plans, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 96.54 77.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 130.54 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.94 77.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 175.23 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.73 77.10 Td (such ) Tj ET Q q 0 0 0 rg BT 208.24 77.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 239.74 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 257.36 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.86 77.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 312.02 77.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 352.97 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.58 77.10 Td (results ) Tj ET Q q 0 0 0 rg BT 399.87 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.38 77.10 Td (operations.) Tj ET Q q 0 0 0 rg BT 459.98 77.10 Td (As ) Tj ET Q q 0 0 0 rg BT 474.27 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.88 77.10 Td (consequence, ) Tj ET Q q 0 0 0 rg BT 538.64 77.10 Td (actual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (results ) Tj ET Q q 0 0 0 rg BT 76.98 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 95.57 65.10 Td (dif) Tj ET Q q 0 0 0 rg BT 106.50 65.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 118.96 65.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 160.87 65.10 Td (from ) Tj ET Q q 0 0 0 rg BT 181.68 65.10 Td (expectations, ) Tj ET Q q 0 0 0 rg BT 235.53 65.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 274.12 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.82 65.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 334.64 65.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 375.44 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.59 65.10 Td (or ) Tj ET Q q 0 0 0 rg BT 394.29 65.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 426.21 65.10 Td (by ) Tj ET Q q 0 0 0 rg BT 437.58 65.10 Td (any ) Tj ET Q q 0 0 0 rg BT 453.39 65.10 Td (forward-looking ) Tj ET Q q 0 0 0 rg BT 520.30 65.10 Td (statements ) Tj ET Q endstream endobj 129 0 obj <> endobj 130 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.11 748.60 Td () Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 120.65 736.60 Td (Management) Tj ET Q q 0 0 0 rg BT 177.69 736.60 Td (s Discussion and ) Tj ET Q q 0 0 0 rg BT 249.28 736.60 Td (Analysis of Financial Condition and Results of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (made ) Tj ET Q q 0 0 0 rg BT 73.64 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 86.13 713.10 Td (us ) Tj ET Q q 0 0 0 rg BT 97.51 713.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.32 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 120.81 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 136.63 713.10 Td (behalf.) Tj ET Q q 0 0 0 rg BT 168.56 713.10 Td (Among ) Tj ET Q q 0 0 0 rg BT 201.05 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 215.75 713.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 245.45 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 262.93 713.10 Td (could ) Tj ET Q q 0 0 0 rg BT 287.63 713.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 312.33 713.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 338.68 713.10 Td (results ) Tj ET Q q 0 0 0 rg BT 367.28 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.54 713.10 Td (dif) Tj ET Q q 0 0 0 rg BT 388.47 713.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 402.06 713.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 445.08 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 459.78 713.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 509.47 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.74 713.10 Td (worldwide ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 63.45 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 90.73 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 102.46 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 113.63 701.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 134.81 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 148.77 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 176.04 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 193.88 701.10 Td (consequently ) Tj ET Q q 0 0 0 rg BT 250.04 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 261.21 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.83 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 304.10 701.10 Td (received ) Tj ET Q q 0 0 0 rg BT 341.36 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 353.09 701.10 Td (demand ) Tj ET Q q 0 0 0 rg BT 388.14 701.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.20 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.93 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 433.88 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 451.72 701.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 482.88 701.10 Td (gas; ) Tj ET Q q 0 0 0 rg BT 502.38 701.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 543.00 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 554.73 701.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.03 689.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 122.55 689.10 Td (and/or ) Tj ET Q q 0 0 0 rg BT 151.30 689.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 182.83 689.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.03 689.10 Td (OPEC ) Tj ET Q q 0 0 0 rg BT 224.80 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.78 689.10 Td (future ) Tj ET Q q 0 0 0 rg BT 262.86 689.10 Td (periods; ) Tj ET Q q 0 0 0 rg BT 298.28 689.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 324.80 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 336.33 689.10 Td (future ) Tj ET Q q 0 0 0 rg BT 363.41 689.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 393.27 689.10 Td (expenditures; ) Tj ET Q q 0 0 0 rg BT 450.34 689.10 Td (ef) Tj ET Q q 0 0 0 rg BT 457.93 689.10 Td (fects ) Tj ET Q q 0 0 0 rg BT 480.01 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.54 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 508.07 689.10 Td (indebtedness; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (success ) Tj ET Q q 0 0 0 rg BT 82.10 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.05 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 108.99 677.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 126.61 677.10 Td (management ) Tj ET Q q 0 0 0 rg BT 180.31 677.10 Td (techniques; ) Tj ET Q q 0 0 0 rg BT 228.46 677.10 Td (inaccurate ) Tj ET Q q 0 0 0 rg BT 272.16 677.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 290.88 677.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 333.48 677.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 381.08 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.03 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.08 677.10 Td (fluctuations ) Tj ET Q q 0 0 0 rg BT 458.90 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.30 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 484.13 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 510.62 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.56 677.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 548.07 677.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (services; ) Tj ET Q q 0 0 0 rg BT 86.35 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.43 665.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 147.28 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.47 665.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 188.78 665.10 Td (results ) Tj ET Q q 0 0 0 rg BT 216.75 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.05 665.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 263.78 665.10 Td (estimates; ) Tj ET Q q 0 0 0 rg BT 305.64 665.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 345.27 665.10 Td (hazards ) Tj ET Q q 0 0 0 rg BT 377.67 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 393.97 665.10 Td (remediation ) Tj ET Q q 0 0 0 rg BT 443.59 665.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 468.24 665.10 Td (disruption ) Tj ET Q q 0 0 0 rg BT 510.66 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.85 665.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.41 653.10 Td (damages ) Tj ET Q q 0 0 0 rg BT 105.86 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 128.77 653.10 Td (well ) Tj ET Q q 0 0 0 rg BT 149.46 653.10 Td (incidents, ) Tj ET Q q 0 0 0 rg BT 191.53 653.10 Td (hurricanes, ) Tj ET Q q 0 0 0 rg BT 239.14 653.10 Td (tropical ) Tj ET Q q 0 0 0 rg BT 273.15 653.10 Td (storms, ) Tj ET Q q 0 0 0 rg BT 305.79 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 317.59 653.10 Td (forest ) Tj ET Q q 0 0 0 rg BT 343.83 653.10 Td (fires; ) Tj ET Q q 0 0 0 rg BT 367.85 653.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 415.20 653.10 Td (risks; ) Tj ET Q q 0 0 0 rg BT 440.34 653.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 496.01 653.10 Td (for ) Tj ET Q q 0 0 0 rg BT 511.14 653.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 541.26 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 553.06 653.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (availability; ) Tj ET Q q 0 0 0 rg BT 98.74 641.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 141.88 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.14 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.83 641.10 Td (worldwide ) Tj ET Q q 0 0 0 rg BT 209.07 641.10 Td (financial, ) Tj ET Q q 0 0 0 rg BT 248.03 641.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 269.49 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.41 641.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 309.65 641.10 Td (markets; ) Tj ET Q q 0 0 0 rg BT 345.55 641.10 Td (general ) Tj ET Q q 0 0 0 rg BT 376.45 641.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 416.80 641.10 Td (conditions; 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Tj ET Q endstream endobj 131 0 obj <> endobj 132 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (65) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 347.927734375 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item 7A. 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ET Q q 0 0 0 rg BT 392.09 666.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.30 666.75 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.30 666.75 Td (, ) Tj ET Q q 0 0 0 rg BT 432.57 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.78 666.75 Td (the ) Tj ET Q q 0 0 0 rg BT 462.78 666.75 Td (results ) Tj ET Q q 0 0 0 rg BT 490.66 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 500.76 666.75 Td (their ) Tj ET Q q 0 0 0 rg BT 520.86 666.75 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 66.43 654.75 Td (their ) Tj ET Q q 0 0 0 rg BT 87.25 654.75 Td (cash ) Tj ET Q q 0 0 0 rg BT 107.51 654.75 Td (flows ) Tj ET Q q 0 0 0 rg BT 132.22 654.75 Td (for ) Tj ET Q q 0 0 0 rg BT 146.38 654.75 Td (each ) Tj ET Q q 0 0 0 rg BT 167.19 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 178.01 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 192.72 654.75 Td (three ) Tj ET Q q 0 0 0 rg BT 215.20 654.75 Td (years ) Tj ET Q q 0 0 0 rg BT 238.79 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 249.06 654.75 Td (the ) Tj ET Q q 0 0 0 rg BT 263.77 654.75 Td (period ) Tj ET Q q 0 0 0 rg BT 291.81 654.75 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.18 654.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 376.75 654.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.75 654.75 Td ( ) Tj ET Q q 0 0 0 rg BT 399.25 654.75 Td (in ) Tj ET Q q 0 0 0 rg BT 409.52 654.75 Td (conformity ) Tj ET Q q 0 0 0 rg BT 456.44 654.75 Td (with ) Tj ET Q q 0 0 0 rg BT 476.71 654.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 523.08 654.75 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 88.33 642.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 124.92 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 134.33 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 148.17 642.75 Td (United ) Tj ET Q q 0 0 0 rg BT 177.01 642.75 Td (States ) Tj ET Q q 0 0 0 rg BT 202.53 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 212.12 642.75 Td (America.) Tj ET Q q 0 0 0 rg BT 253.50 642.75 Td (Also ) Tj ET Q q 0 0 0 rg BT 274.01 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 283.42 642.75 Td (our ) Tj ET Q q 0 0 0 rg BT 298.37 642.75 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 333.06 642.75 Td (the ) Tj ET Q q 0 0 0 rg BT 346.90 642.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.41 642.75 Td (maintained, ) Tj ET Q q 0 0 0 rg BT 435.97 642.75 Td (in ) Tj ET Q q 0 0 0 rg BT 445.37 642.75 Td (all ) Tj ET Q q 0 0 0 rg BT 456.99 642.75 Td (material ) Tj ET Q q 0 0 0 rg BT 491.38 642.75 Td (respects, ) Tj ET Q q 0 0 0 rg BT 527.71 642.75 Td (ef) Tj ET Q q 0 0 0 rg BT 535.30 642.75 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 630.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.78 630.75 Td (control ) Tj ET Q q 0 0 0 rg BT 113.85 630.75 Td (over ) Tj ET Q q 0 0 0 rg BT 134.36 630.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 172.08 630.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 211.48 630.75 Td (as ) Tj ET Q q 0 0 0 rg BT 222.55 630.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.62 630.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 292.44 630.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.44 630.75 Td (, ) Tj ET Q q 0 0 0 rg BT 317.68 630.75 Td (based ) Tj ET Q q 0 0 0 rg BT 343.19 630.75 Td (on ) Tj ET Q q 0 0 0 rg BT 355.93 630.75 Td (criteria ) Tj ET Q q 0 0 0 rg BT 386.98 630.75 Td (established ) Tj ET Q q 0 0 0 rg BT 434.16 630.75 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 444.68 630.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 479.63 630.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 502.60 630.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 513.12 630.75 Td ( ) Tj ET Q q 0 0 0 rg BT 520.86 630.75 Td (Integrated ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 98.01 618.75 Td (\(2013\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 124.67 618.75 Td ( ) Tj ET Q q 0 0 0 rg BT 126.51 618.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 153.36 618.75 Td (by ) Tj ET Q q 0 0 0 rg BT 165.21 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 179.27 618.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 225.56 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.74 618.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 283.14 618.75 Td (Or) Tj ET Q q 0 0 0 rg BT 293.52 618.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 340.90 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 351.08 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.01 618.75 Td (T) Tj ET Q q 0 0 0 rg BT 370.77 618.75 Td (readway ) Tj ET Q q 0 0 0 rg BT 406.48 618.75 Td (Commission ) Tj ET Q q 0 0 0 rg BT 458.90 618.75 Td (\(COSO\).) Tj ET Q q 0 0 0 rg BT 499.55 618.75 Td (The ) Tj ET Q q 0 0 0 rg BT 516.95 618.75 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 618.75 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (management ) Tj ET Q q 0 0 0 rg BT 103.31 606.75 Td (is ) Tj ET Q q 0 0 0 rg BT 112.71 606.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 160.98 606.75 Td (for ) Tj ET Q q 0 0 0 rg BT 175.36 606.75 Td (these ) Tj ET Q q 0 0 0 rg BT 198.64 606.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 236.34 606.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 283.78 606.75 Td (for ) Tj ET Q q 0 0 0 rg BT 298.16 606.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 348.66 606.75 Td (ef) Tj ET Q q 0 0 0 rg BT 356.24 606.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 386.17 606.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 419.44 606.75 Td (control ) Tj ET Q q 0 0 0 rg BT 450.49 606.75 Td (over ) Tj ET Q q 0 0 0 rg BT 470.98 606.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 508.68 606.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 548.06 606.75 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (for ) Tj ET Q q 0 0 0 rg BT 63.89 594.75 Td (its ) Tj ET Q q 0 0 0 rg BT 76.07 594.75 Td (assessment ) Tj ET Q q 0 0 0 rg BT 123.24 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 134.29 594.75 Td (the ) Tj ET Q q 0 0 0 rg BT 149.24 594.75 Td (ef) Tj ET Q q 0 0 0 rg BT 156.83 594.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 203.98 594.75 Td (of ) Tj ET Q q 0 0 0 rg BT 215.04 594.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 248.31 594.75 Td (control ) Tj ET Q q 0 0 0 rg BT 279.37 594.75 Td (over ) Tj ET Q q 0 0 0 rg BT 299.87 594.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 337.58 594.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 379.46 594.75 Td (included ) Tj ET Q q 0 0 0 rg BT 416.62 594.75 Td (in ) Tj ET Q q 0 0 0 rg BT 427.13 594.75 Td (Management) Tj ET Q q 0 0 0 rg BT 482.11 594.75 Td (s ) Tj ET Q q 0 0 0 rg BT 488.73 594.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 518.68 594.75 Td (on ) Tj ET Q q 0 0 0 rg BT 531.41 594.75 Td (Internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 81.97 582.75 Td (over ) Tj ET Q q 0 0 0 rg BT 101.65 582.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 140.78 582.75 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 182.68 582.75 Td (appearing ) Tj ET Q q 0 0 0 rg BT 224.02 582.75 Td (under ) Tj ET Q q 0 0 0 rg BT 248.70 582.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 268.94 582.75 Td (9A.Our ) Tj ET Q q 0 0 0 rg BT 306.13 582.75 Td (responsibility ) Tj ET Q q 0 0 0 rg BT 362.48 582.75 Td (is ) Tj ET Q q 0 0 0 rg BT 371.07 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 380.76 582.75 Td (express ) Tj ET Q q 0 0 0 rg BT 412.66 582.75 Td (opinions ) Tj ET Q q 0 0 0 rg BT 449.02 582.75 Td (on ) Tj ET Q q 0 0 0 rg BT 460.94 582.75 Td (these ) Tj ET Q q 0 0 0 rg BT 483.40 582.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 520.29 582.75 Td (statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.82 570.75 Td (on ) Tj ET Q q 0 0 0 rg BT 81.71 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 97.81 570.75 Td (Company) Tj ET Q q 0 0 0 rg BT 139.48 570.75 Td (s ) Tj ET Q q 0 0 0 rg BT 147.26 570.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 181.69 570.75 Td (control ) Tj ET Q q 0 0 0 rg BT 213.90 570.75 Td (over ) Tj ET Q q 0 0 0 rg BT 235.55 570.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 274.42 570.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 314.96 570.75 Td (based ) Tj ET Q q 0 0 0 rg BT 341.61 570.75 Td (on ) Tj ET Q q 0 0 0 rg BT 355.50 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 372.72 570.75 Td (integrated ) Tj ET Q q 0 0 0 rg BT 416.58 570.75 Td (audits.) Tj ET Q q 0 0 0 rg BT 447.79 570.75 Td (W) Tj ET Q q 0 0 0 rg BT 456.43 570.75 Td (e ) Tj ET Q q 0 0 0 rg BT 464.75 570.75 Td (conducted ) Tj ET Q q 0 0 0 rg BT 509.73 570.75 Td (our ) Tj ET Q q 0 0 0 rg BT 526.95 570.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 554.72 570.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 96.77 558.75 Td (with ) Tj ET Q q 0 0 0 rg BT 116.86 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 131.39 558.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 171.47 558.75 Td (of ) Tj ET Q q 0 0 0 rg BT 182.11 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 196.64 558.75 Td (Public ) Tj ET Q q 0 0 0 rg BT 224.51 558.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 265.19 558.75 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 314.16 558.75 Td (Oversight ) Tj ET Q q 0 0 0 rg BT 355.91 558.75 Td (Board ) Tj ET Q q 0 0 0 rg BT 382.66 558.75 Td (\(United ) Tj ET Q q 0 0 0 rg BT 415.52 558.75 Td (States\).) Tj ET Q q 0 0 0 rg BT 450.05 558.75 Td (Those ) Tj ET Q q 0 0 0 rg BT 476.80 558.75 Td (standards ) Tj ET Q q 0 0 0 rg BT 516.88 558.75 Td (require ) Tj ET Q q 0 0 0 rg BT 547.51 558.75 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (we ) Tj ET Q q 0 0 0 rg BT 65.29 546.75 Td (plan ) Tj ET Q q 0 0 0 rg BT 86.63 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 105.20 546.75 Td (perform ) Tj ET Q q 0 0 0 rg BT 141.54 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 157.88 546.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 185.90 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 197.80 546.75 Td (obtain ) Tj ET Q q 0 0 0 rg BT 226.93 546.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 273.81 546.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 316.80 546.75 Td (about ) Tj ET Q q 0 0 0 rg BT 343.15 546.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 379.49 546.75 Td (the ) Tj ET Q q 0 0 0 rg BT 395.83 546.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 434.94 546.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 481.28 546.75 Td (are ) Tj ET Q q 0 0 0 rg BT 497.62 546.75 Td (free ) Tj ET Q q 0 0 0 rg BT 517.28 546.75 Td (of ) Tj ET Q q 0 0 0 rg BT 529.74 546.75 Td (material ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (misstatement ) Tj ET Q q 0 0 0 rg BT 104.99 534.75 Td (and ) Tj ET Q q 0 0 0 rg BT 122.16 534.75 Td (whether ) Tj ET Q q 0 0 0 rg BT 157.09 534.75 Td (ef) Tj ET Q q 0 0 0 rg BT 164.68 534.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 194.60 534.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 227.87 534.75 Td (control ) Tj ET Q q 0 0 0 rg BT 258.92 534.75 Td (over ) Tj ET Q q 0 0 0 rg BT 279.41 534.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.12 534.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 356.50 534.75 Td (was ) Tj ET Q q 0 0 0 rg BT 374.77 534.75 Td (maintained ) Tj ET Q q 0 0 0 rg BT 421.93 534.75 Td (in ) Tj ET Q q 0 0 0 rg BT 432.43 534.75 Td (all ) Tj ET Q q 0 0 0 rg BT 445.15 534.75 Td (material ) Tj ET Q q 0 0 0 rg BT 480.63 534.75 Td (respects.Our ) Tj ET Q q 0 0 0 rg BT 538.62 534.75 Td (audits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 522.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.44 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.27 522.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.86 522.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 157.69 522.75 Td (included ) Tj ET Q q 0 0 0 rg BT 194.73 522.75 Td (examining, ) Tj ET Q q 0 0 0 rg BT 242.06 522.75 Td (on ) Tj ET Q q 0 0 0 rg BT 254.67 522.75 Td (a ) Tj ET Q q 0 0 0 rg BT 261.72 522.75 Td (test ) Tj ET Q q 0 0 0 rg BT 278.22 522.75 Td (basis, ) Tj ET Q q 0 0 0 rg BT 303.33 522.75 Td (evidence ) Tj ET Q q 0 0 0 rg BT 341.48 522.75 Td (supporting ) Tj ET Q q 0 0 0 rg BT 386.87 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 401.70 522.75 Td (amounts ) Tj ET Q q 0 0 0 rg BT 438.20 522.75 Td (and ) Tj ET Q q 0 0 0 rg BT 455.25 522.75 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 502.30 522.75 Td (in ) Tj ET Q q 0 0 0 rg BT 512.69 522.75 Td (the ) Tj ET Q q 0 0 0 rg BT 527.52 522.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (statements, ) Tj ET Q q 0 0 0 rg BT 97.01 510.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 137.04 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 152.06 510.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 198.73 510.75 Td (principles ) Tj ET Q q 0 0 0 rg BT 240.97 510.75 Td (used ) Tj ET Q q 0 0 0 rg BT 262.10 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 279.34 510.75 Td (significant ) Tj ET Q q 0 0 0 rg BT 324.36 510.75 Td (estimates ) Tj ET Q q 0 0 0 rg BT 364.37 510.75 Td (made ) Tj ET Q q 0 0 0 rg BT 388.83 510.75 Td (by ) Tj ET Q q 0 0 0 rg BT 401.63 510.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 458.03 510.75 Td (and ) Tj ET Q q 0 0 0 rg BT 475.27 510.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 519.72 510.75 Td (the ) Tj ET Q q 0 0 0 rg BT 534.74 510.75 Td (overall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 498.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 87.66 498.75 Td (statement ) Tj ET Q q 0 0 0 rg BT 129.17 498.75 Td (presentation.Our ) Tj ET Q q 0 0 0 rg BT 204.27 498.75 Td (audit ) Tj ET Q q 0 0 0 rg BT 227.45 498.75 Td (of ) Tj ET Q q 0 0 0 rg BT 238.96 498.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 272.69 498.75 Td (control ) Tj ET Q q 0 0 0 rg BT 304.20 498.75 Td (over ) Tj ET Q q 0 0 0 rg BT 325.15 498.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 363.31 498.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 403.15 498.75 Td (included ) Tj ET Q q 0 0 0 rg BT 440.76 498.75 Td (obtaining ) Tj ET Q q 0 0 0 rg BT 481.72 498.75 Td (an ) Tj ET Q q 0 0 0 rg BT 494.34 498.75 Td (understanding ) Tj ET Q q 0 0 0 rg BT 554.18 498.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 82.63 486.75 Td (control ) Tj ET Q q 0 0 0 rg BT 113.53 486.75 Td (over ) Tj ET Q q 0 0 0 rg BT 133.88 486.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 171.45 486.75 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 213.19 486.75 Td (assessing ) Tj ET Q q 0 0 0 rg BT 252.99 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.79 486.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 285.37 486.75 Td (that ) Tj ET Q q 0 0 0 rg BT 302.95 486.75 Td (a ) Tj ET Q q 0 0 0 rg BT 309.97 486.75 Td (material ) Tj ET Q q 0 0 0 rg BT 345.32 486.75 Td (weakness ) Tj ET Q q 0 0 0 rg BT 386.22 486.75 Td (exists, ) Tj ET Q q 0 0 0 rg BT 414.08 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.10 486.75 Td (testing ) Tj ET Q q 0 0 0 rg BT 460.35 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 477.37 486.75 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 521.60 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 536.40 486.75 Td (design ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.26 474.75 Td (operating ) Tj ET Q q 0 0 0 rg BT 104.35 474.75 Td (ef) Tj ET Q q 0 0 0 rg BT 111.94 474.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 157.69 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 167.34 474.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 199.21 474.75 Td (control ) Tj ET Q q 0 0 0 rg BT 228.86 474.75 Td (based ) Tj ET Q q 0 0 0 rg BT 252.95 474.75 Td (on ) Tj ET Q q 0 0 0 rg BT 264.28 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 277.82 474.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 313.03 474.75 Td (risk.Our ) Tj ET Q q 0 0 0 rg BT 352.40 474.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 377.61 474.75 Td (also ) Tj ET Q q 0 0 0 rg BT 395.05 474.75 Td (included ) Tj ET Q q 0 0 0 rg BT 430.80 474.75 Td (performing ) Tj ET Q q 0 0 0 rg BT 477.11 474.75 Td (such ) Tj ET Q q 0 0 0 rg BT 496.77 474.75 Td (other ) Tj ET Q q 0 0 0 rg BT 518.64 474.75 Td (procedures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 462.75 Td (we ) Tj ET Q q 0 0 0 rg BT 74.49 462.75 Td (considered ) Tj ET Q q 0 0 0 rg BT 120.31 462.75 Td (necessary ) Tj ET Q q 0 0 0 rg BT 161.67 462.75 Td (in ) Tj ET Q q 0 0 0 rg BT 171.95 462.75 Td (the ) Tj ET Q q 0 0 0 rg BT 186.67 462.75 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 248.13 462.75 Td (W) Tj ET Q q 0 0 0 rg BT 256.77 462.75 Td (e ) Tj ET Q q 0 0 0 rg BT 263.70 462.75 Td (believe ) Tj ET Q q 0 0 0 rg BT 295.08 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 312.57 462.75 Td (our ) Tj ET Q q 0 0 0 rg BT 328.40 462.75 Td (audits ) Tj ET Q q 0 0 0 rg BT 354.79 462.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 387.83 462.75 Td (a ) Tj ET Q q 0 0 0 rg BT 394.77 462.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 440.03 462.75 Td (basis ) Tj ET Q q 0 0 0 rg BT 462.53 462.75 Td (for ) Tj ET Q q 0 0 0 rg BT 476.69 462.75 Td (our ) Tj ET Q q 0 0 0 rg BT 492.52 462.75 Td (opinions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 438.75 Td (A) Tj ET Q q 0 0 0 rg BT 56.17 438.75 Td ( ) Tj ET Q q 0 0 0 rg BT 57.86 438.75 Td (company) Tj ET Q q 0 0 0 rg BT 97.29 438.75 Td (s ) Tj ET Q q 0 0 0 rg BT 102.88 438.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 135.11 438.75 Td (control ) Tj ET Q q 0 0 0 rg BT 165.13 438.75 Td (over ) Tj ET Q q 0 0 0 rg BT 184.59 438.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.26 438.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 259.60 438.75 Td (is ) Tj ET Q q 0 0 0 rg BT 267.96 438.75 Td (a ) Tj ET Q q 0 0 0 rg BT 274.09 438.75 Td (process ) Tj ET Q q 0 0 0 rg BT 305.77 438.75 Td (designed ) Tj ET Q q 0 0 0 rg BT 343.01 438.75 Td (to ) Tj ET Q q 0 0 0 rg BT 352.48 438.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 384.72 438.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 429.16 438.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 469.72 438.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 509.73 438.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.64 438.75 Td (reliability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 61.16 426.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 99.46 426.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 139.45 426.75 Td (and ) Tj ET Q q 0 0 0 rg BT 157.21 426.75 Td (the ) Tj ET Q q 0 0 0 rg BT 172.75 426.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 221.61 426.75 Td (of ) Tj ET Q q 0 0 0 rg BT 233.27 426.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 271.58 426.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 317.12 426.75 Td (for ) Tj ET Q q 0 0 0 rg BT 332.10 426.75 Td (external ) Tj ET Q q 0 0 0 rg BT 367.63 426.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 406.51 426.75 Td (in ) Tj ET Q q 0 0 0 rg BT 417.61 426.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 465.90 426.75 Td (with ) Tj ET Q q 0 0 0 rg BT 487.01 426.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 426.75 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 414.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 95.23 414.75 Td (principles.) Tj ET Q q 0 0 0 rg BT 141.61 414.75 Td (A) Tj ET Q q 0 0 0 rg BT 148.28 414.75 Td ( ) Tj ET Q q 0 0 0 rg BT 150.13 414.75 Td (company) Tj ET Q q 0 0 0 rg BT 189.56 414.75 Td (s ) Tj ET Q q 0 0 0 rg BT 195.31 414.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 227.70 414.75 Td (control ) Tj ET Q q 0 0 0 rg BT 257.88 414.75 Td (over ) Tj ET Q q 0 0 0 rg BT 277.50 414.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 314.34 414.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 352.84 414.75 Td (includes ) Tj ET Q q 0 0 0 rg BT 388.02 414.75 Td (those ) Tj ET Q q 0 0 0 rg BT 410.98 414.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 443.94 414.75 Td (and ) Tj ET Q q 0 0 0 rg BT 460.23 414.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 505.95 414.75 Td (that ) Tj ET Q q 0 0 0 rg BT 522.80 414.75 Td (\(i\)pertain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 402.75 Td (to ) Tj ET Q q 0 0 0 rg BT 59.55 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 74.04 402.75 Td (maintenance ) Tj ET Q q 0 0 0 rg BT 126.84 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 137.44 402.75 Td (records ) Tj ET Q q 0 0 0 rg BT 169.15 402.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 188.91 402.75 Td (in ) Tj ET Q q 0 0 0 rg BT 198.97 402.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 243.99 402.75 Td (detail, ) Tj ET Q q 0 0 0 rg BT 270.98 402.75 Td (accurately ) Tj ET Q q 0 0 0 rg BT 314.33 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.04 402.75 Td (fairly ) Tj ET Q q 0 0 0 rg BT 354.97 402.75 Td (reflect ) Tj ET Q q 0 0 0 rg BT 382.77 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 397.26 402.75 Td (transactions ) Tj ET Q q 0 0 0 rg BT 447.30 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 464.01 402.75 Td (dispositions ) Tj ET Q q 0 0 0 rg BT 514.07 402.75 Td (of ) Tj ET Q q 0 0 0 rg BT 524.68 402.75 Td (the ) Tj ET Q q 0 0 0 rg BT 539.17 402.75 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.72 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 75.83 390.75 Td (company; 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (Because ) Tj ET Q q 0 0 0 rg BT 86.71 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 98.93 318.75 Td (its ) Tj ET Q q 0 0 0 rg BT 112.28 318.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 148.93 318.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 198.11 318.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 232.54 318.75 Td (control ) Tj ET Q q 0 0 0 rg BT 264.76 318.75 Td (over ) Tj ET Q q 0 0 0 rg BT 286.42 318.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 325.30 318.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 365.85 318.75 Td (may ) Tj ET Q q 0 0 0 rg BT 386.96 318.75 Td (not ) Tj ET Q q 0 0 0 rg BT 403.63 318.75 Td (prevent ) Tj ET Q q 0 0 0 rg BT 437.51 318.75 Td (or ) Tj ET Q q 0 0 0 rg BT 449.73 318.75 Td (detect ) Tj ET Q q 0 0 0 rg BT 477.50 318.75 Td (misstatements.) Tj ET Q q 0 0 0 rg BT 541.11 318.75 Td (Also, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.87 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 106.13 306.75 Td (any ) Tj ET Q q 0 0 0 rg BT 122.50 306.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 166.08 306.75 Td (of ) Tj ET Q q 0 0 0 rg BT 176.35 306.75 Td (ef) Tj ET Q q 0 0 0 rg BT 183.93 306.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 230.29 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 240.00 306.75 Td (future ) Tj ET Q q 0 0 0 rg BT 265.81 306.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 297.18 306.75 Td (are ) Tj ET Q q 0 0 0 rg BT 311.32 306.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 341.58 306.75 Td (to ) Tj ET Q q 0 0 0 rg BT 351.29 306.75 Td (the ) Tj ET Q q 0 0 0 rg BT 365.44 306.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 382.37 306.75 Td (that ) Tj ET Q q 0 0 0 rg BT 399.30 306.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 433.45 306.75 Td (may ) Tj ET Q q 0 0 0 rg BT 452.60 306.75 Td (become ) Tj ET Q q 0 0 0 rg BT 485.63 306.75 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 530.87 306.75 Td (because ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 294.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 95.04 294.75 Td (in ) Tj ET Q q 0 0 0 rg BT 105.32 294.75 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 151.98 294.75 Td (or ) Tj ET Q q 0 0 0 rg BT 162.81 294.75 Td (that ) Tj ET Q q 0 0 0 rg BT 180.31 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 195.02 294.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 224.17 294.75 Td (of ) Tj ET Q q 0 0 0 rg BT 235.00 294.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 283.59 294.75 Td (with ) Tj ET Q q 0 0 0 rg BT 303.87 294.75 Td (the ) Tj ET Q q 0 0 0 rg BT 318.58 294.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 352.19 294.75 Td (or ) Tj ET Q q 0 0 0 rg BT 363.02 294.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 409.38 294.75 Td (may ) Tj ET Q q 0 0 0 rg BT 429.10 294.75 Td (deteriorate.) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 49.5 269.4169921875 m 180.955078125 269.4169921875 l s q 0 0 0 rg BT 49.50 270.75 Td (/s/ PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 258.75 Td (PricewaterhouseCoopers LLP) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 79.87 246.75 Td (T) Tj ET Q q 0 0 0 rg BT 85.28 246.75 Td (exas) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.75 Td (March1, 2017) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 135 0 obj <> endobj 136 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 760.75 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 760.75 Td (ces Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 244.85 748.75 Td (Consolidated Balance Sheets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.10 736.75 Td (\(In thousands, except par value and share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (67) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 693.50 513.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 668.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 668.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 668.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 668.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 644.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 644.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 644.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 644.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 620.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 620.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 620.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 620.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 596.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 596.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 596.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 596.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 572.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 572.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 572.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 572.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 548.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 548.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 548.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 548.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 524.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 524.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 524.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 524.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 500.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 500.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 500.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 500.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 476.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 476.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 476.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 476.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 452.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 452.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 452.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 452.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 428.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 428.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 428.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 428.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 403.50 379.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 403.50 65.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 403.50 4.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 403.50 65.00 -21.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 370.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 370.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 370.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 370.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 337.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 337.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 337.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 337.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 313.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 313.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 313.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 313.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 289.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 289.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 289.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 289.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 265.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 265.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 265.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 265.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 232.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 232.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 232.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 232.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 208.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 208.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 208.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 208.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 184.50 379.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 184.50 65.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 184.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 184.50 65.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 706.5 m 493 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 706.5 m 497 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 706.5 m 562 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 693.5 m 493 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 693.5 m 562 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 608.5 m 493 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 608.5 m 562 608.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 596.5 m 493 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 596.5 m 562 596.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 500.5 m 493 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 500.5 m 562 500.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 488.5 m 493 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 488.5 m 562 488.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 476.5 m 493 476.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 476.5 m 562 476.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 465.5 m 493 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 463.5 m 493 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 465.5 m 562 465.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 463.5 m 562 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 382.5 m 493 382.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 382.5 m 562 382.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 370.5 m 493 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 370.5 m 562 370.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 301.5 m 493 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 301.5 m 562 301.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 289.5 m 493 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 289.5 m 562 289.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 196.5 m 493 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 196.5 m 562 196.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 184.5 m 493 184.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 184.5 m 562 184.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 173.5 m 493 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 171.5 m 493 171.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 173.5 m 562 173.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 171.5 m 562 171.5 l s BT /F4 8.00 Tf ET q 0 0 0 rg BT 57.50 710.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 472.05 710.75 Td (December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 697.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 452.00 697.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 521.00 697.75 Td (2015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 294.30 684.73 Td (Assets) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 672.58 Td (Current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 672.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 672.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 660.45 Td (Cash and cash equivalents) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 660.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.80 660.45 Td (1,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 660.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.80 660.45 Td (2,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 648.45 Td (Accrued production receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 648.45 Td (124,936) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 648.45 Td (100,413) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 636.45 Td (Trade and other receivables, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 636.45 Td (43,900) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 636.45 Td (87,093) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 624.45 Td (Derivative assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 624.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 624.45 Td (142,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 612.45 Td (Other current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 612.45 Td (10,684) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 612.45 Td (10,005) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 600.45 Td (Total current assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 600.45 Td (181,126) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 600.45 Td (343,169) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 588.58 Td (Property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 588.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 588.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 576.45 Td (Oil and natural gas properties \(using full cost accounting\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 576.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 576.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 564.45 Td (Proved properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 453.75 564.45 Td (10,419,827) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 522.75 564.45 Td (10,245,195) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 552.45 Td (Unevaluated properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 552.45 Td (927,819) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 552.45 Td (894,948) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 540.45 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 74.61 539.31 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.21 540.45 Td ( properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 540.45 Td (1,188,467) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 540.45 Td (1,187,458) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 528.45 Td (Pipelines and plants) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 528.45 Td (2,285,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 528.45 Td (2,293,219) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 516.45 Td (Other property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 516.45 Td (378,776) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 516.45 Td (408,194) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 504.45 Td (Less accumulated depletion, depreciation, amortization and impairment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.10 504.45 Td (\(11,212,327) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 504.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 504.45 Td (\(9,653,205) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 504.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 492.45 Td (Net property and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 492.45 Td (3,988,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 492.45 Td (5,375,809) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 51.50 480.45 Td (Other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 480.45 Td (105,078) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 480.45 Td (166,555) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 468.58 Td (Total assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 468.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 468.45 Td (4,274,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 468.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 468.45 Td (5,885,533) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 243.60 456.58 Td (Liabilities and Stockholders Equity) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 444.58 Td (Current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 444.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 444.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 432.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 432.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 432.45 Td (200,266) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 432.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 432.45 Td (253,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 420.45 Td (Oil and gas production payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 420.45 Td (80,585) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 420.45 Td (87,337) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 407.75 Td (Derivative liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 407.75 Td (69,279) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 407.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 394.75 Td (Current maturities of long-term debt \(including future interest payable of $50,349 and $0, respectively see) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 386.75 Td (Note 4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 386.75 Td (83,366) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 386.75 Td (32,481) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 374.45 Td (Total current liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 374.45 Td (433,496) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 374.45 Td (373,015) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 362.58 Td (Long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 362.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 362.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 349.75 Td (Long-term debt, net of current portion \(including future interest payable of $178,476 and $0, respectively see) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 341.75 Td (Note 4\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 341.75 Td (2,909,732) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 341.75 Td (3,245,114) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 329.45 Td (Asset retirement obligations) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 329.45 Td (146,807) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 329.45 Td (138,919) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 317.45 Td (Deferred tax liabilities, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 317.45 Td (293,878) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.80 317.45 Td (852,089) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 305.45 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.80 305.45 Td (22,217) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.80 305.45 Td (27,484) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 293.45 Td (Total long-term liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 293.45 Td (3,372,634) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 293.45 Td (4,263,606) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 281.58 Td (Commitments and contingencies \(Note 10\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 51.50 269.58 Td (Stockholders equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.50 269.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.50 269.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 257.45 Td (Preferred stock, $.001 par value, 25,000,000 shares authorized, none issued and outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.80 257.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.80 257.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 244.75 Td (Common stock, $.001 par value, 600,000,000 shares authorized; 402,334,655 and 354,541,626 shares issued,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 72.50 236.75 Td (respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.80 236.75 Td (402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.80 236.75 Td (355) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 224.45 Td (Paid-in capital in excess of par) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 224.45 Td (2,534,670) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 224.45 Td (2,353,549) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 212.45 Td (Accumulated deficit) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 455.10 212.45 Td (\(2,018,989) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 212.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 524.10 212.45 Td (\(1,058,954) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 212.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 63.50 200.45 Td (Treasury stock, at cost, 3,906,877 and 3,124,311 shares, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 465.10 200.45 Td (\(47,635) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.80 200.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 534.10 200.45 Td (\(46,038) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.80 200.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 75.50 188.45 Td (Total stockholders equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.80 188.45 Td (468,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 188.45 Td (1,248,912) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 75.50 176.58 Td (Total liabilities and stockholders equity) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.50 176.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.80 176.45 Td (4,274,578) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.50 176.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.80 176.45 Td (5,885,533) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 155.00 Td (See accompanying Notes to Consolidated Financial Statements.) Tj ET Q endstream endobj 137 0 obj <> endobj 138 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 772.75 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 772.75 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 760.75 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 760.75 Td (ces Inc.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 222.50 748.75 Td (Consolidated Statements of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.65 736.75 Td (\(In thousands, except per share data\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (68) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 693.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 693.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 693.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 667.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 667.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 667.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 667.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 641.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 641.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 641.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 641.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 615.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 615.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 615.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 615.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 589.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 589.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 589.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 589.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 563.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 563.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 563.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 563.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 537.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 537.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 537.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 537.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 511.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 511.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 511.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 511.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 511.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 511.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 485.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 485.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 485.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 485.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 485.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 485.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 459.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 459.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 459.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 459.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 459.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 459.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 433.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 433.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 433.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 433.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 433.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 433.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 407.50 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 407.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 407.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 407.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 407.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 407.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 379.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 379.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 379.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 379.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 379.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 353.50 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 353.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 353.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 353.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 353.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 353.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 323.50 309.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 323.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 323.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 323.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 323.50 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 323.50 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 295.50 309.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 295.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 295.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 295.50 65.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 295.50 4.00 -13.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 295.50 65.00 -13.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 706.5 m 423.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 706.5 m 427.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 706.5 m 492.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 706.5 m 496.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 706.5 m 561.5 706.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 693.5 m 423.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 693.5 m 492.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 693.5 m 561.5 693.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 641.5 m 423.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 641.5 m 492.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 641.5 m 561.5 641.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 628.5 m 423.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.5 m 492.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.5 m 561.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 459.5 m 423.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 459.5 m 492.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 459.5 m 561.5 459.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 446.5 m 423.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 446.5 m 492.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 446.5 m 561.5 446.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 420.5 m 423.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 420.5 m 492.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 420.5 m 561.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 420.5 m 423.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 408.5 m 423.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 406.5 m 423.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 420.5 m 492.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 408.5 m 492.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 406.5 m 492.5 406.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 420.5 m 561.5 420.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 408.5 m 561.5 408.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 406.5 m 561.5 406.5 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 710.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.45 710.75 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 697.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.50 697.75 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 697.75 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 697.75 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 684.73 Td (Revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 684.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 684.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 684.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 671.75 Td (Oil, natural gas, and related product sales) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 671.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 671.75 Td (935,751) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 671.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 671.75 Td (1,213,026) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 671.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 671.75 Td (2,372,473) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 658.75 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.11 657.61 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.71 658.75 Td ( sales and transportation fees) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 658.75 Td (24,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 658.75 Td (30,626) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 658.75 Td (44,643) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 645.75 Td (Interest income and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 645.75 Td (15,029) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 645.75 Td (13,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 645.75 Td (18,089) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 632.75 Td (Total revenues and other income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 632.75 Td (975,596) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 632.75 Td (1,257,560) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 632.75 Td (2,435,205) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 619.73 Td (Expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 619.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 606.75 Td (Lease operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 606.75 Td (414,937) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 606.75 Td (515,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 606.75 Td (647,559) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 593.75 Td (Marketing and plant operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 593.75 Td (57,454) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 593.75 Td (55,746) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 593.75 Td (64,379) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 580.75 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.11 579.61 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.71 580.75 Td ( discovery and operating expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 402.30 580.75 Td (3,374) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 580.75 Td (4,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 580.75 Td (25,222) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 567.75 Td (Taxes other than income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 567.75 Td (77,892) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 567.75 Td (109,992) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 567.75 Td (169,701) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 554.75 Td (General and administrative expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 554.75 Td (109,926) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 554.75 Td (144,564) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 554.75 Td (158,343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 541.75 Td (Interest, net of amounts capitalized of $25,982, $32,146 and $24,202, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 541.75 Td (125,145) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 541.75 Td (159,268) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 541.75 Td (183,003) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 528.75 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 528.75 Td (846,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 528.75 Td (531,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 528.75 Td (592,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 515.75 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 515.75 Td (127,944) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 515.75 Td (\(147,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 515.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 515.75 Td (\(555,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 515.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 502.75 Td (Loss \(gain\) on debt extinguishment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 502.75 Td (\(115,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 502.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 502.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 502.75 Td (113,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 489.75 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 489.75 Td (810,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 489.75 Td (4,939,600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 489.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 476.75 Td (Impairment of goodwill) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 476.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 476.75 Td (1,261,512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 476.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 463.75 Td (Other expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 463.75 Td (37,402) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 463.75 Td (9,599) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 463.75 Td (12,816) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 450.75 Td (Total expenses) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 450.75 Td (2,495,943) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 450.75 Td (7,583,542) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 450.75 Td (1,412,648) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 437.73 Td (Income \(loss\) before income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 437.75 Td (\(1,520,347) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 437.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 437.75 Td (\(6,325,982) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 437.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 437.75 Td (1,022,557) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 424.75 Td (Income tax provision \(benefit\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 424.75 Td (\(544,170) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 424.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 424.75 Td (\(1,940,534) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 424.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 424.75 Td (387,066) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 411.73 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 411.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 411.75 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 411.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 411.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 411.75 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 411.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 411.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 411.75 Td (635,491) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 383.73 Td (Net income \(loss\) per common share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 370.75 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 370.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 403.60 370.75 Td 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52.00 327.73 Td (Dividends declared per common share) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 327.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 327.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 327.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 327.75 Td (0.1875) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 327.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 327.75 Td (0.2500) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 299.73 Td (Weighted average common shares outstanding) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 299.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 299.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 299.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 286.75 Td (Basic) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 286.75 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 286.75 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 286.75 Td (348,962) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 273.75 Td (Diluted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 273.75 Td (373,859) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 273.75 Td (348,802) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 273.75 Td (351,167) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 252.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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/F1 8.00 Tf ET q 0 0 0 rg BT 489.30 684.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 684.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 684.75 Td (635,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 671.75 Td (Other comprehensive income, net of income tax) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 671.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 671.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 671.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 658.75 Td (Interest rate lock derivative contracts reclassified to income, net of tax of $0, $128 and) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 76.00 650.75 Td ($45, respectively) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 650.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 650.75 Td (209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 650.75 Td (67) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 637.75 Td (Total other comprehensive income) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 637.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 637.75 Td (209) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 637.75 Td (67) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 624.73 Td (Comprehensive income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 624.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 624.75 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 624.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 624.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 624.75 Td (\(4,385,239) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 624.75 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 624.75 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 624.75 Td (635,558) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 178.35 597.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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0 rg BT 52.00 711.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 417.45 711.45 Td (Year Ended December 31,) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 52.00 699.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.50 699.45 Td (2016) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 451.50 699.45 Td (2015) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.50 699.45 Td (2014) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 687.58 Td (Cash flows from operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 687.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 687.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 687.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 675.45 Td (Net income \(loss\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 361.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 675.45 Td (\(976,177) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 675.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 675.45 Td (\(4,385,448) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 675.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 675.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 675.45 Td (635,491) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 662.75 Td (Adjustments to reconcile net income \(loss\) to cash flows from operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 662.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 662.75 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 650.45 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 650.45 Td (846,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 650.45 Td (531,660) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 650.45 Td (592,972) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 638.45 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 638.45 Td (810,921) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 638.45 Td (4,939,600) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 638.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 626.45 Td (Impairment of goodwill) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 626.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 626.45 Td (1,261,512) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 626.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 614.45 Td (Deferred income taxes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 614.45 Td (\(543,385) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 614.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 614.45 Td (\(1,932,179) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 614.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 614.45 Td (429,973) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 602.45 Td (Stock-based compensation) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 602.45 Td (14,995) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 602.45 Td (30,604) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 602.45 Td (30,513) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 590.45 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 590.45 Td (127,944) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 590.45 Td (\(147,999) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 590.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 590.45 Td (\(555,255) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 590.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 578.45 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 578.45 Td (84,181) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 578.45 Td (511,699) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 578.45 Td (1,421) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 566.45 Td (Loss \(gain\) on debt extinguishment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 566.45 Td (\(115,095) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 566.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 566.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 532.30 566.45 Td (113,908) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 554.45 Td (Debt issuance costs and discounts) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 554.45 Td (17,006) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 554.45 Td (9,121) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 554.45 Td (13,476) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 542.45 Td (Other, net) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 542.45 Td (\(2,161) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 542.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 542.45 Td (343) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 542.45 Td (6,311) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 58.00 530.45 Td (Changes in assets and liabilities, net of effects from acquisitions) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 530.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 530.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 530.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 518.45 Td (Accrued production receivable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 518.45 Td (\(24,290) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 518.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 518.45 Td (81,213) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 518.45 Td (80,285) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 506.45 Td (Trade and other receivables) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 506.45 Td (35,923) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 506.45 Td (67,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 506.45 Td (\(78,469) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 506.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 494.45 Td (Other current and long-term assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 494.45 Td (\(8,661) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 494.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 494.45 Td (241) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 494.45 Td (3,174) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 482.45 Td (Accounts payable and accrued liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 482.45 Td (\(34,240) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 482.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 482.45 Td (\(55,234) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 482.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 546.30 482.45 Td (501) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 470.45 Td (Oil and natural gas production payable) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 470.45 Td (\(6,752) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 470.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 470.45 Td (\(40,833) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 470.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 470.45 Td (\(46,506) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 470.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 458.45 Td (Other liabilities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 458.45 Td (\(7,029) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 458.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 458.45 Td (\(7,043) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 458.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 458.45 Td (\(4,970) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 458.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 446.58 Td (Net cash provided by operating activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 394.30 446.45 Td (219,223) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.30 446.45 Td (864,304) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 446.45 Td (1,222,825) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 422.58 Td (Cash flows from investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 422.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 422.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 422.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 410.45 Td (Oil and natural gas capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 410.45 Td (\(243,027) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 410.45 Td (\(476,398) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 410.45 Td (\(946,846) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 410.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 398.45 Td (Acquisitions of oil and natural gas properties) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 398.45 Td (\(1,310) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 398.45 Td (\(21,876) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 398.45 Td (\(8,773) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 398.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 386.45 Td (CO) Tj ET Q BT /F1 8.00 Tf ET BT /F1 5.20 Tf ET q 0 0 0 rg BT 75.11 385.31 Td (2) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 77.71 386.45 Td ( capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 386.45 Td (\(2,321) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 386.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 386.45 Td (\(26,301) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 386.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 386.45 Td (\(48,134) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 386.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 374.45 Td (Pipelines and plants capital expenditures) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 374.45 Td (\(2,666) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 374.45 Td (\(31,728) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 374.45 Td (\(72,151) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 374.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 362.45 Td (Purchases of other assets) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 362.45 Td (\(3,586) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 362.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 362.45 Td (\(5,492) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 362.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 362.45 Td (\(3,197) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 362.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 350.45 Td (Net proceeds from sales of oil and natural gas properties and equipment) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 398.30 350.45 Td (47,725) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 477.30 350.45 Td (563) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 540.30 350.45 Td (3,453) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 338.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 338.45 Td (\(232) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 338.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 467.30 338.45 Td (11,047) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 537.60 338.45 Td (\(1,107) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 338.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 326.58 Td (Net cash used in investing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 391.60 326.45 Td (\(205,417) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 326.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 326.45 Td (\(550,185) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 326.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 326.45 Td (\(1,076,755) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 326.45 Td (\)) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 302.58 Td (Cash flows from financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.00 302.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.00 302.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.00 302.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 290.45 Td (Bank repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 385.60 290.45 Td (\(1,730,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 290.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 454.60 290.45 Td (\(1,862,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 290.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 523.60 290.45 Td (\(2,609,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 290.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 278.45 Td (Bank borrowings) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 388.30 278.45 Td (1,856,500) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 457.30 278.45 Td (1,642,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 278.45 Td (2,664,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 266.45 Td (Interest payments on senior secured notes treated as a reduction of debt) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 266.45 Td (\(25,835) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 266.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 266.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 550.30 266.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 254.45 Td (Repayment or repurchases of senior subordinated notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 254.45 Td (\(76,708) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 474.60 254.45 Td (\(485) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 254.45 Td (\(997,345) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 254.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 242.45 Td (Premium paid on repayment of senior subordinated notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 242.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 242.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 242.45 Td (\(101,342) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 242.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 230.45 Td (Proceeds from issuance of senior subordinated notes) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 230.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 481.30 230.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 526.30 230.45 Td (1,250,000) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 218.45 Td (Costs of debt financing) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 399.60 218.45 Td (\(9,574) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 218.45 Td (\(1,668) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 218.45 Td (\(24,407) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 218.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 206.45 Td (Common stock repurchase program) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 412.30 206.45 Td () Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 206.45 Td (\(11,759) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 206.45 Td (\(211,356) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 206.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 194.45 Td (Pipeline financing and capital lease debt repayments) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 194.45 Td (\(28,849) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 194.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 194.45 Td (\(33,642) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 194.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 194.45 Td (\(33,381) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 194.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 182.45 Td (Cash dividends paid) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 405.60 182.45 Td (\(486) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 182.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 464.60 182.45 Td (\(65,426) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 182.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 533.60 182.45 Td (\(87,044) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 558.30 182.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 64.00 170.45 Td (Other) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 408.30 170.45 Td (440) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 468.60 170.45 Td (\(1,480) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 170.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 170.45 Td (14,771) Tj ET Q BT /F2 8.00 Tf ET q 0 0 0 rg BT 52.00 158.58 Td (Net cash used in financing activities) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 395.60 158.45 Td (\(15,012) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 420.30 158.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 460.60 158.45 Td (\(334,460) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 489.30 158.45 Td (\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 529.60 158.45 Td (\(135,104) Tj ET Q BT /F1 8.00 Tf 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(1,606) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 430.00 122.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 471.30 122.45 Td (2,812) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 499.00 122.45 Td ($) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 536.30 122.45 Td (23,153) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 95.00 Td (See accompanying Notes to Consolidated Financial Statements.) 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/GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 371.50 50.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 371.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 371.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 340.50 94.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 340.50 50.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 340.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 340.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 316.50 94.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 316.50 50.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 316.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 316.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 285.50 94.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 285.50 50.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 285.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 285.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 247.50 94.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 247.50 50.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 247.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 247.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 223.50 94.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 223.50 50.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 223.50 4.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 223.50 48.00 -19.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 192.50 94.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 144.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 148.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 196.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 200.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 248.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 252.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 300.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 304.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 352.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 192.50 50.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 406.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 410.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 458.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 462.00 192.50 48.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 510.00 192.50 4.00 -12.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 514.00 192.50 48.00 -12.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 700.5 m 196 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 196 700.5 m 200 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 700.5 m 248 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 700.5 m 458 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458 700.5 m 462 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 700.5 m 510 700.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 688.5 m 196 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 688.5 m 248 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 514.5 m 248 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 514.5 m 300 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 514.5 m 352 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 514.5 m 406 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 514.5 m 458 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 514.5 m 510 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 514.5 m 196 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 502.5 m 196 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 514.5 m 248 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 502.5 m 248 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 514.5 m 300 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 502.5 m 300 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 514.5 m 352 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 502.5 m 352 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 514.5 m 406 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 502.5 m 406 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 514.5 m 458 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 502.5 m 458 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 514.5 m 510 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 502.5 m 510 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 514.5 m 562 514.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 502.5 m 562 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 502.5 m 196 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 502.5 m 248 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 502.5 m 300 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 502.5 m 352 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 502.5 m 406 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 502.5 m 458 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 502.5 m 510 502.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 316.5 m 196 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 316.5 m 248 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 316.5 m 300 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 316.5 m 352 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 316.5 m 406 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 316.5 m 458 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 316.5 m 510 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 316.5 m 562 316.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 304.5 m 562 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 304.5 m 196 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 304.5 m 248 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 304.5 m 300 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 304.5 m 352 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 304.5 m 406 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 304.5 m 458 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 304.5 m 510 304.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 180.5 m 352 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 180.5 m 196 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 169.5 m 196 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 148 167.5 m 196 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 180.5 m 248 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 169.5 m 248 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 200 167.5 m 248 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 180.5 m 300 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 169.5 m 300 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 252 167.5 m 300 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 180.5 m 352 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 169.5 m 352 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 304 167.5 m 352 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 180.5 m 406 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 169.5 m 406 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356 167.5 m 406 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 180.5 m 458 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 169.5 m 458 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 410 167.5 m 458 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 180.5 m 510 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 169.5 m 510 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 462 167.5 m 510 167.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 180.5 m 562 180.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 169.5 m 562 169.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 514 167.5 m 562 167.5 l s BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 692.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 175.60 711.55 Td (Common Stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 172.95 704.55 Td (\($.001 Par ) Tj ET Q q 0 0 0 rg BT 203.74 704.55 Td (V) Tj ET Q q 0 0 0 rg BT 208.01 704.55 Td (alue\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 265.15 712.15 Td (Paid-In) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.75 705.15 Td (Capital in) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 261.95 698.15 Td (Excess of) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 270.80 691.15 Td (Par) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 315.05 712.15 Td (Retained) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 315.05 705.15 Td (Earnings ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 307.65 698.15 Td (\(Accumulated ) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 316.60 691.15 Td (Deficit\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 361.80 712.15 Td (Accumulated) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 372.50 705.15 Td (Other) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.50 698.15 Td (Comprehensive) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 360.15 691.15 Td (Income \(Loss\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 438.30 711.55 Td (T) Tj ET Q q 0 0 0 rg BT 442.33 711.55 Td (reasury Stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 448.10 704.55 Td (\(at cost\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 520.15 692.55 Td (Total Equity) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 162.15 692.55 Td (Shares) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 212.00 692.55 Td (Amount) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 424.15 692.55 Td (Shares) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 474.00 692.55 Td (Amount) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 680.56 Td (Balance December 31, 2013) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 680.55 Td (409,215,573) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 680.55 Td (409) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 254.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 680.55 Td (3,186,714) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 321.15 680.55 Td (2,844,432) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 390.30 680.60 Td (\(276) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.15 680.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.60 680.55 Td (46,710,896) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.05 680.60 Td (\(729,873) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 680.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.50 680.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.15 680.55 Td (5,301,406) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 668.55 Td (Stock Repurchase Program) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 668.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 668.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 668.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 668.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 668.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.60 668.55 Td (12,398,017) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.05 668.60 Td (\(200,369) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 668.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 534.05 668.60 Td (\(200,369) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 668.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 656.55 Td (Issued or purchased pursuant) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 649.55 Td (to stock compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.15 649.55 Td (2,541,809) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 649.55 Td (3) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 281.40 649.55 Td (7,020) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 649.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 649.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 649.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 649.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.40 649.55 Td (7,023) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 637.55 Td (Issued pursuant to employee) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 630.55 Td (stock purchase plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 630.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 630.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 279.05 630.55 Td (\(3,272) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 630.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 630.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 630.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 423.80 630.60 Td (\(1,247,156) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 630.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 487.90 630.55 Td (19,630) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 630.55 Td (16,358) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 618.55 Td (Issued pursuant to directors) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 611.55 Td (compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 173.90 611.55 Td (22,529) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 611.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.65 611.55 Td (412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 611.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 611.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 611.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 611.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.65 611.55 Td (412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 599.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 599.55 Td (39,532) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 599.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 599.55 Td (39,532) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 587.55 Td (Income tax benefit from equity) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 580.55 Td (awards) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 580.55 Td (12) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 580.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 580.55 Td (12) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 568.55 Td (Tax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 561.55 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 561.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 561.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 561.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 561.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 561.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 561.55 Td (553,750) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 561.60 Td (\(8,618) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 561.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 561.60 Td (\(8,618) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 561.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 549.55 Td (Derivative contracts, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 549.55 Td (67) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 549.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 549.55 Td (67) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 537.55 Td (Cash dividends declared) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 530.55 Td (\($0.25 per common share\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 327.55 530.60 Td (\(87,458) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 530.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 530.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.55 530.60 Td (\(87,458) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 530.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 518.55 Td (Net income) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 326.40 518.55 Td (635,491) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 518.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 518.55 Td (635,491) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 506.56 Td (Balance December 31, 2014) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 506.55 Td (411,779,911) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 506.55 Td (412) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 506.55 Td (3,230,418) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 321.15 506.55 Td (3,392,465) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 390.30 506.60 Td (\(209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 403.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 422.60 506.55 Td (58,415,507) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 482.05 506.60 Td (\(919,230) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 506.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.15 506.55 Td (5,703,856) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 494.55 Td (Stock Repurchase Program) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 494.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 494.55 Td (4,424,702) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 494.60 Td (\(11,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 494.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.55 494.60 Td (\(11,759) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 494.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 482.55 Td (Issued or purchased pursuant) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 475.55 Td (to stock compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.15 475.55 Td (3,900,127) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 475.55 Td (5) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.65 475.55 Td (562) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 475.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 475.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 475.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 475.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.65 475.55 Td (567) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 463.55 Td (Issued pursuant to employee) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 456.55 Td (stock purchase plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 456.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 456.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 279.05 456.55 Td (\(2,867) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 456.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 456.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 456.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 429.05 456.60 Td (\(353,480) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 456.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 491.40 456.55 Td (5,534) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 543.40 456.55 Td (2,667) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 444.55 Td (Issued pursuant to directors) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 437.55 Td (compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 170.40 437.55 Td (292,407) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 437.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 286.65 437.55 Td (398) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 437.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 437.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 437.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 437.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.65 437.55 Td (398) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 425.55 Td (Share correction) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 162.80 425.55 Td (\(1,430,819) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.15 425.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 239.30 425.55 Td (\(2) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 245.15 425.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 275.55 425.55 Td (\(22,076) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 425.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 425.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 425.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 425.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 425.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.55 425.60 Td (\(22,078) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 425.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 413.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 413.55 Td (39,285) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 413.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 413.55 Td (39,285) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 401.55 Td (Income tax shortfall from) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 394.55 Td (equity awards) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 279.05 394.55 Td (\(8,102) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 394.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 394.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 394.60 Td (\(8,102) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 394.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 382.55 Td (Tax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 375.55 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 375.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 375.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 375.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 375.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 375.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 375.55 Td (637,582) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 375.60 Td (\(4,712) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 375.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 375.60 Td (\(4,712) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 375.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 363.55 Td (Derivative contracts, net) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 392.65 363.55 Td (209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 363.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 548.65 363.55 Td (209) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 351.55 Td (Cash dividends declared) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 344.55 Td (\($0.1875 per common share\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 327.55 344.60 Td (\(65,971) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 344.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 344.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 537.55 344.60 Td (\(65,971) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 344.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 332.55 Td (Retirement of treasury stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 159.30 332.55 Td (\(60,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 193.15 332.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 235.80 332.55 Td (\(60) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 245.15 332.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 272.05 332.55 Td (\(884,069) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 332.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 332.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 332.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 420.30 332.60 Td (\(60,000,000) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 454.15 332.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 484.40 332.55 Td (884,129) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 332.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 320.55 Td (Net loss) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 320.60 Td (\(4,385,448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 320.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 320.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 528.80 320.60 Td (\(4,385,448) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 320.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 308.56 Td (Balance December 31, 2015) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 308.55 Td (354,541,626) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 308.55 Td (355) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 308.55 Td (2,353,549) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 308.60 Td (\(1,058,954) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 308.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 308.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 308.55 Td (3,124,311) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 308.60 Td (\(46,038) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 308.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 531.15 308.55 Td (1,248,912) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 296.55 Td (Cumulative effect of) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 289.55 Td (accounting change) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 289.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 289.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 284.30 289.55 Td (\(415) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 289.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 329.90 289.55 Td (16,072) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 289.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 289.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 289.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 289.55 Td (15,657) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 277.55 Td (Issued or purchased pursuant) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 270.55 Td (to stock compensation plans) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 165.15 270.55 Td (7,031,767) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 241.65 270.55 Td (7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 291.30 270.55 Td (\(7) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 297.15 270.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 270.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 270.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 270.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 270.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 270.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 258.55 Td (Issued pursuant to directors) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 251.55 Td (compensation plan) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 173.90 251.55 Td (31,930) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 251.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 251.55 Td (50) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 251.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 251.55 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 444.15 252.17 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 251.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 251.55 Td (50) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 239.55 Td (Issued as part of debt exchange) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 161.60 239.55 Td (40,729,332) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 239.55 Td (40) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 274.40 239.55 Td (160,451) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 239.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 239.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 239.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 239.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 239.55 Td (160,491) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 227.55 Td (Stock-based compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 277.90 227.55 Td (21,042) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 227.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 539.90 227.55 Td (21,042) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 215.55 Td (Tax withholding stock) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 208.55 Td (compensation) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 208.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 208.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 208.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 208.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 208.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 431.40 208.55 Td (782,566) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 489.05 208.60 Td (\(1,597) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 208.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 541.05 208.60 Td (\(1,597) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 208.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 196.55 Td (Dividends adjustments) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 342.15 196.55 Td (70) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 196.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 552.15 196.55 Td (70) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 52.50 184.55 Td (Net loss) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 186.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 238.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 290.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 324.05 184.60 Td (\(976,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 184.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 447.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 500.15 184.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 534.05 184.60 Td (\(976,177) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 559.15 184.55 Td (\)) Tj ET Q BT /F2 7.00 Tf ET q 0 0 0 rg BT 52.50 172.56 Td (Balance December 31, 2016) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 158.10 172.55 Td (402,334,655) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 202.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 234.65 172.55 Td (402) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 254.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 269.15 172.55 Td (2,534,670) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 306.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 318.80 172.60 Td (\(2,018,989) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 349.15 172.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 358.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 396.15 172.55 Td () Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 426.15 172.55 Td (3,906,877) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 464.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 485.55 172.60 Td (\(47,635) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 507.15 172.55 Td (\)) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 516.50 172.55 Td ($) Tj ET Q BT /F1 7.00 Tf ET q 0 0 0 rg BT 536.40 172.55 Td (468,448) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.10 145.00 Td (See accompanying Notes to Consolidated Financial Statements.) Tj ET Q endstream endobj 145 0 obj <> endobj 146 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (72) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Note 1. Significant ) Tj ET Q q 0 0 0 rg BT 130.06 701.10 Td (Accounting Policies) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (Organization and Natur) Tj ET Q q 0 0 0 rg BT 152.66 677.10 Td (e of Operations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 105.06 653.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 148.74 653.10 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 169.08 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.09 653.10 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 216.98 653.10 Td (corporation, ) Tj ET Q q 0 0 0 rg BT 268.14 653.10 Td (is ) Tj ET Q q 0 0 0 rg BT 277.39 653.10 Td (an ) Tj ET Q q 0 0 0 rg BT 289.40 653.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 340.85 653.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 353.98 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.99 653.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 401.33 653.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 417.24 653.10 Td (company ) Tj ET Q q 0 0 0 rg BT 456.47 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 476.82 653.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 521.05 653.10 Td (focused ) Tj ET Q q 0 0 0 rg BT 554.72 653.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (two ) Tj ET Q q 0 0 0 rg BT 66.83 641.10 Td (key ) Tj ET Q q 0 0 0 rg BT 83.59 641.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 123.68 641.10 Td (areas: ) Tj ET Q q 0 0 0 rg BT 149.32 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.87 641.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 184.52 641.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 209.63 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.39 641.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 254.83 641.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 296.04 641.10 Td (regions. ) Tj ET Q q 0 0 0 rg BT 330.31 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 332.63 641.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 350.51 641.10 Td (goal ) Tj ET Q q 0 0 0 rg BT 370.06 641.10 Td (is ) Tj ET Q q 0 0 0 rg BT 379.05 641.10 Td (to ) Tj ET Q q 0 0 0 rg BT 389.16 641.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 424.24 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.78 641.10 Td (value ) Tj ET Q q 0 0 0 rg BT 462.76 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 473.42 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 489.08 641.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 531.39 641.10 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.18 629.10 Td (combination ) Tj ET Q q 0 0 0 rg BT 108.42 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.99 629.10 Td (exploitation, ) Tj ET Q q 0 0 0 rg BT 171.51 629.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 203.20 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.88 629.10 Td (proven ) Tj ET Q q 0 0 0 rg BT 249.89 629.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 299.34 629.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 341.57 629.10 Td (practices, ) Tj ET Q q 0 0 0 rg BT 381.84 629.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.87 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.33 629.10 Td (most ) Tj ET Q q 0 0 0 rg BT 438.02 629.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 482.48 629.10 Td (emphasis ) Tj ET Q q 0 0 0 rg BT 521.94 629.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 554.73 629.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 615.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 69.14 617.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 109.40 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 122.45 617.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 159.93 617.10 Td (operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Principles ) Tj ET Q q 0 0 0 rg BT 94.77 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.60 593.10 Td (Reporting ) Tj ET Q q 0 0 0 rg BT 151.43 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 170.06 593.10 Td (Consolidation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.05 569.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 137.59 569.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 174.57 569.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 218.79 569.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 245.77 569.10 Td (have ) Tj ET Q q 0 0 0 rg BT 266.65 569.10 Td (been ) Tj ET Q q 0 0 0 rg BT 287.53 569.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 324.50 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.28 569.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 381.25 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.02 569.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 446.90 569.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 488.33 569.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 527.54 569.10 Td (accepted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.30 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.54 557.10 Td (United ) Tj ET Q q 0 0 0 rg BT 108.79 557.10 Td (States ) Tj ET Q q 0 0 0 rg BT 136.70 557.10 Td (\(GAAP\) ) Tj ET Q q 0 0 0 rg BT 183.48 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 201.95 557.10 Td (include ) Tj ET Q q 0 0 0 rg BT 235.41 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.65 557.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 290.66 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.01 557.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 342.03 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 360.49 557.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 393.39 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 405.20 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 433.66 557.10 Td (we ) Tj ET Q q 0 0 0 rg BT 449.34 557.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 471.15 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 479.61 557.10 Td (controlling ) Tj ET Q q 0 0 0 rg BT 527.52 557.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (interest.Undivided ) Tj ET Q q 0 0 0 rg BT 131.45 545.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 167.58 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 178.16 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 191.52 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 208.76 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 224.89 545.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 246.03 545.10 Td (ventures ) Tj ET Q q 0 0 0 rg BT 282.71 545.10 Td (are ) Tj ET Q q 0 0 0 rg BT 297.71 545.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 351.06 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 363.86 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.10 545.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 427.77 545.10 Td (basis.) Tj ET Q q 0 0 0 rg BT 454.72 545.10 Td (All ) Tj ET Q q 0 0 0 rg BT 470.30 545.10 Td (intercompany ) Tj ET Q q 0 0 0 rg BT 528.08 545.10 Td (balances ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 533.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 116.70 533.10 Td (have ) Tj ET Q q 0 0 0 rg BT 138.08 533.10 Td (been ) Tj ET Q q 0 0 0 rg BT 159.46 533.10 Td (eliminated.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Use of Estimates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.56 485.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 133.61 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.46 485.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.95 485.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.68 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.98 485.10 Td (conformity ) Tj ET Q q 0 0 0 rg BT 283.93 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 304.22 485.10 Td (GAAP) Tj ET Q q 0 0 0 rg BT 331.08 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.59 485.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 368.32 485.10 Td (management ) Tj ET Q q 0 0 0 rg BT 421.92 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.21 485.10 Td (make ) Tj ET Q q 0 0 0 rg BT 456.39 485.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 496.11 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.07 485.10 Td (assumptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.70 473.10 Td (af) Tj ET Q q 0 0 0 rg BT 75.29 473.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 93.49 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 108.91 473.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 145.44 473.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 178.64 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.18 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 220.59 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 247.13 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.78 473.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 307.71 473.10 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 351.46 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 363.00 473.10 Td (contingent ) Tj ET Q q 0 0 0 rg BT 408.43 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 434.96 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.61 473.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 493.04 473.10 Td (at ) Tj ET Q q 0 0 0 rg BT 503.47 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.89 473.10 Td (date ) Tj ET Q q 0 0 0 rg BT 538.76 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 473.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.91 461.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 134.06 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.93 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.58 461.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 201.33 461.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 237.65 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.42 461.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 286.39 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.26 461.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 341.79 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 370.34 461.10 Td (each ) Tj ET Q q 0 0 0 rg BT 391.09 461.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 430.18 461.10 Td (period.Management ) Tj ET Q q 0 0 0 rg BT 517.86 461.10 Td (believes ) Tj ET Q q 0 0 0 rg BT 553.06 461.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 91.02 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.77 449.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 163.52 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 180.04 449.10 Td (reasonable; ) Tj ET Q q 0 0 0 rg BT 229.88 449.10 Td (however) Tj ET Q q 0 0 0 rg BT 263.91 449.10 Td (, ) Tj ET Q q 0 0 0 rg BT 270.72 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 293.36 449.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 334.88 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.62 449.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 407.38 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.90 449.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 456.53 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 468.62 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 477.36 449.10 Td (number ) Tj ET Q q 0 0 0 rg BT 512.22 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.86 449.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 548.06 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 102.24 437.10 Td (that ) Tj ET Q q 0 0 0 rg BT 118.88 437.10 Td (may ) Tj ET Q q 0 0 0 rg BT 137.75 437.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 161.61 437.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 187.13 437.10 Td (results ) Tj ET Q q 0 0 0 rg BT 214.89 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.32 437.10 Td (dif) Tj ET Q q 0 0 0 rg BT 235.25 437.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 248.00 437.10 Td (materially ) Tj ET Q q 0 0 0 rg BT 290.18 437.10 Td (from ) Tj ET Q q 0 0 0 rg BT 311.27 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 331.25 437.10 Td (estimates.Significant ) Tj ET Q q 0 0 0 rg BT 421.50 437.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 460.36 437.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 505.33 437.10 Td (these ) Tj ET Q q 0 0 0 rg BT 527.53 437.10 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 94.13 425.10 Td (include ) Tj ET Q q 0 0 0 rg BT 125.98 425.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 140.06 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.70 425.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 170.99 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 195.07 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.81 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 243.21 425.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 285.61 425.10 Td (instruments; ) Tj ET Q q 0 0 0 rg BT 337.47 425.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 351.55 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.19 425.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 406.93 425.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 448.23 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 458.98 425.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 489.16 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 502.14 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.99 425.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 549.18 425.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.90 413.10 Td (used ) Tj ET Q q 0 0 0 rg BT 105.88 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 116.30 413.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 153.38 413.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 193.24 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.22 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 217.42 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.50 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 264.91 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 280.89 413.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 326.02 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.88 413.10 Td (related ) Tj ET Q q 0 0 0 rg BT 370.73 413.10 Td (present ) Tj ET Q q 0 0 0 rg BT 402.25 413.10 Td (value ) Tj ET Q q 0 0 0 rg BT 426.55 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.53 413.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 478.49 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 505.01 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 519.88 413.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 540.29 413.10 Td (flows ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (therefrom ) Tj ET Q q 0 0 0 rg BT 91.61 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 108.73 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.64 401.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 153.53 401.10 Td (test; ) Tj ET Q q 0 0 0 rg BT 172.88 401.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 187.23 401.10 Td (future ) Tj ET Q q 0 0 0 rg BT 213.79 401.10 Td (net ) Tj ET Q q 0 0 0 rg BT 228.69 401.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 249.15 401.10 Td (flow ) Tj ET Q q 0 0 0 rg BT 270.16 401.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 310.06 401.10 Td (used ) Tj ET Q q 0 0 0 rg BT 331.08 401.10 Td (in ) Tj ET Q q 0 0 0 rg BT 341.54 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 356.44 401.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 405.23 401.10 Td (assessment ) Tj ET Q q 0 0 0 rg BT 452.35 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.37 401.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 507.16 401.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 535.95 401.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 550.30 401.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.10 389.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 131.27 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.88 389.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 171.93 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.65 389.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 225.92 389.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 239.81 387.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.06 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.34 389.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 280.39 389.10 Td (used ) Tj ET Q q 0 0 0 rg BT 301.00 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.06 389.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 347.78 389.10 Td (depletion ) Tj ET Q q 0 0 0 rg BT 387.27 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.88 389.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 411.78 387.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.02 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 417.31 389.10 Td (properties; ) Tj ET Q q 0 0 0 rg BT 462.35 389.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 476.30 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 516.90 389.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 543.62 389.10 Td (lives ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (used ) Tj ET Q q 0 0 0 rg BT 70.42 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 80.80 377.10 Td (compute ) Tj ET Q q 0 0 0 rg BT 117.82 377.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 169.84 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.87 377.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 240.00 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.93 377.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 294.62 377.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 323.33 377.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 337.58 377.10 Td (accruals ) Tj ET Q q 0 0 0 rg BT 372.93 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 402.73 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.10 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 426.25 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.28 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.64 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 489.56 377.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 511.60 377.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 548.08 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 88.92 365.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 116.95 365.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 169.42 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.24 365.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 206.60 365.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 245.75 365.10 Td (expenses; ) Tj ET Q q 0 0 0 rg BT 286.00 365.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 299.04 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.64 365.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 352.34 365.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 373.72 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 389.53 365.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 417.03 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.74 365.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.99 365.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 472.81 365.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 515.28 365.10 Td (obligations; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 64.04 353.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 104.14 353.10 Td (made ) Tj ET Q q 0 0 0 rg BT 128.67 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 139.33 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 154.43 353.10 Td (calculation ) Tj ET Q q 0 0 0 rg BT 201.18 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.40 353.10 Td (income ) Tj ET Q q 0 0 0 rg BT 244.71 353.10 Td (taxes; ) Tj ET Q q 0 0 0 rg BT 270.92 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 288.24 353.10 Td (\(9\) ) Tj ET Q q 0 0 0 rg BT 302.78 353.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 342.88 353.10 Td (made ) Tj ET Q q 0 0 0 rg BT 367.41 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.08 353.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 429.28 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.38 353.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 461.14 353.10 Td (values ) Tj ET Q q 0 0 0 rg BT 489.57 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.11 353.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 542.53 353.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (allocations, ) Tj ET Q q 0 0 0 rg BT 96.72 341.10 Td (including ) Tj ET Q q 0 0 0 rg BT 135.89 341.10 Td (goodwill.) Tj ET Q q 0 0 0 rg BT 178.77 341.10 Td (While ) Tj ET Q q 0 0 0 rg BT 204.60 341.10 Td (management ) Tj ET Q q 0 0 0 rg BT 257.09 341.10 Td (is ) Tj ET Q q 0 0 0 rg BT 265.16 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 279.34 341.10 Td (aware ) Tj ET Q q 0 0 0 rg BT 304.61 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.34 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 330.18 341.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 373.79 341.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 411.30 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 420.48 341.10 Td (any ) Tj ET Q q 0 0 0 rg BT 436.32 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.05 341.10 Td (its ) Tj ET Q q 0 0 0 rg BT 456.90 341.10 Td (current ) Tj ET Q q 0 0 0 rg BT 486.61 341.10 Td (year) Tj ET Q q 0 0 0 rg BT 503.62 341.10 Td (-end ) Tj ET Q q 0 0 0 rg BT 522.79 341.10 Td (estimates, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (there ) Tj ET Q q 0 0 0 rg BT 71.18 329.10 Td (will ) Tj ET Q q 0 0 0 rg BT 88.43 329.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 112.90 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 124.04 329.10 Td (future ) Tj ET Q q 0 0 0 rg BT 149.61 329.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 187.41 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.89 329.10 Td (its ) Tj ET Q q 0 0 0 rg BT 208.03 329.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 246.94 329.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 283.63 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 304.77 329.10 Td (matters ) Tj ET Q q 0 0 0 rg BT 335.89 329.10 Td (such ) Tj ET Q q 0 0 0 rg BT 355.92 329.10 Td (as ) Tj ET Q q 0 0 0 rg BT 365.95 329.10 Td (revisions ) Tj ET Q q 0 0 0 rg BT 403.75 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 413.22 329.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 453.24 329.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 465.49 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.63 329.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 511.09 329.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 526.11 329.10 Td (volumes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 84.54 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 95.16 317.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 139.65 317.10 Td (interests, ) Tj ET Q q 0 0 0 rg BT 178.31 317.10 Td (payouts, ) Tj ET Q q 0 0 0 rg BT 214.76 317.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 235.93 317.10 Td (venture ) Tj ET Q q 0 0 0 rg BT 268.75 317.10 Td (audits, ) Tj ET Q q 0 0 0 rg BT 297.97 317.10 Td (re-allocations ) Tj ET Q q 0 0 0 rg BT 355.23 317.10 Td (by ) Tj ET Q q 0 0 0 rg BT 368.06 317.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 413.66 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 424.83 317.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 466.26 317.10 Td (or ) Tj ET Q q 0 0 0 rg BT 477.43 317.10 Td (other ) Tj ET Q q 0 0 0 rg BT 500.81 317.10 Td (corrections ) Tj ET Q q 0 0 0 rg BT 548.07 317.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 99.08 305.10 Td (common ) Tj ET Q q 0 0 0 rg BT 135.87 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 145.45 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.47 305.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 171.83 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 188.07 305.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 217.63 305.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 232.77 305.10 Td (industry) Tj ET Q q 0 0 0 rg BT 264.90 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 269.20 305.10 Td (many ) Tj ET Q q 0 0 0 rg BT 293.22 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.35 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 329.59 305.10 Td (require ) Tj ET Q q 0 0 0 rg BT 359.71 305.10 Td (retroactive ) Tj ET Q q 0 0 0 rg BT 404.26 305.10 Td (application.) Tj ET Q q 0 0 0 rg BT 456.00 305.10 Td (These ) Tj ET Q q 0 0 0 rg BT 481.68 305.10 Td (types ) Tj ET Q q 0 0 0 rg BT 504.59 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.72 305.10 Td (adjustments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (cannot ) Tj ET Q q 0 0 0 rg BT 78.66 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 90.59 293.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 129.19 293.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 170.01 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 186.95 293.10 Td (will ) Tj ET Q q 0 0 0 rg BT 205.00 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 216.94 293.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 254.42 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 264.70 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.41 293.10 Td (period ) Tj ET Q q 0 0 0 rg BT 307.46 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 317.74 293.10 Td (which ) Tj ET Q q 0 0 0 rg BT 344.68 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.39 293.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 405.77 293.10 Td (occurs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 434.37 293.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (Reclassifications) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.10 Td (Certain ) Tj ET Q q 0 0 0 rg BT 98.90 245.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 120.31 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 147.83 245.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 183.69 245.10 Td (have ) Tj ET Q q 0 0 0 rg BT 204.53 245.10 Td (been ) Tj ET Q q 0 0 0 rg BT 225.38 245.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 272.88 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 282.63 245.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 318.48 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.23 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.41 245.10 Td (current ) Tj ET Q q 0 0 0 rg BT 372.70 245.10 Td (year ) Tj ET Q q 0 0 0 rg BT 391.88 245.10 Td (presentation. ) Tj ET Q q 0 0 0 rg BT 445.22 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 447.19 245.10 Td (On ) Tj ET Q q 0 0 0 rg BT 461.38 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.57 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.31 245.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 80.21 233.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 93.98 233.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 113.30 233.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 149.28 233.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 171.38 233.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 214.58 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 234.47 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.90 233.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 276.44 233.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 330.20 233.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 353.42 233.10 Td (have ) Tj ET Q q 0 0 0 rg BT 374.40 233.10 Td (been ) Tj ET Q q 0 0 0 rg BT 395.38 233.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 443.02 233.10 Td (from ) Tj ET Q q 0 0 0 rg BT 464.56 233.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 493.87 233.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 523.74 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 533.63 233.10 Td (Long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (term ) Tj ET Q q 0 0 0 rg BT 70.46 221.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 92.81 221.10 Td (net ) Tj ET Q q 0 0 0 rg BT 107.66 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.63 221.10 Td (current ) Tj ET Q q 0 0 0 rg BT 149.58 221.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 185.54 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 202.61 221.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 216.90 221.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 252.84 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 267.69 221.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 293.66 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 315.17 221.10 Td (been ) Tj ET Q q 0 0 0 rg BT 336.68 221.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 384.85 221.10 Td (from ) Tj ET Q q 0 0 0 rg BT 406.92 221.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 449.52 221.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 464.37 221.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 492.83 221.10 Td (net ) Tj ET Q q 0 0 0 rg BT 512.12 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.54 221.10 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.02 209.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 106.04 209.10 Td (net. ) Tj ET Q q 0 0 0 rg BT 127.49 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.79 209.10 Td (Such ) Tj ET Q q 0 0 0 rg BT 152.10 209.10 Td (reclassifications ) Tj ET Q q 0 0 0 rg BT 218.82 209.10 Td (were ) Tj ET Q q 0 0 0 rg BT 240.55 209.10 Td (made ) Tj ET Q q 0 0 0 rg BT 264.50 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.13 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 281.87 209.10 Td (result ) Tj ET Q q 0 0 0 rg BT 306.39 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.02 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 332.65 209.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 369.95 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.58 209.10 Td (new ) Tj ET Q q 0 0 0 rg BT 399.54 209.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 445.72 209.10 Td (pronouncements ) Tj ET Q q 0 0 0 rg BT 514.11 209.10 Td (described ) Tj ET Q q 0 0 0 rg BT 554.73 209.10 Td (in ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 78.73 197.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 126.46 197.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 136.09 197.10 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 195.49 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.68 197.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 239.13 197.10 Td (Adopted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.45 197.10 Td ( ) Tj ET Q q 0 0 0 rg BT 274.64 197.10 Td (below ) Tj ET Q q 0 0 0 rg BT 301.27 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.90 197.10 Td (had ) Tj ET Q q 0 0 0 rg BT 334.52 197.10 Td (no ) Tj ET Q q 0 0 0 rg BT 346.71 197.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 376.11 197.10 Td (on ) Tj ET Q q 0 0 0 rg BT 388.30 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 403.82 197.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 448.23 197.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 483.73 197.10 Td (net ) Tj ET Q q 0 0 0 rg BT 498.14 197.10 Td (income ) Tj ET Q q 0 0 0 rg BT 529.76 197.10 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 554.17 197.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 69.77 185.10 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 73.67 161.10 Td (Equivalents) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 137.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 137.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.99 137.10 Td (consider ) Tj ET Q q 0 0 0 rg BT 119.29 137.10 Td (all ) Tj ET Q q 0 0 0 rg BT 131.70 137.10 Td (highly ) Tj ET Q q 0 0 0 rg BT 159.67 137.10 Td (liquid ) Tj ET Q q 0 0 0 rg BT 185.42 137.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 235.62 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.81 137.10 Td (be ) Tj ET Q q 0 0 0 rg BT 257.67 137.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 277.85 137.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 325.81 137.10 Td (if ) Tj ET Q q 0 0 0 rg BT 334.34 137.10 Td (they ) Tj ET Q q 0 0 0 rg BT 353.97 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 375.26 137.10 Td (maturities ) Tj ET Q q 0 0 0 rg BT 417.67 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.42 137.10 Td (three ) Tj ET Q q 0 0 0 rg BT 450.82 137.10 Td (months ) Tj ET Q q 0 0 0 rg BT 482.69 137.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.43 137.10 Td (less ) Tj ET Q q 0 0 0 rg BT 510.85 137.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.48 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.12 137.10 Td (date ) Tj ET Q q 0 0 0 rg BT 554.19 137.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (purchase.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (Oil and Natural Gas Pr) Tj ET Q q 0 0 0 rg BT 149.32 101.10 Td (operties) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 77.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 119.02 77.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.85 77.10 Td () Tj ET Q q 0 0 0 rg BT 149.67 77.10 Td (W) Tj ET Q q 0 0 0 rg BT 158.31 77.10 Td (e ) Tj ET Q q 0 0 0 rg BT 165.38 77.10 Td (follow ) Tj ET Q q 0 0 0 rg BT 194.11 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.96 77.10 Td (full ) Tj ET Q q 0 0 0 rg BT 225.48 77.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 244.21 77.10 Td (method ) Tj ET Q q 0 0 0 rg BT 276.84 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.80 77.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 334.30 77.10 Td (for ) Tj ET Q q 0 0 0 rg BT 348.59 77.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 361.77 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.84 77.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 409.24 77.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 425.20 77.10 Td (properties.Under ) Tj ET Q q 0 0 0 rg BT 500.30 77.10 Td (this ) Tj ET Q q 0 0 0 rg BT 517.38 77.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 552.50 77.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.02 65.10 Td (related ) Tj ET Q q 0 0 0 rg BT 101.75 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 112.05 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 126.79 65.10 Td (acquisition, ) Tj ET Q q 0 0 0 rg BT 175.69 65.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 223.75 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.71 65.10 Td (development ) Tj ET Q q 0 0 0 rg BT 294.89 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 305.74 65.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 318.82 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.78 65.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 366.06 65.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.91 65.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 417.20 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 431.92 65.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 477.75 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 65.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 547.76 65.10 Td (in ) Tj ET Q q 0 0 0 rg BT 558.06 65.10 Td (a ) Tj ET Q endstream endobj 147 0 obj <> endobj 148 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (73) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (single ) Tj ET Q q 0 0 0 rg BT 76.67 713.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 96.07 713.10 Td (center ) Tj ET Q q 0 0 0 rg BT 123.78 713.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 176.49 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 193.11 713.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 235.00 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 262.72 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.22 713.10 Td (undertaken ) Tj ET Q q 0 0 0 rg BT 325.93 713.10 Td (exclusively ) Tj ET Q q 0 0 0 rg BT 374.76 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 385.82 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.33 713.10 Td (United ) Tj ET Q q 0 0 0 rg BT 431.83 713.10 Td (States.Such ) Tj ET Q q 0 0 0 rg BT 486.51 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 509.80 713.10 Td (include ) Tj ET Q q 0 0 0 rg BT 542.52 713.10 Td (lease ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 94.76 701.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 118.63 701.10 Td (geological ) Tj ET Q q 0 0 0 rg BT 161.66 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.47 701.10 Td (geophysical ) Tj ET Q q 0 0 0 rg BT 226.61 701.10 Td (expenditures, ) Tj ET Q q 0 0 0 rg BT 281.58 701.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 302.95 701.10 Td (rentals ) Tj ET Q q 0 0 0 rg BT 330.98 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 342.35 701.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 394.82 701.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 438.68 701.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 460.06 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 469.77 701.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 500.58 701.10 Td (both ) Tj ET Q q 0 0 0 rg BT 519.74 701.10 Td (productive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.74 689.10 Td (nonproductive ) Tj ET Q q 0 0 0 rg BT 127.31 689.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 153.72 689.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 199.83 689.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 232.07 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 244.88 689.10 Td (qualifying ) Tj ET Q q 0 0 0 rg BT 288.78 689.10 Td (projects, ) Tj ET Q q 0 0 0 rg BT 325.74 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.98 689.10 Td (general ) Tj ET Q q 0 0 0 rg BT 375.21 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.46 689.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 452.47 689.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 491.37 689.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 524.72 689.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.72 689.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 97.45 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 114.30 677.10 Td (development ) Tj ET Q q 0 0 0 rg BT 168.36 677.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 209.37 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 226.22 677.10 Td (do ) Tj ET Q q 0 0 0 rg BT 238.63 677.10 Td (not ) Tj ET Q q 0 0 0 rg BT 253.81 677.10 Td (include ) Tj ET Q q 0 0 0 rg BT 285.66 677.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.51 677.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 324.92 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 354.53 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.71 677.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 412.95 677.10 Td (general ) Tj ET Q q 0 0 0 rg BT 444.78 677.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 484.95 677.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 524.00 677.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.74 677.10 Td (similar ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (activities.) Tj ET Q q 0 0 0 rg BT 92.92 665.10 Td (W) Tj ET Q q 0 0 0 rg BT 101.56 665.10 Td (e ) Tj ET Q q 0 0 0 rg BT 108.62 665.10 Td (assign ) Tj ET Q q 0 0 0 rg BT 136.24 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.08 665.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 189.25 665.10 Td (price ) Tj ET Q q 0 0 0 rg BT 211.86 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.81 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 235.99 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 253.05 665.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 283.44 665.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 299.40 665.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 342.01 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.29 665.10 Td (acquire ) Tj ET Q q 0 0 0 rg BT 388.34 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.74 665.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 429.14 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.20 665.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 497.13 665.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 539.74 665.10 Td (based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 60.88 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.48 653.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 114.18 653.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 129.43 653.10 Td (values ) Tj ET Q q 0 0 0 rg BT 156.36 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 166.07 653.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 197.43 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 206.59 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.19 653.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 258.47 653.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 306.51 653.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 347.33 653.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 373.14 653.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 424.51 653.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 437.10 653.10 Td (ASC\) ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 465.70 653.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 484.86 653.10 Td (V) Tj ET Q q 0 0 0 rg BT 489.86 653.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 508.46 653.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 538.64 653.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (topic.Proceeds ) Tj ET Q q 0 0 0 rg BT 116.66 641.10 Td (received ) Tj ET Q q 0 0 0 rg BT 154.08 641.10 Td (from ) Tj ET Q q 0 0 0 rg BT 177.09 641.10 Td (disposals ) Tj ET Q q 0 0 0 rg BT 217.32 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.09 641.10 Td (credited ) Tj ET Q q 0 0 0 rg BT 268.86 641.10 Td (against ) Tj ET Q q 0 0 0 rg BT 300.75 641.10 Td (accumulated ) Tj ET Q q 0 0 0 rg BT 354.84 641.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 378.41 641.10 Td (except ) Tj ET Q q 0 0 0 rg BT 408.06 641.10 Td (when ) Tj ET Q q 0 0 0 rg BT 433.29 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.07 641.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 468.18 641.10 Td (represents ) Tj ET Q q 0 0 0 rg BT 512.28 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 520.29 641.10 Td (significant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 84.75 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.54 629.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 133.27 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.52 629.10 Td (which ) Tj ET Q q 0 0 0 rg BT 170.43 629.10 Td (case ) Tj ET Q q 0 0 0 rg BT 190.10 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 197.01 629.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 216.69 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 227.49 629.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.52 629.10 Td (would ) Tj ET Q q 0 0 0 rg BT 272.99 629.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.90 629.10 Td (recognized. ) Tj ET Q q 0 0 0 rg BT 333.73 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 335.65 629.10 Td (A) Tj ET Q q 0 0 0 rg BT 342.32 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 344.79 629.10 Td (disposal ) Tj ET Q q 0 0 0 rg BT 380.03 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.83 629.10 Td (25% ) Tj ET Q q 0 0 0 rg BT 411.63 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 422.43 629.10 Td (more ) Tj ET Q q 0 0 0 rg BT 445.44 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 456.24 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 472.04 629.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 502.28 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 537.50 629.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 617.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 107.25 617.10 Td (significant. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 593.10 Td (Depletion ) Tj ET Q q 0 0 0 rg BT 112.45 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.42 593.10 Td (Depr) Tj ET Q q 0 0 0 rg BT 153.90 593.10 Td (eciation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.72 593.10 Td (The ) Tj ET Q q 0 0 0 rg BT 214.12 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 237.96 593.10 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 287.61 593.10 Td (including ) Tj ET Q q 0 0 0 rg BT 329.23 593.10 Td (production ) Tj ET Q q 0 0 0 rg BT 376.40 593.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 422.45 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.74 593.10 Td (future ) Tj ET Q q 0 0 0 rg BT 468.46 593.10 Td (development ) Tj ET Q q 0 0 0 rg BT 523.95 593.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 550.30 593.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (depleted ) Tj ET Q q 0 0 0 rg BT 87.01 581.10 Td (or ) Tj ET Q q 0 0 0 rg BT 98.97 581.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 148.68 581.10 Td (using ) Tj ET Q q 0 0 0 rg BT 173.99 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 189.84 581.10 Td (unit-of-production ) Tj ET Q q 0 0 0 rg BT 267.35 581.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 303.48 581.10 Td (based ) Tj ET Q q 0 0 0 rg BT 329.88 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 343.51 581.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 374.92 581.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 389.11 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.18 581.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 438.58 581.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 455.54 581.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 491.93 581.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.90 581.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 552.51 581.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 100.79 569.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 143.75 569.10 Td (engineers.Oil ) Tj ET Q q 0 0 0 rg BT 204.77 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.62 569.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 251.81 569.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 267.56 569.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 302.73 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.36 569.10 Td (converted ) Tj ET Q q 0 0 0 rg BT 359.20 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.40 569.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 413.47 569.10 Td (units ) Tj ET Q q 0 0 0 rg BT 435.34 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 447.76 569.10 Td (a ) Tj ET Q q 0 0 0 rg BT 454.62 569.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 477.04 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.79 569.10 Td (6,000 ) Tj ET Q q 0 0 0 rg BT 512.71 569.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 536.78 569.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 554.19 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.76 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 95.59 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 105.87 557.10 Td (one ) Tj ET Q q 0 0 0 rg BT 122.81 557.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 148.63 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.46 557.10 Td (crude ) Tj ET Q q 0 0 0 rg BT 184.16 557.10 Td (oil.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.12 533.10 Td (full ) Tj ET Q q 0 0 0 rg BT 111.64 533.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 130.39 533.10 Td (accounting, ) Tj ET Q q 0 0 0 rg BT 179.39 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 193.68 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 213.53 533.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 247.26 533.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 277.10 533.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 328.04 533.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 350.67 533.10 Td (from ) Tj ET Q q 0 0 0 rg BT 372.75 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.60 533.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 440.77 533.10 Td (base ) Tj ET Q q 0 0 0 rg BT 461.17 533.10 Td (pending ) Tj ET Q q 0 0 0 rg BT 496.02 533.10 Td (determination ) Tj ET Q q 0 0 0 rg BT 554.19 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 84.69 521.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 115.44 521.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.18 521.10 Td (can ) Tj ET Q q 0 0 0 rg BT 168.04 521.10 Td (be ) Tj ET Q q 0 0 0 rg BT 180.45 521.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 217.87 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.63 521.10 Td (such ) Tj ET Q q 0 0 0 rg BT 249.94 521.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 297.25 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 315.78 521.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 338.76 521.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 379.50 521.10 Td (as ) Tj ET Q q 0 0 0 rg BT 390.81 521.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 442.10 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 457.29 521.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 503.58 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.34 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.54 521.10 Td (full ) Tj ET Q q 0 0 0 rg BT 546.40 521.10 Td (cost ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.13 509.10 Td (base ) Tj ET Q q 0 0 0 rg BT 123.98 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 135.40 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.71 509.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 193.78 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 209.08 509.10 Td (developed, ) Tj ET Q q 0 0 0 rg BT 255.76 509.10 Td (tested ) Tj ET Q q 0 0 0 rg BT 282.17 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.70 509.10 Td (evaluated. ) Tj ET Q q 0 0 0 rg BT 343.60 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 346.00 509.10 Td (At ) Tj ET Q q 0 0 0 rg BT 359.09 509.10 Td (least ) Tj ET Q q 0 0 0 rg BT 380.51 509.10 Td (annually) Tj ET Q q 0 0 0 rg BT 414.29 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 419.88 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 434.63 509.10 Td (test ) Tj ET Q q 0 0 0 rg BT 451.60 509.10 Td (these ) Tj ET Q q 0 0 0 rg BT 475.24 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 501.66 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 516.40 509.10 Td (impairment ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (based ) Tj ET Q q 0 0 0 rg BT 74.68 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 87.09 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 98.94 497.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 143.00 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.74 497.10 Td (management) Tj ET Q q 0 0 0 rg BT 207.60 497.10 Td (s ) Tj ET Q q 0 0 0 rg BT 213.90 497.10 Td (expectations ) Tj ET Q q 0 0 0 rg BT 266.29 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.03 497.10 Td (future ) Tj ET Q q 0 0 0 rg BT 303.32 497.10 Td (pricing, ) Tj ET Q q 0 0 0 rg BT 336.56 497.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 380.62 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.36 497.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 413.75 497.10 Td (expiration ) Tj ET Q q 0 0 0 rg BT 456.70 497.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 483.83 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 500.68 497.10 Td (planned ) Tj ET Q q 0 0 0 rg BT 534.74 497.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (development ) Tj ET Q q 0 0 0 rg BT 103.97 485.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 145.38 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 147.58 485.10 Td (As ) Tj ET Q q 0 0 0 rg BT 161.51 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 168.76 485.10 Td (result ) Tj ET Q q 0 0 0 rg BT 193.79 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.94 485.10 Td (this ) Tj ET Q q 0 0 0 rg BT 222.21 485.10 Td (analysis, ) Tj ET Q q 0 0 0 rg BT 259.74 485.10 Td (we ) Tj ET Q q 0 0 0 rg BT 274.22 485.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 320.89 485.10 Td (impairments ) Tj ET Q q 0 0 0 rg BT 373.70 485.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.85 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 400.99 485.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 452.12 485.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 474.94 485.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.31 485.10 Td ($21.0 ) Tj ET Q q 0 0 0 rg BT 533.62 485.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.33 473.10 Td ($17.9 ) Tj ET Q q 0 0 0 rg BT 91.23 473.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.12 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.51 473.10 Td (during ) Tj ET Q q 0 0 0 rg BT 151.01 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 165.63 473.10 Td (years ) Tj ET Q q 0 0 0 rg BT 189.12 473.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 215.39 473.10 Td (December ) Tj ET Q q 0 0 0 rg BT 258.87 473.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 273.76 473.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 296.16 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.99 473.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 337.88 473.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 385.54 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 390.44 473.10 Td (whereby ) Tj ET Q q 0 0 0 rg BT 427.26 473.10 Td (these ) Tj ET Q q 0 0 0 rg BT 450.20 473.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 472.59 473.10 Td (were ) Tj ET Q q 0 0 0 rg BT 494.42 473.10 Td (transferred ) Tj ET Q q 0 0 0 rg BT 540.12 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 473.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (full ) Tj ET Q q 0 0 0 rg BT 65.89 461.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 84.50 461.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 137.53 461.10 Td (base. ) Tj ET Q q 0 0 0 rg BT 160.30 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.62 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 171.26 461.10 Td (e ) Tj ET Q q 0 0 0 rg BT 178.20 461.10 Td (did ) Tj ET Q q 0 0 0 rg BT 193.47 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 208.75 461.10 Td (have ) Tj ET Q q 0 0 0 rg BT 230.13 461.10 Td (an ) Tj ET Q q 0 0 0 rg BT 242.07 461.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 290.67 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.50 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 317.33 461.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 368.14 461.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 390.64 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 419.25 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.96 461.10 Td (year ) Tj ET Q q 0 0 0 rg BT 453.67 461.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 480.05 461.10 Td (December ) Tj ET Q q 0 0 0 rg BT 523.63 461.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 538.63 461.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (W) Tj ET Q q 0 0 0 rg BT 77.32 437.10 Td (rite-Down ) Tj ET Q q 0 0 0 rg BT 123.48 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.64 437.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 150.81 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.77 437.10 Td (Natural ) Tj ET Q q 0 0 0 rg BT 205.94 437.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 225.44 437.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 235.81 437.10 Td (operties.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 274.69 437.10 Td (The ) Tj ET Q q 0 0 0 rg BT 293.07 437.10 Td (net ) Tj ET Q q 0 0 0 rg BT 308.12 437.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 354.26 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 377.10 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 388.27 437.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 401.66 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 418.93 437.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 449.53 437.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 465.70 437.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 508.52 437.10 Td (are ) Tj ET Q q 0 0 0 rg BT 523.56 437.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 554.73 437.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.51 425.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 90.07 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.19 425.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 153.97 425.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.87 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 183.99 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.00 425.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 217.90 425.10 Td (center ) Tj ET Q q 0 0 0 rg BT 245.12 425.10 Td (ceiling.) Tj ET Q q 0 0 0 rg BT 279.65 425.10 Td (The ) Tj ET Q q 0 0 0 rg BT 297.99 425.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 316.89 425.10 Td (center ) Tj ET Q q 0 0 0 rg BT 344.11 425.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 374.11 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 383.58 425.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 416.36 425.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.48 425.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 441.93 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.94 425.10 Td (present ) Tj ET Q q 0 0 0 rg BT 488.61 425.10 Td (value ) Tj ET Q q 0 0 0 rg BT 513.06 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.18 425.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.96 413.10 Td (net ) Tj ET Q q 0 0 0 rg BT 90.75 413.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 128.87 413.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.89 413.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 181.24 413.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 194.37 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.39 413.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 241.73 413.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 257.64 413.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 292.98 413.10 Td (before ) Tj ET Q q 0 0 0 rg BT 321.10 413.10 Td (future ) Tj ET Q q 0 0 0 rg BT 347.55 413.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 404.01 413.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 426.59 413.10 Td (\(discounted ) Tj ET Q q 0 0 0 rg BT 475.82 413.10 Td (at ) Tj ET Q q 0 0 0 rg BT 485.62 413.10 Td (10%\), ) Tj ET Q q 0 0 0 rg BT 512.36 413.10 Td (based ) Tj ET Q q 0 0 0 rg BT 537.71 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 413.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.69 401.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 176.76 401.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 190.42 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 207.96 401.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 238.83 401.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 255.26 401.10 Td (price ) Tj ET Q q 0 0 0 rg BT 278.35 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 293.11 401.10 Td (each ) Tj ET Q q 0 0 0 rg BT 314.53 401.10 Td (month ) Tj ET Q q 0 0 0 rg BT 343.19 401.10 Td (during ) Tj ET Q q 0 0 0 rg BT 372.40 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.94 401.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 421.93 401.10 Td (rolling ) Tj ET Q q 0 0 0 rg BT 451.70 401.10 Td (period ) Tj ET Q q 0 0 0 rg BT 480.35 401.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 502.89 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 513.77 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.09 401.10 Td (end ) Tj ET Q q 0 0 0 rg BT 546.64 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 558.07 401.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (particular ) Tj ET Q q 0 0 0 rg BT 90.53 389.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 129.90 389.10 Td (period; ) Tj ET Q q 0 0 0 rg BT 160.94 389.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 180.33 389.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 194.71 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.64 389.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 228.47 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.51 389.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 282.22 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 297.71 389.10 Td (being ) Tj ET Q q 0 0 0 rg BT 322.65 389.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 368.12 389.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 387.51 389.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 401.89 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.82 389.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 442.31 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.35 389.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 472.18 389.10 Td (or ) Tj ET Q q 0 0 0 rg BT 483.23 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 524.27 389.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 540.86 389.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.35 377.10 Td (unproved ) Tj ET Q q 0 0 0 rg BT 100.63 377.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 143.13 377.10 Td (included ) Tj ET Q q 0 0 0 rg BT 180.08 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 190.38 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.11 377.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 227.63 377.10 Td (being ) Tj ET Q q 0 0 0 rg BT 252.36 377.10 Td (amortized, ) Tj ET Q q 0 0 0 rg BT 297.35 377.10 Td (if ) Tj ET Q q 0 0 0 rg BT 305.98 377.10 Td (any; ) Tj ET Q q 0 0 0 rg BT 325.71 377.10 Td (less ) Tj ET Q q 0 0 0 rg BT 343.23 377.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 357.40 377.10 Td (related ) Tj ET Q q 0 0 0 rg BT 387.12 377.10 Td (income ) Tj ET Q q 0 0 0 rg BT 419.07 377.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 433.81 377.10 Td (ef) Tj ET Q q 0 0 0 rg BT 441.39 377.10 Td (fects.Our ) Tj ET Q q 0 0 0 rg BT 485.84 377.10 Td (future ) Tj ET Q q 0 0 0 rg BT 512.23 377.10 Td (net ) Tj ET Q q 0 0 0 rg BT 526.96 377.10 Td (revenues ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (from ) Tj ET Q q 0 0 0 rg BT 71.58 365.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 101.98 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 115.18 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.25 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 162.66 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 178.63 365.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 214.02 365.10 Td (are ) Tj ET Q q 0 0 0 rg BT 228.87 365.10 Td (not ) Tj ET Q q 0 0 0 rg BT 244.28 365.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 278.57 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 292.87 365.10 Td (development ) Tj ET Q q 0 0 0 rg BT 347.15 365.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 369.79 365.10 Td (related ) Tj ET Q q 0 0 0 rg BT 399.63 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 410.05 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.90 365.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 443.65 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.62 365.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 486.70 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 501.00 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 365.10 Td (developing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 63.39 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.64 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 68.83 353.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 103.77 353.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 119.29 353.10 Td (those ) Tj ET Q q 0 0 0 rg BT 142.58 353.10 Td (related ) Tj ET Q q 0 0 0 rg BT 171.97 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 181.93 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.33 353.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 214.62 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.14 353.10 Td (constructing ) Tj ET Q q 0 0 0 rg BT 276.76 353.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 290.65 351.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.90 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.08 353.10 Td (pipelines, ) Tj ET Q q 0 0 0 rg BT 336.87 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 347.39 353.10 Td (we ) Tj ET Q q 0 0 0 rg BT 361.23 353.10 Td (do ) Tj ET Q q 0 0 0 rg BT 373.42 353.10 Td (not ) Tj ET Q q 0 0 0 rg BT 388.38 353.10 Td (have ) Tj ET Q q 0 0 0 rg BT 409.44 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.41 353.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 442.14 353.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 484.31 353.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 506.50 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.46 353.10 Td (develop ) Tj ET Q q 0 0 0 rg BT 550.30 353.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.52 341.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.33 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.02 341.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 139.03 341.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 154.61 341.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 194.69 341.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 238.86 341.10 Td (we ) Tj ET Q q 0 0 0 rg BT 252.77 341.10 Td (include ) Tj ET Q q 0 0 0 rg BT 284.45 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.48 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.95 341.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 338.41 341.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 357.05 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 367.63 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.32 341.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 414.33 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 424.92 341.10 Td (future ) Tj ET Q q 0 0 0 rg BT 451.04 341.10 Td (net ) Tj ET Q q 0 0 0 rg BT 465.51 341.10 Td (revenues, ) Tj ET Q q 0 0 0 rg BT 505.80 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 523.04 341.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 341.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.84 329.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 110.16 329.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.06 327.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.31 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.32 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 151.33 329.10 Td (related ) Tj ET Q q 0 0 0 rg BT 180.55 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 190.34 329.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 204.23 327.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.48 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.50 329.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 244.27 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 260.72 329.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 274.61 327.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.86 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 279.88 329.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 318.00 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 335.01 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 348.68 329.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 384.01 329.10 Td (will ) Tj ET Q q 0 0 0 rg BT 401.58 329.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.04 329.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 455.60 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 465.39 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.62 329.10 Td (process ) Tj ET Q q 0 0 0 rg BT 511.63 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.97 329.10 Td (producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.09 317.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 95.12 317.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 107.94 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 124.64 317.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 154.67 317.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.26 317.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 210.34 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 228.15 317.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 244.29 317.10 Td (value ) Tj ET Q q 0 0 0 rg BT 268.20 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.80 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 294.39 317.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 307.21 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.91 317.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 353.93 317.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 369.53 317.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 411.77 317.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 450.13 317.10 Td (is ) Tj ET Q q 0 0 0 rg BT 459.06 317.10 Td (not ) Tj ET Q q 0 0 0 rg BT 474.10 317.10 Td (included ) Tj ET Q q 0 0 0 rg BT 510.79 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 520.83 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 535.31 317.10 Td (ceiling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 68.17 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 78.78 305.10 Td (we ) Tj ET Q q 0 0 0 rg BT 92.72 305.10 Td (do ) Tj ET Q q 0 0 0 rg BT 105.00 305.10 Td (not ) Tj ET Q q 0 0 0 rg BT 120.06 305.10 Td (designate ) Tj ET Q q 0 0 0 rg BT 160.11 305.10 Td (these ) Tj ET Q q 0 0 0 rg BT 182.94 305.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 221.31 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 231.93 305.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 258.08 305.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 307.03 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 320.97 305.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 367.13 305.10 Td (purposes.) Tj ET Q q 0 0 0 rg BT 410.00 305.10 Td (The ) Tj ET Q q 0 0 0 rg BT 427.83 305.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 446.22 305.10 Td (center ) Tj ET Q q 0 0 0 rg BT 472.92 305.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 502.42 305.10 Td (test ) Tj ET Q q 0 0 0 rg BT 518.58 305.10 Td (is ) Tj ET Q q 0 0 0 rg BT 527.54 305.10 Td (prepared ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (quarterly) Tj ET Q q 0 0 0 rg BT 84.94 293.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.77 269.10 Td (average ) Tj ET Q q 0 0 0 rg BT 119.58 269.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 212.27 269.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 251.66 269.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 264.93 269.10 Td (price ) Tj ET Q q 0 0 0 rg BT 287.64 269.10 Td (used ) Tj ET Q q 0 0 0 rg BT 308.69 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 319.19 269.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 363.58 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 379.63 269.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 410.12 269.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 445.60 269.10 Td (has ) Tj ET Q q 0 0 0 rg BT 461.65 269.10 Td (been ) Tj ET Q q 0 0 0 rg BT 483.25 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.75 269.10 Td (a ) Tj ET Q q 0 0 0 rg BT 500.91 269.10 Td (precipitous ) Tj ET Q q 0 0 0 rg BT 548.07 269.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 95.28 257.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 127.15 257.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 174.04 257.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 197.04 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.48 257.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 239.98 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 260.76 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.98 257.10 Td (average ) Tj ET Q q 0 0 0 rg BT 310.07 257.10 Td (price ) Tj ET Q q 0 0 0 rg BT 333.05 257.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 373.27 257.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.71 257.10 Td ($94.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.21 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.21 257.10 Td (per ) Tj ET Q q 0 0 0 rg BT 441.98 257.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 459.43 257.10 Td (at ) Tj ET Q q 0 0 0 rg BT 469.65 257.10 Td (December ) Tj ET Q q 0 0 0 rg BT 513.74 257.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 529.24 257.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 554.74 257.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td ($50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.99 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 93.75 245.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 110.18 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 119.39 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 162.46 245.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 176.95 245.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 201.44 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.87 245.10 Td (further ) Tj ET Q q 0 0 0 rg BT 247.06 245.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.83 245.10 Td ($42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.33 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 286.32 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 301.08 245.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 317.51 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 326.72 245.10 Td (December ) Tj ET Q q 0 0 0 rg BT 369.79 245.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 384.28 245.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 408.77 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.76 245.10 Td (In ) Tj ET Q q 0 0 0 rg BT 421.08 245.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 458.34 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.54 245.10 Td (first-day-of-the-month ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (average ) Tj ET Q q 0 0 0 rg BT 82.30 233.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 111.77 233.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 126.81 233.10 Td (price ) Tj ET Q q 0 0 0 rg BT 148.51 233.10 Td (for ) Tj ET Q q 0 0 0 rg BT 161.88 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.81 233.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 216.94 233.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 228.66 233.10 Td (months ) Tj ET Q q 0 0 0 rg BT 259.81 233.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.08 233.10 Td ($4.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.58 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 301.29 233.10 Td (per ) Tj ET Q q 0 0 0 rg BT 315.77 233.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 349.71 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 358.64 233.10 Td (December ) Tj ET Q q 0 0 0 rg BT 401.44 233.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 415.65 233.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.86 233.10 Td ($2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.36 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 464.07 233.10 Td (per ) Tj ET Q q 0 0 0 rg BT 478.55 233.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 512.49 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 521.42 233.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 64.21 221.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 88.92 221.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 105.56 221.10 Td ($2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.06 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.27 221.10 Td (per ) Tj ET Q q 0 0 0 rg BT 145.25 221.10 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 179.69 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 189.11 221.10 Td (December ) Tj ET Q q 0 0 0 rg BT 232.41 221.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 247.12 221.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 271.82 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 273.87 221.10 Td (These ) Tj ET Q q 0 0 0 rg BT 299.96 221.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 328.27 221.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 354.36 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 375.44 221.10 Td (led ) Tj ET Q q 0 0 0 rg BT 389.87 221.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.85 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 415.39 221.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 464.80 221.10 Td (full ) Tj ET Q q 0 0 0 rg BT 480.90 221.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 499.21 221.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 519.20 221.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 548.62 221.10 Td (test ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (write-downs ) Tj ET Q q 0 0 0 rg BT 102.06 209.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.18 209.10 Td ($810.9 ) Tj ET Q q 0 0 0 rg BT 165.25 209.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.15 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.72 209.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.73 209.10 Td ($4.9 ) Tj ET Q q 0 0 0 rg BT 233.80 209.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.91 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 262.48 209.10 Td (during ) Tj ET Q q 0 0 0 rg BT 291.16 209.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 313.73 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.74 209.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 355.81 209.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 403.47 209.10 Td (. ) Tj ET Q q 0 0 0 rg BT 408.54 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 410.93 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 419.57 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 426.58 209.10 Td (did ) Tj ET Q q 0 0 0 rg BT 441.92 209.10 Td (not ) Tj ET Q q 0 0 0 rg BT 457.27 209.10 Td (record ) Tj ET Q q 0 0 0 rg BT 485.38 209.10 Td (a ) Tj ET Q q 0 0 0 rg BT 492.39 209.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 522.17 209.10 Td (test ) Tj ET Q q 0 0 0 rg BT 538.63 209.10 Td (write-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (down ) Tj ET Q q 0 0 0 rg BT 74.22 197.10 Td (during ) Tj ET Q q 0 0 0 rg BT 102.83 197.10 Td (2014.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 173.10 Td (Joint ) Tj ET Q q 0 0 0 rg BT 91.97 173.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 113.45 173.10 Td (est ) Tj ET Q q 0 0 0 rg BT 127.90 173.10 Td (Operations. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.48 173.10 Td (Substantially ) Tj ET Q q 0 0 0 rg BT 238.50 173.10 Td (all ) Tj ET Q q 0 0 0 rg BT 251.29 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.42 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 278.54 173.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 291.90 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.13 173.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 339.69 173.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 355.82 173.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 404.16 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.39 173.10 Td (production ) Tj ET Q q 0 0 0 rg BT 467.52 173.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 506.41 173.10 Td (are ) Tj ET Q q 0 0 0 rg BT 521.42 173.10 Td (conducted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 77.67 161.10 Td (with ) Tj ET Q q 0 0 0 rg BT 97.51 161.10 Td (others.) Tj ET Q q 0 0 0 rg BT 129.27 161.10 Td (These ) Tj ET Q q 0 0 0 rg BT 155.20 161.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 192.24 161.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 236.51 161.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 264.10 161.10 Td (only ) Tj ET Q q 0 0 0 rg BT 283.94 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 299.32 161.10 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 355.25 161.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 386.75 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.58 161.10 Td (such ) Tj ET Q q 0 0 0 rg BT 416.97 161.10 Td (activities, ) Tj ET Q q 0 0 0 rg BT 457.63 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.12 161.10 Td (any ) Tj ET Q q 0 0 0 rg BT 490.62 161.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.57 161.10 Td (due ) Tj ET Q q 0 0 0 rg BT 543.06 161.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 149.10 Td (partners ) Tj ET Q q 0 0 0 rg BT 107.25 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 121.96 149.10 Td (included ) Tj ET Q q 0 0 0 rg BT 158.89 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 169.17 149.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 191.66 149.10 Td (receivables.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 125.10 Td (T) Tj ET Q q 0 0 0 rg BT 73.25 125.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 104.64 125.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 144.93 125.10 Td (Costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.77 125.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 193.28 125.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 224.12 125.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 267.73 125.10 Td (are ) Tj ET Q q 0 0 0 rg BT 281.90 125.10 Td (conducted ) Tj ET Q q 0 0 0 rg BT 324.96 125.10 Td (in ) Tj ET Q q 0 0 0 rg BT 334.70 125.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 376.09 125.10 Td (that ) Tj ET Q q 0 0 0 rg BT 393.05 125.10 Td (have ) Tj ET Q q 0 0 0 rg BT 413.89 125.10 Td (already ) Tj ET Q q 0 0 0 rg BT 445.28 125.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 484.45 125.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 528.62 125.10 Td (amounts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.15 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 75.02 113.10 Td (over ) Tj ET Q q 0 0 0 rg BT 96.11 113.10 Td (many ) Tj ET Q q 0 0 0 rg BT 121.64 113.10 Td (years; ) Tj ET Q q 0 0 0 rg BT 148.83 113.10 Td (however) Tj ET Q q 0 0 0 rg BT 182.86 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 188.68 113.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.77 113.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 248.05 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 269.15 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.68 113.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 306.34 113.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 329.09 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 346.85 113.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 394.60 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 409.58 113.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 451.21 113.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 482.29 113.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 520.87 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 535.85 113.10 Td (cannot ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 92.54 101.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 124.49 101.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 161.43 101.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 206.71 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 228.67 101.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 270.60 101.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 309.76 101.10 Td (techniques, ) Tj ET Q q 0 0 0 rg BT 359.20 101.10 Td (such ) Tj ET Q q 0 0 0 rg BT 381.71 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 394.22 101.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 408.11 99.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.36 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.54 101.10 Td (injection, ) Tj ET Q q 0 0 0 rg BT 457.21 101.10 Td (until ) Tj ET Q q 0 0 0 rg BT 479.73 101.10 Td (we ) Tj ET Q q 0 0 0 rg BT 495.57 101.10 Td (can ) Tj ET Q q 0 0 0 rg BT 513.63 101.10 Td (demonstrate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (production ) Tj ET Q q 0 0 0 rg BT 95.33 89.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 132.82 89.10 Td (from ) Tj ET Q q 0 0 0 rg BT 154.76 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.48 89.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 200.85 89.10 Td (process ) Tj ET Q q 0 0 0 rg BT 233.34 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.17 89.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 271.67 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.38 89.10 Td (field ) Tj ET Q q 0 0 0 rg BT 307.21 89.10 Td (is ) Tj ET Q q 0 0 0 rg BT 316.38 89.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 359.43 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 369.71 89.10 Td (an ) Tj ET Q q 0 0 0 rg BT 381.64 89.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 415.81 89.10 Td (flood.) Tj ET Q endstream endobj 149 0 obj <> endobj 150 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (74) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.17 713.10 Td (capitalize, ) Tj ET Q q 0 0 0 rg BT 126.56 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 137.48 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.51 713.10 Td (development ) Tj ET Q q 0 0 0 rg BT 198.75 713.10 Td (cost, ) Tj ET Q q 0 0 0 rg BT 219.95 713.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 257.53 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 280.12 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.49 713.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 315.30 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 332.88 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 347.68 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 358.05 713.10 Td (their ) Tj ET Q q 0 0 0 rg BT 378.96 713.10 Td (development ) Tj ET Q q 0 0 0 rg BT 433.21 713.10 Td (stage, ) Tj ET Q q 0 0 0 rg BT 458.84 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 485.87 713.10 Td (means ) Tj ET Q q 0 0 0 rg BT 514.01 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 528.26 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 549.73 713.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 64.29 701.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 84.63 701.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 134.41 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 147.54 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 193.44 701.10 Td (due ) Tj ET Q q 0 0 0 rg BT 210.45 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 220.80 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.60 701.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 249.49 699.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.74 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.31 701.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 296.77 701.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 317.39 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 324.40 701.10 Td (production ) Tj ET Q q 0 0 0 rg BT 370.30 701.10 Td (response\).) Tj ET Q q 0 0 0 rg BT 415.94 701.10 Td (These ) Tj ET Q q 0 0 0 rg BT 442.39 701.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 488.27 701.10 Td (development ) Tj ET Q q 0 0 0 rg BT 542.50 701.10 Td (costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.22 689.10 Td (included ) Tj ET Q q 0 0 0 rg BT 99.17 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.47 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 123.31 689.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 173.14 689.10 Td (property ) Tj ET Q q 0 0 0 rg BT 208.53 689.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.05 689.10 Td (if ) Tj ET Q q 0 0 0 rg BT 237.67 689.10 Td (there ) Tj ET Q q 0 0 0 rg BT 259.18 689.10 Td (are ) Tj ET Q q 0 0 0 rg BT 272.90 689.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.19 689.10 Td (already ) Tj ET Q q 0 0 0 rg BT 318.13 689.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 347.42 689.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 377.81 689.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 412.08 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.38 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.89 689.10 Td (field.) Tj ET Q q 0 0 0 rg BT 463.16 689.10 Td (After ) Tj ET Q q 0 0 0 rg BT 485.77 689.10 Td (we ) Tj ET Q q 0 0 0 rg BT 498.95 689.10 Td (see ) Tj ET Q q 0 0 0 rg BT 513.24 689.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.19 689.10 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (response ) Tj ET Q q 0 0 0 rg BT 86.99 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.26 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.98 677.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.87 675.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.12 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 131.61 677.10 Td (injections ) Tj ET Q q 0 0 0 rg BT 172.99 677.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 193.53 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.25 677.10 Td (production ) Tj ET Q q 0 0 0 rg BT 254.07 677.10 Td (stage\), ) Tj ET Q q 0 0 0 rg BT 282.94 677.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 320.43 677.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 342.93 677.10 Td (are ) Tj ET Q q 0 0 0 rg BT 357.63 677.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 397.33 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 408.16 677.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 446.47 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.41 677.10 Td (once ) Tj ET Q q 0 0 0 rg BT 484.78 677.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 515.05 677.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 550.30 677.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (recognized, ) Tj ET Q q 0 0 0 rg BT 98.36 665.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 143.08 665.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 178.88 665.10 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 229.70 665.10 Td (development ) Tj ET Q q 0 0 0 rg BT 283.85 665.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 306.35 665.10 Td (become ) Tj ET Q q 0 0 0 rg BT 339.94 665.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 370.76 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 381.04 665.10 Td (depletion.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 64.50 639.67 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.75 641.10 Td ( Pr) Tj ET Q q 0 0 0 rg BT 80.62 641.10 Td (operties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 617.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.21 617.10 Td (own ) Tj ET Q q 0 0 0 rg BT 103.06 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.12 617.10 Td (produce ) Tj ET Q q 0 0 0 rg BT 154.96 617.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 168.85 615.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.10 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 174.73 617.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 212.62 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 219.69 617.10 Td (non-hydrocarbon ) Tj ET Q q 0 0 0 rg BT 291.18 617.10 Td (resource, ) Tj ET Q q 0 0 0 rg BT 330.18 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 347.81 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 362.64 617.10 Td (used ) Tj ET Q q 0 0 0 rg BT 383.60 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.01 617.10 Td (our ) Tj ET Q q 0 0 0 rg BT 409.97 617.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 441.47 617.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 454.66 617.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 492.26 617.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 536.55 617.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 617.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (own ) Tj ET Q q 0 0 0 rg BT 68.32 605.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 94.90 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.94 605.10 Td (on ) Tj ET Q q 0 0 0 rg BT 122.53 605.10 Td (behalf ) Tj ET Q q 0 0 0 rg BT 149.11 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.04 605.10 Td (other ) Tj ET Q q 0 0 0 rg BT 181.18 605.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.21 605.10 Td (owners ) Tj ET Q q 0 0 0 rg BT 242.69 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 252.07 605.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 291.42 605.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 327.99 605.10 Td (fields, ) Tj ET Q q 0 0 0 rg BT 354.30 605.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.68 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.71 605.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 410.20 605.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 428.46 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.84 605.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 482.20 605.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 521.57 605.10 Td (users.) Tj ET Q q 0 0 0 rg BT 549.44 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.08 605.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (record ) Tj ET Q q 0 0 0 rg BT 77.27 593.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 111.15 593.10 Td (from ) Tj ET Q q 0 0 0 rg BT 132.82 593.10 Td (our ) Tj ET Q q 0 0 0 rg BT 148.39 593.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 170.06 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.62 593.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 194.51 591.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.76 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.00 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 210.01 593.10 Td (third ) Tj ET Q q 0 0 0 rg BT 231.13 593.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 260.02 593.10 Td (when ) Tj ET Q q 0 0 0 rg BT 283.91 593.10 Td (it ) Tj ET Q q 0 0 0 rg BT 291.70 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 300.61 593.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 340.05 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 356.72 593.10 Td (sold.Expenses ) Tj ET Q q 0 0 0 rg BT 420.89 593.10 Td (related ) Tj ET Q q 0 0 0 rg BT 450.33 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.34 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.79 593.10 Td (production ) Tj ET Q q 0 0 0 rg BT 520.35 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.92 593.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 544.81 591.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.06 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 550.29 593.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (allocated ) Tj ET Q q 0 0 0 rg BT 90.15 581.10 Td (between ) Tj ET Q q 0 0 0 rg BT 128.03 581.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 166.48 581.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 187.72 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 200.06 581.10 Td (third ) Tj ET Q q 0 0 0 rg BT 223.51 581.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 254.73 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.74 581.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 312.19 581.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 357.30 581.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 400.18 581.10 Td (that ) Tj ET Q q 0 0 0 rg BT 419.74 581.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.51 581.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 471.62 581.10 Td (related ) Tj ET Q q 0 0 0 rg BT 503.39 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.73 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 533.62 581.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (production.) Tj ET Q q 0 0 0 rg BT 100.14 569.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.25 569.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 156.92 569.10 Td (related ) Tj ET Q q 0 0 0 rg BT 186.68 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 197.02 569.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 242.35 569.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 264.35 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 279.12 569.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 316.66 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 327.00 569.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.33 567.67 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.25 569.10 Td (discovery ) Tj ET Q q 0 0 0 rg BT 391.69 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 408.69 569.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 449.02 569.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 494.62 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.62 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 569.10 Td (expenses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.95 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.97 557.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 121.76 557.10 Td (use ) Tj ET Q q 0 0 0 rg BT 137.34 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 151.79 557.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 189.01 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 199.04 557.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 229.04 557.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 269.05 557.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 311.83 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 321.85 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.32 557.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 391.34 557.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 437.46 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.04 557.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 494.16 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.74 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.19 557.10 Td (capitalized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.22 545.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 73.16 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 89.98 545.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 120.13 545.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 135.85 545.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 178.22 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.38 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 204.09 545.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 259.25 545.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 293.84 545.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 324.83 545.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 368.88 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 381.26 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.86 545.10 Td (stage ) Tj ET Q q 0 0 0 rg BT 418.79 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.51 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.11 545.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 475.37 545.10 Td (flood ) Tj ET Q q 0 0 0 rg BT 498.86 545.10 Td (that ) Tj ET Q q 0 0 0 rg BT 516.24 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.30 545.10 Td (receiving ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 533.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 78.11 531.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.36 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 83.86 533.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 102.46 533.10 Td (T) Tj ET Q q 0 0 0 rg BT 107.10 533.10 Td (ertiary ) Tj ET Q q 0 0 0 rg BT 136.82 533.10 Td (Injection ) Tj ET Q q 0 0 0 rg BT 174.86 533.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.09 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.59 533.10 Td (above ) Tj ET Q q 0 0 0 rg BT 225.97 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 240.13 533.10 Td (further ) Tj ET Q q 0 0 0 rg BT 269.83 533.10 Td (discussion\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (Costs ) Tj ET Q q 0 0 0 rg BT 92.11 509.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 127.80 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.95 509.10 Td (search ) Tj ET Q q 0 0 0 rg BT 165.86 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 179.90 509.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 193.79 507.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.04 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.42 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.00 509.10 Td (expensed ) Tj ET Q q 0 0 0 rg BT 253.58 509.10 Td (as ) Tj ET Q q 0 0 0 rg BT 264.29 509.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 299.98 509.10 Td (until ) Tj ET Q q 0 0 0 rg BT 320.69 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 350.83 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 361.54 509.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 398.90 509.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 434.03 509.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.62 509.10 Td (established.Once ) Tj ET Q q 0 0 0 rg BT 524.02 509.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 554.17 509.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 86.75 497.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 121.78 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 136.25 497.10 Td (established, ) Tj ET Q q 0 0 0 rg BT 185.45 497.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 207.71 497.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 243.29 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.34 497.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 280.60 497.10 Td (those ) Tj ET Q q 0 0 0 rg BT 303.97 497.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 339.00 497.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.47 497.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 399.04 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 415.75 497.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 455.77 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 466.37 497.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 484.70 495.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 487.95 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.22 497.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 536.90 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 549.17 497.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 104.79 485.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 139.50 485.10 Td (Sheets.Capitalized ) Tj ET Q q 0 0 0 rg BT 221.16 485.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 235.05 483.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 238.30 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.82 485.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 263.33 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.05 485.10 Td (aggregated ) Tj ET Q q 0 0 0 rg BT 324.43 485.10 Td (by ) Tj ET Q q 0 0 0 rg BT 336.94 485.10 Td (geologic ) Tj ET Q q 0 0 0 rg BT 373.89 485.10 Td (formation ) Tj ET Q q 0 0 0 rg BT 415.84 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.79 485.10 Td (depleted ) Tj ET Q q 0 0 0 rg BT 469.17 485.10 Td (on ) Tj ET Q q 0 0 0 rg BT 481.69 485.10 Td (a ) Tj ET Q q 0 0 0 rg BT 488.64 485.10 Td (unit-of-production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 72.00 473.10 Td (over ) Tj ET Q q 0 0 0 rg BT 92.27 473.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 122.54 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.48 473.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 176.96 473.10 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (Pipelines and Plants) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.39 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 84.64 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.96 425.10 Td (used ) Tj ET Q q 0 0 0 rg BT 107.60 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.70 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.35 425.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 164.54 425.10 Td (floods ) Tj ET Q q 0 0 0 rg BT 191.85 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 200.84 425.10 Td (transported ) Tj ET Q q 0 0 0 rg BT 248.14 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.24 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 273.88 425.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 298.42 425.10 Td (through ) Tj ET Q q 0 0 0 rg BT 331.84 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 345.73 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.98 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.30 425.10 Td (pipelines.Costs ) Tj ET Q q 0 0 0 rg BT 419.45 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.10 425.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 443.99 423.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.24 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 449.56 425.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 487.98 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 513.06 425.10 Td (construction ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.57 413.10 Td (not ) Tj ET Q q 0 0 0 rg BT 78.21 413.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 126.15 413.10 Td (until ) Tj ET Q q 0 0 0 rg BT 146.34 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.42 413.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 198.38 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.45 413.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 240.40 413.10 Td (into ) Tj ET Q q 0 0 0 rg BT 257.82 413.10 Td (service.Pipelines ) Tj ET Q q 0 0 0 rg BT 332.16 413.10 Td (are ) Tj ET Q q 0 0 0 rg BT 346.23 413.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 394.17 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 406.03 413.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.33 413.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 462.51 413.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 484.37 413.10 Td (over ) Tj ET Q q 0 0 0 rg BT 504.00 413.10 Td (their ) Tj ET Q q 0 0 0 rg BT 524.18 413.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 75.92 401.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 99.28 401.10 Td (which ) Tj ET Q q 0 0 0 rg BT 125.70 401.10 Td (range ) Tj ET Q q 0 0 0 rg BT 149.88 401.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.30 401.10 Td (15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.30 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.27 401.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.03 401.10 Td (50 ) Tj ET Q q 0 0 0 rg BT 205.01 401.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.11 401.10 Td (. ) Tj ET Q q 0 0 0 rg BT 230.58 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.56 401.10 Td (Capitalized ) Tj ET Q q 0 0 0 rg BT 280.08 401.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 302.05 401.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 333.46 401.10 Td ($100.3 ) Tj ET Q q 0 0 0 rg BT 362.94 401.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.83 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 393.81 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.12 401.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 418.01 399.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.26 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 423.24 401.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 461.32 401.10 Td (as ) Tj ET Q q 0 0 0 rg BT 471.63 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.93 401.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.00 401.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 88.92 389.10 Td (under ) Tj ET Q q 0 0 0 rg BT 114.19 389.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 166.13 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.06 389.10 Td (not ) Tj ET Q q 0 0 0 rg BT 198.34 389.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 229.17 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.45 389.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 291.37 389.10 Td (during ) Tj ET Q q 0 0 0 rg BT 319.97 389.10 Td (2016.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 365.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 365.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.10 365.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 120.05 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.79 365.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 158.98 365.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 185.39 365.10 Td (Unit ) Tj ET Q q 0 0 0 rg BT 205.69 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.65 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.39 365.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 281.01 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 296.86 365.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 342.15 365.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 373.00 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 383.30 365.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 405.82 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.78 365.10 Td (201) Tj ET Q q 0 0 0 rg BT 437.41 365.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 444.94 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 465.24 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.98 365.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 505.27 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.58 365.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 550.85 365.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 68.33 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 83.83 353.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 114.88 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 131.49 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.21 353.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 180.27 353.10 Td (from ) Tj ET Q q 0 0 0 rg BT 202.99 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.49 353.10 Td (full ) Tj ET Q q 0 0 0 rg BT 235.66 353.10 Td (well ) Tj ET Q q 0 0 0 rg BT 256.17 353.10 Td (stream ) Tj ET Q q 0 0 0 rg BT 286.10 353.10 Td (after ) Tj ET Q q 0 0 0 rg BT 307.70 353.10 Td (construction ) Tj ET Q q 0 0 0 rg BT 360.42 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 372.03 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.53 353.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 404.15 353.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 450.20 353.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 481.80 353.10 Td (was ) Tj ET Q q 0 0 0 rg BT 500.64 353.10 Td (completed, ) Tj ET Q q 0 0 0 rg BT 548.07 353.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (ultimately ) Tj ET Q q 0 0 0 rg BT 92.04 341.10 Td (for ) Tj ET Q q 0 0 0 rg BT 105.69 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.90 341.10 Td (purpose ) Tj ET Q q 0 0 0 rg BT 153.55 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.88 341.10 Td (gaining ) Tj ET Q q 0 0 0 rg BT 195.86 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.29 341.10 Td (source ) Tj ET Q q 0 0 0 rg BT 230.38 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.71 341.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 254.60 339.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 257.85 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.84 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 269.61 341.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 296.59 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 306.36 341.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 342.24 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 357.56 341.10 Td (fields ) Tj ET Q q 0 0 0 rg BT 381.77 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 391.54 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 405.75 341.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 433.85 341.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 474.73 341.10 Td (region. ) Tj ET Q q 0 0 0 rg BT 504.77 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 506.76 341.10 Td (Subsequently) Tj ET Q q 0 0 0 rg BT 560.00 341.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.70 329.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 99.11 329.10 Td (related ) Tj ET Q q 0 0 0 rg BT 128.63 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.72 329.10 Td (contractor ) Tj ET Q q 0 0 0 rg BT 181.56 329.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 234.40 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.15 329.10 Td (design ) Tj ET Q q 0 0 0 rg BT 279.57 329.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 307.97 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 325.28 329.10 Td (caused ) Tj ET Q q 0 0 0 rg BT 354.80 329.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 399.32 329.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 427.18 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.93 329.10 Td (incremental ) Tj ET Q q 0 0 0 rg BT 493.44 329.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 515.75 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 525.85 329.10 Td (complete ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.70 317.10 Td (facility) Tj ET Q q 0 0 0 rg BT 91.37 317.10 Td (. ) Tj ET Q q 0 0 0 rg BT 95.86 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.70 317.10 Td (W) Tj ET Q q 0 0 0 rg BT 106.34 317.10 Td (e ) Tj ET Q q 0 0 0 rg BT 112.76 317.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 140.84 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 155.04 317.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 170.35 317.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 215.11 317.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 245.41 317.10 Td (into ) Tj ET Q q 0 0 0 rg BT 262.96 317.10 Td (service ) Tj ET Q q 0 0 0 rg BT 293.26 317.10 Td (during ) Tj ET Q q 0 0 0 rg BT 321.35 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.55 317.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 361.97 317.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 392.27 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.59 317.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 427.07 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 443.50 317.10 Td (we ) Tj ET Q q 0 0 0 rg BT 457.14 317.10 Td (were ) Tj ET Q q 0 0 0 rg BT 478.56 317.10 Td (successful ) Tj ET Q q 0 0 0 rg BT 521.64 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 531.40 317.10 Td (running ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.96 305.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 94.52 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 108.42 305.10 Td (part ) Tj ET Q q 0 0 0 rg BT 126.21 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 305.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 159.02 305.10 Td (before ) Tj ET Q q 0 0 0 rg BT 186.79 305.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 229.02 305.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 255.16 305.10 Td (arose ) Tj ET Q q 0 0 0 rg BT 278.49 305.10 Td (related ) Tj ET Q q 0 0 0 rg BT 307.94 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 317.96 305.10 Td (optimal ) Tj ET Q q 0 0 0 rg BT 350.75 305.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 390.75 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 305.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 446.34 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 463.02 305.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 488.59 305.10 Td (build-up ) Tj ET Q q 0 0 0 rg BT 524.71 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.73 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.19 305.10 Td (gas ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 77.80 293.10 Td (wells. ) Tj ET Q q 0 0 0 rg BT 103.04 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 104.68 293.10 Td (In ) Tj ET Q q 0 0 0 rg BT 114.64 293.10 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 157.66 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.51 293.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 186.47 293.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 230.87 293.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 260.82 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 278.01 293.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 307.42 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.49 293.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.90 293.10 Td (date ) Tj ET Q q 0 0 0 rg BT 351.19 293.10 Td (remains ) Tj ET Q q 0 0 0 rg BT 384.47 293.10 Td (shut-in. ) Tj ET Q q 0 0 0 rg BT 416.38 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.02 293.10 Td (During ) Tj ET Q q 0 0 0 rg BT 447.98 293.10 Td (this ) Tj ET Q q 0 0 0 rg BT 464.06 293.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 493.74 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 507.03 293.10 Td (have ) Tj ET Q q 0 0 0 rg BT 527.54 293.10 Td (searched ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.41 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 80.09 281.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 120.64 281.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.33 281.10 Td (number ) Tj ET Q q 0 0 0 rg BT 160.12 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.70 281.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 207.93 281.10 Td (options ) Tj ET Q q 0 0 0 rg BT 239.62 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.65 281.10 Td (an ) Tj ET Q q 0 0 0 rg BT 261.33 281.10 Td (ef) Tj ET Q q 0 0 0 rg BT 268.92 281.10 Td (fort ) Tj ET Q q 0 0 0 rg BT 285.60 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 295.63 281.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 327.86 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 342.32 281.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 376.23 281.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 404.87 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.55 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 437.12 281.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 481.02 281.10 Td (is ) Tj ET Q q 0 0 0 rg BT 489.93 281.10 Td (still ) Tj ET Q q 0 0 0 rg BT 507.18 281.10 Td (ongoing. ) Tj ET Q q 0 0 0 rg BT 544.71 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 281.10 Td (Our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (current ) Tj ET Q q 0 0 0 rg BT 79.77 269.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 118.92 269.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 140.88 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.61 269.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 182.55 269.10 Td (these ) Tj ET Q q 0 0 0 rg BT 205.05 269.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 230.89 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.28 269.10 Td (successfully ) Tj ET Q q 0 0 0 rg BT 298.11 269.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 329.49 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.66 269.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 358.94 269.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 403.67 269.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 433.94 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 448.10 269.10 Td (not ) Tj ET Q q 0 0 0 rg BT 462.83 269.10 Td (commercially ) Tj ET Q q 0 0 0 rg BT 519.76 269.10 Td (reasonable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (investments ) Tj ET Q q 0 0 0 rg BT 99.73 257.10 Td (based ) Tj ET Q q 0 0 0 rg BT 124.96 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 137.42 257.10 Td (a ) Tj ET Q q 0 0 0 rg BT 144.31 257.10 Td (variety ) Tj ET Q q 0 0 0 rg BT 174.54 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.33 257.10 Td (factors, ) Tj ET Q q 0 0 0 rg BT 217.49 257.10 Td (including ) Tj ET Q q 0 0 0 rg BT 257.72 257.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 271.84 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.52 257.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 331.75 257.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 360.86 257.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 414.41 257.10 Td (required ) Tj ET Q q 0 0 0 rg BT 450.18 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.42 257.10 Td (implement ) Tj ET Q q 0 0 0 rg BT 505.65 257.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.54 257.10 Td (corrective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (option, ) Tj ET Q q 0 0 0 rg BT 80.93 245.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 95.96 245.10 Td (current ) Tj ET Q q 0 0 0 rg BT 127.65 245.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 168.23 245.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 217.15 245.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 246.90 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.71 245.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 279.75 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 296.45 245.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 344.26 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.96 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 372.66 245.10 Td (EOR ) Tj ET Q q 0 0 0 rg BT 396.04 245.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 435.51 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.32 245.10 Td (their ) Tj ET Q q 0 0 0 rg BT 475.02 245.10 Td (timing, ) Tj ET Q q 0 0 0 rg BT 507.00 245.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 545.37 245.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 559.26 243.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 104.20 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 121.14 233.10 Td (other ) Tj ET Q q 0 0 0 rg BT 144.19 233.10 Td (assumptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 209.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 85.94 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.51 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.51 209.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 147.39 209.10 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 176.95 209.10 Td (status ) Tj ET Q q 0 0 0 rg BT 201.51 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.63 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.63 209.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 249.08 209.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 274.75 209.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 289.87 209.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 334.42 209.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 364.52 209.10 Td (and ) Tj ET Q q 0 0 0 rg BT 380.75 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 395.86 209.10 Td (recently ) Tj ET Q q 0 0 0 rg BT 429.85 209.10 Td (updated ) Tj ET Q q 0 0 0 rg BT 463.29 209.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 497.29 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.40 209.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 525.30 209.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 197.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 116.71 197.10 Td (options ) Tj ET Q q 0 0 0 rg BT 148.94 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.50 197.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 192.26 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.26 197.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 241.71 197.10 Td (issues, ) Tj ET Q q 0 0 0 rg BT 270.88 197.10 Td (we ) Tj ET Q q 0 0 0 rg BT 285.33 197.10 Td (reassessed ) Tj ET Q q 0 0 0 rg BT 329.76 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.76 197.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.86 197.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 413.08 197.10 Td (life ) Tj ET Q q 0 0 0 rg BT 429.19 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.30 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.30 197.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 471.41 197.10 Td (processing ) Tj ET Q q 0 0 0 rg BT 516.96 197.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 548.07 197.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.38 185.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 103.38 185.10 Td (during ) Tj ET Q q 0 0 0 rg BT 131.17 185.10 Td (the ) Tj ET Q q 0 0 0 rg BT 145.06 185.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 171.18 185.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 201.17 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.18 185.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 232.85 185.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.97 185.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 285.62 185.10 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 332.25 185.10 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 383.35 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.35 185.10 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 422.53 185.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.42 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 453.10 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.55 185.10 Td (Depletion, ) Tj ET Q q 0 0 0 rg BT 510.60 185.10 Td (depreciation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.01 173.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 125.07 173.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.92 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.21 173.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 207.06 173.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 254.02 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.43 173.10 Td (Operations, ) Tj ET Q q 0 0 0 rg BT 314.88 173.10 Td (which ) Tj ET Q q 0 0 0 rg BT 342.40 173.10 Td (includes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.80 173.10 Td ($55.3 ) Tj ET Q q 0 0 0 rg BT 404.37 173.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.26 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 436.34 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.75 173.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 490.81 173.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.22 173.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 554.73 173.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (helium ) Tj ET Q q 0 0 0 rg BT 79.72 161.10 Td (production ) Tj ET Q q 0 0 0 rg BT 125.49 161.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 150.71 161.10 Td (at ) Tj ET Q q 0 0 0 rg BT 160.37 161.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 184.48 161.10 Td (Ridge. ) Tj ET Q q 0 0 0 rg BT 213.31 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.58 161.10 Td (W) Tj ET Q q 0 0 0 rg BT 224.21 161.10 Td (e ) Tj ET Q q 0 0 0 rg BT 231.10 161.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 250.76 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.98 161.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 297.86 161.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 347.50 161.10 Td (work ) Tj ET Q q 0 0 0 rg BT 370.50 161.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.38 161.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 422.04 161.10 Td (to ) Tj ET Q q 0 0 0 rg BT 432.26 161.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 474.69 161.10 Td (if ) Tj ET Q q 0 0 0 rg BT 483.24 161.10 Td (there ) Tj ET Q q 0 0 0 rg BT 505.67 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 520.32 161.10 Td (alternative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.39 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.62 149.10 Td (remediate ) Tj ET Q q 0 0 0 rg BT 133.48 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.14 149.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 173.92 149.10 Td (build-up ) Tj ET Q q 0 0 0 rg BT 210.25 149.10 Td (in ) Tj ET Q q 0 0 0 rg BT 220.47 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.14 149.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 250.91 149.10 Td (supply ) Tj ET Q q 0 0 0 rg BT 280.03 149.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 303.58 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.46 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 330.69 149.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 357.58 149.10 Td (our ) Tj ET Q q 0 0 0 rg BT 373.35 149.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.35 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 411.57 149.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 440.66 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.33 149.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 477.77 149.10 Td (thereof; ) Tj ET Q q 0 0 0 rg BT 511.31 149.10 Td (however) Tj ET Q q 0 0 0 rg BT 545.34 149.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 149.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 78.11 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 137.10 Td (completion ) Tj ET Q q 0 0 0 rg BT 136.43 137.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.37 137.10 Td (results ) Tj ET Q q 0 0 0 rg BT 181.98 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.81 137.10 Td (such ) Tj ET Q q 0 0 0 rg BT 213.64 137.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 248.36 137.10 Td (are ) Tj ET Q q 0 0 0 rg BT 263.06 137.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 301.66 137.10 Td (uncertain.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.87 113.10 Td (operty and Equipment Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 89.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 94.41 89.10 Td (property ) Tj ET Q q 0 0 0 rg BT 132.42 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.00 89.10 Td (equipment, ) Tj ET Q q 0 0 0 rg BT 199.85 89.10 Td (which ) Tj ET Q q 0 0 0 rg BT 228.42 89.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 265.89 89.10 Td (furniture ) Tj ET Q q 0 0 0 rg BT 305.01 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 323.58 89.10 Td (fixtures, ) Tj ET Q q 0 0 0 rg BT 360.77 89.10 Td (vehicles, ) Tj ET Q q 0 0 0 rg BT 400.17 89.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 442.07 89.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 488.42 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.00 89.10 Td (software, ) Tj ET Q q 0 0 0 rg BT 548.06 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.03 77.10 Td (leases, ) Tj ET Q q 0 0 0 rg BT 123.63 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 132.53 77.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 180.83 77.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 226.38 77.10 Td (on ) Tj ET Q q 0 0 0 rg BT 238.61 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 245.27 77.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 295.82 77.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 318.04 77.10 Td (over ) Tj ET Q q 0 0 0 rg BT 338.04 77.10 Td (each ) Tj ET Q q 0 0 0 rg BT 358.58 77.10 Td (asset) Tj ET Q q 0 0 0 rg BT 380.79 77.10 Td (s ) Tj ET Q q 0 0 0 rg BT 386.91 77.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 427.46 77.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 454.12 77.10 Td (life.) Tj ET Q q 0 0 0 rg BT 474.76 77.10 Td (V) Tj ET Q q 0 0 0 rg BT 480.88 77.10 Td (ehicles ) Tj ET Q q 0 0 0 rg BT 510.87 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.53 77.10 Td (furniture ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.56 65.10 Td (fixtures ) Tj ET Q q 0 0 0 rg BT 99.72 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 114.55 65.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 154.37 65.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 203.07 65.10 Td (over ) Tj ET Q q 0 0 0 rg BT 223.46 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 230.52 65.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 257.58 65.10 Td (life ) Tj ET Q q 0 0 0 rg BT 273.52 65.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.47 65.10 Td (five) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.02 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.64 65.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.04 65.10 Td (ten ) Tj ET Q q 0 0 0 rg BT 327.87 65.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.97 65.10 Td (, ) Tj ET Q q 0 0 0 rg BT 354.09 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 371.15 65.10 Td (computer ) Tj ET Q q 0 0 0 rg BT 411.53 65.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 456.36 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.42 65.10 Td (software ) Tj ET Q q 0 0 0 rg BT 510.47 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.30 65.10 Td (generally ) Tj ET Q endstream endobj 151 0 obj <> endobj 152 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 97.43 713.10 Td (over ) Tj ET Q q 0 0 0 rg BT 117.05 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 123.34 713.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 149.63 713.10 Td (life ) Tj ET Q q 0 0 0 rg BT 164.80 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.98 713.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.97 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.82 713.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.45 713.10 Td (five ) Tj ET Q q 0 0 0 rg BT 223.85 713.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.94 713.10 Td (.Leasehold ) Tj ET Q q 0 0 0 rg BT 295.39 713.10 Td (improvements ) Tj ET Q q 0 0 0 rg BT 354.45 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 368.51 713.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 410.34 713.10 Td (over ) Tj ET Q q 0 0 0 rg BT 429.96 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.03 713.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 473.65 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.83 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 497.89 713.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 538.06 713.10 Td (useful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (life ) Tj ET Q q 0 0 0 rg BT 65.33 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 76.16 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 90.87 701.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 133.91 701.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 156.40 701.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Leased ) Tj ET Q q 0 0 0 rg BT 98.93 677.10 Td (property ) Tj ET Q q 0 0 0 rg BT 135.92 677.10 Td (meeting ) Tj ET Q q 0 0 0 rg BT 171.25 677.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 201.56 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 231.33 677.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 254.43 677.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 285.85 677.10 Td (is ) Tj ET Q q 0 0 0 rg BT 295.64 677.10 Td (capitalized, ) Tj ET Q q 0 0 0 rg BT 344.56 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 362.11 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.44 677.10 Td (present ) Tj ET Q q 0 0 0 rg BT 409.43 677.10 Td (value ) Tj ET Q q 0 0 0 rg BT 434.20 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.65 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.98 677.10 Td (related ) Tj ET Q q 0 0 0 rg BT 491.29 677.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 514.39 677.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 555.83 677.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 86.58 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 97.02 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 103.57 665.10 Td (liability) Tj ET Q q 0 0 0 rg BT 134.03 665.10 Td (.) Tj ET Q q 0 0 0 rg BT 140.98 665.10 Td (Amortization ) Tj ET Q q 0 0 0 rg BT 196.41 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.85 665.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 252.26 665.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 279.36 665.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 304.80 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 313.58 665.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 355.12 665.10 Td (using ) Tj ET Q q 0 0 0 rg BT 378.90 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.23 665.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 443.66 665.10 Td (method ) Tj ET Q q 0 0 0 rg BT 475.76 665.10 Td (over ) Tj ET Q q 0 0 0 rg BT 495.64 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.96 665.10 Td (shorter ) Tj ET Q q 0 0 0 rg BT 539.84 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 665.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 653.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 117.26 653.10 Td (life ) Tj ET Q q 0 0 0 rg BT 133.08 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.91 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.63 653.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 181.12 653.10 Td (term.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td (Maintenance ) Tj ET Q q 0 0 0 rg BT 120.97 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.24 629.10 Td (repair ) Tj ET Q q 0 0 0 rg BT 162.38 629.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 184.21 629.10 Td (that ) Tj ET Q q 0 0 0 rg BT 201.04 629.10 Td (do ) Tj ET Q q 0 0 0 rg BT 212.87 629.10 Td (not ) Tj ET Q q 0 0 0 rg BT 227.48 629.10 Td (extend ) Tj ET Q q 0 0 0 rg BT 255.96 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.01 629.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 296.28 629.10 Td (life ) Tj ET Q q 0 0 0 rg BT 311.43 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.59 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.64 629.10 Td (property ) Tj ET Q q 0 0 0 rg BT 371.35 629.10 Td (or ) Tj ET Q q 0 0 0 rg BT 381.51 629.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 425.55 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.59 629.10 Td (char) Tj ET Q q 0 0 0 rg BT 456.61 629.10 Td (ged ) Tj ET Q q 0 0 0 rg BT 472.88 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 482.49 629.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 516.53 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.69 629.10 Td (incurred.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 90.90 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.52 605.10 Td (Other) Tj ET Q q 0 0 0 rg BT 134.89 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 137.39 605.10 Td (Intangible ) Tj ET Q q 0 0 0 rg BT 183.24 605.10 Td (Assets) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 108.73 581.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 154.39 581.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 192.82 581.10 Td (on ) Tj ET Q q 0 0 0 rg BT 206.27 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 223.04 581.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 279.27 581.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 314.92 581.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 344.47 581.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 394.01 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.67 581.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 439.22 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 451.00 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.66 581.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 505.65 581.10 Td (price ) Tj ET Q q 0 0 0 rg BT 529.08 581.10 Td (over ) Tj ET Q q 0 0 0 rg BT 550.30 581.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.34 569.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 106.74 569.10 Td (value ) Tj ET Q q 0 0 0 rg BT 130.92 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.78 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.52 569.10 Td (net ) Tj ET Q q 0 0 0 rg BT 171.26 569.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 197.11 569.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 234.06 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 244.36 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.10 569.10 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 305.50 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.36 569.10 Td (businesses. ) Tj ET Q q 0 0 0 rg BT 363.60 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.13 569.10 Td (Goodwill ) Tj ET Q q 0 0 0 rg BT 406.43 569.10 Td (was ) Tj ET Q q 0 0 0 rg BT 424.50 569.10 Td (not ) Tj ET Q q 0 0 0 rg BT 439.81 569.10 Td (amortized; ) Tj ET Q q 0 0 0 rg BT 485.09 569.10 Td (rather) Tj ET Q q 0 0 0 rg BT 508.00 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 513.03 569.10 Td (it ) Tj ET Q q 0 0 0 rg BT 521.11 569.10 Td (was ) Tj ET Q q 0 0 0 rg BT 539.18 569.10 Td (tested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.96 557.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 112.85 557.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 150.09 557.10 Td (during ) Tj ET Q q 0 0 0 rg BT 178.99 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.01 557.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 221.24 557.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 252.36 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.48 557.10 Td (when ) Tj ET Q q 0 0 0 rg BT 287.94 557.10 Td (events ) Tj ET Q q 0 0 0 rg BT 316.29 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 327.42 557.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 362.42 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.00 557.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 432.43 557.10 Td (indicated ) Tj ET Q q 0 0 0 rg BT 471.88 557.10 Td (that ) Tj ET Q q 0 0 0 rg BT 489.68 557.10 Td (it ) Tj ET Q q 0 0 0 rg BT 498.03 557.10 Td (was ) Tj ET Q q 0 0 0 rg BT 516.38 557.10 Td (more ) Tj ET Q q 0 0 0 rg BT 539.72 557.10 Td (likely ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (than ) Tj ET Q q 0 0 0 rg BT 68.39 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 82.84 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.73 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 112.28 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 135.61 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 145.61 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.72 545.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 190.05 545.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 207.28 545.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.73 545.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 263.96 545.10 Td (was ) Tj ET Q q 0 0 0 rg BT 281.18 545.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 314.50 545.10 Td (below ) Tj ET Q q 0 0 0 rg BT 340.61 545.10 Td (its ) Tj ET Q q 0 0 0 rg BT 351.73 545.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 386.72 545.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 412.54 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.22 545.10 Td (Because ) Tj ET Q q 0 0 0 rg BT 449.20 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.09 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 478.64 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 501.97 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.97 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.86 545.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 67.95 533.10 Td (\(enterprise ) Tj ET Q q 0 0 0 rg BT 113.59 533.10 Td (value\) ) Tj ET Q q 0 0 0 rg BT 141.47 533.10 Td (did ) Tj ET Q q 0 0 0 rg BT 157.14 533.10 Td (not ) Tj ET Q q 0 0 0 rg BT 172.81 533.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 203.45 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.56 533.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 235.33 533.10 Td (value ) Tj ET Q q 0 0 0 rg BT 259.87 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 271.09 533.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 297.31 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.64 533.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 357.25 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 371.80 533.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 409.67 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 417.00 533.10 Td (goodwill ) Tj ET Q q 0 0 0 rg BT 455.44 533.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 504.43 533.10 Td (char) Tj ET Q q 0 0 0 rg BT 521.46 533.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 533.79 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.01 533.10 Td ($1.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 75.61 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 78.11 521.10 Td (during ) Tj ET Q q 0 0 0 rg BT 106.72 521.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 129.22 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.50 521.10 Td (fully ) Tj ET Q q 0 0 0 rg BT 160.89 521.10 Td (impair ) Tj ET Q q 0 0 0 rg BT 189.49 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.21 521.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 240.02 521.10 Td (value ) Tj ET Q q 0 0 0 rg BT 264.18 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.01 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 290.84 521.10 Td (goodwill. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 497.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.16 497.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 127.25 497.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 148.79 497.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 179.22 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.10 497.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 241.74 497.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 281.06 497.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 314.83 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 325.26 497.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 361.25 497.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 397.80 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 407.68 497.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 445.32 497.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 491.29 497.10 Td (to ) Tj ET Q q 0 0 0 rg BT 501.18 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 507.72 497.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 521.61 495.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.86 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 526.96 497.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 83.35 485.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.78 485.10 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 166.10 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.53 485.10 Td (of) Tj ET Q q 0 0 0 rg BT 183.68 485.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 205.32 485.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.21 483.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.46 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.11 485.10 Td (from ) Tj ET Q q 0 0 0 rg BT 245.19 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.06 485.10 Td (Lost ) Tj ET Q q 0 0 0 rg BT 278.49 485.10 Td (Cabin ) Tj ET Q q 0 0 0 rg BT 304.02 485.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.00 485.10 Td (plant ) Tj ET Q q 0 0 0 rg BT 340.65 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 349.96 485.10 Td (W) Tj ET Q q 0 0 0 rg BT 358.79 485.10 Td (yoming ) Tj ET Q q 0 0 0 rg BT 391.00 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 407.09 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 415.41 485.10 Td (included ) Tj ET Q q 0 0 0 rg BT 451.49 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 460.92 485.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.90 485.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.32 485.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 78.17 473.10 Td (under ) Tj ET Q q 0 0 0 rg BT 103.50 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.27 473.10 Td (caption ) Tj ET Q q 0 0 0 rg BT 150.27 473.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 180.03 473.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 212.86 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.24 473.10 Td (W) Tj ET Q q 0 0 0 rg BT 223.88 473.10 Td (e ) Tj ET Q q 0 0 0 rg BT 230.87 473.10 Td (amortize ) Tj ET Q q 0 0 0 rg BT 268.42 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.19 473.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.08 471.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.33 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.89 473.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 337.66 473.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 380.21 473.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 402.20 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 414.76 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 421.76 473.10 Td (straight-line ) Tj ET Q q 0 0 0 rg BT 472.64 473.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.20 473.10 Td (over ) Tj ET Q q 0 0 0 rg BT 515.53 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.31 473.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (term. ) Tj ET Q q 0 0 0 rg BT 72.55 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 74.61 461.10 Td (T) Tj ET Q q 0 0 0 rg BT 80.02 461.10 Td (otal ) Tj ET Q q 0 0 0 rg BT 97.24 461.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 150.00 461.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 184.43 461.10 Td (related ) Tj ET Q q 0 0 0 rg BT 213.85 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.86 461.10 Td (this ) Tj ET Q q 0 0 0 rg BT 240.53 461.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 262.19 461.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 279.96 461.10 Td ($2.3 ) Tj ET Q q 0 0 0 rg BT 299.69 461.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.58 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.80 461.10 Td (during ) Tj ET Q q 0 0 0 rg BT 359.13 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.57 461.10 Td (years ) Tj ET Q q 0 0 0 rg BT 396.90 461.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.00 461.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 481.30 461.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.30 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.53 461.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.19 461.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.19 461.10 Td (. ) Tj ET Q q 0 0 0 rg BT 544.91 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.97 461.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (following ) Tj ET Q q 0 0 0 rg BT 90.82 449.10 Td (table ) Tj ET Q q 0 0 0 rg BT 112.69 449.10 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 162.89 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.54 449.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 213.29 449.10 Td (value ) Tj ET Q q 0 0 0 rg BT 237.38 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.14 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 263.90 449.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 277.80 447.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.05 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 283.48 449.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 321.45 449.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 356.09 449.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 398.51 449.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 420.38 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.15 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.91 449.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 500.43 449.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.43 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.86 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.74 449.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.74 449.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 408.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 408.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 408.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 408.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 378.60 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 378.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 378.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 378.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 423.6 m 494 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 423.6 m 563 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 408.6 m 425 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 423.6 m 494 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 408.6 m 494 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 423.6 m 498 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 423.6 m 563 423.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 408.6 m 563 408.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 378.6 m 494 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 378.6 m 563 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 378.6 m 494 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 364.6 m 494 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 362.6 m 494 362.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 378.6 m 563 378.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 364.6 m 563 364.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 362.6 m 563 362.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 428.27 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 413.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 413.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 413.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 398.27 Td (Intangible asset value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 398.27 Td (34,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 398.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 398.27 Td (34,341) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 383.27 Td (Accumulated amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.30 383.32 Td (\(8,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 383.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.30 383.32 Td (\(5,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 559.15 383.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 368.27 Td (Net book value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 368.27 Td (26,138) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 368.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 368.27 Td (28,426) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 340.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.22 340.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.16 340.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 150.85 340.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.85 340.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.96 340.10 Td (our ) Tj ET Q q 0 0 0 rg BT 191.89 340.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 232.82 340.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 285.97 340.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 320.78 340.10 Td (for ) Tj ET Q q 0 0 0 rg BT 335.05 340.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.99 340.10 Td (intangible ) Tj ET Q q 0 0 0 rg BT 393.58 340.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 415.63 340.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 446.56 340.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.95 340.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 510.09 340.10 Td (over ) Tj ET Q q 0 0 0 rg BT 530.47 340.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.29 340.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.10 Td (five ) Tj ET Q q 0 0 0 rg BT 67.55 328.10 Td (years ) Tj ET Q q 0 0 0 rg BT 91.15 328.10 Td (is ) Tj ET Q q 0 0 0 rg BT 100.32 328.10 Td (as ) Tj ET Q q 0 0 0 rg BT 111.15 328.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 302.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 302.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 302.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 272.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 272.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 272.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 242.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 242.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 242.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 302.6 m 493 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 302.6 m 562 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 302.6 m 493 302.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 302.6 m 562 302.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 307.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 307.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 292.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 292.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 292.27 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 277.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 277.27 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 262.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 262.27 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 247.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 247.27 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 232.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 232.27 Td (2,289) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 228.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 204.10 Td (Impairment ) Tj ET Q q 0 0 0 rg BT 103.11 204.10 Td (Assessment ) Tj ET Q q 0 0 0 rg BT 154.50 204.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.33 204.10 Td (Long-Lived ) Tj ET Q q 0 0 0 rg BT 217.28 204.10 Td (Assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 180.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.45 180.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 116.73 180.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.46 180.10 Td (our ) Tj ET Q q 0 0 0 rg BT 143.19 180.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 188.90 180.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 202.79 178.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.04 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 208.44 180.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 230.84 180.10 Td (related ) Tj ET Q q 0 0 0 rg BT 260.44 180.10 Td (to ) Tj ET Q q 0 0 0 rg BT 270.62 180.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 284.51 178.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.76 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 290.16 180.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 325.32 180.10 Td (and ) Tj ET Q q 0 0 0 rg BT 342.16 180.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 356.05 178.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.30 180.10 Td ( ) Tj ET Q q 0 0 0 rg BT 361.70 180.10 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 400.20 180.10 Td (that ) Tj ET Q q 0 0 0 rg BT 417.60 180.10 Td (we ) Tj ET Q q 0 0 0 rg BT 431.66 180.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 467.38 180.10 Td (will ) Tj ET Q q 0 0 0 rg BT 485.33 180.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.17 180.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 540.12 180.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 180.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 168.10 Td (process ) Tj ET Q q 0 0 0 rg BT 82.19 168.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.22 168.10 Td (producing ) Tj ET Q q 0 0 0 rg BT 136.46 168.10 Td (our ) Tj ET Q q 0 0 0 rg BT 152.49 168.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 182.95 168.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 196.21 168.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.35 168.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 243.81 168.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 259.83 168.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 295.29 168.10 Td (is ) Tj ET Q q 0 0 0 rg BT 304.66 168.10 Td (included ) Tj ET Q q 0 0 0 rg BT 341.79 168.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.27 168.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.18 168.10 Td (full ) Tj ET Q q 0 0 0 rg BT 383.77 168.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 402.57 168.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 423.05 168.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 452.96 168.10 Td (test ) Tj ET Q q 0 0 0 rg BT 469.54 168.10 Td (as ) Tj ET Q q 0 0 0 rg BT 480.57 168.10 Td (a ) Tj ET Q q 0 0 0 rg BT 487.71 168.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 528.17 168.10 Td (to ) Tj ET Q q 0 0 0 rg BT 538.64 168.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 156.10 Td (net ) Tj ET Q q 0 0 0 rg BT 64.82 156.10 Td (revenues.) Tj ET Q q 0 0 0 rg BT 107.67 156.10 Td (The ) Tj ET Q q 0 0 0 rg BT 126.32 156.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 169.96 156.10 Td (net ) Tj ET Q q 0 0 0 rg BT 185.28 156.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 231.69 156.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 254.79 156.10 Td (that ) Tj ET Q q 0 0 0 rg BT 272.88 156.10 Td (are ) Tj ET Q q 0 0 0 rg BT 288.19 156.10 Td (not ) Tj ET Q q 0 0 0 rg BT 304.07 156.10 Td (included ) Tj ET Q q 0 0 0 rg BT 341.60 156.10 Td (in ) Tj ET Q q 0 0 0 rg BT 352.48 156.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.80 156.10 Td (full ) Tj ET Q q 0 0 0 rg BT 384.79 156.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 404.00 156.10 Td (pool ) Tj ET Q q 0 0 0 rg BT 424.88 156.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 455.19 156.10 Td (test, ) Tj ET Q q 0 0 0 rg BT 474.68 156.10 Td (and ) Tj ET Q q 0 0 0 rg BT 492.21 156.10 Td (related ) Tj ET Q q 0 0 0 rg BT 522.52 156.10 Td (intangible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 144.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.92 144.10 Td (are ) Tj ET Q q 0 0 0 rg BT 92.72 144.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 123.63 144.10 Td (to ) Tj ET Q q 0 0 0 rg BT 134.00 144.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 177.69 144.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 199.72 144.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 248.41 144.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 277.66 144.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 319.12 144.10 Td (events ) Tj ET Q q 0 0 0 rg BT 347.25 144.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.17 144.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 392.97 144.10 Td (in ) Tj ET Q q 0 0 0 rg BT 403.34 144.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 462.57 144.10 Td (indicate ) Tj ET Q q 0 0 0 rg BT 496.81 144.10 Td (that ) Tj ET Q q 0 0 0 rg BT 514.39 144.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.20 144.10 Td (carrying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 132.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 132.10 Td (may ) Tj ET Q q 0 0 0 rg BT 93.37 132.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.65 132.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.59 132.10 Td (recoverable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 108.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 108.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.52 108.10 Td (perform ) Tj ET Q q 0 0 0 rg BT 118.67 108.10 Td (our ) Tj ET Q q 0 0 0 rg BT 134.95 108.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 178.99 108.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 201.38 108.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 250.42 108.10 Td (test ) Tj ET Q q 0 0 0 rg BT 267.25 108.10 Td (by ) Tj ET Q q 0 0 0 rg BT 280.20 108.10 Td (comparing ) Tj ET Q q 0 0 0 rg BT 325.90 108.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.06 108.10 Td (net ) Tj ET Q q 0 0 0 rg BT 356.23 108.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 392.49 108.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 415.43 108.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.70 108.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.98 108.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 487.03 108.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 509.41 108.10 Td (groups ) Tj ET Q q 0 0 0 rg BT 539.58 108.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 108.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 96.10 Td (respective ) Tj ET Q q 0 0 0 rg BT 92.41 96.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 130.32 96.10 Td (future ) Tj ET Q q 0 0 0 rg BT 156.57 96.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 212.27 96.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.86 96.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 247.00 96.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 271.60 96.10 Td (that ) Tj ET Q q 0 0 0 rg BT 288.97 96.10 Td (are ) Tj ET Q q 0 0 0 rg BT 303.56 96.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 345.37 96.10 Td (by ) Tj ET Q q 0 0 0 rg BT 357.74 96.10 Td (these ) Tj ET Q q 0 0 0 rg BT 380.67 96.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 424.15 96.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.85 96.10 Td (which ) Tj ET Q q 0 0 0 rg BT 476.67 96.10 Td (include ) Tj ET Q q 0 0 0 rg BT 508.47 96.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 96.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 84.10 Td (our ) Tj ET Q q 0 0 0 rg BT 65.28 84.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 102.71 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 119.59 84.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 154.81 84.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 167.82 84.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.70 84.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 214.91 84.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 230.68 84.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 268.39 84.10 Td ( ) Tj ET Q q 0 0 0 rg BT 270.83 84.10 Td (If ) Tj ET Q q 0 0 0 rg BT 279.94 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 84.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 350.37 84.10 Td (net ) Tj ET Q q 0 0 0 rg BT 365.03 84.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.25 84.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 409.91 84.10 Td (are ) Tj ET Q q 0 0 0 rg BT 424.57 84.10 Td (below ) Tj ET Q q 0 0 0 rg BT 451.45 84.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.11 84.10 Td (net ) Tj ET Q q 0 0 0 rg BT 480.77 84.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 516.54 84.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 538.98 84.10 Td (for ) Tj ET Q q 0 0 0 rg BT 553.09 84.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 72.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 71.77 72.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 100.44 72.10 Td (we ) Tj ET Q q 0 0 0 rg BT 114.93 72.10 Td (must ) Tj ET Q q 0 0 0 rg BT 137.21 72.10 Td (record ) Tj ET Q q 0 0 0 rg BT 165.59 72.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.86 72.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 226.79 72.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 245.19 72.10 Td (by ) Tj ET Q q 0 0 0 rg BT 258.02 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.07 72.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 308.40 72.10 Td (if ) Tj ET Q q 0 0 0 rg BT 317.35 72.10 Td (any) Tj ET Q q 0 0 0 rg BT 331.14 72.10 Td (, ) Tj ET Q q 0 0 0 rg BT 336.47 72.10 Td (that ) Tj ET Q q 0 0 0 rg BT 354.30 72.10 Td (net ) Tj ET Q q 0 0 0 rg BT 369.35 72.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 405.50 72.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 428.34 72.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 458.92 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.98 72.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 490.69 72.10 Td (value ) Tj ET Q q 0 0 0 rg BT 515.18 72.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.34 72.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 72.10 Td (long-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 60.10 Td (lived ) Tj ET Q q 0 0 0 rg BT 72.00 60.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 93.93 60.10 Td (group.) Tj ET Q endstream endobj 153 0 obj <> endobj 154 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (Due ) Tj ET Q q 0 0 0 rg BT 86.63 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 96.87 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 108.78 701.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 144.00 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 154.25 701.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 172.82 701.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 212.50 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 222.75 701.10 Td (correct ) Tj ET Q q 0 0 0 rg BT 252.97 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.87 701.10 Td (remedy ) Tj ET Q q 0 0 0 rg BT 302.33 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.01 701.10 Td (sulfur ) Tj ET Q q 0 0 0 rg BT 342.81 701.10 Td (deposition ) Tj ET Q q 0 0 0 rg BT 386.94 701.10 Td (issues ) Tj ET Q q 0 0 0 rg BT 413.30 701.10 Td (at ) Tj ET Q q 0 0 0 rg BT 422.98 701.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 447.11 701.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 473.47 701.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 511.48 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 521.73 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.41 701.10 Td (results ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.67 689.10 Td (preliminary ) Tj ET Q q 0 0 0 rg BT 110.15 689.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 160.19 689.10 Td (design ) Tj ET Q q 0 0 0 rg BT 189.13 689.10 Td (ef) Tj ET Q q 0 0 0 rg BT 196.72 689.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 217.89 689.10 Td (received ) Tj ET Q q 0 0 0 rg BT 254.59 689.10 Td (late ) Tj ET Q q 0 0 0 rg BT 271.86 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 282.47 689.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 305.31 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.58 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.63 689.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 375.46 689.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 405.51 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 418.34 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.40 689.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 476.78 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 487.95 689.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 512.45 689.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 539.17 689.10 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (within ) Tj ET Q q 0 0 0 rg BT 78.12 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.39 677.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 122.56 677.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 164.50 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 187.00 677.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 215.89 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 230.61 677.10 Td (performed ) Tj ET Q q 0 0 0 rg BT 275.32 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 282.81 677.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 326.98 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 349.47 677.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 398.63 677.10 Td (test ) Tj ET Q q 0 0 0 rg BT 415.58 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.30 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.57 677.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 474.74 677.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 516.69 677.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 539.18 677.10 Td (group ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (during ) Tj ET Q q 0 0 0 rg BT 79.57 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 95.75 665.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 124.15 665.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 156.43 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.72 665.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 195.18 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 199.15 665.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 246.99 665.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 300.40 665.10 Td (impacting ) Tj ET Q q 0 0 0 rg BT 344.35 665.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 383.85 665.10 Td (future ) Tj ET Q q 0 0 0 rg BT 411.69 665.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 468.98 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 485.15 665.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 506.89 665.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 533.07 665.10 Td (include ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 95.64 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.68 653.10 Td (future ) Tj ET Q q 0 0 0 rg BT 131.26 653.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 178.52 653.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 206.61 653.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 252.75 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 262.79 653.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 302.82 653.10 Td (reserve ) Tj ET Q q 0 0 0 rg BT 333.39 653.10 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 376.48 653.10 Td (projections ) Tj ET Q q 0 0 0 rg BT 422.62 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 432.66 653.10 Td (future ) Tj ET Q q 0 0 0 rg BT 458.25 653.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 478.83 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.87 653.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 536.40 653.10 Td (timing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.76 641.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 97.57 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.72 641.10 Td (future ) Tj ET Q q 0 0 0 rg BT 133.41 641.10 Td (development ) Tj ET Q q 0 0 0 rg BT 186.88 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.14 641.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 242.72 641.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 267.04 641.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 306.06 641.10 Td (availability ) Tj ET Q q 0 0 0 rg BT 352.86 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 369.12 641.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 387.04 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 397.19 641.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 411.08 639.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.33 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 418.65 641.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 457.67 641.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 494.46 641.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 523.49 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.64 641.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.57 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 101.32 629.10 Td (risk-adjustment ) Tj ET Q q 0 0 0 rg BT 165.84 629.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 195.35 629.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 227.10 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.19 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.71 629.10 Td (net ) Tj ET Q q 0 0 0 rg BT 266.24 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 286.32 629.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 315.68 629.10 Td (The ) Tj ET Q q 0 0 0 rg BT 333.54 629.10 Td (undiscounted ) Tj ET Q q 0 0 0 rg BT 389.17 629.10 Td (net ) Tj ET Q q 0 0 0 rg BT 403.70 629.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 423.78 629.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 448.31 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 462.28 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 477.92 629.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 499.67 629.10 Td (group ) Tj ET Q q 0 0 0 rg BT 525.30 629.10 Td (exceeded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 617.10 Td (net ) Tj ET Q q 0 0 0 rg BT 78.93 617.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 114.75 617.10 Td (costs; ) Tj ET Q q 0 0 0 rg BT 140.03 617.10 Td (thus, ) Tj ET Q q 0 0 0 rg BT 161.70 617.10 Td (step ) Tj ET Q q 0 0 0 rg BT 180.31 617.10 Td (two ) Tj ET Q q 0 0 0 rg BT 197.81 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 208.64 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.35 617.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 271.95 617.10 Td (test ) Tj ET Q q 0 0 0 rg BT 288.34 617.10 Td (was ) Tj ET Q q 0 0 0 rg BT 306.39 617.10 Td (not ) Tj ET Q q 0 0 0 rg BT 321.67 617.10 Td (required ) Tj ET Q q 0 0 0 rg BT 357.48 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 374.42 617.10 Td (no ) Tj ET Q q 0 0 0 rg BT 386.92 617.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 435.52 617.10 Td (was ) Tj ET Q q 0 0 0 rg BT 453.57 617.10 Td (recorded.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 74.77 593.10 Td (Retir) Tj ET Q q 0 0 0 rg BT 96.80 593.10 Td (ement ) Tj ET Q q 0 0 0 rg BT 125.40 593.10 Td (Obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 569.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.17 569.10 Td (general, ) Tj ET Q q 0 0 0 rg BT 114.44 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 131.11 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 158.33 569.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 181.11 569.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 225.54 569.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 273.32 569.10 Td (relate ) Tj ET Q q 0 0 0 rg BT 298.86 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.98 569.10 Td (future ) Tj ET Q q 0 0 0 rg BT 337.20 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 360.54 569.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 404.98 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 426.10 569.10 Td (plugging ) Tj ET Q q 0 0 0 rg BT 465.00 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.78 569.10 Td (abandoning ) Tj ET Q q 0 0 0 rg BT 532.77 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 549.44 569.10 Td (oil, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 79.07 557.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 94.21 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.46 557.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 124.36 555.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.60 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 129.42 557.10 Td (wells, ) Tj ET Q q 0 0 0 rg BT 154.83 557.10 Td (removing ) Tj ET Q q 0 0 0 rg BT 194.97 557.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 238.99 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 255.24 557.10 Td (facilities ) Tj ET Q q 0 0 0 rg BT 291.48 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 312.73 557.10 Td (leased ) Tj ET Q q 0 0 0 rg BT 339.53 557.10 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 374.36 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.61 557.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 429.07 557.10 Td (land ) Tj ET Q q 0 0 0 rg BT 448.10 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 457.69 557.10 Td (its ) Tj ET Q q 0 0 0 rg BT 468.95 557.10 Td (original ) Tj ET Q q 0 0 0 rg BT 501.86 557.10 Td (condition.) Tj ET Q q 0 0 0 rg BT 546.96 557.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 65.75 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 89.78 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.48 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 107.29 545.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 140.77 545.10 Td (for ) Tj ET Q q 0 0 0 rg BT 154.80 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 166.61 545.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 188.42 545.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 231.88 545.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 274.81 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 283.85 545.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 321.20 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.35 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 345.94 545.10 Td (period ) Tj ET Q q 0 0 0 rg BT 373.86 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 384.01 545.10 Td (which ) Tj ET Q q 0 0 0 rg BT 410.82 545.10 Td (it ) Tj ET Q q 0 0 0 rg BT 418.75 545.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.79 545.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 465.97 545.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 511.67 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.82 545.10 Td (its ) Tj ET Q q 0 0 0 rg BT 533.64 545.10 Td (present ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.61 533.10 Td (using ) Tj ET Q q 0 0 0 rg BT 97.73 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 113.52 533.10 Td (credit-adjusted-risk-free ) Tj ET Q q 0 0 0 rg BT 212.59 533.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 244.47 533.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 264.41 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.30 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 288.20 533.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 347.86 533.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 380.31 533.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 426.06 533.10 Td (by ) Tj ET Q q 0 0 0 rg BT 438.52 533.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 482.07 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.74 533.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 532.51 533.10 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.31 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 521.10 Td (related ) Tj ET Q q 0 0 0 rg BT 104.68 521.10 Td (long-lived ) Tj ET Q q 0 0 0 rg BT 148.25 521.10 Td (asset.) Tj ET Q q 0 0 0 rg BT 175.01 521.10 Td (The ) Tj ET Q q 0 0 0 rg BT 193.04 521.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 226.62 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 235.76 521.10 Td (accreted ) Tj ET Q q 0 0 0 rg BT 271.54 521.10 Td (each ) Tj ET Q q 0 0 0 rg BT 292.33 521.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 322.85 521.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.77 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.46 521.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 400.24 521.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 418.83 521.10 Td (is ) Tj ET Q q 0 0 0 rg BT 427.97 521.10 Td (depreciated ) Tj ET Q q 0 0 0 rg BT 476.53 521.10 Td (over ) Tj ET Q q 0 0 0 rg BT 496.77 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.46 521.10 Td (useful ) Tj ET Q q 0 0 0 rg BT 538.38 521.10 Td (life ) Tj ET Q q 0 0 0 rg BT 554.18 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.79 509.10 Td (related ) Tj ET Q q 0 0 0 rg BT 95.07 509.10 Td (asset.Revisions ) Tj ET Q q 0 0 0 rg BT 164.54 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.39 509.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 216.79 509.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 260.96 509.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 308.48 509.10 Td (will ) Tj ET Q q 0 0 0 rg BT 327.11 509.10 Td (result ) Tj ET Q q 0 0 0 rg BT 352.41 509.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.26 509.10 Td (an ) Tj ET Q q 0 0 0 rg BT 375.78 509.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 422.74 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.60 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.89 509.10 Td (related ) Tj ET Q q 0 0 0 rg BT 479.17 509.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 525.55 509.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 548.07 509.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 109.37 497.10 Td (liability) Tj ET Q q 0 0 0 rg BT 139.83 497.10 Td (.If ) Tj ET Q q 0 0 0 rg BT 156.66 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.55 497.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 205.32 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 219.65 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.75 497.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 244.98 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.98 497.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 286.41 497.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 302.41 497.10 Td (well ) Tj ET Q q 0 0 0 rg BT 322.29 497.10 Td (is ) Tj ET Q q 0 0 0 rg BT 331.63 497.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 360.40 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 374.73 497.10 Td (an ) Tj ET Q q 0 0 0 rg BT 386.83 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 419.49 497.10 Td (other ) Tj ET Q q 0 0 0 rg BT 442.71 497.10 Td (than ) Tj ET Q q 0 0 0 rg BT 462.59 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 477.48 497.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 515.12 497.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 550.28 497.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (dif) Tj ET Q q 0 0 0 rg BT 60.43 485.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 92.34 485.10 Td (is ) Tj ET Q q 0 0 0 rg BT 101.51 485.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 138.99 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.27 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.98 485.10 Td (full ) Tj ET Q q 0 0 0 rg BT 180.37 485.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 198.98 485.10 Td (pool, ) Tj ET Q q 0 0 0 rg BT 221.76 485.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 249.26 485.10 Td (significant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (Asset ) Tj ET Q q 0 0 0 rg BT 92.73 461.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 136.82 461.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 184.27 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.49 461.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 240.82 461.10 Td (at ) Tj ET Q q 0 0 0 rg BT 251.04 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.26 461.10 Td (present ) Tj ET Q q 0 0 0 rg BT 298.15 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 322.81 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.15 461.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 372.68 461.10 Td (future ) Tj ET Q q 0 0 0 rg BT 399.57 461.10 Td (net ) Tj ET Q q 0 0 0 rg BT 414.79 461.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 435.57 461.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 465.11 461.10 Td (W) Tj ET Q q 0 0 0 rg BT 473.75 461.10 Td (e ) Tj ET Q q 0 0 0 rg BT 481.19 461.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 509.19 461.10 Td (unobservable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 76.41 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 86.65 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.33 449.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 145.46 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.25 449.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 178.15 449.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 221.70 449.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 268.61 449.10 Td (that ) Tj ET Q q 0 0 0 rg BT 286.07 449.10 Td (include, ) Tj ET Q q 0 0 0 rg BT 320.47 449.10 Td (but ) Tj ET Q q 0 0 0 rg BT 335.71 449.10 Td (are ) Tj ET Q q 0 0 0 rg BT 350.38 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 365.62 449.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 396.41 449.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 409.16 449.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 431.62 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.41 449.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 465.42 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.32 449.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 523.94 449.10 Td (profits ) Tj ET Q q 0 0 0 rg BT 552.51 449.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 70.80 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 80.44 437.10 Td (labor ) Tj ET Q q 0 0 0 rg BT 102.29 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.03 437.10 Td (materials, ) Tj ET Q q 0 0 0 rg BT 158.48 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.00 437.10 Td (ef) Tj ET Q q 0 0 0 rg BT 179.59 437.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 195.88 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.51 437.10 Td (inflation ) Tj ET Q q 0 0 0 rg BT 240.69 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.00 437.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 291.62 437.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 315.42 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.16 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.68 437.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 379.87 437.10 Td (rate.) Tj ET Q q 0 0 0 rg BT 401.80 437.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 451.14 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 454.94 437.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 475.68 437.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 518.08 437.10 Td (obligations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 425.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 110.02 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 116.96 425.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 142.22 425.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 149.72 425.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 205.54 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 230.80 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.52 425.10 Td (F) Tj ET Q q 0 0 0 rg BT 250.34 425.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 272.29 425.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 292.57 425.10 Td (V) Tj ET Q q 0 0 0 rg BT 297.57 425.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 317.29 425.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 347.47 425.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.35 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 373.85 425.10 Td (topic.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (Commodity Derivative Contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 377.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 377.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.70 377.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 109.82 377.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 122.50 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.07 377.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 168.96 377.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 184.41 377.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 226.52 377.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 264.74 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 274.65 377.10 Td (mitigate ) Tj ET Q q 0 0 0 rg BT 309.54 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.00 377.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 363.22 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 373.13 377.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 420.81 377.10 Td (price ) Tj ET Q q 0 0 0 rg BT 442.92 377.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 460.04 377.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 503.26 377.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.17 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 538.63 377.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 61.99 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 78.35 365.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 108.04 365.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 123.30 365.10 Td (production.) Tj ET Q q 0 0 0 rg BT 173.95 365.10 Td (These ) Tj ET Q q 0 0 0 rg BT 199.75 365.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 241.66 365.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 279.69 365.10 Td (have ) Tj ET Q q 0 0 0 rg BT 300.49 365.10 Td (historically ) Tj ET Q q 0 0 0 rg BT 347.41 365.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 386.56 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.81 365.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 430.69 365.10 Td (in ) Tj ET Q q 0 0 0 rg BT 440.40 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.54 365.10 Td (form ) Tj ET Q q 0 0 0 rg BT 475.91 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.17 365.10 Td (price ) Tj ET Q q 0 0 0 rg BT 508.08 365.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 535.84 365.10 Td (collars ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.22 353.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 102.58 353.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 134.12 353.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 180.37 353.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 207.20 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.03 353.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 270.27 353.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 297.10 353.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 337.25 353.10 Td (with ) Tj ET Q q 0 0 0 rg BT 357.41 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 364.24 353.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 383.29 353.10 Td (put.Our ) Tj ET Q q 0 0 0 rg BT 421.51 353.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 463.88 353.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 501.24 353.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 550.29 353.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 87.46 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.44 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.64 341.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 149.15 341.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 172.68 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.99 341.10 Td (either ) Tj ET Q q 0 0 0 rg BT 209.73 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 222.15 341.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 244.57 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 255.88 341.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.30 341.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 297.39 341.10 Td (measured ) Tj ET Q q 0 0 0 rg BT 338.69 341.10 Td (at ) Tj ET Q q 0 0 0 rg BT 348.88 341.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 365.74 341.10 Td (value.) Tj ET Q q 0 0 0 rg BT 394.72 341.10 Td (W) Tj ET Q q 0 0 0 rg BT 403.35 341.10 Td (e ) Tj ET Q q 0 0 0 rg BT 410.77 341.10 Td (do ) Tj ET Q q 0 0 0 rg BT 423.76 341.10 Td (not ) Tj ET Q q 0 0 0 rg BT 439.51 341.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 464.71 341.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 491.57 341.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 538.42 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 341.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.95 329.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 140.82 329.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 182.59 329.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 229.14 329.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.54 329.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 269.64 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 280.32 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.43 329.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 312.20 329.10 Td (value ) Tj ET Q q 0 0 0 rg BT 336.75 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 347.98 329.10 Td (these ) Tj ET Q q 0 0 0 rg BT 371.42 329.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 420.98 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.08 329.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 482.84 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.51 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.74 329.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.88 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.71 317.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 153.09 317.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.37 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.08 317.10 Td (period ) Tj ET Q q 0 0 0 rg BT 206.13 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.96 317.10 Td (change.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (Concentrations of Cr) Tj ET Q q 0 0 0 rg BT 139.86 293.10 Td (edit Risk) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 86.12 269.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 124.16 269.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 173.89 269.10 Td (that ) Tj ET Q q 0 0 0 rg BT 191.95 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 207.23 269.10 Td (exposed ) Tj ET Q q 0 0 0 rg BT 243.06 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.90 269.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 315.28 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.68 269.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 352.50 269.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 370.57 269.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 401.41 269.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 441.69 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.09 269.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 473.92 269.10 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 525.03 269.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 548.08 269.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 84.23 257.10 Td (production ) Tj ET Q q 0 0 0 rg BT 131.20 257.10 Td (receivables, ) Tj ET Q q 0 0 0 rg BT 182.31 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.39 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.26 257.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 259.88 257.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 310.19 257.10 Td (discussed ) Tj ET Q q 0 0 0 rg BT 352.16 257.10 Td (above.Our ) Tj ET Q q 0 0 0 rg BT 402.74 257.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 424.15 257.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 473.33 257.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 513.62 257.10 Td (high-quality ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 90.40 245.10 Td (placed ) Tj ET Q q 0 0 0 rg BT 119.63 245.10 Td (with ) Tj ET Q q 0 0 0 rg BT 140.55 245.10 Td (various ) Tj ET Q q 0 0 0 rg BT 173.13 245.10 Td (investment-grade ) Tj ET Q q 0 0 0 rg BT 245.69 245.10 Td (institutions.) Tj ET Q q 0 0 0 rg BT 297.46 245.10 Td (This ) Tj ET Q q 0 0 0 rg BT 318.38 245.10 Td (investment ) Tj ET Q q 0 0 0 rg BT 365.40 245.10 Td (practice ) Tj ET Q q 0 0 0 rg BT 400.18 245.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 426.10 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 442.57 245.10 Td (exposure ) Tj ET Q q 0 0 0 rg BT 481.80 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 492.72 245.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 554.17 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 76.02 233.10 Td (risk.Our ) Tj ET Q q 0 0 0 rg BT 117.84 233.10 Td (trade ) Tj ET Q q 0 0 0 rg BT 141.58 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.78 233.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 194.62 233.10 Td (production ) Tj ET Q q 0 0 0 rg BT 241.71 233.10 Td (receivables ) Tj ET Q q 0 0 0 rg BT 290.44 233.10 Td (are ) Tj ET Q q 0 0 0 rg BT 306.41 233.10 Td (dispersed ) Tj ET Q q 0 0 0 rg BT 347.94 233.10 Td (among ) Tj ET Q q 0 0 0 rg BT 378.91 233.10 Td (various ) Tj ET Q q 0 0 0 rg BT 412.11 233.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 456.42 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.62 233.10 Td (purchasers; ) Tj ET Q q 0 0 0 rg BT 523.92 233.10 Td (therefore, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (concentrations ) Tj ET Q q 0 0 0 rg BT 109.99 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 120.50 221.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 145.44 221.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 162.63 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.01 221.10 Td (limited.) Tj ET Q q 0 0 0 rg BT 212.66 221.10 Td (W) Tj ET Q q 0 0 0 rg BT 221.30 221.10 Td (e ) Tj ET Q q 0 0 0 rg BT 227.92 221.10 Td (evaluate ) Tj ET Q q 0 0 0 rg BT 263.41 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.81 221.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 302.75 221.10 Td (ratings ) Tj ET Q q 0 0 0 rg BT 332.15 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.66 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.17 221.10 Td (purchasers, ) Tj ET Q q 0 0 0 rg BT 405.61 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 422.22 221.10 Td (if ) Tj ET Q q 0 0 0 rg BT 430.51 221.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 473.24 221.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.63 221.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 533.12 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 539.74 221.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 69.35 209.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 96.13 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.80 209.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 131.91 209.10 Td (are ) Tj ET Q q 0 0 0 rg BT 146.47 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.03 209.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 195.03 209.10 Td (security ) Tj ET Q q 0 0 0 rg BT 229.03 209.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 265.81 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 275.94 209.10 Td (support ) Tj ET Q q 0 0 0 rg BT 308.28 209.10 Td (lines ) Tj ET Q q 0 0 0 rg BT 329.51 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.19 209.10 Td (credit.) Tj ET Q q 0 0 0 rg BT 370.27 209.10 Td (W) Tj ET Q q 0 0 0 rg BT 378.91 209.10 Td (e ) Tj ET Q q 0 0 0 rg BT 385.70 209.10 Td (attempt ) Tj ET Q q 0 0 0 rg BT 418.03 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 428.16 209.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 468.27 209.10 Td (our ) Tj ET Q q 0 0 0 rg BT 483.95 209.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 509.06 209.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 526.40 209.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.55 197.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.04 197.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 135.96 197.10 Td (of ) Tj ET Q q 0 0 0 rg BT 147.56 197.10 Td (our ) Tj ET Q q 0 0 0 rg BT 164.17 197.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 178.00 197.10 Td (and ) Tj ET Q q 0 0 0 rg BT 195.71 197.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 226.75 197.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 243.35 197.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 286.60 197.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 325.97 197.10 Td (through ) Tj ET Q q 0 0 0 rg BT 360.35 197.10 Td (formal ) Tj ET Q q 0 0 0 rg BT 390.28 197.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 416.32 197.10 Td (policies, ) Tj ET Q q 0 0 0 rg BT 453.20 197.10 Td (monitoring ) Tj ET Q q 0 0 0 rg BT 500.92 197.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 548.06 197.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.10 Td (diversification.) Tj ET Q q 0 0 0 rg BT 114.21 185.10 Td (All ) Tj ET Q q 0 0 0 rg BT 129.86 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 141.07 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 157.28 185.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 200.14 185.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 239.11 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.20 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 274.85 185.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 304.39 185.10 Td (that ) Tj ET Q q 0 0 0 rg BT 322.26 185.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.35 185.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 369.10 185.10 Td (under ) Tj ET Q q 0 0 0 rg BT 394.75 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 410.96 185.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 438.27 185.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 471.69 185.10 Td (bank ) Tj ET Q q 0 0 0 rg BT 494.01 185.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 519.65 185.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 550.85 185.10 Td (\(or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 173.10 Td (filiates ) Tj ET Q q 0 0 0 rg BT 86.80 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.63 173.10 Td (such ) Tj ET Q q 0 0 0 rg BT 118.46 173.10 Td (lenders\).) Tj ET Q q 0 0 0 rg BT 157.99 173.10 Td (There ) Tj ET Q q 0 0 0 rg BT 183.80 173.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.51 173.10 Td (no ) Tj ET Q q 0 0 0 rg BT 211.01 173.10 Td (mar) Tj ET Q q 0 0 0 rg BT 226.38 173.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 241.65 173.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 296.36 173.10 Td (with ) Tj ET Q q 0 0 0 rg BT 316.63 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.35 173.10 Td (counterparties ) Tj ET Q q 0 0 0 rg BT 390.49 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.32 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.15 173.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 459.63 173.10 Td (contracts.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 149.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 82.99 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 100.14 149.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 130.62 149.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 146.66 149.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 168.81 149.10 Td (are ) Tj ET Q q 0 0 0 rg BT 183.73 149.10 Td (made ) Tj ET Q q 0 0 0 rg BT 208.10 149.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.81 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 227.96 149.10 Td (day-to-day ) Tj ET Q q 0 0 0 rg BT 273.99 149.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 296.70 149.10 Td (or ) Tj ET Q q 0 0 0 rg BT 307.74 149.10 Td (under ) Tj ET Q q 0 0 0 rg BT 333.23 149.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 377.59 149.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 416.40 149.10 Td (at ) Tj ET Q q 0 0 0 rg BT 426.33 149.10 Td (the ) Tj ET Q q 0 0 0 rg BT 441.26 149.10 Td (current ) Tj ET Q q 0 0 0 rg BT 472.29 149.10 Td (area ) Tj ET Q q 0 0 0 rg BT 491.64 149.10 Td (market ) Tj ET Q q 0 0 0 rg BT 522.12 149.10 Td (price.) Tj ET Q q 0 0 0 rg BT 549.42 149.10 Td (W) Tj ET Q q 0 0 0 rg BT 558.06 149.10 Td (e ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (would ) Tj ET Q q 0 0 0 rg BT 76.35 137.10 Td (not ) Tj ET Q q 0 0 0 rg BT 90.98 137.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 118.92 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 132.99 137.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 150.40 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.58 137.10 Td (any ) Tj ET Q q 0 0 0 rg BT 176.87 137.10 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 217.58 137.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.21 137.10 Td (have ) Tj ET Q q 0 0 0 rg BT 247.94 137.10 Td (a ) Tj ET Q q 0 0 0 rg BT 254.23 137.10 Td (material ) Tj ET Q q 0 0 0 rg BT 288.83 137.10 Td (adverse ) Tj ET Q q 0 0 0 rg BT 321.22 137.10 Td (ef) Tj ET Q q 0 0 0 rg BT 328.81 137.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 345.64 137.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.49 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 382.67 137.10 Td (operations.For ) Tj ET Q q 0 0 0 rg BT 447.57 137.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.64 137.10 Td (year ) Tj ET Q q 0 0 0 rg BT 480.69 137.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 137.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 125.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 125.10 Td (, ) Tj ET Q q 0 0 0 rg BT 74.58 125.10 Td (two ) Tj ET Q q 0 0 0 rg BT 92.16 125.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 137.50 125.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 180.61 125.10 Td (for ) Tj ET Q q 0 0 0 rg BT 194.85 125.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 215.76 125.10 Td (or ) Tj ET Q q 0 0 0 rg BT 226.67 125.10 Td (more ) Tj ET Q q 0 0 0 rg BT 249.79 125.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.70 125.10 Td (our ) Tj ET Q q 0 0 0 rg BT 276.61 125.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 289.75 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.77 125.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 337.11 125.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 353.02 125.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 393.92 125.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 420.94 125.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 465.18 125.10 Td (LP) Tj ET Q q 0 0 0 rg BT 476.48 125.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.06 125.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.39 125.10 Td (20%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.72 125.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 506.63 125.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.65 125.10 Td (Marathon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 113.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 93.39 113.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 135.06 113.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.39 113.10 Td (14%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.72 113.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 165.33 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.11 113.10 Td (For ) Tj ET Q q 0 0 0 rg BT 184.79 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.79 113.10 Td (year ) Tj ET Q q 0 0 0 rg BT 219.78 113.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.44 113.10 Td (December ) Tj ET Q q 0 0 0 rg BT 290.31 113.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.81 113.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.59 113.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 325.59 113.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.87 113.10 Td (two ) Tj ET Q q 0 0 0 rg BT 348.66 113.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 394.20 113.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 437.51 113.10 Td (for ) Tj ET Q q 0 0 0 rg BT 451.96 113.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 473.07 113.10 Td (or ) Tj ET Q q 0 0 0 rg BT 484.18 113.10 Td (more ) Tj ET Q q 0 0 0 rg BT 507.51 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.63 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 534.74 113.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 113.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.02 101.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.11 101.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 137.18 101.10 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 178.82 101.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 222.68 101.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 264.32 101.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.65 101.10 Td (28%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.98 101.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 292.07 101.10 Td (and ) Tj ET Q q 0 0 0 rg BT 309.27 101.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 336.47 101.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 380.89 101.10 Td (LP) Tj ET Q q 0 0 0 rg BT 392.19 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 394.94 101.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.27 101.10 Td (15%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.60 101.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 425.19 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 427.95 101.10 Td (For ) Tj ET Q q 0 0 0 rg BT 444.60 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.57 101.10 Td (year ) Tj ET Q q 0 0 0 rg BT 479.54 101.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.17 101.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.01 101.10 Td (31,) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.11 89.10 Td (three ) Tj ET Q q 0 0 0 rg BT 98.20 89.10 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 144.07 89.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 187.71 89.10 Td (for ) Tj ET Q q 0 0 0 rg BT 202.48 89.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 223.91 89.10 Td (or ) Tj ET Q q 0 0 0 rg BT 235.35 89.10 Td (more ) Tj ET Q q 0 0 0 rg BT 259.01 89.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.44 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 286.88 89.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 300.55 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 318.09 89.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 348.97 89.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 365.40 89.10 Td (revenues: ) Tj ET Q q 0 0 0 rg BT 406.83 89.10 Td (Marathon ) Tj ET Q q 0 0 0 rg BT 448.81 89.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 493.02 89.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 535.02 89.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.35 89.10 Td (31%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 556.68 89.10 Td (\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (Plains ) Tj ET Q q 0 0 0 rg BT 76.45 77.10 Td (Marketing ) Tj ET Q q 0 0 0 rg BT 120.60 77.10 Td (LP) Tj ET Q q 0 0 0 rg BT 131.90 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 134.40 77.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 137.73 77.10 Td (13%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 156.06 77.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 164.39 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.33 77.10 Td (ConocoPhillips ) Tj ET Q q 0 0 0 rg BT 245.51 77.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.84 77.10 Td (12%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.17 77.10 Td (\).) Tj ET Q endstream endobj 155 0 obj <> endobj 156 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (77) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Revenue Recognition) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 106.74 689.25 Td (Recognition.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 160.35 689.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 162.93 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 165.51 689.25 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 203.07 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 212.32 689.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 258.76 689.25 Td (at ) Tj ET Q q 0 0 0 rg BT 268.56 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 283.36 689.25 Td (time ) Tj ET Q q 0 0 0 rg BT 303.71 689.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 316.85 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.86 689.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 364.21 689.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 380.12 689.25 Td (is ) Tj ET Q q 0 0 0 rg BT 389.37 689.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 429.15 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.17 689.25 Td (sold.) Tj ET Q q 0 0 0 rg BT 469.79 689.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 489.59 689.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 526.06 689.25 Td (due ) Tj ET Q q 0 0 0 rg BT 543.07 689.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 94.76 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 105.59 677.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 118.65 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 135.58 677.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 165.85 677.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.68 677.25 Td (are ) Tj ET Q q 0 0 0 rg BT 196.38 677.25 Td (included ) Tj ET Q q 0 0 0 rg BT 233.32 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 243.60 677.25 Td (accrued ) Tj ET Q q 0 0 0 rg BT 277.18 677.25 Td (production ) Tj ET Q q 0 0 0 rg BT 323.01 677.25 Td (receivable.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 653.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 653.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.65 653.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 110.83 653.25 Td (the ) Tj ET Q q 0 0 0 rg BT 125.12 653.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 146.63 653.25 Td (method ) Tj ET Q q 0 0 0 rg BT 178.69 653.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.10 653.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 235.04 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 248.77 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 264.17 653.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 276.80 653.25 Td (and ) Tj ET Q q 0 0 0 rg BT 293.31 653.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 323.15 653.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 338.55 653.25 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 374.77 653.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 411.27 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 425.00 653.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 465.93 653.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 499.65 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 511.72 653.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 524.35 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 534.75 653.25 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 66.06 641.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 85.95 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 96.96 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 113.51 641.25 Td (purchasers ) Tj ET Q q 0 0 0 rg BT 159.50 641.25 Td (regardless ) Tj ET Q q 0 0 0 rg BT 203.26 641.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.82 641.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 250.25 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.70 641.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 288.36 641.25 Td (are ) Tj ET Q q 0 0 0 rg BT 303.80 641.25 Td (proportionate ) Tj ET Q q 0 0 0 rg BT 360.89 641.25 Td (to ) Tj ET Q q 0 0 0 rg BT 371.90 641.25 Td (our ) Tj ET Q q 0 0 0 rg BT 388.46 641.25 Td (ownership ) Tj ET Q q 0 0 0 rg BT 433.34 641.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.35 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.79 641.25 Td (property) Tj ET Q q 0 0 0 rg BT 493.02 641.25 Td (.) Tj ET Q q 0 0 0 rg BT 499.97 641.25 Td (A) Tj ET Q q 0 0 0 rg BT 506.64 641.25 Td ( ) Tj ET Q q 0 0 0 rg BT 509.86 641.25 Td (receivable ) Tj ET Q q 0 0 0 rg BT 554.17 641.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 83.63 629.25 Td (is ) Tj ET Q q 0 0 0 rg BT 93.32 629.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 140.21 629.25 Td (only ) Tj ET Q q 0 0 0 rg BT 161.00 629.25 Td (to ) Tj ET Q q 0 0 0 rg BT 171.80 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.04 629.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 214.50 629.25 Td (that ) Tj ET Q q 0 0 0 rg BT 232.51 629.25 Td (we ) Tj ET Q q 0 0 0 rg BT 247.20 629.25 Td (have ) Tj ET Q q 0 0 0 rg BT 269.09 629.25 Td (an ) Tj ET Q q 0 0 0 rg BT 281.55 629.25 Td (imbalance ) Tj ET Q q 0 0 0 rg BT 325.67 629.25 Td (on ) Tj ET Q q 0 0 0 rg BT 338.69 629.25 Td (a ) Tj ET Q q 0 0 0 rg BT 346.15 629.25 Td (specific ) Tj ET Q q 0 0 0 rg BT 380.26 629.25 Td (property ) Tj ET Q q 0 0 0 rg BT 417.16 629.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 447.94 629.25 Td (than ) Tj ET Q q 0 0 0 rg BT 468.17 629.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.41 629.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 521.97 629.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 80.81 617.25 Td (reserves.) Tj ET Q q 0 0 0 rg BT 120.52 617.25 Td (As ) Tj ET Q q 0 0 0 rg BT 135.17 617.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.04 617.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 206.66 617.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.66 617.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.20 617.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.18 617.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 268.18 617.25 Td (, ) Tj ET Q q 0 0 0 rg BT 274.22 617.25 Td (our ) Tj ET Q q 0 0 0 rg BT 291.09 617.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 333.49 617.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 347.59 617.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.57 617.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 396.87 617.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 413.74 617.25 Td (imbalances ) Tj ET Q q 0 0 0 rg BT 462.26 617.25 Td (were ) Tj ET Q q 0 0 0 rg BT 485.23 617.25 Td (not ) Tj ET Q q 0 0 0 rg BT 501.55 617.25 Td (material ) Tj ET Q q 0 0 0 rg BT 537.85 617.25 Td (to ) Tj ET Q q 0 0 0 rg BT 549.17 617.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 102.54 605.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 140.02 605.25 Td (statements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 581.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.82 581.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 123.93 581.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 157.82 581.25 Td (and ) Tj ET Q q 0 0 0 rg BT 174.50 581.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 212.85 581.25 Td (of ) Tj ET Q q 0 0 0 rg BT 223.42 581.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 266.20 581.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 309.00 581.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 351.23 581.25 Td (at ) Tj ET Q q 0 0 0 rg BT 360.69 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 375.15 581.25 Td (time ) Tj ET Q q 0 0 0 rg BT 395.17 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 409.07 581.25 Td (assume ) Tj ET Q q 0 0 0 rg BT 440.76 581.25 Td (ef) Tj ET Q q 0 0 0 rg BT 448.35 581.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 477.79 581.25 Td (control, ) Tj ET Q q 0 0 0 rg BT 510.86 581.25 Td (commencing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.26 569.25 Td (either ) Tj ET Q q 0 0 0 rg BT 98.34 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.87 569.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 146.07 569.25 Td (or ) Tj ET Q q 0 0 0 rg BT 157.72 569.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 196.57 569.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 241.53 569.25 Td (date, ) Tj ET Q q 0 0 0 rg BT 264.00 569.25 Td (depending ) Tj ET Q q 0 0 0 rg BT 308.98 569.25 Td (on ) Tj ET Q q 0 0 0 rg BT 322.29 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.83 569.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 384.47 569.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 410.00 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.76 569.25 Td (agreements.) Tj ET Q q 0 0 0 rg BT 480.61 569.25 Td (W) Tj ET Q q 0 0 0 rg BT 489.25 569.25 Td (e ) Tj ET Q q 0 0 0 rg BT 497.00 569.25 Td (follow ) Tj ET Q q 0 0 0 rg BT 526.43 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.96 569.25 Td (same ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (methodology ) Tj ET Q q 0 0 0 rg BT 104.44 557.25 Td (in ) Tj ET Q q 0 0 0 rg BT 114.39 557.25 Td (reverse ) Tj ET Q q 0 0 0 rg BT 145.43 557.25 Td (when ) Tj ET Q q 0 0 0 rg BT 169.26 557.25 Td (we ) Tj ET Q q 0 0 0 rg BT 183.09 557.25 Td (sell ) Tj ET Q q 0 0 0 rg BT 199.14 557.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 241.30 557.25 Td (by ) Tj ET Q q 0 0 0 rg BT 253.47 557.25 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 302.84 557.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 336.65 557.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.26 557.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 391.53 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.03 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.42 557.25 Td (sold ) Tj ET Q q 0 0 0 rg BT 435.25 557.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 477.41 557.25 Td (until ) Tj ET Q q 0 0 0 rg BT 497.91 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 512.30 557.25 Td (closing ) Tj ET Q q 0 0 0 rg BT 543.36 557.25 Td (date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 83.48 533.25 Td (T) Tj ET Q q 0 0 0 rg BT 89.23 533.25 Td (axes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.29 509.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 123.64 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 138.65 509.25 Td (accounted ) Tj ET Q q 0 0 0 rg BT 181.99 509.25 Td (for ) Tj ET Q q 0 0 0 rg BT 196.46 509.25 Td (using ) Tj ET Q q 0 0 0 rg BT 220.93 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 235.95 509.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 258.20 509.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.44 509.25 Td (liability ) Tj ET Q q 0 0 0 rg BT 309.36 509.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 344.66 509.25 Td (under ) Tj ET Q q 0 0 0 rg BT 370.23 509.25 Td (which ) Tj ET Q q 0 0 0 rg BT 397.47 509.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.58 509.25 Td (income ) Tj ET Q q 0 0 0 rg BT 465.82 509.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 489.17 509.25 Td (are ) Tj ET Q q 0 0 0 rg BT 504.19 509.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 550.85 509.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.63 497.25 Td (future ) Tj ET Q q 0 0 0 rg BT 89.42 497.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 103.55 497.25 Td (ef) Tj ET Q q 0 0 0 rg BT 111.14 497.25 Td (fects ) Tj ET Q q 0 0 0 rg BT 131.93 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 142.17 497.25 Td (temporary ) Tj ET Q q 0 0 0 rg BT 185.18 497.25 Td (dif) Tj ET Q q 0 0 0 rg BT 196.11 497.25 Td (ferences ) Tj ET Q q 0 0 0 rg BT 231.32 497.25 Td (between ) Tj ET Q q 0 0 0 rg BT 266.55 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.68 497.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 317.58 497.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 357.81 497.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 393.04 497.25 Td (amounts ) Tj ET Q q 0 0 0 rg BT 428.84 497.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.19 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.32 497.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 473.45 497.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 495.36 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.61 497.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 539.18 497.25 Td (assets ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.65 485.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 106.58 485.25 Td (using ) Tj ET Q q 0 0 0 rg BT 130.96 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.89 485.25 Td (enacted ) Tj ET Q q 0 0 0 rg BT 179.14 485.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 216.84 485.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 231.77 485.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 253.36 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 263.85 485.25 Td (ef) Tj ET Q q 0 0 0 rg BT 271.44 485.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 289.14 485.25 Td (at ) Tj ET Q q 0 0 0 rg BT 299.07 485.25 Td (year ) Tj ET Q q 0 0 0 rg BT 318.99 485.25 Td (end.) Tj ET Q q 0 0 0 rg BT 340.75 485.25 Td (The ) Tj ET Q q 0 0 0 rg BT 359.00 485.25 Td (ef) Tj ET Q q 0 0 0 rg BT 366.59 485.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 384.29 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 397.00 485.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 433.02 485.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 456.28 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.65 485.25 Td (a ) Tj ET Q q 0 0 0 rg BT 477.80 485.25 Td (change ) Tj ET Q q 0 0 0 rg BT 508.83 485.25 Td (in ) Tj ET Q q 0 0 0 rg BT 519.32 485.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 534.25 485.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 555.84 485.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 96.39 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 107.21 473.25 Td (income ) Tj ET Q q 0 0 0 rg BT 139.67 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 150.48 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 165.73 473.25 Td (period ) Tj ET Q q 0 0 0 rg BT 194.31 473.25 Td (that ) Tj ET Q q 0 0 0 rg BT 212.34 473.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 248.69 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.94 473.25 Td (enactment ) Tj ET Q q 0 0 0 rg BT 308.06 473.25 Td (date.) Tj ET Q q 0 0 0 rg BT 331.67 473.25 Td (A) Tj ET Q q 0 0 0 rg BT 338.34 473.25 Td ( ) Tj ET Q q 0 0 0 rg BT 341.37 473.25 Td (valuation ) Tj ET Q q 0 0 0 rg BT 381.61 473.25 Td (allowance ) Tj ET Q q 0 0 0 rg BT 425.18 473.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.87 473.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 476.21 473.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 491.46 473.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 517.82 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 527.52 473.25 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (when ) Tj ET Q q 0 0 0 rg BT 73.66 461.25 Td (it ) Tj ET Q q 0 0 0 rg BT 81.72 461.25 Td (is ) Tj ET Q q 0 0 0 rg BT 90.89 461.25 Td (more ) Tj ET Q q 0 0 0 rg BT 113.93 461.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 139.21 461.25 Td (than ) Tj ET Q q 0 0 0 rg BT 158.92 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 174.20 461.25 Td (that ) Tj ET Q q 0 0 0 rg BT 191.70 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.41 461.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 236.68 461.25 Td (from ) Tj ET Q q 0 0 0 rg BT 258.62 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 273.33 461.25 Td (deferred ) Tj ET Q q 0 0 0 rg BT 309.14 461.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 323.86 461.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 345.79 461.25 Td (will ) Tj ET Q q 0 0 0 rg BT 363.85 461.25 Td (not ) Tj ET Q q 0 0 0 rg BT 379.13 461.25 Td (be ) Tj ET Q q 0 0 0 rg BT 391.07 461.25 Td (realized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 437.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.81 437.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 125.90 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.34 437.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 156.79 437.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 187.78 437.25 Td (from ) Tj ET Q q 0 0 0 rg BT 210.45 437.25 Td (an ) Tj ET Q q 0 0 0 rg BT 223.12 437.25 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 263.55 437.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 278.99 437.25 Td (position ) Tj ET Q q 0 0 0 rg BT 314.45 437.25 Td (only ) Tj ET Q q 0 0 0 rg BT 335.46 437.25 Td (if ) Tj ET Q q 0 0 0 rg BT 344.79 437.25 Td (it ) Tj ET Q q 0 0 0 rg BT 353.58 437.25 Td (is ) Tj ET Q q 0 0 0 rg BT 363.48 437.25 Td (more ) Tj ET Q q 0 0 0 rg BT 387.25 437.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 413.26 437.25 Td (than ) Tj ET Q q 0 0 0 rg BT 433.70 437.25 Td (not ) Tj ET Q q 0 0 0 rg BT 449.71 437.25 Td (that ) Tj ET Q q 0 0 0 rg BT 467.93 437.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.38 437.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 498.82 437.25 Td (position ) Tj ET Q q 0 0 0 rg BT 534.28 437.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 437.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (sustained ) Tj ET Q q 0 0 0 rg BT 89.36 425.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 112.01 425.25 Td (examination ) Tj ET Q q 0 0 0 rg BT 164.08 425.25 Td (by ) Tj ET Q q 0 0 0 rg BT 176.73 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.59 425.25 Td (taxing ) Tj ET Q q 0 0 0 rg BT 219.24 425.25 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 266.59 425.25 Td (based ) Tj ET Q q 0 0 0 rg BT 292.01 425.25 Td (on ) Tj ET Q q 0 0 0 rg BT 304.66 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 319.52 425.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 358.25 425.25 Td (merits ) Tj ET Q q 0 0 0 rg BT 385.90 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 396.87 425.25 Td (the ) Tj ET Q q 0 0 0 rg BT 411.74 425.25 Td (position.) Tj ET Q q 0 0 0 rg BT 451.28 425.25 Td (The ) Tj ET Q q 0 0 0 rg BT 469.48 425.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 484.34 425.25 Td (benefits ) Tj ET Q q 0 0 0 rg BT 518.64 425.25 Td (recognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.90 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.73 413.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 112.33 413.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 157.17 413.25 Td (from ) Tj ET Q q 0 0 0 rg BT 179.22 413.25 Td (such ) Tj ET Q q 0 0 0 rg BT 200.17 413.25 Td (a ) Tj ET Q q 0 0 0 rg BT 207.23 413.25 Td (position ) Tj ET Q q 0 0 0 rg BT 242.08 413.25 Td (are ) Tj ET Q q 0 0 0 rg BT 256.90 413.25 Td (measured ) Tj ET Q q 0 0 0 rg BT 297.84 413.25 Td (based ) Tj ET Q q 0 0 0 rg BT 323.23 413.25 Td (on ) Tj ET Q q 0 0 0 rg BT 335.85 413.25 Td (the ) Tj ET Q q 0 0 0 rg BT 350.68 413.25 Td (lar) Tj ET Q q 0 0 0 rg BT 361.05 413.25 Td (gest ) Tj ET Q q 0 0 0 rg BT 379.78 413.25 Td (benefit ) Tj ET Q q 0 0 0 rg BT 410.16 413.25 Td (that ) Tj ET Q q 0 0 0 rg BT 427.78 413.25 Td (has ) Tj ET Q q 0 0 0 rg BT 443.73 413.25 Td (a ) Tj ET Q q 0 0 0 rg BT 450.78 413.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 481.16 413.25 Td (than ) Tj ET Q q 0 0 0 rg BT 500.99 413.25 Td (50% ) Tj ET Q q 0 0 0 rg BT 521.94 413.25 Td (likelihood ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 401.25 Td (being ) Tj ET Q q 0 0 0 rg BT 85.05 401.25 Td (realized ) Tj ET Q q 0 0 0 rg BT 119.19 401.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 141.69 401.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 176.96 401.25 Td (settlement.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 66.99 377.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 101.15 377.25 Td (\(Loss\) ) Tj ET Q q 0 0 0 rg BT 129.76 377.25 Td (per) Tj ET Q q 0 0 0 rg BT 144.02 377.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.52 377.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 188.46 377.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 208.85 377.25 Td (e) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 213.28 377.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (Basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 91.70 353.25 Td (net ) Tj ET Q q 0 0 0 rg BT 105.90 353.25 Td (income ) Tj ET Q q 0 0 0 rg BT 137.31 353.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 161.51 353.25 Td (per ) Tj ET Q q 0 0 0 rg BT 176.26 353.25 Td (common ) Tj ET Q q 0 0 0 rg BT 213.24 353.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.34 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 236.32 353.25 Td (is ) Tj ET Q q 0 0 0 rg BT 244.97 353.25 Td (computed ) Tj ET Q q 0 0 0 rg BT 286.39 353.25 Td (by ) Tj ET Q q 0 0 0 rg BT 298.37 353.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 333.69 353.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.88 353.25 Td (net ) Tj ET Q q 0 0 0 rg BT 362.08 353.25 Td (income ) Tj ET Q q 0 0 0 rg BT 393.50 353.25 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.72 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 417.70 353.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 465.22 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 474.98 353.25 Td (common ) Tj ET Q q 0 0 0 rg BT 511.96 353.25 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (by ) Tj ET Q q 0 0 0 rg BT 61.45 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.62 341.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 114.22 341.25 Td (average ) Tj ET Q q 0 0 0 rg BT 147.25 341.25 Td (number ) Tj ET Q q 0 0 0 rg BT 179.75 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 190.03 341.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 216.97 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.25 341.25 Td (common ) Tj ET Q q 0 0 0 rg BT 264.20 341.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 287.25 341.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 335.87 341.25 Td (during ) Tj ET Q q 0 0 0 rg BT 363.93 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.09 341.25 Td (period.Diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.08 341.25 Td (net ) Tj ET Q q 0 0 0 rg BT 457.25 341.25 Td (income ) Tj ET Q q 0 0 0 rg BT 488.63 341.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 512.81 341.25 Td (per ) Tj ET Q q 0 0 0 rg BT 527.52 341.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.60 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.54 329.25 Td (is ) Tj ET Q q 0 0 0 rg BT 83.16 329.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 126.63 329.25 Td (in ) Tj ET Q q 0 0 0 rg BT 137.35 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.51 329.25 Td (same ) Tj ET Q q 0 0 0 rg BT 176.00 329.25 Td (manner) Tj ET Q q 0 0 0 rg BT 205.59 329.25 Td (, ) Tj ET Q q 0 0 0 rg BT 211.03 329.25 Td (but ) Tj ET Q q 0 0 0 rg BT 226.76 329.25 Td (includes ) Tj ET Q q 0 0 0 rg BT 263.03 329.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.19 329.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 308.34 329.25 Td (of ) Tj ET Q q 0 0 0 rg BT 319.62 329.25 Td (potentially ) Tj ET Q q 0 0 0 rg BT 365.33 329.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 398.83 329.25 Td (securities. ) Tj ET Q q 0 0 0 rg BT 442.03 329.25 Td ( ) Tj ET Q q 0 0 0 rg BT 444.98 329.25 Td (Potentially ) Tj ET Q q 0 0 0 rg BT 491.25 329.25 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 524.75 329.25 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (consist ) Tj ET Q q 0 0 0 rg BT 79.51 317.25 Td (of ) Tj ET Q q 0 0 0 rg BT 90.06 317.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 132.84 317.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 172.27 317.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 198.11 317.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 221.44 317.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 255.62 317.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 278.96 317.25 Td (appreciation ) Tj ET Q q 0 0 0 rg BT 330.60 317.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 355.61 317.25 Td (\(SARs\), ) Tj ET Q q 0 0 0 rg BT 399.22 317.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.88 317.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 458.66 317.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 537.51 317.25 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.25 Td (awards. ) Tj ET Q q 0 0 0 rg BT 83.04 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.76 305.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.38 305.25 Td (each ) Tj ET Q q 0 0 0 rg BT 123.41 305.25 Td (of ) Tj ET Q q 0 0 0 rg BT 134.46 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 149.40 305.25 Td (three ) Tj ET Q q 0 0 0 rg BT 172.11 305.25 Td (years ) Tj ET Q q 0 0 0 rg BT 195.93 305.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.43 305.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.37 305.25 Td (period ) Tj ET Q q 0 0 0 rg BT 249.63 305.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.23 305.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 335.04 305.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.04 305.25 Td (, ) Tj ET Q q 0 0 0 rg BT 360.26 305.25 Td (there ) Tj ET Q q 0 0 0 rg BT 382.96 305.25 Td (were ) Tj ET Q q 0 0 0 rg BT 405.11 305.25 Td (no ) Tj ET Q q 0 0 0 rg BT 417.84 305.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 468.33 305.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.83 305.25 Td (net ) Tj ET Q q 0 0 0 rg BT 493.77 305.25 Td (income ) Tj ET Q q 0 0 0 rg BT 525.92 305.25 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.14 305.25 Td ( ) Tj ET Q q 0 0 0 rg BT 550.87 305.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 87.55 293.25 Td (of ) Tj ET Q q 0 0 0 rg BT 98.38 293.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 144.75 293.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 167.80 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 184.73 293.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 215.01 293.25 Td (net ) Tj ET Q q 0 0 0 rg BT 229.72 293.25 Td (income ) Tj ET Q q 0 0 0 rg BT 261.66 293.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 286.38 293.25 Td (per ) Tj ET Q q 0 0 0 rg BT 301.65 293.25 Td (common ) Tj ET Q q 0 0 0 rg BT 339.14 293.25 Td (share.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 269.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.47 269.25 Td (following ) Tj ET Q q 0 0 0 rg BT 126.78 269.25 Td (is ) Tj ET Q q 0 0 0 rg BT 135.88 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 142.74 269.25 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 200.14 269.25 Td (of ) Tj ET Q q 0 0 0 rg BT 210.89 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.53 269.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 264.61 269.25 Td (average ) Tj ET Q q 0 0 0 rg BT 298.12 269.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 325.54 269.25 Td (used ) Tj ET Q q 0 0 0 rg BT 346.29 269.25 Td (in ) Tj ET Q q 0 0 0 rg BT 356.49 269.25 Td (the ) Tj ET Q q 0 0 0 rg BT 371.14 269.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 394.11 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.97 269.25 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.17 269.25 Td (net ) Tj ET Q q 0 0 0 rg BT 455.81 269.25 Td (income ) Tj ET Q q 0 0 0 rg BT 487.67 269.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 512.31 269.25 Td (per ) Tj ET Q q 0 0 0 rg BT 527.50 269.25 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 70.60 257.25 Td ( ) Tj ET Q q 0 0 0 rg BT 73.10 257.25 Td (calculations ) Tj ET Q q 0 0 0 rg BT 123.36 257.25 Td (for ) Tj ET Q q 0 0 0 rg BT 137.52 257.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.23 257.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 184.17 257.25 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 220.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 220.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 220.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 220.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 220.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 220.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 220.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 190.75 305.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 190.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 190.75 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 190.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 190.75 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 190.75 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 190.75 65.00 -25.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 233.75 m 423.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 233.75 m 427.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 233.75 m 492.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 233.75 m 496.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 233.75 m 561.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 220.75 m 354.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 233.75 m 423.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.75 m 423.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 233.75 m 427.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 233.75 m 492.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.75 m 492.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 233.75 m 496.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 233.75 m 561.5 233.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 220.75 m 561.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 220.75 m 423.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 220.75 m 492.5 220.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 165.75 m 423.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 165.75 m 492.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 165.75 m 561.5 165.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 151.75 m 423.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 149.75 m 423.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 151.75 m 492.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 149.75 m 492.5 149.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 151.75 m 561.5 151.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 149.75 m 561.5 149.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 237.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 237.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 224.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 224.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 224.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 224.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 210.42 Td (Basic weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 210.42 Td (373,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 210.42 Td (348,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 210.42 Td (348,962) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 195.42 Td (Potentially dilutive securities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 195.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 195.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 180.42 Td (Restricted stock, stock options, SARs and performance-based equity) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 170.42 Td (awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 170.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 170.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 170.42 Td (2,205) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 155.42 Td (Diluted weighted average common shares outstanding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 155.42 Td (373,859) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 155.42 Td (348,802) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 155.42 Td (351,167) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 127.25 Td (Basic ) Tj ET Q q 0 0 0 rg BT 92.67 127.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 132.29 127.25 Td (average ) Tj ET Q q 0 0 0 rg BT 166.33 127.25 Td (common ) Tj ET Q q 0 0 0 rg BT 204.28 127.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.22 127.25 Td (exclude ) Tj ET Q q 0 0 0 rg BT 266.27 127.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 294.22 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.51 127.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 349.01 127.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 389.17 127.25 Td (stock. ) Tj ET Q q 0 0 0 rg BT 415.73 127.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.04 127.25 Td (As ) Tj ET Q q 0 0 0 rg BT 432.11 127.25 Td (these ) Tj ET Q q 0 0 0 rg BT 455.61 127.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 495.77 127.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 523.72 127.25 Td (vest, ) Tj ET Q q 0 0 0 rg BT 545.28 127.25 Td (they ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.25 Td (will ) Tj ET Q q 0 0 0 rg BT 68.32 115.25 Td (be ) Tj ET Q q 0 0 0 rg BT 81.02 115.25 Td (included ) Tj ET Q q 0 0 0 rg BT 118.71 115.25 Td (in ) Tj ET Q q 0 0 0 rg BT 129.75 115.25 Td (the ) Tj ET Q q 0 0 0 rg BT 145.23 115.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 173.48 115.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 223.40 115.25 Td (used ) Tj ET Q q 0 0 0 rg BT 245.00 115.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.03 115.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 294.82 115.25 Td (basic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.63 115.25 Td (net ) Tj ET Q q 0 0 0 rg BT 334.11 115.25 Td (income ) Tj ET Q q 0 0 0 rg BT 366.80 115.25 Td (\(loss\) ) Tj ET Q q 0 0 0 rg BT 392.28 115.25 Td (per ) Tj ET Q q 0 0 0 rg BT 408.31 115.25 Td (common ) Tj ET Q q 0 0 0 rg BT 446.57 115.25 Td (share) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.67 115.25 Td ( ) Tj ET Q q 0 0 0 rg BT 470.93 115.25 Td (\(although ) Tj ET Q q 0 0 0 rg BT 512.51 115.25 Td (time-vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 88.46 103.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 111.32 103.25 Td (is ) Tj ET Q q 0 0 0 rg BT 119.74 103.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 146.49 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.68 103.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 211.10 103.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 232.85 103.25 Td (grant\). ) Tj ET Q q 0 0 0 rg BT 260.98 103.25 Td (For ) Tj ET Q q 0 0 0 rg BT 279.13 103.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 316.43 103.25 Td (of ) Tj ET Q q 0 0 0 rg BT 326.52 103.25 Td (calculating ) Tj ET Q q 0 0 0 rg BT 372.14 103.25 Td (diluted ) Tj ET Q q 0 0 0 rg BT 401.66 103.25 Td (weighted ) Tj ET Q q 0 0 0 rg BT 440.07 103.25 Td (average ) Tj ET Q q 0 0 0 rg BT 472.91 103.25 Td (common ) Tj ET Q q 0 0 0 rg BT 509.66 103.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 536.40 103.25 Td (during ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.64 91.25 Td (year ) Tj ET Q q 0 0 0 rg BT 84.77 91.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 111.57 91.25 Td (December ) Tj ET Q q 0 0 0 rg BT 155.58 91.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 171.00 91.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 196.43 91.25 Td (the ) Tj ET Q q 0 0 0 rg BT 211.57 91.25 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 255.04 91.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 295.17 91.25 Td (stock, ) Tj ET Q q 0 0 0 rg BT 321.70 91.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 345.73 91.25 Td (options, ) Tj ET Q q 0 0 0 rg BT 380.60 91.25 Td (SARs, ) Tj ET Q q 0 0 0 rg BT 409.37 91.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.73 91.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 506.28 91.25 Td (equity ) Tj ET Q q 0 0 0 rg BT 534.20 91.25 Td (awards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 79.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.68 79.25 Td (included ) Tj ET Q q 0 0 0 rg BT 102.08 79.25 Td (in ) Tj ET Q q 0 0 0 rg BT 112.83 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.02 79.25 Td (computation ) Tj ET Q q 0 0 0 rg BT 180.98 79.25 Td (using ) Tj ET Q q 0 0 0 rg BT 205.62 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.80 79.25 Td (treasury ) Tj ET Q q 0 0 0 rg BT 255.98 79.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 280.06 79.25 Td (method, ) Tj ET Q q 0 0 0 rg BT 315.53 79.25 Td (with ) Tj ET Q q 0 0 0 rg BT 336.27 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 351.46 79.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 385.52 79.25 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 424.03 79.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 448.66 79.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.41 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.59 79.25 Td (average ) Tj ET Q q 0 0 0 rg BT 508.65 79.25 Td (unrecognized ) Tj ET Q endstream endobj 157 0 obj <> endobj 158 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 108.09 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 137.24 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.51 713.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 183.60 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.87 713.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 237.45 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 260.48 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 278.52 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.79 713.10 Td (grantee ) Tj ET Q q 0 0 0 rg BT 326.26 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 344.86 713.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 362.35 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 373.17 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.44 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 415.36 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 430.07 713.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 454.22 713.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 489.22 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 506.70 713.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.19 713.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.59 701.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 148.07 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 194.43 701.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 227.47 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.75 701.10 Td (equity) Tj ET Q q 0 0 0 rg BT 262.10 701.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.67 677.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 166.81 677.10 Td (could ) Tj ET Q q 0 0 0 rg BT 191.39 677.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 236.53 677.10 Td (dilute ) Tj ET Q q 0 0 0 rg BT 261.67 677.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 297.92 677.10 Td (per ) Tj ET Q q 0 0 0 rg BT 313.06 677.10 Td (share ) Tj ET Q q 0 0 0 rg BT 336.53 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 346.67 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.26 677.10 Td (future, ) Tj ET Q q 0 0 0 rg BT 390.01 677.10 Td (but ) Tj ET Q q 0 0 0 rg BT 405.16 677.10 Td (were ) Tj ET Q q 0 0 0 rg BT 426.95 677.10 Td (excluded ) Tj ET Q q 0 0 0 rg BT 465.42 677.10 Td (from ) Tj ET Q q 0 0 0 rg BT 487.23 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.81 677.10 Td (computation ) Tj ET Q q 0 0 0 rg BT 554.17 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (diluted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.77 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 94.49 665.10 Td (income ) Tj ET Q q 0 0 0 rg BT 126.42 665.10 Td (\(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.65 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.15 665.10 Td (per ) Tj ET Q q 0 0 0 rg BT 166.41 665.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 192.51 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 203.34 665.10 Td (their ) Tj ET Q q 0 0 0 rg BT 224.17 665.10 Td (ef) Tj ET Q q 0 0 0 rg BT 231.76 665.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 249.24 665.10 Td (would ) Tj ET Q q 0 0 0 rg BT 276.74 665.10 Td (have ) Tj ET Q q 0 0 0 rg BT 298.12 665.10 Td (been ) Tj ET Q q 0 0 0 rg BT 319.50 665.10 Td (antidilutive:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.50 628.60 303.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 353.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 357.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 422.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 426.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 491.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 495.50 628.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 641.6 m 422.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 641.6 m 426.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 641.6 m 491.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 641.6 m 495.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 641.6 m 560.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 628.6 m 353.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 641.6 m 422.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 628.6 m 422.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 422.5 641.6 m 426.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 641.6 m 491.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 628.6 m 491.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 491.5 641.6 m 495.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 641.6 m 560.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 628.6 m 560.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357.5 628.6 m 422.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 426.5 628.6 m 491.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 495.5 628.6 m 560.5 628.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.95 645.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 53.00 632.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.50 632.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 632.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.50 632.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 618.27 Td (Stock options and SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 618.27 Td (6,427) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 618.27 Td (9,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.15 618.27 Td (4,775) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.00 603.27 Td (Restricted stock and performance-based equity awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.15 603.27 Td (5,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.15 603.27 Td (3,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 603.27 Td (417) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 575.10 Td (Envir) Tj ET Q q 0 0 0 rg BT 73.77 575.10 Td (onmental ) Tj ET Q q 0 0 0 rg BT 116.27 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.89 575.10 Td (Litigation ) Tj ET Q q 0 0 0 rg BT 179.62 575.10 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 551.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.87 551.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 127.59 551.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 155.96 551.10 Td (judgments ) Tj ET Q q 0 0 0 rg BT 200.45 551.10 Td (and ) Tj ET Q q 0 0 0 rg BT 217.72 551.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 257.76 551.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.36 551.10 Td (recording ) Tj ET Q q 0 0 0 rg BT 309.51 551.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 349.55 551.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.04 551.10 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 421.85 551.10 Td (such ) Tj ET Q q 0 0 0 rg BT 443.00 551.10 Td (as ) Tj ET Q q 0 0 0 rg BT 454.16 551.10 Td (environmental ) Tj ET Q q 0 0 0 rg BT 514.75 551.10 Td (remediation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.57 539.10 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 96.09 539.10 Td (litigation. ) Tj ET Q q 0 0 0 rg BT 139.94 539.10 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 183.23 539.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.18 539.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 235.90 539.10 Td (when ) Tj ET Q q 0 0 0 rg BT 260.30 539.10 Td (it ) Tj ET Q q 0 0 0 rg BT 268.60 539.10 Td (is ) Tj ET Q q 0 0 0 rg BT 278.01 539.10 Td (both ) Tj ET Q q 0 0 0 rg BT 298.53 539.10 Td (probable ) Tj ET Q q 0 0 0 rg BT 336.26 539.10 Td (that ) Tj ET Q q 0 0 0 rg BT 353.99 539.10 Td (a ) Tj ET Q q 0 0 0 rg BT 361.17 539.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 379.48 539.10 Td (has ) Tj ET Q q 0 0 0 rg BT 395.55 539.10 Td (been ) Tj ET Q q 0 0 0 rg BT 417.17 539.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 453.22 539.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.40 539.10 Td (such ) Tj ET Q q 0 0 0 rg BT 491.48 539.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 509.78 539.10 Td (is ) Tj ET Q q 0 0 0 rg BT 519.19 539.10 Td (reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (estimable. ) Tj ET Q q 0 0 0 rg BT 94.88 527.10 Td (Assessments ) Tj ET Q q 0 0 0 rg BT 148.63 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.59 527.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 199.45 527.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.29 527.10 Td (based ) Tj ET Q q 0 0 0 rg BT 239.69 527.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.33 527.10 Td (information ) Tj ET Q q 0 0 0 rg BT 302.18 527.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 339.25 527.10 Td (from ) Tj ET Q q 0 0 0 rg BT 361.33 527.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 412.83 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 429.91 527.10 Td (in-house ) Tj ET Q q 0 0 0 rg BT 466.98 527.10 Td (experts, ) Tj ET Q q 0 0 0 rg BT 501.00 527.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 519.20 527.10 Td (experience ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.52 515.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 89.54 515.10 Td (situations, ) Tj ET Q q 0 0 0 rg BT 132.62 515.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 158.74 515.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 180.98 515.10 Td (incurred, ) Tj ET Q q 0 0 0 rg BT 219.04 515.10 Td (and ) Tj ET Q q 0 0 0 rg BT 235.73 515.10 Td (other ) Tj ET Q q 0 0 0 rg BT 258.52 515.10 Td (case-by-case ) Tj ET Q q 0 0 0 rg BT 311.84 515.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 345.80 515.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 365.26 515.10 Td (related ) Tj ET Q q 0 0 0 rg BT 394.71 515.10 Td (insurance ) Tj ET Q q 0 0 0 rg BT 435.27 515.10 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 478.60 515.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.05 515.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 539.16 515.10 Td (in ) Tj ET Q q 0 0 0 rg BT 549.18 515.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 503.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 86.98 503.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 131.69 503.10 Td (during ) Tj ET Q q 0 0 0 rg BT 160.30 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.02 503.10 Td (period ) Tj ET Q q 0 0 0 rg BT 203.06 503.10 Td (received ) Tj ET Q q 0 0 0 rg BT 239.43 503.10 Td (or ) Tj ET Q q 0 0 0 rg BT 250.26 503.10 Td (at ) Tj ET Q q 0 0 0 rg BT 259.97 503.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.69 503.10 Td (time ) Tj ET Q q 0 0 0 rg BT 294.96 503.10 Td (receipt ) Tj ET Q q 0 0 0 rg BT 324.67 503.10 Td (is ) Tj ET Q q 0 0 0 rg BT 333.84 503.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 381.32 503.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.59 503.10 Td (be ) Tj ET Q q 0 0 0 rg BT 403.53 503.10 Td (virtually ) Tj ET Q q 0 0 0 rg BT 439.92 503.10 Td (certain.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 80.88 479.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 132.27 479.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 142.63 479.10 Td (onouncements) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 86.24 455.10 Td (Adopted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 431.10 Td (Going ) Tj ET Q q 0 0 0 rg BT 95.73 431.10 Td (Concern. ) Tj ET Q q 0 0 0 rg BT 137.00 431.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.11 431.10 Td (In ) Tj ET Q q 0 0 0 rg BT 149.09 431.10 Td (August ) Tj ET Q q 0 0 0 rg BT 180.09 431.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 204.70 431.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.03 431.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 257.88 431.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 306.65 431.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 348.20 431.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 374.75 431.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 387.34 431.10 Td (ASB\) ) Tj ET Q q 0 0 0 rg BT 416.67 431.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 443.31 431.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 492.08 431.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 533.63 431.10 Td (Update ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.10 Td (\(ASU\) ) Tj ET Q q 0 0 0 rg BT 86.97 419.10 Td (2014-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 124.72 419.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 134.35 419.10 Td (esentation ) Tj ET Q q 0 0 0 rg BT 177.38 419.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.09 419.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 227.90 419.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 273.15 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 280.07 419.10 Td (Going ) Tj ET Q q 0 0 0 rg BT 307.00 419.10 Td (Concern) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 341.44 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 343.36 419.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 373.06 419.10 Td (2014-15\). ) Tj ET Q q 0 0 0 rg BT 418.59 419.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.09 419.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 442.02 419.10 Td (2014-15 ) Tj ET Q q 0 0 0 rg BT 477.28 419.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 511.41 419.10 Td (management ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.13 407.10 Td (assess ) Tj ET Q q 0 0 0 rg BT 85.43 407.10 Td (an ) Tj ET Q q 0 0 0 rg BT 96.72 407.10 Td (entity) Tj ET Q q 0 0 0 rg BT 122.27 407.10 Td (s ) Tj ET Q q 0 0 0 rg BT 128.02 407.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 155.42 407.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.05 407.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 201.34 407.10 Td (as ) Tj ET Q q 0 0 0 rg BT 211.52 407.10 Td (a ) Tj ET Q q 0 0 0 rg BT 217.81 407.10 Td (going ) Tj ET Q q 0 0 0 rg BT 242.44 407.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 275.94 407.10 Td (by ) Tj ET Q q 0 0 0 rg BT 287.80 407.10 Td (incorporating ) Tj ET Q q 0 0 0 rg BT 343.52 407.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.81 407.10 Td (expanding ) Tj ET Q q 0 0 0 rg BT 403.32 407.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 425.17 407.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 454.23 407.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 495.52 407.10 Td (that ) Tj ET Q q 0 0 0 rg BT 512.36 407.10 Td (are ) Tj ET Q q 0 0 0 rg BT 526.42 407.10 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.99 395.10 Td (United ) Tj ET Q q 0 0 0 rg BT 89.91 395.10 Td (States ) Tj ET Q q 0 0 0 rg BT 116.51 395.10 Td (auditing ) Tj ET Q q 0 0 0 rg BT 151.99 395.10 Td (standards. ) Tj ET Q q 0 0 0 rg BT 194.97 395.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.48 395.10 Td (The ) Tj ET Q q 0 0 0 rg BT 215.74 395.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 268.99 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.48 395.10 Td (this ) Tj ET Q q 0 0 0 rg BT 296.04 395.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 318.75 395.10 Td (are ) Tj ET Q q 0 0 0 rg BT 333.67 395.10 Td (ef) Tj ET Q q 0 0 0 rg BT 341.25 395.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 371.16 395.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 413.87 395.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.36 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.28 395.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 466.43 395.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 497.45 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.49 395.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 533.70 395.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.85 395.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 383.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 78.83 383.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.94 383.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 127.50 383.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 159.61 383.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 197.36 383.10 Td (. ) Tj ET Q q 0 0 0 rg BT 202.54 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.21 383.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 214.47 383.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 244.35 383.10 Td (December ) Tj ET Q q 0 0 0 rg BT 288.11 383.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 303.28 383.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 328.46 383.10 Td (we ) Tj ET Q q 0 0 0 rg BT 342.79 383.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 376.53 383.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 399.21 383.10 Td (2014-15. ) Tj ET Q q 0 0 0 rg BT 437.71 383.10 Td ( ) Tj ET Q q 0 0 0 rg BT 440.20 383.10 Td (The ) Tj ET Q q 0 0 0 rg BT 458.42 383.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 496.09 383.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.50 383.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 529.18 383.10 Td (2014-15 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 371.10 Td (did ) Tj ET Q q 0 0 0 rg BT 64.63 371.10 Td (not ) Tj ET Q q 0 0 0 rg BT 79.76 371.10 Td (have ) Tj ET Q q 0 0 0 rg BT 100.99 371.10 Td (an ) Tj ET Q q 0 0 0 rg BT 112.78 371.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 142.35 371.10 Td (on ) Tj ET Q q 0 0 0 rg BT 154.70 371.10 Td (our ) Tj ET Q q 0 0 0 rg BT 170.38 371.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 217.17 371.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.19 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.75 371.10 Td (current ) Tj ET Q q 0 0 0 rg BT 276.42 371.10 Td (period ) Tj ET Q q 0 0 0 rg BT 304.32 371.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 357.22 371.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 394.55 371.10 Td (statements, ) Tj ET Q q 0 0 0 rg BT 441.61 371.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.30 371.10 Td (management ) Tj ET Q q 0 0 0 rg BT 505.74 371.10 Td (has ) Tj ET Q q 0 0 0 rg BT 521.42 371.10 Td (concluded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 359.10 Td (there ) Tj ET Q q 0 0 0 rg BT 72.17 359.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.07 359.10 Td (no ) Tj ET Q q 0 0 0 rg BT 99.76 359.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 144.12 359.10 Td (or ) Tj ET Q q 0 0 0 rg BT 155.13 359.10 Td (events ) Tj ET Q q 0 0 0 rg BT 183.37 359.10 Td (raising ) Tj ET Q q 0 0 0 rg BT 213.28 359.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 258.74 359.10 Td (doubt ) Tj ET Q q 0 0 0 rg BT 284.21 359.10 Td (about ) Tj ET Q q 0 0 0 rg BT 309.11 359.10 Td (our ) Tj ET Q q 0 0 0 rg BT 325.13 359.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 353.38 359.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.84 359.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 400.97 359.10 Td (as ) Tj ET Q q 0 0 0 rg BT 411.99 359.10 Td (a ) Tj ET Q q 0 0 0 rg BT 419.11 359.10 Td (going ) Tj ET Q q 0 0 0 rg BT 444.58 359.10 Td (concern ) Tj ET Q q 0 0 0 rg BT 478.92 359.10 Td (within ) Tj ET Q q 0 0 0 rg BT 507.16 359.10 Td (one ) Tj ET Q q 0 0 0 rg BT 524.29 359.10 Td (year ) Tj ET Q q 0 0 0 rg BT 544.19 359.10 Td (after ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 347.10 Td (these ) Tj ET Q q 0 0 0 rg BT 72.55 347.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 110.03 347.10 Td (statements ) Tj ET Q q 0 0 0 rg BT 154.74 347.10 Td (are ) Tj ET Q q 0 0 0 rg BT 169.45 347.10 Td (being ) Tj ET Q q 0 0 0 rg BT 194.16 347.10 Td (issued.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 323.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 94.33 323.10 Td (Compensation. ) Tj ET Q q 0 0 0 rg BT 161.45 323.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.40 323.10 Td (In ) Tj ET Q q 0 0 0 rg BT 175.67 323.10 Td (March ) Tj ET Q q 0 0 0 rg BT 204.71 323.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 230.16 323.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.32 323.10 Td (F) Tj ET Q q 0 0 0 rg BT 250.13 323.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 272.53 323.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 299.82 323.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 322.77 323.10 Td (2016-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 361.55 323.10 Td (Impr) Tj ET Q q 0 0 0 rg BT 380.62 323.10 Td (ovements ) Tj ET Q q 0 0 0 rg BT 420.77 323.10 Td (to ) Tj ET Q q 0 0 0 rg BT 431.49 323.10 Td (Employee ) Tj ET Q q 0 0 0 rg BT 473.86 323.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 492.38 323.10 Td (e-Based ) Tj ET Q q 0 0 0 rg BT 527.53 323.10 Td (Payment ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (Accounting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.04 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.68 311.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 126.10 311.10 Td (2016-09\). ) Tj ET Q q 0 0 0 rg BT 171.34 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.61 311.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 194.26 311.10 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 229.23 311.10 Td (simplifies ) Tj ET Q q 0 0 0 rg BT 270.31 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.17 311.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 329.68 311.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.99 311.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 391.82 311.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 427.90 311.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 479.80 311.10 Td (including ) Tj ET Q q 0 0 0 rg BT 519.22 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 533.07 311.10 Td (income ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.66 299.10 Td (consequences, ) Tj ET Q q 0 0 0 rg BT 125.07 299.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 180.77 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 192.04 299.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 223.31 299.10 Td (as ) Tj ET Q q 0 0 0 rg BT 234.58 299.10 Td (either ) Tj ET Q q 0 0 0 rg BT 260.28 299.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 288.22 299.10 Td (or ) Tj ET Q q 0 0 0 rg BT 299.49 299.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 342.15 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 359.53 299.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 415.23 299.10 Td (on ) Tj ET Q q 0 0 0 rg BT 428.17 299.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.32 299.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 484.59 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 495.86 299.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 516.57 299.10 Td (flows. ) Tj ET Q q 0 0 0 rg BT 544.23 299.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 299.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 102.35 287.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.44 287.10 Td (this ) Tj ET Q q 0 0 0 rg BT 128.68 287.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 151.00 287.10 Td (are ) Tj ET Q q 0 0 0 rg BT 165.51 287.10 Td (ef) Tj ET Q q 0 0 0 rg BT 173.10 287.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 202.61 287.10 Td (for ) Tj ET Q q 0 0 0 rg BT 216.58 287.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 240.54 287.10 Td (years ) Tj ET Q q 0 0 0 rg BT 263.95 287.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 306.26 287.10 Td (after ) Tj ET Q q 0 0 0 rg BT 326.88 287.10 Td (December ) Tj ET Q q 0 0 0 rg BT 370.27 287.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 385.08 287.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 409.89 287.10 Td (and ) Tj ET Q q 0 0 0 rg BT 426.64 287.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 457.83 287.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 489.57 287.10 Td (within ) Tj ET Q q 0 0 0 rg BT 517.44 287.10 Td (those ) Tj ET Q q 0 0 0 rg BT 540.86 287.10 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 75.38 275.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.11 275.10 Td (early ) Tj ET Q q 0 0 0 rg BT 114.38 275.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 151.65 275.10 Td (is ) Tj ET Q q 0 0 0 rg BT 160.61 275.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 203.71 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 205.83 275.10 Td (The ) Tj ET Q q 0 0 0 rg BT 223.66 275.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 259.82 275.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 295.43 275.10 Td (various ) Tj ET Q q 0 0 0 rg BT 327.16 275.10 Td (amendments, ) Tj ET Q q 0 0 0 rg BT 382.48 275.10 Td (each ) Tj ET Q q 0 0 0 rg BT 403.08 275.10 Td (requiring ) Tj ET Q q 0 0 0 rg BT 442.02 275.10 Td (a ) Tj ET Q q 0 0 0 rg BT 448.74 275.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 482.12 275.10 Td (method ) Tj ET Q q 0 0 0 rg BT 514.40 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.02 275.10 Td (adoption, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.89 263.10 Td (designates ) Tj ET Q q 0 0 0 rg BT 109.50 263.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 143.66 263.10 Td (each ) Tj ET Q q 0 0 0 rg BT 163.92 263.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 212.53 263.10 Td (should ) Tj ET Q q 0 0 0 rg BT 241.15 263.10 Td (be ) Tj ET Q q 0 0 0 rg BT 252.54 263.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 286.15 263.10 Td (using ) Tj ET Q q 0 0 0 rg BT 309.77 263.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.16 263.10 Td (retrospective, ) Tj ET Q q 0 0 0 rg BT 372.25 263.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 410.31 263.10 Td (retrospective, ) Tj ET Q q 0 0 0 rg BT 466.40 263.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.68 263.10 Td (prospective ) Tj ET Q q 0 0 0 rg BT 524.73 263.10 Td (transition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 84.93 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.86 251.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 97.12 251.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 127.26 251.10 Td (January ) Tj ET Q q 0 0 0 rg BT 161.29 251.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 171.73 251.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 197.16 251.10 Td (we ) Tj ET Q q 0 0 0 rg BT 211.76 251.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 245.70 251.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 268.64 251.10 Td (2016-09. ) Tj ET Q q 0 0 0 rg BT 307.40 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.13 251.10 Td (The ) Tj ET Q q 0 0 0 rg BT 328.61 251.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 382.08 251.10 Td (within ) Tj ET Q q 0 0 0 rg BT 409.93 251.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 432.87 251.10 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 469.13 251.10 Td (related ) Tj ET Q q 0 0 0 rg BT 499.27 251.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.98 251.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.13 251.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 554.18 251.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (when ) Tj ET Q q 0 0 0 rg BT 73.82 239.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 102.58 239.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 117.46 239.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 151.78 239.10 Td (are ) Tj ET Q q 0 0 0 rg BT 166.65 239.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 213.18 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 230.28 239.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 276.81 239.10 Td (for ) Tj ET Q q 0 0 0 rg BT 291.13 239.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 335.44 239.10 Td (were ) Tj ET Q q 0 0 0 rg BT 357.53 239.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 391.85 239.10 Td (using ) Tj ET Q q 0 0 0 rg BT 416.18 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 423.29 239.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 462.05 239.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 516.35 239.10 Td (method. ) Tj ET Q q 0 0 0 rg BT 551.51 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 554.17 239.10 Td (In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 96.73 227.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.79 227.10 Td (this ) Tj ET Q q 0 0 0 rg BT 133.51 227.10 Td (method, ) Tj ET Q q 0 0 0 rg BT 168.27 227.10 Td (we ) Tj ET Q q 0 0 0 rg BT 182.21 227.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 219.46 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 226.17 227.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 281.51 227.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 298.77 227.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 344.93 227.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.98 227.10 Td (our ) Tj ET Q q 0 0 0 rg BT 370.58 227.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 425.63 227.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 460.10 227.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 484.59 227.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.87 227.10 Td (January ) Tj ET Q q 0 0 0 rg BT 530.24 227.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 540.01 227.10 Td (2016, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 83.17 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.07 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.42 215.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 138.66 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.11 215.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 198.78 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.24 215.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 239.46 215.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 254.81 215.10 Td (benefits, ) Tj ET Q q 0 0 0 rg BT 292.09 215.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 344.64 215.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.20 215.10 Td ($15.7 ) Tj ET Q q 0 0 0 rg BT 377.83 215.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.72 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.85 215.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 450.74 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 461.64 215.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 504.76 215.10 Td (Accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (deficit ) Tj ET Q q 0 0 0 rg BT 81.42 203.10 Td (with ) Tj ET Q q 0 0 0 rg BT 101.13 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.29 203.10 Td (of) Tj ET Q q 0 0 0 rg BT 123.44 203.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 139.81 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.53 203.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 191.43 203.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 205.59 203.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 247.24 203.10 Td (net ) Tj ET Q q 0 0 0 rg BT 265.83 203.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.16 203.10 Td ($14.8 ) Tj ET Q q 0 0 0 rg BT 293.60 203.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.49 203.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 327.76 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 344.14 203.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 373.28 203.10 Td (current ) Tj ET Q q 0 0 0 rg BT 403.53 203.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 433.24 203.10 Td (\() Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 436.57 203.10 Td ($0.8 ) Tj ET Q q 0 0 0 rg BT 456.01 203.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.90 203.10 Td (\). ) Tj ET Q q 0 0 0 rg BT 492.67 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.46 203.10 Td (W) Tj ET Q q 0 0 0 rg BT 503.10 203.10 Td (e ) Tj ET Q q 0 0 0 rg BT 509.48 203.10 Td (also ) Tj ET Q q 0 0 0 rg BT 527.52 203.10 Td (recorded ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (a ) Tj ET Q q 0 0 0 rg BT 57.37 191.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 112.72 191.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 131.14 191.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 178.45 191.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.66 191.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.42 191.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 262.63 191.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 298.26 191.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 323.91 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 337.35 191.10 Td (January ) Tj ET Q q 0 0 0 rg BT 371.88 191.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 382.81 191.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 408.74 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.95 191.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 448.92 191.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 476.22 191.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 521.30 191.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 550.29 191.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (previously-estimated ) Tj ET Q q 0 0 0 rg BT 136.48 179.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 177.35 179.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 197.94 179.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 250.48 179.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.03 179.10 Td ($0.4 ) Tj ET Q q 0 0 0 rg BT 278.65 179.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.54 179.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.65 179.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 351.53 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 362.42 179.10 Td (Accumulated ) Tj ET Q q 0 0 0 rg BT 423.28 179.10 Td (deficit ) Tj ET Q q 0 0 0 rg BT 456.37 179.10 Td (with ) Tj ET Q q 0 0 0 rg BT 477.26 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.59 179.10 Td (of) Tj ET Q q 0 0 0 rg BT 500.74 179.10 Td (fset ) Tj ET Q q 0 0 0 rg BT 518.29 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.19 179.10 Td (Paid-in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 78.33 167.10 Td (in ) Tj ET Q q 0 0 0 rg BT 88.28 167.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 116.56 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.07 167.10 Td (par) Tj ET Q q 0 0 0 rg BT 139.29 167.10 Td (. ) Tj ET Q q 0 0 0 rg BT 148.40 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.42 167.10 Td (The ) Tj ET Q q 0 0 0 rg BT 168.15 167.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 220.87 167.10 Td (within ) Tj ET Q q 0 0 0 rg BT 248.12 167.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 270.30 167.10 Td (2016-09 ) Tj ET Q q 0 0 0 rg BT 305.81 167.10 Td (related ) Tj ET Q q 0 0 0 rg BT 335.19 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 345.15 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.54 167.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 407.26 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.77 167.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 446.04 167.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 460.44 167.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 494.27 167.10 Td (and ) Tj ET Q q 0 0 0 rg BT 510.89 167.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 525.28 167.10 Td (shortfalls ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.92 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.78 155.10 Td (income ) Tj ET Q q 0 0 0 rg BT 106.86 155.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 147.82 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 164.90 155.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 216.42 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.39 155.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 256.13 155.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 270.99 155.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 305.29 155.10 Td (on ) Tj ET Q q 0 0 0 rg BT 317.93 155.10 Td (the ) Tj ET Q q 0 0 0 rg BT 332.79 155.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 373.76 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.73 155.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 405.14 155.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 430.01 155.10 Td (were ) Tj ET Q q 0 0 0 rg BT 452.08 155.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 486.38 155.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 539.60 155.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.74 155.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (no ) Tj ET Q q 0 0 0 rg BT 62.00 143.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 112.27 143.10 Td (made ) Tj ET Q q 0 0 0 rg BT 136.43 143.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.71 143.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 168.65 143.10 Td (periods.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 119.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 100.77 119.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.53 119.10 Td (axes. ) Tj ET Q q 0 0 0 rg BT 129.10 119.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.84 119.10 Td (In ) Tj ET Q q 0 0 0 rg BT 140.91 119.10 Td (November ) Tj ET Q q 0 0 0 rg BT 184.85 119.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 209.09 119.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.05 119.10 Td (F) Tj ET Q q 0 0 0 rg BT 227.87 119.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 249.06 119.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 275.42 119.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 297.16 119.10 Td (2015-17, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 334.73 119.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 365.90 119.10 Td (T) Tj ET Q q 0 0 0 rg BT 370.54 119.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.31 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.05 119.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 419.56 119.10 Td (2015-17\). ) Tj ET Q q 0 0 0 rg BT 464.90 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.26 119.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 488.00 119.10 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 523.07 119.10 Td (simplifies ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.52 107.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 114.19 107.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.32 107.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 159.42 107.10 Td (income ) Tj ET Q q 0 0 0 rg BT 190.65 107.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 213.00 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 229.24 107.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 263.25 107.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 298.35 107.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 312.37 107.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 337.50 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.73 107.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 392.75 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 402.33 107.10 Td (be ) Tj ET Q q 0 0 0 rg BT 413.56 107.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 453.13 107.10 Td (as ) Tj ET Q q 0 0 0 rg BT 463.26 107.10 Td (noncurrent ) Tj ET Q q 0 0 0 rg BT 508.37 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.95 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.97 107.10 Td (balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (sheet. ) Tj ET Q q 0 0 0 rg BT 74.96 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.19 95.10 Td (The ) Tj ET Q q 0 0 0 rg BT 95.15 95.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 148.11 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 158.30 95.10 Td (this ) Tj ET Q q 0 0 0 rg BT 174.62 95.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 197.04 95.10 Td (are ) Tj ET Q q 0 0 0 rg BT 211.66 95.10 Td (ef) Tj ET Q q 0 0 0 rg BT 219.24 95.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 248.86 95.10 Td (for ) Tj ET Q q 0 0 0 rg BT 262.93 95.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 287.00 95.10 Td (years ) Tj ET Q q 0 0 0 rg BT 310.51 95.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 352.91 95.10 Td (after ) Tj ET Q q 0 0 0 rg BT 373.64 95.10 Td (December ) Tj ET Q q 0 0 0 rg BT 417.13 95.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 432.04 95.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 456.96 95.10 Td (and ) Tj ET Q q 0 0 0 rg BT 473.81 95.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 505.10 95.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 536.95 95.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (those ) Tj ET Q q 0 0 0 rg BT 73.76 83.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 98.56 83.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 125.31 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.90 83.10 Td (early ) Tj ET Q q 0 0 0 rg BT 166.03 83.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 204.18 83.10 Td (is ) Tj ET Q q 0 0 0 rg BT 214.00 83.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 257.97 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 261.12 83.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 294.82 83.10 Td (can ) Tj ET Q q 0 0 0 rg BT 311.84 83.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 352.77 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.69 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.06 83.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 416.09 83.10 Td (either ) Tj ET Q q 0 0 0 rg BT 442.00 83.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 504.57 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.50 83.10 Td (each ) Tj ET Q q 0 0 0 rg BT 536.96 83.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.45 71.10 Td (or ) Tj ET Q q 0 0 0 rg BT 101.41 71.10 Td (prospectively) Tj ET Q q 0 0 0 rg BT 154.63 71.10 Td (. ) Tj ET Q q 0 0 0 rg BT 159.76 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.39 71.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 171.65 71.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 201.48 71.10 Td (January ) Tj ET Q q 0 0 0 rg BT 235.21 71.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 245.34 71.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 270.47 71.10 Td (we ) Tj ET Q q 0 0 0 rg BT 284.76 71.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 318.47 71.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 341.11 71.10 Td (2015-17, ) Tj ET Q q 0 0 0 rg BT 379.57 71.10 Td (which ) Tj ET Q q 0 0 0 rg BT 406.64 71.10 Td (has ) Tj ET Q q 0 0 0 rg BT 422.60 71.10 Td (been ) Tj ET Q q 0 0 0 rg BT 444.10 71.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 476.17 71.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 538.22 71.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.51 71.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 59.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 100.99 59.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 132.49 59.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 175.38 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.99 59.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 226.32 59.10 Td (, ) Tj ET Q q 0 0 0 rg BT 230.89 59.10 Td (current ) Tj ET Q q 0 0 0 rg BT 261.27 59.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 296.65 59.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 310.93 59.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 336.33 59.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.73 59.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 366.30 59.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.19 59.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.26 59.10 Td (have ) Tj ET Q q 0 0 0 rg BT 418.20 59.10 Td (been ) Tj ET Q q 0 0 0 rg BT 439.15 59.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 486.75 59.10 Td (from ) Tj ET Q q 0 0 0 rg BT 508.25 59.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 550.29 59.10 Td (tax ) Tj ET Q endstream endobj 159 0 obj <> endobj 160 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (79) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.95 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 97.23 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.63 713.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 150.21 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 165.05 713.10 Td (liabilities, ) Tj ET Q q 0 0 0 rg BT 207.39 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 226.67 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.07 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 253.02 713.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 308.41 713.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 343.23 713.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 368.07 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.02 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 389.97 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 433.68 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 448.80 713.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 473.92 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 476.35 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 494.52 713.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 532.14 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 542.51 713.10 Td (ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (2015-17 ) Tj ET Q q 0 0 0 rg BT 85.33 701.10 Td (did ) Tj ET Q q 0 0 0 rg BT 100.61 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 115.89 701.10 Td (have ) Tj ET Q q 0 0 0 rg BT 137.26 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 149.20 701.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 178.91 701.10 Td (on ) Tj ET Q q 0 0 0 rg BT 191.41 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.24 701.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 260.29 701.10 Td (results ) Tj ET Q q 0 0 0 rg BT 288.89 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.72 701.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 343.88 701.10 Td (or ) Tj ET Q q 0 0 0 rg BT 354.71 701.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 374.98 701.10 Td (flows.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 91.73 677.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 132.08 677.10 Td (Costs. ) Tj ET Q q 0 0 0 rg BT 161.59 677.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.27 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 176.46 677.10 Td (April ) Tj ET Q q 0 0 0 rg BT 201.25 677.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 227.43 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.32 677.10 Td (F) Tj ET Q q 0 0 0 rg BT 248.14 677.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 271.27 677.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 299.13 677.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 322.82 677.10 Td (2015-03, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 362.32 677.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 381.39 677.10 Td (est ) Tj ET Q q 0 0 0 rg BT 396.17 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.85 677.10 Td (Imputation ) Tj ET Q q 0 0 0 rg BT 452.42 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.87 677.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 482.94 677.10 Td (est: ) Tj ET Q q 0 0 0 rg BT 501.05 677.10 Td (Simplifying ) Tj ET Q q 0 0 0 rg BT 550.28 677.10 Td (the ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 59.13 665.10 Td (esentation ) Tj ET Q q 0 0 0 rg BT 103.01 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.56 665.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 135.77 665.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 173.54 665.10 Td (Costs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.55 665.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 229.09 665.10 Td (2015-03\). ) Tj ET Q q 0 0 0 rg BT 275.47 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 277.63 665.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 300.41 665.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 336.51 665.10 Td (requires ) Tj ET Q q 0 0 0 rg BT 371.50 665.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 391.49 665.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 428.14 665.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 450.91 665.10 Td (related ) Tj ET Q q 0 0 0 rg BT 480.89 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.44 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 498.66 665.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 545.30 665.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 82.26 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 91.68 653.10 Td (be ) Tj ET Q q 0 0 0 rg BT 102.77 653.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 142.73 653.10 Td (as ) Tj ET Q q 0 0 0 rg BT 152.71 653.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.79 653.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 183.20 653.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 222.61 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 232.59 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.45 653.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 281.42 653.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 313.06 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.03 653.10 Td (that ) Tj ET Q q 0 0 0 rg BT 339.68 653.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 358.54 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 367.97 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.83 653.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 414.01 653.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 438.70 653.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 480.34 653.10 Td (with ) Tj ET Q q 0 0 0 rg BT 499.77 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.63 653.10 Td (presentation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.86 641.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 81.11 641.10 Td (discounts. ) Tj ET Q q 0 0 0 rg BT 124.42 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.23 641.10 Td (The ) Tj ET Q q 0 0 0 rg BT 145.81 641.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 199.38 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.19 641.10 Td (this ) Tj ET Q q 0 0 0 rg BT 227.00 641.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 250.04 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 265.28 641.10 Td (ef) Tj ET Q q 0 0 0 rg BT 272.86 641.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 303.10 641.10 Td (for ) Tj ET Q q 0 0 0 rg BT 317.79 641.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.48 641.10 Td (years ) Tj ET Q q 0 0 0 rg BT 366.61 641.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 409.63 641.10 Td (after ) Tj ET Q q 0 0 0 rg BT 430.98 641.10 Td (December ) Tj ET Q q 0 0 0 rg BT 475.09 641.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 490.63 641.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 516.16 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 533.63 641.10 Td (interim ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 81.46 629.10 Td (within ) Tj ET Q q 0 0 0 rg BT 109.53 629.10 Td (those ) Tj ET Q q 0 0 0 rg BT 133.16 629.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 157.34 629.10 Td (years. ) Tj ET Q q 0 0 0 rg BT 183.46 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.97 629.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 219.05 629.10 Td (are ) Tj ET Q q 0 0 0 rg BT 233.77 629.10 Td (required ) Tj ET Q q 0 0 0 rg BT 269.61 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 279.91 629.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 304.64 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 319.38 629.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 357.99 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.51 629.10 Td (a ) Tj ET Q q 0 0 0 rg BT 377.47 629.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 431.63 629.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 454.15 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 464.45 629.10 Td (each ) Tj ET Q q 0 0 0 rg BT 485.28 629.10 Td (period ) Tj ET Q q 0 0 0 rg BT 513.35 629.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 554.18 629.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.50 617.10 Td (change ) Tj ET Q q 0 0 0 rg BT 87.39 617.10 Td (in ) Tj ET Q q 0 0 0 rg BT 97.73 617.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 144.17 617.10 Td (principle. ) Tj ET Q q 0 0 0 rg BT 184.78 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 187.34 617.10 Td (In ) Tj ET Q q 0 0 0 rg BT 197.67 617.10 Td (August ) Tj ET Q q 0 0 0 rg BT 229.13 617.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 254.19 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.98 617.10 Td (F) Tj ET Q q 0 0 0 rg BT 273.80 617.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 295.82 617.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 322.82 617.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 345.39 617.10 Td (2015-15, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 383.78 617.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 402.85 617.10 Td (est) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.96 617.10 Td ( ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 416.52 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.09 617.10 Td (Imputation ) Tj ET Q q 0 0 0 rg BT 470.54 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.89 617.10 Td (Inter) Tj ET Q q 0 0 0 rg BT 499.95 617.10 Td (est: ) Tj ET Q q 0 0 0 rg BT 516.96 617.10 Td (Simplifying ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.78 605.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 73.41 605.10 Td (esentation ) Tj ET Q q 0 0 0 rg BT 116.57 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.41 605.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 147.91 605.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 184.97 605.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 209.26 605.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 239.10 605.10 Td (2015-15\) ) Tj ET Q q 0 0 0 rg BT 282.26 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 308.76 605.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 340.91 605.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 362.98 605.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 398.37 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.21 605.10 Td (clarify ) Tj ET Q q 0 0 0 rg BT 436.37 605.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.64 605.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 501.58 605.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.08 605.10 Td (subsequent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 105.41 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.34 593.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 136.15 593.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 172.63 593.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 195.23 593.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 238.92 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 259.30 593.10 Td (line ) Tj ET Q q 0 0 0 rg BT 276.89 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.82 593.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 313.19 593.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 372.15 593.10 Td (such ) Tj ET Q q 0 0 0 rg BT 393.08 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 410.67 593.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 442.15 593.10 Td (may ) Tj ET Q q 0 0 0 rg BT 461.97 593.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 499.00 593.10 Td (to ) Tj ET Q q 0 0 0 rg BT 509.38 593.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 534.19 593.10 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (practice. ) Tj ET Q q 0 0 0 rg BT 85.89 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.13 581.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 97.39 581.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 126.84 581.10 Td (January ) Tj ET Q q 0 0 0 rg BT 160.18 581.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 169.93 581.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 194.68 581.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.58 581.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 241.99 581.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 264.24 581.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 299.81 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.00 581.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 338.25 581.10 Td (2015-15, ) Tj ET Q q 0 0 0 rg BT 376.33 581.10 Td (which ) Tj ET Q q 0 0 0 rg BT 403.02 581.10 Td (have ) Tj ET Q q 0 0 0 rg BT 424.14 581.10 Td (been ) Tj ET Q q 0 0 0 rg BT 445.26 581.10 Td (applied ) Tj ET Q q 0 0 0 rg BT 476.94 581.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 538.61 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 552.51 581.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 101.89 569.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 134.29 569.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 178.08 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 180.39 569.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 229.72 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 235.19 569.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 255.38 569.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 292.22 569.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 315.19 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.49 569.10 Td ($32.8 ) Tj ET Q q 0 0 0 rg BT 351.96 569.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.85 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 383.81 569.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 427.88 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 448.62 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 464.92 569.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 510.10 569.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 538.07 569.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 104.20 557.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 128.36 557.10 Td (have ) Tj ET Q q 0 0 0 rg BT 150.28 557.10 Td (been ) Tj ET Q q 0 0 0 rg BT 172.20 557.10 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 220.78 557.10 Td (from ) Tj ET Q q 0 0 0 rg BT 243.26 557.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 273.52 557.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 304.33 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 315.16 557.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 365.40 557.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 388.17 557.10 Td (net ) Tj ET Q q 0 0 0 rg BT 403.43 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.80 557.10 Td (current ) Tj ET Q q 0 0 0 rg BT 446.17 557.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 482.54 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.36 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.74 557.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 83.08 545.10 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 106.67 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 116.37 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.08 545.10 Td (December ) Tj ET Q q 0 0 0 rg BT 168.54 545.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 182.41 545.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 206.28 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.56 545.10 Td (The ) Tj ET Q q 0 0 0 rg BT 224.48 545.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 260.85 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 270.25 545.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 291.63 545.10 Td (2015-03 ) Tj ET Q q 0 0 0 rg BT 326.34 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 341.85 545.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 363.23 545.10 Td (2015-15 ) Tj ET Q q 0 0 0 rg BT 397.93 545.10 Td (did ) Tj ET Q q 0 0 0 rg BT 412.08 545.10 Td (not ) Tj ET Q q 0 0 0 rg BT 426.24 545.10 Td (have ) Tj ET Q q 0 0 0 rg BT 446.49 545.10 Td (an ) Tj ET Q q 0 0 0 rg BT 457.30 545.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 485.89 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.26 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.97 545.10 Td (consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (results ) Tj ET Q q 0 0 0 rg BT 78.11 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 88.94 533.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 133.09 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 143.92 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 164.19 533.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 188.91 533.10 Td (for ) Tj ET Q q 0 0 0 rg BT 203.07 533.10 Td (any ) Tj ET Q q 0 0 0 rg BT 220.01 533.10 Td (periods.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (Not ) Tj ET Q q 0 0 0 rg BT 66.45 509.10 Td (Y) Tj ET Q q 0 0 0 rg BT 71.09 509.10 Td (et ) Tj ET Q q 0 0 0 rg BT 80.63 509.10 Td (Adopted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 485.10 Td (Leases. ) Tj ET Q q 0 0 0 rg BT 101.13 485.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.93 485.10 Td (In ) Tj ET Q q 0 0 0 rg BT 115.05 485.10 Td (February ) Tj ET Q q 0 0 0 rg BT 153.95 485.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 179.25 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 194.26 485.10 Td (F) Tj ET Q q 0 0 0 rg BT 199.08 485.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 221.33 485.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 248.51 485.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 271.32 485.10 Td (2016-02, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 309.94 485.10 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.17 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 339.96 485.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 370.53 485.10 Td (2016-02\). ) Tj ET Q q 0 0 0 rg BT 416.93 485.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.11 485.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 441.91 485.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 478.04 485.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 511.39 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.40 485.10 Td (guidance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.54 473.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 85.90 473.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 132.14 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.30 473.10 Td (require ) Tj ET Q q 0 0 0 rg BT 172.99 473.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 195.35 473.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 221.06 473.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.87 473.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 277.46 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.62 473.10 Td (be ) Tj ET Q q 0 0 0 rg BT 299.43 473.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 345.67 473.10 Td (on ) Tj ET Q q 0 0 0 rg BT 358.04 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.63 473.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 405.54 473.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 430.96 473.10 Td (along ) Tj ET Q q 0 0 0 rg BT 455.56 473.10 Td (with ) Tj ET Q q 0 0 0 rg BT 475.71 473.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 518.08 473.10 Td (disclosures ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 90.86 461.10 Td (key ) Tj ET Q q 0 0 0 rg BT 108.35 461.10 Td (leasing ) Tj ET Q q 0 0 0 rg BT 139.72 461.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 199.13 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.95 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.54 461.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 274.13 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.96 461.10 Td (this ) Tj ET Q q 0 0 0 rg BT 301.78 461.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 324.83 461.10 Td (are ) Tj ET Q q 0 0 0 rg BT 340.08 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 347.67 461.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 377.92 461.10 Td (for ) Tj ET Q q 0 0 0 rg BT 392.62 461.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 417.32 461.10 Td (years ) Tj ET Q q 0 0 0 rg BT 441.47 461.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 484.51 461.10 Td (after ) Tj ET Q q 0 0 0 rg BT 505.87 461.10 Td (December ) Tj ET Q q 0 0 0 rg BT 550.00 461.10 Td (15, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 75.23 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.89 449.10 Td (interim ) Tj ET Q q 0 0 0 rg BT 125.00 449.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 157.66 449.10 Td (within ) Tj ET Q q 0 0 0 rg BT 186.44 449.10 Td (those ) Tj ET Q q 0 0 0 rg BT 210.77 449.10 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 235.65 449.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 262.48 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 280.14 449.10 Td (early ) Tj ET Q q 0 0 0 rg BT 303.35 449.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 341.57 449.10 Td (is ) Tj ET Q q 0 0 0 rg BT 351.47 449.10 Td (permitted. ) Tj ET Q q 0 0 0 rg BT 395.51 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 398.74 449.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 432.52 449.10 Td (must ) Tj ET Q q 0 0 0 rg BT 455.19 449.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 480.63 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 496.07 449.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 533.17 449.10 Td (using ) Tj ET Q q 0 0 0 rg BT 558.07 449.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 89.50 437.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 145.04 437.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 186.71 437.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.05 437.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 231.16 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.28 437.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 287.27 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 298.95 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.06 437.10 Td (earliest ) Tj ET Q q 0 0 0 rg BT 347.83 437.10 Td (comparative ) Tj ET Q q 0 0 0 rg BT 401.15 437.10 Td (period ) Tj ET Q q 0 0 0 rg BT 430.59 437.10 Td (presented, ) Tj ET Q q 0 0 0 rg BT 475.31 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 496.98 437.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 528.08 437.10 Td (practical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (expedients ) Tj ET Q q 0 0 0 rg BT 94.46 425.10 Td (that ) Tj ET Q q 0 0 0 rg BT 111.66 425.10 Td (entities ) Tj ET Q q 0 0 0 rg BT 142.74 425.10 Td (may ) Tj ET Q q 0 0 0 rg BT 162.16 425.10 Td (elect ) Tj ET Q q 0 0 0 rg BT 183.23 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 193.21 425.10 Td (apply) Tj ET Q q 0 0 0 rg BT 214.77 425.10 Td (. ) Tj ET Q q 0 0 0 rg BT 219.47 425.10 Td ( ) Tj ET Q q 0 0 0 rg BT 221.67 425.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 276.07 425.10 Td (is ) Tj ET Q q 0 0 0 rg BT 284.94 425.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 323.24 425.10 Td (assessing ) Tj ET Q q 0 0 0 rg BT 362.66 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.08 425.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 406.49 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.90 425.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 458.10 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.14 425.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 490.35 425.10 Td (2016-02 ) Tj ET Q q 0 0 0 rg BT 525.88 425.10 Td (will ) Tj ET Q q 0 0 0 rg BT 543.63 425.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 77.83 413.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 130.87 413.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 168.35 413.10 Td (statements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 107.88 389.10 Td (Recognition.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 161.48 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 165.20 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 168.92 389.10 Td (In ) Tj ET Q q 0 0 0 rg BT 180.96 389.10 Td (May ) Tj ET Q q 0 0 0 rg BT 203.01 389.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 229.22 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.16 389.10 Td (F) Tj ET Q q 0 0 0 rg BT 249.98 389.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 273.14 389.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 301.04 389.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 324.76 389.10 Td (2014-09, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 364.31 389.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 401.88 389.10 Td (fr) Tj ET Q q 0 0 0 rg BT 408.18 389.10 Td (om ) Tj ET Q q 0 0 0 rg BT 424.12 389.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 467.29 389.10 Td (with ) Tj ET Q q 0 0 0 rg BT 488.23 389.10 Td (Customers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.01 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 534.73 389.10 Td (\(ASU ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (2014-09\). ) Tj ET Q q 0 0 0 rg BT 95.16 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 96.76 377.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 118.82 377.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 154.21 377.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 186.82 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 201.09 377.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 239.24 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 252.96 377.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 286.67 377.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 334.27 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.10 377.10 Td (replace ) Tj ET Q q 0 0 0 rg BT 375.02 377.10 Td (numerous, ) Tj ET Q q 0 0 0 rg BT 419.02 377.10 Td (industry-specific ) Tj ET Q q 0 0 0 rg BT 488.28 377.10 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 545.04 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 377.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (core ) Tj ET Q q 0 0 0 rg BT 69.11 365.10 Td (principle ) Tj ET Q q 0 0 0 rg BT 107.06 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.80 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.89 365.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 154.31 365.10 Td (is ) Tj ET Q q 0 0 0 rg BT 163.38 365.10 Td (that ) Tj ET Q q 0 0 0 rg BT 180.79 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 192.63 365.10 Td (entity ) Tj ET Q q 0 0 0 rg BT 217.81 365.10 Td (should ) Tj ET Q q 0 0 0 rg BT 246.89 365.10 Td (recognize ) Tj ET Q q 0 0 0 rg BT 288.16 365.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 322.21 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 336.28 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 350.90 365.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 383.85 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 394.58 365.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 420.88 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.62 365.10 Td (services ) Tj ET Q q 0 0 0 rg BT 466.23 365.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 490.30 365.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.48 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.11 365.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 547.51 365.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (it ) Tj ET Q q 0 0 0 rg BT 58.04 353.10 Td (expects ) Tj ET Q q 0 0 0 rg BT 91.01 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 101.77 353.10 Td (be ) Tj ET Q q 0 0 0 rg BT 114.19 353.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 147.17 353.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.93 353.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 189.77 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 204.42 353.10 Td (those ) Tj ET Q q 0 0 0 rg BT 228.51 353.10 Td (goods ) Tj ET Q q 0 0 0 rg BT 255.38 353.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.70 353.10 Td (services. ) Tj ET Q q 0 0 0 rg BT 304.39 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.16 353.10 Td (The ) Tj ET Q q 0 0 0 rg BT 325.03 353.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 348.02 353.10 Td (implements ) Tj ET Q q 0 0 0 rg BT 397.66 353.10 Td (a ) Tj ET Q q 0 0 0 rg BT 405.08 353.10 Td (five-step ) Tj ET Q q 0 0 0 rg BT 443.05 353.10 Td (process ) Tj ET Q q 0 0 0 rg BT 476.02 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.67 353.10 Td (customer ) Tj ET Q q 0 0 0 rg BT 530.31 353.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 83.59 341.10 Td (recognition ) Tj ET Q q 0 0 0 rg BT 131.58 341.10 Td (that ) Tj ET Q q 0 0 0 rg BT 149.02 341.10 Td (focuses ) Tj ET Q q 0 0 0 rg BT 181.45 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 193.90 341.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 226.88 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.66 341.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 270.93 341.10 Td (as ) Tj ET Q q 0 0 0 rg BT 281.70 341.10 Td (opposed ) Tj ET Q q 0 0 0 rg BT 317.48 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.70 341.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 360.68 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.46 341.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 388.91 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 405.79 341.10 Td (rewards. ) Tj ET Q q 0 0 0 rg BT 442.38 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.65 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 462.65 341.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 511.74 341.10 Td (also ) Tj ET Q q 0 0 0 rg BT 530.29 341.10 Td (requires ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 89.37 329.10 Td (disclosures ) Tj ET Q q 0 0 0 rg BT 135.92 329.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 176.35 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.68 329.10 Td (nature, ) Tj ET Q q 0 0 0 rg BT 220.28 329.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 254.89 329.10 Td (timing ) Tj ET Q q 0 0 0 rg BT 283.12 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.67 329.10 Td (uncertainty ) Tj ET Q q 0 0 0 rg BT 346.77 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 357.21 329.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 394.86 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 411.41 329.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 431.30 329.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 455.63 329.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 484.96 329.10 Td (from ) Tj ET Q q 0 0 0 rg BT 506.52 329.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 544.72 329.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (customers. ) Tj ET Q q 0 0 0 rg BT 95.43 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 98.32 317.10 Td (In ) Tj ET Q q 0 0 0 rg BT 108.89 317.10 Td (August ) Tj ET Q q 0 0 0 rg BT 140.67 317.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 166.06 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.16 317.10 Td (F) Tj ET Q q 0 0 0 rg BT 185.98 317.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 208.31 317.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 235.56 317.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 258.45 317.10 Td (2015-14, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 297.17 317.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 333.91 317.10 Td (fr) Tj ET Q q 0 0 0 rg BT 340.21 317.10 Td (om ) Tj ET Q q 0 0 0 rg BT 355.32 317.10 Td (Contracts ) Tj ET Q q 0 0 0 rg BT 397.65 317.10 Td (with ) Tj ET Q q 0 0 0 rg BT 417.76 317.10 Td (Customers ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.43 317.10 Td (\(ASU ) Tj ET Q q 0 0 0 rg BT 494.09 317.10 Td (2015-14\) ) Tj ET Q q 0 0 0 rg BT 538.07 317.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (amends ) Tj ET Q q 0 0 0 rg BT 81.99 305.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 104.49 305.10 Td (2014-09 ) Tj ET Q q 0 0 0 rg BT 140.32 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 157.26 305.10 Td (delays ) Tj ET Q q 0 0 0 rg BT 185.30 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.01 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 207.60 305.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 237.30 305.10 Td (date ) Tj ET Q q 0 0 0 rg BT 256.45 305.10 Td (for ) Tj ET Q q 0 0 0 rg BT 270.61 305.10 Td (public ) Tj ET Q q 0 0 0 rg BT 298.10 305.10 Td (companies, ) Tj ET Q q 0 0 0 rg BT 345.86 305.10 Td (such ) Tj ET Q q 0 0 0 rg BT 366.69 305.10 Td (that ) Tj ET Q q 0 0 0 rg BT 384.18 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.89 305.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 451.93 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 462.20 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 476.37 305.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 498.87 305.10 Td (are ) Tj ET Q q 0 0 0 rg BT 513.57 305.10 Td (ef) Tj ET Q q 0 0 0 rg BT 521.16 305.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 550.86 305.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.47 293.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 120.22 293.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 162.52 293.10 Td (after ) Tj ET Q q 0 0 0 rg BT 183.15 293.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.54 293.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 241.35 293.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 266.17 293.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 293.10 Td (early ) Tj ET Q q 0 0 0 rg BT 305.21 293.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 342.52 293.10 Td (will ) Tj ET Q q 0 0 0 rg BT 360.39 293.10 Td (be ) Tj ET Q q 0 0 0 rg BT 372.13 293.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 412.77 293.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.74 293.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 458.49 293.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 500.79 293.10 Td (after ) Tj ET Q q 0 0 0 rg BT 521.42 293.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 64.84 281.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 90.18 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.02 281.10 Td (In ) Tj ET Q q 0 0 0 rg BT 104.19 281.10 Td (March, ) Tj ET Q q 0 0 0 rg BT 135.01 281.10 Td (April ) Tj ET Q q 0 0 0 rg BT 158.96 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.23 281.10 Td (May ) Tj ET Q q 0 0 0 rg BT 197.41 281.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 222.75 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.80 281.10 Td (F) Tj ET Q q 0 0 0 rg BT 242.62 281.10 Td (ASB ) Tj ET Q q 0 0 0 rg BT 264.92 281.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 292.76 281.10 Td (four ) Tj ET Q q 0 0 0 rg BT 312.26 281.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 354.46 281.10 Td (ASUs ) Tj ET Q q 0 0 0 rg BT 381.20 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 408.48 281.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 448.53 281.10 Td (clarified ) Tj ET Q q 0 0 0 rg BT 484.68 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 499.74 281.10 Td (implementation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 87.47 269.10 Td (on ) Tj ET Q q 0 0 0 rg BT 99.35 269.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 136.78 269.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 164.21 269.10 Td (agent ) Tj ET Q q 0 0 0 rg BT 187.74 269.10 Td (considerations, ) Tj ET Q q 0 0 0 rg BT 249.89 269.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 302.29 269.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 348.61 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.93 269.10 Td (licensing, ) Tj ET Q q 0 0 0 rg BT 405.41 269.10 Td (collectibility) Tj ET Q q 0 0 0 rg BT 455.31 269.10 Td (, ) Tj ET Q q 0 0 0 rg BT 459.69 269.10 Td (presentation ) Tj ET Q q 0 0 0 rg BT 510.44 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.65 269.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 541.97 269.10 Td (taxes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.78 257.10 Td (other ) Tj ET Q q 0 0 0 rg BT 92.18 257.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 123.80 257.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 148.19 257.10 Td (collected ) Tj ET Q q 0 0 0 rg BT 188.12 257.10 Td (from ) Tj ET Q q 0 0 0 rg BT 211.41 257.10 Td (customers, ) Tj ET Q q 0 0 0 rg BT 258.30 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.58 257.10 Td (non-cash ) Tj ET Q q 0 0 0 rg BT 316.53 257.10 Td (consideration. ) Tj ET Q q 0 0 0 rg BT 376.75 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 380.59 257.10 Td (Entities ) Tj ET Q q 0 0 0 rg BT 414.99 257.10 Td (can ) Tj ET Q q 0 0 0 rg BT 432.71 257.10 Td (transition ) Tj ET Q q 0 0 0 rg BT 474.33 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.96 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.02 257.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 539.74 257.10 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (retrospectively ) Tj ET Q q 0 0 0 rg BT 111.47 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 121.79 245.10 Td (each ) Tj ET Q q 0 0 0 rg BT 142.66 245.10 Td (period ) Tj ET Q q 0 0 0 rg BT 170.75 245.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 211.62 245.10 Td (or ) Tj ET Q q 0 0 0 rg BT 222.50 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 233.38 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.36 245.10 Td (cumulative-ef) Tj ET Q q 0 0 0 rg BT 295.71 245.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 313.25 245.10 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 359.68 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 370.55 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 381.43 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.20 245.10 Td (date ) Tj ET Q q 0 0 0 rg BT 415.40 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 426.28 245.10 Td (adoption. ) Tj ET Q q 0 0 0 rg BT 466.33 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 468.69 245.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.33 245.10 Td (e ) Tj ET Q q 0 0 0 rg BT 484.32 245.10 Td (expect ) Tj ET Q q 0 0 0 rg BT 512.96 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.29 245.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 548.05 245.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 86.11 233.10 Td (using ) Tj ET Q q 0 0 0 rg BT 110.51 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.46 233.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 164.29 233.10 Td (retrospective ) Tj ET Q q 0 0 0 rg BT 218.67 233.10 Td (method ) Tj ET Q q 0 0 0 rg BT 251.39 233.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 274.13 233.10 Td (its ) Tj ET Q q 0 0 0 rg BT 286.31 233.10 Td (ef) Tj ET Q q 0 0 0 rg BT 293.89 233.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 323.83 233.10 Td (date. ) Tj ET Q q 0 0 0 rg BT 345.72 233.10 Td ( ) Tj ET Q q 0 0 0 rg BT 348.45 233.10 Td (Management ) Tj ET Q q 0 0 0 rg BT 403.38 233.10 Td (is ) Tj ET Q q 0 0 0 rg BT 412.78 233.10 Td (still ) Tj ET Q q 0 0 0 rg BT 430.52 233.10 Td (evaluating ) Tj ET Q q 0 0 0 rg BT 474.90 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.85 233.10 Td (new ) Tj ET Q q 0 0 0 rg BT 509.24 233.10 Td (guidance ) Tj ET Q q 0 0 0 rg BT 548.07 233.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (has ) Tj ET Q q 0 0 0 rg BT 65.33 221.10 Td (not ) Tj ET Q q 0 0 0 rg BT 80.61 221.10 Td (yet ) Tj ET Q q 0 0 0 rg BT 95.33 221.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 142.81 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.52 221.10 Td (ef) Tj ET Q q 0 0 0 rg BT 165.11 221.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.60 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 197.31 221.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 233.69 221.10 Td (will ) Tj ET Q q 0 0 0 rg BT 251.75 221.10 Td (have ) Tj ET Q q 0 0 0 rg BT 273.12 221.10 Td (on ) Tj ET Q q 0 0 0 rg BT 285.62 221.10 Td (our ) Tj ET Q q 0 0 0 rg BT 301.45 221.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 354.50 221.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 391.98 221.10 Td (statements.) Tj ET Q endstream endobj 161 0 obj <> endobj 162 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (80) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 54.00 713.25 Td (Note 2. ) Tj ET Q q 0 0 0 rg BT 85.94 713.25 Td (Asset Retir) Tj ET Q q 0 0 0 rg BT 133.24 713.25 Td (ement Obligations) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 89.60 689.25 Td (following ) Tj ET Q q 0 0 0 rg BT 130.54 689.25 Td (table ) Tj ET Q q 0 0 0 rg BT 152.03 689.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 201.85 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.13 689.25 Td (changes ) Tj ET Q q 0 0 0 rg BT 250.39 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.22 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 275.61 689.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 297.10 689.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 340.25 689.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 386.75 689.25 Td (for ) Tj ET Q q 0 0 0 rg BT 400.46 689.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.73 689.25 Td (years ) Tj ET Q q 0 0 0 rg BT 437.89 689.25 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.82 689.25 Td (December ) Tj ET Q q 0 0 0 rg BT 506.96 689.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 521.52 689.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.52 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 543.57 689.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 677.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 677.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 53.50 640.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 640.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 640.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 610.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 610.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 610.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 580.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 580.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 580.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 53.50 550.75 366.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 550.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 488.50 550.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 550.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 653.75 m 488.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 488.5 653.75 m 492.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 653.75 m 557.5 653.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 53.5 640.75 m 419.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 640.75 m 488.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 640.75 m 557.5 640.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 565.75 m 488.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 565.75 m 557.5 565.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 535.75 m 488.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 535.75 m 557.5 535.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 521.75 m 488.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 519.75 m 488.5 519.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 521.75 m 557.5 521.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 519.75 m 557.5 519.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 657.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 437.45 657.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 56.00 644.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.50 644.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.50 644.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 630.42 Td (Beginning asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 630.42 Td (145,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 630.42 Td (128,095) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 615.42 Td (Liabilities incurred and assumed during period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 615.42 Td (5,383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 615.42 Td (9,628) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 600.42 Td (Revisions in estimated retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.15 600.42 Td (6,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 600.42 Td (5,238) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 585.42 Td (Liabilities settled and sold during period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.80 585.47 Td (\(19,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 585.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 585.47 Td (\(6,914) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 585.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 570.42 Td (Accretion expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.15 570.42 Td (11,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.15 570.42 Td (9,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 555.42 Td (Ending asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 555.42 Td (149,120) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 555.42 Td (145,696) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.00 540.42 Td (Less: current asset retirement obligations ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 234.89 544.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.80 540.47 Td (\(2,313) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.65 540.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 540.47 Td (\(6,777) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.65 540.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 56.00 525.42 Td (Long-term asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 426.00 525.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.15 525.42 Td (146,807) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.00 525.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.15 525.42 Td (138,919) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 497.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 497.25 Td (Included in Accounts payable and accrued liabilities in our Consolidated Balance Sheets.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 473.25 Td (Liabilities ) Tj ET Q q 0 0 0 rg BT 115.05 473.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 151.99 473.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 176.69 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 186.97 473.25 Td (minor ) Tj ET Q q 0 0 0 rg BT 213.35 473.25 Td (acquisitions, ) Tj ET Q q 0 0 0 rg BT 266.13 473.25 Td (with ) Tj ET Q q 0 0 0 rg BT 286.40 473.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 326.12 473.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 361.94 473.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 401.64 473.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 434.68 473.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.96 473.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 468.57 473.25 Td (and ) Tj ET Q q 0 0 0 rg BT 485.51 473.25 Td (facilities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 72.00 449.25 Td (W) Tj ET Q q 0 0 0 rg BT 80.64 449.25 Td (e ) Tj ET Q q 0 0 0 rg BT 87.87 449.25 Td (have ) Tj ET Q q 0 0 0 rg BT 109.54 449.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 140.65 449.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 178.43 449.25 Td (that ) Tj ET Q q 0 0 0 rg BT 196.21 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 211.21 449.25 Td (legally ) Tj ET Q q 0 0 0 rg BT 241.22 449.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 281.21 449.25 Td (for ) Tj ET Q q 0 0 0 rg BT 295.66 449.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 325.66 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.78 449.25 Td (our ) Tj ET Q q 0 0 0 rg BT 352.90 449.25 Td (asset ) Tj ET Q q 0 0 0 rg BT 375.13 449.25 Td (retirement ) Tj ET Q q 0 0 0 rg BT 419.01 449.25 Td (obligations.) Tj ET Q q 0 0 0 rg BT 470.78 449.25 Td (The ) Tj ET Q q 0 0 0 rg BT 489.11 449.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 526.33 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.45 449.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 437.25 Td (escrow ) Tj ET Q q 0 0 0 rg BT 85.34 437.25 Td (accounts ) Tj ET Q q 0 0 0 rg BT 123.35 437.25 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.80 437.25 Td ($39.3 ) Tj ET Q q 0 0 0 rg BT 171.32 437.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.22 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 203.24 437.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.70 437.25 Td ($38.2 ) Tj ET Q q 0 0 0 rg BT 246.22 437.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.11 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 278.14 437.25 Td (as ) Tj ET Q q 0 0 0 rg BT 289.49 437.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.84 437.25 Td (December ) Tj ET Q q 0 0 0 rg BT 344.95 437.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 360.47 437.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.47 437.25 Td ( ) Tj ET Q q 0 0 0 rg BT 383.49 437.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.95 437.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.95 437.25 Td (, ) Tj ET Q q 0 0 0 rg BT 426.48 437.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 474.14 437.25 Td (.) Tj ET Q q 0 0 0 rg BT 481.46 437.25 Td (These ) Tj ET Q q 0 0 0 rg BT 508.36 437.25 Td (balances ) Tj ET Q q 0 0 0 rg BT 545.80 437.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 425.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 93.23 425.25 Td (invested ) Tj ET Q q 0 0 0 rg BT 128.57 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.36 425.25 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 158.01 425.25 Td (T) Tj ET Q q 0 0 0 rg BT 163.77 425.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 195.21 425.25 Td (bonds, ) Tj ET Q q 0 0 0 rg BT 223.62 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 237.84 425.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 274.83 425.25 Td (at ) Tj ET Q q 0 0 0 rg BT 284.06 425.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 326.05 425.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 344.17 425.25 Td (and ) Tj ET Q q 0 0 0 rg BT 360.63 425.25 Td (are ) Tj ET Q q 0 0 0 rg BT 374.85 425.25 Td (included ) Tj ET Q q 0 0 0 rg BT 411.30 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.09 425.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 450.31 425.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 480.09 425.25 Td (in ) Tj ET Q q 0 0 0 rg BT 489.88 425.25 Td (our ) Tj ET Q q 0 0 0 rg BT 505.23 425.25 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 413.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 89.15 413.25 Td (Sheets.) Tj ET Q q 0 0 0 rg BT 122.58 413.25 Td (The ) Tj ET Q q 0 0 0 rg BT 141.07 413.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 177.33 413.25 Td (value ) Tj ET Q q 0 0 0 rg BT 201.93 413.25 Td (of ) Tj ET Q q 0 0 0 rg BT 213.21 413.25 Td (these ) Tj ET Q q 0 0 0 rg BT 236.71 413.25 Td (investments ) Tj ET Q q 0 0 0 rg BT 287.43 413.25 Td (approximates ) Tj ET Q q 0 0 0 rg BT 344.24 413.25 Td (their ) Tj ET Q q 0 0 0 rg BT 365.52 413.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 406.78 413.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 423.61 413.25 Td (market ) Tj ET Q q 0 0 0 rg BT 454.32 413.25 Td (value ) Tj ET Q q 0 0 0 rg BT 478.92 413.25 Td (as ) Tj ET Q q 0 0 0 rg BT 490.20 413.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.47 413.25 Td (December ) Tj ET Q q 0 0 0 rg BT 545.50 413.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.00 401.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 74.00 401.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.50 401.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.44 401.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 113.44 401.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (Note 3. Pr) Tj ET Q q 0 0 0 rg BT 92.36 377.25 Td (operty and Equipment) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 353.25 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 76.60 353.25 Td (summary ) Tj ET Q q 0 0 0 rg BT 116.24 353.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.00 353.25 Td (the ) Tj ET Q q 0 0 0 rg BT 141.65 353.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 192.39 353.25 Td (property ) Tj ET Q q 0 0 0 rg BT 228.69 353.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 251.12 353.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 289.64 353.25 Td (from ) Tj ET Q q 0 0 0 rg BT 311.51 353.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 324.49 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.36 353.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 371.55 353.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 387.31 353.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 429.72 353.25 Td (being ) Tj ET Q q 0 0 0 rg BT 454.37 353.25 Td (amortized ) Tj ET Q q 0 0 0 rg BT 496.78 353.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 353.25 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 341.25 Td (, ) Tj ET Q q 0 0 0 rg BT 74.50 341.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.44 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.16 341.25 Td (year ) Tj ET Q q 0 0 0 rg BT 125.86 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 136.14 341.25 Td (which ) Tj ET Q q 0 0 0 rg BT 163.08 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 177.80 341.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 200.30 341.25 Td (were ) Tj ET Q q 0 0 0 rg BT 222.22 341.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 258.04 341.25 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 285.75 159.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 208.00 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 212.00 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 277.00 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 281.00 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 346.00 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 350.00 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 415.00 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.00 285.75 74.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 285.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 285.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 255.75 159.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 208.00 255.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 212.00 255.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 277.00 255.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 281.00 255.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 346.00 255.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 350.00 255.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 415.00 255.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 419.00 255.75 74.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 255.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 255.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 315.75 m 277 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 315.75 m 281 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 315.75 m 346 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 315.75 m 350 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 315.75 m 415 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 315.75 m 419 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 315.75 m 493 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 315.75 m 497 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 315.75 m 562 315.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 300.75 m 277 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 277 300.75 m 281 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 300.75 m 346 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 346 300.75 m 350 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 300.75 m 415 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 415 300.75 m 419 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 300.75 m 493 300.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49 285.75 m 208 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 285.75 m 277 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 285.75 m 346 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 285.75 m 415 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 285.75 m 493 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 285.75 m 562 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 285.75 m 277 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 285.75 m 346 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 285.75 m 415 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 285.75 m 493 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 285.75 m 562 285.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 240.75 m 277 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 240.75 m 346 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 240.75 m 415 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 240.75 m 493 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 240.75 m 562 240.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 226.75 m 277 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 212 224.75 m 277 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 226.75 m 346 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 281 224.75 m 346 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 226.75 m 415 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 350 224.75 m 415 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 226.75 m 493 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 419 224.75 m 493 224.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 226.75 m 562 226.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 224.75 m 562 224.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 320.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.20 320.42 Td (December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 305.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.85 305.42 Td (Costs Incurred During:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 305.42 Td () Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 51.50 290.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.00 290.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.00 290.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.00 290.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.75 290.42 Td (2013 and Prior) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.75 290.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 275.42 Td (Property acquisition costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 275.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 250.65 275.42 Td (7,528) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 275.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.15 275.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 275.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.65 275.42 Td (4,875) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 275.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 275.42 Td (592,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 275.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 275.42 Td (604,587) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 260.42 Td (Exploration and development) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 260.42 Td (21,119) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 260.42 Td (24,812) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 260.42 Td (95,397) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 260.42 Td (70,156) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 260.42 Td (211,484) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 245.42 Td (Capitalized interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 245.42 Td (25,220) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 245.42 Td (28,302) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.65 245.42 Td (21,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 245.42 Td (37,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 245.42 Td (111,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.50 230.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.50 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 245.65 230.42 Td (53,867) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.50 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.65 230.42 Td (53,114) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.50 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.65 230.42 Td (121,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.50 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 230.42 Td (699,387) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 230.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 230.42 Td (927,819) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 202.25 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.23 202.25 Td (property ) Tj ET Q q 0 0 0 rg BT 121.28 202.25 Td (acquisition ) Tj ET Q q 0 0 0 rg BT 167.34 202.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 189.51 202.25 Td (for ) Tj ET Q q 0 0 0 rg BT 203.35 202.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 225.52 202.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.14 202.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 263.75 202.25 Td (were ) Tj ET Q q 0 0 0 rg BT 285.35 202.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 324.74 202.25 Td (related ) Tj ET Q q 0 0 0 rg BT 354.12 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 364.07 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 378.46 202.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 394.52 202.25 Td (value ) Tj ET Q q 0 0 0 rg BT 418.35 202.25 Td (allocated ) Tj ET Q q 0 0 0 rg BT 456.61 202.25 Td (to ) Tj ET Q q 0 0 0 rg BT 466.56 202.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.96 202.25 Td (purchase ) Tj ET Q q 0 0 0 rg BT 518.67 202.25 Td (of ) Tj ET Q q 0 0 0 rg BT 529.17 202.25 Td (interests ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 190.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.41 190.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.75 190.25 Td (Cedar ) Tj ET Q q 0 0 0 rg BT 102.75 190.25 Td (Creek ) Tj ET Q q 0 0 0 rg BT 129.07 190.25 Td (Anticline ) Tj ET Q q 0 0 0 rg BT 169.41 190.25 Td (\(CCA\), ) Tj ET Q q 0 0 0 rg BT 211.13 190.25 Td (Hartzog ) Tj ET Q q 0 0 0 rg BT 246.47 190.25 Td (Draw ) Tj ET Q q 0 0 0 rg BT 271.81 190.25 Td (and ) Tj ET Q q 0 0 0 rg BT 289.15 190.25 Td (Thompson ) Tj ET Q q 0 0 0 rg BT 335.05 190.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 362.90 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 374.35 190.25 Td (well ) Tj ET Q q 0 0 0 rg BT 394.70 190.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.16 190.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 420.05 188.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.30 190.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.43 190.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 458.42 190.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 496.54 190.25 Td (at ) Tj ET Q q 0 0 0 rg BT 506.89 190.25 Td (Conroe ) Tj ET Q q 0 0 0 rg BT 539.45 190.25 Td (Field. ) Tj ET Q q 0 0 0 rg BT 565.01 190.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 178.25 Td (Exploration ) Tj ET Q q 0 0 0 rg BT 99.46 178.25 Td (and ) Tj ET Q q 0 0 0 rg BT 116.65 178.25 Td (development ) Tj ET Q q 0 0 0 rg BT 171.05 178.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 193.80 178.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 222.67 178.25 Td (as ) Tj ET Q q 0 0 0 rg BT 233.75 178.25 Td (unevaluated ) Tj ET Q q 0 0 0 rg BT 284.81 178.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 327.54 178.25 Td (are ) Tj ET Q q 0 0 0 rg BT 342.50 178.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 382.46 178.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 426.31 178.25 Td (with ) Tj ET Q q 0 0 0 rg BT 446.84 178.25 Td (ourtertiary ) Tj ET Q q 0 0 0 rg BT 494.29 178.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 507.60 178.25 Td (fields ) Tj ET Q q 0 0 0 rg BT 532.56 178.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 178.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 166.25 Td (under ) Tj ET Q q 0 0 0 rg BT 75.47 166.25 Td (development ) Tj ET Q q 0 0 0 rg BT 130.33 166.25 Td (but ) Tj ET Q q 0 0 0 rg BT 146.31 166.25 Td (did ) Tj ET Q q 0 0 0 rg BT 162.29 166.25 Td (not ) Tj ET Q q 0 0 0 rg BT 178.27 166.25 Td (have ) Tj ET Q q 0 0 0 rg BT 200.35 166.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 231.32 166.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 267.28 166.25 Td (at ) Tj ET Q q 0 0 0 rg BT 277.70 166.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 336.99 166.25 Td (2016.) Tj ET Q q 0 0 0 rg BT 364.31 166.25 Td (The ) Tj ET Q q 0 0 0 rg BT 383.06 166.25 Td (most ) Tj ET Q q 0 0 0 rg BT 405.71 166.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 451.13 166.25 Td (development ) Tj ET Q q 0 0 0 rg BT 505.98 166.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 529.18 166.25 Td (incurred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 154.25 Td (during ) Tj ET Q q 0 0 0 rg BT 78.11 154.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 103.11 154.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 125.62 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.56 154.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 165.06 154.25 Td (relate ) Tj ET Q q 0 0 0 rg BT 189.76 154.25 Td (to ) Tj ET Q q 0 0 0 rg BT 200.04 154.25 Td (development ) Tj ET Q q 0 0 0 rg BT 254.20 154.25 Td (in ) Tj ET Q q 0 0 0 rg BT 264.48 154.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 312.51 154.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.68 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.39 154.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 355.29 152.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.54 154.25 Td ( ) Tj ET Q q 0 0 0 rg BT 361.04 154.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 388.54 154.25 Td (at ) Tj ET Q q 0 0 0 rg BT 398.08 154.25 Td (W) Tj ET Q q 0 0 0 rg BT 406.72 154.25 Td (ebster ) Tj ET Q q 0 0 0 rg BT 433.10 154.25 Td (and ) Tj ET Q q 0 0 0 rg BT 450.04 154.25 Td (Grieve ) Tj ET Q q 0 0 0 rg BT 479.75 154.25 Td (fields, ) Tj ET Q q 0 0 0 rg BT 506.97 154.25 Td (with ) Tj ET Q q 0 0 0 rg BT 527.25 154.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.97 154.25 Td (more ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 142.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 94.27 142.25 Td (development ) Tj ET Q q 0 0 0 rg BT 148.47 142.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 171.03 142.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 206.90 142.25 Td (during ) Tj ET Q q 0 0 0 rg BT 235.57 142.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 258.12 142.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.12 142.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 297.11 142.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 330.21 142.25 Td (to ) Tj ET Q q 0 0 0 rg BT 340.54 142.25 Td (development ) Tj ET Q q 0 0 0 rg BT 394.75 142.25 Td (in ) Tj ET Q q 0 0 0 rg BT 405.09 142.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 453.17 142.25 Td (for ) Tj ET Q q 0 0 0 rg BT 467.39 142.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.16 142.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 496.06 140.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 142.25 Td ( ) Tj ET Q q 0 0 0 rg BT 501.86 142.25 Td (flood ) Tj ET Q q 0 0 0 rg BT 525.53 142.25 Td (at ) Tj ET Q q 0 0 0 rg BT 535.30 142.25 Td (Grieve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 130.25 Td (Field. ) Tj ET Q q 0 0 0 rg BT 75.06 130.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.38 130.25 Td (W) Tj ET Q q 0 0 0 rg BT 86.01 130.25 Td (e ) Tj ET Q q 0 0 0 rg BT 92.95 130.25 Td (have ) Tj ET Q q 0 0 0 rg BT 114.33 130.25 Td (not ) Tj ET Q q 0 0 0 rg BT 129.61 130.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 144.32 130.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 190.69 130.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 220.96 130.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 252.33 130.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 287.59 130.25 Td (in ) Tj ET Q q 0 0 0 rg BT 297.86 130.25 Td (these ) Tj ET Q q 0 0 0 rg BT 320.91 130.25 Td (fields.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 106.25 Td (Costs ) Tj ET Q q 0 0 0 rg BT 91.90 106.25 Td (are ) Tj ET Q q 0 0 0 rg BT 106.28 106.25 Td (transferred ) Tj ET Q q 0 0 0 rg BT 151.76 106.25 Td (into ) Tj ET Q q 0 0 0 rg BT 169.48 106.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.87 106.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 236.58 106.25 Td (base ) Tj ET Q q 0 0 0 rg BT 256.52 106.25 Td (on ) Tj ET Q q 0 0 0 rg BT 268.69 106.25 Td (an ) Tj ET Q q 0 0 0 rg BT 280.30 106.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 315.24 106.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 337.41 106.25 Td (as ) Tj ET Q q 0 0 0 rg BT 347.92 106.25 Td (projects ) Tj ET Q q 0 0 0 rg BT 381.74 106.25 Td (are ) Tj ET Q q 0 0 0 rg BT 396.12 106.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 436.60 106.25 Td (and ) Tj ET Q q 0 0 0 rg BT 453.21 106.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 483.15 106.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 518.08 106.25 Td (established ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 94.25 Td (or ) Tj ET Q q 0 0 0 rg BT 61.82 94.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 111.90 94.25 Td (determined.) Tj ET Q q 0 0 0 rg BT 164.20 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 172.84 94.25 Td (e ) Tj ET Q q 0 0 0 rg BT 181.26 94.25 Td (review ) Tj ET Q q 0 0 0 rg BT 212.46 94.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.66 94.25 Td (excluded ) Tj ET Q q 0 0 0 rg BT 268.74 94.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 312.71 94.25 Td (for ) Tj ET Q q 0 0 0 rg BT 328.35 94.25 Td (impairment ) Tj ET Q q 0 0 0 rg BT 378.44 94.25 Td (at ) Tj ET Q q 0 0 0 rg BT 389.64 94.25 Td (lea) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 401.30 101.18 163.70 -9.09 re f /GS0 gs q 0 0 0 rg BT 401.30 94.25 Td (st ) Tj ET Q q 0 0 0 rg BT 411.95 94.25 Td (annually) Tj ET Q q 0 0 0 rg BT 445.74 94.25 Td (.) Tj ET Q q 0 0 0 rg BT 453.06 94.25 Td (W) Tj ET Q q 0 0 0 rg BT 461.69 94.25 Td (e ) Tj ET Q q 0 0 0 rg BT 470.12 94.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 510.20 94.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 547.50 94.25 Td (that ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 89.18 515.52 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 82.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 93.47 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 104.12 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.66 82.25 Td (majority ) Tj ET Q q 0 0 0 rg BT 154.86 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.51 82.25 Td (these ) Tj ET Q q 0 0 0 rg BT 188.38 82.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 230.69 82.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.45 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.98 82.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 300.97 82.25 Td (of ) Tj ET Q q 0 0 0 rg BT 311.62 82.25 Td (their ) Tj ET Q q 0 0 0 rg BT 332.27 82.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 354.59 82.25 Td (in ) Tj ET Q q 0 0 0 rg BT 364.69 82.25 Td (the ) Tj ET Q q 0 0 0 rg BT 379.22 82.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 432.08 82.25 Td (base ) Tj ET Q q 0 0 0 rg BT 452.17 82.25 Td (is ) Tj ET Q q 0 0 0 rg BT 461.16 82.25 Td (expected ) Tj ET Q q 0 0 0 rg BT 499.02 82.25 Td (to ) Tj ET Q q 0 0 0 rg BT 509.11 82.25 Td (be ) Tj ET Q q 0 0 0 rg BT 520.87 82.25 Td (completed ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 49.50 77.18 28.01 -9.09 re f /GS0 gs q 0 0 0 rg BT 49.50 70.25 Td (within ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 77.51 77.18 15.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 77.51 70.25 Td (five) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 93.06 77.18 12.69 -9.09 re f /GS0 gs q 0 0 0 rg BT 93.06 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 95.52 70.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 105.75 77.18 12.22 -9.09 re f /GS0 gs q 0 0 0 rg BT 105.75 70.25 Td (ten) Tj ET Q BT /F1 10.00 Tf ET 1 1 1 rg /GS0 gs 117.97 77.18 23.55 -9.09 re f /GS0 gs q 0 0 0 rg BT 117.97 70.25 Td ( ) Tj ET Q q 0 0 0 rg BT 120.42 70.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.52 70.25 Td (. ) Tj ET Q q 0 0 0 rg BT 148.98 70.25 Td (Until ) Tj ET Q q 0 0 0 rg BT 171.99 70.25 Td (we ) Tj ET Q q 0 0 0 rg BT 186.11 70.25 Td (are ) Tj ET Q q 0 0 0 rg BT 200.77 70.25 Td (able ) Tj ET Q q 0 0 0 rg BT 219.88 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 230.12 70.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 272.55 70.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 307.21 70.25 Td (there ) Tj ET Q q 0 0 0 rg BT 329.66 70.25 Td (are ) Tj ET Q q 0 0 0 rg BT 344.32 70.25 Td (any ) Tj ET Q q 0 0 0 rg BT 361.21 70.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 391.44 70.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 426.65 70.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 474.65 70.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.88 70.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.55 70.25 Td (above ) Tj ET Q q 0 0 0 rg BT 525.89 70.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 550.84 70.25 Td (we ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 58.25 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 58.25 Td (not ) Tj ET Q q 0 0 0 rg BT 79.49 58.25 Td (able ) Tj ET Q q 0 0 0 rg BT 98.64 58.25 Td (to ) Tj ET Q q 0 0 0 rg BT 108.92 58.25 Td (assess ) Tj ET Q q 0 0 0 rg BT 135.86 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 150.58 58.25 Td (future ) Tj ET Q q 0 0 0 rg BT 176.96 58.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 206.67 58.25 Td (on ) Tj ET Q q 0 0 0 rg BT 219.17 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 233.88 58.25 Td (amortization ) Tj ET Q q 0 0 0 rg BT 286.92 58.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 304.41 58.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.24 58.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.95 58.25 Td (full ) Tj ET Q q 0 0 0 rg BT 346.34 58.25 Td (cost ) Tj ET Q q 0 0 0 rg BT 364.95 58.25 Td (pool.) Tj ET Q endstream endobj 163 0 obj <> endobj 164 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (81) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (Note 4. Long-T) Tj ET Q q 0 0 0 rg BT 113.30 701.10 Td (erm Debt) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 677.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 677.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 168.87 677.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 188.58 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 205.52 677.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 234.67 677.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 257.16 677.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 304.10 677.10 Td (were ) Tj ET Q q 0 0 0 rg BT 326.03 677.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 375.20 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 386.03 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.86 677.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 455.44 677.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 475.44 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 477.94 677.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.88 677.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 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q 0 0 0 rg BT 52.00 644.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 644.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 644.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 630.27 Td (Senior Secured Bank Credit Agreement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 630.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 630.27 Td (301,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 630.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 630.27 Td (175,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 615.27 Td (9% Senior Secured Second Lien Notes due 2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 615.27 Td (614,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 615.27 Td () Tj ET Q /GS0 gs q 170.53 0 0 9.09 52.00 598.11 cm /I25 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 600.27 Td (215,144) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 600.27 Td (400,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 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rg BT 454.45 407.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 488.76 407.10 Td (Notes\) ) Tj ET Q q 0 0 0 rg BT 521.97 407.10 Td (represents ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 395.10 Td (most ) Tj ET Q q 0 0 0 rg BT 90.18 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.74 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.19 395.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 149.85 395.10 Td (due ) Tj ET Q q 0 0 0 rg BT 167.52 395.10 Td (over ) Tj ET Q q 0 0 0 rg BT 188.52 395.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.96 395.10 Td (term ) Tj ET Q q 0 0 0 rg BT 225.52 395.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.08 395.10 Td (this ) Tj ET Q q 0 0 0 rg BT 254.76 395.10 Td (obligation, ) Tj ET Q q 0 0 0 rg BT 301.04 395.10 Td (which ) Tj ET Q q 0 0 0 rg BT 328.71 395.10 Td (has ) Tj ET Q q 0 0 0 rg BT 345.27 395.10 Td (been ) Tj ET Q q 0 0 0 rg BT 367.37 395.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 411.14 395.10 Td (for ) Tj ET Q q 0 0 0 rg BT 426.03 395.10 Td (as ) Tj ET Q q 0 0 0 rg BT 437.59 395.10 Td 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0 0 rg BT 333.72 371.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 368.54 371.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 394.49 371.10 Td (that ) Tj ET Q q 0 0 0 rg BT 412.10 371.10 Td (is ) Tj ET Q q 0 0 0 rg BT 421.39 371.10 Td (due ) Tj ET Q q 0 0 0 rg BT 438.45 371.10 Td (within ) Tj ET Q q 0 0 0 rg BT 466.62 371.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.46 371.10 Td (next ) Tj ET Q q 0 0 0 rg BT 501.29 371.10 Td (twelve ) Tj ET Q q 0 0 0 rg BT 530.56 371.10 Td (months. ) Tj ET Q q 0 0 0 rg BT 565.01 371.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 359.10 Td (See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 84.44 359.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 106.94 359.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 135.55 359.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 159.07 359.10 Td (dinated ) Tj ET Q q 0 0 0 rg BT 191.56 359.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 216.84 359.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 258.76 359.10 Td (below ) Tj ET Q q 0 0 0 rg BT 285.70 359.10 Td (for ) Tj ET Q q 0 0 0 rg BT 299.86 359.10 Td (further ) Tj ET Q q 0 0 0 rg BT 329.57 359.10 Td (discussion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 335.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.40 335.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 122.53 335.10 Td (parent ) Tj ET Q q 0 0 0 rg BT 150.87 335.10 Td (company ) Tj ET Q q 0 0 0 rg BT 190.88 335.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.02 335.10 Td (our ) Tj ET Q q 0 0 0 rg BT 218.71 335.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 259.82 335.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 300.66 335.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 339.01 335.10 Td (Resources ) Tj ET Q q 0 0 0 rg BT 383.46 335.10 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 402.09 335.10 Td (\(DRI\), ) Tj ET Q q 0 0 0 rg BT 440.70 335.10 Td (is ) Tj ET Q q 0 0 0 rg BT 450.73 335.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.30 335.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 485.77 335.10 Td (issuer ) Tj ET Q q 0 0 0 rg BT 512.46 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 524.14 335.10 Td (all ) Tj ET Q q 0 0 0 rg BT 537.50 335.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 335.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.34 323.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 120.51 323.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 148.80 323.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 183.18 323.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.68 323.10 Td (and ) Tj ET Q q 0 0 0 rg BT 225.29 323.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 251.91 323.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 305.74 323.10 Td (notes.DRI ) Tj ET Q q 0 0 0 rg BT 353.74 323.10 Td (has ) Tj ET Q q 0 0 0 rg BT 369.25 323.10 Td (no ) Tj ET Q q 0 0 0 rg BT 381.42 323.10 Td (independent ) Tj ET Q q 0 0 0 rg BT 432.47 323.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 457.97 323.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.48 323.10 Td (operations.Each ) Tj ET Q q 0 0 0 rg BT 539.79 323.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 323.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 93.58 311.10 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 138.76 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 150.06 311.10 Td (such ) Tj ET Q q 0 0 0 rg BT 171.36 311.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 195.44 311.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.08 311.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.41 311.10 Td ( ) Tj ET Q q 0 0 0 rg BT 231.38 311.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 263.51 311.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 297.03 311.10 Td (or ) Tj ET Q q 0 0 0 rg BT 308.33 311.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 346.00 311.10 Td (, ) Tj ET Q q 0 0 0 rg BT 351.47 311.10 Td (by ) Tj ET Q q 0 0 0 rg BT 364.44 311.10 Td (DRI, ) Tj ET Q q 0 0 0 rg BT 387.13 311.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.54 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.73 311.10 Td (guarantees ) Tj ET Q q 0 0 0 rg BT 465.46 311.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.76 311.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.95 311.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 516.03 311.10 Td (are ) Tj ET Q q 0 0 0 rg BT 531.20 311.10 Td (full ) Tj ET Q q 0 0 0 rg BT 548.06 311.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.10 Td (unconditional ) Tj ET Q q 0 0 0 rg BT 106.37 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.68 299.10 Td (joint ) Tj ET Q q 0 0 0 rg BT 142.89 299.10 Td (and ) Tj ET Q q 0 0 0 rg BT 159.20 299.10 Td (several; ) Tj ET Q q 0 0 0 rg BT 192.17 299.10 Td (any ) Tj ET Q q 0 0 0 rg BT 208.48 299.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 257.58 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 267.78 299.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 286.88 299.10 Td (that ) Tj ET Q q 0 0 0 rg BT 303.75 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 317.83 299.10 Td (not ) Tj ET Q q 0 0 0 rg BT 332.48 299.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 375.47 299.10 Td (guarantors ) Tj ET Q q 0 0 0 rg BT 419.55 299.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.75 299.10 Td (such ) Tj ET Q q 0 0 0 rg BT 449.96 299.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 472.94 299.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.02 299.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 512.79 299.10 Td (subsidiaries.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 275.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 103.86 275.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 116.36 275.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 141.65 275.10 Td (Cr) Tj ET Q q 0 0 0 rg BT 153.13 275.10 Td (edit ) Tj ET Q q 0 0 0 rg BT 171.74 275.10 Td (Facility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 251.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.62 251.10 Td (December ) Tj ET Q q 0 0 0 rg BT 124.50 251.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 150.79 251.10 Td (we ) Tj ET Q q 0 0 0 rg BT 166.25 251.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 199.46 251.10 Td (into ) Tj ET Q q 0 0 0 rg BT 218.81 251.10 Td (an ) Tj ET Q q 0 0 0 rg BT 231.21 251.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 273.88 251.10 Td (and ) Tj ET Q q 0 0 0 rg BT 292.11 251.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 330.33 251.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 358.29 251.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 406.50 251.10 Td (with ) Tj ET Q q 0 0 0 rg BT 428.07 251.10 Td (JPMor) Tj ET Q q 0 0 0 rg BT 454.57 251.10 Td (gan ) Tj ET Q q 0 0 0 rg BT 472.80 251.10 Td (Chase ) Tj ET Q q 0 0 0 rg BT 501.03 251.10 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 528.43 251.10 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 554.17 251.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.97 239.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 137.39 239.10 Td (and ) Tj ET Q q 0 0 0 rg BT 155.09 239.10 Td (other ) Tj ET Q q 0 0 0 rg BT 178.90 239.10 Td (lenders ) Tj ET Q q 0 0 0 rg BT 211.05 239.10 Td (party ) Tj ET Q q 0 0 0 rg BT 234.86 239.10 Td (thereto ) Tj ET Q q 0 0 0 rg BT 265.88 239.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 284.70 239.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 313.51 239.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 341.05 239.10 Td (Agreement\). ) Tj ET Q q 0 0 0 rg BT 399.00 239.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.03 239.10 Td (The ) Tj ET Q q 0 0 0 rg BT 420.84 239.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 445.21 239.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 472.75 239.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 520.44 239.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.38 239.10 Td (a ) Tj ET Q q 0 0 0 rg BT 538.08 239.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 82.82 227.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 123.94 227.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 149.49 227.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 180.59 227.10 Td (with ) Tj ET Q q 0 0 0 rg BT 201.16 227.10 Td (a ) Tj ET Q q 0 0 0 rg BT 208.39 227.10 Td (maturity ) Tj ET Q q 0 0 0 rg BT 245.05 227.10 Td (date ) Tj ET Q q 0 0 0 rg BT 264.50 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 275.61 227.10 Td (December ) Tj ET Q q 0 0 0 rg BT 319.49 227.10 Td (9, ) Tj ET Q q 0 0 0 rg BT 329.77 227.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 355.06 227.10 Td ( ) Tj ET Q q 0 0 0 rg BT 357.85 227.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 385.62 227.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.63 227.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 424.52 227.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 451.69 227.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 501.40 227.10 Td (letters ) Tj ET Q q 0 0 0 rg BT 528.62 227.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.74 227.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.10 Td (are ) Tj ET Q q 0 0 0 rg BT 63.49 215.10 Td (available ) Tj ET Q q 0 0 0 rg BT 101.35 215.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.91 215.10 Td (an ) Tj ET Q q 0 0 0 rg BT 122.13 215.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 162.77 215.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 194.54 215.10 Td (not ) Tj ET Q q 0 0 0 rg BT 209.10 215.10 Td (to ) Tj ET Q q 0 0 0 rg BT 218.66 215.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.19 215.10 Td ($100 ) Tj ET Q q 0 0 0 rg BT 269.97 215.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.86 215.10 Td (, ) Tj ET Q q 0 0 0 rg BT 303.14 215.10 Td (which ) Tj ET Q q 0 0 0 rg BT 329.36 215.10 Td (may ) Tj ET Q q 0 0 0 rg BT 348.35 215.10 Td (be ) Tj ET Q q 0 0 0 rg BT 359.57 215.10 Td (increased ) Tj ET Q q 0 0 0 rg BT 399.10 215.10 Td (at ) Tj ET Q q 0 0 0 rg BT 408.10 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 422.09 215.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 439.98 215.10 Td (discretion ) Tj ET Q q 0 0 0 rg BT 481.19 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 491.30 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.30 215.10 Td (administrative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (agent, ) Tj ET Q q 0 0 0 rg BT 75.70 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.19 203.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 135.89 203.10 Td (swingline ) Tj ET Q q 0 0 0 rg BT 176.83 203.10 Td (loans ) Tj ET Q q 0 0 0 rg BT 199.99 203.10 Td (are ) Tj ET Q q 0 0 0 rg BT 214.24 203.10 Td (available ) Tj ET Q q 0 0 0 rg BT 252.38 203.10 Td (in ) Tj ET Q q 0 0 0 rg BT 262.21 203.10 Td (an ) Tj ET Q q 0 0 0 rg BT 273.69 203.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 314.60 203.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 346.65 203.10 Td (not ) Tj ET Q q 0 0 0 rg BT 361.47 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 371.30 203.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.10 203.10 Td ($25 ) Tj ET Q q 0 0 0 rg BT 418.15 203.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 447.04 203.10 Td (, ) Tj ET Q q 0 0 0 rg BT 451.59 203.10 Td (each ) Tj ET Q q 0 0 0 rg BT 471.95 203.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 502.33 203.10 Td (to ) Tj ET Q q 0 0 0 rg BT 512.15 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 203.10 Td (available ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 105.53 191.10 Td (under ) Tj ET Q q 0 0 0 rg BT 129.90 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 143.71 191.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 166.41 191.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 192.65 191.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 241.16 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 242.64 191.10 Td (The ) Tj ET Q q 0 0 0 rg BT 259.78 191.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 282.49 191.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 308.72 191.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 354.74 191.10 Td (is ) Tj ET Q q 0 0 0 rg BT 363.01 191.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 408.46 191.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 436.17 191.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.20 191.10 Td (severally ) Tj ET Q q 0 0 0 rg BT 489.89 191.10 Td (by ) Tj ET Q q 0 0 0 rg BT 501.49 191.10 Td (each ) Tj ET Q q 0 0 0 rg BT 521.40 191.10 Td (subsidiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.16 179.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 79.72 179.10 Td (that ) Tj ET Q q 0 0 0 rg BT 97.05 179.10 Td (is ) Tj ET Q q 0 0 0 rg BT 106.05 179.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 131.72 179.10 Td (owned, ) Tj ET Q q 0 0 0 rg BT 163.21 179.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 196.09 179.10 Td (or ) Tj ET Q q 0 0 0 rg BT 206.75 179.10 Td (indirectly) Tj ET Q q 0 0 0 rg BT 244.42 179.10 Td (, ) Tj ET Q q 0 0 0 rg BT 249.26 179.10 Td (by ) Tj ET Q q 0 0 0 rg BT 261.59 179.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 281.15 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 297.92 179.10 Td (is ) Tj ET Q q 0 0 0 rg BT 306.92 179.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 339.79 179.10 Td (by ) Tj ET Q q 0 0 0 rg BT 352.13 179.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 366.12 179.10 Td (a ) Tj ET Q q 0 0 0 rg BT 372.89 179.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 417.44 179.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 448.66 179.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.32 179.10 Td (our ) Tj ET Q q 0 0 0 rg BT 474.99 179.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 505.09 179.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 517.98 179.10 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 179.10 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.74 167.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 108.64 167.10 Td (held ) Tj ET Q q 0 0 0 rg BT 128.77 167.10 Td (through ) Tj ET Q q 0 0 0 rg BT 162.80 167.10 Td (DRI) Tj ET Q q 0 0 0 rg BT 182.80 167.10 Td (s ) Tj ET Q q 0 0 0 rg BT 189.60 167.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.72 167.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 282.63 167.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 297.20 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.33 167.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 341.90 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.15 167.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 381.06 167.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 417.29 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.54 167.10 Td (such ) Tj ET Q q 0 0 0 rg BT 449.78 167.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 502.69 167.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 517.27 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.62 167.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 554.19 167.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 97.87 155.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 140.67 155.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 189.02 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.16 155.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 220.20 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 237.46 155.10 Td (such ) Tj ET Q q 0 0 0 rg BT 258.61 155.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 308.64 155.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 323.12 155.10 Td (applicable\); ) Tj ET Q q 0 0 0 rg BT 373.13 155.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.39 155.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 404.87 155.10 Td (a ) Tj ET Q q 0 0 0 rg BT 412.12 155.10 Td (pledge ) Tj ET Q q 0 0 0 rg BT 441.59 155.10 Td (of ) Tj ET Q q 0 0 0 rg BT 452.74 155.10 Td (deposit ) Tj ET Q q 0 0 0 rg BT 484.45 155.10 Td (accounts, ) Tj ET Q q 0 0 0 rg BT 524.75 155.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 143.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 86.67 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 103.30 143.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 151.04 143.10 Td (accounts ) Tj ET Q q 0 0 0 rg BT 188.21 143.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.73 143.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 218.14 143.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.76 143.10 Td (such ) Tj ET Q q 0 0 0 rg BT 255.28 143.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 304.69 143.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 318.53 143.10 Td (applicable\). ) Tj ET Q q 0 0 0 rg BT 367.64 143.10 Td ( ) Tj ET Q q 0 0 0 rg BT 369.67 143.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.40 143.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 410.70 143.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 437.40 143.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 484.01 143.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 508.98 143.10 Td (our ) Tj ET Q q 0 0 0 rg BT 524.50 143.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 552.24 143.10 Td (to, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 131.10 Td (among ) Tj ET Q q 0 0 0 rg BT 78.21 131.10 Td (other ) Tj ET Q q 0 0 0 rg BT 100.26 131.10 Td (things, ) Tj ET Q q 0 0 0 rg BT 128.71 131.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 150.75 131.10 Td (indebtedness; ) Tj ET Q q 0 0 0 rg BT 206.68 131.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 228.73 131.10 Td (liens; ) Tj ET Q q 0 0 0 rg BT 251.89 131.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 281.70 131.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.98 131.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 319.68 131.10 Td (mer) Tj ET Q q 0 0 0 rg BT 335.05 131.10 Td (gers, ) Tj ET Q q 0 0 0 rg BT 355.71 131.10 Td (consolidations, ) Tj ET Q q 0 0 0 rg BT 417.48 131.10 Td (liquidations ) Tj ET Q q 0 0 0 rg BT 466.20 131.10 Td (and ) Tj ET Q q 0 0 0 rg BT 482.13 131.10 Td (dissolutions; ) Tj ET Q q 0 0 0 rg BT 534.20 131.10 Td (engage ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.63 119.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 83.42 119.10 Td (of ) Tj ET Q q 0 0 0 rg BT 95.11 119.10 Td (assets; ) Tj ET Q q 0 0 0 rg BT 124.57 119.10 Td (make ) Tj ET Q q 0 0 0 rg BT 149.58 119.10 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 200.71 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 218.50 119.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 272.40 119.10 Td (make ) Tj ET Q q 0 0 0 rg BT 297.41 119.10 Td (distributions ) Tj ET Q q 0 0 0 rg BT 350.77 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.56 119.10 Td (dividends; ) Tj ET Q q 0 0 0 rg BT 413.58 119.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.37 119.10 Td (enter ) Tj ET Q q 0 0 0 rg BT 454.71 119.10 Td (into ) Tj ET Q q 0 0 0 rg BT 473.62 119.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 522.53 119.10 Td (derivative ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (agreements, ) Tj ET Q q 0 0 0 rg BT 100.03 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 110.31 107.10 Td (each ) Tj ET Q q 0 0 0 rg BT 131.13 107.10 Td (case ) Tj ET Q q 0 0 0 rg BT 150.83 107.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 181.66 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 191.94 107.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 236.09 107.10 Td (exceptions.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 83.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.40 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.51 83.10 Td (December ) Tj ET Q q 0 0 0 rg BT 136.38 83.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 151.67 83.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 176.96 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.96 83.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 236.40 83.10 Td (base ) Tj ET Q q 0 0 0 rg BT 256.96 83.10 Td (and ) Tj ET Q q 0 0 0 rg BT 274.18 83.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 301.95 83.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 359.18 83.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.62 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.63 83.10 Td (revolving ) Tj ET Q q 0 0 0 rg BT 429.74 83.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 455.29 83.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 486.39 83.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.61 83.10 Td ($1.05 ) Tj ET Q q 0 0 0 rg BT 533.89 83.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 83.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.29 71.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 106.63 71.10 Td (redeterminations ) Tj ET Q q 0 0 0 rg BT 175.18 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 184.86 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 198.43 71.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 241.44 71.10 Td (base ) Tj ET Q q 0 0 0 rg BT 260.56 71.10 Td (are ) Tj ET Q q 0 0 0 rg BT 274.12 71.10 Td (to ) Tj ET Q q 0 0 0 rg BT 283.25 71.10 Td (occur ) Tj ET Q q 0 0 0 rg BT 306.81 71.10 Td (semiannually) Tj ET Q q 0 0 0 rg BT 359.49 71.10 Td (, ) Tj ET Q q 0 0 0 rg BT 363.34 71.10 Td (with ) Tj ET Q q 0 0 0 rg BT 382.47 71.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.04 71.10 Td (next ) Tj ET Q q 0 0 0 rg BT 414.61 71.10 Td (such ) Tj ET Q q 0 0 0 rg BT 434.29 71.10 Td (redetermination ) Tj ET Q q 0 0 0 rg BT 498.95 71.10 Td (being ) Tj ET Q q 0 0 0 rg BT 522.52 71.10 Td (scheduled ) Tj ET Q endstream endobj 165 0 obj <> endobj 166 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.86 713.10 Td (May ) Tj ET Q q 0 0 0 rg BT 84.88 713.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 110.08 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 112.78 713.10 Td (If ) Tj ET Q q 0 0 0 rg BT 122.13 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 138.16 713.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 187.52 713.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 207.44 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 232.90 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.82 713.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 271.62 713.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 298.72 713.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 345.84 713.10 Td (were ) Tj ET Q q 0 0 0 rg BT 367.96 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 378.44 713.10 Td (ever ) Tj ET Q q 0 0 0 rg BT 398.34 713.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 428.79 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.71 713.10 Td (borrowing ) Tj ET Q q 0 0 0 rg BT 488.06 713.10 Td (base, ) Tj ET Q q 0 0 0 rg BT 511.03 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 525.39 713.10 Td (would ) Tj ET Q q 0 0 0 rg BT 553.08 713.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (required ) Tj ET Q q 0 0 0 rg BT 85.32 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.59 701.10 Td (repay ) Tj ET Q q 0 0 0 rg BT 120.30 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 135.02 701.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 163.62 701.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 196.11 701.10 Td (over ) Tj ET Q q 0 0 0 rg BT 216.38 701.10 Td (a ) Tj ET Q q 0 0 0 rg BT 223.32 701.10 Td (period ) Tj ET Q q 0 0 0 rg BT 251.37 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 266.64 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.92 701.10 Td (exceed ) Tj ET Q q 0 0 0 rg BT 307.18 701.10 Td (six ) Tj ET Q q 0 0 0 rg BT 321.35 701.10 Td (months.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 77.10 677.10 Td (order ) Tj ET Q q 0 0 0 rg BT 99.46 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.51 677.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 140.32 677.10 Td (more ) Tj ET Q q 0 0 0 rg BT 162.14 677.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 202.84 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.89 677.10 Td (managing ) Tj ET Q q 0 0 0 rg BT 252.59 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 267.19 677.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 298.98 677.10 Td (sheet, ) Tj ET Q q 0 0 0 rg BT 323.30 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.78 677.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 360.81 677.10 Td (extended ) Tj ET Q q 0 0 0 rg BT 398.17 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 409.44 677.10 Td (our ) Tj ET Q q 0 0 0 rg BT 424.04 677.10 Td (lenders, ) Tj ET Q q 0 0 0 rg BT 456.68 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.39 677.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 516.43 677.10 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (with ) Tj ET Q q 0 0 0 rg BT 70.37 665.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 108.44 665.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 162.06 665.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 205.14 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 216.01 665.10 Td (this ) Tj ET Q q 0 0 0 rg BT 233.55 665.10 Td (low ) Tj ET Q q 0 0 0 rg BT 251.64 665.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 265.29 665.10 Td (price ) Tj ET Q q 0 0 0 rg BT 288.37 665.10 Td (environment, ) Tj ET Q q 0 0 0 rg BT 344.50 665.10 Td (we ) Tj ET Q q 0 0 0 rg BT 359.25 665.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 391.77 665.10 Td (into ) Tj ET Q q 0 0 0 rg BT 410.42 665.10 Td (three ) Tj ET Q q 0 0 0 rg BT 433.50 665.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 487.13 665.10 Td (to ) Tj ET Q q 0 0 0 rg BT 498.00 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.31 665.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 665.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 96.42 653.10 Td (between ) Tj ET Q q 0 0 0 rg BT 132.24 653.10 Td (May ) Tj ET Q q 0 0 0 rg BT 153.07 653.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 175.57 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.96 653.10 Td (April ) Tj ET Q q 0 0 0 rg BT 215.56 653.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 238.06 653.10 Td (making ) Tj ET Q q 0 0 0 rg BT 270.56 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.28 653.10 Td (following ) Tj ET Q q 0 0 0 rg BT 326.66 653.10 Td (modifications ) Tj ET Q q 0 0 0 rg BT 384.15 653.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.43 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.15 653.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 432.76 653.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 459.70 653.10 Td (Agreement:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 629.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 629.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.46 629.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 121.76 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 138.50 629.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 163.29 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.81 629.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 220.66 629.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 261.28 629.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 281.90 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.53 629.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 345.37 629.10 Td (total ) Tj ET Q q 0 0 0 rg BT 365.45 629.10 Td (net ) Tj ET Q q 0 0 0 rg BT 379.96 629.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 399.48 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 409.55 629.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 462.39 629.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 508.58 629.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 546.97 629.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 129.97 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.22 617.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 183.89 617.10 Td (by ) Tj ET Q q 0 0 0 rg BT 196.70 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.94 617.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 247.31 617.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 288.44 617.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 309.57 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.71 617.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 374.06 617.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 401.31 617.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 434.65 617.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 454.68 617.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.27 617.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 518.62 617.10 Td (EBITDAX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 124.43 605.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.60 605.10 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 148.10 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 150.94 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 161.56 605.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 176.90 605.10 Td (\(only ) Tj ET Q q 0 0 0 rg BT 200.85 605.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 220.90 605.10 Td (under ) Tj ET Q q 0 0 0 rg BT 246.51 605.10 Td (our ) Tj ET Q q 0 0 0 rg BT 262.68 605.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 286.63 605.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 313.84 605.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 361.10 605.10 Td (is ) Tj ET Q q 0 0 0 rg BT 370.61 605.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 416.76 605.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 470.14 605.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 497.42 605.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 530.80 605.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 550.85 605.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 123.55 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.38 593.10 Td (this ) Tj ET Q q 0 0 0 rg BT 151.33 593.10 Td (ratio\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 100.78 581.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 124.40 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 142.46 581.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 168.59 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 176.65 581.10 Td (new ) Tj ET Q q 0 0 0 rg BT 196.93 581.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 236.65 581.10 Td (was ) Tj ET Q q 0 0 0 rg BT 255.82 581.10 Td (added ) Tj ET Q q 0 0 0 rg BT 283.32 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 294.72 581.10 Td (require ) Tj ET Q q 0 0 0 rg BT 326.66 581.10 Td (a ) Tj ET Q q 0 0 0 rg BT 334.72 581.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 377.23 581.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 419.17 581.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 441.12 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.07 581.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 507.24 581.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 554.74 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 565.02 581.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 138.54 569.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 170.48 569.10 Td (char) Tj ET Q q 0 0 0 rg BT 187.50 569.10 Td (ges ) Tj ET Q q 0 0 0 rg BT 203.33 569.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.16 569.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 231.66 569.10 Td ( ) Tj ET Q q 0 0 0 rg BT 234.16 569.10 Td (to ) Tj ET Q q 0 0 0 rg BT 244.44 569.10 Td (1.0;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (allowing ) Tj ET Q q 0 0 0 rg BT 123.68 557.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.53 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.94 557.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 199.32 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.84 557.10 Td (up ) Tj ET Q q 0 0 0 rg BT 224.03 557.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 234.99 557.10 Td ($1.0 ) Tj ET Q q 0 0 0 rg BT 255.68 557.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.79 557.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.98 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 296.50 557.10 Td (junior ) Tj ET Q q 0 0 0 rg BT 323.58 557.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 341.76 557.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 362.17 557.10 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 397.01 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.98 557.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 452.82 557.10 Td (requirements\), ) Tj ET Q q 0 0 0 rg BT 514.04 557.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.01 557.10 Td ($385.1 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.39 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.89 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.72 545.10 Td (future ) Tj ET Q q 0 0 0 rg BT 154.10 545.10 Td (incurrence ) Tj ET Q q 0 0 0 rg BT 198.79 545.10 Td (available ) Tj ET Q q 0 0 0 rg BT 237.38 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 248.21 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 259.04 545.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 317.62 545.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 337.62 545.10 Td (;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.55 533.10 Td (unrestricted ) Tj ET Q q 0 0 0 rg BT 169.13 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 189.27 533.10 Td (and ) Tj ET Q q 0 0 0 rg BT 206.09 533.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 226.24 533.10 Td (equivalents ) Tj ET Q q 0 0 0 rg BT 274.16 533.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.31 533.10 Td ($225 ) Tj ET Q q 0 0 0 rg BT 306.69 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.58 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.96 533.10 Td (if ) Tj ET Q q 0 0 0 rg BT 346.45 533.10 Td (more ) Tj ET Q q 0 0 0 rg BT 369.37 533.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.97 533.10 Td ($250 ) Tj ET Q q 0 0 0 rg BT 411.34 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.24 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 442.61 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 453.32 533.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 501.25 533.10 Td (are ) Tj ET Q q 0 0 0 rg BT 515.84 533.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 521.10 Td (under ) Tj ET Q q 0 0 0 rg BT 110.77 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.49 521.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 149.09 521.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 176.04 521.10 Td (Agreement; ) Tj ET Q q 0 0 0 rg BT 225.74 521.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 509.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 119.43 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 509.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 166.16 509.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 189.53 509.10 Td (on ) Tj ET Q q 0 0 0 rg BT 201.79 509.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 251.25 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 261.84 509.10 Td (other ) Tj ET Q q 0 0 0 rg BT 284.65 509.10 Td (redemptions ) Tj ET Q q 0 0 0 rg BT 336.34 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.94 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.53 509.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 389.23 509.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 443.14 509.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 466.51 509.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.55 509.10 Td ($225 ) Tj ET Q q 0 0 0 rg BT 498.81 509.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.70 509.10 Td (, ) Tj ET Q q 0 0 0 rg BT 532.46 509.10 Td (with ) Tj ET Q q 0 0 0 rg BT 552.50 509.10 Td (up ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 497.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.78 497.10 Td ($148.3 ) Tj ET Q q 0 0 0 rg BT 125.78 497.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.67 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.17 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.00 497.10 Td (this ) Tj ET Q q 0 0 0 rg BT 184.95 497.10 Td (capacity ) Tj ET Q q 0 0 0 rg BT 220.76 497.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 263.80 497.10 Td (available ) Tj ET Q q 0 0 0 rg BT 302.39 497.10 Td (as ) Tj ET Q q 0 0 0 rg BT 313.22 497.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.05 497.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 382.63 497.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.63 497.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 473.10 Td (Additionally) Tj ET Q q 0 0 0 rg BT 117.40 473.10 Td (, ) Tj ET Q q 0 0 0 rg BT 122.02 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 135.80 473.10 Td (are ) Tj ET Q q 0 0 0 rg BT 150.13 473.10 Td (required ) Tj ET Q q 0 0 0 rg BT 185.56 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 195.46 473.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 232.57 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.13 473.10 Td (current ) Tj ET Q q 0 0 0 rg BT 269.56 473.10 Td (ratio, ) Tj ET Q q 0 0 0 rg BT 292.50 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 302.95 473.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 350.05 473.10 Td (under ) Tj ET Q q 0 0 0 rg BT 374.94 473.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.28 473.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 412.50 473.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 439.15 473.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 488.19 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.64 473.10 Td (not ) Tj ET Q q 0 0 0 rg BT 513.54 473.10 Td (less ) Tj ET Q q 0 0 0 rg BT 530.66 473.10 Td (than ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.00 473.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 473.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 461.10 Td (1.0.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (Beginning ) Tj ET Q q 0 0 0 rg BT 112.23 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 123.07 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.34 437.10 Td (first ) Tj ET Q q 0 0 0 rg BT 157.51 437.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 188.89 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.28 437.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 225.84 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.12 437.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 262.51 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.90 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 327.50 437.10 Td (total ) Tj ET Q q 0 0 0 rg BT 348.34 437.10 Td (net ) Tj ET Q q 0 0 0 rg BT 363.62 437.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 383.90 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.74 437.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 448.34 437.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 495.28 437.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 534.44 437.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 437.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (reinstated, ) Tj ET Q q 0 0 0 rg BT 93.83 425.10 Td (utilizing ) Tj ET Q q 0 0 0 rg BT 130.12 425.10 Td (an ) Tj ET Q q 0 0 0 rg BT 142.51 425.10 Td (annualized ) Tj ET Q q 0 0 0 rg BT 188.78 425.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 235.62 425.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 268.58 425.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.19 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 298.37 425.10 Td (first, ) Tj ET Q q 0 0 0 rg BT 319.94 425.10 Td (second, ) Tj ET Q q 0 0 0 rg BT 353.16 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.56 425.10 Td (third ) Tj ET Q q 0 0 0 rg BT 392.40 425.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 427.57 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 438.86 425.10 Td (2018 ) Tj ET Q q 0 0 0 rg BT 461.81 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 479.21 425.10 Td (building ) Tj ET Q q 0 0 0 rg BT 515.50 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 526.24 425.10 Td (a ) Tj ET Q q 0 0 0 rg BT 533.64 425.10 Td (trailing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (four ) Tj ET Q q 0 0 0 rg BT 68.51 413.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 103.06 413.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.41 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.97 413.10 Td (end ) Tj ET Q q 0 0 0 rg BT 146.75 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 157.43 413.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 182.28 413.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.40 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 216.96 413.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 259.86 413.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 300.53 413.10 Td (ratios ) Tj ET Q q 0 0 0 rg BT 325.09 413.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.65 413.10 Td (6.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.15 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 364.50 413.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.62 413.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 389.47 413.10 Td (for ) Tj ET Q q 0 0 0 rg BT 403.48 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.04 413.10 Td (first ) Tj ET Q q 0 0 0 rg BT 436.49 413.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 467.16 413.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 496.72 413.10 Td (March ) Tj ET Q q 0 0 0 rg BT 525.16 413.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 540.01 413.10 Td (2018, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (5.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 64.68 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 75.13 401.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 90.31 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.65 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 119.54 401.10 Td (second ) Tj ET Q q 0 0 0 rg BT 149.99 401.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 180.98 401.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 210.87 401.10 Td (June ) Tj ET Q q 0 0 0 rg BT 231.88 401.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 247.06 401.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 272.24 401.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.35 401.10 Td (5.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.85 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 304.53 401.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.98 401.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 330.16 401.10 Td (for ) Tj ET Q q 0 0 0 rg BT 344.50 401.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.39 401.10 Td (third ) Tj ET Q q 0 0 0 rg BT 380.96 401.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.07 401.10 Td (fourth ) Tj ET Q q 0 0 0 rg BT 425.19 401.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 460.07 401.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 489.97 401.10 Td (September ) Tj ET Q q 0 0 0 rg BT 535.41 401.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 548.08 401.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (December ) Tj ET Q q 0 0 0 rg BT 92.91 389.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 107.74 389.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 132.57 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.33 389.10 Td (returning ) Tj ET Q q 0 0 0 rg BT 188.32 389.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.42 389.10 Td (4.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.92 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.25 389.10 Td (to ) Tj ET Q q 0 0 0 rg BT 228.36 389.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 243.19 389.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.18 389.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.72 389.10 Td (first ) Tj ET Q q 0 0 0 rg BT 290.16 389.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 320.80 389.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 350.35 389.10 Td (March ) Tj ET Q q 0 0 0 rg BT 378.77 389.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 393.60 389.10 Td (2019. ) Tj ET Q q 0 0 0 rg BT 418.43 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.24 389.10 Td (As ) Tj ET Q q 0 0 0 rg BT 433.68 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.34 389.10 Td (December ) Tj ET Q q 0 0 0 rg BT 487.75 389.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 502.58 389.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 527.41 389.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 541.40 389.10 Td (loans ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (under ) Tj ET Q q 0 0 0 rg BT 73.94 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 87.82 377.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 110.60 377.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 136.90 377.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 182.99 377.10 Td (were ) Tj ET Q q 0 0 0 rg BT 204.09 377.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 234.08 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 243.53 377.10 Td (varying ) Tj ET Q q 0 0 0 rg BT 275.74 377.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 296.29 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.29 377.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 337.39 377.10 Td (based ) Tj ET Q q 0 0 0 rg BT 361.83 377.10 Td (on ) Tj ET Q q 0 0 0 rg BT 373.50 377.10 Td (either ) Tj ET Q q 0 0 0 rg BT 397.93 377.10 Td (\(a\)for ) Tj ET Q q 0 0 0 rg BT 424.49 377.10 Td (ABR ) Tj ET Q q 0 0 0 rg BT 446.72 377.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 475.33 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 481.43 377.10 Td (base ) Tj ET Q q 0 0 0 rg BT 500.87 377.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 517.53 377.10 Td (determined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.93 365.10 Td (the ) Tj ET Q q 0 0 0 rg BT 89.81 365.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 113.57 365.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 140.64 365.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 187.73 365.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 205.93 365.10 Td (ABR\) ) Tj ET Q q 0 0 0 rg BT 241.36 365.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 260.69 365.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.79 365.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 316.54 365.10 Td (mar) Tj ET Q q 0 0 0 rg BT 331.91 365.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 347.34 365.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 380.55 365.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 365.10 Td (1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 415.98 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 418.64 365.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.08 365.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.41 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.07 365.10 Td (per ) Tj ET Q q 0 0 0 rg BT 460.50 365.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 492.87 365.10 Td (or ) Tj ET Q q 0 0 0 rg BT 503.86 365.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 518.19 365.10 Td (for ) Tj ET Q q 0 0 0 rg BT 532.51 365.10 Td (LIBOR ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Loans, ) Tj ET Q q 0 0 0 rg BT 79.34 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.45 353.10 Td (LIBOR ) Tj ET Q q 0 0 0 rg BT 127.35 353.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 145.23 353.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 164.80 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.13 353.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 221.12 353.10 Td (mar) Tj ET Q q 0 0 0 rg BT 236.48 353.10 Td (gin ) Tj ET Q q 0 0 0 rg BT 252.16 353.10 Td (ranging ) Tj ET Q q 0 0 0 rg BT 285.60 353.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.94 353.10 Td (2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.27 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 324.16 353.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.84 353.10 Td (3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.17 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 351.07 353.10 Td (per ) Tj ET Q q 0 0 0 rg BT 366.73 353.10 Td (annum ) Tj ET Q q 0 0 0 rg BT 396.85 353.10 Td (\(capitalized ) Tj ET Q q 0 0 0 rg BT 446.38 353.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 471.49 353.10 Td (as ) Tj ET Q q 0 0 0 rg BT 482.72 353.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 515.60 353.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.28 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 541.39 353.10 Td (Bank ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 75.82 341.10 Td (Agreement\) ) Tj ET Q q 0 0 0 rg BT 125.27 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 141.41 341.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 154.77 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.69 341.10 Td (undrawn ) Tj ET Q q 0 0 0 rg BT 205.38 341.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 235.96 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 245.99 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 259.91 341.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 300.47 341.10 Td (lender ) Tj ET Q q 0 0 0 rg BT 327.15 341.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 383.29 341.10 Td (under ) Tj ET Q q 0 0 0 rg BT 407.76 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 421.67 341.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 444.48 341.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 470.80 341.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 516.92 341.10 Td (was ) Tj ET Q q 0 0 0 rg BT 534.17 341.10 Td (subject ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.69 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 66.53 329.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 119.49 329.10 Td (fee ) Tj ET Q q 0 0 0 rg BT 134.10 329.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.84 329.10 Td (0.50%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.67 329.10 Td (. ) Tj ET Q q 0 0 0 rg BT 175.57 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 177.45 329.10 Td (As ) Tj ET Q q 0 0 0 rg BT 190.97 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.71 329.10 Td (December ) Tj ET Q q 0 0 0 rg BT 245.20 329.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 260.11 329.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 285.01 329.10 Td (we ) Tj ET Q q 0 0 0 rg BT 299.08 329.10 Td (were ) Tj ET Q q 0 0 0 rg BT 320.92 329.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.10 329.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 379.60 329.10 Td (with ) Tj ET Q q 0 0 0 rg BT 399.78 329.10 Td (all ) Tj ET Q q 0 0 0 rg BT 412.19 329.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.81 329.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 474.20 329.10 Td (under ) Tj ET Q q 0 0 0 rg BT 499.38 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.00 329.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.52 329.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Agreement. ) Tj ET Q q 0 0 0 rg BT 98.63 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.67 317.10 Td (The ) Tj ET Q q 0 0 0 rg BT 118.42 317.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 157.28 317.10 Td (average ) Tj ET Q q 0 0 0 rg BT 190.56 317.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 222.20 317.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.38 317.10 Td (on ) Tj ET Q q 0 0 0 rg BT 251.59 317.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 299.34 317.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 348.21 317.10 Td (under ) Tj ET Q q 0 0 0 rg BT 373.18 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.60 317.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 410.91 317.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 437.62 317.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 484.25 317.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.00 317.10 Td (3.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.83 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.03 317.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.67 317.10 Td (2.3%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 71.16 305.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 129.74 305.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 152.24 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.18 305.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 194.18 305.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 241.84 305.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 281.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.70 281.10 Td (above ) Tj ET Q q 0 0 0 rg BT 112.23 281.10 Td (description ) Tj ET Q q 0 0 0 rg BT 159.31 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.29 281.10 Td (our ) Tj ET Q q 0 0 0 rg BT 186.27 281.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 210.03 281.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 237.10 281.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 284.17 281.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 321.80 281.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 374.98 281.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 417.61 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 434.70 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.57 281.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 484.43 281.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 522.63 281.10 Td (for ) Tj ET Q q 0 0 0 rg BT 536.94 281.10 Td (within ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.12 269.10 Td (three ) Tj ET Q q 0 0 0 rg BT 86.51 269.10 Td (amendments ) Tj ET Q q 0 0 0 rg BT 139.45 269.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.06 269.10 Td (qualified ) Tj ET Q q 0 0 0 rg BT 192.00 269.10 Td (by ) Tj ET Q q 0 0 0 rg BT 204.41 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.03 269.10 Td (express ) Tj ET Q q 0 0 0 rg BT 251.42 269.10 Td (language ) Tj ET Q q 0 0 0 rg BT 289.92 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.76 269.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 339.14 269.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 363.76 269.10 Td (contained ) Tj ET Q q 0 0 0 rg BT 405.04 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 415.22 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.84 269.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 453.35 269.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 480.21 269.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 529.54 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.16 269.10 Td (First ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 102.38 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.61 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 129.27 257.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 153.83 257.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 181.51 257.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 229.39 257.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 254.49 257.10 Td (May ) Tj ET Q q 0 0 0 rg BT 276.27 257.10 Td (4, ) Tj ET Q q 0 0 0 rg BT 287.22 257.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 313.17 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.83 257.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 360.96 257.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 413.84 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.07 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.73 257.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 465.29 257.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 492.97 257.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 540.85 257.10 Td (dated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (February ) Tj ET Q q 0 0 0 rg BT 88.82 245.10 Td (17, ) Tj ET Q q 0 0 0 rg BT 104.55 245.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 130.27 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 147.94 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 163.15 245.10 Td (Third ) Tj ET Q q 0 0 0 rg BT 187.88 245.10 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 240.54 245.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.54 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.98 245.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 291.31 245.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 318.82 245.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 366.47 245.10 Td (dated ) Tj ET Q q 0 0 0 rg BT 390.64 245.10 Td (April ) Tj ET Q q 0 0 0 rg BT 414.97 245.10 Td (18, ) Tj ET Q q 0 0 0 rg BT 430.70 245.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 456.42 245.10 Td (each ) Tj ET Q q 0 0 0 rg BT 477.96 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.52 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 517.18 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 532.61 245.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 554.17 245.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 83.67 233.10 Td (to ) Tj ET Q q 0 0 0 rg BT 93.94 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 109.77 233.10 Td (periodic ) Tj ET Q q 0 0 0 rg BT 145.04 233.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 175.31 233.10 Td (filed ) Tj ET Q q 0 0 0 rg BT 196.13 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 216.41 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 231.13 233.10 Td (SEC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 72.00 209.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 99.60 209.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.10 209.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 162.95 209.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 189.33 209.10 Td (Exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.79 185.10 Td (May ) Tj ET Q q 0 0 0 rg BT 120.07 185.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 145.53 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 160.14 185.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 192.52 185.10 Td (into ) Tj ET Q q 0 0 0 rg BT 211.03 185.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 249.53 185.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 294.14 185.10 Td (agreements ) Tj ET Q q 0 0 0 rg BT 342.63 185.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.36 185.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 394.07 185.10 Td (a ) Tj ET Q q 0 0 0 rg BT 401.46 185.10 Td (total ) Tj ET Q q 0 0 0 rg BT 422.19 185.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 433.48 185.10 Td ($1,057.8 ) Tj ET Q q 0 0 0 rg BT 471.43 185.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.32 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.28 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 514.57 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 530.85 185.10 Td (existing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 77.41 173.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 132.54 173.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 157.12 173.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.26 173.10 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 203.23 173.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.12 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.60 173.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 274.61 173.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 308.08 173.10 Td (of ) Tj ET Q q 0 0 0 rg BT 319.89 173.10 Td (our ) Tj ET Q q 0 0 0 rg BT 336.69 173.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 360.17 173.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 389.75 173.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 425.43 173.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 452.23 173.10 Td (plus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.38 173.10 Td (40.7 ) Tj ET Q q 0 0 0 rg BT 493.35 173.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.24 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.72 173.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 554.18 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 86.56 161.10 Td (common ) Tj ET Q q 0 0 0 rg BT 123.62 161.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 149.30 161.10 Td (resulting ) Tj ET Q q 0 0 0 rg BT 186.36 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 196.21 161.10 Td (a ) Tj ET Q q 0 0 0 rg BT 202.71 161.10 Td (net ) Tj ET Q q 0 0 0 rg BT 217.00 161.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 256.83 161.10 Td (from ) Tj ET Q q 0 0 0 rg BT 278.34 161.10 Td (these ) Tj ET Q q 0 0 0 rg BT 300.95 161.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 344.66 161.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 355.06 161.10 Td ($442.9 ) Tj ET Q q 0 0 0 rg BT 384.63 161.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 413.52 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 415.59 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.44 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 440.83 161.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 460.12 161.10 Td (principal. ) Tj ET Q q 0 0 0 rg BT 500.23 161.10 Td ( ) Tj ET Q q 0 0 0 rg BT 502.15 161.10 Td (The ) Tj ET Q q 0 0 0 rg BT 519.76 161.10 Td (exchanged ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 73.05 149.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 112.72 149.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.49 149.10 Td ($175.1 ) Tj ET Q q 0 0 0 rg BT 153.44 149.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.33 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 184.77 149.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 222.76 149.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 255.20 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.98 149.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET /GS0 gs q 20.83 0 0 10.09 281.75 146.94 cm /I27 Do Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.58 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 305.03 149.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 333.58 149.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 389.35 149.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 415.13 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 432.01 149.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 454.46 149.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 472.45 149.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 499.33 149.10 Td (Notes\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.38 149.10 Td ($41) Tj ET Q q 0 0 0 rg BT 550.00 149.10 Td (1.0 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 137.10 Td ( ) Tj ET Q q 0 0 0 rg BT 80.00 137.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 117.15 137.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 148.75 137.10 Td (of ) Tj ET Q q 0 0 0 rg BT 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Q q 0 0 0 rg BT 128.10 125.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 183.92 125.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 209.75 125.10 Td (due ) Tj ET Q q 0 0 0 rg BT 226.69 125.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 249.19 125.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 267.24 125.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 294.18 125.10 Td (Notes\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 101.10 Td (In ) Tj ET Q q 0 0 0 rg BT 79.34 101.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 127.82 101.10 Td (with ) Tj ET Q q 0 0 0 rg BT 149.11 101.10 Td (F) Tj ET Q q 0 0 0 rg BT 153.93 101.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 176.89 101.10 Td (470-60, ) Tj ET Q q 0 0 0 rg BT 211.24 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.97 101.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 272.13 101.10 Td (were ) Tj ET Q q 0 0 0 rg BT 295.07 101.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 339.11 101.10 Td (for ) Tj ET Q q 0 0 0 rg BT 354.29 101.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.13 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 374.08 101.10 Td (troubled ) Tj ET Q q 0 0 0 rg BT 410.92 101.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 431.65 101.10 Td (restructuring ) Tj ET Q q 0 0 0 rg BT 486.26 101.10 Td (due ) Tj ET Q q 0 0 0 rg BT 504.21 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 515.50 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 531.23 101.10 Td (level ) Tj ET Q q 0 0 0 rg BT 554.18 101.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (concession ) Tj ET Q q 0 0 0 rg BT 95.96 89.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 134.09 89.10 Td (by ) Tj ET Q q 0 0 0 rg BT 146.67 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 162.58 89.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 189.60 89.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 243.84 89.10 Td (note ) Tj ET Q q 0 0 0 rg BT 263.64 89.10 Td (holders. ) Tj ET Q q 0 0 0 rg BT 298.16 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.74 89.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 328.31 89.10 Td (this ) Tj ET Q q 0 0 0 rg BT 345.34 89.10 Td (guidance, ) Tj ET Q q 0 0 0 rg BT 386.52 89.10 Td (future ) Tj ET Q q 0 0 0 rg BT 412.98 89.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 444.99 89.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 488.67 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.03 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.82 89.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.41 89.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 84.50 77.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 110.62 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 120.09 77.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 157.85 77.10 Td (as ) Tj ET Q q 0 0 0 rg BT 168.98 77.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 188.99 77.10 Td (up ) Tj ET Q q 0 0 0 rg BT 201.78 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.35 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.36 77.10 Td (point ) Tj ET Q q 0 0 0 rg BT 250.71 77.10 Td (that ) Tj ET Q q 0 0 0 rg BT 268.50 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.51 77.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 321.84 77.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.08 77.10 Td (future ) Tj ET Q q 0 0 0 rg BT 365.75 77.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 397.97 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.09 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.10 77.10 Td (new ) Tj ET Q q 0 0 0 rg BT 443.56 77.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 467.46 77.10 Td (is ) Tj ET Q q 0 0 0 rg BT 476.92 77.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 501.37 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.94 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.95 77.10 Td (principal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.10 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.03 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.84 65.10 Td (extinguished ) Tj ET Q q 0 0 0 rg BT 161.55 65.10 Td (notes, ) Tj ET Q q 0 0 0 rg BT 187.75 65.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 213.67 65.10 Td (than ) Tj ET Q q 0 0 0 rg BT 233.49 65.10 Td (recognizing ) Tj ET Q q 0 0 0 rg BT 283.29 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 290.33 65.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 310.14 65.10 Td (on ) Tj ET Q q 0 0 0 rg BT 322.74 65.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 387.00 65.10 Td (for ) Tj ET Q q 0 0 0 rg BT 401.27 65.10 Td (this ) Tj ET Q q 0 0 0 rg BT 418.31 65.10 Td (amount. ) Tj ET Q q 0 0 0 rg BT 453.41 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 455.44 65.10 Td (As ) Tj ET Q q 0 0 0 rg BT 469.15 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 476.19 65.10 Td (result, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 503.50 65.10 Td ($254.7 ) Tj ET Q q 0 0 0 rg BT 533.60 65.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 562.50 65.10 Td ( ) Tj ET Q endstream endobj 167 0 obj <> endobj 168 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (83) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.14 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 86.33 713.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 118.07 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 130.38 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 144.91 713.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 167.22 713.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 195.64 713.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 230.16 713.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 255.80 713.10 Td (was ) Tj ET Q q 0 0 0 rg BT 273.67 713.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 310.95 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.59 713.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 343.62 713.10 Td (which ) Tj ET Q q 0 0 0 rg BT 370.37 713.10 Td (will ) Tj ET Q q 0 0 0 rg BT 388.24 713.10 Td (be ) Tj ET Q q 0 0 0 rg BT 399.99 713.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 433.94 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.58 713.10 Td (semiannual ) Tj ET Q q 0 0 0 rg BT 492.44 713.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 524.18 713.10 Td (payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.62 701.10 Td (made, ) Tj ET Q q 0 0 0 rg BT 91.70 701.10 Td (with ) Tj ET Q q 0 0 0 rg BT 112.39 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.52 701.10 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.98 701.10 Td ($22.8 ) Tj ET Q q 0 0 0 rg BT 196.40 701.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 225.29 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.21 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 239.45 701.10 Td (future ) Tj ET Q q 0 0 0 rg BT 266.25 701.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 298.60 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 309.29 701.10 Td (be ) Tj ET Q q 0 0 0 rg BT 321.65 701.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 368.43 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.67 701.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 412.02 701.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 447.15 701.10 Td (over ) Tj ET Q q 0 0 0 rg BT 467.83 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 482.96 701.10 Td (term ) Tj ET Q q 0 0 0 rg BT 504.21 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 515.45 701.10 Td (these ) Tj ET Q q 0 0 0 rg BT 538.92 701.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 565.02 701.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (Therefore, ) Tj ET Q q 0 0 0 rg BT 93.84 689.10 Td (future ) Tj ET Q q 0 0 0 rg BT 120.14 689.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 152.00 689.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 186.63 689.10 Td (reflected ) Tj ET Q q 0 0 0 rg BT 224.02 689.10 Td (in ) Tj ET Q q 0 0 0 rg BT 234.23 689.10 Td (our ) Tj ET Q q 0 0 0 rg BT 249.98 689.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 305.18 689.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 351.48 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.24 689.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 408.54 689.10 Td (on ) Tj ET Q q 0 0 0 rg BT 420.96 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.61 689.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 458.03 689.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 486.56 689.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 521.19 689.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 546.95 689.10 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.17 677.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 113.38 677.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 138.38 677.10 Td (than ) Tj ET Q q 0 0 0 rg BT 157.82 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 172.26 677.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 198.36 677.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 218.36 677.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 250.02 677.10 Td (payments. ) Tj ET Q q 0 0 0 rg BT 293.07 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.30 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 305.85 677.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 343.35 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 357.24 677.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 403.33 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 409.99 677.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 429.44 677.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 439.99 677.10 Td ($12.0 ) Tj ET Q q 0 0 0 rg BT 464.72 677.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.61 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 495.84 677.10 Td (as ) Tj ET Q q 0 0 0 rg BT 506.39 677.10 Td (a ) Tj ET Q q 0 0 0 rg BT 513.06 677.10 Td (result ) Tj ET Q q 0 0 0 rg BT 537.50 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.06 677.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 70.40 665.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 111.83 665.10 Td (during ) Tj ET Q q 0 0 0 rg BT 141.61 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.51 665.10 Td (year ) Tj ET Q q 0 0 0 rg BT 178.39 665.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.95 665.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 265.71 665.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.71 665.10 Td (, ) Tj ET Q q 0 0 0 rg BT 291.89 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 320.01 665.10 Td (is ) Tj ET Q q 0 0 0 rg BT 330.35 665.10 Td (included ) Tj ET Q q 0 0 0 rg BT 368.47 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 379.92 665.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 406.93 665.10 Td (\(gain\) ) Tj ET Q q 0 0 0 rg BT 434.49 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 448.16 665.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 469.06 665.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 538.84 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 665.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (accompanying ) Tj ET Q q 0 0 0 rg BT 110.31 653.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 165.58 653.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 211.97 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.80 653.10 Td (Operations.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (9% ) Tj ET Q q 0 0 0 rg BT 67.00 629.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 94.60 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.10 629.10 Td (Secur) Tj ET Q q 0 0 0 rg BT 121.36 629.10 Td (ed ) Tj ET Q q 0 0 0 rg BT 133.86 629.10 Td (Second ) Tj ET Q q 0 0 0 rg BT 166.92 629.10 Td (Lien ) Tj ET Q q 0 0 0 rg BT 188.87 629.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 215.25 629.10 Td (due ) Tj ET Q q 0 0 0 rg BT 233.31 629.10 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 605.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.32 605.10 Td (May ) Tj ET Q q 0 0 0 rg BT 99.13 605.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 124.12 605.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.26 605.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 165.75 605.10 Td ($614.9 ) Tj ET Q q 0 0 0 rg BT 195.73 605.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.62 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 227.11 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.92 605.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 260.41 605.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 289.00 605.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 323.70 605.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 354.33 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 372.36 605.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 394.85 605.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 423.44 605.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 458.14 605.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 486.45 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 513.38 605.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 533.07 605.10 Td (interest ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 59.02 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 65.76 593.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 83.05 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.69 593.10 Td (9% ) Tj ET Q q 0 0 0 rg BT 109.32 593.10 Td (per ) Tj ET Q q 0 0 0 rg BT 124.39 593.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 156.41 593.10 Td (were ) Tj ET Q q 0 0 0 rg BT 178.14 593.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 205.45 593.10 Td (at ) Tj ET Q q 0 0 0 rg BT 214.97 593.10 Td (par ) Tj ET Q q 0 0 0 rg BT 230.04 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 240.12 593.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 286.30 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.38 593.10 Td (privately ) Tj ET Q q 0 0 0 rg BT 344.23 593.10 Td (negotiated ) Tj ET Q q 0 0 0 rg BT 388.18 593.10 Td (exchanges ) Tj ET Q q 0 0 0 rg BT 432.13 593.10 Td (with ) Tj ET Q q 0 0 0 rg BT 452.21 593.10 Td (a ) Tj ET Q q 0 0 0 rg BT 458.95 593.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 489.59 593.10 Td (number ) Tj ET Q q 0 0 0 rg BT 522.44 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.07 593.10 Td (holders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 59.67 581.10 Td ($1,057.8 ) Tj ET Q q 0 0 0 rg BT 96.51 581.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.40 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.24 581.10 Td (ofexisting ) Tj ET Q q 0 0 0 rg BT 171.58 581.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 197.85 581.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 251.35 581.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 274.30 581.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 292.24 581.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 314.08 581.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 342.02 581.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 365.54 581.10 Td (dinated ) Tj ET Q q 0 0 0 rg BT 397.38 581.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 422.00 581.10 Td (Exchange ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.26 581.10 Td (above\). ) Tj ET Q q 0 0 0 rg BT 497.18 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 514.56 581.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.40 581.10 Td (Senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 83.78 569.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 109.18 569.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 139.01 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 151.08 569.10 Td (May ) Tj ET Q q 0 0 0 rg BT 171.48 569.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 186.05 569.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 210.62 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 227.12 569.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 258.63 569.10 Td (is ) Tj ET Q q 0 0 0 rg BT 267.37 569.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 300.53 569.10 Td (semiannually ) Tj ET Q q 0 0 0 rg BT 355.92 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 365.77 569.10 Td (arrears ) Tj ET Q q 0 0 0 rg BT 395.03 569.10 Td (on ) Tj ET Q q 0 0 0 rg BT 407.10 569.10 Td (May ) Tj ET Q q 0 0 0 rg BT 427.50 569.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 439.57 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 456.08 569.10 Td (November ) Tj ET Q q 0 0 0 rg BT 500.36 569.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 512.42 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 522.82 569.10 Td (each ) Tj ET Q q 0 0 0 rg BT 543.21 569.10 Td (year) Tj ET Q q 0 0 0 rg BT 560.02 569.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 91.09 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.46 557.10 Td (November ) Tj ET Q q 0 0 0 rg BT 144.27 557.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 170.75 557.10 Td (W) Tj ET Q q 0 0 0 rg BT 179.39 557.10 Td (e ) Tj ET Q q 0 0 0 rg BT 185.42 557.10 Td (may ) Tj ET Q q 0 0 0 rg BT 204.23 557.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 235.25 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 249.06 557.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 270.66 557.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 298.36 557.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 332.17 557.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 357.09 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.47 557.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 392.50 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 402.43 557.10 Td (in ) Tj ET Q q 0 0 0 rg BT 411.80 557.10 Td (part ) Tj ET Q q 0 0 0 rg BT 428.94 557.10 Td (at ) Tj ET Q q 0 0 0 rg BT 437.76 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 452.68 557.10 Td (option ) Tj ET Q q 0 0 0 rg BT 479.83 557.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 521.42 557.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 64.26 545.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 89.02 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 98.50 545.10 Td (a ) Tj ET Q q 0 0 0 rg BT 105.20 545.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 153.00 545.10 Td (price ) Tj ET Q q 0 0 0 rg BT 175.25 545.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.84 545.10 Td (109%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.17 545.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.43 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 222.02 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.50 545.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 274.30 545.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 309.06 545.10 Td (and ) Tj ET Q q 0 0 0 rg BT 325.75 545.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.23 545.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 374.71 545.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 422.51 545.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 448.65 545.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 486.55 545.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.31 545.10 Td (as ) Tj ET Q q 0 0 0 rg BT 501.90 545.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 540.25 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 545.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (indenture ) Tj ET Q q 0 0 0 rg BT 89.45 533.10 Td (governing ) Tj ET Q q 0 0 0 rg BT 132.18 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.58 533.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 168.76 533.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 197.06 533.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 231.45 533.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 256.96 533.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 274.69 533.10 Td (Indenture\). ) Tj ET Q q 0 0 0 rg BT 332.40 533.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 354.58 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 364.55 533.10 Td (December ) Tj ET Q q 0 0 0 rg BT 407.81 533.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 422.50 533.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 447.18 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 461.03 533.10 Td (may ) Tj ET Q q 0 0 0 rg BT 480.43 533.10 Td (at ) Tj ET Q q 0 0 0 rg BT 489.83 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 505.34 533.10 Td (option ) Tj ET Q q 0 0 0 rg BT 533.08 533.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (up ) Tj ET Q q 0 0 0 rg BT 61.98 521.10 Td (to ) Tj ET Q q 0 0 0 rg BT 72.24 521.10 Td (an ) Tj ET Q q 0 0 0 rg BT 84.17 521.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 125.51 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.32 521.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 154.65 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 157.14 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 167.95 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 182.65 521.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 220.67 521.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 253.15 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.97 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.67 521.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 301.15 521.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 329.74 521.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 364.43 521.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.24 521.10 Td (at ) Tj ET Q q 0 0 0 rg BT 399.94 521.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.86 521.10 Td (price ) Tj ET Q q 0 0 0 rg BT 429.33 521.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 440.14 521.10 Td (109%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.47 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 465.96 521.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.77 521.10 Td (par ) Tj ET Q q 0 0 0 rg BT 492.02 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.28 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.98 521.10 Td (proceeds ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.36 509.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 90.09 509.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 117.61 509.10 Td (of) Tj ET Q q 0 0 0 rg BT 125.76 509.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 161.05 509.10 Td (In ) Tj ET Q q 0 0 0 rg BT 171.91 509.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 209.71 509.10 Td (at ) Tj ET Q q 0 0 0 rg BT 219.45 509.10 Td (any ) Tj ET Q q 0 0 0 rg BT 236.42 509.10 Td (time ) Tj ET Q q 0 0 0 rg BT 256.72 509.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 278.68 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 288.99 509.10 Td (December ) Tj ET Q q 0 0 0 rg BT 332.60 509.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 347.63 509.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 372.65 509.10 Td (we ) Tj ET Q q 0 0 0 rg BT 386.84 509.10 Td (may ) Tj ET Q q 0 0 0 rg BT 406.58 509.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 438.54 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 453.28 509.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 475.81 509.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 504.44 509.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 539.18 509.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.19 497.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 85.54 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.79 497.10 Td (in ) Tj ET Q q 0 0 0 rg BT 105.48 497.10 Td (part ) Tj ET Q q 0 0 0 rg BT 122.94 497.10 Td (at ) Tj ET Q q 0 0 0 rg BT 132.07 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 138.43 497.10 Td (price ) Tj ET Q q 0 0 0 rg BT 160.33 497.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 183.89 497.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.59 497.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.92 497.10 Td ( ) Tj ET Q q 0 0 0 rg BT 218.83 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.08 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.21 497.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 280.66 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 312.57 497.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 331.16 497.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.51 497.10 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 397.72 497.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 435.74 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.09 497.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 485.09 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 501.44 497.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 530.57 497.10 Td (interest. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.55 485.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 90.05 485.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 118.66 485.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 153.36 485.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 179.19 485.10 Td (are ) Tj ET Q q 0 0 0 rg BT 193.90 485.10 Td (not ) Tj ET Q q 0 0 0 rg BT 209.18 485.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 240.00 485.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.28 485.10 Td (any ) Tj ET Q q 0 0 0 rg BT 267.22 485.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 299.17 485.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 320.00 485.10 Td (requirements.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.62 461.10 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 126.50 461.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 162.40 461.10 Td (customary ) Tj ET Q q 0 0 0 rg BT 206.63 461.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 249.18 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 266.75 461.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 297.08 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 312.98 461.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 341.11 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 358.12 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.90 461.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 401.03 461.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.93 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.83 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 467.60 461.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 517.39 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 527.74 461.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 541.97 461.10 Td (incur ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 91.34 449.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 113.19 449.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 126.70 449.10 Td (make ) Tj ET Q q 0 0 0 rg BT 150.21 449.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 202.62 449.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 216.13 449.10 Td (create ) Tj ET Q q 0 0 0 rg BT 241.85 449.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 262.59 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 274.44 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 289.62 449.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 314.81 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 324.99 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.06 449.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 364.24 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 374.42 449.10 Td (our ) Tj ET Q q 0 0 0 rg BT 389.61 449.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 428.66 449.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 480.51 449.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 494.02 449.10 Td (create ) Tj ET Q q 0 0 0 rg BT 519.74 449.10 Td (limitations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.32 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 77.36 437.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 105.74 437.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.89 437.10 Td (our ) Tj ET Q q 0 0 0 rg BT 133.05 437.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 173.07 437.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 223.11 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 233.72 437.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 250.98 437.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 292.69 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 303.84 437.10 Td (make ) Tj ET Q q 0 0 0 rg BT 328.32 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 351.69 437.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 392.84 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 403.44 437.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 423.49 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 434.64 437.10 Td (other ) Tj ET Q q 0 0 0 rg BT 458.01 437.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 498.04 437.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 550.86 437.10 Td (\(5\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 80.70 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 91.36 425.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 142.01 425.10 Td (with ) Tj ET Q q 0 0 0 rg BT 162.67 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 178.89 425.10 Td (af) Tj ET Q q 0 0 0 rg BT 186.48 425.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 219.35 425.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 233.90 425.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 267.32 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 278.53 425.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 295.31 425.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 321.52 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 332.74 425.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 376.73 425.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 403.50 425.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 418.04 425.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 468.97 425.10 Td (mer) Tj ET Q q 0 0 0 rg BT 484.34 425.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 496.66 425.10 Td (or ) Tj ET Q q 0 0 0 rg BT 507.88 425.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 541.30 425.10 Td (all ) Tj ET Q q 0 0 0 rg BT 554.18 425.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 101.97 413.10 Td (all ) Tj ET Q q 0 0 0 rg BT 113.88 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 124.13 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 139.38 413.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 164.63 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.99 413.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.13 413.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 220.37 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.62 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 245.87 413.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 284.99 413.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 336.91 413.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.26 413.10 Td (\(8\)make ) Tj ET Q q 0 0 0 rg BT 391.00 413.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 430.12 413.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 470.36 413.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 500.05 413.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 535.30 413.10 Td (paying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 401.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 90.65 401.10 Td (on ) Tj ET Q q 0 0 0 rg BT 102.90 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 118.49 401.10 Td (common ) Tj ET Q q 0 0 0 rg BT 155.75 401.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 179.11 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 189.70 401.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 236.66 401.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 290.56 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.15 401.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 332.84 401.10 Td (such ) Tj ET Q q 0 0 0 rg BT 353.43 401.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 376.80 401.10 Td (or ) Tj ET Q q 0 0 0 rg BT 387.39 401.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 441.30 401.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 460.78 401.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 504.14 401.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 538.06 401.10 Td (senior ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 103.68 389.10 Td (notes\)\), ) Tj ET Q q 0 0 0 rg BT 136.47 389.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 174.54 389.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.05 389.10 Td (in ) Tj ET Q q 0 0 0 rg BT 202.35 389.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 232.08 389.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 291.24 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 305.42 389.10 Td (may ) Tj ET Q q 0 0 0 rg BT 325.16 389.10 Td (make ) Tj ET Q q 0 0 0 rg BT 349.34 389.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 390.19 389.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 429.92 389.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 470.76 389.10 Td (so ) Tj ET Q q 0 0 0 rg BT 482.18 389.10 Td (long ) Tj ET Q q 0 0 0 rg BT 502.48 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 513.33 389.10 Td (we ) Tj ET Q q 0 0 0 rg BT 527.51 389.10 Td (maintain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 56.74 377.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 77.87 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 89.01 377.10 Td (total ) Tj ET Q q 0 0 0 rg BT 109.59 377.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 129.61 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 140.19 377.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 176.30 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.11 377.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 193.57 377.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 226.36 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 236.95 377.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.97 377.10 Td (Indenture\) ) Tj ET Q q 0 0 0 rg BT 296.42 377.10 Td (not ) Tj ET Q q 0 0 0 rg BT 312.00 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 322.59 377.10 Td (exceed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.84 377.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 365.34 377.10 Td (to1.0\(both ) Tj ET Q q 0 0 0 rg BT 417.03 377.10 Td (before ) Tj ET Q q 0 0 0 rg BT 445.37 377.10 Td (and ) Tj ET Q q 0 0 0 rg BT 462.62 377.10 Td (after ) Tj ET Q q 0 0 0 rg BT 483.74 377.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 512.10 377.10 Td (ef) Tj ET Q q 0 0 0 rg BT 519.69 377.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 537.48 377.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.06 377.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.20 365.10 Td (payment\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 341.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 341.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 108.10 341.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 136.73 341.10 Td (Secured ) Tj ET Q q 0 0 0 rg BT 171.46 341.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 197.31 341.10 Td (are ) Tj ET Q q 0 0 0 rg BT 212.05 341.10 Td (guaranteed ) Tj ET Q q 0 0 0 rg BT 258.43 341.10 Td (jointly ) Tj ET Q q 0 0 0 rg BT 287.07 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 304.03 341.10 Td (severally ) Tj ET Q q 0 0 0 rg BT 342.65 341.10 Td (by ) Tj ET Q q 0 0 0 rg BT 355.18 341.10 Td (our ) Tj ET Q q 0 0 0 rg BT 371.03 341.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 420.77 341.10 Td (representing ) Tj ET Q q 0 0 0 rg BT 472.72 341.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 525.80 341.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.32 341.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.17 341.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 77.39 329.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 121.11 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.61 329.10 Td (income ) Tj ET Q q 0 0 0 rg BT 169.10 329.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.60 329.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.87 329.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 232.46 329.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.52 329.10 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 307.68 329.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 328.63 329.10 Td (on ) Tj ET Q q 0 0 0 rg BT 340.69 329.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 393.30 329.10 Td (all ) Tj ET Q q 0 0 0 rg BT 405.35 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 415.75 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.02 329.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 455.41 329.10 Td (that ) Tj ET Q q 0 0 0 rg BT 472.47 329.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 500.07 329.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.34 329.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 537.51 329.10 Td (Credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 99.32 317.10 Td (which ) Tj ET Q q 0 0 0 rg BT 126.65 317.10 Td (second-priority ) Tj ET Q q 0 0 0 rg BT 190.64 317.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 212.42 317.10 Td (are ) Tj ET Q q 0 0 0 rg BT 227.52 317.10 Td (contractually ) Tj ET Q q 0 0 0 rg BT 282.61 317.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 337.16 317.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.84 317.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 369.62 317.10 Td (that ) Tj ET Q q 0 0 0 rg BT 387.51 317.10 Td (secure ) Tj ET Q q 0 0 0 rg BT 415.94 317.10 Td (our ) Tj ET Q q 0 0 0 rg BT 432.16 317.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 456.17 317.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 483.42 317.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 530.74 317.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.07 317.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.88 305.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 118.37 305.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 150.86 305.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 168.36 305.10 Td (debt.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 77.10 281.10 Td ( ) Tj ET Q q 0 0 0 rg BT 79.60 281.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 140.45 281.10 Td (Notes) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 25.40 0 0 9.93 67.50 254.94 cm /I29 Do Q q 0 0 0 rg BT 92.90 257.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.49 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.39 257.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 184.64 257.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 211.42 257.10 Td (due ) Tj ET Q q 0 0 0 rg BT 229.88 257.10 Td (2021) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 249.88 257.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.38 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 255.28 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 258.17 257.10 Td (In ) Tj ET Q q 0 0 0 rg BT 269.40 257.10 Td (February ) Tj ET Q q 0 0 0 rg BT 308.40 257.10 Td (201) Tj ET Q q 0 0 0 rg BT 323.03 257.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 333.42 257.10 Td (we ) Tj ET Q q 0 0 0 rg BT 347.98 257.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.88 257.10 Td ($400 ) Tj ET Q q 0 0 0 rg BT 398.77 257.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 427.67 257.10 Td ( ) Tj ET Q q 0 0 0 rg BT 430.56 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.79 257.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 464.69 257.10 Td (Notes.) Tj ET Q q 0 0 0 rg BT 495.34 257.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.78 257.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 536.68 257.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.56 245.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 96.38 245.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 128.43 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 138.26 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.32 245.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 162.92 245.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.87 245.10 Td (6.375%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.70 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.32 245.10 Td (per ) Tj ET Q q 0 0 0 rg BT 222.70 245.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 255.04 245.10 Td (were ) Tj ET Q q 0 0 0 rg BT 277.08 245.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 296.37 245.10 Td (at ) Tj ET Q q 0 0 0 rg BT 306.20 245.10 Td (par) Tj ET Q q 0 0 0 rg BT 318.42 245.10 Td (. ) Tj ET Q q 0 0 0 rg BT 323.54 245.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.97 245.10 Td (The ) Tj ET Q q 0 0 0 rg BT 344.13 245.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 366.75 245.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 392.69 245.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 423.08 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 435.12 245.10 Td (August15, ) Tj ET Q q 0 0 0 rg BT 481.62 245.10 Td (2021, ) Tj ET Q q 0 0 0 rg BT 506.74 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.80 245.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 555.85 245.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.08 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 95.57 233.10 Td (February ) Tj ET Q q 0 0 0 rg BT 134.15 233.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 146.64 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.02 233.10 Td (August ) Tj ET Q q 0 0 0 rg BT 194.39 233.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 206.88 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.70 233.10 Td (each ) Tj ET Q q 0 0 0 rg BT 238.50 233.10 Td (year) Tj ET Q q 0 0 0 rg BT 255.16 233.10 Td (.) Tj ET Q q 0 0 0 rg BT 262.48 233.10 Td (W) Tj ET Q q 0 0 0 rg BT 271.11 233.10 Td (e ) Tj ET Q q 0 0 0 rg BT 278.04 233.10 Td (may ) Tj ET Q q 0 0 0 rg BT 297.74 233.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 329.65 233.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.36 233.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 366.84 233.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 392.66 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 402.92 233.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 429.85 233.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.67 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 450.93 233.10 Td (part ) Tj ET Q q 0 0 0 rg BT 468.97 233.10 Td (at ) Tj ET Q q 0 0 0 rg BT 478.67 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 494.49 233.10 Td (option ) Tj ET Q q 0 0 0 rg BT 522.53 233.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (August ) Tj ET Q q 0 0 0 rg BT 81.40 221.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 96.91 221.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 122.42 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 132.65 221.10 Td (a ) Tj ET Q q 0 0 0 rg BT 140.09 221.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 188.64 221.10 Td (price ) Tj ET Q q 0 0 0 rg BT 211.64 221.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.98 221.10 Td (103.188%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.81 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 266.82 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.16 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.38 221.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 331.93 221.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 367.44 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.89 221.10 Td (at ) Tj ET Q q 0 0 0 rg BT 395.11 221.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 435.33 221.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 483.89 221.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 510.77 221.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 548.67 221.10 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 221.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.09 209.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.37 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.09 209.10 Td (indenture.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (5% ) Tj ET Q q 0 0 0 rg BT 92.29 185.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 119.89 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 122.18 185.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 182.82 185.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 208.99 185.10 Td (due ) Tj ET Q q 0 0 0 rg BT 226.85 185.10 Td (2022. ) Tj ET Q q 0 0 0 rg BT 251.64 185.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.93 185.10 Td (In ) Tj ET Q q 0 0 0 rg BT 264.04 185.10 Td (April ) Tj ET Q q 0 0 0 rg BT 287.44 185.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 312.23 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 326.18 185.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.47 185.10 Td ($1.25 ) Tj ET Q q 0 0 0 rg BT 378.26 185.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.37 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 406.66 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 417.28 185.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 439.57 185.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 467.69 185.10 Td ( ) Tj ET Q q 0 0 0 rg BT 469.82 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 487.65 185.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 509.94 185.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 538.06 185.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 69.40 173.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 101.52 173.10 Td (at ) Tj ET Q q 0 0 0 rg BT 111.43 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 118.56 173.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 136.23 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.25 173.10 Td (5.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 168.08 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 170.77 173.10 Td (per ) Tj ET Q q 0 0 0 rg BT 186.23 173.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 218.64 173.10 Td (were ) Tj ET Q q 0 0 0 rg BT 240.76 173.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 260.12 173.10 Td (at ) Tj ET Q q 0 0 0 rg BT 270.03 173.10 Td (par) Tj ET Q q 0 0 0 rg BT 282.24 173.10 Td (. ) Tj ET Q q 0 0 0 rg BT 287.43 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 289.93 173.10 Td (The ) Tj ET Q q 0 0 0 rg BT 308.17 173.10 Td (net ) Tj ET Q q 0 0 0 rg BT 323.08 173.10 Td (proceeds, ) Tj ET Q q 0 0 0 rg BT 363.80 173.10 Td (after ) Tj ET Q q 0 0 0 rg BT 384.81 173.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 421.38 173.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 446.57 173.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.59 173.10 Td ($1.23 ) Tj ET Q q 0 0 0 rg BT 482.78 173.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 508.89 173.10 Td ( ) Tj ET Q q 0 0 0 rg BT 511.58 173.10 Td (were ) Tj ET Q q 0 0 0 rg BT 533.70 173.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.72 173.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 95.23 161.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.99 161.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 137.84 161.10 Td (our ) Tj ET Q q 0 0 0 rg BT 153.60 161.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 202.69 161.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 225.95 161.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 254.48 161.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 310.23 161.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 335.99 161.10 Td (due ) Tj ET Q q 0 0 0 rg BT 352.85 161.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 375.28 161.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 393.25 161.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 420.12 161.10 Td (Notes\), ) Tj ET Q q 0 0 0 rg BT 456.15 161.10 Td (which ) Tj ET Q q 0 0 0 rg BT 483.01 161.10 Td (were ) Tj ET Q q 0 0 0 rg BT 504.87 161.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 532.29 161.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.50 161.10 Td (2010 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 149.10 Td (\(see ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 69.34 149.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 93.08 149.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 117.15 149.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 143.66 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.40 149.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 213.90 149.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.42 149.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 249.99 149.10 Td (Senior ) Tj ET Q q 0 0 0 rg BT 279.84 149.10 Td (Subor) Tj ET Q q 0 0 0 rg BT 303.36 149.10 Td (dinated ) Tj ET Q q 0 0 0 rg BT 337.09 149.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 363.61 149.10 Td (due ) Tj ET Q q 0 0 0 rg BT 381.79 149.10 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.79 149.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.53 149.10 Td (below\), ) Tj ET Q q 0 0 0 rg BT 439.54 149.10 Td (and ) Tj ET Q q 0 0 0 rg BT 457.72 149.10 Td (to ) Tj ET Q q 0 0 0 rg BT 469.24 149.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 487.42 149.10 Td (down ) Tj ET Q q 0 0 0 rg BT 513.38 149.10 Td (a ) Tj ET Q q 0 0 0 rg BT 521.56 149.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 554.18 149.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 98.67 137.10 Td (borrowings ) Tj ET Q q 0 0 0 rg BT 146.72 137.10 Td (under ) Tj ET Q q 0 0 0 rg BT 171.99 137.10 Td (our ) Tj ET Q q 0 0 0 rg BT 187.82 137.10 Td (previous ) Tj ET Q q 0 0 0 rg BT 224.75 137.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 248.36 137.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 275.31 137.10 Td (Agreement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.27 113.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 107.49 113.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 133.05 113.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 163.03 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 175.26 113.10 Td (May1, ) Tj ET Q q 0 0 0 rg BT 205.81 113.10 Td (2022, ) Tj ET Q q 0 0 0 rg BT 230.53 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 247.19 113.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 278.85 113.10 Td (is ) Tj ET Q q 0 0 0 rg BT 287.74 113.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 321.06 113.10 Td (on ) Tj ET Q q 0 0 0 rg BT 333.28 113.10 Td (May ) Tj ET Q q 0 0 0 rg BT 353.84 113.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 361.06 113.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.72 113.10 Td (November ) Tj ET Q q 0 0 0 rg BT 422.15 113.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 429.38 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.93 113.10 Td (each ) Tj ET Q q 0 0 0 rg BT 460.47 113.10 Td (year) Tj ET Q q 0 0 0 rg BT 477.12 113.10 Td (. ) Tj ET Q q 0 0 0 rg BT 481.85 113.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.91 113.10 Td (W) Tj ET Q q 0 0 0 rg BT 492.55 113.10 Td (e ) Tj ET Q q 0 0 0 rg BT 499.21 113.10 Td (may ) Tj ET Q q 0 0 0 rg BT 518.65 113.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 550.29 113.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 71.96 101.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 97.74 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 107.97 101.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 134.87 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.65 101.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.89 101.10 Td (part ) Tj ET Q q 0 0 0 rg BT 173.89 101.10 Td (at ) Tj ET Q q 0 0 0 rg BT 183.56 101.10 Td (our ) Tj ET Q q 0 0 0 rg BT 199.34 101.10 Td (option ) Tj ET Q q 0 0 0 rg BT 227.36 101.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 269.81 101.10 Td (May ) Tj ET Q q 0 0 0 rg BT 290.59 101.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 300.55 101.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 325.50 101.10 Td (at ) Tj ET Q q 0 0 0 rg BT 335.17 101.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.07 101.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 390.06 101.10 Td (price ) Tj ET Q q 0 0 0 rg BT 412.50 101.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 423.29 101.10 Td (104.125%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.12 101.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.58 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 477.36 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.03 101.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 530.03 101.10 Td (amount, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.63 89.10 Td (at ) Tj ET Q q 0 0 0 rg BT 76.53 89.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 116.43 89.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 164.66 89.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 191.23 89.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 229.13 89.10 Td (, ) Tj ET Q q 0 0 0 rg BT 234.31 89.10 Td (as ) Tj ET Q q 0 0 0 rg BT 245.33 89.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 284.11 89.10 Td (in ) Tj ET Q q 0 0 0 rg BT 294.58 89.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.49 89.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 352.44 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 355.13 89.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 377.81 89.10 Td (to ) Tj ET Q q 0 0 0 rg BT 388.28 89.10 Td (May ) Tj ET Q q 0 0 0 rg BT 409.30 89.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 419.49 89.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 444.67 89.10 Td (we ) Tj ET Q q 0 0 0 rg BT 459.02 89.10 Td (may ) Tj ET Q q 0 0 0 rg BT 478.93 89.10 Td (at ) Tj ET Q q 0 0 0 rg BT 488.83 89.10 Td (our ) Tj ET Q q 0 0 0 rg BT 504.85 89.10 Td (option ) Tj ET Q q 0 0 0 rg BT 533.09 89.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (up ) Tj ET Q q 0 0 0 rg BT 61.51 77.10 Td (to ) Tj ET Q q 0 0 0 rg BT 71.30 77.10 Td (an ) Tj ET Q q 0 0 0 rg BT 82.76 77.10 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 123.63 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.98 77.10 Td (35%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.31 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.32 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.66 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.89 77.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 216.45 77.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 248.46 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 258.80 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.03 77.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 295.04 77.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 320.38 77.10 Td (at ) Tj ET Q q 0 0 0 rg BT 329.61 77.10 Td (a ) Tj ET Q q 0 0 0 rg BT 336.07 77.10 Td (price ) Tj ET Q q 0 0 0 rg BT 358.06 77.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 368.41 77.10 Td (105.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 399.24 77.10 Td ( ) Tj ET Q q 0 0 0 rg BT 401.25 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 411.59 77.10 Td (par ) Tj ET Q q 0 0 0 rg BT 426.38 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.17 77.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.40 77.10 Td (proceeds ) Tj ET Q q 0 0 0 rg BT 497.95 77.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.29 77.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.51 77.10 Td (equity ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 65.10 Td (ferings. ) Tj ET Q q 0 0 0 rg BT 90.83 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 93.74 65.10 Td (In ) Tj ET Q q 0 0 0 rg BT 104.98 65.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 143.16 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 153.29 65.10 Td (any ) Tj ET Q q 0 0 0 rg BT 170.64 65.10 Td (time ) Tj ET Q q 0 0 0 rg BT 191.32 65.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 213.67 65.10 Td (to ) Tj ET Q q 0 0 0 rg BT 224.36 65.10 Td (May ) Tj ET Q q 0 0 0 rg BT 245.60 65.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 256.01 65.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 281.42 65.10 Td (we ) Tj ET Q q 0 0 0 rg BT 295.99 65.10 Td (may ) Tj ET Q q 0 0 0 rg BT 316.12 65.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.45 65.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.78 65.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.69 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 385.93 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 401.06 65.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 439.51 65.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 472.42 65.10 Td (of ) Tj ET Q q 0 0 0 rg BT 483.66 65.10 Td (the ) Tj ET Q q 0 0 0 rg BT 498.78 65.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 521.69 65.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 547.93 65.10 Td (at ) Tj ET Q q 0 0 0 rg BT 558.06 65.10 Td (a ) Tj ET Q endstream endobj 169 0 obj <> endobj 170 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (84) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (price ) Tj ET Q q 0 0 0 rg BT 72.33 713.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 96.84 713.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 107.47 713.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.80 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.65 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.82 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.89 713.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 198.28 713.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 235.02 713.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 254.54 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.82 713.10 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 322.97 713.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 361.93 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 379.21 713.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 413.15 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.44 713.10 Td (unpaid ) Tj ET Q q 0 0 0 rg BT 460.50 713.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 495.28 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.93 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 516.32 713.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 539.17 713.10 Td (Notes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 701.10 Td (not ) Tj ET Q q 0 0 0 rg BT 79.49 701.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 110.31 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.59 701.10 Td (any ) Tj ET Q q 0 0 0 rg BT 137.53 701.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 169.48 701.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 190.31 701.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET /GS0 gs q 25.60 0 0 9.93 67.50 674.94 cm /I30 Do Q q 0 0 0 rg BT 93.10 677.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 120.70 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 123.81 677.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 185.27 677.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 212.25 677.10 Td (due ) Tj ET Q q 0 0 0 rg BT 230.92 677.10 Td (2023) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 250.92 677.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.42 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.52 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 259.63 677.10 Td (In ) Tj ET Q q 0 0 0 rg BT 271.06 677.10 Td (February ) Tj ET Q q 0 0 0 rg BT 310.26 677.10 Td (2013, ) Tj ET Q q 0 0 0 rg BT 335.87 677.10 Td (we ) Tj ET Q q 0 0 0 rg BT 350.63 677.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 378.74 677.10 Td ($1.2 ) Tj ET Q q 0 0 0 rg BT 399.34 677.10 Td (billion) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.46 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 428.56 677.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.00 677.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 463.10 677.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 492.03 677.10 Td ( ) Tj ET Q q 0 0 0 rg BT 494.91 677.10 Td (The ) Tj ET Q q 0 0 0 rg BT 513.57 677.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 536.67 677.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (which ) Tj ET Q q 0 0 0 rg BT 77.04 665.10 Td (bear ) Tj ET Q q 0 0 0 rg BT 97.35 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 129.89 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 140.21 665.10 Td (a ) Tj ET Q q 0 0 0 rg BT 147.75 665.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 165.84 665.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.27 665.10 Td (4.625%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.10 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 211.20 665.10 Td (per ) Tj ET Q q 0 0 0 rg BT 227.08 665.10 Td (annum, ) Tj ET Q q 0 0 0 rg BT 259.90 665.10 Td (were ) Tj ET Q q 0 0 0 rg BT 282.43 665.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 302.20 665.10 Td (at ) Tj ET Q q 0 0 0 rg BT 312.52 665.10 Td (par) Tj ET Q q 0 0 0 rg BT 324.74 665.10 Td (. ) Tj ET Q q 0 0 0 rg BT 330.34 665.10 Td ( ) Tj ET Q q 0 0 0 rg BT 333.22 665.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.87 665.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 374.97 665.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 401.40 665.10 Td (mature ) Tj ET Q q 0 0 0 rg BT 432.27 665.10 Td (on ) Tj ET Q q 0 0 0 rg BT 445.37 665.10 Td (July15, ) Tj ET Q q 0 0 0 rg BT 480.15 665.10 Td (2023, ) Tj ET Q q 0 0 0 rg BT 505.75 665.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.29 665.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 555.83 665.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 83.75 653.10 Td (on ) Tj ET Q q 0 0 0 rg BT 96.91 653.10 Td (January ) Tj ET Q q 0 0 0 rg BT 131.16 653.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 144.32 653.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.91 653.10 Td (July ) Tj ET Q q 0 0 0 rg BT 181.74 653.10 Td (15 ) Tj ET Q q 0 0 0 rg BT 194.89 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 206.38 653.10 Td (each ) Tj ET Q q 0 0 0 rg BT 227.85 653.10 Td (year) Tj ET Q q 0 0 0 rg BT 244.50 653.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.16 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.09 653.10 Td (W) Tj ET Q q 0 0 0 rg BT 261.72 653.10 Td (e ) Tj ET Q q 0 0 0 rg BT 269.32 653.10 Td (may ) Tj ET Q q 0 0 0 rg BT 289.69 653.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 322.27 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.64 653.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 360.80 653.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 387.28 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 398.22 653.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 425.81 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 437.30 653.10 Td (in ) Tj ET Q q 0 0 0 rg BT 448.23 653.10 Td (part ) Tj ET Q q 0 0 0 rg BT 466.94 653.10 Td (at ) Tj ET Q q 0 0 0 rg BT 477.31 653.10 Td (our ) Tj ET Q q 0 0 0 rg BT 493.79 653.10 Td (option ) Tj ET Q q 0 0 0 rg BT 522.51 653.10 Td (beginning ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.10 Td (January ) Tj ET Q q 0 0 0 rg BT 83.49 641.10 Td (15, ) Tj ET Q q 0 0 0 rg BT 98.88 641.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 124.28 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 134.39 641.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.72 641.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 190.15 641.10 Td (price ) Tj ET Q q 0 0 0 rg BT 213.03 641.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.26 641.10 Td (102.313%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 265.09 641.10 Td ( ) Tj ET Q q 0 0 0 rg BT 267.98 641.10 Td (of ) Tj ET Q q 0 0 0 rg BT 279.20 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.31 641.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 332.75 641.10 Td (amount, ) Tj ET Q q 0 0 0 rg BT 368.14 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 385.47 641.10 Td (at ) Tj ET Q q 0 0 0 rg BT 395.58 641.10 Td (declining ) Tj ET Q q 0 0 0 rg BT 435.68 641.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 484.12 641.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 510.89 641.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 548.79 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 554.18 641.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 88.40 629.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.99 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.01 629.10 Td (indenture. ) Tj ET Q q 0 0 0 rg BT 157.08 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.89 629.10 Td (In ) Tj ET Q q 0 0 0 rg BT 171.03 629.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 209.11 629.10 Td (at ) Tj ET Q q 0 0 0 rg BT 219.13 629.10 Td (any ) Tj ET Q q 0 0 0 rg BT 236.38 629.10 Td (time ) Tj ET Q q 0 0 0 rg BT 256.96 629.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 279.21 629.10 Td (to ) Tj ET Q q 0 0 0 rg BT 289.79 629.10 Td (January15, ) Tj ET Q q 0 0 0 rg BT 338.70 629.10 Td (2018, ) Tj ET Q q 0 0 0 rg BT 364.01 629.10 Td (we ) Tj ET Q q 0 0 0 rg BT 378.47 629.10 Td (may ) Tj ET Q q 0 0 0 rg BT 398.50 629.10 Td (redeem ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.73 629.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.06 629.10 Td ( ) Tj ET Q q 0 0 0 rg BT 456.87 629.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.01 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.03 629.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 521.38 629.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 554.18 629.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.56 617.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 85.41 617.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 110.58 617.10 Td (at ) Tj ET Q q 0 0 0 rg BT 119.64 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 125.93 617.10 Td (redemption ) Tj ET Q q 0 0 0 rg BT 173.31 617.10 Td (price ) Tj ET Q q 0 0 0 rg BT 195.14 617.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 218.64 617.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 228.27 617.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.60 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 253.44 617.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.62 617.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.68 617.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 315.06 617.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 346.90 617.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 365.42 617.10 Td (a ) Tj ET Q q 0 0 0 rg BT 371.70 617.10 Td (make-whole ) Tj ET Q q 0 0 0 rg BT 431.85 617.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 469.79 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 486.08 617.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 519.01 617.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.29 617.10 Td (unpaid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 605.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 83.93 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.25 605.10 Td (The ) Tj ET Q q 0 0 0 rg BT 104.30 605.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 126.80 605.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 152.63 605.10 Td (are ) Tj ET Q q 0 0 0 rg BT 167.34 605.10 Td (not ) Tj ET Q q 0 0 0 rg BT 182.62 605.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 213.44 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 223.72 605.10 Td (any ) Tj ET Q q 0 0 0 rg BT 240.66 605.10 Td (sinking ) Tj ET Q q 0 0 0 rg BT 272.61 605.10 Td (fund ) Tj ET Q q 0 0 0 rg BT 293.44 605.10 Td (requirements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 581.10 Td (Restrictive ) Tj ET Q q 0 0 0 rg BT 116.66 581.10 Td (Covenants ) Tj ET Q q 0 0 0 rg BT 164.74 581.10 Td (in ) Tj ET Q q 0 0 0 rg BT 176.15 581.10 Td (Indentur) Tj ET Q q 0 0 0 rg BT 214.32 581.10 Td (es ) Tj ET Q q 0 0 0 rg BT 225.72 581.10 Td (for) Tj ET Q q 0 0 0 rg BT 238.31 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 241.39 581.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 268.98 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.06 581.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 333.49 581.10 Td (Notes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.87 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 362.95 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.02 581.10 Td (Each ) Tj ET Q q 0 0 0 rg BT 389.08 581.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.49 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 581.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 460.51 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 475.25 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 490.54 581.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 513.61 581.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 542.52 581.10 Td (2022 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 75.68 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 92.97 569.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 115.83 569.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 142.01 569.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 178.19 569.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 208.24 569.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 251.08 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 268.93 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 283.99 569.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 324.05 569.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 366.89 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 384.19 569.10 Td (that ) Tj ET Q q 0 0 0 rg BT 402.03 569.10 Td (restrict ) Tj ET Q q 0 0 0 rg BT 432.65 569.10 Td (our ) Tj ET Q q 0 0 0 rg BT 448.83 569.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 477.24 569.10 Td (and ) Tj ET Q q 0 0 0 rg BT 494.53 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 509.60 569.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 538.00 569.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.19 569.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 90.56 557.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 141.64 557.10 Td (to ) Tj ET Q q 0 0 0 rg BT 153.29 557.10 Td (take ) Tj ET Q q 0 0 0 rg BT 173.80 557.10 Td (or ) Tj ET Q q 0 0 0 rg BT 186.00 557.10 Td (permit ) Tj ET Q q 0 0 0 rg BT 215.96 557.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 247.03 557.10 Td (actions, ) Tj ET Q q 0 0 0 rg BT 281.72 557.10 Td (including ) Tj ET Q q 0 0 0 rg BT 323.35 557.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 371.65 557.10 Td (on ) Tj ET Q q 0 0 0 rg BT 385.51 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 402.70 557.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 432.12 557.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.42 557.10 Td (the ) Tj ET Q q 0 0 0 rg BT 466.50 557.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 495.91 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.11 557.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.30 557.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 98.06 545.10 Td (to ) Tj ET Q q 0 0 0 rg BT 107.18 545.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 120.18 545.10 Td (incur ) Tj ET Q q 0 0 0 rg BT 142.06 545.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 183.39 545.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 204.73 545.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 217.73 545.10 Td (make ) Tj ET Q q 0 0 0 rg BT 240.73 545.10 Td (investments; ) Tj ET Q q 0 0 0 rg BT 292.62 545.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 305.62 545.10 Td (create ) Tj ET Q q 0 0 0 rg BT 330.82 545.10 Td (liens ) Tj ET Q q 0 0 0 rg BT 351.05 545.10 Td (on ) Tj ET Q q 0 0 0 rg BT 362.39 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 377.06 545.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 401.73 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 411.40 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 545.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 449.63 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 459.30 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 473.97 545.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 512.51 545.10 Td (subsidiaries; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 62.98 533.10 Td (create ) Tj ET Q q 0 0 0 rg BT 88.66 533.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 134.91 533.10 Td (on ) Tj ET Q q 0 0 0 rg BT 146.73 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.76 533.10 Td (ability ) Tj ET Q q 0 0 0 rg BT 188.13 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.28 533.10 Td (our ) Tj ET Q q 0 0 0 rg BT 213.43 533.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.45 533.10 Td (subsidiaries ) Tj ET Q q 0 0 0 rg BT 301.48 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 311.08 533.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 327.33 533.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 368.04 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 378.19 533.10 Td (make ) Tj ET Q q 0 0 0 rg BT 401.66 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.03 533.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 464.17 533.10 Td (to ) Tj ET Q q 0 0 0 rg BT 473.76 533.10 Td (DRI ) Tj ET Q q 0 0 0 rg BT 492.80 533.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.95 533.10 Td (other ) Tj ET Q q 0 0 0 rg BT 525.32 533.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 101.86 521.10 Td (\(5\) ) Tj ET Q q 0 0 0 rg BT 115.88 521.10 Td (engage ) Tj ET Q q 0 0 0 rg BT 146.56 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.70 521.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 206.83 521.10 Td (with ) Tj ET Q q 0 0 0 rg BT 226.97 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 242.66 521.10 Td (af) Tj ET Q q 0 0 0 rg BT 250.25 521.10 Td (filiates; ) Tj ET Q q 0 0 0 rg BT 282.61 521.10 Td (\(6\) ) Tj ET Q q 0 0 0 rg BT 296.63 521.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 329.53 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 340.22 521.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 356.47 521.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 382.17 521.10 Td (or ) Tj ET Q q 0 0 0 rg BT 392.86 521.10 Td (subsidiary ) Tj ET Q q 0 0 0 rg BT 436.33 521.10 Td (stock; ) Tj ET Q q 0 0 0 rg BT 462.58 521.10 Td (\(7\) ) Tj ET Q q 0 0 0 rg BT 476.60 521.10 Td (consolidate, ) Tj ET Q q 0 0 0 rg BT 527.01 521.10 Td (mer) Tj ET Q q 0 0 0 rg BT 542.38 521.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 554.18 521.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 82.47 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 94.90 509.10 Td (or ) Tj ET Q q 0 0 0 rg BT 105.67 509.10 Td (substantially ) Tj ET Q q 0 0 0 rg BT 158.66 509.10 Td (all ) Tj ET Q q 0 0 0 rg BT 171.09 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.85 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 197.62 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 223.38 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 240.26 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 254.91 509.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 280.68 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.44 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.21 509.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 346.84 509.10 Td (subsidiaries; ) Tj ET Q q 0 0 0 rg BT 399.28 509.10 Td (and ) Tj ET Q q 0 0 0 rg BT 416.15 509.10 Td (\(8\) ) Tj ET Q q 0 0 0 rg BT 430.25 509.10 Td (make ) Tj ET Q q 0 0 0 rg BT 454.34 509.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 493.97 509.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 534.73 509.10 Td (\(which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 84.81 497.10 Td (paying ) Tj ET Q q 0 0 0 rg BT 114.00 497.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 154.87 497.10 Td (on ) Tj ET Q q 0 0 0 rg BT 166.85 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 182.17 497.10 Td (common ) Tj ET Q q 0 0 0 rg BT 219.14 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 242.23 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 252.54 497.10 Td (redeeming, ) Tj ET Q q 0 0 0 rg BT 299.23 497.10 Td (repurchasing ) Tj ET Q q 0 0 0 rg BT 352.85 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.17 497.10 Td (retiring ) Tj ET Q q 0 0 0 rg BT 394.58 497.10 Td (such ) Tj ET Q q 0 0 0 rg BT 414.89 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 437.98 497.10 Td (or ) Tj ET Q q 0 0 0 rg BT 448.29 497.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 501.93 497.10 Td (debt\), ) Tj ET Q q 0 0 0 rg BT 526.96 497.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.87 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.47 485.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 121.05 485.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 161.76 485.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 200.23 485.10 Td (in ) Tj ET Q q 0 0 0 rg BT 210.39 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 224.98 485.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 269.02 485.10 Td (for ) Tj ET Q q 0 0 0 rg BT 283.06 485.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.65 485.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 320.03 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 336.85 485.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 359.23 485.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 384.94 485.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 402.87 485.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 429.68 485.10 Td (and ) Tj ET Q q 0 0 0 rg BT 446.50 485.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 468.88 485.10 Td (Indentures\) ) Tj ET Q q 0 0 0 rg BT 521.24 485.10 Td (permits ) Tj ET Q q 0 0 0 rg BT 553.61 485.10 Td (us ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.99 473.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 89.91 473.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 149.27 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 159.76 473.10 Td (make ) Tj ET Q q 0 0 0 rg BT 184.14 473.10 Td (unlimited ) Tj ET Q q 0 0 0 rg BT 225.18 473.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 265.10 473.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 306.14 473.10 Td (so ) Tj ET Q q 0 0 0 rg BT 317.75 473.10 Td (long ) Tj ET Q q 0 0 0 rg BT 338.25 473.10 Td (as ) Tj ET Q q 0 0 0 rg BT 349.29 473.10 Td (we ) Tj ET Q q 0 0 0 rg BT 363.67 473.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 401.37 473.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.53 473.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 429.57 473.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.62 473.10 Td (total ) Tj ET Q q 0 0 0 rg BT 461.11 473.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 481.04 473.10 Td (to ) Tj ET Q q 0 0 0 rg BT 491.53 473.10 Td (EBITDA) Tj ET Q q 0 0 0 rg BT 527.64 473.10 Td ( ) Tj ET Q q 0 0 0 rg BT 530.36 473.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 554.18 473.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.97 461.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.24 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 106.95 461.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 129.44 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 146.37 461.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 168.85 461.10 Td (Indentures\) ) Tj ET Q q 0 0 0 rg BT 216.88 461.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.15 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.42 461.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.66 461.10 Td (2.5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 285.16 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.65 461.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.92 461.10 Td (1.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.42 461.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.91 461.10 Td (\(both ) Tj ET Q q 0 0 0 rg BT 336.50 461.10 Td (before ) Tj ET Q q 0 0 0 rg BT 364.53 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.46 461.10 Td (after ) Tj ET Q q 0 0 0 rg BT 402.26 461.10 Td (giving ) Tj ET Q q 0 0 0 rg BT 430.31 461.10 Td (ef) Tj ET Q q 0 0 0 rg BT 437.90 461.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 455.37 461.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.64 461.10 Td (any ) Tj ET Q q 0 0 0 rg BT 482.57 461.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 522.26 461.10 Td (payment\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (although ) Tj ET Q q 0 0 0 rg BT 87.40 449.10 Td (we ) Tj ET Q q 0 0 0 rg BT 101.96 449.10 Td (will ) Tj ET Q q 0 0 0 rg BT 120.42 449.10 Td (not ) Tj ET Q q 0 0 0 rg BT 136.10 449.10 Td (be ) Tj ET Q q 0 0 0 rg BT 148.44 449.10 Td (able ) Tj ET Q q 0 0 0 rg BT 168.00 449.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.68 449.10 Td (realize ) Tj ET Q q 0 0 0 rg BT 208.23 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.35 449.10 Td (practical ) Tj ET Q q 0 0 0 rg BT 260.67 449.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 291.33 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 302.57 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.69 449.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 357.79 449.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.13 449.10 Td (covenant ) Tj ET Q q 0 0 0 rg BT 434.12 449.10 Td (flexibility ) Tj ET Q q 0 0 0 rg BT 476.47 449.10 Td (in ) Tj ET Q q 0 0 0 rg BT 487.15 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 502.27 449.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 525.17 449.10 Td (and ) Tj ET Q q 0 0 0 rg BT 542.51 449.10 Td (2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (Indentures ) Tj ET Q q 0 0 0 rg BT 94.37 437.10 Td (until ) Tj ET Q q 0 0 0 rg BT 115.37 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.26 437.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 152.92 437.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 178.92 437.10 Td (have ) Tj ET Q q 0 0 0 rg BT 200.46 437.10 Td (been ) Tj ET Q q 0 0 0 rg BT 222.00 437.10 Td (redeemed ) Tj ET Q q 0 0 0 rg BT 263.53 437.10 Td (or ) Tj ET Q q 0 0 0 rg BT 274.53 437.10 Td (retired. ) Tj ET Q q 0 0 0 rg BT 305.79 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.87 437.10 Td (As ) Tj ET Q q 0 0 0 rg BT 321.65 437.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.64 437.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 391.39 437.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.39 437.10 Td (, ) Tj ET Q q 0 0 0 rg BT 416.56 437.10 Td (we ) Tj ET Q q 0 0 0 rg BT 430.88 437.10 Td (were ) Tj ET Q q 0 0 0 rg BT 452.98 437.10 Td (in ) Tj ET Q q 0 0 0 rg BT 463.42 437.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 512.18 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 532.62 437.10 Td (all ) Tj ET Q q 0 0 0 rg BT 545.28 437.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (covenants ) Tj ET Q q 0 0 0 rg BT 91.99 425.10 Td (under ) Tj ET Q q 0 0 0 rg BT 117.25 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.97 425.10 Td (indentures ) Tj ET Q q 0 0 0 rg BT 176.13 425.10 Td (related ) Tj ET Q q 0 0 0 rg BT 205.83 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.11 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 231.94 425.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 258.88 425.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 313.03 425.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 401.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 89.39 401.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 116.43 401.10 Td (chases ) Tj ET Q q 0 0 0 rg BT 145.54 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.76 401.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 183.36 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 185.25 401.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 245.49 401.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 273.76 401.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.65 401.10 Td (During ) Tj ET Q q 0 0 0 rg BT 305.87 401.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 330.26 401.10 Td (we ) Tj ET Q q 0 0 0 rg BT 343.81 401.10 Td (repurchased ) Tj ET Q q 0 0 0 rg BT 394.01 401.10 Td (a ) Tj ET Q q 0 0 0 rg BT 400.34 401.10 Td (total ) Tj ET Q q 0 0 0 rg BT 420.00 401.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.22 401.10 Td ($181.9 ) Tj ET Q q 0 0 0 rg BT 459.61 401.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.50 401.10 Td ( ) Tj ET Q q 0 0 0 rg BT 490.39 401.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.61 401.10 Td (our ) Tj ET Q q 0 0 0 rg BT 515.83 401.10 Td (outstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 92.02 389.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 149.27 389.10 Td (consisting ) Tj ET Q q 0 0 0 rg BT 192.92 389.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 204.33 389.10 Td ($9.8 ) Tj ET Q q 0 0 0 rg BT 224.92 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.82 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 256.91 389.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 295.54 389.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 328.62 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 340.04 389.10 Td (our ) Tj ET Q q 0 0 0 rg BT 356.46 389.10 Td (2021 ) Tj ET Q q 0 0 0 rg BT 379.55 389.10 Td (Notes, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.47 389.10 Td ($66.1 ) Tj ET Q q 0 0 0 rg BT 434.06 389.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.95 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 466.04 389.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 504.68 389.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 537.76 389.10 Td (of ) Tj ET Q q 0 0 0 rg BT 549.18 389.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.10 Td (2022 ) Tj ET Q q 0 0 0 rg BT 71.48 377.10 Td (Notes, ) Tj ET Q q 0 0 0 rg BT 99.28 377.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.70 377.10 Td ($106.0 ) Tj ET Q q 0 0 0 rg BT 145.17 377.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.07 377.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.04 377.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 213.56 377.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 245.53 377.10 Td (of ) Tj ET Q q 0 0 0 rg BT 255.84 377.10 Td (our ) Tj ET Q q 0 0 0 rg BT 271.15 377.10 Td (2023 ) Tj ET Q q 0 0 0 rg BT 293.12 377.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 318.43 377.10 Td (in ) Tj ET Q q 0 0 0 rg BT 328.18 377.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 380.69 377.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 430.43 377.10 Td (for ) Tj ET Q q 0 0 0 rg BT 444.07 377.10 Td (a ) Tj ET Q q 0 0 0 rg BT 450.49 377.10 Td (total ) Tj ET Q q 0 0 0 rg BT 470.24 377.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 507.75 377.10 Td (price ) Tj ET Q q 0 0 0 rg BT 529.71 377.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.02 377.10 Td ($76.7 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 78.39 365.10 Td (, ) Tj ET Q q 0 0 0 rg BT 84.64 365.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 127.82 365.10 Td (accrued ) Tj ET Q q 0 0 0 rg BT 162.65 365.10 Td (interest. ) Tj ET Q q 0 0 0 rg BT 198.33 365.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.41 365.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 258.03 365.10 Td (with ) Tj ET Q q 0 0 0 rg BT 279.56 365.10 Td (these ) Tj ET Q q 0 0 0 rg BT 303.85 365.10 Td (series ) Tj ET Q q 0 0 0 rg BT 330.37 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.44 365.10 Td (transactions, ) Tj ET Q q 0 0 0 rg BT 396.46 365.10 Td (we ) Tj ET Q q 0 0 0 rg BT 411.86 365.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 459.47 365.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.66 365.10 Td ($103.1 ) Tj ET Q q 0 0 0 rg BT 498.91 365.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.80 365.10 Td ( ) Tj ET Q q 0 0 0 rg BT 531.55 365.10 Td (gain ) Tj ET Q q 0 0 0 rg BT 552.51 365.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 116.55 353.10 Td (net ) Tj ET Q q 0 0 0 rg BT 131.66 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 142.88 353.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 195.75 353.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 215.86 353.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 252.63 353.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 275.52 353.10 Td (written ) Tj ET Q q 0 0 0 rg BT 306.73 353.10 Td (of) Tj ET Q q 0 0 0 rg BT 314.88 353.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 323.60 353.10 Td (during ) Tj ET Q q 0 0 0 rg BT 352.60 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 367.71 353.10 Td (year ) Tj ET Q q 0 0 0 rg BT 387.81 353.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 414.57 353.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 473.55 353.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 493.55 353.10 Td (. ) Tj ET Q q 0 0 0 rg BT 498.94 353.10 Td ( ) Tj ET Q q 0 0 0 rg BT 501.19 353.10 Td (As ) Tj ET Q q 0 0 0 rg BT 515.19 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 526.42 353.10 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (22, ) Tj ET Q q 0 0 0 rg BT 64.18 341.10 Td (2017, ) Tj ET Q q 0 0 0 rg BT 88.86 341.10 Td (under ) Tj ET Q q 0 0 0 rg BT 113.81 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.21 341.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 151.49 341.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 178.19 341.10 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 227.29 341.10 Td (up ) Tj ET Q q 0 0 0 rg BT 239.47 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.43 341.10 Td (an ) Tj ET Q q 0 0 0 rg BT 261.05 341.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.22 341.10 Td ($148.3 ) Tj ET Q q 0 0 0 rg BT 332.90 341.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.79 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.97 341.10 Td (may ) Tj ET Q q 0 0 0 rg BT 383.37 341.10 Td (be ) Tj ET Q q 0 0 0 rg BT 394.99 341.10 Td (spent ) Tj ET Q q 0 0 0 rg BT 418.28 341.10 Td (on ) Tj ET Q q 0 0 0 rg BT 430.46 341.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 479.83 341.10 Td (or ) Tj ET Q q 0 0 0 rg BT 490.34 341.10 Td (other ) Tj ET Q q 0 0 0 rg BT 513.07 341.10 Td (redemptions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 329.10 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 329.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 103.10 329.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 157.25 329.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 305.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 89.55 305.10 Td (Repur) Tj ET Q q 0 0 0 rg BT 116.59 305.10 Td (chase ) Tj ET Q q 0 0 0 rg BT 141.97 305.10 Td (and ) Tj ET Q q 0 0 0 rg BT 160.14 305.10 Td (Redemption ) Tj ET Q q 0 0 0 rg BT 214.42 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 224.79 305.10 Td (8% ) Tj ET Q q 0 0 0 rg BT 249.34 305.10 Td (Senior) Tj ET Q q 0 0 0 rg BT 276.94 305.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.99 305.10 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 339.40 305.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 365.33 305.10 Td (due ) Tj ET Q q 0 0 0 rg BT 382.94 305.10 Td (2020) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 402.94 305.10 Td (. ) Tj ET Q q 0 0 0 rg BT 407.49 305.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.54 305.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 446.59 305.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.42 305.10 Td (a ) Tj ET Q q 0 0 0 rg BT 462.91 305.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 482.72 305.10 Td (tender) Tj ET Q q 0 0 0 rg BT 507.31 305.10 Td (, ) Tj ET Q q 0 0 0 rg BT 511.86 305.10 Td (during ) Tj ET Q q 0 0 0 rg BT 540.02 305.10 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (we ) Tj ET Q q 0 0 0 rg BT 64.40 293.10 Td (repurchased ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.95 293.10 Td ($996.3 ) Tj ET Q q 0 0 0 rg BT 146.69 293.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.58 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 178.82 293.10 Td (in ) Tj ET Q q 0 0 0 rg BT 189.84 293.10 Td (principal ) Tj ET Q q 0 0 0 rg BT 228.63 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 240.20 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.77 293.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 280.01 293.10 Td (Notes. ) Tj ET Q q 0 0 0 rg BT 309.08 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 312.09 293.10 Td (W) Tj ET Q q 0 0 0 rg BT 320.72 293.10 Td (e ) Tj ET Q q 0 0 0 rg BT 328.40 293.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 375.51 293.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.19 293.10 Td ($1) Tj ET Q q 0 0 0 rg BT 392.82 293.10 Td (13.9 ) Tj ET Q q 0 0 0 rg BT 413.56 293.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.45 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 445.69 293.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 464.49 293.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 508.83 293.10 Td (with ) Tj ET Q q 0 0 0 rg BT 529.85 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.31 293.10 Td (debt ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (repurchases ) Tj ET Q q 0 0 0 rg BT 99.10 281.10 Td (during ) Tj ET Q q 0 0 0 rg BT 127.61 281.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.23 281.10 Td (second ) Tj ET Q q 0 0 0 rg BT 172.40 281.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 203.12 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.85 281.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 238.75 281.10 Td (which ) Tj ET Q q 0 0 0 rg BT 265.59 281.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 283.56 281.10 Td (consists ) Tj ET Q q 0 0 0 rg BT 317.63 281.10 Td (of ) Tj ET Q q 0 0 0 rg BT 328.36 281.10 Td (both ) Tj ET Q q 0 0 0 rg BT 348.54 281.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 387.05 281.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 427.78 281.10 Td (made ) Tj ET Q q 0 0 0 rg BT 451.83 281.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.01 281.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 507.72 281.10 Td (or ) Tj ET Q q 0 0 0 rg BT 518.46 281.10 Td (redeem ) Tj ET Q q 0 0 0 rg BT 550.28 281.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.10 Td (2020 ) Tj ET Q q 0 0 0 rg BT 71.55 269.10 Td (Notes ) Tj ET Q q 0 0 0 rg BT 96.92 269.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.41 269.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.67 269.10 Td (elimination ) Tj ET Q q 0 0 0 rg BT 175.27 269.10 Td (of ) Tj ET Q q 0 0 0 rg BT 185.65 269.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 237.67 269.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 256.94 269.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 292.86 269.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 314.91 269.10 Td (related ) Tj ET Q q 0 0 0 rg BT 344.16 269.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.99 269.10 Td (these ) Tj ET Q q 0 0 0 rg BT 376.58 269.10 Td (notes. ) Tj ET Q q 0 0 0 rg BT 402.24 269.10 Td ( ) Tj ET Q q 0 0 0 rg BT 404.13 269.10 Td (The ) Tj ET Q q 0 0 0 rg BT 421.73 269.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 439.34 269.10 Td (is ) Tj ET Q q 0 0 0 rg BT 448.06 269.10 Td (included ) Tj ET Q q 0 0 0 rg BT 484.54 269.10 Td (in ) Tj ET Q q 0 0 0 rg BT 494.36 269.10 Td (our ) Tj ET Q q 0 0 0 rg BT 509.74 269.10 Td (Consolidated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 257.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 95.48 257.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.91 257.10 Td (Operations ) Tj ET Q q 0 0 0 rg BT 151.88 257.10 Td (under ) Tj ET Q q 0 0 0 rg BT 176.75 257.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.06 257.10 Td (caption ) Tj ET Q q 0 0 0 rg BT 222.59 257.10 Td (Loss ) Tj ET Q q 0 0 0 rg BT 248.02 257.10 Td (\(gain\) ) Tj ET Q q 0 0 0 rg BT 273.99 257.10 Td (on ) Tj ET Q q 0 0 0 rg BT 286.09 257.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 305.40 257.10 Td (extinguishment, ) Tj ET Q q 0 0 0 rg BT 376.10 257.10 Td (and ) Tj ET Q q 0 0 0 rg BT 392.63 257.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 430.84 257.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 471.26 257.10 Td (made ) Tj ET Q q 0 0 0 rg BT 495.01 257.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.89 257.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 550.29 257.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 73.08 245.10 Td (are ) Tj ET Q q 0 0 0 rg BT 87.76 245.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 128.00 245.10 Td (as ) Tj ET Q q 0 0 0 rg BT 138.81 245.10 Td (a ) Tj ET Q q 0 0 0 rg BT 145.72 245.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 185.96 245.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 206.20 245.10 Td (outflow ) Tj ET Q q 0 0 0 rg BT 239.79 245.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.26 245.10 Td (our ) Tj ET Q q 0 0 0 rg BT 268.06 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 323.31 245.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 369.67 245.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.47 245.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 402.95 245.10 Td (Flows ) Tj ET Q q 0 0 0 rg BT 429.88 245.10 Td (under ) Tj ET Q q 0 0 0 rg BT 455.12 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.81 245.10 Td (caption ) Tj ET Q q 0 0 0 rg BT 501.72 245.10 Td (Premium ) Tj ET Q q 0 0 0 rg BT 545.30 245.10 Td (paid ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 233.10 Td (repayment ) Tj ET Q q 0 0 0 rg BT 106.70 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 117.53 233.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 144.47 233.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 198.63 233.10 Td (notes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 86.44 209.10 Td (Financings) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 185.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.46 185.10 Td (May ) Tj ET Q q 0 0 0 rg BT 99.42 185.10 Td (2008, ) Tj ET Q q 0 0 0 rg BT 124.55 185.10 Td (we ) Tj ET Q q 0 0 0 rg BT 138.84 185.10 Td (closed ) Tj ET Q q 0 0 0 rg BT 167.02 185.10 Td (two ) Tj ET Q q 0 0 0 rg BT 184.65 185.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 235.05 185.10 Td (with ) Tj ET Q q 0 0 0 rg BT 255.46 185.10 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 289.75 185.10 Td (Ener) Tj ET Q q 0 0 0 rg BT 308.44 185.10 Td (gy) Tj ET Q q 0 0 0 rg BT 317.79 185.10 Td (, ) Tj ET Q q 0 0 0 rg BT 322.92 185.10 Td (L.P) Tj ET Q q 0 0 0 rg BT 335.99 185.10 Td (. ) Tj ET Q q 0 0 0 rg BT 341.12 185.10 Td (\(Genesis\) ) Tj ET Q q 0 0 0 rg BT 390.95 185.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 431.91 185.10 Td (two ) Tj ET Q q 0 0 0 rg BT 449.54 185.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.50 185.10 Td (our ) Tj ET Q q 0 0 0 rg BT 476.46 185.10 Td (pipelines.) Tj ET Q q 0 0 0 rg BT 519.89 185.10 Td (The ) Tj ET Q q 0 0 0 rg BT 538.06 185.10 Td (NEJD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 173.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 86.24 173.10 Td (system ) Tj ET Q q 0 0 0 rg BT 117.98 173.10 Td (included ) Tj ET Q q 0 0 0 rg BT 156.38 173.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.78 173.10 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.78 173.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 199.29 173.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 241.01 173.10 Td (lease, ) Tj ET Q q 0 0 0 rg BT 267.46 173.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.87 173.10 Td (the ) Tj ET Q q 0 0 0 rg BT 302.05 173.10 Td (Free ) Tj ET Q q 0 0 0 rg BT 323.78 173.10 Td (State ) Tj ET Q q 0 0 0 rg BT 347.74 173.10 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 384.48 173.10 Td (included ) Tj ET Q q 0 0 0 rg BT 422.88 173.10 Td (a ) Tj ET Q q 0 0 0 rg BT 431.28 173.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 474.68 173.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 534.19 173.10 Td (service ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 161.10 Td (agreement.) Tj ET Q q 0 0 0 rg BT 98.46 161.10 Td (These ) Tj ET Q q 0 0 0 rg BT 124.84 161.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 175.10 161.10 Td (are ) Tj ET Q q 0 0 0 rg BT 189.81 161.10 Td (both ) Tj ET Q q 0 0 0 rg BT 210.09 161.10 Td (accounted ) Tj ET Q q 0 0 0 rg BT 253.12 161.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.28 161.10 Td (as ) Tj ET Q q 0 0 0 rg BT 278.11 161.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 318.37 161.10 Td (leases.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 137.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 72.55 137.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 111.73 137.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 113.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.89 113.10 Td (connection ) Tj ET Q q 0 0 0 rg BT 125.83 113.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.67 113.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.95 113.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 198.89 113.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.29 113.10 Td (our ) Tj ET Q q 0 0 0 rg BT 226.68 113.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 276.41 113.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 318.91 113.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 341.69 113.10 Td (we ) Tj ET Q q 0 0 0 rg BT 356.41 113.10 Td (have ) Tj ET Q q 0 0 0 rg BT 378.35 113.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 414.73 113.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 435.01 113.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 471.96 113.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 497.52 113.10 Td (which ) Tj ET Q q 0 0 0 rg BT 525.02 113.10 Td (are ) Tj ET Q q 0 0 0 rg BT 540.29 113.10 Td (being ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 101.10 Td (amortized ) Tj ET Q q 0 0 0 rg BT 93.87 101.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.03 101.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 139.86 101.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 176.45 101.10 Td (using ) Tj ET Q q 0 0 0 rg BT 202.51 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.11 101.10 Td (straight ) Tj ET Q q 0 0 0 rg BT 253.50 101.10 Td (line ) Tj ET Q q 0 0 0 rg BT 272.88 101.10 Td (or ) Tj ET Q q 0 0 0 rg BT 285.60 101.10 Td (ef) Tj ET Q q 0 0 0 rg BT 293.18 101.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 324.77 101.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 358.59 101.10 Td (method ) Tj ET Q q 0 0 0 rg BT 392.98 101.10 Td (over ) Tj ET Q q 0 0 0 rg BT 415.13 101.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.74 101.10 Td (term ) Tj ET Q q 0 0 0 rg BT 454.45 101.10 Td (of ) Tj ET Q q 0 0 0 rg BT 467.17 101.10 Td (each ) Tj ET Q q 0 0 0 rg BT 489.87 101.10 Td (related ) Tj ET Q q 0 0 0 rg BT 521.46 101.10 Td (facility ) Tj ET Q q 0 0 0 rg BT 554.17 101.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 89.10 Td (borrowing.Remaining ) Tj ET Q q 0 0 0 rg BT 145.34 89.10 Td (unamortized ) Tj ET Q q 0 0 0 rg BT 198.12 89.10 Td (debt ) Tj ET Q q 0 0 0 rg BT 218.14 89.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 254.82 89.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 277.62 89.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 299.85 89.10 Td ($24.7 ) Tj ET Q q 0 0 0 rg BT 325.15 89.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 354.04 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 356.84 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.08 89.10 Td ($49.8 ) Tj ET Q q 0 0 0 rg BT 399.38 89.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.27 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 431.07 89.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.09 89.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 499.97 89.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.97 89.10 Td ( ) Tj ET Q q 0 0 0 rg BT 522.77 89.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.01 89.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 89.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 77.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 77.10 Td (.Issuance ) Tj ET Q q 0 0 0 rg BT 140.69 77.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 162.29 77.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 204.98 77.10 Td (with ) Tj ET Q q 0 0 0 rg BT 224.35 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 239.28 77.10 Td (Bank ) Tj ET Q q 0 0 0 rg BT 261.99 77.10 Td (Credit ) Tj ET Q q 0 0 0 rg BT 288.23 77.10 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 334.25 77.10 Td (are ) Tj ET Q q 0 0 0 rg BT 348.06 77.10 Td (included ) Tj ET Q q 0 0 0 rg BT 384.09 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 393.46 77.10 Td (Other ) Tj ET Q q 0 0 0 rg BT 422.27 77.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 451.64 77.10 Td (in ) Tj ET Q q 0 0 0 rg BT 461.01 77.10 Td (our ) Tj ET Q q 0 0 0 rg BT 475.94 77.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 530.31 77.10 Td (Balance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 65.10 Td (Sheets, ) Tj ET Q q 0 0 0 rg BT 80.07 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 96.48 65.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 132.32 65.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 154.28 65.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 197.34 65.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.08 65.10 Td (our ) Tj ET Q q 0 0 0 rg BT 232.38 65.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 258.78 65.10 Td (secured ) Tj ET Q q 0 0 0 rg BT 291.28 65.10 Td (second ) Tj ET Q q 0 0 0 rg BT 321.01 65.10 Td (lien ) Tj ET Q q 0 0 0 rg BT 337.97 65.10 Td (and ) Tj ET Q q 0 0 0 rg BT 354.38 65.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 380.78 65.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 434.40 65.10 Td (notes ) Tj ET Q q 0 0 0 rg BT 457.47 65.10 Td (are ) Tj ET Q q 0 0 0 rg BT 471.64 65.10 Td (included ) Tj ET Q q 0 0 0 rg BT 508.04 65.10 Td (as ) Tj ET Q q 0 0 0 rg BT 518.33 65.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.74 65.10 Td (reduction ) Tj ET Q endstream endobj 171 0 obj <> endobj 172 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (85) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.05 713.10 Td (Long-term ) Tj ET Q q 0 0 0 rg BT 109.48 713.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 131.42 713.10 Td (net ) Tj ET Q q 0 0 0 rg BT 145.86 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 156.42 713.10 Td (current ) Tj ET Q q 0 0 0 rg BT 186.96 713.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 222.51 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.51 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 248.06 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.29 713.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 305.28 713.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 339.71 713.10 Td (Sheets ) Tj ET Q q 0 0 0 rg BT 368.04 713.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.04 713.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 425.23 713.10 Td (with ) Tj ET Q q 0 0 0 rg BT 445.23 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.67 713.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 496.89 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 506.96 713.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 529.19 713.10 Td (2015-03 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (\(see ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.76 701.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 91.36 701.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.36 701.10 Td (, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 102.02 701.10 Td (Significant ) Tj ET Q q 0 0 0 rg BT 148.29 701.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 196.99 701.10 Td (Policies) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 229.20 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.36 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.52 701.10 Td (Recent ) Tj ET Q q 0 0 0 rg BT 270.66 701.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 319.36 701.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 328.99 701.10 Td (onouncements ) Tj ET Q q 0 0 0 rg BT 389.36 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 397.52 701.10 Td (Recently ) Tj ET Q q 0 0 0 rg BT 434.87 701.10 Td (Adopted ) Tj ET Q q 0 0 0 rg BT 471.36 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.52 701.10 Td (Debt ) Tj ET Q q 0 0 0 rg BT 502.12 701.10 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 540.27 701.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (above\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (Indebtedness ) Tj ET Q q 0 0 0 rg BT 108.13 665.10 Td (Repayment ) Tj ET Q q 0 0 0 rg BT 159.51 665.10 Td (Schedule) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 641.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 79.49 641.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 137.56 641.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.56 641.10 Td (, ) Tj ET Q q 0 0 0 rg BT 162.05 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 177.36 641.10 Td (indebtedness, ) Tj ET Q q 0 0 0 rg BT 233.51 641.10 Td (including ) Tj ET Q q 0 0 0 rg BT 273.27 641.10 Td (our ) Tj ET Q q 0 0 0 rg BT 288.58 641.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 317.22 641.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.65 641.10 Td (financing ) Tj ET Q q 0 0 0 rg BT 373.40 641.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 395.37 641.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 441.80 641.10 Td (but ) Tj ET Q q 0 0 0 rg BT 456.57 641.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 497.99 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.19 641.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 548.07 641.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (premium ) Tj ET Q q 0 0 0 rg BT 88.10 629.10 Td (on ) Tj ET Q q 0 0 0 rg BT 100.60 629.10 Td (our ) Tj ET Q q 0 0 0 rg BT 116.43 629.10 Td (senior ) Tj ET Q q 0 0 0 rg BT 143.37 629.10 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 197.53 629.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 219.74 629.10 Td (is ) Tj ET Q q 0 0 0 rg BT 228.91 629.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 262.51 629.10 Td (over ) Tj ET Q q 0 0 0 rg BT 282.78 629.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.49 629.10 Td (next ) Tj ET Q q 0 0 0 rg BT 317.21 629.10 Td (five ) Tj ET Q q 0 0 0 rg BT 335.26 629.10 Td (years ) Tj ET Q q 0 0 0 rg BT 358.86 629.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.79 629.10 Td (thereafter ) Tj ET Q q 0 0 0 rg BT 416.59 629.10 Td (as ) Tj ET Q q 0 0 0 rg BT 427.42 629.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 603.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 603.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 603.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 573.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 573.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 573.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 543.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 543.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 543.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 513.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 513.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 513.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 603.6 m 493 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 603.6 m 562 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 603.6 m 493 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 603.6 m 562 603.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 513.6 m 562 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 499.6 m 562 499.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 497.6 m 562 497.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 608.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 608.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 593.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 593.27 Td (33,014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 578.27 Td (33,966) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 563.27 Td (328,407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 548.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 548.27 Td (16,145) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 533.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 533.27 Td (845,422) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 518.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 518.27 Td (1,522,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 503.27 Td (Total indebtedness) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 503.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 503.27 Td (2,779,911) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 499.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (Note 5. Income ) Tj ET Q q 0 0 0 rg BT 115.97 475.10 Td (T) Tj ET Q q 0 0 0 rg BT 121.72 475.10 Td (axes) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 451.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.55 451.10 Td (income ) Tj ET Q q 0 0 0 rg BT 117.49 451.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 132.20 451.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 172.48 451.10 Td (\(benefit\) ) Tj ET Q q 0 0 0 rg BT 209.40 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.57 451.10 Td (as ) Tj ET Q q 0 0 0 rg BT 229.40 451.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 414.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 414.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 414.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 414.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 414.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 384.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 384.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 384.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 384.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 384.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 384.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 384.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 354.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 354.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 354.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 354.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 354.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 324.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 324.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 324.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 324.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 324.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 294.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 294.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 294.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 294.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 427.6 m 423.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 427.6 m 427.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 427.6 m 492.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 427.6 m 496.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 427.6 m 561.5 427.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 414.6 m 354.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 414.6 m 423.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 414.6 m 492.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 414.6 m 561.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 414.6 m 354.5 414.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 369.6 m 423.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 369.6 m 492.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 369.6 m 561.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 369.6 m 423.5 369.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 354.6 m 423.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 354.6 m 492.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 354.6 m 561.5 354.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 294.6 m 423.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 294.6 m 492.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 294.6 m 561.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 294.6 m 423.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 279.6 m 423.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 294.6 m 492.5 294.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 279.6 m 492.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 279.6 m 561.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 279.6 m 423.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 265.6 m 423.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 263.6 m 423.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 279.6 m 492.5 279.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 265.6 m 492.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 263.6 m 492.5 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 265.6 m 561.5 265.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 263.6 m 561.5 263.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 431.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 431.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 418.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 418.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 418.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 418.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 404.27 Td (Current income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 404.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 404.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 404.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 389.27 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 389.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 389.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 389.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 389.32 Td (\(8,515) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 389.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 389.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 389.32 Td (\(42,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 389.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 374.27 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 374.32 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 374.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 473.65 374.27 Td (160) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 539.30 374.32 Td (\(407) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 374.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 359.27 Td (Total current income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 359.32 Td (\(785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 359.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 359.32 Td (\(8,355) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 359.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 359.32 Td (\(42,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 359.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 329.27 Td (Deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 329.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 329.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 329.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 314.27 Td (Federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 314.32 Td (\(521,519) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 314.32 Td (\(1,853,517) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 314.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 314.27 Td (400,544) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 299.27 Td (State) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 299.32 Td (\(21,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 299.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 299.32 Td (\(78,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 299.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 299.27 Td (29,429) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 284.27 Td (Total deferred income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 284.32 Td (\(543,385) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 284.32 Td (\(1,932,179) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 284.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 284.27 Td (429,973) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.00 269.27 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 269.32 Td (\(544,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 269.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 269.32 Td (\(1,940,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 269.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 269.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 269.27 Td (387,066) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 241.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 80.21 241.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 139.00 241.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.00 241.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.21 241.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.58 241.10 Td (had ) Tj ET Q q 0 0 0 rg BT 195.73 241.10 Td (tax-ef) Tj ET Q q 0 0 0 rg BT 218.86 241.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.00 241.10 Td (federal ) Tj ET Q q 0 0 0 rg BT 276.46 241.10 Td (net ) Tj ET Q q 0 0 0 rg BT 291.38 241.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 331.86 241.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 350.13 241.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 408.92 241.10 Td (\(NOLs\) ) Tj ET Q q 0 0 0 rg BT 451.60 241.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 484.87 241.10 Td ($27.1 ) Tj ET Q q 0 0 0 rg BT 510.07 241.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 538.97 241.10 Td (, ) Tj ET Q q 0 0 0 rg BT 544.17 241.10 Td (state ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 77.32 229.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 111.24 229.10 Td ($42.6 ) Tj ET Q q 0 0 0 rg BT 137.11 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.01 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 169.38 229.10 Td (\(before ) Tj ET Q q 0 0 0 rg BT 201.62 229.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 242.77 229.10 Td (for ) Tj ET Q q 0 0 0 rg BT 257.80 229.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 298.39 229.10 Td (allowance\), ) Tj ET Q q 0 0 0 rg BT 348.12 229.10 Td (an ) Tj ET Q q 0 0 0 rg BT 360.94 229.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.63 229.10 Td ($51.1 ) Tj ET Q q 0 0 0 rg BT 428.50 229.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.39 229.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.77 229.10 Td (of ) Tj ET Q q 0 0 0 rg BT 472.47 229.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 513.60 229.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 527.53 229.10 Td (recovery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 79.19 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.00 217.10 Td (carry ) Tj ET Q q 0 0 0 rg BT 113.57 217.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 148.25 217.10 Td (related ) Tj ET Q q 0 0 0 rg BT 178.48 217.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.29 217.10 Td (our ) Tj ET Q q 0 0 0 rg BT 205.66 217.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 237.56 217.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 284.75 217.10 Td (an ) Tj ET Q q 0 0 0 rg BT 297.22 217.10 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.57 217.10 Td ($21.6 ) Tj ET Q q 0 0 0 rg BT 364.10 217.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.00 217.10 Td ( ) Tj ET Q q 0 0 0 rg BT 396.03 217.10 Td (of ) Tj ET Q q 0 0 0 rg BT 407.39 217.10 Td (research ) Tj ET Q q 0 0 0 rg BT 443.73 217.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.20 217.10 Td (development ) Tj ET Q q 0 0 0 rg BT 515.88 217.10 Td (credits, ) Tj ET Q q 0 0 0 rg BT 548.07 217.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td ($41.1 ) Tj ET Q q 0 0 0 rg BT 74.33 205.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.22 205.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.54 205.10 Td (of ) Tj ET Q q 0 0 0 rg BT 116.20 205.10 Td (alternative ) Tj ET Q q 0 0 0 rg BT 160.73 205.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 201.94 205.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 216.49 205.10 Td (credits.Our ) Tj ET Q q 0 0 0 rg BT 268.52 205.10 Td (state ) Tj ET Q q 0 0 0 rg BT 289.17 205.10 Td (NOLs ) Tj ET Q q 0 0 0 rg BT 315.94 205.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 343.25 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 353.36 205.10 Td (various ) Tj ET Q q 0 0 0 rg BT 385.13 205.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 411.05 205.10 Td (starting ) Tj ET Q q 0 0 0 rg BT 443.37 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 453.48 205.10 Td (2019, ) Tj ET Q q 0 0 0 rg BT 478.30 205.10 Td (although ) Tj ET Q q 0 0 0 rg BT 515.63 205.10 Td (most ) Tj ET Q q 0 0 0 rg BT 537.40 205.10 Td (do ) Tj ET Q q 0 0 0 rg BT 549.73 205.10 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 74.24 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 84.53 193.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 112.04 193.10 Td (until ) Tj ET Q q 0 0 0 rg BT 132.89 193.10 Td (2036. ) Tj ET Q q 0 0 0 rg BT 157.91 193.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.43 193.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 178.50 193.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 218.77 193.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 231.84 193.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 269.34 193.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 298.51 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 315.47 193.10 Td (research ) Tj ET Q q 0 0 0 rg BT 351.29 193.10 Td (and ) Tj ET Q q 0 0 0 rg BT 368.25 193.10 Td (development ) Tj ET Q q 0 0 0 rg BT 422.42 193.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 451.59 193.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.67 193.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 494.40 193.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.70 193.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 532.21 193.10 Td (in ) Tj ET Q q 0 0 0 rg BT 542.50 193.10 Td (2023 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 181.10 Td (2031, ) Tj ET Q q 0 0 0 rg BT 91.44 181.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 139.10 181.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 157.10 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 105.53 157.10 Td (income ) Tj ET Q q 0 0 0 rg BT 137.48 157.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 160.53 157.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 188.57 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.29 157.10 Td (available ) Tj ET Q q 0 0 0 rg BT 241.89 157.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 256.61 157.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 315.20 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.15 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.87 157.10 Td (temporary ) Tj ET Q q 0 0 0 rg BT 390.47 157.10 Td (dif) Tj ET Q q 0 0 0 rg BT 401.40 157.10 Td (ferences ) Tj ET Q q 0 0 0 rg BT 437.21 157.10 Td (based ) Tj ET Q q 0 0 0 rg BT 462.49 157.10 Td (on ) Tj ET Q q 0 0 0 rg BT 475.00 157.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 489.72 157.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 510.56 157.10 Td (and ) Tj ET Q q 0 0 0 rg BT 527.50 157.10 Td (statutory ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 70.28 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 79.96 145.10 Td (ef) Tj ET Q q 0 0 0 rg BT 87.55 145.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 104.44 145.10 Td (at ) Tj ET Q q 0 0 0 rg BT 113.56 145.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.68 145.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 185.67 145.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.67 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 207.58 145.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.92 145.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 243.92 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.82 145.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 278.26 145.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 300.71 145.10 Td (dates.) Tj ET Q q 0 0 0 rg BT 328.21 145.10 Td (As ) Tj ET Q q 0 0 0 rg BT 341.22 145.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.46 145.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 409.45 145.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 429.45 145.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.85 145.10 Td (we ) Tj ET Q q 0 0 0 rg BT 447.42 145.10 Td (had ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.76 145.10 Td ($36.5 ) Tj ET Q q 0 0 0 rg BT 488.16 145.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.05 145.10 Td ( ) Tj ET Q q 0 0 0 rg BT 518.96 145.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.19 145.10 Td (deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 64.06 133.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 89.73 133.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 133.17 133.10 Td (with ) Tj ET Q q 0 0 0 rg BT 153.29 133.10 Td (State ) Tj ET Q q 0 0 0 rg BT 175.63 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.30 133.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 228.08 133.10 Td (net ) Tj ET Q q 0 0 0 rg BT 242.64 133.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 282.74 133.10 Td (losses. ) Tj ET Q q 0 0 0 rg BT 311.48 133.10 Td ( ) Tj ET Q q 0 0 0 rg BT 313.30 133.10 Td (As ) Tj ET Q q 0 0 0 rg BT 326.76 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.32 133.10 Td (result ) Tj ET Q q 0 0 0 rg BT 365.88 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 376.55 133.10 Td (falling ) Tj ET Q q 0 0 0 rg BT 405.00 133.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 452.89 133.10 Td (prices, ) Tj ET Q q 0 0 0 rg BT 481.61 133.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 523.39 133.10 Td (with ) Tj ET Q q 0 0 0 rg BT 543.51 133.10 Td (a ) Tj ET Q q 0 0 0 rg BT 550.29 133.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 121.10 Td (law ) Tj ET Q q 0 0 0 rg BT 65.91 121.10 Td (enacted ) Tj ET Q q 0 0 0 rg BT 98.42 121.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.17 121.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.36 121.10 Td (State ) Tj ET Q q 0 0 0 rg BT 144.33 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 154.64 121.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 196.04 121.10 Td (ef) Tj ET Q q 0 0 0 rg BT 203.63 121.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 232.81 121.10 Td (June ) Tj ET Q q 0 0 0 rg BT 253.11 121.10 Td (30, ) Tj ET Q q 0 0 0 rg BT 267.59 121.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 292.06 121.10 Td (which ) Tj ET Q q 0 0 0 rg BT 318.47 121.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 343.23 121.10 Td (a ) Tj ET Q q 0 0 0 rg BT 349.64 121.10 Td (company) Tj ET Q q 0 0 0 rg BT 389.08 121.10 Td (s ) Tj ET Q q 0 0 0 rg BT 394.94 121.10 Td (utilization ) Tj ET Q q 0 0 0 rg BT 437.46 121.10 Td (of ) Tj ET Q q 0 0 0 rg BT 447.77 121.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 476.94 121.10 Td (deductions, ) Tj ET Q q 0 0 0 rg BT 524.74 121.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 109.10 Td (our ) Tj ET Q q 0 0 0 rg BT 64.85 109.10 Td (net ) Tj ET Q q 0 0 0 rg BT 79.08 109.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 118.86 109.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 136.43 109.10 Td (carryforwards, ) Tj ET Q q 0 0 0 rg BT 197.03 109.10 Td (we ) Tj ET Q q 0 0 0 rg BT 210.71 109.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 256.58 109.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 270.82 109.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 310.04 109.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 356.48 109.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.05 109.10 Td ($33.6 ) Tj ET Q q 0 0 0 rg BT 413.57 109.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.46 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 444.47 109.10 Td (during ) Tj ET Q q 0 0 0 rg BT 472.60 109.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 494.61 109.10 Td (and ) Tj ET Q q 0 0 0 rg BT 511.07 109.10 Td (an ) Tj ET Q q 0 0 0 rg BT 522.52 109.10 Td (additional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 97.10 Td ($2.9 ) Tj ET Q q 0 0 0 rg BT 69.15 97.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.04 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 100.20 97.10 Td (during ) Tj ET Q q 0 0 0 rg BT 128.46 97.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 153.11 97.10 Td (which ) Tj ET Q q 0 0 0 rg BT 179.70 97.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 213.50 97.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.87 97.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 263.33 97.10 Td (value ) Tj ET Q q 0 0 0 rg BT 287.14 97.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.63 97.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.11 97.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 348.57 97.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 362.93 97.10 Td (assets. ) Tj ET Q q 0 0 0 rg BT 390.92 97.10 Td ( ) Tj ET Q q 0 0 0 rg BT 392.91 97.10 Td (The ) Tj ET Q q 0 0 0 rg BT 410.61 97.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 449.98 97.10 Td (allowances ) Tj ET Q q 0 0 0 rg BT 496.55 97.10 Td (will ) Tj ET Q q 0 0 0 rg BT 514.26 97.10 Td (remain ) Tj ET Q q 0 0 0 rg BT 544.18 97.10 Td (until ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 85.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 85.10 Td (realization ) Tj ET Q q 0 0 0 rg BT 108.91 85.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.74 85.10 Td (future ) Tj ET Q q 0 0 0 rg BT 146.12 85.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 181.93 85.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 196.64 85.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 230.80 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 245.51 85.10 Td (more ) Tj ET Q q 0 0 0 rg BT 268.55 85.10 Td (likely ) Tj ET Q q 0 0 0 rg BT 293.83 85.10 Td (than ) Tj ET Q q 0 0 0 rg BT 313.54 85.10 Td (not ) Tj ET Q q 0 0 0 rg BT 328.82 85.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.10 85.10 Td (become ) Tj ET Q q 0 0 0 rg BT 372.69 85.10 Td (utilized.) Tj ET Q endstream endobj 173 0 obj <> endobj 174 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (86) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (As ) Tj ET Q q 0 0 0 rg BT 82.06 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.85 713.10 Td (December ) Tj ET Q q 0 0 0 rg BT 138.38 713.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 154.33 713.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 180.28 713.10 Td (we ) Tj ET Q q 0 0 0 rg BT 195.39 713.10 Td (had ) Tj ET Q q 0 0 0 rg BT 213.28 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 226.17 713.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 283.49 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 299.16 713.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 330.37 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 713.10 Td ($5.4 ) Tj ET Q q 0 0 0 rg BT 363.10 713.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.99 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 395.45 713.10 Td (related ) Tj ET Q q 0 0 0 rg BT 426.10 713.10 Td (to ) Tj ET Q q 0 0 0 rg BT 437.33 713.10 Td (an ) Tj ET Q q 0 0 0 rg BT 450.22 713.10 Td (uncertain ) Tj ET Q q 0 0 0 rg BT 490.87 713.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 506.54 713.10 Td (position. ) Tj ET Q q 0 0 0 rg BT 546.97 713.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 106.16 701.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 121.18 701.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 151.75 701.10 Td (was ) Tj ET Q q 0 0 0 rg BT 170.10 701.10 Td (recorded ) Tj ET Q q 0 0 0 rg BT 207.88 701.10 Td (during ) Tj ET Q q 0 0 0 rg BT 236.79 701.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 259.59 701.10 Td (as ) Tj ET Q 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0.8 0.8 0.8 rg /GS0 gs 424.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 322.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 292.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 292.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 292.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 292.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 545.6 m 493 545.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 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0 d 0 J 0 j 3 M 497 277.6 m 562 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 277.6 m 493 277.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 263.6 m 493 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 261.6 m 493 261.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 263.6 m 562 263.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 261.6 m 562 261.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 549.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 549.17 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 536.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 536.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 536.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.27 Td (Deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 522.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 522.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 507.27 Td (Loss carryforwards federal) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 507.27 Td (27,078) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 507.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 507.27 Td (52,580) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 492.27 Td (Loss carryforwards state) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 492.27 Td (42,625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 492.27 Td (37,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 477.27 Td (Tax credit carryover) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 477.27 Td (41,132) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 477.27 Td (34,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 462.27 Td (Business credit carryforwards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 462.27 Td (72,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 462.27 Td (70,452) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 447.27 Td (Derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 447.27 Td (27,261) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 447.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 432.27 Td (Stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 432.27 Td (10,306) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 432.27 Td (23,468) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 417.27 Td (Unrecognized gain and original issue discount on debt exchange) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 417.27 Td (106,321) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 417.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 402.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 402.27 Td (38,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 402.27 Td (34,236) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 387.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 387.32 Td (\(36,510) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 387.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 387.32 Td (\(33,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 387.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 372.27 Td (Total deferred tax assets) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 372.27 Td (329,795) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 372.27 Td (219,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 342.27 Td (Deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 327.27 Td (Property and equipment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 327.32 Td (\(619,923) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 327.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 327.32 Td (\(1,004,330) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 327.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 312.27 Td (Derivative contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 312.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 312.32 Td (\(50,081) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 312.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 297.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 463.30 297.32 Td (\(3,750) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 297.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 297.32 Td (\(16,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 297.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 282.27 Td (Total deferred tax liabilities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 282.32 Td (\(623,673) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.80 282.32 Td (\(1,071,237) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 282.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 267.27 Td (Total net deferred tax liability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 267.32 Td (\(293,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 267.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 267.32 Td (\(852,089) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 267.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 239.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.45 239.10 Td (reconciliation ) Tj ET Q q 0 0 0 rg BT 142.82 239.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.55 239.10 Td (income ) Tj ET Q q 0 0 0 rg BT 185.38 239.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 200.00 239.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 234.60 239.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 276.43 239.10 Td (by ) Tj ET Q q 0 0 0 rg BT 288.83 239.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 326.22 239.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.83 239.10 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 361.02 239.10 Td (federal 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190.60 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 190.60 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 190.60 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 190.60 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 190.60 65.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 150.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 150.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 150.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 150.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 150.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 120.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 120.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 120.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 120.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 120.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 90.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 90.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 90.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 90.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 203.60000000000002 m 423.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 203.60000000000002 m 427.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 203.60000000000002 m 492.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 203.60000000000002 m 496.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 203.60000000000002 m 561.5 203.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 190.60000000000002 m 354.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 190.60000000000002 m 423.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 190.60000000000002 m 492.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 190.60000000000002 m 561.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 190.60000000000002 m 354.5 190.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 90.60000000000002 m 423.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 90.60000000000002 m 492.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 90.60000000000002 m 561.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 90.60000000000002 m 423.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 76.60000000000002 m 423.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 74.60000000000002 m 423.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 90.60000000000002 m 492.5 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 76.60000000000002 m 492.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 74.60000000000002 m 492.5 74.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 76.60000000000002 m 561.5 76.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 74.60000000000002 m 561.5 74.60000000000002 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 207.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 207.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 194.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 194.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 194.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 194.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 180.27 Td (Income tax provision \(benefit\) calculated using the federal statutory) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 170.27 Td (income tax rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 170.32 Td (\(532,121) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 170.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 170.32 Td (\(2,214,094) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 170.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 170.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 170.27 Td (357,895) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 155.27 Td (State income taxes, net of federal income tax benefit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 155.32 Td (\(25,351) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 155.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 155.32 Td (\(117,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 155.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 155.27 Td (25,368) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 140.27 Td (Impairment of goodwill with no related tax basis) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 140.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 140.27 Td (363,666) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 140.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 125.27 Td (Tax shortfall on stock-based compensation deduction) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 125.27 Td (9,557) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 125.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 125.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 110.27 Td (Valuation allowance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 110.27 Td (2,910) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 110.27 Td (33,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 110.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 95.27 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 95.27 Td (835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 95.32 Td (\(6,082) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 95.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 95.27 Td (3,803) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 80.27 Td (Total income tax expense \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 80.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 80.32 Td (\(544,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 80.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 80.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 80.32 Td (\(1,940,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 80.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 80.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 80.27 Td (387,066) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 64.10 Td () Tj ET Q endstream endobj 175 0 obj <> endobj 176 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (87) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 713.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.83 713.10 Td (file ) Tj ET Q q 0 0 0 rg BT 100.41 713.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 154.20 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.90 713.10 Td (separate ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 653.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 653.10 Td (6. ) Tj ET Q q 0 0 0 rg BT 81.99 653.10 Td (Stockholders) Tj ET Q q 0 0 0 rg BT 140.14 653.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.64 653.10 Td (Equity) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 79.22 629.10 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 84.32 605.10 Td (of) Tj ET Q q 0 0 0 rg BT 92.47 605.10 Td (fer ) Tj ET Q q 0 0 0 rg BT 107.31 605.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.49 605.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 145.89 605.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 166.85 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 178.37 605.10 Td (which ) Tj ET Q q 0 0 0 rg BT 206.56 605.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 253.06 605.10 Td (may ) Tj ET Q q 0 0 0 rg BT 274.02 605.10 Td (contribute ) Tj ET Q q 0 0 0 rg BT 318.31 605.10 Td (earnings ) Tj ET Q q 0 0 0 rg BT 355.93 605.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 387.99 605.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.51 605.10 Td (IRS ) Tj ET Q q 0 0 0 rg BT 418.82 605.10 Td (limitations.) Tj ET Q q 0 0 0 rg BT 468.92 605.10 Td (W) Tj ET Q q 0 0 0 rg BT 477.55 605.10 Td (e ) Tj ET Q q 0 0 0 rg BT 485.73 605.10 Td (match ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.91 605.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.24 605.10 Td ( ) Tj ET Q q 0 0 0 rg BT 540.98 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.06 605.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 593.10 Td (employee) Tj ET Q q 0 0 0 rg BT 91.15 593.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.24 593.10 Td (contribution, ) Tj ET Q q 0 0 0 rg BT 150.82 593.10 Td (up ) Tj ET Q q 0 0 0 rg BT 163.02 593.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.00 593.10 Td (6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.33 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.53 593.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.06 593.10 Td (compensation, ) Tj ET Q q 0 0 0 rg BT 259.30 593.10 Td (as ) Tj ET Q q 0 0 0 rg BT 269.83 593.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 302.02 593.10 Td (by ) Tj ET Q q 0 0 0 rg BT 314.22 593.10 Td (the ) Tj ET Q q 0 0 0 rg BT 328.63 593.10 Td (plan, ) Tj ET Q q 0 0 0 rg BT 350.55 593.10 Td (which ) Tj ET Q q 0 0 0 rg BT 377.19 593.10 Td (is ) Tj ET Q q 0 0 0 rg BT 386.06 593.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 413.80 593.10 Td (immediately) Tj ET Q q 0 0 0 rg BT 463.14 593.10 Td (.During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.17 593.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.17 593.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.87 593.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.87 593.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 593.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 581.10 Td (, ) Tj ET Q q 0 0 0 rg BT 73.90 581.10 Td (our ) Tj ET Q q 0 0 0 rg BT 89.14 581.10 Td (matching ) Tj ET Q q 0 0 0 rg BT 128.25 581.10 Td (contributions ) Tj ET Q q 0 0 0 rg BT 182.93 581.10 Td (to ) Tj ET Q q 0 0 0 rg BT 192.61 581.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.73 581.10 Td (401\(k\) ) Tj ET Q q 0 0 0 rg BT 235.29 581.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 254.41 581.10 Td (were ) Tj ET Q q 0 0 0 rg BT 275.75 581.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.41 581.10 Td ($7.7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.91 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 354.81 581.10 Td (million, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.11 581.10 Td ($10.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.61 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 412.51 581.10 Td (million ) Tj ET Q q 0 0 0 rg BT 443.30 581.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.65 581.10 Td ($9.9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.15 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.05 581.10 Td (million, ) Tj ET Q q 0 0 0 rg BT 512.34 581.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 560.01 581.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 557.10 Td (2015 Retir) Tj ET Q q 0 0 0 rg BT 94.03 557.10 Td (ement of ) Tj ET Q q 0 0 0 rg BT 133.27 557.10 Td (T) Tj ET Q q 0 0 0 rg BT 139.20 557.10 Td (r) Tj ET Q q 0 0 0 rg BT 143.46 557.10 Td (easury Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 533.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.78 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.95 533.10 Td (year ) Tj ET Q q 0 0 0 rg BT 134.11 533.10 Td (ended ) Tj ET Q q 0 0 0 rg BT 160.93 533.10 Td (December ) Tj ET Q q 0 0 0 rg BT 204.97 533.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 220.42 533.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 245.87 533.10 Td (we ) Tj ET Q q 0 0 0 rg BT 260.48 533.10 Td (retired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.07 533.10 Td (60.0 ) Tj ET Q q 0 0 0 rg BT 309.52 533.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 338.42 533.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 368.86 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.14 533.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 414.75 533.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 449.91 533.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 476.47 533.10 Td (with ) Tj ET Q q 0 0 0 rg BT 497.20 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 504.59 533.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 540.85 533.10 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.33 521.10 Td ($884.1 ) Tj ET Q q 0 0 0 rg BT 90.27 521.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 119.16 521.10 Td (, ) Tj ET Q q 0 0 0 rg BT 124.10 521.10 Td (acquired ) Tj ET Q q 0 0 0 rg BT 160.96 521.10 Td (principally ) Tj ET Q q 0 0 0 rg BT 206.72 521.10 Td (through ) Tj ET Q q 0 0 0 rg BT 240.26 521.10 Td (our ) Tj ET Q q 0 0 0 rg BT 256.03 521.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 279.58 521.10 Td (repurchase ) Tj ET Q q 0 0 0 rg BT 325.32 521.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 364.14 521.10 Td ( ) Tj ET Q q 0 0 0 rg BT 366.40 521.10 Td (These ) Tj ET Q q 0 0 0 rg BT 392.71 521.10 Td (retired ) Tj ET Q q 0 0 0 rg BT 421.25 521.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 448.67 521.10 Td (are ) Tj ET Q q 0 0 0 rg BT 463.32 521.10 Td (now ) Tj ET Q q 0 0 0 rg BT 482.98 521.10 Td (included ) Tj ET Q q 0 0 0 rg BT 519.85 521.10 Td (in ) Tj ET Q q 0 0 0 rg BT 530.07 521.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.72 521.10 Td (pool ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.85 509.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 106.07 509.10 Td (but ) Tj ET Q q 0 0 0 rg BT 121.87 509.10 Td (unissued ) Tj ET Q q 0 0 0 rg BT 159.89 509.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 190.40 509.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.42 509.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 211.99 509.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 258.88 509.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 286.90 509.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 309.92 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.16 509.10 Td (retirement ) Tj ET Q q 0 0 0 rg BT 369.27 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.62 509.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 415.84 509.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 439.97 509.10 Td (is ) Tj ET Q q 0 0 0 rg BT 449.66 509.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.46 509.10 Td (deduct ) Tj ET Q q 0 0 0 rg BT 490.13 509.10 Td (its ) Tj ET Q q 0 0 0 rg BT 502.60 509.10 Td (par ) Tj ET Q q 0 0 0 rg BT 518.39 509.10 Td (value ) Tj ET Q q 0 0 0 rg BT 543.07 509.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (common ) Tj ET Q q 0 0 0 rg BT 87.00 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.60 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 127.54 497.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 156.69 497.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 199.18 497.10 Td (paid-in ) Tj ET Q q 0 0 0 rg BT 230.00 497.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 259.15 497.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.65 497.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.37 497.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 314.97 497.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 347.46 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.29 497.10 Td (treasury ) Tj ET Q q 0 0 0 rg BT 393.00 497.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 416.61 497.10 Td (retired.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 473.10 Td (Dividends Declar) Tj ET Q q 0 0 0 rg BT 122.93 473.10 Td (ed During 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.48 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.34 449.10 Td (first ) Tj ET Q q 0 0 0 rg BT 132.10 449.10 Td (three ) Tj ET Q q 0 0 0 rg BT 154.73 449.10 Td (quarters ) Tj ET Q q 0 0 0 rg BT 189.59 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 200.57 449.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 225.71 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.58 449.10 Td (Company) Tj ET Q q 0 0 0 rg BT 282.24 449.10 Td (s ) Tj ET Q q 0 0 0 rg BT 288.78 449.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 315.87 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 326.85 449.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 366.70 449.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 403.21 449.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 441.95 449.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 462.37 449.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 503.91 449.10 Td (of) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.74 449.10 Td ($0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.24 449.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 437.10 Td (common ) Tj ET Q q 0 0 0 rg BT 86.09 437.10 Td (share, ) Tj ET Q q 0 0 0 rg BT 111.29 437.10 Td (with ) Tj ET Q q 0 0 0 rg BT 130.66 437.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 171.15 437.10 Td (totaling ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.29 437.10 Td ($65.4 ) Tj ET Q q 0 0 0 rg BT 227.39 437.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 256.28 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.88 437.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 276.69 437.10 Td (to ) Tj ET Q q 0 0 0 rg BT 286.07 437.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 338.21 437.10 Td (during ) Tj ET Q q 0 0 0 rg BT 365.92 437.10 Td (the ) Tj ET Q q 0 0 0 rg BT 379.73 437.10 Td (year ) Tj ET Q q 0 0 0 rg BT 398.53 437.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 427.35 437.10 Td (December ) Tj ET Q q 0 0 0 rg BT 470.03 437.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 484.12 437.10 Td (2015. ) Tj ET Q q 0 0 0 rg BT 508.22 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 509.82 437.10 Td (In ) Tj ET Q q 0 0 0 rg BT 519.74 437.10 Td (September ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 425.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 75.11 425.10 Td (in ) Tj ET Q q 0 0 0 rg BT 85.99 425.10 Td (light ) Tj ET Q q 0 0 0 rg BT 107.43 425.10 Td (of ) Tj ET Q q 0 0 0 rg BT 118.87 425.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.19 425.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 180.07 425.10 Td (low ) Tj ET Q q 0 0 0 rg BT 198.17 425.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 211.83 425.10 Td (price ) Tj ET Q q 0 0 0 rg BT 234.92 425.10 Td (environment ) Tj ET Q q 0 0 0 rg BT 288.57 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.12 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 322.55 425.10 Td (desire ) Tj ET Q q 0 0 0 rg BT 349.53 425.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.42 425.10 Td (maintain ) Tj ET Q q 0 0 0 rg BT 398.51 425.10 Td (our ) Tj ET Q q 0 0 0 rg BT 414.95 425.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 453.04 425.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 488.36 425.10 Td (and ) Tj ET Q q 0 0 0 rg BT 505.90 425.10 Td (flexibility) Tj ET Q q 0 0 0 rg BT 544.69 425.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.30 425.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (Company) Tj ET Q q 0 0 0 rg BT 91.17 413.10 Td (s ) Tj ET Q q 0 0 0 rg BT 97.56 413.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 124.50 413.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.33 413.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 175.03 413.10 Td (suspended ) Tj ET Q q 0 0 0 rg BT 219.19 413.10 Td (our ) Tj ET Q q 0 0 0 rg BT 235.02 413.10 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 273.62 413.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 293.88 413.10 Td (dividend.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 389.10 Td (7. ) Tj ET Q q 0 0 0 rg BT 81.99 389.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 108.38 389.10 Td (Compensation) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 365.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.17 365.10 Td (Amended ) Tj ET Q q 0 0 0 rg BT 126.78 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 143.95 365.10 Td (Restated ) Tj ET Q q 0 0 0 rg BT 181.11 365.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 203.84 365.10 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 243.23 365.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 268.74 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 285.91 365.10 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 325.84 365.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 348.85 365.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 387.67 365.10 Td (and ) Tj ET Q q 0 0 0 rg BT 404.83 365.10 Td (restated ) Tj ET Q q 0 0 0 rg BT 438.66 365.10 Td (as ) Tj ET Q q 0 0 0 rg BT 449.72 365.10 Td (of ) Tj ET Q q 0 0 0 rg BT 460.77 365.10 Td (May ) Tj ET Q q 0 0 0 rg BT 481.83 365.10 Td (24, ) Tj ET Q q 0 0 0 rg BT 497.06 365.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 519.79 365.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 538.07 365.10 Td (2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.10 Td (Plan\), ) Tj ET Q q 0 0 0 rg BT 80.45 353.10 Td (is ) Tj ET Q q 0 0 0 rg BT 90.03 353.10 Td (an ) Tj ET Q q 0 0 0 rg BT 102.38 353.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 141.93 353.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 162.06 353.10 Td (that ) Tj ET Q q 0 0 0 rg BT 179.96 353.10 Td (provides ) Tj ET Q q 0 0 0 rg BT 217.30 353.10 Td (for ) Tj ET Q q 0 0 0 rg BT 231.87 353.10 Td (the ) Tj ET Q q 0 0 0 rg BT 246.99 353.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 283.78 353.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.01 353.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 334.57 353.10 Td (and ) Tj ET Q q 0 0 0 rg BT 351.92 353.10 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 408.70 353.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 432.71 353.10 Td (options, ) Tj ET Q q 0 0 0 rg BT 467.57 353.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 507.67 353.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 531.69 353.10 Td (awards, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 89.08 341.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 112.56 341.10 Td (units, ) Tj ET Q q 0 0 0 rg BT 136.89 341.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 162.61 341.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 191.09 341.10 Td (in ) Tj ET Q q 0 0 0 rg BT 201.25 341.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 227.23 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 244.05 341.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 323.05 341.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 353.74 341.10 Td (to ) Tj ET Q q 0 0 0 rg BT 363.90 341.10 Td (of) Tj ET Q q 0 0 0 rg BT 372.05 341.10 Td (ficers, ) Tj ET Q q 0 0 0 rg BT 399.13 341.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 444.27 341.10 Td (and ) Tj ET Q q 0 0 0 rg BT 461.09 341.10 Td (directors. ) Tj ET Q q 0 0 0 rg BT 500.95 341.10 Td ( ) Tj ET Q q 0 0 0 rg BT 503.33 341.10 Td (Since ) Tj ET Q q 0 0 0 rg BT 527.92 341.10 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 341.10 Td (2004 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 329.10 Td (Plan) Tj ET Q q 0 0 0 rg BT 70.06 329.10 Td (s ) Tj ET Q q 0 0 0 rg BT 76.66 329.10 Td (inception, ) Tj ET Q q 0 0 0 rg BT 119.08 329.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 150.11 329.10 Td (covering ) Tj ET Q q 0 0 0 rg BT 187.80 329.10 Td (a ) Tj ET Q q 0 0 0 rg BT 194.95 329.10 Td (total ) Tj ET Q q 0 0 0 rg BT 215.43 329.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 226.47 329.10 Td (44.5 ) Tj ET Q q 0 0 0 rg BT 246.68 329.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.57 329.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.28 329.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 305.98 329.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.02 329.10 Td (common ) Tj ET Q q 0 0 0 rg BT 354.72 329.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 378.54 329.10 Td (have ) Tj ET Q q 0 0 0 rg BT 400.13 329.10 Td (been ) Tj ET Q q 0 0 0 rg BT 421.71 329.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 466.62 329.10 Td (for ) Tj ET Q q 0 0 0 rg BT 480.99 329.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 517.58 329.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 554.73 329.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.96 317.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 86.20 317.10 Td (Plan.) Tj ET Q q 0 0 0 rg BT 110.93 317.10 Td (As ) Tj ET Q q 0 0 0 rg BT 124.28 317.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.85 317.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 193.18 317.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.18 317.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.92 317.10 Td (9.7 ) Tj ET Q q 0 0 0 rg BT 232.66 317.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 261.55 317.10 Td ( ) Tj ET Q q 0 0 0 rg BT 263.79 317.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 291.02 317.10 Td (were ) Tj ET Q q 0 0 0 rg BT 312.69 317.10 Td (available ) Tj ET Q q 0 0 0 rg BT 351.02 317.10 Td (under ) Tj ET Q q 0 0 0 rg BT 376.03 317.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.49 317.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 412.73 317.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 432.75 317.10 Td (for ) Tj ET Q q 0 0 0 rg BT 446.65 317.10 Td (future ) Tj ET Q q 0 0 0 rg BT 472.77 317.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 508.89 317.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.46 317.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 552.52 317.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.68 305.10 Td (which ) Tj ET Q q 0 0 0 rg BT 87.97 305.10 Td (could ) Tj ET Q q 0 0 0 rg BT 113.03 305.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.32 305.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 153.17 305.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.80 305.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.86 305.10 Td (form ) Tj ET Q q 0 0 0 rg BT 201.15 305.10 Td (of ) Tj ET Q q 0 0 0 rg BT 212.33 305.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 252.38 305.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 276.34 305.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.52 305.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 366.99 305.10 Td (awards.Our ) Tj ET Q q 0 0 0 rg BT 421.21 305.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 460.71 305.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 519.10 305.10 Td (program ) Tj ET Q q 0 0 0 rg BT 555.83 305.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 293.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 103.74 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 116.32 293.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.12 293.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 191.48 293.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 238.51 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.42 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 265.34 293.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 292.36 293.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.28 293.10 Td (Directors. ) Tj ET Q q 0 0 0 rg BT 345.57 293.10 Td ( ) Tj ET Q q 0 0 0 rg BT 347.97 293.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.10 293.10 Td (2004 ) Tj ET Q q 0 0 0 rg BT 388.69 293.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 409.05 293.10 Td (was ) Tj ET Q q 0 0 0 rg BT 427.19 293.10 Td (last ) Tj ET Q q 0 0 0 rg BT 443.66 293.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 483.45 293.10 Td (by ) Tj ET Q q 0 0 0 rg BT 496.04 293.10 Td (our ) Tj ET Q q 0 0 0 rg BT 511.95 293.10 Td (stockholders ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 281.10 Td (May ) Tj ET Q q 0 0 0 rg BT 80.61 281.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 103.11 281.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.05 281.10 Td (will ) Tj ET Q q 0 0 0 rg BT 138.10 281.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 165.59 281.10 Td (in ) Tj ET Q q 0 0 0 rg BT 175.87 281.10 Td (May ) Tj ET Q q 0 0 0 rg BT 196.70 281.10 Td (2026.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 257.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 118.18 257.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 175.53 257.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 209.55 257.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 252.45 257.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.03 257.10 Td (our ) Tj ET Q q 0 0 0 rg BT 287.17 257.10 Td (field ) Tj ET Q q 0 0 0 rg BT 307.30 257.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 351.87 257.10 Td (is ) Tj ET Q q 0 0 0 rg BT 360.35 257.10 Td (included ) Tj ET Q q 0 0 0 rg BT 396.59 257.10 Td (in ) Tj ET Q q 0 0 0 rg BT 406.17 257.10 Td (Lease ) Tj ET Q q 0 0 0 rg BT 435.73 257.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 475.30 257.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 520.15 257.10 Td (while ) Tj ET Q q 0 0 0 rg BT 544.17 257.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 245.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 83.62 245.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 126.63 245.10 Td (with ) Tj ET Q q 0 0 0 rg BT 146.32 245.10 Td (non-field ) Tj ET Q q 0 0 0 rg BT 184.89 245.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 229.57 245.10 Td (is ) Tj ET Q q 0 0 0 rg BT 238.15 245.10 Td (included ) Tj ET Q q 0 0 0 rg BT 274.50 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 284.19 245.10 Td (General ) Tj ET Q q 0 0 0 rg BT 322.19 245.10 Td (and ) Tj ET Q q 0 0 0 rg BT 338.54 245.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 397.66 245.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 440.12 245.10 Td (in ) Tj ET Q q 0 0 0 rg BT 449.81 245.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.94 245.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 518.63 245.10 Td (Statements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.10 Td (of ) Tj ET Q q 0 0 0 rg BT 62.36 233.10 Td (Operations.Stock-based ) Tj ET Q q 0 0 0 rg BT 167.15 233.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 227.23 233.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 272.86 233.10 Td (with ) Tj ET Q q 0 0 0 rg BT 295.17 233.10 Td (our ) Tj ET Q q 0 0 0 rg BT 313.03 233.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 360.33 233.10 Td (involved ) Tj ET Q q 0 0 0 rg BT 399.86 233.10 Td (in ) Tj ET Q q 0 0 0 rg BT 412.17 233.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 462.25 233.10 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 233.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 515.20 233.10 Td (activities ) Tj ET Q q 0 0 0 rg BT 555.83 233.10 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 95.76 221.10 Td (as ) Tj ET Q q 0 0 0 rg BT 107.05 221.10 Td (part ) Tj ET Q q 0 0 0 rg BT 125.56 221.10 Td (of ) Tj ET Q q 0 0 0 rg BT 136.85 221.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 157.02 221.10 Td (and ) Tj ET Q q 0 0 0 rg BT 174.42 221.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 205.14 221.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 221.43 221.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 268.82 221.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.55 221.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.73 221.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 350.46 221.10 Td (Balance ) Tj ET Q q 0 0 0 rg BT 385.62 221.10 Td (Sheets. ) Tj ET Q q 0 0 0 rg BT 417.19 221.10 Td ( ) Tj ET Q q 0 0 0 rg BT 420.15 221.10 Td (Ef) Tj ET Q q 0 0 0 rg BT 429.41 221.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 459.57 221.10 Td (January ) Tj ET Q q 0 0 0 rg BT 493.63 221.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 504.08 221.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 529.54 221.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 221.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.10 Td (adoption ) Tj ET Q q 0 0 0 rg BT 86.90 209.10 Td (of ) Tj ET Q q 0 0 0 rg BT 97.11 209.10 Td (ASU ) Tj ET Q q 0 0 0 rg BT 119.52 209.10 Td (2016-09, ) Tj ET Q q 0 0 0 rg BT 157.76 209.10 Td (we ) Tj ET Q q 0 0 0 rg BT 171.83 209.10 Td (made ) Tj ET Q q 0 0 0 rg BT 195.90 209.10 Td (an ) Tj ET Q q 0 0 0 rg BT 207.74 209.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 254.02 209.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 281.43 209.10 Td (election ) Tj ET Q q 0 0 0 rg BT 315.49 209.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.67 209.10 Td (account ) Tj ET Q q 0 0 0 rg BT 359.18 209.10 Td (for ) Tj ET Q q 0 0 0 rg BT 373.25 209.10 Td (forfeitures ) Tj ET Q q 0 0 0 rg BT 417.30 209.10 Td (as ) Tj ET Q q 0 0 0 rg BT 428.04 209.10 Td (they ) Tj ET Q q 0 0 0 rg BT 447.66 209.10 Td (occur) Tj ET Q q 0 0 0 rg BT 469.47 209.10 Td (, ) Tj ET Q q 0 0 0 rg BT 474.38 209.10 Td (versus ) Tj ET Q q 0 0 0 rg BT 502.34 209.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.96 209.10 Td (previously-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.32 197.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 130.57 197.10 Td (rate.) Tj ET Q endstream endobj 177 0 obj <> endobj 178 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (88) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (Stock-based ) Tj ET Q q 0 0 0 rg BT 118.88 713.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 176.92 713.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 199.42 713.10 Td (for ) Tj ET Q q 0 0 0 rg BT 213.58 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 228.30 713.10 Td (years ) Tj ET Q q 0 0 0 rg BT 251.89 713.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 278.27 713.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 336.86 713.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 356.86 713.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.86 713.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.86 713.10 Td ( ) Tj ET Q q 0 0 0 rg BT 384.36 713.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.29 713.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 421.29 713.10 Td (, ) Tj ET Q q 0 0 0 rg BT 426.29 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 441.00 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.83 713.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 676.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 676.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 676.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 676.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 676.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 646.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 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gs 423.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 586.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 586.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 586.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 689.6 m 423.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 689.6 m 427.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 689.6 m 492.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 689.6 m 496.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 689.6 m 561.5 689.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 676.6 m 354.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 676.6 m 423.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 676.6 m 492.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 676.6 m 561.5 676.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 631.6 m 561.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 631.6 m 423.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 631.6 m 492.5 631.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 601.6 m 423.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 601.6 m 492.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 601.6 m 561.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 601.6 m 423.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 587.6 m 423.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 585.6 m 423.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 601.6 m 492.5 601.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 587.6 m 492.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 585.6 m 492.5 585.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 587.6 m 561.5 587.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 585.6 m 561.5 585.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 693.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 693.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 680.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 680.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 680.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 680.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 666.27 Td (Stock-based compensation expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 666.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 666.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 666.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 651.27 Td (General and administrative expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 651.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 651.27 Td (14,359) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 651.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 651.27 Td (27,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 651.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 651.27 Td (27,789) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 636.27 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 636.27 Td (636) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 636.27 Td (2,609) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 636.27 Td (2,724) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.00 621.27 Td (Total stock-based compensation expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 621.27 Td (14,995) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 621.27 Td (30,604) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 621.27 Td (30,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 606.27 Td (Stock-based compensation capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 606.27 Td (6,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 606.27 Td (8,681) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 606.27 Td (9,019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 591.27 Td (Total cost of stock-based compensation arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 591.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 591.27 Td (21,042) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 591.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 591.27 Td (39,285) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 591.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 591.27 Td (39,532) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 561.27 Td (Income tax benefit recognized for stock-based compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 551.27 Td (arrangements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 551.27 Td (5,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 551.27 Td (11,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 551.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 551.27 Td (11,595) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 523.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.89 523.10 Td (Options ) Tj ET Q q 0 0 0 rg BT 112.29 523.10 Td (and ) Tj ET Q q 0 0 0 rg BT 130.92 523.10 Td (SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 499.10 Td (Prior ) Tj ET Q q 0 0 0 rg BT 89.85 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 99.99 499.10 Td (January ) Tj ET Q q 0 0 0 rg BT 133.44 499.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 143.30 499.10 Td (2006, ) Tj ET Q q 0 0 0 rg BT 168.15 499.10 Td (we ) Tj ET Q q 0 0 0 rg BT 182.17 499.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 214.51 499.10 Td (incentive ) Tj ET Q q 0 0 0 rg BT 253.51 499.10 Td (and ) Tj ET Q q 0 0 0 rg BT 270.31 499.10 Td (non-qualified ) Tj ET Q q 0 0 0 rg BT 326.53 499.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 350.00 499.10 Td (options ) Tj ET Q q 0 0 0 rg BT 381.80 499.10 Td (to ) Tj ET Q q 0 0 0 rg BT 391.93 499.10 Td (our ) Tj ET Q q 0 0 0 rg BT 407.62 499.10 Td (employees.Ef) Tj ET Q q 0 0 0 rg BT 467.14 499.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 496.70 499.10 Td (January ) Tj ET Q q 0 0 0 rg BT 530.15 499.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 540.01 499.10 Td (2006, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 487.10 Td (we ) Tj ET Q q 0 0 0 rg BT 63.28 487.10 Td (replaced ) Tj ET Q q 0 0 0 rg BT 99.27 487.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.61 487.10 Td (use ) Tj ET Q q 0 0 0 rg BT 129.06 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 139.51 487.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 162.75 487.10 Td (options ) Tj ET Q q 0 0 0 rg BT 194.32 487.10 Td (for ) Tj ET Q q 0 0 0 rg BT 208.10 487.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 252.99 487.10 Td (with ) Tj ET Q q 0 0 0 rg BT 272.89 487.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 298.36 487.10 Td (settled ) Tj ET Q q 0 0 0 rg BT 326.58 487.10 Td (in ) Tj ET Q q 0 0 0 rg BT 336.48 487.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 362.22 487.10 Td (as ) Tj ET Q q 0 0 0 rg BT 372.67 487.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 398.14 487.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.47 487.10 Td (less ) Tj ET Q q 0 0 0 rg BT 429.59 487.10 Td (dilutive ) Tj ET Q q 0 0 0 rg BT 462.26 487.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.17 487.10 Td (our ) Tj ET Q q 0 0 0 rg BT 487.62 487.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 540.29 487.10 Td (while ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 475.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 89.74 475.10 Td (an ) Tj ET Q q 0 0 0 rg BT 100.53 475.10 Td (employee ) Tj ET Q q 0 0 0 rg BT 140.75 475.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.89 475.10 Td (essentially ) Tj ET Q q 0 0 0 rg BT 203.45 475.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.02 475.10 Td (same ) Tj ET Q q 0 0 0 rg BT 238.92 475.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 279.14 475.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 312.15 475.10 Td (as ) Tj ET Q q 0 0 0 rg BT 321.83 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 344.29 475.10 Td (options. ) Tj ET Q q 0 0 0 rg BT 377.60 475.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.65 475.10 Td (As ) Tj ET Q q 0 0 0 rg BT 391.12 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.80 475.10 Td (December ) Tj ET Q q 0 0 0 rg BT 443.23 475.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 457.09 475.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 480.94 475.10 Td (we ) Tj ET Q q 0 0 0 rg BT 493.95 475.10 Td (also ) Tj ET Q q 0 0 0 rg BT 511.41 475.10 Td (discontinued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 463.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 463.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 100.59 463.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.42 463.10 Td (SARs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 439.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.14 439.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 108.34 439.10 Td (options ) Tj ET Q q 0 0 0 rg BT 139.88 439.10 Td (and ) Tj ET Q q 0 0 0 rg BT 156.41 439.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 181.85 439.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 221.14 439.10 Td (become ) Tj ET Q q 0 0 0 rg BT 254.33 439.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 301.39 439.10 Td (over ) Tj ET Q q 0 0 0 rg BT 321.25 439.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 327.78 439.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.77 439.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 370.40 439.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 401.38 439.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 431.52 439.10 Td (with ) Tj ET Q q 0 0 0 rg BT 451.39 439.10 Td (the ) Tj ET Q q 0 0 0 rg BT 465.70 439.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 498.88 439.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 523.19 439.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.61 439.10 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 427.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 97.03 427.10 Td (at ) Tj ET Q q 0 0 0 rg BT 106.79 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.55 427.10 Td (time ) Tj ET Q q 0 0 0 rg BT 141.87 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.74 427.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 175.84 427.10 Td (based ) Tj ET Q q 0 0 0 rg BT 201.15 427.10 Td (on ) Tj ET Q q 0 0 0 rg BT 213.70 427.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 257.35 427.10 Td (established ) Tj ET Q q 0 0 0 rg BT 304.32 427.10 Td (by ) Tj ET Q q 0 0 0 rg BT 316.87 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.63 427.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 391.95 427.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 438.93 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 449.81 427.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.57 427.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 491.56 427.10 Td (of ) Tj ET Q q 0 0 0 rg BT 502.43 427.10 Td (Directors.) Tj ET Q q 0 0 0 rg BT 546.96 427.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 72.75 415.10 Td (options ) Tj ET Q q 0 0 0 rg BT 104.33 415.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.91 415.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 146.39 415.10 Td (expire ) Tj ET Q q 0 0 0 rg BT 173.51 415.10 Td (over ) Tj ET Q q 0 0 0 rg BT 193.42 415.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 217.77 415.10 Td (not ) Tj ET Q q 0 0 0 rg BT 232.69 415.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.61 415.10 Td (exceed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 272.50 415.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 284.64 415.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 305.73 415.10 Td ( ) Tj ET Q q 0 0 0 rg BT 307.87 415.10 Td (from ) Tj ET Q q 0 0 0 rg BT 329.45 415.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.80 415.10 Td (date ) Tj ET Q q 0 0 0 rg BT 362.60 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.06 415.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 398.25 415.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 410.39 415.10 Td (days ) Tj ET Q q 0 0 0 rg BT 430.85 415.10 Td (after ) Tj ET Q q 0 0 0 rg BT 451.31 415.10 Td (termination ) Tj ET Q q 0 0 0 rg BT 499.54 415.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.01 415.10 Td (employment, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 403.10 Td (90 ) Tj ET Q q 0 0 0 rg BT 61.30 403.10 Td (days ) Tj ET Q q 0 0 0 rg BT 81.44 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 91.57 403.10 Td (one ) Tj ET Q q 0 0 0 rg BT 107.82 403.10 Td (year ) Tj ET Q q 0 0 0 rg BT 126.83 403.10 Td (after ) Tj ET Q q 0 0 0 rg BT 146.95 403.10 Td (permanent ) Tj ET Q q 0 0 0 rg BT 190.95 403.10 Td (disability) Tj ET Q q 0 0 0 rg BT 227.52 403.10 Td (, ) Tj ET Q q 0 0 0 rg BT 231.83 403.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 275.29 403.10 Td (on ) Tj ET Q q 0 0 0 rg BT 287.09 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.11 403.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 329.85 403.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.98 403.10 Td (one ) Tj ET Q q 0 0 0 rg BT 356.22 403.10 Td (year ) Tj ET Q q 0 0 0 rg BT 375.23 403.10 Td (after ) Tj ET Q q 0 0 0 rg BT 395.35 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.38 403.10 Td (death ) Tj ET Q q 0 0 0 rg BT 432.83 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 442.97 403.10 Td (the ) Tj ET Q q 0 0 0 rg BT 456.99 403.10 Td (optionee.) Tj ET Q q 0 0 0 rg BT 498.37 403.10 Td (As ) Tj ET Q q 0 0 0 rg BT 511.29 403.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.42 403.10 Td (December ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 391.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 63.92 391.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 88.34 391.10 Td (all ) Tj ET Q q 0 0 0 rg BT 100.25 391.10 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 148.83 391.10 Td (options ) Tj ET Q q 0 0 0 rg BT 180.20 391.10 Td (had ) Tj ET Q q 0 0 0 rg BT 196.55 391.10 Td (expired. ) Tj ET Q q 0 0 0 rg BT 230.96 391.10 Td ( ) Tj ET Q q 0 0 0 rg BT 232.74 391.10 Td (The ) Tj ET Q q 0 0 0 rg BT 250.20 391.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 273.23 391.10 Td (options ) Tj ET Q q 0 0 0 rg BT 304.59 391.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.95 391.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 346.21 391.10 Td (were ) Tj ET Q q 0 0 0 rg BT 367.56 391.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 399.46 391.10 Td (with ) Tj ET Q q 0 0 0 rg BT 419.16 391.10 Td (a ) Tj ET Q q 0 0 0 rg BT 425.52 391.10 Td (strike ) Tj ET Q q 0 0 0 rg BT 449.65 391.10 Td (price ) Tj ET Q q 0 0 0 rg BT 471.55 391.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.13 391.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.82 391.10 Td (the ) Tj ET Q q 0 0 0 rg BT 518.96 391.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 534.75 391.10 Td (market ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 379.10 Td (at ) Tj ET Q q 0 0 0 rg BT 83.37 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.09 379.10 Td (time ) Tj ET Q q 0 0 0 rg BT 118.36 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 129.19 379.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 154.74 379.10 Td (which ) Tj ET Q q 0 0 0 rg BT 181.68 379.10 Td (is ) Tj ET Q q 0 0 0 rg BT 190.85 379.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 230.55 379.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 263.04 379.10 Td (as ) Tj ET Q q 0 0 0 rg BT 273.87 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.58 379.10 Td (closing ) Tj ET Q q 0 0 0 rg BT 319.97 379.10 Td (price ) Tj ET Q q 0 0 0 rg BT 342.45 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 354.95 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 369.67 379.10 Td (NYSE ) Tj ET Q q 0 0 0 rg BT 398.28 379.10 Td (on ) Tj ET Q q 0 0 0 rg BT 410.78 379.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.50 379.10 Td (date ) Tj ET Q q 0 0 0 rg BT 444.66 379.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.49 379.10 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 355.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.91 355.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 102.65 355.10 Td (value ) Tj ET Q q 0 0 0 rg BT 127.17 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.36 355.10 Td (each ) Tj ET Q q 0 0 0 rg BT 159.54 355.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 181.86 355.10 Td (award ) Tj ET Q q 0 0 0 rg BT 209.15 355.10 Td (is ) Tj ET Q q 0 0 0 rg BT 218.69 355.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 259.87 355.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.73 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.81 355.10 Td (date ) Tj ET Q q 0 0 0 rg BT 307.33 355.10 Td (of ) Tj ET Q q 0 0 0 rg BT 318.53 355.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 341.94 355.10 Td (using ) Tj ET Q q 0 0 0 rg BT 366.47 355.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.55 355.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 442.18 355.10 Td (option ) Tj ET Q q 0 0 0 rg BT 470.60 355.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 501.79 355.10 Td (model ) Tj ET Q q 0 0 0 rg BT 529.65 355.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 355.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 343.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 101.10 343.10 Td (noted ) Tj ET Q q 0 0 0 rg BT 125.47 343.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.41 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.78 343.10 Td (following ) Tj ET Q q 0 0 0 rg BT 190.82 343.10 Td (table.) Tj ET Q q 0 0 0 rg BT 217.57 343.10 Td (The ) Tj ET Q q 0 0 0 rg BT 235.28 343.10 Td (risk-free ) Tj ET Q q 0 0 0 rg BT 271.30 343.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 288.44 343.10 Td (for ) Tj ET Q q 0 0 0 rg BT 302.25 343.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 333.85 343.10 Td (within ) Tj ET Q q 0 0 0 rg BT 361.56 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.93 343.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 422.50 343.10 Td (life ) Tj ET Q q 0 0 0 rg BT 437.98 343.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.47 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.84 343.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 484.45 343.10 Td (is ) Tj ET Q q 0 0 0 rg BT 493.27 343.10 Td (based ) Tj ET Q q 0 0 0 rg BT 518.19 343.10 Td (on ) Tj ET Q q 0 0 0 rg BT 530.35 343.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.72 343.10 Td (U.S. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.10 Td (T) Tj ET Q q 0 0 0 rg BT 55.26 331.10 Td (reasury ) Tj ET Q q 0 0 0 rg BT 86.23 331.10 Td (yield ) Tj ET Q q 0 0 0 rg BT 107.78 331.10 Td (curve ) Tj ET Q q 0 0 0 rg BT 131.54 331.10 Td (in ) Tj ET Q q 0 0 0 rg BT 140.86 331.10 Td (ef) Tj ET Q q 0 0 0 rg BT 148.45 331.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 164.99 331.10 Td (at ) Tj ET Q q 0 0 0 rg BT 173.75 331.10 Td (the ) Tj ET Q q 0 0 0 rg BT 187.52 331.10 Td (time ) Tj ET Q q 0 0 0 rg BT 206.84 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 216.72 331.10 Td (grant.) Tj ET Q q 0 0 0 rg BT 244.59 331.10 Td (The ) Tj ET Q q 0 0 0 rg BT 261.68 331.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 298.76 331.10 Td (life ) Tj ET Q q 0 0 0 rg BT 313.64 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.52 331.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 348.41 331.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 379.95 331.10 Td (was ) Tj ET Q q 0 0 0 rg BT 397.05 331.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 428.58 331.10 Td (from ) Tj ET Q q 0 0 0 rg BT 449.57 331.10 Td (examination ) Tj ET Q q 0 0 0 rg BT 500.55 331.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.43 331.10 Td (our ) Tj ET Q q 0 0 0 rg BT 525.31 331.10 Td (historical ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 71.87 319.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 99.22 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 116.57 319.10 Td (subsequent ) Tj ET Q q 0 0 0 rg BT 163.92 319.10 Td (exercises.) Tj ET Q q 0 0 0 rg BT 207.88 319.10 Td (The ) Tj ET Q q 0 0 0 rg BT 226.34 319.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 273.67 319.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 298.80 319.10 Td (\(clif) Tj ET Q q 0 0 0 rg BT 315.28 319.10 Td (f ) Tj ET Q q 0 0 0 rg BT 321.52 319.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 353.32 319.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.67 319.10 Td (graded ) Tj ET Q q 0 0 0 rg BT 400.79 319.10 Td (vesting\) ) Tj ET Q q 0 0 0 rg BT 435.92 319.10 Td (are ) Tj ET Q q 0 0 0 rg BT 451.04 319.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 492.26 319.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 535.71 319.10 Td (for ) Tj ET Q q 0 0 0 rg BT 550.28 319.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 86.53 307.10 Td (life, ) Tj ET Q q 0 0 0 rg BT 103.85 307.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.67 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.38 307.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 161.63 307.10 Td (behavior ) Tj ET Q q 0 0 0 rg BT 198.11 307.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.26 307.10 Td (each ) Tj ET Q q 0 0 0 rg BT 231.07 307.10 Td (is ) Tj ET Q q 0 0 0 rg BT 239.24 307.10 Td (dif) Tj ET Q q 0 0 0 rg BT 250.16 307.10 Td (ferent.Expected ) Tj ET Q q 0 0 0 rg BT 319.68 307.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 363.39 307.10 Td (are ) Tj ET Q q 0 0 0 rg BT 377.09 307.10 Td (based ) Tj ET Q q 0 0 0 rg BT 401.35 307.10 Td (on ) Tj ET Q q 0 0 0 rg BT 412.84 307.10 Td (the ) Tj ET Q q 0 0 0 rg BT 426.56 307.10 Td (historical ) Tj ET Q q 0 0 0 rg BT 465.26 307.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 502.86 307.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.69 307.10 Td (our ) Tj ET Q q 0 0 0 rg BT 527.51 307.10 Td (common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.10 Td (stock. ) Tj ET Q q 0 0 0 rg BT 75.61 295.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.93 295.10 Td (There ) Tj ET Q q 0 0 0 rg BT 103.74 295.10 Td (were ) Tj ET Q q 0 0 0 rg BT 125.67 295.10 Td (no ) Tj ET Q q 0 0 0 rg BT 138.17 295.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 160.13 295.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 190.95 295.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 223.43 295.10 Td (in ) Tj ET Q q 0 0 0 rg BT 233.71 295.10 Td (2016.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 254.60 355.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 254.60 75.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 483.00 254.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 487.00 254.60 75.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 224.60 355.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 224.60 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 224.60 75.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 483.00 224.60 4.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 487.00 224.60 75.00 -25.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 184.60 355.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 404.00 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 408.00 184.60 75.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 483.00 184.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 487.00 184.60 75.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 269.6 m 483 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 483 269.6 m 487 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 269.6 m 562 269.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 408 254.60000000000002 m 483 254.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 487 254.60000000000002 m 562 254.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.95 274.27 Td (Year Ended December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 259.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.00 259.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.00 259.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 244.27 Td (Weighted average fair value of SARs granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.50 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 244.27 Td (1.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 244.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 244.27 Td (3.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 229.27 Td (Risk-free interest rate) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 229.27 Td (1.29) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 229.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 229.27 Td (1.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 229.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 204.27 Td (Expected life) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.40 204.27 Td (4.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.10 204.27 Td (3.8 to 4.0 years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 189.27 Td (Expected volatility) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 189.27 Td (39.4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 189.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 189.27 Td (38.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 189.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 174.27 Td (Dividend yield) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 174.27 Td (3.42) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 174.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 174.27 Td (3.10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 553.15 174.27 Td (%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 563.50 170.10 Td () Tj ET Q endstream endobj 179 0 obj <> endobj 180 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (89) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 713.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 713.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 209.42 713.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 233.03 713.10 Td (option ) Tj ET Q q 0 0 0 rg BT 261.08 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 278.02 713.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 299.98 713.10 Td (activity:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 649.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 649.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 649.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 649.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 649.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 649.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 619.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 619.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 619.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 619.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 619.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 619.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 589.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 589.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 589.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 589.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 589.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 589.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 559.60 237.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 287.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 291.00 559.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 559.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 559.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 559.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 559.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 649.6 m 356 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 649.6 m 425 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 649.6 m 494 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 649.6 m 563 649.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 574.6 m 356 574.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 560.6 m 356 560.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 558.6 m 356 558.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 661.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 653.85 Td (of Awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 669.85 Td (Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 661.85 Td (Average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 369.00 653.85 Td (Exercise Price) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 431.70 677.85 Td (Weighted Average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 443.40 669.85 Td (Remaining) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 434.65 661.85 Td (Contractual Life) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 445.75 653.85 Td (\(in years\)) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.30 669.85 Td (Aggregate) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 506.60 661.85 Td (Intrinsic Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 507.20 653.85 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.27 Td (Outstanding at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 639.27 Td (8,903,514) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 639.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 639.27 Td (13.76) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 624.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 624.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 624.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 609.27 Td (Exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.15 609.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 411.15 609.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 594.32 Td (\(365,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 594.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 594.27 Td (8.21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 579.27 Td (Expired) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.80 579.32 Td (\(2,597,360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 579.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 579.27 Td (14.98) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 564.27 Td (Outstanding at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 564.27 Td (5,940,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 564.27 Td (13.57) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 564.27 Td (3.0) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 564.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 564.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 534.27 Td (Exercisable at end of period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 312.15 534.27 Td (4,198,913) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 534.27 Td (15.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.00 534.27 Td (2.1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 534.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 534.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 506.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.20 506.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.23 506.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.05 506.10 Td (a ) Tj ET Q q 0 0 0 rg BT 141.64 506.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 181.01 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.49 506.10 Td (the ) Tj ET Q q 0 0 0 rg BT 205.85 506.10 Td (total ) Tj ET Q q 0 0 0 rg BT 225.78 506.10 Td (intrinsic ) Tj ET Q q 0 0 0 rg BT 260.70 506.10 Td (value ) Tj ET Q q 0 0 0 rg BT 284.51 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 294.99 506.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 318.25 506.10 Td (options ) Tj ET Q q 0 0 0 rg BT 349.84 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.43 506.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 391.93 506.10 Td (exercised ) Tj ET Q q 0 0 0 rg BT 431.83 506.10 Td (and ) Tj ET Q q 0 0 0 rg BT 448.42 506.10 Td (grant-date ) Tj ET Q q 0 0 0 rg BT 491.10 506.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 507.13 506.10 Td (value ) Tj ET Q q 0 0 0 rg BT 530.93 506.10 Td (of ) Tj ET Q q 0 0 0 rg BT 541.41 506.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 494.10 Td (options ) Tj ET Q q 0 0 0 rg BT 81.45 494.10 Td (and ) Tj ET Q q 0 0 0 rg BT 98.39 494.10 Td (SARs ) Tj ET Q q 0 0 0 rg BT 124.23 494.10 Td (vested:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 453.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 453.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 453.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 453.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 453.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 468.6 m 424 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 468.6 m 428 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 468.6 m 493 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 468.6 m 497 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 468.6 m 562 468.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 453.6 m 355 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 453.6 m 424 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 453.6 m 493 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 453.6 m 562 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 453.6 m 424 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 453.6 m 493 453.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 453.6 m 562 453.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 473.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 458.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 458.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 458.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 458.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 443.27 Td (Intrinsic value of stock options and SARs exercised) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 443.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 443.27 Td (60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 443.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 443.27 Td (7,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 428.27 Td (Grant-date fair value of stock options and SARs vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 428.27 Td (4,787) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 428.27 Td (6,534) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 428.27 Td (9,998) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.10 Td (As ) Tj ET Q q 0 0 0 rg BT 81.78 400.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.27 400.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.52 400.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.52 400.10 Td (, ) Tj ET Q q 0 0 0 rg BT 178.19 400.10 Td (there ) Tj ET Q q 0 0 0 rg BT 201.34 400.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 220.06 400.10 Td ($1.5 ) Tj ET Q q 0 0 0 rg BT 240.72 400.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.61 400.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.78 400.10 Td (of ) Tj ET Q q 0 0 0 rg BT 284.28 400.10 Td (total ) Tj ET Q q 0 0 0 rg BT 305.21 400.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 363.92 400.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 383.20 400.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.14 400.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.74 400.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 453.77 400.10 Td (in ) Tj ET Q q 0 0 0 rg BT 464.72 400.10 Td (future ) Tj ET Q q 0 0 0 rg BT 491.76 400.10 Td (periods ) Tj ET Q q 0 0 0 rg BT 524.36 400.10 Td (related ) Tj ET Q q 0 0 0 rg BT 554.73 400.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 388.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 92.57 388.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 142.29 388.10 Td (SAR ) Tj ET Q q 0 0 0 rg BT 164.27 388.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 222.33 388.10 Td (arrangements.) Tj ET Q q 0 0 0 rg BT 283.51 388.10 Td (The ) Tj ET Q q 0 0 0 rg BT 301.58 388.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 320.22 388.10 Td (is ) Tj ET Q q 0 0 0 rg BT 329.41 388.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 367.47 388.10 Td (to ) Tj ET Q q 0 0 0 rg BT 377.77 388.10 Td (be ) Tj ET Q q 0 0 0 rg BT 389.73 388.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 436.12 388.10 Td (over ) Tj ET Q q 0 0 0 rg BT 456.41 388.10 Td (a ) Tj ET Q q 0 0 0 rg BT 463.37 388.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 536.96 388.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 376.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.45 376.10 Td (1.0 ) Tj ET Q q 0 0 0 rg BT 75.56 376.10 Td (year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 92.22 376.10 Td (.) Tj ET Q q 0 0 0 rg BT 99.54 376.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.70 376.10 Td (following ) Tj ET Q q 0 0 0 rg BT 159.20 376.10 Td (is ) Tj ET Q q 0 0 0 rg BT 168.49 376.10 Td (a ) Tj ET Q q 0 0 0 rg BT 175.54 376.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 215.38 376.10 Td (of ) Tj ET Q q 0 0 0 rg BT 226.32 376.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 246.71 376.10 Td (received ) Tj ET Q q 0 0 0 rg BT 283.19 376.10 Td (from ) Tj ET Q q 0 0 0 rg BT 305.24 376.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 328.97 376.10 Td (option ) Tj ET Q q 0 0 0 rg BT 357.14 376.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 396.40 376.10 Td (under ) Tj ET Q q 0 0 0 rg BT 421.79 376.10 Td (share-based ) Tj ET Q q 0 0 0 rg BT 471.60 376.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 508.65 376.10 Td (arrangements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 364.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 81.16 364.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 115.31 364.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 149.45 364.10 Td (from ) Tj ET Q q 0 0 0 rg BT 171.39 364.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.11 364.10 Td (exercises ) Tj ET Q q 0 0 0 rg BT 225.25 364.10 Td (of ) Tj ET Q q 0 0 0 rg BT 236.08 364.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 259.69 364.10 Td (options ) Tj ET Q q 0 0 0 rg BT 291.64 364.10 Td (and ) Tj ET Q q 0 0 0 rg BT 308.58 364.10 Td (SARs:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 323.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 323.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 323.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 323.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 323.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 323.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 323.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 338.6 m 424 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 338.6 m 428 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 338.6 m 493 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 338.6 m 497 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 338.6 m 562 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 323.6 m 355 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 338.6 m 424 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 323.6 m 424 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 338.6 m 493 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 323.6 m 493 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 338.6 m 562 338.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 323.6 m 562 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 323.6 m 424 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 323.6 m 493 323.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 323.6 m 562 323.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 343.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 328.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 328.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 328.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 328.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 313.27 Td (Cash received from stock option exercises) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 313.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 313.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 313.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 313.27 Td (562) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 313.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 313.27 Td (7,022) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 298.27 Td (Tax benefit realized for the exercises of stock options and SARs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 298.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 298.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 298.27 Td (212) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 270.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 95.87 270.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 246.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 246.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.35 246.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 106.67 246.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 204.39 246.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 244.36 246.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 268.24 246.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.79 246.10 Td (new ) Tj ET Q q 0 0 0 rg BT 298.22 246.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 343.75 246.10 Td (during ) Tj ET Q q 0 0 0 rg BT 372.63 246.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.62 246.10 Td (year ) Tj ET Q q 0 0 0 rg BT 407.60 246.10 Td (as ) Tj ET Q q 0 0 0 rg BT 418.70 246.10 Td (part ) Tj ET Q q 0 0 0 rg BT 437.02 246.10 Td (of ) Tj ET Q q 0 0 0 rg BT 448.12 246.10 Td (their ) Tj ET Q q 0 0 0 rg BT 469.22 246.10 Td (new ) Tj ET Q q 0 0 0 rg BT 488.65 246.10 Td (hire ) Tj ET Q q 0 0 0 rg BT 506.97 246.10 Td (compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.10 Td (packages, ) Tj ET Q q 0 0 0 rg BT 90.27 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.34 234.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 142.40 234.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.69 234.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 177.86 234.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 216.69 234.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 239.43 234.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 269.38 234.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.78 234.10 Td (employees ) Tj ET Q q 0 0 0 rg BT 323.17 234.10 Td (and ) Tj ET Q q 0 0 0 rg BT 339.24 234.10 Td (directors ) Tj ET Q q 0 0 0 rg BT 375.85 234.10 Td (as ) Tj ET Q q 0 0 0 rg BT 385.81 234.10 Td (part ) Tj ET Q q 0 0 0 rg BT 402.98 234.10 Td (of ) Tj ET Q q 0 0 0 rg BT 412.94 234.10 Td (our ) Tj ET Q q 0 0 0 rg BT 427.90 234.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 468.96 234.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 526.13 234.10 Td (program. ) Tj ET Q q 0 0 0 rg BT 565.00 234.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 222.10 Td (Holders ) Tj ET Q q 0 0 0 rg BT 83.15 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 93.47 222.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 190.41 222.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 229.60 222.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 252.70 222.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 283.00 222.10 Td (have ) Tj ET Q q 0 0 0 rg BT 303.87 222.10 Td (the ) Tj ET Q q 0 0 0 rg BT 318.08 222.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 342.84 222.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.16 222.10 Td (owning ) Tj ET Q q 0 0 0 rg BT 385.15 222.10 Td (non-restricted ) Tj ET Q q 0 0 0 rg BT 442.67 222.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 465.77 222.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 508.86 222.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 536.41 222.10 Td (rights\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.10 Td (except ) Tj ET Q q 0 0 0 rg BT 77.70 210.10 Td (that ) Tj ET Q q 0 0 0 rg BT 94.80 210.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.12 210.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 140.66 210.10 Td (are ) Tj ET Q q 0 0 0 rg BT 154.97 210.10 Td (not ) Tj ET Q q 0 0 0 rg BT 169.85 210.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 201.94 210.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.83 210.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 246.69 210.10 Td (of ) Tj ET Q q 0 0 0 rg BT 257.13 210.10 Td (a ) Tj ET Q q 0 0 0 rg BT 263.67 210.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 294.66 210.10 Td (thereof ) Tj ET Q q 0 0 0 rg BT 325.08 210.10 Td (until ) Tj ET Q q 0 0 0 rg BT 345.52 210.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 374.82 210.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 429.13 210.10 Td (are ) Tj ET Q q 0 0 0 rg BT 443.44 210.10 Td (met.Beginning ) Tj ET Q q 0 0 0 rg BT 509.70 210.10 Td (in ) Tj ET Q q 0 0 0 rg BT 519.58 210.10 Td (2014, ) Tj ET Q q 0 0 0 rg BT 544.19 210.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 129.07 198.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 169.23 198.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 193.29 198.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 224.56 198.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 258.06 198.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.23 198.10 Td (holders ) Tj ET Q q 0 0 0 rg BT 305.62 198.10 Td (with ) Tj ET Q q 0 0 0 rg BT 326.35 198.10 Td (forfeitable ) Tj ET Q q 0 0 0 rg BT 370.94 198.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 408.88 198.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 453.49 198.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 479.22 198.10 Td (which ) Tj ET Q q 0 0 0 rg BT 506.61 198.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 529.56 198.10 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 198.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 94.39 186.10 Td (shares. ) Tj ET Q q 0 0 0 rg BT 123.44 186.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.00 186.10 Td (Non-performance-based ) Tj ET Q q 0 0 0 rg BT 223.73 186.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 262.49 186.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 285.16 186.10 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.72 186.10 Td (over ) Tj ET Q q 0 0 0 rg BT 326.05 186.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 332.05 186.10 Td (three) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.03 186.10 Td (-year ) Tj ET Q q 0 0 0 rg BT 374.13 186.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 404.58 186.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 434.18 186.10 Td (with ) Tj ET Q q 0 0 0 rg BT 453.52 186.10 Td (the ) Tj ET Q q 0 0 0 rg BT 467.30 186.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 499.95 186.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 523.73 186.10 Td (of ) Tj ET Q q 0 0 0 rg BT 533.62 186.10 Td (vesting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 96.98 174.10 Td (at ) Tj ET Q q 0 0 0 rg BT 106.70 174.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.41 174.10 Td (time ) Tj ET Q q 0 0 0 rg BT 141.69 174.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.52 174.10 Td (grant.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 150.10 Td (As ) Tj ET Q q 0 0 0 rg BT 83.03 150.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.78 150.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 156.28 150.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.28 150.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.19 150.10 Td (there ) Tj ET Q q 0 0 0 rg BT 207.60 150.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.56 150.10 Td ($26.1 ) Tj ET Q q 0 0 0 rg BT 254.48 150.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.37 150.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.79 150.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.53 150.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 358.81 150.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 418.77 150.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 455.40 150.10 Td (related ) Tj ET Q q 0 0 0 rg BT 487.01 150.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.21 150.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 544.17 150.10 Td (non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 128.80 138.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 168.69 138.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 192.48 138.10 Td (grants.) Tj ET Q q 0 0 0 rg BT 224.24 138.10 Td (This ) Tj ET Q q 0 0 0 rg BT 244.70 138.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 301.24 138.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 359.46 138.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 378.26 138.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.61 138.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 425.82 138.10 Td (to ) Tj ET Q q 0 0 0 rg BT 436.28 138.10 Td (be ) Tj ET Q q 0 0 0 rg BT 448.40 138.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 494.95 138.10 Td (over ) Tj ET Q q 0 0 0 rg BT 515.40 138.10 Td (a ) Tj ET Q q 0 0 0 rg BT 522.52 138.10 Td (weighted-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 126.10 Td (average ) Tj ET Q q 0 0 0 rg BT 83.06 126.10 Td (period ) Tj ET Q q 0 0 0 rg BT 111.08 126.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.88 126.10 Td (2.1 ) Tj ET Q q 0 0 0 rg BT 136.85 126.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 157.95 126.10 Td (.) Tj ET Q q 0 0 0 rg BT 165.27 126.10 Td (The ) Tj ET Q q 0 0 0 rg BT 183.29 126.10 Td (following ) Tj ET Q q 0 0 0 rg BT 224.65 126.10 Td (is ) Tj ET Q q 0 0 0 rg BT 233.79 126.10 Td (a ) Tj ET Q q 0 0 0 rg BT 240.70 126.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 280.39 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.19 126.10 Td (the ) Tj ET Q q 0 0 0 rg BT 305.88 126.10 Td (total ) Tj ET Q q 0 0 0 rg BT 326.12 126.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 357.48 126.10 Td (date ) Tj ET Q q 0 0 0 rg BT 376.61 126.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 392.96 126.10 Td (value ) Tj ET Q q 0 0 0 rg BT 417.09 126.10 Td (of ) Tj ET Q q 0 0 0 rg BT 427.89 126.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 525.31 126.10 Td (restricted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 114.10 Td (stock:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 73.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 73.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 73.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 73.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 73.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 73.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 73.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 88.60000000000002 m 424 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 88.60000000000002 m 428 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 88.60000000000002 m 493 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 88.60000000000002 m 497 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 88.60000000000002 m 562 88.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 73.60000000000002 m 355 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 73.60000000000002 m 424 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 73.60000000000002 m 493 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 73.60000000000002 m 562 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 73.60000000000002 m 424 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 73.60000000000002 m 493 73.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 73.60000000000002 m 562 73.60000000000002 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 93.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 78.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 78.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 78.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 78.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 63.27 Td (Fair value of restricted stock vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 63.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 63.27 Td (6,161) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 63.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 63.27 Td (12,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 63.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 63.27 Td (24,780) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 181 0 obj <> endobj 182 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (90) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 701.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.71 701.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 116.47 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.34 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.10 701.10 Td (status ) Tj ET Q q 0 0 0 rg BT 167.42 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.29 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.16 701.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 237.25 701.10 Td (non-performance-based ) Tj ET Q q 0 0 0 rg BT 334.74 701.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 374.49 701.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 398.14 701.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 425.12 701.10 Td (issued, ) Tj ET Q q 0 0 0 rg BT 455.16 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 472.14 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.90 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 521.65 701.10 Td (during ) Tj ET Q q 0 0 0 rg BT 550.30 701.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (year ) Tj ET Q q 0 0 0 rg BT 69.21 689.10 Td (ended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.58 689.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 154.17 689.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.17 689.10 Td (, ) Tj ET Q q 0 0 0 rg BT 179.17 689.10 Td (is ) Tj ET Q q 0 0 0 rg BT 188.34 689.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 229.15 689.10 Td (below:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 641.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 641.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 641.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 641.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 611.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 611.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 611.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 611.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 581.60 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 581.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 581.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 581.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 641.6 m 423.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 641.6 m 492.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 581.6 m 492.5 581.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 567.6 m 492.5 567.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 565.6 m 492.5 565.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 446.35 653.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.50 645.85 Td (of Shares) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 513.25 669.85 Td (Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 515.25 661.85 Td (Average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 510.50 653.85 Td (Grant-Date) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 512.00 645.85 Td (Fair Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 631.27 Td (Nonvested at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 631.27 Td (5,589,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 631.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 631.27 Td (9.27) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 616.27 Td (Granted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 616.27 Td (7,569,553) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 616.27 Td (3.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 601.27 Td (Vested) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 601.32 Td (\(2,906,465) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 601.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 601.27 Td (10.44) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 586.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 586.32 Td (\(511,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 586.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 586.27 Td (7.09) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 571.27 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 571.27 Td (9,740,785) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 571.27 Td (4.34) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 543.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 136.41 543.10 Td (Equity ) Tj ET Q q 0 0 0 rg BT 167.26 543.10 Td (A) Tj ET Q q 0 0 0 rg BT 173.74 543.10 Td (wards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 519.10 Td (Annually) Tj ET Q q 0 0 0 rg BT 104.07 519.10 Td (, ) Tj ET Q q 0 0 0 rg BT 109.94 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.52 519.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 186.67 519.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 234.47 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 246.17 519.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.76 519.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 289.57 519.10 Td (of ) Tj ET Q q 0 0 0 rg BT 301.26 519.10 Td (Directors ) Tj ET Q q 0 0 0 rg BT 341.84 519.10 Td (grants ) Tj ET Q q 0 0 0 rg BT 369.65 519.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 449.64 519.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 478.00 519.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 509.69 519.10 Td (to ) Tj ET Q q 0 0 0 rg BT 520.84 519.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 558.61 519.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 507.10 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 507.10 Td (ficers.Performance-based ) Tj ET Q q 0 0 0 rg BT 167.10 507.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 197.98 507.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 237.74 507.10 Td (vest ) Tj ET Q q 0 0 0 rg BT 256.41 507.10 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.74 507.10 Td (1.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 294.24 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 296.80 507.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 307.14 507.10 Td (3.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.64 507.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.20 507.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 353.36 507.10 Td (and ) Tj ET Q q 0 0 0 rg BT 370.35 507.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.13 507.10 Td (number ) Tj ET Q q 0 0 0 rg BT 418.24 507.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.13 507.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 508.31 507.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 535.86 507.10 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 495.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 69.51 495.10 Td (eligible ) Tj ET Q q 0 0 0 rg BT 101.75 495.10 Td (to ) Tj ET Q q 0 0 0 rg BT 111.77 495.10 Td (vest\) ) Tj ET Q q 0 0 0 rg BT 133.45 495.10 Td (during ) Tj ET Q q 0 0 0 rg BT 161.80 495.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.26 495.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 229.03 495.10 Td (period ) Tj ET Q q 0 0 0 rg BT 256.82 495.10 Td (will ) Tj ET Q q 0 0 0 rg BT 274.62 495.10 Td (depend ) Tj ET Q q 0 0 0 rg BT 305.74 495.10 Td (upon: ) Tj ET Q q 0 0 0 rg BT 330.76 495.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 344.67 495.10 Td (our ) Tj ET Q q 0 0 0 rg BT 360.24 495.10 Td (level ) Tj ET Q q 0 0 0 rg BT 381.92 495.10 Td (of ) Tj ET Q q 0 0 0 rg BT 392.49 495.10 Td (success ) Tj ET Q q 0 0 0 rg BT 424.72 495.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.75 495.10 Td (achieving ) Tj ET Q q 0 0 0 rg BT 475.86 495.10 Td (specifically ) Tj ET Q q 0 0 0 rg BT 524.19 495.10 Td (identified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 483.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 102.34 483.10 Td (tar) Tj ET Q q 0 0 0 rg BT 112.71 483.10 Td (gets ) Tj ET Q q 0 0 0 rg BT 131.13 483.10 Td (\(Performance-Based ) Tj ET Q q 0 0 0 rg BT 220.07 483.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 269.08 483.10 Td (A) Tj ET Q q 0 0 0 rg BT 275.38 483.10 Td (wards\) ) Tj ET Q q 0 0 0 rg BT 309.35 483.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.10 483.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 340.08 483.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 392.92 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 403.57 483.10 Td (our ) Tj ET Q q 0 0 0 rg BT 419.21 483.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 442.64 483.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 474.94 483.10 Td (to ) Tj ET Q q 0 0 0 rg BT 485.03 483.10 Td (that ) Tj ET Q q 0 0 0 rg BT 502.34 483.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.99 483.10 Td (a ) Tj ET Q q 0 0 0 rg BT 519.75 483.10 Td (designated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 471.10 Td (peer ) Tj ET Q q 0 0 0 rg BT 68.39 471.10 Td (group ) Tj ET Q q 0 0 0 rg BT 93.40 471.10 Td (\(Performance-Based ) Tj ET Q q 0 0 0 rg BT 181.59 471.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 201.24 471.10 Td (A) Tj ET Q q 0 0 0 rg BT 207.54 471.10 Td (wards\).Generally) Tj ET Q q 0 0 0 rg BT 285.47 471.10 Td (, ) Tj ET Q q 0 0 0 rg BT 289.65 471.10 Td (one-half ) Tj ET Q q 0 0 0 rg BT 324.65 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.66 471.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.56 471.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 390.80 471.10 Td (number ) Tj ET Q q 0 0 0 rg BT 423.03 471.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.04 471.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 459.72 471.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.40 471.10 Td (could ) Tj ET Q q 0 0 0 rg BT 500.30 471.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.42 471.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 539.75 471.10 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.98 459.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 142.87 459.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 173.46 459.10 Td (will ) Tj ET Q q 0 0 0 rg BT 191.28 459.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.99 459.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 231.90 459.10 Td (for ) Tj ET Q q 0 0 0 rg BT 245.83 459.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 298.62 459.10 Td (at ) Tj ET Q q 0 0 0 rg BT 308.10 459.10 Td (the ) Tj ET Q q 0 0 0 rg BT 322.59 459.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 367.62 459.10 Td (tar) Tj ET Q q 0 0 0 rg BT 377.98 459.10 Td (get ) Tj ET Q q 0 0 0 rg BT 392.47 459.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 418.06 459.10 Td (\(100% ) Tj ET Q q 0 0 0 rg BT 446.99 459.10 Td (tar) Tj ET Q q 0 0 0 rg BT 457.35 459.10 Td (get ) Tj ET Q q 0 0 0 rg BT 471.84 459.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 502.99 459.10 Td (levels\) ) Tj ET Q q 0 0 0 rg BT 531.91 459.10 Td (or ) Tj ET Q q 0 0 0 rg BT 542.51 459.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 447.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.21 447.10 Td (earlier ) Tj ET Q q 0 0 0 rg BT 94.01 447.10 Td (change ) Tj ET Q q 0 0 0 rg BT 124.59 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.19 447.10 Td (control, ) Tj ET Q q 0 0 0 rg BT 168.29 447.10 Td (and ) Tj ET Q q 0 0 0 rg BT 185.00 447.10 Td (twice ) Tj ET Q q 0 0 0 rg BT 208.92 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.41 447.10 Td (tar) Tj ET Q q 0 0 0 rg BT 233.77 447.10 Td (get ) Tj ET Q q 0 0 0 rg BT 248.26 447.10 Td (number ) Tj ET Q q 0 0 0 rg BT 281.08 447.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.68 447.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 318.94 447.10 Td (will ) Tj ET Q q 0 0 0 rg BT 336.76 447.10 Td (be ) Tj ET Q q 0 0 0 rg BT 348.47 447.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 377.39 447.10 Td (if ) Tj ET Q q 0 0 0 rg BT 385.76 447.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.25 447.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 443.07 447.10 Td (tar) Tj ET Q q 0 0 0 rg BT 453.44 447.10 Td (get ) Tj ET Q q 0 0 0 rg BT 467.92 447.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 493.52 447.10 Td (are ) Tj ET Q q 0 0 0 rg BT 508.00 447.10 Td (met ) Tj ET Q q 0 0 0 rg BT 525.26 447.10 Td (\(200% ) Tj ET Q q 0 0 0 rg BT 554.19 447.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 435.10 Td (tar) Tj ET Q q 0 0 0 rg BT 59.87 435.10 Td (get ) Tj ET Q q 0 0 0 rg BT 75.22 435.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 107.25 435.10 Td (levels\).) Tj ET Q q 0 0 0 rg BT 141.22 435.10 Td (W) Tj ET Q q 0 0 0 rg BT 150.26 435.10 Td (ith ) Tj ET Q q 0 0 0 rg BT 163.96 435.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 195.41 435.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.33 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.69 435.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 244.83 435.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 324.59 435.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 352.72 435.10 Td (awards, ) Tj ET Q q 0 0 0 rg BT 386.68 435.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.26 435.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 441.29 435.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 471.07 435.10 Td (above ) Tj ET Q q 0 0 0 rg BT 498.09 435.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.45 435.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 539.92 435.10 Td (tar) Tj ET Q q 0 0 0 rg BT 550.28 435.10 Td (get ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 423.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 75.87 423.10 Td (will ) Tj ET Q q 0 0 0 rg BT 94.48 423.10 Td (be ) Tj ET Q q 0 0 0 rg BT 106.97 423.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 141.11 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.94 423.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 175.26 423.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 201.62 423.10 Td (than ) Tj ET Q q 0 0 0 rg BT 221.89 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.72 423.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 260.75 423.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.13 423.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 310.17 423.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 336.83 423.10 Td (in ) Tj ET Q q 0 0 0 rg BT 347.66 423.10 Td (order ) Tj ET Q q 0 0 0 rg BT 371.81 423.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.63 423.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 421.22 423.10 Td (available ) Tj ET Q q 0 0 0 rg BT 460.36 423.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 488.40 423.10 Td (under ) Tj ET Q q 0 0 0 rg BT 514.22 423.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.48 423.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 552.81 423.10 Td ( ) Tj ET Q q 0 0 0 rg BT 555.86 423.10 Td (If ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 411.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 105.19 411.10 Td (is ) Tj ET Q q 0 0 0 rg BT 117.04 411.10 Td (below ) Tj ET Q q 0 0 0 rg BT 146.65 411.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.04 411.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 211.97 411.10 Td (minimum ) Tj ET Q q 0 0 0 rg BT 256.04 411.10 Td (levels, ) Tj ET Q q 0 0 0 rg BT 287.03 411.10 Td (no ) Tj ET Q q 0 0 0 rg BT 302.21 411.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 384.00 411.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 414.16 411.10 Td (will ) Tj ET Q q 0 0 0 rg BT 434.89 411.10 Td (be ) Tj ET Q q 0 0 0 rg BT 449.50 411.10 Td (earned.Performance-Based ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 399.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 98.03 399.10 Td (A) Tj ET Q q 0 0 0 rg BT 104.33 399.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 129.91 399.10 Td (are ) Tj ET Q q 0 0 0 rg BT 143.82 399.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 172.17 399.10 Td (using ) Tj ET Q q 0 0 0 rg BT 195.54 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.46 399.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 225.03 399.10 Td (market ) Tj ET Q q 0 0 0 rg BT 254.50 399.10 Td (value ) Tj ET Q q 0 0 0 rg BT 277.85 399.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.88 399.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 324.57 399.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 347.38 399.10 Td (on ) Tj ET Q q 0 0 0 rg BT 359.08 399.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.99 399.10 Td (grant ) Tj ET Q q 0 0 0 rg BT 395.24 399.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 416.09 399.10 Td (and ) Tj ET Q q 0 0 0 rg BT 432.23 399.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 512.66 399.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 532.32 399.10 Td (A) Tj ET Q q 0 0 0 rg BT 538.63 399.10 Td (wards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 387.10 Td (are ) Tj ET Q q 0 0 0 rg BT 64.21 387.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 93.36 387.10 Td (using ) Tj ET Q q 0 0 0 rg BT 117.53 387.10 Td (a ) Tj ET Q q 0 0 0 rg BT 124.47 387.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 153.08 387.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 177.80 387.10 Td (simulation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 363.10 Td (During ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.68 363.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.68 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 121.53 363.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 138.81 363.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.81 363.10 Td (, ) Tj ET Q q 0 0 0 rg BT 164.16 363.10 Td (we ) Tj ET Q q 0 0 0 rg BT 178.67 363.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 211.50 363.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 290.97 363.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 318.82 363.10 Td (awards ) Tj ET Q q 0 0 0 rg BT 349.98 363.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.61 363.10 Td (our ) Tj ET Q q 0 0 0 rg BT 376.79 363.10 Td (of) Tj ET Q q 0 0 0 rg BT 384.94 363.10 Td (ficers. ) Tj ET Q q 0 0 0 rg BT 412.49 363.10 Td ( ) Tj ET Q q 0 0 0 rg BT 414.71 363.10 Td (As ) Tj ET Q q 0 0 0 rg BT 428.67 363.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.85 363.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 498.78 363.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 524.13 363.10 Td (there ) Tj ET Q q 0 0 0 rg BT 546.97 363.10 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 351.10 Td ($2.2 ) Tj ET Q q 0 0 0 rg BT 69.69 351.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.58 351.10 Td ( ) Tj ET Q q 0 0 0 rg BT 101.27 351.10 Td (of ) Tj ET Q q 0 0 0 rg BT 112.28 351.10 Td (unrecognized ) Tj ET Q q 0 0 0 rg BT 168.83 351.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 227.06 351.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 261.96 351.10 Td (related ) Tj ET Q q 0 0 0 rg BT 291.84 351.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.31 351.10 Td (nonvested ) Tj ET Q q 0 0 0 rg BT 345.54 351.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 424.85 351.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 452.53 351.10 Td (awards.) Tj ET Q q 0 0 0 rg BT 488.17 351.10 Td (This ) Tj ET Q q 0 0 0 rg BT 508.64 351.10 Td (unrecognized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 339.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 107.73 339.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 126.52 339.10 Td (is ) Tj ET Q q 0 0 0 rg BT 135.88 339.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 174.10 339.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.57 339.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.69 339.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 243.24 339.10 Td (over ) Tj ET Q q 0 0 0 rg BT 263.70 339.10 Td (a ) Tj ET Q q 0 0 0 rg BT 270.82 339.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 344.58 339.10 Td (period ) Tj ET Q q 0 0 0 rg BT 372.81 339.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.83 339.10 Td (1.6 ) Tj ET Q q 0 0 0 rg BT 399.02 339.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.11 339.10 Td (.) Tj ET Q q 0 0 0 rg BT 427.43 339.10 Td (The ) Tj ET Q q 0 0 0 rg BT 445.67 339.10 Td (range ) Tj ET Q q 0 0 0 rg BT 470.56 339.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.58 339.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 533.71 339.10 Td (used ) Tj ET Q q 0 0 0 rg BT 554.73 339.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.97 327.10 Td (Monte ) Tj ET Q q 0 0 0 rg BT 92.33 327.10 Td (Carlo ) Tj ET Q q 0 0 0 rg BT 116.79 327.10 Td (simulation ) Tj ET Q q 0 0 0 rg BT 161.27 327.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 200.73 327.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 239.63 327.10 Td (for ) Tj ET Q q 0 0 0 rg BT 253.54 327.10 Td (Performance-Based ) Tj ET Q q 0 0 0 rg BT 334.48 327.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 354.57 327.10 Td (A) Tj ET Q q 0 0 0 rg BT 360.88 327.10 Td (wards ) Tj ET Q q 0 0 0 rg BT 387.01 327.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 430.91 327.10 Td (at ) Tj ET Q q 0 0 0 rg BT 440.37 327.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.84 327.10 Td (tar) Tj ET Q q 0 0 0 rg BT 465.21 327.10 Td (get ) Tj ET Q q 0 0 0 rg BT 479.68 327.10 Td (level\) ) Tj ET Q q 0 0 0 rg BT 504.69 327.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.15 327.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.73 327.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 286.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 286.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 286.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 286.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 286.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 256.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 256.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 256.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 256.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 256.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 226.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 356.00 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 360.00 226.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 226.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 226.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 226.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 360 301.6 m 425 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 425 301.6 m 429 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 301.6 m 494 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 301.6 m 498 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 301.6 m 563 301.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 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J 0 j 3 M 291 573.6 m 356 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 559.6 m 356 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 291 557.6 m 356 557.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 573.6 m 494 573.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 559.6 m 494 559.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 557.6 m 494 557.6 l s BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.95 682.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 325.75 674.55 Td (Operational ) Tj ET Q q 0 0 0 rg BT 365.07 674.55 Td (A) Tj ET Q q 0 0 0 rg BT 370.11 674.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 463.95 682.55 Td (Performance-Based) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 475.30 674.55 Td (TSR ) Tj ET Q q 0 0 0 rg BT 491.53 674.55 Td (A) Tj ET Q q 0 0 0 rg BT 496.57 674.55 Td (wards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 309.85 645.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 306.80 637.85 Td (of Awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 376.75 661.85 Td (Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 378.75 653.85 Td (Average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 366.55 645.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 382.85 637.85 Td (Value) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 447.85 645.85 Td (Number) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 444.80 637.85 Td (of Awards) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 514.75 661.85 Td (Weighted) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 516.75 653.85 Td (Average) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 504.55 645.85 Td (Grant-Date Fair) Tj ET Q BT /F1 8.00 Tf ET q 0 0 0 rg BT 520.85 637.85 Td (Value) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 623.27 Td (Nonvested at December 31, 2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 623.27 Td (559,260) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.50 623.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.65 623.27 Td (13.82) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.65 623.27 Td (768,555) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 623.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 623.27 Td (14.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 608.27 Td (Granted ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 87.21 612.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 608.27 Td (596,445) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 608.27 Td (2.17) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 608.27 Td (1,491,112) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 608.27 Td (1.78) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 593.27 Td (V) Tj ET Q q 0 0 0 rg BT 58.61 593.27 Td (ested ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 81.66 597.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.30 593.32 Td (\(139,049) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 593.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 593.27 Td (7.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 454.30 593.32 Td (\(145,731) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 593.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 593.27 Td (20.08) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 578.27 Td (Forfeited) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 321.30 578.32 Td (\(52,221) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 352.15 578.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 578.27 Td (5.58) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 459.30 578.32 Td (\(97,513) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 490.15 578.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 578.27 Td (4.94) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 563.27 Td (Nonvested at December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.65 563.27 Td (964,435) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 403.65 563.27 Td (8.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.15 563.27 Td (2,016,423) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 541.65 563.27 Td (5.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 535.10 Td (Amounts ) Tj ET Q q 0 0 0 rg BT 106.65 535.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 139.11 535.10 Td (reflect ) Tj ET Q q 0 0 0 rg BT 167.12 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 181.81 535.10 Td (number ) Tj ET Q q 0 0 0 rg BT 214.84 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.64 535.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 278.64 535.10 Td (units ) Tj ET Q q 0 0 0 rg BT 300.57 535.10 Td (granted. ) Tj ET Q q 0 0 0 rg BT 335.53 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 337.83 535.10 Td (The ) Tj ET Q q 0 0 0 rg BT 355.85 535.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 382.20 535.10 Td (payout ) Tj ET Q q 0 0 0 rg BT 411.90 535.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.70 535.10 Td (the ) Tj ET Q q 0 0 0 rg BT 437.40 535.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 464.86 535.10 Td (may ) Tj ET Q q 0 0 0 rg BT 484.56 535.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.47 535.10 Td (between ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 532.27 535.10 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.60 535.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.07 535.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 523.10 Td (200%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 90.83 523.10 Td (, ) Tj ET Q q 0 0 0 rg BT 95.37 523.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.19 523.10 Td (any ) Tj ET Q q 0 0 0 rg BT 131.67 523.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 167.59 523.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 196.28 523.10 Td (above ) Tj ET Q q 0 0 0 rg BT 222.20 523.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.45 523.10 Td (100% ) Tj ET Q q 0 0 0 rg BT 261.82 523.10 Td (tar) Tj ET Q q 0 0 0 rg BT 272.19 523.10 Td (get ) Tj ET Q q 0 0 0 rg BT 286.45 523.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 311.81 523.10 Td (payable ) Tj ET Q q 0 0 0 rg BT 344.95 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.76 523.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 377.07 523.10 Td (rather ) Tj ET Q q 0 0 0 rg BT 402.43 523.10 Td (than ) Tj ET Q q 0 0 0 rg BT 421.68 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.50 523.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 458.53 523.10 Td (of ) Tj ET Q q 0 0 0 rg BT 468.90 523.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 505.93 523.10 Td (stock, ) Tj ET Q q 0 0 0 rg BT 531.58 523.10 Td (in ) Tj ET Q q 0 0 0 rg BT 541.40 523.10 Td (order ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 511.10 Td (to ) Tj ET Q q 0 0 0 rg BT 77.78 511.10 Td (conserve ) Tj ET Q q 0 0 0 rg BT 115.82 511.10 Td (available ) Tj ET Q q 0 0 0 rg BT 154.40 511.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 181.89 511.10 Td (under ) Tj ET Q q 0 0 0 rg BT 207.16 511.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.88 511.10 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 499.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 499.10 Td (During ) Tj ET Q q 0 0 0 rg BT 98.04 499.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 122.75 499.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.18 499.10 Td (service ) Tj ET Q q 0 0 0 rg BT 167.71 499.10 Td (period ) Tj ET Q q 0 0 0 rg BT 195.47 499.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 223.23 499.10 Td (on ) Tj ET Q q 0 0 0 rg BT 235.44 499.10 Td (these ) Tj ET Q q 0 0 0 rg BT 258.20 499.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 310.93 499.10 Td (unit ) Tj ET Q q 0 0 0 rg BT 328.70 499.10 Td (awards. ) Tj ET Q q 0 0 0 rg BT 361.73 499.10 Td ( ) Tj ET Q q 0 0 0 rg BT 363.79 499.10 Td (The ) Tj ET Q q 0 0 0 rg BT 381.54 499.10 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 409.30 499.10 Td (units ) Tj ET Q q 0 0 0 rg BT 430.96 499.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 459.82 499.10 Td (a ) Tj ET Q q 0 0 0 rg BT 466.47 499.10 Td (weighted ) Tj ET Q q 0 0 0 rg BT 505.34 499.10 Td (average ) Tj ET Q q 0 0 0 rg BT 538.63 499.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.18 499.10 Td (0%) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 487.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 83.70 487.10 Td (25%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.03 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.80 487.10 Td (of ) Tj ET Q q 0 0 0 rg BT 113.89 487.10 Td (tar) Tj ET Q q 0 0 0 rg BT 124.26 487.10 Td (get ) Tj ET Q q 0 0 0 rg BT 138.24 487.10 Td (for ) Tj ET Q q 0 0 0 rg BT 151.66 487.10 Td (each ) Tj ET Q q 0 0 0 rg BT 171.74 487.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 199.05 487.10 Td (Operational ) Tj ET Q q 0 0 0 rg BT 248.02 487.10 Td (and ) Tj ET Q q 0 0 0 rg BT 264.09 487.10 Td (TSR ) Tj ET Q q 0 0 0 rg BT 284.20 487.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 362.58 487.10 Td (award, ) Tj ET Q q 0 0 0 rg BT 391.28 487.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 438.94 487.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.20 487.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 494.39 487.10 Td (36,434) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.89 487.10 Td ( ) Tj ET Q q 0 0 0 rg BT 523.65 487.10 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 475.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 94.99 475.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.82 475.10 Td (common ) Tj ET Q q 0 0 0 rg BT 143.32 475.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 166.92 475.10 Td (issued.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 451.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.55 451.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.93 451.10 Td (is ) Tj ET Q q 0 0 0 rg BT 136.10 451.10 Td (a ) Tj ET Q q 0 0 0 rg BT 143.04 451.10 Td (summary ) Tj ET Q q 0 0 0 rg BT 182.76 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.59 451.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.31 451.10 Td (total ) Tj ET Q q 0 0 0 rg BT 228.58 451.10 Td (vesting ) Tj ET Q q 0 0 0 rg BT 259.97 451.10 Td (date ) Tj ET Q q 0 0 0 rg BT 279.12 451.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 295.50 451.10 Td (value ) Tj ET Q q 0 0 0 rg BT 319.65 451.10 Td (of ) Tj ET Q q 0 0 0 rg BT 330.48 451.10 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 409.60 451.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 437.10 451.10 Td (awards:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 410.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 410.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 410.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 410.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 410.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 425.6 m 424 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 425.6 m 428 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 425.6 m 493 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 425.6 m 497 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 425.6 m 562 425.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 410.6 m 355 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 410.6 m 424 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 410.6 m 493 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 410.6 m 562 410.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 410.6 m 424 410.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 430.27 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 415.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 415.27 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 415.27 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 415.27 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 400.27 Td (Vesting date fair value of Performance-Based Operational Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 400.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 400.27 Td (2,861) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 400.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 400.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 385.27 Td (Vesting date fair value of Performance-Based TSR Awards) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 385.27 Td (81) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 385.27 Td (300) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 385.27 Td () Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 357.10 Td (Note 8. Commodity Derivative Contracts) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 333.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 333.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.00 333.10 Td (do ) Tj ET Q q 0 0 0 rg BT 95.42 333.10 Td (not ) Tj ET Q q 0 0 0 rg BT 110.63 333.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 135.27 333.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 161.57 333.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 207.87 333.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 248.05 333.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.25 333.10 Td (our ) Tj ET Q q 0 0 0 rg BT 274.01 333.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 286.99 333.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.85 333.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 334.04 333.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 349.79 333.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 392.20 333.10 Td (contracts; ) Tj ET Q q 0 0 0 rg BT 433.49 333.10 Td (therefore, ) Tj ET Q q 0 0 0 rg BT 474.50 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.14 333.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 523.77 333.10 Td (in ) Tj ET Q q 0 0 0 rg BT 533.98 333.10 Td (the ) Tj ET Q q 0 0 0 rg BT 548.62 333.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 321.10 Td (values ) Tj ET Q q 0 0 0 rg BT 77.04 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.36 321.10 Td (these ) Tj ET Q q 0 0 0 rg BT 109.89 321.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 158.55 321.10 Td (are ) Tj ET Q q 0 0 0 rg BT 172.74 321.10 Td (recognized ) Tj ET Q q 0 0 0 rg BT 218.60 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.36 321.10 Td (income ) Tj ET Q q 0 0 0 rg BT 259.79 321.10 Td (in ) Tj ET Q q 0 0 0 rg BT 269.56 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.76 321.10 Td (period ) Tj ET Q q 0 0 0 rg BT 311.30 321.10 Td (of ) Tj ET Q q 0 0 0 rg BT 321.62 321.10 Td (change.) Tj ET Q q 0 0 0 rg BT 357.25 321.10 Td (These ) Tj ET Q q 0 0 0 rg BT 383.12 321.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 398.99 321.10 Td (value ) Tj ET Q q 0 0 0 rg BT 422.63 321.10 Td (changes, ) Tj ET Q q 0 0 0 rg BT 459.33 321.10 Td (along ) Tj ET Q q 0 0 0 rg BT 483.54 321.10 Td (with ) Tj ET Q q 0 0 0 rg BT 503.30 321.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.51 321.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.08 309.10 Td (expired ) Tj ET Q q 0 0 0 rg BT 92.31 309.10 Td (contracts, ) Tj ET Q q 0 0 0 rg BT 133.15 309.10 Td (are ) Tj ET Q q 0 0 0 rg BT 147.61 309.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 175.97 309.10 Td (under ) Tj ET Q q 0 0 0 rg BT 200.98 309.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 205.42 309.10 Td (Commodity ) Tj ET Q q 0 0 0 rg BT 255.45 309.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 301.57 309.10 Td (expense ) Tj ET Q q 0 0 0 rg BT 336.03 309.10 Td (\(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.12 309.10 Td ( ) Tj ET Q q 0 0 0 rg BT 378.81 309.10 Td (in ) Tj ET Q q 0 0 0 rg BT 388.83 309.10 Td (our ) Tj ET Q q 0 0 0 rg BT 404.41 309.10 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 459.43 309.10 Td (Statements ) Tj ET Q q 0 0 0 rg BT 505.56 309.10 Td (of ) Tj ET Q q 0 0 0 rg BT 516.14 309.10 Td (Operations.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 285.10 Td (Historically) Tj ET Q q 0 0 0 rg BT 114.06 285.10 Td (, ) Tj ET Q q 0 0 0 rg BT 118.17 285.10 Td (we ) Tj ET Q q 0 0 0 rg BT 131.44 285.10 Td (have ) Tj ET Q q 0 0 0 rg BT 151.92 285.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 182.96 285.10 Td (into ) Tj ET Q q 0 0 0 rg BT 200.12 285.10 Td (various ) Tj ET Q q 0 0 0 rg BT 231.17 285.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 243.33 285.10 Td (and ) Tj ET Q q 0 0 0 rg BT 259.38 285.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 288.75 285.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 303.69 285.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 345.27 285.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 382.98 285.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.36 285.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 424.52 285.10 Td (an ) Tj ET Q q 0 0 0 rg BT 435.56 285.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 476.04 285.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 501.53 285.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.47 285.10 Td (our ) Tj ET Q q 0 0 0 rg BT 526.40 285.10 Td (exposure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 273.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.40 273.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 109.07 273.10 Td (price ) Tj ET Q q 0 0 0 rg BT 132.17 273.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 150.29 273.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 194.50 273.10 Td (with ) Tj ET Q q 0 0 0 rg BT 215.40 273.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 262.39 273.10 Td (future ) Tj ET Q q 0 0 0 rg BT 289.38 273.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 303.06 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 320.62 273.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 351.50 273.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 367.95 273.10 Td (production ) Tj ET Q q 0 0 0 rg BT 414.39 273.10 Td (and ) Tj ET Q q 0 0 0 rg BT 431.95 273.10 Td (to ) Tj ET Q q 0 0 0 rg BT 442.85 273.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 476.52 273.10 Td (more ) Tj ET Q q 0 0 0 rg BT 500.18 273.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 538.28 273.10 Td (to ) Tj ET Q q 0 0 0 rg BT 549.18 273.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 261.10 Td (future ) Tj ET Q q 0 0 0 rg BT 75.78 261.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 95.95 261.10 Td (flows.) Tj ET Q q 0 0 0 rg BT 125.49 261.10 Td (W) Tj ET Q q 0 0 0 rg BT 134.12 261.10 Td (e ) Tj ET Q q 0 0 0 rg BT 140.96 261.10 Td (do ) Tj ET Q q 0 0 0 rg BT 153.36 261.10 Td (not ) Tj ET Q q 0 0 0 rg BT 168.54 261.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 188.72 261.10 Td (or ) Tj ET Q q 0 0 0 rg BT 199.45 261.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 221.85 261.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 264.23 261.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 301.61 261.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 350.67 261.10 Td (for ) Tj ET Q q 0 0 0 rg BT 364.73 261.10 Td (trading ) Tj ET Q q 0 0 0 rg BT 395.46 261.10 Td (purposes.Generally) Tj ET Q q 0 0 0 rg BT 477.29 261.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.19 261.10 Td (these ) Tj ET Q q 0 0 0 rg BT 505.13 261.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 543.63 261.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 249.10 Td (consisted ) Tj ET Q q 0 0 0 rg BT 89.58 249.10 Td (of ) Tj ET Q q 0 0 0 rg BT 100.77 249.10 Td (various ) Tj ET Q q 0 0 0 rg BT 133.07 249.10 Td (combinations ) Tj ET Q q 0 0 0 rg BT 189.81 249.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.00 249.10 Td (price ) Tj ET Q q 0 0 0 rg BT 223.84 249.10 Td (floors, ) Tj ET Q q 0 0 0 rg BT 252.54 249.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 284.55 249.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 327.39 249.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 359.40 249.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 406.13 249.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 433.43 249.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.73 249.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 497.45 249.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 524.75 249.10 Td (enhanced ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 237.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.40 237.10 Td (a ) Tj ET Q q 0 0 0 rg BT 75.96 237.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 94.75 237.10 Td (put.) Tj ET Q q 0 0 0 rg BT 114.85 237.10 Td (The ) Tj ET Q q 0 0 0 rg BT 132.52 237.10 Td (production ) Tj ET Q q 0 0 0 rg BT 177.96 237.10 Td (that ) Tj ET Q q 0 0 0 rg BT 195.08 237.10 Td (we ) Tj ET Q q 0 0 0 rg BT 208.86 237.10 Td (hedge ) Tj ET Q q 0 0 0 rg BT 234.86 237.10 Td (has ) Tj ET Q q 0 0 0 rg BT 250.31 237.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 277.42 237.10 Td (from ) Tj ET Q q 0 0 0 rg BT 298.98 237.10 Td (year ) Tj ET Q q 0 0 0 rg BT 318.31 237.10 Td (to ) Tj ET Q q 0 0 0 rg BT 328.21 237.10 Td (year ) Tj ET Q q 0 0 0 rg BT 347.54 237.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 391.31 237.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.44 237.10 Td (our ) Tj ET Q q 0 0 0 rg BT 418.89 237.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 444.33 237.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.79 237.10 Td (debt, ) Tj ET Q q 0 0 0 rg BT 476.62 237.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 513.73 237.10 Td (strength ) Tj ET Q q 0 0 0 rg BT 548.06 237.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 225.10 Td (expectation ) Tj ET Q q 0 0 0 rg BT 98.09 225.10 Td (of ) Tj ET Q q 0 0 0 rg BT 108.92 225.10 Td (future ) Tj ET Q q 0 0 0 rg BT 135.30 225.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 183.35 225.10 Td (prices.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 201.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 201.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.79 201.10 Td (manage ) Tj ET Q q 0 0 0 rg BT 116.10 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 132.76 201.10 Td (control ) Tj ET Q q 0 0 0 rg BT 163.30 201.10 Td (market ) Tj ET Q q 0 0 0 rg BT 193.28 201.10 Td (and ) Tj ET Q q 0 0 0 rg BT 209.93 201.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 262.68 201.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 287.66 201.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 304.87 201.10 Td (through ) Tj ET Q q 0 0 0 rg BT 338.20 201.10 Td (established ) Tj ET Q q 0 0 0 rg BT 384.85 201.10 Td (internal ) Tj ET Q q 0 0 0 rg BT 417.61 201.10 Td (control ) Tj ET Q q 0 0 0 rg BT 448.15 201.10 Td (procedures ) Tj ET Q q 0 0 0 rg BT 494.23 201.10 Td (that ) Tj ET Q q 0 0 0 rg BT 511.44 201.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.86 201.10 Td (reviewed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 189.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.45 189.10 Td (an 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555.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 555.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 555.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 555.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 555.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 525.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 525.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 525.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 525.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 525.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 525.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 525.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 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307.00 495.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 495.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 495.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 495.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 495.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 495.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 465.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 465.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 465.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 465.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 465.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 465.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 465.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 465.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 465.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 465.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 465.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 465.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 435.60 69.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 119.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 123.00 435.60 58.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 181.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 185.00 435.60 56.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 241.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 245.00 435.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 256.00 435.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 296.00 435.60 11.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 307.00 435.60 40.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 347.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 351.00 435.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 401.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 405.00 435.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 455.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 459.00 435.60 50.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 509.00 435.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 513.00 435.60 50.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 675.6 m 256 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 675.6 m 296 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 675.6 m 307 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 675.6 m 347 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 675.6 m 351 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 675.6 m 401 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 675.6 m 405 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 675.6 m 455 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 675.6 m 459 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 675.6 m 509 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 675.6 m 513 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 675.6 m 563 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 347 675.6 m 351 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 675.6 m 401 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 660.6 m 401 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 675.6 m 405 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 401 660.6 m 405 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 675.6 m 455 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 660.6 m 455 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 675.6 m 459 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 455 660.6 m 459 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 675.6 m 509 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 660.6 m 509 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 675.6 m 513 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 509 660.6 m 513 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 675.6 m 563 675.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 660.6 m 563 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 645.6 m 119 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 645.6 m 181 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 185 645.6 m 241 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 245 645.6 m 256 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 256 645.6 m 296 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 296 645.6 m 307 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 307 645.6 m 347 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 660.6 m 401 660.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 351 645.6 m 401 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 405 645.6 m 455 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 459 645.6 m 509 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 513 645.6 m 563 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 645.6 m 119 645.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 123 645.6 m 181 645.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 68.70 650.27 Td (Months) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.55 650.27 Td (Index Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.00 670.27 Td (Volume) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.75 660.27 Td (\(Barrels per) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.60 650.27 Td (day\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.10 680.27 Td (Contract Prices \($/Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 277.65 650.27 Td (Range ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 305.70 654.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 349.50 650.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 408.40 665.27 Td (Weighted Average Price) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.35 650.27 Td (Swap) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.40 650.27 Td (Sold Put) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 472.65 650.27 Td (Floor) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.75 650.27 Td (Ceiling) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 635.28 Td (Oil Contracts:) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 618.9736328125 m 150.810546875 618.9736328125 l s q 0 0 0 rg BT 52.50 620.31 Td (2017 Fixed-Price Swaps) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 605.27 Td (Jan Mar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 605.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 605.27 Td (22,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 605.27 Td (41.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 605.27 Td (45.45) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 605.27 Td (42.67) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 605.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 605.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 590.27 Td (Jan Mar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.60 590.27 Td (LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 590.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 590.27 Td (42.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 590.27 Td (46.15) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 590.27 Td (43.77) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 590.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.05 575.27 Td (Apr June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 575.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 575.27 Td (22,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 575.27 Td (41.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 575.27 Td (46.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 575.27 Td (43.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 575.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.05 560.27 Td (Apr June) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.60 560.27 Td (LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 560.27 Td (7,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 560.27 Td (42.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 560.27 Td (46.65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 374.65 560.27 Td (45.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.15 560.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 549.15 560.27 Td () Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 543.9736328125 m 105.009765625 543.9736328125 l s q 0 0 0 rg BT 52.50 545.31 Td (2017 Collars) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 530.27 Td (Jan Mar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 530.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 530.27 Td (4,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 530.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 530.27 Td (55.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 530.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 530.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 530.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 530.27 Td (54.80) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 515.27 Td (Jan Mar) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.60 515.27 Td (LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 515.27 Td (3,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 515.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 515.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 515.27 Td (57.35) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 515.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 515.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 515.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 515.27 Td (57.23) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.70 500.27 Td (Oct Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 500.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 500.27 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 500.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 500.27 Td (70.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.15 500.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 500.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 500.27 Td (70.00) Tj ET Q BT /F4 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 52.5 483.9736328125 m 150.6494140625 483.9736328125 l s q 0 0 0 rg BT 52.50 485.31 Td (2017 Thr) Tj ET Q q 0 0 0 rg BT 89.08 485.31 Td (ee-W) Tj ET Q q 0 0 0 rg BT 108.70 485.31 Td (ay Collars) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 150.65 485.31 Td ( ) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 153.15 489.84 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.75 470.27 Td (July Sept) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 470.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 470.27 Td (13,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 247.50 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 470.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 470.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 470.27 Td (70.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 353.50 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 470.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.50 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 470.27 Td (30.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.50 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 470.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.50 470.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 470.27 Td (69.13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.75 455.27 Td (July Sept) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.60 455.27 Td (LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 455.27 Td (2,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 455.27 Td (41.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 455.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 455.27 Td (69.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 455.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 455.27 Td (31.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 455.27 Td (41.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 455.27 Td (69.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.70 440.27 Td (Oct Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.15 440.27 Td (NYMEX) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.75 440.27 Td (10,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 440.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 440.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 440.27 Td (70.20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 440.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 440.27 Td (30.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 440.27 Td (40.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 440.27 Td (69.64) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.70 425.27 Td (Oct Dec) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 142.60 425.27 Td (LLS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.25 425.27 Td (1,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.60 425.27 Td (41.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 425.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.60 425.27 Td (70.25) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 425.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 428.65 425.27 Td (31.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 482.65 425.27 Td (41.00) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.65 425.27 Td (70.25) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 397.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 397.10 Td (Ranges ) Tj ET Q q 0 0 0 rg BT 100.34 397.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 142.06 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.13 397.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 204.40 397.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 232.24 397.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 272.29 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.92 397.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 317.43 397.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.27 397.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 367.56 397.10 Td (fixed ) Tj ET Q q 0 0 0 rg BT 391.52 397.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 418.80 397.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.53 397.10 Td (all ) Tj ET Q q 0 0 0 rg BT 443.93 397.10 Td (open ) Tj ET Q q 0 0 0 rg BT 466.77 397.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 506.27 397.10 Td (for ) Tj ET Q q 0 0 0 rg BT 521.34 397.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.96 397.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 385.10 Td (presented. ) Tj ET Q q 0 0 0 rg BT 111.37 385.10 Td ( ) Tj ET Q q 0 0 0 rg BT 114.42 385.10 Td (For ) Tj ET Q q 0 0 0 rg BT 131.36 385.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 161.07 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.55 385.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 221.58 385.10 Td (collars, ) Tj ET Q q 0 0 0 rg BT 253.79 385.10 Td (ranges ) Tj ET Q q 0 0 0 rg BT 282.94 385.10 Td (represent ) Tj ET Q q 0 0 0 rg BT 322.63 385.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.90 385.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 367.06 385.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 389.55 385.10 Td (price ) Tj ET Q q 0 0 0 rg BT 412.58 385.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.07 385.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 462.01 385.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 492.27 385.10 Td (price ) Tj ET Q q 0 0 0 rg BT 515.31 385.10 Td (for ) Tj ET Q q 0 0 0 rg BT 530.02 385.10 Td (all ) Tj ET Q q 0 0 0 rg BT 543.07 385.10 Td (open ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 373.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 106.09 373.10 Td (for ) Tj ET Q q 0 0 0 rg BT 120.25 373.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.97 373.10 Td (period ) Tj ET Q q 0 0 0 rg BT 163.02 373.10 Td (presented.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 361.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 361.10 Td (A) Tj ET Q q 0 0 0 rg BT 74.17 361.10 Td ( ) Tj ET Q q 0 0 0 rg BT 76.34 361.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 118.49 361.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 143.42 361.10 Td (is ) Tj ET Q q 0 0 0 rg BT 152.26 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.87 361.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 192.15 361.10 Td (collar ) Tj ET Q q 0 0 0 rg BT 217.08 361.10 Td (contract ) Tj ET Q q 0 0 0 rg BT 251.46 361.10 Td (combined ) Tj ET Q q 0 0 0 rg BT 293.06 361.10 Td (with ) Tj ET Q q 0 0 0 rg BT 313.01 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 319.62 361.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 338.46 361.10 Td (put ) Tj ET Q q 0 0 0 rg BT 353.41 361.10 Td (feature ) Tj ET Q q 0 0 0 rg BT 383.33 361.10 Td (\(at ) Tj ET Q q 0 0 0 rg BT 396.05 361.10 Td (a ) Tj ET Q q 0 0 0 rg BT 402.66 361.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 427.60 361.10 Td (price\) ) Tj ET Q q 0 0 0 rg BT 453.08 361.10 Td (with ) Tj ET Q q 0 0 0 rg BT 473.03 361.10 Td (the ) Tj ET Q q 0 0 0 rg BT 487.42 361.10 Td (same ) Tj ET Q q 0 0 0 rg BT 510.13 361.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 560.02 361.10 Td (. ) Tj ET Q q 0 0 0 rg BT 565.02 361.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 349.10 Td (The ) Tj ET Q q 0 0 0 rg BT 84.87 349.10 Td (value ) Tj ET Q q 0 0 0 rg BT 108.34 349.10 Td (received ) Tj ET Q q 0 0 0 rg BT 144.03 349.10 Td (for ) Tj ET Q q 0 0 0 rg BT 157.51 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.54 349.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 190.03 349.10 Td (put ) Tj ET Q q 0 0 0 rg BT 204.63 349.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.12 349.10 Td (used ) Tj ET Q q 0 0 0 rg BT 233.27 349.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.87 349.10 Td (enhance ) Tj ET Q q 0 0 0 rg BT 277.45 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 291.48 349.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 334.94 349.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 356.20 349.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.46 349.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 401.49 349.10 Td (price ) Tj ET Q q 0 0 0 rg BT 423.30 349.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.45 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.49 349.10 Td (related ) Tj ET Q q 0 0 0 rg BT 476.51 349.10 Td (collar) Tj ET Q q 0 0 0 rg BT 498.72 349.10 Td (. ) Tj ET Q q 0 0 0 rg BT 503.04 349.10 Td ( ) Tj ET Q q 0 0 0 rg BT 504.46 349.10 Td (At ) Tj ET Q q 0 0 0 rg BT 516.28 349.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.32 349.10 Td (contract ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 337.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 110.60 337.10 Td (date, ) Tj ET Q q 0 0 0 rg BT 131.76 337.10 Td (\(1\) ) Tj ET Q q 0 0 0 rg BT 145.42 337.10 Td (if ) Tj ET Q q 0 0 0 rg BT 153.54 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.76 337.10 Td (index ) Tj ET Q q 0 0 0 rg BT 191.98 337.10 Td (price ) Tj ET Q q 0 0 0 rg BT 213.97 337.10 Td (is ) Tj ET Q q 0 0 0 rg BT 222.64 337.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 250.19 337.10 Td (than ) Tj ET Q q 0 0 0 rg BT 269.41 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.63 337.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 312.84 337.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 337.33 337.10 Td (we ) Tj ET Q q 0 0 0 rg BT 351.00 337.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 367.44 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.66 337.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 434.19 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 448.42 337.10 Td (dif) Tj ET Q q 0 0 0 rg BT 459.34 337.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 490.76 337.10 Td (between ) Tj ET Q q 0 0 0 rg BT 526.08 337.10 Td (the ) Tj ET Q q 0 0 0 rg BT 540.30 337.10 Td (index ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 325.10 Td (price ) Tj ET Q q 0 0 0 rg BT 89.80 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 106.55 325.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 136.07 325.10 Td (price ) Tj ET Q q 0 0 0 rg BT 158.37 325.10 Td (for ) Tj ET Q q 0 0 0 rg BT 172.34 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 186.86 325.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 230.82 325.10 Td (volumes, ) Tj ET Q q 0 0 0 rg BT 269.51 325.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 283.48 325.10 Td (if ) Tj ET Q q 0 0 0 rg BT 291.90 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.43 325.10 Td (index ) Tj ET Q q 0 0 0 rg BT 330.96 325.10 Td (price ) Tj ET Q q 0 0 0 rg BT 353.26 325.10 Td (is ) Tj ET Q q 0 0 0 rg BT 362.24 325.10 Td (between ) Tj ET Q q 0 0 0 rg BT 397.86 325.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.39 325.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 434.14 325.10 Td (and ) Tj ET Q q 0 0 0 rg BT 450.89 325.10 Td (ceiling ) Tj ET Q q 0 0 0 rg BT 480.41 325.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 505.21 325.10 Td (no ) Tj ET Q q 0 0 0 rg BT 517.52 325.10 Td (settlements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 313.10 Td (occur) Tj ET Q q 0 0 0 rg BT 89.31 313.10 Td (, ) Tj ET Q q 0 0 0 rg BT 93.46 313.10 Td (\(3\) ) Tj ET Q q 0 0 0 rg BT 106.77 313.10 Td (if ) Tj ET Q q 0 0 0 rg BT 114.53 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.40 313.10 Td (index ) Tj ET Q q 0 0 0 rg BT 152.27 313.10 Td (price ) Tj ET Q q 0 0 0 rg BT 173.91 313.10 Td (is ) Tj ET Q q 0 0 0 rg BT 182.23 313.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 206.66 313.10 Td (than ) Tj ET Q q 0 0 0 rg BT 225.52 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 239.39 313.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 260.49 313.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.12 313.10 Td (but ) Tj ET Q q 0 0 0 rg BT 296.56 313.10 Td (at ) Tj ET Q q 0 0 0 rg BT 305.42 313.10 Td (or ) Tj ET Q q 0 0 0 rg BT 315.41 313.10 Td (above ) Tj ET Q q 0 0 0 rg BT 340.94 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.81 313.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 373.13 313.10 Td (put ) Tj ET Q q 0 0 0 rg BT 387.56 313.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 411.70 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 425.57 313.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 477.75 313.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 497.74 313.10 Td (us ) Tj ET Q q 0 0 0 rg BT 508.28 313.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.15 313.10 Td (dif) Tj ET Q q 0 0 0 rg BT 533.08 313.10 Td (ference ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 301.10 Td (between ) Tj ET Q q 0 0 0 rg BT 103.72 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.85 301.10 Td (index ) Tj ET Q q 0 0 0 rg BT 143.97 301.10 Td (price ) Tj ET Q q 0 0 0 rg BT 166.86 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.21 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.33 301.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 221.68 301.10 Td (price ) Tj ET Q q 0 0 0 rg BT 244.57 301.10 Td (for ) Tj ET Q q 0 0 0 rg BT 259.13 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.26 301.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 318.81 301.10 Td (volumes ) Tj ET Q q 0 0 0 rg BT 355.60 301.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.94 301.10 Td (\(4\) ) Tj ET Q q 0 0 0 rg BT 387.51 301.10 Td (if ) Tj ET Q q 0 0 0 rg BT 396.53 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.65 301.10 Td (index ) Tj ET Q q 0 0 0 rg BT 436.77 301.10 Td (price ) Tj ET Q q 0 0 0 rg BT 459.67 301.10 Td (is ) Tj ET Q q 0 0 0 rg BT 469.24 301.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 494.92 301.10 Td (than ) Tj ET Q q 0 0 0 rg BT 515.04 301.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.16 301.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 549.74 301.10 Td (put ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 289.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 92.49 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 107.20 289.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 160.23 289.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 181.06 289.10 Td (us ) Tj ET Q q 0 0 0 rg BT 192.46 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 207.17 289.10 Td (dif) Tj ET Q q 0 0 0 rg BT 218.10 289.10 Td (ference ) Tj ET Q q 0 0 0 rg BT 250.01 289.10 Td (between ) Tj ET Q q 0 0 0 rg BT 285.83 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.55 289.10 Td (floor ) Tj ET Q q 0 0 0 rg BT 322.49 289.10 Td (price ) Tj ET Q q 0 0 0 rg BT 344.97 289.10 Td (and ) Tj ET Q q 0 0 0 rg BT 361.91 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 376.63 289.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 395.80 289.10 Td (put ) Tj ET Q q 0 0 0 rg BT 411.07 289.10 Td (price ) Tj ET Q q 0 0 0 rg BT 433.56 289.10 Td (for ) Tj ET Q q 0 0 0 rg BT 447.72 289.10 Td (the ) Tj ET Q q 0 0 0 rg BT 462.44 289.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 506.58 289.10 Td (volumes.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 265.10 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 265.10 Td (9. ) Tj ET Q q 0 0 0 rg BT 81.99 265.10 Td (Fair) Tj ET Q q 0 0 0 rg BT 100.13 265.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.45 265.10 Td (V) Tj ET Q q 0 0 0 rg BT 108.76 265.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 129.04 265.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 161.62 265.10 Td (ements) Tj ET Q BT /F2 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 241.10 Td (The ) Tj ET Q q 0 0 0 rg BT 86.19 241.10 Td (F) Tj ET Q q 0 0 0 rg BT 91.00 241.10 Td (ASC ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 113.60 241.10 Td (Fair ) Tj ET Q q 0 0 0 rg BT 134.51 241.10 Td (V) Tj ET Q q 0 0 0 rg BT 139.51 241.10 Td (alue ) Tj ET Q q 0 0 0 rg BT 159.87 241.10 Td (Measur) Tj ET Q q 0 0 0 rg BT 190.05 241.10 Td (ement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 213.93 241.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.07 241.10 Td (topic ) Tj ET Q q 0 0 0 rg BT 240.20 241.10 Td (defines ) Tj ET Q q 0 0 0 rg BT 272.21 241.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 289.23 241.10 Td (value ) Tj ET Q q 0 0 0 rg BT 314.02 241.10 Td (as ) Tj ET Q q 0 0 0 rg BT 325.49 241.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.85 241.10 Td (price ) Tj ET Q q 0 0 0 rg BT 363.97 241.10 Td (that ) Tj ET Q q 0 0 0 rg BT 382.11 241.10 Td (would ) Tj ET Q q 0 0 0 rg BT 410.25 241.10 Td (be ) Tj ET Q q 0 0 0 rg BT 422.82 241.10 Td (received ) Tj ET Q q 0 0 0 rg BT 459.82 241.10 Td (to ) Tj ET Q q 0 0 0 rg BT 470.74 241.10 Td (sell ) Tj ET Q q 0 0 0 rg BT 487.77 241.10 Td (an ) Tj ET Q q 0 0 0 rg BT 500.34 241.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 522.92 241.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.39 241.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 554.74 241.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 229.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 83.01 229.10 Td (a ) Tj ET Q q 0 0 0 rg BT 90.43 229.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 124.51 229.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.27 229.10 Td (an ) Tj ET Q q 0 0 0 rg BT 147.68 229.10 Td (orderly ) Tj ET Q q 0 0 0 rg BT 179.53 229.10 Td (transaction ) Tj ET Q q 0 0 0 rg BT 226.38 229.10 Td (between ) Tj ET Q q 0 0 0 rg BT 262.67 229.10 Td (market ) Tj ET Q q 0 0 0 rg BT 293.41 229.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 343.04 229.10 Td (at ) Tj ET Q q 0 0 0 rg BT 353.23 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.43 229.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 424.71 229.10 Td (date ) Tj ET Q q 0 0 0 rg BT 444.34 229.10 Td (\(often ) Tj ET Q q 0 0 0 rg BT 471.20 229.10 Td (referred ) Tj ET Q q 0 0 0 rg BT 505.81 229.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.56 229.10 Td (as ) Tj ET Q q 0 0 0 rg BT 527.87 229.10 Td (the ) Tj ET Q q 0 0 0 rg BT 543.06 229.10 Td (exit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 217.10 Td (price\).) Tj ET Q q 0 0 0 rg BT 84.57 217.10 Td (W) Tj ET Q q 0 0 0 rg BT 93.21 217.10 Td (e ) Tj ET Q q 0 0 0 rg BT 101.36 217.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 130.06 217.10 Td (market ) Tj ET Q q 0 0 0 rg BT 161.54 217.10 Td (data ) Tj ET Q q 0 0 0 rg BT 181.91 217.10 Td (or ) Tj ET Q q 0 0 0 rg BT 193.95 217.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 247.11 217.10 Td (that ) Tj ET Q q 0 0 0 rg BT 265.82 217.10 Td (market ) Tj ET Q q 0 0 0 rg BT 297.29 217.10 Td (participants ) Tj ET Q q 0 0 0 rg BT 347.66 217.10 Td (would ) Tj ET Q q 0 0 0 rg BT 376.37 217.10 Td (use ) Tj ET Q q 0 0 0 rg BT 393.41 217.10 Td (in ) Tj ET Q q 0 0 0 rg BT 404.90 217.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 436.94 217.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.87 217.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 476.02 217.10 Td (or ) Tj ET Q q 0 0 0 rg BT 488.06 217.10 Td (liability) Tj ET Q q 0 0 0 rg BT 518.52 217.10 Td (, ) Tj ET Q q 0 0 0 rg BT 524.73 217.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 205.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 102.00 205.10 Td (about ) Tj ET Q q 0 0 0 rg BT 127.27 205.10 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.33 205.10 Td (and ) Tj ET Q q 0 0 0 rg BT 162.82 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.09 205.10 Td (risks ) Tj ET Q q 0 0 0 rg BT 200.04 205.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 235.85 205.10 Td (in ) Tj ET Q q 0 0 0 rg BT 246.69 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.96 205.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 289.46 205.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.29 205.10 Td (the ) Tj ET Q q 0 0 0 rg BT 315.56 205.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 355.83 205.10 Td (technique.) Tj ET Q q 0 0 0 rg BT 402.02 205.10 Td (These ) Tj ET Q q 0 0 0 rg BT 428.95 205.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 456.46 205.10 Td (can ) Tj ET Q q 0 0 0 rg BT 473.39 205.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.88 205.10 Td (readily ) Tj ET Q q 0 0 0 rg BT 516.70 205.10 Td (observable, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 193.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.85 193.10 Td (corroborated ) Tj ET Q q 0 0 0 rg BT 133.51 193.10 Td (or ) Tj ET Q q 0 0 0 rg BT 144.42 193.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 184.21 193.10 Td (unobservable.) Tj ET Q q 0 0 0 rg BT 244.84 193.10 Td (W) Tj ET Q q 0 0 0 rg BT 253.48 193.10 Td (e ) Tj ET Q q 0 0 0 rg BT 260.50 193.10 Td (primarily ) Tj ET Q q 0 0 0 rg BT 300.29 193.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 325.09 193.10 Td (the ) Tj ET Q q 0 0 0 rg BT 339.89 193.10 Td (income ) Tj ET Q q 0 0 0 rg BT 371.91 193.10 Td (approach ) Tj ET Q q 0 0 0 rg BT 411.14 193.10 Td (for ) Tj ET Q q 0 0 0 rg BT 425.38 193.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 464.61 193.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 481.06 193.10 Td (value ) Tj ET Q q 0 0 0 rg BT 505.30 193.10 Td (measurements ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 181.10 Td (and ) Tj ET Q q 0 0 0 rg BT 67.30 181.10 Td (endeavor ) Tj ET Q q 0 0 0 rg BT 107.31 181.10 Td (to ) Tj ET Q q 0 0 0 rg BT 118.45 181.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 146.81 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.39 181.10 Td (best ) Tj ET Q q 0 0 0 rg BT 181.86 181.10 Td (available ) Tj ET Q q 0 0 0 rg BT 221.31 181.10 Td (information.) Tj ET Q q 0 0 0 rg BT 275.47 181.10 Td (Accordingly) Tj ET Q q 0 0 0 rg BT 324.81 181.10 Td (, ) Tj ET Q q 0 0 0 rg BT 330.67 181.10 Td (we ) Tj ET Q q 0 0 0 rg BT 345.69 181.10 Td (utilize ) Tj ET Q q 0 0 0 rg BT 374.05 181.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 414.62 181.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 460.75 181.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.11 181.10 Td (maximize ) Tj ET Q q 0 0 0 rg BT 521.90 181.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.48 181.10 Td (use ) Tj ET Q q 0 0 0 rg BT 554.17 181.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 169.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 94.22 169.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 120.07 169.10 Td (and ) Tj ET Q q 0 0 0 rg BT 135.91 169.10 Td (minimize ) Tj ET Q q 0 0 0 rg BT 175.08 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 188.70 169.10 Td (use ) Tj ET Q q 0 0 0 rg BT 203.43 169.10 Td (of ) Tj ET Q q 0 0 0 rg BT 213.17 169.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 267.89 169.10 Td (inputs.) Tj ET Q q 0 0 0 rg BT 299.65 169.10 Td (W) Tj ET Q q 0 0 0 rg BT 308.29 169.10 Td (e ) Tj ET Q q 0 0 0 rg BT 314.13 169.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.74 169.10 Td (able ) Tj ET Q q 0 0 0 rg BT 345.80 169.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.98 169.10 Td (classify ) Tj ET Q q 0 0 0 rg BT 386.93 169.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 402.21 169.10 Td (value ) Tj ET Q q 0 0 0 rg BT 425.27 169.10 Td (balances ) Tj ET Q q 0 0 0 rg BT 461.10 169.10 Td (based ) Tj ET Q q 0 0 0 rg BT 485.27 169.10 Td (on ) Tj ET Q q 0 0 0 rg BT 496.67 169.10 Td (the ) Tj ET Q q 0 0 0 rg BT 510.29 169.10 Td (observability ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 157.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 157.10 Td (those ) Tj ET Q q 0 0 0 rg BT 83.73 157.10 Td (inputs.) Tj ET Q q 0 0 0 rg BT 115.50 157.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.45 157.10 Td (F) Tj ET Q q 0 0 0 rg BT 138.26 157.10 Td (ASC ) Tj ET Q q 0 0 0 rg BT 160.12 157.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 205.84 157.10 Td (a ) Tj ET Q q 0 0 0 rg BT 212.67 157.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 228.95 157.10 Td (value ) Tj ET Q q 0 0 0 rg BT 253.00 157.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 293.15 157.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.54 157.10 Td (prioritizes ) Tj ET Q q 0 0 0 rg BT 353.48 157.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.10 157.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 394.94 157.10 Td (used ) Tj ET Q q 0 0 0 rg BT 415.67 157.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.85 157.10 Td (measure ) Tj ET Q q 0 0 0 rg BT 461.56 157.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 477.83 157.10 Td (value.) Tj ET Q q 0 0 0 rg BT 506.81 157.10 Td (The ) Tj ET Q q 0 0 0 rg BT 524.75 157.10 Td (hierarchy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 145.10 Td (gives ) Tj ET Q q 0 0 0 rg BT 73.53 145.10 Td (the ) Tj ET Q q 0 0 0 rg BT 88.67 145.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 120.48 145.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 153.40 145.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.10 145.10 Td (unadjusted ) Tj ET Q q 0 0 0 rg BT 210.34 145.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 240.48 145.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 267.28 145.10 Td (in ) Tj ET Q q 0 0 0 rg BT 277.98 145.10 Td (active ) Tj ET Q q 0 0 0 rg BT 304.78 145.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 339.36 145.10 Td (for ) Tj ET Q q 0 0 0 rg BT 353.94 145.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 391.29 145.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 417.54 145.10 Td (or ) Tj ET Q q 0 0 0 rg BT 428.79 145.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 468.93 145.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 497.95 145.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 505.87 145.10 Td (measurement\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 133.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.24 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 80.75 133.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 109.16 133.10 Td (priority ) Tj ET Q q 0 0 0 rg BT 141.45 133.10 Td (to ) Tj ET Q q 0 0 0 rg BT 151.52 133.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 207.14 133.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 233.88 133.10 Td (\(Level ) Tj ET Q q 0 0 0 rg BT 262.27 133.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 269.57 133.10 Td (measurement\).) Tj ET Q q 0 0 0 rg BT 333.53 133.10 Td (The ) Tj ET Q q 0 0 0 rg BT 351.38 133.10 Td (three ) Tj ET Q q 0 0 0 rg BT 373.66 133.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 399.28 133.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.91 133.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.42 133.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 440.60 133.10 Td (value ) Tj ET Q q 0 0 0 rg BT 464.55 133.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 504.60 133.10 Td (are ) Tj ET Q q 0 0 0 rg BT 519.10 133.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.73 133.10 Td (follows:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 109.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 109.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.76 109.10 Td (1 ) Tj ET Q q 0 0 0 rg BT 118.26 109.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.76 109.10 Td (Quoted ) Tj ET Q q 0 0 0 rg BT 157.70 109.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 184.08 109.10 Td (in ) Tj ET Q q 0 0 0 rg BT 194.36 109.10 Td (active ) Tj ET Q q 0 0 0 rg BT 220.73 109.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 254.88 109.10 Td (for ) Tj ET Q q 0 0 0 rg BT 269.04 109.10 Td (identical ) Tj ET Q q 0 0 0 rg BT 305.97 109.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 331.80 109.10 Td (or ) Tj ET Q q 0 0 0 rg BT 342.63 109.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 382.35 109.10 Td (as ) Tj ET Q q 0 0 0 rg BT 393.18 109.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.01 109.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.73 109.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 457.88 109.10 Td (date.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 85.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 85.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 110.92 85.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 118.58 85.10 Td ( ) Tj ET Q q 0 0 0 rg BT 126.23 85.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 157.78 85.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 184.88 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 199.74 85.10 Td (other ) Tj ET Q q 0 0 0 rg BT 222.95 85.10 Td (than ) Tj ET Q q 0 0 0 rg BT 242.82 85.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 272.69 85.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 299.23 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 309.66 85.10 Td (active ) Tj ET Q q 0 0 0 rg BT 336.19 85.10 Td (markets ) Tj ET Q q 0 0 0 rg BT 370.50 85.10 Td (included ) Tj ET Q q 0 0 0 rg BT 407.59 85.10 Td (in ) Tj ET Q q 0 0 0 rg BT 418.02 85.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 443.44 85.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 453.60 85.10 Td (which ) Tj ET Q q 0 0 0 rg BT 480.70 85.10 Td (are ) Tj ET Q q 0 0 0 rg BT 495.56 85.10 Td (either ) Tj ET Q q 0 0 0 rg BT 520.98 85.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 554.18 85.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 73.10 Td (indirectly ) Tj ET Q q 0 0 0 rg BT 126.37 73.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 172.23 73.10 Td (as ) Tj ET Q q 0 0 0 rg BT 183.11 73.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.99 73.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.75 73.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 244.62 73.10 Td (date.Level ) Tj ET Q q 0 0 0 rg BT 294.08 73.10 Td (2 ) Tj ET Q q 0 0 0 rg BT 301.63 73.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 337.50 73.10 Td (those ) Tj ET Q q 0 0 0 rg BT 361.16 73.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 398.69 73.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 447.90 73.10 Td (that ) Tj ET Q q 0 0 0 rg BT 465.44 73.10 Td (are ) Tj ET Q q 0 0 0 rg BT 480.20 73.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 509.40 73.10 Td (using ) Tj ET Q q 0 0 0 rg BT 533.62 73.10 Td (models ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 61.10 Td (or ) Tj ET Q q 0 0 0 rg BT 95.56 61.10 Td (other ) Tj ET Q q 0 0 0 rg BT 117.83 61.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 156.77 61.10 Td (methodologies.Instruments ) Tj ET Q q 0 0 0 rg BT 272.09 61.10 Td (in ) Tj ET Q q 0 0 0 rg BT 281.60 61.10 Td (this ) Tj ET Q q 0 0 0 rg BT 297.77 61.10 Td (category ) Tj ET Q q 0 0 0 rg BT 333.92 61.10 Td (include ) Tj ET Q q 0 0 0 rg BT 365.08 61.10 Td (non-exchange-traded ) Tj ET Q q 0 0 0 rg BT 451.21 61.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 463.49 61.10 Td (derivatives ) Tj ET Q q 0 0 0 rg BT 509.09 61.10 Td (that ) Tj ET Q q 0 0 0 rg BT 525.81 61.10 Td (are ) Tj ET Q q 0 0 0 rg BT 539.74 61.10 Td (based ) Tj ET Q endstream endobj 187 0 obj <> endobj 188 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (93) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 98.00 713.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 137.16 713.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 167.98 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 184.91 713.10 Td (fixed-price ) Tj ET Q q 0 0 0 rg BT 231.27 713.10 Td (swaps ) Tj ET Q q 0 0 0 rg BT 258.21 713.10 Td (that ) Tj ET Q q 0 0 0 rg BT 275.70 713.10 Td (are ) Tj ET Q q 0 0 0 rg BT 290.40 713.10 Td (based ) Tj ET Q q 0 0 0 rg BT 315.66 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 328.16 713.10 Td (regional ) Tj ET Q q 0 0 0 rg BT 363.42 713.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 394.24 713.10 Td (other ) Tj ET Q q 0 0 0 rg BT 417.28 713.10 Td (than ) Tj ET Q q 0 0 0 rg BT 436.99 713.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 476.15 713.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 498.91 713.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 523.07 713.10 Td (Louisiana ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 701.10 Td (Sweet\).Our ) Tj ET Q q 0 0 0 rg BT 138.34 701.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 171.47 701.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 200.15 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 216.61 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.85 701.10 Td (sold ) Tj ET Q q 0 0 0 rg BT 249.54 701.10 Td (put ) Tj ET Q q 0 0 0 rg BT 264.34 701.10 Td (features ) Tj ET Q q 0 0 0 rg BT 298.00 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.36 701.10 Td (our ) Tj ET Q q 0 0 0 rg BT 323.71 701.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 365.71 701.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 394.38 701.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.61 701.10 Td (valued ) Tj ET Q q 0 0 0 rg BT 437.29 701.10 Td (using ) Tj ET Q q 0 0 0 rg BT 460.98 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.22 701.10 Td (Black-Scholes ) Tj ET Q q 0 0 0 rg BT 535.00 701.10 Td (model, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 689.10 Td (an ) Tj ET Q q 0 0 0 rg BT 97.55 689.10 Td (industry ) Tj ET Q q 0 0 0 rg BT 132.93 689.10 Td (standard ) Tj ET Q q 0 0 0 rg BT 169.42 689.10 Td (option ) Tj ET Q q 0 0 0 rg BT 197.59 689.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 237.41 689.10 Td (model ) Tj ET Q q 0 0 0 rg BT 265.01 689.10 Td (that ) Tj ET Q q 0 0 0 rg BT 282.61 689.10 Td (takes ) Tj ET Q q 0 0 0 rg BT 305.77 689.10 Td (into ) Tj ET Q q 0 0 0 rg BT 323.94 689.10 Td (account ) Tj ET Q q 0 0 0 rg BT 357.64 689.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 384.70 689.10 Td (such ) Tj ET Q q 0 0 0 rg BT 405.63 689.10 Td (as ) Tj ET Q q 0 0 0 rg BT 416.57 689.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 463.60 689.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 490.09 689.10 Td (for ) Tj ET Q q 0 0 0 rg BT 504.36 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.18 689.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 677.10 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 137.38 677.10 Td (maturity) Tj ET Q q 0 0 0 rg BT 170.62 677.10 Td (, ) Tj ET Q q 0 0 0 rg BT 175.83 677.10 Td (quoted ) Tj ET Q q 0 0 0 rg BT 205.77 677.10 Td (forward ) Tj ET Q q 0 0 0 rg BT 240.14 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 266.74 677.10 Td (for ) Tj ET Q q 0 0 0 rg BT 281.11 677.10 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 337.99 677.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 370.15 677.10 Td (rates, ) Tj ET Q q 0 0 0 rg BT 394.24 677.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 433.07 677.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 462.99 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 480.15 677.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 505.63 677.10 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 554.18 677.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 665.10 Td (well ) Tj ET Q q 0 0 0 rg BT 106.30 665.10 Td (as ) Tj ET Q q 0 0 0 rg BT 118.22 665.10 Td (other ) Tj ET Q q 0 0 0 rg BT 142.35 665.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 178.14 665.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 220.60 665.10 Td (measures.Substantially ) Tj ET Q q 0 0 0 rg BT 321.12 665.10 Td (all ) Tj ET Q q 0 0 0 rg BT 334.70 665.10 Td (of ) Tj ET Q q 0 0 0 rg BT 346.61 665.10 Td (these ) Tj ET Q q 0 0 0 rg BT 370.75 665.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 423.78 665.10 Td (are ) Tj ET Q q 0 0 0 rg BT 439.57 665.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 486.48 665.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.84 665.10 Td (the ) Tj ET Q q 0 0 0 rg BT 513.64 665.10 Td (marketplace ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 653.10 Td (throughout ) Tj ET Q q 0 0 0 rg BT 131.82 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.48 653.10 Td (full ) Tj ET Q q 0 0 0 rg BT 162.80 653.10 Td (term ) Tj ET Q q 0 0 0 rg BT 183.57 653.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.34 653.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.99 653.10 Td (instrument, ) Tj ET Q q 0 0 0 rg BT 256.70 653.10 Td (can ) Tj ET Q q 0 0 0 rg BT 273.02 653.10 Td (be ) Tj ET Q q 0 0 0 rg BT 284.89 653.10 Td (derived ) Tj ET Q q 0 0 0 rg BT 317.32 653.10 Td (from ) Tj ET Q q 0 0 0 rg BT 339.19 653.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 384.95 653.10 Td (data ) Tj ET Q q 0 0 0 rg BT 404.04 653.10 Td (or ) Tj ET Q q 0 0 0 rg BT 414.81 653.10 Td (are ) Tj ET Q q 0 0 0 rg BT 429.45 653.10 Td (supported ) Tj ET Q q 0 0 0 rg BT 471.33 653.10 Td (by ) Tj ET Q q 0 0 0 rg BT 483.77 653.10 Td (observable ) Tj ET Q q 0 0 0 rg BT 529.52 653.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 555.28 653.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 641.10 Td (which ) Tj ET Q q 0 0 0 rg BT 112.44 641.10 Td (transactions ) Tj ET Q q 0 0 0 rg BT 162.70 641.10 Td (are ) Tj ET Q q 0 0 0 rg BT 177.41 641.10 Td (executed ) Tj ET Q q 0 0 0 rg BT 215.44 641.10 Td (in ) Tj ET Q q 0 0 0 rg BT 225.72 641.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.44 641.10 Td (marketplace.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 617.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 617.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 111.42 617.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 119.58 617.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.74 617.10 Td (Pricing ) Tj ET Q q 0 0 0 rg BT 159.78 617.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 187.39 617.10 Td (include ) Tj ET Q q 0 0 0 rg BT 219.98 617.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 265.35 617.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 292.96 617.10 Td (that ) Tj ET Q q 0 0 0 rg BT 311.11 617.10 Td (are ) Tj ET Q q 0 0 0 rg BT 326.48 617.10 Td (generally ) Tj ET Q q 0 0 0 rg BT 366.84 617.10 Td (less ) Tj ET Q q 0 0 0 rg BT 385.00 617.10 Td (observable.) Tj ET Q q 0 0 0 rg BT 435.63 617.10 Td (These ) Tj ET Q q 0 0 0 rg BT 462.67 617.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 490.27 617.10 Td (may ) Tj ET Q q 0 0 0 rg BT 510.65 617.10 Td (be ) Tj ET Q q 0 0 0 rg BT 523.24 617.10 Td (used ) Tj ET Q q 0 0 0 rg BT 544.73 617.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 605.10 Td (internally ) Tj ET Q q 0 0 0 rg BT 127.38 605.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 172.04 605.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 234.48 605.10 Td (that ) Tj ET Q q 0 0 0 rg BT 253.04 605.10 Td (result ) Tj ET Q q 0 0 0 rg BT 278.82 605.10 Td (in ) Tj ET Q q 0 0 0 rg BT 290.16 605.10 Td (management) Tj ET Q q 0 0 0 rg BT 344.03 605.10 Td (s ) Tj ET Q q 0 0 0 rg BT 351.48 605.10 Td (best ) Tj ET Q q 0 0 0 rg BT 371.15 605.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 408.03 605.10 Td (of ) Tj ET Q q 0 0 0 rg BT 419.92 605.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 437.36 605.10 Td (value. ) Tj ET Q q 0 0 0 rg BT 466.79 605.10 Td (At ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.36 605.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.00 605.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 605.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 593.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 134.05 593.10 Td (in ) Tj ET Q q 0 0 0 rg BT 143.72 593.10 Td (this ) Tj ET Q q 0 0 0 rg BT 160.05 593.10 Td (category ) Tj ET Q q 0 0 0 rg BT 196.36 593.10 Td (include ) Tj ET Q q 0 0 0 rg BT 227.68 593.10 Td (non-exchange-traded ) Tj ET Q q 0 0 0 rg BT 313.97 593.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 346.96 593.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 375.50 593.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.83 593.10 Td (three-way ) Tj ET Q q 0 0 0 rg BT 433.69 593.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 462.23 593.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.11 593.10 Td (are ) Tj ET Q q 0 0 0 rg BT 493.20 593.10 Td (based ) Tj ET Q q 0 0 0 rg BT 517.86 593.10 Td (on ) Tj ET Q q 0 0 0 rg BT 529.75 593.10 Td (regional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 581.10 Td (pricing ) Tj ET Q q 0 0 0 rg BT 116.41 581.10 Td (other ) Tj ET Q q 0 0 0 rg BT 139.55 581.10 Td (than ) Tj ET Q q 0 0 0 rg BT 159.35 581.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 198.61 581.10 Td (\(e.g., ) Tj ET Q q 0 0 0 rg BT 221.46 581.10 Td (Light ) Tj ET Q q 0 0 0 rg BT 245.71 581.10 Td (Louisiana ) Tj ET Q q 0 0 0 rg BT 287.74 581.10 Td (Sweet\). ) Tj ET Q q 0 0 0 rg BT 320.59 581.10 Td ( ) Tj ET Q q 0 0 0 rg BT 322.99 581.10 Td (The ) Tj ET Q q 0 0 0 rg BT 341.13 581.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 380.93 581.10 Td (models ) Tj ET Q q 0 0 0 rg BT 412.40 581.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 444.98 581.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.23 581.10 Td (costless ) Tj ET Q q 0 0 0 rg BT 492.93 581.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 522.17 581.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.19 581.10 Td (three-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 569.10 Td (way ) Tj ET Q q 0 0 0 rg BT 105.90 569.10 Td (collars ) Tj ET Q q 0 0 0 rg BT 136.30 569.10 Td (are ) Tj ET Q q 0 0 0 rg BT 152.25 569.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 195.99 569.10 Td (with ) Tj ET Q q 0 0 0 rg BT 217.51 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.47 569.10 Td (methodologies ) Tj ET Q q 0 0 0 rg BT 296.09 569.10 Td (described ) Tj ET Q q 0 0 0 rg BT 338.15 569.10 Td (above; ) Tj ET Q q 0 0 0 rg BT 368.55 569.10 Td (however) Tj ET Q q 0 0 0 rg BT 402.58 569.10 Td (, ) Tj ET Q q 0 0 0 rg BT 408.82 569.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.78 569.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 459.07 569.10 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 505.03 569.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 538.77 569.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.29 569.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 557.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 124.79 557.10 Td (of ) Tj ET Q q 0 0 0 rg BT 135.20 557.10 Td (Level ) Tj ET Q q 0 0 0 rg BT 160.04 557.10 Td (3 ) Tj ET Q q 0 0 0 rg BT 167.12 557.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 215.87 557.10 Td (are ) Tj ET Q q 0 0 0 rg BT 230.15 557.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 273.33 557.10 Td (using ) Tj ET Q q 0 0 0 rg BT 297.07 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 303.59 557.10 Td (benchmark, ) Tj ET Q q 0 0 0 rg BT 352.59 557.10 Td (which ) Tj ET Q q 0 0 0 rg BT 379.11 557.10 Td (is ) Tj ET Q q 0 0 0 rg BT 387.86 557.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 433.26 557.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.77 557.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 484.06 557.10 Td (unobservable ) Tj ET Q q 0 0 0 rg BT 539.46 557.10 Td (input. ) Tj ET Q q 0 0 0 rg BT 565.02 557.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 545.10 Td (An ) Tj ET Q q 0 0 0 rg BT 100.11 545.10 Td (increase ) Tj ET Q q 0 0 0 rg BT 135.26 545.10 Td (or ) Tj ET Q q 0 0 0 rg BT 145.98 545.10 Td (decrease ) Tj ET Q q 0 0 0 rg BT 182.79 545.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.51 545.10 Td (100 ) Tj ET Q q 0 0 0 rg BT 210.91 545.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 233.30 545.10 Td (points ) Tj ET Q q 0 0 0 rg BT 260.14 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.31 545.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.92 545.10 Td (implied ) Tj ET Q q 0 0 0 rg BT 317.86 545.10 Td (volatility ) Tj ET Q q 0 0 0 rg BT 356.36 545.10 Td (inputs ) Tj ET Q q 0 0 0 rg BT 383.21 545.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 415.59 545.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.76 545.10 Td (our ) Tj ET Q q 0 0 0 rg BT 441.48 545.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 457.75 545.10 Td (value ) Tj ET Q q 0 0 0 rg BT 481.80 545.10 Td (measurement ) Tj ET Q q 0 0 0 rg BT 537.50 545.10 Td (would ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 533.10 Td (result ) Tj ET Q q 0 0 0 rg BT 110.22 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 120.50 533.10 Td (a ) Tj ET Q q 0 0 0 rg BT 127.43 533.10 Td (change ) Tj ET Q q 0 0 0 rg BT 158.25 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 169.08 533.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.34 533.10 Td ($50 ) Tj ET Q q 0 0 0 rg BT 246.84 533.10 Td (thousand) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 282.95 533.10 Td ( ) Tj ET Q q 0 0 0 rg BT 285.45 533.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.72 533.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.44 533.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 326.82 533.10 Td (value ) Tj ET Q q 0 0 0 rg BT 350.97 533.10 Td (of ) Tj ET Q q 0 0 0 rg BT 361.80 533.10 Td (these ) Tj ET Q q 0 0 0 rg BT 384.85 533.10 Td (instruments ) Tj ET Q q 0 0 0 rg BT 434.02 533.10 Td (as ) Tj ET Q q 0 0 0 rg BT 444.85 533.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 455.68 533.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 514.26 533.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 534.26 533.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 509.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 509.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 509.10 Td (adjust ) Tj ET Q q 0 0 0 rg BT 110.03 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.03 509.10 Td (valuations ) Tj ET Q q 0 0 0 rg BT 168.92 509.10 Td (from ) Tj ET Q q 0 0 0 rg BT 191.15 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 206.15 509.10 Td (valuation ) Tj ET Q q 0 0 0 rg BT 246.14 509.10 Td (model ) Tj ET Q q 0 0 0 rg BT 273.92 509.10 Td (for ) Tj ET Q q 0 0 0 rg BT 288.37 509.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 356.67 509.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 376.96 509.10 Td (using ) Tj ET Q q 0 0 0 rg BT 401.41 509.10 Td (our ) Tj ET Q q 0 0 0 rg BT 417.53 509.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 453.63 509.10 Td (of ) Tj ET Q q 0 0 0 rg BT 464.75 509.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.75 509.10 Td (counterparty) Tj ET Q q 0 0 0 rg BT 533.06 509.10 Td (s ) Tj ET Q q 0 0 0 rg BT 539.74 509.10 Td (credit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 80.91 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 96.21 497.10 Td (asset ) Tj ET Q q 0 0 0 rg BT 119.29 497.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 159.04 497.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.12 497.10 Td (our ) Tj ET Q q 0 0 0 rg BT 194.08 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 220.49 497.10 Td (quality ) Tj ET Q q 0 0 0 rg BT 251.90 497.10 Td (for ) Tj ET Q q 0 0 0 rg BT 267.20 497.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 301.94 497.10 Td (positions.) Tj ET Q q 0 0 0 rg BT 345.38 497.10 Td (W) Tj ET Q q 0 0 0 rg BT 354.02 497.10 Td (e ) Tj ET Q q 0 0 0 rg BT 362.09 497.10 Td (use ) Tj ET Q q 0 0 0 rg BT 379.06 497.10 Td (multiple ) Tj ET Q q 0 0 0 rg BT 416.03 497.10 Td (sources ) Tj ET Q q 0 0 0 rg BT 449.66 497.10 Td (of ) Tj ET Q q 0 0 0 rg BT 461.62 497.10 Td (third-party ) Tj ET Q q 0 0 0 rg BT 508.03 497.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 534.43 497.10 Td (data ) Tj ET Q q 0 0 0 rg BT 554.72 497.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.10 Td (determining ) Tj ET Q q 0 0 0 rg BT 100.32 485.10 Td (counterparty ) Tj ET Q q 0 0 0 rg BT 153.35 485.10 Td (nonperformance ) Tj ET Q q 0 0 0 rg BT 221.38 485.10 Td (risk, ) Tj ET Q q 0 0 0 rg BT 241.38 485.10 Td (including ) Tj ET Q q 0 0 0 rg BT 281.65 485.10 Td (credit ) Tj ET Q q 0 0 0 rg BT 306.91 485.10 Td (default ) Tj ET Q q 0 0 0 rg BT 337.18 485.10 Td (swaps.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 461.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.57 461.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.98 461.10 Td (table ) Tj ET Q q 0 0 0 rg BT 148.94 461.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 166.46 461.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 188.43 461.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.95 461.10 Td (level ) Tj ET Q q 0 0 0 rg BT 222.91 461.10 Td (within ) Tj ET Q q 0 0 0 rg BT 250.99 461.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.73 461.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 282.13 461.10 Td (value ) Tj ET Q q 0 0 0 rg BT 306.31 461.10 Td (hierarchy ) Tj ET Q q 0 0 0 rg BT 346.59 461.10 Td (our ) Tj ET Q q 0 0 0 rg BT 362.45 461.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 399.95 461.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 425.81 461.10 Td (and ) Tj ET Q q 0 0 0 rg BT 442.77 461.10 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 482.51 461.10 Td (that ) Tj ET Q q 0 0 0 rg BT 500.03 461.10 Td (were ) Tj ET Q q 0 0 0 rg BT 521.98 461.10 Td (accounted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 449.10 Td (at ) Tj ET Q q 0 0 0 rg BT 73.38 449.10 Td (fair ) Tj ET Q q 0 0 0 rg BT 89.75 449.10 Td (value ) Tj ET Q q 0 0 0 rg BT 113.91 449.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.41 449.10 Td (a ) Tj ET Q q 0 0 0 rg BT 133.35 449.10 Td (recurring ) Tj ET Q q 0 0 0 rg BT 172.49 449.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 194.99 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 205.82 449.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.65 449.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 275.24 449.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 295.24 449.10 Td ( ) Tj ET Q q 0 0 0 rg BT 297.74 449.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.68 449.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 334.68 449.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 367.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 367.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 367.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 337.60 236.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 337.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 337.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 307.60 236.00 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Tj ET Q endstream endobj 189 0 obj <> endobj 190 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (94) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 75.33 713.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 82.83 713.25 Td (Fair) Tj ET Q q 0 0 0 rg BT 100.97 713.25 Td ( ) Tj ET Q q 0 0 0 rg BT 103.29 713.25 Td (V) Tj ET Q q 0 0 0 rg BT 109.59 713.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 129.87 713.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 162.46 713.25 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.05 689.25 Td (following ) Tj ET Q q 0 0 0 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(2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.08 677.25 Td ( ) Tj ET Q q 0 0 0 rg BT 130.58 677.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.52 677.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 167.52 677.25 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 637.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 637.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 637.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 607.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 607.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 607.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 577.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 577.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 577.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 577.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 652.75 m 492.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 652.75 m 496.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 652.75 m 561.5 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 637.75 m 423.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 637.75 m 492.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 637.75 m 561.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 637.75 m 492.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 637.75 m 561.5 637.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 592.75 m 492.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 592.75 m 561.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 592.75 m 492.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 578.75 m 492.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 576.75 m 492.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 592.75 m 561.5 592.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 578.75 m 561.5 578.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 576.75 m 561.5 576.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 528.75 m 492.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 526.75 m 492.5 526.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 528.75 m 561.5 528.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 526.75 m 561.5 526.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 441.45 657.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 642.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 642.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 642.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 627.42 Td (Fair value of Level 3 instruments, beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 627.42 Td (52,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 627.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 627.42 Td (188,446) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 612.42 Td (Fair value adjustments on commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 612.47 Td (\(2,135) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 612.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 612.42 Td (43,378) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 597.42 Td (Receipt on settlements of commodity derivatives) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 597.47 Td (\(51,225) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 597.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 597.47 Td (\(178,990) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 597.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 582.42 Td (Fair value of Level 3 instruments, end of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 582.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 582.47 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 582.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 582.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 582.42 Td (52,834) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.42 Td (The amount of total gains \(losses\) for the period included in earnings attributable to the) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 542.42 Td (change in unrealized gains \(losses\) relating to assets or liabilities still held at the reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 532.42 Td (date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 532.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.30 532.47 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 532.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 532.42 Td (21,509) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 504.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 504.25 Td (e ) Tj ET Q q 0 0 0 rg BT 84.53 504.25 Td (utilize ) Tj ET Q q 0 0 0 rg BT 113.47 504.25 Td (an ) Tj ET Q q 0 0 0 rg BT 126.86 504.25 Td (income ) Tj ET Q q 0 0 0 rg BT 160.24 504.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 200.84 504.25 Td (to ) Tj ET Q q 0 0 0 rg BT 212.57 504.25 Td (value ) Tj ET Q q 0 0 0 rg BT 238.17 504.25 Td (our ) Tj ET Q q 0 0 0 rg BT 255.45 504.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 282.17 504.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 291.12 504.25 Td (costless ) Tj ET Q q 0 0 0 rg BT 326.18 504.25 Td (collars ) Tj ET Q q 0 0 0 rg BT 356.78 504.25 Td (and ) Tj ET Q q 0 0 0 rg BT 375.17 504.25 Td (three-way ) Tj ET Q q 0 0 0 rg BT 419.10 504.25 Td (collars. ) Tj ET Q q 0 0 0 rg BT 452.20 504.25 Td ( ) Tj ET Q q 0 0 0 rg BT 455.87 504.25 Td (W) Tj ET Q q 0 0 0 rg BT 464.51 504.25 Td (e ) Tj ET Q q 0 0 0 rg BT 472.90 504.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 501.84 504.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.23 504.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 550.28 504.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 492.25 Td (appropriateness ) Tj ET Q q 0 0 0 rg BT 114.82 492.25 Td (of ) Tj ET Q q 0 0 0 rg BT 125.72 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 140.50 492.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 185.28 492.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 212.30 492.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.64 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.43 492.25 Td (calculation, ) Tj ET Q q 0 0 0 rg BT 286.36 492.25 Td (including ) Tj ET Q q 0 0 0 rg BT 326.70 492.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 373.69 492.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 400.13 492.25 Td (for ) Tj ET Q q 0 0 0 rg BT 414.36 492.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.15 492.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 475.04 492.25 Td (instruments, ) Tj ET Q q 0 0 0 rg BT 526.77 492.25 Td (maturity) Tj ET Q q 0 0 0 rg BT 560.00 492.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 480.25 Td (forward ) Tj ET Q q 0 0 0 rg BT 83.53 480.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 109.80 480.25 Td (for ) Tj ET Q q 0 0 0 rg BT 123.84 480.25 Td (commodities, ) Tj ET Q q 0 0 0 rg BT 180.38 480.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 212.20 480.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 235.96 480.25 Td (volatility ) Tj ET Q q 0 0 0 rg BT 274.46 480.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 304.05 480.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.87 480.25 Td (credit ) Tj ET Q q 0 0 0 rg BT 346.02 480.25 Td (worthiness, ) Tj ET Q q 0 0 0 rg BT 394.23 480.25 Td (and ) Tj ET Q q 0 0 0 rg BT 411.06 480.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.66 480.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 441.92 480.25 Td (value ) Tj ET Q q 0 0 0 rg BT 465.96 480.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 501.66 480.25 Td (is ) Tj ET Q q 0 0 0 rg BT 510.72 480.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 548.08 480.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 468.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 88.58 468.25 Td (on ) Tj ET Q q 0 0 0 rg BT 101.01 468.25 Td (a ) Tj ET Q q 0 0 0 rg BT 107.88 468.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 146.40 468.25 Td (basis. ) Tj ET Q q 0 0 0 rg BT 171.33 468.25 Td ( ) Tj ET Q q 0 0 0 rg BT 173.59 468.25 Td (The ) Tj ET Q q 0 0 0 rg BT 191.56 468.25 Td (following ) Tj ET Q q 0 0 0 rg BT 232.88 468.25 Td (table ) Tj ET Q q 0 0 0 rg BT 254.75 468.25 Td (details ) Tj ET Q q 0 0 0 rg BT 283.28 468.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 299.59 468.25 Td (value ) Tj ET Q q 0 0 0 rg BT 323.67 468.25 Td (inputs ) Tj ET Q q 0 0 0 rg BT 350.55 468.25 Td (related ) Tj ET Q q 0 0 0 rg BT 380.18 468.25 Td (to ) Tj ET Q q 0 0 0 rg BT 390.39 468.25 Td (implied ) Tj ET Q q 0 0 0 rg BT 423.38 468.25 Td (volatilities ) Tj ET Q q 0 0 0 rg BT 468.02 468.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 500.44 468.25 Td (in ) Tj ET Q q 0 0 0 rg BT 510.65 468.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.30 468.25 Td (valuation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 456.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 456.25 Td (our ) Tj ET Q q 0 0 0 rg BT 76.16 456.25 Td (Level ) Tj ET Q q 0 0 0 rg BT 101.42 456.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 108.92 456.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 121.98 456.25 Td (derivative ) Tj ET Q q 0 0 0 rg BT 164.46 456.25 Td (contracts:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 410.75 70.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 120.00 410.75 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 124.00 410.75 70.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 194.00 410.75 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 198.00 410.75 65.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 263.00 410.75 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 267.00 410.75 206.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.00 410.75 4.00 -35.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 477.00 410.75 85.00 -35.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124 410.75 m 194 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 198 410.75 m 263 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 410.75 m 473 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 410.75 m 562 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 124 410.75 m 194 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 267 410.75 m 473 410.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 477 410.75 m 562 410.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.00 435.42 Td (Fair Value at) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.70 425.42 Td (12/31/2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 130.00 415.42 Td (\(in thousands\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.80 425.42 Td (Valuation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.20 415.42 Td (Technique) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.90 415.42 Td (Unobservable Input) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.20 415.42 Td (Range) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 390.42 Td (Oil derivative) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 380.42 Td (contracts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.50 380.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 171.80 380.42 Td (\(526) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.15 380.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 207.20 400.42 Td (Discounted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 208.05 390.42 Td (cash flow /) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.10 380.42 Td (Black-Scholes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 390.42 Td (Volatility of Light Louisiana Sweet for settlement) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.50 380.42 Td (periods beginning after December 31, 2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.15 380.42 Td (15.3% 38.4%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 352.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 352.25 Td ( Fair) Tj ET Q q 0 0 0 rg BT 95.51 352.25 Td ( ) Tj ET Q q 0 0 0 rg BT 97.83 352.25 Td (V) Tj ET Q q 0 0 0 rg BT 104.13 352.25 Td (alue Measur) Tj ET Q q 0 0 0 rg BT 157.00 352.25 Td (ements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 328.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.79 328.25 Td (carrying ) Tj ET Q q 0 0 0 rg BT 121.86 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 146.26 328.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.33 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 173.41 328.25 Td (loans ) Tj ET Q q 0 0 0 rg BT 197.27 328.25 Td (under ) Tj ET Q q 0 0 0 rg BT 222.78 328.25 Td (our ) Tj ET Q q 0 0 0 rg BT 238.86 328.25 Td (Bank ) Tj ET Q q 0 0 0 rg BT 262.71 328.25 Td (Credit ) Tj ET Q q 0 0 0 rg BT 289.85 328.25 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 337.02 328.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 389.75 328.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 406.37 328.25 Td (value, ) Tj ET Q q 0 0 0 rg BT 433.27 328.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.35 328.25 Td (they ) Tj ET Q q 0 0 0 rg BT 464.31 328.25 Td (are ) Tj ET Q q 0 0 0 rg BT 479.26 328.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.34 328.25 Td (to ) Tj ET Q q 0 0 0 rg BT 520.86 328.25 Td (short-term ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (floating ) Tj ET Q q 0 0 0 rg BT 82.91 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 114.65 316.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 135.84 316.25 Td (that ) Tj ET Q q 0 0 0 rg BT 153.14 316.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 205.43 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.95 316.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 241.13 316.25 Td (available ) Tj ET Q q 0 0 0 rg BT 279.53 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 289.61 316.25 Td (us ) Tj ET Q q 0 0 0 rg BT 300.81 316.25 Td (for ) Tj ET Q q 0 0 0 rg BT 314.78 316.25 Td (those ) Tj ET Q q 0 0 0 rg BT 338.20 316.25 Td (periods.) Tj ET Q q 0 0 0 rg BT 374.95 316.25 Td (W) Tj ET Q q 0 0 0 rg BT 383.59 316.25 Td (e ) Tj ET Q q 0 0 0 rg BT 390.34 316.25 Td (use ) Tj ET Q q 0 0 0 rg BT 405.97 316.25 Td (a ) Tj ET Q q 0 0 0 rg BT 412.72 316.25 Td (market ) Tj ET Q q 0 0 0 rg BT 442.79 316.25 Td (approach ) Tj ET Q q 0 0 0 rg BT 481.74 316.25 Td (to ) Tj ET Q q 0 0 0 rg BT 491.83 316.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 534.12 316.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.64 316.25 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (value ) Tj ET Q q 0 0 0 rg BT 73.66 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 84.49 304.25 Td (our ) Tj ET Q q 0 0 0 rg BT 100.32 304.25 Td (fixed-rate ) Tj ET Q q 0 0 0 rg BT 141.68 304.25 Td (long-term ) Tj ET Q q 0 0 0 rg BT 183.62 304.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 203.34 304.25 Td (using ) Tj ET Q q 0 0 0 rg BT 227.51 304.25 Td (observable ) Tj ET Q q 0 0 0 rg BT 273.33 304.25 Td (market ) Tj ET Q q 0 0 0 rg BT 303.59 304.25 Td (data. ) Tj ET Q q 0 0 0 rg BT 325.25 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.57 304.25 Td (The ) Tj ET Q q 0 0 0 rg BT 345.62 304.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 361.99 304.25 Td (values ) Tj ET Q q 0 0 0 rg BT 390.04 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.87 304.25 Td (our ) Tj ET Q q 0 0 0 rg BT 416.71 304.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 443.65 304.25 Td (secured ) Tj ET Q q 0 0 0 rg BT 476.68 304.25 Td (second ) Tj ET Q q 0 0 0 rg BT 506.95 304.25 Td (lien ) Tj ET Q q 0 0 0 rg BT 524.45 304.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 548.06 304.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (senior ) Tj ET Q q 0 0 0 rg BT 76.62 292.25 Td (subordinated ) Tj ET Q q 0 0 0 rg BT 130.96 292.25 Td (notes ) Tj ET Q q 0 0 0 rg BT 154.75 292.25 Td (are ) Tj ET Q q 0 0 0 rg BT 169.64 292.25 Td (based ) Tj ET Q q 0 0 0 rg BT 195.09 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 207.77 292.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 237.67 292.25 Td (market ) Tj ET Q q 0 0 0 rg BT 268.12 292.25 Td (prices.) Tj ET Q q 0 0 0 rg BT 299.31 292.25 Td (The ) Tj ET Q q 0 0 0 rg BT 317.54 292.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 358.54 292.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 375.10 292.25 Td (value ) Tj ET Q q 0 0 0 rg BT 399.44 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.45 292.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.35 292.25 Td (principal ) Tj ET Q q 0 0 0 rg BT 463.57 292.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 496.25 292.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.26 292.25 Td (our ) Tj ET Q q 0 0 0 rg BT 523.28 292.25 Td (debt ) Tj ET Q q 0 0 0 rg BT 543.18 292.25 Td (as ) Tj ET Q q 0 0 0 rg BT 554.19 292.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 107.00 280.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 127.00 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 128.42 280.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.27 280.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.27 280.25 Td (, ) Tj ET Q q 0 0 0 rg BT 168.19 280.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 209.04 280.25 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 242.66 280.25 Td (financing ) Tj ET Q q 0 0 0 rg BT 281.84 280.25 Td (and ) Tj ET Q q 0 0 0 rg BT 297.70 280.25 Td (capital ) Tj ET Q q 0 0 0 rg BT 325.76 280.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 347.17 280.25 Td (obligations, ) Tj ET Q q 0 0 0 rg BT 395.53 280.25 Td (was ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 412.49 280.25 Td ($2,327.8 ) Tj ET Q q 0 0 0 rg BT 448.91 280.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 477.80 280.25 Td ( ) Tj ET Q q 0 0 0 rg BT 479.22 280.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 495.07 280.25 Td ($1,1) Tj ET Q q 0 0 0 rg BT 512.20 280.25 Td (19.0 ) Tj ET Q q 0 0 0 rg BT 531.12 280.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.01 280.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 268.25 Td (respectively) Tj ET Q q 0 0 0 rg BT 97.16 268.25 Td (, ) Tj ET Q q 0 0 0 rg BT 103.16 268.25 Td (which ) Tj ET Q q 0 0 0 rg BT 131.09 268.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 167.34 268.25 Td (is ) Tj ET Q q 0 0 0 rg BT 177.51 268.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 218.22 268.25 Td (driven ) Tj ET Q q 0 0 0 rg BT 247.26 268.25 Td (by ) Tj ET Q q 0 0 0 rg BT 260.75 268.25 Td (an ) Tj ET Q q 0 0 0 rg BT 273.69 268.25 Td (increase ) Tj ET Q q 0 0 0 rg BT 309.94 268.25 Td (in ) Tj ET Q q 0 0 0 rg BT 321.21 268.25 Td (quoted ) Tj ET Q q 0 0 0 rg BT 351.93 268.25 Td (market ) Tj ET Q q 0 0 0 rg BT 383.19 268.25 Td (prices.) Tj ET Q q 0 0 0 rg BT 414.38 268.25 Td (W) Tj ET Q q 0 0 0 rg BT 423.02 268.25 Td (e ) Tj ET Q q 0 0 0 rg BT 430.96 268.25 Td (have ) Tj ET Q q 0 0 0 rg BT 453.33 268.25 Td (other ) Tj ET Q q 0 0 0 rg BT 477.37 268.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 515.85 268.25 Td (instruments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 256.25 Td (consisting ) Tj ET Q q 0 0 0 rg BT 92.69 256.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 132.54 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.51 256.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 166.42 256.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 186.83 256.25 Td (equivalents, ) Tj ET Q q 0 0 0 rg BT 237.51 256.25 Td (short-term ) Tj ET Q q 0 0 0 rg BT 281.80 256.25 Td (receivables ) Tj ET Q q 0 0 0 rg BT 329.41 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 346.49 256.25 Td (payables ) Tj ET Q q 0 0 0 rg BT 384.11 256.25 Td (that ) Tj ET Q q 0 0 0 rg BT 401.74 256.25 Td (approximate ) Tj ET Q q 0 0 0 rg BT 454.36 256.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 470.88 256.25 Td (value ) Tj ET Q q 0 0 0 rg BT 495.17 256.25 Td (due ) Tj ET Q q 0 0 0 rg BT 512.25 256.25 Td (to ) Tj ET Q q 0 0 0 rg BT 522.66 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.52 256.25 Td (nature ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 244.25 Td (instrument ) Tj ET Q q 0 0 0 rg BT 120.32 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 137.26 244.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.98 244.25 Td (relatively ) Tj ET Q q 0 0 0 rg BT 192.23 244.25 Td (short ) Tj ET Q q 0 0 0 rg BT 214.73 244.25 Td (maturities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (Note 10. Commitments and Contingencies) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 172.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 172.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.09 172.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 105.58 172.25 Td (of) Tj ET Q q 0 0 0 rg BT 113.73 172.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 131.23 172.25 Td (space, ) Tj ET Q q 0 0 0 rg BT 158.45 172.25 Td (equipment ) Tj ET Q q 0 0 0 rg BT 203.17 172.25 Td (and ) Tj ET Q q 0 0 0 rg BT 220.12 172.25 Td (vehicles ) Tj ET Q q 0 0 0 rg BT 255.40 172.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.90 172.25 Td (have ) Tj ET Q q 0 0 0 rg BT 294.29 172.25 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 357.32 172.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 379.82 172.25 Td (terms.Currently) Tj ET Q q 0 0 0 rg BT 447.21 172.25 Td (, ) Tj ET Q q 0 0 0 rg BT 452.22 172.25 Td (our ) Tj ET Q q 0 0 0 rg BT 468.06 172.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 517.24 172.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 543.63 172.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 160.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.85 160.25 Td (up ) Tj ET Q q 0 0 0 rg BT 87.98 160.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 98.89 160.25 Td (9 ) Tj ET Q q 0 0 0 rg BT 107.02 160.25 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.12 160.25 Td (.) Tj ET Q q 0 0 0 rg BT 135.44 160.25 Td (W) Tj ET Q q 0 0 0 rg BT 144.08 160.25 Td (e ) Tj ET Q q 0 0 0 rg BT 151.65 160.25 Td (have ) Tj ET Q q 0 0 0 rg BT 173.65 160.25 Td (subleased ) Tj ET Q q 0 0 0 rg BT 215.66 160.25 Td (part ) Tj ET Q q 0 0 0 rg BT 234.34 160.25 Td (of ) Tj ET Q q 0 0 0 rg BT 245.80 160.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.15 160.25 Td (of) Tj ET Q q 0 0 0 rg BT 269.30 160.25 Td (fice ) Tj ET Q q 0 0 0 rg BT 287.42 160.25 Td (space ) Tj ET Q q 0 0 0 rg BT 312.75 160.25 Td (included ) Tj ET Q q 0 0 0 rg BT 350.32 160.25 Td (in ) Tj ET Q q 0 0 0 rg BT 361.23 160.25 Td (our ) Tj ET Q q 0 0 0 rg BT 377.69 160.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 418.59 160.25 Td (leases ) Tj ET Q q 0 0 0 rg BT 445.59 160.25 Td (for ) Tj ET Q q 0 0 0 rg BT 460.39 160.25 Td (which ) Tj ET Q q 0 0 0 rg BT 487.96 160.25 Td (we ) Tj ET Q q 0 0 0 rg BT 502.75 160.25 Td (received ) Tj ET Q q 0 0 0 rg BT 539.74 160.25 Td (rental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 148.25 Td (payments. ) Tj ET Q q 0 0 0 rg BT 91.58 148.25 Td ( ) Tj ET Q q 0 0 0 rg BT 92.74 148.25 Td (The ) Tj ET Q q 0 0 0 rg BT 109.55 148.25 Td (following ) Tj ET Q q 0 0 0 rg BT 149.69 148.25 Td (table ) Tj ET Q q 0 0 0 rg BT 170.38 148.25 Td (summarizes ) Tj ET Q q 0 0 0 rg BT 219.39 148.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 258.41 148.25 Td (lease ) Tj ET Q q 0 0 0 rg BT 279.65 148.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 319.23 148.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 337.71 148.25 Td (and ) Tj ET Q q 0 0 0 rg BT 353.40 148.25 Td (sublease ) Tj ET Q q 0 0 0 rg BT 388.53 148.25 Td (rentals ) Tj ET Q q 0 0 0 rg BT 416.44 148.25 Td (received ) Tj ET Q q 0 0 0 rg BT 451.56 148.25 Td (during ) Tj ET Q q 0 0 0 rg BT 478.92 148.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.39 148.25 Td (periods ) Tj ET Q q 0 0 0 rg BT 523.09 148.25 Td (indicated:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 107.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 107.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 107.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 107.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 107.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 107.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 107.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 122.75 m 424 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 122.75 m 428 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 122.75 m 493 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 122.75 m 497 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 122.75 m 562 122.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 107.75 m 355 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 107.75 m 424 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 107.75 m 493 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 107.75 m 562 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 107.75 m 424 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 107.75 m 493 107.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 107.75 m 562 107.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 127.42 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 112.46 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 112.42 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 112.42 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 112.42 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 97.42 Td (Operating lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 97.42 Td (22,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 97.42 Td (29,403) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 97.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 97.42 Td (43,333) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 82.42 Td (Sublease rental receipts) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.65 82.42 Td (3,074) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 82.42 Td (3,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 82.42 Td (2,347) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 191 0 obj <> endobj 192 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (95) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 713.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.42 713.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.68 713.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 152.38 713.10 Td (summarize ) Tj ET Q q 0 0 0 rg BT 198.62 713.10 Td (by ) Tj ET Q q 0 0 0 rg BT 211.00 713.10 Td (year ) Tj ET Q q 0 0 0 rg BT 230.58 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.17 713.10 Td (remaining ) Tj ET Q q 0 0 0 rg BT 288.08 713.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 350.97 713.10 Td (future ) Tj ET Q q 0 0 0 rg BT 377.22 713.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 417.92 713.10 Td (under ) Tj ET Q q 0 0 0 rg BT 443.06 713.10 Td (our ) Tj ET Q q 0 0 0 rg BT 458.76 713.10 Td (leases ) Tj ET Q q 0 0 0 rg BT 485.01 713.10 Td (as ) Tj ET Q q 0 0 0 rg BT 495.72 713.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.42 713.10 Td (December31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.50 701.10 Td (:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 655.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 655.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 655.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 625.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 625.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 625.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 595.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 595.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 595.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 565.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 565.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 565.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 535.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 535.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 535.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 655.6 m 493 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 655.6 m 562 655.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 565.6 m 562 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 565.6 m 562 565.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 535.6 m 562 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 535.6 m 562 535.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 521.6 m 562 521.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 519.6 m 562 519.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 660.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 680.27 Td (Pipeline) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 506.05 670.27 Td (and Capital) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.35 660.27 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 645.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 645.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 645.27 Td (48,579) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 630.27 Td (48,139) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 615.27 Td (40,215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 600.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 600.27 Td (27,872) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 585.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 585.27 Td (26,092) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 570.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 570.27 Td (165,170) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 555.27 Td (Total minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 555.27 Td (356,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 540.27 Td (Less: Amount representing interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 540.32 Td (\(104,678) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 540.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.50 525.27 Td (Present value of minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 525.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 525.27 Td (251,389) Tj ET Q BT /F1 10.00 Tf ET 0.8 0.8 0.8 rg /GS0 gs 50.00 463.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 463.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 463.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 433.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 433.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 433.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 403.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 403.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 403.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 373.60 443.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 373.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 373.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 463.6 m 493 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 463.6 m 562 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 463.6 m 493 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 463.6 m 562 463.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 373.6 m 562 373.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 359.6 m 562 359.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 357.6 m 562 357.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 468.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.00 478.27 Td (Operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 515.35 468.27 Td (Leases) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 453.27 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 453.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 453.27 Td (10,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 438.27 Td (2018) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 438.27 Td (11,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 423.27 Td (2019) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 423.27 Td (10,574) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 408.27 Td (2020) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 408.27 Td (9,734) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 393.27 Td (2021) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 393.27 Td (9,996) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 378.27 Td (Thereafter) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 378.27 Td (38,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 363.27 Td (Total minimum lease payments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 363.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 363.27 Td (90,972) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 335.10 Td (In addition, we expect to receive approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.76 335.10 Td ($7.8 million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 309.65 335.10 Td ( for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.31 335.10 Td (2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.31 335.10 Td ( through 2019 under our sublease agreements.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 311.10 Td (Commitments) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 287.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 287.10 Td (e ) Tj ET Q q 0 0 0 rg BT 83.72 287.10 Td (have ) Tj ET Q q 0 0 0 rg BT 105.74 287.10 Td (entered ) Tj ET Q q 0 0 0 rg BT 138.30 287.10 Td (into ) Tj ET Q q 0 0 0 rg BT 157.00 287.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 199.57 287.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 257.15 287.10 Td (to ) Tj ET Q q 0 0 0 rg BT 268.07 287.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 306.75 287.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.64 285.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.89 287.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.53 287.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.88 287.10 Td (either ) Tj ET Q q 0 0 0 rg BT 385.78 287.10 Td (non-cancelable ) Tj ET Q q 0 0 0 rg BT 449.44 287.10 Td (or ) Tj ET Q q 0 0 0 rg BT 460.91 287.10 Td (cancelable ) Tj ET Q q 0 0 0 rg BT 506.24 287.10 Td (only ) Tj ET Q q 0 0 0 rg BT 527.16 287.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.30 287.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 96.27 275.10 Td (of ) Tj ET Q q 0 0 0 rg BT 107.52 275.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 146.53 275.10 Td (future ) Tj ET Q q 0 0 0 rg BT 173.32 275.10 Td (events.) Tj ET Q q 0 0 0 rg BT 206.19 275.10 Td (The ) Tj ET Q q 0 0 0 rg BT 224.65 275.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 282.01 275.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 319.36 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 333.94 275.10 Td (up ) Tj ET Q q 0 0 0 rg BT 346.86 275.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 357.55 275.10 Td (16 ) Tj ET Q q 0 0 0 rg BT 370.47 275.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.57 275.10 Td (.) Tj ET Q q 0 0 0 rg BT 398.89 275.10 Td (The ) Tj ET Q q 0 0 0 rg BT 417.35 275.10 Td (price ) Tj ET Q q 0 0 0 rg BT 440.25 275.10 Td (we ) Tj ET Q q 0 0 0 rg BT 454.83 275.10 Td (will ) Tj ET Q q 0 0 0 rg BT 473.31 275.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 490.66 275.10 Td (for ) Tj ET Q q 0 0 0 rg BT 505.24 275.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 519.13 273.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.38 275.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.30 275.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 263.10 Td (varies ) Tj ET Q q 0 0 0 rg BT 76.95 263.10 Td (depending ) Tj ET Q q 0 0 0 rg BT 122.18 263.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.76 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.55 263.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 185.12 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.03 263.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 210.92 261.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.17 263.10 Td ( ) Tj ET Q q 0 0 0 rg BT 217.75 263.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 258.52 263.10 Td (and ) Tj ET Q q 0 0 0 rg BT 276.54 263.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.33 263.10 Td (price ) Tj ET Q q 0 0 0 rg BT 315.89 263.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.80 263.10 Td (oil.Once ) Tj ET Q q 0 0 0 rg BT 370.53 263.10 Td (all ) Tj ET Q q 0 0 0 rg BT 384.10 263.10 Td (commitments ) Tj ET Q q 0 0 0 rg BT 442.11 263.10 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 263.10 Td (commenced, ) Tj ET Q q 0 0 0 rg BT 518.95 263.10 Td (our ) Tj ET Q q 0 0 0 rg BT 535.86 263.10 Td (annual ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 251.10 Td (commitment ) Tj ET Q q 0 0 0 rg BT 103.04 251.10 Td (under ) Tj ET Q q 0 0 0 rg BT 128.80 251.10 Td (these ) Tj ET Q q 0 0 0 rg BT 152.35 251.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 191.43 251.10 Td (could ) Tj ET Q q 0 0 0 rg BT 216.65 251.10 Td (range ) Tj ET Q q 0 0 0 rg BT 241.85 251.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 264.28 251.10 Td ($41 ) Tj ET Q q 0 0 0 rg BT 282.28 251.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 311.17 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.16 251.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 324.93 251.10 Td ($86 ) Tj ET Q q 0 0 0 rg BT 342.93 251.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 371.82 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.82 251.10 Td (per ) Tj ET Q q 0 0 0 rg BT 390.58 251.10 Td (year) Tj ET Q q 0 0 0 rg BT 407.39 251.10 Td (, ) Tj ET Q q 0 0 0 rg BT 412.88 251.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 453.65 251.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.09 251.10 Td ($60) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 476.09 251.10 Td ( ) Tj ET Q q 0 0 0 rg BT 479.08 251.10 Td (per ) Tj ET Q q 0 0 0 rg BT 494.84 251.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 512.29 251.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 551.95 251.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.10 Td (price.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 215.10 Td (In ) Tj ET Q q 0 0 0 rg BT 78.34 215.10 Td (the ) Tj ET Q q 0 0 0 rg BT 93.06 215.10 Td (second ) Tj ET Q q 0 0 0 rg BT 123.33 215.10 Td (quarter ) Tj ET Q q 0 0 0 rg BT 154.16 215.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.99 215.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 190.00 215.10 Td (we ) Tj ET Q q 0 0 0 rg BT 204.17 215.10 Td (amended ) Tj ET Q q 0 0 0 rg BT 242.77 215.10 Td (our ) Tj ET Q q 0 0 0 rg BT 258.60 215.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 272.49 213.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 275.74 215.10 Td ( ) Tj ET Q q 0 0 0 rg BT 278.25 215.10 Td (of) Tj ET Q q 0 0 0 rg BT 286.40 215.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 308.89 215.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 353.04 215.10 Td (with ) Tj ET Q q 0 0 0 rg BT 373.32 215.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 421.40 215.10 Td (Power ) Tj ET Q q 0 0 0 rg BT 449.46 215.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 490.85 215.10 Td (\(MSPC\), ) Tj ET Q q 0 0 0 rg BT 538.08 215.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.10 Td (amendment ) Tj ET Q q 0 0 0 rg BT 98.13 203.10 Td (included ) Tj ET Q q 0 0 0 rg BT 134.55 203.10 Td (increasing ) Tj ET Q q 0 0 0 rg BT 177.62 203.10 Td (our ) Tj ET Q q 0 0 0 rg BT 192.93 203.10 Td (of) Tj ET Q q 0 0 0 rg BT 201.08 203.10 Td (ftake ) Tj ET Q q 0 0 0 rg BT 223.05 203.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 268.33 203.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 289.75 203.10 Td (70%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.08 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 310.06 203.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.82 203.10 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 343.15 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 345.13 203.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.45 203.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 369.34 201.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 372.59 203.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.57 203.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 415.43 203.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 454.62 203.10 Td (and ) Tj ET Q q 0 0 0 rg BT 471.04 203.10 Td (lowering ) Tj ET Q q 0 0 0 rg BT 508.57 203.10 Td (the ) Tj ET Q q 0 0 0 rg BT 522.77 203.10 Td (base ) Tj ET Q q 0 0 0 rg BT 542.52 203.10 Td (price ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.10 Td (related ) Tj ET Q q 0 0 0 rg BT 78.90 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 88.87 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 103.29 191.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 121.59 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 132.12 191.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 146.01 189.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.26 191.10 Td (, ) Tj ET Q q 0 0 0 rg BT 153.95 191.10 Td (deliveries ) Tj ET Q q 0 0 0 rg BT 195.02 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 205.55 191.10 Td (which ) Tj ET Q q 0 0 0 rg BT 232.18 191.10 Td (are ) Tj ET Q q 0 0 0 rg BT 246.59 191.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 284.88 191.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 322.61 191.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.58 191.10 Td (begin ) Tj ET Q q 0 0 0 rg BT 356.99 191.10 Td (during ) Tj ET Q q 0 0 0 rg BT 385.30 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.71 191.10 Td (first ) Tj ET Q q 0 0 0 rg BT 418.02 191.10 Td (half ) Tj ET Q q 0 0 0 rg BT 435.76 191.10 Td (of ) Tj ET Q q 0 0 0 rg BT 446.29 191.10 Td (2017. ) Tj ET Q q 0 0 0 rg BT 470.98 191.10 Td ( ) Tj ET Q q 0 0 0 rg BT 473.18 191.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 499.81 191.10 Td (on ) Tj ET Q q 0 0 0 rg BT 512.01 191.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 191.10 Td (amended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 73.33 179.10 Td (in ) Tj ET Q q 0 0 0 rg BT 82.73 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 96.56 179.10 Td (agreement, ) Tj ET Q q 0 0 0 rg BT 142.32 179.10 Td (we ) Tj ET Q q 0 0 0 rg BT 155.59 179.10 Td (concluded ) Tj ET Q q 0 0 0 rg BT 198.30 179.10 Td (for ) Tj ET Q q 0 0 0 rg BT 211.58 179.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 257.07 179.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 294.24 179.10 Td (that ) Tj ET Q q 0 0 0 rg BT 310.85 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.68 179.10 Td (agreement ) Tj ET Q q 0 0 0 rg BT 367.94 179.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 402.88 179.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.93 179.10 Td (embedded ) Tj ET Q q 0 0 0 rg BT 456.64 179.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 478.25 179.10 Td (related ) Tj ET Q q 0 0 0 rg BT 507.06 179.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.46 179.10 Td (the ) Tj ET Q q 0 0 0 rg BT 530.29 179.10 Td (pipeline ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 167.10 Td (owned ) Tj ET Q q 0 0 0 rg BT 77.73 167.10 Td (by ) Tj ET Q q 0 0 0 rg BT 89.31 167.10 Td (MSPC ) Tj ET Q q 0 0 0 rg BT 117.57 167.10 Td (used ) Tj ET Q q 0 0 0 rg BT 137.47 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 146.82 167.10 Td (transport ) Tj ET Q q 0 0 0 rg BT 183.94 167.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 197.83 165.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.08 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 202.66 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 212.01 167.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 246.35 167.10 Td (. ) Tj ET Q q 0 0 0 rg BT 250.42 167.10 Td ( ) Tj ET Q q 0 0 0 rg BT 251.88 167.10 Td (W) Tj ET Q q 0 0 0 rg BT 260.52 167.10 Td (e ) Tj ET Q q 0 0 0 rg BT 266.53 167.10 Td (currently ) Tj ET Q q 0 0 0 rg BT 304.20 167.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 322.99 167.10 Td (to ) Tj ET Q q 0 0 0 rg BT 332.34 167.10 Td (record ) Tj ET Q q 0 0 0 rg BT 359.45 167.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.47 167.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 393.69 167.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 415.25 167.10 Td (on ) Tj ET Q q 0 0 0 rg BT 426.82 167.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.61 167.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 472.72 167.10 Td (sheet ) Tj ET Q q 0 0 0 rg BT 494.84 167.10 Td (of ) Tj ET Q q 0 0 0 rg BT 504.74 167.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 155.10 Td ($1) Tj ET Q q 0 0 0 rg BT 59.13 155.10 Td (10 ) Tj ET Q q 0 0 0 rg BT 71.63 155.10 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 100.52 155.10 Td ( ) Tj ET Q q 0 0 0 rg BT 103.02 155.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 125.52 155.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 148.01 155.10 Td (commencement.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 131.10 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 131.10 Td (e ) Tj ET Q q 0 0 0 rg BT 82.56 131.10 Td (are ) Tj ET Q q 0 0 0 rg BT 96.76 131.10 Td (party ) Tj ET Q q 0 0 0 rg BT 119.29 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.06 131.10 Td (long-term ) Tj ET Q q 0 0 0 rg BT 170.48 131.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 208.56 131.10 Td (that ) Tj ET Q q 0 0 0 rg BT 225.54 131.10 Td (require ) Tj ET Q q 0 0 0 rg BT 255.84 131.10 Td (us ) Tj ET Q q 0 0 0 rg BT 266.72 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.49 131.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 306.24 131.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 320.13 129.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.38 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 325.37 131.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.13 131.10 Td (our ) Tj ET Q q 0 0 0 rg BT 350.45 131.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 390.21 131.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 404.10 129.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.35 131.10 Td ( ) Tj ET Q q 0 0 0 rg BT 409.34 131.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 451.88 131.10 Td (at ) Tj ET Q q 0 0 0 rg BT 461.08 131.10 Td (various ) Tj ET Q q 0 0 0 rg BT 492.50 131.10 Td (contracted ) Tj ET Q q 0 0 0 rg BT 536.13 131.10 Td (prices, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.10 Td (plus ) Tj ET Q q 0 0 0 rg BT 68.71 119.10 Td (we ) Tj ET Q q 0 0 0 rg BT 82.91 119.10 Td (have ) Tj ET Q q 0 0 0 rg BT 104.32 119.10 Td (a ) Tj ET Q q 0 0 0 rg BT 111.30 119.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 125.19 117.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 128.44 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 130.98 119.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 166.28 119.10 Td (obligation ) Tj ET Q q 0 0 0 rg BT 209.38 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 219.69 119.10 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 253.89 119.10 Td (related ) Tj ET Q q 0 0 0 rg BT 283.63 119.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.95 119.10 Td (one ) Tj ET Q q 0 0 0 rg BT 310.93 119.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 324.82 117.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.07 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 330.61 119.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 376.47 119.10 Td (production ) Tj ET Q q 0 0 0 rg BT 422.33 119.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 459.30 119.10 Td (\(VPP\). ) Tj ET Q q 0 0 0 rg BT 498.23 119.10 Td ( ) Tj ET Q q 0 0 0 rg BT 500.76 119.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 527.74 119.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 550.28 119.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 107.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 92.62 107.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 129.08 107.10 Td (deliverable ) Tj ET Q q 0 0 0 rg BT 176.07 107.10 Td (as ) Tj ET Q q 0 0 0 rg BT 186.97 107.10 Td (stated ) Tj ET Q q 0 0 0 rg BT 212.86 107.10 Td (in ) Tj ET Q q 0 0 0 rg BT 223.21 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.00 107.10 Td (industrial ) Tj ET Q q 0 0 0 rg BT 278.34 107.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 317.00 107.10 Td (and ) Tj ET Q q 0 0 0 rg BT 334.01 107.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.61 107.10 Td (VPP) Tj ET Q q 0 0 0 rg BT 365.85 107.10 Td (, ) Tj ET Q q 0 0 0 rg BT 370.92 107.10 Td (we ) Tj ET Q q 0 0 0 rg BT 385.15 107.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 421.04 107.10 Td (that ) Tj ET Q q 0 0 0 rg BT 438.60 107.10 Td (we ) Tj ET Q q 0 0 0 rg BT 452.83 107.10 Td (may ) Tj ET Q q 0 0 0 rg BT 472.62 107.10 Td (be ) Tj ET Q q 0 0 0 rg BT 484.63 107.10 Td (obligated ) Tj ET Q q 0 0 0 rg BT 524.41 107.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.76 107.10 Td (deliver ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 95.10 Td (up ) Tj ET Q q 0 0 0 rg BT 61.39 95.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 71.05 95.10 Td (383) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.05 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.94 95.10 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 104.27 95.10 Td (of ) Tj ET Q q 0 0 0 rg BT 114.48 95.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 128.37 93.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.62 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.51 95.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.18 95.10 Td (these ) Tj ET Q q 0 0 0 rg BT 165.61 95.10 Td (customers ) Tj ET Q q 0 0 0 rg BT 208.04 95.10 Td (over ) Tj ET Q q 0 0 0 rg BT 227.70 95.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.80 95.10 Td (next ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.91 95.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 272.80 95.10 Td (years) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 293.89 95.10 Td (. ) Tj ET Q q 0 0 0 rg BT 298.28 95.10 Td ( ) Tj ET Q q 0 0 0 rg BT 300.03 95.10 Td (The ) Tj ET Q q 0 0 0 rg BT 317.47 95.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 359.91 95.10 Td (volume ) Tj ET Q q 0 0 0 rg BT 391.79 95.10 Td (required ) Tj ET Q q 0 0 0 rg BT 426.99 95.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.66 95.10 Td (any ) Tj ET Q q 0 0 0 rg BT 452.98 95.10 Td (given ) Tj ET Q q 0 0 0 rg BT 477.09 95.10 Td (year ) Tj ET Q q 0 0 0 rg BT 496.18 95.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.74 95.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 83.10 Td (1) Tj ET Q q 0 0 0 rg BT 54.13 83.10 Td (1) Tj ET Q q 0 0 0 rg BT 58.76 83.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 63.76 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 66.57 83.10 Td (MMcf/d, ) Tj ET Q q 0 0 0 rg BT 105.20 83.10 Td (which ) Tj ET Q q 0 0 0 rg BT 132.45 83.10 Td (we ) Tj ET Q q 0 0 0 rg BT 146.92 83.10 Td (judge ) Tj ET Q q 0 0 0 rg BT 171.94 83.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.53 83.10 Td (be ) Tj ET Q q 0 0 0 rg BT 194.77 83.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 221.47 83.10 Td (given ) Tj ET Q q 0 0 0 rg BT 246.49 83.10 Td (the ) Tj ET Q q 0 0 0 rg BT 261.52 83.10 Td (size ) Tj ET Q q 0 0 0 rg BT 279.87 83.10 Td (of ) Tj ET Q q 0 0 0 rg BT 291.01 83.10 Td (our ) Tj ET Q q 0 0 0 rg BT 307.15 83.10 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 341.61 83.10 Td (Dome ) Tj ET Q q 0 0 0 rg BT 368.86 83.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 399.44 83.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 413.33 81.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 416.58 83.10 Td ( ) Tj ET Q q 0 0 0 rg BT 419.39 83.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 454.95 83.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.98 83.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 523.87 83.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.87 83.10 Td (, ) Tj ET Q q 0 0 0 rg BT 549.18 83.10 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 71.10 Td (current ) Tj ET Q q 0 0 0 rg BT 80.32 71.10 Td (production ) Tj ET Q q 0 0 0 rg BT 126.14 71.10 Td (capabilities ) Tj ET Q q 0 0 0 rg BT 174.18 71.10 Td (and ) Tj ET Q q 0 0 0 rg BT 191.12 71.10 Td (our ) Tj ET Q q 0 0 0 rg BT 206.95 71.10 Td (projected ) Tj ET Q q 0 0 0 rg BT 246.65 71.10 Td (levels ) Tj ET Q q 0 0 0 rg BT 272.47 71.10 Td (of ) Tj ET Q q 0 0 0 rg BT 283.30 71.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 297.20 69.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.44 71.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.94 71.10 Td (usage ) Tj ET Q q 0 0 0 rg BT 328.21 71.10 Td (for ) Tj ET Q q 0 0 0 rg BT 342.37 71.10 Td (our ) Tj ET Q q 0 0 0 rg BT 358.20 71.10 Td (own ) Tj ET Q q 0 0 0 rg BT 377.93 71.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 409.30 71.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 445.68 71.10 Td (program.) Tj ET Q endstream endobj 193 0 obj <> endobj 194 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (96) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Litigation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 689.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 689.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.91 689.25 Td (are ) Tj ET Q q 0 0 0 rg BT 99.45 689.25 Td (involved ) Tj ET Q q 0 0 0 rg BT 137.78 689.25 Td (in ) Tj ET Q q 0 0 0 rg BT 148.89 689.25 Td (various ) Tj ET Q q 0 0 0 rg BT 181.67 689.25 Td (lawsuits, ) Tj ET Q q 0 0 0 rg BT 220.28 689.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 249.71 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.49 689.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 311.92 689.25 Td (proceedings ) Tj ET Q q 0 0 0 rg BT 363.56 689.25 Td (incidental ) Tj ET Q q 0 0 0 rg BT 406.33 689.25 Td (to ) Tj ET Q q 0 0 0 rg BT 417.44 689.25 Td (our ) Tj ET Q q 0 0 0 rg BT 434.10 689.25 Td (businesses.) Tj ET Q q 0 0 0 rg BT 483.64 689.25 Td (While ) Tj ET Q q 0 0 0 rg BT 511.41 689.25 Td (we ) Tj ET Q q 0 0 0 rg BT 526.41 689.25 Td (currently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 80.92 677.25 Td (that ) Tj ET Q q 0 0 0 rg BT 98.46 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 113.22 677.25 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 148.54 677.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 185.52 677.25 Td (of ) Tj ET Q q 0 0 0 rg BT 196.39 677.25 Td (these ) Tj ET Q q 0 0 0 rg BT 219.49 677.25 Td (proceedings, ) Tj ET Q q 0 0 0 rg BT 272.85 677.25 Td (individually ) Tj ET Q q 0 0 0 rg BT 323.73 677.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.71 677.25 Td (in ) Tj ET Q q 0 0 0 rg BT 351.04 677.25 Td (the ) Tj ET Q q 0 0 0 rg BT 365.80 677.25 Td (aggregate, ) Tj ET Q q 0 0 0 rg BT 409.71 677.25 Td (will ) Tj ET Q q 0 0 0 rg BT 427.81 677.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.14 677.25 Td (have ) Tj ET Q q 0 0 0 rg BT 464.56 677.25 Td (a ) Tj ET Q q 0 0 0 rg BT 471.54 677.25 Td (material ) Tj ET Q q 0 0 0 rg BT 506.85 677.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 539.93 677.25 Td (ef) Tj ET Q q 0 0 0 rg BT 547.52 677.25 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.25 Td (on ) Tj ET Q q 0 0 0 rg BT 62.22 665.25 Td (our ) Tj ET Q q 0 0 0 rg BT 78.27 665.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 115.97 665.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 153.41 665.25 Td (results ) Tj ET Q q 0 0 0 rg BT 182.24 665.25 Td (of ) Tj ET Q q 0 0 0 rg BT 193.29 665.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 237.66 665.25 Td (or ) Tj ET Q q 0 0 0 rg BT 248.71 665.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 269.20 665.25 Td (flows, ) Tj ET Q q 0 0 0 rg BT 296.64 665.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 335.47 665.25 Td (is ) Tj ET Q q 0 0 0 rg BT 344.85 665.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.90 665.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.40 665.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 421.88 665.25 Td (uncertainties.) Tj ET Q q 0 0 0 rg BT 479.92 665.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 520.41 665.25 Td (a ) Tj ET Q q 0 0 0 rg BT 527.57 665.25 Td (single ) Tj ET Q q 0 0 0 rg BT 554.17 665.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 653.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 85.62 653.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 118.96 653.25 Td (rulings ) Tj ET Q q 0 0 0 rg BT 149.53 653.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.65 653.25 Td (settlements ) Tj ET Q q 0 0 0 rg BT 208.44 653.25 Td (could ) Tj ET Q q 0 0 0 rg BT 233.45 653.25 Td (possibly ) Tj ET Q q 0 0 0 rg BT 269.58 653.25 Td (have ) Tj ET Q q 0 0 0 rg BT 291.25 653.25 Td (a ) Tj ET Q q 0 0 0 rg BT 298.49 653.25 Td (material ) Tj ET Q q 0 0 0 rg BT 334.04 653.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 367.37 653.25 Td (ef) Tj ET Q q 0 0 0 rg BT 374.96 653.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 392.74 653.25 Td (on ) Tj ET Q q 0 0 0 rg BT 405.53 653.25 Td (our ) Tj ET Q q 0 0 0 rg BT 421.66 653.25 Td (finances, ) Tj ET Q q 0 0 0 rg BT 460.27 653.25 Td (we ) Tj ET Q q 0 0 0 rg BT 474.72 653.25 Td (only ) Tj ET Q q 0 0 0 rg BT 495.30 653.25 Td (accrue ) Tj ET Q q 0 0 0 rg BT 524.17 653.25 Td (for ) Tj ET Q q 0 0 0 rg BT 538.63 653.25 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 641.25 Td (from ) Tj ET Q q 0 0 0 rg BT 71.44 641.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 110.05 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.99 641.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 155.59 641.25 Td (if ) Tj ET Q q 0 0 0 rg BT 164.20 641.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.36 641.25 Td (determine ) Tj ET Q q 0 0 0 rg BT 220.84 641.25 Td (that ) Tj ET Q q 0 0 0 rg BT 238.33 641.25 Td (a ) Tj ET Q q 0 0 0 rg BT 245.27 641.25 Td (loss ) Tj ET Q q 0 0 0 rg BT 263.33 641.25 Td (is ) Tj ET Q q 0 0 0 rg BT 272.50 641.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 309.99 641.25 Td (and ) Tj ET Q q 0 0 0 rg BT 326.93 641.25 Td (the ) Tj ET Q q 0 0 0 rg BT 341.64 641.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 374.14 641.25 Td (can ) Tj ET Q q 0 0 0 rg BT 390.52 641.25 Td (be ) Tj ET Q q 0 0 0 rg BT 402.45 641.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 448.27 641.25 Td (estimated.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 617.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 72.54 617.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 98.37 617.25 Td (Helium ) Tj ET Q q 0 0 0 rg BT 130.31 617.25 Td (Supply ) Tj ET Q q 0 0 0 rg BT 160.02 617.25 Td (Contract ) Tj ET Q q 0 0 0 rg BT 198.08 617.25 Td (Claim) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 593.25 Td (As ) Tj ET Q q 0 0 0 rg BT 82.00 593.25 Td (part ) Tj ET Q q 0 0 0 rg BT 100.93 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.65 593.25 Td (our ) Tj ET Q q 0 0 0 rg BT 129.36 593.25 Td (2010 ) Tj ET Q q 0 0 0 rg BT 152.75 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 170.57 593.25 Td (201) Tj ET Q q 0 0 0 rg BT 185.20 593.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 193.58 593.25 Td (acquisitions ) Tj ET Q q 0 0 0 rg BT 244.74 593.25 Td (of ) Tj ET Q q 0 0 0 rg BT 256.46 593.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.06 593.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 297.11 593.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 324.38 593.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 345.55 593.25 Td (and ) Tj ET Q q 0 0 0 rg BT 363.37 593.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 407.85 593.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 424.56 593.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 470.72 593.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 502.42 593.25 Td (that ) Tj ET Q q 0 0 0 rg BT 520.80 593.25 Td (was ) Tj ET Q q 0 0 0 rg BT 539.74 593.25 Td (under ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 581.25 Td (construction, ) Tj ET Q q 0 0 0 rg BT 103.52 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 117.26 581.25 Td (assumed ) Tj ET Q q 0 0 0 rg BT 153.78 581.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.30 581.25 Td (20) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 170.30 581.25 Td (-year ) Tj ET Q q 0 0 0 rg BT 192.92 581.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 222.77 581.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 251.52 581.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 285.81 581.25 Td (under ) Tj ET Q q 0 0 0 rg BT 310.66 581.25 Td (which ) Tj ET Q q 0 0 0 rg BT 337.18 581.25 Td (we ) Tj ET Q q 0 0 0 rg BT 350.92 581.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 379.64 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 389.50 581.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 418.26 581.25 Td (to ) Tj ET Q q 0 0 0 rg BT 428.12 581.25 Td (a ) Tj ET Q q 0 0 0 rg BT 434.64 581.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 479.48 581.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 520.43 581.25 Td (the ) Tj ET Q q 0 0 0 rg BT 534.73 581.25 Td (helium ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (separated ) Tj ET Q q 0 0 0 rg BT 89.04 569.25 Td (from ) Tj ET Q q 0 0 0 rg BT 110.25 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.25 569.25 Td (full ) Tj ET Q q 0 0 0 rg BT 139.92 569.25 Td (well ) Tj ET Q q 0 0 0 rg BT 158.92 569.25 Td (stream ) Tj ET Q q 0 0 0 rg BT 187.36 569.25 Td (by ) Tj ET Q q 0 0 0 rg BT 199.14 569.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.68 569.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.79 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.79 569.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 277.90 569.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 322.45 569.25 Td (facility) Tj ET Q q 0 0 0 rg BT 350.12 569.25 Td (. ) Tj ET Q q 0 0 0 rg BT 356.78 569.25 Td (The ) Tj ET Q q 0 0 0 rg BT 374.10 569.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 403.66 569.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 432.11 569.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 466.09 569.25 Td (provides ) Tj ET Q q 0 0 0 rg BT 502.31 569.25 Td (for ) Tj ET Q q 0 0 0 rg BT 515.75 569.25 Td (the ) Tj ET Q q 0 0 0 rg BT 529.75 569.25 Td (delivery ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.60 557.25 Td (a ) Tj ET Q q 0 0 0 rg BT 67.81 557.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 109.48 557.25 Td (contracted ) Tj ET Q q 0 0 0 rg BT 153.89 557.25 Td (quantity ) Tj ET Q q 0 0 0 rg BT 189.44 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.54 557.25 Td (helium, ) Tj ET Q q 0 0 0 rg BT 233.58 557.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 264.68 557.25 Td (to ) Tj ET Q q 0 0 0 rg BT 275.23 557.25 Td (adjustment ) Tj ET Q q 0 0 0 rg BT 321.89 557.25 Td (after ) Tj ET Q q 0 0 0 rg BT 342.98 557.25 Td (startup ) Tj ET Q q 0 0 0 rg BT 372.96 557.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.07 557.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.06 557.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 423.49 557.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 450.15 557.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 466.26 557.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 511.80 557.25 Td (facility) Tj ET Q q 0 0 0 rg BT 539.47 557.25 Td (, ) Tj ET Q q 0 0 0 rg BT 544.74 557.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 545.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 92.26 545.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 130.01 545.25 Td (payable ) Tj ET Q q 0 0 0 rg BT 163.87 545.25 Td (if ) Tj ET Q q 0 0 0 rg BT 172.74 545.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 211.60 545.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 253.25 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 264.35 545.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 294.89 545.25 Td (are ) Tj ET Q q 0 0 0 rg BT 309.86 545.25 Td (not ) Tj ET Q q 0 0 0 rg BT 325.40 545.25 Td (supplied ) Tj ET Q q 0 0 0 rg BT 362.06 545.25 Td (in ) Tj ET Q q 0 0 0 rg BT 372.60 545.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 420.33 545.25 Td (with ) Tj ET Q q 0 0 0 rg BT 440.87 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.85 545.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 480.84 545.25 Td (of ) Tj ET Q q 0 0 0 rg BT 491.93 545.25 Td (the ) Tj ET Q q 0 0 0 rg BT 506.92 545.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 544.39 545.25 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 545.25 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 533.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 91.44 533.25 Td (damages ) Tj ET Q q 0 0 0 rg BT 128.38 533.25 Td (are ) Tj ET Q q 0 0 0 rg BT 142.54 533.25 Td (capped ) Tj ET Q q 0 0 0 rg BT 172.81 533.25 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 181.98 533.25 Td ($8.0 ) Tj ET Q q 0 0 0 rg BT 201.43 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.32 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 232.27 533.25 Td (per ) Tj ET Q q 0 0 0 rg BT 246.99 533.25 Td (contract ) Tj ET Q q 0 0 0 rg BT 281.15 533.25 Td (year ) Tj ET Q q 0 0 0 rg BT 300.31 533.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.70 533.25 Td (are ) Tj ET Q q 0 0 0 rg BT 330.86 533.25 Td (capped ) Tj ET Q q 0 0 0 rg BT 361.12 533.25 Td (at ) Tj ET Q q 0 0 0 rg BT 370.29 533.25 Td (an ) Tj ET Q q 0 0 0 rg BT 381.68 533.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 422.50 533.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.78 533.25 Td ($46.0 ) Tj ET Q q 0 0 0 rg BT 457.23 533.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.12 533.25 Td ( ) Tj ET Q q 0 0 0 rg BT 488.08 533.25 Td (over ) Tj ET Q q 0 0 0 rg BT 507.80 533.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.96 533.25 Td (remaining ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 521.25 Td (term ) Tj ET Q q 0 0 0 rg BT 70.50 521.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.50 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 96.40 521.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 133.77 521.25 Td ( ) Tj ET Q q 0 0 0 rg BT 135.86 521.25 Td (As ) Tj ET Q q 0 0 0 rg BT 149.65 521.25 Td (the ) Tj ET Q q 0 0 0 rg BT 164.54 521.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 180.54 521.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 225.99 521.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 256.98 521.25 Td (has ) Tj ET Q q 0 0 0 rg BT 272.99 521.25 Td (been ) Tj ET Q q 0 0 0 rg BT 294.54 521.25 Td (shut-in ) Tj ET Q q 0 0 0 rg BT 324.99 521.25 Td (since ) Tj ET Q q 0 0 0 rg BT 348.21 521.25 Td (mid-2014, ) Tj ET Q q 0 0 0 rg BT 392.27 521.25 Td (we ) Tj ET Q q 0 0 0 rg BT 406.61 521.25 Td (have ) Tj ET Q q 0 0 0 rg BT 428.16 521.25 Td (not ) Tj ET Q q 0 0 0 rg BT 443.61 521.25 Td (been ) Tj ET Q q 0 0 0 rg BT 465.17 521.25 Td (able ) Tj ET Q q 0 0 0 rg BT 484.50 521.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.95 521.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 524.29 521.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 554.74 521.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.66 509.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 108.37 509.25 Td (purchaser ) Tj ET Q q 0 0 0 rg BT 149.17 509.25 Td (under ) Tj ET Q q 0 0 0 rg BT 173.89 509.25 Td (the ) Tj ET Q q 0 0 0 rg BT 188.04 509.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 217.76 509.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 246.37 509.25 Td (contract. ) Tj ET Q q 0 0 0 rg BT 285.52 509.25 Td (In ) Tj ET Q q 0 0 0 rg BT 295.79 509.25 Td (a ) Tj ET Q q 0 0 0 rg BT 302.17 509.25 Td (case ) Tj ET Q q 0 0 0 rg BT 321.32 509.25 Td (originally ) Tj ET Q q 0 0 0 rg BT 362.14 509.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 382.41 509.25 Td (in ) Tj ET Q q 0 0 0 rg BT 392.13 509.25 Td (November ) Tj ET Q q 0 0 0 rg BT 436.28 509.25 Td (2014 ) Tj ET Q q 0 0 0 rg BT 458.22 509.25 Td (by ) Tj ET Q q 0 0 0 rg BT 469.74 509.25 Td (APMTG ) Tj ET Q q 0 0 0 rg BT 506.69 509.25 Td (Helium, ) Tj ET Q q 0 0 0 rg BT 541.12 509.25 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 63.74 497.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 108.53 497.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 138.33 497.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 176.80 497.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.33 497.25 Td (after ) Tj ET Q q 0 0 0 rg BT 201.67 497.25 Td (a ) Tj ET Q q 0 0 0 rg BT 208.13 497.25 Td (week ) Tj ET Q q 0 0 0 rg BT 231.26 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.61 497.25 Td (trial ) Tj ET Q q 0 0 0 rg BT 259.74 497.25 Td (on ) Tj ET Q q 0 0 0 rg BT 271.77 497.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.01 497.25 Td (third-party ) Tj ET Q q 0 0 0 rg BT 330.80 497.25 Td (purchaser) Tj ET Q q 0 0 0 rg BT 370.04 497.25 Td () Tj ET Q q 0 0 0 rg BT 372.82 497.25 Td (s ) Tj ET Q q 0 0 0 rg BT 378.74 497.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 402.98 497.25 Td (for ) Tj ET Q q 0 0 0 rg BT 416.66 497.25 Td (multiple ) Tj ET Q q 0 0 0 rg BT 452.02 497.25 Td (years ) Tj ET Q q 0 0 0 rg BT 475.14 497.25 Td (of ) Tj ET Q q 0 0 0 rg BT 485.50 497.25 Td (liquidated ) Tj ET Q q 0 0 0 rg BT 527.52 497.25 Td (damages ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 485.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.24 485.25 Td (non-delivery ) Tj ET Q q 0 0 0 rg BT 116.42 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 126.83 485.25 Td (volumes ) Tj ET Q q 0 0 0 rg BT 162.80 485.25 Td (of ) Tj ET Q q 0 0 0 rg BT 173.21 485.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 203.06 485.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 241.24 485.25 Td (under ) Tj ET Q q 0 0 0 rg BT 266.09 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 280.39 485.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 310.24 485.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 338.99 485.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 375.78 485.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.30 485.25 Td (on ) Tj ET Q q 0 0 0 rg BT 404.38 485.25 Td (our ) Tj ET Q q 0 0 0 rg BT 419.79 485.25 Td (claim ) Tj ET Q q 0 0 0 rg BT 444.08 485.25 Td (that ) Tj ET Q q 0 0 0 rg BT 461.16 485.25 Td (the ) Tj ET Q q 0 0 0 rg BT 475.46 485.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 521.96 485.25 Td (obligation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 473.25 Td (is ) Tj ET Q q 0 0 0 rg BT 58.90 473.25 Td (excused ) Tj ET Q q 0 0 0 rg BT 93.84 473.25 Td (by ) Tj ET Q q 0 0 0 rg BT 106.57 473.25 Td (virtue ) Tj ET Q q 0 0 0 rg BT 132.63 473.25 Td (of ) Tj ET Q q 0 0 0 rg BT 143.69 473.25 Td (events ) Tj ET Q q 0 0 0 rg BT 171.96 473.25 Td (that ) Tj ET Q q 0 0 0 rg BT 189.69 473.25 Td (fall ) Tj ET Q q 0 0 0 rg BT 205.75 473.25 Td (within ) Tj ET Q q 0 0 0 rg BT 234.03 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 248.98 473.25 Td (force ) Tj ET Q q 0 0 0 rg BT 272.25 473.25 Td (majeure ) Tj ET Q q 0 0 0 rg BT 307.18 473.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 351.58 473.25 Td (in ) Tj ET Q q 0 0 0 rg BT 362.09 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.04 473.25 Td (helium ) Tj ET Q q 0 0 0 rg BT 407.55 473.25 Td (supply ) Tj ET Q q 0 0 0 rg BT 436.95 473.25 Td (contract, ) Tj ET Q q 0 0 0 rg BT 474.38 473.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.33 473.25 Td (trial ) Tj ET Q q 0 0 0 rg BT 508.16 473.25 Td (was ) Tj ET Q q 0 0 0 rg BT 526.44 473.25 Td (stayed ) Tj ET Q q 0 0 0 rg BT 554.72 473.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 461.25 Td (late ) Tj ET Q q 0 0 0 rg BT 66.90 461.25 Td (February ) Tj ET Q q 0 0 0 rg BT 105.97 461.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 128.94 461.25 Td (until ) Tj ET Q q 0 0 0 rg BT 150.24 461.25 Td (a ) Tj ET Q q 0 0 0 rg BT 157.64 461.25 Td (later ) Tj ET Q q 0 0 0 rg BT 178.38 461.25 Td (date ) Tj ET Q q 0 0 0 rg BT 198.00 461.25 Td (yet ) Tj ET Q q 0 0 0 rg BT 213.18 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.93 461.25 Td (be ) Tj ET Q q 0 0 0 rg BT 236.34 461.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 284.28 461.25 Td (by ) Tj ET Q q 0 0 0 rg BT 297.25 461.25 Td (the ) Tj ET Q q 0 0 0 rg BT 312.44 461.25 Td (District ) Tj ET Q q 0 0 0 rg BT 345.40 461.25 Td (Court. ) Tj ET Q q 0 0 0 rg BT 373.65 461.25 Td ( ) Tj ET Q q 0 0 0 rg BT 376.40 461.25 Td (The ) Tj ET Q q 0 0 0 rg BT 394.91 461.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 436.77 461.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 460.84 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 471.59 461.25 Td (continue ) Tj ET Q q 0 0 0 rg BT 508.99 461.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 461.25 Td (vigorously ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.25 Td (defend ) Tj ET Q q 0 0 0 rg BT 79.21 449.25 Td (its ) Tj ET Q q 0 0 0 rg BT 91.16 449.25 Td (position, ) Tj ET Q q 0 0 0 rg BT 128.38 449.25 Td (but ) Tj ET Q q 0 0 0 rg BT 143.66 449.25 Td (we ) Tj ET Q q 0 0 0 rg BT 157.82 449.25 Td (are ) Tj ET Q q 0 0 0 rg BT 172.53 449.25 Td (unable ) Tj ET Q q 0 0 0 rg BT 201.68 449.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.96 449.25 Td (predict ) Tj ET Q q 0 0 0 rg BT 242.22 449.25 Td (at ) Tj ET Q q 0 0 0 rg BT 251.94 449.25 Td (this ) Tj ET Q q 0 0 0 rg BT 268.89 449.25 Td (time ) Tj ET Q q 0 0 0 rg BT 289.16 449.25 Td (the ) Tj ET Q q 0 0 0 rg BT 303.88 449.25 Td (outcome ) Tj ET Q q 0 0 0 rg BT 340.81 449.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.64 449.25 Td (this ) Tj ET Q q 0 0 0 rg BT 368.59 449.25 Td (dispute.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 425.25 Td (Settlement ) Tj ET Q q 0 0 0 rg BT 93.65 425.25 Td (of ) Tj ET Q q 0 0 0 rg BT 103.93 425.25 Td (NGS ) Tj ET Q q 0 0 0 rg BT 125.32 425.25 Td (Sub ) Tj ET Q q 0 0 0 rg BT 142.82 425.25 Td (Corp., ) Tj ET Q q 0 0 0 rg BT 170.88 425.25 Td (Evolution, ) Tj ET Q q 0 0 0 rg BT 214.76 425.25 Td (et ) Tj ET Q q 0 0 0 rg BT 224.48 425.25 Td (al ) Tj ET Q q 0 0 0 rg BT 234.76 425.25 Td (v) Tj ET Q q 0 0 0 rg BT 238.46 425.25 Td (. ) Tj ET Q q 0 0 0 rg BT 243.46 425.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 280.95 425.25 Td (Onshor) Tj ET Q q 0 0 0 rg BT 310.58 425.25 Td (e, ) Tj ET Q q 0 0 0 rg BT 320.02 425.25 Td (LLC) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 401.25 Td (During ) Tj ET Q q 0 0 0 rg BT 97.46 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 111.31 401.25 Td (second ) Tj ET Q q 0 0 0 rg BT 140.72 401.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 170.66 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 180.63 401.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 204.76 401.25 Td (we ) Tj ET Q q 0 0 0 rg BT 218.05 401.25 Td (settled ) Tj ET Q q 0 0 0 rg BT 245.79 401.25 Td (litigation ) Tj ET Q q 0 0 0 rg BT 283.53 401.25 Td (pending ) Tj ET Q q 0 0 0 rg BT 317.38 401.25 Td (since ) Tj ET Q q 0 0 0 rg BT 339.56 401.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 361.20 401.25 Td (related ) Tj ET Q q 0 0 0 rg BT 390.03 401.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.44 401.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 454.94 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.91 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.76 401.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 502.61 401.25 Td (of ) Tj ET Q q 0 0 0 rg BT 512.57 401.25 Td (the ) Tj ET Q q 0 0 0 rg BT 526.42 401.25 Td (contracts ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.81 389.25 Td (which ) Tj ET Q q 0 0 0 rg BT 101.78 389.25 Td (we ) Tj ET Q q 0 0 0 rg BT 115.98 389.25 Td (purchased ) Tj ET Q q 0 0 0 rg BT 159.05 389.25 Td (our ) Tj ET Q q 0 0 0 rg BT 174.92 389.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 206.89 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 217.20 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.96 389.25 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 256.71 389.25 Td (Field ) Tj ET Q q 0 0 0 rg BT 279.80 389.25 Td (from ) Tj ET Q q 0 0 0 rg BT 301.78 389.25 Td (an ) Tj ET Q q 0 0 0 rg BT 313.75 389.25 Td (af) Tj ET Q q 0 0 0 rg BT 321.34 389.25 Td (filiate ) Tj ET Q q 0 0 0 rg BT 347.20 389.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.06 389.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.82 389.25 Td (entity ) Tj ET Q q 0 0 0 rg BT 398.13 389.25 Td (which ) Tj ET Q q 0 0 0 rg BT 425.10 389.25 Td (continues ) Tj ET Q q 0 0 0 rg BT 465.96 389.25 Td (to ) Tj ET Q q 0 0 0 rg BT 476.28 389.25 Td (own ) Tj ET Q q 0 0 0 rg BT 496.04 389.25 Td (an ) Tj ET Q q 0 0 0 rg BT 508.01 389.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 539.98 389.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 389.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 377.25 Td (field, ) Tj ET Q q 0 0 0 rg BT 72.65 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 89.41 377.25 Td (claims ) Tj ET Q q 0 0 0 rg BT 117.84 377.25 Td (related ) Tj ET Q q 0 0 0 rg BT 147.37 377.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.47 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 172.01 377.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 207.11 377.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 244.42 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 261.18 377.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 301.27 377.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 330.80 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 341.46 377.25 Td (the ) Tj ET Q q 0 0 0 rg BT 356.00 377.25 Td (June ) Tj ET Q q 0 0 0 rg BT 376.65 377.25 Td (2013 ) Tj ET Q q 0 0 0 rg BT 398.98 377.25 Td (release ) Tj ET Q q 0 0 0 rg BT 429.06 377.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.71 377.25 Td (well ) Tj ET Q q 0 0 0 rg BT 459.25 377.25 Td (fluids ) Tj ET Q q 0 0 0 rg BT 484.35 377.25 Td (in ) Tj ET Q q 0 0 0 rg BT 494.46 377.25 Td (that ) Tj ET Q q 0 0 0 rg BT 511.78 377.25 Td (field ) Tj ET Q q 0 0 0 rg BT 532.42 377.25 Td (and ) Tj ET Q q 0 0 0 rg BT 549.19 377.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 99.97 365.25 Td (of ) Tj ET Q q 0 0 0 rg BT 111.01 365.25 Td (that ) Tj ET Q q 0 0 0 rg BT 128.72 365.25 Td (release. ) Tj ET Q q 0 0 0 rg BT 164.18 365.25 Td (In ) Tj ET Q q 0 0 0 rg BT 175.23 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 190.15 365.25 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 236.46 365.25 Td (we ) Tj ET Q q 0 0 0 rg BT 250.83 365.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 270.76 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 365.25 Td (co-owner ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 326.16 365.25 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 351.37 365.25 Td (million) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.26 365.25 Td (, ) Tj ET Q q 0 0 0 rg BT 385.48 365.25 Td (exchanged ) Tj ET Q q 0 0 0 rg BT 430.94 365.25 Td (various ) Tj ET Q q 0 0 0 rg BT 463.09 365.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 499.13 365.25 Td (in ) Tj ET Q q 0 0 0 rg BT 509.62 365.25 Td (the ) Tj ET Q q 0 0 0 rg BT 524.55 365.25 Td (field, ) Tj ET Q q 0 0 0 rg BT 548.08 365.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 353.25 Td (agreed ) Tj ET Q q 0 0 0 rg BT 78.49 353.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 100.83 353.25 Td (ongoing ) Tj ET Q q 0 0 0 rg BT 135.95 353.25 Td (field ) Tj ET Q q 0 0 0 rg BT 156.61 353.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 200.61 353.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.39 353.25 Td (related ) Tj ET Q q 0 0 0 rg BT 246.93 353.25 Td (transportation ) Tj ET Q q 0 0 0 rg BT 304.82 353.25 Td (char) Tj ET Q q 0 0 0 rg BT 321.84 353.25 Td (ges. ) Tj ET Q q 0 0 0 rg BT 340.02 353.25 Td ( ) Tj ET Q q 0 0 0 rg BT 342.19 353.25 Td (The ) Tj ET Q q 0 0 0 rg BT 360.08 353.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 380.19 353.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 416.96 353.25 Td (was ) Tj ET Q q 0 0 0 rg BT 434.85 353.25 Td (recorded ) Tj ET Q q 0 0 0 rg BT 472.17 353.25 Td (to ) Tj ET Q q 0 0 0 rg BT 482.29 353.25 Td (Other ) Tj ET Q q 0 0 0 rg BT 511.84 353.25 Td (expenses ) Tj ET Q q 0 0 0 rg BT 554.72 353.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 341.25 Td (our ) Tj ET Q q 0 0 0 rg BT 65.33 341.25 Td (Consolidated ) Tj ET Q q 0 0 0 rg BT 120.60 341.25 Td (Statements ) Tj ET Q q 0 0 0 rg BT 166.99 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.82 341.25 Td (Operations ) Tj ET Q q 0 0 0 rg BT 224.19 341.25 Td (in ) Tj ET Q q 0 0 0 rg BT 234.47 341.25 Td (the ) Tj ET Q q 0 0 0 rg BT 249.19 341.25 Td (second ) Tj ET Q q 0 0 0 rg BT 279.46 341.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 310.27 341.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.10 341.25 Td (2016.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 317.25 Td (Other) Tj ET Q q 0 0 0 rg BT 74.87 317.25 Td ( ) Tj ET Q q 0 0 0 rg BT 77.37 317.25 Td (Contingencies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 293.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 293.25 Td (e ) Tj ET Q q 0 0 0 rg BT 83.36 293.25 Td (are ) Tj ET Q q 0 0 0 rg BT 98.35 293.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 129.46 293.25 Td (to ) Tj ET Q q 0 0 0 rg BT 140.03 293.25 Td (audits ) Tj ET Q q 0 0 0 rg BT 166.70 293.25 Td (for ) Tj ET Q q 0 0 0 rg BT 181.14 293.25 Td (various ) Tj ET Q q 0 0 0 rg BT 213.36 293.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 236.70 293.25 Td (\(income, ) Tj ET Q q 0 0 0 rg BT 274.74 293.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 296.97 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 314.19 293.25 Td (use, ) Tj ET Q q 0 0 0 rg BT 332.81 293.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.03 293.25 Td (severance\) ) Tj ET Q q 0 0 0 rg BT 395.56 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 406.12 293.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.12 293.25 Td (various ) Tj ET Q q 0 0 0 rg BT 453.35 293.25 Td (states ) Tj ET Q q 0 0 0 rg BT 478.35 293.25 Td (in ) Tj ET Q q 0 0 0 rg BT 488.91 293.25 Td (which ) Tj ET Q q 0 0 0 rg BT 516.13 293.25 Td (we ) Tj ET Q q 0 0 0 rg BT 530.58 293.25 Td (operate, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 281.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.72 281.25 Td (from ) Tj ET Q q 0 0 0 rg BT 88.94 281.25 Td (time ) Tj ET Q q 0 0 0 rg BT 109.50 281.25 Td (to ) Tj ET Q q 0 0 0 rg BT 120.06 281.25 Td (time ) Tj ET Q q 0 0 0 rg BT 140.61 281.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 172.26 281.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 223.37 281.25 Td (for ) Tj ET Q q 0 0 0 rg BT 237.81 281.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 275.58 281.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 298.91 281.25 Td (that ) Tj ET Q q 0 0 0 rg BT 316.69 281.25 Td (we ) Tj ET Q q 0 0 0 rg BT 331.13 281.25 Td (may ) Tj ET Q q 0 0 0 rg BT 351.13 281.25 Td (owe. ) Tj ET Q q 0 0 0 rg BT 375.58 281.25 Td (In ) Tj ET Q q 0 0 0 rg BT 386.69 281.25 Td (the ) Tj ET Q q 0 0 0 rg BT 401.69 281.25 Td (past, ) Tj ET Q q 0 0 0 rg BT 423.08 281.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 466.96 281.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.07 281.25 Td (these ) Tj ET Q q 0 0 0 rg BT 501.40 281.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 533.62 281.25 Td (has ) Tj ET Q q 0 0 0 rg BT 549.73 281.25 Td (not ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 269.25 Td (had ) Tj ET Q q 0 0 0 rg BT 66.44 269.25 Td (a ) Tj ET Q q 0 0 0 rg BT 73.38 269.25 Td (material ) Tj ET Q q 0 0 0 rg BT 108.64 269.25 Td (adverse ) Tj ET Q q 0 0 0 rg BT 141.67 269.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 179.15 269.25 Td (impact ) Tj ET Q q 0 0 0 rg BT 208.87 269.25 Td (on ) Tj ET Q q 0 0 0 rg BT 221.37 269.25 Td (us, ) Tj ET Q q 0 0 0 rg BT 235.26 269.25 Td (and ) Tj ET Q q 0 0 0 rg BT 252.20 269.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 290.79 269.25 Td (we ) Tj ET Q q 0 0 0 rg BT 304.95 269.25 Td (have ) Tj ET Q q 0 0 0 rg BT 326.33 269.25 Td (no ) Tj ET Q q 0 0 0 rg BT 338.83 269.25 Td (material ) Tj ET Q q 0 0 0 rg BT 374.08 269.25 Td (assessments ) Tj ET Q q 0 0 0 rg BT 424.92 269.25 Td (for ) Tj ET Q q 0 0 0 rg BT 439.08 269.25 Td (potential ) Tj ET Q q 0 0 0 rg BT 476.57 269.25 Td (taxes.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 245.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 245.25 Td (e ) Tj ET Q q 0 0 0 rg BT 82.02 245.25 Td (are ) Tj ET Q q 0 0 0 rg BT 95.67 245.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 125.44 245.25 Td (to ) Tj ET Q q 0 0 0 rg BT 134.66 245.25 Td (various ) Tj ET Q q 0 0 0 rg BT 165.54 245.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 199.76 245.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 256.18 245.25 Td (that ) Tj ET Q q 0 0 0 rg BT 272.62 245.25 Td (arise ) Tj ET Q q 0 0 0 rg BT 292.94 245.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 331.60 245.25 Td (from ) Tj ET Q q 0 0 0 rg BT 352.48 245.25 Td (interpretation ) Tj ET Q q 0 0 0 rg BT 407.79 245.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.56 245.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 446.76 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 462.64 245.25 Td (state ) Tj ET Q q 0 0 0 rg BT 482.41 245.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 502.18 245.25 Td (and ) Tj ET Q q 0 0 0 rg BT 518.06 245.25 Td (regulations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 233.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 233.25 Td (fecting ) Tj ET Q q 0 0 0 rg BT 87.85 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 103.06 233.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.61 233.25 Td (and ) Tj ET Q q 0 0 0 rg BT 134.04 233.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 164.80 233.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 181.13 233.25 Td (industry) Tj ET Q q 0 0 0 rg BT 213.25 233.25 Td (.Such ) Tj ET Q q 0 0 0 rg BT 243.75 233.25 Td (contingencies ) Tj ET Q q 0 0 0 rg BT 301.72 233.25 Td (include ) Tj ET Q q 0 0 0 rg BT 334.15 233.25 Td (dif) Tj ET Q q 0 0 0 rg BT 345.08 233.25 Td (fering ) Tj ET Q q 0 0 0 rg BT 371.95 233.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 432.70 233.25 Td (as ) Tj ET Q q 0 0 0 rg BT 444.03 233.25 Td (to ) Tj ET Q q 0 0 0 rg BT 454.80 233.25 Td (the ) Tj ET Q q 0 0 0 rg BT 470.01 233.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 496.89 233.25 Td (at ) Tj ET Q q 0 0 0 rg BT 507.10 233.25 Td (which ) Tj ET Q q 0 0 0 rg BT 534.53 233.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.08 233.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 221.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 80.06 221.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 96.19 221.25 Td (sales ) Tj ET Q q 0 0 0 rg BT 118.43 221.25 Td (may ) Tj ET Q q 0 0 0 rg BT 138.44 221.25 Td (be ) Tj ET Q q 0 0 0 rg BT 150.68 221.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 177.63 221.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 221.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 219.32 221.25 Td (at ) Tj ET Q q 0 0 0 rg BT 229.33 221.25 Td (which ) Tj ET Q q 0 0 0 rg BT 256.57 221.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 287.69 221.25 Td (owners ) Tj ET Q q 0 0 0 rg BT 319.37 221.25 Td (may ) Tj ET Q q 0 0 0 rg BT 339.39 221.25 Td (be ) Tj ET Q q 0 0 0 rg BT 351.62 221.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 371.64 221.25 Td (for ) Tj ET Q q 0 0 0 rg BT 386.10 221.25 Td (production ) Tj ET Q q 0 0 0 rg BT 432.22 221.25 Td (from ) Tj ET Q q 0 0 0 rg BT 454.46 221.25 Td (their ) Tj ET Q q 0 0 0 rg BT 475.58 221.25 Td (leases, ) Tj ET Q q 0 0 0 rg BT 504.75 221.25 Td (environmental ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 209.25 Td (issues ) Tj ET Q q 0 0 0 rg BT 75.31 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.66 209.25 Td (other ) Tj ET Q q 0 0 0 rg BT 114.13 209.25 Td (matters.) Tj ET Q q 0 0 0 rg BT 150.51 209.25 Td (Although ) Tj ET Q q 0 0 0 rg BT 190.20 209.25 Td (we ) Tj ET Q q 0 0 0 rg BT 203.78 209.25 Td (believe ) Tj ET Q q 0 0 0 rg BT 234.57 209.25 Td (that ) Tj ET Q q 0 0 0 rg BT 251.48 209.25 Td (we ) Tj ET Q q 0 0 0 rg BT 265.06 209.25 Td (have ) Tj ET Q q 0 0 0 rg BT 285.85 209.25 Td (complied ) Tj ET Q q 0 0 0 rg BT 324.98 209.25 Td (with ) Tj ET Q q 0 0 0 rg BT 344.67 209.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.81 209.25 Td (various ) Tj ET Q q 0 0 0 rg BT 390.16 209.25 Td (laws ) Tj ET Q q 0 0 0 rg BT 410.41 209.25 Td (and ) Tj ET Q q 0 0 0 rg BT 426.76 209.25 Td (regulations, ) Tj ET Q q 0 0 0 rg BT 475.61 209.25 Td (administrative ) Tj ET Q q 0 0 0 rg BT 534.74 209.25 Td (rulings ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.54 197.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 124.90 197.25 Td (thereof, ) Tj ET Q q 0 0 0 rg BT 157.31 197.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 206.68 197.25 Td (could ) Tj ET Q q 0 0 0 rg BT 230.50 197.25 Td (be ) Tj ET Q q 0 0 0 rg BT 241.54 197.25 Td (required ) Tj ET Q q 0 0 0 rg BT 276.45 197.25 Td (as ) Tj ET Q q 0 0 0 rg BT 286.38 197.25 Td (new ) Tj ET Q q 0 0 0 rg BT 304.64 197.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 364.00 197.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.03 197.25 Td (regulations ) Tj ET Q q 0 0 0 rg BT 426.07 197.25 Td (are ) Tj ET Q q 0 0 0 rg BT 439.87 197.25 Td (issued.In ) Tj ET Q q 0 0 0 rg BT 482.30 197.25 Td (addition, ) Tj ET Q q 0 0 0 rg BT 519.18 197.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 185.25 Td (rates, ) Tj ET Q q 0 0 0 rg BT 73.38 185.25 Td (marketing ) Tj ET Q q 0 0 0 rg BT 116.42 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 133.36 185.25 Td (environmental ) Tj ET Q q 0 0 0 rg BT 193.62 185.25 Td (matters ) Tj ET Q q 0 0 0 rg BT 225.55 185.25 Td (are ) Tj ET Q q 0 0 0 rg BT 240.26 185.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.08 185.25 Td (to ) Tj ET Q q 0 0 0 rg BT 281.36 185.25 Td (regulation ) Tj ET Q q 0 0 0 rg BT 324.40 185.25 Td (by ) Tj ET Q q 0 0 0 rg BT 336.90 185.25 Td (various ) Tj ET Q q 0 0 0 rg BT 368.84 185.25 Td (federal ) Tj ET Q q 0 0 0 rg BT 399.09 185.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.03 185.25 Td (state ) Tj ET Q q 0 0 0 rg BT 436.86 185.25 Td (agencies.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 173.25 Td ( ) Tj ET Q endstream endobj 195 0 obj <> endobj 196 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 215.70 736.60 Td (Notes to Consolidated Financial Statements) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 301.00 30.60 Td (97) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Note ) Tj ET Q q 0 0 0 rg BT 71.99 713.25 Td (1) Tj ET Q q 0 0 0 rg BT 76.44 713.25 Td (1. ) Tj ET Q q 0 0 0 rg BT 85.89 713.25 Td (Additional ) Tj ET Q q 0 0 0 rg BT 133.96 713.25 Td (Balance ) Tj ET Q q 0 0 0 rg BT 170.34 713.25 Td (Sheet ) Tj ET Q q 0 0 0 rg BT 196.17 713.25 Td (Details) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 689.25 Td (T) Tj ET Q q 0 0 0 rg BT 55.43 689.25 Td (rade ) Tj ET Q q 0 0 0 rg BT 77.37 689.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.99 689.25 Td (Other) Tj ET Q q 0 0 0 rg BT 121.36 689.25 Td ( ) Tj ET Q q 0 0 0 rg BT 123.86 689.25 Td (Receivables, ) Tj ET Q q 0 0 0 rg BT 178.84 689.25 Td (Net) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 652.75 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 652.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 652.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 622.75 375.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 425.00 622.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 429.00 622.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 494.00 622.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 498.00 622.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 665.75 m 494 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 665.75 m 498 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 665.75 m 563 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 652.75 m 425 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 665.75 m 494 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 652.75 m 494 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 494 665.75 m 498 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 665.75 m 563 665.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 652.75 m 563 652.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 607.75 m 494 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 593.75 m 494 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 429 591.75 m 494 591.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 607.75 m 563 607.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 593.75 m 563 593.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 498 591.75 m 563 591.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.45 669.32 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 656.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 451.00 656.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 520.00 656.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 642.42 Td (Trade accounts receivable, net) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 642.42 Td (20,084) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 642.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 642.42 Td (40,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 627.42 Td (Commodity derivatives settlement receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 480.15 627.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 627.42 Td (25,994) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 612.42 Td (Other receivables) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 612.42 Td (23,816) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 612.42 Td (20,953) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 597.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.50 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.65 597.42 Td (43,900) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 500.50 597.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.65 597.42 Td (87,093) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 569.25 Td (Accounts ) Tj ET Q q 0 0 0 rg BT 91.44 569.25 Td (Payable ) Tj ET Q q 0 0 0 rg BT 127.83 569.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.90 569.25 Td (Accrued ) Tj ET Q q 0 0 0 rg BT 184.50 569.25 Td (Liabilities) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 532.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 532.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 532.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 532.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 532.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 502.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 502.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 502.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 502.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 502.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 472.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 472.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 472.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 472.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 442.75 374.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 442.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 442.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 442.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 442.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 545.75 m 493 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 545.75 m 497 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 545.75 m 562 545.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 532.75 m 424 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 532.75 m 493 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 532.75 m 562 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 532.75 m 424 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 532.75 m 493 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 532.75 m 562 532.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 427.75 m 493 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 427.75 m 562 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 413.75 m 493 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 411.75 m 493 411.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 427.75 m 562 427.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 413.75 m 562 413.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 411.75 m 562 411.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 549.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.45 549.32 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 536.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 536.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 536.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 522.42 Td (Accrued compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 522.42 Td (41,894) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 522.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 522.42 Td (46,780) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 507.42 Td (Accrued lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 507.42 Td (28,918) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 507.42 Td (37,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 492.42 Td (Accrued interest) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 492.42 Td (28,823) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 492.42 Td (48,908) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 477.42 Td (Accounts payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 477.42 Td (28,301) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 477.42 Td (30,477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 462.42 Td (Taxes payable) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 462.42 Td (20,979) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 462.42 Td (32,438) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 447.42 Td (Accrued exploration and development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 447.42 Td (7,420) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 447.42 Td (20,892) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 432.42 Td (Other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 432.42 Td (43,931) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 432.42 Td (36,153) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 417.42 Td (Total) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 417.42 Td (200,266) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 417.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 417.42 Td (253,197) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 389.25 Td (Note 12. Supplemental Cash Flow Information) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 365.25 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 110.90 365.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 135.08 365.25 Td (Flow ) Tj ET Q q 0 0 0 rg BT 158.68 365.25 Td (Information) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 328.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 328.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 328.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 328.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 328.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 298.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 298.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 298.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 298.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 298.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 268.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 268.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 268.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 238.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 238.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 238.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 208.75 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 208.75 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 208.75 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 208.75 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 341.75 m 424 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 341.75 m 428 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 341.75 m 493 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 341.75 m 497 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 341.75 m 562 341.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 328.75 m 355 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 328.75 m 424 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 328.75 m 493 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 328.75 m 562 328.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 345.31 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 345.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 332.31 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 332.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 332.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 332.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 318.42 Td (Supplemental cash flow information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.00 318.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 460.00 318.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 318.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 303.42 Td (Cash paid for interest, expensed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 303.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 303.42 Td (130,843) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 303.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 303.42 Td (146,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 303.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 303.42 Td (185,140) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 288.42 Td (Cash paid for interest, capitalized) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 288.42 Td (25,982) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 288.42 Td (32,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 288.42 Td (24,202) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 273.42 Td (Cash paid for interest, treated as a reduction of debt) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 273.42 Td (25,835) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.15 273.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 273.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 258.42 Td (Cash paid for income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.15 258.42 Td (375) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 258.42 Td (6,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 258.42 Td (5,033) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 243.42 Td (Cash received from income tax refunds) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.30 243.47 Td (\(2,455) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 243.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 243.47 Td (\(50,163) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 243.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 527.30 243.47 Td (\(13,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 243.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 228.42 Td (Noncash investing and financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.50 228.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.50 228.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 213.42 Td (Increase in asset retirement obligations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 213.42 Td (11,621) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 213.42 Td (14,866) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 213.42 Td (6,500) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 198.42 Td (Increase \(decrease\) in liabilities for capital expenditures) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.30 198.47 Td (\(13,593) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.30 198.47 Td (\(97,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 198.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 543.15 198.42 Td (215) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 183.42 Td (Retirement of treasury stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 410.15 183.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 183.42 Td (884,129) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 183.42 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 197 0 obj <> 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480.75 m 424 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 480.75 m 493 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 480.75 m 562 480.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 466.75 m 424 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 464.75 m 424 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 466.75 m 493 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 464.75 m 493 464.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 466.75 m 562 466.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 464.75 m 562 464.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.32 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 657.32 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 644.31 Td (In thousands, except per BOE data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 644.32 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 644.32 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 644.32 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 630.42 Td (Oil, natural gas, and related product sales) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 630.42 Td (935,751) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 630.42 Td (1,213,026) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 630.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 630.42 Td (2,372,473) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 615.42 Td (Lease operating expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 615.42 Td (414,937) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 615.42 Td (515,043) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 615.42 Td (647,559) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 600.42 Td (Marketing expenses, net of third-party purchases, and plant operating) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 590.42 Td (expenses) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 590.42 Td (45,151) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 590.42 Td (48,319) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 590.42 Td (47,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 575.42 Td (Production and ad valorem taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 575.42 Td (68,878) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 575.42 Td (95,687) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 575.42 Td (155,495) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 560.42 Td (Depletion, depreciation, and amortization) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 560.42 Td (169,550) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.65 560.42 Td (436,167) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 560.42 Td (494,402) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 545.42 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 66.39 543.99 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 69.64 545.42 Td ( properties and pipelines depletion and depreciation ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 278.74 549.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 545.42 Td (50,573) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 545.42 Td (55,929) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 545.42 Td (58,759) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 530.42 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 530.42 Td (810,921) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 530.42 Td (4,939,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 548.15 530.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 515.42 Td (127,944) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 453.30 515.47 Td (\(147,999) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 522.30 515.47 Td (\(555,255) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.15 515.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 500.42 Td (Net operating income \(loss\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 500.47 Td (\(752,203) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 500.47 Td (\(4,729,720) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 500.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 500.42 Td (1,523,548) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 485.42 Td (Income tax provision \(benefit\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 485.47 Td (\(285,837) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 485.47 Td (\(1,797,294) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 485.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 485.42 Td (578,948) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 470.42 Td (Results of operations from oil and natural gas producing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 384.30 470.47 Td (\(466,366) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.15 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.80 470.47 Td (\(2,932,426) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.15 470.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 470.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 470.42 Td (944,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 440.42 Td (Depletion, depreciation, and amortization per BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 440.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.65 440.42 Td (9.40) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 440.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.65 440.42 Td (18.50) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.50 440.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.65 440.42 Td (20.36) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 412.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 412.25 Td (Represents ) Tj ET Q q 0 0 0 rg BT 113.58 412.25 Td (an ) Tj ET Q q 0 0 0 rg BT 125.22 412.25 Td (allocation ) Tj ET Q q 0 0 0 rg BT 166.86 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 177.39 412.25 Td (the ) Tj ET Q q 0 0 0 rg BT 191.81 412.25 Td (depletion ) Tj ET Q q 0 0 0 rg BT 231.23 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 247.87 412.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 299.50 412.25 Td (of ) Tj ET Q q 0 0 0 rg BT 310.03 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 325.57 412.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 339.46 410.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.71 412.25 Td ( ) Tj ET Q q 0 0 0 rg BT 344.91 412.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 387.10 412.25 Td (and ) Tj ET Q q 0 0 0 rg BT 403.75 412.25 Td (pipelines ) Tj ET Q q 0 0 0 rg BT 442.05 412.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 485.35 412.25 Td (with ) Tj ET Q q 0 0 0 rg BT 505.33 412.25 Td (our ) Tj ET Q q 0 0 0 rg BT 520.87 412.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 551.95 412.25 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 400.25 Td (producing ) Tj ET Q q 0 0 0 rg BT 110.55 400.25 Td (activities.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 376.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 65.33 376.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.96 376.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 119.79 376.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 138.96 376.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 352.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 85.56 352.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 116.95 352.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.13 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 149.19 352.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 180.58 352.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 197.53 352.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 230.02 352.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 270.86 352.25 Td (for ) Tj ET Q q 0 0 0 rg BT 286.14 352.25 Td (all ) Tj ET Q q 0 0 0 rg BT 299.76 352.25 Td (years ) Tj ET Q q 0 0 0 rg BT 324.48 352.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 366.42 352.25 Td (were ) Tj ET Q q 0 0 0 rg BT 389.47 352.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 428.07 352.25 Td (by ) Tj ET Q q 0 0 0 rg BT 441.69 352.25 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 484.75 352.25 Td (and ) Tj ET Q q 0 0 0 rg BT 502.81 352.25 Td (MacNaughton, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 340.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 101.07 340.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 144.32 340.25 Td (engineers ) Tj ET Q q 0 0 0 rg BT 185.33 340.25 Td (located ) Tj ET Q q 0 0 0 rg BT 216.91 340.25 Td (in ) Tj ET Q q 0 0 0 rg BT 227.39 340.25 Td (Dallas, ) Tj ET Q q 0 0 0 rg BT 257.94 340.25 Td (T) Tj ET Q q 0 0 0 rg BT 263.35 340.25 Td (exas.) Tj ET Q q 0 0 0 rg BT 288.44 340.25 Td (These ) Tj ET Q q 0 0 0 rg BT 315.02 340.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 328.28 340.25 Td (and ) Tj ET Q q 0 0 0 rg BT 345.42 340.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 375.88 340.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 391.91 340.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 423.48 340.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 463.40 340.25 Td (do ) Tj ET Q q 0 0 0 rg BT 476.10 340.25 Td (not ) Tj ET Q q 0 0 0 rg BT 491.58 340.25 Td (include ) Tj ET Q q 0 0 0 rg BT 523.71 340.25 Td (any ) Tj ET Q q 0 0 0 rg BT 540.85 340.25 Td (value ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 63.97 328.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 101.77 328.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.91 328.25 Td (possible ) Tj ET Q q 0 0 0 rg BT 148.50 328.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 184.07 328.25 Td (that ) Tj ET Q q 0 0 0 rg BT 201.88 328.25 Td (may ) Tj ET Q q 0 0 0 rg BT 221.91 328.25 Td (exist, ) Tj ET Q q 0 0 0 rg BT 246.10 328.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 262.25 328.25 Td (do ) Tj ET Q q 0 0 0 rg BT 275.06 328.25 Td (they ) Tj ET Q q 0 0 0 rg BT 295.08 328.25 Td (include ) Tj ET Q q 0 0 0 rg BT 327.33 328.25 Td (any ) Tj ET Q q 0 0 0 rg BT 344.58 328.25 Td (value ) Tj ET Q q 0 0 0 rg BT 369.05 328.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.52 328.25 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 437.42 328.25 Td (acreage.) Tj ET Q q 0 0 0 rg BT 475.27 328.25 Td (The ) Tj ET Q q 0 0 0 rg BT 493.62 328.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 525.30 328.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 316.25 Td (represent ) Tj ET Q q 0 0 0 rg BT 87.95 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 103.08 316.25 Td (net ) Tj ET Q q 0 0 0 rg BT 117.09 316.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 150.54 316.25 Td (interest ) Tj ET Q q 0 0 0 rg BT 181.78 316.25 Td (in ) Tj ET Q q 0 0 0 rg BT 191.35 316.25 Td (our ) Tj ET Q q 0 0 0 rg BT 206.49 316.25 Td (properties.See ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 270.21 316.25 Td (Standar) Tj ET Q q 0 0 0 rg BT 301.51 316.25 Td (dized ) Tj ET Q q 0 0 0 rg BT 324.42 316.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 354.60 316.25 Td (e ) Tj ET Q q 0 0 0 rg BT 360.84 316.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.42 316.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 417.76 316.25 Td (Futur) Tj ET Q q 0 0 0 rg BT 440.17 316.25 Td (e ) Tj ET Q q 0 0 0 rg BT 446.41 316.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 462.10 316.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 484.46 316.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 510.71 316.25 Td (and ) Tj ET Q q 0 0 0 rg BT 527.51 316.25 Td (Changes ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 304.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 68.02 304.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 83.03 304.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 119.71 304.25 Td (to ) Tj ET Q q 0 0 0 rg BT 130.28 304.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 139.91 304.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 161.58 304.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 177.16 304.25 Td (and ) Tj ET Q q 0 0 0 rg BT 194.95 304.25 Td (Natural ) Tj ET Q q 0 0 0 rg BT 228.87 304.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 247.78 304.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.31 304.25 Td ( ) Tj ET Q q 0 0 0 rg BT 286.11 304.25 Td (below ) Tj ET Q q 0 0 0 rg BT 313.34 304.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.80 304.25 Td (a ) Tj ET Q q 0 0 0 rg BT 335.03 304.25 Td (discussion ) Tj ET Q q 0 0 0 rg BT 379.50 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.62 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.64 304.25 Td (ef) Tj ET Q q 0 0 0 rg BT 413.22 304.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 431.00 304.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.13 304.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.14 304.25 Td (dif) Tj ET Q q 0 0 0 rg BT 468.07 304.25 Td (ferent ) Tj ET Q q 0 0 0 rg BT 494.18 304.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 520.85 304.25 Td (on ) Tj ET Q q 0 0 0 rg BT 533.65 304.25 Td (reserve ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 292.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.55 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.15 292.25 Td (values.Operating ) Tj ET Q q 0 0 0 rg BT 185.35 292.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 211.02 292.25 Td (production ) Tj ET Q q 0 0 0 rg BT 257.51 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 275.12 292.25 Td (ad ) Tj ET Q q 0 0 0 rg BT 287.72 292.25 Td (valorem ) Tj ET Q q 0 0 0 rg BT 323.65 292.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 349.86 292.25 Td (and ) Tj ET Q q 0 0 0 rg BT 367.47 292.25 Td (future ) Tj ET Q q 0 0 0 rg BT 394.51 292.25 Td (development ) Tj ET Q q 0 0 0 rg BT 449.33 292.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 472.50 292.25 Td (were ) Tj ET Q q 0 0 0 rg BT 495.09 292.25 Td (based ) Tj ET Q q 0 0 0 rg BT 521.03 292.25 Td (on ) Tj ET Q q 0 0 0 rg BT 534.19 292.25 Td (current ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 280.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 72.00 280.25 Td (as ) Tj ET Q q 0 0 0 rg BT 82.83 280.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 93.66 280.25 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.24 280.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.24 280.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 256.25 Td (There ) Tj ET Q q 0 0 0 rg BT 93.93 256.25 Td (are ) Tj ET Q q 0 0 0 rg BT 109.25 256.25 Td (numerous ) Tj ET Q q 0 0 0 rg BT 151.81 256.25 Td (uncertainties ) Tj ET Q q 0 0 0 rg BT 206.01 256.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 241.89 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.78 256.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 297.56 256.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 339.56 256.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.00 256.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 381.88 256.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 417.76 256.25 Td (and ) Tj ET Q q 0 0 0 rg BT 435.31 256.25 Td (in ) Tj ET Q q 0 0 0 rg BT 446.21 256.25 Td (projecting ) Tj ET Q q 0 0 0 rg BT 489.86 256.25 Td (the ) Tj ET Q q 0 0 0 rg BT 505.20 256.25 Td (future ) Tj ET Q q 0 0 0 rg BT 532.19 256.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 554.18 256.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 244.25 Td (production ) Tj ET Q q 0 0 0 rg BT 96.29 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 114.19 244.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 143.76 244.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.55 244.25 Td (development ) Tj ET Q q 0 0 0 rg BT 210.67 244.25 Td (expenditures.) Tj ET Q q 0 0 0 rg BT 269.08 244.25 Td (The ) Tj ET Q q 0 0 0 rg BT 288.09 244.25 Td (following ) Tj ET Q q 0 0 0 rg BT 330.44 244.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 362.77 244.25 Td (data ) Tj ET Q q 0 0 0 rg BT 382.88 244.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 426.88 244.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 467.56 244.25 Td (only ) Tj ET Q q 0 0 0 rg BT 488.80 244.25 Td (and ) Tj ET Q q 0 0 0 rg BT 506.70 244.25 Td (should ) Tj ET Q q 0 0 0 rg BT 536.83 244.25 Td (not ) Tj ET Q q 0 0 0 rg BT 553.07 244.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 232.25 Td (construed ) Tj ET Q q 0 0 0 rg BT 90.70 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 101.34 232.25 Td (being ) Tj ET Q q 0 0 0 rg BT 125.88 232.25 Td (exact.Moreover) Tj ET Q q 0 0 0 rg BT 193.50 232.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.32 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.85 232.25 Td (present ) Tj ET Q q 0 0 0 rg BT 244.05 232.25 Td (values ) Tj ET Q q 0 0 0 rg BT 271.92 232.25 Td (should ) Tj ET Q q 0 0 0 rg BT 300.90 232.25 Td (not ) Tj ET Q q 0 0 0 rg BT 316.00 232.25 Td (be ) Tj ET Q q 0 0 0 rg BT 327.76 232.25 Td (construed ) Tj ET Q q 0 0 0 rg BT 368.95 232.25 Td (as ) Tj ET Q q 0 0 0 rg BT 379.60 232.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.14 232.25 Td (current ) Tj ET Q q 0 0 0 rg BT 424.77 232.25 Td (market ) Tj ET Q q 0 0 0 rg BT 454.85 232.25 Td (value ) Tj ET Q q 0 0 0 rg BT 478.83 232.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.47 232.25 Td (our ) Tj ET Q q 0 0 0 rg BT 505.12 232.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 518.00 232.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.75 232.25 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 220.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.73 220.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 101.38 220.25 Td (or ) Tj ET Q q 0 0 0 rg BT 112.61 220.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.72 220.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 150.62 220.25 Td (that ) Tj ET Q q 0 0 0 rg BT 168.51 220.25 Td (would ) Tj ET Q q 0 0 0 rg BT 196.41 220.25 Td (be ) Tj ET Q q 0 0 0 rg BT 208.75 220.25 Td (incurred ) Tj ET Q q 0 0 0 rg BT 244.96 220.25 Td (to ) Tj ET Q q 0 0 0 rg BT 255.63 220.25 Td (obtain ) Tj ET Q q 0 0 0 rg BT 283.52 220.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 328.07 220.25 Td (reserves.Estimates ) Tj ET Q q 0 0 0 rg BT 410.11 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.34 220.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 456.99 220.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.22 220.25 Td (of ) Tj ET Q q 0 0 0 rg BT 479.45 220.25 Td (year) Tj ET Q q 0 0 0 rg BT 496.45 220.25 Td (-end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.12 220.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 537.12 220.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 542.52 220.25 Td (2015) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 208.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 66.62 208.25 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 86.62 208.25 Td ( ) Tj ET Q q 0 0 0 rg BT 89.31 208.25 Td (were ) Tj ET Q q 0 0 0 rg BT 111.42 208.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 149.08 208.25 Td (using ) Tj ET Q q 0 0 0 rg BT 173.44 208.25 Td (an ) Tj ET Q q 0 0 0 rg BT 185.56 208.25 Td (average ) Tj ET Q q 0 0 0 rg BT 219.33 208.25 Td (price ) Tj ET Q q 0 0 0 rg BT 242.00 208.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 266.34 208.25 Td (to ) Tj ET Q q 0 0 0 rg BT 276.80 208.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.70 208.25 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 341.04 208.25 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 384.26 208.25 Td (average ) Tj ET Q q 0 0 0 rg BT 418.03 208.25 Td (of ) Tj ET Q q 0 0 0 rg BT 429.05 208.25 Td (hydrocarbon ) Tj ET Q q 0 0 0 rg BT 482.27 208.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 508.83 208.25 Td (received ) Tj ET Q q 0 0 0 rg BT 545.38 208.25 Td (on ) Tj ET Q q 0 0 0 rg BT 558.06 208.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 196.25 Td (field-by-field ) Tj ET Q q 0 0 0 rg BT 105.15 196.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 127.49 196.25 Td (on ) Tj ET Q q 0 0 0 rg BT 139.83 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.38 196.25 Td (first ) Tj ET Q q 0 0 0 rg BT 172.83 196.25 Td (day ) Tj ET Q q 0 0 0 rg BT 189.61 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.28 196.25 Td (each ) Tj ET Q q 0 0 0 rg BT 220.93 196.25 Td (month ) Tj ET Q q 0 0 0 rg BT 248.83 196.25 Td (within ) Tj ET Q q 0 0 0 rg BT 276.72 196.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.28 196.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 334.71 196.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 358.70 196.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 399.92 196.25 Td (period.) Tj ET Q q 0 0 0 rg BT 432.42 196.25 Td (All ) Tj ET Q q 0 0 0 rg BT 447.54 196.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.21 196.25 Td (our ) Tj ET Q q 0 0 0 rg BT 473.88 196.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 508.97 196.25 Td (are ) Tj ET Q q 0 0 0 rg BT 523.52 196.25 Td (located ) Tj ET Q q 0 0 0 rg BT 554.73 196.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 184.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 184.25 Td (United ) Tj ET Q q 0 0 0 rg BT 93.93 184.25 Td (States.) Tj ET Q endstream endobj 201 0 obj <> endobj 202 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (100) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 713.25 Td (Estimated ) Tj ET Q q 0 0 0 rg BT 95.33 713.25 Td (Quantities ) Tj ET Q q 0 0 0 rg BT 142.28 713.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.11 713.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 163.47 713.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 185.97 713.25 Td (Reserves) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 651.75 98.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 147.50 651.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 151.50 651.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg 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/GS0 gs 423.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 515.50 559.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.50 559.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 513.75 98.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 147.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 151.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 193.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 197.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 239.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 243.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 331.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 335.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 377.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 515.50 513.75 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.50 513.75 42.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 484.75 98.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 147.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 151.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 193.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 197.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 239.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 243.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 285.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 289.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 331.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 335.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 377.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 381.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 469.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 473.50 484.75 42.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 515.50 484.75 4.00 -23.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 519.50 484.75 42.00 -23.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 688.75 m 193.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 688.75 m 197.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 688.75 m 239.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 688.75 m 243.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 688.75 m 285.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 285.5 688.75 m 289.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 688.75 m 331.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 688.75 m 335.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 688.75 m 377.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 688.75 m 381.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 688.75 m 423.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 688.75 m 427.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 688.75 m 469.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 688.75 m 473.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 688.75 m 515.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 688.75 m 519.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 688.75 m 561.5 688.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 674.75 m 193.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 674.75 m 197.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 674.75 m 239.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 674.75 m 243.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 674.75 m 285.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 674.75 m 331.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 674.75 m 335.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 674.75 m 377.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 674.75 m 381.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 674.75 m 423.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 674.75 m 469.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 469.5 674.75 m 473.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 674.75 m 515.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 515.5 674.75 m 519.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 674.75 m 561.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 674.75 m 193.5 674.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 651.75 m 193.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 651.75 m 239.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 651.75 m 285.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 651.75 m 331.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 651.75 m 377.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 651.75 m 423.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 651.75 m 469.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 651.75 m 515.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 651.75 m 561.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 651.75 m 193.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 193.5 651.75 m 197.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 651.75 m 239.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 239.5 651.75 m 243.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 651.75 m 285.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 651.75 m 331.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 331.5 651.75 m 335.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 651.75 m 377.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 377.5 651.75 m 381.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 651.75 m 423.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 513.75 m 193.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 513.75 m 239.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 513.75 m 285.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 513.75 m 331.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 513.75 m 377.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 513.75 m 423.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.75 m 469.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 513.75 m 515.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 513.75 m 561.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 513.75 m 193.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 500.75 m 193.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151.5 498.75 m 193.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 513.75 m 239.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 500.75 m 239.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 197.5 498.75 m 239.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 513.75 m 285.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 500.75 m 285.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 243.5 498.75 m 285.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 500.75 m 331.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 289.5 498.75 m 331.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 513.75 m 377.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 500.75 m 377.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 335.5 498.75 m 377.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 513.75 m 423.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 500.75 m 423.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 381.5 498.75 m 423.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.75 m 469.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 500.75 m 469.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 498.75 m 469.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 513.75 m 515.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 500.75 m 515.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 473.5 498.75 m 515.5 498.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 513.75 m 561.5 513.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 500.75 m 561.5 500.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 519.5 498.75 m 561.5 498.75 l s BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 693.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 308.70 693.21 Td (Year Ended December 31,) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 679.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 209.00 679.21 Td (2016) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 347.00 679.21 Td (2015) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 485.00 679.21 Td (2014) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.20 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 158.50 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.00 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 203.50 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.80 665.21 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 248.00 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 304.20 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 296.50 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.00 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.50 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.80 665.21 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 386.00 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 442.20 665.21 Td (Oil) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 434.50 656.21 Td (\(MBbl\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.00 665.21 Td (Gas) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 479.50 656.21 Td (\(MMcf\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.80 665.21 Td (Total) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 524.00 656.21 Td (\(MBOE\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 642.21 Td (Balance at beginning of) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 633.21 Td (year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.75 633.21 Td (282,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 633.21 Td (38,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 633.21 Td (288,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 633.21 Td (362,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 344.75 633.21 Td (452,402) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 633.21 Td (437,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 633.21 Td (386,659) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 633.21 Td (489,954) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 633.21 Td (468,318) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 619.21 Td (Revisions of previous) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 610.21 Td (estimates) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.75 610.21 Td (\(9,302) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 610.21 Td (16,289) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 610.21 Td (\(6,587) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 610.21 Td (\(56,582) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 341.75 610.21 Td (\(406,124) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 387.75 610.21 Td (\(124,269) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 452.50 610.21 Td (161) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 484.25 610.21 Td (\(29,007) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 534.75 610.21 Td (\(4,673) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 610.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 587.21 Td (Improved recovery ) Tj ET Q BT /F1 9.00 Tf ET BT /F1 5.85 Tf ET q 0 0 0 rg BT 122.97 591.29 Td (\(1\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 314.50 587.21 Td (357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 406.50 587.21 Td (357) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 445.75 587.21 Td (1,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 587.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 537.75 587.21 Td (1,468) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 564.21 Td (Production) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 162.25 564.21 Td (\(22,487) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.75 564.21 Td (\(5,628) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 254.25 564.21 Td (\(23,425) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 300.25 564.21 Td (\(25,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 328.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 350.75 564.21 Td (\(8,093) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 374.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 392.25 564.21 Td (\(26,594) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 420.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 438.25 564.21 Td (\(25,771) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 488.75 564.21 Td (\(8,379) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 530.25 564.21 Td (\(27,168) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 564.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 550.21 Td (Acquisition of minerals) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 541.21 Td (in place) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 181.00 541.21 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 227.00 541.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 273.00 541.21 Td (36) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 307.75 541.21 Td (1,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.50 541.21 Td (120) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 399.75 541.21 Td (1,405) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 457.00 541.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 503.00 541.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 549.00 541.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 527.21 Td (Sales of minerals in) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 518.21 Td (place) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 166.75 518.21 Td (\(3,394) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 190.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 212.75 518.21 Td (\(4,651) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 236.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 258.75 518.21 Td (\(4,169) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 282.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 319.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 365.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 411.00 518.21 Td () Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 449.50 518.21 Td (\(182) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 466.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 495.50 518.21 Td (\(166) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 512.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 541.50 518.21 Td (\(210) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 558.00 518.21 Td (\)) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 504.21 Td (Balance at end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.75 504.21 Td (247,103) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 504.21 Td (44,315) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 504.21 Td (254,489) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 504.21 Td (282,250) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 504.21 Td (38,305) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 504.21 Td (288,634) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 504.21 Td (362,335) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 504.21 Td (452,402) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 504.21 Td (437,735) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 475.21 Td (Proved Developed) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 466.21 Td (Reserves end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 160.75 466.21 Td (201,919) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 211.25 466.21 Td (43,955) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 252.75 466.21 Td (209,245) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 298.75 466.21 Td (223,060) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 349.25 466.21 Td (37,951) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 390.75 466.21 Td (229,385) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 436.75 466.21 Td (269,377) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 482.75 466.21 Td (416,421) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 528.75 466.21 Td (338,780) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 452.21 Td (Proved Undeveloped) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 52.00 443.21 Td (Reserves end of year) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 165.25 443.21 Td (45,184) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 222.50 443.21 Td (360) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 257.25 443.21 Td (45,244) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 303.25 443.21 Td (59,190) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 360.50 443.21 Td (354) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 395.25 443.21 Td (59,249) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 441.25 443.21 Td (92,958) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 487.25 443.21 Td (35,981) Tj ET Q BT /F1 9.00 Tf ET q 0 0 0 rg BT 533.25 443.21 Td (98,955) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 415.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 415.25 Td (Improved ) Tj ET Q q 0 0 0 rg BT 109.27 415.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 147.14 415.25 Td (reflects ) Tj ET Q q 0 0 0 rg BT 179.46 415.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 211.22 415.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 250.78 415.25 Td (that ) Tj ET Q q 0 0 0 rg BT 268.67 415.25 Td (result ) Tj ET Q q 0 0 0 rg BT 293.78 415.25 Td (from ) Tj ET Q q 0 0 0 rg BT 316.12 415.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.23 415.25 Td (application ) Tj ET Q q 0 0 0 rg BT 378.55 415.25 Td (of ) Tj ET Q q 0 0 0 rg BT 389.77 415.25 Td (secondary ) Tj ET Q q 0 0 0 rg BT 433.21 415.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 471.08 415.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 507.86 415.25 Td (such ) Tj ET Q q 0 0 0 rg BT 529.08 415.25 Td (as ) Tj ET Q q 0 0 0 rg BT 540.31 415.25 Td (water ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 403.25 Td (flooding, ) Tj ET Q q 0 0 0 rg BT 105.86 403.25 Td (or ) Tj ET Q q 0 0 0 rg BT 116.16 403.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 147.01 403.25 Td (recovery ) Tj ET Q q 0 0 0 rg BT 183.96 403.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 219.81 403.25 Td (such ) Tj ET Q q 0 0 0 rg BT 240.12 403.25 Td (as ) Tj ET Q q 0 0 0 rg BT 250.42 403.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 264.31 401.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 267.56 403.25 Td ( ) Tj ET Q q 0 0 0 rg BT 269.53 403.25 Td (flooding. ) Tj ET Q q 0 0 0 rg BT 307.89 403.25 Td (In ) Tj ET Q q 0 0 0 rg BT 320.70 403.25 Td (order ) Tj ET Q q 0 0 0 rg BT 343.77 403.25 Td (to ) Tj ET Q q 0 0 0 rg BT 353.52 403.25 Td (recognize ) Tj ET Q q 0 0 0 rg BT 394.35 403.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 424.09 403.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 454.94 403.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 467.47 403.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 504.70 403.25 Td (we ) Tj ET Q q 0 0 0 rg BT 518.33 403.25 Td (must ) Tj ET Q q 0 0 0 rg BT 539.75 403.25 Td (either ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 391.25 Td (have ) Tj ET Q q 0 0 0 rg BT 88.60 391.25 Td (an ) Tj ET Q q 0 0 0 rg BT 100.27 391.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 113.05 391.25 Td (production ) Tj ET Q q 0 0 0 rg BT 158.60 391.25 Td (response ) Tj ET Q q 0 0 0 rg BT 195.82 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 205.83 391.25 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 219.72 389.82 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.97 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.19 391.25 Td (injections ) Tj ET Q q 0 0 0 rg BT 266.30 391.25 Td (or ) Tj ET Q q 0 0 0 rg BT 276.86 391.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.30 391.25 Td (field ) Tj ET Q q 0 0 0 rg BT 311.85 391.25 Td (must ) Tj ET Q q 0 0 0 rg BT 333.53 391.25 Td (be ) Tj ET Q q 0 0 0 rg BT 345.19 391.25 Td (analogous ) Tj ET Q q 0 0 0 rg BT 387.97 391.25 Td (to ) Tj ET Q q 0 0 0 rg BT 397.97 391.25 Td (an ) Tj ET Q q 0 0 0 rg BT 409.64 391.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 443.53 391.25 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 474.63 391.25 Td (flood. ) Tj ET Q q 0 0 0 rg BT 500.46 391.25 Td ( ) Tj ET Q q 0 0 0 rg BT 502.53 391.25 Td (The ) Tj ET Q q 0 0 0 rg BT 520.30 391.25 Td (magnitude ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.85 379.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 109.65 379.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 145.43 379.25 Td (that ) Tj ET Q q 0 0 0 rg BT 163.45 379.25 Td (we ) Tj ET Q q 0 0 0 rg BT 178.14 379.25 Td (can ) Tj ET Q q 0 0 0 rg BT 195.04 379.25 Td (book ) Tj ET Q q 0 0 0 rg BT 218.06 379.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.87 379.25 Td (any ) Tj ET Q q 0 0 0 rg BT 246.33 379.25 Td (given ) Tj ET Q q 0 0 0 rg BT 271.57 379.25 Td (year ) Tj ET Q q 0 0 0 rg BT 291.80 379.25 Td (will ) Tj ET Q q 0 0 0 rg BT 310.39 379.25 Td (depend ) Tj ET Q q 0 0 0 rg BT 342.29 379.25 Td (on ) Tj ET Q q 0 0 0 rg BT 355.31 379.25 Td (our ) Tj ET Q q 0 0 0 rg BT 371.67 379.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 408.57 379.25 Td (with ) Tj ET Q q 0 0 0 rg BT 429.38 379.25 Td (new ) Tj ET Q q 0 0 0 rg BT 449.06 379.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 477.09 379.25 Td (and ) Tj ET Q q 0 0 0 rg BT 494.55 379.25 Td (the ) Tj ET Q q 0 0 0 rg BT 509.79 379.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 538.93 379.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 379.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 367.25 Td (production ) Tj ET Q q 0 0 0 rg BT 113.33 367.25 Td (response. ) Tj ET Q q 0 0 0 rg BT 153.32 367.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 343.25 Td (Revision ) Tj ET Q q 0 0 0 rg BT 105.58 343.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.44 343.25 Td (previous ) Tj ET Q q 0 0 0 rg BT 153.41 343.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 193.14 343.25 Td (during ) Tj ET Q q 0 0 0 rg BT 221.78 343.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 244.31 343.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 272.37 343.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.11 343.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 331.85 343.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 363.25 343.25 Td (in ) Tj ET Q q 0 0 0 rg BT 373.55 343.25 Td (commodity ) Tj ET Q q 0 0 0 rg BT 421.63 343.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 448.03 343.25 Td (between ) Tj ET Q q 0 0 0 rg BT 483.88 343.25 Td (December ) Tj ET Q q 0 0 0 rg BT 527.49 343.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 542.51 343.25 Td (2014 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.83 331.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 92.22 331.25 Td (whereby ) Tj ET Q q 0 0 0 rg BT 129.54 331.25 Td (the ) Tj ET Q q 0 0 0 rg BT 144.64 331.25 Td (average ) Tj ET Q q 0 0 0 rg BT 178.62 331.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 271.48 331.25 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 311.03 331.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 324.48 331.25 Td (price ) Tj ET Q q 0 0 0 rg BT 347.35 331.25 Td (used ) Tj ET Q q 0 0 0 rg BT 368.57 331.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.24 331.25 Td (estimating ) Tj ET Q q 0 0 0 rg BT 423.79 331.25 Td (our ) Tj ET Q q 0 0 0 rg BT 440.01 331.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 470.67 331.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 506.32 331.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 543.08 331.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.25 Td ($94.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 77.00 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 78.79 319.25 Td (per ) Tj ET Q q 0 0 0 rg BT 93.35 319.25 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 109.59 319.25 Td (at ) Tj ET Q q 0 0 0 rg BT 118.60 319.25 Td (December ) Tj ET Q q 0 0 0 rg BT 161.47 319.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 175.76 319.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 200.05 319.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.62 319.25 Td ($50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.12 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.92 319.25 Td (per ) Tj ET Q q 0 0 0 rg BT 253.47 319.25 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 269.71 319.25 Td (at ) Tj ET Q q 0 0 0 rg BT 278.72 319.25 Td (December ) Tj ET Q q 0 0 0 rg BT 321.60 319.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 335.89 319.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 360.18 319.25 Td (and ) Tj ET Q q 0 0 0 rg BT 376.41 319.25 Td (for ) Tj ET Q q 0 0 0 rg BT 389.86 319.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 419.41 319.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 434.54 319.25 Td (declined ) Tj ET Q q 0 0 0 rg BT 470.20 319.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 491.43 319.25 Td ($4.30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.93 319.25 Td ( ) Tj ET Q q 0 0 0 rg BT 515.72 319.25 Td (per ) Tj ET Q q 0 0 0 rg BT 530.28 319.25 Td (MMBtu ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 307.25 Td (at ) Tj ET Q q 0 0 0 rg BT 58.87 307.25 Td (December ) Tj ET Q q 0 0 0 rg BT 102.10 307.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 116.75 307.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 141.40 307.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.33 307.25 Td ($2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 173.83 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 175.98 307.25 Td (per ) Tj ET Q q 0 0 0 rg BT 190.90 307.25 Td (MMBtu ) Tj ET Q q 0 0 0 rg BT 225.29 307.25 Td (at ) Tj ET Q q 0 0 0 rg BT 234.65 307.25 Td (December ) Tj ET Q q 0 0 0 rg BT 277.89 307.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 292.54 307.25 Td (2015. ) Tj ET Q q 0 0 0 rg BT 317.19 307.25 Td ( ) Tj ET Q q 0 0 0 rg BT 319.19 307.25 Td (These ) Tj ET Q q 0 0 0 rg BT 345.21 307.25 Td (revisions ) Tj ET Q q 0 0 0 rg BT 383.47 307.25 Td (include ) Tj ET Q q 0 0 0 rg BT 415.06 307.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.43 307.25 Td (elimination ) Tj ET Q q 0 0 0 rg BT 477.12 307.25 Td (of ) Tj ET Q q 0 0 0 rg BT 487.60 307.25 Td (approximately ) Tj ET Q q 0 0 0 rg BT 547.51 307.25 Td (368 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 295.25 Td (Bcf ) Tj ET Q q 0 0 0 rg BT 66.36 295.25 Td (\(61 ) Tj ET Q q 0 0 0 rg BT 82.11 295.25 Td (MMBOE\) ) Tj ET Q q 0 0 0 rg BT 125.65 295.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.40 295.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 166.59 295.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 196.78 295.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 212.53 295.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 247.71 295.25 Td (at ) Tj ET Q q 0 0 0 rg BT 257.35 295.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 281.43 295.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 307.74 295.25 Td (during ) Tj ET Q q 0 0 0 rg BT 336.27 295.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 361.19 295.25 Td (which ) Tj ET Q q 0 0 0 rg BT 388.05 295.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 423.24 295.25 Td (were ) Tj ET Q q 0 0 0 rg BT 445.09 295.25 Td (reclassified ) Tj ET Q q 0 0 0 rg BT 493.04 295.25 Td (and ) Tj ET Q q 0 0 0 rg BT 509.90 295.25 Td (are ) Tj ET Q q 0 0 0 rg BT 524.53 295.25 Td (no ) Tj ET Q q 0 0 0 rg BT 536.95 295.25 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 96.11 283.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 127.17 283.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 163.22 283.25 Td (primarily ) Tj ET Q q 0 0 0 rg BT 203.72 283.25 Td (as ) Tj ET Q q 0 0 0 rg BT 215.35 283.25 Td (a ) Tj ET Q q 0 0 0 rg BT 223.08 283.25 Td (result ) Tj ET Q q 0 0 0 rg BT 248.59 283.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.21 283.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 283.25 Td (decline ) Tj ET Q q 0 0 0 rg BT 307.88 283.25 Td (in ) Tj ET Q q 0 0 0 rg BT 318.95 283.25 Td (average ) Tj ET Q q 0 0 0 rg BT 353.33 283.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 446.59 283.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 477.65 283.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 494.27 283.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 521.44 283.25 Td (utilized ) Tj ET Q q 0 0 0 rg BT 554.73 283.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.25 Td (preparing ) Tj ET Q q 0 0 0 rg BT 90.32 271.25 Td (our ) Tj ET Q q 0 0 0 rg BT 106.15 271.25 Td (December ) Tj ET Q q 0 0 0 rg BT 149.73 271.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 164.73 271.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 187.23 271.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 218.60 271.25 Td (report.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 247.25 Td (There ) Tj ET Q q 0 0 0 rg BT 93.84 247.25 Td (were ) Tj ET Q q 0 0 0 rg BT 116.29 247.25 Td (no ) Tj ET Q q 0 0 0 rg BT 129.31 247.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 174.55 247.25 Td (additions ) Tj ET Q q 0 0 0 rg BT 214.23 247.25 Td (to ) Tj ET Q q 0 0 0 rg BT 225.03 247.25 Td (our ) Tj ET Q q 0 0 0 rg BT 241.39 247.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 254.97 247.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.43 247.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 303.21 247.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 319.57 247.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 355.35 247.25 Td (in ) Tj ET Q q 0 0 0 rg BT 366.15 247.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 391.67 247.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 414.69 247.25 Td (or ) Tj ET Q q 0 0 0 rg BT 426.04 247.25 Td (2014, ) Tj ET Q q 0 0 0 rg BT 451.57 247.25 Td (as ) Tj ET Q q 0 0 0 rg BT 462.92 247.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.16 247.25 Td (magnitude ) Tj ET Q q 0 0 0 rg BT 523.39 247.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.75 247.25 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 235.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 84.74 235.25 Td (that ) Tj ET Q q 0 0 0 rg BT 102.21 235.25 Td (we ) Tj ET Q q 0 0 0 rg BT 116.35 235.25 Td (can ) Tj ET Q q 0 0 0 rg BT 132.70 235.25 Td (book ) Tj ET Q q 0 0 0 rg BT 155.18 235.25 Td (in ) Tj ET Q q 0 0 0 rg BT 165.44 235.25 Td (any ) Tj ET Q q 0 0 0 rg BT 182.35 235.25 Td (given ) Tj ET Q q 0 0 0 rg BT 207.05 235.25 Td (year ) Tj ET Q q 0 0 0 rg BT 226.73 235.25 Td (depends ) Tj ET Q q 0 0 0 rg BT 261.98 235.25 Td (on ) Tj ET Q q 0 0 0 rg BT 274.46 235.25 Td (our ) Tj ET Q q 0 0 0 rg BT 290.27 235.25 Td (progress ) Tj ET Q q 0 0 0 rg BT 326.63 235.25 Td (with ) Tj ET Q q 0 0 0 rg BT 346.88 235.25 Td (new ) Tj ET Q q 0 0 0 rg BT 366.02 235.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 393.50 235.25 Td (and ) Tj ET Q q 0 0 0 rg BT 410.42 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.11 235.25 Td (timing ) Tj ET Q q 0 0 0 rg BT 453.70 235.25 Td (of ) Tj ET Q q 0 0 0 rg BT 464.51 235.25 Td (the ) Tj ET Q q 0 0 0 rg BT 479.20 235.25 Td (production ) Tj ET Q q 0 0 0 rg BT 525.01 235.25 Td (response, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 223.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 223.25 Td (we ) Tj ET Q q 0 0 0 rg BT 80.60 223.25 Td (initiated ) Tj ET Q q 0 0 0 rg BT 115.87 223.25 Td (no ) Tj ET Q q 0 0 0 rg BT 128.37 223.25 Td (new ) Tj ET Q q 0 0 0 rg BT 147.53 223.25 Td (floods ) Tj ET Q q 0 0 0 rg BT 175.03 223.25 Td (in ) Tj ET Q q 0 0 0 rg BT 185.31 223.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 210.31 223.25 Td (2015 ) Tj ET Q q 0 0 0 rg BT 232.81 223.25 Td (or ) Tj ET Q q 0 0 0 rg BT 243.64 223.25 Td (2014. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 199.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 109.72 199.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 142.31 199.25 Td (e ) Tj ET Q q 0 0 0 rg BT 149.74 199.25 Td (of ) Tj ET Q q 0 0 0 rg BT 161.06 199.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 211.83 199.25 Td (Futur) Tj ET Q q 0 0 0 rg BT 236.65 199.25 Td (e ) Tj ET Q q 0 0 0 rg BT 244.08 199.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 262.06 199.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 286.72 199.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 314.71 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 333.82 199.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 373.27 199.25 Td (Ther) Tj ET Q q 0 0 0 rg BT 394.20 199.25 Td (ein ) Tj ET Q q 0 0 0 rg BT 409.97 199.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 449.07 199.25 Td (to ) Tj ET Q q 0 0 0 rg BT 460.39 199.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 470.75 199.25 Td (oved ) Tj ET Q q 0 0 0 rg BT 493.74 199.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 510.07 199.25 Td (and ) Tj ET Q q 0 0 0 rg BT 529.18 199.25 Td (Natural ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 187.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 68.67 187.25 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 163.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.81 163.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 140.78 163.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 177.97 163.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.06 163.25 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 237.37 163.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 266.25 163.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 283.45 163.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 306.21 163.25 Td (Flows ) Tj ET Q q 0 0 0 rg BT 333.43 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 350.63 163.25 Td (Changes ) Tj ET Q q 0 0 0 rg BT 387.63 163.25 Td (Therein ) Tj ET Q q 0 0 0 rg BT 421.49 163.25 Td (Relating ) Tj ET Q q 0 0 0 rg BT 458.14 163.25 Td (to ) Tj ET Q q 0 0 0 rg BT 468.68 163.25 Td (Proved ) Tj ET Q q 0 0 0 rg BT 499.77 163.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 515.31 163.25 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 163.25 Td (Natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 151.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 67.13 151.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 105.32 151.25 Td (\(Standardized ) Tj ET Q q 0 0 0 rg BT 167.37 151.25 Td (Measure\) ) Tj ET Q q 0 0 0 rg BT 211.65 151.25 Td (does ) Tj ET Q q 0 0 0 rg BT 232.06 151.25 Td (not ) Tj ET Q q 0 0 0 rg BT 246.92 151.25 Td (purport ) Tj ET Q q 0 0 0 rg BT 278.44 151.25 Td (to ) Tj ET Q q 0 0 0 rg BT 288.30 151.25 Td (present ) Tj ET Q q 0 0 0 rg BT 319.26 151.25 Td (the ) Tj ET Q q 0 0 0 rg BT 333.56 151.25 Td (fair ) Tj ET Q q 0 0 0 rg BT 349.52 151.25 Td (market ) Tj ET Q q 0 0 0 rg BT 379.37 151.25 Td (value ) Tj ET Q q 0 0 0 rg BT 403.11 151.25 Td (of ) Tj ET Q q 0 0 0 rg BT 413.52 151.25 Td (our ) Tj ET Q q 0 0 0 rg BT 428.93 151.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 441.57 151.25 Td (and ) Tj ET Q q 0 0 0 rg BT 458.09 151.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 487.94 151.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 503.35 151.25 Td (properties.) Tj ET Q q 0 0 0 rg BT 550.28 151.25 Td (An ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 139.25 Td (estimate ) Tj ET Q q 0 0 0 rg BT 85.89 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 97.29 139.25 Td (such ) Tj ET Q q 0 0 0 rg BT 118.68 139.25 Td (value ) Tj ET Q q 0 0 0 rg BT 143.41 139.25 Td (should ) Tj ET Q q 0 0 0 rg BT 173.15 139.25 Td (consider) Tj ET Q q 0 0 0 rg BT 206.62 139.25 Td (, ) Tj ET Q q 0 0 0 rg BT 212.19 139.25 Td (among ) Tj ET Q q 0 0 0 rg BT 242.47 139.25 Td (other ) Tj ET Q q 0 0 0 rg BT 266.09 139.25 Td (factors, ) Tj ET Q q 0 0 0 rg BT 298.86 139.25 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 345.80 139.25 Td (future ) Tj ET Q q 0 0 0 rg BT 372.74 139.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 399.69 139.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.09 139.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 424.71 139.25 Td (and ) Tj ET Q q 0 0 0 rg BT 442.22 139.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 473.05 139.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 491.95 139.25 Td (the ) Tj ET Q q 0 0 0 rg BT 507.23 139.25 Td (probability ) Tj ET Q q 0 0 0 rg BT 554.18 139.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 127.25 Td (recoveries ) Tj ET Q q 0 0 0 rg BT 94.12 127.25 Td (in ) Tj ET Q q 0 0 0 rg BT 105.43 127.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 135.06 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 146.92 127.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 182.12 127.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 213.42 127.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 252.21 127.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.96 127.25 Td (value ) Tj ET Q q 0 0 0 rg BT 293.15 127.25 Td (of ) Tj ET Q q 0 0 0 rg BT 305.01 127.25 Td (probable ) Tj ET Q q 0 0 0 rg BT 343.53 127.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 379.82 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 397.79 127.25 Td (acreage ) Tj ET Q q 0 0 0 rg BT 431.85 127.25 Td (prospects, ) Tj ET Q q 0 0 0 rg BT 475.65 127.25 Td (and ) Tj ET Q q 0 0 0 rg BT 493.62 127.25 Td (perhaps ) Tj ET Q q 0 0 0 rg BT 528.25 127.25 Td (dif) Tj ET Q q 0 0 0 rg BT 539.18 127.25 Td (ferent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 115.25 Td (discount ) Tj ET Q q 0 0 0 rg BT 86.03 115.25 Td (rates.It ) Tj ET Q q 0 0 0 rg BT 121.17 115.25 Td (should ) Tj ET Q q 0 0 0 rg BT 150.48 115.25 Td (be ) Tj ET Q q 0 0 0 rg BT 162.57 115.25 Td (noted ) Tj ET Q q 0 0 0 rg BT 187.43 115.25 Td (that ) Tj ET Q q 0 0 0 rg BT 205.07 115.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 244.93 115.25 Td (of ) Tj ET Q q 0 0 0 rg BT 255.91 115.25 Td (reserve ) Tj ET Q q 0 0 0 rg BT 287.42 115.25 Td (quantities, ) Tj ET Q q 0 0 0 rg BT 331.45 115.25 Td (especially ) Tj ET Q q 0 0 0 rg BT 374.08 115.25 Td (from ) Tj ET Q q 0 0 0 rg BT 396.16 115.25 Td (new ) Tj ET Q q 0 0 0 rg BT 415.47 115.25 Td (discoveries, ) Tj ET Q q 0 0 0 rg BT 465.60 115.25 Td (are ) Tj ET Q q 0 0 0 rg BT 480.45 115.25 Td (inherently ) Tj ET Q q 0 0 0 rg BT 523.64 115.25 Td (imprecise ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 103.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 103.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 97.26 103.25 Td (to ) Tj ET Q q 0 0 0 rg BT 107.54 103.25 Td (substantial ) Tj ET Q q 0 0 0 rg BT 152.82 103.25 Td (revision.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 79.25 Td (Under ) Tj ET Q q 0 0 0 rg BT 94.63 79.25 Td (the ) Tj ET Q q 0 0 0 rg BT 108.98 79.25 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 163.31 79.25 Td (Measure, ) Tj ET Q q 0 0 0 rg BT 202.38 79.25 Td (future ) Tj ET Q q 0 0 0 rg BT 228.39 79.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 248.29 79.25 Td (inflows ) Tj ET Q q 0 0 0 rg BT 280.43 79.25 Td (were ) Tj ET Q q 0 0 0 rg BT 301.99 79.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 342.45 79.25 Td (by ) Tj ET Q q 0 0 0 rg BT 354.58 79.25 Td (applying ) Tj ET Q q 0 0 0 rg BT 391.72 79.25 Td (a ) Tj ET Q q 0 0 0 rg BT 398.29 79.25 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 490.40 79.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 531.42 79.25 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 67.25 Td (price ) Tj ET Q q 0 0 0 rg BT 72.59 67.25 Td (to ) Tj ET Q q 0 0 0 rg BT 83.47 67.25 Td (the ) Tj ET Q q 0 0 0 rg BT 98.79 67.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 140.21 67.25 Td (future ) Tj ET Q q 0 0 0 rg BT 167.19 67.25 Td (production ) Tj ET Q q 0 0 0 rg BT 213.62 67.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.05 67.25 Td (year) Tj ET Q q 0 0 0 rg BT 242.06 67.25 Td (-end ) Tj ET Q q 0 0 0 rg BT 262.93 67.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 293.80 67.25 Td (reserves.) Tj ET Q q 0 0 0 rg BT 333.88 67.25 Td (The ) Tj ET Q q 0 0 0 rg BT 352.53 67.25 Td (product ) Tj ET Q q 0 0 0 rg BT 386.18 67.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 413.16 67.25 Td (used ) Tj ET Q q 0 0 0 rg BT 434.60 67.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.48 67.25 Td (calculate ) Tj ET Q q 0 0 0 rg BT 484.11 67.25 Td (these ) Tj ET Q q 0 0 0 rg BT 507.76 67.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 543.62 67.25 Td (have ) Tj ET Q endstream endobj 203 0 obj <> endobj 204 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (101) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td (varied ) Tj ET Q q 0 0 0 rg BT 76.87 713.10 Td (widely ) Tj ET Q q 0 0 0 rg BT 106.47 713.10 Td (during ) Tj ET Q q 0 0 0 rg BT 134.97 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.57 713.10 Td (three-year ) Tj ET Q q 0 0 0 rg BT 192.48 713.10 Td (period.) Tj ET Q q 0 0 0 rg BT 225.34 713.10 Td (These ) Tj ET Q q 0 0 0 rg BT 251.60 713.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 277.87 713.10 Td (have ) Tj ET Q q 0 0 0 rg BT 299.13 713.10 Td (a ) Tj ET Q q 0 0 0 rg BT 305.95 713.10 Td (significant ) Tj ET Q q 0 0 0 rg BT 350.55 713.10 Td (impact ) Tj ET Q q 0 0 0 rg BT 380.15 713.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.53 713.10 Td (both ) Tj ET Q q 0 0 0 rg BT 412.70 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 427.30 713.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 468.56 713.10 Td (and ) Tj ET Q q 0 0 0 rg BT 485.39 713.10 Td (value ) Tj ET Q q 0 0 0 rg BT 509.43 713.10 Td (of ) Tj ET Q q 0 0 0 rg BT 520.14 713.10 Td (the ) Tj ET Q q 0 0 0 rg BT 534.75 713.10 Td (proved ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 701.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 87.40 701.10 Td (as ) Tj ET Q q 0 0 0 rg BT 98.37 701.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 142.66 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 153.08 701.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 166.27 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 183.35 701.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 213.76 701.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 229.72 701.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 256.24 701.10 Td (can ) Tj ET Q q 0 0 0 rg BT 272.76 701.10 Td (cause ) Tj ET Q q 0 0 0 rg BT 297.60 701.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 321.35 701.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.77 701.10 Td (reach ) Tj ET Q q 0 0 0 rg BT 356.05 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 370.91 701.10 Td (end ) Tj ET Q q 0 0 0 rg BT 387.99 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 398.96 701.10 Td (their ) Tj ET Q q 0 0 0 rg BT 419.92 701.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 461.43 701.10 Td (life ) Tj ET Q q 0 0 0 rg BT 477.40 701.10 Td (much ) Tj ET Q q 0 0 0 rg BT 502.25 701.10 Td (sooner ) Tj ET Q q 0 0 0 rg BT 531.55 701.10 Td (and ) Tj ET Q q 0 0 0 rg BT 548.63 701.10 Td (can ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (make ) Tj ET Q q 0 0 0 rg BT 74.02 689.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 104.08 689.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 134.71 689.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 188.66 689.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 227.63 689.10 Td (uneconomical, ) Tj ET Q q 0 0 0 rg BT 289.07 689.10 Td (both ) Tj ET Q q 0 0 0 rg BT 309.71 689.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.90 689.10 Td (which ) Tj ET Q q 0 0 0 rg BT 348.20 689.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 377.71 689.10 Td (the ) Tj ET Q q 0 0 0 rg BT 392.79 689.10 Td (reserves.) Tj ET Q q 0 0 0 rg BT 432.86 689.10 Td (The ) Tj ET Q q 0 0 0 rg BT 451.27 689.10 Td (following ) Tj ET Q q 0 0 0 rg BT 493.02 689.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 551.96 689.10 Td (oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 677.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.94 677.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 97.70 677.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 114.03 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 140.91 677.10 Td (were ) Tj ET Q q 0 0 0 rg BT 163.34 677.10 Td (used ) Tj ET Q q 0 0 0 rg BT 184.67 677.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.45 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.67 677.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 265.87 677.10 Td (Measure.) Tj ET Q q 0 0 0 rg BT 307.62 677.10 Td (These ) Tj ET Q q 0 0 0 rg BT 334.50 677.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 361.37 677.10 Td (were ) Tj ET Q q 0 0 0 rg BT 383.80 677.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 420.13 677.10 Td (by ) Tj ET Q q 0 0 0 rg BT 433.13 677.10 Td (field ) Tj ET Q q 0 0 0 rg BT 454.45 677.10 Td (to ) Tj ET Q q 0 0 0 rg BT 465.23 677.10 Td (arrive ) Tj ET Q q 0 0 0 rg BT 491.55 677.10 Td (at ) Tj ET Q q 0 0 0 rg BT 501.77 677.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.98 677.10 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 665.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 89.75 665.10 Td (net ) Tj ET Q q 0 0 0 rg BT 104.47 665.10 Td (price.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 628.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 628.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 628.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 628.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 641.6 m 423.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 641.6 m 427.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 641.6 m 492.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 641.6 m 496.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 641.6 m 561.5 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 628.6 m 423.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.6 m 492.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.6 m 561.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 628.6 m 423.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 628.6 m 492.5 628.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 628.6 m 561.5 628.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 645.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.45 645.17 Td (December 31,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 632.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 632.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 632.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 632.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 618.27 Td (Oil \(NYMEX price per Bbl\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.15 618.27 Td (42.75) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 618.27 Td (50.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 618.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 618.27 Td (94.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 603.27 Td (Natural Gas \(Henry Hub price per MMBtu\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 402.15 603.27 Td (2.55) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.15 603.27 Td (2.63) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.15 603.27 Td (4.30) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 575.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.14 575.10 Td (decreases ) Tj ET Q q 0 0 0 rg BT 125.54 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 135.40 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.71 575.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 204.01 575.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 240.53 575.10 Td (of ) Tj ET Q q 0 0 0 rg BT 250.95 575.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 296.36 575.10 Td (future ) Tj ET Q q 0 0 0 rg BT 322.33 575.10 Td (net ) Tj ET Q q 0 0 0 rg BT 336.64 575.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 356.50 575.10 Td (flows ) Tj ET Q q 0 0 0 rg BT 380.81 575.10 Td (during ) Tj ET Q q 0 0 0 rg BT 409.01 575.10 Td (2015 ) Tj ET Q q 0 0 0 rg BT 431.10 575.10 Td (and ) Tj ET Q q 0 0 0 rg BT 447.63 575.10 Td (2016 ) Tj ET Q q 0 0 0 rg BT 469.73 575.10 Td (in ) Tj ET Q q 0 0 0 rg BT 479.60 575.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.90 575.10 Td (tables ) Tj ET Q q 0 0 0 rg BT 519.32 575.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.41 575.10 Td (follow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 563.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.89 563.10 Td (significantly ) Tj ET Q q 0 0 0 rg BT 124.84 563.10 Td (impacted ) Tj ET Q q 0 0 0 rg BT 164.45 563.10 Td (by ) Tj ET Q q 0 0 0 rg BT 177.41 563.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.59 563.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 224.42 563.10 Td (in ) Tj ET Q q 0 0 0 rg BT 235.16 563.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 328.09 563.10 Td (average ) Tj ET Q q 0 0 0 rg BT 362.14 563.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 401.76 563.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 415.28 563.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 442.12 563.10 Td (between ) Tj ET Q q 0 0 0 rg BT 478.39 563.10 Td (2014 ) Tj ET Q q 0 0 0 rg BT 501.35 563.10 Td (and ) Tj ET Q q 0 0 0 rg BT 518.75 563.10 Td (2016. ) Tj ET Q q 0 0 0 rg BT 544.21 563.10 Td ( ) Tj ET Q q 0 0 0 rg BT 546.96 563.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 551.10 Td (weighted-average ) Tj ET Q q 0 0 0 rg BT 122.90 551.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 135.79 551.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 162.00 551.10 Td (we ) Tj ET Q q 0 0 0 rg BT 176.00 551.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 207.19 551.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 239.50 551.10 Td (to ) Tj ET Q q 0 0 0 rg BT 249.62 551.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 288.61 551.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 301.50 551.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.71 551.10 Td (\(our ) Tj ET Q q 0 0 0 rg BT 346.71 551.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 385.70 551.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 398.59 551.10 Td (price ) Tj ET Q q 0 0 0 rg BT 420.91 551.10 Td (dif) Tj ET Q q 0 0 0 rg BT 431.84 551.10 Td (ferential\) ) Tj ET Q q 0 0 0 rg BT 470.81 551.10 Td (utilized ) Tj ET Q q 0 0 0 rg BT 503.14 551.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 524.90 551.10 Td ($3.39) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.40 551.10 Td ( ) Tj ET Q q 0 0 0 rg BT 549.73 551.10 Td (per ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 539.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 66.16 539.10 Td (below ) Tj ET Q q 0 0 0 rg BT 92.81 539.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 151.10 539.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 189.98 539.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 202.75 539.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 228.84 539.10 Td (as ) Tj ET Q q 0 0 0 rg BT 239.38 539.10 Td (of ) Tj ET Q q 0 0 0 rg BT 249.92 539.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 308.22 539.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 332.93 539.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 374.56 539.10 Td (to ) Tj ET Q q 0 0 0 rg BT 384.55 539.10 Td ($2.17 ) Tj ET Q q 0 0 0 rg BT 409.27 539.10 Td (per ) Tj ET Q q 0 0 0 rg BT 424.25 539.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 440.91 539.10 Td (below ) Tj ET Q q 0 0 0 rg BT 467.56 539.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 525.85 539.10 Td (NYMEX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 527.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 62.56 527.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 88.93 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 99.76 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.59 527.10 Td (December ) Tj ET Q q 0 0 0 rg BT 154.18 527.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 169.18 527.10 Td (2015, ) Tj ET Q q 0 0 0 rg BT 194.18 527.10 Td (and ) Tj ET Q q 0 0 0 rg BT 211.12 527.10 Td ($3.10 ) Tj ET Q q 0 0 0 rg BT 236.12 527.10 Td (per ) Tj ET Q q 0 0 0 rg BT 251.38 527.10 Td (Bbl ) Tj ET Q q 0 0 0 rg BT 268.33 527.10 Td (below ) Tj ET Q q 0 0 0 rg BT 295.27 527.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 353.85 527.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 393.02 527.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 406.07 527.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 432.45 527.10 Td (as ) Tj ET Q q 0 0 0 rg BT 443.28 527.10 Td (of ) Tj ET Q q 0 0 0 rg BT 454.11 527.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 512.69 527.10 Td (2014.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 503.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 95.63 503.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 115.42 503.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 147.45 503.10 Td (were ) Tj ET Q q 0 0 0 rg BT 168.90 503.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 202.57 503.10 Td (by ) Tj ET Q q 0 0 0 rg BT 214.59 503.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 254.94 503.10 Td (future ) Tj ET Q q 0 0 0 rg BT 280.84 503.10 Td (production, ) Tj ET Q q 0 0 0 rg BT 328.69 503.10 Td (development ) Tj ET Q q 0 0 0 rg BT 382.36 503.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.83 503.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 454.72 503.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 476.75 503.10 Td (based ) Tj ET Q q 0 0 0 rg BT 501.54 503.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.56 503.10 Td (current ) Tj ET Q q 0 0 0 rg BT 543.90 503.10 Td (cost, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 491.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.75 491.10 Td (no ) Tj ET Q q 0 0 0 rg BT 80.21 491.10 Td (escalation ) Tj ET Q q 0 0 0 rg BT 121.66 491.10 Td (to ) Tj ET Q q 0 0 0 rg BT 130.91 491.10 Td (determine ) Tj ET Q q 0 0 0 rg BT 172.35 491.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 202.14 491.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 221.37 491.10 Td (inflows.Our ) Tj ET Q q 0 0 0 rg BT 275.89 491.10 Td (future ) Tj ET Q q 0 0 0 rg BT 301.24 491.10 Td (net ) Tj ET Q q 0 0 0 rg BT 314.92 491.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 346.39 491.10 Td (do ) Tj ET Q q 0 0 0 rg BT 357.85 491.10 Td (not ) Tj ET Q q 0 0 0 rg BT 372.10 491.10 Td (include ) Tj ET Q q 0 0 0 rg BT 403.00 491.10 Td (a ) Tj ET Q q 0 0 0 rg BT 408.91 491.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 448.14 491.10 Td (for ) Tj ET Q q 0 0 0 rg BT 461.27 491.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 480.50 491.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 524.19 491.10 Td (expended ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 479.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.91 479.10 Td (our ) Tj ET Q q 0 0 0 rg BT 79.64 479.10 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 126.35 479.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 140.24 477.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 143.49 479.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 479.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 173.64 479.10 Td (that ) Tj ET Q q 0 0 0 rg BT 192.04 479.10 Td (will ) Tj ET Q q 0 0 0 rg BT 211.00 479.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.84 479.10 Td (consumed ) Tj ET Q q 0 0 0 rg BT 267.80 479.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.98 479.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.60 479.10 Td (production ) Tj ET Q q 0 0 0 rg BT 341.33 479.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.07 479.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 384.24 479.10 Td (tertiary ) Tj ET Q q 0 0 0 rg BT 416.52 479.10 Td (reserves.Future ) Tj ET Q q 0 0 0 rg BT 486.29 479.10 Td (income ) Tj ET Q q 0 0 0 rg BT 519.13 479.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 543.09 479.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 467.10 Td (computed ) Tj ET Q q 0 0 0 rg BT 91.65 467.10 Td (by ) Tj ET Q q 0 0 0 rg BT 104.38 467.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 142.09 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.03 467.10 Td (statutory ) Tj ET Q q 0 0 0 rg BT 194.75 467.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 209.68 467.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 227.39 467.10 Td (to ) Tj ET Q q 0 0 0 rg BT 237.89 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 252.83 467.10 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.65 467.10 Td (of ) Tj ET Q q 0 0 0 rg BT 292.70 467.10 Td (net ) Tj ET Q q 0 0 0 rg BT 307.64 467.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 328.13 467.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 360.85 467.10 Td (over ) Tj ET Q q 0 0 0 rg BT 381.34 467.10 Td (our ) Tj ET Q q 0 0 0 rg BT 397.39 467.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 412.33 467.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 435.05 467.10 Td (in ) Tj ET Q q 0 0 0 rg BT 445.55 467.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.49 467.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 504.30 467.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 534.79 467.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 548.07 467.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 455.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 82.43 455.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 100.93 455.10 Td (properties.) Tj ET Q q 0 0 0 rg BT 148.23 455.10 Td (T) Tj ET Q q 0 0 0 rg BT 153.64 455.10 Td (ax ) Tj ET Q q 0 0 0 rg BT 168.25 455.10 Td (credits ) Tj ET Q q 0 0 0 rg BT 200.07 455.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.67 455.10 Td (net ) Tj ET Q q 0 0 0 rg BT 237.06 455.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 279.99 455.10 Td (loss ) Tj ET Q q 0 0 0 rg BT 300.71 455.10 Td (carryforwards ) Tj ET Q q 0 0 0 rg BT 361.96 455.10 Td (were ) Tj ET Q q 0 0 0 rg BT 386.56 455.10 Td (also ) Tj ET Q q 0 0 0 rg BT 407.83 455.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 456.31 455.10 Td (in ) Tj ET Q q 0 0 0 rg BT 469.26 455.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.64 455.10 Td (future ) Tj ET Q q 0 0 0 rg BT 515.68 455.10 Td (income ) Tj ET Q q 0 0 0 rg BT 550.28 455.10 Td (tax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.10 Td (calculation.Future ) Tj ET Q q 0 0 0 rg BT 131.09 443.10 Td (net ) Tj ET Q q 0 0 0 rg BT 147.41 443.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 169.29 443.10 Td (inflows ) Tj ET Q q 0 0 0 rg BT 203.40 443.10 Td (after ) Tj ET Q q 0 0 0 rg BT 225.83 443.10 Td (income ) Tj ET Q q 0 0 0 rg BT 259.38 443.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 284.03 443.10 Td (were ) Tj ET Q q 0 0 0 rg BT 307.57 443.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 355.01 443.10 Td (using ) Tj ET Q q 0 0 0 rg BT 380.79 443.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.34 443.10 Td (10% ) Tj ET Q q 0 0 0 rg BT 411.78 443.10 Td (annual ) Tj ET Q q 0 0 0 rg BT 442.55 443.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 480.54 443.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 499.64 443.10 Td (to ) Tj ET Q q 0 0 0 rg BT 511.53 443.10 Td (arrive ) Tj ET Q q 0 0 0 rg BT 538.95 443.10 Td (at ) Tj ET Q q 0 0 0 rg BT 550.28 443.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 104.20 431.10 Td (Measure.) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 394.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 394.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 394.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 364.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 364.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 364.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 334.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 334.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 334.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 304.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 304.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 304.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 304.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 407.6 m 423.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 407.6 m 427.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 407.6 m 492.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 407.6 m 496.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 407.6 m 561.5 407.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 394.6 m 354.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 394.6 m 423.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 394.6 m 492.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 394.6 m 561.5 394.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 334.6 m 423.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 334.6 m 492.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 334.6 m 561.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 334.6 m 492.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 334.6 m 561.5 334.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 304.6 m 423.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 304.6 m 492.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 304.6 m 561.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 304.6 m 423.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 290.6 m 423.5 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 288.6 m 423.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 304.6 m 492.5 304.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 290.6 m 492.5 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 288.6 m 492.5 288.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 290.6 m 561.5 290.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 288.6 m 561.5 288.6 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 411.16 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.45 411.17 Td (December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 398.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 398.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 398.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 398.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 384.27 Td (Future cash inflows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 384.27 Td (9,747,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 443.60 384.27 Td (13,413,758) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 384.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 384.27 Td (34,761,067) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 369.27 Td (Future production costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 369.32 Td (\(5,743,198) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 369.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 369.32 Td (\(7,649,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 369.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.30 369.32 Td (\(14,563,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 369.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 354.27 Td (Future development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 354.32 Td (\(1,595,871) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 354.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 354.32 Td (\(1,712,693) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 354.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 354.32 Td (\(2,319,727) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 354.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 339.27 Td (Future income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 339.32 Td (\(258,047) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 339.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 339.32 Td (\(657,560) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 339.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 339.32 Td (\(5,711,897) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 339.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 324.27 Td (Future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 324.27 Td (2,150,610) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 324.27 Td (3,393,748) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 512.60 324.27 Td (12,165,661) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 309.27 Td (10% annual discount for estimated timing of cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 309.32 Td (\(751,393) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 309.32 Td (\(1,503,624) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 309.32 Td (\(6,257,533) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 309.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 294.27 Td (Standardized measure of discounted future net cash flows) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 294.27 Td (1,399,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 294.27 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 294.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 294.27 Td (5,908,128) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 205 0 obj <> endobj 206 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc. ) Tj ET Q BT /F3 10.00 Tf ET q 0 0 0 rg BT 225.40 736.60 Td (Unaudited Supplementary Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (102) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 713.10 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 701.10 Td (The ) Tj ET Q q 0 0 0 rg BT 85.13 701.10 Td (following ) Tj ET Q q 0 0 0 rg BT 126.10 701.10 Td (table ) Tj ET Q q 0 0 0 rg BT 147.61 701.10 Td (sets ) Tj ET Q q 0 0 0 rg BT 164.70 701.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 186.22 701.10 Td (an ) Tj ET Q q 0 0 0 rg BT 197.74 701.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 232.04 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.45 701.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 276.74 701.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.60 701.10 Td (the ) Tj ET Q q 0 0 0 rg BT 300.90 701.10 Td (Standardized ) Tj ET Q q 0 0 0 rg BT 355.19 701.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 391.70 701.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.11 701.10 Td (Discounted ) Tj ET Q q 0 0 0 rg BT 449.74 701.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 477.93 701.10 Td (Net ) Tj ET Q q 0 0 0 rg BT 494.45 701.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 516.53 701.10 Td (Flows ) Tj ET Q q 0 0 0 rg BT 543.07 701.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 689.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 79.77 689.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 92.83 689.10 Td (and ) Tj ET Q q 0 0 0 rg BT 109.76 689.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 140.03 689.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 155.86 689.10 Td (reserves:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 652.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 652.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 652.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 622.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 622.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 622.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 622.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 622.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 592.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 592.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 592.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 592.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 592.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 592.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 592.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 562.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 562.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 562.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 562.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 562.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 562.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 562.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 532.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 532.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 532.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 532.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 532.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 532.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 532.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 502.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 354.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 358.50 502.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 502.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 502.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 502.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 665.6 m 423.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 665.6 m 427.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 665.6 m 492.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 665.6 m 496.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 665.6 m 561.5 665.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 652.6 m 354.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 652.6 m 423.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 652.6 m 492.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 652.6 m 561.5 652.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 487.6 m 423.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 487.6 m 492.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 487.6 m 561.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 473.6 m 423.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 358.5 471.6 m 423.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 487.6 m 492.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 473.6 m 492.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 471.6 m 492.5 471.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 487.6 m 561.5 487.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 473.6 m 561.5 473.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 471.6 m 561.5 471.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 669.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 406.95 669.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 656.16 Td (In thousands) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.50 656.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.50 656.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.50 656.17 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 642.27 Td (Beginning of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 642.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 642.27 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 642.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 642.27 Td (5,908,128) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 642.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 642.27 Td (7,128,744) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 627.27 Td (Sales of oil and natural gas produced, net of production costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 627.32 Td (\(406,782) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 627.32 Td (\(553,978) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 627.32 Td (\(1,521,529) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 627.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 612.27 Td (Net changes in prices and production costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 612.32 Td (\(784,010) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 612.32 Td (\(7,341,451) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.30 612.32 Td (\(1,415,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 612.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 597.27 Td (Improved recovery ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 130.85 601.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 597.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.15 597.27 Td (6,299) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 597.27 Td (51,793) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 582.27 Td (Previously estimated development costs incurred) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 582.27 Td (86,012) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 582.27 Td (172,146) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 582.27 Td (472,154) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 567.27 Td (Change in future development costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 567.27 Td (85,797) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 567.32 Td (\(206,194) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 567.32 Td (\(289,622) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 567.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 552.27 Td (Revisions due to timing and other) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 552.27 Td (48,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 552.27 Td (660,335) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 552.32 Td (\(205,912) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 552.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 537.27 Td (Accretion of discount) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 537.27 Td (209,608) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 537.27 Td (806,630) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 537.27 Td (1,020,008) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 522.27 Td (Acquisition of minerals in place) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.65 522.27 Td (477) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 522.27 Td (26,698) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 522.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 507.27 Td (Sales of minerals in place) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 507.32 Td (\(16,671) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 507.27 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.65 507.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 507.27 Td (2,549) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 492.27 Td (Net change in income taxes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 492.27 Td (285,965) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 492.27 Td (2,411,511) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 492.27 Td (665,097) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 477.27 Td (End of year) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 477.27 Td (1,399,217) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 477.27 Td (1,890,124) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 477.27 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 477.27 Td (5,908,128) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 449.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 449.10 Td (Improved ) Tj ET Q q 0 0 0 rg BT 109.41 449.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 147.42 449.10 Td (additions ) Tj ET Q q 0 0 0 rg BT 187.11 449.10 Td (result ) Tj ET Q q 0 0 0 rg BT 212.36 449.10 Td (from ) Tj ET Q q 0 0 0 rg BT 234.83 449.10 Td (the ) Tj ET Q q 0 0 0 rg BT 250.08 449.10 Td (application ) Tj ET Q q 0 0 0 rg BT 297.54 449.10 Td (of ) Tj ET Q q 0 0 0 rg BT 308.90 449.10 Td (secondary ) Tj ET Q q 0 0 0 rg BT 352.47 449.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 390.47 449.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 427.39 449.10 Td (such ) Tj ET Q q 0 0 0 rg BT 448.75 449.10 Td (as ) Tj ET Q q 0 0 0 rg BT 460.11 449.10 Td (water ) Tj ET Q q 0 0 0 rg BT 485.35 449.10 Td (flooding ) Tj ET Q q 0 0 0 rg BT 522.27 449.10 Td (or ) Tj ET Q q 0 0 0 rg BT 533.63 449.10 Td (tertiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 437.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 104.98 437.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 141.36 437.10 Td (such ) Tj ET Q q 0 0 0 rg BT 162.19 437.10 Td (as ) Tj ET Q q 0 0 0 rg BT 173.02 437.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 186.91 435.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.16 437.10 Td ( ) Tj ET Q q 0 0 0 rg BT 192.66 437.10 Td (flooding.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 413.10 Td (SUPPLEMENT) Tj ET Q q 0 0 0 rg BT 117.10 413.10 Td (AL) Tj ET Q q 0 0 0 rg BT 130.44 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.94 413.10 Td (CO) Tj ET Q BT /F2 10.00 Tf ET BT /F2 6.50 Tf ET q 0 0 0 rg BT 147.94 411.67 Td (2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 151.19 413.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.69 413.10 Td (DISCLOSURES ) Tj ET Q q 0 0 0 rg BT 226.77 413.10 Td (\(UNAUDITED\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 389.10 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.44 389.10 Td (on ) Tj ET Q q 0 0 0 rg BT 106.94 389.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 156.64 389.10 Td (reports ) Tj ET Q q 0 0 0 rg BT 186.91 389.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 224.38 389.10 Td (by ) Tj ET Q q 0 0 0 rg BT 236.88 389.10 Td (DeGolyer ) Tj ET Q q 0 0 0 rg BT 278.81 389.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.75 389.10 Td (MacNaughton, ) Tj ET Q q 0 0 0 rg BT 357.96 389.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 388.23 389.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 402.12 387.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 405.37 389.10 Td ( ) Tj ET Q q 0 0 0 rg BT 407.87 389.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 443.13 389.10 Td (were ) Tj ET Q q 0 0 0 rg BT 465.06 389.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 505.88 389.10 Td (as ) Tj ET Q q 0 0 0 rg BT 516.71 389.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 50.00 352.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 352.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 352.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 50.00 322.60 305.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 322.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 322.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 322.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 365.6 m 424 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 365.6 m 428 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 365.6 m 493 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 365.6 m 497 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 365.6 m 562 365.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 352.6 m 424 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 352.6 m 493 352.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 352.6 m 562 352.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 369.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 407.45 369.17 Td (Year Ended December 31,) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 356.16 Td (In MMcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 381.00 356.17 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 450.00 356.17 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 519.00 356.17 Td (2014) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.50 342.31 Td (CO) Tj ET Q BT /F4 10.00 Tf ET BT /F4 6.50 Tf ET q 0 0 0 rg BT 66.39 340.88 Td (2 ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 71.27 342.31 Td (r) Tj ET Q q 0 0 0 rg BT 74.79 342.31 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.50 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 529.00 342.27 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 327.27 Td (Gulf Coast region ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 138.66 331.80 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 327.27 Td (5,332,576) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 327.27 Td (5,501,175) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 327.27 Td (5,697,642) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.50 312.27 Td (Rocky Mountain region ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 162.54 316.80 Td (\(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.15 312.27 Td (1,214,428) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 449.15 312.27 Td (1,237,603) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.15 312.27 Td (3,035,286) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.10 Td (Proved ) Tj ET Q q 0 0 0 rg BT 98.37 284.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 112.26 282.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 115.51 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 118.05 284.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 153.35 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.66 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.42 284.10 Td (Gulf ) Tj ET Q q 0 0 0 rg BT 199.29 284.10 Td (Coast ) Tj ET Q q 0 0 0 rg BT 224.61 284.10 Td (region ) Tj ET Q q 0 0 0 rg BT 252.69 284.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 283.01 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.88 284.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 329.18 284.10 Td (from ) Tj ET Q q 0 0 0 rg BT 351.15 284.10 Td (our ) Tj ET Q q 0 0 0 rg BT 367.02 284.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 408.99 284.10 Td (at ) Tj ET Q q 0 0 0 rg BT 418.75 284.10 Td (Jackson ) Tj ET Q q 0 0 0 rg BT 452.95 284.10 Td (Dome ) Tj ET Q q 0 0 0 rg BT 479.92 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 496.90 284.10 Td (are ) Tj ET Q q 0 0 0 rg BT 511.65 284.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 552.50 284.10 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.02 272.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 97.22 272.10 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 130.42 272.10 Td (basis, ) Tj ET Q q 0 0 0 rg BT 155.01 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 165.42 272.10 Td (which ) Tj ET Q q 0 0 0 rg BT 191.95 272.10 Td (our ) Tj ET Q q 0 0 0 rg BT 207.36 272.10 Td (net ) Tj ET Q q 0 0 0 rg BT 221.67 272.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 255.40 272.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 286.92 272.10 Td (was ) Tj ET Q q 0 0 0 rg BT 304.56 272.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.40 272.10 Td (4.2 ) Tj ET Q q 0 0 0 rg BT 378.84 272.10 Td (T) Tj ET Q q 0 0 0 rg BT 384.25 272.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.02 272.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.60 272.10 Td (4.4 ) Tj ET Q q 0 0 0 rg BT 411.04 272.10 Td (T) Tj ET Q q 0 0 0 rg BT 416.45 272.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 424.22 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.30 272.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 442.83 272.10 Td (4.5 ) Tj ET Q q 0 0 0 rg BT 457.26 272.10 Td (T) Tj ET Q q 0 0 0 rg BT 462.67 272.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 470.44 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 472.53 272.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 481.83 272.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 540.00 272.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 560.00 272.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.50 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 89.64 260.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.22 260.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 126.22 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 130.87 260.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 178.53 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 183.17 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 199.75 260.10 Td (include ) Tj ET Q q 0 0 0 rg BT 231.33 260.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 266.23 260.10 Td (dedicated ) Tj ET Q q 0 0 0 rg BT 306.68 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 316.60 260.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 362.07 260.10 Td (production ) Tj ET Q q 0 0 0 rg BT 407.53 260.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 448.00 260.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.47 260.10 Td (12.3 ) Tj ET Q q 0 0 0 rg BT 478.12 260.10 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 492.55 260.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.20 260.10 Td (25.3 ) Tj ET Q q 0 0 0 rg BT 516.84 260.10 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 531.28 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 533.42 260.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 550.00 260.10 Td (9.3 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 248.10 Td (Bcf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 81.94 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 84.44 248.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 94.16 248.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 152.74 248.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.74 248.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 177.74 248.10 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 197.74 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.24 248.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 217.18 248.10 Td (2014) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 237.18 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 242.18 248.10 Td (respectively) Tj ET Q q 0 0 0 rg BT 289.84 248.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 224.10 Td (Proved ) Tj ET Q q 0 0 0 rg BT 97.81 224.10 Td (CO) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 111.70 222.67 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.95 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 116.94 224.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 151.68 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.44 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.64 224.10 Td (Rocky ) Tj ET Q q 0 0 0 rg BT 203.73 224.10 Td (Mountain ) Tj ET Q q 0 0 0 rg BT 244.60 224.10 Td (region ) Tj ET Q q 0 0 0 rg BT 272.13 224.10 Td (consist ) Tj ET Q q 0 0 0 rg BT 301.89 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 312.20 224.10 Td (our ) Tj ET Q q 0 0 0 rg BT 327.51 224.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 362.25 224.10 Td (at ) Tj ET Q q 0 0 0 rg BT 371.45 224.10 Td (Riley ) Tj ET Q q 0 0 0 rg BT 395.10 224.10 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 420.97 224.10 Td (\(presented ) Tj ET Q q 0 0 0 rg BT 464.60 224.10 Td (on ) Tj ET Q q 0 0 0 rg BT 476.58 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 483.00 224.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 506.10 224.10 Td (\(8/8ths\) ) Tj ET Q q 0 0 0 rg BT 539.19 224.10 Td (basis\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 84.04 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 99.47 212.10 Td (overriding ) Tj ET Q q 0 0 0 rg BT 143.23 212.10 Td (royalty ) Tj ET Q q 0 0 0 rg BT 173.66 212.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 205.19 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 215.07 212.10 Td (LaBar) Tj ET Q q 0 0 0 rg BT 239.88 212.10 Td (ge ) Tj ET Q q 0 0 0 rg BT 251.42 212.10 Td (Field, ) Tj ET Q q 0 0 0 rg BT 276.58 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.01 212.10 Td (which ) Tj ET Q q 0 0 0 rg BT 313.55 212.10 Td (our ) Tj ET Q q 0 0 0 rg BT 328.98 212.10 Td (net ) Tj ET Q q 0 0 0 rg BT 343.30 212.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 377.05 212.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 408.58 212.10 Td (was ) Tj ET Q q 0 0 0 rg BT 426.24 212.10 Td (approximately ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 486.10 212.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 500.55 212.10 Td (T) Tj ET Q q 0 0 0 rg BT 505.96 212.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 513.73 212.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 518.33 212.10 Td (1.2 ) Tj ET Q q 0 0 0 rg BT 532.78 212.10 Td (T) Tj ET Q q 0 0 0 rg BT 538.19 212.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 545.96 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 548.06 212.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 200.10 Td (2.6 ) Tj ET Q q 0 0 0 rg BT 82.04 200.10 Td (T) Tj ET Q q 0 0 0 rg BT 87.45 200.10 Td (cf) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.21 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 97.41 200.10 Td (at ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 106.82 200.10 Td (December31, ) Tj ET Q q 0 0 0 rg BT 165.10 200.10 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 185.10 200.10 Td (, ) Tj ET Q BT /F1 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561.5 677.75 l s BT /F4 10.00 Tf ET q 0 0 0 rg BT 52.00 681.31 Td (In thousands, except per-share data) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 302.20 681.32 Td (March 31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 375.05 681.32 Td (June 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 431.85 681.32 Td (September 30) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.70 681.32 Td (December 31) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 667.43 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 667.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 667.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 667.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 667.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 652.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 652.42 Td (194,844) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 652.42 Td (255,148) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 652.42 Td (253,985) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 652.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 652.42 Td (271,619) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 637.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 637.42 Td (22,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 637.42 Td (98,209) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 637.47 Td (\(21,224) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 637.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 637.42 Td (28,133) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 622.42 Td (Gain on debt extinguishment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 622.47 Td (\(94,991) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 622.47 Td (\(12,278) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 622.47 Td (\(7,826) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 622.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 622.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 607.42 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 607.42 Td (256,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 607.42 Td (479,400) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 607.42 Td (75,521) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 607.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 592.42 Td (Other expenses ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.87 596.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 592.42 Td (291,322) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 592.42 Td (293,425) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 592.42 Td (246,669) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 592.42 Td (840,757) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 577.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 577.47 Td (\(185,193) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 577.47 Td (\(380,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 577.47 Td (\(24,590) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 577.47 Td (\(385,726) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 577.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 562.42 Td (Net loss per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 562.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 547.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 547.47 Td (\(0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 547.47 Td (\(1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 547.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 547.47 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 547.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 532.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 532.47 Td (\(0.53) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 532.47 Td (\(1.03) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 532.47 Td (\(0.06) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 532.47 Td (\(0.99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 532.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 517.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 328.15 517.42 Td (2,029) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 517.42 Td (60,915) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 517.42 Td (96,415) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.15 517.42 Td (59,864) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 502.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 502.47 Td (\(66,954) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.80 502.47 Td (\(60,566) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 462.80 502.47 Td (\(6,487) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 502.47 Td (\(71,410) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 502.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 487.42 Td (Cash flow provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 487.42 Td (70,365) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 393.80 487.47 Td (\(6,056) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 487.47 Td (\(89,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 487.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 535.15 487.42 Td (9,879) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.00 457.43 Td (2015) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 457.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 442.42 Td (Revenues and other income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 292.00 442.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 442.42 Td (307,649) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 361.00 442.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 442.42 Td (376,694) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 430.00 442.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 442.42 Td (303,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.00 442.42 Td ($) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 442.42 Td (269,617) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 427.42 Td (Commodity derivatives expense \(income\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 319.80 427.47 Td (\(83,076) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 427.42 Td (48,926) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 427.47 Td (\(92,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 427.47 Td (\(21,821) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 427.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 412.42 Td (Write-down of oil and natural gas properties) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 412.42 Td (146,200) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 412.42 Td (1,705,800) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 412.42 Td (1,760,600) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 412.42 Td (1,327,000) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 397.42 Td (Impairment of goodwill) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 340.65 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 397.42 Td (1,261,512) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 397.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 382.42 Td (Other expenses ) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 115.87 386.95 Td (\(1\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 382.42 Td (416,732) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 382.42 Td (406,635) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 382.42 Td (348,522) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 382.42 Td (358,540) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 367.42 Td (Net loss) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 367.47 Td (\(107,746) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 376.30 367.47 Td (\(1,148,499) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.30 367.47 Td (\(2,244,126) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 367.47 Td (\(885,077) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 367.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 352.42 Td (Net loss per common share:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 351.00 352.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 420.00 352.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 489.00 352.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 558.00 352.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 337.42 Td (Basic) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 337.47 Td (\(0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 337.47 Td (\(3.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 337.47 Td (\(6.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 337.47 Td (\(2.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 337.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.00 322.42 Td (Diluted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.80 322.47 Td (\(0.31) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 398.80 322.47 Td (\(3.28) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 467.80 322.47 Td (\(6.41) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 536.80 322.47 Td (\(2.56) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 322.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 307.42 Td (Dividends declared per common share) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 205.83 311.95 Td ( \(2\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 307.42 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 307.42 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 307.42 Td (0.0625) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 547.65 307.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 292.42 Td (Cash flow provided by operating activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.15 292.42 Td (137,764) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 292.42 Td (288,957) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 292.42 Td (272,676) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 292.42 Td (164,907) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 277.42 Td (Cash flow used in investing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 314.80 277.47 Td (\(192,578) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 350.65 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 277.47 Td (\(143,934) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.80 277.47 Td (\(91,028) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 521.80 277.47 Td (\(122,645) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 277.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 262.42 Td (Cash flow provided by \(used in\) financing activities) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 323.15 262.42 Td (37,682) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.80 262.47 Td (\(146,631) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 419.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 452.80 262.47 Td (\(173,849) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 488.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 526.80 262.47 Td (\(51,662) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 557.65 262.42 Td (\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 234.25 Td (\(1\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 234.25 Td (Includes ) Tj ET Q q 0 0 0 rg BT 103.67 234.25 Td (a ) Tj ET Q q 0 0 0 rg BT 110.41 234.25 Td ($591.0 ) Tj ET Q q 0 0 0 rg BT 140.21 234.25 Td (million ) Tj ET Q q 0 0 0 rg BT 171.40 234.25 Td (accelerated ) Tj ET Q q 0 0 0 rg BT 218.65 234.25 Td (depreciation ) Tj ET Q q 0 0 0 rg BT 270.37 234.25 Td (char) Tj ET Q q 0 0 0 rg BT 287.39 234.25 Td (ge ) Tj ET Q q 0 0 0 rg BT 299.13 234.25 Td (associated ) Tj ET Q q 0 0 0 rg BT 342.52 234.25 Td (with ) Tj ET Q q 0 0 0 rg BT 362.60 234.25 Td (the ) Tj ET Q q 0 0 0 rg BT 377.11 234.25 Td (Riley ) Tj ET Q q 0 0 0 rg BT 401.07 234.25 Td (Ridge ) Tj ET Q q 0 0 0 rg BT 427.26 234.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 442.88 234.25 Td (processing ) Tj ET Q q 0 0 0 rg BT 487.95 234.25 Td (facility ) Tj ET Q q 0 0 0 rg BT 518.57 234.25 Td (and ) Tj ET Q q 0 0 0 rg BT 535.30 234.25 Td (related ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.25 Td (assets ) Tj ET Q q 0 0 0 rg BT 93.50 222.25 Td (during ) Tj ET Q q 0 0 0 rg BT 122.28 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.17 222.25 Td (three ) Tj ET Q q 0 0 0 rg BT 159.82 222.25 Td (months ) Tj ET Q q 0 0 0 rg BT 191.94 222.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 218.49 222.25 Td (December ) Tj ET Q q 0 0 0 rg BT 262.25 222.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 277.42 222.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 302.59 222.25 Td ($27.5 ) Tj ET Q q 0 0 0 rg BT 327.76 222.25 Td (million ) Tj ET Q q 0 0 0 rg BT 359.32 222.25 Td (related ) Tj ET Q q 0 0 0 rg BT 389.19 222.25 Td (to ) Tj ET Q q 0 0 0 rg BT 399.64 222.25 Td (the ) Tj ET Q q 0 0 0 rg BT 414.53 222.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 458.30 222.25 Td (agreement ) Tj ET Q q 0 0 0 rg BT 502.61 222.25 Td (with ) Tj ET Q q 0 0 0 rg BT 523.06 222.25 Td (Evolution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 210.25 Td (during ) Tj ET Q q 0 0 0 rg BT 96.18 210.25 Td (the ) Tj ET Q q 0 0 0 rg BT 110.98 210.25 Td (three ) Tj ET Q q 0 0 0 rg BT 133.54 210.25 Td (months ) Tj ET Q q 0 0 0 rg BT 165.56 210.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 192.01 210.25 Td (June ) Tj ET Q q 0 0 0 rg BT 212.92 210.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 228.00 210.25 Td (2016 ) Tj ET Q q 0 0 0 rg BT 250.57 210.25 Td (and ) Tj ET Q q 0 0 0 rg BT 267.59 210.25 Td (\($13.7 ) Tj ET Q q 0 0 0 rg BT 295.99 210.25 Td (million\) ) Tj ET Q q 0 0 0 rg BT 330.79 210.25 Td (related ) Tj ET Q q 0 0 0 rg BT 360.57 210.25 Td (to ) Tj ET Q q 0 0 0 rg BT 370.92 210.25 Td (Delhi ) Tj ET Q q 0 0 0 rg BT 395.71 210.25 Td (remediation ) Tj ET Q q 0 0 0 rg BT 446.05 210.25 Td (char) Tj ET Q q 0 0 0 rg BT 463.07 210.25 Td (ges, ) Tj ET Q q 0 0 0 rg BT 481.48 210.25 Td (net ) Tj ET Q q 0 0 0 rg BT 496.27 210.25 Td (of ) Tj ET Q q 0 0 0 rg BT 507.18 210.25 Td (insurance ) Tj ET Q q 0 0 0 rg BT 548.07 210.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 198.25 Td (other ) Tj ET Q q 0 0 0 rg BT 90.55 198.25 Td (reimbursements ) Tj ET Q q 0 0 0 rg BT 156.92 198.25 Td (during ) Tj ET Q q 0 0 0 rg BT 185.53 198.25 Td (the ) Tj ET Q q 0 0 0 rg BT 200.24 198.25 Td (three ) Tj ET Q q 0 0 0 rg BT 222.73 198.25 Td (months ) Tj ET Q q 0 0 0 rg BT 254.68 198.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 281.05 198.25 Td (September ) Tj ET Q q 0 0 0 rg BT 326.32 198.25 Td (30, ) Tj ET Q q 0 0 0 rg BT 341.32 198.25 Td (2015.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.25 Td (\(2\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 186.25 Td (On ) Tj ET Q q 0 0 0 rg BT 81.95 186.25 Td (September ) Tj ET Q q 0 0 0 rg BT 126.94 186.25 Td (21, ) Tj ET Q q 0 0 0 rg BT 141.67 186.25 Td (2015, ) Tj ET Q q 0 0 0 rg BT 166.40 186.25 Td (in ) Tj ET Q q 0 0 0 rg BT 176.40 186.25 Td (light ) Tj ET Q q 0 0 0 rg BT 196.97 186.25 Td (of ) Tj ET Q q 0 0 0 rg BT 207.52 186.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.97 186.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 266.97 186.25 Td (low ) Tj ET Q q 0 0 0 rg BT 284.20 186.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 296.98 186.25 Td (price ) Tj ET Q q 0 0 0 rg BT 319.20 186.25 Td (environment ) Tj ET Q q 0 0 0 rg BT 371.97 186.25 Td (and ) Tj ET Q q 0 0 0 rg BT 388.63 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 404.19 186.25 Td (desire ) Tj ET Q q 0 0 0 rg BT 430.30 186.25 Td (to ) Tj ET Q q 0 0 0 rg BT 440.30 186.25 Td (maintain ) Tj ET Q q 0 0 0 rg BT 477.52 186.25 Td (our ) Tj ET Q q 0 0 0 rg BT 493.08 186.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 530.29 186.25 Td (strength ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 174.25 Td (and ) Tj ET Q q 0 0 0 rg BT 84.27 174.25 Td (flexibility) Tj ET Q q 0 0 0 rg BT 123.06 174.25 Td (, ) Tj ET Q q 0 0 0 rg BT 127.89 174.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.43 174.25 Td (Company) Tj ET Q q 0 0 0 rg BT 184.10 174.25 Td (s ) Tj ET Q q 0 0 0 rg BT 190.32 174.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 217.08 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 227.74 174.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 267.28 174.25 Td (suspended ) Tj ET Q q 0 0 0 rg BT 311.27 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 326.93 174.25 Td (quarterly ) Tj ET Q q 0 0 0 rg BT 365.35 174.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 385.45 174.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 422.77 174.25 Td (ef) Tj ET Q q 0 0 0 rg BT 430.36 174.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 459.89 174.25 Td (after ) Tj ET Q q 0 0 0 rg BT 480.54 174.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 517.30 174.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.96 174.25 Td (our ) Tj ET Q q 0 0 0 rg BT 543.62 174.25 Td (third ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 162.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 98.32 162.25 Td (dividend ) Tj ET Q q 0 0 0 rg BT 135.81 162.25 Td (on ) Tj ET Q q 0 0 0 rg BT 148.31 162.25 Td (September ) Tj ET Q q 0 0 0 rg BT 193.57 162.25 Td (29, ) Tj ET Q q 0 0 0 rg BT 208.57 162.25 Td (2015.) Tj ET Q endstream endobj 209 0 obj <> endobj 210 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (104) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 725.18505859375 m 461.66796875 725.18505859375 l s q 0 0 0 rg BT 49.50 726.75 Td (Item 9. Changes in and Disagr) Tj ET Q q 0 0 0 rg BT 178.78 726.75 Td (eements with ) Tj ET Q q 0 0 0 rg BT 236.55 726.75 Td (Accountants on ) Tj ET Q q 0 0 0 rg BT 304.89 726.75 Td (Accounting and Financial Disclosur) Tj ET Q q 0 0 0 rg BT 457.23 726.75 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (None.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td () Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 677.18505859375 m 195.330078125 677.18505859375 l s q 0 0 0 rg BT 49.50 678.75 Td (Item 9A. Contr) Tj ET Q q 0 0 0 rg BT 114.58 678.75 Td (ols and Pr) Tj ET Q q 0 0 0 rg BT 157.74 678.75 Td (ocedur) Tj ET Q q 0 0 0 rg BT 187.00 678.75 Td (es) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 654.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 654.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 654.75 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 149.33 654.75 Td (e ) Tj ET Q q 0 0 0 rg BT 156.27 654.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 181.64 654.75 Td (ols ) Tj ET Q q 0 0 0 rg BT 195.81 654.75 Td (and ) Tj ET Q q 0 0 0 rg BT 214.43 654.75 Td (Pr) Tj ET Q q 0 0 0 rg BT 224.80 654.75 Td (ocedur) Tj ET Q q 0 0 0 rg BT 254.06 654.75 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 630.75 Td (As ) Tj ET Q q 0 0 0 rg BT 80.16 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 90.04 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 103.81 630.75 Td (end ) Tj ET Q q 0 0 0 rg BT 119.80 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 129.68 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 143.44 630.75 Td (period ) Tj ET Q q 0 0 0 rg BT 170.54 630.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 203.73 630.75 Td (by ) Tj ET Q q 0 0 0 rg BT 215.28 630.75 Td (this ) Tj ET Q q 0 0 0 rg BT 231.28 630.75 Td (report, ) Tj ET Q q 0 0 0 rg BT 259.21 630.75 Td (an ) Tj ET Q q 0 0 0 rg BT 270.19 630.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 313.39 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 323.27 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 337.04 630.75 Td (ef) Tj ET Q q 0 0 0 rg BT 344.63 630.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 390.60 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 400.48 630.75 Td (the ) Tj ET Q q 0 0 0 rg BT 414.25 630.75 Td (design ) Tj ET Q q 0 0 0 rg BT 441.90 630.75 Td (and ) Tj ET Q q 0 0 0 rg BT 457.89 630.75 Td (operation ) Tj ET Q q 0 0 0 rg BT 497.20 630.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.08 630.75 Td (our ) Tj ET Q q 0 0 0 rg BT 521.96 630.75 Td (disclosure ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 618.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 83.87 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 100.46 618.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 146.48 618.75 Td (\(as ) Tj ET Q q 0 0 0 rg BT 160.29 618.75 Td (defined ) Tj ET Q q 0 0 0 rg BT 192.42 618.75 Td (in ) Tj ET Q q 0 0 0 rg BT 202.35 618.75 Td (Rule ) Tj ET Q q 0 0 0 rg BT 223.39 618.75 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 264.41 618.75 Td (under ) Tj ET Q q 0 0 0 rg BT 289.33 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 303.69 618.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 344.79 618.75 Td (Act\) ) Tj ET Q q 0 0 0 rg BT 364.71 618.75 Td (was ) Tj ET Q q 0 0 0 rg BT 382.42 618.75 Td (performed ) Tj ET Q q 0 0 0 rg BT 426.21 618.75 Td (under ) Tj ET Q q 0 0 0 rg BT 451.13 618.75 Td (the ) Tj ET Q q 0 0 0 rg BT 465.50 618.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 513.76 618.75 Td (and ) Tj ET Q q 0 0 0 rg BT 530.35 618.75 Td (with ) Tj ET Q q 0 0 0 rg BT 550.28 618.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 102.85 606.75 Td (of ) Tj ET Q q 0 0 0 rg BT 113.99 606.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 170.39 606.75 Td (including ) Tj ET Q q 0 0 0 rg BT 210.97 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 227.11 606.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 252.14 606.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 294.93 606.75 Td (Of) Tj ET Q q 0 0 0 rg BT 305.30 606.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 326.42 606.75 Td (and ) Tj ET Q q 0 0 0 rg BT 343.67 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 359.81 606.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 384.84 606.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.86 606.75 Td (Of) Tj ET Q q 0 0 0 rg BT 435.23 606.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 453.00 606.75 Td (.Based ) Tj ET Q q 0 0 0 rg BT 487.74 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 500.55 606.75 Td (that ) Tj ET Q q 0 0 0 rg BT 518.36 606.75 Td (evaluation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 65.37 594.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 90.13 594.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 132.65 594.75 Td (Of) Tj ET Q q 0 0 0 rg BT 143.02 594.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 163.88 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 180.86 594.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 205.62 594.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 245.37 594.75 Td (Of) Tj ET Q q 0 0 0 rg BT 255.74 594.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 276.60 594.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 320.23 594.75 Td (that ) Tj ET Q q 0 0 0 rg BT 337.77 594.75 Td (our ) Tj ET Q q 0 0 0 rg BT 353.64 594.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 396.73 594.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 431.49 594.75 Td (and ) Tj ET Q q 0 0 0 rg BT 448.47 594.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 494.88 594.75 Td (were ) Tj ET Q q 0 0 0 rg BT 516.85 594.75 Td (ef) Tj ET Q q 0 0 0 rg BT 524.44 594.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 554.18 594.75 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 582.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 60.78 582.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 119.81 582.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.81 582.75 Td (, ) Tj ET Q q 0 0 0 rg BT 145.26 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 155.99 582.75 Td (ensure ) Tj ET Q q 0 0 0 rg BT 185.03 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 202.98 582.75 Td (information ) Tj ET Q q 0 0 0 rg BT 253.14 582.75 Td (that ) Tj ET Q q 0 0 0 rg BT 271.08 582.75 Td (is ) Tj ET Q q 0 0 0 rg BT 280.70 582.75 Td (required ) Tj ET Q q 0 0 0 rg BT 316.96 582.75 Td (to ) Tj ET Q q 0 0 0 rg BT 327.69 582.75 Td (be ) Tj ET Q q 0 0 0 rg BT 340.07 582.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 380.24 582.75 Td (in ) Tj ET Q q 0 0 0 rg BT 390.97 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 406.13 582.75 Td (reports ) Tj ET Q q 0 0 0 rg BT 436.85 582.75 Td (the ) Tj ET Q q 0 0 0 rg BT 452.01 582.75 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.85 582.75 Td (files ) Tj ET Q q 0 0 0 rg BT 514.01 582.75 Td (and ) Tj ET Q q 0 0 0 rg BT 531.40 582.75 Td (submits ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 570.75 Td (under ) Tj ET Q q 0 0 0 rg BT 75.53 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 91.00 570.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 133.70 570.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 175.66 570.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 193.36 570.75 Td (of ) Tj ET Q q 0 0 0 rg BT 204.95 570.75 Td (1934 ) Tj ET Q q 0 0 0 rg BT 228.21 570.75 Td (is ) Tj ET Q q 0 0 0 rg BT 238.14 570.75 Td (recorded; ) Tj ET Q q 0 0 0 rg BT 279.15 570.75 Td (that ) Tj ET Q q 0 0 0 rg BT 297.40 570.75 Td (it ) Tj ET Q q 0 0 0 rg BT 306.22 570.75 Td (is ) Tj ET Q q 0 0 0 rg BT 316.15 570.75 Td (processed, ) Tj ET Q q 0 0 0 rg BT 361.34 570.75 Td (summarized ) Tj ET Q q 0 0 0 rg BT 413.47 570.75 Td (and ) Tj ET Q q 0 0 0 rg BT 431.17 570.75 Td (reported ) Tj ET Q q 0 0 0 rg BT 467.74 570.75 Td (within ) Tj ET Q q 0 0 0 rg BT 496.56 570.75 Td (the ) Tj ET Q q 0 0 0 rg BT 512.03 570.75 Td (time ) Tj ET Q q 0 0 0 rg BT 533.07 570.75 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 558.75 Td (specified ) Tj ET Q q 0 0 0 rg BT 87.48 558.75 Td (in ) Tj ET Q q 0 0 0 rg BT 97.15 558.75 Td (theSEC) Tj ET Q q 0 0 0 rg BT 132.98 558.75 Td (s ) Tj ET Q q 0 0 0 rg BT 138.76 558.75 Td (rules ) Tj ET Q q 0 0 0 rg BT 160.09 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.41 558.75 Td (forms; ) Tj ET Q q 0 0 0 rg BT 204.41 558.75 Td (and ) Tj ET Q q 0 0 0 rg BT 220.73 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 237.62 558.75 Td (information ) Tj ET Q q 0 0 0 rg BT 286.71 558.75 Td (that ) Tj ET Q q 0 0 0 rg BT 303.60 558.75 Td (is ) Tj ET Q q 0 0 0 rg BT 312.15 558.75 Td (required ) Tj ET Q q 0 0 0 rg BT 347.36 558.75 Td (to ) Tj ET Q q 0 0 0 rg BT 357.02 558.75 Td (be ) Tj ET Q q 0 0 0 rg BT 368.35 558.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 407.45 558.75 Td (under ) Tj ET Q q 0 0 0 rg BT 432.11 558.75 Td (the ) Tj ET Q q 0 0 0 rg BT 446.21 558.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 487.11 558.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 503.43 558.75 Td (is ) Tj ET Q q 0 0 0 rg BT 511.99 558.75 Td (accumulated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 65.97 546.75 Td (communicated ) Tj ET Q q 0 0 0 rg BT 126.87 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 136.67 546.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 192.29 546.75 Td (including ) Tj ET Q q 0 0 0 rg BT 232.10 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 247.46 546.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 271.71 546.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 313.72 546.75 Td (Of) Tj ET Q q 0 0 0 rg BT 324.09 546.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 344.43 546.75 Td (and ) Tj ET Q q 0 0 0 rg BT 360.90 546.75 Td (our ) Tj ET Q q 0 0 0 rg BT 376.26 546.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 400.51 546.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 439.75 546.75 Td (Of) Tj ET Q q 0 0 0 rg BT 450.12 546.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 468.04 546.75 Td (, ) Tj ET Q q 0 0 0 rg BT 472.57 546.75 Td (as ) Tj ET Q q 0 0 0 rg BT 482.93 546.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 530.49 546.75 Td (to ) Tj ET Q q 0 0 0 rg BT 540.30 546.75 Td (allow ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 534.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 77.55 534.75 Td (decisions ) Tj ET Q q 0 0 0 rg BT 117.27 534.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 158.08 534.75 Td (required ) Tj ET Q q 0 0 0 rg BT 193.90 534.75 Td (disclosure.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 510.75 Td (Evaluation ) Tj ET Q q 0 0 0 rg BT 98.68 510.75 Td (of ) Tj ET Q q 0 0 0 rg BT 109.51 510.75 Td (Changes ) Tj ET Q q 0 0 0 rg BT 148.68 510.75 Td (in ) Tj ET Q q 0 0 0 rg BT 159.52 510.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 197.02 510.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 222.40 510.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 232.67 510.75 Td (over) Tj ET Q q 0 0 0 rg BT 251.37 510.75 Td ( ) Tj ET Q q 0 0 0 rg BT 253.87 510.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 296.38 510.75 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 486.75 Td (Under ) Tj ET Q q 0 0 0 rg BT 95.40 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 110.53 486.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 159.55 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 176.90 486.75 Td (with ) Tj ET Q q 0 0 0 rg BT 197.59 486.75 Td (the ) Tj ET Q q 0 0 0 rg BT 212.72 486.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 266.17 486.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.41 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 293.65 486.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 350.15 486.75 Td (including ) Tj ET Q q 0 0 0 rg BT 390.84 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 407.08 486.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 432.21 486.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 475.10 486.75 Td (Of) Tj ET Q q 0 0 0 rg BT 485.47 486.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 506.70 486.75 Td (and ) Tj ET Q q 0 0 0 rg BT 524.05 486.75 Td (our ) Tj ET Q q 0 0 0 rg BT 540.29 486.75 Td (Chief ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 474.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 89.05 474.75 Td (Of) Tj ET Q q 0 0 0 rg BT 99.42 474.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 117.34 474.75 Td (, ) Tj ET Q q 0 0 0 rg BT 122.18 474.75 Td (we ) Tj ET Q q 0 0 0 rg BT 136.18 474.75 Td (have ) Tj ET Q q 0 0 0 rg BT 157.40 474.75 Td (determined ) Tj ET Q q 0 0 0 rg BT 204.72 474.75 Td (that, ) Tj ET Q q 0 0 0 rg BT 224.56 474.75 Td (during ) Tj ET Q q 0 0 0 rg BT 253.01 474.75 Td (the ) Tj ET Q q 0 0 0 rg BT 267.57 474.75 Td (fourth ) Tj ET Q q 0 0 0 rg BT 294.35 474.75 Td (quarter ) Tj ET Q q 0 0 0 rg BT 325.00 474.75 Td (of ) Tj ET Q q 0 0 0 rg BT 335.67 474.75 Td (fiscal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 359.67 474.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.67 474.75 Td (, ) Tj ET Q q 0 0 0 rg BT 384.51 474.75 Td (there ) Tj ET Q q 0 0 0 rg BT 406.84 474.75 Td (were ) Tj ET Q q 0 0 0 rg BT 428.61 474.75 Td (no ) Tj ET Q q 0 0 0 rg BT 440.95 474.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 475.50 474.75 Td (in ) Tj ET Q q 0 0 0 rg BT 485.62 474.75 Td (our ) Tj ET Q q 0 0 0 rg BT 501.29 474.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 534.17 474.75 Td (control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 462.75 Td (over ) Tj ET Q q 0 0 0 rg BT 68.92 462.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 105.55 462.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 143.86 462.75 Td (that ) Tj ET Q q 0 0 0 rg BT 160.51 462.75 Td (have ) Tj ET Q q 0 0 0 rg BT 181.04 462.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 223.22 462.75 Td (af) Tj ET Q q 0 0 0 rg BT 230.81 462.75 Td (fected, ) Tj ET Q q 0 0 0 rg BT 259.39 462.75 Td (or ) Tj ET Q q 0 0 0 rg BT 269.37 462.75 Td (are ) Tj ET Q q 0 0 0 rg BT 283.23 462.75 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 328.20 462.75 Td (likely ) Tj ET Q q 0 0 0 rg BT 352.62 462.75 Td (to ) Tj ET Q q 0 0 0 rg BT 362.05 462.75 Td (materially ) Tj ET Q q 0 0 0 rg BT 404.24 462.75 Td (af) Tj ET Q q 0 0 0 rg BT 411.83 462.75 Td (fect, ) Tj ET Q q 0 0 0 rg BT 430.97 462.75 Td (our ) Tj ET Q q 0 0 0 rg BT 445.95 462.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 478.14 462.75 Td (control ) Tj ET Q q 0 0 0 rg BT 508.12 462.75 Td (over ) Tj ET Q q 0 0 0 rg BT 527.54 462.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 450.75 Td (reporting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (Management) Tj ET Q q 0 0 0 rg BT 108.56 426.75 Td (s ) Tj ET Q q 0 0 0 rg BT 114.95 426.75 Td (Report ) Tj ET Q q 0 0 0 rg BT 147.44 426.75 Td (on ) Tj ET Q q 0 0 0 rg BT 160.50 426.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 198.00 426.75 Td (Contr) Tj ET Q q 0 0 0 rg BT 223.37 426.75 Td (ol ) Tj ET Q q 0 0 0 rg BT 233.65 426.75 Td (over) Tj ET Q q 0 0 0 rg BT 252.35 426.75 Td ( ) Tj ET Q q 0 0 0 rg BT 254.85 426.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 297.35 426.75 Td (Reporting) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 402.75 Td (Our ) Tj ET Q q 0 0 0 rg BT 85.21 402.75 Td (management ) Tj ET Q q 0 0 0 rg BT 138.46 402.75 Td (is ) Tj ET Q q 0 0 0 rg BT 147.29 402.75 Td (responsible ) Tj ET Q q 0 0 0 rg BT 195.00 402.75 Td (for ) Tj ET Q q 0 0 0 rg BT 208.82 402.75 Td (establishing ) Tj ET Q q 0 0 0 rg BT 258.75 402.75 Td (and ) Tj ET Q q 0 0 0 rg BT 275.35 402.75 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 325.28 402.75 Td (adequate ) Tj ET Q q 0 0 0 rg BT 362.97 402.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 395.67 402.75 Td (control ) Tj ET Q q 0 0 0 rg BT 426.15 402.75 Td (over ) Tj ET Q q 0 0 0 rg BT 446.08 402.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 483.22 402.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 522.04 402.75 Td (as ) Tj ET Q q 0 0 0 rg BT 532.53 402.75 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 390.75 Td (in ) Tj ET Q q 0 0 0 rg BT 61.08 390.75 Td (Rules ) Tj ET Q q 0 0 0 rg BT 87.66 390.75 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 129.22 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 147.46 390.75 Td (15d-15\(f\) ) Tj ET Q q 0 0 0 rg BT 189.58 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 201.71 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 217.73 390.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 260.96 390.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 303.35 390.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 321.59 390.75 Td (of ) Tj ET Q q 0 0 0 rg BT 333.72 390.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 360.02 390.75 Td (as ) Tj ET Q q 0 0 0 rg BT 372.15 390.75 Td (amended.Under ) Tj ET Q q 0 0 0 rg BT 444.54 390.75 Td (the ) Tj ET Q q 0 0 0 rg BT 460.56 390.75 Td (supervision ) Tj ET Q q 0 0 0 rg BT 510.47 390.75 Td (and ) Tj ET Q q 0 0 0 rg BT 528.71 390.75 Td (with ) Tj ET Q q 0 0 0 rg BT 550.29 390.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 378.75 Td (participation ) Tj ET Q q 0 0 0 rg BT 104.38 378.75 Td (of ) Tj ET Q q 0 0 0 rg BT 117.05 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 134.73 378.75 Td (management, ) Tj ET Q q 0 0 0 rg BT 192.66 378.75 Td (including ) Tj ET Q q 0 0 0 rg BT 234.77 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 252.45 378.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 279.01 378.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 323.33 378.75 Td (Of) Tj ET Q q 0 0 0 rg BT 333.70 378.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 356.36 378.75 Td (and ) Tj ET Q q 0 0 0 rg BT 375.14 378.75 Td (our ) Tj ET Q q 0 0 0 rg BT 392.81 378.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 419.37 378.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 460.93 378.75 Td (Of) Tj ET Q q 0 0 0 rg BT 471.30 378.75 Td (ficer) Tj ET Q q 0 0 0 rg BT 489.21 378.75 Td (, ) Tj ET Q q 0 0 0 rg BT 496.06 378.75 Td (we ) Tj ET Q q 0 0 0 rg BT 512.06 378.75 Td (assessed ) Tj ET Q q 0 0 0 rg BT 550.28 378.75 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 366.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 103.00 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 112.83 366.75 Td (our ) Tj ET Q q 0 0 0 rg BT 127.65 366.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 159.69 366.75 Td (control ) Tj ET Q q 0 0 0 rg BT 189.50 366.75 Td (over ) Tj ET Q q 0 0 0 rg BT 208.77 366.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 245.24 366.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 283.39 366.75 Td (as ) Tj ET Q q 0 0 0 rg BT 293.21 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 303.04 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 316.75 366.75 Td (end ) Tj ET Q q 0 0 0 rg BT 332.68 366.75 Td (of ) Tj ET Q q 0 0 0 rg BT 342.50 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 356.21 366.75 Td (period ) Tj ET Q q 0 0 0 rg BT 383.25 366.75 Td (covered ) Tj ET Q q 0 0 0 rg BT 416.39 366.75 Td (by ) Tj ET Q q 0 0 0 rg BT 427.88 366.75 Td (this ) Tj ET Q q 0 0 0 rg BT 443.82 366.75 Td (report ) Tj ET Q q 0 0 0 rg BT 469.19 366.75 Td (based ) Tj ET Q q 0 0 0 rg BT 493.46 366.75 Td (on ) Tj ET Q q 0 0 0 rg BT 504.95 366.75 Td (the ) Tj ET Q q 0 0 0 rg BT 518.66 366.75 Td (framework ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 354.75 Td (in ) Tj ET Q q 0 0 0 rg BT 60.72 354.75 Td (Internal ) Tj ET Q q 0 0 0 rg BT 99.69 354.75 Td (Control ) Tj ET Q q 0 0 0 rg BT 133.68 354.75 Td ( ) Tj ET Q q 0 0 0 rg BT 142.12 354.75 Td (Integrated ) Tj ET Q q 0 0 0 rg BT 186.09 354.75 Td (Framework ) Tj ET Q q 0 0 0 rg BT 240.07 354.75 Td (\(2013\) ) Tj ET Q q 0 0 0 rg BT 270.17 354.75 Td (issued ) Tj ET Q q 0 0 0 rg BT 298.61 354.75 Td (by ) Tj ET Q q 0 0 0 rg BT 312.05 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 327.70 354.75 Td (Committee ) Tj ET Q q 0 0 0 rg BT 375.58 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 387.35 354.75 Td (Sponsoring ) Tj ET Q q 0 0 0 rg BT 436.35 354.75 Td (Or) Tj ET Q q 0 0 0 rg BT 446.72 354.75 Td (ganizations ) Tj ET Q q 0 0 0 rg BT 495.70 354.75 Td (of ) Tj ET Q q 0 0 0 rg BT 507.47 354.75 Td (the ) Tj ET Q q 0 0 0 rg BT 522.88 354.75 Td (T) Tj ET Q q 0 0 0 rg BT 528.64 354.75 Td (readway ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 342.75 Td (Commission.Based ) Tj ET Q q 0 0 0 rg BT 134.41 342.75 Td (on ) Tj ET Q q 0 0 0 rg BT 146.82 342.75 Td (that ) Tj ET Q q 0 0 0 rg BT 164.22 342.75 Td (assessment, ) Tj ET Q q 0 0 0 rg BT 213.57 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 229.30 342.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 253.93 342.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 296.32 342.75 Td (Of) Tj ET Q q 0 0 0 rg BT 306.69 342.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 327.41 342.75 Td (and ) Tj ET Q q 0 0 0 rg BT 344.26 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 359.99 342.75 Td (Chief ) Tj ET Q q 0 0 0 rg BT 384.62 342.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 424.24 342.75 Td (Of) Tj ET Q q 0 0 0 rg BT 434.61 342.75 Td (ficer ) Tj ET Q q 0 0 0 rg BT 455.33 342.75 Td (concluded ) Tj ET Q q 0 0 0 rg BT 498.83 342.75 Td (that ) Tj ET Q q 0 0 0 rg BT 516.23 342.75 Td (our ) Tj ET Q q 0 0 0 rg BT 531.97 342.75 Td (internal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 330.75 Td (control ) Tj ET Q q 0 0 0 rg BT 80.47 330.75 Td (over ) Tj ET Q q 0 0 0 rg BT 100.88 330.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 138.50 330.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 177.80 330.75 Td (was ) Tj ET Q q 0 0 0 rg BT 196.00 330.75 Td (ef) Tj ET Q q 0 0 0 rg BT 203.58 330.75 Td (fective ) Tj ET Q q 0 0 0 rg BT 233.43 330.75 Td (to ) Tj ET Q q 0 0 0 rg BT 243.85 330.75 Td (provide ) Tj ET Q q 0 0 0 rg BT 277.04 330.75 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 322.44 330.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 363.95 330.75 Td (regarding ) Tj ET Q q 0 0 0 rg BT 404.91 330.75 Td (the ) Tj ET Q q 0 0 0 rg BT 419.77 330.75 Td (reliability ) Tj ET Q q 0 0 0 rg BT 461.29 330.75 Td (of ) Tj ET Q q 0 0 0 rg BT 472.26 330.75 Td (our ) Tj ET Q q 0 0 0 rg BT 488.23 330.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 330.75 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 318.75 Td (and ) Tj ET Q q 0 0 0 rg BT 67.58 318.75 Td (the ) Tj ET Q q 0 0 0 rg BT 83.43 318.75 Td (preparation ) Tj ET Q q 0 0 0 rg BT 132.60 318.75 Td (of ) Tj ET Q q 0 0 0 rg BT 144.57 318.75 Td (our ) Tj ET Q q 0 0 0 rg BT 161.54 318.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 200.15 318.75 Td (statements ) Tj ET Q q 0 0 0 rg BT 246.00 318.75 Td (for ) Tj ET Q q 0 0 0 rg BT 261.30 318.75 Td (external ) Tj ET Q q 0 0 0 rg BT 297.14 318.75 Td (purposes ) Tj ET Q q 0 0 0 rg BT 336.33 318.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.75 318.75 Td (accordance ) Tj ET Q q 0 0 0 rg BT 396.35 318.75 Td (with ) Tj ET Q q 0 0 0 rg BT 417.76 318.75 Td (U.S. ) Tj ET Q q 0 0 0 rg BT 439.18 318.75 Td (generally ) Tj ET Q q 0 0 0 rg BT 480.02 318.75 Td (accepted ) Tj ET Q q 0 0 0 rg BT 518.63 318.75 Td (accounting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 306.75 Td (principles.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 282.75 Td (The ) Tj ET Q q 0 0 0 rg BT 88.71 282.75 Td (ef) Tj ET Q q 0 0 0 rg BT 96.30 282.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 146.39 282.75 Td (of ) Tj ET Q q 0 0 0 rg BT 160.38 282.75 Td (our ) Tj ET Q q 0 0 0 rg BT 179.38 282.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 215.58 282.75 Td (control ) Tj ET Q q 0 0 0 rg BT 249.57 282.75 Td (over ) Tj ET Q q 0 0 0 rg BT 273.00 282.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 313.65 282.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 355.97 282.75 Td (as ) Tj ET Q q 0 0 0 rg BT 369.96 282.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 383.96 282.75 Td (December31, ) Tj ET Q q 0 0 0 rg BT 445.70 282.75 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.70 282.75 Td (, ) Tj ET Q q 0 0 0 rg BT 473.87 282.75 Td (has ) Tj ET Q q 0 0 0 rg BT 492.86 282.75 Td (been ) Tj ET Q q 0 0 0 rg BT 517.40 282.75 Td (audited ) Tj ET Q q 0 0 0 rg BT 552.50 282.75 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 270.75 Td (PricewaterhouseCoopers ) Tj ET Q q 0 0 0 rg BT 151.41 270.75 Td (LLP) Tj ET Q q 0 0 0 rg BT 168.08 270.75 Td (, ) Tj ET Q q 0 0 0 rg BT 173.08 270.75 Td (an ) Tj ET Q q 0 0 0 rg BT 185.02 270.75 Td (independent ) Tj ET Q q 0 0 0 rg BT 236.39 270.75 Td (registered ) Tj ET Q q 0 0 0 rg BT 278.32 270.75 Td (public ) Tj ET Q q 0 0 0 rg BT 305.81 270.75 Td (accounting ) Tj ET Q q 0 0 0 rg BT 352.19 270.75 Td (firm, ) Tj ET Q q 0 0 0 rg BT 374.40 270.75 Td (as ) Tj ET Q q 0 0 0 rg BT 385.23 270.75 Td (stated ) Tj ET Q q 0 0 0 rg BT 411.06 270.75 Td (in ) Tj ET Q q 0 0 0 rg BT 421.34 270.75 Td (the ) Tj ET Q q 0 0 0 rg BT 436.05 270.75 Td (report ) Tj ET Q q 0 0 0 rg BT 462.43 270.75 Td (that ) Tj ET Q q 0 0 0 rg BT 479.92 270.75 Td (appears ) Tj ET Q q 0 0 0 rg BT 512.96 270.75 Td (herein.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 246.75 Td (Important ) Tj ET Q q 0 0 0 rg BT 96.44 246.75 Td (Considerations) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 222.75 Td (The ) Tj ET Q q 0 0 0 rg BT 86.34 222.75 Td (ef) Tj ET Q q 0 0 0 rg BT 93.92 222.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 141.64 222.75 Td (of ) Tj ET Q q 0 0 0 rg BT 153.25 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 169.87 222.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 213.71 222.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 249.21 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 266.94 222.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 314.10 222.75 Td (and ) Tj ET Q q 0 0 0 rg BT 331.82 222.75 Td (our ) Tj ET Q q 0 0 0 rg BT 348.44 222.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 382.27 222.75 Td (control ) Tj ET Q q 0 0 0 rg BT 413.89 222.75 Td (over ) Tj ET Q q 0 0 0 rg BT 434.94 222.75 Td (financial ) Tj ET Q q 0 0 0 rg BT 473.21 222.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 513.16 222.75 Td (is ) Tj ET Q q 0 0 0 rg BT 523.12 222.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 554.73 222.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 210.75 Td (various ) Tj ET Q q 0 0 0 rg BT 81.61 210.75 Td (inherent ) Tj ET Q q 0 0 0 rg BT 117.04 210.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 164.98 210.75 Td (including ) Tj ET Q q 0 0 0 rg BT 205.42 210.75 Td (cost ) Tj ET Q q 0 0 0 rg BT 224.20 210.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 272.15 210.75 Td (judgments ) Tj ET Q q 0 0 0 rg BT 316.48 210.75 Td (used ) Tj ET Q q 0 0 0 rg BT 337.48 210.75 Td (in ) Tj ET Q q 0 0 0 rg BT 347.92 210.75 Td (decision ) Tj ET Q q 0 0 0 rg BT 383.91 210.75 Td (making, ) Tj ET Q q 0 0 0 rg BT 419.08 210.75 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 471.19 210.75 Td (about ) Tj ET Q q 0 0 0 rg BT 496.08 210.75 Td (the ) Tj ET Q q 0 0 0 rg BT 510.96 210.75 Td (likelihood ) Tj ET Q q 0 0 0 rg BT 554.18 210.75 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 198.75 Td (future ) Tj ET Q q 0 0 0 rg BT 76.20 198.75 Td (events, ) Tj ET Q q 0 0 0 rg BT 107.07 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 122.11 198.75 Td (soundness ) Tj ET Q q 0 0 0 rg BT 166.05 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.20 198.75 Td (our ) Tj ET Q q 0 0 0 rg BT 193.36 198.75 Td (systems, ) Tj ET Q q 0 0 0 rg BT 230.35 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 245.39 198.75 Td (possibility ) Tj ET Q q 0 0 0 rg BT 289.89 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 301.04 198.75 Td (human ) Tj ET Q q 0 0 0 rg BT 331.08 198.75 Td (error) Tj ET Q q 0 0 0 rg BT 350.11 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 355.44 198.75 Td (and ) Tj ET Q q 0 0 0 rg BT 372.70 198.75 Td (the ) Tj ET Q q 0 0 0 rg BT 387.74 198.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 405.56 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 416.72 198.75 Td (fraud.Moreover) Tj ET Q q 0 0 0 rg BT 484.34 198.75 Td (, ) Tj ET Q q 0 0 0 rg BT 489.67 198.75 Td (projections ) Tj ET Q q 0 0 0 rg BT 536.92 198.75 Td (of ) Tj ET Q q 0 0 0 rg BT 548.08 198.75 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 186.75 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 94.08 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 105.33 186.75 Td (ef) Tj ET Q q 0 0 0 rg BT 112.92 186.75 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 160.27 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 170.98 186.75 Td (future ) Tj ET Q q 0 0 0 rg BT 197.78 186.75 Td (periods ) Tj ET Q q 0 0 0 rg BT 230.14 186.75 Td (are ) Tj ET Q q 0 0 0 rg BT 245.28 186.75 Td (subject ) Tj ET Q q 0 0 0 rg BT 276.53 186.75 Td (to ) Tj ET Q q 0 0 0 rg BT 287.23 186.75 Td (the ) Tj ET Q q 0 0 0 rg BT 302.38 186.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 320.30 186.75 Td (that ) Tj ET Q q 0 0 0 rg BT 338.22 186.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 373.37 186.75 Td (may ) Tj ET Q q 0 0 0 rg BT 393.51 186.75 Td (become ) Tj ET Q q 0 0 0 rg BT 427.53 186.75 Td (inadequate ) Tj ET Q q 0 0 0 rg BT 473.77 186.75 Td (because ) Tj ET Q q 0 0 0 rg BT 508.34 186.75 Td (of ) Tj ET Q q 0 0 0 rg BT 519.59 186.75 Td (changes ) Tj ET Q q 0 0 0 rg BT 554.73 186.75 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 174.75 Td (conditions ) Tj ET Q q 0 0 0 rg BT 94.23 174.75 Td (and ) Tj ET Q q 0 0 0 rg BT 111.73 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 127.01 174.75 Td (risk ) Tj ET Q q 0 0 0 rg BT 145.07 174.75 Td (that ) Tj ET Q q 0 0 0 rg BT 163.13 174.75 Td (the ) Tj ET Q q 0 0 0 rg BT 178.41 174.75 Td (degree ) Tj ET Q q 0 0 0 rg BT 208.12 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 219.51 174.75 Td (compliance ) Tj ET Q q 0 0 0 rg BT 268.66 174.75 Td (with ) Tj ET Q q 0 0 0 rg BT 289.50 174.75 Td (policies ) Tj ET Q q 0 0 0 rg BT 323.67 174.75 Td (or ) Tj ET Q q 0 0 0 rg BT 335.06 174.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 381.99 174.75 Td (may ) Tj ET Q q 0 0 0 rg BT 402.27 174.75 Td (deteriorate ) Tj ET Q q 0 0 0 rg BT 448.09 174.75 Td (over ) Tj ET Q q 0 0 0 rg BT 468.92 174.75 Td (time.Because ) Tj ET Q q 0 0 0 rg BT 530.57 174.75 Td (of ) Tj ET Q q 0 0 0 rg BT 541.96 174.75 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 162.75 Td (limitations, ) Tj ET Q q 0 0 0 rg BT 98.06 162.75 Td (there ) Tj ET Q q 0 0 0 rg BT 121.32 162.75 Td (can ) Tj ET Q q 0 0 0 rg BT 138.47 162.75 Td (be ) Tj ET Q q 0 0 0 rg BT 151.19 162.75 Td (no ) Tj ET Q q 0 0 0 rg BT 164.47 162.75 Td (assurance ) Tj ET Q q 0 0 0 rg BT 206.61 162.75 Td (that ) Tj ET Q q 0 0 0 rg BT 224.89 162.75 Td (any ) Tj ET Q q 0 0 0 rg BT 242.60 162.75 Td (system ) Tj ET Q q 0 0 0 rg BT 273.66 162.75 Td (of ) Tj ET Q q 0 0 0 rg BT 285.27 162.75 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 329.09 162.75 Td (controls ) Tj ET Q q 0 0 0 rg BT 364.59 162.75 Td (and ) Tj ET Q q 0 0 0 rg BT 382.30 162.75 Td (procedures ) Tj ET Q q 0 0 0 rg BT 429.45 162.75 Td (or ) Tj ET Q q 0 0 0 rg BT 441.06 162.75 Td (internal ) Tj ET Q q 0 0 0 rg BT 474.88 162.75 Td (control ) Tj ET Q q 0 0 0 rg BT 506.48 162.75 Td (over ) Tj ET Q q 0 0 0 rg BT 527.52 162.75 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 150.75 Td (reporting ) Tj ET Q q 0 0 0 rg BT 88.92 150.75 Td (will ) Tj ET Q q 0 0 0 rg BT 107.25 150.75 Td (be ) Tj ET Q q 0 0 0 rg BT 119.46 150.75 Td (successful ) Tj ET Q q 0 0 0 rg BT 163.32 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 173.87 150.75 Td (preventing ) Tj ET Q q 0 0 0 rg BT 219.40 150.75 Td (all ) Tj ET Q q 0 0 0 rg BT 232.17 150.75 Td (errors ) Tj ET Q q 0 0 0 rg BT 258.25 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 269.35 150.75 Td (fraud ) Tj ET Q q 0 0 0 rg BT 293.22 150.75 Td (or ) Tj ET Q q 0 0 0 rg BT 304.32 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 314.87 150.75 Td (making ) Tj ET Q q 0 0 0 rg BT 347.63 150.75 Td (all ) Tj ET Q q 0 0 0 rg BT 360.39 150.75 Td (material ) Tj ET Q q 0 0 0 rg BT 395.92 150.75 Td (information ) Tj ET Q q 0 0 0 rg BT 445.90 150.75 Td (known ) Tj ET Q q 0 0 0 rg BT 475.89 150.75 Td (in ) Tj ET Q q 0 0 0 rg BT 486.44 150.75 Td (a ) Tj ET Q q 0 0 0 rg BT 493.65 150.75 Td (timely ) Tj ET Q q 0 0 0 rg BT 521.97 150.75 Td (manner ) Tj ET Q q 0 0 0 rg BT 554.72 150.75 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 138.75 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 138.75 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 112.25 138.75 Td (levels ) Tj ET Q q 0 0 0 rg BT 138.07 138.75 Td (of ) Tj ET Q q 0 0 0 rg BT 148.90 138.75 Td (management.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 113.18505859375 m 168.748046875 113.18505859375 l s q 0 0 0 rg BT 49.50 114.75 Td (Item 9B. Other) Tj ET Q q 0 0 0 rg BT 114.03 114.75 Td ( Information) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 90.75 Td (None.) Tj ET Q endstream endobj 211 0 obj <> endobj 212 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (105) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 285.90 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.27 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.36 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 311.85 726.75 Td ( III) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 330.0712890625 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 702.75 Td (10. ) Tj ET Q q 0 0 0 rg BT 86.99 702.75 Td (Dir) Tj ET Q q 0 0 0 rg BT 101.25 702.75 Td (ectors, ) Tj ET Q q 0 0 0 rg BT 131.79 702.75 Td (Executive ) Tj ET Q q 0 0 0 rg BT 175.94 702.75 Td (Officers ) Tj ET Q q 0 0 0 rg BT 212.86 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 231.49 702.75 Td (Corporate ) Tj ET Q q 0 0 0 rg BT 278.42 702.75 Td (Governance) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 678.75 Td (Except ) Tj ET Q q 0 0 0 rg BT 97.22 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 107.50 678.75 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 146.67 678.75 Td (below) Tj ET Q q 0 0 0 rg BT 170.46 678.75 Td (, ) Tj ET Q q 0 0 0 rg BT 174.92 678.75 Td (information ) Tj ET Q q 0 0 0 rg BT 224.08 678.75 Td (as ) Tj ET Q q 0 0 0 rg BT 234.37 678.75 Td (to ) Tj ET Q q 0 0 0 rg BT 244.10 678.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 264.38 678.75 Td (10 ) Tj ET Q q 0 0 0 rg BT 276.34 678.75 Td (will ) Tj ET Q q 0 0 0 rg BT 293.85 678.75 Td (be ) Tj ET Q q 0 0 0 rg BT 305.24 678.75 Td (set ) Tj ET Q q 0 0 0 rg BT 318.30 678.75 Td (forth ) Tj ET Q q 0 0 0 rg BT 339.70 678.75 Td (in ) Tj ET Q q 0 0 0 rg BT 349.43 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 363.60 678.75 Td (Proxy ) Tj ET Q q 0 0 0 rg BT 389.45 678.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 431.39 678.75 Td (\(Proxy ) Tj ET Q q 0 0 0 rg BT 465.01 678.75 Td (Statement\) ) Tj ET Q q 0 0 0 rg BT 514.72 678.75 Td (for ) Tj ET Q q 0 0 0 rg BT 528.33 678.75 Td (the ) Tj ET Q q 0 0 0 rg BT 542.51 678.75 Td (2016 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 666.75 Td (Annual ) Tj ET Q q 0 0 0 rg BT 81.44 666.75 Td (Meeting ) Tj ET Q q 0 0 0 rg BT 117.26 666.75 Td (of ) Tj ET Q q 0 0 0 rg BT 128.09 666.75 Td (Shareholders ) Tj ET Q q 0 0 0 rg BT 182.80 666.75 Td (to ) Tj ET Q q 0 0 0 rg BT 193.08 666.75 Td (be ) Tj ET Q q 0 0 0 rg BT 205.02 666.75 Td (held ) Tj ET Q q 0 0 0 rg BT 224.73 666.75 Td (May ) Tj ET Q q 0 0 0 rg BT 245.56 666.75 Td (24, ) Tj ET Q q 0 0 0 rg BT 260.56 666.75 Td (2017 ) Tj ET Q q 0 0 0 rg BT 283.06 666.75 Td (\(Annual ) Tj ET Q q 0 0 0 rg BT 322.77 666.75 Td (Meeting\), ) Tj ET Q q 0 0 0 rg BT 368.87 666.75 Td (and ) Tj ET Q q 0 0 0 rg BT 385.80 666.75 Td (is ) Tj ET Q q 0 0 0 rg BT 394.97 666.75 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 448.01 666.75 Td (herein ) Tj ET Q q 0 0 0 rg BT 475.49 666.75 Td (by ) Tj ET Q q 0 0 0 rg BT 487.99 666.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 642.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 74.22 642.75 Td (of ) Tj ET Q q 0 0 0 rg BT 85.05 642.75 Td (Ethics) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 618.75 Td (W) Tj ET Q q 0 0 0 rg BT 76.14 618.75 Td (e ) Tj ET Q q 0 0 0 rg BT 82.70 618.75 Td (have ) Tj ET Q q 0 0 0 rg BT 103.70 618.75 Td (adopted ) Tj ET Q q 0 0 0 rg BT 137.48 618.75 Td (a ) Tj ET Q q 0 0 0 rg BT 144.05 618.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 167.28 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 177.74 618.75 Td (Ethics ) Tj ET Q q 0 0 0 rg BT 204.86 618.75 Td (for ) Tj ET Q q 0 0 0 rg BT 218.64 618.75 Td (Senior ) Tj ET Q q 0 0 0 rg BT 246.88 618.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 286.22 618.75 Td (Of) Tj ET Q q 0 0 0 rg BT 296.59 618.75 Td (ficers.) Tj ET Q q 0 0 0 rg BT 326.11 618.75 Td (This ) Tj ET Q q 0 0 0 rg BT 346.02 618.75 Td (Code ) Tj ET Q q 0 0 0 rg BT 369.25 618.75 Td (of ) Tj ET Q q 0 0 0 rg BT 379.71 618.75 Td (Ethics, ) Tj ET Q q 0 0 0 rg BT 409.33 618.75 Td (including ) Tj ET Q q 0 0 0 rg BT 449.23 618.75 Td (any ) Tj ET Q q 0 0 0 rg BT 465.79 618.75 Td (amendments ) Tj ET Q q 0 0 0 rg BT 518.46 618.75 Td (or ) Tj ET Q q 0 0 0 rg BT 528.91 618.75 Td (waivers, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 606.75 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 606.75 Td (posted ) Tj ET Q q 0 0 0 rg BT 87.28 606.75 Td (on ) Tj ET Q q 0 0 0 rg BT 99.78 606.75 Td (our ) Tj ET Q q 0 0 0 rg BT 115.61 606.75 Td (website ) Tj ET Q q 0 0 0 rg BT 148.66 606.75 Td (at ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 158.3720703125 605.4169921875 m 236.2236328125 605.4169921875 l s q 0 0 0 rg BT 158.37 606.75 Td (www) Tj ET Q q 0 0 0 rg BT 179.39 606.75 Td (.denbury) Tj ET Q q 0 0 0 rg BT 214.01 606.75 Td (.com.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 581.18505859375 m 192.2685546875 581.18505859375 l s q 0 0 0 rg BT 49.50 582.75 Td (Item 1) Tj ET Q q 0 0 0 rg BT 76.44 582.75 Td (1. Executive Compensation) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 558.75 Td (Information as to Item 1) Tj ET Q q 0 0 0 rg BT 164.33 558.75 Td (1 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.57 558.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 546.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 521.18505859375 m 520.37890625 521.18505859375 l s q 0 0 0 rg BT 49.50 522.75 Td (Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder) Tj ET Q q 0 0 0 rg BT 484.01 522.75 Td ( Matters) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 498.75 Td (Information as to Item 12 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 498.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 486.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 461.18505859375 m 412.380859375 461.18505859375 l s q 0 0 0 rg BT 49.50 462.75 Td (Item 13. Certain Relationships and Related ) Tj ET Q q 0 0 0 rg BT 236.26 462.75 Td (T) Tj ET Q q 0 0 0 rg BT 242.19 462.75 Td (ransactions, and Dir) Tj ET Q q 0 0 0 rg BT 328.96 462.75 Td (ector) Tj ET Q q 0 0 0 rg BT 350.43 462.75 Td ( Independence) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 438.75 Td (Information as to Item 13 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 438.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 426.75 Td (reference.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 401.18505859375 m 255.310546875 401.18505859375 l s q 0 0 0 rg BT 49.50 402.75 Td (Item 14. Principal ) Tj ET Q q 0 0 0 rg BT 128.38 402.75 Td (Accountant Fees and Services) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 378.75 Td (Information as to Item 14 will be set forth in the Proxy Statement for the ) Tj ET Q q 0 0 0 rg BT 359.94 378.75 Td (Annual Meeting and is incorporated herein by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 366.75 Td (reference.) Tj ET Q endstream endobj 213 0 obj <> endobj 214 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (106) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.30 726.75 Td (P) Tj ET Q q 0 0 0 rg BT 291.67 726.75 Td (AR) Tj ET Q q 0 0 0 rg BT 305.76 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 312.25 726.75 Td ( IV) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 701.18505859375 m 274.2412109375 701.18505859375 l s q 0 0 0 rg BT 49.50 702.75 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 702.75 Td (15. ) Tj ET Q q 0 0 0 rg BT 86.99 702.75 Td (Exhibits ) Tj ET Q q 0 0 0 rg BT 125.06 702.75 Td (and ) Tj ET Q q 0 0 0 rg BT 143.68 702.75 Td (Financial ) Tj ET Q q 0 0 0 rg BT 186.19 702.75 Td (Statement ) Tj ET Q q 0 0 0 rg BT 232.01 702.75 Td (Schedules) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 629.75 Td (Exhibits.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.57 629.75 Td () Tj ET Q q 0 0 0 rg BT 92.39 629.75 Td (The ) Tj ET Q q 0 0 0 rg BT 110.44 629.75 Td (following ) Tj ET Q q 0 0 0 rg BT 151.82 629.75 Td (exhibits ) Tj ET Q q 0 0 0 rg BT 185.99 629.75 Td (are ) Tj ET Q q 0 0 0 rg BT 200.70 629.75 Td (included ) Tj ET Q q 0 0 0 rg BT 237.63 629.75 Td (as ) Tj ET Q q 0 0 0 rg BT 248.46 629.75 Td (part ) Tj ET Q q 0 0 0 rg BT 266.51 629.75 Td (of ) Tj ET Q q 0 0 0 rg BT 277.34 629.75 Td (this ) Tj ET Q q 0 0 0 rg BT 294.29 629.75 Td (report.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 605.25 m 114 605.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 605.25 m 562 605.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 609.93 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 609.93 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.82 Td (3\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 595.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.57 595.82 Td (Restated ) Tj ET Q q 0 0 0 rg BT 189.63 595.82 Td (Certificate ) Tj ET Q q 0 0 0 rg BT 234.45 595.82 Td (of ) Tj ET Q q 0 0 0 rg BT 245.41 595.82 Td (Incorporation ) Tj ET Q q 0 0 0 rg BT 302.46 595.82 Td (of ) Tj ET Q q 0 0 0 rg BT 313.42 595.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 351.03 595.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 394.76 595.82 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 412.65 595.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 433.61 595.82 Td (with ) Tj ET Q q 0 0 0 rg BT 454.01 595.82 Td (the ) Tj ET Q q 0 0 0 rg BT 468.85 595.82 Td (Delaware ) Tj ET Q q 0 0 0 rg BT 509.79 595.82 Td (Secretary ) Tj ET Q q 0 0 0 rg BT 550.17 595.82 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 585.82 Td (State ) Tj ET Q q 0 0 0 rg BT 143.21 585.82 Td (on ) Tj ET Q q 0 0 0 rg BT 155.93 585.82 Td (October ) Tj ET Q q 0 0 0 rg BT 190.86 585.82 Td (30, ) Tj ET Q q 0 0 0 rg BT 206.08 585.82 Td (2014 ) Tj ET Q q 0 0 0 rg BT 228.80 585.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 285.38 585.82 Td (by ) Tj ET Q q 0 0 0 rg BT 298.10 585.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 338.00 585.82 Td (to ) Tj ET Q q 0 0 0 rg BT 348.50 585.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 380.67 585.82 Td (3\(a\) ) Tj ET Q q 0 0 0 rg BT 399.48 585.82 Td (of ) Tj ET Q q 0 0 0 rg BT 410.53 585.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 434.92 585.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 458.20 585.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 479.24 585.82 Td (by ) Tj ET Q q 0 0 0 rg BT 491.96 585.82 Td (the ) Tj ET Q q 0 0 0 rg BT 506.90 585.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 585.82 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 575.82 Td (November ) Tj ET Q q 0 0 0 rg BT 165.21 575.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 175.21 575.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 200.21 575.82 Td (File ) Tj ET Q q 0 0 0 rg BT 218.26 575.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 235.49 575.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 550.82 Td (3\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 550.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.10 550.82 Td (Amended ) Tj ET Q q 0 0 0 rg BT 193.74 550.82 Td (and ) Tj ET Q q 0 0 0 rg BT 210.95 550.82 Td (Restated ) Tj ET Q q 0 0 0 rg BT 248.15 550.82 Td (Bylaws ) Tj ET Q q 0 0 0 rg BT 280.91 550.82 Td (of ) Tj ET Q q 0 0 0 rg BT 292.01 550.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 329.77 550.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 373.64 550.82 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 391.67 550.82 Td (as ) Tj ET Q q 0 0 0 rg BT 402.77 550.82 Td (of ) Tj ET Q q 0 0 0 rg BT 413.87 550.82 Td (November ) Tj ET Q q 0 0 0 rg BT 458.84 550.82 Td (4, ) Tj ET Q q 0 0 0 rg BT 469.11 550.82 Td (2014 ) Tj ET Q q 0 0 0 rg BT 491.88 550.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 550.82 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 540.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 540.82 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 540.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 540.82 Td (3\(b\) ) Tj ET Q q 0 0 0 rg BT 221.56 540.82 Td (of ) Tj ET Q q 0 0 0 rg BT 232.39 540.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 256.56 540.82 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 279.62 540.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 300.44 540.82 Td (by ) Tj ET Q q 0 0 0 rg BT 312.94 540.82 Td (the ) Tj ET Q q 0 0 0 rg BT 327.66 540.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 369.04 540.82 Td (on ) Tj ET Q q 0 0 0 rg BT 381.54 540.82 Td (November ) Tj ET Q q 0 0 0 rg BT 426.25 540.82 Td (7, ) Tj ET Q q 0 0 0 rg BT 436.25 540.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 461.25 540.82 Td (File ) Tj ET Q q 0 0 0 rg BT 479.31 540.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 496.53 540.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 515.82 Td (4\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 515.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.92 515.82 Td (for ) Tj ET Q q 0 0 0 rg BT 174.69 515.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 230.13 515.82 Td (Debt ) Tj ET Q q 0 0 0 rg BT 251.68 515.82 Td (Securities, ) Tj ET Q q 0 0 0 rg BT 295.72 515.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 319.48 515.82 Td (as ) Tj ET Q q 0 0 0 rg BT 329.92 515.82 Td (of ) Tj ET Q q 0 0 0 rg BT 340.36 515.82 Td (November ) Tj ET Q q 0 0 0 rg BT 384.68 515.82 Td (16, ) Tj ET Q q 0 0 0 rg BT 399.29 515.82 Td (2005, ) Tj ET Q q 0 0 0 rg BT 423.90 515.82 Td (by ) Tj ET Q q 0 0 0 rg BT 436.01 515.82 Td (and ) Tj ET Q q 0 0 0 rg BT 452.56 515.82 Td (among ) Tj ET Q q 0 0 0 rg BT 481.88 515.82 Td (Encore ) Tj ET Q q 0 0 0 rg BT 511.84 515.82 Td (Acquisition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 505.82 Td (Company) Tj ET Q q 0 0 0 rg BT 158.74 505.82 Td (, ) Tj ET Q q 0 0 0 rg BT 163.65 505.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 193.26 505.82 Td (of ) Tj ET Q q 0 0 0 rg BT 204.00 505.82 Td (its ) Tj ET Q q 0 0 0 rg BT 215.86 505.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 267.99 505.82 Td (and ) Tj ET Q q 0 0 0 rg BT 284.67 505.82 Td (W) Tj ET Q q 0 0 0 rg BT 293.30 505.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 309.60 505.82 Td (Far) Tj ET Q q 0 0 0 rg BT 322.75 505.82 Td (go ) Tj ET Q q 0 0 0 rg BT 335.16 505.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 361.18 505.82 Td (National ) Tj ET Q q 0 0 0 rg BT 397.49 505.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 449.62 505.82 Td (as ) Tj ET Q q 0 0 0 rg BT 460.19 505.82 Td (T) Tj ET Q q 0 0 0 rg BT 465.95 505.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 492.23 505.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 505.82 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 495.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 495.82 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 495.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 495.82 Td (4.3.1 ) Tj ET Q q 0 0 0 rg BT 224.90 495.82 Td (of ) Tj ET Q q 0 0 0 rg BT 235.73 495.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 259.90 495.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 277.96 495.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 298.78 495.82 Td (by ) Tj ET Q q 0 0 0 rg BT 311.28 495.82 Td (the ) Tj ET Q q 0 0 0 rg BT 326.00 495.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 367.38 495.82 Td (on ) Tj ET Q q 0 0 0 rg BT 379.88 495.82 Td (March ) Tj ET Q q 0 0 0 rg BT 408.48 495.82 Td (12, ) Tj ET Q q 0 0 0 rg BT 423.48 495.82 Td (2010, ) Tj ET Q q 0 0 0 rg BT 448.48 495.82 Td (File ) Tj ET Q q 0 0 0 rg BT 466.54 495.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 483.76 495.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 470.82 Td (4\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 470.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.08 470.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 198.32 470.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 238.87 470.82 Td (for ) Tj ET Q q 0 0 0 rg BT 252.78 470.82 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 280.85 470.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 309.20 470.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 364.77 470.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 390.34 470.82 Td (due ) Tj ET Q q 0 0 0 rg BT 407.02 470.82 Td (2017, ) Tj ET Q q 0 0 0 rg BT 431.76 470.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.66 470.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.24 470.82 Td (of ) Tj ET Q q 0 0 0 rg BT 476.81 470.82 Td (November ) Tj ET Q q 0 0 0 rg BT 521.26 470.82 Td (23, ) Tj ET Q q 0 0 0 rg BT 536.00 470.82 Td (2005, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 460.82 Td (by ) Tj ET Q q 0 0 0 rg BT 134.71 460.82 Td (and ) Tj ET Q q 0 0 0 rg BT 153.37 460.82 Td (among ) Tj ET Q q 0 0 0 rg BT 184.80 460.82 Td (Encore ) Tj ET Q q 0 0 0 rg BT 216.40 460.82 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 267.28 460.82 Td (Company) Tj ET Q q 0 0 0 rg BT 305.52 460.82 Td (, ) Tj ET Q q 0 0 0 rg BT 312.23 460.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.65 460.82 Td (of ) Tj ET Q q 0 0 0 rg BT 356.19 460.82 Td (its ) Tj ET Q q 0 0 0 rg BT 369.86 460.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 423.79 460.82 Td (and ) Tj ET Q q 0 0 0 rg BT 442.14 460.82 Td (W) Tj ET Q q 0 0 0 rg BT 450.78 460.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 468.88 460.82 Td (Far) Tj ET Q q 0 0 0 rg BT 482.03 460.82 Td (go ) Tj ET Q q 0 0 0 rg BT 496.24 460.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 524.06 460.82 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 450.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 172.05 450.82 Td (as ) Tj ET Q q 0 0 0 rg BT 182.07 450.82 Td (T) Tj ET Q q 0 0 0 rg BT 187.83 450.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 213.54 450.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 269.23 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 281.06 450.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.07 450.82 Td (to ) Tj ET Q q 0 0 0 rg BT 329.68 450.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 360.96 450.82 Td (4.3.2 ) Tj ET Q q 0 0 0 rg BT 382.79 450.82 Td (of ) Tj ET Q q 0 0 0 rg BT 392.95 450.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 416.45 450.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 433.83 450.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 453.98 450.82 Td (by ) Tj ET Q q 0 0 0 rg BT 465.81 450.82 Td (the ) Tj ET Q q 0 0 0 rg BT 479.86 450.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.58 450.82 Td (on ) Tj ET Q q 0 0 0 rg BT 532.41 450.82 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 440.82 Td (12, ) Tj ET Q q 0 0 0 rg BT 135.50 440.82 Td (2010, ) Tj ET Q q 0 0 0 rg BT 160.50 440.82 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 440.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 440.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 415.82 Td (4\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 415.82 Td (Second ) Tj ET Q q 0 0 0 rg BT 152.52 415.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 210.08 415.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 250.98 415.82 Td (for ) Tj ET Q q 0 0 0 rg BT 265.21 415.82 Td (7.25% ) Tj ET Q q 0 0 0 rg BT 293.62 415.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 322.31 415.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 378.21 415.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 404.12 415.82 Td (due ) Tj ET Q q 0 0 0 rg BT 421.13 415.82 Td (2017, ) Tj ET Q q 0 0 0 rg BT 446.21 415.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 470.44 415.82 Td (as ) Tj ET Q q 0 0 0 rg BT 481.35 415.82 Td (of ) Tj ET Q q 0 0 0 rg BT 492.25 415.82 Td (January ) Tj ET Q q 0 0 0 rg BT 525.93 415.82 Td (2, ) Tj ET Q q 0 0 0 rg BT 536.01 415.82 Td (2008, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 405.82 Td (by ) Tj ET Q q 0 0 0 rg BT 134.71 405.82 Td (and ) Tj ET Q q 0 0 0 rg BT 153.37 405.82 Td (among ) Tj ET Q q 0 0 0 rg BT 184.80 405.82 Td (Encore ) Tj ET Q q 0 0 0 rg BT 216.40 405.82 Td (Acquisition ) Tj ET Q q 0 0 0 rg BT 267.28 405.82 Td (Company) Tj ET Q q 0 0 0 rg BT 305.52 405.82 Td (, ) Tj ET Q q 0 0 0 rg BT 312.23 405.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 343.65 405.82 Td (of ) Tj ET Q q 0 0 0 rg BT 356.19 405.82 Td (its ) Tj ET Q q 0 0 0 rg BT 369.86 405.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 423.79 405.82 Td (and ) Tj ET Q q 0 0 0 rg BT 442.14 405.82 Td (W) Tj ET Q q 0 0 0 rg BT 450.78 405.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 468.88 405.82 Td (Far) Tj ET Q q 0 0 0 rg BT 482.03 405.82 Td (go ) Tj ET Q q 0 0 0 rg BT 496.24 405.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 524.06 405.82 Td (National ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 395.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 172.05 395.82 Td (as ) Tj ET Q q 0 0 0 rg BT 182.07 395.82 Td (T) Tj ET Q q 0 0 0 rg BT 187.83 395.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 213.54 395.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 269.23 395.82 Td (by ) Tj ET Q q 0 0 0 rg BT 281.06 395.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 320.07 395.82 Td (to ) Tj ET Q q 0 0 0 rg BT 329.68 395.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 360.96 395.82 Td (4.3.3 ) Tj ET Q q 0 0 0 rg BT 382.79 395.82 Td (of ) Tj ET Q q 0 0 0 rg BT 392.95 395.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 416.45 395.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 433.83 395.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 453.98 395.82 Td (by ) Tj ET Q q 0 0 0 rg BT 465.81 395.82 Td (the ) Tj ET Q q 0 0 0 rg BT 479.86 395.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 520.58 395.82 Td (on ) Tj ET Q q 0 0 0 rg BT 532.41 395.82 Td (March ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 385.82 Td (12, ) Tj ET Q q 0 0 0 rg BT 135.50 385.82 Td (2010, ) Tj ET Q q 0 0 0 rg BT 160.50 385.82 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 385.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 385.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 360.82 Td (4\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 360.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.69 360.82 Td (for ) Tj ET Q /GS0 gs q 22.70 0 0 10.09 174.22 358.66 cm /I31 Do Q q 0 0 0 rg BT 196.92 360.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 224.90 360.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 280.10 360.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 305.30 360.82 Td (due ) Tj ET Q q 0 0 0 rg BT 321.61 360.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 345.98 360.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 369.51 360.82 Td (as ) Tj ET Q q 0 0 0 rg BT 379.71 360.82 Td (of ) Tj ET Q q 0 0 0 rg BT 389.91 360.82 Td (February ) Tj ET Q q 0 0 0 rg BT 427.88 360.82 Td (17, ) Tj ET Q q 0 0 0 rg BT 442.25 360.82 Td (201) Tj ET Q q 0 0 0 rg BT 456.88 360.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 466.25 360.82 Td (by ) Tj ET Q q 0 0 0 rg BT 478.12 360.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.43 360.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 360.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 350.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 350.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 350.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 350.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 350.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 350.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 350.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 350.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 350.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 350.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 350.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 350.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 350.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 350.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 350.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 350.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 350.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 350.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 340.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 340.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 340.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 340.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 340.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 340.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 340.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 340.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 340.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 340.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 340.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 340.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 340.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 340.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 340.82 Td (22, ) Tj ET Q q 0 0 0 rg BT 438.48 340.82 Td (201) Tj ET Q q 0 0 0 rg BT 453.11 340.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 463.11 340.82 Td (File ) Tj ET Q q 0 0 0 rg BT 481.17 340.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 498.39 340.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 315.82 Td (4\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 315.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 315.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 315.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 315.82 Td (for ) Tj ET Q /GS0 gs q 23.48 0 0 10.09 254.41 313.66 cm /I32 Do Q q 0 0 0 rg BT 277.89 315.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 315.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 315.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 315.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 315.82 Td (2021, ) Tj ET Q q 0 0 0 rg BT 430.85 315.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 315.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 315.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 315.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 315.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 315.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 305.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 305.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 305.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 305.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 305.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 305.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 305.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 305.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 305.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 305.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 305.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 305.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 305.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 305.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 305.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 305.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 305.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 305.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 295.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.59 295.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.35 295.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.12 295.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.88 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.78 295.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 268.86 295.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.54 295.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 309.88 295.82 Td (4\(x\) ) Tj ET Q q 0 0 0 rg BT 328.44 295.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.67 295.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 362.24 295.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.69 295.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.91 295.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.81 295.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.93 295.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.71 295.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.61 295.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.61 295.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.00 295.82 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 285.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 285.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 285.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 260.82 Td (4\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 260.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.96 260.82 Td (for ) Tj ET Q /GS0 gs q 22.97 0 0 10.09 174.76 258.66 cm /I33 Do Q q 0 0 0 rg BT 197.74 260.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 225.99 260.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 281.46 260.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 306.93 260.82 Td (due ) Tj ET Q q 0 0 0 rg BT 323.51 260.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 348.16 260.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 371.96 260.82 Td (as ) Tj ET Q q 0 0 0 rg BT 382.43 260.82 Td (of ) Tj ET Q q 0 0 0 rg BT 392.90 260.82 Td (February ) Tj ET Q q 0 0 0 rg BT 431.14 260.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 440.79 260.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 465.43 260.82 Td (by ) Tj ET Q q 0 0 0 rg BT 477.58 260.82 Td (and ) Tj ET Q q 0 0 0 rg BT 494.16 260.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 260.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 250.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 250.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 250.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 250.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 250.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 250.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 250.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 250.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 250.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 250.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 250.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 250.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 250.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 250.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 250.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 250.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 250.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 250.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 240.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 240.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 240.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 240.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 240.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 240.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 240.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 240.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 240.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 240.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 240.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 240.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 240.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 240.82 Td (February ) Tj ET Q q 0 0 0 rg BT 423.48 240.82 Td (5, ) Tj ET Q q 0 0 0 rg BT 433.48 240.82 Td (2013, ) Tj ET Q q 0 0 0 rg BT 458.48 240.82 Td (File ) Tj ET Q q 0 0 0 rg BT 476.54 240.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 493.76 240.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 215.82 Td (4\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 215.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 215.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 215.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 215.82 Td (for ) Tj ET Q /GS0 gs q 23.48 0 0 10.09 254.41 213.66 cm /I34 Do Q q 0 0 0 rg BT 277.89 215.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 215.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 215.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 215.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 215.82 Td (2023, ) Tj ET Q q 0 0 0 rg BT 430.85 215.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 215.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 215.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 215.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 215.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 215.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 205.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 205.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 205.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 205.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 205.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 205.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 205.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 205.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 205.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 205.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 205.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 205.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 205.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 205.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 205.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 205.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 205.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 205.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 195.82 Td (as ) Tj ET Q q 0 0 0 rg BT 130.62 195.82 Td (T) Tj ET Q q 0 0 0 rg BT 136.38 195.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 162.18 195.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 217.98 195.82 Td (by ) Tj ET Q q 0 0 0 rg BT 229.91 195.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 269.02 195.82 Td (to ) Tj ET Q q 0 0 0 rg BT 278.73 195.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 310.10 195.82 Td (4\(z\) ) Tj ET Q q 0 0 0 rg BT 328.13 195.82 Td (of ) Tj ET Q q 0 0 0 rg BT 338.39 195.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 361.99 195.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 384.47 195.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 404.73 195.82 Td (by ) Tj ET Q q 0 0 0 rg BT 416.66 195.82 Td (the ) Tj ET Q q 0 0 0 rg BT 430.81 195.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 471.62 195.82 Td (on ) Tj ET Q q 0 0 0 rg BT 483.55 195.82 Td (February ) Tj ET Q q 0 0 0 rg BT 521.58 195.82 Td (27, ) Tj ET Q q 0 0 0 rg BT 536.01 195.82 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 185.82 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 185.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 185.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 160.82 Td (4\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 160.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 161.58 160.82 Td (for ) Tj ET Q q 0 0 0 rg BT 176.01 160.82 Td (5% ) Tj ET Q q 0 0 0 rg BT 199.61 160.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 228.48 160.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 284.58 160.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 310.67 160.82 Td (due ) Tj ET Q q 0 0 0 rg BT 327.88 160.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 353.15 160.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 377.57 160.82 Td (as ) Tj ET Q q 0 0 0 rg BT 388.67 160.82 Td (of ) Tj ET Q q 0 0 0 rg BT 399.16 160.82 Td (April ) Tj ET Q q 0 0 0 rg BT 423.03 160.82 Td (30, ) Tj ET Q q 0 0 0 rg BT 438.30 160.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 463.57 160.82 Td (by ) Tj ET Q q 0 0 0 rg BT 476.33 160.82 Td (and ) Tj ET Q q 0 0 0 rg BT 493.54 160.82 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 160.82 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 150.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.41 150.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 183.00 150.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 212.02 150.82 Td (of ) Tj ET Q q 0 0 0 rg BT 222.16 150.82 Td (its ) Tj ET Q q 0 0 0 rg BT 233.42 150.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.96 150.82 Td (and ) Tj ET Q q 0 0 0 rg BT 301.08 150.82 Td (W) Tj ET Q q 0 0 0 rg BT 309.72 150.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 325.42 150.82 Td (Far) Tj ET Q q 0 0 0 rg BT 338.57 150.82 Td (go ) Tj ET Q q 0 0 0 rg BT 350.38 150.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 375.81 150.82 Td (National ) Tj ET Q q 0 0 0 rg BT 411.66 150.82 Td (Association, ) Tj ET Q q 0 0 0 rg BT 463.19 150.82 Td (as ) Tj ET Q q 0 0 0 rg BT 473.20 150.82 Td (T) Tj ET Q q 0 0 0 rg BT 478.96 150.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 504.65 150.82 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 140.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 140.82 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 140.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 140.82 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 229.90 140.82 Td (of ) Tj ET Q q 0 0 0 rg BT 240.73 140.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 264.90 140.82 Td (8-K ) Tj ET Q q 0 0 0 rg BT 282.96 140.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 303.78 140.82 Td (by ) Tj ET Q q 0 0 0 rg BT 316.28 140.82 Td (the ) Tj ET Q q 0 0 0 rg BT 331.00 140.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 372.38 140.82 Td (on ) Tj ET Q q 0 0 0 rg BT 384.88 140.82 Td (May ) Tj ET Q q 0 0 0 rg BT 405.71 140.82 Td (1, ) Tj ET Q q 0 0 0 rg BT 415.71 140.82 Td (2014, ) Tj ET Q q 0 0 0 rg BT 440.71 140.82 Td (File ) Tj ET Q q 0 0 0 rg BT 458.77 140.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 475.99 140.82 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 115.82 Td (4\(i\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 115.82 Td (First ) Tj ET Q q 0 0 0 rg BT 141.49 115.82 Td (Supplemental ) Tj ET Q q 0 0 0 rg BT 199.13 115.82 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 240.10 115.82 Td (for ) Tj ET Q q 0 0 0 rg BT 254.41 115.82 Td (5% ) Tj ET Q q 0 0 0 rg BT 277.89 115.82 Td (Senior ) Tj ET Q q 0 0 0 rg BT 306.65 115.82 Td (Subordinated ) Tj ET Q q 0 0 0 rg BT 362.63 115.82 Td (Notes ) Tj ET Q q 0 0 0 rg BT 388.61 115.82 Td (due ) Tj ET Q q 0 0 0 rg BT 405.70 115.82 Td (2022, ) Tj ET Q q 0 0 0 rg BT 430.85 115.82 Td (dated ) Tj ET Q q 0 0 0 rg BT 455.16 115.82 Td (as ) Tj ET Q q 0 0 0 rg BT 466.14 115.82 Td (of ) Tj ET Q q 0 0 0 rg BT 477.12 115.82 Td (December ) Tj ET Q q 0 0 0 rg BT 520.86 115.82 Td (31, ) Tj ET Q q 0 0 0 rg BT 536.01 115.82 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 105.82 Td (by ) Tj ET Q q 0 0 0 rg BT 132.54 105.82 Td (and ) Tj ET Q q 0 0 0 rg BT 149.01 105.82 Td (among ) Tj ET Q q 0 0 0 rg BT 178.26 105.82 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 215.29 105.82 Td (Resources ) Tj ET Q q 0 0 0 rg BT 258.42 105.82 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 278.22 105.82 Td (certain ) Tj ET Q q 0 0 0 rg BT 307.46 105.82 Td (of ) Tj ET Q q 0 0 0 rg BT 317.83 105.82 Td (its ) Tj ET Q q 0 0 0 rg BT 329.31 105.82 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 381.06 105.82 Td (and ) Tj ET Q q 0 0 0 rg BT 397.39 105.82 Td (W) Tj ET Q q 0 0 0 rg BT 406.03 105.82 Td (ells ) Tj ET Q q 0 0 0 rg BT 421.95 105.82 Td (Far) Tj ET Q q 0 0 0 rg BT 435.10 105.82 Td (go ) Tj ET Q q 0 0 0 rg BT 447.13 105.82 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 472.78 105.82 Td (National ) Tj ET Q q 0 0 0 rg BT 508.79 105.82 Td (Association, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 95.82 Td (as ) Tj ET Q q 0 0 0 rg BT 131.65 95.82 Td (T) Tj ET Q q 0 0 0 rg BT 137.41 95.82 Td (rustee ) Tj ET Q q 0 0 0 rg BT 164.33 95.82 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 221.24 95.82 Td (by ) Tj ET Q q 0 0 0 rg BT 234.28 95.82 Td (reference ) Tj ET Q q 0 0 0 rg BT 274.51 95.82 Td (to ) Tj ET Q q 0 0 0 rg BT 285.33 95.82 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 317.82 95.82 Td (4\(bb\) ) Tj ET Q q 0 0 0 rg BT 342.53 95.82 Td (of ) Tj ET Q q 0 0 0 rg BT 353.90 95.82 Td (Form ) Tj ET Q q 0 0 0 rg BT 378.61 95.82 Td (10-K ) Tj ET Q q 0 0 0 rg BT 402.21 95.82 Td (filed ) Tj ET Q q 0 0 0 rg BT 423.58 95.82 Td (by ) Tj ET Q q 0 0 0 rg BT 436.63 95.82 Td (the ) Tj ET Q q 0 0 0 rg BT 451.89 95.82 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.82 95.82 Td (on ) Tj ET Q q 0 0 0 rg BT 506.86 95.82 Td (February ) Tj ET Q q 0 0 0 rg BT 546.00 95.82 Td (27, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 85.82 Td (2015, ) Tj ET Q q 0 0 0 rg BT 145.50 85.82 Td (File ) Tj ET Q q 0 0 0 rg BT 163.56 85.82 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.78 85.82 Td (001-12935\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 52.50 682.08 Td (Financial ) Tj ET Q q 0 0 0 rg BT 95.36 682.08 Td (Statements ) Tj ET Q q 0 0 0 rg BT 145.42 682.08 Td (and ) Tj ET Q q 0 0 0 rg BT 164.40 682.08 Td (Schedules.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.13 682.08 Td (Financial ) Tj ET Q q 0 0 0 rg BT 254.20 682.08 Td (statements ) Tj ET Q q 0 0 0 rg BT 299.26 682.08 Td (and ) Tj ET Q q 0 0 0 rg BT 316.55 682.08 Td (schedules ) Tj ET Q q 0 0 0 rg BT 358.28 682.08 Td (filed ) Tj ET Q q 0 0 0 rg BT 379.46 682.08 Td (as ) Tj ET Q q 0 0 0 rg BT 390.64 682.08 Td (a ) Tj ET Q q 0 0 0 rg BT 397.93 682.08 Td (part ) Tj ET Q q 0 0 0 rg BT 416.33 682.08 Td (of ) Tj ET Q q 0 0 0 rg BT 427.52 682.08 Td (this ) Tj ET Q q 0 0 0 rg BT 444.82 682.08 Td (report ) Tj ET Q q 0 0 0 rg BT 471.55 682.08 Td (are ) Tj ET Q q 0 0 0 rg BT 486.61 682.08 Td (presented ) Tj ET Q q 0 0 0 rg BT 527.78 682.08 Td (on ) Tj ET Q q 0 0 0 rg BT 540.63 682.08 Td (page ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 669.92 Td (65) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.50 669.92 Td (.) Tj ET Q q 0 0 0 rg BT 69.45 669.92 Td (All ) Tj ET Q q 0 0 0 rg BT 84.19 669.92 Td (financial ) Tj ET Q q 0 0 0 rg BT 121.13 669.92 Td (statement ) Tj ET Q q 0 0 0 rg BT 161.41 669.92 Td (schedules ) Tj ET Q q 0 0 0 rg BT 202.24 669.92 Td (have ) Tj ET Q q 0 0 0 rg BT 223.08 669.92 Td (been ) Tj ET Q q 0 0 0 rg BT 243.92 669.92 Td (omitted ) Tj ET Q q 0 0 0 rg BT 276.43 669.92 Td (because ) Tj ET Q q 0 0 0 rg BT 310.03 669.92 Td (they ) Tj ET Q q 0 0 0 rg BT 329.21 669.92 Td (are ) Tj ET Q q 0 0 0 rg BT 343.37 669.92 Td (not ) Tj ET Q q 0 0 0 rg BT 358.11 669.92 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 403.66 669.92 Td (or ) Tj ET Q q 0 0 0 rg BT 413.95 669.92 Td (the ) Tj ET Q q 0 0 0 rg BT 428.13 669.92 Td (required ) Tj ET Q q 0 0 0 rg BT 463.40 669.92 Td (information ) Tj ET Q q 0 0 0 rg BT 512.57 669.92 Td (is ) Tj ET Q q 0 0 0 rg BT 521.20 669.92 Td (presented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 657.92 Td (in ) Tj ET Q q 0 0 0 rg BT 62.78 657.92 Td (the ) Tj ET Q q 0 0 0 rg BT 77.50 657.92 Td (financial ) Tj ET Q q 0 0 0 rg BT 114.98 657.92 Td (statements ) Tj ET Q q 0 0 0 rg BT 159.69 657.92 Td (or ) Tj ET Q q 0 0 0 rg BT 170.52 657.92 Td (the ) Tj ET Q q 0 0 0 rg BT 185.23 657.92 Td (notes ) Tj ET Q q 0 0 0 rg BT 208.84 657.92 Td (to ) Tj ET Q q 0 0 0 rg BT 219.12 657.92 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 272.16 657.92 Td (financial ) Tj ET Q q 0 0 0 rg BT 309.64 657.92 Td (statements.) Tj ET Q endstream endobj 215 0 obj <> endobj 216 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (107) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (4\(j\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (Indenture ) Tj ET Q q 0 0 0 rg BT 160.40 709.57 Td (for ) Tj ET Q q 0 0 0 rg BT 173.64 709.57 Td (9% ) Tj ET Q q 0 0 0 rg BT 188.55 709.57 Td (Senior ) Tj ET Q q 0 0 0 rg BT 216.24 709.57 Td (Secured ) Tj ET Q q 0 0 0 rg BT 250.03 709.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 281.05 709.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 300.96 709.57 Td (Notes ) Tj ET Q q 0 0 0 rg BT 325.87 709.57 Td (due ) Tj ET Q q 0 0 0 rg BT 341.89 709.57 Td (2021, ) Tj ET Q q 0 0 0 rg BT 365.97 709.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 389.21 709.57 Td (as ) Tj ET Q q 0 0 0 rg BT 399.12 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 409.04 709.57 Td (May ) Tj ET Q q 0 0 0 rg BT 428.95 709.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 443.03 709.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 467.11 709.57 Td (by ) Tj ET Q q 0 0 0 rg BT 478.69 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.71 709.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.51 709.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.28 699.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 182.73 699.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 211.62 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 221.63 699.57 Td (its ) Tj ET Q q 0 0 0 rg BT 232.77 699.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 284.17 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 300.17 699.57 Td (W) Tj ET Q q 0 0 0 rg BT 309.20 699.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 349.66 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 355.41 699.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 374.60 699.57 Td (National ) Tj ET Q q 0 0 0 rg BT 410.34 699.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 461.74 699.57 Td (as ) Tj ET Q q 0 0 0 rg BT 471.64 699.57 Td (T) Tj ET Q q 0 0 0 rg BT 477.39 699.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 502.95 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 519.07 699.57 Td (Collateral ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 689.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 152.21 689.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 208.14 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 220.21 689.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.47 689.57 Td (to ) Tj ET Q q 0 0 0 rg BT 269.32 689.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 300.84 689.57 Td (4.1 ) Tj ET Q q 0 0 0 rg BT 315.41 689.57 Td (of ) Tj ET Q q 0 0 0 rg BT 325.81 689.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 349.56 689.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 367.18 689.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 387.58 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 399.65 689.57 Td (the ) Tj ET Q q 0 0 0 rg BT 413.94 689.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.90 689.57 Td (on ) Tj ET Q q 0 0 0 rg BT 466.97 689.57 Td (May ) Tj ET Q q 0 0 0 rg BT 487.38 689.57 Td (1) Tj ET Q q 0 0 0 rg BT 492.00 689.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 501.58 689.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 526.15 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 689.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 679.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.57 Td (10\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 162.16 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 179.39 654.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 216.61 654.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 243.78 654.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 293.49 654.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 317.93 654.57 Td (as ) Tj ET Q q 0 0 0 rg BT 329.05 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 340.17 654.57 Td (December ) Tj ET Q q 0 0 0 rg BT 384.04 654.57 Td (9, ) Tj ET Q q 0 0 0 rg BT 394.32 654.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 419.61 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 432.40 654.57 Td (and ) Tj ET Q q 0 0 0 rg BT 449.62 654.57 Td (among ) Tj ET Q q 0 0 0 rg BT 479.63 654.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 517.40 654.57 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 141.49 644.57 Td (as ) Tj ET Q q 0 0 0 rg BT 153.04 644.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 190.96 644.57 Td (, ) Tj ET Q q 0 0 0 rg BT 196.68 644.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 223.17 644.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 240.83 644.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 268.49 644.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 295.32 644.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 320.48 644.57 Td (as ) Tj ET Q q 0 0 0 rg BT 331.32 644.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 393.82 644.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 423.98 644.57 Td (and ) Tj ET Q q 0 0 0 rg BT 441.64 644.57 Td (the ) Tj ET Q q 0 0 0 rg BT 457.08 644.57 Td (lending ) Tj ET Q q 0 0 0 rg BT 490.29 644.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 537.96 644.57 Td (party ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 634.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 150.82 634.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 207.23 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 219.79 634.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.52 634.57 Td (to ) Tj ET Q q 0 0 0 rg BT 269.86 634.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 301.85 634.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 321.91 634.57 Td (of ) Tj ET Q q 0 0 0 rg BT 332.79 634.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 357.01 634.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 375.12 634.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 396.00 634.57 Td (by ) Tj ET Q q 0 0 0 rg BT 408.55 634.57 Td (the ) Tj ET Q q 0 0 0 rg BT 423.32 634.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 464.76 634.57 Td (on ) Tj ET Q q 0 0 0 rg BT 477.32 634.57 Td (December ) Tj ET Q q 0 0 0 rg BT 520.95 634.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 536.01 634.57 Td (2014, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 624.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 624.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 624.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 599.57 Td (10\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (First ) Tj ET Q q 0 0 0 rg BT 140.25 599.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 191.49 599.57 Td (to ) Tj ET Q q 0 0 0 rg BT 200.67 599.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 241.35 599.57 Td (and ) Tj ET Q q 0 0 0 rg BT 257.60 599.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 293.84 599.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 320.24 599.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 368.97 599.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 392.43 599.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.56 599.57 Td (of ) Tj ET Q q 0 0 0 rg BT 412.70 599.57 Td (May ) Tj ET Q q 0 0 0 rg BT 432.84 599.57 Td (4, ) Tj ET Q q 0 0 0 rg BT 442.14 599.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 466.45 599.57 Td (by ) Tj ET Q q 0 0 0 rg BT 478.25 599.57 Td (and ) Tj ET Q q 0 0 0 rg BT 494.50 599.57 Td (among ) Tj ET Q q 0 0 0 rg BT 523.52 599.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 589.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 162.94 589.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 182.04 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 191.71 589.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 229.63 589.57 Td (, ) Tj ET Q q 0 0 0 rg BT 233.46 589.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 259.96 589.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 275.73 589.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 301.51 589.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 326.46 589.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 349.74 589.57 Td (as ) Tj ET Q q 0 0 0 rg BT 359.11 589.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 420.14 589.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 448.41 589.57 Td (and ) Tj ET Q q 0 0 0 rg BT 464.19 589.57 Td (the ) Tj ET Q q 0 0 0 rg BT 477.74 589.57 Td (financial ) Tj ET Q q 0 0 0 rg BT 514.06 589.57 Td (institutions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 579.57 Td (party ) Tj ET Q q 0 0 0 rg BT 143.38 579.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 173.48 579.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 229.67 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 242.01 579.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 281.53 579.57 Td (to ) Tj ET Q q 0 0 0 rg BT 291.64 579.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 323.42 579.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 346.85 579.57 Td (of ) Tj ET Q q 0 0 0 rg BT 357.51 579.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 381.52 579.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 404.40 579.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 425.06 579.57 Td (by ) Tj ET Q q 0 0 0 rg BT 437.39 579.57 Td (the ) Tj ET Q q 0 0 0 rg BT 451.95 579.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 493.17 579.57 Td (on ) Tj ET Q q 0 0 0 rg BT 505.50 579.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.16 579.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 579.57 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 569.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 569.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 569.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 544.57 Td (10\(c\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 544.57 Td (Second ) Tj ET Q q 0 0 0 rg BT 151.49 544.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 202.92 544.57 Td (to ) Tj ET Q q 0 0 0 rg BT 212.26 544.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 253.13 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.56 544.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 305.99 544.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 332.54 544.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 381.46 544.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 405.12 544.57 Td (as ) Tj ET Q q 0 0 0 rg BT 415.44 544.57 Td (of ) Tj ET Q q 0 0 0 rg BT 425.77 544.57 Td (February ) Tj ET Q q 0 0 0 rg BT 463.86 544.57 Td (17, ) Tj ET Q q 0 0 0 rg BT 478.36 544.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 502.85 544.57 Td (by ) Tj ET Q q 0 0 0 rg BT 514.85 544.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 544.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 534.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 534.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 534.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 534.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 534.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 534.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 534.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 534.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 534.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 534.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 534.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 534.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 534.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 534.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 534.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 534.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 168.36 524.57 Td (party ) Tj ET Q q 0 0 0 rg BT 192.31 524.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 223.48 524.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 280.75 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 294.15 524.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 334.74 524.57 Td (to ) Tj ET Q q 0 0 0 rg BT 345.93 524.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 378.78 524.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 399.68 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 411.42 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 436.49 524.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 455.45 524.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 477.18 524.57 Td (by ) Tj ET Q q 0 0 0 rg BT 490.59 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 506.21 524.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.50 524.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 514.57 Td (February ) Tj ET Q q 0 0 0 rg BT 159.10 514.57 Td (23, ) Tj ET Q q 0 0 0 rg BT 174.10 514.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 199.10 514.57 Td (File ) Tj ET Q q 0 0 0 rg BT 217.16 514.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 234.38 514.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.57 Td (10\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (Third ) Tj ET Q q 0 0 0 rg BT 145.44 489.57 Td (Amendment ) Tj ET Q q 0 0 0 rg BT 198.37 489.57 Td (to ) Tj ET Q q 0 0 0 rg BT 208.87 489.57 Td (Amended ) Tj ET Q q 0 0 0 rg BT 251.24 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 269.18 489.57 Td (Restated ) Tj ET Q q 0 0 0 rg BT 307.11 489.57 Td (Credit ) Tj ET Q q 0 0 0 rg BT 334.82 489.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 385.24 489.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 410.39 489.57 Td (as ) Tj ET Q q 0 0 0 rg BT 422.22 489.57 Td (of ) Tj ET Q q 0 0 0 rg BT 433.27 489.57 Td (April ) Tj ET Q q 0 0 0 rg BT 457.88 489.57 Td (18, ) Tj ET Q q 0 0 0 rg BT 473.87 489.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 499.87 489.57 Td (by ) Tj ET Q q 0 0 0 rg BT 513.36 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 531.29 489.57 Td (among ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 157.52 479.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 200.66 479.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 220.46 479.57 Td (as ) Tj ET Q q 0 0 0 rg BT 230.82 479.57 Td (Borrower) Tj ET Q q 0 0 0 rg BT 268.74 479.57 Td (, ) Tj ET Q q 0 0 0 rg BT 273.28 479.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 299.77 479.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 316.24 479.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 342.71 479.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 368.36 479.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 392.33 479.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.25 479.57 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 463.82 479.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 492.80 479.57 Td (and ) Tj ET Q q 0 0 0 rg BT 509.27 479.57 Td (the ) Tj ET Q q 0 0 0 rg BT 523.52 479.57 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 469.57 Td (institutions ) Tj ET Q q 0 0 0 rg BT 166.94 469.57 Td (party ) Tj ET Q q 0 0 0 rg BT 189.48 469.57 Td (thereto ) Tj ET Q q 0 0 0 rg BT 219.23 469.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 275.08 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 287.07 469.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 326.25 469.57 Td (to ) Tj ET Q q 0 0 0 rg BT 336.02 469.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 367.45 469.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 386.94 469.57 Td (of ) Tj ET Q q 0 0 0 rg BT 397.26 469.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 420.92 469.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 438.46 469.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 458.77 469.57 Td (by ) Tj ET Q q 0 0 0 rg BT 470.76 469.57 Td (the ) Tj ET Q q 0 0 0 rg BT 484.97 469.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.85 469.57 Td (on ) Tj ET Q q 0 0 0 rg BT 537.40 469.57 Td (April ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 459.57 Td (20, ) Tj ET Q q 0 0 0 rg BT 135.50 459.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 459.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 459.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 459.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 434.57 Td (10\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 162.64 434.57 Td (T) Tj ET Q q 0 0 0 rg BT 168.39 434.57 Td (rust ) Tj ET Q q 0 0 0 rg BT 185.67 434.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 235.51 434.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 260.08 434.57 Td (as ) Tj ET Q q 0 0 0 rg BT 271.33 434.57 Td (of ) Tj ET Q q 0 0 0 rg BT 282.58 434.57 Td (May ) Tj ET Q q 0 0 0 rg BT 303.83 434.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 319.25 434.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 344.67 434.57 Td (by ) Tj ET Q q 0 0 0 rg BT 357.59 434.57 Td (and ) Tj ET Q q 0 0 0 rg BT 374.95 434.57 Td (among ) Tj ET Q q 0 0 0 rg BT 405.08 434.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 442.99 434.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 487.01 434.57 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 507.70 434.57 Td (certain ) Tj ET Q q 0 0 0 rg BT 537.82 434.57 Td (of ) Tj ET Q q 0 0 0 rg BT 549.07 434.57 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 424.57 Td (subsidiaries, ) Tj ET Q q 0 0 0 rg BT 173.10 424.57 Td (and ) Tj ET Q q 0 0 0 rg BT 190.22 424.57 Td (W) Tj ET Q q 0 0 0 rg BT 199.26 424.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 240.83 424.57 Td (T) Tj ET Q q 0 0 0 rg BT 246.59 424.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 266.98 424.57 Td (National ) Tj ET Q q 0 0 0 rg BT 303.66 424.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 356.27 424.57 Td (as ) Tj ET Q q 0 0 0 rg BT 367.28 424.57 Td (T) Tj ET Q q 0 0 0 rg BT 373.03 424.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 399.80 424.57 Td (and ) Tj ET Q q 0 0 0 rg BT 417.13 424.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 459.23 424.57 Td (T) Tj ET Q q 0 0 0 rg BT 464.99 424.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 491.76 424.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 548.51 424.57 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 414.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 160.18 414.57 Td (to ) Tj ET Q q 0 0 0 rg BT 170.46 414.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 202.40 414.57 Td (10.1 ) Tj ET Q q 0 0 0 rg BT 222.40 414.57 Td (of ) Tj ET Q q 0 0 0 rg BT 233.23 414.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 257.40 414.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 275.46 414.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 296.28 414.57 Td (by ) Tj ET Q q 0 0 0 rg BT 308.78 414.57 Td (the ) Tj ET Q q 0 0 0 rg BT 323.50 414.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 364.88 414.57 Td (on ) Tj ET Q q 0 0 0 rg BT 377.38 414.57 Td (May ) Tj ET Q q 0 0 0 rg BT 398.21 414.57 Td (1) Tj ET Q q 0 0 0 rg BT 402.84 414.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 412.84 414.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 437.84 414.57 Td (File ) Tj ET Q q 0 0 0 rg BT 455.90 414.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 473.12 414.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 389.57 Td (10\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (Intercreditor ) Tj ET Q q 0 0 0 rg BT 172.54 389.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 222.12 389.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 246.43 389.57 Td (as ) Tj ET Q q 0 0 0 rg BT 257.41 389.57 Td (of ) Tj ET Q q 0 0 0 rg BT 268.40 389.57 Td (May ) Tj ET Q q 0 0 0 rg BT 289.39 389.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 304.54 389.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 329.70 389.57 Td (by ) Tj ET Q q 0 0 0 rg BT 342.35 389.57 Td (and ) Tj ET Q q 0 0 0 rg BT 359.44 389.57 Td (between ) Tj ET Q q 0 0 0 rg BT 395.42 389.57 Td (JPMor) Tj ET Q q 0 0 0 rg BT 421.91 389.57 Td (gan ) Tj ET Q q 0 0 0 rg BT 439.00 389.57 Td (Chase ) Tj ET Q q 0 0 0 rg BT 466.10 389.57 Td (Bank, ) Tj ET Q q 0 0 0 rg BT 492.36 389.57 Td (N.A., ) Tj ET Q q 0 0 0 rg BT 516.96 389.57 Td (as ) Tj ET Q q 0 0 0 rg BT 527.94 389.57 Td (Priority ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 379.57 Td (Lien ) Tj ET Q q 0 0 0 rg BT 141.15 379.57 Td (Agent, ) Tj ET Q q 0 0 0 rg BT 171.06 379.57 Td (and ) Tj ET Q q 0 0 0 rg BT 188.26 379.57 Td (W) Tj ET Q q 0 0 0 rg BT 197.30 379.57 Td (ilmington ) Tj ET Q q 0 0 0 rg BT 238.95 379.57 Td (T) Tj ET Q q 0 0 0 rg BT 244.71 379.57 Td (rust, ) Tj ET Q q 0 0 0 rg BT 265.19 379.57 Td (National ) Tj ET Q q 0 0 0 rg BT 301.94 379.57 Td (Association, ) Tj ET Q q 0 0 0 rg BT 354.64 379.57 Td (as ) Tj ET Q q 0 0 0 rg BT 365.94 379.57 Td (Collateral ) Tj ET Q q 0 0 0 rg BT 408.14 379.57 Td (T) Tj ET Q q 0 0 0 rg BT 413.89 379.57 Td (rustee ) Tj ET Q q 0 0 0 rg BT 440.75 379.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 497.59 379.57 Td (by ) Tj ET Q q 0 0 0 rg BT 510.56 379.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 550.72 379.57 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 369.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 152.44 369.57 Td (10.2 ) Tj ET Q q 0 0 0 rg BT 172.44 369.57 Td (of ) Tj ET Q q 0 0 0 rg BT 183.27 369.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 207.44 369.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 225.50 369.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 246.32 369.57 Td (by ) Tj ET Q q 0 0 0 rg BT 258.82 369.57 Td (the ) Tj ET Q q 0 0 0 rg BT 273.54 369.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 314.92 369.57 Td (on ) Tj ET Q q 0 0 0 rg BT 327.42 369.57 Td (May ) Tj ET Q q 0 0 0 rg BT 348.25 369.57 Td (1) Tj ET Q q 0 0 0 rg BT 352.88 369.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 362.88 369.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 387.88 369.57 Td (File ) Tj ET Q q 0 0 0 rg BT 405.94 369.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 423.16 369.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 344.57 Td (10\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 344.57 Td (Pipeline ) Tj ET Q q 0 0 0 rg BT 155.35 344.57 Td (Financing ) Tj ET Q q 0 0 0 rg BT 197.43 344.57 Td (Lease ) Tj ET Q q 0 0 0 rg BT 222.37 344.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 271.37 344.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 295.11 344.57 Td (as ) Tj ET Q q 0 0 0 rg BT 305.52 344.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.93 344.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.35 344.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 350.93 344.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 375.51 344.57 Td (by ) Tj ET Q q 0 0 0 rg BT 387.59 344.57 Td (and ) Tj ET Q q 0 0 0 rg BT 404.11 344.57 Td (between ) Tj ET Q q 0 0 0 rg BT 439.51 344.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 473.25 344.57 Td (NEJD ) Tj ET Q q 0 0 0 rg BT 499.77 344.57 Td (Pipeline, ) Tj ET Q q 0 0 0 rg BT 537.13 344.57 Td (LLC, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 334.57 Td (as ) Tj ET Q q 0 0 0 rg BT 131.10 334.57 Td (Lessor) Tj ET Q q 0 0 0 rg BT 157.36 334.57 Td (, ) Tj ET Q q 0 0 0 rg BT 162.12 334.57 Td (and ) Tj ET Q q 0 0 0 rg BT 178.83 334.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 216.09 334.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 254.74 334.57 Td (LLC, ) Tj ET Q q 0 0 0 rg BT 278.39 334.57 Td (as ) Tj ET Q q 0 0 0 rg BT 288.99 334.57 Td (Lessee ) Tj ET Q q 0 0 0 rg BT 318.46 334.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 374.59 334.57 Td (by ) Tj ET Q q 0 0 0 rg BT 386.86 334.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 426.31 334.57 Td (to ) Tj ET Q q 0 0 0 rg BT 436.35 334.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 468.06 334.57 Td (99.1 ) Tj ET Q q 0 0 0 rg BT 487.83 334.57 Td (of ) Tj ET Q q 0 0 0 rg BT 498.43 334.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 522.36 334.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 540.18 334.57 Td (filed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 324.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 324.57 Td (the ) Tj ET Q q 0 0 0 rg BT 147.72 324.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.10 324.57 Td (on ) Tj ET Q q 0 0 0 rg BT 201.60 324.57 Td (June ) Tj ET Q q 0 0 0 rg BT 222.43 324.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 232.43 324.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 257.43 324.57 Td (File ) Tj ET Q q 0 0 0 rg BT 275.49 324.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 292.71 324.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 299.57 Td (10\(h\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 299.57 Td (T) Tj ET Q q 0 0 0 rg BT 126.26 299.57 Td (ransportation ) Tj ET Q q 0 0 0 rg BT 182.04 299.57 Td (Services ) Tj ET Q q 0 0 0 rg BT 218.26 299.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 268.21 299.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 292.88 299.57 Td (as ) Tj ET Q q 0 0 0 rg BT 304.22 299.57 Td (of ) Tj ET Q q 0 0 0 rg BT 315.57 299.57 Td (May ) Tj ET Q q 0 0 0 rg BT 336.92 299.57 Td (30, ) Tj ET Q q 0 0 0 rg BT 352.43 299.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 377.95 299.57 Td (by ) Tj ET Q q 0 0 0 rg BT 390.97 299.57 Td (and ) Tj ET Q q 0 0 0 rg BT 408.42 299.57 Td (between ) Tj ET Q q 0 0 0 rg BT 444.75 299.57 Td (Genesis ) Tj ET Q q 0 0 0 rg BT 479.43 299.57 Td (Free ) Tj ET Q q 0 0 0 rg BT 500.22 299.57 Td (State ) Tj ET Q q 0 0 0 rg BT 523.23 299.57 Td (Pipeline, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 289.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 141.37 289.57 Td (and ) Tj ET Q q 0 0 0 rg BT 157.79 289.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 194.76 289.57 Td (Onshore, ) Tj ET Q q 0 0 0 rg BT 233.12 289.57 Td (LLC ) Tj ET Q q 0 0 0 rg BT 253.99 289.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 309.83 289.57 Td (by ) Tj ET Q q 0 0 0 rg BT 321.82 289.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 360.98 289.57 Td (to ) Tj ET Q q 0 0 0 rg BT 370.74 289.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 402.17 289.57 Td (99.2 ) Tj ET Q q 0 0 0 rg BT 421.65 289.57 Td (of ) Tj ET Q q 0 0 0 rg BT 431.96 289.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 455.61 289.57 Td (8-K ) Tj ET Q q 0 0 0 rg BT 473.14 289.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 493.45 289.57 Td (by ) Tj ET Q q 0 0 0 rg BT 505.43 289.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 289.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 279.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 279.57 Td (June ) Tj ET Q q 0 0 0 rg BT 153.83 279.57 Td (5, ) Tj ET Q q 0 0 0 rg BT 163.83 279.57 Td (2008, ) Tj ET Q q 0 0 0 rg BT 188.83 279.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 279.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 279.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 254.57 Td (10\(i\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 254.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 144.94 254.57 Td (of ) Tj ET Q q 0 0 0 rg BT 156.04 254.57 Td (Indemnification ) Tj ET Q q 0 0 0 rg BT 222.06 254.57 Td (Agreement, ) Tj ET Q q 0 0 0 rg BT 271.75 254.57 Td (dated ) Tj ET Q q 0 0 0 rg BT 296.18 254.57 Td (as ) Tj ET Q q 0 0 0 rg BT 307.28 254.57 Td (of ) Tj ET Q q 0 0 0 rg BT 318.38 254.57 Td (July ) Tj ET Q q 0 0 0 rg BT 337.81 254.57 Td (28, ) Tj ET Q q 0 0 0 rg BT 353.08 254.57 Td (1999, ) Tj ET Q q 0 0 0 rg BT 378.35 254.57 Td (by ) Tj ET Q q 0 0 0 rg BT 391.12 254.57 Td (and ) Tj ET Q q 0 0 0 rg BT 408.33 254.57 Td (between ) Tj ET Q q 0 0 0 rg BT 444.41 254.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 482.17 254.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 526.04 254.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 544.07 254.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 244.57 Td (its ) Tj ET Q q 0 0 0 rg BT 131.73 244.57 Td (of) Tj ET Q q 0 0 0 rg BT 139.88 244.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 163.86 244.57 Td (and ) Tj ET Q q 0 0 0 rg BT 180.08 244.57 Td (directors ) Tj ET Q q 0 0 0 rg BT 216.85 244.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 272.49 244.57 Td (by ) Tj ET Q q 0 0 0 rg BT 284.27 244.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 323.23 244.57 Td (to ) Tj ET Q q 0 0 0 rg BT 332.79 244.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 364.01 244.57 Td (10 ) Tj ET Q q 0 0 0 rg BT 375.79 244.57 Td (of ) Tj ET Q q 0 0 0 rg BT 385.90 244.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 409.35 244.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 431.68 244.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 451.79 244.57 Td (by ) Tj ET Q q 0 0 0 rg BT 463.57 244.57 Td (the ) Tj ET Q q 0 0 0 rg BT 477.57 244.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 518.23 244.57 Td (on ) Tj ET Q q 0 0 0 rg BT 529.62 244.57 Td (August ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 234.57 Td (1) Tj ET Q q 0 0 0 rg BT 125.13 234.57 Td (1, ) Tj ET Q q 0 0 0 rg BT 135.13 234.57 Td (1999, ) Tj ET Q q 0 0 0 rg BT 160.13 234.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.19 234.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.41 234.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 209.57 Td (10\(j\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 209.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 159.98 209.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 205.56 209.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 225.32 209.57 Td (Director ) Tj ET Q q 0 0 0 rg BT 263.12 209.57 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 303.14 209.57 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 365.40 209.57 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 390.17 209.57 Td (as ) Tj ET Q q 0 0 0 rg BT 402.98 209.57 Td (amended ) Tj ET Q q 0 0 0 rg BT 443.57 209.57 Td (and ) Tj ET Q q 0 0 0 rg BT 462.49 209.57 Td (restated ) Tj ET Q q 0 0 0 rg BT 498.07 209.57 Td (ef) Tj ET Q q 0 0 0 rg BT 505.66 209.57 Td (fective ) Tj ET Q q 0 0 0 rg BT 537.35 209.57 Td (as ) Tj ET Q q 0 0 0 rg BT 550.17 209.57 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 199.57 Td (December ) Tj ET Q q 0 0 0 rg BT 163.39 199.57 Td (16, ) Tj ET Q q 0 0 0 rg BT 177.69 199.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 199.49 199.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 255.15 199.57 Td (by ) Tj ET Q q 0 0 0 rg BT 266.96 199.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 305.94 199.57 Td (to ) Tj ET Q q 0 0 0 rg BT 315.52 199.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 346.76 199.57 Td (10\(i\) ) Tj ET Q q 0 0 0 rg BT 368.00 199.57 Td (of ) Tj ET Q q 0 0 0 rg BT 378.14 199.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 401.61 199.57 Td (10-K ) Tj ET Q q 0 0 0 rg BT 423.96 199.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 444.09 199.57 Td (by ) Tj ET Q q 0 0 0 rg BT 455.89 199.57 Td (the ) Tj ET Q q 0 0 0 rg BT 469.91 199.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 510.60 199.57 Td (on ) Tj ET Q q 0 0 0 rg BT 522.40 199.57 Td (February ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 189.57 Td (26, ) Tj ET Q q 0 0 0 rg BT 135.50 189.57 Td (2016, ) Tj ET Q q 0 0 0 rg BT 160.50 189.57 Td (File ) Tj ET Q q 0 0 0 rg BT 178.56 189.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 195.78 189.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (108) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (10\(m\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 142.02 709.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 165.21 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 175.05 709.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 217.11 709.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 241.07 709.57 Td (A) Tj ET Q q 0 0 0 rg BT 247.38 709.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 268.88 709.57 Td (that ) Tj ET Q q 0 0 0 rg BT 285.40 709.57 Td (vests ) Tj ET Q q 0 0 0 rg BT 306.92 709.57 Td (on ) Tj ET Q q 0 0 0 rg BT 318.43 709.57 Td (retirement ) Tj ET Q q 0 0 0 rg BT 361.04 709.57 Td (for ) Tj ET Q q 0 0 0 rg BT 374.22 709.57 Td (grants ) Tj ET Q q 0 0 0 rg BT 400.17 709.57 Td (to ) Tj ET Q q 0 0 0 rg BT 409.47 709.57 Td (of) Tj ET Q q 0 0 0 rg BT 417.62 709.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 441.34 709.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 477.30 709.57 Td (to ) Tj ET Q q 0 0 0 rg BT 486.59 709.57 Td (the ) Tj ET Q q 0 0 0 rg BT 500.33 709.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 521.85 709.57 Td (Omnibus ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 145.89 699.57 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 699.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 202.75 699.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 223.14 699.57 Td (for ) Tj ET Q q 0 0 0 rg BT 237.41 699.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 275.01 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 318.72 699.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 336.59 699.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 393.07 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 405.68 699.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 445.47 699.57 Td (to ) Tj ET Q q 0 0 0 rg BT 455.86 699.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 487.91 699.57 Td (10\(l\) ) Tj ET Q q 0 0 0 rg BT 509.96 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 520.90 699.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 545.18 699.57 Td (10-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (K ) Tj ET Q q 0 0 0 rg BT 130.22 689.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 151.05 689.57 Td (by ) Tj ET Q q 0 0 0 rg BT 163.55 689.57 Td (the ) Tj ET Q q 0 0 0 rg BT 178.26 689.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 219.65 689.57 Td (on ) Tj ET Q q 0 0 0 rg BT 232.15 689.57 Td (March ) Tj ET Q q 0 0 0 rg BT 260.75 689.57 Td (15, ) Tj ET Q q 0 0 0 rg BT 275.75 689.57 Td (2005, ) Tj ET Q q 0 0 0 rg BT 300.75 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 318.81 689.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 336.03 689.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.57 Td (10\(n\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 664.57 Td (2012 ) Tj ET Q q 0 0 0 rg BT 142.58 664.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.32 664.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.73 664.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 229.89 664.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 254.29 664.57 Td (A) Tj ET Q q 0 0 0 rg BT 260.59 664.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 282.66 664.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 319.17 664.57 Td (to ) Tj ET Q q 0 0 0 rg BT 329.03 664.57 Td (the ) Tj ET Q q 0 0 0 rg BT 343.32 664.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 365.40 664.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 404.14 664.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 429.00 664.57 Td (and ) Tj ET Q q 0 0 0 rg BT 445.51 664.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.79 664.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.65 664.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 654.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 654.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 654.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 238.50 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.33 654.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 273.50 654.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 296.55 654.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.38 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 329.88 654.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 654.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.98 654.57 Td (on ) Tj ET Q q 0 0 0 rg BT 398.48 654.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.31 654.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.31 654.57 Td (2012, ) Tj ET Q q 0 0 0 rg BT 459.31 654.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.37 654.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 494.59 654.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 629.57 Td (10\(o\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 629.57 Td (2012 ) Tj ET Q q 0 0 0 rg BT 142.76 629.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.70 629.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.29 629.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 230.64 629.57 Td (Cash ) Tj ET Q q 0 0 0 rg BT 252.41 629.57 Td (A) Tj ET Q q 0 0 0 rg BT 258.71 629.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 280.97 629.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 317.67 629.57 Td (to ) Tj ET Q q 0 0 0 rg BT 327.71 629.57 Td (the ) Tj ET Q q 0 0 0 rg BT 342.19 629.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 364.46 629.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 403.39 629.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 428.44 629.57 Td (and ) Tj ET Q q 0 0 0 rg BT 445.14 629.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.61 629.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.65 629.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 619.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 619.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 619.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 619.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 619.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 239.06 619.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.89 619.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 274.06 619.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 297.12 619.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.94 619.57 Td (by ) Tj ET Q q 0 0 0 rg BT 330.44 619.57 Td (the ) Tj ET Q q 0 0 0 rg BT 345.16 619.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 386.54 619.57 Td (on ) Tj ET Q q 0 0 0 rg BT 399.04 619.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.88 619.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.88 619.57 Td (2012, ) Tj ET Q q 0 0 0 rg BT 459.88 619.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.93 619.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 495.15 619.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 594.57 Td (10\(p\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 594.57 Td (2012 ) Tj ET Q q 0 0 0 rg BT 142.89 594.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.95 594.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.49 594.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 198.22 594.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 251.16 594.57 Td (A) Tj ET Q q 0 0 0 rg BT 257.47 594.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.84 594.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 316.67 594.57 Td (to ) Tj ET Q q 0 0 0 rg BT 326.84 594.57 Td (the ) Tj ET Q q 0 0 0 rg BT 341.44 594.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 363.83 594.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 402.89 594.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 428.05 594.57 Td (and ) Tj ET Q q 0 0 0 rg BT 444.88 594.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.47 594.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.63 594.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 584.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 584.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 584.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 584.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 584.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 238.50 584.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.33 584.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 273.50 584.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 296.55 584.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.38 584.57 Td (by ) Tj ET Q q 0 0 0 rg BT 329.88 584.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 584.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.98 584.57 Td (on ) Tj ET Q q 0 0 0 rg BT 398.48 584.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.31 584.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.31 584.57 Td (2012, ) Tj ET Q q 0 0 0 rg BT 459.31 584.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.37 584.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 494.59 584.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 559.57 Td (10\(q\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 559.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 142.58 559.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.32 559.57 Td (of ) Tj ET Q q 0 0 0 rg BT 176.73 559.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 229.89 559.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 254.28 559.57 Td (A) Tj ET Q q 0 0 0 rg BT 260.58 559.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 282.65 559.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 319.16 559.57 Td (to ) Tj ET Q q 0 0 0 rg BT 329.02 559.57 Td (the ) Tj ET Q q 0 0 0 rg BT 343.31 559.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 365.39 559.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 404.13 559.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 428.99 559.57 Td (and ) Tj ET Q q 0 0 0 rg BT 445.50 559.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.78 559.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.64 559.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 549.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 549.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 549.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 549.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 549.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 238.50 549.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.33 549.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 273.50 549.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 296.55 549.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.38 549.57 Td (by ) Tj ET Q q 0 0 0 rg BT 329.88 549.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 549.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.98 549.57 Td (on ) Tj ET Q q 0 0 0 rg BT 398.48 549.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.31 549.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.31 549.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 459.31 549.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.37 549.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 494.59 549.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 524.57 Td (10\(r\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 524.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 142.76 524.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.70 524.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.29 524.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 230.64 524.57 Td (Cash ) Tj ET Q q 0 0 0 rg BT 252.41 524.57 Td (A) Tj ET Q q 0 0 0 rg BT 258.71 524.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 280.97 524.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 317.67 524.57 Td (to ) Tj ET Q q 0 0 0 rg BT 327.71 524.57 Td (the ) Tj ET Q q 0 0 0 rg BT 342.19 524.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 364.46 524.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 403.39 524.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 428.44 524.57 Td (and ) Tj ET Q q 0 0 0 rg BT 445.14 524.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.61 524.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.65 524.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 514.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 514.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 514.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 514.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 514.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 239.06 514.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.89 514.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 274.06 514.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 297.12 514.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.94 514.57 Td (by ) Tj ET Q q 0 0 0 rg BT 330.44 514.57 Td (the ) Tj ET Q q 0 0 0 rg BT 345.16 514.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 386.54 514.57 Td (on ) Tj ET Q q 0 0 0 rg BT 399.04 514.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.88 514.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.88 514.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 459.88 514.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.93 514.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 495.15 514.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 489.57 Td (10\(s\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 489.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 142.89 489.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.95 489.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.49 489.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 198.22 489.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 251.16 489.57 Td (A) Tj ET Q q 0 0 0 rg BT 257.47 489.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.84 489.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 316.67 489.57 Td (to ) Tj ET Q q 0 0 0 rg BT 326.84 489.57 Td (the ) Tj ET Q q 0 0 0 rg BT 341.44 489.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 363.83 489.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 402.89 489.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 428.05 489.57 Td (and ) Tj ET Q q 0 0 0 rg BT 444.88 489.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 484.47 489.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 504.63 489.57 Td (\(incorporated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 479.57 Td (by ) Tj ET Q q 0 0 0 rg BT 133.00 479.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 172.68 479.57 Td (to ) Tj ET Q q 0 0 0 rg BT 182.96 479.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 214.90 479.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 238.50 479.57 Td (of ) Tj ET Q q 0 0 0 rg BT 249.33 479.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 273.50 479.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 296.55 479.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 317.38 479.57 Td (by ) Tj ET Q q 0 0 0 rg BT 329.88 479.57 Td (the ) Tj ET Q q 0 0 0 rg BT 344.60 479.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 385.98 479.57 Td (on ) Tj ET Q q 0 0 0 rg BT 398.48 479.57 Td (May ) Tj ET Q q 0 0 0 rg BT 419.31 479.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 434.31 479.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 459.31 479.57 Td (File ) Tj ET Q q 0 0 0 rg BT 477.37 479.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 494.59 479.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 454.57 Td (10\(t\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 454.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 143.19 454.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.55 454.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.58 454.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 203.45 454.57 Td (Appreciation ) Tj ET Q q 0 0 0 rg BT 258.35 454.57 Td (Rights ) Tj ET Q q 0 0 0 rg BT 286.56 454.57 Td (Agreement ) Tj ET Q q 0 0 0 rg BT 333.68 454.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 370.81 454.57 Td (to ) Tj ET Q q 0 0 0 rg BT 381.28 454.57 Td (the ) Tj ET Q q 0 0 0 rg BT 396.19 454.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 418.88 454.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 458.24 454.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 483.71 454.57 Td (and ) Tj ET Q q 0 0 0 rg BT 500.84 454.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.73 454.57 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 444.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 177.42 444.57 Td (by ) Tj ET Q q 0 0 0 rg BT 190.48 444.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 230.72 444.57 Td (to ) Tj ET Q q 0 0 0 rg BT 241.56 444.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 274.06 444.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 298.21 444.57 Td (of ) Tj ET Q q 0 0 0 rg BT 309.60 444.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 334.33 444.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 357.94 444.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 379.32 444.57 Td (by ) Tj ET Q q 0 0 0 rg BT 392.38 444.57 Td (the ) Tj ET Q q 0 0 0 rg BT 407.66 444.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.60 444.57 Td (on ) Tj ET Q q 0 0 0 rg BT 462.66 444.57 Td (May ) Tj ET Q q 0 0 0 rg BT 484.05 444.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 499.61 444.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 525.16 444.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.78 444.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 434.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 409.57 Td (10\(u\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 409.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 144.11 409.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 169.39 409.57 Td (of ) Tj ET Q q 0 0 0 rg BT 181.33 409.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 225.48 409.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 251.06 409.57 Td (A) Tj ET Q q 0 0 0 rg BT 257.37 409.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 280.97 409.57 Td (to ) Tj ET Q q 0 0 0 rg BT 292.35 409.57 Td (of) Tj ET Q q 0 0 0 rg BT 300.50 409.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 326.32 409.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 364.37 409.57 Td (to ) Tj ET Q q 0 0 0 rg BT 375.76 409.57 Td (the ) Tj ET Q q 0 0 0 rg BT 391.58 409.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 415.19 409.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 455.47 409.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 481.86 409.57 Td (and ) Tj ET Q q 0 0 0 rg BT 499.91 409.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.72 409.57 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 399.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 177.39 399.57 Td (by ) Tj ET Q q 0 0 0 rg BT 190.42 399.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 230.63 399.57 Td (to ) Tj ET Q q 0 0 0 rg BT 241.43 399.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 273.90 399.57 Td (10\(d\) ) Tj ET Q q 0 0 0 rg BT 298.59 399.57 Td (of ) Tj ET Q q 0 0 0 rg BT 309.95 399.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 334.65 399.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 358.22 399.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 379.58 399.57 Td (by ) Tj ET Q q 0 0 0 rg BT 392.60 399.57 Td (the ) Tj ET Q q 0 0 0 rg BT 407.85 399.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 449.76 399.57 Td (on ) Tj ET Q q 0 0 0 rg BT 462.79 399.57 Td (May ) Tj ET Q q 0 0 0 rg BT 484.15 399.57 Td (10, ) Tj ET Q q 0 0 0 rg BT 499.67 399.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 525.20 399.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.79 399.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 389.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 364.57 Td (10\(v\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 364.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 143.89 364.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 168.95 364.57 Td (of ) Tj ET Q q 0 0 0 rg BT 180.67 364.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 224.61 364.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 250.02 364.57 Td (A) Tj ET Q q 0 0 0 rg BT 256.32 364.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.70 364.57 Td (to ) Tj ET Q q 0 0 0 rg BT 290.87 364.57 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 351.47 364.57 Td (directors ) Tj ET Q q 0 0 0 rg BT 389.84 364.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 427.67 364.57 Td (to ) Tj ET Q q 0 0 0 rg BT 438.84 364.57 Td (the ) Tj ET Q q 0 0 0 rg BT 454.45 364.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 477.84 364.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 517.90 364.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 544.07 364.57 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 354.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 160.52 354.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 181.12 354.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 237.80 354.57 Td (by ) Tj ET Q q 0 0 0 rg BT 250.62 354.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 290.62 354.57 Td (to ) Tj ET Q q 0 0 0 rg BT 301.22 354.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 333.48 354.57 Td (10\(c\) ) Tj ET Q q 0 0 0 rg BT 357.40 354.57 Td (of ) Tj ET Q q 0 0 0 rg BT 368.55 354.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 393.03 354.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 416.40 354.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 437.55 354.57 Td (by ) Tj ET Q q 0 0 0 rg BT 450.37 354.57 Td (the ) Tj ET Q q 0 0 0 rg BT 465.40 354.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 507.11 354.57 Td (on ) Tj ET Q q 0 0 0 rg BT 519.31 354.57 Td (August ) Tj ET Q q 0 0 0 rg BT 551.02 354.57 Td (6, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 344.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 145.50 344.57 Td (File ) Tj ET Q q 0 0 0 rg BT 163.56 344.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.78 344.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 319.57 Td (10\(w\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 319.57 Td (2013 ) Tj ET Q q 0 0 0 rg BT 143.03 319.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.23 319.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.09 319.57 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 216.14 319.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 241.45 319.57 Td (Unit ) Tj ET Q q 0 0 0 rg BT 261.20 319.57 Td (A) Tj ET Q q 0 0 0 rg BT 267.51 319.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 290.02 319.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 326.99 319.57 Td (to ) Tj ET Q q 0 0 0 rg BT 337.30 319.57 Td (the ) Tj ET Q q 0 0 0 rg BT 352.05 319.57 Td (Director ) Tj ET Q q 0 0 0 rg BT 387.89 319.57 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 425.95 319.57 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 486.25 319.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 506.56 319.57 Td (\(with ) Tj ET Q q 0 0 0 rg BT 530.20 319.57 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 309.57 Td (to ) Tj ET Q q 0 0 0 rg BT 130.66 309.57 Td (deferred ) Tj ET Q q 0 0 0 rg BT 166.35 309.57 Td (long-term ) Tj ET Q q 0 0 0 rg BT 208.17 309.57 Td (incentive ) Tj ET Q q 0 0 0 rg BT 247.21 309.57 Td (awards\) ) Tj ET Q q 0 0 0 rg BT 281.24 309.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 337.49 309.57 Td (by ) Tj ET Q q 0 0 0 rg BT 349.88 309.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 389.45 309.57 Td (to ) Tj ET Q q 0 0 0 rg BT 399.61 309.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 431.44 309.57 Td (10\(d\) ) Tj ET Q q 0 0 0 rg BT 455.48 309.57 Td (of ) Tj ET Q q 0 0 0 rg BT 466.20 309.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 490.25 309.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 513.19 309.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 533.90 309.57 Td (by ) Tj ET Q q 0 0 0 rg BT 546.29 309.57 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 299.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.89 299.57 Td (on ) Tj ET Q q 0 0 0 rg BT 173.83 299.57 Td (August ) Tj ET Q q 0 0 0 rg BT 205.23 299.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 215.23 299.57 Td (2013, ) Tj ET Q q 0 0 0 rg BT 240.23 299.57 Td (File ) Tj ET Q q 0 0 0 rg BT 258.28 299.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 275.50 299.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 229.57 Td (10\(y\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 229.57 Td (2014 ) Tj ET Q q 0 0 0 rg BT 144.57 229.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 170.31 229.57 Td (of ) Tj ET Q q 0 0 0 rg BT 182.70 229.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 237.86 229.57 Td (Cash ) Tj ET Q q 0 0 0 rg BT 261.03 229.57 Td (A) Tj ET Q q 0 0 0 rg BT 267.33 229.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 291.39 229.57 Td (under ) Tj ET Q q 0 0 0 rg BT 318.22 229.57 Td (the ) Tj ET Q q 0 0 0 rg BT 334.51 229.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 358.58 229.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 399.31 229.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 426.16 229.57 Td (and ) Tj ET Q q 0 0 0 rg BT 444.67 229.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 485.94 229.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 507.78 229.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.51 229.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 219.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 164.63 219.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 182.92 219.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 239.81 219.57 Td (by ) Tj ET Q q 0 0 0 rg BT 252.84 219.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 293.05 219.57 Td (to ) Tj ET Q q 0 0 0 rg BT 303.85 219.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 336.33 219.57 Td (10\(a\) ) Tj ET Q q 0 0 0 rg BT 360.45 219.57 Td (of ) Tj ET Q q 0 0 0 rg BT 371.81 219.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 396.51 219.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 420.08 219.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 441.44 219.57 Td (by ) Tj ET Q q 0 0 0 rg BT 454.46 219.57 Td (the ) Tj ET Q q 0 0 0 rg BT 469.71 219.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 511.62 219.57 Td (on ) Tj ET Q q 0 0 0 rg BT 524.65 219.57 Td (May ) Tj ET Q q 0 0 0 rg BT 546.01 219.57 Td (12, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 209.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 145.50 209.57 Td (File ) Tj ET Q q 0 0 0 rg BT 163.56 209.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 180.78 209.57 Td (001-12935\). ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 184.57 Td (10\(z\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 184.57 Td (2014 ) Tj ET Q q 0 0 0 rg BT 141.82 184.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 164.80 184.57 Td (of ) Tj ET Q q 0 0 0 rg BT 174.36 184.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 194.01 184.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 246.12 184.57 Td (A) Tj ET Q q 0 0 0 rg BT 252.43 184.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 273.74 184.57 Td (under ) Tj ET Q q 0 0 0 rg BT 297.82 184.57 Td (the ) Tj ET Q q 0 0 0 rg BT 311.36 184.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 332.67 184.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 370.66 184.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.76 184.57 Td (and ) Tj ET Q q 0 0 0 rg BT 410.51 184.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 449.03 184.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 468.13 184.57 Td (for ) Tj ET Q q 0 0 0 rg BT 481.10 184.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 517.41 184.57 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 174.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 137.83 174.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 193.76 174.57 Td (by ) Tj ET Q q 0 0 0 rg BT 205.82 174.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 245.07 174.57 Td (to ) Tj ET Q q 0 0 0 rg BT 254.91 174.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 286.42 174.57 Td (10\(b\) ) Tj ET Q q 0 0 0 rg BT 310.15 174.57 Td (of ) Tj ET Q q 0 0 0 rg BT 320.54 174.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 344.28 174.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 366.89 174.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 387.28 174.57 Td (by ) Tj ET Q q 0 0 0 rg BT 399.35 174.57 Td (the ) Tj ET Q q 0 0 0 rg BT 413.63 174.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 454.58 174.57 Td (on ) Tj ET Q q 0 0 0 rg BT 466.64 174.57 Td (May ) Tj ET Q q 0 0 0 rg BT 487.04 174.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 501.60 174.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 526.17 174.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.79 174.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 164.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.50 30.60 Td (109) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 719 m 114 719 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 118 719 m 562 719 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.00 723.68 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.50 723.68 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 709.57 Td (10\(cc\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 709.57 Td (2014 ) Tj ET Q q 0 0 0 rg BT 142.80 709.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.77 709.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.41 709.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 220.25 709.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 244.81 709.57 Td (A) Tj ET Q q 0 0 0 rg BT 251.12 709.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 273.41 709.57 Td (Clif) Tj ET Q q 0 0 0 rg BT 288.79 709.57 Td (f ) Tj ET Q q 0 0 0 rg BT 294.25 709.57 Td (V) Tj ET Q q 0 0 0 rg BT 300.36 709.57 Td (esting ) Tj ET Q q 0 0 0 rg BT 326.05 709.57 Td (A) Tj ET Q q 0 0 0 rg BT 332.35 709.57 Td (wards ) Tj ET Q q 0 0 0 rg BT 358.53 709.57 Td (under ) Tj ET Q q 0 0 0 rg BT 383.60 709.57 Td (the ) Tj ET Q q 0 0 0 rg BT 398.12 709.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 420.43 709.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 459.40 709.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 484.48 709.57 Td (and ) Tj ET Q q 0 0 0 rg BT 501.22 709.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.72 709.57 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 699.57 Td (for ) Tj ET Q q 0 0 0 rg BT 135.01 699.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 172.86 699.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 216.81 699.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 234.93 699.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 291.65 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 304.50 699.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 344.53 699.57 Td (to ) Tj ET Q q 0 0 0 rg BT 355.17 699.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 387.46 699.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 411.41 699.57 Td (of ) Tj ET Q q 0 0 0 rg BT 422.60 699.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 447.12 699.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 470.52 699.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 491.70 699.57 Td (by ) Tj ET Q q 0 0 0 rg BT 504.56 699.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.63 699.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 689.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 689.57 Td (May ) Tj ET Q q 0 0 0 rg BT 153.83 689.57 Td (12, ) Tj ET Q q 0 0 0 rg BT 168.83 689.57 Td (2014, ) Tj ET Q q 0 0 0 rg BT 193.83 689.57 Td (File ) Tj ET Q q 0 0 0 rg BT 211.89 689.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 229.11 689.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 664.57 Td (10\(dd\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 664.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 142.27 664.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 165.72 664.57 Td (of ) Tj ET Q q 0 0 0 rg BT 175.82 664.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 218.14 664.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 242.29 664.57 Td (A) Tj ET Q q 0 0 0 rg BT 248.59 664.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 270.36 664.57 Td (to ) Tj ET Q q 0 0 0 rg BT 279.91 664.57 Td (of) Tj ET Q q 0 0 0 rg BT 288.06 664.57 Td (ficers ) Tj ET Q q 0 0 0 rg BT 312.04 664.57 Td (under ) Tj ET Q q 0 0 0 rg BT 336.58 664.57 Td (the ) Tj ET Q q 0 0 0 rg BT 350.57 664.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 372.35 664.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 410.79 664.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 435.34 664.57 Td (and ) Tj ET Q q 0 0 0 rg BT 451.55 664.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 490.53 664.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 510.08 664.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 664.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 654.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 163.45 654.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 180.58 654.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 236.30 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 248.15 654.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 287.19 654.57 Td (to ) Tj ET Q q 0 0 0 rg BT 296.82 654.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 328.12 654.57 Td (10\(d\) ) Tj ET Q q 0 0 0 rg BT 351.64 654.57 Td (of ) Tj ET Q q 0 0 0 rg BT 361.82 654.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 385.35 654.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 407.76 654.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 427.94 654.57 Td (by ) Tj ET Q q 0 0 0 rg BT 439.79 654.57 Td (the ) Tj ET Q q 0 0 0 rg BT 453.86 654.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 494.61 654.57 Td (on ) Tj ET Q q 0 0 0 rg BT 506.46 654.57 Td (May ) Tj ET Q q 0 0 0 rg BT 526.65 654.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 536.00 654.57 Td (2015, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 644.57 Td (File ) Tj ET Q q 0 0 0 rg BT 138.56 644.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 155.78 644.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 619.57 Td (10\(ee\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 619.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 141.82 619.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 164.80 619.57 Td (of ) Tj ET Q q 0 0 0 rg BT 174.36 619.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 194.01 619.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 246.12 619.57 Td (A) Tj ET Q q 0 0 0 rg BT 252.43 619.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 273.74 619.57 Td (under ) Tj ET Q q 0 0 0 rg BT 297.82 619.57 Td (the ) Tj ET Q q 0 0 0 rg BT 311.36 619.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 332.67 619.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 370.66 619.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 394.76 619.57 Td (and ) Tj ET Q q 0 0 0 rg BT 410.51 619.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 449.03 619.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 468.13 619.57 Td (for ) Tj ET Q q 0 0 0 rg BT 481.10 619.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 517.41 619.57 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 609.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 138.13 609.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 194.35 609.57 Td (by ) Tj ET Q q 0 0 0 rg BT 206.70 609.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 246.24 609.57 Td (to ) Tj ET Q q 0 0 0 rg BT 256.38 609.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 288.18 609.57 Td (10\(e\) ) Tj ET Q q 0 0 0 rg BT 311.64 609.57 Td (of ) Tj ET Q q 0 0 0 rg BT 322.32 609.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 346.35 609.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 369.26 609.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 389.94 609.57 Td (by ) Tj ET Q q 0 0 0 rg BT 402.30 609.57 Td (the ) Tj ET Q q 0 0 0 rg BT 416.87 609.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 458.12 609.57 Td (on ) Tj ET Q q 0 0 0 rg BT 470.48 609.57 Td (May ) Tj ET Q q 0 0 0 rg BT 491.16 609.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 501.02 609.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 525.88 609.57 Td (File ) Tj ET Q q 0 0 0 rg BT 543.79 609.57 Td (No. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 599.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 574.57 Td (10\(f) Tj ET Q q 0 0 0 rg BT 69.07 574.57 Td (f\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 574.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 143.36 574.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 167.89 574.57 Td (of ) Tj ET Q q 0 0 0 rg BT 178.88 574.57 Td (TSR ) Tj ET Q q 0 0 0 rg BT 200.08 574.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 253.39 574.57 Td (A) Tj ET Q q 0 0 0 rg BT 259.70 574.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 282.55 574.57 Td (for ) Tj ET Q q 0 0 0 rg BT 297.07 574.57 Td (Phil ) Tj ET Q q 0 0 0 rg BT 316.05 574.57 Td (R) Tj ET Q q 0 0 0 rg BT 322.32 574.57 Td (ykhoek ) Tj ET Q q 0 0 0 rg BT 354.62 574.57 Td (under ) Tj ET Q q 0 0 0 rg BT 380.25 574.57 Td (the ) Tj ET Q q 0 0 0 rg BT 395.33 574.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 418.19 574.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 457.72 574.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 483.36 574.57 Td (and ) Tj ET Q q 0 0 0 rg BT 500.66 574.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.72 574.57 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 564.57 Td (for ) Tj ET Q q 0 0 0 rg BT 134.32 564.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 171.47 564.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 214.74 564.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 232.17 564.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 288.19 564.57 Td (by ) Tj ET Q q 0 0 0 rg BT 300.35 564.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 339.70 564.57 Td (to ) Tj ET Q q 0 0 0 rg BT 349.64 564.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 381.24 564.57 Td (10\(f\) ) Tj ET Q q 0 0 0 rg BT 403.40 564.57 Td (of ) Tj ET Q q 0 0 0 rg BT 413.89 564.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 437.72 564.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 460.43 564.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 480.92 564.57 Td (by ) Tj ET Q q 0 0 0 rg BT 493.08 564.57 Td (the ) Tj ET Q q 0 0 0 rg BT 507.46 564.57 Td (Company ) Tj ET Q q 0 0 0 rg BT 548.51 564.57 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 554.57 Td (May ) Tj ET Q q 0 0 0 rg BT 141.33 554.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 151.33 554.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 176.33 554.57 Td (File ) Tj ET Q q 0 0 0 rg BT 194.39 554.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 211.61 554.57 Td (001-12935\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 529.57 Td (10\(gg\)**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 529.57 Td (2015 ) Tj ET Q q 0 0 0 rg BT 142.78 529.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 166.73 529.57 Td (of ) Tj ET Q q 0 0 0 rg BT 177.33 529.57 Td (Capital ) Tj ET Q q 0 0 0 rg BT 208.49 529.57 Td (Ef) Tj ET Q q 0 0 0 rg BT 217.75 529.57 Td (ficiency ) Tj ET Q q 0 0 0 rg BT 252.23 529.57 Td (Performance ) Tj ET Q q 0 0 0 rg BT 305.59 529.57 Td (Share ) Tj ET Q q 0 0 0 rg BT 330.14 529.57 Td (A) Tj ET Q q 0 0 0 rg BT 336.44 529.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 358.71 529.57 Td (under ) Tj ET Q q 0 0 0 rg BT 383.75 529.57 Td (the ) Tj ET Q q 0 0 0 rg BT 398.25 529.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 420.53 529.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 459.47 529.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 484.53 529.57 Td (and ) Tj ET Q q 0 0 0 rg BT 501.25 529.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 540.73 529.57 Td (Plan ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 519.57 Td (for ) Tj ET Q q 0 0 0 rg BT 134.98 519.57 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 172.79 519.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 216.70 519.57 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 234.79 519.57 Td (\(incorporated ) Tj ET Q q 0 0 0 rg BT 291.47 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 304.28 519.57 Td (reference ) Tj ET Q q 0 0 0 rg BT 344.28 519.57 Td (to ) Tj ET Q q 0 0 0 rg BT 354.88 519.57 Td (Exhibit ) Tj ET Q q 0 0 0 rg BT 387.14 519.57 Td (10\(g\) ) Tj ET Q q 0 0 0 rg BT 411.62 519.57 Td (of ) Tj ET Q q 0 0 0 rg BT 422.77 519.57 Td (Form ) Tj ET Q q 0 0 0 rg BT 447.25 519.57 Td (10-Q ) Tj ET Q q 0 0 0 rg BT 470.62 519.57 Td (filed ) Tj ET Q q 0 0 0 rg BT 491.76 519.57 Td (by ) Tj ET Q q 0 0 0 rg BT 504.58 519.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.62 519.57 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 509.57 Td (on ) Tj ET Q q 0 0 0 rg BT 133.00 509.57 Td (May ) Tj ET Q q 0 0 0 rg BT 153.83 509.57 Td (6, ) Tj ET Q q 0 0 0 rg BT 163.83 509.57 Td (2015, ) Tj ET Q q 0 0 0 rg BT 188.83 509.57 Td (File ) Tj ET Q q 0 0 0 rg BT 206.89 509.57 Td (No. ) Tj ET Q q 0 0 0 rg BT 224.11 509.57 Td (001-12935\).) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 628.57 Td (10\(tt\)* ) Tj ET Q q 0 0 0 rg BT 82.22 628.57 Td (**) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 628.57 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 162.90 628.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 187.55 628.57 Td (Of) Tj ET Q q 0 0 0 rg BT 197.92 628.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 218.10 628.57 Td (Promotion ) Tj ET Q q 0 0 0 rg BT 261.77 628.57 Td (A) Tj ET Q q 0 0 0 rg BT 268.08 628.57 Td (ward ) Tj ET Q q 0 0 0 rg BT 289.93 628.57 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 326.23 628.57 Td (to ) Tj ET Q q 0 0 0 rg BT 335.87 628.57 Td (the ) Tj ET Q q 0 0 0 rg BT 349.95 628.57 Td (2004 ) Tj ET Q q 0 0 0 rg BT 371.81 628.57 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 410.35 628.57 Td (Stock ) Tj ET Q q 0 0 0 rg BT 434.99 628.57 Td (and ) Tj ET Q q 0 0 0 rg BT 451.29 628.57 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 490.35 628.57 Td (Plan ) Tj ET Q q 0 0 0 rg BT 510.00 628.57 Td (for ) Tj ET Q q 0 0 0 rg BT 523.52 628.57 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 618.57 Td (Resources ) Tj ET Q q 0 0 0 rg BT 164.10 618.57 Td (Inc.) 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 493.57 Td (31\(b\)*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 493.57 Td (Certification ) Tj ET Q q 0 0 0 rg BT 173.54 493.57 Td (of ) Tj ET Q q 0 0 0 rg BT 184.37 493.57 Td (Chief ) Tj ET Q q 0 0 0 rg BT 209.08 493.57 Td (Financial ) Tj ET Q q 0 0 0 rg BT 248.80 493.57 Td (Of) Tj ET Q q 0 0 0 rg BT 259.17 493.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 279.98 493.57 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 317.48 493.57 Td (to ) Tj ET Q q 0 0 0 rg BT 327.76 493.57 Td (Section ) Tj ET Q q 0 0 0 rg BT 360.26 493.57 Td (302 ) Tj ET Q q 0 0 0 rg BT 377.76 493.57 Td (of ) Tj ET Q q 0 0 0 rg BT 388.59 493.57 Td (Sarbanes-Oxley ) Tj ET Q q 0 0 0 rg BT 454.40 493.57 Td (Act ) Tj ET Q q 0 0 0 rg BT 471.34 493.57 Td (of ) Tj ET Q q 0 0 0 rg BT 482.17 493.57 Td (2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 468.57 Td (32*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 468.57 Td (Certification ) Tj ET Q q 0 0 0 rg BT 173.57 468.57 Td (of ) Tj ET Q q 0 0 0 rg BT 184.43 468.57 Td (Chief ) Tj ET Q q 0 0 0 rg BT 209.18 468.57 Td (Executive ) Tj ET Q q 0 0 0 rg BT 251.69 468.57 Td (Of) Tj ET Q q 0 0 0 rg BT 262.06 468.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 282.90 468.57 Td (and ) Tj ET Q q 0 0 0 rg BT 299.87 468.57 Td (Chief ) Tj ET Q q 0 0 0 rg BT 324.62 468.57 Td (Financial ) Tj ET Q q 0 0 0 rg BT 364.36 468.57 Td (Of) Tj ET Q q 0 0 0 rg BT 374.74 468.57 Td (ficer ) Tj ET Q q 0 0 0 rg BT 395.58 468.57 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 433.11 468.57 Td (to ) Tj ET Q q 0 0 0 rg BT 443.42 468.57 Td (Section ) Tj ET Q q 0 0 0 rg BT 475.95 468.57 Td (906 ) Tj ET Q q 0 0 0 rg BT 493.48 468.57 Td (of ) Tj ET Q q 0 0 0 rg BT 504.34 468.57 Td (the ) Tj ET Q q 0 0 0 rg BT 519.09 468.57 Td (Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 458.57 Td (Oxley ) Tj ET Q q 0 0 0 rg BT 146.89 458.57 Td (Act ) Tj ET Q q 0 0 0 rg BT 163.83 458.57 Td (of ) Tj ET Q q 0 0 0 rg BT 174.66 458.57 Td (2002.) 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Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 396.50 Td (*Included ) Tj ET Q q 0 0 0 rg BT 99.49 396.50 Td (herewith.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 384.50 Td (** ) Tj ET Q q 0 0 0 rg BT 62.00 384.50 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 122.27 384.50 Td (arrangements.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 358.93505859375 m 179.197265625 358.93505859375 l s q 0 0 0 rg BT 49.50 360.50 Td (Item ) Tj ET Q q 0 0 0 rg BT 71.99 360.50 Td (16. ) Tj ET Q q 0 0 0 rg BT 86.99 360.50 Td (Form ) Tj ET Q q 0 0 0 rg BT 113.37 360.50 Td (10-K ) Tj ET Q q 0 0 0 rg BT 136.98 360.50 Td (Summary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 336.50 Td (None.) Tj ET Q endstream endobj 223 0 obj <> endobj 224 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.85 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.48 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 308.11 30.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 273.85 726.75 Td (SIGNA) Tj ET Q q 0 0 0 rg BT 304.78 726.75 Td (TURES ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 702.75 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 104.64 702.75 Td (to ) Tj ET Q q 0 0 0 rg BT 114.56 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 128.92 702.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 183.26 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 193.73 702.75 Td (Section ) Tj ET Q q 0 0 0 rg BT 225.87 702.75 Td (13 ) Tj ET Q q 0 0 0 rg BT 238.01 702.75 Td (or ) Tj ET Q q 0 0 0 rg BT 248.48 702.75 Td (15\(d\) ) Tj ET Q q 0 0 0 rg BT 272.28 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 282.75 702.75 Td (the ) Tj ET Q q 0 0 0 rg BT 297.11 702.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 338.69 702.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 379.78 702.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 396.36 702.75 Td (of ) Tj ET Q q 0 0 0 rg BT 406.83 702.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 431.47 702.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 468.60 702.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 511.84 702.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 529.25 702.75 Td (has ) Tj ET Q q 0 0 0 rg BT 544.72 702.75 Td (duly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 690.75 Td (caused ) Tj ET Q q 0 0 0 rg BT 79.21 690.75 Td (this ) Tj ET Q q 0 0 0 rg BT 96.16 690.75 Td (report ) Tj ET Q q 0 0 0 rg BT 122.53 690.75 Td (to ) Tj ET Q q 0 0 0 rg BT 132.81 690.75 Td (be ) Tj ET Q q 0 0 0 rg BT 144.75 690.75 Td (signed ) Tj ET Q q 0 0 0 rg BT 173.36 690.75 Td (on ) Tj ET Q q 0 0 0 rg BT 185.86 690.75 Td (its ) Tj ET Q q 0 0 0 rg BT 197.81 690.75 Td (behalf ) Tj ET Q q 0 0 0 rg BT 225.29 690.75 Td (by ) Tj ET Q q 0 0 0 rg BT 237.79 690.75 Td (the ) Tj ET Q q 0 0 0 rg BT 252.51 690.75 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 306.38 690.75 Td (thereunto ) Tj ET Q q 0 0 0 rg BT 346.65 690.75 Td (duly ) Tj ET Q q 0 0 0 rg BT 366.93 690.75 Td (authorized.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 678.75 Td ( ) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 634.25 m 562 634.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 590.25 m 562 590.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 657.92 Td (DENBURY RESOURCES INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 639.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 639.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 638.92 Td (/s/ Mark C. Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 624.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 624.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 623.92 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 287.78 623.92 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 613.92 Td (Sr) Tj ET Q q 0 0 0 rg BT 260.84 613.92 Td (. ) Tj ET Q q 0 0 0 rg BT 265.66 613.92 Td (V) Tj ET Q q 0 0 0 rg BT 272.28 613.92 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 417.89 613.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 595.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 595.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 595.82 Td (/s/ Alan Rhoades) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 579.92 Td (Alan Rhoades) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 569.92 Td (V) Tj ET Q q 0 0 0 rg BT 259.12 569.92 Td (ice President and Chief ) Tj ET Q q 0 0 0 rg BT 354.10 569.92 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 413.62 569.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 541.75 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 105.75 541.75 Td (to ) Tj ET Q q 0 0 0 rg BT 116.77 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 132.23 541.75 Td (requirements ) Tj ET Q q 0 0 0 rg BT 187.68 541.75 Td (of ) Tj ET Q q 0 0 0 rg BT 199.26 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 214.72 541.75 Td (Securities ) Tj ET Q q 0 0 0 rg BT 257.40 541.75 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 299.35 541.75 Td (Act ) Tj ET Q q 0 0 0 rg BT 317.04 541.75 Td (of ) Tj ET Q q 0 0 0 rg BT 328.61 541.75 Td (1934, ) Tj ET Q q 0 0 0 rg BT 354.36 541.75 Td (this ) Tj ET Q q 0 0 0 rg BT 372.05 541.75 Td (report ) Tj ET Q q 0 0 0 rg BT 399.18 541.75 Td (has ) Tj ET Q q 0 0 0 rg BT 415.75 541.75 Td (been ) Tj ET Q q 0 0 0 rg BT 437.88 541.75 Td (signed ) Tj ET Q q 0 0 0 rg BT 467.23 541.75 Td (below ) Tj ET Q q 0 0 0 rg BT 494.92 541.75 Td (by ) Tj ET Q q 0 0 0 rg BT 508.16 541.75 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 541.75 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 529.75 Td (persons ) Tj ET Q q 0 0 0 rg BT 82.55 529.75 Td (on ) Tj ET Q q 0 0 0 rg BT 95.05 529.75 Td (behalf ) Tj ET Q q 0 0 0 rg BT 122.54 529.75 Td (of ) Tj ET Q q 0 0 0 rg BT 133.37 529.75 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 170.86 529.75 Td (Resources ) Tj ET Q q 0 0 0 rg BT 214.46 529.75 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 232.22 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 249.16 529.75 Td (in ) Tj ET Q q 0 0 0 rg BT 259.44 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 274.16 529.75 Td (capacities ) Tj ET Q q 0 0 0 rg BT 316.08 529.75 Td (and ) Tj ET Q q 0 0 0 rg BT 333.02 529.75 Td (on ) Tj ET Q q 0 0 0 rg BT 345.52 529.75 Td (the ) Tj ET Q q 0 0 0 rg BT 360.23 529.75 Td (dates ) Tj ET Q q 0 0 0 rg BT 383.28 529.75 Td (indicated.) Tj ET Q 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50 507.25 m 150 507.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 150 507.25 m 250 507.25 l s 1 1 1 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 507.25 m 562 507.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 492.25 m 562 492.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 427.25 m 562 427.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 362.25 m 562 362.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 297.25 m 562 297.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 242.25 m 562 242.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 187.25 m 562 187.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 132.25 m 562 132.25 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 496.92 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 497.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 497.82 Td (/s/ Phil Rykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 482.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 482.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 481.92 Td (Phil R) Tj ET Q q 0 0 0 rg BT 277.39 481.92 Td (ykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 471.92 Td (Director and Chief Executive Of) Tj ET Q q 0 0 0 rg BT 382.82 471.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 461.92 Td (\(Principal Executive Of) Tj ET Q q 0 0 0 rg BT 347.29 461.92 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 431.92 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 432.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 432.82 Td (/s/ Mark C. Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 417.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 417.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 416.92 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 287.78 416.92 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 406.92 Td (Sr) Tj ET Q q 0 0 0 rg BT 260.84 406.92 Td (. ) Tj ET Q q 0 0 0 rg BT 265.66 406.92 Td (V) Tj ET Q q 0 0 0 rg BT 272.28 406.92 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 417.89 406.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 396.92 Td (\(Principal Financial Of) Tj ET Q q 0 0 0 rg BT 344.52 396.92 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 366.92 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 367.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 367.82 Td (/s/ Alan Rhoades) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 352.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 352.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 351.92 Td (Alan Rhoades) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 341.92 Td (V) Tj ET Q q 0 0 0 rg BT 259.12 341.92 Td (ice President and Chief ) Tj ET Q q 0 0 0 rg BT 354.10 341.92 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 413.62 341.92 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 331.92 Td (\(Principal ) Tj ET Q q 0 0 0 rg BT 293.88 331.92 Td (Accounting Of) Tj ET Q q 0 0 0 rg BT 353.41 331.92 Td (ficer\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 302.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.50 302.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 301.92 Td (/s/ John P. Dielwart) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 286.92 Td (John P. Dielwart) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 276.92 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 247.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 246.92 Td (/s/ Michael B. Decker) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 231.92 Td (Michael B. Decker) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 221.92 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 192.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 191.92 Td (/s/ Gregory L. McMichael) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 176.92 Td (Gregory L. McMichael) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 166.92 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 137.82 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 136.92 Td (/s/ Kevin O. Meyers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 121.92 Td (Kevin O. Meyers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 111.92 Td (Director) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 225 0 obj <> endobj 226 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 30.60 Td (12) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 718 m 562 718 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 663 m 562 663 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 250 608 m 562 608 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 723.57 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 722.67 Td (/s/ Randy Stein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 707.67 Td (Randy Stein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 697.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 668.57 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 667.67 Td (/s/ Laura A. Sugg) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 652.67 Td (Laura ) Tj ET Q q 0 0 0 rg BT 277.76 652.67 Td (A. Sugg) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 642.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 613.57 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 612.67 Td (/s/ Wieland F. Wettstein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 597.67 Td (Wieland F. Wettstein) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 252.50 587.67 Td (Director) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 227 0 obj <> endobj 228 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 50.00 760.60 Td (T) Tj ET Q q 0 0 0 rg BT 55.75 760.60 Td (able of Contents) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.80 748.60 Td (Denbury Resour) Tj ET Q q 0 0 0 rg BT 325.45 748.60 Td (ces Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.65 30.60 Td (1) Tj ET Q q 0 0 0 rg BT 303.28 30.60 Td (13) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 256.15 726.75 Td (INDEX ) Tj ET Q q 0 0 0 rg BT 290.70 726.75 Td (T) Tj ET Q q 0 0 0 rg BT 297.19 726.75 Td (O EXHIBITS) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.25 m 113.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 690.25 m 561.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 49.5 690.25 m 113.5 690.25 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 117.5 690.25 m 561.5 690.25 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 56.50 694.98 Td (Exhibit No.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 120.00 694.93 Td (Exhibit) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 680.82 Td (10\(mm\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 680.82 Td (2016 Form of EBITDAX Performance Award-Equity under the 2004 Omnibus Stock and Incentive Plan for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 670.82 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 660.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 645.82 Td (10\(nn\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 645.82 Td (2016 Form of EBITDAX Performance Award-Cash under the 2004 Omnibus Stock and Incentive Plan for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 635.82 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 625.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 610.82 Td (10\(pp\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 610.82 Td (2016 Form of Restricted Share Award to officers pursuant to the 2004 Omnibus Stock and Incentive Plan for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 600.82 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 590.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 575.82 Td (10\(qq\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 575.82 Td (2016 Form of Restricted Stock Award to non-employee directors pursuant to the 2004 Omnibus Stock and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 565.82 Td (Incentive Plan for Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 555.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 540.82 Td (10\(rr\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 540.82 Td (2016 Form of Deferred Stock Unit Award pursuant to the Director Deferred Compensation Plan \(with respect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 530.82 Td (to deferred long-term incentive awards\).) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 520.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 505.82 Td (10\(tt\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 505.82 Td (Restricted Stock Officer Promotion Award pursuant to the 2004 Omnibus Stock and Incentive Plan for) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 495.82 Td (Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 485.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 470.82 Td (21) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 470.82 Td (List of subsidiaries of Denbury Resources Inc.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 460.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 445.82 Td (23\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 445.82 Td (Consent of PricewaterhouseCoopers LLP.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 435.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 420.82 Td (23\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 420.82 Td (Consent of DeGolyer and MacNaughton.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 410.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 395.82 Td (31\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 395.82 Td (Certification of Chief Executive Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 385.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 370.82 Td (31\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 370.82 Td (Certification of Chief Financial Officer Pursuant to Section 302 of Sarbanes-Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 360.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 345.82 Td (32) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 345.82 Td (Certification of Chief Executive Officer and Chief Financial Officer Pursuant to Section 906 of the Sarbanes-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 335.82 Td (Oxley Act of 2002.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 325.82 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 310.82 Td (99) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 310.82 Td (The summary of DeGolyer and MacNaughtons Report as of December 31, 2016, on oil and gas reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 300.82 Td (\(SEC Case\) dated February 9, 2017.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.00 290.82 Td () Tj ET Q BT /F1 10.00 Tf ET endstream endobj 229 0 obj <> endobj 230 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.00 740.25 Td (Exhibit 10\(mm\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (____________ ) Tj ET Q q 0 0 0 rg BT 112.00 716.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 158.94 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 216.96 716.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 237.34 716.25 Td (es ) Tj ET Q q 0 0 0 rg BT 429.18 716.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 451.67 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.50 716.25 Td (Grant: ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 494.4384765625 714.68505859375 m 562.5 714.68505859375 l s q 0 0 0 rg BT 494.44 716.25 Td (January ) Tj ET Q q 0 0 0 rg BT 532.50 716.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 542.50 716.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 424.9 702.68505859375 m 562.487890625 702.68505859375 l s q 0 0 0 rg BT 424.90 704.25 Td (\(as modified on Mar) Tj ET Q q 0 0 0 rg BT 511.66 704.25 Td (ch 30, 2016\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.95 668.25 Td (2016 EBITDAX PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 363.35 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 369.46 668.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.35 668.25 Td (ARD ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.70 656.25 Td (\(EQUITY) Tj ET Q q 0 0 0 rg BT 301.11 656.25 Td ( POR) Tj ET Q q 0 0 0 rg BT 324.37 656.25 Td (TION\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.90 632.25 Td (2004 OMNIBUS ST) Tj ET Q q 0 0 0 rg BT 280.73 632.25 Td (OCK ) Tj ET Q q 0 0 0 rg BT 305.46 632.25 Td (AND INCENTIVE PLAN) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 608.25 Td (DENBUR) Tj ET Q q 0 0 0 rg BT 280.02 608.25 Td (Y) Tj ET Q q 0 0 0 rg BT 286.88 608.25 Td ( RESOURCES INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.56 584.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 135.41 584.25 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 216.07 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 222.18 584.25 Td (W) Tj ET Q q 0 0 0 rg BT 231.08 584.25 Td (ARD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.02 584.25 Td (\(this ) Tj ET Q q 0 0 0 rg BT 275.08 584.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.52 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 286.00 584.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.22 584.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 318.28 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 327.23 584.25 Td (made ) Tj ET Q q 0 0 0 rg BT 351.17 584.25 Td (ef) Tj ET Q q 0 0 0 rg BT 358.75 584.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 388.24 584.25 Td (on ) Tj ET Q q 0 0 0 rg BT 400.52 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.02 584.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 436.18 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.79 584.25 Td (Grant ) Tj ET Q q 0 0 0 rg BT 471.84 584.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.13 584.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 521.40 584.25 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.27 572.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 85.32 572.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.75 572.25 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.43 572.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 141.70 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.98 572.25 Td (favor ) Tj ET Q q 0 0 0 rg BT 175.57 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.40 572.25 Td (__________ ) Tj ET Q q 0 0 0 rg BT 238.90 572.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.67 572.25 Td (Holder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.67 572.25 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (WHEREAS, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.63 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.92 548.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 181.38 548.25 Td (with) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.16 548.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.67 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.39 548.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 238.90 548.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 278.08 548.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 303.36 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.31 548.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 360.02 548.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 380.31 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.47 548.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 431.97 548.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 475.58 548.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 495.85 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 506.69 548.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 545.29 548.25 Td (and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 536.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 93.92 536.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 111.97 536.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.41 536.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.86 536.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 148.63 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.34 536.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 210.28 536.25 Td (may ) Tj ET Q q 0 0 0 rg BT 230.00 536.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 253.04 536.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 331.61 536.25 Td (A) Tj ET Q q 0 0 0 rg BT 337.92 536.25 Td (wards; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 512.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 512.25 Td (, ) Tj ET Q q 0 0 0 rg BT 122.92 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.93 512.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 183.16 512.25 Td (desires ) Tj ET Q q 0 0 0 rg BT 212.72 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 222.30 512.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 244.64 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.21 512.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 283.77 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 294.61 512.25 Td (A) Tj ET Q q 0 0 0 rg BT 300.92 512.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 322.70 512.25 Td (under ) Tj ET Q q 0 0 0 rg BT 347.26 512.25 Td (which ) Tj ET Q q 0 0 0 rg BT 373.50 512.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 403.06 512.25 Td (can ) Tj ET Q q 0 0 0 rg BT 418.73 512.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 437.73 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 490.61 512.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 519.06 512.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.52 512.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 79.06 500.25 Td (based ) Tj ET Q q 0 0 0 rg BT 103.62 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 115.42 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.43 500.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 182.31 500.25 Td (Criteria ) Tj ET Q q 0 0 0 rg BT 214.64 500.25 Td (set ) Tj ET Q q 0 0 0 rg BT 227.54 500.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 248.77 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.35 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.36 500.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 291.93 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.16 500.25 Td (this ) Tj ET Q q 0 0 0 rg BT 324.01 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 330.31 500.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 354.59 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.83 500.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.94 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.52 500.25 Td (all ) Tj ET Q q 0 0 0 rg BT 422.30 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.43 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.44 500.25 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 492.40 500.25 Td (including ) Tj ET Q q 0 0 0 rg BT 531.97 500.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 90.89 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.60 488.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 136.99 488.25 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 183.66 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.49 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.21 488.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 229.49 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.42 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.25 488.25 Td (this ) Tj ET Q q 0 0 0 rg BT 273.65 488.25 Td (A) Tj ET Q q 0 0 0 rg BT 279.95 488.25 Td (ward; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 464.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 464.25 Td (, no Performance Shares will be issued or outstanding until the ) Tj ET Q q 0 0 0 rg BT 371.73 464.25 Td (V) Tj ET Q q 0 0 0 rg BT 377.84 464.25 Td (esting Date; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 440.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 123.25 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.59 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 178.60 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.17 440.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 225.06 440.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 271.06 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.63 440.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 311.40 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 328.52 440.25 Td (this ) Tj ET Q q 0 0 0 rg BT 344.62 440.25 Td (A) Tj ET Q q 0 0 0 rg BT 350.93 440.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 373.04 440.25 Td (is ) Tj ET Q q 0 0 0 rg BT 381.84 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.74 440.25 Td (all ) Tj ET Q q 0 0 0 rg BT 403.86 440.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 438.20 440.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 468.65 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.55 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.89 440.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 519.73 440.25 Td (definitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.88 428.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 109.48 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.75 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 428.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 156.12 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.50 428.25 Td (all ) Tj ET Q q 0 0 0 rg BT 184.43 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.70 428.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.07 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 235.22 428.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 287.69 428.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 314.61 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.55 428.25 Td (reference, ) Tj ET Q q 0 0 0 rg BT 368.17 428.25 Td (except ) Tj ET Q q 0 0 0 rg BT 396.20 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.92 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.07 428.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 446.44 428.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 487.25 428.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 526.96 428.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 416.25 Td (this ) Tj ET Q q 0 0 0 rg BT 76.17 416.25 Td (A) Tj ET Q q 0 0 0 rg BT 82.48 416.25 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 392.25 Td (NOW) Tj ET Q q 0 0 0 rg BT 92.32 392.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.17 392.25 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.96 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.61 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.54 392.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 235.57 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.05 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.42 392.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 296.34 392.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 340.48 392.25 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 387.93 392.25 Td (set ) Tj ET Q q 0 0 0 rg BT 403.19 392.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 426.78 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.37 392.25 Td (for ) Tj ET Q q 0 0 0 rg BT 461.18 392.25 Td (other ) Tj ET Q q 0 0 0 rg BT 485.88 392.25 Td (good ) Tj ET Q q 0 0 0 rg BT 510.03 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.63 392.25 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 380.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 380.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 380.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 380.25 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.68505859375 m 198.8447265625 354.68505859375 l s q 0 0 0 rg BT 85.50 356.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.47 356.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 164.85 356.25 Td (e ) Tj ET Q q 0 0 0 rg BT 172.74 356.25 Td (Grant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.84 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 204.79 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 207.99 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 226.98 356.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 269.32 356.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 299.97 356.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 327.86 356.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 359.07 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 374.74 356.25 Td (right ) Tj ET Q q 0 0 0 rg BT 397.07 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 408.30 356.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 428.95 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 446.84 356.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 466.39 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 477.62 356.25 Td (up ) Tj ET Q q 0 0 0 rg BT 491.07 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 502.29 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 510.18 356.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 554.18 356.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td ([___________] ) Tj ET Q q 0 0 0 rg BT 113.90 344.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 157.19 344.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 182.71 344.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 207.13 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 225.42 344.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 229.86 344.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 288.12 344.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 308.50 344.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 316.83 344.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 329.85 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 332.59 344.25 Td (On ) Tj ET Q q 0 0 0 rg BT 347.56 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.52 344.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 400.25 344.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 424.37 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 439.33 344.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 493.16 344.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 522.56 344.25 Td (entitle ) Tj ET Q q 0 0 0 rg BT 550.30 344.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 79.31 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 89.14 332.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 120.05 332.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 147.08 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 157.46 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.72 332.25 Td (Company) Tj ET Q q 0 0 0 rg BT 213.39 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 219.32 332.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 258.60 332.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 283.42 332.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 307.12 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 316.95 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 331.21 332.25 Td (number ) Tj ET Q q 0 0 0 rg BT 363.80 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 374.18 332.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 404.54 332.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 457.67 332.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 486.38 332.25 Td (up ) Tj ET Q q 0 0 0 rg BT 498.42 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 508.25 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 524.73 332.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 320.25 Td (number ) Tj ET Q q 0 0 0 rg BT 97.26 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 108.09 320.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 152.26 320.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 205.84 320.25 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.68505859375 m 132.169921875 294.68505859375 l s q 0 0 0 rg BT 85.50 296.25 Td (Definitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.17 296.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.67 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.09 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.98 296.25 Td (All ) Tj ET Q q 0 0 0 rg BT 154.19 296.25 Td (words ) Tj ET Q q 0 0 0 rg BT 181.05 296.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 226.78 296.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 254.19 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.61 296.25 Td (are ) Tj ET Q q 0 0 0 rg BT 286.24 296.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 318.65 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.86 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 296.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 363.70 296.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 385.01 296.25 Td (have ) Tj ET Q q 0 0 0 rg BT 406.31 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.95 296.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 457.81 296.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 494.67 296.25 Td (them ) Tj ET Q q 0 0 0 rg BT 517.09 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.30 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.94 296.25 Td (Plan; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 284.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 118.35 284.25 Td (words ) Tj ET Q q 0 0 0 rg BT 145.30 284.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 166.68 284.25 Td (have ) Tj ET Q q 0 0 0 rg BT 188.06 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.78 284.25 Td (following ) Tj ET Q q 0 0 0 rg BT 244.16 284.25 Td (meaning, ) Tj ET Q q 0 0 0 rg BT 283.60 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 294.43 284.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 315.81 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 327.75 284.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 360.24 284.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 402.71 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.99 284.25 Td (this ) Tj ET Q q 0 0 0 rg BT 429.39 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 435.69 284.25 Td (ward:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 258.9169921875 m 201.88671875 258.9169921875 l s q 0 0 0 rg BT 89.94 260.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 118.97 260.25 Td (Reported ) Tj ET Q q 0 0 0 rg BT 158.00 260.25 Td (Production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.89 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.70 260.25 Td (means ) Tj ET Q q 0 0 0 rg BT 236.62 260.25 Td (production ) Tj ET Q q 0 0 0 rg BT 282.32 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.03 260.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 308.46 260.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 357.76 260.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 387.90 260.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 403.61 260.25 Td (liquids ) Tj ET Q q 0 0 0 rg BT 433.21 260.25 Td (\(NGLs\), ) Tj ET Q q 0 0 0 rg BT 478.06 260.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.20 260.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 526.41 260.25 Td (synthetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 65.91 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.69 248.25 Td (synthetic ) Tj ET Q q 0 0 0 rg BT 123.15 248.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 139.83 248.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 182.61 248.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.96 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.74 248.25 Td (BOE ) Tj ET Q q 0 0 0 rg BT 227.09 248.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 252.94 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.62 248.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 301.29 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.42 248.25 Td (each ) Tj ET Q q 0 0 0 rg BT 334.08 248.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 355.20 248.25 Td (Company) Tj ET Q q 0 0 0 rg BT 396.86 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 404.10 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.89 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.46 248.25 Td (Company) Tj ET Q q 0 0 0 rg BT 479.12 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 486.37 248.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 511.38 248.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 535.29 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 248.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 236.25 Td (Period, ) Tj ET Q q 0 0 0 rg BT 134.19 236.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 176.13 236.25 Td (production ) Tj ET Q q 0 0 0 rg BT 221.95 236.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 263.31 236.25 Td (from ) Tj ET Q q 0 0 0 rg BT 285.25 236.25 Td (each ) Tj ET Q q 0 0 0 rg BT 306.07 236.25 Td (such ) Tj ET Q q 0 0 0 rg BT 326.90 236.25 Td (company) Tj ET Q q 0 0 0 rg BT 366.33 236.25 Td (s ) Tj ET Q q 0 0 0 rg BT 372.72 236.25 Td (equity-method ) Tj ET Q q 0 0 0 rg BT 433.54 236.25 Td (investee\(s\), ) Tj ET Q q 0 0 0 rg BT 481.86 236.25 Td (if ) Tj ET Q q 0 0 0 rg BT 490.47 236.25 Td (any) Tj ET Q q 0 0 0 rg BT 504.26 236.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 212.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 210.9169921875 m 109.9384765625 210.9169921875 l s q 0 0 0 rg BT 89.94 212.25 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.13 212.25 Td (means ) Tj ET Q q 0 0 0 rg BT 145.42 212.25 Td (Barrels ) Tj ET Q q 0 0 0 rg BT 177.04 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 212.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 203.65 212.25 Td (Equivalent, ) Tj ET Q q 0 0 0 rg BT 252.22 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.40 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.81 212.25 Td (all ) Tj ET Q q 0 0 0 rg BT 296.56 212.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 334.86 212.25 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 365.64 212.25 Td (will ) Tj ET Q q 0 0 0 rg BT 383.95 212.25 Td (be ) Tj ET Q q 0 0 0 rg BT 396.13 212.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 439.41 212.25 Td (using ) Tj ET Q q 0 0 0 rg BT 463.83 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.79 212.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 499.86 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.94 212.25 Td (one ) Tj ET Q q 0 0 0 rg BT 528.13 212.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 554.19 212.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.21 200.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 89.76 200.25 Td (condensate ) Tj ET Q q 0 0 0 rg BT 136.69 200.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.52 200.25 Td (NGLs ) Tj ET Q q 0 0 0 rg BT 174.46 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.74 200.25 Td (six ) Tj ET Q q 0 0 0 rg BT 198.91 200.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 237.52 200.25 Td (cubic ) Tj ET Q q 0 0 0 rg BT 261.67 200.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 279.16 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.99 200.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 320.25 200.25 Td (gas. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 176.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 176.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 174.9169921875 m 146.83837890625 174.9169921875 l s q 0 0 0 rg BT 89.94 176.25 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 128.41 176.25 Td (Y) Tj ET Q q 0 0 0 rg BT 134.63 176.25 Td (ear) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.84 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.07 176.25 Td (means ) Tj ET Q q 0 0 0 rg BT 182.41 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.42 176.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 239.10 176.25 Td (period ) Tj ET Q q 0 0 0 rg BT 267.44 176.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 310.23 176.25 Td (January ) Tj ET Q q 0 0 0 rg BT 344.12 176.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 351.91 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.14 176.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 399.15 176.25 Td (December ) Tj ET Q q 0 0 0 rg BT 443.03 176.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 455.82 176.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.28 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.29 176.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.97 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.20 176.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 69.77 164.25 Td (Company) Tj ET Q q 0 0 0 rg BT 108.01 164.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 140.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 140.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 138.9169921875 m 342.638671875 138.9169921875 l s q 0 0 0 rg BT 89.94 140.25 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 137.31 140.25 Td (Estimate ) Tj ET Q q 0 0 0 rg BT 176.92 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.86 140.25 Td (General ) Tj ET Q q 0 0 0 rg BT 226.12 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.16 140.25 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 308.76 140.25 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.64 140.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 140.25 Td (means ) Tj ET Q q 0 0 0 rg BT 381.85 140.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.13 140.25 Td (each ) Tj ET Q q 0 0 0 rg BT 421.06 140.25 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 521.76 140.25 Td (Company) Tj ET Q q 0 0 0 rg BT 560.00 140.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (individually) Tj ET Q q 0 0 0 rg BT 97.18 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.89 128.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 113.53 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 127.96 128.25 Td (quotient ) Tj ET Q q 0 0 0 rg BT 162.94 128.25 Td (\(rounded ) Tj ET Q q 0 0 0 rg BT 201.24 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.23 128.25 Td (four ) Tj ET Q q 0 0 0 rg BT 230.10 128.25 Td (decimals ) Tj ET Q q 0 0 0 rg BT 267.84 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 284.49 128.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 326.13 128.25 Td (as ) Tj ET Q q 0 0 0 rg BT 336.66 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 343.31 128.25 Td (percentage\) ) Tj ET Q q 0 0 0 rg BT 392.15 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 402.68 128.25 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 416.55 128.25 Td ( ) Tj ET Q q 0 0 0 rg BT 418.76 128.25 Td (its ) Tj ET Q q 0 0 0 rg BT 430.41 128.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 443.18 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.82 128.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 489.79 128.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 505.33 128.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 543.07 128.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.06 116.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 137.50 116.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 169.27 116.25 Td (from ) Tj ET Q q 0 0 0 rg BT 190.50 116.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 237.83 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 254.05 116.25 Td (production ) Tj ET Q q 0 0 0 rg BT 299.16 116.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 337.05 116.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 350.49 116.25 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 389.50 116.25 Td (in ) Tj ET Q q 0 0 0 rg BT 399.06 116.25 Td (its ) Tj ET Q q 0 0 0 rg BT 410.29 116.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 433.75 116.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 456.09 116.25 Td (for ) Tj ET Q q 0 0 0 rg BT 469.53 116.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.54 116.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 536.41 116.25 Td (Period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 60.07 104.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 107.82 104.25 Td (with ) Tj ET Q q 0 0 0 rg BT 128.39 104.25 Td (Financial ) Tj ET Q q 0 0 0 rg BT 167.78 104.25 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 217.22 104.25 Td (Standards ) Tj ET Q q 0 0 0 rg BT 259.45 104.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 286.68 104.25 Td (Codification ) Tj ET Q q 0 0 0 rg BT 339.46 104.25 Td (\(F) Tj ET Q q 0 0 0 rg BT 352.05 104.25 Td (ASC\) ) Tj ET Q q 0 0 0 rg BT 382.06 104.25 Td (932-235-50 ) Tj ET Q q 0 0 0 rg BT 431.51 104.25 Td (\(F) Tj ET Q q 0 0 0 rg BT 444.10 104.25 Td (AS ) Tj ET Q q 0 0 0 rg BT 459.67 104.25 Td (69\) ) Tj ET Q q 0 0 0 rg BT 480.23 104.25 Td (in ) Tj ET Q q 0 0 0 rg BT 490.80 104.25 Td (its ) Tj ET Q q 0 0 0 rg BT 503.04 104.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 527.50 104.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 550.84 104.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 92.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 92.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 117.80 92.25 Td (Period\), ) Tj ET Q q 0 0 0 rg BT 152.24 92.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 184.73 92.25 Td (by ) Tj ET Q q 0 0 0 rg BT 197.23 92.25 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 211.39 92.25 Td ( ) Tj ET Q q 0 0 0 rg BT 213.89 92.25 Td (its ) Tj ET Q endstream endobj 231 0 obj <> endobj 232 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (total ) Tj ET Q q 0 0 0 rg BT 70.24 740.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 108.74 740.10 Td (from ) Tj ET Q q 0 0 0 rg BT 131.14 740.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 176.87 740.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 221.49 740.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 257.77 740.10 Td (on ) Tj ET Q q 0 0 0 rg BT 270.73 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 283.14 740.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 336.65 740.10 Td (income ) Tj ET Q q 0 0 0 rg BT 369.05 740.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 410.33 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.07 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 433.48 740.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 458.11 740.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 481.63 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 496.25 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.43 740.10 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (Period; ) Tj ET Q q 0 0 0 rg BT 80.92 728.10 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 124.57 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 137.11 728.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 151.86 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 163.85 728.10 Td (total ) Tj ET Q q 0 0 0 rg BT 184.16 728.10 Td (general ) Tj ET Q q 0 0 0 rg BT 216.12 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 233.10 728.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 292.85 728.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 331.48 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 353.46 728.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 398.77 728.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 442.96 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.16 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.92 728.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 525.54 728.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 554.19 728.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.32 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.82 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 109.76 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 162.81 716.10 Td (income ) Tj ET Q q 0 0 0 rg BT 194.74 716.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 235.56 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 245.84 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 257.79 716.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 281.96 716.10 Td (10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 692.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 692.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 690.7669921875 m 164.3720703125 690.7669921875 l s q 0 0 0 rg BT 89.94 692.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 122.99 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.82 692.10 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.37 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.31 692.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 201.86 692.10 Td (without ) Tj ET Q q 0 0 0 rg BT 234.91 692.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 278.80 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.52 692.10 Td (same ) Tj ET Q q 0 0 0 rg BT 316.56 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.39 692.10 Td (it ) Tj ET Q q 0 0 0 rg BT 335.45 692.10 Td (does ) Tj ET Q q 0 0 0 rg BT 356.28 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.56 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.28 692.10 Td (Plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 668.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 666.7669921875 m 145.7587890625 666.7669921875 l s q 0 0 0 rg BT 89.94 668.10 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 126.88 668.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.76 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.16 668.10 Td (means ) Tj ET Q q 0 0 0 rg BT 179.66 668.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 191.06 668.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.12 668.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 236.08 668.10 Td (6\(b\), ) Tj ET Q q 0 0 0 rg BT 257.76 668.10 Td (7\(c\)\(i\), ) Tj ET Q q 0 0 0 rg BT 287.76 668.10 Td (\(ii\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 304.43 668.10 Td (or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.76 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 314.72 668.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 331.67 668.10 Td (apply) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.89 668.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 358.35 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.52 668.10 Td (date ) Tj ET Q q 0 0 0 rg BT 391.13 668.10 Td (on ) Tj ET Q q 0 0 0 rg BT 403.09 668.10 Td (which ) Tj ET Q q 0 0 0 rg BT 429.49 668.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 482.53 668.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 511.15 668.10 Td (are ) Tj ET Q q 0 0 0 rg BT 525.31 668.10 Td (delivered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.96 656.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 90.42 656.10 Td (which ) Tj ET Q q 0 0 0 rg BT 117.54 656.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 139.11 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 151.24 656.10 Td (no ) Tj ET Q q 0 0 0 rg BT 163.92 656.10 Td (later ) Tj ET Q q 0 0 0 rg BT 184.37 656.10 Td (than ) Tj ET Q q 0 0 0 rg BT 204.28 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.18 656.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 242.41 656.10 Td (set ) Tj ET Q q 0 0 0 rg BT 256.20 656.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 278.33 656.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 288.79 656.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 322.59 656.10 Td (6\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.81 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 342.49 656.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 353.51 656.10 Td (7\(c\)\(i\), ) Tj ET Q q 0 0 0 rg BT 384.23 656.10 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.45 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 399.13 656.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 410.15 656.10 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 425.14 656.10 Td (, ) Tj ET Q q 0 0 0 rg BT 430.33 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 441.35 656.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 485.12 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 496.14 656.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 511.04 656.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 519.83 656.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 557.52 656.10 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.45 644.10 Td (or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 72.78 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 75.52 644.10 Td (7\(c\)\(i\), ) Tj ET Q q 0 0 0 rg BT 106.28 644.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.23 644.10 Td (or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 129.56 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 132.30 644.10 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 150.02 644.10 Td (do ) Tj ET Q q 0 0 0 rg BT 162.75 644.10 Td (not ) Tj ET Q q 0 0 0 rg BT 178.26 644.10 Td (apply) Tj ET Q q 0 0 0 rg BT 199.83 644.10 Td (, ) Tj ET Q q 0 0 0 rg BT 205.06 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 220.01 644.10 Td (date ) Tj ET Q q 0 0 0 rg BT 239.40 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 252.13 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 279.30 644.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 310.35 644.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 364.17 644.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 393.56 644.10 Td (are ) Tj ET Q q 0 0 0 rg BT 408.50 644.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 448.43 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.94 644.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 486.31 644.10 Td (, ) Tj ET Q q 0 0 0 rg BT 491.54 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 518.71 644.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 540.33 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 552.50 644.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (later ) Tj ET Q q 0 0 0 rg BT 69.76 632.10 Td (than ) Tj ET Q q 0 0 0 rg BT 89.48 632.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 101.98 632.10 Td (days ) Tj ET Q q 0 0 0 rg BT 122.81 632.10 Td (following ) Tj ET Q q 0 0 0 rg BT 164.20 632.10 Td (March ) Tj ET Q q 0 0 0 rg BT 192.80 632.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 207.80 632.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 230.30 632.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 250.84 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.38 632.10 Td (V) Tj ET Q q 0 0 0 rg BT 271.49 632.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 297.88 632.10 Td (Date\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 608.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 608.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 606.7669921875 m 129.3818359375 606.7669921875 l s q 0 0 0 rg BT 89.94 608.10 Td (Disability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.38 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.32 608.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 166.87 608.10 Td (without ) Tj ET Q q 0 0 0 rg BT 199.92 608.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 243.81 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.53 608.10 Td (same ) Tj ET Q q 0 0 0 rg BT 281.57 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 292.40 608.10 Td (it ) Tj ET Q q 0 0 0 rg BT 300.46 608.10 Td (does ) Tj ET Q q 0 0 0 rg BT 321.29 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.57 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.29 608.10 Td (Plan. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 584.10 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 582.7669921875 m 199.8486328125 582.7669921875 l s q 0 0 0 rg BT 89.94 584.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 120.18 584.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 173.19 584.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.85 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 206.21 584.10 Td (means ) Tj ET Q q 0 0 0 rg BT 233.68 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.83 584.10 Td (number ) Tj ET Q q 0 0 0 rg BT 280.30 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.55 584.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 343.56 584.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 372.15 584.10 Td (which ) Tj ET Q q 0 0 0 rg BT 398.51 584.10 Td (are ) Tj ET Q q 0 0 0 rg BT 412.65 584.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 441.22 584.10 Td (during ) Tj ET Q q 0 0 0 rg BT 469.25 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.39 584.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 536.40 584.10 Td (Period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 572.10 Td (described ) Tj ET Q q 0 0 0 rg BT 101.15 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.08 572.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 161.11 572.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 171.39 572.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 205.00 572.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.00 572.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 548.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.95 548.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.384765625 546.7669921875 m 216.6865234375 546.7669921875 l s q 0 0 0 rg BT 92.38 548.10 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 136.50 548.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 190.03 548.10 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 216.69 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 223.57 548.10 Td (means ) Tj ET Q q 0 0 0 rg BT 251.56 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.23 548.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 309.23 548.10 Td (number ) Tj ET Q q 0 0 0 rg BT 342.22 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 353.00 548.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 406.53 548.10 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 438.13 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 448.91 548.10 Td (set ) Tj ET Q q 0 0 0 rg BT 462.46 548.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 484.35 548.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 494.57 548.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 528.13 548.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 533.13 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 538.07 548.10 Td (which ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.22 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 81.16 536.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 110.30 536.10 Td (under ) Tj ET Q q 0 0 0 rg BT 135.57 536.10 Td (this ) Tj ET Q q 0 0 0 rg BT 151.97 536.10 Td (A) Tj ET Q q 0 0 0 rg BT 158.27 536.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 180.76 536.10 Td (if ) Tj ET Q q 0 0 0 rg BT 189.37 536.10 Td (there ) Tj ET Q q 0 0 0 rg BT 211.85 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 226.56 536.10 Td (no ) Tj ET Q q 0 0 0 rg BT 239.06 536.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 283.22 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 293.49 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.21 536.10 Td (number ) Tj ET Q q 0 0 0 rg BT 341.26 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 352.09 536.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 405.67 536.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 434.83 536.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 460.10 536.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 493.71 536.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 498.71 536.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 512.10 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 510.7669921875 m 233.5224609375 510.7669921875 l s q 0 0 0 rg BT 89.94 512.10 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 188.53 512.10 Td (Companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.52 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.46 512.10 Td (means ) Tj ET Q q 0 0 0 rg BT 268.51 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.22 512.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 303.49 512.10 Td (Companies ) Tj ET Q q 0 0 0 rg BT 350.99 512.10 Td (so ) Tj ET Q q 0 0 0 rg BT 362.38 512.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 407.64 512.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.92 512.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 461.55 512.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.78 512.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 488.10 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 486.7669921875 m 149.09375 486.7669921875 l s q 0 0 0 rg BT 89.94 488.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 110.21 488.10 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.09 488.10 Td (means ) Tj ET Q q 0 0 0 rg BT 184.08 488.10 Td (each ) Tj ET Q q 0 0 0 rg BT 204.89 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.72 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.44 488.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 275.71 488.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 299.87 488.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.37 488.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 356.00 488.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.22 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.72 488.10 Td (hereto, ) Tj ET Q q 0 0 0 rg BT 395.71 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.54 488.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 442.37 488.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 479.30 488.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.58 488.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 533.21 488.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.44 488.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 464.10 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 462.7669921875 m 174.064453125 462.7669921875 l s q 0 0 0 rg BT 89.94 464.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.52 464.10 Td (Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.06 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.00 464.10 Td (means ) Tj ET Q q 0 0 0 rg BT 209.05 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.77 464.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 270.15 464.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 307.08 464.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 339.56 464.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.84 464.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 383.45 464.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.45 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.95 464.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.11 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.83 464.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 473.41 464.10 Td (Period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 440.10 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 438.7669921875 m 189.5185546875 438.7669921875 l s q 0 0 0 rg BT 89.94 440.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 145.66 440.10 Td (Percentage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.52 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.59 440.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 231.27 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.90 440.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 298.83 440.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 348.45 440.10 Td (based ) Tj ET Q q 0 0 0 rg BT 375.85 440.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.49 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.34 440.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 451.95 440.10 Td (ranking ) Tj ET Q q 0 0 0 rg BT 487.13 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.09 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 440.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 440.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 95.60 428.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 132.24 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.11 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.54 428.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 213.84 428.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 242.17 428.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 283.80 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.80 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.23 428.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 354.32 428.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 390.97 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.51 428.10 Td (each ) Tj ET Q q 0 0 0 rg BT 422.04 428.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 442.02 428.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 483.13 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.00 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.43 428.10 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 78.11 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.94 416.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 136.42 416.10 Td (under ) Tj ET Q q 0 0 0 rg BT 161.69 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.40 416.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 220.57 416.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.40 416.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 265.01 416.10 Td (4\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.11 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.11 416.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.94 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.21 416.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 367.48 416.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.75 416.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 430.25 416.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.75 416.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.69 416.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.69 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.69 416.10 Td (if ) Tj ET Q q 0 0 0 rg BT 478.29 416.10 Td (any) Tj ET Q q 0 0 0 rg BT 492.08 416.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 392.10 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 390.7669921875 m 169.630859375 390.7669921875 l s q 0 0 0 rg BT 89.94 392.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.52 392.10 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 169.63 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 176.57 392.10 Td (means ) Tj ET Q q 0 0 0 rg BT 204.62 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 219.33 392.10 Td (period ) Tj ET Q q 0 0 0 rg BT 247.38 392.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 289.88 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 302.38 392.10 Td (January ) Tj ET Q q 0 0 0 rg BT 335.97 392.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 345.97 392.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 370.97 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 387.91 392.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 417.63 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 430.13 392.10 Td (December ) Tj ET Q q 0 0 0 rg BT 473.71 392.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 488.71 392.10 Td (2016. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 368.10 Td (\(o\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 86.81 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.13 368.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.5634765625 366.7669921875 m 270.5234375 366.7669921875 l s q 0 0 0 rg BT 92.56 368.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.96 368.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 172.38 368.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 199.24 368.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 240.54 368.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 270.52 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 276.27 368.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 305.63 368.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 318.04 368.10 Td (for ) Tj ET Q q 0 0 0 rg BT 331.02 368.10 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 407.87 368.10 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 456.67 368.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 486.30 368.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 519.55 368.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.19 368.10 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.14 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 356.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 127.18 356.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 158.81 356.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 200.44 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.86 356.10 Td (each ) Tj ET Q q 0 0 0 rg BT 229.81 356.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 249.22 356.10 Td (Company) Tj ET Q q 0 0 0 rg BT 290.89 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 296.42 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.50 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.36 356.10 Td (Company) Tj ET Q q 0 0 0 rg BT 368.02 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 373.55 356.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 396.86 356.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 419.06 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.36 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.21 356.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 498.94 356.10 Td (Period, ) Tj ET Q q 0 0 0 rg BT 529.19 356.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.02 344.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 91.85 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.81 344.10 Td (following ) Tj ET Q q 0 0 0 rg BT 146.43 344.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 172.34 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.41 344.10 Td (applicable: ) Tj ET Q q 0 0 0 rg BT 228.02 344.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 239.19 344.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.37 344.10 Td (income ) Tj ET Q q 0 0 0 rg BT 301.54 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.72 344.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 354.44 344.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 368.40 344.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 415.68 344.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 452.41 344.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 469.14 344.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 510.59 344.10 Td (depreciation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.13 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.66 332.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 160.39 332.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 198.46 332.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 215.99 332.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 264.64 332.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 307.71 332.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 331.91 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.44 332.10 Td (losses; ) Tj ET Q q 0 0 0 rg BT 379.20 332.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 393.95 332.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 443.14 332.10 Td (char) Tj ET Q q 0 0 0 rg BT 460.16 332.10 Td (ges; ) Tj ET Q q 0 0 0 rg BT 479.36 332.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 496.89 332.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 521.09 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.62 332.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.95 320.10 Td (on ) Tj ET Q q 0 0 0 rg BT 99.09 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.44 320.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 179.24 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.70 320.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 213.83 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.41 320.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 251.76 320.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 276.01 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 320.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 320.61 320.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 357.06 320.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.20 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.55 320.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 424.22 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.69 320.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 454.37 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.84 320.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 494.81 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.38 320.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 527.18 320.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.97 320.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 128.47 308.10 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 179.41 308.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 211.16 308.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 246.53 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.29 308.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 295.05 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.48 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.14 308.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 345.34 308.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.66 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.43 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.08 308.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.41 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.62 308.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.02 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 538.23 308.10 Td (F) Tj ET Q q 0 0 0 rg BT 543.05 308.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (932-235-50 ) Tj ET Q q 0 0 0 rg BT 99.37 296.10 Td (\(previously ) Tj ET Q q 0 0 0 rg BT 148.13 296.10 Td (F) Tj ET Q q 0 0 0 rg BT 152.95 296.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 168.94 296.10 Td (69\), ) Tj ET Q q 0 0 0 rg BT 187.98 296.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 224.51 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.50 296.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 269.80 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.23 296.10 Td (following ) Tj ET Q q 0 0 0 rg BT 327.33 296.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 354.70 296.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.24 296.10 Td (applicable: ) Tj ET Q q 0 0 0 rg BT 413.32 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.53 296.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 429.17 296.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.82 296.10 Td (income ) Tj ET Q q 0 0 0 rg BT 494.46 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.11 296.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 550.30 296.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 96.85 284.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 133.64 284.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 150.44 284.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 191.95 284.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 245.67 284.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 298.02 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.26 284.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 352.70 284.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 389.49 284.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.30 284.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 407.54 284.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 454.90 284.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 496.68 284.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.59 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.84 284.10 Td (losses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 62.91 272.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 110.76 272.10 Td (char) Tj ET Q q 0 0 0 rg BT 127.78 272.10 Td (ges; ) Tj ET Q q 0 0 0 rg BT 145.64 272.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 161.83 272.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 184.69 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.88 272.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 226.52 272.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 261.58 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.33 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.30 272.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 350.71 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.79 272.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 382.53 272.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 401.50 272.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 424.36 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.54 272.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 466.19 272.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 501.25 272.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.00 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 272.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.28 260.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 80.29 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.07 260.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 121.36 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.25 260.10 Td (\(viii\) ) Tj ET Q q 0 0 0 rg BT 162.70 260.10 Td (general ) Tj ET Q q 0 0 0 rg BT 195.58 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.47 260.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 274.13 260.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 313.68 260.10 Td (related ) Tj ET Q q 0 0 0 rg BT 344.34 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.57 260.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 401.80 260.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 449.41 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.87 260.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 507.41 260.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 536.97 260.10 Td (Pretax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.36 248.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 123.23 248.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.76 248.10 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 234.73 248.10 Td (Companies ) Tj ET Q q 0 0 0 rg BT 281.60 248.10 Td (will ) Tj ET Q q 0 0 0 rg BT 299.04 248.10 Td (also ) Tj ET Q q 0 0 0 rg BT 317.02 248.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.34 248.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 361.86 248.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.74 248.10 Td (such ) Tj ET Q q 0 0 0 rg BT 393.95 248.10 Td (company) Tj ET Q q 0 0 0 rg BT 433.38 248.10 Td (s ) Tj ET Q q 0 0 0 rg BT 439.15 248.10 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 483.78 248.10 Td (Estimate ) Tj ET Q q 0 0 0 rg BT 520.65 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.86 248.10 Td (General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 236.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 129.50 236.10 Td (Expense. ) Tj ET Q q 0 0 0 rg BT 169.00 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.13 236.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 226.34 236.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 255.58 236.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 284.26 236.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 327.37 236.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 360.48 236.10 Td (will ) Tj ET Q q 0 0 0 rg BT 379.17 236.10 Td (include ) Tj ET Q q 0 0 0 rg BT 411.73 236.10 Td (all ) Tj ET Q q 0 0 0 rg BT 424.86 236.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 469.64 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.10 236.10 Td (each ) Tj ET Q q 0 0 0 rg BT 502.54 236.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.00 236.10 Td (company) Tj ET Q q 0 0 0 rg BT 560.01 236.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (other ) Tj ET Q q 0 0 0 rg BT 71.37 224.10 Td (than ) Tj ET Q q 0 0 0 rg BT 89.92 224.10 Td (those ) Tj ET Q q 0 0 0 rg BT 112.35 224.10 Td (related ) Tj ET Q q 0 0 0 rg BT 140.88 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.98 224.10 Td (an ) Tj ET Q q 0 0 0 rg BT 160.75 224.10 Td (equity-method ) Tj ET Q q 0 0 0 rg BT 220.39 224.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 268.10 224.10 Td (including ) Tj ET Q q 0 0 0 rg BT 307.20 224.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.18 224.10 Td (that ) Tj ET Q q 0 0 0 rg BT 366.50 224.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 396.15 224.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.81 224.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 458.24 224.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 501.22 224.10 Td (under ) Tj ET Q q 0 0 0 rg BT 525.31 224.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.97 212.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.34 212.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 175.28 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.55 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.27 212.10 Td (United ) Tj ET Q q 0 0 0 rg BT 229.99 212.10 Td (States ) Tj ET Q q 0 0 0 rg BT 256.38 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.65 212.10 Td (America.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 188.10 Td (\(p\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 188.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 186.76699218750002 m 318.6552734375 186.76699218750002 l s q 0 0 0 rg BT 89.94 188.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.90 188.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 174.88 188.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 204.30 188.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 248.16 188.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 282.01 188.10 Td (per ) Tj ET Q q 0 0 0 rg BT 298.66 188.10 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.66 188.10 Td ( ) Tj ET Q q 0 0 0 rg BT 326.97 188.10 Td (means ) Tj ET Q q 0 0 0 rg BT 356.39 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 371.92 188.10 Td (each ) Tj ET Q q 0 0 0 rg BT 394.11 188.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 415.75 188.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 458.51 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.82 188.10 Td (for ) Tj ET Q q 0 0 0 rg BT 492.35 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.44 188.10 Td (Company) Tj ET Q q 0 0 0 rg BT 546.68 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 553.05 188.10 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 176.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 131.69 176.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 159.74 176.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 202.22 176.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 234.71 176.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 267.21 176.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.71 176.10 Td (its ) Tj ET Q q 0 0 0 rg BT 291.10 176.10 Td (Actual ) Tj ET Q q 0 0 0 rg BT 320.26 176.10 Td (Reported ) Tj ET Q q 0 0 0 rg BT 359.41 176.10 Td (Production.) Tj ET Q endstream endobj 233 0 obj <> endobj 234 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 740.25 Td (\(q\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 740.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 738.9169921875 m 230.28515625 738.9169921875 l s q 0 0 0 rg BT 89.94 740.25 Td (Post ) Tj ET Q q 0 0 0 rg BT 109.90 740.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 155.39 740.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 188.67 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.73 740.25 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.29 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.45 740.25 Td (means ) Tj ET Q q 0 0 0 rg BT 265.73 740.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.90 740.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 306.17 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.23 740.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 350.52 740.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.24 740.25 Td (closes ) Tj ET Q q 0 0 0 rg BT 395.41 740.25 Td (following ) Tj ET Q q 0 0 0 rg BT 437.03 740.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 465.17 740.25 Td () Tj ET Q q 0 0 0 rg BT 467.95 740.25 Td (s ) Tj ET Q q 0 0 0 rg BT 474.57 740.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 522.56 740.25 Td (but ) Tj ET Q q 0 0 0 rg BT 538.07 740.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.12 728.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 115.18 728.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 149.13 728.25 Td (from ) Tj ET Q q 0 0 0 rg BT 170.86 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.37 728.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 253.21 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.83 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.34 728.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 311.18 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.80 728.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 354.66 728.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 376.39 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 386.46 728.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 414.60 728.25 Td () Tj ET Q q 0 0 0 rg BT 417.38 728.25 Td (s ) Tj ET Q q 0 0 0 rg BT 423.56 728.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 471.12 728.25 Td (For ) Tj ET Q q 0 0 0 rg BT 487.31 728.25 Td (all ) Tj ET Q q 0 0 0 rg BT 499.60 728.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 537.44 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.07 728.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 716.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 80.48 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.88 716.25 Td (term ) Tj ET Q q 0 0 0 rg BT 115.38 716.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.82 716.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 191.42 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.94 716.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.12 716.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 244.08 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.60 716.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 279.97 716.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.37 716.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 315.44 716.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 339.28 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.67 716.25 Td (date ) Tj ET Q q 0 0 0 rg BT 372.51 716.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.70 716.25 Td (which ) Tj ET Q q 0 0 0 rg BT 411.32 716.25 Td (any ) Tj ET Q q 0 0 0 rg BT 427.94 716.25 Td (material ) Tj ET Q q 0 0 0 rg BT 462.88 716.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 492.00 716.25 Td (including ) Tj ET Q q 0 0 0 rg BT 531.95 716.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 91.22 704.25 Td (through ) Tj ET Q q 0 0 0 rg BT 125.16 704.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.43 704.25 Td (written ) Tj ET Q q 0 0 0 rg BT 163.58 704.25 Td (of) Tj ET Q q 0 0 0 rg BT 171.73 704.25 Td (fer) Tj ET Q q 0 0 0 rg BT 182.43 704.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.76 704.25 Td (open-market ) Tj ET Q q 0 0 0 rg BT 241.13 704.25 Td (bid, ) Tj ET Q q 0 0 0 rg BT 259.23 704.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 299.82 704.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 329.58 704.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 355.75 704.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 403.01 704.25 Td (or ) Tj ET Q q 0 0 0 rg BT 414.18 704.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 458.38 704.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.88 704.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 492.37 704.25 Td (by ) Tj ET Q q 0 0 0 rg BT 505.20 704.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.47 704.25 Td (person ) Tj ET Q q 0 0 0 rg BT 550.84 704.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.33 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.96 692.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 125.81 692.25 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 150.32 692.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.49 692.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 194.34 692.25 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 230.51 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.69 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.75 692.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 278.97 692.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 302.09 692.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.27 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.56 692.25 Td (group ) Tj ET Q q 0 0 0 rg BT 355.61 692.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 370.12 692.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 402.96 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.59 692.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 446.43 692.25 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 482.60 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.78 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.84 692.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 531.06 692.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 554.18 692.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.78 680.25 Td (af) Tj ET Q q 0 0 0 rg BT 78.37 680.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 111.04 680.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.78 680.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 168.05 680.25 Td (ef) Tj ET Q q 0 0 0 rg BT 175.64 680.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 196.93 680.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 217.38 680.25 Td (within ) Tj ET Q q 0 0 0 rg BT 245.90 680.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 258.86 680.25 Td (months ) Tj ET Q q 0 0 0 rg BT 291.26 680.25 Td (after ) Tj ET Q q 0 0 0 rg BT 312.54 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.71 680.25 Td (date ) Tj ET Q q 0 0 0 rg BT 347.33 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.62 680.25 Td (such ) Tj ET Q q 0 0 0 rg BT 379.91 680.25 Td (material ) Tj ET Q q 0 0 0 rg BT 415.62 680.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 445.52 680.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 469.02 680.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.76 680.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.16 680.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 520.66 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.95 680.25 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 90.33 668.25 Td (such ) Tj ET Q q 0 0 0 rg BT 111.17 668.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 142.83 668.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 171.16 668.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.99 668.25 Td (their ) Tj ET Q q 0 0 0 rg BT 202.81 668.25 Td (af) Tj ET Q q 0 0 0 rg BT 210.40 668.25 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (\(r\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.00 644.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.4384765625 642.9169921875 m 215.470703125 642.9169921875 l s q 0 0 0 rg BT 92.44 644.25 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 170.48 644.25 Td (Companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.47 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.41 644.25 Td (means ) Tj ET Q q 0 0 0 rg BT 250.46 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.17 644.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 306.56 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 323.50 644.25 Td (those ) Tj ET Q q 0 0 0 rg BT 347.11 644.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 392.37 644.25 Td (so ) Tj ET Q q 0 0 0 rg BT 403.76 644.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 449.03 644.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 459.30 644.25 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 502.94 644.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 510.16 644.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 620.25 Td (\(s\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 88.24 620.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.6826171875 618.9169921875 m 144.3037109375 618.9169921875 l s q 0 0 0 rg BT 92.68 620.25 Td (V) Tj ET Q q 0 0 0 rg BT 98.80 620.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 125.43 620.25 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 144.30 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 151.49 620.25 Td (means ) Tj ET Q q 0 0 0 rg BT 179.78 620.25 Td (March ) Tj ET Q q 0 0 0 rg BT 208.62 620.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 223.86 620.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 246.61 620.25 Td (or ) Tj ET Q q 0 0 0 rg BT 257.68 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.64 620.25 Td (ef) Tj ET Q q 0 0 0 rg BT 280.23 620.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 310.18 620.25 Td (date ) Tj ET Q q 0 0 0 rg BT 329.58 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 340.65 620.25 Td (any ) Tj ET Q q 0 0 0 rg BT 357.83 620.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 386.11 620.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 398.29 620.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 431.58 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 442.66 620.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 475.96 620.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 513.14 620.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 523.66 620.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 557.52 620.25 Td (6) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.72 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 64.22 608.25 Td (or ) Tj ET Q q 0 0 0 rg BT 75.05 608.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 89.77 608.25 Td (death, ) Tj ET Q q 0 0 0 rg BT 116.42 608.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 158.37 608.25 Td (or ) Tj ET Q q 0 0 0 rg BT 169.20 608.25 Td (Post ) Tj ET Q q 0 0 0 rg BT 188.93 608.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 234.19 608.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 267.24 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.07 608.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 311.13 608.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 348.06 608.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 358.34 608.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 395.84 608.25 Td (7\(c\)\(i\), ) Tj ET Q q 0 0 0 rg BT 426.38 608.25 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 438.60 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 441.10 608.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 451.93 608.25 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 466.92 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 471.92 608.25 Td (as ) Tj ET Q q 0 0 0 rg BT 482.75 608.25 Td (appropriate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (3. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 582.68505859375 m 262.0576171875 582.68505859375 l s q 0 0 0 rg BT 85.50 584.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 142.99 584.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 163.37 584.25 Td (es ) Tj ET Q q 0 0 0 rg BT 173.67 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 184.54 584.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 238.17 584.25 Td (Right) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 262.06 584.25 Td (. ) Tj ET Q q 0 0 0 rg BT 266.53 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 268.50 584.25 Td (Each ) Tj ET Q q 0 0 0 rg BT 290.45 584.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 343.51 584.25 Td (Share ) Tj ET Q q 0 0 0 rg BT 368.25 584.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 410.75 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 417.16 584.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 463.55 584.25 Td (right ) Tj ET Q q 0 0 0 rg BT 484.41 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.16 584.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 524.99 584.25 Td (one ) Tj ET Q q 0 0 0 rg BT 541.40 584.25 Td (share ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.02 572.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 101.43 572.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 127.39 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.91 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.31 572.25 Td (Company) Tj ET Q q 0 0 0 rg BT 192.54 572.25 Td (, ) Tj ET Q q 0 0 0 rg BT 198.23 572.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 229.74 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 240.70 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.10 572.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 281.51 572.25 Td (and ) Tj ET Q q 0 0 0 rg BT 299.13 572.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 343.98 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 355.50 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 372.43 572.25 Td (A) Tj ET Q q 0 0 0 rg BT 378.73 572.25 Td (ward; ) Tj ET Q q 0 0 0 rg BT 404.68 572.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 443.42 572.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 464.10 572.25 Td (based ) Tj ET Q q 0 0 0 rg BT 490.05 572.25 Td (on ) Tj ET Q q 0 0 0 rg BT 503.23 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.64 572.25 Td (EBITDAX ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 86.78 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 97.96 560.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 132.47 560.25 Td (below) Tj ET Q q 0 0 0 rg BT 156.26 560.25 Td (, ) Tj ET Q q 0 0 0 rg BT 161.61 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.68 560.25 Td (number ) Tj ET Q q 0 0 0 rg BT 210.08 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 221.26 560.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 275.20 560.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 304.71 560.25 Td (that ) Tj ET Q q 0 0 0 rg BT 322.56 560.25 Td (become ) Tj ET Q q 0 0 0 rg BT 356.51 560.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 387.68 560.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 441.61 560.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 471.13 560.25 Td (may ) Tj ET Q q 0 0 0 rg BT 491.20 560.25 Td (range ) Tj ET Q q 0 0 0 rg BT 516.26 560.25 Td (from ) Tj ET Q q 0 0 0 rg BT 538.55 560.25 Td (0% ) Tj ET Q q 0 0 0 rg BT 554.73 560.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 75.36 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 86.22 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.96 548.25 Td (number ) Tj ET Q q 0 0 0 rg BT 134.04 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.90 548.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 189.09 548.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 242.70 548.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 274.39 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 291.36 548.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 319.50 548.25 Td () Tj ET Q q 0 0 0 rg BT 322.27 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 328.69 548.25 Td (right ) Tj ET Q q 0 0 0 rg BT 350.11 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 360.42 548.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 391.81 548.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 431.56 548.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 456.87 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.73 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 482.47 548.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 523.89 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 534.19 548.25 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 536.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 113.91 536.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 143.07 536.25 Td (is ) Tj ET Q q 0 0 0 rg BT 152.24 536.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 191.95 536.25 Td (contingent.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 510.68505859375 m 382.755859375 510.68505859375 l s q 0 0 0 rg BT 85.50 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.52 512.25 Td (Per) Tj ET Q q 0 0 0 rg BT 158.33 512.25 Td (centage ) Tj ET Q q 0 0 0 rg BT 193.03 512.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 227.02 512.25 Td (W) Tj ET Q q 0 0 0 rg BT 236.84 512.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 251.01 512.25 Td (Respect ) Tj ET Q q 0 0 0 rg BT 286.83 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.66 512.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 345.73 512.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 378.32 512.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.76 512.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.76 512.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 488.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.43 488.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.43 488.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 156.70 488.25 Td (Measure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.13 488.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.13 488.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.52 488.25 Td (means, ) Tj ET Q q 0 0 0 rg BT 230.96 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.00 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.61 488.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.88 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.71 488.25 Td (each ) Tj ET Q q 0 0 0 rg BT 343.41 488.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 364.57 488.25 Td (Company: ) Tj ET Q q 0 0 0 rg BT 409.62 488.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 464.09 488.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 493.59 488.25 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 522.52 488.25 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.99 476.25 Td (per ) Tj ET Q q 0 0 0 rg BT 97.25 476.25 Td (BOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 452.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.79 452.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 150.42 452.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 187.60 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.68 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 452.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.28 452.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.47 452.25 Td (each ) Tj ET Q q 0 0 0 rg BT 293.53 452.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 314.05 452.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.68 452.25 Td (is ) Tj ET Q q 0 0 0 rg BT 365.10 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.63 452.25 Td (be ) Tj ET Q q 0 0 0 rg BT 387.81 452.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 431.09 452.25 Td (as ) Tj ET Q q 0 0 0 rg BT 442.17 452.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 463.80 452.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.88 452.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 512.05 452.25 Td (after ) Tj ET Q q 0 0 0 rg BT 533.11 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.08 452.25 Td (end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.02 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 440.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 127.71 440.25 Td (Period. ) Tj ET Q q 0 0 0 rg BT 158.51 440.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.71 440.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 184.00 440.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 226.72 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.58 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.99 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.07 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.70 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.55 440.25 Td (each ) Tj ET Q q 0 0 0 rg BT 347.06 440.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 367.03 440.25 Td (Company) Tj ET Q q 0 0 0 rg BT 405.26 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 409.96 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.37 440.25 Td (exact ) Tj ET Q q 0 0 0 rg BT 447.65 440.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 493.73 440.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 530.35 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.21 440.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.10 428.25 Td (company ) Tj ET Q q 0 0 0 rg BT 109.02 428.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 130.17 428.25 Td (be ) Tj ET Q q 0 0 0 rg BT 141.88 428.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 165.81 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.86 428.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 210.35 428.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 217.62 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.21 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.70 428.25 Td (table ) Tj ET Q q 0 0 0 rg BT 264.40 428.25 Td (below ) Tj ET Q q 0 0 0 rg BT 291.10 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.15 428.25 Td (descending ) Tj ET Q q 0 0 0 rg BT 348.40 428.25 Td (order ) Tj ET Q q 0 0 0 rg BT 371.77 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.37 428.25 Td (their ) Tj ET Q q 0 0 0 rg BT 402.96 428.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 445.76 428.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 491.91 428.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 528.60 428.25 Td (from ) Tj ET Q q 0 0 0 rg BT 550.31 428.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 80.89 416.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.69 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.97 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.68 416.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 180.29 416.25 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 228.59 416.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 392.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 120.23 392.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 127.73 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.56 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.27 392.25 Td (table ) Tj ET Q q 0 0 0 rg BT 175.21 392.25 Td (below ) Tj ET Q q 0 0 0 rg BT 202.15 392.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 223.53 392.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 251.56 392.25 Td (each ) Tj ET Q q 0 0 0 rg BT 272.38 392.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.21 392.25 Td (company) Tj ET Q q 0 0 0 rg BT 332.64 392.25 Td (s ) Tj ET Q q 0 0 0 rg BT 339.04 392.25 Td (name. ) Tj ET Q q 0 0 0 rg BT 365.69 392.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 368.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.21 368.25 Td (percentages ) Tj ET Q q 0 0 0 rg BT 152.57 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.51 368.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 196.90 368.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 204.06 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.55 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.93 368.25 Td (table ) Tj ET Q q 0 0 0 rg BT 250.53 368.25 Td (below ) Tj ET Q q 0 0 0 rg BT 277.13 368.25 Td (are ) Tj ET Q q 0 0 0 rg BT 291.50 368.25 Td (based ) Tj ET Q q 0 0 0 rg BT 316.43 368.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 338.60 368.25 Td (increments ) Tj ET Q q 0 0 0 rg BT 384.63 368.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 416.78 368.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.94 368.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 464.44 368.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 489.93 368.25 Td (by ) Tj ET Q q 0 0 0 rg BT 502.10 368.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 514.26 368.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 531.97 368.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.62 356.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 81.18 356.25 Td (Companies\), ) Tj ET Q q 0 0 0 rg BT 134.79 356.25 Td (which ) Tj ET Q q 0 0 0 rg BT 162.02 356.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 208.11 356.25 Td (increments ) Tj ET Q q 0 0 0 rg BT 254.77 356.25 Td (will ) Tj ET Q q 0 0 0 rg BT 273.12 356.25 Td (be ) Tj ET Q q 0 0 0 rg BT 285.35 356.25 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 323.96 356.25 Td (if ) Tj ET Q q 0 0 0 rg BT 332.86 356.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 371.08 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.37 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 389.16 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 396.38 356.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 412.50 356.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 430.28 356.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 453.07 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.64 356.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 491.96 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.19 356.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 539.74 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.31 356.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.78 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.84 344.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 114.34 344.25 Td (Companies ) Tj ET Q q 0 0 0 rg BT 162.06 344.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 179.79 344.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 218.89 344.25 Td (if ) Tj ET Q q 0 0 0 rg BT 227.73 344.25 Td (at ) Tj ET Q q 0 0 0 rg BT 237.68 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.62 344.25 Td (end ) Tj ET Q q 0 0 0 rg BT 269.79 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.85 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.80 344.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 349.62 344.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 378.46 344.25 Td (there ) Tj ET Q q 0 0 0 rg BT 401.17 344.25 Td (were ) Tj ET Q q 0 0 0 rg BT 423.33 344.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 436.06 344.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 456.56 344.25 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 506.79 344.25 Td (then ) Tj ET Q q 0 0 0 rg BT 526.74 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.68 344.25 Td (7.7% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (increment ) Tj ET Q q 0 0 0 rg BT 91.98 332.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 130.57 332.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 159.19 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.47 332.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 204.19 332.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 211.69 332.25 Td (would ) Tj ET Q q 0 0 0 rg BT 239.19 332.25 Td (become ) Tj ET Q q 0 0 0 rg BT 272.79 332.25 Td (8.3%\). ) Tj ET Q q 0 0 0 rg BT 301.95 332.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.04 308.25 Td (Company) Tj ET Q q 0 0 0 rg BT 145.71 308.25 Td (s ) Tj ET Q q 0 0 0 rg BT 152.60 308.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 182.24 308.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.33 308.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 283.19 308.25 Td (will ) Tj ET Q q 0 0 0 rg BT 301.74 308.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.18 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.17 308.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 378.47 308.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 407.58 308.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.36 308.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 453.58 308.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 461.58 308.25 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 496.23 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.01 308.25 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 556.39 308.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (any) Tj ET Q q 0 0 0 rg BT 63.29 296.25 Td (, ) Tj ET Q q 0 0 0 rg BT 68.37 296.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 106.49 296.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.85 296.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 154.43 296.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.00 296.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.91 296.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.91 296.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 188.82 296.25 Td (opposite ) Tj ET Q q 0 0 0 rg BT 225.29 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.08 296.25 Td (ranking ) Tj ET Q q 0 0 0 rg BT 273.21 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.11 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.91 296.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.37 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.73 296.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 385.54 296.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.11 296.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 410.68 296.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 449.63 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.99 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.78 296.25 Td (following ) Tj ET Q q 0 0 0 rg BT 516.25 296.25 Td (table ) Tj ET Q q 0 0 0 rg BT 538.26 296.25 Td (for ) Tj ET Q q 0 0 0 rg BT 552.50 296.25 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 99.34 284.25 Td (being ) Tj ET Q q 0 0 0 rg BT 123.91 284.25 Td (ranked ) Tj ET Q q 0 0 0 rg BT 153.46 284.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.14 284.25 Td (eighth ) Tj ET Q q 0 0 0 rg BT 191.49 284.25 Td (would ) Tj ET Q q 0 0 0 rg BT 218.84 284.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 242.84 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 249.63 284.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 303.06 284.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 349.27 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 359.95 284.25 Td (92%\). ) Tj ET Q q 0 0 0 rg BT 386.46 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.64 284.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.53 284.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 435.53 284.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 488.96 284.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 535.17 284.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.08 284.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.49 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.93 272.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 124.12 272.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 174.56 272.25 Td (made ) Tj ET Q q 0 0 0 rg BT 198.88 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.32 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.20 272.25 Td (percentages ) Tj ET Q q 0 0 0 rg BT 274.05 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.49 272.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 319.38 272.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 329.55 272.25 Td (if ) Tj ET Q q 0 0 0 rg BT 338.32 272.25 Td (any) Tj ET Q q 0 0 0 rg BT 352.11 272.25 Td (, ) Tj ET Q q 0 0 0 rg BT 357.27 272.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 394.37 272.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.81 272.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 438.58 272.25 Td (4\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.47 272.25 Td (above; ) Tj ET Q q 0 0 0 rg BT 487.78 272.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 525.99 272.25 Td (however) Tj ET Q q 0 0 0 rg BT 560.02 272.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.71 260.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 110.86 260.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 164.44 260.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 210.80 260.25 Td (may ) Tj ET Q q 0 0 0 rg BT 230.52 260.25 Td (not ) Tj ET Q q 0 0 0 rg BT 245.80 260.25 Td (be ) Tj ET Q q 0 0 0 rg BT 257.74 260.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.99 260.25 Td (than ) Tj ET Q q 0 0 0 rg BT 307.71 260.25 Td (100%.) Tj ET Q endstream endobj 235 0 obj <> endobj 236 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (4) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 746.5 m 48 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 746.5 m 151 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 746.5 m 151 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 731.5 m 151 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 746.5 m 151 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 746.5 m 254 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 746.5 m 254 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 731.5 m 254 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 746.5 m 254 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 746.5 m 357 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 746.5 m 357 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.5 m 357 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 746.5 m 357 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 746.5 m 460 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 746.5 m 460 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 731.5 m 460 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 746.5 m 460 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 746.5 m 563 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 746.5 m 563 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 731.5 m 563 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 731.5 m 48 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 731.5 m 151 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 731.5 m 151 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 687.5 m 151 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 731.5 m 151 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.5 m 254 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 731.5 m 254 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 687.5 m 254 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.5 m 254 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 731.5 m 357 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 731.5 m 357 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 687.5 m 357 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 731.5 m 357 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 731.5 m 460 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 731.5 m 460 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 687.5 m 460 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 731.5 m 460 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 731.5 m 563 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 731.5 m 563 731.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 687.5 m 563 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 687.5 m 48 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 687.5 m 151 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 687.5 m 151 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 671.5 m 151 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 687.5 m 151 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 687.5 m 254 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 687.5 m 254 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 687.5 m 254 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 687.5 m 357 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 687.5 m 357 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 687.5 m 357 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 687.5 m 460 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 687.5 m 460 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 671.5 m 460 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 687.5 m 460 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 687.5 m 563 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 687.5 m 563 687.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 671.5 m 563 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 671.5 m 48 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 671.5 m 151 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 655.5 m 151 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 671.5 m 151 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 671.5 m 254 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 671.5 m 254 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 671.5 m 357 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 671.5 m 357 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 671.5 m 460 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 671.5 m 460 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 655.5 m 460 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 671.5 m 460 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 671.5 m 563 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 671.5 m 563 671.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 655.5 m 563 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 655.5 m 48 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 655.5 m 151 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 639.5 m 151 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 655.5 m 151 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 655.5 m 254 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 655.5 m 254 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 655.5 m 357 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 655.5 m 357 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 655.5 m 460 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 655.5 m 460 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 639.5 m 460 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 655.5 m 460 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 655.5 m 563 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 655.5 m 563 655.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 639.5 m 563 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 639.5 m 48 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 639.5 m 151 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 623.5 m 151 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 639.5 m 151 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 639.5 m 254 639.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 639.5 m 254 623.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 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559.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 543.5 m 563 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 543.5 m 48 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 543.5 m 151 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 527.5 m 151 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 543.5 m 151 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 543.5 m 254 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 543.5 m 254 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 543.5 m 357 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 543.5 m 357 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 543.5 m 460 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 543.5 m 460 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 527.5 m 460 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 543.5 m 460 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 543.5 m 563 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 543.5 m 563 543.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 527.5 m 563 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 527.5 m 48 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 527.5 m 151 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 511.5 m 151 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 527.5 m 151 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 527.5 m 254 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 527.5 m 254 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 527.5 m 357 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 527.5 m 357 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 527.5 m 460 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 527.5 m 460 527.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 511.5 m 460 511.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i 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479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 495.5 m 460 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 357 479.5 m 460 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 495.5 m 460 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 563 495.5 m 563 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 495.5 m 563 495.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 460 479.5 m 563 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 479.5 m 48 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 479.5 m 151 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 48 463.5 m 151 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 479.5 m 151 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 479.5 m 254 479.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 151 463.5 m 254 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254 479.5 m 254 463.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 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387.00 736.18 Td (Column 4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 490.00 736.18 Td (Column 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.65 692.18 Td (Ranking) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 167.40 692.18 Td (Company Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.80 702.18 Td (Actual EBITDAX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.45 692.18 Td (Measure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.40 722.18 Td (Scale of EBITDAX ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 375.65 712.18 Td (Measur) Tj ET Q q 0 0 0 rg BT 408.24 712.18 Td (e for) Tj ET Q q 0 0 0 rg BT 427.76 712.18 Td ( 14 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 384.10 702.18 Td (Companies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 368.20 692.18 Td (\(expr) Tj ET Q q 0 0 0 rg BT 390.79 692.18 Td (essed as a %\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 483.20 722.18 Td (Performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.10 712.18 Td (Per) Tj ET Q q 0 0 0 rg BT 489.90 712.18 Td (centage Scale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.60 702.18 Td (\(subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.55 692.18 Td (interpolation\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 676.18 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.30 676.17 Td (100%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 676.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 660.18 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 660.17 Td (92.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 660.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 644.18 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 644.17 Td (84.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 644.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 628.18 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 628.17 Td (76.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 628.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 612.18 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 612.17 Td (69.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 612.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 596.18 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 596.17 Td (61.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 596.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 580.18 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 580.17 Td (53.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.30 580.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 564.18 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 564.17 Td (46.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 564.17 Td (92%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.50 548.18 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 548.17 Td (38.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 548.17 Td (77%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.00 532.18 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 532.17 Td (30.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 532.17 Td (62%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.00 516.18 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 516.17 Td (23.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 516.17 Td (46%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.00 500.18 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.05 500.17 Td (15.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 500.17 Td (31%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.00 484.18 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 397.55 484.17 Td (7.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 501.80 484.17 Td (15%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 94.00 468.18 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 401.30 468.17 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 504.30 468.17 Td (0%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 440.00 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 438.43505859375 m 310.8876953125 438.43505859375 l s q 0 0 0 rg BT 85.50 440.00 Td (Committee) Tj ET Q q 0 0 0 rg BT 135.66 440.00 Td (s ) Tj ET Q q 0 0 0 rg BT 143.69 440.00 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 191.73 440.00 Td (of ) Tj ET Q q 0 0 0 rg BT 204.21 440.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 263.88 440.00 Td (Per) Tj ET Q q 0 0 0 rg BT 278.68 440.00 Td (centage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.89 440.00 Td (. ) Tj ET Q q 0 0 0 rg BT 317.53 440.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.68 440.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 392.49 440.00 Td (any ) Tj ET Q q 0 0 0 rg BT 411.08 440.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 453.00 440.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 482.68 440.00 Td (to ) Tj ET Q q 0 0 0 rg BT 494.61 440.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.97 440.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 543.64 440.00 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 440.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.00 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 100.06 428.00 Td (in ) Tj ET Q q 0 0 0 rg BT 111.47 428.00 Td (its ) Tj ET Q q 0 0 0 rg BT 124.54 428.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 144.27 428.00 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 189.83 428.00 Td (by ) Tj ET Q q 0 0 0 rg BT 203.45 428.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 251.52 428.00 Td (resolution ) Tj ET Q q 0 0 0 rg BT 295.14 428.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 318.20 428.00 Td (to ) Tj ET Q q 0 0 0 rg BT 329.60 428.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.18 428.00 Td (V) Tj ET Q q 0 0 0 rg BT 351.29 428.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 378.81 428.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 403.81 428.00 Td (may ) Tj ET Q q 0 0 0 rg BT 424.65 428.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 454.92 428.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 483.06 428.00 Td () Tj ET Q q 0 0 0 rg BT 485.84 428.00 Td (s ) Tj ET Q q 0 0 0 rg BT 493.35 428.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 535.85 428.00 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.85 416.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 150.97 416.00 Td (in ) Tj ET Q q 0 0 0 rg BT 162.01 416.00 Td (an ) Tj ET Q q 0 0 0 rg BT 174.71 416.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.97 416.00 Td (\(if ) Tj ET Q q 0 0 0 rg BT 220.67 416.00 Td (any\) ) Tj ET Q q 0 0 0 rg BT 241.70 416.00 Td (based ) Tj ET Q q 0 0 0 rg BT 267.73 416.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 290.99 416.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.47 416.00 Td (Committee) Tj ET Q q 0 0 0 rg BT 353.68 416.00 Td (s ) Tj ET Q q 0 0 0 rg BT 360.84 416.00 Td (subjective ) Tj ET Q q 0 0 0 rg BT 404.64 416.00 Td (evaluation. ) Tj ET Q q 0 0 0 rg BT 452.05 416.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.60 416.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 475.08 416.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 516.10 416.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.70 416.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.84 416.00 Td () Tj ET Q q 0 0 0 rg BT 558.61 416.00 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.35 404.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 147.98 404.00 Td (by ) Tj ET Q q 0 0 0 rg BT 159.75 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.73 404.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 219.94 404.00 Td (for ) Tj ET Q q 0 0 0 rg BT 233.37 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.35 404.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 300.20 404.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 328.08 404.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 348.73 404.00 Td (be ) Tj ET Q q 0 0 0 rg BT 359.94 404.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 406.69 404.00 Td (after ) Tj ET Q q 0 0 0 rg BT 426.77 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.75 404.00 Td (end ) Tj ET Q q 0 0 0 rg BT 456.96 404.00 Td (of ) Tj ET Q q 0 0 0 rg BT 467.06 404.00 Td (the ) Tj ET Q q 0 0 0 rg BT 481.04 404.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 533.89 404.00 Td (Period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.47 392.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 87.89 392.00 Td (not ) Tj ET Q q 0 0 0 rg BT 103.20 392.00 Td (exceed ) Tj ET Q q 0 0 0 rg BT 133.49 392.00 Td (twenty-five ) Tj ET Q q 0 0 0 rg BT 182.12 392.00 Td (percent ) Tj ET Q q 0 0 0 rg BT 214.07 392.00 Td (\(25%\) ) Tj ET Q q 0 0 0 rg BT 241.60 392.00 Td (of ) Tj ET Q q 0 0 0 rg BT 252.46 392.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 280.60 392.00 Td () Tj ET Q q 0 0 0 rg BT 283.38 392.00 Td (s ) Tj ET Q q 0 0 0 rg BT 289.80 392.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 343.42 392.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 389.82 392.00 Td (earned ) Tj ET Q q 0 0 0 rg BT 419.00 392.00 Td (during ) Tj ET Q q 0 0 0 rg BT 447.64 392.00 Td (the ) Tj ET Q q 0 0 0 rg BT 462.39 392.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 516.00 392.00 Td (Period. ) Tj ET Q q 0 0 0 rg BT 546.96 392.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.44 380.00 Td (does ) Tj ET Q q 0 0 0 rg BT 117.27 380.00 Td (not ) Tj ET Q q 0 0 0 rg BT 132.55 380.00 Td (have ) Tj ET Q q 0 0 0 rg BT 153.92 380.00 Td (discretion ) Tj ET Q q 0 0 0 rg BT 195.86 380.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.14 380.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 241.39 380.00 Td (a ) Tj ET Q q 0 0 0 rg BT 248.33 380.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 276.47 380.00 Td () Tj ET Q q 0 0 0 rg BT 279.25 380.00 Td (s ) Tj ET Q q 0 0 0 rg BT 285.64 380.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 339.22 380.00 Td (Percentage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.00 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.43505859375 m 206.4033203125 354.43505859375 l s q 0 0 0 rg BT 85.50 356.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 119.67 356.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 177.69 356.00 Td (Shar) Tj ET Q q 0 0 0 rg BT 198.07 356.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.40 356.00 Td (. ) Tj ET Q q 0 0 0 rg BT 211.40 356.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 332.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 330.6669921875 m 195.341796875 330.6669921875 l s q 0 0 0 rg BT 85.50 332.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 115.71 332.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 168.68 332.00 Td (Shares) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 195.34 332.00 Td (. ) Tj ET Q q 0 0 0 rg BT 199.73 332.00 Td ( ) Tj ET Q q 0 0 0 rg BT 201.49 332.00 Td (The ) Tj ET Q q 0 0 0 rg BT 218.93 332.00 Td (number ) Tj ET Q q 0 0 0 rg BT 251.36 332.00 Td (of ) Tj ET Q q 0 0 0 rg BT 261.58 332.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 291.79 332.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 344.77 332.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 373.32 332.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 394.10 332.00 Td (be ) Tj ET Q q 0 0 0 rg BT 405.42 332.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 428.97 332.00 Td (to ) Tj ET Q q 0 0 0 rg BT 438.64 332.00 Td (the ) Tj ET Q q 0 0 0 rg BT 452.75 332.00 Td (product ) Tj ET Q q 0 0 0 rg BT 485.19 332.00 Td (of ) Tj ET Q q 0 0 0 rg BT 495.41 332.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 506.74 332.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 332.00 Td (Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.37 320.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 132.81 320.00 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 176.70 320.00 Td (by ) Tj ET Q q 0 0 0 rg BT 189.49 320.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 204.49 320.00 Td (the ) Tj ET Q q 0 0 0 rg BT 219.49 320.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 273.35 320.00 Td (Percentage, ) Tj ET Q q 0 0 0 rg BT 322.50 320.00 Td (as ) Tj ET Q q 0 0 0 rg BT 333.61 320.00 Td (such ) Tj ET Q q 0 0 0 rg BT 354.72 320.00 Td (number ) Tj ET Q q 0 0 0 rg BT 388.05 320.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 409.72 320.00 Td (be ) Tj ET Q q 0 0 0 rg BT 421.95 320.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 456.38 320.00 Td (by ) Tj ET Q q 0 0 0 rg BT 469.16 320.00 Td (the ) Tj ET Q q 0 0 0 rg BT 484.16 320.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 525.83 320.00 Td (to ) Tj ET Q q 0 0 0 rg BT 536.39 320.00 Td (satisfy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.00 Td (all ) Tj ET Q q 0 0 0 rg BT 64.56 308.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 108.52 308.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 154.67 308.00 Td (federal, ) Tj ET Q q 0 0 0 rg BT 189.99 308.00 Td (state, ) Tj ET Q q 0 0 0 rg BT 215.88 308.00 Td (and ) Tj ET Q q 0 0 0 rg BT 235.38 308.00 Td (local ) Tj ET Q q 0 0 0 rg BT 259.88 308.00 Td (income ) Tj ET Q q 0 0 0 rg BT 294.38 308.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 311.66 308.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 365.06 308.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 422.32 308.00 Td (and ) Tj ET Q q 0 0 0 rg BT 441.83 308.00 Td (employment ) Tj ET Q q 0 0 0 rg BT 496.88 308.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 514.16 308.00 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 105.93 296.00 Td (No ) Tj ET Q q 0 0 0 rg BT 119.87 296.00 Td (fractional ) Tj ET Q q 0 0 0 rg BT 159.91 296.00 Td (shares ) Tj ET Q q 0 0 0 rg BT 186.62 296.00 Td (will ) Tj ET Q q 0 0 0 rg BT 203.90 296.00 Td (be ) Tj ET Q q 0 0 0 rg BT 215.06 296.00 Td (issued ) Tj ET Q q 0 0 0 rg BT 241.79 296.00 Td (to ) Tj ET Q q 0 0 0 rg BT 251.29 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 265.23 296.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 292.44 296.00 Td (. ) Tj ET Q q 0 0 0 rg BT 296.67 296.00 Td ( ) Tj ET Q q 0 0 0 rg BT 298.27 296.00 Td (The ) Tj ET Q q 0 0 0 rg BT 315.54 296.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 368.35 296.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 413.93 296.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 434.54 296.00 Td (be ) Tj ET Q q 0 0 0 rg BT 445.70 296.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 492.41 296.00 Td (by ) Tj ET Q q 0 0 0 rg BT 504.13 296.00 Td (the ) Tj ET Q q 0 0 0 rg BT 518.07 296.00 Td (Committee ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.05 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 80.37 284.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 110.25 284.00 Td (will ) Tj ET Q q 0 0 0 rg BT 127.91 284.00 Td (be ) Tj ET Q q 0 0 0 rg BT 139.46 284.00 Td (advised ) Tj ET Q q 0 0 0 rg BT 172.12 284.00 Td (as ) Tj ET Q q 0 0 0 rg BT 182.55 284.00 Td (soon ) Tj ET Q q 0 0 0 rg BT 203.55 284.00 Td (as ) Tj ET Q q 0 0 0 rg BT 213.99 284.00 Td (administratively ) Tj ET Q q 0 0 0 rg BT 281.09 284.00 Td (practicable ) Tj ET Q q 0 0 0 rg BT 327.05 284.00 Td (following ) Tj ET Q q 0 0 0 rg BT 368.05 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 382.37 284.00 Td (end ) Tj ET Q q 0 0 0 rg BT 398.92 284.00 Td (of ) Tj ET Q q 0 0 0 rg BT 409.36 284.00 Td (the ) Tj ET Q q 0 0 0 rg BT 423.68 284.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 476.88 284.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 505.09 284.00 Td (\(but ) Tj ET Q q 0 0 0 rg BT 523.31 284.00 Td (in ) Tj ET Q q 0 0 0 rg BT 533.20 284.00 Td (no ) Tj ET Q q 0 0 0 rg BT 545.30 284.00 Td (case ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.00 Td (later ) Tj ET Q q 0 0 0 rg BT 70.30 272.00 Td (than ) Tj ET Q q 0 0 0 rg BT 90.55 272.00 Td (90 ) Tj ET Q q 0 0 0 rg BT 103.59 272.00 Td (days ) Tj ET Q q 0 0 0 rg BT 124.96 272.00 Td (after ) Tj ET Q q 0 0 0 rg BT 146.31 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 161.56 272.00 Td (end ) Tj ET Q q 0 0 0 rg BT 179.03 272.00 Td (of ) Tj ET Q q 0 0 0 rg BT 190.40 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 205.65 272.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 259.77 272.00 Td (Period\), ) Tj ET Q q 0 0 0 rg BT 294.75 272.00 Td (and ) Tj ET Q q 0 0 0 rg BT 312.22 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 327.48 272.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 374.95 272.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 396.87 272.00 Td (certify ) Tj ET Q q 0 0 0 rg BT 426.00 272.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 461.25 272.00 Td (and ) Tj ET Q q 0 0 0 rg BT 478.72 272.00 Td (to ) Tj ET Q q 0 0 0 rg BT 489.54 272.00 Td (the ) Tj ET Q q 0 0 0 rg BT 504.79 272.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 532.26 272.00 Td (that ) Tj ET Q q 0 0 0 rg BT 550.29 272.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 260.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 149.45 260.00 Td (has ) Tj ET Q q 0 0 0 rg BT 165.28 260.00 Td (been ) Tj ET Q q 0 0 0 rg BT 186.65 260.00 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 227.19 260.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 258.01 260.00 Td (to ) Tj ET Q q 0 0 0 rg BT 268.29 260.00 Td (the ) Tj ET Q q 0 0 0 rg BT 283.01 260.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 316.05 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 326.88 260.00 Td (Control ) Tj ET Q q 0 0 0 rg BT 359.94 260.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 404.11 260.00 Td (of ) Tj ET Q q 0 0 0 rg BT 414.94 260.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 447.43 260.00 Td (6\(b\) ) Tj ET Q q 0 0 0 rg BT 466.59 260.00 Td (below) Tj ET Q q 0 0 0 rg BT 490.38 260.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 236.00 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 234.6669921875 m 159.083984375 234.6669921875 l s q 0 0 0 rg BT 85.50 236.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 118.12 236.00 Td (of ) Tj ET Q q 0 0 0 rg BT 128.53 236.00 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.08 236.00 Td (. ) Tj ET Q q 0 0 0 rg BT 163.66 236.00 Td ( ) Tj ET Q q 0 0 0 rg BT 165.73 236.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 234.47 236.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.77 236.00 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 289.72 236.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.23 236.00 Td (any ) Tj ET Q q 0 0 0 rg BT 322.75 236.00 Td (other ) Tj ET Q q 0 0 0 rg BT 345.37 236.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 385.22 236.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 412.83 236.00 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 236.00 Td (the ) Tj ET Q q 0 0 0 rg BT 436.98 236.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 469.65 236.00 Td (, ) Tj ET Q q 0 0 0 rg BT 474.22 236.00 Td (if ) Tj ET Q q 0 0 0 rg BT 482.40 236.00 Td (a ) Tj ET Q q 0 0 0 rg BT 488.92 236.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 521.54 236.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.95 236.00 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.11 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.61 224.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 115.78 224.00 Td (occurs ) Tj ET Q q 0 0 0 rg BT 144.16 224.00 Td (during ) Tj ET Q q 0 0 0 rg BT 172.55 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 187.05 224.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 240.41 224.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 268.80 224.00 Td (then, ) Tj ET Q q 0 0 0 rg BT 290.80 224.00 Td (regardless ) Tj ET Q q 0 0 0 rg BT 333.62 224.00 Td (of ) Tj ET Q q 0 0 0 rg BT 344.23 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.73 224.00 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 404.90 224.00 Td ( ) Tj ET Q q 0 0 0 rg BT 407.18 224.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 453.32 224.00 Td (at ) Tj ET Q q 0 0 0 rg BT 462.82 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.32 224.00 Td (date ) Tj ET Q q 0 0 0 rg BT 496.25 224.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.87 224.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.37 224.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 554.19 224.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.00 Td (Control ) Tj ET Q q 0 0 0 rg BT 82.87 212.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.02 212.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.05 212.00 Td (Company) Tj ET Q q 0 0 0 rg BT 147.29 212.00 Td (, ) Tj ET Q q 0 0 0 rg BT 152.60 212.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 183.18 212.00 Td (will ) Tj ET Q q 0 0 0 rg BT 201.56 212.00 Td (be ) Tj ET Q q 0 0 0 rg BT 213.81 212.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 246.61 212.00 Td (to ) Tj ET Q q 0 0 0 rg BT 257.21 212.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 288.88 212.00 Td (delivery ) Tj ET Q q 0 0 0 rg BT 324.46 212.00 Td (of ) Tj ET Q q 0 0 0 rg BT 335.61 212.00 Td (a ) Tj ET Q q 0 0 0 rg BT 342.86 212.00 Td (number ) Tj ET Q q 0 0 0 rg BT 376.22 212.00 Td (of ) Tj ET Q q 0 0 0 rg BT 387.37 212.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 441.27 212.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 470.74 212.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.21 212.00 Td (to ) Tj ET Q q 0 0 0 rg BT 505.81 212.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.84 212.00 Td (Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.96 200.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 131.99 200.00 Td (\(notwithstanding ) Tj ET Q q 0 0 0 rg BT 202.14 200.00 Td (any ) Tj ET Q q 0 0 0 rg BT 218.95 200.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 259.10 200.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 287.01 200.00 Td (to ) Tj ET Q q 0 0 0 rg BT 297.16 200.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.75 200.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 344.42 200.00 Td (, ) Tj ET Q q 0 0 0 rg BT 349.29 200.00 Td (none ) Tj ET Q q 0 0 0 rg BT 371.10 200.00 Td (of ) Tj ET Q q 0 0 0 rg BT 381.80 200.00 Td (which ) Tj ET Q q 0 0 0 rg BT 408.62 200.00 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 452.65 200.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 506.11 200.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 535.14 200.00 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 200.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.00 Td (retained ) Tj ET Q q 0 0 0 rg BT 83.55 188.00 Td (by ) Tj ET Q q 0 0 0 rg BT 95.39 188.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.45 188.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.18 188.00 Td (other ) Tj ET Q q 0 0 0 rg BT 172.58 188.00 Td (than ) Tj ET Q q 0 0 0 rg BT 191.64 188.00 Td (as ) Tj ET Q q 0 0 0 rg BT 201.81 188.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.09 188.00 Td (for ) Tj ET Q q 0 0 0 rg BT 251.60 188.00 Td (withholding\) ) Tj ET Q q 0 0 0 rg BT 305.11 188.00 Td (as ) Tj ET Q q 0 0 0 rg BT 315.28 188.00 Td (soon ) Tj ET Q q 0 0 0 rg BT 336.02 188.00 Td (as ) Tj ET Q q 0 0 0 rg BT 346.19 188.00 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 391.35 188.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 425.97 188.00 Td (following ) Tj ET Q q 0 0 0 rg BT 466.71 188.00 Td (such ) Tj ET Q q 0 0 0 rg BT 486.88 188.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 519.27 188.00 Td (of ) Tj ET Q q 0 0 0 rg BT 529.45 188.00 Td (Control, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.00 Td (but ) Tj ET Q q 0 0 0 rg BT 65.35 176.00 Td (in ) Tj ET Q q 0 0 0 rg BT 76.20 176.00 Td (no ) Tj ET Q q 0 0 0 rg BT 89.28 176.00 Td (event ) Tj ET Q q 0 0 0 rg BT 114.01 176.00 Td (later ) Tj ET Q q 0 0 0 rg BT 134.84 176.00 Td (than ) Tj ET Q q 0 0 0 rg BT 155.13 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 176.00 Td (15th ) Tj ET Q q 0 0 0 rg BT 191.28 176.00 Td (day ) Tj ET Q q 0 0 0 rg BT 208.79 176.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.19 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.48 176.00 Td (third ) Tj ET Q q 0 0 0 rg BT 257.44 176.00 Td (month ) Tj ET Q q 0 0 0 rg BT 286.07 176.00 Td (after ) Tj ET Q q 0 0 0 rg BT 307.46 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 322.75 176.00 Td (end ) Tj ET Q q 0 0 0 rg BT 340.27 176.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.67 176.00 Td (the ) Tj ET Q q 0 0 0 rg BT 366.96 176.00 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 405.67 176.00 Td (Y) Tj ET Q q 0 0 0 rg BT 411.89 176.00 Td (ear ) Tj ET Q q 0 0 0 rg BT 427.17 176.00 Td (in ) Tj ET Q q 0 0 0 rg BT 438.03 176.00 Td (which ) Tj ET Q q 0 0 0 rg BT 465.54 176.00 Td (such ) Tj ET Q q 0 0 0 rg BT 486.94 176.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 520.56 176.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.97 176.00 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.00 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 80.60 164.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.54 164.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 127.81 164.00 Td (permanently ) Tj ET Q q 0 0 0 rg BT 180.29 164.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 201.67 164.00 Td (forfeit ) Tj ET Q q 0 0 0 rg BT 229.16 164.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.88 164.00 Td (right ) Tj ET Q q 0 0 0 rg BT 265.26 164.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.54 164.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 306.90 164.00 Td (any ) Tj ET Q q 0 0 0 rg BT 323.84 164.00 Td (other ) Tj ET Q q 0 0 0 rg BT 346.89 164.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 400.47 164.00 Td (Shares ) Tj ET Q q 0 0 0 rg BT 429.63 164.00 Td (under ) Tj ET Q q 0 0 0 rg BT 454.90 164.00 Td (this ) Tj ET Q q 0 0 0 rg BT 471.30 164.00 Td (A) Tj ET Q q 0 0 0 rg BT 477.60 164.00 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 140.00 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 138.43505859375 m 322.501953125 138.43505859375 l s q 0 0 0 rg BT 85.50 140.00 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 140.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 119.30 140.00 Td (\(and ) Tj ET Q q 0 0 0 rg BT 141.26 140.00 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 180.50 140.00 Td (e\) ) Tj ET Q q 0 0 0 rg BT 190.77 140.00 Td (of ) Tj ET Q q 0 0 0 rg BT 201.60 140.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 235.77 140.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 293.79 140.00 Td (Shar) Tj ET Q q 0 0 0 rg BT 314.17 140.00 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 322.50 140.00 Td (. ) Tj ET Q q 0 0 0 rg BT 327.50 140.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 116.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 114.6669921875 m 246.0869140625 114.6669921875 l s q 0 0 0 rg BT 85.50 116.00 Td (No ) Tj ET Q q 0 0 0 rg BT 100.54 116.00 Td (Separation ) Tj ET Q q 0 0 0 rg BT 146.13 116.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 168.95 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 179.55 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 116.00 Td (V) Tj ET Q q 0 0 0 rg BT 200.50 116.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 227.21 116.00 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.09 116.00 Td (. ) Tj ET Q q 0 0 0 rg BT 251.41 116.00 Td ( ) Tj ET Q q 0 0 0 rg BT 254.23 116.00 Td (If ) Tj ET Q q 0 0 0 rg BT 263.71 116.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 294.30 116.00 Td (does ) Tj ET Q q 0 0 0 rg BT 315.46 116.00 Td (not ) Tj ET Q q 0 0 0 rg BT 331.06 116.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 377.18 116.00 Td (a ) Tj ET Q q 0 0 0 rg BT 384.44 116.00 Td (Separation ) Tj ET Q q 0 0 0 rg BT 430.03 116.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 452.29 116.00 Td (to ) Tj ET Q q 0 0 0 rg BT 462.89 116.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.72 116.00 Td (V) Tj ET Q q 0 0 0 rg BT 483.84 116.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 510.55 116.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 534.75 116.00 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.00 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 104.00 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 104.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 105.33 104.00 Td (vested ) Tj ET Q q 0 0 0 rg BT 133.37 104.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.65 104.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.37 104.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 189.18 104.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 242.77 104.00 Td (Shares. ) Tj ET Q endstream endobj 237 0 obj <> endobj 238 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 740.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 738.9169921875 m 186.64453125 738.9169921875 l s q 0 0 0 rg BT 85.50 740.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 133.70 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 139.81 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 167.77 740.25 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.64 740.25 Td (. ) Tj ET Q q 0 0 0 rg BT 193.21 740.25 Td (In ) Tj ET Q q 0 0 0 rg BT 205.61 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.89 740.25 Td (event ) Tj ET Q q 0 0 0 rg BT 247.61 740.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 279.45 740.25 Td (reaches ) Tj ET Q q 0 0 0 rg BT 313.49 740.25 Td (his ) Tj ET Q q 0 0 0 rg BT 329.23 740.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 377.43 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 383.54 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 411.49 740.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 434.44 740.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 457.94 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 469.79 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.78 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 491.89 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 519.84 740.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 545.29 740.25 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (irrespective ) Tj ET Q q 0 0 0 rg BT 99.96 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.12 728.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 148.14 728.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.30 728.25 Td (not ) Tj ET Q q 0 0 0 rg BT 176.90 728.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 208.49 728.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 259.50 728.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.76 728.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 314.35 728.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 337.61 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.21 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.97 728.25 Td (V) Tj ET Q q 0 0 0 rg BT 371.09 728.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 398.80 728.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 424.00 728.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 455.59 728.25 Td (will ) Tj ET Q q 0 0 0 rg BT 474.96 728.25 Td (be ) Tj ET Q q 0 0 0 rg BT 488.23 728.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 522.04 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.64 728.25 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.46 716.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 132.99 716.25 Td (in ) Tj ET Q q 0 0 0 rg BT 143.64 716.25 Td (an ) Tj ET Q q 0 0 0 rg BT 155.96 716.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 188.82 716.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 213.35 716.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.00 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.09 716.25 Td (number ) Tj ET Q q 0 0 0 rg BT 272.52 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 283.72 716.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 314.91 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 368.87 716.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 398.40 716.25 Td (on ) Tj ET Q q 0 0 0 rg BT 411.27 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.16 716.25 Td (V) Tj ET Q q 0 0 0 rg BT 432.27 716.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 459.03 716.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 480.78 716.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 511.42 716.25 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 78.24 704.25 Td (will ) Tj ET Q q 0 0 0 rg BT 95.88 704.25 Td (be ) Tj ET Q q 0 0 0 rg BT 107.40 704.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 146.69 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.55 704.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 186.40 704.25 Td (on ) Tj ET Q q 0 0 0 rg BT 198.48 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 212.78 704.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 249.85 704.25 Td (Date\), ) Tj ET Q q 0 0 0 rg BT 276.64 704.25 Td (without ) Tj ET Q q 0 0 0 rg BT 309.28 704.25 Td (any ) Tj ET Q q 0 0 0 rg BT 325.80 704.25 Td (right ) Tj ET Q q 0 0 0 rg BT 346.77 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 356.63 704.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 387.57 704.25 Td (any ) Tj ET Q q 0 0 0 rg BT 404.09 704.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 446.17 704.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 499.33 704.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 528.08 704.25 Td (pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.10 692.25 Td (this ) Tj ET Q q 0 0 0 rg BT 76.75 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 83.05 692.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 108.36 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 125.63 692.25 Td (without ) Tj ET Q q 0 0 0 rg BT 159.00 692.25 Td (any ) Tj ET Q q 0 0 0 rg BT 176.26 692.25 Td (proration ) Tj ET Q q 0 0 0 rg BT 215.74 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.89 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 241.93 692.25 Td (number ) Tj ET Q q 0 0 0 rg BT 275.30 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.46 692.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 340.36 692.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 369.84 692.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 399.31 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 409.91 692.25 Td (such ) Tj ET Q q 0 0 0 rg BT 431.06 692.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 493.03 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 495.85 692.25 Td (Notwithstanding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 64.27 680.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 108.20 680.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.53 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.30 680.25 Td (event ) Tj ET Q q 0 0 0 rg BT 157.51 680.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 187.83 680.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 237.58 680.25 Td (a ) Tj ET Q q 0 0 0 rg BT 244.57 680.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 289.89 680.25 Td (after ) Tj ET Q q 0 0 0 rg BT 310.76 680.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 338.90 680.25 Td () Tj ET Q q 0 0 0 rg BT 341.68 680.25 Td (s ) Tj ET Q q 0 0 0 rg BT 348.12 680.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 394.92 680.25 Td (V) Tj ET Q q 0 0 0 rg BT 401.03 680.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 427.47 680.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 451.41 680.25 Td (but ) Tj ET Q q 0 0 0 rg BT 466.74 680.25 Td (within ) Tj ET Q q 0 0 0 rg BT 494.85 680.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 507.40 680.25 Td (months ) Tj ET Q q 0 0 0 rg BT 539.40 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 680.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 70.88 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 81.71 668.25 Td (Grant, ) Tj ET Q q 0 0 0 rg BT 109.48 668.25 Td (all ) Tj ET Q q 0 0 0 rg BT 121.97 668.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 147.25 668.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.53 668.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 188.89 668.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 242.47 668.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 271.63 668.25 Td (under ) Tj ET Q q 0 0 0 rg BT 296.90 668.25 Td (this ) Tj ET Q q 0 0 0 rg BT 313.30 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 319.60 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 342.09 668.25 Td (will ) Tj ET Q q 0 0 0 rg BT 360.15 668.25 Td (be ) Tj ET Q q 0 0 0 rg BT 372.09 668.25 Td (forfeited.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 642.9169921875 m 125.4853515625 642.9169921875 l s q 0 0 0 rg BT 85.50 644.25 Td (Forfeiture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.49 644.25 Td (. ) Tj ET Q q 0 0 0 rg BT 130.91 644.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 161.59 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 172.29 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.43 644.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 214.78 644.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 255.47 644.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 293.94 644.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 304.64 644.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 342.56 644.25 Td (7\(b\) ) Tj ET Q q 0 0 0 rg BT 362.71 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.75 644.25 Td (7\(c\) ) Tj ET Q q 0 0 0 rg BT 400.77 644.25 Td (\(i\), ) Tj ET Q q 0 0 0 rg BT 415.63 644.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 430.77 644.25 Td (or) Tj ET Q q 0 0 0 rg BT 440.03 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 442.95 644.25 Td (\(iii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 457.94 644.25 Td (, ) Tj ET Q q 0 0 0 rg BT 463.37 644.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 494.06 644.25 Td (permanently ) Tj ET Q q 0 0 0 rg BT 546.96 644.25 Td (will ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (forfeit ) Tj ET Q q 0 0 0 rg BT 77.67 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 90.84 632.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 116.80 632.25 Td (with ) Tj ET Q q 0 0 0 rg BT 137.76 632.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 169.25 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 180.21 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 193.39 632.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 247.65 632.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 277.49 632.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 300.67 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 316.07 632.25 Td (date ) Tj ET Q q 0 0 0 rg BT 335.90 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 347.41 632.25 Td (his ) Tj ET Q q 0 0 0 rg BT 362.26 632.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 410.71 632.25 Td (if ) Tj ET Q q 0 0 0 rg BT 420.00 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 441.51 632.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 487.45 632.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 516.73 632.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 539.35 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.31 632.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (V) Tj ET Q q 0 0 0 rg BT 55.61 620.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 82.00 620.25 Td (Date. ) Tj ET Q q 0 0 0 rg BT 105.88 620.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 596.25 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 594.9169921875 m 145.376953125 594.9169921875 l s q 0 0 0 rg BT 121.50 596.25 Td (Death) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.38 596.25 Td (. If Holder experiences a Separation by reason of death prior to the last day of the Performance Period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 113.64 584.25 Td () Tj ET Q q 0 0 0 rg BT 116.42 584.25 Td (s Beneficiary will be entitled to receive Performance Shares in an amount equal to the number of Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 572.25 Td (Performance Shares \(without any right to receive any other Performance Shares pursuant to this ) Tj ET Q q 0 0 0 rg BT 470.94 572.25 Td (A) Tj ET Q q 0 0 0 rg BT 477.24 572.25 Td (ward\) as soon as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (reasonably possible, but in no event more than 60 days after Holder) Tj ET Q q 0 0 0 rg BT 356.35 560.25 Td () Tj ET Q q 0 0 0 rg BT 359.13 560.25 Td (s death. If Holder experiences a Separation by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.25 Td (reason of death prior to the ) Tj ET Q q 0 0 0 rg BT 195.84 548.25 Td (V) Tj ET Q q 0 0 0 rg BT 201.95 548.25 Td (esting Date but on or after the last day of the Performance Period, Holder) Tj ET Q q 0 0 0 rg BT 495.56 548.25 Td () Tj ET Q q 0 0 0 rg BT 498.34 548.25 Td (s Beneficiary ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 536.25 Td (will be entitled to receive the number of Earned Performance Shares based on the calculation in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 470.91 536.25 Td (Section 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 509.52 536.25 Td ( herein \(and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.25 Td (does not have any right to receive any other Performance Shares pursuant to this ) Tj ET Q q 0 0 0 rg BT 409.29 524.25 Td (A) Tj ET Q q 0 0 0 rg BT 415.60 524.25 Td (ward\) as soon as reasonably ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.25 Td (possible, but in no event more than 60 days after Holder) Tj ET Q q 0 0 0 rg BT 310.54 512.25 Td () Tj ET Q q 0 0 0 rg BT 313.32 512.25 Td (s death.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 486.9169921875 m 160.61865234375 486.9169921875 l s q 0 0 0 rg BT 121.50 488.25 Td (Disability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.29 488.25 Td (. If Holder experiences a Separation by reason of Disability prior to the last day of the Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (Period, Holder or Holder) Tj ET Q q 0 0 0 rg BT 185.85 476.25 Td () Tj ET Q q 0 0 0 rg BT 188.63 476.25 Td (s Beneficiary) Tj ET Q q 0 0 0 rg BT 241.01 476.25 Td (, as applicable, are entitled to receive Performance Shares in an amount equal to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.25 Td (the number of Maximum Performance Shares \(without any right to receive any other Performance Shares pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (this ) Tj ET Q q 0 0 0 rg BT 101.90 452.25 Td (A) Tj ET Q q 0 0 0 rg BT 108.20 452.25 Td (ward\) as soon as reasonably possible, but in no event later than the 15th day of the third month after the end of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (the Calendar ) Tj ET Q q 0 0 0 rg BT 138.44 440.25 Td (Y) Tj ET Q q 0 0 0 rg BT 144.66 440.25 Td (ear in which the Holder experiences a Separation by reason of Disability) Tj ET Q q 0 0 0 rg BT 434.19 440.25 Td (. If Holder experiences a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (Separation by reason of Disability prior to the ) Tj ET Q q 0 0 0 rg BT 271.39 428.25 Td (V) Tj ET Q q 0 0 0 rg BT 277.50 428.25 Td (esting Date but on or after the last day of the Performance Period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.25 Td (Holder or Holder) Tj ET Q q 0 0 0 rg BT 154.74 416.25 Td () Tj ET Q q 0 0 0 rg BT 157.52 416.25 Td (s Beneficiary) Tj ET Q q 0 0 0 rg BT 209.90 416.25 Td (, as applicable, will be entitled to receive the number of Earned Performance Shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.25 Td (based on the calculation in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 194.63 404.25 Td (Section 6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.24 404.25 Td ( herein \(without any right to receive any other Performance Shares pursuant to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (this ) Tj ET Q q 0 0 0 rg BT 101.90 392.25 Td (A) Tj ET Q q 0 0 0 rg BT 108.20 392.25 Td (ward\) as soon as reasonably possible, but in no event later than 60 days following the ) Tj ET Q q 0 0 0 rg BT 452.11 392.25 Td (V) Tj ET Q q 0 0 0 rg BT 458.22 392.25 Td (esting Date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 368.25 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 366.9169921875 m 260.9287109375 366.9169921875 l s q 0 0 0 rg BT 121.50 368.25 Td (Post Separation Change of Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.93 368.25 Td (. If there is a Post Separation Change of Control, Holder will be entitled to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (receive Performance Shares in an amount equal to the number of Maximum Performance Shares \(without any right to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (receive any additional Performance Shares pursuant to this ) Tj ET Q q 0 0 0 rg BT 322.65 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 328.95 344.25 Td (ward\) as soon as reasonably possible after the date of the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (Change of Control, but in no event later than the 15th day of the third month after the end of the Calendar ) Tj ET Q q 0 0 0 rg BT 510.29 332.25 Td (Y) Tj ET Q q 0 0 0 rg BT 516.51 332.25 Td (ear in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 320.25 Td (which such Change of Control occurs.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.68505859375 m 139.23046875 294.68505859375 l s q 0 0 0 rg BT 85.50 296.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 296.25 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.23 296.25 Td (. ) Tj ET Q q 0 0 0 rg BT 144.00 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.26 296.25 Td (On ) Tj ET Q q 0 0 0 rg BT 160.75 296.25 Td (or ) Tj ET Q q 0 0 0 rg BT 171.34 296.25 Td (before ) Tj ET Q q 0 0 0 rg BT 199.15 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.63 296.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 250.88 296.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 274.52 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.01 296.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 330.16 296.25 Td (may ) Tj ET Q q 0 0 0 rg BT 349.64 296.25 Td (require ) Tj ET Q q 0 0 0 rg BT 380.22 296.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 410.26 296.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 424.18 296.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 452.32 296.25 Td () Tj ET Q q 0 0 0 rg BT 455.10 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 461.26 296.25 Td (Beneficiary\) ) Tj ET Q q 0 0 0 rg BT 513.49 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 523.54 296.25 Td (pay ) Tj ET Q q 0 0 0 rg BT 540.24 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 296.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.50 284.25 Td (an ) Tj ET Q q 0 0 0 rg BT 102.05 284.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 134.16 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 148.49 284.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 189.50 284.25 Td (deems ) Tj ET Q q 0 0 0 rg BT 217.16 284.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 258.14 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 268.03 284.25 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 296.25 284.25 Td (its ) Tj ET Q q 0 0 0 rg BT 307.82 284.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 321.59 284.25 Td (an ) Tj ET Q q 0 0 0 rg BT 332.68 284.25 Td (Af) Tj ET Q q 0 0 0 rg BT 343.05 284.25 Td (filiate) Tj ET Q q 0 0 0 rg BT 369.15 284.25 Td (s\) ) Tj ET Q q 0 0 0 rg BT 378.48 284.25 Td (obligation ) Tj ET Q q 0 0 0 rg BT 421.15 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 431.04 284.25 Td (withhold ) Tj ET Q q 0 0 0 rg BT 468.71 284.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 501.08 284.25 Td (state, ) Tj ET Q q 0 0 0 rg BT 524.02 284.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 548.07 284.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 80.97 272.25 Td (income ) Tj ET Q q 0 0 0 rg BT 112.99 272.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.91 272.25 Td (other ) Tj ET Q q 0 0 0 rg BT 147.04 272.25 Td (taxes ) Tj ET Q q 0 0 0 rg BT 170.18 272.25 Td (that ) Tj ET Q q 0 0 0 rg BT 187.77 272.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 218.12 272.25 Td (incurs ) Tj ET Q q 0 0 0 rg BT 245.15 272.25 Td (as ) Tj ET Q q 0 0 0 rg BT 256.07 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 263.10 272.25 Td (result ) Tj ET Q q 0 0 0 rg BT 287.90 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 298.82 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 313.63 272.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 357.32 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.24 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 382.47 272.25 Td (A) Tj ET Q q 0 0 0 rg BT 388.78 272.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 413.86 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 416.44 272.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 439.03 272.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 453.84 272.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 500.87 272.25 Td (may ) Tj ET Q q 0 0 0 rg BT 520.68 272.25 Td (be ) Tj ET Q q 0 0 0 rg BT 532.71 272.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 552.51 272.25 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 79.88 260.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 94.15 260.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 122.29 260.25 Td () Tj ET Q q 0 0 0 rg BT 125.07 260.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.57 260.25 Td (Beneficiary\) ) Tj ET Q q 0 0 0 rg BT 184.15 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 194.54 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.37 260.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.87 260.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 264.58 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 274.97 260.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 297.85 260.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 312.12 260.25 Td (by ) Tj ET Q q 0 0 0 rg BT 324.73 260.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 360.11 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 371.05 260.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 415.88 260.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 445.15 260.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 472.75 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 483.69 260.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 523.53 260.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 551.42 260.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (through ) Tj ET Q q 0 0 0 rg BT 83.20 248.25 Td (net ) Tj ET Q q 0 0 0 rg BT 98.01 248.25 Td (settlement ) Tj ET Q q 0 0 0 rg BT 141.70 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.63 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 166.86 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.17 248.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 198.25 248.25 Td (or ) Tj ET Q q 0 0 0 rg BT 209.17 248.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 223.42 248.25 Td (through ) Tj ET Q q 0 0 0 rg BT 257.13 248.25 Td (any ) Tj ET Q q 0 0 0 rg BT 274.16 248.25 Td (other ) Tj ET Q q 0 0 0 rg BT 297.30 248.25 Td (method ) Tj ET Q q 0 0 0 rg BT 329.88 248.25 Td (permitted ) Tj ET Q q 0 0 0 rg BT 370.80 248.25 Td (under ) Tj ET Q q 0 0 0 rg BT 396.16 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 410.97 248.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 431.34 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 448.37 248.25 Td (approved ) Tj ET Q q 0 0 0 rg BT 488.17 248.25 Td (by ) Tj ET Q q 0 0 0 rg BT 500.76 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 515.57 248.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 565.01 248.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (If ) Tj ET Q q 0 0 0 rg BT 59.35 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.76 236.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 90.16 236.25 Td (obligations ) Tj ET Q q 0 0 0 rg BT 137.80 236.25 Td (are ) Tj ET Q q 0 0 0 rg BT 153.19 236.25 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 189.71 236.25 Td (through ) Tj ET Q q 0 0 0 rg BT 224.01 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 239.41 236.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 290.94 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 302.46 236.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 330.64 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 342.16 236.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 382.58 236.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 408.54 236.25 Td (through ) Tj ET Q q 0 0 0 rg BT 442.84 236.25 Td (net ) Tj ET Q q 0 0 0 rg BT 458.25 236.25 Td (settlement, ) Tj ET Q q 0 0 0 rg BT 505.04 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 520.44 236.25 Td (number ) Tj ET Q q 0 0 0 rg BT 554.18 236.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 76.85 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.55 224.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 127.14 224.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 152.28 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 169.64 224.25 Td (may ) Tj ET Q q 0 0 0 rg BT 189.23 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 201.03 224.25 Td (withheld ) Tj ET Q q 0 0 0 rg BT 238.39 224.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 259.64 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 271.44 224.25 Td (limited ) Tj ET Q q 0 0 0 rg BT 302.14 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.28 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 326.86 224.25 Td (number ) Tj ET Q q 0 0 0 rg BT 359.77 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 370.47 224.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 397.82 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 408.52 224.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 448.11 224.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 473.25 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 490.61 224.25 Td (have ) Tj ET Q q 0 0 0 rg BT 511.85 224.25 Td (an ) Tj ET Q q 0 0 0 rg BT 523.66 224.25 Td (aggregate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.50 212.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 100.06 212.25 Td (V) Tj ET Q q 0 0 0 rg BT 106.17 212.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 125.72 212.25 Td (on ) Tj ET Q q 0 0 0 rg BT 138.61 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.72 212.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 191.60 212.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 213.37 212.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 237.92 212.25 Td (to ) Tj ET Q q 0 0 0 rg BT 248.59 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.70 212.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 305.45 212.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 338.34 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 349.56 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.67 212.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 379.78 212.25 Td (liabilities ) Tj ET Q q 0 0 0 rg BT 419.89 212.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 467.76 212.25 Td (based ) Tj ET Q q 0 0 0 rg BT 493.42 212.25 Td (on ) Tj ET Q q 0 0 0 rg BT 506.31 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.42 212.25 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 91.76 200.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 130.13 200.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 181.83 200.25 Td (rates ) Tj ET Q q 0 0 0 rg BT 204.08 200.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.11 200.25 Td (federal, ) Tj ET Q q 0 0 0 rg BT 252.74 200.25 Td (state, ) Tj ET Q q 0 0 0 rg BT 276.93 200.25 Td (local, ) Tj ET Q q 0 0 0 rg BT 302.24 200.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.05 200.25 Td (foreign ) Tj ET Q q 0 0 0 rg BT 352.29 200.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 367.88 200.25 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 409.30 200.25 Td (including ) Tj ET Q q 0 0 0 rg BT 450.45 200.25 Td (payroll ) Tj ET Q q 0 0 0 rg BT 482.14 200.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 508.56 200.25 Td (or ) Tj ET Q q 0 0 0 rg BT 520.26 200.25 Td (such ) Tj ET Q q 0 0 0 rg BT 541.96 200.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 100.31 188.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 117.77 188.25 Td (as ) Tj ET Q q 0 0 0 rg BT 128.58 188.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 176.03 188.25 Td (by ) Tj ET Q q 0 0 0 rg BT 188.51 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 203.20 188.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 250.12 188.25 Td (in ) Tj ET Q q 0 0 0 rg BT 260.37 188.25 Td (its ) Tj ET Q q 0 0 0 rg BT 272.29 188.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 314.20 188.25 Td (if ) Tj ET Q q 0 0 0 rg BT 322.79 188.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 370.24 188.25 Td (not ) Tj ET Q q 0 0 0 rg BT 385.50 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.75 188.25 Td (be ) Tj ET Q q 0 0 0 rg BT 407.66 188.25 Td (detrimental ) Tj ET Q q 0 0 0 rg BT 455.68 188.25 Td (to ) Tj ET Q q 0 0 0 rg BT 465.93 188.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.62 188.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 521.99 188.25 Td (or ) Tj ET Q q 0 0 0 rg BT 532.79 188.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 560.01 188.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 162.68505859375 m 201.33984375 162.68505859375 l s q 0 0 0 rg BT 85.50 164.25 Td (Issuance ) Tj ET Q q 0 0 0 rg BT 124.67 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.50 164.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 177.45 164.25 Td (Stock) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.34 164.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.84 164.25 Td ( ) Tj ET Q q 0 0 0 rg BT 206.34 164.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.66 164.25 Td (W) Tj ET Q q 0 0 0 rg BT 217.70 164.25 Td (ithout ) Tj ET Q q 0 0 0 rg BT 243.53 164.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 287.42 164.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 317.69 164.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 339.07 164.25 Td (not ) Tj ET Q q 0 0 0 rg BT 354.35 164.25 Td (have ) Tj ET Q q 0 0 0 rg BT 375.73 164.25 Td (any ) Tj ET Q q 0 0 0 rg BT 392.67 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 403.50 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 418.21 164.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 443.49 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 460.43 164.25 Td (privileges ) Tj ET Q q 0 0 0 rg BT 502.37 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 513.20 164.25 Td (an ) Tj ET Q endstream endobj 239 0 obj <> endobj 240 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 76.68 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 87.21 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.62 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 143.28 740.10 Td (s ) Tj ET Q q 0 0 0 rg BT 149.37 740.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 188.79 740.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 213.76 740.10 Td (\(including ) Tj ET Q q 0 0 0 rg BT 257.06 740.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 284.81 740.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 309.78 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 326.41 740.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 363.60 740.10 Td (rights\), ) Tj ET Q q 0 0 0 rg BT 394.41 740.10 Td (until ) Tj ET Q q 0 0 0 rg BT 414.93 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.19 740.10 Td (V) Tj ET Q q 0 0 0 rg BT 435.30 740.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 461.38 740.10 Td (Date. ) Tj ET Q q 0 0 0 rg BT 484.79 740.10 Td (The ) Tj ET Q q 0 0 0 rg BT 502.53 740.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 543.61 740.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 80.01 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.96 728.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 126.02 728.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 179.85 728.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 209.25 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 219.77 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.73 728.10 Td (form ) Tj ET Q q 0 0 0 rg BT 256.91 728.10 Td (described ) Tj ET Q q 0 0 0 rg BT 297.96 728.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 308.48 728.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 342.33 728.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.33 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.08 728.10 Td (above ) Tj ET Q q 0 0 0 rg BT 376.69 728.10 Td (\(reduced ) Tj ET Q q 0 0 0 rg BT 414.41 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 427.15 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.11 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 475.40 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 486.47 728.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 514.20 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.28 728.10 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 75.28 716.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 115.48 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 126.26 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 141.48 716.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 183.36 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 194.14 716.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 211.58 716.10 Td (required ) Tj ET Q q 0 0 0 rg BT 247.90 716.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 299.23 716.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.00 716.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 359.11 716.10 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 364.11 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 367.11 716.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 397.32 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 408.10 716.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 438.87 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 450.20 716.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 472.09 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.42 716.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 529.74 716.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (following ) Tj ET Q q 0 0 0 rg BT 90.43 704.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 123.86 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 125.75 704.10 Td (The ) Tj ET Q q 0 0 0 rg BT 143.34 704.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 173.15 704.10 Td (agrees ) Tj ET Q q 0 0 0 rg BT 200.73 704.10 Td (that ) Tj ET Q q 0 0 0 rg BT 217.77 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 232.03 704.10 Td (delivery ) Tj ET Q q 0 0 0 rg BT 266.84 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 277.21 704.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 316.48 704.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 341.30 704.10 Td (is ) Tj ET Q q 0 0 0 rg BT 350.01 704.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 380.38 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.20 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.46 704.10 Td (Company) Tj ET Q q 0 0 0 rg BT 446.12 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 452.06 704.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 475.21 704.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 518.91 704.10 Td (guidelines, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 692.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 105.60 692.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 144.20 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 166.14 692.10 Td (time ) Tj ET Q q 0 0 0 rg BT 186.41 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 196.69 692.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 666.53505859375 m 151.0615234375 666.53505859375 l s q 0 0 0 rg BT 85.50 668.10 Td (Administration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.06 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 156.42 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.07 668.10 Td (W) Tj ET Q q 0 0 0 rg BT 168.11 668.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 194.30 668.10 Td (limiting ) Tj ET Q q 0 0 0 rg BT 228.83 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.90 668.10 Td (generality ) Tj ET Q q 0 0 0 rg BT 286.74 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 297.93 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.01 668.10 Td (Committee) Tj ET Q q 0 0 0 rg BT 360.22 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 366.97 668.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 395.11 668.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 421.85 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 439.15 668.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 486.45 668.10 Td (under ) Tj ET Q q 0 0 0 rg BT 512.08 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.15 668.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 550.29 668.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 97.18 656.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 119.32 656.10 Td (have ) Tj ET Q q 0 0 0 rg BT 141.44 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 156.90 656.10 Td (following ) Tj ET Q q 0 0 0 rg BT 199.04 656.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 233.38 656.10 Td (rights, ) Tj ET Q q 0 0 0 rg BT 261.90 656.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 289.03 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 306.72 656.10 Td (obligations ) Tj ET Q q 0 0 0 rg BT 354.41 656.10 Td (with ) Tj ET Q q 0 0 0 rg BT 375.43 656.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 406.99 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 418.02 656.10 Td (this ) Tj ET Q q 0 0 0 rg BT 435.00 656.10 Td (A) Tj ET Q q 0 0 0 rg BT 441.30 656.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 467.04 656.10 Td ( ) Tj ET Q q 0 0 0 rg BT 470.05 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 479.08 656.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 505.67 656.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 550.30 656.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.61 644.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 118.17 644.10 Td (interpret ) Tj ET Q q 0 0 0 rg BT 154.71 644.10 Td (conclusively ) Tj ET Q q 0 0 0 rg BT 207.93 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.82 644.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 267.16 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.16 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 292.46 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 298.77 644.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 323.93 644.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 348.82 644.10 Td (such ) Tj ET Q q 0 0 0 rg BT 369.82 644.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 391.93 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 409.04 644.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 456.15 644.10 Td (for ) Tj ET Q q 0 0 0 rg BT 470.48 644.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 506.47 644.10 Td (out ) Tj ET Q q 0 0 0 rg BT 521.92 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.22 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 542.52 644.10 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.75 632.10 Td (it ) Tj ET Q q 0 0 0 rg BT 69.23 632.10 Td (may ) Tj ET Q q 0 0 0 rg BT 89.38 632.10 Td (deem ) Tj ET Q q 0 0 0 rg BT 113.95 632.10 Td (advisable, ) Tj ET Q q 0 0 0 rg BT 157.14 632.10 Td (decide ) Tj ET Q q 0 0 0 rg BT 186.16 632.10 Td (conclusively ) Tj ET Q q 0 0 0 rg BT 239.63 632.10 Td (all ) Tj ET Q q 0 0 0 rg BT 252.54 632.10 Td (questions ) Tj ET Q q 0 0 0 rg BT 293.25 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 304.50 632.10 Td (fact ) Tj ET Q q 0 0 0 rg BT 322.41 632.10 Td (arising ) Tj ET Q q 0 0 0 rg BT 352.55 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 363.25 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 378.39 632.10 Td (application ) Tj ET Q q 0 0 0 rg BT 425.75 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.00 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 451.49 632.10 Td (A) Tj ET Q q 0 0 0 rg BT 457.80 632.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 483.21 632.10 Td (certify ) Tj ET Q q 0 0 0 rg BT 512.23 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.37 632.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 554.73 632.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 78.10 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 94.47 620.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 149.72 620.10 Td (Criteria ) Tj ET Q q 0 0 0 rg BT 184.42 620.10 Td (has ) Tj ET Q q 0 0 0 rg BT 201.91 620.10 Td (been ) Tj ET Q q 0 0 0 rg BT 224.94 620.10 Td (satisfied ) Tj ET Q q 0 0 0 rg BT 262.43 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.03 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 297.40 620.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 352.64 620.10 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 400.67 620.10 Td (earned, ) Tj ET Q q 0 0 0 rg BT 433.97 620.10 Td (exercise ) Tj ET Q q 0 0 0 rg BT 470.88 620.10 Td (its ) Tj ET Q q 0 0 0 rg BT 484.49 620.10 Td (right ) Tj ET Q q 0 0 0 rg BT 507.54 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.47 620.10 Td (reduce ) Tj ET Q q 0 0 0 rg BT 550.28 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.62 608.10 Td (Percentage, ) Tj ET Q q 0 0 0 rg BT 151.02 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.49 608.10 Td (make ) Tj ET Q q 0 0 0 rg BT 191.18 608.10 Td (all ) Tj ET Q q 0 0 0 rg BT 203.21 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 225.79 608.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 287.26 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 303.73 608.10 Td (take ) Tj ET Q q 0 0 0 rg BT 322.42 608.10 Td (all ) Tj ET Q q 0 0 0 rg BT 334.45 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 357.03 608.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 387.39 608.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 428.30 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 438.66 608.10 Td (desirable ) Tj ET Q q 0 0 0 rg BT 476.79 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 490.49 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.74 608.10 Td (administration ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.59 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.95 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 81.25 596.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 106.50 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 109.05 596.10 Td (The ) Tj ET Q q 0 0 0 rg BT 127.36 596.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 174.55 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 183.98 596.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 228.93 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 239.47 596.10 Td (change ) Tj ET Q q 0 0 0 rg BT 270.54 596.10 Td (any ) Tj ET Q q 0 0 0 rg BT 287.73 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 298.82 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 313.79 596.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 338.76 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 349.85 596.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 394.27 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.35 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.72 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 426.02 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 448.77 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 459.30 596.10 Td (order ) Tj ET Q q 0 0 0 rg BT 483.15 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.69 596.10 Td (take ) Tj ET Q q 0 0 0 rg BT 513.10 596.10 Td (into ) Tj ET Q q 0 0 0 rg BT 531.41 596.10 Td (account ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (any ) Tj ET Q q 0 0 0 rg BT 65.69 584.10 Td (material ) Tj ET Q q 0 0 0 rg BT 100.21 584.10 Td (unanticipated ) Tj ET Q q 0 0 0 rg BT 155.83 584.10 Td (change ) Tj ET Q q 0 0 0 rg BT 185.90 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 195.44 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.41 584.10 Td (Company) Tj ET Q q 0 0 0 rg BT 251.07 584.10 Td (s ) Tj ET Q q 0 0 0 rg BT 256.72 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.80 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 273.00 584.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 292.52 584.10 Td (Company) Tj ET Q q 0 0 0 rg BT 334.19 584.10 Td (s ) Tj ET Q q 0 0 0 rg BT 339.83 584.10 Td (operations, ) Tj ET Q q 0 0 0 rg BT 385.75 584.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 425.25 584.10 Td (structure, ) Tj ET Q q 0 0 0 rg BT 464.50 584.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 492.08 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 502.17 584.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 531.69 584.10 Td (change, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (but ) Tj ET Q q 0 0 0 rg BT 64.56 572.10 Td (only ) Tj ET Q q 0 0 0 rg BT 84.61 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 94.67 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 109.16 572.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 135.87 572.10 Td (such ) Tj ET Q q 0 0 0 rg BT 156.48 572.10 Td (action ) Tj ET Q q 0 0 0 rg BT 183.19 572.10 Td (carries ) Tj ET Q q 0 0 0 rg BT 212.12 572.10 Td (out ) Tj ET Q q 0 0 0 rg BT 227.17 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.67 572.10 Td (original ) Tj ET Q q 0 0 0 rg BT 275.05 572.10 Td (purpose, ) Tj ET Q q 0 0 0 rg BT 311.49 572.10 Td (intent ) Tj ET Q q 0 0 0 rg BT 336.54 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 353.25 572.10 Td (objectives ) Tj ET Q q 0 0 0 rg BT 396.07 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.68 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 420.67 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 426.98 572.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 451.75 572.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 470.96 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 481.02 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.51 572.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 522.22 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.22 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 542.52 572.10 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 57.63 560.10 Td (intended ) Tj ET Q q 0 0 0 rg BT 93.53 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.77 560.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 132.56 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 142.36 560.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 198.78 560.10 Td (based ) Tj ET Q q 0 0 0 rg BT 227.45 560.10 Td (under ) Tj ET Q q 0 0 0 rg BT 251.68 560.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 283.14 560.10 Td (162\(m\) ) Tj ET Q q 0 0 0 rg BT 314.05 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.84 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 337.52 560.10 Td (Internal ) Tj ET Q q 0 0 0 rg BT 370.08 560.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 406.53 560.10 Td (Code, ) Tj ET Q q 0 0 0 rg BT 431.60 560.10 Td (does ) Tj ET Q q 0 0 0 rg BT 451.39 560.10 Td (not ) Tj ET Q q 0 0 0 rg BT 465.64 560.10 Td (af) Tj ET Q q 0 0 0 rg BT 473.22 560.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 489.67 560.10 Td (such ) Tj ET Q q 0 0 0 rg BT 509.47 560.10 Td (qualification. ) Tj ET Q q 0 0 0 rg BT 565.00 560.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (All ) Tj ET Q q 0 0 0 rg BT 65.14 548.10 Td (decisions ) Tj ET Q q 0 0 0 rg BT 105.23 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.53 548.10 Td (acts ) Tj ET Q q 0 0 0 rg BT 140.95 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.14 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.22 548.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 214.53 548.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 236.28 548.10 Td (be ) Tj ET Q q 0 0 0 rg BT 248.59 548.10 Td (final ) Tj ET Q q 0 0 0 rg BT 269.78 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 287.08 548.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 320.51 548.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 343.37 548.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 374.01 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 391.31 548.10 Td (all ) Tj ET Q q 0 0 0 rg BT 404.17 548.10 Td (other ) Tj ET Q q 0 0 0 rg BT 427.59 548.10 Td (af) Tj ET Q q 0 0 0 rg BT 435.17 548.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 462.46 548.10 Td (parties. ) Tj ET Q q 0 0 0 rg BT 494.49 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 497.14 548.10 Td (The ) Tj ET Q q 0 0 0 rg BT 515.56 548.10 Td (Committee, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (without ) Tj ET Q q 0 0 0 rg BT 81.57 536.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 124.48 536.10 Td (may ) Tj ET Q q 0 0 0 rg BT 143.21 536.10 Td (delegate ) Tj ET Q q 0 0 0 rg BT 178.04 536.10 Td (all ) Tj ET Q q 0 0 0 rg BT 189.55 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 199.40 536.10 Td (what, ) Tj ET Q q 0 0 0 rg BT 222.86 536.10 Td (in ) Tj ET Q q 0 0 0 rg BT 232.15 536.10 Td (its ) Tj ET Q q 0 0 0 rg BT 243.12 536.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 260.75 536.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 304.20 536.10 Td (it ) Tj ET Q q 0 0 0 rg BT 311.27 536.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 356.66 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 365.96 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 376.91 536.10 Td (ministerial ) Tj ET Q q 0 0 0 rg BT 421.20 536.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 446.60 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 455.90 536.10 Td (an ) Tj ET Q q 0 0 0 rg BT 466.85 536.10 Td (administrator; ) Tj ET Q q 0 0 0 rg BT 524.47 536.10 Td (provided, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (further) Tj ET Q q 0 0 0 rg BT 76.31 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 81.26 524.10 Td (that ) Tj ET Q q 0 0 0 rg BT 98.70 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.37 524.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 175.25 524.10 Td (under) Tj ET Q q 0 0 0 rg BT 197.62 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 202.57 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 219.46 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.13 524.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 294.34 524.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 307.62 524.10 Td (any ) Tj ET Q q 0 0 0 rg BT 324.51 524.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 364.74 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 375.52 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.65 524.10 Td (A) Tj ET Q q 0 0 0 rg BT 395.95 524.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 418.39 524.10 Td (by ) Tj ET Q q 0 0 0 rg BT 430.84 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.51 524.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 492.40 524.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 516.24 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 526.47 524.10 Td (all ) Tj ET Q q 0 0 0 rg BT 538.92 524.10 Td (cases, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 71.72 512.10 Td (its ) Tj ET Q q 0 0 0 rg BT 83.67 512.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 102.27 512.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 146.71 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.65 512.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 185.03 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 196.97 512.10 Td (final ) Tj ET Q q 0 0 0 rg BT 217.80 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.73 512.10 Td (conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 488.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 486.53505859375 m 134.09619140625 486.53505859375 l s q 0 0 0 rg BT 85.50 488.10 Td (Beneficiary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.82 488.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.32 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.15 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.97 488.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 170.11 488.10 Td () Tj ET Q q 0 0 0 rg BT 172.89 488.10 Td (s ) Tj ET Q q 0 0 0 rg BT 179.60 488.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 205.21 488.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 248.01 488.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 269.72 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 281.98 488.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 329.78 488.10 Td (during ) Tj ET Q q 0 0 0 rg BT 358.71 488.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 386.85 488.10 Td () Tj ET Q q 0 0 0 rg BT 389.63 488.10 Td (s ) Tj ET Q q 0 0 0 rg BT 396.34 488.10 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 430.27 488.10 Td (only ) Tj ET Q q 0 0 0 rg BT 450.87 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.70 488.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 494.29 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.44 488.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 533.58 488.10 Td () Tj ET Q q 0 0 0 rg BT 536.36 488.10 Td (s ) Tj ET Q q 0 0 0 rg BT 543.08 488.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (representative. ) Tj ET Q q 0 0 0 rg BT 111.69 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.30 476.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 146.68 476.10 Td (may ) Tj ET Q q 0 0 0 rg BT 167.51 476.10 Td (file ) Tj ET Q q 0 0 0 rg BT 184.45 476.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.84 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.67 476.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 269.72 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.77 476.10 Td (written ) Tj ET Q q 0 0 0 rg BT 309.71 476.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 359.43 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.37 476.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 419.95 476.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 445.22 476.10 Td (person\(s\) ) Tj ET Q q 0 0 0 rg BT 486.05 476.10 Td (being ) Tj ET Q q 0 0 0 rg BT 511.88 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.71 476.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.85 476.10 Td () Tj ET Q q 0 0 0 rg BT 558.62 476.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.94 464.10 Td (Beneficiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.81 464.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 114.56 464.10 Td (on ) Tj ET Q q 0 0 0 rg BT 126.04 464.10 Td (such ) Tj ET Q q 0 0 0 rg BT 145.84 464.10 Td (form ) Tj ET Q q 0 0 0 rg BT 166.76 464.10 Td (as ) Tj ET Q q 0 0 0 rg BT 176.57 464.10 Td (may ) Tj ET Q q 0 0 0 rg BT 195.27 464.10 Td (be ) Tj ET Q q 0 0 0 rg BT 206.18 464.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 249.31 464.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.79 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 274.48 464.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 322.90 464.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 352.14 464.10 Td (may) Tj ET Q q 0 0 0 rg BT 368.71 464.10 Td (, ) Tj ET Q q 0 0 0 rg BT 372.69 464.10 Td (from ) Tj ET Q q 0 0 0 rg BT 393.61 464.10 Td (time ) Tj ET Q q 0 0 0 rg BT 412.86 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.12 464.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 443.87 464.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 472.00 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.81 464.10 Td (revoke ) Tj ET Q q 0 0 0 rg BT 510.50 464.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.41 464.10 Td (designation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 452.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 106.32 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.32 452.10 Td (If ) Tj ET Q q 0 0 0 rg BT 120.48 452.10 Td (no ) Tj ET Q q 0 0 0 rg BT 132.98 452.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 178.25 452.10 Td (Beneficiary ) Tj ET Q q 0 0 0 rg BT 227.39 452.10 Td (survives ) Tj ET Q q 0 0 0 rg BT 263.22 452.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 290.58 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.58 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.30 452.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 338.44 452.10 Td () Tj ET Q q 0 0 0 rg BT 341.22 452.10 Td (s ) Tj ET Q q 0 0 0 rg BT 347.61 452.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 372.87 452.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 394.26 452.10 Td (be ) Tj ET Q q 0 0 0 rg BT 406.20 452.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 439.79 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 450.07 452.10 Td (be ) Tj ET Q q 0 0 0 rg BT 462.01 452.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 490.15 452.10 Td () Tj ET Q q 0 0 0 rg BT 492.93 452.10 Td (s ) Tj ET Q q 0 0 0 rg BT 499.32 452.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 545.31 452.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 426.53505859375 m 198.87841796875 426.53505859375 l s q 0 0 0 rg BT 85.50 428.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 142.23 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.84 428.10 Td (this ) Tj ET Q q 0 0 0 rg BT 170.18 428.10 Td (A) Tj ET Q q 0 0 0 rg BT 176.66 428.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.88 428.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.38 428.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.66 428.10 Td (In ) Tj ET Q q 0 0 0 rg BT 214.26 428.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 249.31 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.37 428.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.08 428.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 326.13 428.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.18 428.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 384.56 428.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.56 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.84 428.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 421.60 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.66 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.15 428.10 Td (event ) Tj ET Q q 0 0 0 rg BT 470.08 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.69 428.10 Td (any ) Tj ET Q q 0 0 0 rg BT 497.41 428.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 534.68 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 545.29 428.10 Td (split ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.29 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.97 416.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 112.08 416.10 Td (common ) Tj ET Q q 0 0 0 rg BT 150.54 416.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 178.99 416.10 Td (security ) Tj ET Q q 0 0 0 rg BT 214.10 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.89 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.57 416.10 Td (Company) Tj ET Q q 0 0 0 rg BT 279.81 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.77 416.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.56 416.10 Td (recapitalization ) Tj ET Q q 0 0 0 rg BT 362.65 416.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 409.71 416.10 Td (but ) Tj ET Q q 0 0 0 rg BT 425.95 416.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.19 416.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 473.98 416.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 487.71 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.39 416.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 541.28 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 416.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 107.23 404.10 Td (dividend\), ) Tj ET Q q 0 0 0 rg BT 151.92 404.10 Td (mer) Tj ET Q q 0 0 0 rg BT 167.29 404.10 Td (ger) Tj ET Q q 0 0 0 rg BT 179.66 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.02 404.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 246.27 404.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 302.63 404.10 Td (spin-of) Tj ET Q q 0 0 0 rg BT 330.78 404.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 340.47 404.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 390.45 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.65 404.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.85 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.49 404.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 495.91 404.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 523.65 404.10 Td (than ) Tj ET Q q 0 0 0 rg BT 544.73 404.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (dividends\), ) Tj ET Q q 0 0 0 rg BT 96.37 392.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 136.28 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.76 392.10 Td (such ) Tj ET Q q 0 0 0 rg BT 167.24 392.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 196.88 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.37 392.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.06 392.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 259.99 392.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 299.90 392.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 332.86 392.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.79 392.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 380.48 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.42 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.78 392.10 Td (Company) Tj ET Q q 0 0 0 rg BT 443.02 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 447.67 392.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 495.36 392.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 545.28 392.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 380.10 Td (made ) Tj ET Q q 0 0 0 rg BT 85.59 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.87 380.10 Td (this ) Tj ET Q q 0 0 0 rg BT 112.27 380.10 Td (A) Tj ET Q q 0 0 0 rg BT 118.57 380.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 141.06 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.34 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.28 380.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 190.76 380.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 224.36 380.10 Td (equitable ) Tj ET Q q 0 0 0 rg BT 263.51 380.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.01 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.73 380.10 Td (Committee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.53505859375 m 222.5673828125 354.53505859375 l s q 0 0 0 rg BT 85.50 356.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 115.68 356.10 Td () Tj ET Q q 0 0 0 rg BT 118.63 356.10 Td (s ) Tj ET Q q 0 0 0 rg BT 124.96 356.10 Td (Access ) Tj ET Q q 0 0 0 rg BT 156.40 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.85 356.10 Td (Information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.57 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.69 356.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.12 356.10 Td (As ) Tj ET Q q 0 0 0 rg BT 242.35 356.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 264.36 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.81 356.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 322.24 356.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 358.14 356.10 Td (after ) Tj ET Q q 0 0 0 rg BT 379.58 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.91 356.10 Td (close ) Tj ET Q q 0 0 0 rg BT 418.58 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.03 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.36 356.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 487.91 356.10 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 526.66 356.10 Td (Y) Tj ET Q q 0 0 0 rg BT 532.88 356.10 Td (ear) Tj ET Q q 0 0 0 rg BT 544.68 356.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.30 356.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 95.43 344.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 115.81 344.10 Td (make ) Tj ET Q q 0 0 0 rg BT 138.96 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 150.44 344.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 184.14 344.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 220.06 344.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 266.53 344.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 315.78 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.71 344.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 392.63 344.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 432.21 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.20 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.13 344.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.18 344.10 Td (furnish ) Tj ET Q q 0 0 0 rg BT 499.00 344.10 Td (all ) Tj ET Q q 0 0 0 rg BT 510.49 344.10 Td (such ) Tj ET Q q 0 0 0 rg BT 530.31 344.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.96 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.98 332.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 138.99 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.56 332.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 170.70 332.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.27 332.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 226.83 332.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 261.85 332.10 Td (following ) Tj ET Q q 0 0 0 rg BT 302.98 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.44 332.10 Td (date ) Tj ET Q q 0 0 0 rg BT 336.34 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.59 332.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.27 332.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 390.01 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.58 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.26 332.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 452.28 332.10 Td (majority) Tj ET Q q 0 0 0 rg BT 485.51 332.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.26 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.83 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.29 332.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 320.10 Td (available.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (14. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.53505859375 m 188.791015625 294.53505859375 l s q 0 0 0 rg BT 85.50 296.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.08 296.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.01 296.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 143.54 296.10 Td (Permitted.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.79 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.33 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 296.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.78 296.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 237.09 296.10 Td (under ) Tj ET Q q 0 0 0 rg BT 262.40 296.10 Td (this ) Tj ET Q q 0 0 0 rg BT 278.83 296.10 Td (A) Tj ET Q q 0 0 0 rg BT 285.14 296.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 307.67 296.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.41 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.73 296.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 387.47 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.01 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.76 296.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 445.07 296.10 Td (other ) Tj ET Q q 0 0 0 rg BT 468.16 296.10 Td (than ) Tj ET Q q 0 0 0 rg BT 487.92 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 500.46 296.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.55 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 529.43 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 296.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.45 284.10 Td (descent ) Tj ET Q q 0 0 0 rg BT 93.05 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.11 284.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 161.34 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.40 284.10 Td (so ) Tj ET Q q 0 0 0 rg BT 189.91 284.10 Td (long ) Tj ET Q q 0 0 0 rg BT 210.31 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.25 284.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 251.64 284.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 275.65 284.10 Td (only ) Tj ET Q q 0 0 0 rg BT 296.04 284.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 326.43 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.38 284.10 Td (his ) Tj ET Q q 0 0 0 rg BT 351.67 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.62 284.10 Td (her ) Tj ET Q q 0 0 0 rg BT 378.00 284.10 Td (guardian ) Tj ET Q q 0 0 0 rg BT 415.61 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.56 284.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 448.61 284.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 507.31 284.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.81 284.10 Td (have ) Tj ET Q q 0 0 0 rg BT 550.31 284.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (right ) Tj ET Q q 0 0 0 rg BT 70.89 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.17 272.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 112.53 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.47 272.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 154.73 272.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 185.54 272.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 239.13 272.10 Td (Shares.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 52.00 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 54.50 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 57.00 260.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (15. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 246.53505859375002 m 243.6923828125 246.53505859375002 l s q 0 0 0 rg BT 85.50 248.10 Td (No ) Tj ET Q q 0 0 0 rg BT 99.97 248.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 125.94 248.10 Td (T) Tj ET Q q 0 0 0 rg BT 131.69 248.10 Td (o ) Tj ET Q q 0 0 0 rg BT 138.93 248.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 186.19 248.10 Td (Employment.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.69 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 245.94 248.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.18 248.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 280.41 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.87 248.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 314.89 248.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 330.46 248.10 Td (this ) Tj ET Q q 0 0 0 rg BT 346.66 248.10 Td (A) Tj ET Q q 0 0 0 rg BT 352.97 248.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 375.20 248.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 396.33 248.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 424.11 248.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 446.35 248.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 476.37 248.10 Td (any ) Tj ET Q q 0 0 0 rg BT 493.05 248.10 Td (right ) Tj ET Q q 0 0 0 rg BT 514.18 248.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.20 248.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.92 236.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 112.56 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.53 236.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 176.17 236.10 Td (by ) Tj ET Q q 0 0 0 rg BT 188.81 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.67 236.10 Td (Company) Tj ET Q q 0 0 0 rg BT 241.91 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.05 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.03 236.10 Td (any ) Tj ET Q q 0 0 0 rg BT 275.11 236.10 Td (right ) Tj ET Q q 0 0 0 rg BT 296.64 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.06 236.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 340.25 236.10 Td (services ) Tj ET Q q 0 0 0 rg BT 375.10 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.53 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.39 236.10 Td (Company) Tj ET Q q 0 0 0 rg BT 438.62 236.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.77 236.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 459.74 236.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 481.27 236.10 Td (they ) Tj ET Q q 0 0 0 rg BT 501.13 236.10 Td (interfere ) Tj ET Q q 0 0 0 rg BT 537.64 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.06 236.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (way ) Tj ET Q q 0 0 0 rg BT 68.66 224.10 Td (with ) Tj ET Q q 0 0 0 rg BT 88.94 224.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 117.08 224.10 Td () Tj ET Q q 0 0 0 rg BT 119.86 224.10 Td (s ) Tj ET Q q 0 0 0 rg BT 126.25 224.10 Td (right ) Tj ET Q q 0 0 0 rg BT 147.63 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.91 224.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 198.17 224.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 253.16 224.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.99 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.71 224.10 Td (Company) Tj ET Q q 0 0 0 rg BT 320.37 224.10 Td (s ) Tj ET Q q 0 0 0 rg BT 326.77 224.10 Td (right ) Tj ET Q q 0 0 0 rg BT 348.15 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.43 224.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 398.69 224.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 426.83 224.10 Td () Tj ET Q q 0 0 0 rg BT 429.61 224.10 Td (s ) Tj ET Q q 0 0 0 rg BT 436.00 224.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 490.99 224.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.71 224.10 Td (any ) Tj ET Q q 0 0 0 rg BT 517.64 224.10 Td (time. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (16. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 198.53505859375002 m 152.6328125 198.53505859375002 l s q 0 0 0 rg BT 85.50 200.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 200.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 200.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 200.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 200.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 200.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 200.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 200.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 200.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 200.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 200.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 200.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 200.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 200.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 200.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 200.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 200.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 188.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 188.10 Td (Delaware. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (17. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 162.53505859375002 m 147.4482421875 162.53505859375002 l s q 0 0 0 rg BT 85.50 164.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 121.91 164.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.45 164.10 Td (. ) Tj ET Q q 0 0 0 rg BT 152.45 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 154.77 164.10 Td (This ) Tj ET Q q 0 0 0 rg BT 174.49 164.10 Td (A) Tj ET Q q 0 0 0 rg BT 180.80 164.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 203.29 164.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 224.67 164.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 247.72 164.10 Td (to ) Tj ET Q q 0 0 0 rg BT 258.00 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 272.72 164.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 302.98 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.81 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 330.75 164.10 Td (be ) Tj ET Q q 0 0 0 rg BT 342.69 164.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 375.74 164.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 398.24 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 412.96 164.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 437.40 164.10 Td (executors, ) Tj ET Q endstream endobj 241 0 obj <> endobj 242 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 111.71 740.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 152.53 740.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 197.24 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 214.18 740.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 245.57 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 256.40 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 271.12 740.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 300.28 740.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (18. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 714.53505859375 m 120.4951171875 714.53505859375 l s q 0 0 0 rg BT 85.50 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.95 716.10 Td (aivers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 125.43 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.33 716.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 146.99 716.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 176.63 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.39 716.10 Td (any ) Tj ET Q q 0 0 0 rg BT 204.27 716.10 Td (right ) Tj ET Q q 0 0 0 rg BT 225.59 716.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 258.01 716.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 294.89 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.10 716.10 Td (this ) Tj ET Q q 0 0 0 rg BT 321.45 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 327.75 716.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 350.17 716.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 371.50 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.71 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.58 716.10 Td (valid ) Tj ET Q q 0 0 0 rg BT 421.02 716.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 448.45 716.10 Td (it ) Tj ET Q q 0 0 0 rg BT 456.44 716.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.55 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.76 716.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 507.08 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.96 716.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 552.50 716.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 704.10 Td (party ) Tj ET Q q 0 0 0 rg BT 87.26 704.10 Td (waiving ) Tj ET Q q 0 0 0 rg BT 121.98 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.70 704.10 Td (right. ) Tj ET Q q 0 0 0 rg BT 160.58 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.53 704.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 182.25 704.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.08 704.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 232.79 704.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 254.18 704.10 Td (not ) Tj ET Q q 0 0 0 rg BT 269.46 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 281.39 704.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 314.99 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.27 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.21 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.14 704.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 373.85 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.68 704.10 Td (any ) Tj ET Q q 0 0 0 rg BT 401.62 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.67 704.10 Td (rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (19. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 678.53505859375 m 136.603515625 678.53505859375 l s q 0 0 0 rg BT 85.50 680.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 680.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 680.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 680.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 680.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 680.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 680.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 680.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 680.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 680.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 680.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 680.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 680.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 680.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 680.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 680.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 668.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 668.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 668.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 668.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 668.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 668.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 668.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 668.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 668.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 668.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 668.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 668.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 668.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 668.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 656.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 656.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 656.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 656.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 656.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (20. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 630.53505859375 m 128.283203125 630.53505859375 l s q 0 0 0 rg BT 85.50 632.10 Td (Clawback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.28 632.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.97 632.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.71 632.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 203.99 632.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 232.84 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 247.24 632.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 277.75 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 287.72 632.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.35 632.10 Td (written ) Tj ET Q q 0 0 0 rg BT 334.87 632.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 374.82 632.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 408.11 632.10 Td (that ) Tj ET Q q 0 0 0 rg BT 425.30 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 439.71 632.10 Td (Company) Tj ET Q q 0 0 0 rg BT 477.94 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 482.63 632.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.60 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.01 632.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 554.19 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.97 620.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 95.15 620.10 Td (may ) Tj ET Q q 0 0 0 rg BT 115.62 620.10 Td (adopt. ) Tj ET Q q 0 0 0 rg BT 142.87 620.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 163.34 620.10 Td (such ) Tj ET Q q 0 0 0 rg BT 184.92 620.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 213.17 620.10 Td (may ) Tj ET Q q 0 0 0 rg BT 233.63 620.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 265.21 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.67 620.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 335.01 620.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 364.92 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 382.60 620.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 419.74 620.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 440.21 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.79 620.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 486.68 620.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.70 620.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.27 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.30 620.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.92 608.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 133.91 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 145.02 608.10 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 188.62 608.10 Td (cancelation, ) Tj ET Q q 0 0 0 rg BT 239.98 608.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 281.07 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 292.74 608.10 Td (recoupment ) Tj ET Q q 0 0 0 rg BT 343.27 608.10 Td (if ) Tj ET Q q 0 0 0 rg BT 352.71 608.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 383.25 608.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 422.68 608.10 Td (events ) Tj ET Q q 0 0 0 rg BT 451.56 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 463.22 608.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 503.22 608.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 538.21 608.10 Td (occur) Tj ET Q q 0 0 0 rg BT 560.01 608.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.46 596.10 Td (but ) Tj ET Q q 0 0 0 rg BT 106.42 596.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.38 596.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 153.89 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.85 596.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.47 596.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 224.53 596.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 273.80 596.10 Td (due ) Tj ET Q q 0 0 0 rg BT 291.42 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.38 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.78 596.10 Td (Company) Tj ET Q q 0 0 0 rg BT 359.45 596.10 Td (s ) Tj ET Q q 0 0 0 rg BT 366.52 596.10 Td (material ) Tj ET Q q 0 0 0 rg BT 402.46 596.10 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 466.73 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 487.69 596.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 596.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.90 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.20 584.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.72 584.10 Td (events ) Tj ET Q q 0 0 0 rg BT 156.24 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.54 584.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 205.17 584.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 238.79 584.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 276.86 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.61 584.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.02 584.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.32 584.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 363.04 584.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 390.01 584.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 423.63 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.38 584.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 469.23 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 584.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 543.87 584.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.51 584.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 74.40 572.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 106.53 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.54 572.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 165.23 572.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 207.56 572.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 223.58 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 572.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 255.06 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 572.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 292.09 572.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 344.21 572.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 388.54 572.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.12 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.91 572.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.92 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 572.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 511.94 572.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 560.10 Td (that ) Tj ET Q q 0 0 0 rg BT 83.93 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 560.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.04 560.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 186.41 560.10 Td (should ) Tj ET Q q 0 0 0 rg BT 215.58 560.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 240.30 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.57 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 265.29 560.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 318.88 560.10 Td (Shares.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (21. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 534.53505859375 m 227.4970703125 534.53505859375 l s q 0 0 0 rg BT 85.50 536.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 139.13 536.10 Td (with ) Tj ET Q q 0 0 0 rg BT 160.54 536.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 204.71 536.10 Td (Laws) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.50 536.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.52 536.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 301.70 536.10 Td (any ) Tj ET Q q 0 0 0 rg BT 318.66 536.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 358.96 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.81 536.10 Td (this ) Tj ET Q q 0 0 0 rg BT 386.22 536.10 Td (A) Tj ET Q q 0 0 0 rg BT 392.52 536.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 415.03 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.33 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.07 536.10 Td (contrary) Tj ET Q q 0 0 0 rg BT 472.73 536.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.75 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.49 536.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 528.88 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.73 536.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.52 524.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.42 524.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 110.21 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.46 524.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 169.01 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.25 524.10 Td (all ) Tj ET Q q 0 0 0 rg BT 201.71 524.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 245.27 524.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 299.94 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.73 524.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 343.45 524.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 366.74 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.53 524.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 408.88 524.10 Td (law ) Tj ET Q q 0 0 0 rg BT 425.78 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.02 524.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.80 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.05 524.10 Td (such ) Tj ET Q q 0 0 0 rg BT 507.84 524.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 548.07 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.68 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.30 512.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 138.90 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.64 512.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.48 512.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.99 512.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 230.14 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.88 512.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.04 512.10 Td (system ) Tj ET Q q 0 0 0 rg BT 301.22 512.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 323.63 512.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.47 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.09 512.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 390.27 512.10 Td (may ) Tj ET Q q 0 0 0 rg BT 409.89 512.10 Td (then ) Tj ET Q q 0 0 0 rg BT 429.50 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.35 512.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 467.91 512.10 Td (No ) Tj ET Q q 0 0 0 rg BT 482.54 512.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 507.72 512.10 Td (will ) Tj ET Q q 0 0 0 rg BT 525.68 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.52 512.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 91.83 500.10 Td (if ) Tj ET Q q 0 0 0 rg BT 100.29 500.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.97 500.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 157.21 500.10 Td (would ) Tj ET Q q 0 0 0 rg BT 184.56 500.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 225.79 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.59 500.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 270.49 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.17 500.10 Td (any ) Tj ET Q q 0 0 0 rg BT 297.97 500.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 341.41 500.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 374.02 500.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 397.20 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.88 500.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 439.11 500.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 479.23 500.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 499.91 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.59 500.10 Td (other ) Tj ET Q q 0 0 0 rg BT 533.49 500.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 554.18 500.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.90 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.19 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.37 488.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 178.53 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.83 488.10 Td (any ) Tj ET Q q 0 0 0 rg BT 207.23 488.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.30 488.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 272.02 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.31 488.10 Td (market ) Tj ET Q q 0 0 0 rg BT 314.04 488.10 Td (system ) Tj ET Q q 0 0 0 rg BT 344.78 488.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.74 488.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.14 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.32 488.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.06 488.10 Td (may ) Tj ET Q q 0 0 0 rg BT 456.24 488.10 Td (then ) Tj ET Q q 0 0 0 rg BT 476.42 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 488.82 488.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 515.95 488.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 488.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.93 476.10 Td (will ) Tj ET Q q 0 0 0 rg BT 93.14 476.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.57 476.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.67 476.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 148.32 476.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 190.95 476.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 218.60 476.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 232.36 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 239.45 476.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 287.64 476.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 328.62 476.10 Td (under ) Tj ET Q q 0 0 0 rg BT 354.04 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 368.91 476.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 410.41 476.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 427.51 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.83 476.10 Td (at ) Tj ET Q q 0 0 0 rg BT 446.70 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.57 476.10 Td (time ) Tj ET Q q 0 0 0 rg BT 482.00 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.98 476.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 529.51 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 539.94 476.10 Td (ef) Tj ET Q q 0 0 0 rg BT 547.53 476.10 Td (fect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.95 464.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 98.94 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.40 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 122.29 464.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 148.95 464.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 175.63 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 185.63 464.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 198.97 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 208.42 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 222.31 464.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 254.54 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 264.55 464.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 285.66 464.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 317.88 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.88 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.78 464.10 Td (Company) Tj ET Q q 0 0 0 rg BT 380.01 464.10 Td (, ) Tj ET Q q 0 0 0 rg BT 384.19 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 398.08 464.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 424.74 464.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 451.42 464.10 Td (may ) Tj ET Q q 0 0 0 rg BT 470.31 464.10 Td (be ) Tj ET Q q 0 0 0 rg BT 481.42 464.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 508.10 464.10 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 464.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (with ) Tj ET Q q 0 0 0 rg BT 68.76 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 82.45 452.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 106.15 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.96 452.10 Td (an ) Tj ET Q q 0 0 0 rg BT 126.88 452.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 169.45 452.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 213.14 452.10 Td (from ) Tj ET Q q 0 0 0 rg BT 234.06 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 247.75 452.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 294.77 452.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 348.46 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.26 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 371.96 452.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 412.55 452.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 430.86 452.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 451.78 452.10 Td (HOLDER ) Tj ET Q q 0 0 0 rg BT 493.81 452.10 Td (IS ) Tj ET Q q 0 0 0 rg BT 504.18 452.10 Td (CAUTIONED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (THA) Tj ET Q q 0 0 0 rg BT 68.94 440.10 Td (T) Tj ET Q q 0 0 0 rg BT 74.87 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 77.93 440.10 Td (ISSUANCE ) Tj ET Q q 0 0 0 rg BT 129.89 440.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 145.73 440.10 Td (COMP) Tj ET Q q 0 0 0 rg BT 173.15 440.10 Td (ANY) Tj ET Q q 0 0 0 rg BT 194.45 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 197.51 440.10 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 246.69 440.10 Td (ST) Tj ET Q q 0 0 0 rg BT 258.17 440.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 282.35 440.10 Td (UPON ) Tj ET Q q 0 0 0 rg BT 312.41 440.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 334.69 440.10 Td (VESTING ) Tj ET Q q 0 0 0 rg BT 380.52 440.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 396.36 440.10 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 473.33 440.10 Td (SHARES ) Tj ET Q q 0 0 0 rg BT 514.73 440.10 Td (GRANTED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 102.11 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.83 428.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.76 428.10 Td (O ) Tj ET Q q 0 0 0 rg BT 122.70 428.10 Td (THIS ) Tj ET Q q 0 0 0 rg BT 148.05 428.10 Td (A) Tj ET Q q 0 0 0 rg BT 154.47 428.10 Td (W) Tj ET Q q 0 0 0 rg BT 162.80 428.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 187.93 428.10 Td (MA) Tj ET Q q 0 0 0 rg BT 203.12 428.10 Td (Y) Tj ET Q q 0 0 0 rg BT 209.97 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.99 428.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 234.36 428.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.37 428.10 Td (OCCUR ) Tj ET Q q 0 0 0 rg BT 276.84 428.10 Td (UNLESS ) Tj ET Q q 0 0 0 rg BT 318.34 428.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 341.79 428.10 Td (FOREGOING ) Tj ET Q q 0 0 0 rg BT 403.58 428.10 Td (CONDITIONS ) Tj ET Q q 0 0 0 rg BT 467.82 428.10 Td (ARE ) Tj ET Q q 0 0 0 rg BT 491.83 428.10 Td (SA) Tj ET Q q 0 0 0 rg BT 503.51 428.10 Td (TISFIED. ) Tj ET Q q 0 0 0 rg BT 546.95 428.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 85.37 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.24 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 416.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.43 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.75 416.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 190.29 416.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.27 416.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.25 416.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 272.88 416.10 Td (body ) Tj ET Q q 0 0 0 rg BT 295.42 416.10 Td (having ) Tj ET Q q 0 0 0 rg BT 325.18 416.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 373.27 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.03 416.10 Td (authority) Tj ET Q q 0 0 0 rg BT 423.49 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 428.53 416.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.18 416.10 Td (any) Tj ET Q q 0 0 0 rg BT 450.97 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.01 416.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 489.64 416.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.19 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 416.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 416.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 71.14 404.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 103.89 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.87 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.51 404.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 166.58 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.56 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.98 404.10 Td (lawful ) Tj ET Q q 0 0 0 rg BT 218.74 404.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 254.82 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.46 404.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 289.21 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.74 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 316.38 404.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.58 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.11 404.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 379.09 404.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 409.62 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.60 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.54 404.10 Td (A) Tj ET Q q 0 0 0 rg BT 439.84 404.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 462.04 404.10 Td (will ) Tj ET Q q 0 0 0 rg BT 479.80 404.10 Td (relieve ) Tj ET Q q 0 0 0 rg BT 509.20 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 404.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.54 392.10 Td (any ) Tj ET Q q 0 0 0 rg BT 75.69 392.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 108.50 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.99 392.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.02 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.05 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.98 392.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 199.78 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.27 392.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 230.98 392.10 Td (such ) Tj ET Q q 0 0 0 rg BT 251.02 392.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.72 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.76 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.24 392.10 Td (which ) Tj ET Q q 0 0 0 rg BT 323.39 392.10 Td (such ) Tj ET Q q 0 0 0 rg BT 343.43 392.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 379.57 392.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 417.39 392.10 Td (has ) Tj ET Q q 0 0 0 rg BT 432.42 392.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.91 392.10 Td (been ) Tj ET Q q 0 0 0 rg BT 467.50 392.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 505.76 392.10 Td (As ) Tj ET Q q 0 0 0 rg BT 518.59 392.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.73 392.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.35 380.10 Td (any ) Tj ET Q q 0 0 0 rg BT 77.85 380.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 114.80 380.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 154.37 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.94 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.23 380.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.18 380.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.46 380.10 Td (require ) Tj ET Q q 0 0 0 rg BT 268.85 380.10 Td (you ) Tj ET Q q 0 0 0 rg BT 286.92 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.76 380.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 326.94 380.10 Td (any ) Tj ET Q q 0 0 0 rg BT 344.44 380.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 401.94 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 420.00 380.10 Td (may ) Tj ET Q q 0 0 0 rg BT 440.29 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 452.79 380.10 Td (necessary ) Tj 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0 rg BT 532.85 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.17 368.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.82 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.37 356.10 Td (may ) Tj ET Q q 0 0 0 rg BT 130.82 356.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.48 356.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 185.03 356.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.25 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.70 356.10 Td (Company) Tj ET Q q 0 0 0 rg BT 251.94 356.10 Td (. ) Tj ET Q q 0 0 0 rg BT 257.66 356.10 Td (From ) Tj ET Q q 0 0 0 rg BT 282.56 356.10 Td (time ) Tj ET Q q 0 0 0 rg BT 303.56 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.57 356.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 338.07 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.51 356.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 381.18 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.85 356.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 447.61 356.10 Td (of) Tj ET Q q 0 0 0 rg BT 455.75 356.10 Td (ficers ) Tj ET 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0 0 0 rg BT 518.36 344.10 Td (exchanges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 332.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.49 332.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 137.52 332.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 170.57 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.85 332.10 Td (make ) Tj ET Q q 0 0 0 rg BT 205.00 332.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.49 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.32 332.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 268.60 332.10 Td (available ) Tj ET Q q 0 0 0 rg BT 307.19 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.35 332.10 Td (issuance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (22. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 306.53505859375 m 189.962890625 306.53505859375 l s q 0 0 0 rg BT 85.50 308.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 118.56 308.10 Td (409A) Tj ET Q q 0 0 0 rg BT 140.23 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.18 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.46 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.74 308.10 Td (Code) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.41 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.36 308.10 Td (It ) Tj ET Q q 0 0 0 rg BT 204.42 308.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.04 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.21 308.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 264.71 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.99 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 308.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 335.55 308.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.50 308.10 Td (this ) Tj ET Q 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Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 252.95 236.10 Td ([Signatur) Tj ET Q q 0 0 0 rg BT 290.92 236.10 Td (e page to follow]) Tj ET Q endstream endobj 243 0 obj <> endobj 244 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (8) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 740.25 Td (IN ) Tj ET Q q 0 0 0 rg BT 82.54 740.25 Td (WITNESS ) Tj ET Q q 0 0 0 rg BT 132.04 740.25 Td (WHEREOF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.26 740.25 Td (, ) Tj ET Q q 0 0 0 rg BT 190.99 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 207.44 740.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 250.56 740.25 Td (has ) Tj ET Q q 0 0 0 rg BT 268.12 740.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 299.55 740.25 Td (this ) Tj ET Q q 0 0 0 rg BT 317.30 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 323.60 740.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 347.82 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 359.83 740.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.50 740.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 413.26 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 427.49 740.25 Td (its ) Tj ET Q q 0 0 0 rg BT 441.16 740.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 470.38 740.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.61 740.25 Td (its ) Tj ET Q q 0 0 0 rg BT 498.29 740.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 520.29 740.25 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (representatives ) Tj ET Q q 0 0 0 rg BT 111.97 728.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.47 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.19 728.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 160.56 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.39 728.25 Td (Grant.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 86 649.75 m 315 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 649.75 m 562 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 86 649.75 m 315 649.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 337 649.75 m 562 649.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 88.50 696.43 Td (DENBURY RESOURCES INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.50 654.32 Td (By:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 637.42 Td (Phil R) Tj ET Q q 0 0 0 rg BT 113.39 637.42 Td (ykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 88.50 627.42 Td (Chief Executive Of) Tj ET Q q 0 0 0 rg BT 166.07 627.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.50 637.42 Td (Mark C. ) Tj ET Q q 0 0 0 rg BT 374.78 637.42 Td (Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.50 627.42 Td (Senior ) Tj ET Q q 0 0 0 rg BT 367.93 627.42 Td (V) Tj ET Q q 0 0 0 rg BT 374.55 627.42 Td (ice President and Chief Financial Of) Tj ET Q q 0 0 0 rg BT 520.16 627.42 Td (ficer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 245 0 obj <> endobj 246 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (9) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.30 740.25 Td (ACKNOWLEDGMENT) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 716.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.64 716.25 Td (undersigned ) Tj ET Q q 0 0 0 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704.25 Td (this ) Tj ET Q q 0 0 0 rg BT 106.33 704.25 Td (A) Tj ET Q q 0 0 0 rg BT 112.63 704.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 134.68 704.25 Td (with ) Tj ET Q q 0 0 0 rg BT 154.51 704.25 Td (a ) Tj ET Q q 0 0 0 rg BT 161.00 704.25 Td (representative ) Tj ET Q q 0 0 0 rg BT 219.14 704.25 Td (of ) Tj ET Q q 0 0 0 rg BT 229.52 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 243.79 704.25 Td (Company) Tj ET Q q 0 0 0 rg BT 282.03 704.25 Td (, ) Tj ET Q q 0 0 0 rg BT 286.59 704.25 Td (and ) Tj ET Q q 0 0 0 rg BT 303.08 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.35 704.25 Td (undersigned) Tj ET Q q 0 0 0 rg BT 369.01 704.25 Td (s ) Tj ET Q q 0 0 0 rg BT 374.95 704.25 Td (personal ) Tj ET Q q 0 0 0 rg BT 410.88 704.25 Td (advisors, ) Tj ET Q q 0 0 0 rg BT 448.77 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.60 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 472.87 704.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 499.36 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 513.63 704.25 Td (undersigned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (deems ) Tj ET Q q 0 0 0 rg BT 78.99 692.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 121.80 692.25 Td (or ) Tj ET Q q 0 0 0 rg BT 134.07 692.25 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 186.04 692.25 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 204.42 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 220.58 692.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 281.17 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.44 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.60 692.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 335.76 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 354.14 692.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 399.75 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.02 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.31 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 433.61 692.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 457.54 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 475.92 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.08 692.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 516.30 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.68 692.25 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 550.28 692.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (understanding ) Tj ET Q q 0 0 0 rg BT 107.90 680.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 127.14 680.25 Td (by ) Tj ET Q q 0 0 0 rg BT 138.88 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.85 680.25 Td (undersigned) Tj ET Q q 0 0 0 rg BT 204.50 680.25 Td (s ) Tj ET Q q 0 0 0 rg BT 210.14 680.25 Td (signature ) Tj ET Q q 0 0 0 rg BT 248.54 680.25 Td (below) Tj ET Q q 0 0 0 rg BT 272.33 680.25 Td (, ) Tj ET Q q 0 0 0 rg BT 276.57 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 290.53 680.25 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 341.15 680.25 Td (is ) Tj ET Q q 0 0 0 rg BT 349.57 680.25 Td (agreeing ) Tj ET Q q 0 0 0 rg BT 385.74 680.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.26 680.25 Td (be ) Tj ET Q q 0 0 0 rg BT 406.44 680.25 Td (bound ) Tj ET Q q 0 0 0 rg BT 433.19 680.25 Td (by ) Tj ET Q q 0 0 0 rg BT 444.93 680.25 Td (all ) Tj ET Q q 0 0 0 rg BT 456.67 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 466.75 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.71 680.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 504.67 680.25 Td (and ) Tj ET Q q 0 0 0 rg BT 520.85 680.25 Td (provisions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 668.25 Td (this ) Tj ET Q q 0 0 0 rg BT 76.73 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 83.03 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 105.52 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 122.46 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.18 668.25 Td (Plan.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (W) Tj ET Q q 0 0 0 rg BT 76.54 644.25 Td (ithout ) Tj ET Q q 0 0 0 rg BT 102.91 644.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 147.33 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 162.58 644.25 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 214.50 644.25 Td (agrees ) Tj ET Q q 0 0 0 rg BT 243.07 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 253.89 644.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 282.45 644.25 Td (as ) Tj ET Q q 0 0 0 rg BT 293.82 644.25 Td (binding, ) Tj ET Q q 0 0 0 rg BT 329.91 644.25 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 375.71 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 393.19 644.25 Td (final ) Tj ET Q q 0 0 0 rg BT 414.55 644.25 Td (all ) Tj ET Q q 0 0 0 rg BT 427.58 644.25 Td (decisions, ) Tj ET Q q 0 0 0 rg BT 470.33 644.25 Td (factual ) Tj ET Q q 0 0 0 rg BT 500.57 644.25 Td (determinations, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 76.96 632.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 136.63 632.25 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 182.15 632.25 Td (without ) Tj ET Q q 0 0 0 rg BT 214.62 632.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 257.92 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 269.83 632.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 329.50 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.75 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.88 632.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 390.23 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.47 632.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 444.06 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.30 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 468.43 632.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 490.62 632.25 Td (or ) Tj ET Q q 0 0 0 rg BT 500.44 632.25 Td (A) Tj ET Q q 0 0 0 rg BT 506.75 632.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 531.15 632.25 Td (or ) Tj ET Q q 0 0 0 rg BT 541.40 632.25 Td (both\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 620.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 121.99 620.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 162.80 620.25 Td (any ) Tj ET Q q 0 0 0 rg BT 179.74 620.25 Td (questions ) Tj ET Q q 0 0 0 rg BT 220.02 620.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 249.73 620.25 Td (under ) Tj ET Q q 0 0 0 rg BT 275.00 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 289.72 620.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 312.50 620.25 Td (or ) Tj ET Q q 0 0 0 rg BT 323.33 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 339.72 620.25 Td (A) Tj ET Q q 0 0 0 rg BT 346.03 620.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 371.02 620.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.85 620.25 Td (both.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 596.25 Td (Ef) Tj ET Q q 0 0 0 rg BT 76.76 596.25 Td (fective as of the Date of Grant.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 546.75 m 560 546.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 546.75 m 560 546.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 414.55 537.48 Td (Holder Signature) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 247 0 obj <> endobj 248 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 500.50 740.25 Td (Exhibit 10\(nn\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (_________ ) Tj ET Q q 0 0 0 rg BT 97.00 716.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 143.94 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 201.96 716.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 226.14 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 426.68 716.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 449.17 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 460.00 716.25 Td (Grant: ) Tj ET Q q 0 0 0 rg BT 491.94 716.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 494.4384765625 714.68505859375 m 562.5 714.68505859375 l s q 0 0 0 rg BT 494.44 716.25 Td (January ) Tj ET Q q 0 0 0 rg BT 532.50 716.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 542.50 716.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 424.9 702.68505859375 m 562.487890625 702.68505859375 l s q 0 0 0 rg BT 424.90 704.25 Td (\(as modified on Mar) Tj ET Q q 0 0 0 rg BT 511.66 704.25 Td (ch 30, 2016\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 211.95 668.25 Td (2016 EBITDAX PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 363.35 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 369.46 668.25 Td (W) Tj ET Q q 0 0 0 rg BT 378.35 668.25 Td (ARD ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 264.35 656.25 Td (\(CASH POR) Tj ET Q q 0 0 0 rg BT 318.72 656.25 Td (TION\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 195.90 632.25 Td (2004 OMNIBUS ST) Tj ET Q q 0 0 0 rg BT 280.73 632.25 Td (OCK ) Tj ET Q q 0 0 0 rg BT 305.46 632.25 Td (AND INCENTIVE PLAN) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 608.25 Td (DENBUR) Tj ET Q q 0 0 0 rg BT 280.02 608.25 Td (Y) Tj ET Q q 0 0 0 rg BT 286.88 608.25 Td ( RESOURCES INC.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (This ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 87.56 584.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 135.41 584.25 Td (PERFORMANCE ) Tj ET Q q 0 0 0 rg BT 216.07 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 222.18 584.25 Td (W) Tj ET Q q 0 0 0 rg BT 231.08 584.25 Td (ARD ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 255.02 584.25 Td (\(this ) Tj ET Q q 0 0 0 rg BT 275.08 584.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 279.52 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 286.00 584.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.22 584.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 318.28 584.25 Td (is ) Tj ET Q q 0 0 0 rg BT 327.23 584.25 Td (made ) Tj ET Q q 0 0 0 rg BT 351.17 584.25 Td (ef) Tj ET Q q 0 0 0 rg BT 358.75 584.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 388.24 584.25 Td (on ) Tj ET Q q 0 0 0 rg BT 400.52 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.02 584.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 436.18 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 446.79 584.25 Td (Grant ) Tj ET Q q 0 0 0 rg BT 471.84 584.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.13 584.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 521.40 584.25 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.27 572.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 85.32 572.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 89.75 572.25 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 131.43 572.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 141.70 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.98 572.25 Td (favor ) Tj ET Q q 0 0 0 rg BT 175.57 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 186.40 572.25 Td (__________ ) Tj ET Q q 0 0 0 rg BT 238.90 572.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.67 572.25 Td (Holder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 276.67 572.25 Td (\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 548.25 Td (,) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 121.12 548.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 123.63 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 133.92 548.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 181.38 548.25 Td (with) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.16 548.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.67 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 216.39 548.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 238.90 548.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 278.08 548.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 303.36 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 320.31 548.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 360.02 548.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 380.31 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 394.47 548.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 431.97 548.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 475.58 548.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 495.85 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 506.69 548.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 545.29 548.25 Td (and/) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 536.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 93.92 536.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 111.97 536.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.41 536.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.86 536.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 148.63 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.34 536.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 210.28 536.25 Td (may ) Tj ET Q q 0 0 0 rg BT 230.00 536.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 253.04 536.25 Td (performance-based ) Tj ET Q q 0 0 0 rg BT 331.61 536.25 Td (A) Tj ET Q q 0 0 0 rg BT 337.92 536.25 Td (wards; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 512.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 512.25 Td (, ) Tj ET Q q 0 0 0 rg BT 123.29 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.68 512.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 184.29 512.25 Td (desires ) Tj ET Q q 0 0 0 rg BT 214.22 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 224.17 512.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 246.89 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 256.84 512.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 286.77 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 297.90 512.25 Td (A) Tj ET Q q 0 0 0 rg BT 304.21 512.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 326.37 512.25 Td (under ) Tj ET Q q 0 0 0 rg BT 351.30 512.25 Td (which ) Tj ET Q q 0 0 0 rg BT 377.91 512.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 407.85 512.25 Td (can ) Tj ET Q q 0 0 0 rg BT 423.90 512.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 443.27 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 496.53 512.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 518.70 512.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.53 512.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 79.06 500.25 Td (based ) Tj ET Q q 0 0 0 rg BT 103.62 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 115.42 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.43 500.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 182.31 500.25 Td (Criteria ) Tj ET Q q 0 0 0 rg BT 214.64 500.25 Td (set ) Tj ET Q q 0 0 0 rg BT 227.54 500.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 248.77 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 258.35 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 272.36 500.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 291.93 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.16 500.25 Td (this ) Tj ET Q q 0 0 0 rg BT 324.01 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 330.31 500.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 354.59 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.83 500.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 400.94 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 410.52 500.25 Td (all ) Tj ET Q q 0 0 0 rg BT 422.30 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.43 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 446.44 500.25 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 492.40 500.25 Td (including ) Tj ET Q q 0 0 0 rg BT 531.97 500.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 90.89 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 105.60 488.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 136.99 488.25 Td (provisions, ) Tj ET Q q 0 0 0 rg BT 183.66 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.49 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.21 488.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 229.49 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 246.42 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 257.25 488.25 Td (this ) Tj ET Q q 0 0 0 rg BT 273.65 488.25 Td (A) Tj ET Q q 0 0 0 rg BT 279.95 488.25 Td (ward; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 464.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 464.25 Td (, no Performance Cash will be paid until the ) Tj ET Q q 0 0 0 rg BT 297.29 464.25 Td (V) Tj ET Q q 0 0 0 rg BT 303.40 464.25 Td (esting Date; and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 440.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 118.62 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 123.25 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 137.59 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 178.60 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 195.17 440.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 225.06 440.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 271.06 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 287.63 440.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 311.40 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 328.52 440.25 Td (this ) Tj ET Q q 0 0 0 rg BT 344.62 440.25 Td (A) Tj ET Q q 0 0 0 rg BT 350.93 440.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 373.04 440.25 Td (is ) Tj ET Q q 0 0 0 rg BT 381.84 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 391.74 440.25 Td (all ) Tj ET Q q 0 0 0 rg BT 403.86 440.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 438.20 440.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 468.65 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 478.55 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.89 440.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 519.73 440.25 Td (definitions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.88 428.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 109.48 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 119.75 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.91 428.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 156.12 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.50 428.25 Td (all ) Tj ET Q q 0 0 0 rg BT 184.43 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 194.70 428.25 Td (which ) Tj ET Q q 0 0 0 rg BT 221.07 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 235.22 428.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 287.69 428.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 314.61 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 326.55 428.25 Td (reference, ) Tj ET Q q 0 0 0 rg BT 368.17 428.25 Td (except ) Tj ET Q q 0 0 0 rg BT 396.20 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.92 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.07 428.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 446.44 428.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 487.25 428.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 526.96 428.25 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 416.25 Td (this ) Tj ET Q q 0 0 0 rg BT 76.17 416.25 Td (A) Tj ET Q q 0 0 0 rg BT 82.48 416.25 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 392.25 Td (NOW) Tj ET Q q 0 0 0 rg BT 92.32 392.25 Td ( ) Tj ET Q q 0 0 0 rg BT 96.17 392.25 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 158.96 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 165.61 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 177.54 392.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 235.57 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 248.05 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.42 392.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 296.34 392.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 340.48 392.25 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 387.93 392.25 Td (set ) Tj ET Q q 0 0 0 rg BT 403.19 392.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 426.78 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.37 392.25 Td (for ) Tj ET Q q 0 0 0 rg BT 461.18 392.25 Td (other ) Tj ET Q q 0 0 0 rg BT 485.88 392.25 Td (good ) Tj ET Q q 0 0 0 rg BT 510.03 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.63 392.25 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 380.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 380.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 380.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 380.25 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.68505859375 m 196.015625 354.68505859375 l s q 0 0 0 rg BT 85.50 356.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.63 356.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 169.91 356.25 Td (Grant) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.02 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 202.12 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 205.46 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 224.62 356.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 267.11 356.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 297.92 356.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 325.96 356.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 357.34 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 373.16 356.25 Td (right ) Tj ET Q q 0 0 0 rg BT 395.65 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 407.03 356.25 Td (earn ) Tj ET Q q 0 0 0 rg BT 427.85 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 445.89 356.25 Td (vest ) Tj ET Q q 0 0 0 rg BT 465.60 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.99 356.25 Td (up ) Tj ET Q q 0 0 0 rg BT 490.59 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 501.97 356.25 Td (a ) Tj ET Q q 0 0 0 rg BT 510.02 356.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 554.17 356.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td ($_____________ ) Tj ET Q q 0 0 0 rg BT 121.78 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 139.60 344.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 144.04 344.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 201.83 344.25 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 223.51 344.25 Td (\). ) Tj ET Q q 0 0 0 rg BT 236.05 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 238.33 344.25 Td (On ) Tj ET Q q 0 0 0 rg BT 252.83 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 267.32 344.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 304.58 344.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 328.23 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 342.72 344.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.08 344.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 418.36 344.25 Td (entitles ) Tj ET Q q 0 0 0 rg BT 449.51 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.01 344.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 494.05 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.10 344.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 535.24 344.25 Td (a ) Tj ET Q q 0 0 0 rg BT 541.96 344.25 Td (lump ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (sum ) Tj ET Q q 0 0 0 rg BT 68.33 332.25 Td (payment ) Tj ET Q q 0 0 0 rg BT 104.92 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.41 332.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 135.33 332.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 159.14 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 169.08 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.45 332.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 215.61 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.09 332.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 256.57 332.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 309.81 332.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 331.96 332.25 Td (up ) Tj ET Q q 0 0 0 rg BT 344.12 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.06 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 370.65 332.25 Td (including ) Tj ET Q q 0 0 0 rg BT 410.58 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.96 332.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 457.11 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.60 332.25 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 511.42 332.25 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Cash.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.68505859375 m 132.169921875 294.68505859375 l s q 0 0 0 rg BT 85.50 296.25 Td (Definitions) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 132.17 296.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.67 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 137.09 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 138.98 296.25 Td (All ) Tj ET Q q 0 0 0 rg BT 154.19 296.25 Td (words ) Tj ET Q q 0 0 0 rg BT 181.05 296.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 226.78 296.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 254.19 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 271.61 296.25 Td (are ) Tj ET Q q 0 0 0 rg BT 286.24 296.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 318.65 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 328.86 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.50 296.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 363.70 296.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 385.01 296.25 Td (have ) Tj ET Q q 0 0 0 rg BT 406.31 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.95 296.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 457.81 296.25 Td (assigned ) Tj ET Q q 0 0 0 rg BT 494.67 296.25 Td (them ) Tj ET Q q 0 0 0 rg BT 517.09 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 527.30 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.94 296.25 Td (Plan; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (other ) Tj ET Q q 0 0 0 rg BT 72.55 284.25 Td (capitalized ) Tj ET Q q 0 0 0 rg BT 118.35 284.25 Td (words ) Tj ET Q q 0 0 0 rg BT 145.30 284.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 166.68 284.25 Td (have ) Tj ET Q q 0 0 0 rg BT 188.06 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.78 284.25 Td (following ) Tj ET Q q 0 0 0 rg BT 244.16 284.25 Td (meaning, ) Tj ET Q q 0 0 0 rg BT 283.60 284.25 Td (or ) Tj ET Q q 0 0 0 rg BT 294.43 284.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 315.81 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 327.75 284.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 360.24 284.25 Td (elsewhere ) Tj ET Q q 0 0 0 rg BT 402.71 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.99 284.25 Td (this ) Tj ET Q q 0 0 0 rg BT 429.39 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 435.69 284.25 Td (ward: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 258.9169921875 m 201.88671875 258.9169921875 l s q 0 0 0 rg BT 89.94 260.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 118.97 260.25 Td (Reported ) Tj ET Q q 0 0 0 rg BT 158.00 260.25 Td (Production) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 201.89 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 208.70 260.25 Td (means ) Tj ET Q q 0 0 0 rg BT 236.62 260.25 Td (production ) Tj ET Q q 0 0 0 rg BT 282.32 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.03 260.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 308.46 260.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 357.76 260.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 387.90 260.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 403.61 260.25 Td (liquids ) Tj ET Q q 0 0 0 rg BT 433.21 260.25 Td (\(NGLs\), ) Tj ET Q q 0 0 0 rg BT 478.06 260.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 508.20 260.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 526.41 260.25 Td (synthetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 65.91 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 83.69 248.25 Td (synthetic ) Tj ET Q q 0 0 0 rg BT 123.15 248.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 139.83 248.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 182.61 248.25 Td (on ) Tj ET Q q 0 0 0 rg BT 195.96 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 203.74 248.25 Td (BOE ) Tj ET Q q 0 0 0 rg BT 227.09 248.25 Td (basis, ) Tj ET Q q 0 0 0 rg BT 252.94 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 264.62 248.25 Td (reported ) Tj ET Q q 0 0 0 rg BT 301.29 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 312.42 248.25 Td (each ) Tj ET Q q 0 0 0 rg BT 334.08 248.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 355.20 248.25 Td (Company) Tj ET Q q 0 0 0 rg BT 396.86 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 404.10 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 421.89 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 437.46 248.25 Td (Company) Tj ET Q q 0 0 0 rg BT 479.12 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 486.37 248.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 511.38 248.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 535.29 248.25 Td (for ) Tj ET Q q 0 0 0 rg BT 550.30 248.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 236.25 Td (Period, ) Tj ET Q q 0 0 0 rg BT 134.19 236.25 Td (excluding ) Tj ET Q q 0 0 0 rg BT 176.13 236.25 Td (production ) Tj ET Q q 0 0 0 rg BT 221.95 236.25 Td (generated ) Tj ET Q q 0 0 0 rg BT 263.31 236.25 Td (from ) Tj ET Q q 0 0 0 rg BT 285.25 236.25 Td (each ) Tj ET Q q 0 0 0 rg BT 306.07 236.25 Td (such ) Tj ET Q q 0 0 0 rg BT 326.90 236.25 Td (company) Tj ET Q q 0 0 0 rg BT 366.33 236.25 Td (s ) Tj ET Q q 0 0 0 rg BT 372.72 236.25 Td (equity-method ) Tj ET Q q 0 0 0 rg BT 433.54 236.25 Td (investee\(s\), ) Tj ET Q q 0 0 0 rg BT 481.86 236.25 Td (if ) Tj ET Q q 0 0 0 rg BT 490.47 236.25 Td (any) Tj ET Q q 0 0 0 rg BT 504.26 236.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 212.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 210.9169921875 m 109.9384765625 210.9169921875 l s q 0 0 0 rg BT 89.94 212.25 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.94 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 117.13 212.25 Td (means ) Tj ET Q q 0 0 0 rg BT 145.42 212.25 Td (Barrels ) Tj ET Q q 0 0 0 rg BT 177.04 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.12 212.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 203.65 212.25 Td (Equivalent, ) Tj ET Q q 0 0 0 rg BT 252.22 212.25 Td (and ) Tj ET Q q 0 0 0 rg BT 269.40 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 283.81 212.25 Td (all ) Tj ET Q q 0 0 0 rg BT 296.56 212.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 334.86 212.25 Td (hereof, ) Tj ET Q q 0 0 0 rg BT 365.64 212.25 Td (will ) Tj ET Q q 0 0 0 rg BT 383.95 212.25 Td (be ) Tj ET Q q 0 0 0 rg BT 396.13 212.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 439.41 212.25 Td (using ) Tj ET Q q 0 0 0 rg BT 463.83 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 478.79 212.25 Td (ratio ) Tj ET Q q 0 0 0 rg BT 499.86 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.94 212.25 Td (one ) Tj ET Q q 0 0 0 rg BT 528.13 212.25 Td (barrel ) Tj ET Q q 0 0 0 rg BT 554.19 212.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (crude ) Tj ET Q q 0 0 0 rg BT 74.21 200.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 89.76 200.25 Td (condensate ) Tj ET Q q 0 0 0 rg BT 136.69 200.25 Td (or ) Tj ET Q q 0 0 0 rg BT 147.52 200.25 Td (NGLs ) Tj ET Q q 0 0 0 rg BT 174.46 200.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.74 200.25 Td (six ) Tj ET Q q 0 0 0 rg BT 198.91 200.25 Td (thousand ) Tj ET Q q 0 0 0 rg BT 237.52 200.25 Td (cubic ) Tj ET Q q 0 0 0 rg BT 261.67 200.25 Td (feet ) Tj ET Q q 0 0 0 rg BT 279.16 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 289.99 200.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 320.25 200.25 Td (gas. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 176.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 176.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 174.9169921875 m 146.83837890625 174.9169921875 l s q 0 0 0 rg BT 89.94 176.25 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 128.41 176.25 Td (Y) Tj ET Q q 0 0 0 rg BT 134.63 176.25 Td (ear) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.84 176.25 Td ( ) Tj ET Q q 0 0 0 rg BT 154.07 176.25 Td (means ) Tj ET Q q 0 0 0 rg BT 182.41 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 197.42 176.25 Td (12-month ) Tj ET Q q 0 0 0 rg BT 239.10 176.25 Td (period ) Tj ET Q q 0 0 0 rg BT 267.44 176.25 Td (beginning ) Tj ET Q q 0 0 0 rg BT 310.23 176.25 Td (January ) Tj ET Q q 0 0 0 rg BT 344.12 176.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 351.91 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 369.14 176.25 Td (ending ) Tj ET Q q 0 0 0 rg BT 399.15 176.25 Td (December ) Tj ET Q q 0 0 0 rg BT 443.03 176.25 Td (31 ) Tj ET Q q 0 0 0 rg BT 455.82 176.25 Td (for ) Tj ET Q q 0 0 0 rg BT 470.28 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.29 176.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.97 176.25 Td (and ) Tj ET Q q 0 0 0 rg BT 544.20 176.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 164.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 69.77 164.25 Td (Company) Tj ET Q q 0 0 0 rg BT 108.01 164.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 140.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 140.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 138.9169921875 m 342.638671875 138.9169921875 l s q 0 0 0 rg BT 89.94 140.25 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 137.31 140.25 Td (Estimate ) Tj ET Q q 0 0 0 rg BT 176.92 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 189.86 140.25 Td (General ) Tj ET Q q 0 0 0 rg BT 226.12 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 244.16 140.25 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 308.76 140.25 Td (Expense) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 342.64 140.25 Td ( ) Tj ET Q q 0 0 0 rg BT 351.69 140.25 Td (means ) Tj ET Q q 0 0 0 rg BT 381.85 140.25 Td (for ) Tj ET Q q 0 0 0 rg BT 398.13 140.25 Td (each ) Tj ET Q q 0 0 0 rg BT 421.06 140.25 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 521.76 140.25 Td (Company) Tj ET Q q 0 0 0 rg BT 560.00 140.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (individually) Tj ET Q q 0 0 0 rg BT 97.18 128.25 Td (, ) Tj ET Q q 0 0 0 rg BT 101.99 128.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 113.74 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 128.27 128.25 Td (quotient ) Tj ET Q q 0 0 0 rg BT 163.36 128.25 Td (\(rounded ) Tj ET Q q 0 0 0 rg BT 201.77 128.25 Td (to ) Tj ET Q q 0 0 0 rg BT 211.86 128.25 Td (four ) Tj ET Q q 0 0 0 rg BT 230.83 128.25 Td (decimals ) Tj ET Q q 0 0 0 rg BT 268.68 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.44 128.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 327.18 128.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.82 128.25 Td (a ) Tj ET Q q 0 0 0 rg BT 344.57 128.25 Td (percentage\) ) Tj ET Q q 0 0 0 rg BT 393.51 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 404.15 128.25 Td (\(x\) ) Tj ET Q q 0 0 0 rg BT 418.13 128.25 Td (its ) Tj ET Q q 0 0 0 rg BT 429.89 128.25 Td (oil ) Tj ET Q q 0 0 0 rg BT 442.75 128.25 Td (and ) Tj ET Q q 0 0 0 rg BT 459.50 128.25 Td (natural ) Tj ET Q q 0 0 0 rg BT 489.58 128.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 505.22 128.25 Td (revenues ) Tj ET Q q 0 0 0 rg BT 543.07 128.25 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (continuing ) Tj ET Q q 0 0 0 rg BT 94.77 116.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 138.93 116.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 171.41 116.25 Td (from ) Tj ET Q q 0 0 0 rg BT 193.35 116.25 Td (exploration ) Tj ET Q q 0 0 0 rg BT 241.39 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 258.33 116.25 Td (production ) Tj ET Q q 0 0 0 rg BT 304.16 116.25 Td (activities ) Tj ET Q q 0 0 0 rg BT 342.76 116.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 356.92 116.25 Td (disclosed ) Tj ET Q endstream endobj 249 0 obj <> endobj 250 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 60.09 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 72.36 740.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 96.84 740.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 120.21 740.10 Td (for ) Tj ET Q q 0 0 0 rg BT 134.68 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 149.71 740.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 203.61 740.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 232.54 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.13 740.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 290.91 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 311.50 740.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 350.91 740.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 400.38 740.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 442.63 740.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 469.88 740.10 Td (Codification ) Tj ET Q q 0 0 0 rg BT 522.69 740.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 535.28 740.10 Td (ASC\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (932-235-50 ) Tj ET Q q 0 0 0 rg BT 98.19 728.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 110.78 728.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 125.59 728.10 Td (69\) ) Tj ET Q q 0 0 0 rg BT 145.39 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 155.20 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 166.68 728.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 190.38 728.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 212.96 728.10 Td (for ) Tj ET Q q 0 0 0 rg BT 226.65 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 240.90 728.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 294.01 728.10 Td (Period\), ) Tj ET Q q 0 0 0 rg BT 327.98 728.10 Td (divided ) Tj ET Q q 0 0 0 rg BT 360.01 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 372.04 728.10 Td (\(y\) ) Tj ET Q q 0 0 0 rg BT 385.73 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 397.21 728.10 Td (total ) Tj ET Q q 0 0 0 rg BT 417.01 728.10 Td (revenues ) Tj ET Q q 0 0 0 rg BT 454.58 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 476.04 728.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 520.85 728.10 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 85.03 716.10 Td (on ) Tj ET Q q 0 0 0 rg BT 97.24 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 108.90 716.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 161.65 716.10 Td (income ) Tj ET Q q 0 0 0 rg BT 193.30 716.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 233.83 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 243.82 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 255.48 716.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 279.36 716.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 302.13 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.00 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.43 716.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 383.72 716.10 Td (Period; ) Tj ET Q q 0 0 0 rg BT 414.82 716.10 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 458.14 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 470.35 716.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 484.78 716.10 Td (its ) Tj ET Q q 0 0 0 rg BT 496.44 716.10 Td (total ) Tj ET Q q 0 0 0 rg BT 516.43 716.10 Td (general ) Tj ET Q q 0 0 0 rg BT 548.06 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 109.07 704.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 147.52 704.10 Td (from ) Tj ET Q q 0 0 0 rg BT 169.32 704.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 214.45 704.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 258.46 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 272.48 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.06 704.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 340.50 704.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 368.97 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 379.66 704.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 415.33 704.10 Td (on ) Tj ET Q q 0 0 0 rg BT 427.69 704.10 Td (its ) Tj ET Q q 0 0 0 rg BT 439.50 704.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 492.40 704.10 Td (income ) Tj ET Q q 0 0 0 rg BT 524.19 704.10 Td (statement ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.78 692.10 Td (its ) Tj ET Q q 0 0 0 rg BT 71.73 692.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 95.90 692.10 Td (10-K.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 668.10 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 666.7669921875 m 164.3720703125 666.7669921875 l s q 0 0 0 rg BT 89.94 668.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 122.99 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 133.82 668.10 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 164.37 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 171.31 668.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 201.86 668.10 Td (without ) Tj ET Q q 0 0 0 rg BT 234.91 668.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 278.80 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.52 668.10 Td (same ) Tj ET Q q 0 0 0 rg BT 316.56 668.10 Td (as ) Tj ET Q q 0 0 0 rg BT 327.39 668.10 Td (it ) Tj ET Q q 0 0 0 rg BT 335.45 668.10 Td (does ) Tj ET Q q 0 0 0 rg BT 356.28 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 366.56 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.28 668.10 Td (Plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 644.10 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 644.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 642.7669921875 m 146.4462890625 642.7669921875 l s q 0 0 0 rg BT 89.94 644.10 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 127.57 644.10 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.45 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 153.53 644.10 Td (means ) Tj ET Q q 0 0 0 rg BT 181.72 644.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 193.81 644.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 202.56 644.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 240.21 644.10 Td (6\(b\), ) Tj ET Q q 0 0 0 rg BT 262.57 644.10 Td (7\(c\)\(i\) ) Tj ET Q q 0 0 0 rg BT 290.76 644.10 Td (or) Tj ET Q q 0 0 0 rg BT 300.01 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 302.66 644.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 317.52 644.10 Td (apply) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 339.74 644.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 344.88 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.75 644.10 Td (date ) Tj ET Q q 0 0 0 rg BT 379.05 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 391.69 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 418.78 644.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 472.51 644.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 495.15 644.10 Td (is ) Tj ET Q q 0 0 0 rg BT 504.47 644.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 524.33 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 534.75 644.10 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 76.50 632.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 97.95 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 109.95 632.10 Td (no ) Tj ET Q q 0 0 0 rg BT 122.51 632.10 Td (later ) Tj ET Q q 0 0 0 rg BT 142.83 632.10 Td (than ) Tj ET Q q 0 0 0 rg BT 162.61 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.39 632.10 Td (dates ) Tj ET Q q 0 0 0 rg BT 200.50 632.10 Td (set ) Tj ET Q q 0 0 0 rg BT 214.17 632.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 236.17 632.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 246.50 632.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 280.17 632.10 Td (6\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 297.40 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 299.96 632.10 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 310.85 632.10 Td (7\(c\)\(i\) ) Tj ET Q q 0 0 0 rg BT 338.95 632.10 Td (or) Tj ET Q q 0 0 0 rg BT 348.20 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.76 632.10 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 362.98 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 368.04 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.93 632.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 422.58 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 433.47 632.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 448.25 632.10 Td (if ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.92 632.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 494.48 632.10 Td (6\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.27 632.10 Td (or) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.60 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 525.16 632.10 Td (7\(c\)\(i\) ) Tj ET Q q 0 0 0 rg BT 553.25 632.10 Td (or) Tj ET Q q 0 0 0 rg BT 562.51 632.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 64.53 620.10 Td (do ) Tj ET Q q 0 0 0 rg BT 77.35 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 92.94 620.10 Td (apply) Tj ET Q q 0 0 0 rg BT 114.51 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 119.82 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.85 620.10 Td (date ) Tj ET Q q 0 0 0 rg BT 154.32 620.10 Td (on ) Tj ET Q q 0 0 0 rg BT 167.14 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 194.39 620.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 225.52 620.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 279.42 620.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 302.24 620.10 Td (is ) Tj ET Q q 0 0 0 rg BT 311.72 620.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 331.75 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 342.35 620.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 369.71 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 375.03 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 402.28 620.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 423.98 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 436.24 620.10 Td (no ) Tj ET Q q 0 0 0 rg BT 449.05 620.10 Td (later ) Tj ET Q q 0 0 0 rg BT 469.63 620.10 Td (than ) Tj ET Q q 0 0 0 rg BT 489.66 620.10 Td (30 ) Tj ET Q q 0 0 0 rg BT 502.48 620.10 Td (days ) Tj ET Q q 0 0 0 rg BT 523.62 620.10 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (March ) Tj ET Q q 0 0 0 rg BT 78.10 608.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 93.10 608.10 Td (2017 ) Tj ET Q q 0 0 0 rg BT 115.60 608.10 Td (\(i.e., ) Tj ET Q q 0 0 0 rg BT 136.15 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 150.68 608.10 Td (V) Tj ET Q q 0 0 0 rg BT 156.79 608.10 Td (esting ) Tj ET Q q 0 0 0 rg BT 183.18 608.10 Td (Date\).) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 584.10 Td (\(g\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 582.7669921875 m 129.3818359375 582.7669921875 l s q 0 0 0 rg BT 89.94 584.10 Td (Disability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 129.38 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.32 584.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 166.87 584.10 Td (without ) Tj ET Q q 0 0 0 rg BT 199.92 584.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 243.81 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 258.53 584.10 Td (same ) Tj ET Q q 0 0 0 rg BT 281.57 584.10 Td (as ) Tj ET Q q 0 0 0 rg BT 292.40 584.10 Td (it ) Tj ET Q q 0 0 0 rg BT 300.46 584.10 Td (does ) Tj ET Q q 0 0 0 rg BT 321.29 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.57 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 346.29 584.10 Td (Plan. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 560.10 Td (\(h\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 558.7669921875 m 194.3330078125 558.7669921875 l s q 0 0 0 rg BT 89.94 560.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 120.75 560.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 174.33 560.10 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 194.33 560.10 Td ( ) Tj ET Q q 0 0 0 rg BT 201.27 560.10 Td (means ) Tj ET Q q 0 0 0 rg BT 229.31 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.03 560.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 276.52 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 287.35 560.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 340.93 560.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 363.43 560.10 Td (which ) Tj ET Q q 0 0 0 rg BT 390.36 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 399.53 560.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 428.67 560.10 Td (during ) Tj ET Q q 0 0 0 rg BT 457.28 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.99 560.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 525.58 560.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 554.18 560.10 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (described ) Tj ET Q q 0 0 0 rg BT 90.32 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 107.25 548.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 150.28 548.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.56 548.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 194.17 548.10 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.17 548.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 524.10 Td (\(i\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 87.62 524.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.0625 522.7669921875 m 209.0595703125 522.7669921875 l s q 0 0 0 rg BT 92.06 524.10 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 135.85 524.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 189.06 524.10 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 209.06 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 215.62 524.10 Td (means ) Tj ET Q q 0 0 0 rg BT 243.29 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 257.63 524.10 Td (maximum ) Tj ET Q q 0 0 0 rg BT 300.31 524.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 332.43 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.88 524.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 396.09 524.10 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 420.71 524.10 Td (as ) Tj ET Q q 0 0 0 rg BT 431.17 524.10 Td (set ) Tj ET Q q 0 0 0 rg BT 444.40 524.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 465.96 524.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 475.87 524.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 509.10 524.10 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 514.10 524.10 Td (, ) Tj ET Q q 0 0 0 rg BT 518.72 524.10 Td (which ) Tj ET Q q 0 0 0 rg BT 545.29 524.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 512.10 Td (earned ) Tj ET Q q 0 0 0 rg BT 90.58 512.10 Td (under ) Tj ET Q q 0 0 0 rg BT 115.85 512.10 Td (this ) Tj ET Q q 0 0 0 rg BT 132.25 512.10 Td (A) Tj ET Q q 0 0 0 rg BT 138.55 512.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 161.04 512.10 Td (if ) Tj ET Q q 0 0 0 rg BT 169.65 512.10 Td (there ) Tj ET Q q 0 0 0 rg BT 192.14 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 206.84 512.10 Td (no ) Tj ET Q q 0 0 0 rg BT 219.34 512.10 Td (reductions ) Tj ET Q q 0 0 0 rg BT 263.50 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.78 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.49 512.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 320.99 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.82 512.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 385.40 512.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 407.90 512.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 433.17 512.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 466.78 512.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 471.78 512.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 488.10 Td (\(j\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 486.7669921875 m 233.5224609375 486.7669921875 l s q 0 0 0 rg BT 89.94 488.10 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 188.53 488.10 Td (Companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 233.52 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 240.46 488.10 Td (means ) Tj ET Q q 0 0 0 rg BT 268.51 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.22 488.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 303.49 488.10 Td (Companies ) Tj ET Q q 0 0 0 rg BT 350.99 488.10 Td (so ) Tj ET Q q 0 0 0 rg BT 362.38 488.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 407.64 488.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 417.92 488.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 461.55 488.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 468.78 488.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 464.10 Td (\(k\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 462.7669921875 m 149.09375 462.7669921875 l s q 0 0 0 rg BT 89.94 464.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 110.21 464.10 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 149.09 464.10 Td (means ) Tj ET Q q 0 0 0 rg BT 184.08 464.10 Td (each ) Tj ET Q q 0 0 0 rg BT 204.89 464.10 Td (of ) Tj ET Q q 0 0 0 rg BT 215.72 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.44 464.10 Td (companies ) Tj ET Q q 0 0 0 rg BT 275.71 464.10 Td (listed ) Tj ET Q q 0 0 0 rg BT 299.87 464.10 Td (on ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 312.37 464.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 356.00 464.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 363.22 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 365.72 464.10 Td (hereto, ) Tj ET Q q 0 0 0 rg BT 395.71 464.10 Td (as ) Tj ET Q q 0 0 0 rg BT 406.54 464.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 442.37 464.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 479.30 464.10 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 489.58 464.10 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 533.21 464.10 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 540.44 464.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 440.10 Td (\(l\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 438.7669921875 m 174.064453125 438.7669921875 l s q 0 0 0 rg BT 89.94 440.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.52 440.10 Td (Criteria) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.06 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 181.00 440.10 Td (means ) Tj ET Q q 0 0 0 rg BT 209.05 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.77 440.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 270.15 440.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 307.08 440.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 339.56 440.10 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 349.84 440.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 383.45 440.10 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 388.45 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 390.95 440.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.11 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.83 440.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 473.41 440.10 Td (Period. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 416.10 Td (\(m\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 414.7669921875 m 189.5185546875 414.7669921875 l s q 0 0 0 rg BT 89.94 416.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 145.66 416.10 Td (Percentage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.52 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 198.59 416.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 231.27 416.10 Td (that ) Tj ET Q q 0 0 0 rg BT 250.90 416.10 Td (percentage ) Tj ET Q q 0 0 0 rg BT 298.83 416.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 348.45 416.10 Td (based ) Tj ET Q q 0 0 0 rg BT 375.85 416.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 400.49 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.34 416.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 451.95 416.10 Td (ranking ) Tj ET Q q 0 0 0 rg BT 487.13 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.09 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 416.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 416.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 95.60 404.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 132.24 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 146.11 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 160.54 404.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 213.84 404.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 242.17 404.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 283.80 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 293.80 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 308.23 404.10 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 354.32 404.10 Td (Measure ) Tj ET Q q 0 0 0 rg BT 390.97 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.51 404.10 Td (each ) Tj ET Q q 0 0 0 rg BT 422.04 404.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 442.02 404.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 483.13 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 497.00 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 511.43 404.10 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 78.11 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 88.94 392.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 136.42 392.10 Td (under ) Tj ET Q q 0 0 0 rg BT 161.69 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 176.40 392.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 220.57 392.10 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 231.40 392.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 265.01 392.10 Td (4\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 281.11 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 286.11 392.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.94 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 327.21 392.10 Td (reduction ) Tj ET Q q 0 0 0 rg BT 367.48 392.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 392.75 392.10 Td (Sections ) Tj ET Q q 0 0 0 rg BT 430.25 392.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 435.25 392.10 Td ( ) Tj ET Q q 0 0 0 rg BT 437.75 392.10 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 454.69 392.10 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 464.69 392.10 Td (, ) Tj ET Q q 0 0 0 rg BT 469.69 392.10 Td (if ) Tj ET Q q 0 0 0 rg BT 478.29 392.10 Td (any) Tj ET Q q 0 0 0 rg BT 492.08 392.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 368.10 Td (\(n\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 88.00 368.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 92.4384765625 366.7669921875 m 172.130859375 366.7669921875 l s q 0 0 0 rg BT 92.44 368.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 146.02 368.10 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 172.13 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 179.07 368.10 Td (means ) Tj ET Q q 0 0 0 rg BT 207.12 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.83 368.10 Td (period ) Tj ET Q q 0 0 0 rg BT 249.88 368.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 292.38 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 304.88 368.10 Td (January ) Tj ET Q q 0 0 0 rg BT 338.47 368.10 Td (1, ) Tj ET Q q 0 0 0 rg BT 348.47 368.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 373.47 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 390.41 368.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 420.13 368.10 Td (on ) Tj ET Q q 0 0 0 rg BT 432.63 368.10 Td (December ) Tj ET Q q 0 0 0 rg BT 476.21 368.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 491.21 368.10 Td (2016. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 344.10 Td (\(o\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 86.91 344.10 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 91.3447265625 342.7669921875 m 269.6796875 342.7669921875 l s q 0 0 0 rg BT 91.34 344.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.83 344.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 171.35 344.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 198.30 344.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 239.69 344.10 Td (Income) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 269.68 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 275.52 344.10 Td (means, ) Tj ET Q q 0 0 0 rg BT 304.98 344.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 317.48 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 330.55 344.10 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 407.49 344.10 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 456.39 344.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 486.12 344.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 519.46 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 529.19 344.10 Td (reported ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (on ) Tj ET Q q 0 0 0 rg BT 61.14 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.00 332.10 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 127.18 332.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 158.81 332.10 Td (Statement ) Tj ET Q q 0 0 0 rg BT 200.44 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 209.86 332.10 Td (each ) Tj ET Q q 0 0 0 rg BT 229.81 332.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 249.22 332.10 Td (Company) Tj ET Q q 0 0 0 rg BT 290.89 332.10 Td (s ) Tj ET Q q 0 0 0 rg BT 296.42 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 312.50 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.36 332.10 Td (Company) Tj ET Q q 0 0 0 rg BT 368.02 332.10 Td (s ) Tj ET Q q 0 0 0 rg BT 373.55 332.10 Td (Form ) Tj ET Q q 0 0 0 rg BT 396.86 332.10 Td (10-K ) Tj ET Q q 0 0 0 rg BT 419.06 332.10 Td (for ) Tj ET Q q 0 0 0 rg BT 432.36 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.21 332.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 498.94 332.10 Td (Period, ) Tj ET Q q 0 0 0 rg BT 529.19 332.10 Td (adjusted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.02 320.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 91.85 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 105.81 320.10 Td (following ) Tj ET Q q 0 0 0 rg BT 146.43 320.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 172.34 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 182.41 320.10 Td (applicable: ) Tj ET Q q 0 0 0 rg BT 228.02 320.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 239.19 320.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 270.37 320.10 Td (income ) Tj ET Q q 0 0 0 rg BT 301.54 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 317.72 320.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 354.44 320.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 368.40 320.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 415.68 320.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 452.41 320.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 469.14 320.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 510.59 320.10 Td (depreciation, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 103.13 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 120.66 308.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 160.39 308.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 198.46 308.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 215.99 308.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 264.64 308.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 307.71 308.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 331.91 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 349.44 308.10 Td (losses; ) Tj ET Q q 0 0 0 rg BT 379.20 308.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 393.95 308.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 443.14 308.10 Td (char) Tj ET Q q 0 0 0 rg BT 460.16 308.10 Td (ges; ) Tj ET Q q 0 0 0 rg BT 479.36 308.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 496.89 308.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 521.09 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 538.62 308.10 Td (losses ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 85.95 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 99.09 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.44 296.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 179.24 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.70 296.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 213.83 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 231.41 296.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 251.76 296.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 276.01 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 293.58 296.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 320.61 296.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 357.06 296.10 Td (on ) Tj ET Q q 0 0 0 rg BT 370.20 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 385.55 296.10 Td (purchase ) Tj ET Q q 0 0 0 rg BT 424.22 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 435.69 296.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 454.37 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 465.84 296.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 494.81 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.38 296.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 527.18 296.10 Td (for ) Tj ET Q q 0 0 0 rg BT 541.97 296.10 Td (Non-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 128.47 284.10 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 179.41 284.10 Td (pre-tax ) Tj ET Q q 0 0 0 rg BT 211.16 284.10 Td (income, ) Tj ET Q q 0 0 0 rg BT 246.53 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 258.29 284.10 Td (reported ) Tj ET Q q 0 0 0 rg BT 295.05 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 308.48 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 324.14 284.10 Td (Peer ) Tj ET Q q 0 0 0 rg BT 345.34 284.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 387.66 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 399.43 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.08 284.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 457.41 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 468.62 284.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 517.02 284.10 Td (with ) Tj ET Q q 0 0 0 rg BT 538.23 284.10 Td (F) Tj ET Q q 0 0 0 rg BT 543.05 284.10 Td (ASC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (932-235-50 ) Tj ET Q q 0 0 0 rg BT 99.37 272.10 Td (\(previously ) Tj ET Q q 0 0 0 rg BT 148.13 272.10 Td (F) Tj ET Q q 0 0 0 rg BT 152.95 272.10 Td (AS ) Tj ET Q q 0 0 0 rg BT 168.94 272.10 Td (69\), ) Tj ET Q q 0 0 0 rg BT 187.98 272.10 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 224.51 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.50 272.10 Td (exclude ) Tj ET Q q 0 0 0 rg BT 269.80 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.23 272.10 Td (following ) Tj ET Q q 0 0 0 rg BT 327.33 272.10 Td (items, ) Tj ET Q q 0 0 0 rg BT 354.70 272.10 Td (as ) Tj ET Q q 0 0 0 rg BT 366.24 272.10 Td (applicable: ) Tj ET Q q 0 0 0 rg BT 413.32 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 416.53 272.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 429.17 272.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 461.82 272.10 Td (income ) Tj ET Q q 0 0 0 rg BT 494.46 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 512.11 272.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 550.30 272.10 Td (\(ii\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (exploration ) Tj ET Q q 0 0 0 rg BT 96.85 260.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 133.64 260.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 150.44 260.10 Td (depletion, ) Tj ET Q q 0 0 0 rg BT 191.95 260.10 Td (depreciation, ) Tj ET Q q 0 0 0 rg BT 245.67 260.10 Td (amortization ) Tj ET Q q 0 0 0 rg BT 298.02 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.26 260.10 Td (accretion ) Tj ET Q q 0 0 0 rg BT 352.70 260.10 Td (expense; ) Tj ET Q q 0 0 0 rg BT 389.49 260.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.30 260.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 407.54 260.10 Td (commodity ) Tj ET Q q 0 0 0 rg BT 454.90 260.10 Td (derivative ) Tj ET Q q 0 0 0 rg BT 496.68 260.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 519.59 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 535.84 260.10 Td (losses; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 62.91 248.10 Td (impairment ) Tj ET Q q 0 0 0 rg BT 110.76 248.10 Td (char) Tj ET Q q 0 0 0 rg BT 127.78 248.10 Td (ges; ) Tj ET Q q 0 0 0 rg BT 145.64 248.10 Td (\(vi\) ) Tj ET Q q 0 0 0 rg BT 161.83 248.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 184.69 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 200.88 248.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 226.52 248.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 261.58 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 273.33 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.30 248.10 Td (extinguishment ) Tj ET Q q 0 0 0 rg BT 350.71 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.79 248.10 Td (debt; ) Tj ET Q q 0 0 0 rg BT 382.53 248.10 Td (\(vii\) ) Tj ET Q q 0 0 0 rg BT 401.50 248.10 Td (gains ) Tj ET Q q 0 0 0 rg BT 424.36 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 440.54 248.10 Td (losses ) Tj ET Q q 0 0 0 rg BT 466.19 248.10 Td (incurred ) Tj ET Q q 0 0 0 rg BT 501.25 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 513.00 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.97 248.10 Td (purchase ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 61.28 236.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 80.29 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.07 236.10 Td (assets, ) Tj ET Q q 0 0 0 rg BT 121.36 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 139.25 236.10 Td (\(viii\) ) Tj ET Q q 0 0 0 rg BT 162.70 236.10 Td (general ) Tj ET Q q 0 0 0 rg BT 195.58 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 213.47 236.10 Td (administrative ) Tj ET Q q 0 0 0 rg BT 274.13 236.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 313.68 236.10 Td (related ) Tj ET Q q 0 0 0 rg BT 344.34 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 355.57 236.10 Td (continuing ) Tj ET Q q 0 0 0 rg BT 401.80 236.10 Td (operations. ) Tj ET Q q 0 0 0 rg BT 449.41 236.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.87 236.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 507.41 236.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 536.97 236.10 Td (Pretax ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 91.36 224.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 123.23 224.10 Td (for ) Tj ET Q q 0 0 0 rg BT 136.76 224.10 Td (Non-Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 234.73 224.10 Td (Companies ) Tj ET Q q 0 0 0 rg BT 281.60 224.10 Td (will ) Tj ET Q q 0 0 0 rg BT 299.04 224.10 Td (also ) Tj ET Q q 0 0 0 rg BT 317.02 224.10 Td (be ) Tj ET Q q 0 0 0 rg BT 328.34 224.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 361.86 224.10 Td (by ) Tj ET Q q 0 0 0 rg BT 373.74 224.10 Td (such ) Tj ET Q q 0 0 0 rg BT 393.95 224.10 Td (company) Tj ET Q q 0 0 0 rg BT 433.38 224.10 Td (s ) Tj ET Q q 0 0 0 rg BT 439.15 224.10 Td (Calculated ) Tj ET Q q 0 0 0 rg BT 483.78 224.10 Td (Estimate ) Tj ET Q q 0 0 0 rg BT 520.65 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 530.86 224.10 Td (General ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.38 212.10 Td (Administrative ) Tj ET Q q 0 0 0 rg BT 129.50 212.10 Td (Expense. ) Tj ET Q q 0 0 0 rg BT 169.00 212.10 Td ( ) Tj ET Q q 0 0 0 rg BT 172.13 212.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 226.34 212.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 255.58 212.10 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 284.26 212.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 327.37 212.10 Td (Income ) Tj ET Q q 0 0 0 rg BT 360.48 212.10 Td (will ) Tj ET Q q 0 0 0 rg BT 379.17 212.10 Td (include ) Tj ET Q q 0 0 0 rg BT 411.73 212.10 Td (all ) Tj ET Q q 0 0 0 rg BT 424.86 212.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 469.64 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 481.10 212.10 Td (each ) Tj ET Q q 0 0 0 rg BT 502.54 212.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.00 212.10 Td (company) Tj ET Q q 0 0 0 rg BT 560.01 212.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (other ) Tj ET Q q 0 0 0 rg BT 71.37 200.10 Td (than ) Tj ET Q q 0 0 0 rg BT 89.92 200.10 Td (those ) Tj ET Q q 0 0 0 rg BT 112.35 200.10 Td (related ) Tj ET Q q 0 0 0 rg BT 140.88 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 149.98 200.10 Td (an ) Tj ET Q q 0 0 0 rg BT 160.75 200.10 Td (equity-method ) Tj ET Q q 0 0 0 rg BT 220.39 200.10 Td (investment, ) Tj ET Q q 0 0 0 rg BT 268.10 200.10 Td (including ) Tj ET Q q 0 0 0 rg BT 307.20 200.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 350.18 200.10 Td (that ) Tj ET Q q 0 0 0 rg BT 366.50 200.10 Td (qualify ) Tj ET Q q 0 0 0 rg BT 396.15 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 405.81 200.10 Td (discontinued ) Tj ET Q q 0 0 0 rg BT 458.24 200.10 Td (operations ) Tj ET Q q 0 0 0 rg BT 501.22 200.10 Td (under ) Tj ET Q q 0 0 0 rg BT 525.31 200.10 Td (generally ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (accepted ) Tj ET Q q 0 0 0 rg BT 86.97 188.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 133.34 188.10 Td (principles ) Tj ET Q q 0 0 0 rg BT 175.28 188.10 Td (in ) Tj ET Q q 0 0 0 rg BT 185.55 188.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.27 188.10 Td (United ) Tj ET Q q 0 0 0 rg BT 229.99 188.10 Td (States ) Tj ET Q q 0 0 0 rg BT 256.38 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 266.65 188.10 Td (America.) Tj ET Q endstream endobj 251 0 obj <> endobj 252 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 740.25 Td (\(p\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 740.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 738.9169921875 m 318.6552734375 738.9169921875 l s q 0 0 0 rg BT 89.94 740.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 144.90 740.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 174.88 740.25 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 204.30 740.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 248.16 740.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 282.01 740.25 Td (per ) Tj ET Q q 0 0 0 rg BT 298.66 740.25 Td (BOE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 318.66 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 326.97 740.25 Td (means ) Tj ET Q q 0 0 0 rg BT 356.39 740.25 Td (for ) Tj ET Q q 0 0 0 rg BT 371.92 740.25 Td (each ) Tj ET Q q 0 0 0 rg BT 394.11 740.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 415.75 740.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 458.51 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 476.82 740.25 Td (for ) Tj ET Q q 0 0 0 rg BT 492.35 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.44 740.25 Td (Company) Tj ET Q q 0 0 0 rg BT 546.68 740.25 Td (, ) Tj ET Q q 0 0 0 rg BT 553.05 740.25 Td (its ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 728.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 131.69 728.25 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 159.74 728.25 Td (Operating ) Tj ET Q q 0 0 0 rg BT 202.22 728.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 234.71 728.25 Td (divided ) Tj ET Q q 0 0 0 rg BT 267.21 728.25 Td (by ) Tj ET Q q 0 0 0 rg BT 279.71 728.25 Td (its ) Tj ET Q q 0 0 0 rg BT 291.10 728.25 Td (Actual ) Tj ET Q q 0 0 0 rg BT 320.26 728.25 Td (Reported ) Tj ET Q q 0 0 0 rg BT 359.41 728.25 Td (Production.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 704.25 Td (\(q\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 704.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 702.9169921875 m 230.28515625 702.9169921875 l s q 0 0 0 rg BT 89.94 704.25 Td (Post ) Tj ET Q q 0 0 0 rg BT 109.90 704.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 155.39 704.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 188.67 704.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.73 704.25 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 230.29 704.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.45 704.25 Td (means ) Tj ET Q q 0 0 0 rg BT 265.73 704.25 Td (a ) Tj ET Q q 0 0 0 rg BT 272.90 704.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 306.17 704.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.23 704.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 350.52 704.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.24 704.25 Td (closes ) Tj ET Q q 0 0 0 rg BT 395.41 704.25 Td (following ) Tj ET Q q 0 0 0 rg BT 437.03 704.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 465.17 704.25 Td () Tj ET Q q 0 0 0 rg BT 467.95 704.25 Td (s ) Tj ET Q q 0 0 0 rg BT 474.57 704.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 522.56 704.25 Td (but ) Tj ET Q q 0 0 0 rg BT 538.07 704.25 Td (where ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.01 692.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 114.95 692.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 148.79 692.25 Td (from ) Tj ET Q q 0 0 0 rg BT 170.40 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.80 692.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 252.52 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 263.03 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 277.42 692.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 310.15 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 320.66 692.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 353.39 692.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 375.01 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.97 692.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 413.11 692.25 Td () Tj ET Q q 0 0 0 rg BT 415.89 692.25 Td (s ) Tj ET Q q 0 0 0 rg BT 421.96 692.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 469.40 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 471.58 692.25 Td (For ) Tj ET Q q 0 0 0 rg BT 487.65 692.25 Td (all ) Tj ET Q q 0 0 0 rg BT 499.82 692.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 537.56 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 548.06 692.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 680.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 80.48 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 94.88 680.25 Td (term ) Tj ET Q q 0 0 0 rg BT 115.38 680.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 119.82 680.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 191.42 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.94 680.25 Td (a ) Tj ET Q q 0 0 0 rg BT 209.12 680.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 244.08 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 254.60 680.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 279.97 680.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.75 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 294.37 680.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 315.44 680.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 339.28 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.67 680.25 Td (date ) Tj ET Q q 0 0 0 rg BT 372.51 680.25 Td (on ) Tj ET Q q 0 0 0 rg BT 384.70 680.25 Td (which ) Tj ET Q q 0 0 0 rg BT 411.32 680.25 Td (any ) Tj ET Q q 0 0 0 rg BT 427.94 680.25 Td (material ) Tj ET Q q 0 0 0 rg BT 462.88 680.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 492.00 680.25 Td (including ) Tj ET Q q 0 0 0 rg BT 531.95 680.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 91.22 668.25 Td (through ) Tj ET Q q 0 0 0 rg BT 125.16 668.25 Td (a ) Tj ET Q q 0 0 0 rg BT 132.43 668.25 Td (written ) Tj ET Q q 0 0 0 rg BT 163.58 668.25 Td (of) Tj ET Q q 0 0 0 rg BT 171.73 668.25 Td (fer) Tj ET Q q 0 0 0 rg BT 182.43 668.25 Td (, ) Tj ET Q q 0 0 0 rg BT 187.76 668.25 Td (open-market ) Tj ET Q q 0 0 0 rg BT 241.13 668.25 Td (bid, ) Tj ET Q q 0 0 0 rg BT 259.23 668.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 299.82 668.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 329.58 668.25 Td (proxy ) Tj ET Q q 0 0 0 rg BT 355.75 668.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 403.01 668.25 Td (or ) Tj ET Q q 0 0 0 rg BT 414.18 668.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 458.38 668.25 Td (is ) Tj ET Q q 0 0 0 rg BT 467.88 668.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 492.37 668.25 Td (by ) Tj ET Q q 0 0 0 rg BT 505.20 668.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.47 668.25 Td (person ) Tj ET Q q 0 0 0 rg BT 550.84 668.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 82.33 656.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.96 656.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 125.81 656.25 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 150.32 656.25 Td (or ) Tj ET Q q 0 0 0 rg BT 161.49 656.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 194.34 656.25 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 230.51 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 241.69 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.75 656.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 278.97 656.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 302.09 656.25 Td (or ) Tj ET Q q 0 0 0 rg BT 313.27 656.25 Td (a ) Tj ET Q q 0 0 0 rg BT 320.56 656.25 Td (group ) Tj ET Q q 0 0 0 rg BT 355.61 656.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 370.12 656.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 402.96 656.25 Td (in ) Tj ET Q q 0 0 0 rg BT 413.59 656.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 446.43 656.25 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 482.60 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 493.78 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.84 656.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 531.06 656.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 554.18 656.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (their ) Tj ET Q q 0 0 0 rg BT 70.78 644.25 Td (af) Tj ET Q q 0 0 0 rg BT 78.37 644.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 111.04 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 121.78 644.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 168.05 644.25 Td (ef) Tj ET Q q 0 0 0 rg BT 175.64 644.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 196.93 644.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 217.38 644.25 Td (within ) Tj ET Q q 0 0 0 rg BT 245.90 644.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 258.86 644.25 Td (months ) Tj ET Q q 0 0 0 rg BT 291.26 644.25 Td (after ) Tj ET Q q 0 0 0 rg BT 312.54 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.71 644.25 Td (date ) Tj ET Q q 0 0 0 rg BT 347.33 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.62 644.25 Td (such ) Tj ET Q q 0 0 0 rg BT 379.91 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 415.62 644.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 445.52 644.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 469.02 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 479.76 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 487.16 644.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 520.66 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 531.95 644.25 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 90.33 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 111.17 632.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 142.83 632.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 171.16 632.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.99 632.25 Td (their ) Tj ET Q q 0 0 0 rg BT 202.81 632.25 Td (af) Tj ET Q q 0 0 0 rg BT 210.40 632.25 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 608.25 Td (\(r\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 608.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 606.9169921875 m 212.970703125 606.9169921875 l s q 0 0 0 rg BT 89.94 608.25 Td (Upstream-Focused ) Tj ET Q q 0 0 0 rg BT 167.98 608.25 Td (Companies) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 212.97 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 219.91 608.25 Td (means ) Tj ET Q q 0 0 0 rg BT 247.96 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 262.67 608.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 304.06 608.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.00 608.25 Td (those ) Tj ET Q q 0 0 0 rg BT 344.61 608.25 Td (companies ) Tj ET Q q 0 0 0 rg BT 389.87 608.25 Td (so ) Tj ET Q q 0 0 0 rg BT 401.26 608.25 Td (designated ) Tj ET Q q 0 0 0 rg BT 446.53 608.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 456.80 608.25 Td (Appendix ) Tj ET Q q 0 0 0 rg BT 500.44 608.25 Td (A) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 507.66 608.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (\(s\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.25 Td () Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 89.9384765625 582.9169921875 m 141.0849609375 582.9169921875 l s q 0 0 0 rg BT 89.94 584.25 Td (V) Tj ET Q q 0 0 0 rg BT 96.05 584.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 122.21 584.25 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 141.08 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 147.79 584.25 Td (means ) Tj ET Q q 0 0 0 rg BT 175.61 584.25 Td (March ) Tj ET Q q 0 0 0 rg BT 203.98 584.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 218.75 584.25 Td (2017 ) Tj ET Q q 0 0 0 rg BT 241.02 584.25 Td (or ) Tj ET Q q 0 0 0 rg BT 251.62 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.10 584.25 Td (ef) Tj ET Q q 0 0 0 rg BT 273.69 584.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 303.16 584.25 Td (date ) Tj ET Q q 0 0 0 rg BT 322.09 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 332.69 584.25 Td (any ) Tj ET Q q 0 0 0 rg BT 349.39 584.25 Td (earlier ) Tj ET Q q 0 0 0 rg BT 377.20 584.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 388.90 584.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 421.72 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 432.32 584.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 465.15 584.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 501.85 584.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 511.90 584.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 545.28 584.25 Td (6\(b\)) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.33 572.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 75.05 572.25 Td (death ) Tj ET Q q 0 0 0 rg BT 99.20 572.25 Td (or ) Tj ET Q q 0 0 0 rg BT 110.03 572.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 151.98 572.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 188.91 572.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.19 572.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 236.69 572.25 Td (7\(c\)\(i\) ) Tj ET Q q 0 0 0 rg BT 264.73 572.25 Td (or) Tj ET Q q 0 0 0 rg BT 273.99 572.25 Td ( ) Tj ET Q q 0 0 0 rg BT 276.49 572.25 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 288.70 572.25 Td (, ) Tj ET Q q 0 0 0 rg BT 293.70 572.25 Td (as ) Tj ET Q q 0 0 0 rg BT 304.53 572.25 Td (appropriate.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (3. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 546.68505859375 m 253.72265625 546.68505859375 l s q 0 0 0 rg BT 85.50 548.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 142.67 548.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 165.99 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 176.53 548.25 Td (Contractual ) Tj ET Q q 0 0 0 rg BT 229.83 548.25 Td (Right) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.72 548.25 Td (. ) Tj ET Q q 0 0 0 rg BT 257.87 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.51 548.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 312.24 548.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 333.89 548.25 Td (represents ) Tj ET Q q 0 0 0 rg BT 376.07 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 382.16 548.25 Td (contractual ) Tj ET Q q 0 0 0 rg BT 428.22 548.25 Td (right ) Tj ET Q q 0 0 0 rg BT 448.75 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 458.18 548.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 488.68 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 494.77 548.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 532.51 548.25 Td (amount ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.29 536.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 83.02 536.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 113.80 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 124.04 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 138.71 536.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 163.39 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 180.28 536.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 224.41 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 235.20 536.25 Td (this ) Tj ET Q q 0 0 0 rg BT 251.56 536.25 Td (A) Tj ET Q q 0 0 0 rg BT 257.86 536.25 Td (ward; ) Tj ET Q q 0 0 0 rg BT 283.09 536.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 321.10 536.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 341.05 536.25 Td (based ) Tj ET Q q 0 0 0 rg BT 366.28 536.25 Td (on ) Tj ET Q q 0 0 0 rg BT 378.74 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 393.41 536.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 439.75 536.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 476.64 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 487.43 536.25 Td (detailed ) Tj ET Q q 0 0 0 rg BT 521.54 536.25 Td (below) Tj ET Q q 0 0 0 rg BT 545.32 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 536.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 82.35 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.54 524.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 147.48 524.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 170.33 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 188.19 524.25 Td (become ) Tj ET Q q 0 0 0 rg BT 222.14 524.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 253.31 524.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 307.25 524.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 330.11 524.25 Td (may ) Tj ET Q q 0 0 0 rg BT 350.18 524.25 Td (range ) Tj ET Q q 0 0 0 rg BT 375.24 524.25 Td (from ) Tj ET Q q 0 0 0 rg BT 397.54 524.25 Td (0% ) Tj ET Q q 0 0 0 rg BT 413.72 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 424.36 524.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 450.54 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 461.73 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 476.80 524.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 509.66 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 524.25 Td (Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.08 512.25 Td (Cash, ) Tj ET Q q 0 0 0 rg BT 128.08 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.02 512.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 173.16 512.25 Td () Tj ET Q q 0 0 0 rg BT 175.94 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 182.33 512.25 Td (right ) Tj ET Q q 0 0 0 rg BT 203.72 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.00 512.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 245.36 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 257.30 512.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 289.79 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.62 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 354.21 512.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 376.71 512.25 Td (is ) Tj ET Q q 0 0 0 rg BT 385.88 512.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 425.58 512.25 Td (contingent.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 486.68505859375 m 382.755859375 486.68505859375 l s q 0 0 0 rg BT 85.50 488.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 143.52 488.25 Td (Per) Tj ET Q q 0 0 0 rg BT 158.33 488.25 Td (centage ) Tj ET Q q 0 0 0 rg BT 193.03 488.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 227.02 488.25 Td (W) Tj ET Q q 0 0 0 rg BT 236.84 488.25 Td (ith ) Tj ET Q q 0 0 0 rg BT 251.01 488.25 Td (Respect ) Tj ET Q q 0 0 0 rg BT 286.83 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 297.66 488.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 345.73 488.25 Td (Measur) Tj ET Q q 0 0 0 rg BT 378.32 488.25 Td (e) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 382.76 488.25 Td (. ) Tj ET Q q 0 0 0 rg BT 387.76 488.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 464.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.25 Td (The ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 104.43 464.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 109.43 464.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 156.70 464.25 Td (Measure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 191.13 464.25 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 196.13 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 199.52 464.25 Td (means, ) Tj ET Q q 0 0 0 rg BT 230.96 464.25 Td (for ) Tj ET Q q 0 0 0 rg BT 246.00 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 261.61 464.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 303.88 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.71 464.25 Td (each ) Tj ET Q q 0 0 0 rg BT 343.41 464.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 364.57 464.25 Td (Company: ) Tj ET Q q 0 0 0 rg BT 409.62 464.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 464.09 464.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 493.59 464.25 Td (Pretax ) Tj ET Q q 0 0 0 rg BT 522.52 464.25 Td (Operating ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (Income ) Tj ET Q q 0 0 0 rg BT 81.99 452.25 Td (per ) Tj ET Q q 0 0 0 rg BT 97.25 452.25 Td (BOE.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 428.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.79 428.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 150.42 428.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 187.60 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.68 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 213.64 428.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 255.28 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 272.47 428.25 Td (each ) Tj ET Q q 0 0 0 rg BT 293.53 428.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 314.05 428.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 355.68 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 365.10 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 375.63 428.25 Td (be ) Tj ET Q q 0 0 0 rg BT 387.81 428.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 431.09 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 442.17 428.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 463.80 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 474.88 428.25 Td (practical ) Tj ET Q q 0 0 0 rg BT 512.05 428.25 Td (after ) Tj ET Q q 0 0 0 rg BT 533.11 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.08 428.25 Td (end ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.02 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.43 416.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 127.71 416.25 Td (Period. ) Tj ET Q q 0 0 0 rg BT 158.51 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 160.71 416.25 Td (Once ) Tj ET Q q 0 0 0 rg BT 184.00 416.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 226.72 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.58 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 254.99 416.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 296.07 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 312.70 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 326.55 416.25 Td (each ) Tj ET Q q 0 0 0 rg BT 347.06 416.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 367.03 416.25 Td (Company) Tj ET Q q 0 0 0 rg BT 405.26 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 409.96 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 424.37 416.25 Td (exact ) Tj ET Q q 0 0 0 rg BT 447.65 416.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 493.73 416.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 530.35 416.25 Td (for ) Tj ET Q q 0 0 0 rg BT 544.21 416.25 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (such ) Tj ET Q q 0 0 0 rg BT 70.10 404.25 Td (company ) Tj ET Q q 0 0 0 rg BT 109.02 404.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 130.17 404.25 Td (be ) Tj ET Q q 0 0 0 rg BT 141.88 404.25 Td (listed ) Tj ET Q q 0 0 0 rg BT 165.81 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.86 404.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 210.35 404.25 Td (3 ) Tj ET Q q 0 0 0 rg BT 217.62 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.21 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.70 404.25 Td (table ) Tj ET Q q 0 0 0 rg BT 264.40 404.25 Td (below ) Tj ET Q q 0 0 0 rg BT 291.10 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 301.15 404.25 Td (descending ) Tj ET Q q 0 0 0 rg BT 348.40 404.25 Td (order ) Tj ET Q q 0 0 0 rg BT 371.77 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 382.37 404.25 Td (their ) Tj ET Q q 0 0 0 rg BT 402.96 404.25 Td (respective ) Tj ET Q q 0 0 0 rg BT 445.76 404.25 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 491.91 404.25 Td (Measure ) Tj ET Q q 0 0 0 rg BT 528.60 404.25 Td (from ) Tj ET Q q 0 0 0 rg BT 550.31 404.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (highest ) Tj ET Q q 0 0 0 rg BT 80.89 392.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 126.69 392.25 Td (to ) Tj ET Q q 0 0 0 rg BT 136.97 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 151.68 392.25 Td (lowest ) Tj ET Q q 0 0 0 rg BT 180.29 392.25 Td (percentage. ) Tj ET Q q 0 0 0 rg BT 228.59 392.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 368.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 368.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 120.23 368.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 127.73 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 138.56 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.27 368.25 Td (table ) Tj ET Q q 0 0 0 rg BT 175.21 368.25 Td (below ) Tj ET Q q 0 0 0 rg BT 202.15 368.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 223.53 368.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 251.56 368.25 Td (each ) Tj ET Q q 0 0 0 rg BT 272.38 368.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.21 368.25 Td (company) Tj ET Q q 0 0 0 rg BT 332.64 368.25 Td (s ) Tj ET Q q 0 0 0 rg BT 339.04 368.25 Td (name. ) Tj ET Q q 0 0 0 rg BT 365.69 368.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 344.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 103.21 344.25 Td (percentages ) Tj ET Q q 0 0 0 rg BT 152.57 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 162.51 344.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 196.90 344.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 204.06 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.55 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.93 344.25 Td (table ) Tj ET Q q 0 0 0 rg BT 250.53 344.25 Td (below ) Tj ET Q q 0 0 0 rg BT 277.13 344.25 Td (are ) Tj ET Q q 0 0 0 rg BT 291.50 344.25 Td (based ) Tj ET Q q 0 0 0 rg BT 316.43 344.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 338.60 344.25 Td (increments ) Tj ET Q q 0 0 0 rg BT 384.63 344.25 Td (derived ) Tj ET Q q 0 0 0 rg BT 416.78 344.25 Td (by ) Tj ET Q q 0 0 0 rg BT 428.94 344.25 Td (dividing ) Tj ET Q q 0 0 0 rg BT 464.44 344.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 489.93 344.25 Td (by ) Tj ET Q q 0 0 0 rg BT 502.10 344.25 Td (13 ) Tj ET Q q 0 0 0 rg BT 514.26 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 531.97 344.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.62 332.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 81.18 332.25 Td (Companies\), ) Tj ET Q q 0 0 0 rg BT 134.79 332.25 Td (which ) Tj ET Q q 0 0 0 rg BT 162.02 332.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 208.11 332.25 Td (increments ) Tj ET Q q 0 0 0 rg BT 254.77 332.25 Td (will ) Tj ET Q q 0 0 0 rg BT 273.12 332.25 Td (be ) Tj ET Q q 0 0 0 rg BT 285.35 332.25 Td (adjusted, ) Tj ET Q q 0 0 0 rg BT 323.96 332.25 Td (if ) Tj ET Q q 0 0 0 rg BT 332.86 332.25 Td (necessary) Tj ET Q q 0 0 0 rg BT 371.08 332.25 Td (, ) Tj ET Q q 0 0 0 rg BT 376.37 332.25 Td (on ) Tj ET Q q 0 0 0 rg BT 389.16 332.25 Td (a ) Tj ET Q q 0 0 0 rg BT 396.38 332.25 Td (pro ) Tj ET Q q 0 0 0 rg BT 412.50 332.25 Td (rata ) Tj ET Q q 0 0 0 rg BT 430.28 332.25 Td (basis ) Tj ET Q q 0 0 0 rg BT 453.07 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 463.64 332.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 491.96 332.25 Td (a ) Tj ET Q q 0 0 0 rg BT 499.19 332.25 Td (reduction ) Tj ET Q q 0 0 0 rg BT 539.74 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.31 332.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (number ) Tj ET Q q 0 0 0 rg BT 82.78 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 93.84 320.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 114.34 320.25 Td (Companies ) Tj ET Q q 0 0 0 rg BT 162.06 320.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 179.79 320.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 218.89 320.25 Td (if ) Tj ET Q q 0 0 0 rg BT 227.73 320.25 Td (at ) Tj ET Q q 0 0 0 rg BT 237.68 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 252.62 320.25 Td (end ) Tj ET Q q 0 0 0 rg BT 269.79 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.85 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.80 320.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 349.62 320.25 Td (Period ) Tj ET Q q 0 0 0 rg BT 378.46 320.25 Td (there ) Tj ET Q q 0 0 0 rg BT 401.17 320.25 Td (were ) Tj ET Q q 0 0 0 rg BT 423.33 320.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 436.06 320.25 Td (Peer ) Tj ET Q q 0 0 0 rg BT 456.56 320.25 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 506.79 320.25 Td (then ) Tj ET Q q 0 0 0 rg BT 526.74 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.68 320.25 Td (7.7% ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (increment ) Tj ET Q q 0 0 0 rg BT 91.98 308.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 130.57 308.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 159.19 308.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.47 308.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 204.19 308.25 Td (4 ) Tj ET Q q 0 0 0 rg BT 211.69 308.25 Td (would ) Tj ET Q q 0 0 0 rg BT 239.19 308.25 Td (become ) Tj ET Q q 0 0 0 rg BT 272.79 308.25 Td (8.3%\). ) Tj ET Q q 0 0 0 rg BT 301.95 308.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 284.25 Td (The ) Tj ET Q q 0 0 0 rg BT 104.04 284.25 Td (Company) Tj ET Q q 0 0 0 rg BT 145.71 284.25 Td (s ) Tj ET Q q 0 0 0 rg BT 152.60 284.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 182.24 284.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 236.33 284.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 283.19 284.25 Td (will ) Tj ET Q q 0 0 0 rg BT 301.74 284.25 Td (be ) Tj ET Q q 0 0 0 rg BT 314.18 284.25 Td (that ) Tj ET Q q 0 0 0 rg BT 332.17 284.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 378.47 284.25 Td (shown ) Tj ET Q q 0 0 0 rg BT 407.58 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 418.36 284.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 453.58 284.25 Td (5 ) Tj ET Q q 0 0 0 rg BT 461.58 284.25 Td (\(subject ) Tj ET Q q 0 0 0 rg BT 496.23 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 507.01 284.25 Td (adjustment, ) Tj ET Q q 0 0 0 rg BT 556.39 284.25 Td (if ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (any) Tj ET Q q 0 0 0 rg BT 63.29 272.25 Td (, ) Tj ET Q q 0 0 0 rg BT 68.37 272.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 106.49 272.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.85 272.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 154.43 272.25 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.43 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 162.00 272.25 Td (or ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 172.91 272.25 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.91 272.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 188.82 272.25 Td (opposite ) Tj ET Q q 0 0 0 rg BT 225.29 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.08 272.25 Td (ranking ) Tj ET Q q 0 0 0 rg BT 273.21 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 284.11 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 298.91 272.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 340.37 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 350.73 272.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 385.54 272.25 Td (1 ) Tj ET Q q 0 0 0 rg BT 393.11 272.25 Td (\(for ) Tj ET Q q 0 0 0 rg BT 410.68 272.25 Td (example, ) Tj ET Q q 0 0 0 rg BT 449.63 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 459.99 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.78 272.25 Td (following ) Tj ET Q q 0 0 0 rg BT 516.25 272.25 Td (table ) Tj ET Q q 0 0 0 rg BT 538.26 272.25 Td (for ) Tj ET Q q 0 0 0 rg BT 552.50 272.25 Td (14 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (Companies, ) Tj ET Q q 0 0 0 rg BT 99.31 260.25 Td (being ) Tj ET Q q 0 0 0 rg BT 123.85 260.25 Td (ranked ) Tj ET Q q 0 0 0 rg BT 153.37 260.25 Td (as ) Tj ET Q q 0 0 0 rg BT 164.02 260.25 Td (seventh ) Tj ET Q q 0 0 0 rg BT 196.88 260.25 Td (would ) Tj ET Q q 0 0 0 rg BT 224.20 260.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 248.17 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 254.92 260.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 308.33 260.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 354.50 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 365.15 260.25 Td (8%\). ) Tj ET Q q 0 0 0 rg BT 386.63 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 388.78 260.25 Td (The ) Tj ET Q q 0 0 0 rg BT 406.64 260.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 435.60 260.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 489.01 260.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 535.18 260.25 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 260.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 85.49 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 95.93 248.25 Td (reflect ) Tj ET Q q 0 0 0 rg BT 124.12 248.25 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 174.56 248.25 Td (made ) Tj ET Q q 0 0 0 rg BT 198.88 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.32 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.20 248.25 Td (percentages ) Tj ET Q q 0 0 0 rg BT 274.05 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 284.49 248.25 Td (Column ) Tj ET Q q 0 0 0 rg BT 319.38 248.25 Td (4, ) Tj ET Q q 0 0 0 rg BT 329.55 248.25 Td (if ) Tj ET Q q 0 0 0 rg BT 338.32 248.25 Td (any) Tj ET Q q 0 0 0 rg BT 352.11 248.25 Td (, ) Tj ET Q q 0 0 0 rg BT 357.27 248.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 394.37 248.25 Td (to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.81 248.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 438.58 248.25 Td (4\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 458.47 248.25 Td (above; ) Tj ET Q q 0 0 0 rg BT 487.78 248.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 525.99 248.25 Td (however) Tj ET Q q 0 0 0 rg BT 560.02 248.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.00 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.71 236.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 110.86 236.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 164.44 236.25 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 210.80 236.25 Td (may ) Tj ET Q q 0 0 0 rg BT 230.52 236.25 Td (not ) Tj ET Q q 0 0 0 rg BT 245.80 236.25 Td (be ) Tj ET Q q 0 0 0 rg BT 257.74 236.25 Td (greater ) Tj ET Q q 0 0 0 rg BT 287.99 236.25 Td (than ) Tj ET Q q 0 0 0 rg BT 307.71 236.25 Td (100%. ) Tj ET Q q 0 0 0 rg BT 336.04 236.25 Td ( ) Tj ET Q endstream endobj 253 0 obj <> endobj 254 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (4) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 746.5 m 50.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 746.5 m 152.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 746.5 m 152.5 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 732.5 m 152.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 746.5 m 152.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 746.5 m 254.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 746.5 m 254.5 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 732.5 m 254.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 746.5 m 254.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 746.5 m 356.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 746.5 m 356.5 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 732.5 m 356.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 746.5 m 356.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 746.5 m 458.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 746.5 m 458.5 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 732.5 m 458.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 746.5 m 458.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 746.5 m 560.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 746.5 m 560.5 746.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 732.5 m 560.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 732.5 m 50.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 732.5 m 152.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 732.5 m 152.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 688.5 m 152.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 732.5 m 152.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 732.5 m 254.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 732.5 m 254.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 688.5 m 254.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 732.5 m 254.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 732.5 m 356.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 732.5 m 356.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 688.5 m 356.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 732.5 m 356.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 732.5 m 458.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 732.5 m 458.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 688.5 m 458.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 732.5 m 458.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 732.5 m 560.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 732.5 m 560.5 732.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 688.5 m 560.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 688.5 m 50.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 688.5 m 152.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 688.5 m 152.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 673.5 m 152.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 688.5 m 152.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 688.5 m 254.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 688.5 m 254.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 673.5 m 254.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 688.5 m 254.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 688.5 m 356.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 688.5 m 356.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 673.5 m 356.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 688.5 m 356.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 688.5 m 458.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 688.5 m 458.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 673.5 m 458.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 688.5 m 458.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 688.5 m 560.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 688.5 m 560.5 688.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 673.5 m 560.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 673.5 m 50.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 673.5 m 152.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 673.5 m 152.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 658.5 m 152.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 673.5 m 152.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 673.5 m 254.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 673.5 m 254.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 658.5 m 254.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 673.5 m 254.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 673.5 m 356.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 673.5 m 356.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 658.5 m 356.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 673.5 m 356.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 673.5 m 458.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 673.5 m 458.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 658.5 m 458.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 673.5 m 458.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 673.5 m 560.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 673.5 m 560.5 673.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.5 m 560.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 658.5 m 50.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 658.5 m 152.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 658.5 m 152.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 643.5 m 152.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 658.5 m 152.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 658.5 m 254.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 658.5 m 254.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 643.5 m 254.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 658.5 m 254.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 658.5 m 356.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 658.5 m 356.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 643.5 m 356.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 658.5 m 356.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.5 m 458.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 658.5 m 458.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 643.5 m 458.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.5 m 458.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 658.5 m 560.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 658.5 m 560.5 658.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 643.5 m 560.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 643.5 m 50.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 643.5 m 152.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 643.5 m 152.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 628.5 m 152.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 643.5 m 152.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 643.5 m 254.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 643.5 m 254.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 628.5 m 254.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 643.5 m 254.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 643.5 m 356.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 643.5 m 356.5 643.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 628.5 m 356.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 643.5 m 356.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 643.5 m 458.5 628.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 643.5 m 458.5 643.5 l s 0 0 0 RG 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/GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 508.5 m 152.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 508.5 m 254.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 508.5 m 254.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 493.5 m 254.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 508.5 m 254.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 508.5 m 356.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 508.5 m 356.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 493.5 m 356.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 508.5 m 356.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 508.5 m 458.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 508.5 m 458.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 493.5 m 458.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 508.5 m 458.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 508.5 m 560.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 508.5 m 560.5 508.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 493.5 m 560.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 493.5 m 50.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 493.5 m 152.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 493.5 m 152.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 50.5 478.5 m 152.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 493.5 m 152.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 493.5 m 254.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 493.5 m 254.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 152.5 478.5 m 254.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 493.5 m 254.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 493.5 m 356.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 493.5 m 356.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 254.5 478.5 m 356.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 493.5 m 356.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 493.5 m 458.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 493.5 m 458.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 356.5 478.5 m 458.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 493.5 m 458.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 560.5 493.5 m 560.5 478.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 493.5 m 560.5 493.5 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 458.5 478.5 m 560.5 478.5 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 80.00 737.18 Td (Column 1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 182.00 737.18 Td (Column 2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.00 737.18 Td (Column 3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 386.00 737.18 Td (Column 4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 488.00 737.18 Td (Column 5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 82.65 693.18 Td (Ranking) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 168.40 693.18 Td (Company Name) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 266.80 703.18 Td (Actual EBITDAX) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 286.45 693.18 Td (Measure) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.40 723.18 Td (Scale of EBITDAX ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 374.65 713.18 Td (Measur) Tj ET Q q 0 0 0 rg BT 407.24 713.18 Td (e for) Tj ET Q q 0 0 0 rg BT 426.76 713.18 Td ( 14 ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 383.10 703.18 Td (Companies ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 367.20 693.18 Td (\(expr) Tj ET Q q 0 0 0 rg BT 389.79 693.18 Td (essed as a %\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 481.20 723.18 Td (Performance ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 473.10 713.18 Td (Per) Tj ET Q q 0 0 0 rg BT 487.90 713.18 Td (centage Scale) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 486.60 703.18 Td (\(subject to ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 479.55 693.18 Td (interpolation\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 678.18 Td (1) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 391.55 678.17 Td (100.0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 497.30 678.17 Td (100%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 663.18 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 663.17 Td (92.3%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 663.17 Td (85%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 648.18 Td (3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 648.17 Td (84.6%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 648.17 Td (69%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 633.18 Td (4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 633.17 Td (76.9%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 633.17 Td (54%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 618.18 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 618.17 Td (69.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 618.17 Td (38%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 603.18 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 603.17 Td (61.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 499.80 603.17 Td (23%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 588.18 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 588.17 Td (53.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 588.17 Td (8%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 573.18 Td (8) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 573.17 Td (46.2%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 573.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 98.50 558.18 Td (9) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 558.17 Td (38.5%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 558.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.00 543.18 Td (10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 543.17 Td (30.8%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 543.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.00 528.18 Td (11) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 528.17 Td (23.1%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 528.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.00 513.18 Td (12) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 394.05 513.17 Td (15.4%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 513.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.00 498.18 Td (13) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 396.55 498.17 Td (7.7%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 498.17 Td (0%) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 96.00 483.18 Td (14) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.30 483.17 Td (0%) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 502.30 483.17 Td (0%) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 455.00 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 453.43505859375 m 310.8876953125 453.43505859375 l s q 0 0 0 rg BT 85.50 455.00 Td (Committee) Tj ET Q q 0 0 0 rg BT 135.66 455.00 Td (s ) Tj ET Q q 0 0 0 rg BT 143.69 455.00 Td (Reduction ) Tj ET Q q 0 0 0 rg BT 191.73 455.00 Td (of ) Tj ET Q q 0 0 0 rg BT 204.21 455.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 263.88 455.00 Td (Per) Tj ET Q q 0 0 0 rg BT 278.68 455.00 Td (centage) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 310.89 455.00 Td (. ) Tj ET Q q 0 0 0 rg BT 317.53 455.00 Td ( ) Tj ET Q q 0 0 0 rg BT 321.68 455.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 392.49 455.00 Td (any ) Tj ET Q q 0 0 0 rg BT 411.08 455.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 453.00 455.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 482.68 455.00 Td (to ) Tj ET Q q 0 0 0 rg BT 494.61 455.00 Td (the ) Tj ET Q q 0 0 0 rg BT 510.97 455.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 543.64 455.00 Td (, ) Tj ET Q q 0 0 0 rg BT 550.28 455.00 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 443.00 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 100.06 443.00 Td (in ) Tj ET Q q 0 0 0 rg BT 111.47 443.00 Td (its ) Tj ET Q q 0 0 0 rg BT 124.54 443.00 Td (sole ) Tj ET Q q 0 0 0 rg BT 144.27 443.00 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 189.83 443.00 Td (by ) Tj ET Q q 0 0 0 rg BT 203.45 443.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 251.52 443.00 Td (resolution ) Tj ET Q q 0 0 0 rg BT 295.14 443.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 318.20 443.00 Td (to ) Tj ET Q q 0 0 0 rg BT 329.60 443.00 Td (the ) Tj ET Q q 0 0 0 rg BT 345.18 443.00 Td (V) Tj ET Q q 0 0 0 rg BT 351.29 443.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 378.81 443.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 403.81 443.00 Td (may ) Tj ET Q q 0 0 0 rg BT 424.65 443.00 Td (reduce ) Tj ET Q q 0 0 0 rg BT 454.92 443.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 483.06 443.00 Td () Tj ET Q q 0 0 0 rg BT 485.84 443.00 Td (s ) Tj ET Q q 0 0 0 rg BT 493.35 443.00 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 535.85 443.00 Td (earned ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 431.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.85 431.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 150.97 431.00 Td (in ) Tj ET Q q 0 0 0 rg BT 162.01 431.00 Td (an ) Tj ET Q q 0 0 0 rg BT 174.71 431.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 207.97 431.00 Td (\(if ) Tj ET Q q 0 0 0 rg BT 220.67 431.00 Td (any\) ) Tj ET Q q 0 0 0 rg BT 241.70 431.00 Td (based ) Tj ET Q q 0 0 0 rg BT 267.73 431.00 Td (upon ) Tj ET Q q 0 0 0 rg BT 290.99 431.00 Td (the ) Tj ET Q q 0 0 0 rg BT 306.47 431.00 Td (Committee) Tj ET Q q 0 0 0 rg BT 353.68 431.00 Td (s ) Tj ET Q q 0 0 0 rg BT 360.84 431.00 Td (subjective ) Tj ET Q q 0 0 0 rg BT 404.64 431.00 Td (evaluation. ) Tj ET Q q 0 0 0 rg BT 452.05 431.00 Td ( ) Tj ET Q q 0 0 0 rg BT 454.60 431.00 Td (Any ) Tj ET Q q 0 0 0 rg BT 475.08 431.00 Td (reduction ) Tj ET Q q 0 0 0 rg BT 516.10 431.00 Td (of ) Tj ET Q q 0 0 0 rg BT 527.70 431.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.84 431.00 Td () Tj ET Q q 0 0 0 rg BT 558.61 431.00 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 419.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.35 419.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 147.98 419.00 Td (by ) Tj ET Q q 0 0 0 rg BT 159.75 419.00 Td (the ) Tj ET Q q 0 0 0 rg BT 173.73 419.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 219.94 419.00 Td (for ) Tj ET Q q 0 0 0 rg BT 233.37 419.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.35 419.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 300.20 419.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 328.08 419.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 348.73 419.00 Td (be ) Tj ET Q q 0 0 0 rg BT 359.94 419.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 406.69 419.00 Td (after ) Tj ET Q q 0 0 0 rg BT 426.77 419.00 Td (the ) Tj ET Q q 0 0 0 rg BT 440.75 419.00 Td (end ) Tj ET Q q 0 0 0 rg BT 456.96 419.00 Td (of ) Tj ET Q q 0 0 0 rg BT 467.06 419.00 Td (the ) Tj ET Q q 0 0 0 rg BT 481.04 419.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 533.89 419.00 Td (Period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 407.00 Td (and ) Tj ET Q q 0 0 0 rg BT 66.32 407.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 87.59 407.00 Td (not ) Tj ET Q q 0 0 0 rg BT 102.75 407.00 Td (exceed ) Tj ET Q q 0 0 0 rg BT 132.89 407.00 Td (twenty-five ) Tj ET Q q 0 0 0 rg BT 181.37 407.00 Td (percent ) Tj ET Q q 0 0 0 rg BT 213.17 407.00 Td (\(25%\) ) Tj ET Q q 0 0 0 rg BT 240.54 407.00 Td (of ) Tj ET Q q 0 0 0 rg BT 251.26 407.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 279.40 407.00 Td () Tj ET Q q 0 0 0 rg BT 282.18 407.00 Td (s ) Tj ET Q q 0 0 0 rg BT 288.45 407.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 341.92 407.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 388.16 407.00 Td (earned ) Tj ET Q q 0 0 0 rg BT 417.19 407.00 Td (during ) Tj ET Q q 0 0 0 rg BT 445.68 407.00 Td (the ) Tj ET Q q 0 0 0 rg BT 460.28 407.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 513.75 407.00 Td (Period. ) Tj ET Q q 0 0 0 rg BT 544.74 407.00 Td ( ) Tj ET Q q 0 0 0 rg BT 546.95 407.00 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 395.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.44 395.00 Td (does ) Tj ET Q q 0 0 0 rg BT 117.27 395.00 Td (not ) Tj ET Q q 0 0 0 rg BT 132.55 395.00 Td (have ) Tj ET Q q 0 0 0 rg BT 153.92 395.00 Td (discretion ) Tj ET Q q 0 0 0 rg BT 195.86 395.00 Td (to ) Tj ET Q q 0 0 0 rg BT 206.14 395.00 Td (increase ) Tj ET Q q 0 0 0 rg BT 241.39 395.00 Td (a ) Tj ET Q q 0 0 0 rg BT 248.33 395.00 Td (Holder) Tj ET Q q 0 0 0 rg BT 276.47 395.00 Td () Tj ET Q q 0 0 0 rg BT 279.25 395.00 Td (s ) Tj ET Q q 0 0 0 rg BT 285.64 395.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 339.22 395.00 Td (Percentage.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 371.00 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 369.43505859375 m 199.3671875 369.43505859375 l s q 0 0 0 rg BT 85.50 371.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 119.67 371.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 177.69 371.00 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 199.37 371.00 Td (. ) Tj ET Q q 0 0 0 rg BT 204.37 371.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 347.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 345.6669921875 m 190.146484375 345.6669921875 l s q 0 0 0 rg BT 85.50 347.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 116.44 347.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 170.15 347.00 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 190.15 347.00 Td (. ) Tj ET Q q 0 0 0 rg BT 195.27 347.00 Td ( ) Tj ET Q q 0 0 0 rg BT 197.70 347.00 Td (The ) Tj ET Q q 0 0 0 rg BT 215.87 347.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 248.49 347.00 Td (of ) Tj ET Q q 0 0 0 rg BT 259.45 347.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 290.39 347.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 344.09 347.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 366.72 347.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 388.23 347.00 Td (be ) Tj ET Q q 0 0 0 rg BT 400.29 347.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 424.57 347.00 Td (to ) Tj ET Q q 0 0 0 rg BT 434.97 347.00 Td (the ) Tj ET Q q 0 0 0 rg BT 449.81 347.00 Td (product ) Tj ET Q q 0 0 0 rg BT 482.98 347.00 Td (of ) Tj ET Q q 0 0 0 rg BT 493.93 347.00 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 506.00 347.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.84 347.00 Td (Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 335.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.05 335.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 125.51 335.00 Td (multiplied ) Tj ET Q q 0 0 0 rg BT 169.08 335.00 Td (by ) Tj ET Q q 0 0 0 rg BT 181.54 335.00 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 196.22 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 210.90 335.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 264.45 335.00 Td (Percentage, ) Tj ET Q q 0 0 0 rg BT 313.27 335.00 Td (as ) Tj ET Q q 0 0 0 rg BT 324.06 335.00 Td (such ) Tj ET Q q 0 0 0 rg BT 344.86 335.00 Td (number ) Tj ET Q q 0 0 0 rg BT 377.87 335.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 399.21 335.00 Td (be ) Tj ET Q q 0 0 0 rg BT 411.12 335.00 Td (reduced ) Tj ET Q q 0 0 0 rg BT 445.22 335.00 Td (by ) Tj ET Q q 0 0 0 rg BT 457.69 335.00 Td (the ) Tj ET Q q 0 0 0 rg BT 472.37 335.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 513.71 335.00 Td (to ) Tj ET Q q 0 0 0 rg BT 523.96 335.00 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 552.53 335.00 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 323.00 Td (minimum ) Tj ET Q q 0 0 0 rg BT 90.26 323.00 Td (applicable ) Tj ET Q q 0 0 0 rg BT 133.22 323.00 Td (federal, ) Tj ET Q q 0 0 0 rg BT 165.35 323.00 Td (state, ) Tj ET Q q 0 0 0 rg BT 188.05 323.00 Td (and ) Tj ET Q q 0 0 0 rg BT 204.36 323.00 Td (local ) Tj ET Q q 0 0 0 rg BT 225.66 323.00 Td (income ) Tj ET Q q 0 0 0 rg BT 256.97 323.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 271.05 323.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 321.26 323.00 Td (requirements ) Tj ET Q q 0 0 0 rg BT 375.33 323.00 Td (and ) Tj ET Q q 0 0 0 rg BT 391.65 323.00 Td (employment ) Tj ET Q q 0 0 0 rg BT 443.51 323.00 Td (tax ) Tj ET Q q 0 0 0 rg BT 457.60 323.00 Td (withholding ) Tj ET Q q 0 0 0 rg BT 507.80 323.00 Td (requirements. ) Tj ET Q q 0 0 0 rg BT 565.00 323.00 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 311.00 Td (The ) Tj ET Q q 0 0 0 rg BT 67.94 311.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 121.92 311.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 168.67 311.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 190.45 311.00 Td (be ) Tj ET Q q 0 0 0 rg BT 202.78 311.00 Td (determined ) Tj ET Q q 0 0 0 rg BT 250.65 311.00 Td (by ) Tj ET Q q 0 0 0 rg BT 263.54 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 278.65 311.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 325.98 311.00 Td (and ) Tj ET Q q 0 0 0 rg BT 343.31 311.00 Td (the ) Tj ET Q q 0 0 0 rg BT 358.42 311.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 389.08 311.00 Td (will ) Tj ET Q q 0 0 0 rg BT 407.53 311.00 Td (be ) Tj ET Q q 0 0 0 rg BT 419.86 311.00 Td (advised ) Tj ET Q q 0 0 0 rg BT 453.30 311.00 Td (as ) Tj ET Q q 0 0 0 rg BT 464.52 311.00 Td (soon ) Tj ET Q q 0 0 0 rg BT 486.31 311.00 Td (as ) Tj ET Q q 0 0 0 rg BT 497.53 311.00 Td (administratively ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 299.00 Td (practicable ) Tj ET Q q 0 0 0 rg BT 95.31 299.00 Td (following ) Tj ET Q q 0 0 0 rg BT 136.15 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 150.31 299.00 Td (end ) Tj ET Q q 0 0 0 rg BT 166.70 299.00 Td (of ) Tj ET Q q 0 0 0 rg BT 176.98 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 191.15 299.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 244.19 299.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 272.24 299.00 Td (\(but ) Tj ET Q q 0 0 0 rg BT 290.30 299.00 Td (in ) Tj ET Q q 0 0 0 rg BT 300.03 299.00 Td (no ) Tj ET Q q 0 0 0 rg BT 311.98 299.00 Td (case ) Tj ET Q q 0 0 0 rg BT 331.14 299.00 Td (later ) Tj ET Q q 0 0 0 rg BT 350.85 299.00 Td (than ) Tj ET Q q 0 0 0 rg BT 370.02 299.00 Td (90 ) Tj ET Q q 0 0 0 rg BT 381.97 299.00 Td (days ) Tj ET Q q 0 0 0 rg BT 402.25 299.00 Td (after ) Tj ET Q q 0 0 0 rg BT 422.52 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 436.69 299.00 Td (end ) Tj ET Q q 0 0 0 rg BT 453.08 299.00 Td (of ) Tj ET Q q 0 0 0 rg BT 463.36 299.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.52 299.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 530.56 299.00 Td (Period\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 287.00 Td (and ) Tj ET Q q 0 0 0 rg BT 65.67 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 79.62 287.00 Td (Committee ) Tj ET Q q 0 0 0 rg BT 125.78 287.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 146.40 287.00 Td (certify ) Tj ET Q q 0 0 0 rg BT 174.22 287.00 Td (whether ) Tj ET Q q 0 0 0 rg BT 208.16 287.00 Td (and ) Tj ET Q q 0 0 0 rg BT 224.33 287.00 Td (to ) Tj ET Q q 0 0 0 rg BT 233.84 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 247.78 287.00 Td (extent ) Tj ET Q q 0 0 0 rg BT 273.95 287.00 Td (that ) Tj ET Q q 0 0 0 rg BT 290.67 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 304.62 287.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 357.43 287.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 403.03 287.00 Td (has ) Tj ET Q q 0 0 0 rg BT 418.09 287.00 Td (been ) Tj ET Q q 0 0 0 rg BT 438.69 287.00 Td (achieved, ) Tj ET Q q 0 0 0 rg BT 478.46 287.00 Td (subject ) Tj ET Q q 0 0 0 rg BT 508.51 287.00 Td (to ) Tj ET Q q 0 0 0 rg BT 518.02 287.00 Td (the ) Tj ET Q q 0 0 0 rg BT 531.97 287.00 Td (Change ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 275.00 Td (Control ) Tj ET Q q 0 0 0 rg BT 93.39 275.00 Td (provisions ) Tj ET Q q 0 0 0 rg BT 137.56 275.00 Td (of ) Tj ET Q q 0 0 0 rg BT 148.39 275.00 Td (Section ) Tj ET Q q 0 0 0 rg BT 180.88 275.00 Td (6\(b\) ) Tj ET Q q 0 0 0 rg BT 200.04 275.00 Td (below) Tj ET Q q 0 0 0 rg BT 223.83 275.00 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 251.00 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 249.6669921875 m 159.083984375 249.6669921875 l s q 0 0 0 rg BT 85.50 251.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 118.12 251.00 Td (of ) Tj ET Q q 0 0 0 rg BT 128.53 251.00 Td (Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 159.08 251.00 Td (. ) Tj ET Q q 0 0 0 rg BT 163.66 251.00 Td ( ) Tj ET Q q 0 0 0 rg BT 165.73 251.00 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 234.47 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 248.77 251.00 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 289.72 251.00 Td (and ) Tj ET Q q 0 0 0 rg BT 306.23 251.00 Td (any ) Tj ET Q q 0 0 0 rg BT 322.75 251.00 Td (other ) Tj ET Q q 0 0 0 rg BT 345.37 251.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 385.22 251.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 412.83 251.00 Td (to ) Tj ET Q q 0 0 0 rg BT 422.69 251.00 Td (the ) Tj ET Q q 0 0 0 rg BT 436.98 251.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 469.65 251.00 Td (, ) Tj ET Q q 0 0 0 rg BT 474.22 251.00 Td (if ) Tj ET Q q 0 0 0 rg BT 482.40 251.00 Td (a ) Tj ET Q q 0 0 0 rg BT 488.92 251.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 521.54 251.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.95 251.00 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 60.23 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 74.84 239.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 116.12 239.00 Td (occurs ) Tj ET Q q 0 0 0 rg BT 144.61 239.00 Td (during ) Tj ET Q q 0 0 0 rg BT 173.12 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 187.73 239.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 241.21 239.00 Td (Period ) Tj ET Q q 0 0 0 rg BT 269.71 239.00 Td (then, ) Tj ET Q q 0 0 0 rg BT 291.82 239.00 Td (regardless ) Tj ET Q q 0 0 0 rg BT 334.75 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 345.48 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 360.09 239.00 Td (EBITDAX ) Tj ET Q q 0 0 0 rg BT 406.37 239.00 Td (Percentage ) Tj ET Q q 0 0 0 rg BT 452.63 239.00 Td (at ) Tj ET Q q 0 0 0 rg BT 462.24 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 476.85 239.00 Td (date ) Tj ET Q q 0 0 0 rg BT 495.90 239.00 Td (of ) Tj ET Q q 0 0 0 rg BT 506.62 239.00 Td (the ) Tj ET Q q 0 0 0 rg BT 521.24 239.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 554.18 239.00 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 227.00 Td (Control ) Tj ET Q q 0 0 0 rg BT 82.98 227.00 Td (of ) Tj ET Q q 0 0 0 rg BT 94.24 227.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.38 227.00 Td (Company) Tj ET Q q 0 0 0 rg BT 147.62 227.00 Td (, ) Tj ET Q q 0 0 0 rg BT 153.05 227.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 183.74 227.00 Td (will ) Tj ET Q q 0 0 0 rg BT 202.22 227.00 Td (be ) Tj ET Q q 0 0 0 rg BT 214.59 227.00 Td (entitled ) Tj ET Q q 0 0 0 rg BT 247.50 227.00 Td (to ) Tj ET Q q 0 0 0 rg BT 258.21 227.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 290.00 227.00 Td (delivery ) Tj ET Q q 0 0 0 rg BT 325.69 227.00 Td (of ) Tj ET Q q 0 0 0 rg BT 336.94 227.00 Td (an ) Tj ET Q q 0 0 0 rg BT 349.31 227.00 Td (amount ) Tj ET Q q 0 0 0 rg BT 382.23 227.00 Td (of ) Tj ET Q q 0 0 0 rg BT 393.49 227.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 447.50 227.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 470.42 227.00 Td (equal ) Tj ET Q q 0 0 0 rg BT 495.00 227.00 Td (to ) Tj ET Q q 0 0 0 rg BT 505.71 227.00 Td (the ) Tj ET Q q 0 0 0 rg BT 520.85 227.00 Td (Maximum ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 215.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 103.79 215.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 127.00 215.00 Td (\(notwithstanding ) Tj ET Q q 0 0 0 rg BT 197.97 215.00 Td (any ) Tj ET Q q 0 0 0 rg BT 215.62 215.00 Td (provision ) Tj ET Q q 0 0 0 rg BT 256.60 215.00 Td (hereof ) Tj ET Q q 0 0 0 rg BT 285.34 215.00 Td (to ) Tj ET Q q 0 0 0 rg BT 296.33 215.00 Td (the ) Tj ET Q q 0 0 0 rg BT 311.75 215.00 Td (contrary) Tj ET Q q 0 0 0 rg BT 344.42 215.00 Td (, ) Tj ET Q q 0 0 0 rg BT 350.12 215.00 Td (none ) Tj ET Q q 0 0 0 rg BT 372.77 215.00 Td (of ) Tj ET Q q 0 0 0 rg BT 384.30 215.00 Td (which ) Tj ET Q q 0 0 0 rg BT 411.95 215.00 Td (Maximum ) Tj ET Q q 0 0 0 rg BT 456.82 215.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 511.11 215.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 534.31 215.00 Td (will ) Tj ET Q q 0 0 0 rg BT 553.07 215.00 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 203.00 Td (retained ) Tj ET Q q 0 0 0 rg BT 83.55 203.00 Td (by ) Tj ET Q q 0 0 0 rg BT 95.39 203.00 Td (the ) Tj ET Q q 0 0 0 rg BT 109.45 203.00 Td (Company ) Tj ET Q q 0 0 0 rg BT 150.18 203.00 Td (other ) Tj ET Q q 0 0 0 rg BT 172.58 203.00 Td (than ) Tj ET Q q 0 0 0 rg BT 191.64 203.00 Td (as ) Tj ET Q q 0 0 0 rg BT 201.81 203.00 Td (payment ) Tj ET Q q 0 0 0 rg BT 238.09 203.00 Td (for ) Tj ET Q q 0 0 0 rg BT 251.60 203.00 Td (withholding\) ) Tj ET Q q 0 0 0 rg BT 305.11 203.00 Td (as ) Tj ET Q q 0 0 0 rg BT 315.28 203.00 Td (soon ) Tj ET Q q 0 0 0 rg BT 336.02 203.00 Td (as ) Tj ET Q q 0 0 0 rg BT 346.19 203.00 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 391.35 203.00 Td (possible ) Tj ET Q q 0 0 0 rg BT 425.97 203.00 Td (following ) Tj ET Q q 0 0 0 rg BT 466.71 203.00 Td (such ) Tj ET Q q 0 0 0 rg BT 486.88 203.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 519.27 203.00 Td (of ) Tj ET Q q 0 0 0 rg BT 529.45 203.00 Td (Control, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 191.00 Td (but ) Tj ET Q q 0 0 0 rg BT 65.35 191.00 Td (in ) Tj ET Q q 0 0 0 rg BT 76.20 191.00 Td (no ) Tj ET Q q 0 0 0 rg BT 89.28 191.00 Td (event ) Tj ET Q q 0 0 0 rg BT 114.01 191.00 Td (later ) Tj ET Q q 0 0 0 rg BT 134.84 191.00 Td (than ) Tj ET Q q 0 0 0 rg BT 155.13 191.00 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 191.00 Td (15th ) Tj ET Q q 0 0 0 rg BT 191.28 191.00 Td (day ) Tj ET Q q 0 0 0 rg BT 208.79 191.00 Td (of ) Tj ET Q q 0 0 0 rg BT 220.19 191.00 Td (the ) Tj ET Q q 0 0 0 rg BT 235.48 191.00 Td (third ) Tj ET Q q 0 0 0 rg BT 257.44 191.00 Td (month ) Tj ET Q q 0 0 0 rg BT 286.07 191.00 Td (after ) Tj ET Q q 0 0 0 rg BT 307.46 191.00 Td (the ) Tj ET Q q 0 0 0 rg BT 322.75 191.00 Td (end ) Tj ET Q q 0 0 0 rg BT 340.27 191.00 Td (of ) Tj ET Q q 0 0 0 rg BT 351.67 191.00 Td (the ) Tj ET Q q 0 0 0 rg BT 366.96 191.00 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 405.67 191.00 Td (Y) Tj ET Q q 0 0 0 rg BT 411.89 191.00 Td (ear ) Tj ET Q q 0 0 0 rg BT 427.17 191.00 Td (in ) Tj ET Q q 0 0 0 rg BT 438.03 191.00 Td (which ) Tj ET Q q 0 0 0 rg BT 465.54 191.00 Td (such ) Tj ET Q q 0 0 0 rg BT 486.94 191.00 Td (Change ) Tj ET Q q 0 0 0 rg BT 520.56 191.00 Td (of ) Tj ET Q q 0 0 0 rg BT 531.97 191.00 Td (Control ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 179.00 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 80.60 179.00 Td (and ) Tj ET Q q 0 0 0 rg BT 97.54 179.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 127.81 179.00 Td (permanently ) Tj ET Q q 0 0 0 rg BT 180.29 179.00 Td (shall ) Tj ET Q q 0 0 0 rg BT 201.67 179.00 Td (forfeit ) Tj ET Q q 0 0 0 rg BT 229.16 179.00 Td (the ) Tj ET Q q 0 0 0 rg BT 243.88 179.00 Td (right ) Tj ET Q q 0 0 0 rg BT 265.26 179.00 Td (to ) Tj ET Q q 0 0 0 rg BT 275.54 179.00 Td (receive ) Tj ET Q q 0 0 0 rg BT 306.90 179.00 Td (any ) Tj ET Q q 0 0 0 rg BT 323.84 179.00 Td (other ) Tj ET Q q 0 0 0 rg BT 346.89 179.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 400.47 179.00 Td (Cash ) Tj ET Q q 0 0 0 rg BT 422.97 179.00 Td (under ) Tj ET Q q 0 0 0 rg BT 448.24 179.00 Td (this ) Tj ET Q q 0 0 0 rg BT 464.64 179.00 Td (A) Tj ET Q q 0 0 0 rg BT 470.94 179.00 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 155.00 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 153.43505859375 m 315.4658203125 153.43505859375 l s q 0 0 0 rg BT 85.50 155.00 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 155.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 119.30 155.00 Td (\(and ) Tj ET Q q 0 0 0 rg BT 141.26 155.00 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 180.50 155.00 Td (e\) ) Tj ET Q q 0 0 0 rg BT 190.77 155.00 Td (of ) Tj ET Q q 0 0 0 rg BT 201.60 155.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 235.77 155.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 293.79 155.00 Td (Cash) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 315.47 155.00 Td (. ) Tj ET Q q 0 0 0 rg BT 320.47 155.00 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 131.00 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 129.6669921875 m 246.0869140625 129.6669921875 l s q 0 0 0 rg BT 85.50 131.00 Td (No ) Tj ET Q q 0 0 0 rg BT 100.54 131.00 Td (Separation ) Tj ET Q q 0 0 0 rg BT 146.13 131.00 Td (Prior ) Tj ET Q q 0 0 0 rg BT 168.95 131.00 Td (to ) Tj ET Q q 0 0 0 rg BT 179.55 131.00 Td (the ) Tj ET Q q 0 0 0 rg BT 194.39 131.00 Td (V) Tj ET Q q 0 0 0 rg BT 200.50 131.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 227.21 131.00 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 246.09 131.00 Td (. ) Tj ET Q q 0 0 0 rg BT 251.41 131.00 Td ( ) Tj ET Q q 0 0 0 rg BT 254.23 131.00 Td (If ) Tj ET Q q 0 0 0 rg BT 263.71 131.00 Td (Holder ) Tj ET Q q 0 0 0 rg BT 294.30 131.00 Td (does ) Tj ET Q q 0 0 0 rg BT 315.46 131.00 Td (not ) Tj ET Q q 0 0 0 rg BT 331.06 131.00 Td (experience ) Tj ET Q q 0 0 0 rg BT 377.18 131.00 Td (a ) Tj ET Q q 0 0 0 rg BT 384.44 131.00 Td (Separation ) Tj ET Q q 0 0 0 rg BT 430.03 131.00 Td (prior ) Tj ET Q q 0 0 0 rg BT 452.29 131.00 Td (to ) Tj ET Q q 0 0 0 rg BT 462.89 131.00 Td (the ) Tj ET Q q 0 0 0 rg BT 477.72 131.00 Td (V) Tj ET Q q 0 0 0 rg BT 483.84 131.00 Td (esting ) Tj ET Q q 0 0 0 rg BT 510.55 131.00 Td (Date, ) Tj ET Q q 0 0 0 rg BT 534.75 131.00 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 119.00 Td (will ) Tj ET Q q 0 0 0 rg BT 67.56 119.00 Td (be ) Tj ET Q q 0 0 0 rg BT 79.50 119.00 Td (100% ) Tj ET Q q 0 0 0 rg BT 105.33 119.00 Td (vested ) Tj ET Q q 0 0 0 rg BT 133.37 119.00 Td (in ) Tj ET Q q 0 0 0 rg BT 143.65 119.00 Td (the ) Tj ET Q q 0 0 0 rg BT 158.37 119.00 Td (Earned ) Tj ET Q q 0 0 0 rg BT 189.18 119.00 Td (Performance ) Tj ET Q q 0 0 0 rg BT 242.77 119.00 Td (Cash. ) Tj ET Q endstream endobj 255 0 obj <> endobj 256 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 740.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 738.9169921875 m 186.203125 738.9169921875 l s q 0 0 0 rg BT 85.50 740.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 133.49 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 139.60 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 167.33 740.25 Td (Date) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.20 740.25 Td (. ) Tj ET Q q 0 0 0 rg BT 192.54 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 196.38 740.25 Td (In ) Tj ET Q q 0 0 0 rg BT 208.55 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 224.60 740.25 Td (event ) Tj ET Q q 0 0 0 rg BT 250.09 740.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 281.70 740.25 Td (reaches ) Tj ET Q q 0 0 0 rg BT 315.51 740.25 Td (his ) Tj ET Q q 0 0 0 rg BT 331.02 740.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 379.01 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 385.12 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 412.84 740.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 435.56 740.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 458.83 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 470.45 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 486.23 740.25 Td (V) Tj ET Q q 0 0 0 rg BT 492.34 740.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 520.06 740.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 545.28 740.25 Td (then ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (irrespective ) Tj ET Q q 0 0 0 rg BT 99.96 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 112.12 728.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 148.14 728.25 Td (or ) Tj ET Q q 0 0 0 rg BT 160.30 728.25 Td (not ) Tj ET Q q 0 0 0 rg BT 176.90 728.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 208.49 728.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 259.50 728.25 Td (a ) Tj ET Q q 0 0 0 rg BT 267.76 728.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 314.35 728.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 337.61 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 349.21 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 364.97 728.25 Td (V) Tj ET Q q 0 0 0 rg BT 371.09 728.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 398.80 728.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 424.00 728.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 455.59 728.25 Td (will ) Tj ET Q q 0 0 0 rg BT 474.96 728.25 Td (be ) Tj ET Q q 0 0 0 rg BT 488.23 728.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 522.04 728.25 Td (to ) Tj ET Q q 0 0 0 rg BT 533.64 728.25 Td (receive ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 102.98 716.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 125.38 716.25 Td (in ) Tj ET Q q 0 0 0 rg BT 135.55 716.25 Td (an ) Tj ET Q q 0 0 0 rg BT 147.39 716.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 179.78 716.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 203.84 716.25 Td (to ) Tj ET Q q 0 0 0 rg BT 214.01 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 228.63 716.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 261.02 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 271.75 716.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 302.46 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 355.94 716.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 378.34 716.25 Td (on ) Tj ET Q q 0 0 0 rg BT 390.74 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 405.18 716.25 Td (V) Tj ET Q q 0 0 0 rg BT 411.29 716.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 437.57 716.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 458.85 716.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 489.01 716.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 542.50 716.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (will ) Tj ET Q q 0 0 0 rg BT 67.59 704.25 Td (be ) Tj ET Q q 0 0 0 rg BT 79.56 704.25 Td (delivered ) Tj ET Q q 0 0 0 rg BT 119.30 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 129.61 704.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 159.91 704.25 Td (on ) Tj ET Q q 0 0 0 rg BT 172.44 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.19 704.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 224.71 704.25 Td (Date\), ) Tj ET Q q 0 0 0 rg BT 251.95 704.25 Td (without ) Tj ET Q q 0 0 0 rg BT 285.04 704.25 Td (any ) Tj ET Q q 0 0 0 rg BT 302.01 704.25 Td (right ) Tj ET Q q 0 0 0 rg BT 323.43 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 333.75 704.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 365.14 704.25 Td (any ) Tj ET Q q 0 0 0 rg BT 382.11 704.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 424.64 704.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 478.25 704.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 500.79 704.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 537.76 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 548.07 704.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 692.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 79.74 692.25 Td (and ) Tj ET Q q 0 0 0 rg BT 95.62 692.25 Td (without ) Tj ET Q q 0 0 0 rg BT 127.63 692.25 Td (any ) Tj ET Q q 0 0 0 rg BT 143.51 692.25 Td (proration ) Tj ET Q q 0 0 0 rg BT 181.61 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 191.38 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 205.05 692.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 236.49 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 246.26 692.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 298.79 692.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 320.24 692.25 Td (earned ) Tj ET Q q 0 0 0 rg BT 348.33 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 357.55 692.25 Td (such ) Tj ET Q q 0 0 0 rg BT 377.33 692.25 Td (circumstances. ) Tj ET Q q 0 0 0 rg BT 437.91 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 439.36 692.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 507.47 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 521.13 692.25 Td (foregoing, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.89 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.71 680.25 Td (event ) Tj ET Q q 0 0 0 rg BT 98.97 680.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 129.35 680.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 179.15 680.25 Td (a ) Tj ET Q q 0 0 0 rg BT 186.19 680.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 231.57 680.25 Td (after ) Tj ET Q q 0 0 0 rg BT 252.49 680.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 280.63 680.25 Td () Tj ET Q q 0 0 0 rg BT 283.41 680.25 Td (s ) Tj ET Q q 0 0 0 rg BT 289.91 680.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 336.75 680.25 Td (V) Tj ET Q q 0 0 0 rg BT 342.87 680.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 369.36 680.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 390.84 680.25 Td (but ) Tj ET Q q 0 0 0 rg BT 406.23 680.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.39 680.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 447.00 680.25 Td (months ) Tj ET Q q 0 0 0 rg BT 479.06 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 490.00 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 504.82 680.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 526.30 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 537.24 680.25 Td (Grant, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (all ) Tj ET Q q 0 0 0 rg BT 62.00 668.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 87.27 668.25 Td (to ) Tj ET Q q 0 0 0 rg BT 97.55 668.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 128.91 668.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 182.50 668.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 205.00 668.25 Td (under ) Tj ET Q q 0 0 0 rg BT 230.27 668.25 Td (this ) Tj ET Q q 0 0 0 rg BT 246.66 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 252.97 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 275.46 668.25 Td (will ) Tj ET Q q 0 0 0 rg BT 293.51 668.25 Td (be ) Tj ET Q q 0 0 0 rg BT 305.45 668.25 Td (forfeited.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 85.5 642.9169921875 m 125.4853515625 642.9169921875 l s q 0 0 0 rg BT 85.50 644.25 Td (Forfeiture) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.49 644.25 Td (. ) Tj ET Q q 0 0 0 rg BT 130.36 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 132.73 644.25 Td (Except ) Tj ET Q q 0 0 0 rg BT 162.87 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 173.02 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 187.61 644.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 214.42 644.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 254.56 644.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 292.48 644.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.63 644.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 340.00 644.25 Td (7\(b\) ) Tj ET Q q 0 0 0 rg BT 359.60 644.25 Td (and ) Tj ET Q q 0 0 0 rg BT 378.09 644.25 Td (7\(c\) ) Tj ET Q q 0 0 0 rg BT 396.56 644.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 408.38 644.25 Td (or) Tj ET Q q 0 0 0 rg BT 417.63 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 420.01 644.25 Td (\(ii\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 432.22 644.25 Td (, ) Tj ET Q q 0 0 0 rg BT 437.10 644.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 467.24 644.25 Td (permanently ) Tj ET Q q 0 0 0 rg BT 519.59 644.25 Td (will ) Tj ET Q q 0 0 0 rg BT 537.52 644.25 Td (forfeit ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 61.64 632.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 86.56 632.25 Td (with ) Tj ET Q q 0 0 0 rg BT 106.49 632.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 136.95 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 146.87 632.25 Td (all ) Tj ET Q q 0 0 0 rg BT 159.01 632.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 212.24 632.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 234.38 632.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 256.53 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 270.89 632.25 Td (date ) Tj ET Q q 0 0 0 rg BT 289.69 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 300.17 632.25 Td (his ) Tj ET Q q 0 0 0 rg BT 313.98 632.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 361.39 632.25 Td (if ) Tj ET Q q 0 0 0 rg BT 369.64 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 390.12 632.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 435.03 632.25 Td (occurs ) Tj ET Q q 0 0 0 rg BT 463.27 632.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 484.85 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.78 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 508.98 632.25 Td (V) Tj ET Q q 0 0 0 rg BT 515.10 632.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 541.13 632.25 Td (Date. ) Tj ET Q q 0 0 0 rg BT 565.01 632.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 608.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 97.44 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 99.94 608.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 606.9169921875 m 145.376953125 606.9169921875 l s q 0 0 0 rg BT 121.50 608.25 Td (Death) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 145.38 608.25 Td (. ) Tj ET Q q 0 0 0 rg BT 150.60 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 153.32 608.25 Td (If ) Tj ET Q q 0 0 0 rg BT 162.70 608.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 193.19 608.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 243.11 608.25 Td (a ) Tj ET Q q 0 0 0 rg BT 250.27 608.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 295.76 608.25 Td (by ) Tj ET Q q 0 0 0 rg BT 308.48 608.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 337.30 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.35 608.25 Td (death ) Tj ET Q q 0 0 0 rg BT 372.73 608.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 394.89 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 405.39 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 420.33 608.25 Td (last ) Tj ET Q q 0 0 0 rg BT 436.94 608.25 Td (day ) Tj ET Q q 0 0 0 rg BT 454.10 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 465.15 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 480.09 608.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 533.90 608.25 Td (Period, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 596.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 113.64 596.25 Td () Tj ET Q q 0 0 0 rg BT 116.42 596.25 Td (s ) Tj ET Q q 0 0 0 rg BT 122.83 596.25 Td (Beneficiary ) Tj ET Q q 0 0 0 rg BT 172.00 596.25 Td (will ) Tj ET Q q 0 0 0 rg BT 190.08 596.25 Td (not ) Tj ET Q q 0 0 0 rg BT 205.38 596.25 Td (be ) Tj ET Q q 0 0 0 rg BT 217.35 596.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 249.86 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.16 596.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 291.55 596.25 Td (any ) Tj ET Q q 0 0 0 rg BT 308.51 596.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 341.03 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 351.89 596.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 405.50 596.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 428.02 596.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 464.98 596.25 Td (to ) Tj ET Q q 0 0 0 rg BT 475.29 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 491.70 596.25 Td (A) Tj ET Q q 0 0 0 rg BT 498.00 596.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 523.02 596.25 Td ( ) Tj ET Q q 0 0 0 rg BT 525.54 596.25 Td (If ) Tj ET Q q 0 0 0 rg BT 534.73 596.25 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 135.88 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 143.50 584.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 189.45 584.25 Td (by ) Tj ET Q q 0 0 0 rg BT 202.63 584.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 231.91 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 243.42 584.25 Td (death ) Tj ET Q q 0 0 0 rg BT 268.26 584.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 290.89 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 301.85 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.02 584.25 Td (V) Tj ET Q q 0 0 0 rg BT 323.13 584.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 350.20 584.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 372.26 584.25 Td (but ) Tj ET Q q 0 0 0 rg BT 388.22 584.25 Td (on ) Tj ET Q q 0 0 0 rg BT 401.41 584.25 Td (or ) Tj ET Q q 0 0 0 rg BT 412.92 584.25 Td (after ) Tj ET Q q 0 0 0 rg BT 434.42 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 449.82 584.25 Td (last ) Tj ET Q q 0 0 0 rg BT 466.89 584.25 Td (day ) Tj ET Q q 0 0 0 rg BT 484.51 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.03 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.43 584.25 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 572.25 Td (Period, ) Tj ET Q q 0 0 0 rg BT 116.26 572.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 144.40 572.25 Td () Tj ET Q q 0 0 0 rg BT 147.17 572.25 Td (s ) Tj ET Q q 0 0 0 rg BT 153.21 572.25 Td (Beneficiary ) Tj ET Q q 0 0 0 rg BT 202.00 572.25 Td (will ) Tj ET Q q 0 0 0 rg BT 219.71 572.25 Td (be ) Tj ET Q q 0 0 0 rg BT 231.30 572.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 263.43 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 273.36 572.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 304.37 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.74 572.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 350.88 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 361.36 572.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 391.82 572.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 445.06 572.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 467.20 572.25 Td (based ) Tj ET Q q 0 0 0 rg BT 492.12 572.25 Td (on ) Tj ET Q q 0 0 0 rg BT 504.27 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 518.63 572.25 Td (calculation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 95.72 560.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 129.28 560.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 134.28 560.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.73 560.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 164.16 560.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 184.37 560.25 Td (does ) Tj ET Q q 0 0 0 rg BT 205.15 560.25 Td (not ) Tj ET Q q 0 0 0 rg BT 220.37 560.25 Td (have ) Tj ET Q q 0 0 0 rg BT 241.70 560.25 Td (any ) Tj ET Q q 0 0 0 rg BT 258.58 560.25 Td (right ) Tj ET Q q 0 0 0 rg BT 279.91 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 290.14 560.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 321.45 560.25 Td (any ) Tj ET Q q 0 0 0 rg BT 338.33 560.25 Td (other ) Tj ET Q q 0 0 0 rg BT 361.33 560.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 414.86 560.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 437.30 560.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 474.19 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.41 560.25 Td (this ) Tj ET Q q 0 0 0 rg BT 500.77 560.25 Td (A) Tj ET Q q 0 0 0 rg BT 507.07 560.25 Td (ward\) ) Tj ET Q q 0 0 0 rg BT 532.84 560.25 Td (as ) Tj ET Q q 0 0 0 rg BT 543.61 560.25 Td (soon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 96.33 548.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 142.15 548.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 179.92 548.25 Td (but ) Tj ET Q q 0 0 0 rg BT 195.20 548.25 Td (in ) Tj ET Q q 0 0 0 rg BT 205.48 548.25 Td (no ) Tj ET Q q 0 0 0 rg BT 217.98 548.25 Td (event ) Tj ET Q q 0 0 0 rg BT 242.14 548.25 Td (more ) Tj ET Q q 0 0 0 rg BT 265.18 548.25 Td (than ) Tj ET Q q 0 0 0 rg BT 284.90 548.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 297.40 548.25 Td (days ) Tj ET Q q 0 0 0 rg BT 318.23 548.25 Td (after ) Tj ET Q q 0 0 0 rg BT 339.04 548.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 367.18 548.25 Td () Tj ET Q q 0 0 0 rg BT 369.96 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 376.35 548.25 Td (death.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 524.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 100.22 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 102.72 524.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 522.9169921875 m 160.61865234375 522.9169921875 l s q 0 0 0 rg BT 121.50 524.25 Td (Disability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 160.29 524.25 Td (. ) Tj ET Q q 0 0 0 rg BT 165.44 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 168.09 524.25 Td (If ) Tj ET Q q 0 0 0 rg BT 177.39 524.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 207.81 524.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 257.65 524.25 Td (a ) Tj ET Q q 0 0 0 rg BT 264.73 524.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 310.14 524.25 Td (by ) Tj ET Q q 0 0 0 rg BT 322.79 524.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 351.53 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.51 524.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 404.60 524.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 426.69 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 437.11 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.97 524.25 Td (last ) Tj ET Q q 0 0 0 rg BT 468.51 524.25 Td (day ) Tj ET Q q 0 0 0 rg BT 485.59 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 496.57 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.43 524.25 Td (Performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 512.25 Td (Period, ) Tj ET Q q 0 0 0 rg BT 116.71 512.25 Td (neither ) Tj ET Q q 0 0 0 rg BT 147.08 512.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 177.45 512.25 Td (nor ) Tj ET Q q 0 0 0 rg BT 193.38 512.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 221.52 512.25 Td () Tj ET Q q 0 0 0 rg BT 224.29 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 230.79 512.25 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 276.78 512.25 Td (, ) Tj ET Q q 0 0 0 rg BT 281.88 512.25 Td (as ) Tj ET Q q 0 0 0 rg BT 292.81 512.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 339.00 512.25 Td (are ) Tj ET Q q 0 0 0 rg BT 353.81 512.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 386.40 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 396.78 512.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 428.25 512.25 Td (any ) Tj ET Q q 0 0 0 rg BT 445.29 512.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 477.88 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 488.82 512.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 542.50 512.25 Td (Cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 122.81 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 133.46 500.25 Td (this ) Tj ET Q q 0 0 0 rg BT 150.14 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 156.45 500.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 181.81 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 184.68 500.25 Td (If ) Tj ET Q q 0 0 0 rg BT 194.21 500.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 224.84 500.25 Td (experiences ) Tj ET Q q 0 0 0 rg BT 274.91 500.25 Td (a ) Tj ET Q q 0 0 0 rg BT 282.22 500.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 327.85 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 340.72 500.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 369.69 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.89 500.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 423.20 500.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 445.51 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.16 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 471.04 500.25 Td (V) Tj ET Q q 0 0 0 rg BT 477.15 500.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 503.91 500.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 525.66 500.25 Td (but ) Tj ET Q q 0 0 0 rg BT 541.30 500.25 Td (on ) Tj ET Q q 0 0 0 rg BT 554.17 500.25 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (after ) Tj ET Q q 0 0 0 rg BT 106.07 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.53 488.25 Td (last ) Tj ET Q q 0 0 0 rg BT 136.67 488.25 Td (day ) Tj ET Q q 0 0 0 rg BT 153.36 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.94 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 178.40 488.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 231.74 488.25 Td (Period, ) Tj ET Q q 0 0 0 rg BT 262.60 488.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 292.62 488.25 Td (or ) Tj ET Q q 0 0 0 rg BT 303.20 488.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 331.33 488.25 Td () Tj ET Q q 0 0 0 rg BT 334.11 488.25 Td (s ) Tj ET Q q 0 0 0 rg BT 340.25 488.25 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 386.25 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 391.00 488.25 Td (as ) Tj ET Q q 0 0 0 rg BT 401.58 488.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 447.42 488.25 Td (will ) Tj ET Q q 0 0 0 rg BT 465.22 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 476.91 488.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 509.15 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 519.18 488.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 550.29 488.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 117.74 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.32 476.25 Td (Earned ) Tj ET Q q 0 0 0 rg BT 158.89 476.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 212.22 476.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 234.47 476.25 Td (based ) Tj ET Q q 0 0 0 rg BT 259.48 476.25 Td (on ) Tj ET Q q 0 0 0 rg BT 271.73 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 286.20 476.25 Td (calculation ) Tj ET Q q 0 0 0 rg BT 332.31 476.25 Td (in ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.34 476.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 375.70 476.25 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 380.70 476.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.95 476.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 410.18 476.25 Td (\(without ) Tj ET Q q 0 0 0 rg BT 446.32 476.25 Td (any ) Tj ET Q q 0 0 0 rg BT 463.00 476.25 Td (right ) Tj ET Q q 0 0 0 rg BT 484.14 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 494.16 476.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 525.28 476.25 Td (any ) Tj ET Q q 0 0 0 rg BT 541.96 476.25 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 464.25 Td (Performance ) Tj ET Q q 0 0 0 rg BT 139.30 464.25 Td (Cash ) Tj ET Q q 0 0 0 rg BT 162.02 464.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 199.18 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 209.68 464.25 Td (this ) Tj ET Q q 0 0 0 rg BT 226.25 464.25 Td (A) Tj ET Q q 0 0 0 rg BT 232.55 464.25 Td (ward\) ) Tj ET Q q 0 0 0 rg BT 258.59 464.25 Td (as ) Tj ET Q q 0 0 0 rg BT 269.64 464.25 Td (soon ) Tj ET Q q 0 0 0 rg BT 291.25 464.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.30 464.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 348.34 464.25 Td (possible, ) Tj ET Q q 0 0 0 rg BT 386.34 464.25 Td (but ) Tj ET Q q 0 0 0 rg BT 401.83 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 412.33 464.25 Td (no ) Tj ET Q q 0 0 0 rg BT 425.05 464.25 Td (event ) Tj ET Q q 0 0 0 rg BT 449.43 464.25 Td (later ) Tj ET Q q 0 0 0 rg BT 469.91 464.25 Td (than ) Tj ET Q q 0 0 0 rg BT 489.85 464.25 Td (60 ) Tj ET Q q 0 0 0 rg BT 502.57 464.25 Td (days ) Tj ET Q q 0 0 0 rg BT 523.62 464.25 Td (following ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 100.04 452.25 Td (V) Tj ET Q q 0 0 0 rg BT 106.15 452.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 132.54 452.25 Td (Date.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (\(iii\) ) Tj ET Q BT /F1 10.00 Tf ET 0 0 0 RG /GS0 gs 0.49 w 0 i [] 0 d 1 J 1 j 3 M 121.5 426.9169921875 m 260.9287109375 426.9169921875 l s q 0 0 0 rg BT 121.50 428.25 Td (Post Separation Change of Control) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.93 428.25 Td (. If there is a Post Separation Change of Control, Holder will not be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 416.25 Td (entitled to receive any amount of Performance Cash pursuant to this ) Tj ET Q q 0 0 0 rg BT 359.59 416.25 Td (A) Tj ET Q q 0 0 0 rg BT 365.90 416.25 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 390.68505859375 m 139.23046875 390.68505859375 l s q 0 0 0 rg BT 85.50 392.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 392.25 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.23 392.25 Td (. ) Tj ET Q q 0 0 0 rg BT 146.55 392.25 Td (The Company will reduce the amount payable, if any) Tj ET Q q 0 0 0 rg BT 358.89 392.25 Td (, pursuant to this ) Tj ET Q q 0 0 0 rg BT 427.50 392.25 Td (A) Tj ET Q q 0 0 0 rg BT 433.81 392.25 Td (ward by all applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (withholding, including federal, state, local and foreign tax withholding as well as any other deductions applicable to payments ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (pursuant to this ) Tj ET Q q 0 0 0 rg BT 113.11 368.25 Td (A) Tj ET Q q 0 0 0 rg BT 119.42 368.25 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 342.68505859375 m 195.509765625 342.68505859375 l s q 0 0 0 rg BT 85.50 344.25 Td ([Intentionally Left Blank]) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 318.68505859375 m 151.0615234375 318.68505859375 l s q 0 0 0 rg BT 85.50 320.25 Td (Administration) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.06 320.25 Td (. ) Tj ET Q q 0 0 0 rg BT 158.38 320.25 Td (W) Tj ET Q q 0 0 0 rg BT 167.42 320.25 Td (ithout limiting the generality of the Committee) Tj ET Q q 0 0 0 rg BT 357.38 320.25 Td (s rights, duties and obligations under the Plan, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (Committee shall have the following specific rights, duties and obligations with respect to this ) Tj ET Q q 0 0 0 rg BT 424.71 308.25 Td (A) Tj ET Q q 0 0 0 rg BT 431.02 308.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 458.33 308.25 Td (W) Tj ET Q q 0 0 0 rg BT 467.37 308.25 Td (ithout limitation, the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (Committee shall interpret conclusively the provisions of the ) Tj ET Q q 0 0 0 rg BT 291.12 296.25 Td (A) Tj ET Q q 0 0 0 rg BT 297.42 296.25 Td (ward, adopt such rules and regulations for carrying out the ) Tj ET Q q 0 0 0 rg BT 533.19 296.25 Td (A) Tj ET Q q 0 0 0 rg BT 539.50 296.25 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (as it may deem advisable, decide conclusively all questions of fact arising in the application of the ) Tj ET Q q 0 0 0 rg BT 444.38 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 450.69 284.25 Td (ward, certify the extent to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (which the Performance Criteria has been satisfied and the Performance Percentage earned, exercise its right to reduce the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (Performance Percentage, and make all other determinations and take all other actions necessary or desirable for the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (administration of the ) Tj ET Q q 0 0 0 rg BT 134.76 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 141.07 248.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 168.38 248.25 Td (The Committee is authorized to change any of the terms or conditions of the ) Tj ET Q q 0 0 0 rg BT 475.52 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 481.82 248.25 Td (ward in order to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (take into account any material unanticipated change in the Company) Tj ET Q q 0 0 0 rg BT 326.35 236.25 Td (s or a Peer Company) Tj ET Q q 0 0 0 rg BT 412.44 236.25 Td (s operations, corporate structure, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (assets, or similar change, but only to the extent such action carries out the original purpose, intent and objectives of the ) Tj ET Q q 0 0 0 rg BT 527.15 224.25 Td (A) Tj ET Q q 0 0 0 rg BT 533.46 224.25 Td (ward, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (and, to the extent the ) Tj ET Q q 0 0 0 rg BT 135.03 212.25 Td (A) Tj ET Q q 0 0 0 rg BT 141.34 212.25 Td (ward is intended to qualify as performance based under Section 162\(m\) of the Internal Revenue Code, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.25 Td (does not af) Tj ET Q q 0 0 0 rg BT 93.20 200.25 Td (fect such qualification. ) Tj ET Q q 0 0 0 rg BT 189.00 200.25 Td (All decisions and acts of the Committee shall be final and binding upon Holder and all other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.25 Td (af) Tj ET Q q 0 0 0 rg BT 57.09 188.25 Td (fected parties. ) Tj ET Q q 0 0 0 rg BT 117.99 188.25 Td (The Committee, without limitation, may delegate all of what, in its sole discretion, it determines to be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 176.25 Td (ministerial duties to an administrator; provided, further) Tj ET Q q 0 0 0 rg BT 269.32 176.25 Td (, that the ) Tj ET Q endstream endobj 257 0 obj <> endobj 258 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (6) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (determinations under) Tj ET Q q 0 0 0 rg BT 133.80 740.10 Td (, and the interpretations of, any provision of the ) Tj ET Q q 0 0 0 rg BT 326.25 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 332.56 740.10 Td (ward by the Committee shall, in all cases, be in its sole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (discretion, and shall be final and conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 704.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 702.53505859375 m 134.09619140625 702.53505859375 l s q 0 0 0 rg BT 85.50 704.10 Td (Beneficiary) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 133.82 704.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.32 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 139.15 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 141.97 704.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 170.11 704.10 Td () Tj ET Q q 0 0 0 rg BT 172.89 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 179.60 704.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 205.21 704.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 248.01 704.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 269.72 704.10 Td (be ) Tj ET Q q 0 0 0 rg BT 281.98 704.10 Td (exercisable ) Tj ET Q q 0 0 0 rg BT 329.78 704.10 Td (during ) Tj ET Q q 0 0 0 rg BT 358.71 704.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 386.85 704.10 Td () Tj ET Q q 0 0 0 rg BT 389.63 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 396.34 704.10 Td (lifetime ) Tj ET Q q 0 0 0 rg BT 430.27 704.10 Td (only ) Tj ET Q q 0 0 0 rg BT 450.87 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 463.70 704.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 494.29 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 505.44 704.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 533.58 704.10 Td () Tj ET Q q 0 0 0 rg BT 536.36 704.10 Td (s ) Tj ET Q q 0 0 0 rg BT 543.08 704.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (representative. ) Tj ET Q q 0 0 0 rg BT 111.69 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 115.30 692.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 146.68 692.10 Td (may ) Tj ET Q q 0 0 0 rg BT 167.51 692.10 Td (file ) Tj ET Q q 0 0 0 rg BT 184.45 692.10 Td (with ) Tj ET Q q 0 0 0 rg BT 205.84 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.67 692.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 269.72 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 277.77 692.10 Td (written ) Tj ET Q q 0 0 0 rg BT 309.71 692.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 359.43 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.37 692.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 419.95 692.10 Td (\(such ) Tj ET Q q 0 0 0 rg BT 445.22 692.10 Td (person\(s\) ) Tj ET Q q 0 0 0 rg BT 486.05 692.10 Td (being ) Tj ET Q q 0 0 0 rg BT 511.88 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.71 692.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.85 692.10 Td () Tj ET Q q 0 0 0 rg BT 558.62 692.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 53.94 680.10 Td (Beneficiary) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 102.81 680.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 114.49 680.10 Td (on ) Tj ET Q q 0 0 0 rg BT 125.90 680.10 Td (such ) Tj ET Q q 0 0 0 rg BT 145.64 680.10 Td (form ) Tj ET Q q 0 0 0 rg BT 166.49 680.10 Td (as ) Tj ET Q q 0 0 0 rg BT 176.23 680.10 Td (may ) Tj ET Q q 0 0 0 rg BT 194.86 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 205.71 680.10 Td (prescribed ) Tj ET Q q 0 0 0 rg BT 248.77 680.10 Td (by ) Tj ET Q q 0 0 0 rg BT 260.18 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.81 680.10 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 322.16 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 323.57 680.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 352.75 680.10 Td (may) Tj ET Q q 0 0 0 rg BT 369.31 680.10 Td (, ) Tj ET Q q 0 0 0 rg BT 373.23 680.10 Td (from ) Tj ET Q q 0 0 0 rg BT 394.08 680.10 Td (time ) Tj ET Q q 0 0 0 rg BT 413.26 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 422.45 680.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 444.13 680.10 Td (amend ) Tj ET Q q 0 0 0 rg BT 472.20 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 481.94 680.10 Td (revoke ) Tj ET Q q 0 0 0 rg BT 510.56 680.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.41 680.10 Td (designation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 668.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 106.32 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 111.32 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 113.82 668.10 Td (If ) Tj ET Q q 0 0 0 rg BT 122.98 668.10 Td (no ) Tj ET Q q 0 0 0 rg BT 135.48 668.10 Td (designated ) Tj ET Q q 0 0 0 rg BT 180.75 668.10 Td (Beneficiary ) Tj ET Q q 0 0 0 rg BT 229.89 668.10 Td (survives ) Tj ET Q q 0 0 0 rg BT 265.72 668.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 293.08 668.10 Td (, ) Tj ET Q q 0 0 0 rg BT 298.08 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.80 668.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 340.94 668.10 Td () Tj ET Q q 0 0 0 rg BT 343.72 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 350.11 668.10 Td (estate ) Tj ET Q q 0 0 0 rg BT 375.37 668.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 396.76 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 408.70 668.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 442.29 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 452.57 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 464.51 668.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 492.65 668.10 Td () Tj ET Q q 0 0 0 rg BT 495.43 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 501.82 668.10 Td (Beneficiary) Tj ET Q q 0 0 0 rg BT 547.81 668.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 642.53505859375 m 198.87841796875 642.53505859375 l s q 0 0 0 rg BT 85.50 644.10 Td (Adjustments ) Tj ET Q q 0 0 0 rg BT 142.23 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 152.84 644.10 Td (this ) Tj ET Q q 0 0 0 rg BT 170.18 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 176.66 644.10 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.88 644.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 201.38 644.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 203.66 644.10 Td (In ) Tj ET Q q 0 0 0 rg BT 214.26 644.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 249.31 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 259.37 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 276.08 644.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 326.13 644.10 Td (under ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 351.18 644.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 384.56 644.10 Td (5) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 389.56 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 391.84 644.10 Td (herein, ) Tj ET Q q 0 0 0 rg BT 421.60 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 431.66 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 446.15 644.10 Td (event ) Tj ET Q q 0 0 0 rg BT 470.08 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 480.69 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 497.41 644.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 534.68 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 545.29 644.10 Td (split ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 61.29 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.97 632.10 Td (primary ) Tj ET Q q 0 0 0 rg BT 112.08 632.10 Td (common ) Tj ET Q q 0 0 0 rg BT 150.54 632.10 Td (equity ) Tj ET Q q 0 0 0 rg BT 178.99 632.10 Td (security ) Tj ET Q q 0 0 0 rg BT 214.10 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.89 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.57 632.10 Td (Company) Tj ET Q q 0 0 0 rg BT 279.81 632.10 Td (, ) Tj ET Q q 0 0 0 rg BT 285.77 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 297.56 632.10 Td (recapitalization ) Tj ET Q q 0 0 0 rg BT 362.65 632.10 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 409.71 632.10 Td (but ) Tj ET Q q 0 0 0 rg BT 425.95 632.10 Td (not ) Tj ET Q q 0 0 0 rg BT 442.19 632.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 473.98 632.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 487.71 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 503.39 632.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 541.28 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 632.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (extraordinary ) Tj ET Q q 0 0 0 rg BT 107.23 620.10 Td (dividend\), ) Tj ET Q q 0 0 0 rg BT 151.92 620.10 Td (mer) Tj ET Q q 0 0 0 rg BT 167.29 620.10 Td (ger) Tj ET Q q 0 0 0 rg BT 179.66 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 186.02 620.10 Td (consolidation, ) Tj ET Q q 0 0 0 rg BT 246.27 620.10 Td (combination, ) Tj ET Q q 0 0 0 rg BT 302.63 620.10 Td (spin-of) Tj ET Q q 0 0 0 rg BT 330.78 620.10 Td (f, ) Tj ET Q q 0 0 0 rg BT 340.47 620.10 Td (distribution ) Tj ET Q q 0 0 0 rg BT 390.45 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 402.65 620.10 Td (assets ) Tj ET Q q 0 0 0 rg BT 429.85 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 441.49 620.10 Td (stockholders ) Tj ET Q q 0 0 0 rg BT 495.91 620.10 Td (\(other ) Tj ET Q q 0 0 0 rg BT 523.65 620.10 Td (than ) Tj ET Q q 0 0 0 rg BT 544.73 620.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (dividends\), ) Tj ET Q q 0 0 0 rg BT 96.37 608.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 136.28 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.76 608.10 Td (such ) Tj ET Q q 0 0 0 rg BT 167.24 608.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 196.88 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 207.37 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.06 608.10 Td (similar ) Tj ET Q q 0 0 0 rg BT 259.99 608.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 299.90 608.10 Td (change, ) Tj ET Q q 0 0 0 rg BT 332.86 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 352.79 608.10 Td (regard ) Tj ET Q q 0 0 0 rg BT 380.48 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 390.42 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 404.78 608.10 Td (Company) Tj ET Q q 0 0 0 rg BT 443.02 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 447.67 608.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 495.36 608.10 Td (adjustments ) Tj ET Q q 0 0 0 rg BT 545.28 608.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 596.10 Td (made ) Tj ET Q q 0 0 0 rg BT 85.59 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.87 596.10 Td (this ) Tj ET Q q 0 0 0 rg BT 112.27 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 118.57 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 141.06 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 151.34 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 158.28 596.10 Td (manner ) Tj ET Q q 0 0 0 rg BT 190.76 596.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 224.36 596.10 Td (equitable ) Tj ET Q q 0 0 0 rg BT 263.51 596.10 Td (by ) Tj ET Q q 0 0 0 rg BT 276.01 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.73 596.10 Td (Committee.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 570.53505859375 m 220.0673828125 570.53505859375 l s q 0 0 0 rg BT 85.50 572.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 115.68 572.10 Td () Tj ET Q q 0 0 0 rg BT 118.63 572.10 Td (s ) Tj ET Q q 0 0 0 rg BT 124.96 572.10 Td (Access ) Tj ET Q q 0 0 0 rg BT 156.40 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 167.85 572.10 Td (Information) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 220.07 572.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 222.57 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 225.69 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 228.12 572.10 Td (As ) Tj ET Q q 0 0 0 rg BT 242.35 572.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 264.36 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 275.81 572.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 322.24 572.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 358.14 572.10 Td (after ) Tj ET Q q 0 0 0 rg BT 379.58 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.91 572.10 Td (close ) Tj ET Q q 0 0 0 rg BT 418.58 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 430.03 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.36 572.10 Td (preceding ) Tj ET Q q 0 0 0 rg BT 487.91 572.10 Td (Calendar ) Tj ET Q q 0 0 0 rg BT 526.66 572.10 Td (Y) Tj ET Q q 0 0 0 rg BT 532.88 572.10 Td (ear) Tj ET Q q 0 0 0 rg BT 544.68 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 550.30 572.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 95.43 560.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 115.81 560.10 Td (make ) Tj ET Q q 0 0 0 rg BT 138.96 560.10 Td (all ) Tj ET Q q 0 0 0 rg BT 150.44 560.10 Td (relevant ) Tj ET Q q 0 0 0 rg BT 184.14 560.10 Td (annually ) Tj ET Q q 0 0 0 rg BT 220.06 560.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 266.53 560.10 Td (calculations ) Tj ET Q q 0 0 0 rg BT 315.78 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 331.71 560.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 392.63 560.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 432.21 560.10 Td (, ) Tj ET Q q 0 0 0 rg BT 436.20 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 452.13 560.10 Td (will ) Tj ET Q q 0 0 0 rg BT 469.18 560.10 Td (furnish ) Tj ET Q q 0 0 0 rg BT 499.00 560.10 Td (all ) Tj ET Q q 0 0 0 rg BT 510.49 560.10 Td (such ) Tj ET Q q 0 0 0 rg BT 530.31 560.10 Td (relevant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (information ) Tj ET Q q 0 0 0 rg BT 98.96 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 108.98 548.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 138.99 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 149.56 548.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 170.70 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 181.27 548.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 226.83 548.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 261.85 548.10 Td (following ) Tj ET Q q 0 0 0 rg BT 302.98 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.44 548.10 Td (date ) Tj ET Q q 0 0 0 rg BT 336.34 548.10 Td (on ) Tj ET Q q 0 0 0 rg BT 348.59 548.10 Td (which ) Tj ET Q q 0 0 0 rg BT 375.27 548.10 Td (all, ) Tj ET Q q 0 0 0 rg BT 390.01 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 400.58 548.10 Td (a ) Tj ET Q q 0 0 0 rg BT 407.26 548.10 Td (substantial ) Tj ET Q q 0 0 0 rg BT 452.28 548.10 Td (majority) Tj ET Q q 0 0 0 rg BT 485.51 548.10 Td (, ) Tj ET Q q 0 0 0 rg BT 490.26 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 500.83 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 515.29 548.10 Td (information ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.67 536.10 Td (available.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (14. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 510.53505859375 m 186.291015625 510.53505859375 l s q 0 0 0 rg BT 85.50 512.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.08 512.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.01 512.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 143.54 512.10 Td (Permitted) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 186.29 512.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.79 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 191.33 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 193.69 512.10 Td (The ) Tj ET Q q 0 0 0 rg BT 211.78 512.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 237.09 512.10 Td (under ) Tj ET Q q 0 0 0 rg BT 262.40 512.10 Td (this ) Tj ET Q q 0 0 0 rg BT 278.83 512.10 Td (A) Tj ET Q q 0 0 0 rg BT 285.14 512.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 307.67 512.10 Td (are ) Tj ET Q q 0 0 0 rg BT 322.41 512.10 Td (not ) Tj ET Q q 0 0 0 rg BT 337.73 512.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 387.47 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.01 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 414.76 512.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 445.07 512.10 Td (other ) Tj ET Q q 0 0 0 rg BT 468.16 512.10 Td (than ) Tj ET Q q 0 0 0 rg BT 487.92 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 500.46 512.10 Td (will ) Tj ET Q q 0 0 0 rg BT 518.55 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 529.43 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.18 512.10 Td (laws ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.45 500.10 Td (descent ) Tj ET Q q 0 0 0 rg BT 93.05 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.11 500.10 Td (distribution, ) Tj ET Q q 0 0 0 rg BT 161.34 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.40 500.10 Td (so ) Tj ET Q q 0 0 0 rg BT 189.91 500.10 Td (long ) Tj ET Q q 0 0 0 rg BT 210.31 500.10 Td (as ) Tj ET Q q 0 0 0 rg BT 221.25 500.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 251.64 500.10 Td (lives, ) Tj ET Q q 0 0 0 rg BT 275.65 500.10 Td (only ) Tj ET Q q 0 0 0 rg BT 296.04 500.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 326.43 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 337.38 500.10 Td (his ) Tj ET Q q 0 0 0 rg BT 351.67 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.62 500.10 Td (her ) Tj ET Q q 0 0 0 rg BT 378.00 500.10 Td (guardian ) Tj ET Q q 0 0 0 rg BT 415.61 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.56 500.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 448.61 500.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 507.31 500.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 528.81 500.10 Td (have ) Tj ET Q q 0 0 0 rg BT 550.31 500.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (right ) Tj ET Q q 0 0 0 rg BT 70.89 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 81.17 488.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 112.53 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 129.47 488.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 154.73 488.10 Td (Earned ) Tj ET Q q 0 0 0 rg BT 185.54 488.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 239.13 488.10 Td (Cash. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (15. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 462.53505859375 m 241.1923828125 462.53505859375 l s q 0 0 0 rg BT 85.50 464.10 Td (No ) Tj ET Q q 0 0 0 rg BT 99.97 464.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 125.94 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 131.69 464.10 Td (o ) Tj ET Q q 0 0 0 rg BT 138.93 464.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 186.19 464.10 Td (Employment) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 241.19 464.10 Td (. ) Tj ET Q q 0 0 0 rg BT 245.94 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 248.18 464.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 280.41 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.87 464.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 314.89 464.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 330.46 464.10 Td (this ) Tj ET Q q 0 0 0 rg BT 346.66 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 352.97 464.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 375.20 464.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 396.33 464.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 424.11 464.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 446.35 464.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 476.37 464.10 Td (any ) Tj ET Q q 0 0 0 rg BT 493.05 464.10 Td (right ) Tj ET Q q 0 0 0 rg BT 514.18 464.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.20 464.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.92 452.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 112.56 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.53 452.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 176.17 452.10 Td (by ) Tj ET Q q 0 0 0 rg BT 188.81 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.67 452.10 Td (Company) Tj ET Q q 0 0 0 rg BT 241.91 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 247.05 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 258.03 452.10 Td (any ) Tj ET Q q 0 0 0 rg BT 275.11 452.10 Td (right ) Tj ET Q q 0 0 0 rg BT 296.64 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 307.06 452.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 340.25 452.10 Td (services ) Tj ET Q q 0 0 0 rg BT 375.10 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 385.53 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 400.39 452.10 Td (Company) Tj ET Q q 0 0 0 rg BT 438.62 452.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.77 452.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 459.74 452.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 481.27 452.10 Td (they ) Tj ET Q q 0 0 0 rg BT 501.13 452.10 Td (interfere ) Tj ET Q q 0 0 0 rg BT 537.64 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.06 452.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (way ) Tj ET Q q 0 0 0 rg BT 68.66 440.10 Td (with ) Tj ET Q q 0 0 0 rg BT 88.94 440.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 117.08 440.10 Td () Tj ET Q q 0 0 0 rg BT 119.86 440.10 Td (s ) Tj ET Q q 0 0 0 rg BT 126.25 440.10 Td (right ) Tj ET Q q 0 0 0 rg BT 147.63 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 157.91 440.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 198.17 440.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 253.16 440.10 Td (or ) Tj ET Q q 0 0 0 rg BT 263.99 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.71 440.10 Td (Company) Tj ET Q q 0 0 0 rg BT 320.37 440.10 Td (s ) Tj ET Q q 0 0 0 rg BT 326.77 440.10 Td (right ) Tj ET Q q 0 0 0 rg BT 348.15 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.43 440.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 398.69 440.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 426.83 440.10 Td () Tj ET Q q 0 0 0 rg BT 429.61 440.10 Td (s ) Tj ET Q q 0 0 0 rg BT 436.00 440.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 490.99 440.10 Td (at ) Tj ET Q q 0 0 0 rg BT 500.71 440.10 Td (any ) Tj ET Q q 0 0 0 rg BT 517.64 440.10 Td (time. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (16. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 414.53505859375 m 152.6328125 414.53505859375 l s q 0 0 0 rg BT 85.50 416.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 416.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 416.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 416.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 416.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 416.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 416.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 416.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 416.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 416.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 416.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 416.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 416.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 416.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 416.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 416.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 416.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 404.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 404.10 Td (Delaware. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (17. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 378.53505859375 m 146.4462890625 378.53505859375 l s q 0 0 0 rg BT 85.50 380.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 120.91 380.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 146.45 380.10 Td (. ) Tj ET Q q 0 0 0 rg BT 150.44 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 151.83 380.10 Td (This ) Tj ET Q q 0 0 0 rg BT 170.78 380.10 Td (A) Tj ET Q q 0 0 0 rg BT 177.08 380.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 198.57 380.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 218.96 380.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 241.00 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.28 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 263.99 380.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 293.25 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 303.08 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 319.02 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 329.96 380.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 362.01 380.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 383.51 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 397.22 380.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 420.66 380.10 Td (executors, ) Tj ET Q q 0 0 0 rg BT 462.97 380.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 524.18 380.10 Td (permitted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 94.21 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 111.15 368.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 142.54 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.37 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 168.09 368.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 197.24 368.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (18. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 342.53505859375 m 120.4951171875 342.53505859375 l s q 0 0 0 rg BT 85.50 344.10 Td (W) Tj ET Q q 0 0 0 rg BT 94.95 344.10 Td (aivers) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 120.50 344.10 Td (. ) Tj ET Q q 0 0 0 rg BT 125.43 344.10 Td ( ) Tj ET Q q 0 0 0 rg BT 127.33 344.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 146.99 344.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 176.63 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 187.39 344.10 Td (any ) Tj ET Q q 0 0 0 rg BT 204.27 344.10 Td (right ) Tj ET Q q 0 0 0 rg BT 225.59 344.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 258.01 344.10 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 294.89 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 305.10 344.10 Td (this ) Tj ET Q q 0 0 0 rg BT 321.45 344.10 Td (A) Tj ET Q q 0 0 0 rg BT 327.75 344.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 350.17 344.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 371.50 344.10 Td (not ) Tj ET Q q 0 0 0 rg BT 386.71 344.10 Td (be ) Tj ET Q q 0 0 0 rg BT 398.58 344.10 Td (valid ) Tj ET Q q 0 0 0 rg BT 421.02 344.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 448.45 344.10 Td (it ) Tj ET Q q 0 0 0 rg BT 456.44 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 465.55 344.10 Td (in ) Tj ET Q q 0 0 0 rg BT 475.76 344.10 Td (writing ) Tj ET Q q 0 0 0 rg BT 507.08 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 523.96 344.10 Td (signed ) Tj ET Q q 0 0 0 rg BT 552.50 344.10 Td (by ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.22 332.10 Td (party ) Tj ET Q q 0 0 0 rg BT 87.26 332.10 Td (waiving ) Tj ET Q q 0 0 0 rg BT 121.98 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.70 332.10 Td (right. ) Tj ET Q q 0 0 0 rg BT 160.58 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 162.53 332.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 182.25 332.10 Td (such ) Tj ET Q q 0 0 0 rg BT 203.08 332.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 232.79 332.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 254.18 332.10 Td (not ) Tj ET Q q 0 0 0 rg BT 269.46 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 281.39 332.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 314.99 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.27 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 337.21 332.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.14 332.10 Td (waiver ) Tj ET Q q 0 0 0 rg BT 373.85 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.68 332.10 Td (any ) Tj ET Q q 0 0 0 rg BT 401.62 332.10 Td (other ) Tj ET Q q 0 0 0 rg BT 424.67 332.10 Td (rights.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (19. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 306.53505859375 m 136.603515625 306.53505859375 l s q 0 0 0 rg BT 85.50 308.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 308.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 308.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 308.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 308.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 308.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 308.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 308.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 308.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 308.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 308.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 308.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 308.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 308.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 308.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 308.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 296.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 296.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 296.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 296.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 296.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 296.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 296.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 296.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 296.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 296.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 296.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 296.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 296.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 296.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 296.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 296.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 296.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 296.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 296.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 296.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 284.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 284.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 284.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 284.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 284.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (20. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 258.53505859375 m 128.283203125 258.53505859375 l s q 0 0 0 rg BT 85.50 260.10 Td (Clawback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.28 260.10 Td (. ) Tj ET Q q 0 0 0 rg BT 133.22 260.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 135.66 260.10 Td (The ) Tj ET Q q 0 0 0 rg BT 153.65 260.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 207.17 260.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 229.61 260.10 Td (are ) Tj ET Q q 0 0 0 rg BT 244.25 260.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 275.02 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 285.24 260.10 Td (any ) Tj ET Q q 0 0 0 rg BT 302.11 260.10 Td (written ) Tj ET Q q 0 0 0 rg BT 332.88 260.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 373.07 260.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 406.61 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 424.05 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 438.70 260.10 Td (Company) Tj ET Q q 0 0 0 rg BT 476.94 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 481.88 260.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.10 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.75 260.10 Td (approval ) Tj ET Q q 0 0 0 rg BT 554.18 260.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 65.13 248.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 95.48 248.10 Td (may ) Tj ET Q q 0 0 0 rg BT 116.11 248.10 Td (adopt. ) Tj ET Q q 0 0 0 rg BT 144.24 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.90 248.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 167.54 248.10 Td (such ) Tj ET Q q 0 0 0 rg BT 189.28 248.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 217.69 248.10 Td (may ) Tj ET Q q 0 0 0 rg BT 238.32 248.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 270.06 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 285.69 248.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 340.18 248.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 363.60 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.45 248.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 418.75 248.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 439.38 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.12 248.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 486.17 248.10 Td (with ) Tj ET Q q 0 0 0 rg BT 507.36 248.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 539.09 248.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 248.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (Performance ) Tj ET Q q 0 0 0 rg BT 104.36 236.10 Td (Cash ) Tj ET Q q 0 0 0 rg BT 128.14 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 139.69 236.10 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 183.74 236.10 Td (cancelation, ) Tj ET Q q 0 0 0 rg BT 235.54 236.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 277.07 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 289.18 236.10 Td (recoupment ) Tj ET Q q 0 0 0 rg BT 340.16 236.10 Td (if ) Tj ET Q q 0 0 0 rg BT 350.04 236.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 381.02 236.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 420.89 236.10 Td (events ) Tj ET Q q 0 0 0 rg BT 450.22 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 462.33 236.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 502.76 236.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 538.20 236.10 Td (occur) Tj ET Q q 0 0 0 rg BT 560.00 236.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (including ) Tj ET Q q 0 0 0 rg BT 90.46 224.10 Td (but ) Tj ET Q q 0 0 0 rg BT 106.42 224.10 Td (not ) Tj ET Q q 0 0 0 rg BT 122.38 224.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 153.89 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 164.85 224.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.47 224.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 224.53 224.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 273.80 224.10 Td (due ) Tj ET Q q 0 0 0 rg BT 291.42 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 302.38 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 317.78 224.10 Td (Company) Tj ET Q q 0 0 0 rg BT 359.45 224.10 Td (s ) Tj ET Q q 0 0 0 rg BT 366.52 224.10 Td (material ) Tj ET Q q 0 0 0 rg BT 402.46 224.10 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 466.73 224.10 Td (with ) Tj ET Q q 0 0 0 rg BT 487.69 224.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 224.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.90 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.20 212.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.72 212.10 Td (events ) Tj ET Q q 0 0 0 rg BT 156.24 212.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.54 212.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 205.17 212.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 238.79 212.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 276.86 212.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.61 212.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.02 212.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.32 212.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 363.04 212.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 390.01 212.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 423.63 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.38 212.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 469.23 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 212.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 543.87 212.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.51 212.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 74.40 200.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 106.53 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.54 200.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 165.23 200.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 207.56 200.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 223.58 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 200.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 255.06 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 200.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 292.09 200.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 344.21 200.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 388.54 200.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.12 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.91 200.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.92 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 200.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 511.94 200.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 164.10 Td (21. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 162.53505859375002 m 189.962890625 162.53505859375002 l s q 0 0 0 rg BT 85.50 164.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 118.56 164.10 Td (409A) Tj ET Q q 0 0 0 rg BT 140.23 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.18 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.46 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.74 164.10 Td (Code) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 164.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.41 164.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.36 164.10 Td (It ) Tj ET Q q 0 0 0 rg BT 204.42 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.04 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.21 164.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 264.71 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.99 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 164.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 335.55 164.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.50 164.10 Td (this ) Tj ET Q q 0 0 0 rg BT 368.47 164.10 Td (A) Tj ET Q q 0 0 0 rg BT 374.77 164.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 396.71 164.10 Td (is ) Tj ET Q q 0 0 0 rg BT 405.33 164.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 436.71 164.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.10 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.27 164.10 Td (Nonqualified ) Tj ET Q q 0 0 0 rg BT 526.99 164.10 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.77 152.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 135.05 152.10 Td (as ) Tj ET Q q 0 0 0 rg BT 145.88 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 152.82 152.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 196.98 152.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 230.56 152.10 Td (\(within ) Tj ET Q q 0 0 0 rg BT 261.95 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.66 152.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 313.60 152.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.43 152.10 Td (such ) Tj ET Q q 0 0 0 rg BT 345.26 152.10 Td (rules\), ) Tj ET Q q 0 0 0 rg BT 373.03 152.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 392.46 152.10 Td (as ) Tj ET Q endstream endobj 259 0 obj <> endobj 260 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 73.01 740.10 Td (that ) Tj ET Q q 0 0 0 rg BT 90.68 740.10 Td (this ) Tj ET Q q 0 0 0 rg BT 107.22 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 113.52 740.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 136.19 740.10 Td (will ) Tj ET Q q 0 0 0 rg BT 154.42 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 166.54 740.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 203.64 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 220.76 740.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 262.31 740.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 308.87 740.10 Td (. ) Tj ET Q q 0 0 0 rg BT 314.05 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 316.72 740.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 349.39 740.10 Td (this ) Tj ET Q q 0 0 0 rg BT 366.51 740.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 399.19 740.10 Td (21 ) Tj ET Q q 0 0 0 rg BT 411.87 740.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 427.87 740.10 Td (any ) Tj ET Q q 0 0 0 rg BT 444.99 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 468.22 740.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 508.67 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.68 740.10 Td (this ) Tj ET Q q 0 0 0 rg BT 536.22 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 542.52 740.10 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.22 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.83 728.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 95.00 728.10 Td (is ) Tj ET Q q 0 0 0 rg BT 104.06 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 114.78 728.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 150.50 728.10 Td (a ) Tj ET Q q 0 0 0 rg BT 157.33 728.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 216.36 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 226.53 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 241.14 728.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 271.30 728.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 312.01 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.62 728.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 341.22 728.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 398.59 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.31 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 423.92 728.10 Td (grant, ) Tj ET Q q 0 0 0 rg BT 449.36 728.10 Td (vesting, ) Tj ET Q q 0 0 0 rg BT 483.14 728.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.86 728.10 Td (settlement ) Tj ET Q q 0 0 0 rg BT 537.35 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 548.07 728.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 716.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 78.29 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 95.23 716.10 Td (should ) Tj ET Q q 0 0 0 rg BT 124.40 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 139.68 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 151.62 716.10 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 197.43 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 208.26 716.10 Td (such.) 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547.05 Td (accordance ) Tj ET Q q 0 0 0 rg BT 542.23 547.05 Td (with, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 535.05 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 535.05 Td (for ) Tj ET Q q 0 0 0 rg BT 81.77 535.05 Td (the ) Tj ET Q q 0 0 0 rg BT 97.08 535.05 Td (purposes ) Tj ET Q q 0 0 0 rg BT 135.72 535.05 Td (set ) Tj ET Q q 0 0 0 rg BT 149.91 535.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 172.44 535.05 Td (in, ) Tj ET Q q 0 0 0 rg BT 185.80 535.05 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 535.05 Td (2004 ) Tj ET Q q 0 0 0 rg BT 224.20 535.05 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 263.95 535.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 289.82 535.05 Td (and ) Tj ET Q q 0 0 0 rg BT 307.34 535.05 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 347.63 535.05 Td (Plan ) Tj ET Q q 0 0 0 rg BT 368.50 535.05 Td (for ) Tj ET Q q 0 0 0 rg BT 383.25 535.05 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 421.33 535.05 Td (Resources ) Tj ET Q q 0 0 0 rg BT 465.51 535.05 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 486.37 535.05 Td (as ) Tj ET Q 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Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 391.05 Td (NOW) Tj ET Q q 0 0 0 rg BT 110.32 391.05 Td ( ) Tj ET Q q 0 0 0 rg BT 113.12 391.05 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 391.05 Td (, ) Tj ET Q q 0 0 0 rg BT 181.43 391.05 Td (in ) Tj ET Q q 0 0 0 rg BT 192.23 391.05 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.13 391.05 Td (of ) Tj ET Q q 0 0 0 rg BT 260.48 391.05 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 391.05 Td (mutual ) Tj ET Q q 0 0 0 rg BT 306.52 391.05 Td (covenants ) Tj ET Q q 0 0 0 rg BT 349.52 391.05 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 395.85 391.05 Td (set ) Tj ET Q q 0 0 0 rg BT 409.98 391.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 432.44 391.05 Td (and ) Tj ET Q q 0 0 0 rg BT 449.90 391.05 Td (for ) Tj ET Q q 0 0 0 rg BT 464.58 391.05 Td (other ) Tj ET Q q 0 0 0 rg BT 488.15 391.05 Td (good ) Tj ET Q q 0 0 0 rg BT 511.18 391.05 Td (and ) Tj ET Q q 0 0 0 rg BT 528.64 391.05 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 379.05 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 379.05 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 379.05 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 379.05 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 379.05 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 379.05 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 355.05 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 355.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 353.48505859375 m 198.51904296875 353.48505859375 l s q 0 0 0 rg BT 85.50 355.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 138.67 355.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 169.82 355.05 Td (A) Tj ET Q q 0 0 0 rg BT 176.30 355.05 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 198.52 355.05 Td (. ) Tj ET Q q 0 0 0 rg BT 210.33 355.05 Td ( ) Tj ET Q q 0 0 0 rg BT 218.96 355.05 Td (The ) Tj ET Q q 0 0 0 rg BT 243.81 355.05 Td (Company ) Tj ET Q q 0 0 0 rg BT 292.01 355.05 Td (hereby ) Tj ET Q q 0 0 0 rg BT 328.52 355.05 Td (grants ) Tj ET Q q 0 0 0 rg BT 362.27 355.05 Td (to ) Tj ET Q q 0 0 0 rg BT 379.35 355.05 Td (the ) Tj ET Q q 0 0 0 rg BT 400.87 355.05 Td (Holder ) Tj ET Q q 0 0 0 rg BT 437.95 355.05 Td (an ) Tj ET Q q 0 0 0 rg BT 456.69 355.05 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 504.86 355.05 Td (of ) Tj ET Q q 0 0 0 rg BT 522.50 355.05 Td (________) Tj ET Q BT /F2 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 343.05 Td (\(_______________________\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 174.08 343.05 Td (shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 199.07 343.05 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 202.00 343.05 Td (of ) Tj ET Q q 0 0 0 rg BT 213.25 343.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 256.71 343.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 282.41 343.05 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 290.18 343.05 Td (A) Tj ET Q q 0 0 0 rg BT 296.66 343.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 321.80 343.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 368.59 343.05 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.49 343.05 Td (\) ) Tj ET Q q 0 0 0 rg BT 403.18 343.05 Td (on ) Tj ET Q q 0 0 0 rg BT 416.10 343.05 Td (the ) Tj ET Q q 0 0 0 rg BT 431.24 343.05 Td (terms ) Tj ET Q q 0 0 0 rg BT 456.38 343.05 Td (and ) Tj ET Q q 0 0 0 rg BT 473.74 343.05 Td (conditions ) Tj ET Q q 0 0 0 rg BT 518.33 343.05 Td (set ) Tj ET Q q 0 0 0 rg BT 532.36 343.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 554.72 343.05 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 64.71 331.05 Td (Plan ) Tj ET Q q 0 0 0 rg BT 85.48 331.05 Td (and ) Tj ET Q q 0 0 0 rg BT 102.91 331.05 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 161.44 331.05 Td (in ) Tj ET Q q 0 0 0 rg BT 172.21 331.05 Td (this ) Tj ET Q q 0 0 0 rg BT 188.99 331.05 Td (A) Tj ET Q q 0 0 0 rg BT 195.30 331.05 Td (ward, ) Tj ET Q q 0 0 0 rg BT 220.78 331.05 Td (including, ) Tj ET Q q 0 0 0 rg BT 264.05 331.05 Td (without ) Tj ET Q q 0 0 0 rg BT 297.60 331.05 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 341.97 331.05 Td (the ) Tj ET Q q 0 0 0 rg BT 357.18 331.05 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 404.61 331.05 Td (more ) Tj ET Q q 0 0 0 rg BT 428.15 331.05 Td (specifically ) Tj ET Q q 0 0 0 rg BT 477.23 331.05 Td (set ) Tj ET Q q 0 0 0 rg BT 491.33 331.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 513.76 331.05 Td (in ) Tj ET Q q 0 0 0 rg BT 524.53 331.05 Td (Section ) Tj ET Q q 0 0 0 rg BT 557.52 331.05 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 319.05 Td (below) Tj ET Q q 0 0 0 rg BT 73.29 319.05 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 295.05 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 295.05 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 293.48505859375 m 229.4365234375 293.48505859375 l s q 0 0 0 rg BT 85.50 295.05 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 295.05 Td (esting ) Tj ET Q q 0 0 0 rg BT 118.88 295.05 Td (of ) Tj ET Q q 0 0 0 rg BT 128.83 295.05 Td (A) Tj ET Q q 0 0 0 rg BT 135.31 295.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 159.60 295.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 205.54 295.05 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.44 295.05 Td (. ) Tj ET Q q 0 0 0 rg BT 234.01 295.05 Td ( ) Tj ET Q q 0 0 0 rg BT 235.94 295.05 Td (The ) Tj ET Q q 0 0 0 rg BT 253.56 295.05 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 300.07 295.05 Td (on ) Tj ET Q q 0 0 0 rg BT 312.14 295.05 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 295.05 Td (A) Tj ET Q q 0 0 0 rg BT 332.28 295.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 354.35 295.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 396.96 295.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 421.82 295.05 Td (shall ) Tj ET Q q 0 0 0 rg BT 442.78 295.05 Td (lapse ) Tj ET Q q 0 0 0 rg BT 465.40 295.05 Td (\(A) Tj ET Q q 0 0 0 rg BT 475.03 295.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 497.10 295.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 539.72 295.05 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 283.05 Td (with ) Tj ET Q q 0 0 0 rg BT 69.45 283.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 99.93 283.05 Td (to ) Tj ET Q q 0 0 0 rg BT 109.88 283.05 Td (which ) Tj ET Q q 0 0 0 rg BT 136.49 283.05 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 183.09 283.05 Td (have ) Tj ET Q q 0 0 0 rg BT 204.14 283.05 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 231.85 283.05 Td (being ) Tj ET Q q 0 0 0 rg BT 256.24 283.05 Td (herein ) Tj ET Q q 0 0 0 rg BT 283.40 283.05 Td (referred ) Tj ET Q q 0 0 0 rg BT 317.20 283.05 Td (to ) Tj ET Q q 0 0 0 rg BT 327.15 283.05 Td (as ) Tj ET Q q 0 0 0 rg BT 337.65 283.05 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.09 283.05 Td (V) Tj ET Q q 0 0 0 rg BT 348.39 283.05 Td (ested ) Tj ET Q q 0 0 0 rg BT 372.22 283.05 Td (Shar) Tj ET Q q 0 0 0 rg BT 392.60 283.05 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.93 283.05 Td (\) ) Tj ET Q q 0 0 0 rg BT 410.87 283.05 Td (and ) Tj ET Q q 0 0 0 rg BT 427.48 283.05 Td (such ) Tj ET Q q 0 0 0 rg BT 447.50 283.05 Td (A) Tj ET Q q 0 0 0 rg BT 453.80 283.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 475.96 283.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 518.67 283.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 543.62 283.05 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 271.05 Td (become ) Tj ET Q q 0 0 0 rg BT 83.30 271.05 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 95.45 271.05 Td (non-forfeitable ) Tj ET Q q 0 0 0 rg BT 158.13 271.05 Td (with ) Tj ET Q q 0 0 0 rg BT 178.61 271.05 Td (respect ) Tj ET Q q 0 0 0 rg BT 209.63 271.05 Td (to ) Tj ET Q q 0 0 0 rg BT 220.12 271.05 Td (a ) Tj ET Q q 0 0 0 rg BT 227.27 271.05 Td (specified ) Tj ET Q q 0 0 0 rg BT 266.07 271.05 Td (percentage ) Tj ET Q q 0 0 0 rg BT 312.08 271.05 Td (of ) Tj ET Q q 0 0 0 rg BT 322.52 271.05 Td (A) Tj ET Q q 0 0 0 rg BT 328.82 271.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 351.52 271.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 394.77 271.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 420.25 271.05 Td (on ) Tj ET Q q 0 0 0 rg BT 432.96 271.05 Td (the ) Tj ET Q q 0 0 0 rg BT 447.88 271.05 Td (dates ) Tj ET Q q 0 0 0 rg BT 471.14 271.05 Td (set ) Tj ET Q q 0 0 0 rg BT 484.95 271.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 507.10 271.05 Td (in ) Tj ET Q q 0 0 0 rg BT 517.59 271.05 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 531.39 271.05 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 259.05 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 62.59 259.05 Td (below) Tj ET Q q 0 0 0 rg BT 86.38 259.05 Td (, ) Tj ET Q q 0 0 0 rg BT 90.86 259.05 Td (and ) Tj ET Q q 0 0 0 rg BT 107.29 259.05 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 121.49 259.05 Td (will ) Tj ET Q q 0 0 0 rg BT 139.04 259.05 Td (become ) Tj ET Q q 0 0 0 rg BT 172.12 259.05 Td (100% ) Tj ET Q q 0 0 0 rg BT 197.43 259.05 Td (vested ) Tj ET Q q 0 0 0 rg BT 224.97 259.05 Td (on ) Tj ET Q q 0 0 0 rg BT 236.96 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 251.16 259.05 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 297.00 259.05 Td (\(if ) Tj ET Q q 0 0 0 rg BT 308.43 259.05 Td (any\) ) Tj ET Q q 0 0 0 rg BT 328.18 259.05 Td (of ) Tj ET Q q 0 0 0 rg BT 338.50 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 352.70 259.05 Td (earliest ) Tj ET Q q 0 0 0 rg BT 383.56 259.05 Td (of ) Tj ET Q q 0 0 0 rg BT 393.88 259.05 Td (the ) Tj ET Q q 0 0 0 rg BT 408.08 259.05 Td (dates ) Tj ET Q q 0 0 0 rg BT 430.62 259.05 Td (set ) Tj ET Q q 0 0 0 rg BT 443.71 259.05 Td (forth ) Tj ET Q q 0 0 0 rg BT 465.14 259.05 Td (in ) Tj ET Q q 0 0 0 rg BT 474.91 259.05 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 488.55 259.05 Td (through ) Tj ET Q q 0 0 0 rg BT 521.65 259.05 Td (\(g\) ) Tj ET Q q 0 0 0 rg BT 535.30 259.05 Td (below: ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 235.05 Td (\(a\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 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Tj ET Q q 0 0 0 rg BT 457.32 235.05 Td (Grant; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 211.05 Td (\(b\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.72 211.05 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 211.05 Td (33% ) Tj ET Q q 0 0 0 rg BT 142.33 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 153.16 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 167.33 211.05 Td (A) Tj ET Q q 0 0 0 rg BT 173.63 211.05 Td (ward ) Tj ET Q q 0 0 0 rg BT 196.12 211.05 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 239.16 211.05 Td (Stock ) Tj ET Q q 0 0 0 rg BT 264.44 211.05 Td (on ) Tj ET Q q 0 0 0 rg BT 276.94 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 211.05 Td (date ) Tj ET Q q 0 0 0 rg BT 310.81 211.05 Td (of ) Tj ET Q q 0 0 0 rg BT 321.64 211.05 Td (the ) Tj ET Q q 0 0 0 rg BT 336.36 211.05 Td (2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.36 215.58 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 347.86 211.05 Td ( ) Tj ET Q q 0 0 0 rg BT 349.81 211.05 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 401.73 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(the ) Tj ET Q q 0 0 0 rg BT 336.36 740.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.36 744.78 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.77 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.72 740.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 400.65 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.48 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.20 740.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 447.57 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.40 740.25 Td (Grant;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 716.25 Td (\(d\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.72 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 716.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 716.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 194.34 716.25 Td () Tj ET Q q 0 0 0 rg BT 197.12 716.25 Td (s ) Tj ET Q q 0 0 0 rg BT 203.51 716.25 Td (death ) Tj ET Q q 0 0 0 rg BT 227.67 716.25 Td (or ) Tj ET Q q 0 0 0 rg BT 238.50 716.25 Td (Disability; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 692.25 Td (\(e\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 96.60 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 692.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 692.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 206.19 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.02 692.25 Td (Control; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 668.25 Td (\(f\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 95.49 668.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 668.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 668.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 668.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 238.97 668.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 272.01 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.84 668.25 Td (Control; ) Tj ET Q q 0 0 0 rg BT 318.68 668.25 Td (and ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 644.25 Td (\(g\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 97.16 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 121.50 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 135.71 644.25 Td (date ) Tj ET Q q 0 0 0 rg BT 154.35 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 164.68 644.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 192.82 644.25 Td () Tj ET Q q 0 0 0 rg BT 195.59 644.25 Td (s ) Tj ET Q q 0 0 0 rg BT 201.48 644.25 Td (Retirement ) Tj ET Q q 0 0 0 rg BT 247.75 644.25 Td (V) Tj ET Q q 0 0 0 rg BT 253.87 644.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 279.74 644.25 Td (Date, ) Tj ET Q q 0 0 0 rg BT 303.11 644.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 340.65 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 357.64 644.25 Td (such ) Tj ET Q q 0 0 0 rg BT 377.96 644.25 Td (date ) Tj ET Q q 0 0 0 rg BT 396.60 644.25 Td (is ) Tj ET Q q 0 0 0 rg BT 405.27 644.25 Td (at ) Tj ET Q q 0 0 0 rg BT 414.47 644.25 Td (least ) Tj ET Q q 0 0 0 rg BT 434.79 644.25 Td (one ) 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ET Q q 0 0 0 rg BT 384.48 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 398.92 632.25 Td (first ) Tj ET Q q 0 0 0 rg BT 417.26 632.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 466.13 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 476.69 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 491.13 632.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 512.24 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 522.80 632.25 Td (Grant, ) Tj ET Q q 0 0 0 rg BT 550.29 632.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 620.25 Td (vesting ) Tj ET Q q 0 0 0 rg BT 152.61 620.25 Td (date ) Tj ET Q q 0 0 0 rg BT 171.49 620.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 208.15 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 218.16 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 234.83 620.25 Td (Paragraph ) Tj ET Q q 0 0 0 rg BT 277.59 620.25 Td (2\(g\) ) Tj ET Q q 0 0 0 rg BT 296.47 620.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 317.58 620.25 Td (be ) Tj ET Q q 0 0 0 rg BT 329.25 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.69 620.25 Td (first ) Tj ET Q q 0 0 0 rg BT 362.02 620.25 Td (anniversary ) Tj ET Q q 0 0 0 rg BT 410.89 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 421.44 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 435.88 620.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 456.99 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 467.54 620.25 Td (Grant, ) Tj ET Q q 0 0 0 rg BT 495.03 620.25 Td (unless ) Tj ET Q q 0 0 0 rg BT 522.26 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 536.21 620.25 Td (A) Tj ET Q q 0 0 0 rg BT 542.51 620.25 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 608.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 164.54 608.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 189.82 608.25 Td (has ) Tj ET Q q 0 0 0 rg BT 205.65 608.25 Td (been ) Tj ET Q q 0 0 0 rg BT 227.03 608.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 263.95 608.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 300.89 608.25 Td (to ) Tj ET Q q 0 0 0 rg BT 311.17 608.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 343.66 608.25 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 584.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.58 584.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 141.32 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.83 584.25 Td (this ) Tj ET Q q 0 0 0 rg BT 169.76 584.25 Td (A) Tj ET Q q 0 0 0 rg BT 176.07 584.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 201.74 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.15 584.25 Td (term ) Tj ET Q q 0 0 0 rg BT 238.66 584.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.10 584.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 314.61 584.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 350.58 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.10 584.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 387.47 584.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.25 584.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.87 584.25 Td (means ) Tj ET Q q 0 0 0 rg BT 431.60 584.25 Td (a ) Tj ET Q q 0 0 0 rg BT 439.23 584.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 472.96 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.48 584.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 518.22 584.25 Td (that ) Tj ET Q q 0 0 0 rg BT 536.40 584.25 Td (occurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.31 572.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 119.45 572.25 Td () Tj ET Q q 0 0 0 rg BT 122.23 572.25 Td (s ) Tj ET Q q 0 0 0 rg BT 129.04 572.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 177.23 572.25 Td (but ) Tj ET Q q 0 0 0 rg BT 192.93 572.25 Td (where ) Tj ET Q q 0 0 0 rg BT 220.29 572.25 Td (such ) Tj ET Q q 0 0 0 rg BT 241.54 572.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 287.23 572.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 321.81 572.25 Td (from ) Tj ET Q q 0 0 0 rg BT 344.17 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 572.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 427.77 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.17 572.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 487.64 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.89 572.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 532.37 572.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.73 572.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 77.64 560.25 Td () Tj ET Q q 0 0 0 rg BT 80.42 560.25 Td (s ) Tj ET Q q 0 0 0 rg BT 86.85 560.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 134.66 560.25 Td (For ) Tj ET Q q 0 0 0 rg BT 151.09 560.25 Td (all ) Tj ET Q q 0 0 0 rg BT 163.63 560.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 201.73 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.60 560.25 Td (this ) Tj ET Q q 0 0 0 rg BT 229.03 560.25 Td (A) Tj ET Q q 0 0 0 rg BT 235.33 560.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 260.37 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.13 560.25 Td (term ) Tj ET Q q 0 0 0 rg BT 295.99 560.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.43 560.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 372.39 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.27 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.14 560.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 434.47 560.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.34 560.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 470.71 560.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.49 560.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.47 560.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 506.90 560.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 531.10 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.86 560.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.14 548.25 Td (which ) Tj ET Q q 0 0 0 rg BT 91.21 548.25 Td (any ) Tj ET Q q 0 0 0 rg BT 109.28 548.25 Td (material ) Tj ET Q q 0 0 0 rg BT 145.68 548.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 176.25 548.25 Td (including ) Tj ET Q q 0 0 0 rg BT 217.65 548.25 Td (without ) Tj ET Q q 0 0 0 rg BT 251.85 548.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 294.37 548.25 Td (through ) Tj ET Q q 0 0 0 rg BT 329.11 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.19 548.25 Td (written ) Tj ET Q q 0 0 0 rg BT 369.15 548.25 Td (of) Tj ET Q q 0 0 0 rg BT 377.30 548.25 Td (fer) Tj ET Q q 0 0 0 rg BT 387.99 548.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.13 548.25 Td (open-market ) Tj ET Q q 0 0 0 rg BT 448.30 548.25 Td (bid, ) Tj ET Q q 0 0 0 rg BT 467.21 548.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 508.60 548.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 539.17 548.25 Td (proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 96.15 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.69 536.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 150.28 536.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.16 536.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 183.03 536.25 Td (by ) Tj ET Q q 0 0 0 rg BT 195.24 536.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.89 536.25 Td (person ) Tj ET Q q 0 0 0 rg BT 239.64 536.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 253.51 536.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 285.71 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.70 536.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 327.91 536.25 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 351.78 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.32 536.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.53 536.25 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 430.06 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.03 536.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 476.76 536.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 499.24 536.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.78 536.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.43 536.25 Td (group ) Tj ET Q q 0 0 0 rg BT 550.85 536.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.96 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.21 524.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 124.67 524.25 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 160.46 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.95 524.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 207.88 524.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 230.61 524.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.42 524.25 Td (their ) Tj ET Q q 0 0 0 rg BT 262.21 524.25 Td (af) Tj ET Q q 0 0 0 rg BT 269.80 524.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 301.98 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.23 524.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 358.01 524.25 Td (ef) Tj ET Q q 0 0 0 rg BT 365.60 524.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 386.40 524.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 406.37 524.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.39 524.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 446.86 524.25 Td (months ) Tj ET Q q 0 0 0 rg BT 478.78 524.25 Td (after ) Tj ET Q q 0 0 0 rg BT 499.57 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 524.25 Td (date ) Tj ET Q q 0 0 0 rg BT 533.38 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 524.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (material ) Tj ET Q q 0 0 0 rg BT 84.76 512.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 114.19 512.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 137.24 512.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.52 512.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.46 512.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 187.50 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.33 512.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 231.39 512.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 272.22 512.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.05 512.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 324.71 512.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 353.04 512.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.88 512.25 Td (their ) Tj ET Q q 0 0 0 rg BT 384.70 512.25 Td (af) Tj ET Q q 0 0 0 rg BT 392.29 512.25 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 488.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 486.68505859375 m 303.87255859375 486.68505859375 l s q 0 0 0 rg BT 85.50 488.25 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 139.28 488.25 Td (- ) Tj ET Q q 0 0 0 rg BT 145.28 488.25 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 184.53 488.25 Td (e ) Tj ET Q q 0 0 0 rg BT 191.64 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.06 488.25 Td (A) Tj ET Q q 0 0 0 rg BT 208.54 488.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 233.44 488.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 279.98 488.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.87 488.25 Td (. ) Tj ET Q q 0 0 0 rg BT 309.05 488.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.53 488.25 Td (The ) Tj ET Q q 0 0 0 rg BT 329.17 488.25 Td (A) Tj ET Q q 0 0 0 rg BT 335.47 488.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 358.14 488.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 401.36 488.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 426.81 488.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.16 488.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.16 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.62 488.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 524.73 488.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.99 476.25 Td (all ) Tj ET Q q 0 0 0 rg BT 79.47 476.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 104.74 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.56 476.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 145.82 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 476.25 Td (any ) Tj ET Q q 0 0 0 rg BT 173.02 476.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.50 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.32 476.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 254.35 476.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 279.62 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 306.55 476.25 Td (have ) Tj ET Q q 0 0 0 rg BT 327.91 476.25 Td (not ) Tj ET Q q 0 0 0 rg BT 343.18 476.25 Td (become ) Tj ET Q q 0 0 0 rg BT 376.59 476.25 Td (V) Tj ET Q q 0 0 0 rg BT 382.70 476.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 405.74 476.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 434.89 476.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 456.26 476.25 Td (automatically) Tj ET Q q 0 0 0 rg BT 510.04 476.25 Td (, ) Tj ET Q q 0 0 0 rg BT 515.03 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 476.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (notice, ) Tj ET Q q 0 0 0 rg BT 79.07 464.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 119.47 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.55 464.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 158.08 464.25 Td (be ) Tj ET Q q 0 0 0 rg BT 170.16 464.25 Td (permanently ) Tj ET Q q 0 0 0 rg BT 222.78 464.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 259.84 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.49 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.34 464.25 Td (date ) Tj ET Q q 0 0 0 rg BT 306.64 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 464.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 345.75 464.25 Td () Tj ET Q q 0 0 0 rg BT 348.53 464.25 Td (s ) Tj ET Q q 0 0 0 rg BT 355.06 464.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 402.96 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.60 464.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 474.91 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.77 464.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 533.79 464.25 Td (if ) Tj ET Q q 0 0 0 rg BT 542.53 464.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.73 452.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.74 452.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 117.39 452.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 184.28 452.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 218.39 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.28 452.25 Td (Control, ) Tj ET Q q 0 0 0 rg BT 266.90 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.68 452.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 328.46 452.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 365.66 452.25 Td (A) Tj ET Q q 0 0 0 rg BT 371.97 452.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 395.52 452.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 439.62 452.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 465.97 452.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 487.30 452.25 Td (any ) Tj ET Q q 0 0 0 rg BT 505.30 452.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.48 440.25 Td (Equivalent\) ) Tj ET Q q 0 0 0 rg BT 138.89 440.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 160.54 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.74 440.25 Td (reinstated ) Tj ET Q q 0 0 0 rg BT 214.38 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.58 440.25 Td (become ) Tj ET Q q 0 0 0 rg BT 265.44 440.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 293.75 440.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 313.45 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.87 440.25 Td (all ) Tj ET Q q 0 0 0 rg BT 340.63 440.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 378.94 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.03 440.25 Td (this ) Tj ET Q q 0 0 0 rg BT 406.64 440.25 Td (A) Tj ET Q q 0 0 0 rg BT 412.94 440.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 438.19 440.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 468.72 440.25 Td (will ) Tj ET Q q 0 0 0 rg BT 487.04 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 499.24 440.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 533.10 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.64 440.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (Separated ) Tj ET Q q 0 0 0 rg BT 91.42 428.25 Td (on ) Tj ET Q q 0 0 0 rg BT 103.92 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.64 428.25 Td (day ) Tj ET Q q 0 0 0 rg BT 135.58 428.25 Td (after ) Tj ET Q q 0 0 0 rg BT 156.39 428.25 Td (such ) Tj ET Q q 0 0 0 rg BT 177.22 428.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 243.05 428.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 276.10 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.93 428.25 Td (Control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 404.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 402.68505859375 m 139.23046875 402.68505859375 l s q 0 0 0 rg BT 85.50 404.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 404.25 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.23 404.25 Td (. ) Tj ET Q q 0 0 0 rg BT 144.17 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.62 404.25 Td (If ) Tj ET Q q 0 0 0 rg BT 155.72 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.60 404.25 Td (when ) Tj ET Q q 0 0 0 rg BT 196.70 404.25 Td (any ) Tj ET Q q 0 0 0 rg BT 213.58 404.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 241.02 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.25 404.25 Td (A) Tj ET Q q 0 0 0 rg BT 257.56 404.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.99 404.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 322.97 404.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 348.19 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.08 404.25 Td (any ) Tj ET Q q 0 0 0 rg BT 381.96 404.25 Td (related ) Tj ET Q q 0 0 0 rg BT 411.60 404.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 451.26 404.25 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 500.92 404.25 Td (become ) Tj ET Q q 0 0 0 rg BT 534.45 404.25 Td (vested, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.06 392.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 107.29 392.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 145.63 392.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.19 392.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 212.86 392.25 Td (required ) Tj ET Q q 0 0 0 rg BT 249.52 392.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.64 392.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.42 392.25 Td (made ) Tj ET Q q 0 0 0 rg BT 298.41 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.76 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.31 392.25 Td (Company) Tj ET Q q 0 0 0 rg BT 365.55 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.39 392.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.06 392.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.95 392.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 458.63 392.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.96 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 488.63 392.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 536.95 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 392.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 97.98 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.80 380.25 Td (its ) Tj ET Q q 0 0 0 rg BT 123.29 380.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 166.77 380.25 Td (if ) Tj ET Q q 0 0 0 rg BT 176.92 380.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 225.94 380.25 Td (not ) Tj ET Q q 0 0 0 rg BT 242.76 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.58 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 268.06 380.25 Td (detrimental ) Tj ET Q q 0 0 0 rg BT 317.64 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.47 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.72 380.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.65 380.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.03 380.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 428.39 380.25 Td (, ) Tj ET Q q 0 0 0 rg BT 434.94 380.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 457.87 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 471.35 380.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 492.61 380.25 Td (by ) Tj ET Q q 0 0 0 rg BT 506.65 380.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 538.46 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 380.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (Administrator) Tj ET Q q 0 0 0 rg BT 105.20 368.25 Td (, ) Tj ET Q q 0 0 0 rg BT 110.44 368.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.50 368.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 167.82 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.33 368.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 201.33 368.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.06 368.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 249.56 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.62 368.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 288.63 368.25 Td (which ) Tj ET Q q 0 0 0 rg BT 315.80 368.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 341.31 368.25 Td (may ) Tj ET Q q 0 0 0 rg BT 361.26 368.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.43 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.94 368.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 411.11 368.25 Td (or ) Tj ET Q q 0 0 0 rg BT 422.17 368.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.68 368.25 Td (part ) Tj ET Q q 0 0 0 rg BT 450.76 368.25 Td (V) Tj ET Q q 0 0 0 rg BT 456.88 368.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 480.15 368.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 512.05 368.25 Td (based ) Tj ET Q q 0 0 0 rg BT 537.55 368.25 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 368.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.25 356.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 99.57 356.25 Td (V) Tj ET Q q 0 0 0 rg BT 105.69 356.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 124.98 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.95 356.25 Td (such ) Tj ET Q q 0 0 0 rg BT 156.92 356.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 182.34 356.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.98 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.83 356.25 Td (date ) Tj ET Q q 0 0 0 rg BT 229.13 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.10 356.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 272.21 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 277.35 356.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.32 356.25 Td (via ) Tj ET Q q 0 0 0 rg BT 303.17 356.25 Td (payroll ) Tj ET Q q 0 0 0 rg BT 334.14 356.25 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 378.71 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.16 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.35 356.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 426.71 356.25 Td (, ) Tj ET Q q 0 0 0 rg BT 431.85 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.27 356.25 Td (his ) Tj ET Q q 0 0 0 rg BT 456.58 356.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 475.33 356.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 519.90 356.25 Td (may ) Tj ET Q q 0 0 0 rg BT 539.76 356.25 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.11 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.94 344.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.45 344.25 Td (withhold ) Tj ET Q q 0 0 0 rg BT 161.62 344.25 Td (at ) Tj ET Q q 0 0 0 rg BT 171.45 344.25 Td (any ) Tj ET Q q 0 0 0 rg BT 188.51 344.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 206.11 344.25 Td (which ) Tj ET Q q 0 0 0 rg BT 233.16 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.45 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.84 344.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.56 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.51 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.34 344.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 348.85 344.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 399.80 344.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 417.40 344.25 Td (described ) Tj ET Q q 0 0 0 rg BT 458.33 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.73 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.56 344.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 525.60 344.25 Td (sentence, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (but ) Tj ET Q q 0 0 0 rg BT 64.47 332.25 Td (not ) Tj ET Q q 0 0 0 rg BT 79.44 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.41 332.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 117.70 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.22 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.63 332.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 185.37 332.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 222.56 332.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.74 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.71 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 264.11 332.25 Td (Holder's ) Tj ET Q q 0 0 0 rg BT 299.77 332.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 334.16 332.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.57 332.25 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 398.81 332.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 435.44 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.41 332.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 491.47 332.25 Td (established ) Tj ET Q q 0 0 0 rg BT 538.09 332.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 332.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 320.25 Td (,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (5.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 296.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.68505859375 m 287.74462890625 294.68505859375 l s q 0 0 0 rg BT 85.50 296.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 116.04 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 296.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 156.94 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.70 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.58 296.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 217.43 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.31 296.25 Td (V) Tj ET Q q 0 0 0 rg BT 234.62 296.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 259.03 296.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 279.41 296.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.74 296.25 Td (. ) Tj ET Q q 0 0 0 rg BT 293.00 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.15 296.25 Td (As ) Tj ET Q q 0 0 0 rg BT 309.02 296.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 337.32 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.41 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.77 296.25 Td (A) Tj ET Q q 0 0 0 rg BT 369.08 296.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 391.82 296.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 435.12 296.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 463.16 296.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 493.68 296.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 515.32 296.25 Td (have ) Tj ET Q q 0 0 0 rg BT 536.96 296.25 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 74.42 284.25 Td (related ) Tj ET Q q 0 0 0 rg BT 103.77 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.70 284.25 Td (such ) Tj ET Q q 0 0 0 rg BT 134.17 284.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.31 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.79 284.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 196.71 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.63 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.00 284.25 Td (same ) Tj ET Q q 0 0 0 rg BT 243.69 284.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 270.27 284.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.75 284.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.33 284.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 319.47 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 284.25 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 357.37 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.51 284.25 Td (However) Tj ET Q q 0 0 0 rg BT 395.76 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.41 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.33 284.25 Td (lieu ) Tj ET Q q 0 0 0 rg BT 427.47 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.95 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.31 284.25 Td (right ) Tj ET Q q 0 0 0 rg BT 473.35 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.27 284.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 514.28 284.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 544.74 284.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 272.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 84.93 272.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 126.82 272.25 Td (\(Dividends\) ) Tj ET Q q 0 0 0 rg BT 177.58 272.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 210.56 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.33 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 242.00 272.25 Td (A) Tj ET Q q 0 0 0 rg BT 248.30 272.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 271.29 272.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 314.83 272.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 343.11 272.25 Td (during ) Tj ET Q q 0 0 0 rg BT 372.21 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.43 272.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 427.62 272.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 458.67 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.88 272.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 504.65 272.25 Td (is ) Tj ET Q q 0 0 0 rg BT 514.31 272.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 547.30 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 558.08 272.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.46 260.25 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 135.52 260.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 177.13 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.09 260.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.72 260.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 254.80 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.98 260.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 301.94 260.25 Td (on ) Tj ET Q q 0 0 0 rg BT 314.68 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.64 260.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.38 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 260.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 393.97 260.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 440.04 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.39 260.25 Td (A) Tj ET Q q 0 0 0 rg BT 460.70 260.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 483.43 260.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 526.71 260.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 554.74 260.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (each ) Tj ET Q q 0 0 0 rg BT 70.26 248.25 Td (case ) Tj ET Q q 0 0 0 rg BT 89.91 248.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.13 248.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.53 248.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 170.25 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.14 248.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 217.90 248.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 230.63 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.28 248.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 269.94 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.72 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.38 248.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 315.60 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.48 248.25 Td (this ) Tj ET Q q 0 0 0 rg BT 348.83 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 355.13 248.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 380.07 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.33 248.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.32 248.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.76 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.53 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.19 248.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 497.85 248.25 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 543.62 248.25 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.44 236.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 91.43 236.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 114.20 236.25 Td (or ) Tj ET Q endstream endobj 269 0 obj <> endobj 270 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (other ) Tj ET Q q 0 0 0 rg BT 72.58 740.10 Td (property ) Tj ET Q q 0 0 0 rg BT 109.00 740.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 133.19 740.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 146.00 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 156.31 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.07 740.10 Td (case ) Tj ET Q q 0 0 0 rg BT 190.81 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 201.67 740.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 213.65 740.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 233.95 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 244.82 740.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 274.84 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.60 740.10 Td (product ) Tj ET Q q 0 0 0 rg BT 322.68 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 333.55 740.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 347.18 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.93 740.10 Td (per) Tj ET Q q 0 0 0 rg BT 374.50 740.10 Td (-share ) Tj ET Q q 0 0 0 rg BT 401.46 740.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 434.00 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 444.86 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 459.61 740.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 499.37 740.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 519.12 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 536.09 740.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 550.29 740.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (number ) Tj ET Q q 0 0 0 rg BT 82.30 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 92.39 728.10 Td (A) Tj ET Q q 0 0 0 rg BT 98.70 728.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 120.94 728.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 163.74 728.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 188.78 728.10 Td (held ) Tj ET Q q 0 0 0 rg BT 208.25 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 220.51 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.98 728.10 Td (record ) Tj ET Q q 0 0 0 rg BT 262.78 728.10 Td (date ) Tj ET Q q 0 0 0 rg BT 281.69 728.10 Td (related ) Tj ET Q q 0 0 0 rg BT 311.15 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 321.19 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.66 728.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 375.14 728.10 Td (being ) Tj ET Q q 0 0 0 rg BT 399.61 728.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 419.08 728.10 Td (on ) Tj ET Q q 0 0 0 rg BT 431.34 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 445.81 728.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 491.40 728.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 516.43 728.10 Td (represented ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 61.94 716.10 Td (such ) Tj ET Q q 0 0 0 rg BT 82.18 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 88.48 716.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 110.92 716.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 153.90 716.10 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 181.90 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 192.68 716.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 207.34 716.10 Td (other ) Tj ET Q q 0 0 0 rg BT 230.33 716.10 Td (property) Tj ET Q q 0 0 0 rg BT 263.56 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 268.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.16 716.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 315.60 716.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 363.02 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 375.47 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 389.59 716.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 445.14 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 450.08 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 452.53 716.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 489.97 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 500.19 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.85 716.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 539.51 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 716.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 71.51 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 85.45 704.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 126.07 704.10 Td (will ) Tj ET Q q 0 0 0 rg BT 143.35 704.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 167.84 704.10 Td (custody ) Tj ET Q q 0 0 0 rg BT 200.68 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.74 704.10 Td (all ) Tj ET Q q 0 0 0 rg BT 222.46 704.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 261.41 704.10 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 310.35 704.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 339.85 704.10 Td (are ) Tj ET Q q 0 0 0 rg BT 353.78 704.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 383.84 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 393.34 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.29 704.10 Td (same ) Tj ET Q q 0 0 0 rg BT 429.56 704.10 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 478.23 704.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 504.67 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 520.84 704.10 Td (conditions ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 59.63 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 73.66 692.10 Td (related ) Tj ET Q q 0 0 0 rg BT 102.26 692.10 Td (A) Tj ET Q q 0 0 0 rg BT 108.57 692.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 130.36 692.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 172.71 692.10 Td (Stock\) ) Tj ET Q q 0 0 0 rg BT 200.62 692.10 Td (until ) Tj ET Q q 0 0 0 rg BT 220.76 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.78 692.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 279.91 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.04 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.07 692.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 343.07 692.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 372.92 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 374.73 692.10 Td (If ) Tj ET Q q 0 0 0 rg BT 383.19 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 389.43 692.10 Td (share ) Tj ET Q q 0 0 0 rg BT 412.34 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.07 692.10 Td (A) Tj ET Q q 0 0 0 rg BT 428.38 692.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 450.17 692.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 492.52 692.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 517.10 692.10 Td (is ) Tj ET Q q 0 0 0 rg BT 525.57 692.10 Td (forfeited, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (any ) Tj ET Q q 0 0 0 rg BT 66.44 680.10 Td (such ) Tj ET Q q 0 0 0 rg BT 87.27 680.10 Td (related ) Tj ET Q q 0 0 0 rg BT 116.97 680.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 156.69 680.10 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 206.40 680.10 Td (also ) Tj ET Q q 0 0 0 rg BT 225.01 680.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 246.39 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 258.33 680.10 Td (forfeited. ) Tj ET Q q 0 0 0 rg BT 297.76 680.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.90 656.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 125.39 656.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 146.66 656.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 176.81 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.24 656.10 Td (V) Tj ET Q q 0 0 0 rg BT 197.35 656.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 220.28 656.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 249.33 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.15 656.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 305.75 656.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 351.46 656.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 383.84 656.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 401.77 656.10 Td (former ) Tj ET Q q 0 0 0 rg BT 431.36 656.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 465.39 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.77 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.37 656.10 Td (number ) Tj ET Q q 0 0 0 rg BT 525.31 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.85 656.10 Td (V) Tj ET Q q 0 0 0 rg BT 541.96 656.10 Td (ested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 77.87 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.90 644.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 109.88 644.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.92 644.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 165.21 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.36 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.28 644.10 Td (latter ) Tj ET Q q 0 0 0 rg BT 217.53 644.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 250.88 644.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.59 644.10 Td (payroll ) Tj ET Q q 0 0 0 rg BT 292.62 644.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 333.76 644.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 372.67 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.15 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.70 644.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 453.51 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.99 644.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 479.14 644.10 Td (required ) Tj ET Q q 0 0 0 rg BT 514.16 644.10 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 632.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 107.26 632.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 114.76 632.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 144.47 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.75 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 632.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 199.73 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.56 632.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 231.96 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.79 632.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 288.60 632.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 323.88 632.10 Td (following ) Tj ET Q q 0 0 0 rg BT 365.27 632.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 399.15 632.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 608.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 606.53505859375 m 186.810546875 606.53505859375 l s q 0 0 0 rg BT 85.50 608.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.33 608.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.26 608.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 144.06 608.10 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.81 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.12 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.73 608.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.08 608.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 238.67 608.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.25 608.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.89 608.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.19 608.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 309.99 608.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.01 608.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.60 608.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 390.60 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 403.41 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.44 608.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 449.02 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.37 608.10 Td (than ) Tj ET Q q 0 0 0 rg BT 492.40 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.54 608.10 Td (set ) Tj ET Q q 0 0 0 rg BT 517.46 608.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 539.71 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 608.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 72.28 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (7) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 54.50 572.10 Td (. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 570.53505859375 m 244.5732421875 570.53505859375 l s q 0 0 0 rg BT 85.50 572.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.83 572.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 127.60 572.10 Td (T) Tj ET Q q 0 0 0 rg BT 133.35 572.10 Td (o ) Tj ET Q q 0 0 0 rg BT 141.45 572.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 189.57 572.10 Td (Employment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.57 572.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.07 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.18 572.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.28 572.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 286.37 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.69 572.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 322.58 572.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 339.01 572.10 Td (this ) Tj ET Q q 0 0 0 rg BT 355.88 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 362.18 572.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 385.28 572.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 407.27 572.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 435.91 572.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 459.01 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.33 572.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 505.21 572.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.75 572.10 Td (right ) Tj ET Q q 0 0 0 rg BT 544.74 572.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.29 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.54 560.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 143.00 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.80 560.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 206.27 560.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.74 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.43 560.10 Td (Company) Tj ET Q q 0 0 0 rg BT 271.66 560.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.64 560.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.44 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.35 560.10 Td (right ) Tj ET Q q 0 0 0 rg BT 325.71 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.96 560.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 368.98 560.10 Td (services ) Tj ET Q q 0 0 0 rg BT 403.66 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.60 560.10 Td (Company) Tj ET Q q 0 0 0 rg BT 466.83 560.10 Td (, ) Tj ET Q q 0 0 0 rg BT 471.81 560.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 487.61 560.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 508.97 560.10 Td (they ) Tj ET Q q 0 0 0 rg BT 528.66 560.10 Td (interfere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.69 548.10 Td (any ) Tj ET Q q 0 0 0 rg BT 76.54 548.10 Td (way ) Tj ET Q q 0 0 0 rg BT 95.62 548.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.81 548.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 143.95 548.10 Td () Tj ET Q q 0 0 0 rg BT 146.73 548.10 Td (s ) Tj ET Q q 0 0 0 rg BT 153.03 548.10 Td (right ) Tj ET Q q 0 0 0 rg BT 174.33 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.52 548.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 224.70 548.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 279.60 548.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.34 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.98 548.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 351.97 548.10 Td (right ) Tj ET Q q 0 0 0 rg BT 373.27 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.46 548.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 423.63 548.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 451.77 548.10 Td () Tj ET Q q 0 0 0 rg BT 454.55 548.10 Td (s ) Tj ET Q q 0 0 0 rg BT 460.86 548.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 515.76 548.10 Td (at ) Tj ET Q q 0 0 0 rg BT 525.39 548.10 Td (any ) Tj ET Q q 0 0 0 rg BT 542.24 548.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 524.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 522.53505859375 m 152.6328125 522.53505859375 l s q 0 0 0 rg BT 85.50 524.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 524.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 524.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 524.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 524.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 524.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 524.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 524.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 524.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 524.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 524.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 524.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 524.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 524.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 524.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 524.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 524.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 512.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 512.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 512.10 Td (Delaware. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (9.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 488.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 486.53505859375 m 147.72314453125 486.53505859375 l s q 0 0 0 rg BT 85.50 488.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 122.19 488.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.72 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.00 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.57 488.10 Td (This ) Tj ET Q q 0 0 0 rg BT 175.51 488.10 Td (A) Tj ET Q q 0 0 0 rg BT 181.82 488.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 204.58 488.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 226.24 488.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 249.56 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.12 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.11 488.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 305.65 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.97 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.18 488.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 379.51 488.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 402.29 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 488.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 441.99 488.10 Td (executors, ) Tj ET Q q 0 0 0 rg BT 485.58 488.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 548.07 488.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 476.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 135.03 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.97 476.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 183.36 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.19 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 476.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.06 476.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (10.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 452.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 450.53505859375 m 136.603515625 450.53505859375 l s q 0 0 0 rg BT 85.50 452.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 452.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 452.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 452.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 452.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 452.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 452.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 452.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 452.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 452.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 452.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 452.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 452.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 452.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 452.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 452.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 452.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 440.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 440.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 440.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 440.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 440.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 440.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 440.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 440.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 440.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 440.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 440.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 440.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 440.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 440.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 440.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 440.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 440.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 440.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 440.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 440.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 440.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 440.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 440.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 428.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 428.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 428.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 428.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 428.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 404.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.45 404.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 402.53505859375 m 176.6376953125 402.53505859375 l s q 0 0 0 rg BT 85.50 404.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 134.42 404.10 Td (Authority) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 404.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.34 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.39 404.10 Td (This ) Tj ET Q q 0 0 0 rg BT 202.89 404.10 Td (A) Tj ET Q q 0 0 0 rg BT 209.19 404.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 231.39 404.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 252.48 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.12 404.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 317.98 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.19 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.61 404.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 393.75 404.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.40 404.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 441.49 404.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 465.91 404.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 487.56 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.20 404.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 550.84 404.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.14 392.10 Td (out ) Tj ET Q q 0 0 0 rg BT 100.25 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 392.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 152.68 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.34 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.37 392.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.67 392.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 205.99 392.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 225.26 392.10 Td (without ) Tj ET Q q 0 0 0 rg BT 258.15 392.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 301.86 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 321.41 392.10 Td (delegate ) Tj ET Q q 0 0 0 rg BT 357.05 392.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.37 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.03 392.10 Td (what, ) Tj ET Q q 0 0 0 rg BT 404.30 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.41 392.10 Td (its ) Tj ET Q q 0 0 0 rg BT 426.18 392.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 444.62 392.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 488.88 392.10 Td (it ) Tj ET Q q 0 0 0 rg BT 496.77 392.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 542.97 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 392.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (ministerial ) Tj ET Q q 0 0 0 rg BT 94.88 380.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 121.37 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.76 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.00 380.10 Td (Administrator; ) Tj ET Q q 0 0 0 rg BT 207.49 380.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 248.15 380.10 Td (further) Tj ET Q q 0 0 0 rg BT 274.95 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.06 380.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.66 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.49 380.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 374.52 380.10 Td (under) Tj ET Q q 0 0 0 rg BT 396.89 380.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.00 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.05 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 380.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 494.24 380.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 507.67 380.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.72 380.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 368.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.80 368.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 103.29 368.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.79 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.51 368.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.44 368.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 201.33 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.61 368.10 Td (all ) Tj ET Q q 0 0 0 rg BT 224.10 368.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 250.20 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.14 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.42 368.10 Td (its ) Tj ET Q q 0 0 0 rg BT 284.37 368.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 302.98 368.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 347.41 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.35 368.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 385.74 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.67 368.10 Td (final ) Tj ET Q q 0 0 0 rg BT 418.50 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.44 368.10 Td (conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 344.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 342.53505859375 m 128.283203125 342.53505859375 l s q 0 0 0 rg BT 85.50 344.10 Td (Clawback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.28 344.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.12 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.49 344.10 Td (A) Tj ET Q q 0 0 0 rg BT 156.80 344.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 179.12 344.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 222.01 344.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 247.12 344.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.13 344.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.80 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.91 344.10 Td (any ) Tj ET Q q 0 0 0 rg BT 313.69 344.10 Td (written ) Tj ET Q q 0 0 0 rg BT 344.35 344.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 384.45 344.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 417.89 344.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.22 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.78 344.10 Td (Company) Tj ET Q q 0 0 0 rg BT 488.02 344.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.85 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.97 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 344.10 Td (approval ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.52 332.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 105.20 332.10 Td (may ) Tj ET Q q 0 0 0 rg BT 125.16 332.10 Td (adopt. ) Tj ET Q q 0 0 0 rg BT 152.01 332.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 171.97 332.10 Td (such ) Tj ET Q q 0 0 0 rg BT 193.03 332.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 220.77 332.10 Td (may ) Tj ET Q q 0 0 0 rg BT 240.72 332.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.79 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.14 332.10 Td (A) Tj ET Q q 0 0 0 rg BT 292.44 332.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 315.17 332.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 358.45 332.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 383.97 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.14 332.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.77 332.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 457.72 332.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.79 332.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 503.17 332.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.69 332.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.74 332.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.20 320.10 Td (A) Tj ET Q q 0 0 0 rg BT 70.50 320.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 93.67 320.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 137.40 320.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 163.36 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.32 320.10 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 217.77 320.10 Td (cancelation, ) Tj ET Q q 0 0 0 rg BT 268.98 320.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 309.91 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.43 320.10 Td (recoupment ) Tj ET Q q 0 0 0 rg BT 371.81 320.10 Td (if ) Tj ET Q q 0 0 0 rg BT 381.10 320.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.49 320.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 450.76 320.10 Td (events ) Tj ET Q q 0 0 0 rg BT 479.49 320.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.00 320.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 530.85 320.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (occur) Tj ET Q q 0 0 0 rg BT 71.31 308.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.37 308.10 Td (including ) Tj ET Q q 0 0 0 rg BT 114.71 308.10 Td (but ) Tj ET Q q 0 0 0 rg BT 129.05 308.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.40 308.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 173.29 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.63 308.10 Td (an ) Tj ET Q q 0 0 0 rg BT 193.64 308.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.08 308.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 286.73 308.10 Td (due ) Tj ET Q q 0 0 0 rg BT 302.73 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.08 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.86 308.10 Td (Company) Tj ET Q q 0 0 0 rg BT 367.52 308.10 Td (s ) Tj ET Q q 0 0 0 rg BT 372.98 308.10 Td (material ) Tj ET Q q 0 0 0 rg BT 407.30 308.10 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 469.96 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.30 308.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.85 308.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.90 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.20 296.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.72 296.10 Td (events ) Tj ET Q q 0 0 0 rg BT 156.24 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.54 296.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 205.17 296.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 238.79 296.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 276.86 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.61 296.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.02 296.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.32 296.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 363.04 296.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 390.01 296.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 423.63 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.38 296.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 469.23 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 296.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 296.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 543.87 296.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.51 296.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 74.40 284.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 106.53 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.54 284.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 165.23 284.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 207.56 284.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 223.58 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 284.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 255.06 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 284.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 292.09 284.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 344.21 284.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 388.54 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.12 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.91 284.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.92 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 284.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 511.94 284.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 272.10 Td (that ) Tj ET Q q 0 0 0 rg BT 83.93 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 272.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.04 272.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 186.41 272.10 Td (should ) Tj ET Q q 0 0 0 rg BT 215.58 272.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 240.30 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.57 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.74 272.10 Td (A) Tj ET Q q 0 0 0 rg BT 271.04 272.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 293.53 272.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 336.58 272.10 Td (Stock.) Tj ET Q endstream endobj 271 0 obj <> endobj 272 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-4) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (13.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 740.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 738.68505859375 m 227.4970703125 738.68505859375 l s q 0 0 0 rg BT 85.50 740.25 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 139.13 740.25 Td (with ) Tj ET Q q 0 0 0 rg BT 160.54 740.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 204.71 740.25 Td (Laws) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.50 740.25 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.52 740.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 301.70 740.25 Td (any ) Tj ET Q q 0 0 0 rg BT 318.66 740.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 358.96 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 369.81 740.25 Td (this ) Tj ET Q q 0 0 0 rg BT 386.22 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 392.52 740.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 415.03 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 425.33 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 440.07 740.25 Td (contrary) Tj ET Q q 0 0 0 rg BT 472.73 740.25 Td (, ) Tj ET Q q 0 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BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 67.03 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 81.77 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 97.08 524.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 135.72 524.25 Td (set ) Tj ET Q q 0 0 0 rg BT 149.91 524.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 172.44 524.25 Td (in, ) Tj ET Q q 0 0 0 rg BT 185.80 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 201.11 524.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 224.20 524.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 263.95 524.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 289.82 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 307.34 524.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 347.63 524.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 368.50 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.25 524.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 421.33 524.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 465.51 524.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 486.37 524.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.78 524.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 536.97 524.25 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 83.09 512.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 101.14 512.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.58 512.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 125.03 512.25 Td (\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 140.65 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 149.95 488.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 196.43 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 215.73 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 229.47 488.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 272.66 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.51 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 296.25 488.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 318.05 488.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 360.12 488.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 384.42 488.25 Td (will ) Tj ET Q q 0 0 0 rg BT 401.50 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 412.46 488.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 438.98 488.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.50 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.24 488.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.65 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.95 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.69 488.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.83 488.25 Td () Tj ET Q q 0 0 0 rg BT 558.61 488.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (name ) Tj ET Q q 0 0 0 rg BT 73.42 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.12 476.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.82 476.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 129.08 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.79 476.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 194.71 476.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.64 476.25 Td (all ) Tj ET Q q 0 0 0 rg BT 220.90 476.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 258.71 476.25 Td (\(except ) Tj ET Q q 0 0 0 rg BT 290.40 476.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.99 476.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 338.80 476.25 Td (below ) Tj ET Q q 0 0 0 rg BT 365.50 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.10 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.14 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.62 476.25 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 423.99 476.25 Td (but ) Tj ET Q q 0 0 0 rg BT 439.03 476.25 Td (held ) Tj ET Q q 0 0 0 rg BT 458.51 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 470.77 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.25 476.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.40 476.25 Td (\(together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.40 464.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.96 464.25 Td (power ) Tj ET Q q 0 0 0 rg BT 139.40 464.25 Td (set ) Tj ET Q q 0 0 0 rg BT 153.96 464.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 176.85 464.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 208.07 464.25 Td (until ) Tj ET Q q 0 0 0 rg BT 229.85 464.25 Td (such ) Tj ET Q q 0 0 0 rg BT 251.63 464.25 Td (time ) Tj ET Q q 0 0 0 rg BT 272.86 464.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.64 464.25 Td (such ) Tj ET Q q 0 0 0 rg BT 306.42 464.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 350.42 464.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 376.64 464.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 415.08 464.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 444.08 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.53 464.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 487.08 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.86 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.53 464.25 Td (lapse ) Tj ET Q q 0 0 0 rg BT 538.53 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.31 464.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.09 452.25 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 142.52 452.25 Td (after ) Tj ET Q q 0 0 0 rg BT 163.34 452.25 Td (which ) Tj ET Q q 0 0 0 rg BT 190.28 452.25 Td (time ) Tj ET Q q 0 0 0 rg BT 210.55 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.27 452.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.65 452.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 288.04 452.25 Td (make ) Tj ET Q q 0 0 0 rg BT 312.20 452.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 347.46 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.29 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.83 452.25 Td (V) Tj ET Q q 0 0 0 rg BT 378.94 452.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 401.99 452.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 431.15 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.42 452.25 Td (Holder; ) Tj ET Q q 0 0 0 rg BT 474.47 452.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 428.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.76 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.62 428.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.14 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.22 428.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 250.62 428.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 298.14 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.21 428.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 341.50 428.25 Td (that ) Tj ET Q q 0 0 0 rg BT 360.13 428.25 Td (this ) Tj ET Q q 0 0 0 rg BT 377.41 428.25 Td (A) Tj ET Q q 0 0 0 rg BT 383.72 428.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 407.34 428.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.65 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.07 428.25 Td (all ) Tj ET Q q 0 0 0 rg BT 442.70 428.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 478.54 428.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.51 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.92 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.78 428.25 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 93.85 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.86 416.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 153.11 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.02 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.81 416.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 198.66 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.68 416.25 Td (all ) Tj ET Q q 0 0 0 rg BT 226.25 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.16 416.25 Td (which ) Tj ET Q q 0 0 0 rg BT 262.17 416.25 Td (are ) Tj ET Q q 0 0 0 rg BT 275.95 416.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 328.06 416.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 354.62 416.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.20 416.25 Td (reference, ) Tj ET Q q 0 0 0 rg BT 407.46 416.25 Td (except ) Tj ET Q q 0 0 0 rg BT 435.13 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.48 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.28 416.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 484.29 416.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 524.74 416.25 Td (expressly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.55 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.83 404.25 Td (this ) Tj ET Q q 0 0 0 rg BT 114.22 404.25 Td (A) Tj ET Q q 0 0 0 rg BT 120.53 404.25 Td (ward; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 380.25 Td (NOW) Tj ET Q q 0 0 0 rg BT 110.32 380.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.12 380.25 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 380.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.43 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.23 380.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.13 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.48 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 380.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 306.52 380.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 349.52 380.25 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 395.85 380.25 Td (set ) Tj ET Q q 0 0 0 rg BT 409.98 380.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 432.44 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.90 380.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.58 380.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.15 380.25 Td (good ) Tj ET Q q 0 0 0 rg BT 511.18 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.64 380.25 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 368.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 368.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 368.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 368.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 368.25 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 344.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 342.68505859375 m 188.3740234375 342.68505859375 l s q 0 0 0 rg BT 85.50 344.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 132.97 344.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 159.67 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 166.15 344.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 188.37 344.25 Td (. ) Tj ET Q q 0 0 0 rg BT 194.48 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 197.82 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 216.98 344.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 259.47 344.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 290.28 344.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 318.32 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.71 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.53 344.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 376.90 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 389.94 344.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 432.41 344.25 Td (of ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 444.35 344.25 Td (Forty-One ) Tj ET Q q 0 0 0 rg BT 492.68 344.25 Td (Thousand, ) Tj ET Q q 0 0 0 rg BT 541.59 344.25 Td (Four) Tj ET Q q 0 0 0 rg BT 562.52 344.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (Hundr) Tj ET Q q 0 0 0 rg BT 78.22 332.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 90.95 332.25 Td (Eighty-Seven ) Tj ET Q q 0 0 0 rg BT 150.36 332.25 Td (\(41,487\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 184.52 332.25 Td ( ) Tj ET Q q 0 0 0 rg BT 187.25 332.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 214.97 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 226.04 332.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 269.31 332.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 294.83 332.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 302.59 332.25 Td (A) Tj ET Q q 0 0 0 rg BT 309.07 332.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 334.03 332.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 380.63 332.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 404.52 332.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 415.02 332.25 Td (on ) Tj ET Q q 0 0 0 rg BT 427.76 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 442.71 332.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 467.66 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.83 332.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 529.23 332.25 Td (set ) Tj ET Q q 0 0 0 rg BT 543.07 332.25 Td (forth ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 59.70 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.33 320.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 94.53 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.39 320.25 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 169.35 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 179.54 320.25 Td (this ) Tj ET Q q 0 0 0 rg BT 195.88 320.25 Td (A) Tj ET Q q 0 0 0 rg BT 202.18 320.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 227.09 320.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 269.78 320.25 Td (without ) Tj ET Q q 0 0 0 rg BT 302.75 320.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 346.56 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 361.20 320.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 408.05 320.25 Td (more ) Tj ET Q q 0 0 0 rg BT 431.01 320.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 479.52 320.25 Td (set ) Tj ET Q q 0 0 0 rg BT 493.05 320.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 514.90 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 525.10 320.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 557.51 320.25 Td (2 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (below) Tj ET Q q 0 0 0 rg BT 73.29 308.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 284.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 282.68505859375 m 229.4365234375 282.68505859375 l s q 0 0 0 rg BT 85.50 284.25 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 284.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 118.88 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.83 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 135.31 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 159.60 284.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 205.54 284.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.44 284.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.01 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.94 284.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.56 284.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 300.07 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 312.14 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 332.28 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 354.35 284.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 396.96 284.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 421.82 284.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 442.78 284.25 Td (lapse ) Tj ET Q q 0 0 0 rg BT 465.40 284.25 Td (\(A) Tj ET Q q 0 0 0 rg BT 475.03 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 497.10 284.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 539.72 284.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.45 272.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 99.93 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.88 272.25 Td (which ) Tj ET Q q 0 0 0 rg BT 136.49 272.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 183.09 272.25 Td (have ) Tj ET Q q 0 0 0 rg BT 204.14 272.25 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 231.85 272.25 Td (being ) Tj ET Q q 0 0 0 rg BT 256.24 272.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 283.40 272.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 317.20 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.15 272.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.65 272.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.09 272.25 Td (V) Tj ET Q q 0 0 0 rg BT 348.39 272.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 372.22 272.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 392.60 272.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.93 272.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 410.87 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.48 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 447.50 272.25 Td (A) Tj ET Q q 0 0 0 rg BT 453.80 272.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 475.96 272.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 518.67 272.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 543.62 272.25 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (become ) Tj ET Q q 0 0 0 rg BT 83.24 260.25 Td (non-forfeitable ) Tj ET Q q 0 0 0 rg BT 145.86 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 162.94 260.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 188.92 260.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 217.11 260.25 Td (on ) Tj ET Q q 0 0 0 rg BT 229.75 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 244.62 260.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 291.11 260.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 303.20 260.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 323.61 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 334.59 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 349.45 260.25 Td (earliest ) Tj ET Q q 0 0 0 rg BT 380.97 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 391.94 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.80 260.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 430.00 260.25 Td (set ) Tj ET Q q 0 0 0 rg BT 443.75 260.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 465.83 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.26 260.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 490.00 260.25 Td (through ) Tj ET Q q 0 0 0 rg BT 523.76 260.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 538.06 260.25 Td (below ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 57.27 248.25 Td (V) Tj ET Q q 0 0 0 rg BT 63.57 248.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 91.07 248.25 Td (Dates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 114.95 248.25 Td (\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 224.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 224.25 Td (May ) Tj ET Q q 0 0 0 rg BT 142.33 224.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 157.33 224.25 Td (2017; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 200.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 121.50 200.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 200.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 200.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 200.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 194.34 200.25 Td () Tj ET Q q 0 0 0 rg BT 197.12 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 203.51 200.25 Td (death ) Tj ET Q q 0 0 0 rg BT 227.67 200.25 Td (or ) Tj ET Q q 0 0 0 rg BT 238.50 200.25 Td (Disability; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 176.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 121.50 176.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 176.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 176.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 176.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 206.19 176.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.02 176.25 Td (Control; ) Tj ET Q q 0 0 0 rg BT 252.85 176.25 Td (and) Tj ET Q endstream endobj 279 0 obj <> endobj 280 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (2) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 716.10 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 121.50 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 716.10 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 716.10 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 716.10 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 238.97 716.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 272.01 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 282.84 716.10 Td (Control. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 692.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.58 692.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 141.32 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.83 692.10 Td (this ) Tj ET Q q 0 0 0 rg BT 169.76 692.10 Td (A) Tj ET Q q 0 0 0 rg BT 176.07 692.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 201.74 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.15 692.10 Td (term ) Tj ET Q q 0 0 0 rg BT 238.66 692.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.10 692.10 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 314.61 692.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 350.58 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.10 692.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 387.47 692.10 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.25 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 402.87 692.10 Td (means ) Tj ET Q q 0 0 0 rg BT 431.60 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 439.23 692.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 472.96 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 484.48 692.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 518.22 692.10 Td (that ) Tj ET Q q 0 0 0 rg BT 536.40 692.10 Td (occurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (following ) Tj ET Q q 0 0 0 rg BT 91.31 680.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 119.45 680.10 Td () Tj ET Q q 0 0 0 rg BT 122.23 680.10 Td (s ) Tj ET Q q 0 0 0 rg BT 129.04 680.10 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 177.23 680.10 Td (but ) Tj ET Q q 0 0 0 rg BT 192.93 680.10 Td (where ) Tj ET Q q 0 0 0 rg BT 220.29 680.10 Td (such ) Tj ET Q q 0 0 0 rg BT 241.54 680.10 Td (Separation ) Tj ET Q q 0 0 0 rg BT 287.23 680.10 Td (resulted ) Tj ET Q q 0 0 0 rg BT 321.81 680.10 Td (from ) Tj ET Q q 0 0 0 rg BT 344.17 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 680.10 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 427.77 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.17 680.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 487.64 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.89 680.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 532.37 680.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.73 680.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 77.64 668.10 Td () Tj ET Q q 0 0 0 rg BT 80.42 668.10 Td (s ) Tj ET Q q 0 0 0 rg BT 86.72 668.10 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 134.40 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 136.82 668.10 Td (For ) Tj ET Q q 0 0 0 rg BT 153.12 668.10 Td (all ) Tj ET Q q 0 0 0 rg BT 165.53 668.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 203.50 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.24 668.10 Td (this ) Tj ET Q q 0 0 0 rg BT 230.57 668.10 Td (A) Tj ET Q q 0 0 0 rg BT 236.88 668.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 261.78 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 276.41 668.10 Td (term ) Tj ET Q q 0 0 0 rg BT 297.15 668.10 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.59 668.10 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 373.43 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 384.17 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.91 668.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 435.11 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 445.86 668.10 Td (Contr) Tj ET Q q 0 0 0 rg BT 471.23 668.10 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.01 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 485.86 668.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 507.16 668.10 Td (mean ) Tj ET Q q 0 0 0 rg BT 531.23 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 545.86 668.10 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (on ) Tj ET Q q 0 0 0 rg BT 63.14 656.10 Td (which ) Tj ET Q q 0 0 0 rg BT 91.21 656.10 Td (any ) Tj ET Q q 0 0 0 rg BT 109.28 656.10 Td (material ) Tj ET Q q 0 0 0 rg BT 145.68 656.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 176.25 656.10 Td (including ) Tj ET Q q 0 0 0 rg BT 217.65 656.10 Td (without ) Tj ET Q q 0 0 0 rg BT 251.85 656.10 Td (limitation ) Tj ET Q q 0 0 0 rg BT 294.37 656.10 Td (through ) Tj ET Q q 0 0 0 rg BT 329.11 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 337.19 656.10 Td (written ) Tj ET Q q 0 0 0 rg BT 369.15 656.10 Td (of) Tj ET Q q 0 0 0 rg BT 377.30 656.10 Td (fer) Tj ET Q q 0 0 0 rg BT 387.99 656.10 Td (, ) Tj ET Q q 0 0 0 rg BT 394.13 656.10 Td (open-market ) Tj ET Q q 0 0 0 rg BT 448.30 656.10 Td (bid, ) Tj ET Q q 0 0 0 rg BT 467.21 656.10 Td (corporate ) Tj ET Q q 0 0 0 rg BT 508.60 656.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 539.17 656.10 Td (proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 96.15 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.69 644.10 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 150.28 644.10 Td (is ) Tj ET Q q 0 0 0 rg BT 159.16 644.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 183.03 644.10 Td (by ) Tj ET Q q 0 0 0 rg BT 195.24 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 201.89 644.10 Td (person ) Tj ET Q q 0 0 0 rg BT 239.64 644.10 Td (\(as ) Tj ET Q q 0 0 0 rg BT 253.51 644.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 285.71 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.70 644.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 327.91 644.10 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 351.78 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 362.32 644.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.53 644.10 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 430.06 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.03 644.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 476.76 644.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 499.24 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 509.78 644.10 Td (a ) Tj ET Q q 0 0 0 rg BT 516.43 644.10 Td (group ) Tj ET Q q 0 0 0 rg BT 550.85 644.10 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.96 632.10 Td (in ) Tj ET Q q 0 0 0 rg BT 92.21 632.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 124.67 632.10 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 160.46 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.95 632.10 Td (1934 ) Tj ET Q q 0 0 0 rg BT 207.88 632.10 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 230.61 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 241.42 632.10 Td (their ) Tj ET Q q 0 0 0 rg BT 262.21 632.10 Td (af) Tj ET Q q 0 0 0 rg BT 269.80 632.10 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 301.98 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.23 632.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 358.01 632.10 Td (ef) Tj ET Q q 0 0 0 rg BT 365.60 632.10 Td (forts ) Tj ET Q q 0 0 0 rg BT 386.40 632.10 Td (that, ) Tj ET Q q 0 0 0 rg BT 406.37 632.10 Td (within ) Tj ET Q q 0 0 0 rg BT 434.39 632.10 Td (12 ) Tj ET Q q 0 0 0 rg BT 446.86 632.10 Td (months ) Tj ET Q q 0 0 0 rg BT 478.78 632.10 Td (after ) Tj ET Q q 0 0 0 rg BT 499.57 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 632.10 Td (date ) Tj ET Q q 0 0 0 rg BT 533.38 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 632.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (material ) Tj ET Q q 0 0 0 rg BT 84.76 620.10 Td (action, ) Tj ET Q q 0 0 0 rg BT 114.19 620.10 Td (leads ) Tj ET Q q 0 0 0 rg BT 137.24 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 147.52 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 154.46 620.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 187.50 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 198.33 620.10 Td (Control ) Tj ET Q q 0 0 0 rg BT 231.39 620.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 272.22 620.10 Td (such ) Tj ET Q q 0 0 0 rg BT 293.05 620.10 Td (person, ) Tj ET Q q 0 0 0 rg BT 324.71 620.10 Td (group, ) Tj ET Q q 0 0 0 rg BT 353.04 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.88 620.10 Td (their ) Tj ET Q q 0 0 0 rg BT 384.70 620.10 Td (af) Tj ET Q q 0 0 0 rg BT 392.29 620.10 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 596.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 594.53505859375 m 303.87255859375 594.53505859375 l s q 0 0 0 rg BT 85.50 596.10 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 139.28 596.10 Td (- ) Tj ET Q q 0 0 0 rg BT 145.28 596.10 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 184.53 596.10 Td (e ) Tj ET Q q 0 0 0 rg BT 191.64 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 202.06 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 208.54 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 233.44 596.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 279.98 596.10 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.87 596.10 Td (. ) Tj ET Q q 0 0 0 rg BT 309.05 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 311.53 596.10 Td (The ) Tj ET Q q 0 0 0 rg BT 329.17 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 335.47 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 358.14 596.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 401.36 596.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 426.81 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 436.16 596.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.16 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.62 596.10 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 524.73 596.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (that ) Tj ET Q q 0 0 0 rg BT 66.99 584.10 Td (all ) Tj ET Q q 0 0 0 rg BT 79.47 584.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 104.74 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 115.56 584.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 145.82 584.10 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 584.10 Td (any ) Tj ET Q q 0 0 0 rg BT 173.02 584.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.50 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 211.32 584.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 254.35 584.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 279.62 584.10 Td (which ) Tj ET Q q 0 0 0 rg BT 306.55 584.10 Td (have ) Tj ET Q q 0 0 0 rg BT 327.91 584.10 Td (not ) Tj ET Q q 0 0 0 rg BT 343.18 584.10 Td (become ) Tj ET Q q 0 0 0 rg BT 376.59 584.10 Td (V) Tj ET Q q 0 0 0 rg BT 382.70 584.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 405.74 584.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 434.89 584.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 456.26 584.10 Td (automatically) Tj ET Q q 0 0 0 rg BT 510.04 584.10 Td (, ) Tj ET Q q 0 0 0 rg BT 515.03 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 584.10 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (notice, ) Tj ET Q q 0 0 0 rg BT 79.07 572.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 119.47 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 136.55 572.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 158.08 572.10 Td (be ) Tj ET Q q 0 0 0 rg BT 170.16 572.10 Td (permanently ) Tj ET Q q 0 0 0 rg BT 222.78 572.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 259.84 572.10 Td (on ) Tj ET Q q 0 0 0 rg BT 272.49 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.34 572.10 Td (date ) Tj ET Q q 0 0 0 rg BT 306.64 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 572.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 345.75 572.10 Td () Tj ET Q q 0 0 0 rg BT 348.53 572.10 Td (s ) Tj ET Q q 0 0 0 rg BT 355.06 572.10 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 402.96 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 405.60 572.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 474.91 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 489.77 572.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 533.79 572.10 Td (if ) Tj ET Q q 0 0 0 rg BT 542.53 572.10 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 59.73 560.10 Td (an ) Tj ET Q q 0 0 0 rg BT 72.74 560.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 117.39 560.10 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 184.28 560.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 218.39 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 230.28 560.10 Td (Control, ) Tj ET Q q 0 0 0 rg BT 266.90 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.68 560.10 Td (previously ) Tj ET Q q 0 0 0 rg BT 328.46 560.10 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 365.66 560.10 Td (A) Tj ET Q q 0 0 0 rg BT 371.97 560.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 395.52 560.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 439.62 560.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 465.97 560.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 487.30 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 505.30 560.10 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.28 548.10 Td (Equivalents\) ) Tj ET Q q 0 0 0 rg BT 142.39 548.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 163.84 548.10 Td (be ) Tj ET Q q 0 0 0 rg BT 175.85 548.10 Td (reinstated ) Tj ET Q q 0 0 0 rg BT 217.29 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 234.29 548.10 Td (become ) Tj ET Q q 0 0 0 rg BT 267.95 548.10 Td (vested ) Tj ET Q q 0 0 0 rg BT 296.06 548.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 315.57 548.10 Td (for ) Tj ET Q q 0 0 0 rg BT 329.79 548.10 Td (all ) Tj ET Q q 0 0 0 rg BT 342.35 548.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 380.47 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 391.37 548.10 Td (this ) Tj ET Q q 0 0 0 rg BT 407.82 548.10 Td (A) Tj ET Q q 0 0 0 rg BT 414.12 548.10 Td (ward, ) Tj ET Q q 0 0 0 rg BT 439.18 548.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 469.51 548.10 Td (will ) Tj ET Q q 0 0 0 rg BT 487.63 548.10 Td (be ) Tj ET Q q 0 0 0 rg BT 499.64 548.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 533.30 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 543.64 548.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (Separated ) Tj ET Q q 0 0 0 rg BT 91.42 536.10 Td (on ) Tj ET Q q 0 0 0 rg BT 103.92 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 118.64 536.10 Td (day ) Tj ET Q q 0 0 0 rg BT 135.58 536.10 Td (after ) Tj ET Q q 0 0 0 rg BT 156.39 536.10 Td (such ) Tj ET Q q 0 0 0 rg BT 177.22 536.10 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 243.05 536.10 Td (Change ) Tj ET Q q 0 0 0 rg BT 276.10 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 286.93 536.10 Td (Control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (4.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 512.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 510.53505859375 m 139.23046875 510.53505859375 l s q 0 0 0 rg BT 85.50 512.10 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 512.10 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.23 512.10 Td (. ) Tj ET Q q 0 0 0 rg BT 144.23 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 146.55 512.10 Td (There ) Tj ET Q q 0 0 0 rg BT 172.37 512.10 Td (will ) Tj ET Q q 0 0 0 rg BT 190.42 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 202.36 512.10 Td (no ) Tj ET Q q 0 0 0 rg BT 214.86 512.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 229.58 512.10 Td (withholding ) Tj ET Q q 0 0 0 rg BT 280.41 512.10 Td (with ) Tj ET Q q 0 0 0 rg BT 300.69 512.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 331.51 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 341.78 512.10 Td (this ) Tj ET Q q 0 0 0 rg BT 358.18 512.10 Td (A) Tj ET Q q 0 0 0 rg BT 364.48 512.10 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (5.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 488.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 486.53505859375 m 287.74462890625 486.53505859375 l s q 0 0 0 rg BT 85.50 488.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 116.04 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 488.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 156.94 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.70 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.58 488.10 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 217.43 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 228.31 488.10 Td (V) Tj ET Q q 0 0 0 rg BT 234.62 488.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 259.03 488.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 279.41 488.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.74 488.10 Td (. ) Tj ET Q q 0 0 0 rg BT 293.00 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 295.15 488.10 Td (As ) Tj ET Q q 0 0 0 rg BT 309.02 488.10 Td (holder ) Tj ET Q q 0 0 0 rg BT 337.32 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.41 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 362.77 488.10 Td (A) Tj ET Q q 0 0 0 rg BT 369.08 488.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 391.82 488.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 435.12 488.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 463.16 488.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 493.68 488.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 515.32 488.10 Td (have ) Tj ET Q q 0 0 0 rg BT 536.96 488.10 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 74.42 476.10 Td (related ) Tj ET Q q 0 0 0 rg BT 103.77 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.70 476.10 Td (such ) Tj ET Q q 0 0 0 rg BT 134.17 476.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.31 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.79 476.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 196.71 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 206.63 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 221.00 476.10 Td (same ) Tj ET Q q 0 0 0 rg BT 243.69 476.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 270.27 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 280.75 476.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.33 476.10 Td (owner ) Tj ET Q q 0 0 0 rg BT 319.47 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 476.10 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 357.37 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 359.51 476.10 Td (However) Tj ET Q q 0 0 0 rg BT 395.76 476.10 Td (, ) Tj ET Q q 0 0 0 rg BT 400.41 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 410.33 476.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 427.47 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 437.95 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 452.31 476.10 Td (right ) Tj ET Q q 0 0 0 rg BT 473.35 476.10 Td (to ) Tj ET Q q 0 0 0 rg BT 483.27 476.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 514.28 476.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 544.74 476.10 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 464.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 84.93 464.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 126.82 464.10 Td (\(Dividends\) ) Tj ET Q q 0 0 0 rg BT 177.58 464.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 210.56 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 221.33 464.10 Td (such ) Tj ET Q q 0 0 0 rg BT 242.00 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 248.30 464.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 271.29 464.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 314.83 464.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 343.11 464.10 Td (during ) Tj ET Q q 0 0 0 rg BT 372.21 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 387.43 464.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 427.62 464.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 458.67 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.88 464.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 504.65 464.10 Td (is ) Tj ET Q q 0 0 0 rg BT 514.31 464.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 547.30 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 558.08 464.10 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.46 452.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 135.52 452.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 177.13 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.09 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.72 452.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 254.80 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 261.98 452.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 301.94 452.10 Td (on ) Tj ET Q q 0 0 0 rg BT 314.68 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.64 452.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.38 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 452.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 393.97 452.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 440.04 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 454.39 452.10 Td (A) Tj ET Q q 0 0 0 rg BT 460.70 452.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 483.43 452.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 526.71 452.10 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 554.74 452.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (each ) Tj ET Q q 0 0 0 rg BT 70.26 440.10 Td (case ) Tj ET Q q 0 0 0 rg BT 89.91 440.10 Td (in ) Tj ET Q q 0 0 0 rg BT 100.13 440.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.53 440.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 170.25 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.14 440.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 217.90 440.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 230.63 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.28 440.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 269.94 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.72 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 295.38 440.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 315.60 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.48 440.10 Td (this ) Tj ET Q q 0 0 0 rg BT 348.83 440.10 Td (A) Tj ET Q q 0 0 0 rg BT 355.13 440.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 380.07 440.10 Td ( ) Tj ET Q q 0 0 0 rg BT 382.33 440.10 Td (The ) Tj ET Q q 0 0 0 rg BT 400.32 440.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.76 440.10 Td (of ) Tj ET Q q 0 0 0 rg BT 443.53 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.19 440.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 497.85 440.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 543.62 440.10 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 61.07 428.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 90.70 428.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 113.11 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 123.57 428.10 Td (other ) Tj ET Q q 0 0 0 rg BT 146.26 428.10 Td (property ) Tj ET Q q 0 0 0 rg BT 182.27 428.10 Td (equal ) Tj ET Q q 0 0 0 rg BT 206.06 428.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 218.47 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 228.39 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 242.74 428.10 Td (case ) Tj ET Q q 0 0 0 rg BT 262.09 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.55 428.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 284.13 428.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.03 428.10 Td (or ) Tj ET Q q 0 0 0 rg BT 314.50 428.10 Td (shares, ) Tj ET Q q 0 0 0 rg BT 344.12 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.48 428.10 Td (product ) Tj ET Q q 0 0 0 rg BT 391.16 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.63 428.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 414.86 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.21 428.10 Td (per) Tj ET Q q 0 0 0 rg BT 441.78 428.10 Td (-share ) Tj ET Q q 0 0 0 rg BT 468.35 428.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 500.48 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 510.95 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.30 428.10 Td (Dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.38 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 86.48 416.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 100.80 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.68 416.10 Td (number ) Tj ET Q q 0 0 0 rg BT 148.88 416.10 Td (of ) Tj ET Q q 0 0 0 rg BT 159.29 416.10 Td (A) Tj ET Q q 0 0 0 rg BT 165.59 416.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 188.24 416.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 231.45 416.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 256.89 416.10 Td (held ) Tj ET Q q 0 0 0 rg BT 276.76 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 289.43 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.30 416.10 Td (record ) Tj ET Q q 0 0 0 rg BT 332.50 416.10 Td (date ) Tj ET Q q 0 0 0 rg BT 351.82 416.10 Td (related ) Tj ET Q q 0 0 0 rg BT 381.68 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 392.12 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.00 416.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 446.88 416.10 Td (being ) Tj ET Q q 0 0 0 rg BT 471.75 416.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 491.63 416.10 Td (on ) Tj ET Q q 0 0 0 rg BT 504.29 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 519.17 416.10 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.79 404.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 123.39 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 135.90 404.10 Td (such ) Tj ET Q q 0 0 0 rg BT 156.19 404.10 Td (A) Tj ET Q q 0 0 0 rg BT 162.50 404.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 185.00 404.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 228.06 404.10 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 256.13 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 266.97 404.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 281.70 404.10 Td (other ) Tj ET Q q 0 0 0 rg BT 304.76 404.10 Td (property) Tj ET Q q 0 0 0 rg BT 337.99 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 343.00 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.73 404.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.24 404.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 437.73 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 450.25 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.42 404.10 Td (Administrator) Tj ET Q q 0 0 0 rg BT 519.98 404.10 Td (. ) Tj ET Q q 0 0 0 rg BT 524.99 404.10 Td ( ) Tj ET Q q 0 0 0 rg BT 527.50 404.10 Td (Pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.70 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.34 392.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.98 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 109.74 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 124.38 392.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 147.08 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.72 392.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.04 392.10 Td (will ) Tj ET Q q 0 0 0 rg BT 221.02 392.10 Td (retain ) Tj ET Q q 0 0 0 rg BT 246.20 392.10 Td (custody ) Tj ET Q q 0 0 0 rg BT 279.74 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 290.49 392.10 Td (all ) Tj ET Q q 0 0 0 rg BT 302.91 392.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 342.55 392.10 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 392.19 392.10 Td (\(which ) Tj ET Q q 0 0 0 rg BT 422.38 392.10 Td (are ) Tj ET Q q 0 0 0 rg BT 437.01 392.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.76 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 477.96 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.61 392.10 Td (same ) Tj ET Q q 0 0 0 rg BT 515.58 392.10 Td (restrictions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (terms, ) Tj ET Q q 0 0 0 rg BT 77.38 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 94.98 380.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 139.81 380.10 Td (as ) Tj ET Q q 0 0 0 rg BT 151.30 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 166.68 380.10 Td (related ) Tj ET Q q 0 0 0 rg BT 196.34 380.10 Td (A) Tj ET Q q 0 0 0 rg BT 202.65 380.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 225.80 380.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 269.50 380.10 Td (Stock\) ) Tj ET Q q 0 0 0 rg BT 298.77 380.10 Td (until ) Tj ET Q q 0 0 0 rg BT 320.27 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 335.65 380.10 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 382.13 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 393.62 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 409.00 380.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 449.37 380.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 480.57 380.10 Td ( ) Tj ET Q q 0 0 0 rg BT 483.74 380.10 Td (If ) Tj ET Q q 0 0 0 rg BT 493.56 380.10 Td (a ) Tj ET Q q 0 0 0 rg BT 501.16 380.10 Td (share ) Tj ET Q q 0 0 0 rg BT 525.42 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 536.21 380.10 Td (A) Tj ET Q q 0 0 0 rg BT 542.52 380.10 Td (ward ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 92.54 368.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 117.82 368.10 Td (is ) Tj ET Q q 0 0 0 rg BT 126.99 368.10 Td (forfeited, ) Tj ET Q q 0 0 0 rg BT 166.41 368.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.35 368.10 Td (such ) Tj ET Q q 0 0 0 rg BT 204.18 368.10 Td (related ) Tj ET Q q 0 0 0 rg BT 233.88 368.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 273.60 368.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 319.42 368.10 Td (also ) Tj ET Q q 0 0 0 rg BT 338.03 368.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 359.42 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 371.36 368.10 Td (forfeited. ) Tj ET Q q 0 0 0 rg BT 410.78 368.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.02 344.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 125.65 344.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 147.07 344.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 177.36 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.92 344.10 Td (V) Tj ET Q q 0 0 0 rg BT 198.04 344.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 221.11 344.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 250.30 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.27 344.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 307.02 344.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 352.87 344.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 385.39 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.70 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.44 344.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 440.74 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 451.60 344.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 473.02 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 483.88 344.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 529.73 344.10 Td (possible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (following ) Tj ET Q q 0 0 0 rg BT 90.89 332.10 Td (vesting.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (6.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 308.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 306.53505859375 m 186.810546875 306.53505859375 l s q 0 0 0 rg BT 85.50 308.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.33 308.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.26 308.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 144.06 308.10 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.81 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.12 308.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.73 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.08 308.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 238.67 308.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.25 308.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.89 308.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.19 308.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 309.99 308.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.01 308.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.60 308.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 390.60 308.10 Td (by ) Tj ET Q q 0 0 0 rg BT 403.41 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.44 308.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 449.02 308.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.37 308.10 Td (than ) Tj ET Q q 0 0 0 rg BT 492.40 308.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.54 308.10 Td (set ) Tj ET Q q 0 0 0 rg BT 517.46 308.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 539.71 308.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 308.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 72.28 296.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (7.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 272.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 270.53505859375 m 251.46923828125 270.53505859375 l s q 0 0 0 rg BT 85.50 272.10 Td (No ) Tj ET Q q 0 0 0 rg BT 101.03 272.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 128.00 272.10 Td (T) Tj ET Q q 0 0 0 rg BT 133.75 272.10 Td (o ) Tj ET Q q 0 0 0 rg BT 142.06 272.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 190.39 272.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 220.38 272.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.47 272.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.97 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.28 272.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 272.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 293.89 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.42 272.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 330.51 272.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 347.16 272.10 Td (this ) Tj ET Q q 0 0 0 rg BT 364.19 272.10 Td (A) Tj ET Q q 0 0 0 rg BT 370.49 272.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 393.79 272.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 415.99 272.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 444.84 272.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 468.16 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.69 272.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 514.77 272.10 Td (any ) Tj ET Q q 0 0 0 rg BT 532.52 272.10 Td (right ) Tj ET Q q 0 0 0 rg BT 554.72 272.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 85.85 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.54 260.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 118.55 260.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.79 260.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.14 260.10 Td (Director) Tj ET Q q 0 0 0 rg BT 168.05 260.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.46 260.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 187.71 260.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 208.50 260.10 Td (they ) Tj ET Q q 0 0 0 rg BT 227.63 260.10 Td (interfere ) Tj ET Q q 0 0 0 rg BT 263.41 260.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.10 260.10 Td (any ) Tj ET Q q 0 0 0 rg BT 289.45 260.10 Td (way ) Tj ET Q q 0 0 0 rg BT 308.02 260.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.71 260.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 355.85 260.10 Td () Tj ET Q q 0 0 0 rg BT 358.63 260.10 Td (s ) Tj ET Q q 0 0 0 rg BT 364.43 260.10 Td (right ) Tj ET Q q 0 0 0 rg BT 385.23 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.92 260.10 Td (resign ) Tj ET Q q 0 0 0 rg BT 421.27 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.51 260.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 472.30 260.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 511.97 260.10 Td (participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 248.10 Td (Board. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (8.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 224.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 222.53505859375002 m 152.6328125 222.53505859375002 l s q 0 0 0 rg BT 85.50 224.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 224.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 224.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 224.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 224.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 224.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 224.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 224.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 224.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 224.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 224.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 224.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 224.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 224.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 224.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 224.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 224.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 224.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 224.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 212.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 212.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 212.10 Td (Delaware. ) Tj ET Q endstream endobj 281 0 obj <> endobj 282 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.50 39.60 Td (3) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (9.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 716.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 714.53505859375 m 147.72314453125 714.53505859375 l s q 0 0 0 rg BT 85.50 716.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 122.19 716.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.72 716.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.00 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.57 716.10 Td (This ) Tj ET Q q 0 0 0 rg BT 175.51 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 181.82 716.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 204.58 716.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 226.24 716.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 249.56 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.12 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.11 716.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 305.65 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.97 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.18 716.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 379.51 716.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 402.29 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 716.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 441.99 716.10 Td (executors, ) Tj ET Q q 0 0 0 rg BT 485.58 716.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 548.07 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 704.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 135.03 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.97 704.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 183.36 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.19 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 704.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.06 704.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (10.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 680.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 678.53505859375 m 136.603515625 678.53505859375 l s q 0 0 0 rg BT 85.50 680.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 680.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 680.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 680.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 680.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 680.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 680.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 680.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 680.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 680.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 680.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 680.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 680.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 680.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 680.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 680.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 680.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 668.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 668.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 668.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 668.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 668.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 668.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 668.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 668.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 668.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 668.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 668.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 668.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 668.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 668.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 668.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 656.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 656.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 656.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 656.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 656.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 656.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 632.10 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 61.45 632.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 630.53505859375 m 176.6376953125 630.53505859375 l s q 0 0 0 rg BT 85.50 632.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 134.42 632.10 Td (Authority) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 632.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.34 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.39 632.10 Td (This ) Tj ET Q q 0 0 0 rg BT 202.89 632.10 Td (A) Tj ET Q q 0 0 0 rg BT 209.19 632.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 231.39 632.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 252.48 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.12 632.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 317.98 632.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.19 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.61 632.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 393.75 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.40 632.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 441.49 632.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 465.91 632.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 487.56 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.20 632.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 550.84 632.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.14 620.10 Td (out ) Tj ET Q q 0 0 0 rg BT 100.25 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 620.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 152.68 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.34 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.37 620.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.67 620.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 205.99 620.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 225.26 620.10 Td (without ) Tj ET Q q 0 0 0 rg BT 258.15 620.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 301.86 620.10 Td (may ) Tj ET Q q 0 0 0 rg BT 321.41 620.10 Td (delegate ) Tj ET Q q 0 0 0 rg BT 357.05 620.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.37 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.03 620.10 Td (what, ) Tj ET Q q 0 0 0 rg BT 404.30 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.41 620.10 Td (its ) Tj ET Q q 0 0 0 rg BT 426.18 620.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 444.62 620.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 488.88 620.10 Td (it ) Tj ET Q q 0 0 0 rg BT 496.77 620.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 542.97 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 620.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (ministerial ) Tj ET Q q 0 0 0 rg BT 94.88 608.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 121.37 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.76 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.00 608.10 Td (Administrator; ) Tj ET Q q 0 0 0 rg BT 207.49 608.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 248.15 608.10 Td (further) Tj ET Q q 0 0 0 rg BT 274.95 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.06 608.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.66 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.49 608.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 374.52 608.10 Td (under) Tj ET Q q 0 0 0 rg BT 396.89 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.00 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.05 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 608.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 494.24 608.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 507.67 608.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.72 608.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.80 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 103.29 596.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.79 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.51 596.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.44 596.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 201.33 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.61 596.10 Td (all ) Tj ET Q q 0 0 0 rg BT 224.10 596.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 250.20 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.14 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.42 596.10 Td (its ) Tj ET Q q 0 0 0 rg BT 284.37 596.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 302.98 596.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 347.41 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.35 596.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 385.74 596.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.67 596.10 Td (final ) Tj ET Q q 0 0 0 rg BT 418.50 596.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.44 596.10 Td (conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (12.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 572.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 570.53505859375 m 227.4384765625 570.53505859375 l s q 0 0 0 rg BT 85.50 572.10 Td (Compliance with Securities Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 227.44 572.10 Td (. Notwithstanding any provision of this ) Tj ET Q q 0 0 0 rg BT 386.05 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 392.35 572.10 Td (ward to the contrary) Tj ET Q q 0 0 0 rg BT 472.50 572.10 Td (, the issuance of Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (will be subject to compliance with all applicable requirements of federal, state, or foreign law with respect to such securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (and with the requirements of any stock exchange or market system upon which the Stock may then be listed. No Stock will be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (issued hereunder if such issuance would constitute a violation of any applicable federal, state, or foreign securities laws or other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (laws or regulations or the requirements of any stock exchange or market system upon which the Stock may then be listed. In ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (addition, Stock will not be issued) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 91.88 500.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 119.28 500.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 132.77 500.10 Td (a ) Tj ET Q q 0 0 0 rg BT 139.61 500.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 187.55 500.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 228.27 500.10 Td (under ) Tj ET Q q 0 0 0 rg BT 253.44 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 268.06 500.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 309.36 500.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 326.20 500.10 Td (is ) Tj ET Q q 0 0 0 rg BT 335.27 500.10 Td (at ) Tj ET Q q 0 0 0 rg BT 344.89 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 359.50 500.10 Td (time ) Tj ET Q q 0 0 0 rg BT 379.68 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 390.41 500.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 426.69 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 436.86 500.10 Td (ef) Tj ET Q q 0 0 0 rg BT 444.45 500.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 461.84 500.10 Td (with ) Tj ET Q q 0 0 0 rg BT 482.01 500.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 512.73 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 522.91 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.52 500.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 77.05 488.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.94 488.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 102.15 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 112.48 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.25 488.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 160.36 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 171.25 488.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 193.24 488.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 226.34 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 237.22 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.99 488.10 Td (Company) Tj ET Q q 0 0 0 rg BT 290.23 488.10 Td (, ) Tj ET Q q 0 0 0 rg BT 295.28 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.05 488.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 337.60 488.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 365.15 488.10 Td (may ) Tj ET Q q 0 0 0 rg BT 384.92 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 396.91 488.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 424.47 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 434.80 488.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 482.31 488.10 Td (with ) Tj ET Q q 0 0 0 rg BT 502.64 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 517.42 488.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 542.19 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 553.07 488.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 92.07 476.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 135.77 476.10 Td (from ) Tj ET Q q 0 0 0 rg BT 156.70 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.40 476.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 217.43 476.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 271.12 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 280.93 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 294.63 476.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 335.23 476.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 353.54 476.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 374.47 476.10 Td (HOLDER ) Tj ET Q q 0 0 0 rg BT 416.50 476.10 Td (IS ) Tj ET Q q 0 0 0 rg BT 426.88 476.10 Td (CAUTIONED ) Tj ET Q q 0 0 0 rg BT 486.58 476.10 Td (THA) Tj ET Q q 0 0 0 rg BT 506.03 476.10 Td (T) Tj ET Q q 0 0 0 rg BT 511.96 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 513.44 476.10 Td (DELIVER) Tj ET Q q 0 0 0 rg BT 555.66 476.10 Td (Y) Tj ET Q q 0 0 0 rg BT 562.51 476.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 65.50 464.10 Td (ST) Tj ET Q q 0 0 0 rg BT 76.99 464.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 101.32 464.10 Td (UPON ) Tj ET Q q 0 0 0 rg BT 131.54 464.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 153.96 464.10 Td (VESTING ) Tj ET Q q 0 0 0 rg BT 199.95 464.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 215.25 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 221.67 464.10 Td (W) Tj ET Q q 0 0 0 rg BT 230.00 464.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 254.33 464.10 Td (RESTRICTED ) Tj ET Q q 0 0 0 rg BT 318.11 464.10 Td (ST) Tj ET Q q 0 0 0 rg BT 329.60 464.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 353.93 464.10 Td (GRANTED ) Tj ET Q q 0 0 0 rg BT 404.92 464.10 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 457.53 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 460.51 464.10 Td (T) Tj ET Q q 0 0 0 rg BT 466.44 464.10 Td (O ) Tj ET Q q 0 0 0 rg BT 476.65 464.10 Td (THIS ) Tj ET Q q 0 0 0 rg BT 501.38 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 507.80 464.10 Td (W) Tj ET Q q 0 0 0 rg BT 516.13 464.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 540.46 464.10 Td (MA) Tj ET Q q 0 0 0 rg BT 555.66 464.10 Td (Y) Tj ET Q q 0 0 0 rg BT 562.51 464.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 69.87 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 72.16 452.10 Td (OCCUR ) Tj ET Q q 0 0 0 rg BT 108.89 452.10 Td (UNLESS ) Tj ET Q q 0 0 0 rg BT 148.79 452.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 170.52 452.10 Td (FOREGOING ) Tj ET Q q 0 0 0 rg BT 230.58 452.10 Td (CONDITIONS ) Tj ET Q q 0 0 0 rg BT 293.47 452.10 Td (ARE ) Tj ET Q q 0 0 0 rg BT 315.75 452.10 Td (SA) Tj ET Q q 0 0 0 rg BT 327.43 452.10 Td (TISFIED. ) Tj ET Q q 0 0 0 rg BT 369.27 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 387.10 452.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 422.71 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 433.33 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 447.83 452.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 489.00 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 499.06 452.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 526.34 452.10 Td (from ) Tj ET Q q 0 0 0 rg BT 548.06 452.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 93.55 440.10 Td (body ) Tj ET Q q 0 0 0 rg BT 116.50 440.10 Td (having ) Tj ET Q q 0 0 0 rg BT 146.67 440.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 195.17 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 210.34 440.10 Td (authority) Tj ET Q q 0 0 0 rg BT 245.80 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 251.25 440.10 Td (if ) Tj ET Q q 0 0 0 rg BT 260.31 440.10 Td (any) Tj ET Q q 0 0 0 rg BT 274.10 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.56 440.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 313.60 440.10 Td (by ) Tj ET Q q 0 0 0 rg BT 326.56 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 341.73 440.10 Td (Company) Tj ET Q q 0 0 0 rg BT 383.39 440.10 Td (s ) Tj ET Q q 0 0 0 rg BT 390.24 440.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 412.62 440.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 446.12 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 456.85 440.10 Td (be ) Tj ET Q q 0 0 0 rg BT 469.25 440.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 511.07 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 521.80 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.97 440.10 Td (lawful ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 85.79 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 102.64 428.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 120.61 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 131.35 428.10 Td (any ) Tj ET Q q 0 0 0 rg BT 148.20 428.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 175.61 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 428.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 211.55 428.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 242.29 428.10 Td (to ) Tj ET Q q 0 0 0 rg BT 252.48 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 266.58 428.10 Td (A) Tj ET Q q 0 0 0 rg BT 272.88 428.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 295.29 428.10 Td (will ) Tj ET Q q 0 0 0 rg BT 313.26 428.10 Td (relieve ) Tj ET Q q 0 0 0 rg BT 342.87 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 357.50 428.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 398.81 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 409.55 428.10 Td (any ) Tj ET Q q 0 0 0 rg BT 426.40 428.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 459.93 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 470.12 428.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 500.85 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 511.59 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 526.23 428.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 554.73 428.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 71.22 416.10 Td (such ) Tj ET Q q 0 0 0 rg BT 91.27 416.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 117.98 416.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.04 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 137.53 416.10 Td (which ) Tj ET Q q 0 0 0 rg BT 163.69 416.10 Td (such ) Tj ET Q q 0 0 0 rg BT 183.75 416.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 219.90 416.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 257.73 416.10 Td (has ) Tj ET Q q 0 0 0 rg BT 272.78 416.10 Td (not ) Tj ET Q q 0 0 0 rg BT 287.28 416.10 Td (been ) Tj ET Q q 0 0 0 rg BT 307.87 416.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 346.15 416.10 Td (As ) Tj ET Q q 0 0 0 rg BT 358.98 416.10 Td (a ) Tj ET Q q 0 0 0 rg BT 365.14 416.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 404.64 416.10 Td (to ) Tj ET Q q 0 0 0 rg BT 414.14 416.10 Td (any ) Tj ET Q q 0 0 0 rg BT 430.30 416.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 465.90 416.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 505.47 416.10 Td (, ) Tj ET Q q 0 0 0 rg BT 509.69 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 416.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.64 404.10 Td (require ) Tj ET Q q 0 0 0 rg BT 100.88 404.10 Td (you ) Tj ET Q q 0 0 0 rg BT 118.80 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 129.51 404.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 158.54 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 175.90 404.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 233.25 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 251.17 404.10 Td (may ) Tj ET Q q 0 0 0 rg BT 271.31 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 283.67 404.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 325.47 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 336.72 404.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 385.18 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 395.88 404.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 434.33 404.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 483.35 404.10 Td (with ) Tj ET Q q 0 0 0 rg BT 504.05 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 521.41 404.10 Td (applicable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (law ) Tj ET Q q 0 0 0 rg BT 65.67 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 75.73 392.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 118.00 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 134.17 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.68 392.10 Td (make ) Tj ET Q q 0 0 0 rg BT 167.06 392.10 Td (any ) Tj ET Q q 0 0 0 rg BT 183.23 392.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 241.60 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.66 392.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 288.93 392.10 Td (with ) Tj ET Q q 0 0 0 rg BT 308.44 392.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 338.48 392.10 Td (to ) Tj ET Q q 0 0 0 rg BT 347.99 392.10 Td (such ) Tj ET Q q 0 0 0 rg BT 368.05 392.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 415.87 392.10 Td (as ) Tj ET Q q 0 0 0 rg BT 425.93 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 444.88 392.10 Td (be ) Tj ET Q q 0 0 0 rg BT 456.04 392.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 496.09 392.10 Td (by ) Tj ET Q q 0 0 0 rg BT 507.82 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 521.77 392.10 Td (Company) Tj ET Q q 0 0 0 rg BT 560.00 392.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (From ) Tj ET Q q 0 0 0 rg BT 73.21 380.10 Td (time ) Tj ET Q q 0 0 0 rg BT 93.03 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.85 380.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 125.17 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 139.43 380.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 165.91 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 182.39 380.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 229.97 380.10 Td (of) Tj ET Q q 0 0 0 rg BT 238.12 380.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 262.37 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.74 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 287.00 380.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 327.93 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 342.18 380.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 386.43 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 396.25 380.10 Td (take ) Tj ET Q q 0 0 0 rg BT 414.95 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.21 380.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 459.58 380.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 500.49 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 516.97 380.10 Td (appropriate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.39 368.10 Td (file ) Tj ET Q q 0 0 0 rg BT 74.83 368.10 Td (required ) Tj ET Q q 0 0 0 rg BT 110.26 368.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 155.70 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 175.59 368.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 232.69 368.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 279.51 368.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 302.74 368.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 349.00 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 365.55 368.10 Td (other ) Tj ET Q q 0 0 0 rg BT 388.21 368.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 435.86 368.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 468.52 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.42 368.10 Td (make ) Tj ET Q q 0 0 0 rg BT 502.19 368.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 529.29 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.73 368.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (available ) Tj ET Q q 0 0 0 rg BT 88.09 356.10 Td (for ) Tj ET Q q 0 0 0 rg BT 102.25 356.10 Td (issuance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (13.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 62.00 332.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 330.53505859375 m 189.962890625 330.53505859375 l s q 0 0 0 rg BT 85.50 332.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 118.56 332.10 Td (409A) Tj ET Q q 0 0 0 rg BT 140.23 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.18 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.46 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.74 332.10 Td (Code) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.41 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.36 332.10 Td (It ) Tj ET Q q 0 0 0 rg BT 204.42 332.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.04 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.21 332.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 264.71 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.99 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 332.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 335.55 332.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.50 332.10 Td (this ) Tj ET Q q 0 0 0 rg BT 368.47 332.10 Td (A) Tj ET Q q 0 0 0 rg BT 374.77 332.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 396.71 332.10 Td (is ) Tj ET Q q 0 0 0 rg BT 405.33 332.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 436.71 332.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.10 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.27 332.10 Td (Nonqualified ) Tj ET Q q 0 0 0 rg BT 526.99 332.10 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.38 320.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 134.27 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.70 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.25 320.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 195.01 320.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 228.20 320.10 Td (\(within ) Tj ET Q q 0 0 0 rg BT 259.19 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.52 320.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 310.06 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.50 320.10 Td (such ) Tj ET Q q 0 0 0 rg BT 340.93 320.10 Td (rules\), ) Tj ET Q q 0 0 0 rg BT 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Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 432.25 Td (W) Tj ET Q q 0 0 0 rg BT 94.54 432.25 Td (ithout ) Tj ET Q q 0 0 0 rg BT 121.41 432.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 166.34 432.25 Td (the ) Tj ET Q q 0 0 0 rg BT 182.09 432.25 Td (undersigned ) Tj ET Q q 0 0 0 rg BT 234.51 432.25 Td (agrees ) Tj ET Q q 0 0 0 rg BT 263.59 432.25 Td (to ) Tj ET Q q 0 0 0 rg BT 274.90 432.25 Td (accept ) Tj ET Q q 0 0 0 rg BT 303.97 432.25 Td (as ) Tj ET Q q 0 0 0 rg BT 315.84 432.25 Td (binding, ) Tj ET Q q 0 0 0 rg BT 352.44 432.25 Td (conclusive ) Tj ET Q q 0 0 0 rg BT 398.74 432.25 Td (and ) Tj ET Q q 0 0 0 rg BT 416.72 432.25 Td (final ) Tj ET Q q 0 0 0 rg BT 438.58 432.25 Td (all ) Tj ET Q q 0 0 0 rg BT 452.12 432.25 Td (decisions ) Tj ET Q q 0 0 0 rg BT 492.87 432.25 Td (or ) Tj ET Q q 0 0 0 rg BT 504.74 432.25 Td (interpretations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 420.25 Td (\(including, ) Tj ET Q q 0 0 0 rg BT 96.65 420.25 Td (without ) Tj ET Q q 0 0 0 rg BT 130.75 420.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 175.68 420.25 Td (all ) Tj ET Q q 0 0 0 rg BT 189.22 420.25 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 250.53 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 262.40 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.16 420.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 316.14 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 328.02 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 343.78 420.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 388.99 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.87 420.25 Td (the ) Tj ET Q q 0 0 0 rg BT 416.63 420.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 440.45 420.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.33 420.25 Td (this ) Tj ET Q q 0 0 0 rg BT 469.54 420.25 Td (A) Tj ET Q q 0 0 0 rg BT 475.84 420.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 501.88 420.25 Td (or ) Tj ET Q q 0 0 0 rg BT 513.75 420.25 Td (both\) ) Tj ET Q q 0 0 0 rg BT 538.41 420.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 420.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 408.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 96.44 408.25 Td (or ) Tj ET Q q 0 0 0 rg BT 107.27 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 121.43 408.25 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 180.04 408.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 220.85 408.25 Td (any ) Tj ET Q q 0 0 0 rg BT 237.79 408.25 Td (questions ) Tj ET Q q 0 0 0 rg BT 278.07 408.25 Td (arising ) Tj ET Q q 0 0 0 rg BT 307.79 408.25 Td (under ) Tj ET Q q 0 0 0 rg BT 333.05 408.25 Td (the ) Tj ET Q q 0 0 0 rg BT 347.77 408.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 370.55 408.25 Td (or ) Tj ET Q q 0 0 0 rg BT 381.38 408.25 Td (this ) Tj ET Q q 0 0 0 rg BT 397.78 408.25 Td (A) Tj ET Q q 0 0 0 rg BT 404.08 408.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 429.07 408.25 Td (or ) Tj ET Q q 0 0 0 rg BT 439.90 408.25 Td (both.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 328.75 m 560 328.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344 328.75 m 560 328.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.50 363.43 Td (Dated:____________________________________) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 346.50 319.48 Td ([Holder]) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 287 0 obj <> endobj 288 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-1) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 502.75 740.25 Td (Exhibit 10\(rr\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (____________ ) Tj ET Q q 0 0 0 rg BT 112.00 716.25 Td (Deferr) Tj ET Q q 0 0 0 rg BT 140.13 716.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 152.63 716.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 179.02 716.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 437.80 716.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 460.29 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 471.12 716.25 Td (Grant: ) Tj ET Q q 0 0 0 rg BT 503.06 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 505.56 716.25 Td (May ) Tj ET Q q 0 0 0 rg BT 527.50 716.25 Td (24, ) Tj ET Q q 0 0 0 rg BT 542.50 716.25 Td (2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 226.85 692.25 Td (DEFERRED ST) Tj ET Q q 0 0 0 rg BT 296.41 692.25 Td (OCK UNIT) Tj ET Q q 0 0 0 rg BT 346.51 692.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.46 692.25 Td (A) Tj ET Q q 0 0 0 rg BT 354.57 692.25 Td (W) Tj ET Q q 0 0 0 rg BT 363.46 692.25 Td (ARD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 238.15 668.25 Td (DENBUR) Tj ET Q q 0 0 0 rg BT 280.02 668.25 Td (Y) Tj ET Q q 0 0 0 rg BT 286.88 668.25 Td ( RESOURCES INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 193.25 644.25 Td (DIRECT) Tj ET Q q 0 0 0 rg BT 231.97 644.25 Td (OR DEFERRED COMPENSA) Tj ET Q q 0 0 0 rg BT 363.45 644.25 Td (TION PLAN) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 143.40 632.25 Td (\(WITH RESPECT) Tj ET Q q 0 0 0 rg BT 223.51 632.25 Td ( ) Tj ET Q q 0 0 0 rg BT 225.83 632.25 Td (T) Tj ET Q q 0 0 0 rg BT 232.32 632.25 Td (O DEFERRED LONG ) Tj ET Q q 0 0 0 rg BT 331.87 632.25 Td (TERM INCENTIVE ) Tj ET Q q 0 0 0 rg BT 423.00 632.25 Td (A) Tj ET Q q 0 0 0 rg BT 429.11 632.25 Td (W) Tj ET Q q 0 0 0 rg BT 438.00 632.25 Td (ARDS\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 608.25 Td (THIS ) Tj ET Q q 0 0 0 rg BT 109.56 608.25 Td (DEFERRED ) Tj ET Q q 0 0 0 rg BT 163.07 608.25 Td (ST) Tj ET Q q 0 0 0 rg BT 174.56 608.25 Td (OCK ) Tj ET Q q 0 0 0 rg BT 197.51 608.25 Td (UNIT) Tj ET Q q 0 0 0 rg BT 221.21 608.25 Td ( ) Tj ET Q q 0 0 0 rg BT 222.65 608.25 Td (A) Tj ET Q q 0 0 0 rg BT 229.07 608.25 Td (W) Tj ET Q q 0 0 0 rg BT 237.40 608.25 Td (ARD) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 258.51 608.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.35 608.25 Td (\(this ) Tj ET Q q 0 0 0 rg BT 279.97 608.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 284.41 608.25 Td (A) Tj ET Q q 0 0 0 rg BT 290.89 608.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 313.11 608.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 322.72 608.25 Td (is ) Tj ET Q q 0 0 0 rg BT 331.23 608.25 Td (made ) Tj ET Q q 0 0 0 rg BT 354.72 608.25 Td (ef) Tj ET Q q 0 0 0 rg BT 362.31 608.25 Td (fective ) Tj ET Q q 0 0 0 rg BT 391.35 608.25 Td (on ) Tj ET Q q 0 0 0 rg BT 403.19 608.25 Td (the ) Tj ET Q q 0 0 0 rg BT 417.25 608.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 437.97 608.25 Td (of ) Tj ET Q q 0 0 0 rg BT 448.14 608.25 Td (Grant ) Tj ET Q q 0 0 0 rg BT 472.75 608.25 Td (by ) Tj ET Q q 0 0 0 rg BT 484.58 608.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 521.42 608.25 Td (Resources ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 67.57 596.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 85.91 596.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 90.35 596.25 Td (Company) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 132.03 596.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 142.60 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.17 596.25 Td (favor ) Tj ET Q q 0 0 0 rg BT 177.07 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 188.20 596.25 Td (_________ ) Tj ET Q q 0 0 0 rg BT 236.00 596.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.77 596.25 Td (Holder) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 273.76 596.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 286.83 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 294.07 596.25 Td (non-employee ) Tj ET Q q 0 0 0 rg BT 354.07 596.25 Td (member ) Tj ET Q q 0 0 0 rg BT 389.63 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 400.76 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.78 596.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 443.02 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 454.15 596.25 Td (Directors ) Tj ET Q q 0 0 0 rg BT 494.15 596.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 501.92 596.25 Td (Board) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 528.59 596.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 539.16 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 596.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 584.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 560.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 560.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.10 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 157.30 560.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 188.05 560.25 Td (completed ) Tj ET Q q 0 0 0 rg BT 232.68 560.25 Td (a ) Tj ET Q q 0 0 0 rg BT 240.10 560.25 Td (Long ) Tj ET Q q 0 0 0 rg BT 263.98 560.25 Td (T) Tj ET Q q 0 0 0 rg BT 269.39 560.25 Td (erm ) Tj ET Q q 0 0 0 rg BT 287.91 560.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 327.44 560.25 Td (A) Tj ET Q q 0 0 0 rg BT 333.74 560.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 356.71 560.25 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 393.00 560.25 Td (Election ) Tj ET Q q 0 0 0 rg BT 429.30 560.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 453.95 560.25 Td (with ) Tj ET Q q 0 0 0 rg BT 474.71 560.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 506.01 560.25 Td (to ) Tj ET Q q 0 0 0 rg BT 516.77 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 531.97 560.25 Td (directly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 91.73 548.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 128.40 548.25 Td (year ) Tj ET Q q 0 0 0 rg BT 148.41 548.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 156.18 548.25 Td (Election) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 191.17 548.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 204.25 548.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 241.49 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 252.07 548.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 284.87 548.25 Td (8\(b\) ) Tj ET Q q 0 0 0 rg BT 304.34 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.47 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 330.50 548.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 368.29 548.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 412.20 548.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 430.27 548.25 Td (Director ) Tj ET Q q 0 0 0 rg BT 466.39 548.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 504.72 548.25 Td (Compensation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 71.52 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 81.59 536.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 119.43 536.25 Td (and/or ) Tj ET Q q 0 0 0 rg BT 146.72 536.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 179.55 536.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 187.32 536.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 206.77 536.25 Td (\), ) Tj ET Q q 0 0 0 rg BT 218.78 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 234.96 536.25 Td (timely ) Tj ET Q q 0 0 0 rg BT 262.26 536.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 282.32 536.25 Td (such ) Tj ET Q q 0 0 0 rg BT 302.40 536.25 Td (Election ) Tj ET Q q 0 0 0 rg BT 337.46 536.25 Td (with ) Tj ET Q q 0 0 0 rg BT 356.98 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 370.94 536.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 411.57 536.25 Td (as ) Tj ET Q q 0 0 0 rg BT 421.64 536.25 Td (required ) Tj ET Q q 0 0 0 rg BT 456.70 536.25 Td (under ) Tj ET Q q 0 0 0 rg BT 481.21 536.25 Td (the ) Tj ET Q q 0 0 0 rg BT 495.17 536.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 514.69 536.25 Td (with ) Tj ET Q q 0 0 0 rg BT 534.21 536.25 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 524.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 107.54 524.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 149.46 524.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 185.82 524.25 Td (year ) Tj ET Q q 0 0 0 rg BT 205.53 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 219.69 524.25 Td (services ) Tj ET Q q 0 0 0 rg BT 254.40 524.25 Td (rendered ) Tj ET Q q 0 0 0 rg BT 291.87 524.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.70 524.25 Td (a ) Tj ET Q q 0 0 0 rg BT 309.64 524.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 336.58 524.25 Td (member ) Tj ET Q q 0 0 0 rg BT 371.84 524.25 Td (during ) Tj ET Q q 0 0 0 rg BT 400.45 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.17 524.25 Td (current ) Tj ET Q q 0 0 0 rg BT 445.98 524.25 Td (calendar ) Tj ET Q q 0 0 0 rg BT 482.35 524.25 Td (year; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 500.25 Td (, ) Tj ET Q q 0 0 0 rg BT 140.87 500.25 Td (consistent ) Tj ET Q q 0 0 0 rg BT 182.61 500.25 Td (with ) Tj ET Q q 0 0 0 rg BT 202.13 500.25 Td (any ) Tj ET Q q 0 0 0 rg BT 218.31 500.25 Td (Election ) Tj ET Q q 0 0 0 rg BT 253.38 500.25 Td (made ) Tj ET Q q 0 0 0 rg BT 276.78 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 288.52 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 302.48 500.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 329.85 500.25 Td (, ) Tj ET Q q 0 0 0 rg BT 334.10 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 348.06 500.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.69 500.25 Td (desires ) Tj ET Q q 0 0 0 rg BT 418.20 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 427.73 500.25 Td (grant ) Tj ET Q q 0 0 0 rg BT 450.02 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 459.54 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.50 500.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 503.02 500.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 531.96 500.25 Td (number ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 59.51 488.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 96.73 488.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 121.19 488.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 144.54 488.25 Td (set ) Tj ET Q q 0 0 0 rg BT 157.34 488.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 178.46 488.25 Td (below ) Tj ET Q q 0 0 0 rg BT 204.58 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 217.93 488.25 Td (services ) Tj ET Q q 0 0 0 rg BT 251.82 488.25 Td (rendered ) Tj ET Q q 0 0 0 rg BT 288.48 488.25 Td (by ) Tj ET Q q 0 0 0 rg BT 300.16 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 314.07 488.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 343.52 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 352.98 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.88 488.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 407.45 488.25 Td (as ) Tj ET Q q 0 0 0 rg BT 417.47 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 423.59 488.25 Td (member ) Tj ET Q q 0 0 0 rg BT 458.04 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 468.05 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 481.96 488.25 Td (Board ) Tj ET Q q 0 0 0 rg BT 508.08 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.54 488.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.77 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.48 476.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 109.18 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.00 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 134.71 476.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 157.48 476.25 Td (substantially ) Tj ET Q q 0 0 0 rg BT 210.52 476.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 234.67 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 244.93 476.25 Td (value ) Tj ET Q q 0 0 0 rg BT 269.08 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 279.35 476.25 Td (an ) Tj ET Q q 0 0 0 rg BT 291.28 476.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 335.42 476.25 Td (number ) Tj ET Q q 0 0 0 rg BT 368.46 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 379.28 476.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 406.20 476.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 433.68 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 444.50 476.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 488.66 476.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 518.37 476.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 532.52 476.25 Td (defined ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 79.77 464.25 Td (on ) Tj ET Q q 0 0 0 rg BT 92.27 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.99 464.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 128.36 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.19 464.25 Td (Grant, ) Tj ET Q q 0 0 0 rg BT 166.96 464.25 Td (which ) Tj ET Q q 0 0 0 rg BT 193.90 464.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 221.95 464.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 259.97 464.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 285.25 464.25 Td (Units ) Tj ET Q q 0 0 0 rg BT 309.42 464.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 330.81 464.25 Td (be ) Tj ET Q q 0 0 0 rg BT 342.75 464.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 362.46 464.25 Td (as ) Tj ET Q q 0 0 0 rg BT 373.29 464.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 411.89 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 422.17 464.25 Td (this ) Tj ET Q q 0 0 0 rg BT 438.56 464.25 Td (A) Tj ET Q q 0 0 0 rg BT 444.87 464.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 467.36 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 484.29 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 499.01 464.25 Td (Plan;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 141.29 440.25 Td (for ) Tj ET Q q 0 0 0 rg BT 155.12 440.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 192.84 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 203.34 440.25 Td (this ) Tj ET Q q 0 0 0 rg BT 219.48 440.25 Td (A) Tj ET Q q 0 0 0 rg BT 225.79 440.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 250.44 440.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 254.88 440.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 296.50 440.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 320.39 440.25 Td ( ) Tj ET Q q 0 0 0 rg BT 327.00 440.25 Td (means ) Tj ET Q q 0 0 0 rg BT 354.71 440.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 381.87 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 392.37 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 406.76 440.25 Td (common ) Tj ET Q q 0 0 0 rg BT 443.92 440.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 467.20 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 477.70 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.09 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 533.14 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 550.31 440.25 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (registered ) Tj ET Q q 0 0 0 rg BT 91.88 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 104.83 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 120.00 428.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 161.83 428.25 Td (under ) Tj ET Q q 0 0 0 rg BT 187.55 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 202.72 428.25 Td (2004 ) Tj ET Q q 0 0 0 rg BT 225.67 428.25 Td (Omnibus ) Tj ET Q q 0 0 0 rg BT 265.30 428.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 291.03 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 308.42 428.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 348.57 428.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 369.30 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 383.91 428.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 421.85 428.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 465.90 428.25 Td (Inc., ) Tj ET Q q 0 0 0 rg BT 486.62 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 497.91 428.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 536.95 428.25 Td (and/or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (restated ) Tj ET Q q 0 0 0 rg BT 83.09 416.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 101.14 416.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 105.58 416.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 147.52 416.25 Td (Plan) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 166.97 416.25 Td (\);) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.53 392.25 Td (notwithstanding ) Tj ET Q q 0 0 0 rg BT 210.39 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 226.02 392.25 Td (directly ) Tj ET Q q 0 0 0 rg BT 259.97 392.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 302.80 392.25 Td (clause ) Tj ET Q q 0 0 0 rg BT 331.20 392.25 Td (concerning ) Tj ET Q q 0 0 0 rg BT 379.03 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 394.66 392.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 435.27 392.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 458.96 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 474.59 392.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 516.89 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 534.74 392.25 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 96.07 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 113.21 380.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 137.55 380.25 Td (that ) Tj ET Q q 0 0 0 rg BT 155.24 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 170.15 380.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 214.51 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 225.54 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 240.45 380.25 Td (Incentive ) Tj ET Q q 0 0 0 rg BT 280.35 380.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 300.82 380.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 322.41 380.25 Td (not ) Tj ET Q q 0 0 0 rg BT 337.88 380.25 Td (apply ) Tj ET Q q 0 0 0 rg BT 362.79 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 373.26 380.25 Td (this ) Tj ET Q q 0 0 0 rg BT 389.81 380.25 Td (A) Tj ET Q q 0 0 0 rg BT 396.12 380.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 421.30 380.25 Td (except ) Tj ET Q q 0 0 0 rg BT 450.09 380.25 Td (as ) Tj ET Q q 0 0 0 rg BT 461.12 380.25 Td (explicitly ) Tj ET Q q 0 0 0 rg BT 501.58 380.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 539.82 380.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 380.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (Plan;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 344.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.18 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 153.02 344.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 201.04 344.25 Td (with ) Tj ET Q q 0 0 0 rg BT 221.88 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 237.15 344.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 281.88 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 293.27 344.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 326.33 344.25 Td (8\(a\)\(2\) ) Tj ET Q q 0 0 0 rg BT 357.14 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.53 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.81 344.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 407.15 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 421.75 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 428.05 344.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 451.10 344.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 478.05 344.25 Td (will ) Tj ET Q q 0 0 0 rg BT 496.67 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 509.17 344.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 537.23 344.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 344.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 91.58 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 102.54 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 117.95 332.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 146.09 332.25 Td () Tj ET Q q 0 0 0 rg BT 148.87 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 155.95 332.25 Td (name ) Tj ET Q q 0 0 0 rg BT 180.80 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 198.42 332.25 Td (credited ) Tj ET Q q 0 0 0 rg BT 233.82 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 244.79 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 260.19 332.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 288.33 332.25 Td () Tj ET Q q 0 0 0 rg BT 291.11 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 298.19 332.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 336.91 332.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 362.88 332.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 383.14 332.25 Td (Account ) Tj ET Q q 0 0 0 rg BT 420.21 332.25 Td (under ) Tj ET Q q 0 0 0 rg BT 446.17 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.57 332.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 482.54 332.25 Td (until ) Tj ET Q q 0 0 0 rg BT 504.07 332.25 Td (such ) Tj ET Q q 0 0 0 rg BT 525.59 332.25 Td (time ) Tj ET Q q 0 0 0 rg BT 546.55 332.25 Td (as ) Tj ET Q q 0 0 0 rg BT 558.07 332.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 99.29 320.25 Td (Event ) Tj ET Q q 0 0 0 rg BT 124.08 320.25 Td (occurs, ) Tj ET Q q 0 0 0 rg BT 154.13 320.25 Td (after ) Tj ET Q q 0 0 0 rg BT 173.90 320.25 Td (which ) Tj ET Q q 0 0 0 rg BT 199.80 320.25 Td (time ) Tj ET Q q 0 0 0 rg BT 219.03 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 232.71 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 273.05 320.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 293.39 320.25 Td (make ) Tj ET Q q 0 0 0 rg BT 316.51 320.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 350.73 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 360.52 320.25 Td (Common ) Tj ET Q q 0 0 0 rg BT 399.20 320.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 423.44 320.25 Td (for ) Tj ET Q q 0 0 0 rg BT 436.55 320.25 Td (any ) Tj ET Q q 0 0 0 rg BT 452.34 320.25 Td (V) Tj ET Q q 0 0 0 rg BT 458.46 320.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 480.46 320.25 Td (DSUs, ) Tj ET Q q 0 0 0 rg BT 508.32 320.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.55 320.25 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.78 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 84.50 308.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 109.21 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 120.04 308.25 Td (this ) Tj ET Q q 0 0 0 rg BT 136.44 308.25 Td (A) Tj ET Q q 0 0 0 rg BT 142.74 308.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.23 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 182.17 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 196.89 308.25 Td (Plan; ) Tj ET Q q 0 0 0 rg BT 219.94 308.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 284.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 284.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.76 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.62 284.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.14 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.22 284.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 250.62 284.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 298.14 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.21 284.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 341.50 284.25 Td (that ) Tj ET Q q 0 0 0 rg BT 360.13 284.25 Td (this ) Tj ET Q q 0 0 0 rg BT 377.41 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 383.72 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 407.34 284.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.65 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.07 284.25 Td (all ) Tj ET Q q 0 0 0 rg BT 442.70 284.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 478.54 284.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.51 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.92 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.78 284.25 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 94.57 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 111.31 272.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 155.28 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 165.91 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 180.42 272.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 200.50 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 217.24 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.75 272.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 275.14 272.25 Td (Election, ) Tj ET Q q 0 0 0 rg BT 313.26 272.25 Td (all ) Tj ET Q q 0 0 0 rg BT 325.55 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 336.18 272.25 Td (which ) Tj ET Q q 0 0 0 rg BT 362.92 272.25 Td (are ) Tj ET Q q 0 0 0 rg BT 377.43 272.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 430.26 272.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 457.54 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 469.84 272.25 Td (reference, ) Tj ET Q q 0 0 0 rg BT 511.82 272.25 Td (except ) Tj ET Q q 0 0 0 rg BT 540.21 272.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 272.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 76.43 260.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 117.81 260.25 Td (expressly ) Tj ET Q q 0 0 0 rg BT 158.08 260.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 196.13 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 206.40 260.25 Td (this ) Tj ET Q q 0 0 0 rg BT 222.80 260.25 Td (A) Tj ET Q q 0 0 0 rg BT 229.10 260.25 Td (ward. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 236.25 Td (NOW) Tj ET Q q 0 0 0 rg BT 110.32 236.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.12 236.25 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 236.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.43 236.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.23 236.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.13 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.48 236.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 236.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 306.52 236.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 349.52 236.25 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 395.85 236.25 Td (set ) Tj ET Q q 0 0 0 rg BT 409.98 236.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 432.44 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.90 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.58 236.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.15 236.25 Td (good ) Tj ET Q q 0 0 0 rg BT 511.18 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.64 236.25 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 224.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 224.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 224.25 Td (follows:) Tj ET Q endstream endobj 289 0 obj <> endobj 290 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 740.25 Td (1.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 740.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 738.68505859375 m 214.27685546875 738.68505859375 l s q 0 0 0 rg BT 85.50 740.25 Td (Deferr) Tj ET Q q 0 0 0 rg BT 113.63 740.25 Td (ed ) Tj ET Q q 0 0 0 rg BT 130.52 740.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 161.31 740.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 185.58 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 192.06 740.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 214.28 740.25 Td (. ) Tj ET Q q 0 0 0 rg BT 223.67 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 230.07 740.25 Td (The ) Tj ET Q q 0 0 0 rg BT 252.51 740.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 298.30 740.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 332.40 740.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 363.74 740.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.07 740.25 Td (delivers ) Tj ET Q q 0 0 0 rg BT 423.62 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 438.30 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 457.41 740.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 492.08 740.25 Td (an ) Tj ET Q q 0 0 0 rg BT 508.41 740.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 554.17 740.25 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (_____________________________ ) Tj ET Q q 0 0 0 rg BT 196.79 728.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 234.60 728.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 259.67 728.25 Td (Units) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 281.34 728.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 283.63 728.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 291.39 728.25 Td (A) Tj ET Q q 0 0 0 rg BT 297.87 728.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 322.38 728.25 Td (DSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.28 728.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 356.34 728.25 Td (on ) Tj ET Q q 0 0 0 rg BT 368.62 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.13 728.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 407.63 728.25 Td (and ) Tj ET Q q 0 0 0 rg BT 424.36 728.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 468.31 728.25 Td (set ) Tj ET Q q 0 0 0 rg BT 481.71 728.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 503.43 728.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.50 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 528.00 728.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 548.07 728.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.25 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 107.74 716.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.22 716.25 Td (this ) Tj ET Q q 0 0 0 rg BT 134.77 716.25 Td (A) Tj ET Q q 0 0 0 rg BT 141.08 716.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 166.27 716.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 209.24 716.25 Td (without ) Tj ET Q q 0 0 0 rg BT 242.50 716.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 286.58 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.50 716.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 348.64 716.25 Td (more ) Tj ET Q q 0 0 0 rg BT 371.88 716.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 420.67 716.25 Td (set ) Tj ET Q q 0 0 0 rg BT 434.48 716.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 456.62 716.25 Td (in ) Tj ET Q q 0 0 0 rg BT 467.10 716.25 Td (Sections ) Tj ET Q q 0 0 0 rg BT 503.68 716.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 511.38 716.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.52 716.25 Td (6 ) Tj ET Q q 0 0 0 rg BT 536.22 716.25 Td (below) Tj ET Q q 0 0 0 rg BT 560.01 716.25 Td (. ) Tj ET Q q 0 0 0 rg BT 565.01 716.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.25 Td (Such ) Tj ET Q q 0 0 0 rg BT 71.44 704.25 Td (A) Tj ET Q q 0 0 0 rg BT 77.74 704.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 100.22 704.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 126.60 704.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 147.98 704.25 Td (be ) Tj ET Q q 0 0 0 rg BT 159.91 704.25 Td (credited ) Tj ET Q q 0 0 0 rg BT 194.60 704.25 Td (to ) Tj ET Q q 0 0 0 rg BT 204.86 704.25 Td (the ) Tj ET Q q 0 0 0 rg BT 219.57 704.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 247.71 704.25 Td () Tj ET Q q 0 0 0 rg BT 250.48 704.25 Td (s ) Tj ET Q q 0 0 0 rg BT 256.86 704.25 Td (Deferred ) Tj ET Q q 0 0 0 rg BT 294.88 704.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 320.15 704.25 Td (Unit ) Tj ET Q q 0 0 0 rg BT 339.86 704.25 Td (Account. ) Tj ET Q q 0 0 0 rg BT 378.73 704.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.04 704.25 Td (The ) Tj ET Q q 0 0 0 rg BT 398.52 704.25 Td (A) Tj ET Q q 0 0 0 rg BT 404.82 704.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 427.30 704.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 453.69 704.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 475.06 704.25 Td (be ) Tj ET Q q 0 0 0 rg BT 486.99 704.25 Td (adjusted ) Tj ET Q q 0 0 0 rg BT 522.80 704.25 Td (from ) Tj ET Q q 0 0 0 rg BT 544.73 704.25 Td (time ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 692.25 Td (time ) Tj ET Q q 0 0 0 rg BT 80.05 692.25 Td (as ) Tj ET Q q 0 0 0 rg BT 90.88 692.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 128.93 692.25 Td (in ) Tj ET Q q 0 0 0 rg BT 139.21 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 153.92 692.25 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 176.70 692.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (2.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 668.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 666.68505859375 m 183.123046875 666.68505859375 l s q 0 0 0 rg BT 85.50 668.25 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 668.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 118.74 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.59 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 135.06 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 159.23 668.25 Td (DSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.12 668.25 Td (. ) Tj ET Q q 0 0 0 rg BT 187.56 668.25 Td ( ) Tj ET Q q 0 0 0 rg BT 189.36 668.25 Td (The ) Tj ET Q q 0 0 0 rg BT 206.85 668.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 253.22 668.25 Td (on ) Tj ET Q q 0 0 0 rg BT 265.16 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 278.89 668.25 Td (A) Tj ET Q q 0 0 0 rg BT 285.19 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 307.13 668.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 332.96 668.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 353.79 668.25 Td (lapse ) Tj ET Q q 0 0 0 rg BT 376.27 668.25 Td (\(A) Tj ET Q q 0 0 0 rg BT 385.91 668.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 407.84 668.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 433.68 668.25 Td (to ) Tj ET Q q 0 0 0 rg BT 443.39 668.25 Td (which ) Tj ET Q q 0 0 0 rg BT 469.77 668.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 516.15 668.25 Td (have ) Tj ET Q q 0 0 0 rg BT 536.96 668.25 Td (lapsed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (being ) Tj ET Q q 0 0 0 rg BT 74.11 656.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 101.48 656.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 135.51 656.25 Td (to ) Tj ET Q q 0 0 0 rg BT 145.67 656.25 Td (as ) Tj ET Q q 0 0 0 rg BT 156.39 656.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 160.83 656.25 Td (V) Tj ET Q q 0 0 0 rg BT 167.13 656.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 191.18 656.25 Td (DSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 215.08 656.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 225.24 656.25 Td (and ) Tj ET Q q 0 0 0 rg BT 242.07 656.25 Td (such ) Tj ET Q q 0 0 0 rg BT 262.26 656.25 Td (A) Tj ET Q q 0 0 0 rg BT 268.56 656.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 290.94 656.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 317.23 656.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 338.50 656.25 Td (become ) Tj ET Q q 0 0 0 rg BT 371.98 656.25 Td (non-forfeitable ) Tj ET Q q 0 0 0 rg BT 434.34 656.25 Td (on ) Tj ET Q q 0 0 0 rg BT 446.73 656.25 Td (the ) Tj ET Q q 0 0 0 rg BT 461.34 656.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 507.58 656.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 519.41 656.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 539.57 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.29 656.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (earliest ) Tj ET Q q 0 0 0 rg BT 80.87 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 91.70 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 106.42 644.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 129.47 644.25 Td (set ) Tj ET Q q 0 0 0 rg BT 143.07 644.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 165.01 644.25 Td (in ) Tj ET Q q 0 0 0 rg BT 175.29 644.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 188.89 644.25 Td (through ) Tj ET Q q 0 0 0 rg BT 222.50 644.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 236.66 644.25 Td (below ) Tj ET Q q 0 0 0 rg BT 263.60 644.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 271.37 644.25 Td (V) Tj ET Q q 0 0 0 rg BT 277.67 644.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 305.17 644.25 Td (Dates) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 329.05 644.25 Td (\): ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 620.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 620.25 Td (May ) Tj ET Q q 0 0 0 rg BT 142.33 620.25 Td (23, ) Tj ET Q q 0 0 0 rg BT 157.33 620.25 Td (2017; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 596.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 121.50 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 596.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 596.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 194.34 596.25 Td () Tj ET Q q 0 0 0 rg BT 197.12 596.25 Td (s ) Tj ET Q q 0 0 0 rg BT 203.51 596.25 Td (death ) Tj ET Q q 0 0 0 rg BT 227.67 596.25 Td (or ) Tj ET Q q 0 0 0 rg BT 238.50 596.25 Td (Disability; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 572.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 121.50 572.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 572.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 572.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 572.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 206.19 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.02 572.25 Td (Control; ) Tj ET Q q 0 0 0 rg BT 252.85 572.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 121.50 548.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 548.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 548.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 548.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 238.97 548.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 272.01 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.84 548.25 Td (Control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 85.50 524.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.58 524.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 141.32 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.83 524.25 Td (this ) Tj ET Q q 0 0 0 rg BT 169.76 524.25 Td (A) Tj ET Q q 0 0 0 rg BT 176.07 524.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 201.74 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.15 524.25 Td (term ) Tj ET Q q 0 0 0 rg BT 238.66 524.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.10 524.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 314.61 524.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 350.58 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.10 524.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 387.47 524.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.25 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.87 524.25 Td (means ) Tj ET Q q 0 0 0 rg BT 431.60 524.25 Td (a ) Tj ET Q q 0 0 0 rg BT 439.23 524.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 472.96 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.48 524.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 518.22 524.25 Td (that ) Tj ET Q q 0 0 0 rg BT 536.40 524.25 Td (occurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.31 512.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 119.45 512.25 Td () Tj ET Q q 0 0 0 rg BT 122.23 512.25 Td (s ) Tj ET Q q 0 0 0 rg BT 129.04 512.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 177.23 512.25 Td (but ) Tj ET Q q 0 0 0 rg BT 192.93 512.25 Td (where ) Tj ET Q q 0 0 0 rg BT 220.29 512.25 Td (such ) Tj ET Q q 0 0 0 rg BT 241.54 512.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 287.23 512.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 321.81 512.25 Td (from ) Tj ET Q q 0 0 0 rg BT 344.17 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 512.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 427.77 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.17 512.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 487.64 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.89 512.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 532.37 512.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.73 512.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 77.64 500.25 Td () Tj ET Q q 0 0 0 rg BT 80.42 500.25 Td (s ) Tj ET Q q 0 0 0 rg BT 86.72 500.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 134.40 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 136.82 500.25 Td (For ) Tj ET Q q 0 0 0 rg BT 153.12 500.25 Td (all ) Tj ET Q q 0 0 0 rg BT 165.53 500.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 203.50 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 214.24 500.25 Td (this ) Tj ET Q q 0 0 0 rg BT 230.57 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 236.88 500.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 261.78 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 276.41 500.25 Td (term ) Tj ET Q q 0 0 0 rg BT 297.15 500.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 301.59 500.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 373.43 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 384.17 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.91 500.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 435.11 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.86 500.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 471.23 500.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 479.01 500.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.86 500.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 507.16 500.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 531.23 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.86 500.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.14 488.25 Td (which ) Tj ET Q q 0 0 0 rg BT 91.21 488.25 Td (any ) Tj ET Q q 0 0 0 rg BT 109.28 488.25 Td (material ) Tj ET Q q 0 0 0 rg BT 145.68 488.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 176.25 488.25 Td (including ) Tj ET Q q 0 0 0 rg BT 217.65 488.25 Td (without ) Tj ET Q q 0 0 0 rg BT 251.85 488.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 294.37 488.25 Td (through ) Tj ET Q q 0 0 0 rg BT 329.11 488.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.19 488.25 Td (written ) Tj ET Q q 0 0 0 rg BT 369.15 488.25 Td (of) Tj ET Q q 0 0 0 rg BT 377.30 488.25 Td (fer) Tj ET Q q 0 0 0 rg BT 387.99 488.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.13 488.25 Td (open-market ) Tj ET Q q 0 0 0 rg BT 448.30 488.25 Td (bid, ) Tj ET Q q 0 0 0 rg BT 467.21 488.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 508.60 488.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 539.17 488.25 Td (proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 96.15 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.69 476.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 150.28 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.16 476.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 183.03 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 195.24 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.89 476.25 Td (person ) Tj ET Q q 0 0 0 rg BT 239.64 476.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 253.51 476.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 285.71 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.70 476.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 327.91 476.25 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 351.78 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.32 476.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.53 476.25 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 430.06 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.03 476.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 476.76 476.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 499.24 476.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.78 476.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.43 476.25 Td (group ) Tj ET Q q 0 0 0 rg BT 550.85 476.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.96 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.21 464.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 124.67 464.25 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 160.46 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.95 464.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 207.88 464.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 230.61 464.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.42 464.25 Td (their ) Tj ET Q q 0 0 0 rg BT 262.21 464.25 Td (af) Tj ET Q q 0 0 0 rg BT 269.80 464.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 301.98 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.23 464.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 358.01 464.25 Td (ef) Tj ET Q q 0 0 0 rg BT 365.60 464.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 386.40 464.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 406.37 464.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.39 464.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 446.86 464.25 Td (months ) Tj ET Q q 0 0 0 rg BT 478.78 464.25 Td (after ) Tj ET Q q 0 0 0 rg BT 499.57 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 464.25 Td (date ) Tj ET Q q 0 0 0 rg BT 533.38 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 464.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (material ) Tj ET Q q 0 0 0 rg BT 84.76 452.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 114.19 452.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 137.24 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.52 452.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.46 452.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 187.50 452.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.33 452.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 231.39 452.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 272.22 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.05 452.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 324.71 452.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 353.04 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.88 452.25 Td (their ) Tj ET Q q 0 0 0 rg BT 384.70 452.25 Td (af) Tj ET Q q 0 0 0 rg BT 392.29 452.25 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (3.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 57.00 428.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 426.68505859375 m 253.67431640625 426.68505859375 l s q 0 0 0 rg BT 85.50 428.25 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 138.51 428.25 Td (- ) Tj ET Q q 0 0 0 rg BT 143.75 428.25 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 183.00 428.25 Td (e ) Tj ET Q q 0 0 0 rg BT 189.35 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.17 428.25 Td (A) Tj ET Q q 0 0 0 rg BT 205.64 428.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 229.78 428.25 Td (DSUs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.67 428.25 Td (. ) Tj ET Q q 0 0 0 rg BT 258.09 428.25 Td ( ) Tj ET Q q 0 0 0 rg BT 259.86 428.25 Td (The ) Tj ET Q q 0 0 0 rg BT 276.90 428.25 Td (A) Tj ET Q q 0 0 0 rg BT 283.20 428.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 305.10 428.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 330.91 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 345.03 428.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 375.27 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 384.96 428.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 431.30 428.25 Td (including ) Tj ET Q q 0 0 0 rg BT 470.99 428.25 Td (that ) Tj ET Q q 0 0 0 rg BT 487.89 428.25 Td (all ) Tj ET Q q 0 0 0 rg BT 499.80 428.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 524.49 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 534.73 428.25 Td (Holder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (to ) Tj ET Q q 0 0 0 rg BT 60.15 416.25 Td (any ) Tj ET Q q 0 0 0 rg BT 77.47 416.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 104.24 416.25 Td (which ) Tj ET Q q 0 0 0 rg BT 131.56 416.25 Td (have ) Tj ET Q q 0 0 0 rg BT 153.31 416.25 Td (not ) Tj ET Q q 0 0 0 rg BT 168.96 416.25 Td (become ) Tj ET Q q 0 0 0 rg BT 202.72 416.25 Td (V) Tj ET Q q 0 0 0 rg BT 208.84 416.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 232.26 416.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 259.03 416.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 280.80 416.25 Td (automatically) Tj ET Q q 0 0 0 rg BT 334.57 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 339.95 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 357.26 416.25 Td (without ) Tj ET Q q 0 0 0 rg BT 390.69 416.25 Td (notice, ) Tj ET Q q 0 0 0 rg BT 420.50 416.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 461.14 416.25 Td (and ) Tj ET Q q 0 0 0 rg BT 478.45 416.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 500.21 416.25 Td (be ) Tj ET Q q 0 0 0 rg BT 512.53 416.25 Td (permanently ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 87.17 404.25 Td (on ) Tj ET Q q 0 0 0 rg BT 100.42 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.89 404.25 Td (date ) Tj ET Q q 0 0 0 rg BT 135.79 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 147.37 404.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 175.51 404.25 Td () Tj ET Q q 0 0 0 rg BT 178.29 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 185.43 404.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 231.45 404.25 Td (\(other ) Tj ET Q q 0 0 0 rg BT 258.57 404.25 Td (than ) Tj ET Q q 0 0 0 rg BT 279.04 404.25 Td (by ) Tj ET Q q 0 0 0 rg BT 292.29 404.25 Td (death ) Tj ET Q q 0 0 0 rg BT 317.19 404.25 Td (or ) Tj ET Q q 0 0 0 rg BT 328.77 404.25 Td (Disability\). ) Tj ET Q q 0 0 0 rg BT 377.30 404.25 Td ( ) Tj ET Q q 0 0 0 rg BT 380.54 404.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 450.46 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 465.93 404.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 510.55 404.25 Td (if ) Tj ET Q q 0 0 0 rg BT 519.91 404.25 Td (there ) Tj ET Q q 0 0 0 rg BT 543.15 404.25 Td (is ) Tj ET Q q 0 0 0 rg BT 553.06 404.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 92.07 392.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 156.88 392.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 188.91 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.72 392.25 Td (Control, ) Tj ET Q q 0 0 0 rg BT 233.26 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 246.96 392.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 290.67 392.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 326.24 392.25 Td (A) Tj ET Q q 0 0 0 rg BT 332.55 392.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 354.02 392.25 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 379.40 392.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 398.65 392.25 Td (any ) Tj ET Q q 0 0 0 rg BT 414.58 392.25 Td (corresponding ) Tj ET Q q 0 0 0 rg BT 473.27 392.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 511.97 392.25 Td (Equivalents\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 71.25 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 83.56 380.25 Td (reinstated ) Tj ET Q q 0 0 0 rg BT 125.30 380.25 Td (and ) Tj ET Q q 0 0 0 rg BT 142.60 380.25 Td (become ) Tj ET Q q 0 0 0 rg BT 176.56 380.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 204.97 380.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 224.78 380.25 Td (for ) Tj ET Q q 0 0 0 rg BT 239.30 380.25 Td (all ) Tj ET Q q 0 0 0 rg BT 252.17 380.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 290.58 380.25 Td (of ) Tj ET Q q 0 0 0 rg BT 301.78 380.25 Td (this ) Tj ET Q q 0 0 0 rg BT 318.46 380.25 Td (A) Tj ET Q q 0 0 0 rg BT 324.77 380.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 350.12 380.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 380.76 380.25 Td (will ) Tj ET Q q 0 0 0 rg BT 399.18 380.25 Td (be ) Tj ET Q q 0 0 0 rg BT 411.48 380.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 445.44 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 456.09 380.25 Td (have ) Tj ET Q q 0 0 0 rg BT 477.83 380.25 Td (Separated ) Tj ET Q q 0 0 0 rg BT 520.12 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 532.99 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 548.07 380.25 Td (day ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (after ) Tj ET Q q 0 0 0 rg BT 70.32 368.25 Td (such ) Tj ET Q q 0 0 0 rg BT 91.15 368.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 156.97 368.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 190.02 368.25 Td (of ) Tj ET Q q 0 0 0 rg BT 200.85 368.25 Td (Control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 342.68505859375 m 182.7958984375 342.68505859375 l s q 0 0 0 rg BT 85.50 344.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 344.25 Td (ithholding ) Tj ET Q q 0 0 0 rg BT 140.97 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 158.71 344.25 Td (T) Tj ET Q q 0 0 0 rg BT 164.47 344.25 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 182.80 344.25 Td (. ) Tj ET Q q 0 0 0 rg BT 187.04 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 188.66 344.25 Td (There ) Tj ET Q q 0 0 0 rg BT 213.71 344.25 Td (will ) Tj ET Q q 0 0 0 rg BT 231.01 344.25 Td (be ) Tj ET Q q 0 0 0 rg BT 242.20 344.25 Td (no ) Tj ET Q q 0 0 0 rg BT 253.94 344.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 267.90 344.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 317.98 344.25 Td (with ) Tj ET Q q 0 0 0 rg BT 337.50 344.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 367.56 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 377.08 344.25 Td (this ) Tj ET Q q 0 0 0 rg BT 392.89 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 399.19 344.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 423.42 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 425.04 344.25 Td (The ) Tj ET Q q 0 0 0 rg BT 441.95 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 448.25 344.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 469.98 344.25 Td (is ) Tj ET Q q 0 0 0 rg BT 478.40 344.25 Td (not ) Tj ET Q q 0 0 0 rg BT 492.92 344.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 522.99 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 532.51 344.25 Td (Section ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (83 ) Tj ET Q q 0 0 0 rg BT 62.57 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 73.96 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 89.25 332.25 Td (Code, ) Tj ET Q q 0 0 0 rg BT 115.92 332.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 149.53 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.37 332.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 190.64 332.25 Td (transfers ) Tj ET Q q 0 0 0 rg BT 228.14 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.53 332.25 Td (property) Tj ET Q q 0 0 0 rg BT 272.76 332.25 Td (, ) Tj ET Q q 0 0 0 rg BT 278.33 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 295.83 332.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 326.67 332.25 Td (agrees ) Tj ET Q q 0 0 0 rg BT 355.27 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 372.78 332.25 Td (warrants ) Tj ET Q q 0 0 0 rg BT 410.27 332.25 Td (that ) Tj ET Q q 0 0 0 rg BT 428.33 332.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 459.17 332.25 Td (will ) Tj ET Q q 0 0 0 rg BT 477.79 332.25 Td (not ) Tj ET Q q 0 0 0 rg BT 493.64 332.25 Td (make ) Tj ET Q q 0 0 0 rg BT 518.36 332.25 Td (an ) Tj ET Q q 0 0 0 rg BT 530.86 332.25 Td (election ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 320.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 107.26 320.25 Td (83\(b\) ) Tj ET Q q 0 0 0 rg BT 131.42 320.25 Td (with ) Tj ET Q q 0 0 0 rg BT 151.70 320.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 182.52 320.25 Td (to ) Tj ET Q q 0 0 0 rg BT 192.80 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 206.96 320.25 Td (A) Tj ET Q q 0 0 0 rg BT 213.26 320.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 238.25 320.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (5, ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.68505859375 m 193.556640625 294.68505859375 l s q 0 0 0 rg BT 85.50 296.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 119.46 296.25 Td (409A) Tj ET Q q 0 0 0 rg BT 141.13 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 143.98 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 155.16 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 171.33 296.25 Td (Code) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 193.56 296.25 Td (. ) Tj ET Q q 0 0 0 rg BT 198.91 296.25 Td ( ) Tj ET Q q 0 0 0 rg BT 201.55 296.25 Td (The ) Tj ET Q q 0 0 0 rg BT 219.94 296.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 261.68 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.97 296.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 309.59 296.25 Td (intend ) Tj ET Q q 0 0 0 rg BT 337.43 296.25 Td (that ) Tj ET Q q 0 0 0 rg BT 355.27 296.25 Td (this ) Tj ET Q q 0 0 0 rg BT 371.94 296.25 Td (A) Tj ET Q q 0 0 0 rg BT 378.25 296.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 401.09 296.25 Td (will ) Tj ET Q q 0 0 0 rg BT 419.49 296.25 Td (be ) Tj ET Q q 0 0 0 rg BT 431.78 296.25 Td (administered ) Tj ET Q q 0 0 0 rg BT 486.28 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 496.91 296.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 544.72 296.25 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 82.36 284.25 Td (409A) Tj ET Q q 0 0 0 rg BT 104.03 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 106.89 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 118.08 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 133.16 284.25 Td (Code ) Tj ET Q q 0 0 0 rg BT 157.13 284.25 Td (by ) Tj ET Q q 0 0 0 rg BT 169.99 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.07 284.25 Td (Committee. ) Tj ET Q q 0 0 0 rg BT 234.87 284.25 Td ( ) Tj ET Q q 0 0 0 rg BT 237.52 284.25 Td (T) Tj ET Q q 0 0 0 rg BT 242.93 284.25 Td (o ) Tj ET Q q 0 0 0 rg BT 250.79 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 265.87 284.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 293.17 284.25 Td (that ) Tj ET Q q 0 0 0 rg BT 311.02 284.25 Td (any ) Tj ET Q q 0 0 0 rg BT 328.32 284.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 368.96 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 380.15 284.25 Td (this ) Tj ET Q q 0 0 0 rg BT 396.83 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 403.13 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 425.99 284.25 Td (is ) Tj ET Q q 0 0 0 rg BT 435.52 284.25 Td (ambiguous ) Tj ET Q q 0 0 0 rg BT 482.27 284.25 Td (as ) Tj ET Q q 0 0 0 rg BT 493.46 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 504.10 284.25 Td (its ) Tj ET Q q 0 0 0 rg BT 516.41 284.25 Td (compliance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.21 272.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 103.14 272.25 Td (409A) Tj ET Q q 0 0 0 rg BT 124.81 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 127.74 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.00 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.15 272.25 Td (Code, ) Tj ET Q q 0 0 0 rg BT 180.69 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 195.84 272.25 Td (provision ) Tj ET Q q 0 0 0 rg BT 236.55 272.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 258.37 272.25 Td (be ) Tj ET Q q 0 0 0 rg BT 270.74 272.25 Td (read ) Tj ET Q q 0 0 0 rg BT 290.88 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 303.81 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 318.96 272.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 366.33 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 377.04 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 398.30 272.25 Td (a ) Tj ET Q q 0 0 0 rg BT 405.67 272.25 Td (manner ) Tj ET Q q 0 0 0 rg BT 438.59 272.25 Td (so ) Tj ET Q q 0 0 0 rg BT 450.42 272.25 Td (that ) Tj ET Q q 0 0 0 rg BT 468.34 272.25 Td (all ) Tj ET Q q 0 0 0 rg BT 481.27 272.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 522.53 272.25 Td (hereunder ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (comply ) Tj ET Q q 0 0 0 rg BT 82.34 260.25 Td (with ) Tj ET Q q 0 0 0 rg BT 102.97 260.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 117.47 260.25 Td (are ) Tj ET Q q 0 0 0 rg BT 132.53 260.25 Td (exempt ) Tj ET Q q 0 0 0 rg BT 164.81 260.25 Td (from, ) Tj ET Q q 0 0 0 rg BT 189.59 260.25 Td (as ) Tj ET Q q 0 0 0 rg BT 200.77 260.25 Td (appropriate\) ) Tj ET Q q 0 0 0 rg BT 252.48 260.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 285.32 260.25 Td (409A) Tj ET Q q 0 0 0 rg BT 306.99 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 309.84 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.01 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.08 260.25 Td (Code. ) Tj ET Q q 0 0 0 rg BT 362.53 260.25 Td ( ) Tj ET Q q 0 0 0 rg BT 365.38 260.25 Td (Specifically) Tj ET Q q 0 0 0 rg BT 412.49 260.25 Td (, ) Tj ET Q q 0 0 0 rg BT 417.83 260.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 463.45 260.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 485.18 260.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 509.68 260.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.97 260.25 Td (separation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (from ) Tj ET Q q 0 0 0 rg BT 72.11 248.25 Td (service ) Tj ET Q q 0 0 0 rg BT 108.04 248.25 Td (within ) Tj ET Q q 0 0 0 rg BT 136.78 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 152.17 248.25 Td (meaning ) Tj ET Q q 0 0 0 rg BT 189.78 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 201.06 248.25 Td (T) Tj ET Q q 0 0 0 rg BT 206.81 248.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 239.42 248.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 286.48 248.25 Td (1.409A-9\(h\) ) Tj ET Q q 0 0 0 rg BT 339.37 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.98 248.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 399.60 248.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 421.66 248.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 446.49 248.25 Td (a ) Tj ET Q q 0 0 0 rg BT 454.11 248.25 Td (Disability ) Tj ET Q q 0 0 0 rg BT 496.73 248.25 Td (that ) Tj ET Q q 0 0 0 rg BT 514.90 248.25 Td (satisfies ) Tj ET Q q 0 0 0 rg BT 550.29 248.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (requirements ) Tj ET Q q 0 0 0 rg BT 105.11 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 116.60 236.25 Td (T) Tj ET Q q 0 0 0 rg BT 122.35 236.25 Td (reasury ) Tj ET Q q 0 0 0 rg BT 155.19 236.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 202.48 236.25 Td (1.409A-3\(i\)\(4\). ) Tj ET Q q 0 0 0 rg BT 267.53 236.25 Td ( ) Tj ET Q q 0 0 0 rg BT 270.69 236.25 Td (The ) Tj ET Q q 0 0 0 rg BT 289.65 236.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 320.82 236.25 Td (agrees ) Tj ET Q q 0 0 0 rg BT 349.76 236.25 Td (that ) Tj ET Q q 0 0 0 rg BT 368.16 236.25 Td (this ) Tj ET Q q 0 0 0 rg BT 385.27 236.25 Td (A) Tj ET Q q 0 0 0 rg BT 391.57 236.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 414.97 236.25 Td (may ) Tj ET Q q 0 0 0 rg BT 435.59 236.25 Td (be ) Tj ET Q q 0 0 0 rg BT 448.43 236.25 Td (amended ) Tj ET Q q 0 0 0 rg BT 487.93 236.25 Td (unilaterally ) Tj ET Q q 0 0 0 rg BT 536.87 236.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.28 236.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 224.25 Td (, ) Tj ET Q q 0 0 0 rg BT 92.74 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 103.57 224.25 Td (may ) Tj ET Q q 0 0 0 rg BT 123.28 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 135.22 224.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 181.04 224.25 Td (requested ) Tj ET Q q 0 0 0 rg BT 221.85 224.25 Td (by ) Tj ET Q q 0 0 0 rg BT 234.35 224.25 Td (either ) Tj ET Q q 0 0 0 rg BT 259.62 224.25 Td (party) Tj ET Q q 0 0 0 rg BT 279.51 224.25 Td (, ) Tj ET Q q 0 0 0 rg BT 284.51 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 301.45 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 312.28 224.25 Td (may ) Tj ET Q q 0 0 0 rg BT 332.00 224.25 Td (be ) Tj ET Q q 0 0 0 rg BT 343.94 224.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 385.31 224.25 Td (to ) Tj ET Q q 0 0 0 rg BT 395.58 224.25 Td (fully ) Tj ET Q endstream endobj 291 0 obj <> endobj 292 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (comply ) Tj ET Q q 0 0 0 rg BT 82.14 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 102.56 740.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 135.20 740.10 Td (409A) Tj ET Q q 0 0 0 rg BT 156.87 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 159.51 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 170.49 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 185.35 740.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 209.10 740.10 Td (\(and ) Tj ET Q q 0 0 0 rg BT 229.51 740.10 Td (all ) Tj ET Q q 0 0 0 rg BT 242.15 740.10 Td (related ) Tj ET Q q 0 0 0 rg BT 272.00 740.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 294.08 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 311.17 740.10 Td (regulations\) ) Tj ET Q q 0 0 0 rg BT 361.57 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 372.00 740.10 Td (order ) Tj ET Q q 0 0 0 rg BT 395.74 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 406.16 740.10 Td (preserve ) Tj ET Q q 0 0 0 rg BT 442.67 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 457.53 740.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 472.39 740.10 Td (treatment ) Tj ET Q q 0 0 0 rg BT 512.80 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 523.22 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 538.08 740.10 Td (extent ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 86.89 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 99.83 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 118.87 728.10 Td (payments ) Tj ET Q q 0 0 0 rg BT 161.81 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 180.85 728.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 217.12 728.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 257.27 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 271.88 728.10 Td (this ) Tj ET Q q 0 0 0 rg BT 289.92 728.10 Td (A) Tj ET Q q 0 0 0 rg BT 296.23 728.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 323.33 728.10 Td ( ) Tj ET Q q 0 0 0 rg BT 327.94 728.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 399.21 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 416.04 728.10 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 462.02 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 478.85 728.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 522.34 728.10 Td (makes ) Tj ET Q q 0 0 0 rg BT 552.50 728.10 Td (no ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 108.97 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 120.12 716.10 Td (warranty) Tj ET Q q 0 0 0 rg BT 155.01 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 160.34 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 177.60 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.64 716.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 223.24 716.10 Td (acknowledges ) Tj ET Q q 0 0 0 rg BT 282.71 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 299.98 716.10 Td (agrees ) Tj ET Q q 0 0 0 rg BT 328.34 716.10 Td (that ) Tj ET Q q 0 0 0 rg BT 346.16 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 361.20 716.10 Td (Company) Tj ET Q q 0 0 0 rg BT 399.44 716.10 Td (, ) Tj ET Q q 0 0 0 rg BT 404.77 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 419.81 716.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 449.57 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.62 716.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 511.88 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 529.15 716.10 Td (all ) Tj ET Q q 0 0 0 rg BT 541.97 716.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 83.18 704.10 Td (who ) Tj ET Q q 0 0 0 rg BT 103.52 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 125.52 704.10 Td (involvement ) Tj ET Q q 0 0 0 rg BT 178.64 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 199.54 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 214.88 704.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 255.77 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 273.33 704.10 Td (administration ) Tj ET Q q 0 0 0 rg BT 334.22 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 345.68 704.10 Td (this ) Tj ET Q q 0 0 0 rg BT 363.25 704.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 384.15 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.71 704.10 Td (this ) Tj ET Q q 0 0 0 rg BT 418.60 704.10 Td (A) Tj ET Q q 0 0 0 rg BT 424.90 704.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 448.01 704.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 470.03 704.10 Td (have ) Tj ET Q q 0 0 0 rg BT 492.03 704.10 Td (no ) Tj ET Q q 0 0 0 rg BT 505.15 704.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 539.38 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 550.29 704.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 79.93 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 90.92 692.10 Td (any ) Tj ET Q q 0 0 0 rg BT 108.01 692.10 Td (other ) Tj ET Q q 0 0 0 rg BT 131.22 692.10 Td (person ) Tj ET Q q 0 0 0 rg BT 160.54 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 174.86 692.10 Td (violations ) Tj ET Q q 0 0 0 rg BT 216.96 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 227.95 692.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 260.60 692.10 Td (409A) Tj ET Q q 0 0 0 rg BT 282.27 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 284.93 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 295.92 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 310.79 692.10 Td (Code ) Tj ET Q q 0 0 0 rg BT 334.56 692.10 Td (if ) Tj ET Q q 0 0 0 rg BT 343.33 692.10 Td (any ) Tj ET Q q 0 0 0 rg BT 360.43 692.10 Td (provisions ) Tj ET Q q 0 0 0 rg BT 404.75 692.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 437.95 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 448.39 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 463.27 692.10 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 486.20 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 501.08 692.10 Td (Election ) Tj ET Q q 0 0 0 rg BT 537.06 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 548.05 692.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 680.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 78.27 680.10 Td (are ) Tj ET Q q 0 0 0 rg BT 92.96 680.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 140.42 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 150.68 680.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 192.04 680.10 Td (deferred ) Tj ET Q q 0 0 0 rg BT 227.83 680.10 Td (compensation ) Tj ET Q q 0 0 0 rg BT 285.85 680.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 316.66 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 326.92 680.10 Td (penalties ) Tj ET Q q 0 0 0 rg BT 364.94 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 381.86 680.10 Td (other ) Tj ET Q q 0 0 0 rg BT 404.89 680.10 Td (related ) Tj ET Q q 0 0 0 rg BT 434.57 680.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 457.60 680.10 Td (under ) Tj ET Q q 0 0 0 rg BT 482.84 680.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 515.32 680.10 Td (409A) Tj ET Q q 0 0 0 rg BT 536.99 680.10 Td ( ) Tj ET Q q 0 0 0 rg BT 539.47 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.28 680.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (Code. ) Tj ET Q q 0 0 0 rg BT 75.61 668.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 642.53505859375 m 284.94677734375 642.53505859375 l s q 0 0 0 rg BT 85.50 644.10 Td (Rights ) Tj ET Q q 0 0 0 rg BT 115.64 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 126.32 644.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 156.13 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 158.49 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 176.96 644.10 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 215.41 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.92 644.10 Td (V) Tj ET Q q 0 0 0 rg BT 232.22 644.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 256.24 644.10 Td (Shar) Tj ET Q q 0 0 0 rg BT 276.62 644.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 284.95 644.10 Td (. ) Tj ET Q q 0 0 0 rg BT 289.80 644.10 Td ( ) Tj ET Q q 0 0 0 rg BT 292.15 644.10 Td (No ) Tj ET Q q 0 0 0 rg BT 306.73 644.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 346.31 644.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 371.44 644.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 392.68 644.10 Td (be ) Tj ET Q q 0 0 0 rg BT 404.47 644.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 431.82 644.10 Td (at ) Tj ET Q q 0 0 0 rg BT 441.39 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 455.96 644.10 Td (time ) Tj ET Q q 0 0 0 rg BT 476.08 644.10 Td (this ) Tj ET Q q 0 0 0 rg BT 492.36 644.10 Td (A) Tj ET Q q 0 0 0 rg BT 498.67 644.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 521.01 644.10 Td (is ) Tj ET Q q 0 0 0 rg BT 530.03 644.10 Td (granted, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.71 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.70 632.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.35 632.10 Td (will ) Tj ET Q q 0 0 0 rg BT 141.68 632.10 Td (not ) Tj ET Q q 0 0 0 rg BT 157.23 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 169.44 632.10 Td (required ) Tj ET Q q 0 0 0 rg BT 205.52 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 216.07 632.10 Td (set ) Tj ET Q q 0 0 0 rg BT 229.95 632.10 Td (aside ) Tj ET Q q 0 0 0 rg BT 253.26 632.10 Td (any ) Tj ET Q q 0 0 0 rg BT 270.47 632.10 Td (funds ) Tj ET Q q 0 0 0 rg BT 295.46 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 306.56 632.10 Td (any ) Tj ET Q q 0 0 0 rg BT 323.77 632.10 Td (property ) Tj ET Q q 0 0 0 rg BT 360.42 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 371.52 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 386.51 632.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 428.16 632.10 Td (\(or ) Tj ET Q q 0 0 0 rg BT 442.59 632.10 Td (otherwise\) ) Tj ET Q q 0 0 0 rg BT 487.57 632.10 Td (for ) Tj ET Q q 0 0 0 rg BT 502.00 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.99 632.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 554.19 632.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (this ) Tj ET Q q 0 0 0 rg BT 65.91 620.10 Td (A) Tj ET Q q 0 0 0 rg BT 72.21 620.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 97.22 620.10 Td ( ) Tj ET Q q 0 0 0 rg BT 99.56 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 117.62 620.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 147.91 620.10 Td (has ) Tj ET Q q 0 0 0 rg BT 163.75 620.10 Td (no ) Tj ET Q q 0 0 0 rg BT 176.27 620.10 Td (voting ) Tj ET Q q 0 0 0 rg BT 204.34 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.19 620.10 Td (dividend ) Tj ET Q q 0 0 0 rg BT 252.70 620.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 278.00 620.10 Td (with ) Tj ET Q q 0 0 0 rg BT 298.29 620.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 329.13 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.42 620.10 Td (any ) Tj ET Q q 0 0 0 rg BT 355.82 620.10 Td (A) Tj ET Q q 0 0 0 rg BT 362.13 620.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 384.63 620.10 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 411.05 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 421.89 620.10 Td (any ) Tj ET Q q 0 0 0 rg BT 438.85 620.10 Td (other ) Tj ET Q q 0 0 0 rg BT 461.91 620.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 487.21 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 498.06 620.10 Td (a ) Tj ET Q q 0 0 0 rg BT 505.01 620.10 Td (shareholder ) Tj ET Q q 0 0 0 rg BT 554.17 620.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 88.53 608.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 113.12 608.10 Td (until ) Tj ET Q q 0 0 0 rg BT 133.26 608.10 Td (after ) Tj ET Q q 0 0 0 rg BT 153.39 608.10 Td (a ) Tj ET Q q 0 0 0 rg BT 159.63 608.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 209.78 608.10 Td (Event. ) Tj ET Q q 0 0 0 rg BT 237.41 608.10 Td ( ) Tj ET Q q 0 0 0 rg BT 239.22 608.10 Td (However) Tj ET Q q 0 0 0 rg BT 275.47 608.10 Td (, ) Tj ET Q q 0 0 0 rg BT 279.78 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 289.36 608.10 Td (lieu ) Tj ET Q q 0 0 0 rg BT 306.17 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.30 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 330.33 608.10 Td (right ) Tj ET Q q 0 0 0 rg BT 351.02 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 360.61 608.10 Td (receive ) Tj ET Q q 0 0 0 rg BT 391.28 608.10 Td (regular ) Tj ET Q q 0 0 0 rg BT 421.40 608.10 Td (cash ) Tj ET Q q 0 0 0 rg BT 440.98 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 451.12 608.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 474.04 608.10 Td (dividends ) Tj ET Q q 0 0 0 rg BT 514.73 608.10 Td (\(Dividends\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (relative ) Tj ET Q q 0 0 0 rg BT 81.89 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 92.07 596.10 Td (such ) Tj ET Q q 0 0 0 rg BT 112.28 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 118.58 596.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 140.98 596.10 Td (DSU, ) Tj ET Q q 0 0 0 rg BT 165.89 596.10 Td (during ) Tj ET Q q 0 0 0 rg BT 194.40 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 209.03 596.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 248.63 596.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 279.09 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.71 596.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 323.88 596.10 Td (is ) Tj ET Q q 0 0 0 rg BT 332.96 596.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 365.36 596.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.54 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.39 596.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 422.01 596.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 467.74 596.10 Td (whenever ) Tj ET Q q 0 0 0 rg BT 509.01 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 596.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (pays ) Tj ET Q q 0 0 0 rg BT 70.02 584.10 Td (a ) Tj ET Q q 0 0 0 rg BT 76.65 584.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 116.05 584.10 Td (on ) Tj ET Q q 0 0 0 rg BT 128.24 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 142.65 584.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 169.83 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.35 584.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 219.76 584.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 244.73 584.10 Td (underlying ) Tj ET Q q 0 0 0 rg BT 290.24 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.16 584.10 Td (A) Tj ET Q q 0 0 0 rg BT 310.47 584.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 332.65 584.10 Td (DSUs, ) Tj ET Q q 0 0 0 rg BT 361.23 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 371.20 584.10 Td (each ) Tj ET Q q 0 0 0 rg BT 391.70 584.10 Td (case ) Tj ET Q q 0 0 0 rg BT 411.10 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 421.07 584.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 468.22 584.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 490.69 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.31 584.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 537.83 584.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 550.29 584.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 74.34 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.30 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 100.14 572.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 120.55 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 137.62 572.10 Td (this ) Tj ET Q q 0 0 0 rg BT 154.11 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 160.41 572.10 Td (ward. ) Tj ET Q q 0 0 0 rg BT 185.53 572.10 Td ( ) Tj ET Q q 0 0 0 rg BT 188.16 572.10 Td (Pursuant ) Tj ET Q q 0 0 0 rg BT 225.79 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 236.19 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 251.03 572.10 Td (Deferral ) Tj ET Q q 0 0 0 rg BT 286.97 572.10 Td (Election, ) Tj ET Q q 0 0 0 rg BT 325.41 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 340.26 572.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 387.32 572.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 408.84 572.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 439.23 572.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 479.08 572.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 504.49 572.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 537.66 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 548.06 572.10 Td (any ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.25 560.10 Td (all ) Tj ET Q q 0 0 0 rg BT 78.40 560.10 Td (V) Tj ET Q q 0 0 0 rg BT 84.51 560.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 107.37 560.10 Td (DSUs ) Tj ET Q q 0 0 0 rg BT 133.58 560.10 Td (granted ) Tj ET Q q 0 0 0 rg BT 165.88 560.10 Td (under ) Tj ET Q q 0 0 0 rg BT 190.96 560.10 Td (this ) Tj ET Q q 0 0 0 rg BT 207.22 560.10 Td (A) Tj ET Q q 0 0 0 rg BT 213.52 560.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 235.82 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 245.92 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 260.45 560.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 290.53 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 301.18 560.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 322.38 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 333.03 560.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 378.66 560.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 413.75 560.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 436.06 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 450.59 560.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 496.76 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 507.41 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 514.16 560.10 Td (Distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (Event ) Tj ET Q q 0 0 0 rg BT 75.34 548.10 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 83.11 548.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 123.40 548.10 Td (Period) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 151.72 548.10 Td (\), ) Tj ET Q q 0 0 0 rg BT 164.51 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.46 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 191.76 548.10 Td (no ) Tj ET Q q 0 0 0 rg BT 204.28 548.10 Td (event ) Tj ET Q q 0 0 0 rg BT 228.45 548.10 Td (later ) Tj ET Q q 0 0 0 rg BT 248.73 548.10 Td (than ) Tj ET Q q 0 0 0 rg BT 268.46 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 283.20 548.10 Td (number ) Tj ET Q q 0 0 0 rg BT 316.26 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 327.11 548.10 Td (days ) Tj ET Q q 0 0 0 rg BT 347.95 548.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 386.57 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 396.86 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 411.59 548.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 431.89 548.10 Td (with ) Tj ET Q q 0 0 0 rg BT 452.19 548.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 483.02 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 493.31 548.10 Td (such ) Tj ET Q q 0 0 0 rg BT 514.16 548.10 Td (Distribution ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (Event; ) Tj ET Q q 0 0 0 rg BT 78.30 536.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 119.03 536.10 Td (however) Tj ET Q q 0 0 0 rg BT 153.06 536.10 Td (, ) Tj ET Q q 0 0 0 rg BT 158.25 536.10 Td (that ) Tj ET Q q 0 0 0 rg BT 175.94 536.10 Td (if ) Tj ET Q q 0 0 0 rg BT 184.74 536.10 Td (any ) Tj ET Q q 0 0 0 rg BT 201.87 536.10 Td (Payment ) Tj ET Q q 0 0 0 rg BT 239.56 536.10 Td (Period ) Tj ET Q q 0 0 0 rg BT 268.36 536.10 Td (overlaps ) Tj ET Q q 0 0 0 rg BT 304.93 536.10 Td (any ) Tj ET Q q 0 0 0 rg BT 322.06 536.10 Td (two ) Tj ET Q q 0 0 0 rg BT 339.75 536.10 Td (\(2\) ) Tj ET Q q 0 0 0 rg BT 354.10 536.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 390.66 536.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 416.95 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 431.86 536.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 462.32 536.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 483.90 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 496.03 536.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 515.93 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 526.96 536.10 Td (provided ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.79 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.52 524.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 94.81 524.10 Td (during ) Tj ET Q q 0 0 0 rg BT 123.44 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 138.17 524.10 Td (second ) Tj ET Q q 0 0 0 rg BT 168.45 524.10 Td (\(2) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 176.78 528.63 Td (nd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 183.28 524.10 Td (\) ) Tj ET Q q 0 0 0 rg BT 189.12 524.10 Td (calendar ) Tj ET Q q 0 0 0 rg BT 225.50 524.10 Td (year ) Tj ET Q q 0 0 0 rg BT 245.22 524.10 Td (after ) Tj ET Q q 0 0 0 rg BT 266.05 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.78 524.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 327.14 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 337.99 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 344.94 524.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 395.79 524.10 Td (Event. ) Tj ET Q q 0 0 0 rg BT 424.13 524.10 Td ( ) Tj ET Q q 0 0 0 rg BT 426.09 524.10 Td (After ) Tj ET Q q 0 0 0 rg BT 449.70 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 464.43 524.10 Td (transfer ) Tj ET Q q 0 0 0 rg BT 497.48 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.32 524.10 Td (any ) Tj ET Q q 0 0 0 rg BT 525.28 524.10 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.53 512.10 Td (on ) Tj ET Q q 0 0 0 rg BT 86.78 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 101.25 512.10 Td (books ) Tj ET Q q 0 0 0 rg BT 127.40 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 144.09 512.10 Td (records ) Tj ET Q q 0 0 0 rg BT 175.77 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 186.35 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 200.82 512.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 241.96 512.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 264.21 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 278.68 512.10 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 324.79 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 335.37 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.06 512.10 Td (Distribution ) Tj ET Q q 0 0 0 rg BT 392.65 512.10 Td (Event, ) Tj ET Q q 0 0 0 rg BT 420.72 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.19 512.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 465.21 512.10 Td (agrees ) Tj ET Q q 0 0 0 rg BT 493.00 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 503.04 512.10 Td (hold ) Tj ET Q q 0 0 0 rg BT 523.07 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 539.76 512.10 Td (retain ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.43 500.10 Td (required ) Tj ET Q q 0 0 0 rg BT 100.46 500.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 133.17 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 144.22 500.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 184.16 500.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 209.65 500.10 Td (as ) Tj ET Q q 0 0 0 rg BT 220.70 500.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 259.50 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 270.00 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 284.93 500.10 Td (Company) Tj ET Q q 0 0 0 rg BT 326.59 500.10 Td (s ) Tj ET Q q 0 0 0 rg BT 333.20 500.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 357.02 500.10 Td (ownership ) Tj ET Q q 0 0 0 rg BT 401.40 500.10 Td (guidelines, ) Tj ET Q q 0 0 0 rg BT 447.72 500.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.76 500.10 Td (potentially ) Tj ET Q q 0 0 0 rg BT 504.25 500.10 Td (modified ) Tj ET Q q 0 0 0 rg BT 543.06 500.10 Td (from ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (time ) Tj ET Q q 0 0 0 rg BT 69.14 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 78.79 488.10 Td (time. ) Tj ET Q q 0 0 0 rg BT 100.93 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 102.80 488.10 Td (In ) Tj ET Q q 0 0 0 rg BT 113.00 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 127.09 488.10 Td (event ) Tj ET Q q 0 0 0 rg BT 150.61 488.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.92 488.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 203.76 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 212.30 488.10 Td (entitled ) Tj ET Q q 0 0 0 rg BT 244.16 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.80 488.10 Td (any ) Tj ET Q q 0 0 0 rg BT 270.11 488.10 Td (benefits ) Tj ET Q q 0 0 0 rg BT 303.64 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 313.84 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 327.92 488.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 355.29 488.10 Td (, ) Tj ET Q q 0 0 0 rg BT 359.66 488.10 Td (payment ) Tj ET Q q 0 0 0 rg BT 395.96 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 406.16 488.10 Td (any ) Tj ET Q q 0 0 0 rg BT 422.47 488.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 461.56 488.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 486.21 488.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 506.97 488.10 Td (be ) Tj ET Q q 0 0 0 rg BT 518.28 488.10 Td (ef) Tj ET Q q 0 0 0 rg BT 525.86 488.10 Td (fectuated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 60.33 476.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 98.38 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 108.66 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 115.59 476.10 Td (beneficiary ) Tj ET Q q 0 0 0 rg BT 163.06 476.10 Td (designation ) Tj ET Q q 0 0 0 rg BT 211.67 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 222.50 476.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 243.89 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 254.72 476.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 290.00 476.10 Td (after ) Tj ET Q q 0 0 0 rg BT 310.81 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.53 476.10 Td (death ) Tj ET Q q 0 0 0 rg BT 349.69 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 360.52 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 375.23 476.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 402.45 476.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 450.53505859375 m 186.810546875 450.53505859375 l s q 0 0 0 rg BT 85.50 452.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.33 452.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.26 452.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 144.06 452.10 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.81 452.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.12 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.73 452.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.08 452.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 238.67 452.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.25 452.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.89 452.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.19 452.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 309.99 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.01 452.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.60 452.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 390.60 452.10 Td (by ) Tj ET Q q 0 0 0 rg BT 403.41 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.44 452.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 449.02 452.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.37 452.10 Td (than ) Tj ET Q q 0 0 0 rg BT 492.40 452.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.54 452.10 Td (set ) Tj ET Q q 0 0 0 rg BT 517.46 452.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 539.71 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 452.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (Plan.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 414.53505859375 m 251.46923828125 414.53505859375 l s q 0 0 0 rg BT 85.50 416.10 Td (No ) Tj ET Q q 0 0 0 rg BT 101.03 416.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 128.00 416.10 Td (T) Tj ET Q q 0 0 0 rg BT 133.75 416.10 Td (o ) Tj ET Q q 0 0 0 rg BT 142.06 416.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 190.39 416.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 220.38 416.10 Td (Service) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 251.47 416.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 253.97 416.10 Td ( ) Tj ET Q q 0 0 0 rg BT 257.28 416.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 260.60 416.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 293.89 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.42 416.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 330.51 416.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 347.16 416.10 Td (this ) Tj ET Q q 0 0 0 rg BT 364.19 416.10 Td (A) Tj ET Q q 0 0 0 rg BT 370.49 416.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 393.79 416.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 415.99 416.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 444.84 416.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 468.16 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 483.69 416.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 514.77 416.10 Td (any ) Tj ET Q q 0 0 0 rg BT 532.52 416.10 Td (right ) Tj ET Q q 0 0 0 rg BT 554.72 416.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (continue ) Tj ET Q q 0 0 0 rg BT 85.85 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.54 404.10 Td (serve ) Tj ET Q q 0 0 0 rg BT 118.55 404.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.79 404.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.14 404.10 Td (Director) Tj ET Q q 0 0 0 rg BT 168.05 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 172.46 404.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 187.71 404.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 208.50 404.10 Td (they ) Tj ET Q q 0 0 0 rg BT 227.63 404.10 Td (interfere ) Tj ET Q q 0 0 0 rg BT 263.41 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 273.10 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 289.45 404.10 Td (way ) Tj ET Q q 0 0 0 rg BT 308.02 404.10 Td (with ) Tj ET Q q 0 0 0 rg BT 327.71 404.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 355.85 404.10 Td () Tj ET Q q 0 0 0 rg BT 358.63 404.10 Td (s ) Tj ET Q q 0 0 0 rg BT 364.43 404.10 Td (right ) Tj ET Q q 0 0 0 rg BT 385.23 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 394.92 404.10 Td (resign ) Tj ET Q q 0 0 0 rg BT 421.27 404.10 Td (or ) Tj ET Q q 0 0 0 rg BT 431.51 404.10 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 472.30 404.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 511.97 404.10 Td (participation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (on ) Tj ET Q q 0 0 0 rg BT 62.00 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 76.72 392.10 Td (Board.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 366.53505859375 m 152.6328125 366.53505859375 l s q 0 0 0 rg BT 85.50 368.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 368.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 368.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 368.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 368.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 368.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 368.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 368.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 368.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 368.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 368.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 368.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 368.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 368.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 368.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 368.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 368.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 368.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 356.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 356.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 356.10 Td (Delaware. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 330.53505859375 m 147.72314453125 330.53505859375 l s q 0 0 0 rg BT 85.50 332.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 122.19 332.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.72 332.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.00 332.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.57 332.10 Td (This ) Tj ET Q q 0 0 0 rg BT 175.51 332.10 Td (A) Tj ET Q q 0 0 0 rg BT 181.82 332.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 204.58 332.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 226.24 332.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 249.56 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.12 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.11 332.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 305.65 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.97 332.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.18 332.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 379.51 332.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 402.29 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 332.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 441.99 332.10 Td (executors, ) Tj ET Q q 0 0 0 rg BT 485.58 332.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 548.07 332.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 320.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 135.03 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.97 320.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 183.36 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.19 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 320.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.06 320.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 296.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 294.53505859375 m 136.603515625 294.53505859375 l s q 0 0 0 rg BT 85.50 296.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 296.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 296.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 296.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 296.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 296.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 296.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 296.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 296.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 296.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 296.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 296.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 296.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 296.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 296.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 296.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 296.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 284.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 284.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 284.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 284.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 284.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 284.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 284.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 284.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 284.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 284.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 284.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 284.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 284.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 284.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 284.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 284.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 284.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 284.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 284.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 284.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 272.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 272.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 272.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 272.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 272.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 272.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 246.53505859375002 m 176.6376953125 246.53505859375002 l s q 0 0 0 rg BT 85.50 248.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 134.42 248.10 Td (Authority) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 248.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.34 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.39 248.10 Td (This ) Tj ET Q q 0 0 0 rg BT 202.89 248.10 Td (A) Tj ET Q q 0 0 0 rg BT 209.19 248.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 231.39 248.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 252.48 248.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.12 248.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 317.98 248.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.19 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.61 248.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 393.75 248.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.40 248.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 441.49 248.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 465.91 248.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 487.56 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.20 248.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 550.84 248.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.32 236.10 Td (out ) Tj ET Q q 0 0 0 rg BT 100.59 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 115.31 236.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 153.36 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 164.19 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.36 236.10 Td (A) Tj ET Q q 0 0 0 rg BT 184.66 236.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 207.15 236.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 226.59 236.10 Td (without ) Tj ET Q q 0 0 0 rg BT 259.65 236.10 Td (limitation, ) Tj ET Q endstream endobj 293 0 obj <> endobj 294 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 69.37 740.10 Td (delegate ) Tj ET Q q 0 0 0 rg BT 105.33 740.10 Td (all ) Tj ET Q q 0 0 0 rg BT 117.97 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 128.95 740.10 Td (what, ) Tj ET Q q 0 0 0 rg BT 153.54 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 163.97 740.10 Td (its ) Tj ET Q q 0 0 0 rg BT 176.07 740.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 194.83 740.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 239.41 740.10 Td (it ) Tj ET Q q 0 0 0 rg BT 247.62 740.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 294.14 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.57 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 316.66 740.10 Td (ministerial ) Tj ET Q q 0 0 0 rg BT 362.08 740.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 388.62 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 399.04 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.33 740.10 Td (Administrator; ) Tj ET Q q 0 0 0 rg BT 474.86 740.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 515.56 740.10 Td (further) Tj ET Q q 0 0 0 rg BT 542.36 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 547.51 740.10 Td (that ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.01 728.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 125.74 728.10 Td (under) Tj ET Q q 0 0 0 rg BT 148.11 728.10 Td (, ) Tj ET Q q 0 0 0 rg BT 152.90 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 169.64 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 184.15 728.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 244.21 728.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 257.33 728.10 Td (any ) Tj ET Q q 0 0 0 rg BT 274.07 728.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 314.14 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 324.77 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.77 728.10 Td (A) Tj ET Q q 0 0 0 rg BT 345.08 728.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 367.37 728.10 Td (by ) Tj ET Q q 0 0 0 rg BT 379.66 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 394.17 728.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 440.91 728.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 464.59 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 474.67 728.10 Td (all ) Tj ET Q q 0 0 0 rg BT 486.96 728.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 512.85 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 524.59 728.10 Td (in ) Tj ET Q q 0 0 0 rg BT 534.66 728.10 Td (its ) Tj ET Q q 0 0 0 rg BT 546.41 728.10 Td (sole ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 93.93 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 110.87 716.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 132.26 716.10 Td (be ) Tj ET Q q 0 0 0 rg BT 144.20 716.10 Td (final ) Tj ET Q q 0 0 0 rg BT 165.02 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.96 716.10 Td (conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 690.53505859375 m 224.75048828125 690.53505859375 l s q 0 0 0 rg BT 85.50 692.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 138.21 692.10 Td (with ) Tj ET Q q 0 0 0 rg BT 158.71 692.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 201.97 692.10 Td (Laws) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 224.75 692.10 Td (. ) Tj ET Q q 0 0 0 rg BT 228.85 692.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 297.12 692.10 Td (any ) Tj ET Q q 0 0 0 rg BT 313.17 692.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 352.55 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 362.48 692.10 Td (this ) Tj ET Q q 0 0 0 rg BT 378.18 692.10 Td (A) Tj ET Q q 0 0 0 rg BT 384.48 692.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 406.08 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 415.46 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 429.28 692.10 Td (contrary) Tj ET Q q 0 0 0 rg BT 461.95 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 466.05 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 479.87 692.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 515.35 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 525.29 692.10 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.33 680.10 Td (will ) Tj ET Q q 0 0 0 rg BT 91.93 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 103.42 680.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 133.79 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 143.62 680.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 191.76 680.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.58 680.10 Td (all ) Tj ET Q q 0 0 0 rg BT 223.63 680.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 266.76 680.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 321.01 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 331.39 680.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 363.69 680.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 386.57 680.10 Td (or ) Tj ET Q q 0 0 0 rg BT 396.95 680.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 427.87 680.10 Td (law ) Tj ET Q q 0 0 0 rg BT 444.36 680.10 Td (with ) Tj ET Q q 0 0 0 rg BT 464.19 680.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 494.55 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 504.38 680.10 Td (such ) Tj ET Q q 0 0 0 rg BT 524.75 680.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 65.69 668.10 Td (with ) Tj ET Q q 0 0 0 rg BT 85.22 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 99.18 668.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 153.13 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.21 668.10 Td (any ) Tj ET Q q 0 0 0 rg BT 179.40 668.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 202.26 668.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 241.76 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.84 668.10 Td (market ) Tj ET Q q 0 0 0 rg BT 281.36 668.10 Td (system ) Tj ET Q q 0 0 0 rg BT 310.88 668.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 332.63 668.10 Td (which ) Tj ET Q q 0 0 0 rg BT 358.82 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 372.79 668.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 411.76 668.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.29 668.10 Td (may ) Tj ET Q q 0 0 0 rg BT 455.26 668.10 Td (then ) Tj ET Q q 0 0 0 rg BT 474.22 668.10 Td (be ) Tj ET Q q 0 0 0 rg BT 485.41 668.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 511.33 668.10 Td (No ) Tj ET Q q 0 0 0 rg BT 525.30 668.10 Td (Common ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.81 656.10 Td (will ) Tj ET Q q 0 0 0 rg BT 92.91 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 104.88 656.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 132.42 656.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 174.93 656.10 Td (if ) Tj ET Q q 0 0 0 rg BT 183.57 656.10 Td (such ) Tj ET Q q 0 0 0 rg BT 204.44 656.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 240.85 656.10 Td (would ) Tj ET Q q 0 0 0 rg BT 268.39 656.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 309.80 656.10 Td (a ) Tj ET Q q 0 0 0 rg BT 316.78 656.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 354.86 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 365.73 656.10 Td (any ) Tj ET Q q 0 0 0 rg BT 382.70 656.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 426.33 656.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 459.12 656.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 482.48 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 493.34 656.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 524.76 656.10 Td (securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 69.86 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 80.22 644.10 Td (other ) Tj ET Q q 0 0 0 rg BT 102.79 644.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 123.15 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 133.51 644.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 179.97 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 190.33 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 204.57 644.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 258.80 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 269.16 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 285.62 644.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 308.76 644.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 348.54 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 358.90 644.10 Td (market ) Tj ET Q q 0 0 0 rg BT 388.69 644.10 Td (system ) Tj ET Q q 0 0 0 rg BT 418.50 644.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 440.53 644.10 Td (which ) Tj ET Q q 0 0 0 rg BT 466.99 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.24 644.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 520.49 644.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 545.30 644.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (then ) Tj ET Q q 0 0 0 rg BT 68.87 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 80.46 632.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 106.78 632.10 Td (In ) Tj ET Q q 0 0 0 rg BT 117.26 632.10 Td (addition, ) Tj ET Q q 0 0 0 rg BT 154.69 632.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 194.06 632.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 219.00 632.10 Td (will ) Tj ET Q q 0 0 0 rg BT 236.70 632.10 Td (not ) Tj ET Q q 0 0 0 rg BT 251.63 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 263.23 632.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 290.38 632.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 332.51 632.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 359.66 632.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 372.91 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 379.50 632.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 427.19 632.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 467.67 632.10 Td (under ) Tj ET Q q 0 0 0 rg BT 492.59 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.96 632.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 548.07 632.10 Td (Act ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (is ) Tj ET Q q 0 0 0 rg BT 58.21 620.10 Td (at ) Tj ET Q q 0 0 0 rg BT 67.48 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 81.74 620.10 Td (time ) Tj ET Q q 0 0 0 rg BT 101.56 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.93 620.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 147.85 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 157.68 620.10 Td (ef) Tj ET Q q 0 0 0 rg BT 165.26 620.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 182.29 620.10 Td (with ) Tj ET Q q 0 0 0 rg BT 202.12 620.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 232.48 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 242.30 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.56 620.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 283.60 620.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 310.64 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.02 620.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 334.72 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 344.55 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 358.81 620.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 391.41 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.79 620.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 423.26 620.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 455.86 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.23 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 480.49 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 518.73 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 523.27 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 537.54 620.10 Td (shares ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 76.66 608.10 Td (may ) Tj ET Q q 0 0 0 rg BT 96.03 608.10 Td (be ) Tj ET Q q 0 0 0 rg BT 107.62 608.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 134.78 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 144.71 608.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 191.83 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 211.76 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 226.14 608.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 250.51 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 260.99 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 272.59 608.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 315.83 608.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 360.20 608.10 Td (from ) Tj ET Q q 0 0 0 rg BT 381.79 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.17 608.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 443.87 608.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 498.22 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 508.71 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.08 608.10 Td (Securities ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 69.06 596.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 91.32 596.10 Td (HOLDER ) Tj ET Q q 0 0 0 rg BT 134.70 596.10 Td (IS ) Tj ET Q q 0 0 0 rg BT 146.42 596.10 Td (CAUTIONED ) Tj ET Q q 0 0 0 rg BT 207.36 596.10 Td (THA) Tj ET Q q 0 0 0 rg BT 226.80 596.10 Td (T) Tj ET Q q 0 0 0 rg BT 232.73 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 235.56 596.10 Td (DELIVER) Tj ET Q q 0 0 0 rg BT 277.77 596.10 Td (Y) Tj ET Q q 0 0 0 rg BT 284.62 596.10 Td ( ) Tj ET Q q 0 0 0 rg BT 287.45 596.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 303.06 596.10 Td (COMMON ) Tj ET Q q 0 0 0 rg BT 352.00 596.10 Td (ST) Tj ET Q q 0 0 0 rg BT 363.49 596.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 387.43 596.10 Td (UPON ) Tj ET Q q 0 0 0 rg BT 417.27 596.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 439.33 596.10 Td (VESTING ) Tj ET Q q 0 0 0 rg BT 484.93 596.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 499.92 596.10 Td (A) Tj ET Q q 0 0 0 rg BT 506.34 596.10 Td (W) Tj ET Q q 0 0 0 rg BT 514.67 596.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 538.60 596.10 Td (DSUs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (GRANTED ) Tj ET Q q 0 0 0 rg BT 98.65 584.10 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 151.26 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 152.54 584.10 Td (T) Tj ET Q q 0 0 0 rg BT 158.47 584.10 Td (O ) Tj ET Q q 0 0 0 rg BT 166.97 584.10 Td (THIS ) Tj ET Q q 0 0 0 rg BT 190.26 584.10 Td (A) Tj ET Q q 0 0 0 rg BT 196.68 584.10 Td (W) Tj ET Q q 0 0 0 rg BT 205.01 584.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 227.50 584.10 Td (MA) Tj ET Q q 0 0 0 rg BT 242.70 584.10 Td (Y) Tj ET Q q 0 0 0 rg BT 249.55 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.93 584.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 271.30 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 272.68 584.10 Td (OCCUR ) Tj ET Q q 0 0 0 rg BT 308.51 584.10 Td (UNLESS ) Tj ET Q q 0 0 0 rg BT 347.57 584.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 368.39 584.10 Td (FOREGOING ) Tj ET Q q 0 0 0 rg BT 427.55 584.10 Td (CONDITIONS ) Tj ET Q q 0 0 0 rg BT 489.73 584.10 Td (ARE ) Tj ET Q q 0 0 0 rg BT 511.11 584.10 Td (SA) Tj ET Q q 0 0 0 rg BT 522.78 584.10 Td (TISFIED. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.68 572.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 101.65 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 111.62 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 125.47 572.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 166.00 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 175.41 572.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 202.04 572.10 Td (from ) Tj ET Q q 0 0 0 rg BT 223.12 572.10 Td (any ) Tj ET Q q 0 0 0 rg BT 239.20 572.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 281.93 572.10 Td (body ) Tj ET Q q 0 0 0 rg BT 303.56 572.10 Td (having ) Tj ET Q q 0 0 0 rg BT 332.42 572.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 379.61 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 393.46 572.10 Td (authority) Tj ET Q q 0 0 0 rg BT 428.92 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 433.05 572.10 Td (if ) Tj ET Q q 0 0 0 rg BT 440.80 572.10 Td (any) Tj ET Q q 0 0 0 rg BT 454.59 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 458.72 572.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 491.46 572.10 Td (by ) Tj ET Q q 0 0 0 rg BT 503.09 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.95 572.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 572.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 71.21 560.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 104.03 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 114.09 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.80 560.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 166.95 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 177.00 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.50 560.10 Td (lawful ) Tj ET Q q 0 0 0 rg BT 219.32 560.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 255.48 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 272.19 560.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 290.01 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.62 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 317.34 560.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 344.60 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 355.21 560.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 394.71 560.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 419.77 560.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 450.37 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.43 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.42 560.10 Td (A) Tj ET Q q 0 0 0 rg BT 480.72 560.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 502.99 560.10 Td (will ) Tj ET Q q 0 0 0 rg BT 520.82 560.10 Td (relieve ) Tj ET Q q 0 0 0 rg BT 550.30 560.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 90.89 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 101.72 548.10 Td (any ) Tj ET Q q 0 0 0 rg BT 118.67 548.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 152.28 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 162.56 548.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 193.38 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 204.21 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 218.94 548.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 247.53 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.82 548.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 280.32 548.10 Td (such ) Tj ET Q q 0 0 0 rg BT 301.15 548.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 328.65 548.10 Td (as ) Tj ET Q q 0 0 0 rg BT 339.48 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 349.76 548.10 Td (which ) Tj ET Q q 0 0 0 rg BT 376.71 548.10 Td (such ) Tj ET Q q 0 0 0 rg BT 397.54 548.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 434.48 548.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 473.08 548.10 Td (has ) Tj ET Q q 0 0 0 rg BT 488.92 548.10 Td (not ) Tj ET Q q 0 0 0 rg BT 504.20 548.10 Td (been ) Tj ET Q q 0 0 0 rg BT 525.58 548.10 Td (obtained. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (As ) Tj ET Q q 0 0 0 rg BT 63.53 536.10 Td (a ) Tj ET Q q 0 0 0 rg BT 70.88 536.10 Td (condition ) Tj ET Q q 0 0 0 rg BT 111.57 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.26 536.10 Td (any ) Tj ET Q q 0 0 0 rg BT 139.61 536.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 176.40 536.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 215.98 536.10 Td (, ) Tj ET Q q 0 0 0 rg BT 221.39 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 236.52 536.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 278.32 536.10 Td (may ) Tj ET Q q 0 0 0 rg BT 298.46 536.10 Td (require ) Tj ET Q q 0 0 0 rg BT 329.68 536.10 Td (you ) Tj ET Q q 0 0 0 rg BT 347.60 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 358.29 536.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 387.31 536.10 Td (any ) Tj ET Q q 0 0 0 rg BT 404.67 536.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 462.01 536.10 Td (that ) Tj ET Q q 0 0 0 rg BT 479.92 536.10 Td (may ) Tj ET Q q 0 0 0 rg BT 500.05 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 512.40 536.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 554.18 536.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 97.06 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 106.87 524.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 144.43 524.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 192.55 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 212.36 524.10 Td (any ) Tj ET Q q 0 0 0 rg BT 228.83 524.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 271.95 524.10 Td (law ) Tj ET Q q 0 0 0 rg BT 288.42 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 298.78 524.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 341.35 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 357.82 524.10 Td (to ) Tj ET Q q 0 0 0 rg BT 367.63 524.10 Td (make ) Tj ET Q q 0 0 0 rg BT 391.31 524.10 Td (any ) Tj ET Q q 0 0 0 rg BT 407.78 524.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 466.45 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 476.81 524.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 514.38 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 534.19 524.10 Td (respect ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.69 512.10 Td (such ) Tj ET Q q 0 0 0 rg BT 80.43 512.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 128.93 512.10 Td (as ) Tj ET Q q 0 0 0 rg BT 139.68 512.10 Td (may ) Tj ET Q q 0 0 0 rg BT 159.30 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 171.16 512.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 211.88 512.10 Td (by ) Tj ET Q q 0 0 0 rg BT 224.29 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 238.92 512.10 Td (Company) Tj ET Q q 0 0 0 rg BT 277.16 512.10 Td (. ) Tj ET Q q 0 0 0 rg BT 282.07 512.10 Td (From ) Tj ET Q q 0 0 0 rg BT 306.16 512.10 Td (time ) Tj ET Q q 0 0 0 rg BT 326.34 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 336.53 512.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 359.22 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 373.85 512.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 400.70 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 417.55 512.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 465.49 512.10 Td (of) Tj ET Q q 0 0 0 rg BT 473.64 512.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 498.26 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 509.00 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.63 512.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 65.36 500.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 111.22 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 122.65 500.10 Td (take ) Tj ET Q q 0 0 0 rg BT 142.96 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 158.83 500.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 190.81 500.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 233.33 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 251.42 500.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 300.61 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.04 500.10 Td (file ) Tj ET Q q 0 0 0 rg BT 329.02 500.10 Td (required ) Tj ET Q q 0 0 0 rg BT 365.99 500.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 412.97 500.10 Td (with ) Tj ET Q q 0 0 0 rg BT 434.40 500.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 493.03 500.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 541.40 500.10 Td (stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (exchanges, ) Tj ET Q q 0 0 0 rg BT 96.15 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 113.08 488.10 Td (other ) Tj ET Q q 0 0 0 rg BT 136.13 488.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 184.16 488.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 217.21 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 227.49 488.10 Td (make ) Tj ET Q q 0 0 0 rg BT 251.65 488.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 279.14 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 289.97 488.10 Td (Common ) Tj ET Q q 0 0 0 rg BT 329.70 488.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 354.97 488.10 Td (available ) Tj ET Q q 0 0 0 rg BT 393.56 488.10 Td (for ) Tj ET Q q 0 0 0 rg BT 407.72 488.10 Td (issuance.) 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q 0 0 0 rg BT 384.42 500.25 Td (will ) Tj ET Q q 0 0 0 rg BT 401.50 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 412.46 500.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 438.98 500.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.50 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.24 500.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 504.65 500.25 Td (in ) Tj ET Q q 0 0 0 rg BT 513.95 500.25 Td (the ) Tj ET Q q 0 0 0 rg BT 527.69 500.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 555.83 500.25 Td () Tj ET Q q 0 0 0 rg BT 558.61 500.25 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (name ) Tj ET Q q 0 0 0 rg BT 73.42 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 90.12 488.25 Td (be ) Tj ET Q q 0 0 0 rg BT 101.82 488.25 Td (issued ) Tj ET Q q 0 0 0 rg BT 129.08 488.25 Td (and ) Tj ET Q q 0 0 0 rg BT 145.79 488.25 Td (outstanding ) Tj ET Q q 0 0 0 rg BT 194.71 488.25 Td (for ) Tj ET Q q 0 0 0 rg BT 208.64 488.25 Td (all ) Tj ET Q q 0 0 0 rg BT 220.90 488.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 258.71 488.25 Td (\(except ) Tj ET Q q 0 0 0 rg BT 290.40 488.25 Td (as ) Tj ET Q q 0 0 0 rg BT 300.99 488.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 338.80 488.25 Td (below ) Tj ET Q q 0 0 0 rg BT 365.50 488.25 Td (or ) Tj ET Q q 0 0 0 rg BT 376.10 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 386.14 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 400.62 488.25 Td (Plan\) ) Tj ET Q q 0 0 0 rg BT 423.99 488.25 Td (but ) Tj ET Q q 0 0 0 rg BT 439.03 488.25 Td (held ) Tj ET Q q 0 0 0 rg BT 458.51 488.25 Td (by ) Tj ET Q q 0 0 0 rg BT 470.77 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 485.25 488.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 526.40 488.25 Td (\(together ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 70.73 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 86.40 476.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 110.96 476.25 Td (power ) Tj ET Q q 0 0 0 rg BT 139.40 476.25 Td (set ) Tj ET Q q 0 0 0 rg BT 153.96 476.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 176.85 476.25 Td (below\) ) Tj ET Q q 0 0 0 rg BT 208.07 476.25 Td (until ) Tj ET Q q 0 0 0 rg BT 229.85 476.25 Td (such ) Tj ET Q q 0 0 0 rg BT 251.63 476.25 Td (time ) Tj ET Q q 0 0 0 rg BT 272.86 476.25 Td (as ) Tj ET Q q 0 0 0 rg BT 284.64 476.25 Td (such ) Tj ET Q q 0 0 0 rg BT 306.42 476.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 350.42 476.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 376.64 476.25 Td (becomes ) Tj ET Q q 0 0 0 rg BT 415.08 476.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 444.08 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 457.53 476.25 Td (reason ) Tj ET Q q 0 0 0 rg BT 487.08 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.86 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.53 476.25 Td (lapse ) Tj ET Q q 0 0 0 rg BT 538.53 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.31 476.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 93.09 464.25 Td (restrictions, ) Tj ET Q q 0 0 0 rg BT 142.52 464.25 Td (after ) Tj ET Q q 0 0 0 rg BT 163.34 464.25 Td (which ) Tj ET Q q 0 0 0 rg BT 190.28 464.25 Td (time ) Tj ET Q q 0 0 0 rg BT 210.55 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 225.27 464.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 266.65 464.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 288.04 464.25 Td (make ) Tj ET Q q 0 0 0 rg BT 312.20 464.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 347.46 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 358.29 464.25 Td (the ) Tj ET Q q 0 0 0 rg BT 372.83 464.25 Td (V) Tj ET Q q 0 0 0 rg BT 378.94 464.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 401.99 464.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 431.15 464.25 Td (to ) Tj ET Q q 0 0 0 rg BT 441.42 464.25 Td (Holder; ) Tj ET Q q 0 0 0 rg BT 474.47 464.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (WHEREAS) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.62 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 142.76 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 158.62 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 201.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 219.22 440.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 250.62 440.25 Td (understand ) Tj ET Q q 0 0 0 rg BT 298.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 316.21 440.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 341.50 440.25 Td (that ) Tj ET Q q 0 0 0 rg BT 360.13 440.25 Td (this ) Tj ET Q q 0 0 0 rg BT 377.41 440.25 Td (A) Tj ET Q q 0 0 0 rg BT 383.72 440.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 407.34 440.25 Td (is ) Tj ET Q q 0 0 0 rg BT 417.65 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.07 440.25 Td (all ) Tj ET Q q 0 0 0 rg BT 442.70 440.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 478.54 440.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 510.51 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 521.92 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 537.78 440.25 Td (terms, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 93.85 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 109.86 428.25 Td (provisions ) Tj ET Q q 0 0 0 rg BT 153.11 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.02 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.81 428.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 198.66 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 214.68 428.25 Td (all ) Tj ET Q q 0 0 0 rg BT 226.25 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 236.16 428.25 Td (which ) Tj ET Q q 0 0 0 rg BT 262.17 428.25 Td (are ) Tj ET Q q 0 0 0 rg BT 275.95 428.25 Td (incorporated ) Tj ET Q q 0 0 0 rg BT 328.06 428.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 354.62 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 366.20 428.25 Td (reference, ) Tj ET Q q 0 0 0 rg BT 407.46 428.25 Td (except ) Tj ET Q q 0 0 0 rg BT 435.13 428.25 Td (to ) Tj ET Q q 0 0 0 rg BT 444.48 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.28 428.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 484.29 428.25 Td (otherwise ) Tj ET Q q 0 0 0 rg BT 524.74 428.25 Td (expressly ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 87.55 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 97.83 416.25 Td (this ) Tj ET Q q 0 0 0 rg BT 114.22 416.25 Td (A) Tj ET Q q 0 0 0 rg BT 120.53 416.25 Td (ward.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (NOW) Tj ET Q q 0 0 0 rg BT 110.32 392.25 Td ( ) Tj ET Q q 0 0 0 rg BT 113.12 392.25 Td (THEREFORE) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 175.91 392.25 Td (, ) Tj ET Q q 0 0 0 rg BT 181.43 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 192.23 392.25 Td (consideration ) Tj ET Q q 0 0 0 rg BT 249.13 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.48 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.72 392.25 Td (mutual ) Tj ET Q q 0 0 0 rg BT 306.52 392.25 Td (covenants ) Tj ET Q q 0 0 0 rg BT 349.52 392.25 Td (hereinafter ) Tj ET Q q 0 0 0 rg BT 395.85 392.25 Td (set ) Tj ET Q q 0 0 0 rg BT 409.98 392.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 432.44 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 449.90 392.25 Td (for ) Tj ET Q q 0 0 0 rg BT 464.58 392.25 Td (other ) Tj ET Q q 0 0 0 rg BT 488.15 392.25 Td (good ) Tj ET Q q 0 0 0 rg BT 511.18 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 528.64 392.25 Td (valuable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (consideration, ) Tj ET Q q 0 0 0 rg BT 108.37 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 123.09 380.25 Td (parties ) Tj ET Q q 0 0 0 rg BT 152.24 380.25 Td (agree ) Tj ET Q q 0 0 0 rg BT 176.39 380.25 Td (as ) Tj ET Q q 0 0 0 rg BT 187.22 380.25 Td (follows:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.68505859375 m 186.91015625 354.68505859375 l s q 0 0 0 rg BT 85.50 356.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 132.15 356.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 158.21 356.25 Td (A) Tj ET Q q 0 0 0 rg BT 164.69 356.25 Td (ward) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.91 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 192.19 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 194.77 356.25 Td (The ) Tj ET Q q 0 0 0 rg BT 213.10 356.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 254.77 356.25 Td (hereby ) Tj ET Q q 0 0 0 rg BT 284.76 356.25 Td (grants ) Tj ET Q q 0 0 0 rg BT 311.98 356.25 Td (to ) Tj ET Q q 0 0 0 rg BT 322.54 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 337.54 356.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 368.09 356.25 Td (an ) Tj ET Q q 0 0 0 rg BT 380.31 356.25 Td (aggregate ) Tj ET Q q 0 0 0 rg BT 421.96 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.07 356.25 Td (____________ ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 495.85 356.25 Td (\(____________\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (shares) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 74.49 344.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 76.66 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.15 344.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 129.86 344.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 154.80 344.25 Td (\() Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 162.57 344.25 Td (A) Tj ET Q q 0 0 0 rg BT 169.05 344.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 193.44 344.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 239.47 344.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 263.36 344.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 273.30 344.25 Td (on ) Tj ET Q q 0 0 0 rg BT 285.46 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 299.84 344.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 324.23 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 340.83 344.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 384.66 344.25 Td (set ) Tj ET Q q 0 0 0 rg BT 397.94 344.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 419.54 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 429.48 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 443.87 344.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 463.81 344.25 Td (and ) Tj ET Q q 0 0 0 rg BT 480.41 344.25 Td (supplemented ) Tj ET Q q 0 0 0 rg BT 538.12 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 548.06 344.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (A) Tj ET Q q 0 0 0 rg BT 55.80 332.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 80.79 332.25 Td (including, ) Tj ET Q q 0 0 0 rg BT 123.57 332.25 Td (without ) Tj ET Q q 0 0 0 rg BT 156.62 332.25 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 200.51 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 215.23 332.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 262.16 332.25 Td (more ) Tj ET Q q 0 0 0 rg BT 285.21 332.25 Td (specifically ) Tj ET Q q 0 0 0 rg BT 333.80 332.25 Td (set ) Tj ET Q q 0 0 0 rg BT 347.41 332.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 369.34 332.25 Td (in ) Tj ET Q q 0 0 0 rg BT 379.62 332.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 412.12 332.25 Td (2 ) Tj ET Q q 0 0 0 rg BT 419.62 332.25 Td (below) Tj ET Q q 0 0 0 rg BT 443.41 332.25 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (2. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 306.68505859375 m 229.4365234375 306.68505859375 l s q 0 0 0 rg BT 85.50 308.25 Td (V) Tj ET Q q 0 0 0 rg BT 91.80 308.25 Td (esting ) Tj ET Q q 0 0 0 rg BT 118.88 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.83 308.25 Td (A) Tj ET Q q 0 0 0 rg BT 135.31 308.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 159.60 308.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 205.54 308.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 229.44 308.25 Td (. ) Tj ET Q q 0 0 0 rg BT 234.01 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 235.94 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 253.56 308.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 300.07 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 312.14 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 325.98 308.25 Td (A) Tj ET Q q 0 0 0 rg BT 332.28 308.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 354.35 308.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 396.96 308.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 421.82 308.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 442.78 308.25 Td (lapse ) Tj ET Q q 0 0 0 rg BT 465.40 308.25 Td (\(A) Tj ET Q q 0 0 0 rg BT 475.03 308.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 497.10 308.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 539.72 308.25 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (with ) Tj ET Q q 0 0 0 rg BT 69.45 296.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 99.93 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 109.88 296.25 Td (which ) Tj ET Q q 0 0 0 rg BT 136.49 296.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 183.09 296.25 Td (have ) Tj ET Q q 0 0 0 rg BT 204.14 296.25 Td (lapsed ) Tj ET Q q 0 0 0 rg BT 231.85 296.25 Td (being ) Tj ET Q q 0 0 0 rg BT 256.24 296.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 283.40 296.25 Td (referred ) Tj ET Q q 0 0 0 rg BT 317.20 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 327.15 296.25 Td (as ) Tj ET Q q 0 0 0 rg BT 337.65 296.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 342.09 296.25 Td (V) Tj ET Q q 0 0 0 rg BT 348.39 296.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 372.22 296.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 392.60 296.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 400.93 296.25 Td (\) ) Tj ET Q q 0 0 0 rg BT 410.87 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 427.48 296.25 Td (such ) Tj ET Q q 0 0 0 rg BT 447.50 296.25 Td (A) Tj ET Q q 0 0 0 rg BT 453.80 296.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 475.96 296.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 518.67 296.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 543.62 296.25 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (become ) Tj ET Q q 0 0 0 rg BT 83.30 284.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 95.45 284.25 Td (non-forfeitable ) Tj ET Q q 0 0 0 rg BT 158.13 284.25 Td (with ) Tj ET Q q 0 0 0 rg BT 178.61 284.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 209.63 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 220.12 284.25 Td (a ) Tj ET Q q 0 0 0 rg BT 227.27 284.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 266.07 284.25 Td (percentage ) Tj ET Q q 0 0 0 rg BT 312.08 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 322.52 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 328.82 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 351.52 284.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 394.77 284.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 420.25 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 432.96 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 447.88 284.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 471.14 284.25 Td (set ) Tj ET Q q 0 0 0 rg BT 484.95 284.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 507.10 284.25 Td (in ) Tj ET Q q 0 0 0 rg BT 517.59 284.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 531.39 284.25 Td (through ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (\(c\) ) Tj ET Q q 0 0 0 rg BT 62.65 272.25 Td (below) Tj ET Q q 0 0 0 rg BT 86.44 272.25 Td (, ) Tj ET Q q 0 0 0 rg BT 91.00 272.25 Td (and ) Tj ET Q q 0 0 0 rg BT 107.49 272.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 121.76 272.25 Td (will ) Tj ET Q q 0 0 0 rg BT 139.37 272.25 Td (become ) Tj ET Q q 0 0 0 rg BT 172.52 272.25 Td (100% ) Tj ET Q q 0 0 0 rg BT 197.91 272.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 225.51 272.25 Td (on ) Tj ET Q q 0 0 0 rg BT 237.56 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 251.83 272.25 Td (occurrence ) Tj ET Q q 0 0 0 rg BT 297.74 272.25 Td (\(if ) Tj ET Q q 0 0 0 rg BT 309.23 272.25 Td (any\) ) Tj ET Q q 0 0 0 rg BT 329.06 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 339.44 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 353.71 272.25 Td (earliest ) Tj ET Q q 0 0 0 rg BT 384.64 272.25 Td (of ) Tj ET Q q 0 0 0 rg BT 395.03 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 409.30 272.25 Td (dates ) Tj ET Q q 0 0 0 rg BT 431.90 272.25 Td (set ) Tj ET Q q 0 0 0 rg BT 445.06 272.25 Td (forth ) Tj ET Q q 0 0 0 rg BT 466.55 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 476.39 272.25 Td (\(d\) ) Tj ET Q q 0 0 0 rg BT 490.10 272.25 Td (through ) Tj ET Q q 0 0 0 rg BT 523.27 272.25 Td (\(f\) ) Tj ET Q q 0 0 0 rg BT 535.31 272.25 Td (below:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 248.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 248.25 Td (34% ) Tj ET Q q 0 0 0 rg BT 142.33 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.16 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.33 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.63 248.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 196.12 248.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 239.16 248.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 264.44 248.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.94 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 248.25 Td (date ) Tj ET Q q 0 0 0 rg BT 310.81 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.64 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.36 248.25 Td (1) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.36 252.78 Td (st) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.69 248.25 Td ( ) Tj ET Q q 0 0 0 rg BT 347.64 248.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 399.57 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 410.40 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 425.12 248.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 446.49 248.25 Td (of ) Tj ET Q q 0 0 0 rg BT 457.32 248.25 Td (Grant; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 224.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 224.25 Td (33% ) Tj ET Q q 0 0 0 rg BT 142.33 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.16 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.33 224.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.63 224.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 196.12 224.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 239.16 224.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 264.44 224.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.94 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 224.25 Td (date ) Tj ET Q q 0 0 0 rg BT 310.81 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.64 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.36 224.25 Td (2nd ) Tj ET Q q 0 0 0 rg BT 353.31 224.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 405.24 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 416.07 224.25 Td (the ) Tj ET Q q 0 0 0 rg BT 430.78 224.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 452.16 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 462.99 224.25 Td (Grant;) Tj ET Q endstream endobj 299 0 obj <> endobj 300 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-2) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 740.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 740.25 Td (33% ) Tj ET Q q 0 0 0 rg BT 142.33 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 153.16 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.33 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 173.63 740.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 196.12 740.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 239.16 740.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 264.44 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 276.94 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 291.66 740.25 Td (date ) Tj ET Q q 0 0 0 rg BT 310.81 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 321.64 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 336.36 740.25 Td (3) Tj ET Q BT /F1 10.00 Tf ET BT /F1 6.50 Tf ET q 0 0 0 rg BT 341.36 744.78 Td (rd) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 346.77 740.25 Td ( ) Tj ET Q q 0 0 0 rg BT 348.72 740.25 Td (Anniversary ) Tj ET Q q 0 0 0 rg BT 400.65 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 411.48 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 426.20 740.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 447.57 740.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.40 740.25 Td (Grant;) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 716.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 716.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 716.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 716.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 716.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 194.34 716.25 Td () Tj ET Q q 0 0 0 rg BT 197.12 716.25 Td (s ) Tj ET Q q 0 0 0 rg BT 203.51 716.25 Td (death ) Tj ET Q q 0 0 0 rg BT 227.67 716.25 Td (or ) Tj ET Q q 0 0 0 rg BT 238.50 716.25 Td (Disability; ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 692.25 Td (\(e\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 692.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 692.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 692.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 692.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 206.19 692.25 Td (of ) Tj ET Q q 0 0 0 rg BT 217.02 692.25 Td (Control; ) Tj ET Q q 0 0 0 rg BT 252.85 692.25 Td (and) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 668.25 Td (\(f\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 136.22 668.25 Td (date ) Tj ET Q q 0 0 0 rg BT 155.37 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 166.20 668.25 Td (a ) Tj ET Q q 0 0 0 rg BT 173.14 668.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 238.97 668.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 272.01 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.84 668.25 Td (Control.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 644.25 Td (For ) Tj ET Q q 0 0 0 rg BT 102.58 644.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 141.32 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 152.83 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 169.76 644.25 Td (A) Tj ET Q q 0 0 0 rg BT 176.07 644.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 201.74 644.25 Td (the ) Tj ET Q q 0 0 0 rg BT 217.15 644.25 Td (term ) Tj ET Q q 0 0 0 rg BT 238.66 644.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 243.10 644.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 314.61 644.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 350.58 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 362.10 644.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 387.47 644.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 395.25 644.25 Td ( ) Tj ET Q q 0 0 0 rg BT 402.87 644.25 Td (means ) Tj ET Q q 0 0 0 rg BT 431.60 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 439.23 644.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 472.96 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 484.48 644.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 518.22 644.25 Td (that ) Tj ET Q q 0 0 0 rg BT 536.40 644.25 Td (occurs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.25 Td (following ) Tj ET Q q 0 0 0 rg BT 91.31 632.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 119.45 632.25 Td () Tj ET Q q 0 0 0 rg BT 122.23 632.25 Td (s ) Tj ET Q q 0 0 0 rg BT 129.04 632.25 Td (Separation, ) Tj ET Q q 0 0 0 rg BT 177.23 632.25 Td (but ) Tj ET Q q 0 0 0 rg BT 192.93 632.25 Td (where ) Tj ET Q q 0 0 0 rg BT 220.29 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 241.54 632.25 Td (Separation ) Tj ET Q q 0 0 0 rg BT 287.23 632.25 Td (resulted ) Tj ET Q q 0 0 0 rg BT 321.81 632.25 Td (from ) Tj ET Q q 0 0 0 rg BT 344.17 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.31 632.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 427.77 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 439.02 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.17 632.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 487.64 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 498.89 632.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 532.37 632.25 Td (prior ) Tj ET Q q 0 0 0 rg BT 554.73 632.25 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 77.64 620.25 Td () Tj ET Q q 0 0 0 rg BT 80.42 620.25 Td (s ) Tj ET Q q 0 0 0 rg BT 86.85 620.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 134.66 620.25 Td (For ) Tj ET Q q 0 0 0 rg BT 151.09 620.25 Td (all ) Tj ET Q q 0 0 0 rg BT 163.63 620.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 201.73 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 212.60 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 229.03 620.25 Td (A) Tj ET Q q 0 0 0 rg BT 235.33 620.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 260.37 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 275.13 620.25 Td (term ) Tj ET Q q 0 0 0 rg BT 295.99 620.25 Td () Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 300.43 620.25 Td (Commencement ) Tj ET Q q 0 0 0 rg BT 372.39 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 383.27 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 399.14 620.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 434.47 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 445.34 620.25 Td (Contr) Tj ET Q q 0 0 0 rg BT 470.71 620.25 Td (ol) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 478.49 620.25 Td ( ) Tj ET Q q 0 0 0 rg BT 485.47 620.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 506.90 620.25 Td (mean ) Tj ET Q q 0 0 0 rg BT 531.10 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 545.86 620.25 Td (date ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.25 Td (on ) Tj ET Q q 0 0 0 rg BT 63.14 608.25 Td (which ) Tj ET Q q 0 0 0 rg BT 91.21 608.25 Td (any ) Tj ET Q q 0 0 0 rg BT 109.28 608.25 Td (material ) Tj ET Q q 0 0 0 rg BT 145.68 608.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 176.25 608.25 Td (including ) Tj ET Q q 0 0 0 rg BT 217.65 608.25 Td (without ) Tj ET Q q 0 0 0 rg BT 251.85 608.25 Td (limitation ) Tj ET Q q 0 0 0 rg BT 294.37 608.25 Td (through ) Tj ET Q q 0 0 0 rg BT 329.11 608.25 Td (a ) Tj ET Q q 0 0 0 rg BT 337.19 608.25 Td (written ) Tj ET Q q 0 0 0 rg BT 369.15 608.25 Td (of) Tj ET Q q 0 0 0 rg BT 377.30 608.25 Td (fer) Tj ET Q q 0 0 0 rg BT 387.99 608.25 Td (, ) Tj ET Q q 0 0 0 rg BT 394.13 608.25 Td (open-market ) Tj ET Q q 0 0 0 rg BT 448.30 608.25 Td (bid, ) Tj ET Q q 0 0 0 rg BT 467.21 608.25 Td (corporate ) Tj ET Q q 0 0 0 rg BT 508.60 608.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 539.17 608.25 Td (proxy ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (solicitation ) Tj ET Q q 0 0 0 rg BT 96.15 596.25 Td (or ) Tj ET Q q 0 0 0 rg BT 106.69 596.25 Td (otherwise, ) Tj ET Q q 0 0 0 rg BT 150.28 596.25 Td (is ) Tj ET Q q 0 0 0 rg BT 159.16 596.25 Td (taken ) Tj ET Q q 0 0 0 rg BT 183.03 596.25 Td (by ) Tj ET Q q 0 0 0 rg BT 195.24 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 201.89 596.25 Td (person ) Tj ET Q q 0 0 0 rg BT 239.64 596.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 253.51 596.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 285.71 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 295.70 596.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 327.91 596.25 Td (13\(d\) ) Tj ET Q q 0 0 0 rg BT 351.78 596.25 Td (or ) Tj ET Q q 0 0 0 rg BT 362.32 596.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 394.53 596.25 Td (14\(d\)\(2\) ) Tj ET Q q 0 0 0 rg BT 430.06 596.25 Td (of ) Tj ET Q q 0 0 0 rg BT 440.60 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 455.03 596.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 476.76 596.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 499.24 596.25 Td (or ) Tj ET Q q 0 0 0 rg BT 509.78 596.25 Td (a ) Tj ET Q q 0 0 0 rg BT 516.43 596.25 Td (group ) Tj ET Q q 0 0 0 rg BT 550.85 596.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 81.96 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 92.21 584.25 Td (Section ) Tj ET Q q 0 0 0 rg BT 124.67 584.25 Td (13\(d\)\(3\) ) Tj ET Q q 0 0 0 rg BT 160.46 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.26 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 185.95 584.25 Td (1934 ) Tj ET Q q 0 0 0 rg BT 207.88 584.25 Td (Act\), ) Tj ET Q q 0 0 0 rg BT 230.61 584.25 Td (or ) Tj ET Q q 0 0 0 rg BT 241.42 584.25 Td (their ) Tj ET Q q 0 0 0 rg BT 262.21 584.25 Td (af) Tj ET Q q 0 0 0 rg BT 269.80 584.25 Td (filiates, ) Tj ET Q q 0 0 0 rg BT 301.98 584.25 Td (to ) Tj ET Q q 0 0 0 rg BT 312.23 584.25 Td (commence ) Tj ET Q q 0 0 0 rg BT 358.01 584.25 Td (ef) Tj ET Q q 0 0 0 rg BT 365.60 584.25 Td (forts ) Tj ET Q q 0 0 0 rg BT 386.40 584.25 Td (that, ) Tj ET Q q 0 0 0 rg BT 406.37 584.25 Td (within ) Tj ET Q q 0 0 0 rg BT 434.39 584.25 Td (12 ) Tj ET Q q 0 0 0 rg BT 446.86 584.25 Td (months ) Tj ET Q q 0 0 0 rg BT 478.78 584.25 Td (after ) Tj ET Q q 0 0 0 rg BT 499.57 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 514.26 584.25 Td (date ) Tj ET Q q 0 0 0 rg BT 533.38 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 544.18 584.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.25 Td (material ) Tj ET Q q 0 0 0 rg BT 84.76 572.25 Td (action, ) Tj ET Q q 0 0 0 rg BT 114.19 572.25 Td (leads ) Tj ET Q q 0 0 0 rg BT 137.24 572.25 Td (to ) Tj ET Q q 0 0 0 rg BT 147.52 572.25 Td (a ) Tj ET Q q 0 0 0 rg BT 154.46 572.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 187.50 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 198.33 572.25 Td (Control ) Tj ET Q q 0 0 0 rg BT 231.39 572.25 Td (involving ) Tj ET Q q 0 0 0 rg BT 272.22 572.25 Td (such ) Tj ET Q q 0 0 0 rg BT 293.05 572.25 Td (person, ) Tj ET Q q 0 0 0 rg BT 324.71 572.25 Td (group, ) Tj ET Q q 0 0 0 rg BT 353.04 572.25 Td (or ) Tj ET Q q 0 0 0 rg BT 363.88 572.25 Td (their ) Tj ET Q q 0 0 0 rg BT 384.70 572.25 Td (af) Tj ET Q q 0 0 0 rg BT 392.29 572.25 Td (filiates.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (3. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 546.68505859375 m 303.87255859375 546.68505859375 l s q 0 0 0 rg BT 85.50 548.25 Td (Restrictions ) Tj ET Q q 0 0 0 rg BT 139.28 548.25 Td (- ) Tj ET Q q 0 0 0 rg BT 145.28 548.25 Td (Forfeitur) Tj ET Q q 0 0 0 rg BT 184.53 548.25 Td (e ) Tj ET Q q 0 0 0 rg BT 191.64 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 202.06 548.25 Td (A) Tj ET Q q 0 0 0 rg BT 208.54 548.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 233.44 548.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 279.98 548.25 Td (Stock) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 303.87 548.25 Td (. ) Tj ET Q q 0 0 0 rg BT 309.05 548.25 Td ( ) Tj ET Q q 0 0 0 rg BT 311.53 548.25 Td (The ) Tj ET Q q 0 0 0 rg BT 329.17 548.25 Td (A) Tj ET Q q 0 0 0 rg BT 335.47 548.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 358.14 548.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 401.36 548.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 426.81 548.25 Td (is ) Tj ET Q q 0 0 0 rg BT 436.16 548.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.16 548.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.62 548.25 Td (restrictions ) Tj ET Q q 0 0 0 rg BT 524.73 548.25 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.25 Td (that ) Tj ET Q q 0 0 0 rg BT 66.99 536.25 Td (all ) Tj ET Q q 0 0 0 rg BT 79.47 536.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 104.74 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 115.56 536.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 145.82 536.25 Td (to ) Tj ET Q q 0 0 0 rg BT 156.09 536.25 Td (any ) Tj ET Q q 0 0 0 rg BT 173.02 536.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 200.50 536.25 Td (of ) Tj ET Q q 0 0 0 rg BT 211.32 536.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 254.35 536.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 279.62 536.25 Td (which ) Tj ET Q q 0 0 0 rg BT 306.55 536.25 Td (have ) Tj ET Q q 0 0 0 rg BT 327.91 536.25 Td (not ) Tj ET Q q 0 0 0 rg BT 343.18 536.25 Td (become ) Tj ET Q q 0 0 0 rg BT 376.59 536.25 Td (V) Tj ET Q q 0 0 0 rg BT 382.70 536.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 405.74 536.25 Td (Shares ) Tj ET Q q 0 0 0 rg BT 434.89 536.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 456.26 536.25 Td (automatically) Tj ET Q q 0 0 0 rg BT 510.04 536.25 Td (, ) Tj ET Q q 0 0 0 rg BT 515.03 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 531.96 536.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.25 Td (notice, ) Tj ET Q q 0 0 0 rg BT 79.07 524.25 Td (terminate ) Tj ET Q q 0 0 0 rg BT 119.47 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 136.55 524.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 158.08 524.25 Td (be ) Tj ET Q q 0 0 0 rg BT 170.16 524.25 Td (permanently ) Tj ET Q q 0 0 0 rg BT 222.78 524.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 259.84 524.25 Td (on ) Tj ET Q q 0 0 0 rg BT 272.49 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 287.34 524.25 Td (date ) Tj ET Q q 0 0 0 rg BT 306.64 524.25 Td (of ) Tj ET Q q 0 0 0 rg BT 317.61 524.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 345.75 524.25 Td () Tj ET Q q 0 0 0 rg BT 348.53 524.25 Td (s ) Tj ET Q q 0 0 0 rg BT 355.06 524.25 Td (Separation. ) Tj ET Q q 0 0 0 rg BT 402.96 524.25 Td ( ) Tj ET Q q 0 0 0 rg BT 405.60 524.25 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 474.91 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 489.77 524.25 Td (foregoing, ) Tj ET Q q 0 0 0 rg BT 533.79 524.25 Td (if ) Tj ET Q q 0 0 0 rg BT 542.53 524.25 Td (there ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (is ) Tj ET Q q 0 0 0 rg BT 59.73 512.25 Td (an ) Tj ET Q q 0 0 0 rg BT 72.74 512.25 Td (applicable ) Tj ET Q q 0 0 0 rg BT 117.39 512.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 184.28 512.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 218.39 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 230.28 512.25 Td (Control, ) Tj ET Q q 0 0 0 rg BT 266.90 512.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.68 512.25 Td (previously ) Tj ET Q q 0 0 0 rg BT 328.46 512.25 Td (forfeited ) Tj ET Q q 0 0 0 rg BT 365.66 512.25 Td (A) Tj ET Q q 0 0 0 rg BT 371.97 512.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 395.52 512.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 439.62 512.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 465.97 512.25 Td (\(and ) Tj ET Q q 0 0 0 rg BT 487.30 512.25 Td (any ) Tj ET Q q 0 0 0 rg BT 505.30 512.25 Td (corresponding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.48 500.25 Td (Equivalent\) ) Tj ET Q q 0 0 0 rg BT 138.89 500.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 160.54 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 172.74 500.25 Td (reinstated ) Tj ET Q q 0 0 0 rg BT 214.38 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 231.58 500.25 Td (become ) Tj ET Q q 0 0 0 rg BT 265.44 500.25 Td (vested ) Tj ET Q q 0 0 0 rg BT 293.75 500.25 Td (and, ) Tj ET Q q 0 0 0 rg BT 313.45 500.25 Td (for ) Tj ET Q q 0 0 0 rg BT 327.87 500.25 Td (all ) Tj ET Q q 0 0 0 rg BT 340.63 500.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 378.94 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 390.03 500.25 Td (this ) Tj ET Q q 0 0 0 rg BT 406.64 500.25 Td (A) Tj ET Q q 0 0 0 rg BT 412.94 500.25 Td (ward, ) Tj ET Q q 0 0 0 rg BT 438.19 500.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 468.72 500.25 Td (will ) Tj ET Q q 0 0 0 rg BT 487.04 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 499.24 500.25 Td (deemed ) Tj ET Q q 0 0 0 rg BT 533.10 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 543.64 500.25 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (Separated ) Tj ET Q q 0 0 0 rg BT 91.42 488.25 Td (on ) Tj ET Q q 0 0 0 rg BT 103.92 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 118.64 488.25 Td (day ) Tj ET Q q 0 0 0 rg BT 135.58 488.25 Td (after ) Tj ET Q q 0 0 0 rg BT 156.39 488.25 Td (such ) Tj ET Q q 0 0 0 rg BT 177.22 488.25 Td (Post-Separation ) Tj ET Q q 0 0 0 rg BT 243.05 488.25 Td (Change ) Tj ET Q q 0 0 0 rg BT 276.10 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 286.93 488.25 Td (Control.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (4. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 462.68505859375 m 139.23046875 462.68505859375 l s q 0 0 0 rg BT 85.50 464.25 Td (W) Tj ET Q q 0 0 0 rg BT 95.32 464.25 Td (ithholding) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 139.23 464.25 Td (. ) Tj ET Q q 0 0 0 rg BT 144.17 464.25 Td ( ) Tj ET Q q 0 0 0 rg BT 146.62 464.25 Td (If ) Tj ET Q q 0 0 0 rg BT 155.72 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 172.60 464.25 Td (when ) Tj ET Q q 0 0 0 rg BT 196.70 464.25 Td (any ) Tj ET Q q 0 0 0 rg BT 213.58 464.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 241.02 464.25 Td (of ) Tj ET Q q 0 0 0 rg BT 251.25 464.25 Td (A) Tj ET Q q 0 0 0 rg BT 257.56 464.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 279.99 464.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 322.97 464.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 348.19 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 365.08 464.25 Td (any ) Tj ET Q q 0 0 0 rg BT 381.96 464.25 Td (related ) Tj ET Q q 0 0 0 rg BT 411.60 464.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 451.26 464.25 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 500.92 464.25 Td (become ) Tj ET Q q 0 0 0 rg BT 534.45 464.25 Td (vested, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 65.06 452.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 107.29 452.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 145.63 452.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 161.19 452.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 212.86 452.25 Td (required ) Tj ET Q q 0 0 0 rg BT 249.52 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 260.64 452.25 Td (be ) Tj ET Q q 0 0 0 rg BT 273.42 452.25 Td (made ) Tj ET Q q 0 0 0 rg BT 298.41 452.25 Td (by ) Tj ET Q q 0 0 0 rg BT 311.76 452.25 Td (the ) Tj ET Q q 0 0 0 rg BT 327.31 452.25 Td (Company) Tj ET Q q 0 0 0 rg BT 365.55 452.25 Td (, ) Tj ET Q q 0 0 0 rg BT 371.39 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 383.06 452.25 Td (other ) Tj ET Q q 0 0 0 rg BT 406.95 452.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 458.63 452.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 476.96 452.25 Td (as ) Tj ET Q q 0 0 0 rg BT 488.63 452.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 536.95 452.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 452.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.25 Td (Committee ) Tj ET Q q 0 0 0 rg BT 97.98 440.25 Td (in ) Tj ET Q q 0 0 0 rg BT 109.80 440.25 Td (its ) Tj ET Q q 0 0 0 rg BT 123.29 440.25 Td (discretion ) Tj ET Q q 0 0 0 rg BT 166.77 440.25 Td (if ) Tj ET Q q 0 0 0 rg BT 176.92 440.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 225.94 440.25 Td (not ) Tj ET Q q 0 0 0 rg BT 242.76 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 254.58 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 268.06 440.25 Td (detrimental ) Tj ET Q q 0 0 0 rg BT 317.64 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 329.47 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 345.72 440.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 388.65 440.25 Td (or ) Tj ET Q q 0 0 0 rg BT 401.03 440.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 428.39 440.25 Td (, ) Tj ET Q q 0 0 0 rg BT 434.94 440.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 457.87 440.25 Td (be ) Tj ET Q q 0 0 0 rg BT 471.35 440.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 492.61 440.25 Td (by ) Tj ET Q q 0 0 0 rg BT 506.65 440.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 538.46 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 550.28 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (Administrator) Tj ET Q q 0 0 0 rg BT 105.20 428.25 Td (, ) Tj ET Q q 0 0 0 rg BT 110.44 428.25 Td (as ) Tj ET Q q 0 0 0 rg BT 121.50 428.25 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 167.82 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 178.33 428.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 201.33 428.25 Td (by ) Tj ET Q q 0 0 0 rg BT 214.06 428.25 Td (delivery ) Tj ET Q q 0 0 0 rg BT 249.56 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 260.62 428.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 288.63 428.25 Td (which ) Tj ET Q q 0 0 0 rg BT 315.80 428.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 341.31 428.25 Td (may ) Tj ET Q q 0 0 0 rg BT 361.26 428.25 Td (be ) Tj ET Q q 0 0 0 rg BT 373.43 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 383.94 428.25 Td (whole ) Tj ET Q q 0 0 0 rg BT 411.11 428.25 Td (or ) Tj ET Q q 0 0 0 rg BT 422.17 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 432.68 428.25 Td (part ) Tj ET Q q 0 0 0 rg BT 450.76 428.25 Td (V) Tj ET Q q 0 0 0 rg BT 456.88 428.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 480.15 428.25 Td (Shares, ) Tj ET Q q 0 0 0 rg BT 512.05 428.25 Td (based ) Tj ET Q q 0 0 0 rg BT 537.55 428.25 Td (on ) Tj ET Q q 0 0 0 rg BT 550.28 428.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.25 Td (Fair ) Tj ET Q q 0 0 0 rg BT 68.25 416.25 Td (Market ) Tj ET Q q 0 0 0 rg BT 99.57 416.25 Td (V) Tj ET Q q 0 0 0 rg BT 105.69 416.25 Td (alue ) Tj ET Q q 0 0 0 rg BT 124.98 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 135.95 416.25 Td (such ) Tj ET Q q 0 0 0 rg BT 156.92 416.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 182.34 416.25 Td (on ) Tj ET Q q 0 0 0 rg BT 194.98 416.25 Td (the ) Tj ET Q q 0 0 0 rg BT 209.83 416.25 Td (date ) Tj ET Q q 0 0 0 rg BT 229.13 416.25 Td (of ) Tj ET Q q 0 0 0 rg BT 240.10 416.25 Td (delivery) Tj ET Q q 0 0 0 rg BT 272.21 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 277.35 416.25 Td (or ) Tj ET Q q 0 0 0 rg BT 288.32 416.25 Td (via ) Tj ET Q q 0 0 0 rg BT 303.17 416.25 Td (payroll ) Tj ET Q q 0 0 0 rg BT 334.14 416.25 Td (deduction. ) Tj ET Q q 0 0 0 rg BT 378.71 416.25 Td ( ) Tj ET Q q 0 0 0 rg BT 381.16 416.25 Td (The ) Tj ET Q q 0 0 0 rg BT 399.35 416.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 426.71 416.25 Td (, ) Tj ET Q q 0 0 0 rg BT 431.85 416.25 Td (in ) Tj ET Q q 0 0 0 rg BT 442.27 416.25 Td (his ) Tj ET Q q 0 0 0 rg BT 456.58 416.25 Td (sole ) Tj ET Q q 0 0 0 rg BT 475.33 416.25 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 519.90 416.25 Td (may ) Tj ET Q q 0 0 0 rg BT 539.76 416.25 Td (direct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.25 Td (that ) Tj ET Q q 0 0 0 rg BT 67.11 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.94 404.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 123.45 404.25 Td (withhold ) Tj ET Q q 0 0 0 rg BT 161.62 404.25 Td (at ) Tj ET Q q 0 0 0 rg BT 171.45 404.25 Td (any ) Tj ET Q q 0 0 0 rg BT 188.51 404.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 206.11 404.25 Td (which ) Tj ET Q q 0 0 0 rg BT 233.16 404.25 Td (is ) Tj ET Q q 0 0 0 rg BT 242.45 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 252.84 404.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 281.56 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.51 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 307.34 404.25 Td (minimum ) Tj ET Q q 0 0 0 rg BT 348.85 404.25 Td (withholding ) Tj ET Q q 0 0 0 rg BT 399.80 404.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 417.40 404.25 Td (described ) Tj ET Q q 0 0 0 rg BT 458.33 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 468.73 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 483.56 404.25 Td (preceding ) Tj ET Q q 0 0 0 rg BT 525.60 404.25 Td (sentence, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (but ) Tj ET Q q 0 0 0 rg BT 64.40 392.25 Td (not ) Tj ET Q q 0 0 0 rg BT 79.30 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 89.21 392.25 Td (excess ) Tj ET Q q 0 0 0 rg BT 117.43 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.88 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 142.22 392.25 Td (maximum ) Tj ET Q q 0 0 0 rg BT 184.90 392.25 Td (statutory ) Tj ET Q q 0 0 0 rg BT 222.02 392.25 Td (rate ) Tj ET Q q 0 0 0 rg BT 239.13 392.25 Td (in ) Tj ET Q q 0 0 0 rg BT 249.03 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 263.37 392.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 291.51 392.25 Td () Tj ET Q q 0 0 0 rg BT 294.29 392.25 Td (s ) Tj ET Q q 0 0 0 rg BT 300.31 392.25 Td (relevant ) Tj ET Q q 0 0 0 rg BT 334.63 392.25 Td (tax ) Tj ET Q q 0 0 0 rg BT 348.97 392.25 Td (jurisdiction, ) Tj ET Q q 0 0 0 rg BT 399.15 392.25 Td (pursuant ) Tj ET Q q 0 0 0 rg BT 435.71 392.25 Td (to ) Tj ET Q q 0 0 0 rg BT 445.61 392.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 491.60 392.25 Td (established ) Tj ET Q q 0 0 0 rg BT 538.16 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 550.29 392.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (Company) Tj ET Q q 0 0 0 rg BT 87.74 380.25 Td (. ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (5. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 354.68505859375 m 287.74462890625 354.68505859375 l s q 0 0 0 rg BT 85.50 356.25 Td (Rights ) Tj ET Q q 0 0 0 rg BT 116.04 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 127.13 356.25 Td (Holder) Tj ET Q q 0 0 0 rg BT 156.94 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 159.70 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 178.58 356.25 Td (Delivery ) Tj ET Q q 0 0 0 rg BT 217.43 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 228.31 356.25 Td (V) Tj ET Q q 0 0 0 rg BT 234.62 356.25 Td (ested ) Tj ET Q q 0 0 0 rg BT 259.03 356.25 Td (Shar) Tj ET Q q 0 0 0 rg BT 279.41 356.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 287.74 356.25 Td (. ) Tj ET Q q 0 0 0 rg BT 293.00 356.25 Td ( ) Tj ET Q q 0 0 0 rg BT 295.15 356.25 Td (As ) Tj ET Q q 0 0 0 rg BT 309.02 356.25 Td (holder ) Tj ET Q q 0 0 0 rg BT 337.32 356.25 Td (of ) Tj ET Q q 0 0 0 rg BT 348.41 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 362.77 356.25 Td (A) Tj ET Q q 0 0 0 rg BT 369.08 356.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 391.82 356.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 435.12 356.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 463.16 356.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 493.68 356.25 Td (shall ) Tj ET Q q 0 0 0 rg BT 515.32 356.25 Td (have ) Tj ET Q q 0 0 0 rg BT 536.96 356.25 Td (voting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.25 Td (rights ) Tj ET Q q 0 0 0 rg BT 74.42 344.25 Td (related ) Tj ET Q q 0 0 0 rg BT 103.77 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 113.70 344.25 Td (such ) Tj ET Q q 0 0 0 rg BT 134.17 344.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 161.31 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.79 344.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 196.71 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 206.63 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.00 344.25 Td (same ) Tj ET Q q 0 0 0 rg BT 243.69 344.25 Td (extent ) Tj ET Q q 0 0 0 rg BT 270.27 344.25 Td (as ) Tj ET Q q 0 0 0 rg BT 280.75 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 292.33 344.25 Td (owner ) Tj ET Q q 0 0 0 rg BT 319.47 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 329.94 344.25 Td (Stock. ) Tj ET Q q 0 0 0 rg BT 357.37 344.25 Td ( ) Tj ET Q q 0 0 0 rg BT 359.51 344.25 Td (However) Tj ET Q q 0 0 0 rg BT 395.76 344.25 Td (, ) Tj ET Q q 0 0 0 rg BT 400.41 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 410.33 344.25 Td (lieu ) Tj ET Q q 0 0 0 rg BT 427.47 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.95 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 452.31 344.25 Td (right ) Tj ET Q q 0 0 0 rg BT 473.35 344.25 Td (to ) Tj ET Q q 0 0 0 rg BT 483.27 344.25 Td (receive ) Tj ET Q q 0 0 0 rg BT 514.28 344.25 Td (regular ) Tj ET Q q 0 0 0 rg BT 544.74 344.25 Td (cash ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 60.83 332.25 Td (stock ) Tj ET Q q 0 0 0 rg BT 84.93 332.25 Td (dividends ) Tj ET Q q 0 0 0 rg BT 126.82 332.25 Td (\(Dividends\) ) Tj ET Q q 0 0 0 rg BT 177.58 332.25 Td (relative ) Tj ET Q q 0 0 0 rg BT 210.56 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 221.33 332.25 Td (such ) Tj ET Q q 0 0 0 rg BT 242.00 332.25 Td (A) Tj ET Q q 0 0 0 rg BT 248.30 332.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 271.29 332.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 314.83 332.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 343.11 332.25 Td (during ) Tj ET Q q 0 0 0 rg BT 372.21 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 387.43 332.25 Td (restricted ) Tj ET Q q 0 0 0 rg BT 427.62 332.25 Td (period, ) Tj ET Q q 0 0 0 rg BT 458.67 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.88 332.25 Td (Holder ) Tj ET Q q 0 0 0 rg BT 504.65 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 514.31 332.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 547.30 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 558.08 332.25 Td (a ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 89.46 320.25 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 135.52 320.25 Td (whenever ) Tj ET Q q 0 0 0 rg BT 177.13 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 192.09 320.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 233.72 320.25 Td (pays ) Tj ET Q q 0 0 0 rg BT 254.80 320.25 Td (a ) Tj ET Q q 0 0 0 rg BT 261.98 320.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 301.94 320.25 Td (on ) Tj ET Q q 0 0 0 rg BT 314.68 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 329.64 320.25 Td (shares ) Tj ET Q q 0 0 0 rg BT 357.38 320.25 Td (of ) Tj ET Q q 0 0 0 rg BT 368.45 320.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 393.97 320.25 Td (underlying ) Tj ET Q q 0 0 0 rg BT 440.04 320.25 Td (the ) Tj ET Q q 0 0 0 rg BT 454.39 320.25 Td (A) Tj ET Q q 0 0 0 rg BT 460.70 320.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 483.43 320.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 526.71 320.25 Td (Stock, ) Tj ET Q q 0 0 0 rg BT 554.74 320.25 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (each ) Tj ET Q q 0 0 0 rg BT 70.26 308.25 Td (case ) Tj ET Q q 0 0 0 rg BT 89.91 308.25 Td (in ) Tj ET Q q 0 0 0 rg BT 100.13 308.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 147.53 308.25 Td (with, ) Tj ET Q q 0 0 0 rg BT 170.25 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 187.14 308.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 217.90 308.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 230.63 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 245.28 308.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 269.94 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 280.72 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 295.38 308.25 Td (Plan ) Tj ET Q q 0 0 0 rg BT 315.60 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 332.48 308.25 Td (this ) Tj ET Q q 0 0 0 rg BT 348.83 308.25 Td (A) Tj ET Q q 0 0 0 rg BT 355.13 308.25 Td (ward. ) Tj ET Q q 0 0 0 rg BT 380.07 308.25 Td ( ) Tj ET Q q 0 0 0 rg BT 382.33 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 400.32 308.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 432.76 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 443.53 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 458.19 308.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 497.85 308.25 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 543.62 308.25 Td (shall ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (be ) Tj ET Q q 0 0 0 rg BT 61.07 296.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 90.70 296.25 Td (cash, ) Tj ET Q q 0 0 0 rg BT 113.11 296.25 Td (or ) Tj ET Q q 0 0 0 rg BT 123.57 296.25 Td (other ) Tj ET Q q 0 0 0 rg BT 146.26 296.25 Td (property ) Tj ET Q q 0 0 0 rg BT 182.27 296.25 Td (equal ) Tj ET Q q 0 0 0 rg BT 206.06 296.25 Td (to, ) Tj ET Q q 0 0 0 rg BT 218.47 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 228.39 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 242.74 296.25 Td (case ) Tj ET Q q 0 0 0 rg BT 262.09 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 272.55 296.25 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 284.13 296.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 304.03 296.25 Td (or ) Tj ET Q q 0 0 0 rg BT 314.50 296.25 Td (shares, ) Tj ET Q q 0 0 0 rg BT 344.12 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 358.48 296.25 Td (product ) Tj ET Q q 0 0 0 rg BT 391.16 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 401.63 296.25 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 414.86 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 429.21 296.25 Td (per) Tj ET Q q 0 0 0 rg BT 441.78 296.25 Td (-share ) Tj ET Q q 0 0 0 rg BT 468.35 296.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 500.48 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 510.95 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 525.30 296.25 Td (Dividend ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 69.38 284.25 Td (and ) Tj ET Q q 0 0 0 rg BT 86.48 284.25 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 100.80 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 115.68 284.25 Td (number ) Tj ET Q q 0 0 0 rg BT 148.88 284.25 Td (of ) Tj ET Q q 0 0 0 rg BT 159.29 284.25 Td (A) Tj ET Q q 0 0 0 rg BT 165.59 284.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 188.24 284.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 231.45 284.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 256.89 284.25 Td (held ) Tj ET Q q 0 0 0 rg BT 276.76 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 289.43 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 304.30 284.25 Td (record ) Tj ET Q q 0 0 0 rg BT 332.50 284.25 Td (date ) Tj ET Q q 0 0 0 rg BT 351.82 284.25 Td (related ) Tj ET Q q 0 0 0 rg BT 381.68 284.25 Td (to ) Tj ET Q q 0 0 0 rg BT 392.12 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 407.00 284.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 446.88 284.25 Td (being ) Tj ET Q q 0 0 0 rg BT 471.75 284.25 Td (paid ) Tj ET Q q 0 0 0 rg BT 491.63 284.25 Td (on ) Tj ET Q q 0 0 0 rg BT 504.29 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 519.17 284.25 Td (underlying ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.25 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.79 272.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 123.39 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 135.90 272.25 Td (such ) Tj ET Q q 0 0 0 rg BT 156.19 272.25 Td (A) Tj ET Q q 0 0 0 rg BT 162.50 272.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 185.00 272.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 228.06 272.25 Td (Stock; ) Tj ET Q q 0 0 0 rg BT 256.13 272.25 Td (or ) Tj ET Q q 0 0 0 rg BT 266.97 272.25 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 281.70 272.25 Td (other ) Tj ET Q q 0 0 0 rg BT 304.76 272.25 Td (property) Tj ET Q q 0 0 0 rg BT 337.99 272.25 Td (, ) Tj ET Q q 0 0 0 rg BT 343.00 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 357.73 272.25 Td (amount ) Tj ET Q q 0 0 0 rg BT 390.24 272.25 Td (determined ) Tj ET Q q 0 0 0 rg BT 437.73 272.25 Td (by ) Tj ET Q q 0 0 0 rg BT 450.25 272.25 Td (the ) Tj ET Q q 0 0 0 rg BT 464.42 272.25 Td (Administrator) Tj ET Q q 0 0 0 rg BT 519.98 272.25 Td (. ) Tj ET Q q 0 0 0 rg BT 524.99 272.25 Td ( ) Tj ET Q q 0 0 0 rg BT 527.50 272.25 Td (Pursuant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 59.70 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 74.34 260.25 Td (terms ) Tj ET Q q 0 0 0 rg BT 98.98 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 109.74 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 124.38 260.25 Td (Plan, ) Tj ET Q q 0 0 0 rg BT 147.08 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 161.72 260.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 203.04 260.25 Td (will ) Tj ET Q q 0 0 0 rg BT 221.02 260.25 Td (retain ) Tj ET Q q 0 0 0 rg BT 246.20 260.25 Td (custody ) Tj ET Q q 0 0 0 rg BT 279.74 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.49 260.25 Td (all ) Tj ET Q q 0 0 0 rg BT 302.91 260.25 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 342.55 260.25 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 392.19 260.25 Td (\(which ) Tj ET Q q 0 0 0 rg BT 422.38 260.25 Td (are ) Tj ET Q q 0 0 0 rg BT 437.01 260.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 467.76 260.25 Td (to ) Tj ET Q q 0 0 0 rg BT 477.96 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 492.61 260.25 Td (same ) Tj ET Q q 0 0 0 rg BT 515.58 260.25 Td (restrictions, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (terms, ) Tj ET Q q 0 0 0 rg BT 76.72 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 93.66 248.25 Td (conditions ) Tj ET Q q 0 0 0 rg BT 137.82 248.25 Td (as ) Tj ET Q q 0 0 0 rg BT 148.65 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 163.37 248.25 Td (related ) Tj ET Q q 0 0 0 rg BT 192.52 248.25 Td (A) Tj ET Q q 0 0 0 rg BT 198.82 248.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 221.31 248.25 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 264.35 248.25 Td (Stock\) ) Tj ET Q q 0 0 0 rg BT 292.96 248.25 Td (until ) Tj ET Q q 0 0 0 rg BT 313.80 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 328.51 248.25 Td (conclusion ) Tj ET Q q 0 0 0 rg BT 374.34 248.25 Td (of ) Tj ET Q endstream endobj 301 0 obj <> endobj 302 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-3) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.45 740.10 Td (restricted ) Tj ET Q q 0 0 0 rg BT 102.39 740.10 Td (period. ) Tj ET Q q 0 0 0 rg BT 132.17 740.10 Td ( ) Tj ET Q q 0 0 0 rg BT 133.91 740.10 Td (If ) Tj ET Q q 0 0 0 rg BT 142.30 740.10 Td (a ) Tj ET Q q 0 0 0 rg BT 148.47 740.10 Td (share ) Tj ET Q q 0 0 0 rg BT 171.31 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 180.99 740.10 Td (A) Tj ET Q q 0 0 0 rg BT 187.29 740.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 209.02 740.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 251.29 740.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 275.81 740.10 Td (is ) Tj ET Q q 0 0 0 rg BT 284.21 740.10 Td (forfeited, ) Tj ET Q q 0 0 0 rg BT 322.87 740.10 Td (any ) Tj ET Q q 0 0 0 rg BT 339.04 740.10 Td (such ) Tj ET Q q 0 0 0 rg BT 359.11 740.10 Td (related ) Tj ET Q q 0 0 0 rg BT 388.05 740.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 427.00 740.10 Td (Equivalents ) Tj ET Q q 0 0 0 rg BT 475.94 740.10 Td (also ) Tj ET Q q 0 0 0 rg BT 493.79 740.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 514.41 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.58 740.10 Td (forfeited. ) Tj ET Q q 0 0 0 rg BT 565.01 740.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (The ) Tj ET Q q 0 0 0 rg BT 66.90 716.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 125.39 716.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 146.66 716.10 Td (deliver ) Tj ET Q q 0 0 0 rg BT 176.81 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 191.24 716.10 Td (V) Tj ET Q q 0 0 0 rg BT 197.35 716.10 Td (ested ) Tj ET Q q 0 0 0 rg BT 220.28 716.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 249.33 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 266.15 716.10 Td (Dividend ) Tj ET Q q 0 0 0 rg BT 305.75 716.10 Td (Equivalent ) Tj ET Q q 0 0 0 rg BT 351.46 716.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 383.84 716.10 Td (\(the ) Tj ET Q q 0 0 0 rg BT 401.77 716.10 Td (former ) Tj ET Q q 0 0 0 rg BT 431.36 716.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 465.39 716.10 Td (by ) Tj ET Q q 0 0 0 rg BT 477.77 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.37 716.10 Td (number ) Tj ET Q q 0 0 0 rg BT 525.31 716.10 Td (of ) Tj ET Q q 0 0 0 rg BT 535.85 716.10 Td (V) Tj ET Q q 0 0 0 rg BT 541.96 716.10 Td (ested ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (Shares ) Tj ET Q q 0 0 0 rg BT 77.87 704.10 Td (or ) Tj ET Q q 0 0 0 rg BT 87.90 704.10 Td (cash, ) Tj ET Q q 0 0 0 rg BT 109.88 704.10 Td (as ) Tj ET Q q 0 0 0 rg BT 119.92 704.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 165.21 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 181.36 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 195.28 704.10 Td (latter ) Tj ET Q q 0 0 0 rg BT 217.53 704.10 Td (reduced ) Tj ET Q q 0 0 0 rg BT 250.88 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 262.59 704.10 Td (payroll ) Tj ET Q q 0 0 0 rg BT 292.62 704.10 Td (deduction ) Tj ET Q q 0 0 0 rg BT 333.76 704.10 Td (delivered ) Tj ET Q q 0 0 0 rg BT 372.67 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 382.15 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 395.70 704.10 Td (Administrator ) Tj ET Q q 0 0 0 rg BT 453.51 704.10 Td (to ) Tj ET Q q 0 0 0 rg BT 462.99 704.10 Td (pay ) Tj ET Q q 0 0 0 rg BT 479.14 704.10 Td (required ) Tj ET Q q 0 0 0 rg BT 514.16 704.10 Td (withholding ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.77 692.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 107.26 692.10 Td (4 ) Tj ET Q q 0 0 0 rg BT 114.76 692.10 Td (above\) ) Tj ET Q q 0 0 0 rg BT 144.47 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 154.75 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 169.47 692.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 199.73 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 210.56 692.10 Td (soon ) Tj ET Q q 0 0 0 rg BT 231.96 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 242.79 692.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 288.60 692.10 Td (possible ) Tj ET Q q 0 0 0 rg BT 323.88 692.10 Td (following ) Tj ET Q q 0 0 0 rg BT 365.27 692.10 Td (vesting. ) Tj ET Q q 0 0 0 rg BT 399.15 692.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (6. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 666.53505859375 m 186.810546875 666.53505859375 l s q 0 0 0 rg BT 85.50 668.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.33 668.10 Td (T) Tj ET Q q 0 0 0 rg BT 106.26 668.10 Td (ransfers ) Tj ET Q q 0 0 0 rg BT 144.06 668.10 Td (Permitted) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 186.81 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 192.12 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 194.73 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 213.08 668.10 Td (rights ) Tj ET Q q 0 0 0 rg BT 238.67 668.10 Td (under ) Tj ET Q q 0 0 0 rg BT 264.25 668.10 Td (this ) Tj ET Q q 0 0 0 rg BT 280.89 668.10 Td (A) Tj ET Q q 0 0 0 rg BT 287.19 668.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 309.99 668.10 Td (are ) Tj ET Q q 0 0 0 rg BT 325.01 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 340.60 668.10 Td (transferable ) Tj ET Q q 0 0 0 rg BT 390.60 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 403.41 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 418.44 668.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 449.02 668.10 Td (other ) Tj ET Q q 0 0 0 rg BT 472.37 668.10 Td (than ) Tj ET Q q 0 0 0 rg BT 492.40 668.10 Td (as ) Tj ET Q q 0 0 0 rg BT 503.54 668.10 Td (set ) Tj ET Q q 0 0 0 rg BT 517.46 668.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 539.71 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 668.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Plan. ) Tj ET Q q 0 0 0 rg BT 72.28 656.10 Td ( ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (7. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 630.53505859375 m 244.5732421875 630.53505859375 l s q 0 0 0 rg BT 85.50 632.10 Td (No ) Tj ET Q q 0 0 0 rg BT 100.83 632.10 Td (Right ) Tj ET Q q 0 0 0 rg BT 127.60 632.10 Td (T) Tj ET Q q 0 0 0 rg BT 133.35 632.10 Td (o ) Tj ET Q q 0 0 0 rg BT 141.45 632.10 Td (Continued ) Tj ET Q q 0 0 0 rg BT 189.57 632.10 Td (Employment) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 244.57 632.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 247.07 632.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.18 632.10 Td ( ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 253.28 632.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 286.37 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.69 632.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 322.58 632.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 339.01 632.10 Td (this ) Tj ET Q q 0 0 0 rg BT 355.88 632.10 Td (A) Tj ET Q q 0 0 0 rg BT 362.18 632.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 385.28 632.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 407.27 632.10 Td (confer ) Tj ET Q q 0 0 0 rg BT 435.91 632.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 459.01 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 474.33 632.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 505.21 632.10 Td (any ) Tj ET Q q 0 0 0 rg BT 522.75 632.10 Td (right ) Tj ET Q q 0 0 0 rg BT 544.74 632.10 Td (with ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 80.29 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 90.54 620.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 143.00 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 153.80 620.10 Td (employment ) Tj ET Q q 0 0 0 rg BT 206.27 620.10 Td (by ) Tj ET Q q 0 0 0 rg BT 218.74 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 233.43 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 271.66 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.64 620.10 Td (or ) Tj ET Q q 0 0 0 rg BT 287.44 620.10 Td (any ) Tj ET Q q 0 0 0 rg BT 304.35 620.10 Td (right ) Tj ET Q q 0 0 0 rg BT 325.71 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 335.96 620.10 Td (provide ) Tj ET Q q 0 0 0 rg BT 368.98 620.10 Td (services ) Tj ET Q q 0 0 0 rg BT 403.66 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 413.91 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.60 620.10 Td (Company) Tj ET Q q 0 0 0 rg BT 466.83 620.10 Td (, ) Tj ET Q q 0 0 0 rg BT 471.81 620.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 487.61 620.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 508.97 620.10 Td (they ) Tj ET Q q 0 0 0 rg BT 528.66 620.10 Td (interfere ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (in ) Tj ET Q q 0 0 0 rg BT 59.69 608.10 Td (any ) Tj ET Q q 0 0 0 rg BT 76.54 608.10 Td (way ) Tj ET Q q 0 0 0 rg BT 95.62 608.10 Td (with ) Tj ET Q q 0 0 0 rg BT 115.81 608.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 143.95 608.10 Td () Tj ET Q q 0 0 0 rg BT 146.73 608.10 Td (s ) Tj ET Q q 0 0 0 rg BT 153.03 608.10 Td (right ) Tj ET Q q 0 0 0 rg BT 174.33 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 184.52 608.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 224.70 608.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 279.60 608.10 Td (or ) Tj ET Q q 0 0 0 rg BT 290.34 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 304.98 608.10 Td (Company's ) Tj ET Q q 0 0 0 rg BT 351.97 608.10 Td (right ) Tj ET Q q 0 0 0 rg BT 373.27 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 383.46 608.10 Td (terminate ) Tj ET Q q 0 0 0 rg BT 423.63 608.10 Td (Holder) Tj ET Q q 0 0 0 rg BT 451.77 608.10 Td () Tj ET Q q 0 0 0 rg BT 454.55 608.10 Td (s ) Tj ET Q q 0 0 0 rg BT 460.86 608.10 Td (employment, ) Tj ET Q q 0 0 0 rg BT 515.76 608.10 Td (at ) Tj ET Q q 0 0 0 rg BT 525.39 608.10 Td (any ) Tj ET Q q 0 0 0 rg BT 542.24 608.10 Td (time.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (8. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 582.53505859375 m 152.6328125 582.53505859375 l s q 0 0 0 rg BT 85.50 584.10 Td (Governing ) Tj ET Q q 0 0 0 rg BT 133.74 584.10 Td (Law) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 152.63 584.10 Td (. ) Tj ET Q q 0 0 0 rg BT 157.82 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 160.31 584.10 Td (W) Tj ET Q q 0 0 0 rg BT 169.35 584.10 Td (ithout ) Tj ET Q q 0 0 0 rg BT 195.37 584.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 239.44 584.10 Td (this ) Tj ET Q q 0 0 0 rg BT 255.98 584.10 Td (A) Tj ET Q q 0 0 0 rg BT 262.28 584.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 284.96 584.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 306.53 584.10 Td (be ) Tj ET Q q 0 0 0 rg BT 318.65 584.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 360.21 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 377.33 584.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 414.99 584.10 Td (in ) Tj ET Q q 0 0 0 rg BT 425.46 584.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 473.10 584.10 Td (with, ) Tj ET Q q 0 0 0 rg BT 496.07 584.10 Td (and ) Tj ET Q q 0 0 0 rg BT 513.19 584.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.31 584.10 Td (governed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (by) Tj ET Q q 0 0 0 rg BT 58.85 572.10 Td (, ) Tj ET Q q 0 0 0 rg BT 63.85 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 78.57 572.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 99.40 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 110.23 572.10 Td (Delaware.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (9. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 546.53505859375 m 147.72314453125 546.53505859375 l s q 0 0 0 rg BT 85.50 548.10 Td (Binding ) Tj ET Q q 0 0 0 rg BT 122.19 548.10 Td (Effect) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 147.72 548.10 Td (. ) Tj ET Q q 0 0 0 rg BT 153.00 548.10 Td ( ) Tj ET Q q 0 0 0 rg BT 155.57 548.10 Td (This ) Tj ET Q q 0 0 0 rg BT 175.51 548.10 Td (A) Tj ET Q q 0 0 0 rg BT 181.82 548.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 204.58 548.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 226.24 548.10 Td (inure ) Tj ET Q q 0 0 0 rg BT 249.56 548.10 Td (to ) Tj ET Q q 0 0 0 rg BT 260.12 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 275.11 548.10 Td (benefit ) Tj ET Q q 0 0 0 rg BT 305.65 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 316.75 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 333.97 548.10 Td (be ) Tj ET Q q 0 0 0 rg BT 346.18 548.10 Td (binding ) Tj ET Q q 0 0 0 rg BT 379.51 548.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 402.29 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 417.28 548.10 Td (heirs, ) Tj ET Q q 0 0 0 rg BT 441.99 548.10 Td (executors, ) Tj ET Q q 0 0 0 rg BT 485.58 548.10 Td (administrators, ) Tj ET Q q 0 0 0 rg BT 548.07 548.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 90.32 536.10 Td (successors ) Tj ET Q q 0 0 0 rg BT 135.03 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 151.97 536.10 Td (assigns ) Tj ET Q q 0 0 0 rg BT 183.36 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 194.19 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 208.91 536.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 238.06 536.10 Td (hereto.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (10. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 510.53505859375 m 136.603515625 510.53505859375 l s q 0 0 0 rg BT 85.50 512.10 Td (Severability) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 136.60 512.10 Td (. ) Tj ET Q q 0 0 0 rg BT 141.26 512.10 Td ( ) Tj ET Q q 0 0 0 rg BT 143.42 512.10 Td (If ) Tj ET Q q 0 0 0 rg BT 152.23 512.10 Td (any ) Tj ET Q q 0 0 0 rg BT 168.83 512.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 208.76 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 219.25 512.10 Td (this ) Tj ET Q q 0 0 0 rg BT 235.37 512.10 Td (A) Tj ET Q q 0 0 0 rg BT 241.68 512.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 263.82 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 272.65 512.10 Td (declared ) Tj ET Q q 0 0 0 rg BT 308.67 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 319.15 512.10 Td (found ) Tj ET Q q 0 0 0 rg BT 344.64 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 354.57 512.10 Td (be ) Tj ET Q q 0 0 0 rg BT 366.17 512.10 Td (illegal, ) Tj ET Q q 0 0 0 rg BT 395.81 512.10 Td (unenforceable ) Tj ET Q q 0 0 0 rg BT 454.60 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 465.09 512.10 Td (void, ) Tj ET Q q 0 0 0 rg BT 487.52 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 497.45 512.10 Td (whole ) Tj ET Q q 0 0 0 rg BT 524.05 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 534.53 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 544.47 512.10 Td (part, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.65 500.10 Td (remainder ) Tj ET Q q 0 0 0 rg BT 108.12 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.38 500.10 Td (this ) Tj ET Q q 0 0 0 rg BT 136.11 500.10 Td (A) Tj ET Q q 0 0 0 rg BT 142.42 500.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 165.34 500.10 Td (will ) Tj ET Q q 0 0 0 rg BT 183.83 500.10 Td (not ) Tj ET Q q 0 0 0 rg BT 199.54 500.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.92 500.10 Td (af) Tj ET Q q 0 0 0 rg BT 219.50 500.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 246.86 500.10 Td (by ) Tj ET Q q 0 0 0 rg BT 259.79 500.10 Td (such ) Tj ET Q q 0 0 0 rg BT 281.06 500.10 Td (declaration ) Tj ET Q q 0 0 0 rg BT 328.41 500.10 Td (or ) Tj ET Q q 0 0 0 rg BT 339.67 500.10 Td (finding ) Tj ET Q q 0 0 0 rg BT 371.50 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 388.87 500.10 Td (each ) Tj ET Q q 0 0 0 rg BT 410.12 500.10 Td (such ) Tj ET Q q 0 0 0 rg BT 431.38 500.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 472.09 500.10 Td (not ) Tj ET Q q 0 0 0 rg BT 487.80 500.10 Td (so ) Tj ET Q q 0 0 0 rg BT 499.63 500.10 Td (af) Tj ET Q q 0 0 0 rg BT 507.22 500.10 Td (fected ) Tj ET Q q 0 0 0 rg BT 534.57 500.10 Td (will ) Tj ET Q q 0 0 0 rg BT 553.06 500.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (enforced ) Tj ET Q q 0 0 0 rg BT 86.98 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 97.25 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.97 488.10 Td (fullest ) Tj ET Q q 0 0 0 rg BT 139.47 488.10 Td (extent ) Tj ET Q q 0 0 0 rg BT 166.40 488.10 Td (permitted ) Tj ET Q q 0 0 0 rg BT 207.22 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 219.72 488.10 Td (law) Tj ET Q q 0 0 0 rg BT 233.51 488.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (1) Tj ET Q q 0 0 0 rg BT 53.95 464.10 Td (1. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 462.53505859375 m 176.6376953125 462.53505859375 l s q 0 0 0 rg BT 85.50 464.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 134.42 464.10 Td (Authority) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 176.64 464.10 Td (. ) Tj ET Q q 0 0 0 rg BT 181.34 464.10 Td ( ) Tj ET Q q 0 0 0 rg BT 183.39 464.10 Td (This ) Tj ET Q q 0 0 0 rg BT 202.89 464.10 Td (A) Tj ET Q q 0 0 0 rg BT 209.19 464.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 231.39 464.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 252.48 464.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.12 464.10 Td (administered ) Tj ET Q q 0 0 0 rg BT 317.98 464.10 Td (by ) Tj ET Q q 0 0 0 rg BT 330.19 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 344.61 464.10 Td (Committee, ) Tj ET Q q 0 0 0 rg BT 393.75 464.10 Td (which ) Tj ET Q q 0 0 0 rg BT 420.40 464.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 441.49 464.10 Td (adopt ) Tj ET Q q 0 0 0 rg BT 465.91 464.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 487.56 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 504.20 464.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 550.84 464.10 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (carrying ) Tj ET Q q 0 0 0 rg BT 85.14 452.10 Td (out ) Tj ET Q q 0 0 0 rg BT 100.25 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 114.80 452.10 Td (purposes ) Tj ET Q q 0 0 0 rg BT 152.68 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.34 452.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.37 452.10 Td (A) Tj ET Q q 0 0 0 rg BT 183.67 452.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 205.99 452.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 225.26 452.10 Td (without ) Tj ET Q q 0 0 0 rg BT 258.15 452.10 Td (limitation, ) Tj ET Q q 0 0 0 rg BT 301.86 452.10 Td (may ) Tj ET Q q 0 0 0 rg BT 321.41 452.10 Td (delegate ) Tj ET Q q 0 0 0 rg BT 357.05 452.10 Td (all ) Tj ET Q q 0 0 0 rg BT 369.37 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 380.03 452.10 Td (what, ) Tj ET Q q 0 0 0 rg BT 404.30 452.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.41 452.10 Td (its ) Tj ET Q q 0 0 0 rg BT 426.18 452.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 444.62 452.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 488.88 452.10 Td (it ) Tj ET Q q 0 0 0 rg BT 496.77 452.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 542.97 452.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.08 452.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 440.10 Td (ministerial ) Tj ET Q q 0 0 0 rg BT 94.88 440.10 Td (duties ) Tj ET Q q 0 0 0 rg BT 121.37 440.10 Td (to ) Tj ET Q q 0 0 0 rg BT 131.76 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 146.00 440.10 Td (Administrator; ) Tj ET Q q 0 0 0 rg BT 207.49 440.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 248.15 440.10 Td (further) Tj ET Q q 0 0 0 rg BT 274.95 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 280.06 440.10 Td (that ) Tj ET Q q 0 0 0 rg BT 297.66 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 312.49 440.10 Td (determinations ) Tj ET Q q 0 0 0 rg BT 374.52 440.10 Td (under) Tj ET Q q 0 0 0 rg BT 396.89 440.10 Td (, ) Tj ET Q q 0 0 0 rg BT 402.00 440.10 Td (and ) Tj ET Q q 0 0 0 rg BT 419.05 440.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.87 440.10 Td (interpretations ) Tj ET Q q 0 0 0 rg BT 494.24 440.10 Td (of, ) Tj ET Q q 0 0 0 rg BT 507.67 440.10 Td (any ) Tj ET Q q 0 0 0 rg BT 524.72 440.10 Td (provision ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 428.10 Td (A) Tj ET Q q 0 0 0 rg BT 80.80 428.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 103.29 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 115.79 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 130.51 428.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 177.44 428.10 Td (shall, ) Tj ET Q q 0 0 0 rg BT 201.33 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 211.61 428.10 Td (all ) Tj ET Q q 0 0 0 rg BT 224.10 428.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 250.20 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 262.14 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 272.42 428.10 Td (its ) Tj ET Q q 0 0 0 rg BT 284.37 428.10 Td (sole ) Tj ET Q q 0 0 0 rg BT 302.98 428.10 Td (discretion, ) Tj ET Q q 0 0 0 rg BT 347.41 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 364.35 428.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 385.74 428.10 Td (be ) Tj ET Q q 0 0 0 rg BT 397.67 428.10 Td (final ) Tj ET Q q 0 0 0 rg BT 418.50 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 435.44 428.10 Td (conclusive.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (12. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 402.53505859375 m 128.283203125 402.53505859375 l s q 0 0 0 rg BT 85.50 404.10 Td (Clawback) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 128.28 404.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 133.12 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 150.49 404.10 Td (A) Tj ET Q q 0 0 0 rg BT 156.80 404.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 179.12 404.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 222.01 404.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 247.12 404.10 Td (is ) Tj ET Q q 0 0 0 rg BT 256.13 404.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 286.80 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 296.91 404.10 Td (any ) Tj ET Q q 0 0 0 rg BT 313.69 404.10 Td (written ) Tj ET Q q 0 0 0 rg BT 344.35 404.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 384.45 404.10 Td (policies ) Tj ET Q q 0 0 0 rg BT 417.89 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 435.22 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 449.78 404.10 Td (Company) Tj ET Q q 0 0 0 rg BT 488.02 404.10 Td (, ) Tj ET Q q 0 0 0 rg BT 492.85 404.10 Td (with ) Tj ET Q q 0 0 0 rg BT 512.97 404.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.53 404.10 Td (approval ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.57 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.52 392.10 Td (Board, ) Tj ET Q q 0 0 0 rg BT 105.20 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 125.16 392.10 Td (adopt. ) Tj ET Q q 0 0 0 rg BT 152.01 392.10 Td (Any ) Tj ET Q q 0 0 0 rg BT 171.97 392.10 Td (such ) Tj ET Q q 0 0 0 rg BT 193.03 392.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 220.77 392.10 Td (may ) Tj ET Q q 0 0 0 rg BT 240.72 392.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 271.79 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 286.14 392.10 Td (A) Tj ET Q q 0 0 0 rg BT 292.44 392.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 315.17 392.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 358.45 392.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 383.97 392.10 Td (and ) Tj ET Q q 0 0 0 rg BT 401.14 392.10 Td (amounts ) Tj ET Q q 0 0 0 rg BT 437.77 392.10 Td (paid ) Tj ET Q q 0 0 0 rg BT 457.72 392.10 Td (or ) Tj ET Q q 0 0 0 rg BT 468.79 392.10 Td (realized ) Tj ET Q q 0 0 0 rg BT 503.17 392.10 Td (with ) Tj ET Q q 0 0 0 rg BT 523.69 392.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 554.74 392.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.20 380.10 Td (A) Tj ET Q q 0 0 0 rg BT 70.50 380.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 93.67 380.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 137.40 380.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 163.36 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 174.32 380.10 Td (reduction, ) Tj ET Q q 0 0 0 rg BT 217.77 380.10 Td (cancelation, ) Tj ET Q q 0 0 0 rg BT 268.98 380.10 Td (forfeiture ) Tj ET Q q 0 0 0 rg BT 309.91 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.43 380.10 Td (recoupment ) Tj ET Q q 0 0 0 rg BT 371.81 380.10 Td (if ) Tj ET Q q 0 0 0 rg BT 381.10 380.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 411.49 380.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 450.76 380.10 Td (events ) Tj ET Q q 0 0 0 rg BT 479.49 380.10 Td (or ) Tj ET Q q 0 0 0 rg BT 491.00 380.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 530.85 380.10 Td (conduct ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (occur) Tj ET Q q 0 0 0 rg BT 71.31 368.10 Td (, ) Tj ET Q q 0 0 0 rg BT 75.37 368.10 Td (including ) Tj ET Q q 0 0 0 rg BT 114.71 368.10 Td (but ) Tj ET Q q 0 0 0 rg BT 129.05 368.10 Td (not ) Tj ET Q q 0 0 0 rg BT 143.40 368.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 173.29 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 182.63 368.10 Td (an ) Tj ET Q q 0 0 0 rg BT 193.64 368.10 Td (accounting ) Tj ET Q q 0 0 0 rg BT 239.08 368.10 Td (restatement ) Tj ET Q q 0 0 0 rg BT 286.73 368.10 Td (due ) Tj ET Q q 0 0 0 rg BT 302.73 368.10 Td (to ) Tj ET Q q 0 0 0 rg BT 312.08 368.10 Td (the ) Tj ET Q q 0 0 0 rg BT 325.86 368.10 Td (Company) Tj ET Q q 0 0 0 rg BT 367.52 368.10 Td (s ) Tj ET Q q 0 0 0 rg BT 372.98 368.10 Td (material ) Tj ET Q q 0 0 0 rg BT 407.30 368.10 Td (noncompliance ) Tj ET Q q 0 0 0 rg BT 469.96 368.10 Td (with ) Tj ET Q q 0 0 0 rg BT 489.30 368.10 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.85 368.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 95.90 356.10 Td (or ) Tj ET Q q 0 0 0 rg BT 106.20 356.10 Td (other ) Tj ET Q q 0 0 0 rg BT 128.72 356.10 Td (events ) Tj ET Q q 0 0 0 rg BT 156.24 356.10 Td (or ) Tj ET Q q 0 0 0 rg BT 166.54 356.10 Td (wrongful ) Tj ET Q q 0 0 0 rg BT 205.17 356.10 Td (conduct ) Tj ET Q q 0 0 0 rg BT 238.79 356.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 276.86 356.10 Td (in ) Tj ET Q q 0 0 0 rg BT 286.61 356.10 Td (any ) Tj ET Q q 0 0 0 rg BT 303.02 356.10 Td (such ) Tj ET Q q 0 0 0 rg BT 323.32 356.10 Td (clawback ) Tj ET Q q 0 0 0 rg BT 363.04 356.10 Td (policy ) Tj ET Q q 0 0 0 rg BT 390.01 356.10 Td (adopted ) Tj ET Q q 0 0 0 rg BT 423.63 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.38 356.10 Td (conform ) Tj ET Q q 0 0 0 rg BT 469.23 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 478.98 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 493.16 356.10 Td (Dodd-Frank ) Tj ET Q q 0 0 0 rg BT 543.87 356.10 Td (W) Tj ET Q q 0 0 0 rg BT 552.51 356.10 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (Street ) Tj ET Q q 0 0 0 rg BT 74.40 344.10 Td (Reform ) Tj ET Q q 0 0 0 rg BT 106.53 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 122.54 344.10 Td (Consumer ) Tj ET Q q 0 0 0 rg BT 165.23 344.10 Td (Protection ) Tj ET Q q 0 0 0 rg BT 207.56 344.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 223.58 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 233.48 344.10 Td (2010 ) Tj ET Q q 0 0 0 rg BT 255.06 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.08 344.10 Td (rules ) Tj ET Q q 0 0 0 rg BT 292.09 344.10 Td (promulgated ) Tj ET Q q 0 0 0 rg BT 344.21 344.10 Td (thereunder ) Tj ET Q q 0 0 0 rg BT 388.54 344.10 Td (by ) Tj ET Q q 0 0 0 rg BT 400.12 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.91 344.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 454.92 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 470.94 344.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 511.94 344.10 Td (Commission ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 332.10 Td (that ) Tj ET Q q 0 0 0 rg BT 83.93 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 98.65 332.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 140.04 332.10 Td (determines ) Tj ET Q q 0 0 0 rg BT 186.41 332.10 Td (should ) Tj ET Q q 0 0 0 rg BT 215.58 332.10 Td (apply ) Tj ET Q q 0 0 0 rg BT 240.30 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 250.57 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.74 332.10 Td (A) Tj ET Q q 0 0 0 rg BT 271.04 332.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 293.53 332.10 Td (Restricted ) Tj ET Q q 0 0 0 rg BT 336.58 332.10 Td (Stock.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (13. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 306.53505859375 m 227.4970703125 306.53505859375 l s q 0 0 0 rg BT 85.50 308.10 Td (Compliance ) Tj ET Q q 0 0 0 rg BT 139.13 308.10 Td (with ) Tj ET Q q 0 0 0 rg BT 160.54 308.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 204.71 308.10 Td (Laws) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 227.50 308.10 Td (. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 232.52 308.10 Td (Notwithstanding ) Tj ET Q q 0 0 0 rg BT 301.70 308.10 Td (any ) Tj ET Q q 0 0 0 rg BT 318.66 308.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 358.96 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 369.81 308.10 Td (this ) Tj ET Q q 0 0 0 rg BT 386.22 308.10 Td (A) Tj ET Q q 0 0 0 rg BT 392.52 308.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 415.03 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 425.33 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.07 308.10 Td (contrary) Tj ET Q q 0 0 0 rg BT 472.73 308.10 Td (, ) Tj ET Q q 0 0 0 rg BT 477.75 308.10 Td (the ) Tj ET Q q 0 0 0 rg BT 492.49 308.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 528.88 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 539.73 308.10 Td (Stock ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (will ) Tj ET Q q 0 0 0 rg BT 67.52 296.10 Td (be ) Tj ET Q q 0 0 0 rg BT 79.42 296.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 110.21 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 120.46 296.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 169.01 296.10 Td (with ) Tj ET Q q 0 0 0 rg BT 189.25 296.10 Td (all ) Tj ET Q q 0 0 0 rg BT 201.71 296.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 245.27 296.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 299.94 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 310.73 296.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 343.45 296.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 366.74 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 377.53 296.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 408.88 296.10 Td (law ) Tj ET Q q 0 0 0 rg BT 425.78 296.10 Td (with ) Tj ET Q q 0 0 0 rg BT 446.02 296.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 476.80 296.10 Td (to ) Tj ET Q q 0 0 0 rg BT 487.05 296.10 Td (such ) Tj ET Q q 0 0 0 rg BT 507.84 296.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 548.07 296.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (with ) Tj ET Q q 0 0 0 rg BT 69.68 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 84.30 284.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 138.90 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 149.64 284.10 Td (any ) Tj ET Q q 0 0 0 rg BT 166.48 284.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 189.99 284.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 230.14 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 240.88 284.10 Td (market ) Tj ET Q q 0 0 0 rg BT 271.04 284.10 Td (system ) Tj ET Q q 0 0 0 rg BT 301.22 284.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 323.63 284.10 Td (which ) Tj ET Q q 0 0 0 rg BT 350.47 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 365.09 284.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 390.27 284.10 Td (may ) Tj ET Q q 0 0 0 rg BT 409.89 284.10 Td (then ) Tj ET Q q 0 0 0 rg BT 429.50 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 441.35 284.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 467.91 284.10 Td (No ) Tj ET Q q 0 0 0 rg BT 482.54 284.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 507.72 284.10 Td (will ) Tj ET Q q 0 0 0 rg BT 525.68 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 537.52 284.10 Td (issued ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 91.83 272.10 Td (if ) Tj ET Q q 0 0 0 rg BT 100.29 272.10 Td (such ) Tj ET Q q 0 0 0 rg BT 120.97 272.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 157.21 272.10 Td (would ) Tj ET Q q 0 0 0 rg BT 184.56 272.10 Td (constitute ) Tj ET Q q 0 0 0 rg BT 225.79 272.10 Td (a ) Tj ET Q q 0 0 0 rg BT 232.59 272.10 Td (violation ) Tj ET Q q 0 0 0 rg BT 270.49 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 281.17 272.10 Td (any ) Tj ET Q q 0 0 0 rg BT 297.97 272.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 341.41 272.10 Td (federal, ) Tj ET Q q 0 0 0 rg BT 374.02 272.10 Td (state, ) Tj ET Q q 0 0 0 rg BT 397.20 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 407.88 272.10 Td (foreign ) Tj ET Q q 0 0 0 rg BT 439.11 272.10 Td (securities ) Tj ET Q q 0 0 0 rg BT 479.23 272.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 499.91 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 510.59 272.10 Td (other ) Tj ET Q q 0 0 0 rg BT 533.49 272.10 Td (laws ) Tj ET Q q 0 0 0 rg BT 554.18 272.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (regulations ) Tj ET Q q 0 0 0 rg BT 96.90 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 108.19 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 123.37 260.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 178.53 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 189.83 260.10 Td (any ) Tj ET Q q 0 0 0 rg BT 207.23 260.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 231.30 260.10 Td (exchange ) Tj ET Q q 0 0 0 rg BT 272.02 260.10 Td (or ) Tj ET Q q 0 0 0 rg BT 283.31 260.10 Td (market ) Tj ET Q q 0 0 0 rg BT 314.04 260.10 Td (system ) Tj ET Q q 0 0 0 rg BT 344.78 260.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 367.74 260.10 Td (which ) Tj ET Q q 0 0 0 rg BT 395.14 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 410.32 260.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 436.06 260.10 Td (may ) Tj ET Q q 0 0 0 rg BT 456.24 260.10 Td (then ) Tj ET Q q 0 0 0 rg BT 476.42 260.10 Td (be ) Tj ET Q q 0 0 0 rg BT 488.82 260.10 Td (listed. ) Tj ET Q q 0 0 0 rg BT 515.95 260.10 Td (In ) Tj ET Q q 0 0 0 rg BT 527.24 260.10 Td (addition, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 74.78 248.10 Td (will ) Tj ET Q q 0 0 0 rg BT 92.83 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 108.11 248.10 Td (be ) Tj ET Q q 0 0 0 rg BT 120.05 248.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 147.55 248.10 Td (hereunder ) Tj ET Q q 0 0 0 rg BT 190.03 248.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 217.53 248.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 231.13 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 238.06 248.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 286.11 248.10 Td (statement ) Tj ET Q q 0 0 0 rg BT 326.93 248.10 Td (under ) Tj ET Q q 0 0 0 rg BT 352.20 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 366.91 248.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 408.29 248.10 Td (Act ) Tj ET Q q 0 0 0 rg BT 425.23 248.10 Td (is ) Tj ET Q q 0 0 0 rg BT 434.40 248.10 Td (at ) Tj ET Q q 0 0 0 rg BT 444.12 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 458.84 248.10 Td (time ) Tj ET Q q 0 0 0 rg BT 479.11 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 489.94 248.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 526.32 248.10 Td (in ) Tj ET Q endstream endobj 303 0 obj <> endobj 304 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-4) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 740.10 Td (ef) Tj ET Q q 0 0 0 rg BT 57.09 740.10 Td (fect ) Tj ET Q q 0 0 0 rg BT 74.68 740.10 Td (with ) Tj ET Q q 0 0 0 rg BT 95.07 740.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 125.99 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.38 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 151.20 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 178.80 740.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 206.40 740.10 Td (or ) Tj ET Q q 0 0 0 rg BT 217.34 740.10 Td (\(b\) ) Tj ET Q q 0 0 0 rg BT 231.61 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 242.00 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 256.82 740.10 Td (opinion ) Tj ET Q q 0 0 0 rg BT 289.98 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 300.92 740.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 322.96 740.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 356.12 740.10 Td (of ) Tj ET Q q 0 0 0 rg BT 367.05 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.88 740.10 Td (Company) Tj ET Q q 0 0 0 rg BT 420.12 740.10 Td (, ) Tj ET Q q 0 0 0 rg BT 425.22 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 440.05 740.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 467.64 740.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 495.25 740.10 Td (may ) Tj ET Q q 0 0 0 rg BT 515.08 740.10 Td (be ) Tj ET Q q 0 0 0 rg BT 527.12 740.10 Td (issued ) Tj ET Q q 0 0 0 rg BT 554.73 740.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 96.69 728.10 Td (with ) Tj ET Q q 0 0 0 rg BT 116.71 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.16 728.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 155.61 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 166.17 728.10 Td (an ) Tj ET Q q 0 0 0 rg BT 177.84 728.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 221.17 728.10 Td (exemption ) Tj ET Q q 0 0 0 rg BT 265.61 728.10 Td (from ) Tj ET Q q 0 0 0 rg BT 287.29 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 301.74 728.10 Td (registration ) Tj ET Q q 0 0 0 rg BT 349.51 728.10 Td (requirements ) Tj ET Q q 0 0 0 rg BT 403.95 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 414.51 728.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.96 728.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 470.14 728.10 Td (Act. ) Tj ET Q q 0 0 0 rg BT 489.15 728.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 510.82 728.10 Td (HOLDER ) Tj ET Q q 0 0 0 rg BT 553.61 728.10 Td (IS ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (CAUTIONED ) Tj ET Q q 0 0 0 rg BT 112.31 716.10 Td (THA) Tj ET Q q 0 0 0 rg BT 131.75 716.10 Td (T) Tj ET Q q 0 0 0 rg BT 137.68 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.50 716.10 Td (DELIVER) Tj ET Q q 0 0 0 rg BT 184.72 716.10 Td (Y) Tj ET Q q 0 0 0 rg BT 191.57 716.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.40 716.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 214.01 716.10 Td (ST) Tj ET Q q 0 0 0 rg BT 225.50 716.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 251.44 716.10 Td (UPON ) Tj ET Q q 0 0 0 rg BT 283.15 716.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 307.07 716.10 Td (VESTING ) Tj ET Q q 0 0 0 rg BT 354.67 716.10 Td (OF ) Tj ET Q q 0 0 0 rg BT 371.22 716.10 Td (A) Tj ET Q q 0 0 0 rg BT 377.64 716.10 Td (W) Tj ET Q q 0 0 0 rg BT 385.97 716.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 411.91 716.10 Td (RESTRICTED ) Tj ET Q q 0 0 0 rg BT 477.30 716.10 Td (ST) Tj ET Q q 0 0 0 rg BT 488.78 716.10 Td (OCK ) Tj ET Q q 0 0 0 rg BT 514.73 716.10 Td (GRANTED ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (PURSUANT) Tj ET Q q 0 0 0 rg BT 102.11 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 105.83 704.10 Td (T) Tj ET Q q 0 0 0 rg BT 111.76 704.10 Td (O ) Tj ET Q q 0 0 0 rg BT 122.70 704.10 Td (THIS ) Tj ET Q q 0 0 0 rg BT 148.05 704.10 Td (A) Tj ET Q q 0 0 0 rg BT 154.47 704.10 Td (W) Tj ET Q q 0 0 0 rg BT 162.80 704.10 Td (ARD ) Tj ET Q q 0 0 0 rg BT 187.93 704.10 Td (MA) Tj ET Q q 0 0 0 rg BT 203.12 704.10 Td (Y) Tj ET Q q 0 0 0 rg BT 209.97 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 213.99 704.10 Td (NOT) Tj ET Q q 0 0 0 rg BT 234.36 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 238.37 704.10 Td (OCCUR ) Tj ET Q q 0 0 0 rg BT 276.84 704.10 Td (UNLESS ) Tj ET Q q 0 0 0 rg BT 318.34 704.10 Td (THE ) Tj ET Q q 0 0 0 rg BT 341.79 704.10 Td (FOREGOING ) Tj ET Q q 0 0 0 rg BT 403.58 704.10 Td (CONDITIONS ) Tj ET Q q 0 0 0 rg BT 467.82 704.10 Td (ARE ) Tj ET Q q 0 0 0 rg BT 491.83 704.10 Td (SA) Tj ET Q q 0 0 0 rg BT 503.51 704.10 Td (TISFIED. ) Tj ET Q q 0 0 0 rg BT 546.95 704.10 Td (The ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (inability ) Tj ET Q q 0 0 0 rg BT 85.37 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 96.24 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 111.00 692.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 152.43 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 162.75 692.10 Td (obtain ) Tj ET Q q 0 0 0 rg BT 190.29 692.10 Td (from ) Tj ET Q q 0 0 0 rg BT 212.27 692.10 Td (any ) Tj ET Q q 0 0 0 rg BT 229.25 692.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 272.88 692.10 Td (body ) Tj ET Q q 0 0 0 rg BT 295.42 692.10 Td (having ) Tj ET Q q 0 0 0 rg BT 325.18 692.10 Td (jurisdiction ) Tj ET Q q 0 0 0 rg BT 373.27 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 388.03 692.10 Td (authority) Tj ET Q q 0 0 0 rg BT 423.49 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 428.53 692.10 Td (if ) Tj ET Q q 0 0 0 rg BT 437.18 692.10 Td (any) Tj ET Q q 0 0 0 rg BT 450.97 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 456.01 692.10 Td (deemed ) Tj ET Q q 0 0 0 rg BT 489.64 692.10 Td (by ) Tj ET Q q 0 0 0 rg BT 502.19 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 516.94 692.10 Td (Company) Tj ET Q q 0 0 0 rg BT 558.61 692.10 Td (s ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 680.10 Td (legal ) Tj ET Q q 0 0 0 rg BT 71.14 680.10 Td (counsel ) Tj ET Q q 0 0 0 rg BT 103.89 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 113.87 680.10 Td (be ) Tj ET Q q 0 0 0 rg BT 125.51 680.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 166.58 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 176.56 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.98 680.10 Td (lawful ) Tj ET Q q 0 0 0 rg BT 218.74 680.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 254.82 680.10 Td (and ) Tj ET Q q 0 0 0 rg BT 271.46 680.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 289.21 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 299.74 680.10 Td (any ) Tj ET Q q 0 0 0 rg BT 316.38 680.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 343.58 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 354.11 680.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 379.09 680.10 Td (subject ) Tj ET Q q 0 0 0 rg BT 409.62 680.10 Td (to ) Tj ET Q q 0 0 0 rg BT 419.60 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 433.54 680.10 Td (A) Tj ET Q q 0 0 0 rg BT 439.84 680.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 462.04 680.10 Td (will ) Tj ET Q q 0 0 0 rg BT 479.80 680.10 Td (relieve ) Tj ET Q q 0 0 0 rg BT 509.20 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.62 680.10 Td (Company ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 59.54 668.10 Td (any ) Tj ET Q q 0 0 0 rg BT 75.69 668.10 Td (liability ) Tj ET Q q 0 0 0 rg BT 108.50 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 117.99 668.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 148.02 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 158.05 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 171.98 668.10 Td (failure ) Tj ET Q q 0 0 0 rg BT 199.78 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 209.27 668.10 Td (issue ) Tj ET Q q 0 0 0 rg BT 230.98 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 251.02 668.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 277.72 668.10 Td (as ) Tj ET Q q 0 0 0 rg BT 287.76 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.24 668.10 Td (which ) Tj ET Q q 0 0 0 rg BT 323.39 668.10 Td (such ) Tj ET Q q 0 0 0 rg BT 343.43 668.10 Td (requisite ) Tj ET Q q 0 0 0 rg BT 379.57 668.10 Td (authority ) Tj ET Q q 0 0 0 rg BT 417.39 668.10 Td (has ) Tj ET Q q 0 0 0 rg BT 432.42 668.10 Td (not ) Tj ET Q q 0 0 0 rg BT 446.91 668.10 Td (been ) Tj ET Q q 0 0 0 rg BT 467.50 668.10 Td (obtained. ) Tj ET Q q 0 0 0 rg BT 505.76 668.10 Td (As ) Tj ET Q q 0 0 0 rg BT 518.59 668.10 Td (a ) Tj ET Q q 0 0 0 rg BT 524.73 668.10 Td (condition ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 60.35 656.10 Td (any ) Tj ET Q q 0 0 0 rg BT 77.85 656.10 Td (issuance ) Tj ET Q q 0 0 0 rg BT 114.80 656.10 Td (hereunder) Tj ET Q q 0 0 0 rg BT 154.37 656.10 Td (, ) Tj ET Q q 0 0 0 rg BT 159.94 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 175.23 656.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 217.18 656.10 Td (may ) Tj ET Q q 0 0 0 rg BT 237.46 656.10 Td (require ) Tj ET Q q 0 0 0 rg BT 268.85 656.10 Td (you ) Tj ET Q q 0 0 0 rg BT 286.92 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 297.76 656.10 Td (satisfy ) Tj ET Q q 0 0 0 rg BT 326.94 656.10 Td (any ) Tj ET Q q 0 0 0 rg BT 344.44 656.10 Td (qualifications ) Tj ET Q q 0 0 0 rg BT 401.94 656.10 Td (that ) Tj ET Q q 0 0 0 rg BT 420.00 656.10 Td (may ) Tj ET Q q 0 0 0 rg BT 440.29 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 452.79 656.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 494.73 656.10 Td (or ) Tj ET Q q 0 0 0 rg BT 506.13 656.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 554.73 656.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 88.57 644.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 138.20 644.10 Td (with ) Tj ET Q q 0 0 0 rg BT 159.52 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 177.50 644.10 Td (applicable ) Tj ET Q q 0 0 0 rg BT 222.13 644.10 Td (law ) Tj ET Q q 0 0 0 rg BT 240.11 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 251.99 644.10 Td (regulation ) Tj ET Q q 0 0 0 rg BT 296.07 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 314.05 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.37 644.10 Td (make ) Tj ET Q q 0 0 0 rg BT 350.57 644.10 Td (any ) Tj ET Q q 0 0 0 rg BT 368.55 644.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 428.73 644.10 Td (or ) Tj ET Q q 0 0 0 rg BT 440.60 644.10 Td (warranty ) Tj ET Q q 0 0 0 rg BT 479.68 644.10 Td (with ) Tj ET Q q 0 0 0 rg BT 501.00 644.10 Td (respect ) Tj ET Q q 0 0 0 rg BT 532.85 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 544.17 644.10 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (compliance ) Tj ET Q q 0 0 0 rg BT 98.82 632.10 Td (as ) Tj ET Q q 0 0 0 rg BT 110.37 632.10 Td (may ) Tj ET Q q 0 0 0 rg BT 130.82 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 143.48 632.10 Td (requested ) Tj ET Q q 0 0 0 rg BT 185.03 632.10 Td (by ) Tj ET Q q 0 0 0 rg BT 198.25 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 213.70 632.10 Td (Company) Tj ET Q q 0 0 0 rg BT 251.94 632.10 Td (. ) Tj ET Q q 0 0 0 rg BT 257.66 632.10 Td (From ) Tj ET Q q 0 0 0 rg BT 282.56 632.10 Td (time ) Tj ET Q q 0 0 0 rg BT 303.56 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 314.57 632.10 Td (time, ) Tj ET Q q 0 0 0 rg BT 338.07 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 353.51 632.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 381.18 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 398.85 632.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 447.61 632.10 Td (of) Tj ET Q q 0 0 0 rg BT 455.75 632.10 Td (ficers ) Tj ET Q q 0 0 0 rg BT 481.19 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 492.75 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 508.19 632.10 Td (Company ) Tj ET Q q 0 0 0 rg BT 550.31 632.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (authorized ) Tj ET Q q 0 0 0 rg BT 93.36 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 102.80 620.10 Td (take ) Tj ET Q q 0 0 0 rg BT 121.11 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 134.98 620.10 Td (actions ) Tj ET Q q 0 0 0 rg BT 164.97 620.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 205.49 620.10 Td (and ) Tj ET Q q 0 0 0 rg BT 221.59 620.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 268.78 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 278.21 620.10 Td (file ) Tj ET Q q 0 0 0 rg BT 293.20 620.10 Td (required ) Tj ET Q q 0 0 0 rg BT 328.17 620.10 Td (documents ) Tj ET Q q 0 0 0 rg BT 373.15 620.10 Td (with ) Tj ET Q q 0 0 0 rg BT 392.59 620.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 449.23 620.10 Td (authorities, ) Tj ET Q q 0 0 0 rg BT 495.60 620.10 Td (stock ) Tj ET Q q 0 0 0 rg BT 518.36 620.10 Td (exchanges, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 608.10 Td (other ) Tj ET Q q 0 0 0 rg BT 89.49 608.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 137.52 608.10 Td (persons ) Tj ET Q q 0 0 0 rg BT 170.57 608.10 Td (to ) Tj ET Q q 0 0 0 rg BT 180.85 608.10 Td (make ) Tj ET Q q 0 0 0 rg BT 205.00 608.10 Td (shares ) Tj ET Q q 0 0 0 rg BT 232.49 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 243.32 608.10 Td (Stock ) Tj ET Q q 0 0 0 rg BT 268.60 608.10 Td (available ) Tj ET Q q 0 0 0 rg BT 307.19 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 321.35 608.10 Td (issuance.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (14. ) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 85.5 582.53505859375 m 189.962890625 582.53505859375 l s q 0 0 0 rg BT 85.50 584.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 118.56 584.10 Td (409A) Tj ET Q q 0 0 0 rg BT 140.23 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 142.18 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 152.46 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 167.74 584.10 Td (Code) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 189.96 584.10 Td (. ) Tj ET Q q 0 0 0 rg BT 194.41 584.10 Td ( ) Tj ET Q q 0 0 0 rg BT 196.36 584.10 Td (It ) Tj ET Q q 0 0 0 rg BT 204.42 584.10 Td (is ) Tj ET Q q 0 0 0 rg BT 213.04 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 227.21 584.10 Td (intention ) Tj ET Q q 0 0 0 rg BT 264.71 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.99 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 289.16 584.10 Td (Committee ) Tj ET Q q 0 0 0 rg BT 335.55 584.10 Td (that ) Tj ET Q q 0 0 0 rg BT 352.50 584.10 Td (this ) Tj ET Q q 0 0 0 rg BT 368.47 584.10 Td (A) Tj ET Q q 0 0 0 rg BT 374.77 584.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 396.71 584.10 Td (is ) Tj ET Q q 0 0 0 rg BT 405.33 584.10 Td (exempt ) Tj ET Q q 0 0 0 rg BT 436.71 584.10 Td (from ) Tj ET Q q 0 0 0 rg BT 458.10 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 472.27 584.10 Td (Nonqualified ) Tj ET Q q 0 0 0 rg BT 526.99 584.10 Td (Deferred ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (Compensation ) Tj ET Q q 0 0 0 rg BT 109.38 572.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 134.27 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 144.70 572.10 Td (a ) Tj ET Q q 0 0 0 rg BT 151.25 572.10 Td (short-term ) Tj ET Q q 0 0 0 rg BT 195.01 572.10 Td (deferral ) Tj ET Q q 0 0 0 rg BT 228.20 572.10 Td (\(within ) Tj ET Q q 0 0 0 rg BT 259.19 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 273.52 572.10 Td (meaning ) Tj ET Q q 0 0 0 rg BT 310.06 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.50 572.10 Td (such ) Tj ET Q q 0 0 0 rg BT 340.93 572.10 Td (rules\), ) Tj ET Q q 0 0 0 rg BT 368.31 572.10 Td (and, ) Tj ET Q q 0 0 0 rg BT 387.35 572.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.79 572.10 Td (such, ) Tj ET Q q 0 0 0 rg BT 420.73 572.10 Td (that ) Tj ET Q q 0 0 0 rg BT 437.83 572.10 Td (this ) Tj ET Q q 0 0 0 rg BT 453.92 572.10 Td (A) Tj ET Q q 0 0 0 rg BT 460.22 572.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 482.32 572.10 Td (will ) Tj ET Q q 0 0 0 rg BT 499.98 572.10 Td (be ) Tj ET Q q 0 0 0 rg BT 511.53 572.10 Td (operated ) Tj ET Q q 0 0 0 rg BT 548.06 572.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 90.78 560.10 Td (accordingly) Tj ET Q q 0 0 0 rg BT 137.33 560.10 Td (. ) Tj ET Q q 0 0 0 rg BT 142.24 560.10 Td (Neither ) Tj ET Q q 0 0 0 rg BT 174.63 560.10 Td (this ) Tj ET Q q 0 0 0 rg BT 191.48 560.10 Td (Section ) Tj ET Q q 0 0 0 rg BT 223.88 560.10 Td (14 ) Tj ET Q q 0 0 0 rg BT 236.29 560.10 Td (nor ) Tj ET Q q 0 0 0 rg BT 252.02 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 268.87 560.10 Td (other ) Tj ET Q q 0 0 0 rg BT 291.82 560.10 Td (provision ) Tj ET Q q 0 0 0 rg BT 332.00 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 342.73 560.10 Td (this ) Tj ET Q q 0 0 0 rg BT 359.06 560.10 Td (A) Tj ET Q q 0 0 0 rg BT 365.36 560.10 Td (ward ) Tj ET Q q 0 0 0 rg BT 387.76 560.10 Td (or ) Tj ET Q q 0 0 0 rg BT 398.49 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 413.11 560.10 Td (Plan ) Tj ET Q q 0 0 0 rg BT 433.30 560.10 Td (is ) Tj ET Q q 0 0 0 rg BT 442.37 560.10 Td (or ) Tj ET Q q 0 0 0 rg BT 453.10 560.10 Td (contains ) Tj ET Q q 0 0 0 rg BT 488.83 560.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.68 560.10 Td (representation ) Tj ET Q q 0 0 0 rg BT 554.72 560.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 64.72 548.10 Td (Holder ) Tj ET Q q 0 0 0 rg BT 95.49 548.10 Td (regarding ) Tj ET Q q 0 0 0 rg BT 136.80 548.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.02 548.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 167.24 548.10 Td (consequences ) Tj ET Q q 0 0 0 rg BT 225.21 548.10 Td (of 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536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 157.45 536.10 Td (interpreted ) Tj ET Q q 0 0 0 rg BT 203.26 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 214.09 536.10 Td (such.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 252.95 500.10 Td ([Signatur) Tj ET Q q 0 0 0 rg BT 290.92 500.10 Td (e page to follow]) Tj ET Q endstream endobj 305 0 obj <> endobj 306 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 298.20 39.60 Td (A-5) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 85.50 740.25 Td (IN ) Tj ET Q q 0 0 0 rg BT 99.59 740.25 Td (WITNESS ) Tj ET Q q 0 0 0 rg BT 148.14 740.25 Td (WHEREOF) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.37 740.25 Td (, ) Tj ET Q q 0 0 0 rg BT 206.08 740.25 Td (the ) Tj ET Q q 0 0 0 rg BT 221.51 740.25 Td (Company ) Tj ET Q q 0 0 0 rg BT 263.60 740.25 Td (has ) Tj ET Q q 0 0 0 rg BT 280.14 740.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 310.56 740.25 Td (this ) Tj ET Q q 0 0 0 rg BT 327.51 740.25 Td (A) Tj ET Q q 0 0 0 rg BT 333.81 740.25 Td (ward ) Tj ET Q q 0 0 0 rg BT 357.01 740.25 Td (to ) Tj ET Q q 0 0 0 rg BT 368.00 740.25 Td (be ) Tj ET Q q 0 0 0 rg BT 380.65 740.25 Td (executed ) Tj ET Q q 0 0 0 rg BT 419.39 740.25 Td (on ) Tj ET Q q 0 0 0 rg BT 432.60 740.25 Td (its ) Tj ET Q q 0 0 0 rg BT 445.26 740.25 Td (behalf ) Tj ET Q q 0 0 0 rg BT 473.45 740.25 Td (by ) Tj ET Q q 0 0 0 rg BT 486.66 740.25 Td (its ) Tj ET Q q 0 0 0 rg BT 499.32 740.25 Td (duly ) Tj ET Q q 0 0 0 rg BT 520.31 740.25 Td (authorized ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.25 Td (representatives ) Tj ET Q q 0 0 0 rg BT 111.97 728.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.47 728.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.19 728.25 Td (Date ) Tj ET Q q 0 0 0 rg BT 160.56 728.25 Td (of ) Tj ET Q q 0 0 0 rg BT 171.39 728.25 Td (Grant.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 651.75 m 560.5 651.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 363.5 599.75 m 560.5 599.75 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.00 684.43 Td (DENBUR) Tj ET Q q 0 0 0 rg BT 367.05 684.43 Td (Y) Tj ET Q q 0 0 0 rg BT 373.91 684.43 Td ( ) Tj ET Q q 0 0 0 rg BT 376.23 684.43 Td (RESOURCES ) Tj ET Q q 0 0 0 rg BT 439.85 684.43 Td (INC.) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.00 656.43 Td (Per:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 642.43 Td (Phil R) Tj ET Q q 0 0 0 rg BT 392.60 642.43 Td (ykhoek, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 632.43 Td (Chief Executive Officer) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 325.00 604.43 Td (Per:) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 590.43 Td (Mark ) Tj ET Q q 0 0 0 rg BT 392.39 590.43 Td (Allen, ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 580.43 Td (Senior) Tj ET Q q 0 0 0 rg BT 393.60 580.43 Td ( ) Tj ET Q q 0 0 0 rg BT 395.92 580.43 Td (V) Tj ET Q q 0 0 0 rg BT 402.77 580.43 Td (ice Pr) Tj ET Q q 0 0 0 rg BT 427.29 580.43 Td (esident and Chief Financial ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 366.00 570.43 Td (Officer) Tj ET Q q 0 0 0 rg BT 396.35 570.43 Td ( ) Tj ET Q BT /F1 10.00 Tf ET BT /F2 10.00 Tf ET q 0 0 0 rg BT 223.75 542.25 Td (Assignment Separate Fr) Tj ET Q q 0 0 0 rg BT 326.89 542.25 Td (om Certificate) Tj ET Q BT /F2 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(material ) Tj ET Q q 0 0 0 rg BT 423.88 644.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 441.54 644.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.54 644.25 Td (omit ) Tj ET Q q 0 0 0 rg BT 473.55 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.00 644.25 Td (state ) Tj ET Q q 0 0 0 rg BT 505.00 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.11 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 547.54 644.25 Td (fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 632.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 108.41 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.24 632.25 Td (make ) Tj ET Q q 0 0 0 rg BT 141.94 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.20 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 200.46 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 226.66 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.48 632.25 Td (light ) Tj ET Q q 0 0 0 rg BT 256.87 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.24 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 632.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 340.19 632.25 Td (under ) Tj ET Q q 0 0 0 rg BT 365.00 632.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.49 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.87 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.12 632.25 Td (were ) Tj ET Q q 0 0 0 rg BT 477.60 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 503.80 632.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.62 632.25 Td (misleading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 620.25 Td (with ) Tj ET Q q 0 0 0 rg BT 87.78 620.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 118.59 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.87 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.59 620.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.64 620.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 205.78 620.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.28 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 235.23 620.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 596.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.22 596.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.49 596.25 Td (my ) Tj ET Q q 0 0 0 rg BT 121.55 596.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 170.20 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.69 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.95 596.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 268.94 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.66 596.25 Td (other ) Tj ET Q q 0 0 0 rg BT 308.48 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.74 596.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.23 596.25 Td (included ) Tj ET Q q 0 0 0 rg BT 431.94 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.99 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 458.72 596.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 487.37 596.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 511.30 596.25 Td (present ) Tj ET Q q 0 0 0 rg BT 542.46 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.51 596.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 103.67 584.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 139.28 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.90 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.29 584.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 236.97 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.49 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.23 584.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.29 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.13 584.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.31 584.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 387.94 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.68 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 584.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 456.47 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.21 584.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 482.45 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.29 584.25 Td (for) Tj ET Q q 0 0 0 rg BT 511.55 584.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.46 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 584.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 108.32 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 135.54 572.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.11 548.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 127.65 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 135.60 548.25 Td (other ) Tj ET Q q 0 0 0 rg BT 160.20 548.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 203.13 548.25 Td (of) Tj ET Q q 0 0 0 rg BT 211.28 548.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 237.55 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.05 548.25 Td (I ) Tj ET Q q 0 0 0 rg BT 263.43 548.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.70 548.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 329.31 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.02 548.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 396.86 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.35 548.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 467.18 548.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 511.79 548.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.06 548.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 536.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 114.83 536.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 129.95 536.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 163.40 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.64 536.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 216.77 536.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 234.67 536.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 260.91 536.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 303.24 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.14 536.25 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 367.37 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.27 536.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 419.27 536.25 Td (control ) Tj ET Q q 0 0 0 rg BT 451.06 536.25 Td (over ) Tj ET Q q 0 0 0 rg BT 472.29 536.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.74 536.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 550.86 536.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 524.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.99 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.26 524.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 151.64 524.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 168.57 524.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 193.85 524.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 234.11 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.05 524.25 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 295.20 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.36 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.08 524.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 364.34 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.28 524.25 Td (have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.58 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 148.22 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 192.07 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 227.60 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.35 500.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 295.03 500.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.67 500.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 337.18 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 358.82 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.68 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 438.20 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.95 500.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.13 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.22 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.96 500.25 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (under ) Tj ET Q q 0 0 0 rg BT 109.95 488.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.96 488.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 175.24 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.70 488.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 212.48 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.15 488.25 Td (material ) Tj ET Q q 0 0 0 rg BT 263.59 488.25 Td (information ) Tj ET Q q 0 0 0 rg BT 312.48 488.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 344.70 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.16 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.05 488.25 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 410.00 488.25 Td 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Tj ET Q q 0 0 0 rg BT 465.22 476.25 Td (report ) Tj ET Q q 0 0 0 rg BT 491.35 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.28 476.25 Td (being ) Tj ET Q q 0 0 0 rg BT 524.76 476.25 Td (prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.44 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 147.95 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 181.66 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 213.16 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 234.10 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.26 452.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 314.59 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 326.09 452.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 356.47 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 377.98 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 411.69 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 443.19 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.13 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.29 452.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.12 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 452.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 123.77 440.25 Td (under ) Tj ET Q q 0 0 0 rg BT 149.25 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 440.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 216.63 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.13 440.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 260.39 440.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 305.86 440.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 347.45 440.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.48 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 440.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.02 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.06 440.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.76 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (preparation ) Tj 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215.25 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.77 404.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 272.32 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 280.51 404.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 325.36 404.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 361.88 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.63 404.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 428.80 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 404.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 490.16 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.24 404.25 Td (this ) Tj ET Q q 0 0 0 rg BT 520.99 404.25 Td (report ) Tj ET Q q 0 0 0 rg BT 549.17 404.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 135.02 392.25 Td (about ) Tj ET Q q 0 0 0 rg BT 159.54 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.05 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 181.64 392.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 228.37 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.52 392.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 296.36 392.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 330.88 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.62 392.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.29 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.92 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.55 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.07 392.25 Td (end ) Tj ET Q q 0 0 0 rg BT 448.81 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.44 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.96 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 501.81 392.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 535.76 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 548.06 392.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.25 Td (report ) Tj ET Q q 0 0 0 rg BT 111.88 380.25 Td (based ) Tj ET Q q 0 0 0 rg BT 137.15 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.65 380.25 Td (such ) Tj ET Q q 0 0 0 rg BT 170.48 380.25 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 217.40 380.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 127.75 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.33 356.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.58 356.25 Td (report ) Tj ET Q q 0 0 0 rg BT 182.27 356.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.51 356.25 Td (change ) Tj ET Q q 0 0 0 rg BT 230.64 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.22 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.24 356.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 296.79 356.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.48 356.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.83 356.25 Td (control ) Tj ET Q q 0 0 0 rg BT 367.96 356.25 Td (over ) Tj ET Q q 0 0 0 rg BT 388.54 356.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.33 356.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.79 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.59 356.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 521.37 356.25 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 356.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.04 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.34 344.25 Td (most ) Tj ET Q q 0 0 0 rg BT 152.19 344.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 178.01 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 201.07 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.79 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.74 344.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 288.28 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.58 344.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 319.42 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.48 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 372.19 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.38 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 344.25 Td (case ) Tj ET Q q 0 0 0 rg BT 413.60 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.34 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 434.18 344.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 462.24 344.25 Td (report\) ) Tj ET Q q 0 0 0 rg BT 490.85 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 507.25 344.25 Td (has ) Tj ET Q q 0 0 0 rg BT 521.98 344.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 93.09 332.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 122.51 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.34 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 142.51 332.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 188.33 332.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 213.60 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.88 332.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 266.92 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 274.50 332.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 294.49 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 332.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 349.75 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 356.14 332.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 389.18 332.25 Td (control ) Tj ET Q q 0 0 0 rg BT 420.01 332.25 Td (over ) Tj ET Q q 0 0 0 rg BT 440.28 332.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.76 332.25 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 519.69 332.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.95 308.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.49 308.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.29 308.25 Td (other ) Tj ET Q q 0 0 0 rg BT 156.74 308.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 198.52 308.25 Td (of) Tj ET Q q 0 0 0 rg BT 206.67 308.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.78 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.13 308.25 Td (I ) Tj ET Q q 0 0 0 rg BT 255.36 308.25 Td (have ) Tj ET Q q 0 0 0 rg BT 277.14 308.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 319.77 308.25 Td (based ) Tj ET Q q 0 0 0 rg BT 345.44 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.34 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.58 308.25 Td (most ) Tj ET Q q 0 0 0 rg BT 396.93 308.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 424.26 308.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 468.82 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.05 308.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.50 308.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.73 308.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.13 296.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 148.94 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.37 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 296.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 216.78 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 224.33 296.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 260.20 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.29 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.16 296.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 317.80 296.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 363.66 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.64 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.51 296.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 432.06 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 439.60 296.25 Td (board ) Tj ET Q q 0 0 0 rg BT 466.02 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.00 296.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 516.64 296.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 531.95 296.25 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 114.99 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 284.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 173.85 284.25 Td (functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.25 Td (All ) Tj ET Q q 0 0 0 rg BT 100.25 260.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 144.44 260.25 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 194.17 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.58 260.25 Td (material ) Tj ET Q q 0 0 0 rg BT 245.32 260.25 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 293.95 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.70 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.89 260.25 Td (design ) Tj ET Q q 0 0 0 rg BT 345.98 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.29 260.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 396.03 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.33 260.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.85 260.25 Td (control ) Tj ET Q q 0 0 0 rg BT 469.15 260.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.90 260.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 260.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.25 Td (which ) Tj ET Q q 0 0 0 rg BT 112.31 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 126.89 248.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 172.57 248.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 197.72 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.87 248.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 248.55 248.25 Td (af) Tj ET Q q 0 0 0 rg BT 256.14 248.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 273.50 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.08 248.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 328.63 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 334.89 248.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 362.81 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.96 248.25 Td (record, ) Tj ET Q q 0 0 0 rg BT 403.37 248.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 438.23 248.25 Td (summarize ) Tj ET Q q 0 0 0 rg BT 484.47 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.28 248.25 Td (report ) Tj ET Q q 0 0 0 rg BT 527.53 248.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 236.25 Td (information; ) Tj ET Q q 0 0 0 rg BT 137.99 236.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 212.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.89 212.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 108.19 212.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 134.86 212.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 170.14 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.54 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.39 212.25 Td (material, ) Tj ET Q q 0 0 0 rg BT 235.73 212.25 Td (that ) Tj ET Q q 0 0 0 rg BT 253.79 212.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 290.75 212.25 Td (management ) Tj ET Q q 0 0 0 rg BT 344.91 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.32 212.25 Td (other ) Tj ET Q q 0 0 0 rg BT 379.94 212.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 425.77 212.25 Td (who ) Tj ET Q q 0 0 0 rg BT 446.07 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 468.02 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.53 212.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.81 212.25 Td (role ) Tj ET Q q 0 0 0 rg BT 539.43 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 212.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 200.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.04 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 132.43 200.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 165.48 200.25 Td (control ) Tj ET Q q 0 0 0 rg BT 196.30 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 216.57 200.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.05 200.25 Td (reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 162.75 m 561.5 162.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Phil Rykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Phil Rykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 137.42 Td (Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 317 0 obj <> endobj 318 0 obj <> stream BT /F2 10.00 Tf ET q 0 0 0 rg BT 506.05 740.25 Td (Exhibit 31\(b\) ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 116.55 716.25 Td (CER) Tj ET Q q 0 0 0 rg BT 137.31 716.25 Td (TIFICA) Tj ET Q q 0 0 0 rg BT 171.57 716.25 Td (TION UNDER SECTION 302 OF) Tj ET Q q 0 0 0 rg BT 316.22 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 318.54 716.25 Td (THE SARBANES-OXLEY) Tj ET Q q 0 0 0 rg BT 434.03 716.25 Td ( ) Tj ET Q q 0 0 0 rg BT 435.98 716.25 Td (ACT) Tj ET Q q 0 0 0 rg BT 456.91 716.25 Td ( OF) Tj ET Q q 0 0 0 rg BT 472.93 716.25 Td ( 2002 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.25 Td (I, ) Tj ET Q q 0 0 0 rg BT 57.83 692.25 Td (Mark ) Tj ET Q q 0 0 0 rg BT 81.99 692.25 Td (C. ) Tj ET Q q 0 0 0 rg BT 93.11 692.25 Td (Allen, ) Tj ET Q q 0 0 0 rg BT 120.33 692.25 Td (certify ) Tj ET Q q 0 0 0 rg BT 148.92 692.25 Td (that:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 668.25 Td (I ) Tj ET Q q 0 0 0 rg BT 73.33 668.25 Td (have ) Tj ET Q q 0 0 0 rg BT 94.71 668.25 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 133.85 668.25 Td (this ) Tj ET Q q 0 0 0 rg BT 150.80 668.25 Td (report ) Tj ET Q q 0 0 0 rg BT 177.18 668.25 Td (on ) Tj ET Q q 0 0 0 rg BT 189.68 668.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 213.85 668.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 236.90 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 247.73 668.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 285.22 668.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 328.82 668.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 346.59 668.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 364.63 668.25 Td (registrant\);) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 644.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.61 644.25 Td (on ) Tj ET Q q 0 0 0 rg BT 107.28 644.25 Td (my ) Tj ET Q q 0 0 0 rg BT 122.73 644.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 171.78 644.25 Td (this ) Tj ET Q q 0 0 0 rg BT 188.90 644.25 Td (report ) Tj ET Q q 0 0 0 rg BT 215.45 644.25 Td (does ) Tj ET Q q 0 0 0 rg BT 236.46 644.25 Td (not ) Tj ET Q q 0 0 0 rg BT 251.91 644.25 Td (contain ) Tj ET Q q 0 0 0 rg BT 284.01 644.25 Td (any ) Tj ET Q q 0 0 0 rg BT 301.12 644.25 Td (untrue ) Tj ET Q q 0 0 0 rg BT 329.34 644.25 Td (statement ) Tj ET Q q 0 0 0 rg BT 370.33 644.25 Td (of ) Tj ET Q q 0 0 0 rg BT 381.34 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 388.45 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 423.88 644.25 Td (fact ) Tj ET Q q 0 0 0 rg BT 441.54 644.25 Td (or ) Tj ET Q q 0 0 0 rg BT 452.54 644.25 Td (omit ) Tj ET Q q 0 0 0 rg BT 473.55 644.25 Td (to ) Tj ET Q q 0 0 0 rg BT 484.00 644.25 Td (state ) Tj ET Q q 0 0 0 rg BT 505.00 644.25 Td (a ) Tj ET Q q 0 0 0 rg BT 512.11 644.25 Td (material ) Tj ET Q q 0 0 0 rg BT 547.54 644.25 Td (fact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 632.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 108.41 632.25 Td (to ) Tj ET Q q 0 0 0 rg BT 118.24 632.25 Td (make ) Tj ET Q q 0 0 0 rg BT 141.94 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 156.20 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 200.46 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 226.66 632.25 Td (in ) Tj ET Q q 0 0 0 rg BT 236.48 632.25 Td (light ) Tj ET Q q 0 0 0 rg BT 256.87 632.25 Td (of ) Tj ET Q q 0 0 0 rg BT 267.24 632.25 Td (the ) Tj ET Q q 0 0 0 rg BT 281.50 632.25 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 340.19 632.25 Td (under ) Tj ET Q q 0 0 0 rg BT 365.00 632.25 Td (which ) Tj ET Q q 0 0 0 rg BT 391.49 632.25 Td (such ) Tj ET Q q 0 0 0 rg BT 411.87 632.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 456.12 632.25 Td (were ) Tj ET Q q 0 0 0 rg BT 477.60 632.25 Td (made, ) Tj ET Q q 0 0 0 rg BT 503.80 632.25 Td (not ) Tj ET Q q 0 0 0 rg BT 518.62 632.25 Td (misleading ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 620.25 Td (with ) Tj ET Q q 0 0 0 rg BT 87.78 620.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 118.59 620.25 Td (to ) Tj ET Q q 0 0 0 rg BT 128.87 620.25 Td (the ) Tj ET Q q 0 0 0 rg BT 143.59 620.25 Td (period ) Tj ET Q q 0 0 0 rg BT 171.64 620.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 205.78 620.25 Td (by ) Tj ET Q q 0 0 0 rg BT 218.28 620.25 Td (this ) Tj ET Q q 0 0 0 rg BT 235.23 620.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.25 Td (3. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 596.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 94.22 596.25 Td (on ) Tj ET Q q 0 0 0 rg BT 106.49 596.25 Td (my ) Tj ET Q q 0 0 0 rg BT 121.55 596.25 Td (knowledge, ) Tj ET Q q 0 0 0 rg BT 170.20 596.25 Td (the ) Tj ET Q q 0 0 0 rg BT 184.69 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 221.95 596.25 Td (statements, ) Tj ET Q q 0 0 0 rg BT 268.94 596.25 Td (and ) Tj ET Q q 0 0 0 rg BT 285.66 596.25 Td (other ) Tj ET Q q 0 0 0 rg BT 308.48 596.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 345.74 596.25 Td (information ) Tj ET Q q 0 0 0 rg BT 395.23 596.25 Td (included ) Tj ET Q q 0 0 0 rg BT 431.94 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 441.99 596.25 Td (this ) Tj ET Q q 0 0 0 rg BT 458.72 596.25 Td (report, ) Tj ET Q q 0 0 0 rg BT 487.37 596.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 511.30 596.25 Td (present ) Tj ET Q q 0 0 0 rg BT 542.46 596.25 Td (in ) Tj ET Q q 0 0 0 rg BT 552.51 596.25 Td (all ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 103.67 584.25 Td (respects ) Tj ET Q q 0 0 0 rg BT 139.28 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 154.90 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 193.29 584.25 Td (condition, ) Tj ET Q q 0 0 0 rg BT 236.97 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 266.49 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 278.23 584.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 323.29 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 341.13 584.25 Td (cash ) Tj ET Q q 0 0 0 rg BT 362.31 584.25 Td (flows ) Tj ET Q q 0 0 0 rg BT 387.94 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 399.68 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 415.30 584.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 456.47 584.25 Td (as ) Tj ET Q q 0 0 0 rg BT 468.21 584.25 Td (of, ) Tj ET Q q 0 0 0 rg BT 482.45 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 500.29 584.25 Td (for) Tj ET Q q 0 0 0 rg BT 511.55 584.25 Td (, ) Tj ET Q q 0 0 0 rg BT 517.46 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 533.08 584.25 Td (periods ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 108.32 572.25 Td (in ) Tj ET Q q 0 0 0 rg BT 118.59 572.25 Td (this ) Tj ET Q q 0 0 0 rg BT 135.54 572.25 Td (report;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (4. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 548.25 Td (The ) Tj ET Q q 0 0 0 rg BT 87.11 548.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 127.65 548.25 Td (s ) Tj ET Q q 0 0 0 rg BT 135.60 548.25 Td (other ) Tj ET Q q 0 0 0 rg BT 160.20 548.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 203.13 548.25 Td (of) Tj ET Q q 0 0 0 rg BT 211.28 548.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 237.55 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 256.05 548.25 Td (I ) Tj ET Q q 0 0 0 rg BT 263.43 548.25 Td (are ) Tj ET Q q 0 0 0 rg BT 279.70 548.25 Td (responsible ) Tj ET Q q 0 0 0 rg BT 329.31 548.25 Td (for ) Tj ET Q q 0 0 0 rg BT 345.02 548.25 Td (establishing ) Tj ET Q q 0 0 0 rg BT 396.86 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 415.35 548.25 Td (maintaining ) Tj ET Q q 0 0 0 rg BT 467.18 548.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 511.79 548.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 548.06 548.25 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 536.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 114.83 536.25 Td (\(as ) Tj ET Q q 0 0 0 rg BT 129.95 536.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 163.40 536.25 Td (in ) Tj ET Q q 0 0 0 rg BT 174.64 536.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 216.77 536.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 234.67 536.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 260.91 536.25 Td (13a-15\(e\) ) Tj ET Q q 0 0 0 rg BT 303.24 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 321.14 536.25 Td (15d-15\(e\)\) ) Tj ET Q q 0 0 0 rg BT 367.37 536.25 Td (and ) Tj ET Q q 0 0 0 rg BT 385.27 536.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 419.27 536.25 Td (control ) Tj ET Q q 0 0 0 rg BT 451.06 536.25 Td (over ) Tj ET Q q 0 0 0 rg BT 472.29 536.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 510.74 536.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 550.86 536.25 Td (\(as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 524.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 99.99 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 110.26 524.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 151.64 524.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 168.57 524.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 193.85 524.25 Td (13a-15\(f\) ) Tj ET Q q 0 0 0 rg BT 234.11 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.05 524.25 Td (15d-15\(f\)\) ) Tj ET Q q 0 0 0 rg BT 295.20 524.25 Td (for ) Tj ET Q q 0 0 0 rg BT 309.36 524.25 Td (the ) Tj ET Q q 0 0 0 rg BT 324.08 524.25 Td (registrant ) Tj ET Q q 0 0 0 rg BT 364.34 524.25 Td (and ) Tj ET Q q 0 0 0 rg BT 381.28 524.25 Td (have:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 500.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 500.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.58 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 148.22 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 192.07 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 227.60 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 245.35 500.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 295.03 500.25 Td (or ) Tj ET Q q 0 0 0 rg BT 306.67 500.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 337.18 500.25 Td (such ) Tj ET Q q 0 0 0 rg BT 358.82 500.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 402.68 500.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 438.20 500.25 Td (and ) Tj ET Q q 0 0 0 rg BT 455.95 500.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 503.13 500.25 Td (to ) Tj ET Q q 0 0 0 rg BT 514.22 500.25 Td (be ) Tj ET Q q 0 0 0 rg BT 526.96 500.25 Td (designed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 488.25 Td (under ) Tj ET Q q 0 0 0 rg BT 109.95 488.25 Td (our ) Tj ET Q q 0 0 0 rg BT 124.96 488.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 175.24 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 184.70 488.25 Td (ensure ) Tj ET Q q 0 0 0 rg BT 212.48 488.25 Td (that ) Tj ET Q q 0 0 0 rg BT 229.15 488.25 Td (material ) Tj ET Q q 0 0 0 rg BT 263.59 488.25 Td (information ) Tj ET Q q 0 0 0 rg BT 312.48 488.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 344.70 488.25 Td (to ) Tj ET Q q 0 0 0 rg BT 354.16 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 368.05 488.25 Td (registrant, ) Tj ET Q q 0 0 0 rg BT 410.00 488.25 Td (including ) Tj ET Q q 0 0 0 rg BT 449.45 488.25 Td (its ) Tj ET Q q 0 0 0 rg BT 460.57 488.25 Td (consolidated ) Tj ET Q q 0 0 0 rg BT 512.79 488.25 Td (subsidiaries, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 94.43 476.25 Td (made ) Tj ET Q q 0 0 0 rg BT 118.34 476.25 Td (known ) Tj ET Q q 0 0 0 rg BT 147.82 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 157.86 476.25 Td (us ) Tj ET Q q 0 0 0 rg BT 169.01 476.25 Td (by ) Tj ET Q q 0 0 0 rg BT 181.27 476.25 Td (others ) Tj ET Q q 0 0 0 rg BT 207.96 476.25 Td (within ) Tj ET Q q 0 0 0 rg BT 235.78 476.25 Td (those ) Tj ET Q q 0 0 0 rg BT 259.15 476.25 Td (entities, ) Tj ET Q q 0 0 0 rg BT 292.79 476.25 Td (particularly ) Tj ET Q q 0 0 0 rg BT 341.13 476.25 Td (during ) Tj ET Q q 0 0 0 rg BT 369.50 476.25 Td (the ) Tj ET Q q 0 0 0 rg BT 383.97 476.25 Td (period ) Tj ET Q q 0 0 0 rg BT 411.78 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 421.82 476.25 Td (which ) Tj ET Q q 0 0 0 rg BT 448.51 476.25 Td (this ) Tj ET Q q 0 0 0 rg BT 465.22 476.25 Td (report ) Tj ET Q q 0 0 0 rg BT 491.35 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 500.28 476.25 Td (being ) Tj ET Q q 0 0 0 rg BT 524.76 476.25 Td (prepared;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 452.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 452.25 Td (Designed ) Tj ET Q q 0 0 0 rg BT 126.44 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 147.95 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 181.66 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 213.16 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 234.10 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 272.26 452.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 314.59 452.25 Td (or ) Tj ET Q q 0 0 0 rg BT 326.09 452.25 Td (caused ) Tj ET Q q 0 0 0 rg BT 356.47 452.25 Td (such ) Tj ET Q q 0 0 0 rg BT 377.98 452.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 411.69 452.25 Td (control ) Tj ET Q q 0 0 0 rg BT 443.19 452.25 Td (over ) Tj ET Q q 0 0 0 rg BT 464.13 452.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 502.29 452.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 542.12 452.25 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 452.25 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (designed ) Tj ET Q q 0 0 0 rg BT 123.77 440.25 Td (under ) Tj ET Q q 0 0 0 rg BT 149.25 440.25 Td (our ) Tj ET Q q 0 0 0 rg BT 165.30 440.25 Td (supervision, ) Tj ET Q q 0 0 0 rg BT 216.63 440.25 Td (to ) Tj ET Q q 0 0 0 rg BT 227.13 440.25 Td (provide ) Tj ET Q q 0 0 0 rg BT 260.39 440.25 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 305.86 440.25 Td (assurance ) Tj ET Q q 0 0 0 rg BT 347.45 440.25 Td (regarding ) Tj ET Q q 0 0 0 rg BT 388.48 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 403.42 440.25 Td (reliability ) Tj ET Q q 0 0 0 rg BT 445.02 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 456.06 440.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 493.76 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 533.14 440.25 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 440.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 133.53 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 144.36 428.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 181.84 428.25 Td (statements ) Tj ET Q q 0 0 0 rg BT 226.55 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 240.71 428.25 Td (external ) Tj ET Q q 0 0 0 rg BT 275.42 428.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 313.47 428.25 Td (in ) Tj ET Q q 0 0 0 rg BT 323.75 428.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 371.21 428.25 Td (with ) Tj ET Q q 0 0 0 rg BT 391.49 428.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 431.19 428.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 468.66 428.25 Td (accounting ) Tj ET Q q 0 0 0 rg BT 515.03 428.25 Td (principles;) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 404.25 Td (\(c\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.25 Td (Evaluated ) Tj ET Q q 0 0 0 rg BT 129.78 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 146.30 404.25 Td (ef) Tj ET Q q 0 0 0 rg BT 153.89 404.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 202.62 404.25 Td (of ) Tj ET Q q 0 0 0 rg BT 215.25 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 231.77 404.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 272.32 404.25 Td (s ) Tj ET Q q 0 0 0 rg BT 280.51 404.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 325.36 404.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 361.88 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 380.63 404.25 Td (procedures ) Tj ET Q q 0 0 0 rg BT 428.80 404.25 Td (and ) Tj ET Q q 0 0 0 rg BT 447.54 404.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 490.16 404.25 Td (in ) Tj ET Q q 0 0 0 rg BT 502.24 404.25 Td (this ) Tj ET Q q 0 0 0 rg BT 520.99 404.25 Td (report ) Tj ET Q q 0 0 0 rg BT 549.17 404.25 Td (our ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 392.25 Td (conclusions ) Tj ET Q q 0 0 0 rg BT 135.02 392.25 Td (about ) Tj ET Q q 0 0 0 rg BT 159.54 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 174.05 392.25 Td (ef) Tj ET Q q 0 0 0 rg BT 181.64 392.25 Td (fectiveness ) Tj ET Q q 0 0 0 rg BT 228.37 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 239.00 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 253.52 392.25 Td (disclosure ) Tj ET Q q 0 0 0 rg BT 296.36 392.25 Td (controls ) Tj ET Q q 0 0 0 rg BT 330.88 392.25 Td (and ) Tj ET Q q 0 0 0 rg BT 347.62 392.25 Td (procedures, ) Tj ET Q q 0 0 0 rg BT 396.29 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 406.92 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 417.55 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 432.07 392.25 Td (end ) Tj ET Q q 0 0 0 rg BT 448.81 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 459.44 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 473.96 392.25 Td (period ) Tj ET Q q 0 0 0 rg BT 501.81 392.25 Td (covered ) Tj ET Q q 0 0 0 rg BT 535.76 392.25 Td (by ) Tj ET Q q 0 0 0 rg BT 548.06 392.25 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 380.25 Td (report ) Tj ET Q q 0 0 0 rg BT 111.88 380.25 Td (based ) Tj ET Q q 0 0 0 rg BT 137.15 380.25 Td (on ) Tj ET Q q 0 0 0 rg BT 149.65 380.25 Td (such ) Tj ET Q q 0 0 0 rg BT 170.48 380.25 Td (evaluation; ) Tj ET Q q 0 0 0 rg BT 217.40 380.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 356.25 Td (\(d\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 356.25 Td (Disclosed ) Tj ET Q q 0 0 0 rg BT 127.75 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.33 356.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.58 356.25 Td (report ) Tj ET Q q 0 0 0 rg BT 182.27 356.25 Td (any ) Tj ET Q q 0 0 0 rg BT 199.51 356.25 Td (change ) Tj ET Q q 0 0 0 rg BT 230.64 356.25 Td (in ) Tj ET Q q 0 0 0 rg BT 241.22 356.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.24 356.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 296.79 356.25 Td (s ) Tj ET Q q 0 0 0 rg BT 303.48 356.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 336.83 356.25 Td (control ) Tj ET Q q 0 0 0 rg BT 367.96 356.25 Td (over ) Tj ET Q q 0 0 0 rg BT 388.54 356.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 426.33 356.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 465.79 356.25 Td (that ) Tj ET Q q 0 0 0 rg BT 483.59 356.25 Td (occurred ) Tj ET Q q 0 0 0 rg BT 521.37 356.25 Td (during ) Tj ET Q q 0 0 0 rg BT 550.29 356.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 344.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.04 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 131.34 344.25 Td (most ) Tj ET Q q 0 0 0 rg BT 152.19 344.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 178.01 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 201.07 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 230.79 344.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 247.74 344.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 288.28 344.25 Td (s ) Tj ET Q q 0 0 0 rg BT 293.58 344.25 Td (fourth ) Tj ET Q q 0 0 0 rg BT 319.42 344.25 Td (fiscal ) Tj ET Q q 0 0 0 rg BT 342.48 344.25 Td (quarter ) Tj ET Q q 0 0 0 rg BT 372.19 344.25 Td (in ) Tj ET Q q 0 0 0 rg BT 381.38 344.25 Td (the ) Tj ET Q q 0 0 0 rg BT 395.00 344.25 Td (case ) Tj ET Q q 0 0 0 rg BT 413.60 344.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.34 344.25 Td (an ) Tj ET Q q 0 0 0 rg BT 434.18 344.25 Td (annual ) Tj ET Q q 0 0 0 rg BT 462.24 344.25 Td (report\) ) Tj ET Q q 0 0 0 rg BT 490.85 344.25 Td (that ) Tj ET Q q 0 0 0 rg BT 507.25 344.25 Td (has ) Tj ET Q q 0 0 0 rg BT 521.98 344.25 Td (materially ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 93.09 332.25 Td (fected, ) Tj ET Q q 0 0 0 rg BT 122.51 332.25 Td (or ) Tj ET Q q 0 0 0 rg BT 133.34 332.25 Td (is ) Tj ET Q q 0 0 0 rg BT 142.51 332.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 188.33 332.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 213.60 332.25 Td (to ) Tj ET Q q 0 0 0 rg BT 223.88 332.25 Td (materially ) Tj ET Q q 0 0 0 rg BT 266.92 332.25 Td (af) Tj ET Q q 0 0 0 rg BT 274.50 332.25 Td (fect, ) Tj ET Q q 0 0 0 rg BT 294.49 332.25 Td (the ) Tj ET Q q 0 0 0 rg BT 309.21 332.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 349.75 332.25 Td (s ) Tj ET Q q 0 0 0 rg BT 356.14 332.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 389.18 332.25 Td (control ) Tj ET Q q 0 0 0 rg BT 420.01 332.25 Td (over ) Tj ET Q q 0 0 0 rg BT 440.28 332.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 477.76 332.25 Td (reporting; ) Tj ET Q q 0 0 0 rg BT 519.69 332.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (5. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 308.25 Td (The ) Tj ET Q q 0 0 0 rg BT 85.95 308.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.49 308.25 Td (s ) Tj ET Q q 0 0 0 rg BT 133.29 308.25 Td (other ) Tj ET Q q 0 0 0 rg BT 156.74 308.25 Td (certifying ) Tj ET Q q 0 0 0 rg BT 198.52 308.25 Td (of) Tj ET Q q 0 0 0 rg BT 206.67 308.25 Td (ficers ) Tj ET Q q 0 0 0 rg BT 231.78 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 249.13 308.25 Td (I ) Tj ET Q q 0 0 0 rg BT 255.36 308.25 Td (have ) Tj ET Q q 0 0 0 rg BT 277.14 308.25 Td (disclosed, ) Tj ET Q q 0 0 0 rg BT 319.77 308.25 Td (based ) Tj ET Q q 0 0 0 rg BT 345.44 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 358.34 308.25 Td (our ) Tj ET Q q 0 0 0 rg BT 374.58 308.25 Td (most ) Tj ET Q q 0 0 0 rg BT 396.93 308.25 Td (recent ) Tj ET Q q 0 0 0 rg BT 424.26 308.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 468.82 308.25 Td (of ) Tj ET Q q 0 0 0 rg BT 480.05 308.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 513.50 308.25 Td (control ) Tj ET Q q 0 0 0 rg BT 544.73 308.25 Td (over ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 296.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 106.13 296.25 Td (reporting, ) Tj ET Q q 0 0 0 rg BT 148.94 296.25 Td (to ) Tj ET Q q 0 0 0 rg BT 160.37 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 176.24 296.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 216.78 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 224.33 296.25 Td (auditors ) Tj ET Q q 0 0 0 rg BT 260.20 296.25 Td (and ) Tj ET Q q 0 0 0 rg BT 278.29 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 294.16 296.25 Td (audit ) Tj ET Q q 0 0 0 rg BT 317.80 296.25 Td (committee ) Tj ET Q q 0 0 0 rg BT 363.66 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 375.64 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 391.51 296.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 432.06 296.25 Td (s ) Tj ET Q q 0 0 0 rg BT 439.60 296.25 Td (board ) Tj ET Q q 0 0 0 rg BT 466.02 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 478.00 296.25 Td (directors ) Tj ET Q q 0 0 0 rg BT 516.64 296.25 Td (\(or ) Tj ET Q q 0 0 0 rg BT 531.95 296.25 Td (persons ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 284.25 Td (performing ) Tj ET Q q 0 0 0 rg BT 114.99 284.25 Td (the ) Tj ET Q q 0 0 0 rg BT 129.70 284.25 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 173.85 284.25 Td (functions\):) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 260.25 Td (\(a\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.25 Td (All ) Tj ET Q q 0 0 0 rg BT 100.25 260.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 144.44 260.25 Td (deficiencies ) Tj ET Q q 0 0 0 rg BT 194.17 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 210.58 260.25 Td (material ) Tj ET Q q 0 0 0 rg BT 245.32 260.25 Td (weaknesses ) Tj ET Q q 0 0 0 rg BT 293.95 260.25 Td (in ) Tj ET Q q 0 0 0 rg BT 303.70 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 317.89 260.25 Td (design ) Tj ET Q q 0 0 0 rg BT 345.98 260.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.29 260.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 396.03 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 406.33 260.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 438.85 260.25 Td (control ) Tj ET Q q 0 0 0 rg BT 469.15 260.25 Td (over ) Tj ET Q q 0 0 0 rg BT 488.90 260.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 525.86 260.25 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.25 Td (which ) Tj ET Q q 0 0 0 rg BT 112.31 248.25 Td (are ) Tj ET Q q 0 0 0 rg BT 126.89 248.25 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 172.57 248.25 Td (likely ) Tj ET Q q 0 0 0 rg BT 197.72 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 207.87 248.25 Td (adversely ) Tj ET Q q 0 0 0 rg BT 248.55 248.25 Td (af) Tj ET Q q 0 0 0 rg BT 256.14 248.25 Td (fect ) Tj ET Q q 0 0 0 rg BT 273.50 248.25 Td (the ) Tj ET Q q 0 0 0 rg BT 288.08 248.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 328.63 248.25 Td (s ) Tj ET Q q 0 0 0 rg BT 334.89 248.25 Td (ability ) Tj ET Q q 0 0 0 rg BT 362.81 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 372.96 248.25 Td (record, ) Tj ET Q q 0 0 0 rg BT 403.37 248.25 Td (process, ) Tj ET Q q 0 0 0 rg BT 438.23 248.25 Td (summarize ) Tj ET Q q 0 0 0 rg BT 484.47 248.25 Td (and ) Tj ET Q q 0 0 0 rg BT 501.28 248.25 Td (report ) Tj ET Q q 0 0 0 rg BT 527.53 248.25 Td (financial ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 236.25 Td (information; ) Tj ET Q q 0 0 0 rg BT 137.99 236.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 212.25 Td (\(b\) ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.25 Td ( ) Tj ET Q q 0 0 0 rg BT 87.89 212.25 Td (Any ) Tj ET Q q 0 0 0 rg BT 108.19 212.25 Td (fraud, ) Tj ET Q q 0 0 0 rg BT 134.86 212.25 Td (whether ) Tj ET Q q 0 0 0 rg BT 170.14 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 181.54 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 197.39 212.25 Td (material, ) Tj ET Q q 0 0 0 rg BT 235.73 212.25 Td (that ) Tj ET Q q 0 0 0 rg BT 253.79 212.25 Td (involves ) Tj ET Q q 0 0 0 rg BT 290.75 212.25 Td (management ) Tj ET Q q 0 0 0 rg BT 344.91 212.25 Td (or ) Tj ET Q q 0 0 0 rg BT 356.32 212.25 Td (other ) Tj ET Q q 0 0 0 rg BT 379.94 212.25 Td (employees ) Tj ET Q q 0 0 0 rg BT 425.77 212.25 Td (who ) Tj ET Q q 0 0 0 rg BT 446.07 212.25 Td (have ) Tj ET Q q 0 0 0 rg BT 468.02 212.25 Td (a ) Tj ET Q q 0 0 0 rg BT 475.53 212.25 Td (significant ) Tj ET Q q 0 0 0 rg BT 520.81 212.25 Td (role ) Tj ET Q q 0 0 0 rg BT 539.43 212.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 212.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 200.25 Td (registrant) Tj ET Q q 0 0 0 rg BT 126.04 200.25 Td (s ) Tj ET Q q 0 0 0 rg BT 132.43 200.25 Td (internal ) Tj ET Q q 0 0 0 rg BT 165.48 200.25 Td (control ) Tj ET Q q 0 0 0 rg BT 196.30 200.25 Td (over ) Tj ET Q q 0 0 0 rg BT 216.57 200.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 254.05 200.25 Td (reporting.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 162.75 m 561.5 162.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 167.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 167.42 Td (/s/ Mark C. Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 152.42 Td (Mark C. 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Tj ET Q q 0 0 0 rg BT 229.87 680.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 258.89 680.25 Td (on ) Tj ET Q q 0 0 0 rg BT 270.69 680.25 Td (Form ) Tj ET Q q 0 0 0 rg BT 294.16 680.25 Td (10-K ) Tj ET Q q 0 0 0 rg BT 316.52 680.25 Td (for ) Tj ET Q q 0 0 0 rg BT 329.98 680.25 Td (the ) Tj ET Q q 0 0 0 rg BT 344.00 680.25 Td (year ) Tj ET Q q 0 0 0 rg BT 363.01 680.25 Td (ended ) Tj ET Q q 0 0 0 rg BT 388.69 680.25 Td (December ) Tj ET Q q 0 0 0 rg BT 431.58 680.25 Td (31, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 445.88 680.25 Td (2016) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 465.88 680.25 Td ( ) Tj ET Q q 0 0 0 rg BT 467.69 680.25 Td (\(the ) Tj ET Q q 0 0 0 rg BT 485.04 680.25 Td (Report\) ) Tj ET Q q 0 0 0 rg BT 517.39 680.25 Td (of ) Tj ET Q q 0 0 0 rg BT 527.52 680.25 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 668.25 Td (Resources ) Tj ET Q q 0 0 0 rg BT 93.29 668.25 Td (Inc. ) Tj ET Q q 0 0 0 rg BT 111.26 668.25 Td (\(Denbury\) ) Tj ET Q q 0 0 0 rg BT 155.60 668.25 Td (as ) Tj ET Q q 0 0 0 rg BT 166.63 668.25 Td (filed ) Tj ET Q q 0 0 0 rg BT 187.65 668.25 Td (with ) Tj ET Q q 0 0 0 rg BT 208.12 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 223.04 668.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 265.16 668.25 Td (and ) Tj ET Q q 0 0 0 rg BT 282.30 668.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 324.42 668.25 Td (Commission, ) Tj ET Q q 0 0 0 rg BT 380.18 668.25 Td (each ) Tj ET Q q 0 0 0 rg BT 401.19 668.25 Td (of ) Tj ET Q q 0 0 0 rg BT 412.21 668.25 Td (the ) Tj ET Q q 0 0 0 rg BT 427.13 668.25 Td (undersigned, ) Tj ET Q q 0 0 0 rg BT 481.20 668.25 Td (in ) Tj ET Q q 0 0 0 rg BT 491.67 668.25 Td (his ) Tj ET Q q 0 0 0 rg BT 506.04 668.25 Td (capacity ) Tj ET Q q 0 0 0 rg BT 542.04 668.25 Td (as ) Tj ET Q q 0 0 0 rg BT 553.07 668.25 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.25 Td (of) Tj ET Q q 0 0 0 rg BT 57.65 656.25 Td (ficer ) Tj ET Q q 0 0 0 rg BT 78.46 656.25 Td (of ) Tj ET Q q 0 0 0 rg BT 89.29 656.25 Td (Denbury) Tj ET Q q 0 0 0 rg 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0 0 0 rg BT 381.30 620.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 422.44 620.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 463.20 620.25 Td (Act ) Tj ET Q q 0 0 0 rg BT 479.34 620.25 Td (of ) Tj ET Q q 0 0 0 rg BT 489.38 620.25 Td (1934, ) Tj ET Q q 0 0 0 rg BT 513.59 620.25 Td (as ) Tj ET Q q 0 0 0 rg BT 523.62 620.25 Td (amended; ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 608.25 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 584.25 Td (information ) Tj ET Q q 0 0 0 rg BT 117.30 584.25 Td (contained ) Tj ET Q q 0 0 0 rg BT 158.76 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 169.13 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 183.94 584.25 Td (Report ) Tj ET Q q 0 0 0 rg BT 213.75 584.25 Td (fairly ) Tj ET Q q 0 0 0 rg BT 237.99 584.25 Td (presents, ) Tj ET Q q 0 0 0 rg BT 275.85 584.25 Td (in ) Tj ET Q q 0 0 0 rg BT 286.22 584.25 Td (all ) Tj ET Q q 0 0 0 rg BT 298.81 584.25 Td (material ) Tj ET Q q 0 0 0 rg BT 334.16 584.25 Td (respects, ) Tj ET Q q 0 0 0 rg BT 371.45 584.25 Td (the ) Tj ET Q q 0 0 0 rg BT 386.26 584.25 Td (financial ) Tj ET Q q 0 0 0 rg BT 423.83 584.25 Td (condition ) Tj ET Q q 0 0 0 rg BT 464.19 584.25 Td (and ) Tj ET Q q 0 0 0 rg BT 481.22 584.25 Td (results ) Tj ET Q q 0 0 0 rg BT 509.92 584.25 Td (of ) Tj ET Q q 0 0 0 rg BT 520.84 584.25 Td (operations ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 67.50 572.25 Td (of ) Tj ET Q q 0 0 0 rg BT 78.33 572.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 112.67 572.25 Td (.) Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 534.75 m 561.5 534.75 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 336.5 459.75 m 561.5 459.75 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.15 539.42 Td (Dated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 539.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 539.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 539.42 Td (/s/ Phil Rykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 524.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 524.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 524.42 Td (Phil Rykhoek) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 509.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 509.42 Td (Chief Executive Officer) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 479.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 479.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.50 479.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 53.15 464.42 Td (Dated:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 87.00 464.42 Td (March 1, 2017) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 335.00 464.42 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 464.42 Td (/s/ Mark C. Allen) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 339.00 449.42 Td (Mark C. 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(of ) Tj ET Q q 0 0 0 rg BT 408.76 560.25 Td (the ) Tj ET Q q 0 0 0 rg BT 423.73 560.25 Td (net ) Tj ET Q q 0 0 0 rg BT 438.71 560.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 469.24 560.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 485.06 560.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 534.74 560.25 Td (natural ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 548.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 65.47 548.25 Td (liquids ) Tj ET Q q 0 0 0 rg BT 95.33 548.25 Td (\(NGL\), ) Tj ET Q q 0 0 0 rg BT 127.68 548.25 Td (and ) Tj ET Q q 0 0 0 rg BT 144.76 548.25 Td (gas ) Tj ET Q q 0 0 0 rg BT 160.73 548.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 198.63 548.25 Td (as ) Tj ET Q q 0 0 0 rg BT 209.59 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 220.56 548.25 Td (December ) Tj ET Q q 0 0 0 rg BT 264.28 548.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 279.42 548.25 Td (2016, ) Tj ET Q q 0 0 0 rg BT 304.56 548.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.53 548.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 345.37 548.25 Td (properties ) Tj ET Q q 0 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524.25 Td (royalty ) Tj ET Q q 0 0 0 rg BT 471.97 524.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 508.07 524.25 Td (located ) Tj ET Q q 0 0 0 rg BT 539.72 524.25 Td (in ) Tj ET Q q 0 0 0 rg BT 550.28 524.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.25 Td (States ) Tj ET Q q 0 0 0 rg BT 76.63 512.25 Td (of ) Tj ET Q q 0 0 0 rg BT 87.49 512.25 Td (Alabama, ) Tj ET Q q 0 0 0 rg BT 129.33 512.25 Td (Louisiana, ) Tj ET Q q 0 0 0 rg BT 174.51 512.25 Td (Mississippi, ) Tj ET Q q 0 0 0 rg BT 225.82 512.25 Td (Montana, ) Tj ET Q q 0 0 0 rg BT 267.11 512.25 Td (North ) Tj ET Q q 0 0 0 rg BT 293.69 512.25 Td (Dakota, ) Tj ET Q q 0 0 0 rg BT 328.08 512.25 Td (T) Tj ET Q q 0 0 0 rg BT 333.49 512.25 Td (exas, ) Tj ET Q q 0 0 0 rg BT 357.00 512.25 Td (and ) Tj ET Q q 0 0 0 rg BT 374.45 512.25 Td (W) Tj ET Q q 0 0 0 rg BT 383.29 512.25 Td (yoming. ) Tj ET Q q 0 0 0 rg BT 419.59 512.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 457.82 512.25 Td (has ) Tj ET Q q 0 0 0 rg BT 474.40 512.25 Td (represented ) Tj ET Q q 0 0 0 rg BT 523.73 512.25 Td (that ) Tj ET Q q 0 0 0 rg BT 541.96 512.25 Td (these ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 91.91 500.25 Td (account ) Tj ET Q q 0 0 0 rg BT 125.42 500.25 Td (for ) Tj ET Q q 0 0 0 rg BT 139.50 500.25 Td (100 ) Tj ET Q q 0 0 0 rg BT 156.93 500.25 Td (percent ) Tj ET Q q 0 0 0 rg BT 188.77 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 199.52 500.25 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 242.63 500.25 Td (net ) Tj ET Q q 0 0 0 rg BT 257.27 500.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 287.46 500.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 322.64 500.25 Td (as ) Tj ET Q q 0 0 0 rg BT 333.39 500.25 Td (of ) Tj ET Q q 0 0 0 rg BT 344.14 500.25 Td (December ) Tj ET Q q 0 0 0 rg BT 387.65 500.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 402.57 500.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 427.32 500.25 Td (The ) Tj ET Q q 0 0 0 rg BT 445.29 500.25 Td (net ) Tj ET Q q 0 0 0 rg BT 459.93 500.25 Td (proved ) Tj ET Q q 0 0 0 rg BT 490.12 500.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 525.30 500.25 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 86.83 488.25 Td (by ) Tj ET Q q 0 0 0 rg BT 99.19 488.25 Td (us ) Tj ET Q q 0 0 0 rg BT 110.43 488.25 Td (have ) Tj ET Q q 0 0 0 rg BT 131.66 488.25 Td (been ) Tj ET Q q 0 0 0 rg BT 152.90 488.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 190.23 488.25 Td (in ) Tj ET Q q 0 0 0 rg BT 200.36 488.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 247.68 488.25 Td (with ) Tj ET Q q 0 0 0 rg BT 267.81 488.25 Td (the ) Tj ET Q q 0 0 0 rg BT 282.38 488.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 317.49 488.25 Td (definitions ) Tj ET Q q 0 0 0 rg BT 362.62 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 373.31 488.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 398.44 488.25 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 430.23 488.25 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 464.23 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 474.92 488.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 521.15 488.25 Td (S-X ) Tj ET Q q 0 0 0 rg BT 539.62 488.25 Td (of ) Tj ET Q q 0 0 0 rg BT 550.31 488.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.25 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 72.41 476.25 Td (This ) Tj ET Q q 0 0 0 rg BT 92.43 476.25 Td (report ) Tj ET Q q 0 0 0 rg BT 118.54 476.25 Td (was ) Tj ET Q q 0 0 0 rg BT 136.33 476.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 173.54 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 183.55 476.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 230.75 476.25 Td (with ) Tj ET Q q 0 0 0 rg BT 250.76 476.25 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 294.10 476.25 Td (specified ) Tj ET Q q 0 0 0 rg BT 332.43 476.25 Td (in ) Tj ET Q q 0 0 0 rg BT 342.44 476.25 Td (Item ) Tj ET Q q 0 0 0 rg BT 363.00 476.25 Td (1202\(a\)\(8\) ) Tj ET Q q 0 0 0 rg BT 408.00 476.25 Td (of ) Tj ET Q q 0 0 0 rg BT 418.56 476.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 464.68 476.25 Td (S-K ) Tj ET Q q 0 0 0 rg BT 483.03 476.25 Td (and ) Tj ET Q q 0 0 0 rg BT 499.70 476.25 Td (is ) Tj ET Q q 0 0 0 rg BT 508.61 476.25 Td (to ) Tj ET Q q 0 0 0 rg BT 518.62 476.25 Td (be ) Tj ET Q q 0 0 0 rg BT 530.30 476.25 Td (used ) Tj ET Q q 0 0 0 rg BT 550.86 476.25 Td (for ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.25 Td (inclusion ) Tj ET Q q 0 0 0 rg BT 88.67 464.25 Td (in ) Tj ET Q q 0 0 0 rg BT 98.94 464.25 Td (certain ) Tj ET Q q 0 0 0 rg BT 128.65 464.25 Td (United ) Tj ET Q q 0 0 0 rg BT 158.36 464.25 Td (States ) Tj ET Q q 0 0 0 rg BT 184.75 464.25 Td (Securities ) Tj ET Q q 0 0 0 rg BT 226.68 464.25 Td (and ) Tj ET Q q 0 0 0 rg BT 243.62 464.25 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 285.54 464.25 Td (Commission ) Tj ET Q q 0 0 0 rg BT 338.61 464.25 Td (\(SEC\) ) Tj ET Q q 0 0 0 rg BT 366.11 464.25 Td (filings ) Tj ET Q q 0 0 0 rg BT 394.17 464.25 Td (by ) Tj ET Q q 0 0 0 rg BT 406.67 464.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 441.01 464.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.25 Td (While ) Tj ET Q q 0 0 0 rg BT 112.75 440.25 Td (Rules ) Tj ET Q q 0 0 0 rg BT 138.34 440.25 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 170.59 440.25 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 205.06 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 216.20 440.25 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 262.90 440.25 Td (S-X ) Tj ET Q q 0 0 0 rg BT 281.83 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 292.98 440.25 Td (the ) Tj ET Q q 0 0 0 rg BT 308.01 440.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 329.17 440.25 Td (do ) Tj ET Q q 0 0 0 rg BT 341.98 440.25 Td (not ) Tj ET Q q 0 0 0 rg BT 357.58 440.25 Td (allow ) Tj ET Q q 0 0 0 rg BT 382.61 440.25 Td (reporting ) Tj ET Q q 0 0 0 rg BT 422.08 440.25 Td (of ) Tj ET Q q 0 0 0 rg BT 433.23 440.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 463.25 440.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 496.06 440.25 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 534.14 440.25 Td (at ) Tj ET Q q 0 0 0 rg BT 544.17 440.25 Td (your ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 428.25 Td (request ) Tj ET Q q 0 0 0 rg BT 80.23 428.25 Td (we ) Tj ET Q q 0 0 0 rg BT 93.74 428.25 Td (have ) Tj ET Q q 0 0 0 rg BT 114.47 428.25 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 154.63 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 168.69 428.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 197.75 428.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 229.60 428.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 264.21 428.25 Td (using ) Tj ET Q q 0 0 0 rg BT 287.73 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 301.79 428.25 Td (technical ) Tj ET Q q 0 0 0 rg BT 339.73 428.25 Td (and ) Tj ET Q q 0 0 0 rg BT 356.02 428.25 Td (economic ) Tj ET Q q 0 0 0 rg BT 396.75 428.25 Td (criteria ) Tj ET Q q 0 0 0 rg BT 426.91 428.25 Td (of ) Tj ET Q q 0 0 0 rg BT 437.09 428.25 Td (the ) Tj ET Q q 0 0 0 rg BT 451.16 428.25 Td (SEC ) Tj ET Q q 0 0 0 rg BT 471.35 428.25 Td (for ) Tj ET Q q 0 0 0 rg BT 484.86 428.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 527.25 428.25 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.25 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 125.08 404.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 165.78 404.25 Td (included ) Tj ET Q q 0 0 0 rg BT 203.70 404.25 Td (herein ) Tj ET Q q 0 0 0 rg BT 232.17 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 247.87 404.25 Td (expressed ) Tj ET Q q 0 0 0 rg BT 290.78 404.25 Td (as ) Tj ET Q q 0 0 0 rg BT 302.60 404.25 Td (net ) Tj ET Q q 0 0 0 rg BT 318.30 404.25 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 357.05 404.25 Td (Gross ) Tj ET Q q 0 0 0 rg BT 383.87 404.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 426.24 404.25 Td (are ) Tj ET Q q 0 0 0 rg BT 441.93 404.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 475.40 404.25 Td (as ) Tj ET Q q 0 0 0 rg BT 487.22 404.25 Td (the ) Tj ET Q q 0 0 0 rg BT 502.92 404.25 Td (total ) Tj ET Q q 0 0 0 rg BT 524.18 404.25 Td (estimated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 93.06 392.25 Td (to ) Tj ET Q q 0 0 0 rg BT 103.86 392.25 Td (be ) Tj ET Q q 0 0 0 rg BT 116.32 392.25 Td (produced ) Tj ET Q q 0 0 0 rg BT 156.55 392.25 Td (from ) Tj ET Q q 0 0 0 rg BT 179.00 392.25 Td (these ) Tj ET Q q 0 0 0 rg BT 202.57 392.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 245.58 392.25 Td (after ) Tj ET Q q 0 0 0 rg BT 266.91 392.25 Td (December ) Tj ET Q q 0 0 0 rg BT 311.02 392.25 Td (31, ) Tj ET Q q 0 0 0 rg BT 326.54 392.25 Td (2016. ) Tj ET Q q 0 0 0 rg BT 352.06 392.25 Td (Net ) Tj ET Q q 0 0 0 rg BT 369.51 392.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 405.29 392.25 Td (are ) Tj ET Q q 0 0 0 rg BT 420.52 392.25 Td (defined ) Tj ET Q q 0 0 0 rg BT 453.53 392.25 Td (as ) Tj ET Q q 0 0 0 rg BT 464.88 392.25 Td (that ) Tj ET Q q 0 0 0 rg BT 482.89 392.25 Td (portion ) Tj ET Q q 0 0 0 rg BT 514.80 392.25 Td (of ) Tj ET Q q 0 0 0 rg BT 526.15 392.25 Td (the ) Tj ET Q q 0 0 0 rg BT 541.38 392.25 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.25 Td (quantities ) Tj ET Q q 0 0 0 rg BT 91.84 380.25 Td (attributable ) Tj ET Q q 0 0 0 rg BT 140.84 380.25 Td (to ) Tj ET Q q 0 0 0 rg BT 152.08 380.25 Td (the ) Tj ET Q q 0 0 0 rg BT 167.76 380.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 204.55 380.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 234.67 380.25 Td (by ) Tj ET Q q 0 0 0 rg BT 248.13 380.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 286.58 380.25 Td (after ) Tj ET Q q 0 0 0 rg BT 308.36 380.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 351.26 380.25 Td (all ) Tj ET Q q 0 0 0 rg BT 364.71 380.25 Td (interests ) Tj ET Q q 0 0 0 rg BT 401.50 380.25 Td (owned ) Tj ET Q q 0 0 0 rg BT 431.62 380.25 Td (by ) Tj ET Q q 0 0 0 rg BT 445.09 380.25 Td (others. ) Tj ET Q q 0 0 0 rg BT 475.49 380.25 Td (Future ) Tj ET Q q 0 0 0 rg BT 505.06 380.25 Td (net ) Tj ET Q q 0 0 0 rg BT 520.74 380.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 555.84 380.25 Td (is ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.25 Td (calculated ) Tj ET Q q 0 0 0 rg BT 93.24 368.25 Td (by ) Tj ET Q q 0 0 0 rg BT 106.45 368.25 Td (deducting ) Tj ET Q q 0 0 0 rg BT 149.09 368.25 Td (estimated ) Tj ET Q q 0 0 0 rg BT 190.62 368.25 Td (production ) Tj ET Q q 0 0 0 rg BT 237.16 368.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 263.42 368.25 Td (ad ) Tj ET Q q 0 0 0 rg BT 276.06 368.25 Td (valorem ) Tj ET Q q 0 0 0 rg BT 312.04 368.25 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 338.30 368.25 Td (net ) Tj ET Q q 0 0 0 rg BT 353.72 368.25 Td (profits ) Tj ET Q q 0 0 0 rg BT 383.04 368.25 Td (payments ) Tj ET Q q 0 0 0 rg BT 424.58 368.25 Td (\(NPI\), ) Tj ET Q q 0 0 0 rg BT 453.06 368.25 Td (operating ) Tj ET Q q 0 0 0 rg BT 494.04 368.25 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 535.85 368.25 Td (capital ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.25 Td (costs, ) Tj ET Q q 0 0 0 rg BT 74.50 356.25 Td (and ) Tj ET Q q 0 0 0 rg BT 91.44 356.25 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 147.81 356.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 170.31 356.25 Td (from ) Tj ET Q q 0 0 0 rg BT 192.25 356.25 Td (future ) Tj ET Q q 0 0 0 rg BT 218.63 356.25 Td (gross ) Tj ET Q q 0 0 0 rg BT 242.24 356.25 Td (revenue.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 332.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 127.00 332.25 Td (of ) Tj ET Q q 0 0 0 rg BT 137.95 332.25 Td (oil, ) Tj ET Q q 0 0 0 rg BT 153.63 332.25 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 203.17 332.25 Td (NGL, ) Tj ET Q q 0 0 0 rg BT 228.84 332.25 Td (gas, ) Tj ET Q q 0 0 0 rg BT 247.29 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 264.35 332.25 Td (carbon ) Tj ET Q q 0 0 0 rg BT 294.18 332.25 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 326.79 332.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 362.17 332.25 Td (and ) Tj ET Q q 0 0 0 rg BT 379.23 332.25 Td (future ) Tj ET Q q 0 0 0 rg BT 405.72 332.25 Td (net ) Tj ET Q q 0 0 0 rg BT 420.56 332.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 454.83 332.25 Td (should ) Tj ET Q q 0 0 0 rg BT 484.12 332.25 Td (be ) Tj ET Q q 0 0 0 rg BT 496.17 332.25 Td (regarded ) Tj ET Q q 0 0 0 rg BT 533.77 332.25 Td (only ) Tj ET Q q 0 0 0 rg BT 554.17 332.25 Td (as ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 89.14 320.25 Td (that ) Tj ET Q q 0 0 0 rg BT 106.56 320.25 Td (may ) Tj ET Q q 0 0 0 rg BT 126.20 320.25 Td (change ) Tj ET Q q 0 0 0 rg BT 156.94 320.25 Td (as ) Tj ET Q q 0 0 0 rg BT 167.70 320.25 Td (further ) Tj ET Q q 0 0 0 rg BT 197.33 320.25 Td (production ) Tj ET Q q 0 0 0 rg BT 243.08 320.25 Td (history ) Tj ET Q q 0 0 0 rg BT 273.29 320.25 Td (and ) Tj ET Q q 0 0 0 rg BT 290.15 320.25 Td (additional ) Tj ET Q q 0 0 0 rg BT 332.57 320.25 Td (information ) Tj ET Q q 0 0 0 rg BT 382.20 320.25 Td (become ) Tj ET Q q 0 0 0 rg BT 415.72 320.25 Td (available. ) Tj ET Q q 0 0 0 rg BT 456.74 320.25 Td (Not ) Tj ET Q q 0 0 0 rg BT 474.16 320.25 Td (only ) Tj ET Q q 0 0 0 rg BT 494.37 320.25 Td (are ) Tj ET Q q 0 0 0 rg BT 509.00 320.25 Td (such ) Tj ET Q q 0 0 0 rg BT 529.76 320.25 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.67 308.25 Td (revenue ) Tj ET Q q 0 0 0 rg BT 99.05 308.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 137.99 308.25 Td (based ) Tj ET Q q 0 0 0 rg BT 162.49 308.25 Td (on ) Tj ET Q q 0 0 0 rg BT 174.22 308.25 Td (that ) Tj ET Q q 0 0 0 rg BT 190.95 308.25 Td (information ) Tj ET Q q 0 0 0 rg BT 239.89 308.25 Td (which ) Tj ET Q q 0 0 0 rg BT 266.06 308.25 Td (is ) Tj ET Q q 0 0 0 rg BT 274.46 308.25 Td (currently ) Tj ET Q q 0 0 0 rg BT 312.28 308.25 Td (available, ) Tj ET Q q 0 0 0 rg BT 352.60 308.25 Td (but ) Tj ET Q q 0 0 0 rg BT 367.11 308.25 Td (such ) Tj ET Q q 0 0 0 rg BT 387.17 308.25 Td (estimates ) Tj ET Q q 0 0 0 rg BT 426.12 308.25 Td (are ) Tj ET Q q 0 0 0 rg BT 440.05 308.25 Td (also ) Tj ET Q q 0 0 0 rg BT 457.89 308.25 Td (subject ) Tj ET Q q 0 0 0 rg BT 487.95 308.25 Td (to ) Tj ET Q q 0 0 0 rg BT 497.46 308.25 Td (the ) Tj ET Q q 0 0 0 rg BT 511.41 308.25 Td (uncertainties ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.25 Td (inherent ) Tj ET Q q 0 0 0 rg BT 84.76 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 95.04 296.25 Td (the ) Tj ET Q q 0 0 0 rg BT 109.76 296.25 Td (application ) Tj ET Q q 0 0 0 rg BT 156.69 296.25 Td (of ) Tj ET Q q 0 0 0 rg BT 167.52 296.25 Td (judgmental ) Tj ET Q q 0 0 0 rg BT 215.01 296.25 Td (factors ) Tj ET Q q 0 0 0 rg BT 244.71 296.25 Td (in ) Tj ET Q q 0 0 0 rg BT 254.99 296.25 Td (interpreting ) Tj ET Q q 0 0 0 rg BT 304.14 296.25 Td (such ) Tj ET Q q 0 0 0 rg BT 324.97 296.25 Td (information.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 272.25 Td (Data ) Tj ET Q q 0 0 0 rg BT 106.99 272.25 Td (used ) Tj ET Q q 0 0 0 rg BT 127.93 272.25 Td (in ) Tj ET Q q 0 0 0 rg BT 138.31 272.25 Td (this ) Tj ET Q q 0 0 0 rg BT 155.37 272.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 199.63 272.25 Td (were ) Tj ET Q q 0 0 0 rg BT 221.67 272.25 Td (obtained ) Tj ET Q q 0 0 0 rg BT 258.72 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 280.76 272.25 Td (reviews ) Tj ET Q q 0 0 0 rg BT 314.47 272.25 Td (with ) Tj ET Q q 0 0 0 rg BT 334.86 272.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 372.46 272.25 Td (personnel, ) Tj ET Q q 0 0 0 rg BT 416.45 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 438.50 272.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 476.10 272.25 Td (files, ) Tj ET Q q 0 0 0 rg BT 498.42 272.25 Td (from ) Tj ET Q q 0 0 0 rg BT 520.47 272.25 Td (records ) Tj ET Q q 0 0 0 rg BT 552.51 272.25 Td (on ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.25 Td (file ) Tj ET Q q 0 0 0 rg BT 65.76 260.25 Td (with ) Tj ET Q q 0 0 0 rg BT 86.47 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 101.61 260.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 150.08 260.25 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 194.10 260.25 Td (agencies, ) Tj ET Q q 0 0 0 rg BT 233.96 260.25 Td (and ) Tj ET Q q 0 0 0 rg BT 251.33 260.25 Td (from ) Tj ET Q q 0 0 0 rg BT 273.70 260.25 Td (public ) Tj ET Q q 0 0 0 rg BT 301.62 260.25 Td (sources. ) Tj ET Q q 0 0 0 rg BT 337.04 260.25 Td (In ) Tj ET Q q 0 0 0 rg BT 348.31 260.25 Td (the ) Tj ET Q q 0 0 0 rg BT 363.45 260.25 Td (preparation ) Tj ET Q q 0 0 0 rg BT 411.92 260.25 Td (of ) Tj ET Q q 0 0 0 rg BT 423.18 260.25 Td (this ) Tj ET Q q 0 0 0 rg BT 440.56 260.25 Td (report ) Tj ET Q q 0 0 0 rg BT 467.37 260.25 Td (we ) Tj ET Q q 0 0 0 rg BT 481.96 260.25 Td (have ) Tj ET Q q 0 0 0 rg BT 503.76 260.25 Td (relied, ) Tj ET Q q 0 0 0 rg BT 531.96 260.25 Td (without ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.25 Td (independent ) Tj ET Q q 0 0 0 rg BT 101.21 248.25 Td (verification, ) Tj ET Q q 0 0 0 rg BT 152.64 248.25 Td (upon ) Tj ET Q q 0 0 0 rg BT 175.48 248.25 Td (such ) Tj ET Q q 0 0 0 rg BT 196.64 248.25 Td (information ) Tj ET Q q 0 0 0 rg BT 246.69 248.25 Td (furnished ) Tj ET Q q 0 0 0 rg BT 287.30 248.25 Td (by ) Tj ET Q q 0 0 0 rg BT 300.14 248.25 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 337.97 248.25 Td (with ) Tj ET Q q 0 0 0 rg BT 358.59 248.25 Td (respect ) Tj ET Q q 0 0 0 rg BT 389.74 248.25 Td (to ) Tj ET Q q 0 0 0 rg BT 400.36 248.25 Td (property ) Tj ET Q q 0 0 0 rg BT 437.07 248.25 Td (interests, ) Tj ET Q q 0 0 0 rg BT 475.73 248.25 Td (production ) Tj ET Q q 0 0 0 rg BT 521.90 248.25 Td (from ) Tj ET Q q 0 0 0 rg BT 544.18 248.25 Td (such ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.25 Td (properties, ) Tj ET Q q 0 0 0 rg BT 94.95 236.25 Td (current ) Tj ET Q q 0 0 0 rg BT 126.22 236.25 Td (costs ) Tj ET Q q 0 0 0 rg BT 149.18 236.25 Td (of ) Tj ET Q q 0 0 0 rg BT 160.47 236.25 Td (operation ) Tj ET Q q 0 0 0 rg BT 201.20 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 218.60 236.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 275.71 236.25 Td (current ) Tj ET Q q 0 0 0 rg BT 306.98 236.25 Td (prices ) Tj ET Q q 0 0 0 rg BT 333.82 236.25 Td (for ) Tj ET Q q 0 0 0 rg BT 348.44 236.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 397.23 236.25 Td (agreements ) Tj ET Q q 0 0 0 rg BT 445.72 236.25 Td (relating ) Tj ET Q q 0 0 0 rg BT 479.22 236.25 Td (to ) Tj ET Q q 0 0 0 rg BT 489.96 236.25 Td (current ) Tj ET Q q 0 0 0 rg BT 521.24 236.25 Td (and ) Tj ET Q q 0 0 0 rg BT 538.63 236.25 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.25 Td (operations ) Tj ET Q q 0 0 0 rg BT 93.62 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 110.52 224.25 Td (sale ) Tj ET Q q 0 0 0 rg BT 128.52 224.25 Td (of ) Tj ET Q q 0 0 0 rg BT 139.31 224.25 Td (production, ) Tj ET Q q 0 0 0 rg BT 187.60 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 204.50 224.25 Td (various ) Tj ET Q q 0 0 0 rg BT 236.40 224.25 Td (other ) Tj ET Q q 0 0 0 rg BT 259.41 224.25 Td (information ) Tj ET Q q 0 0 0 rg BT 309.08 224.25 Td (and ) Tj ET Q q 0 0 0 rg BT 325.98 224.25 Td (data ) Tj ET Q q 0 0 0 rg BT 345.10 224.25 Td (that ) Tj ET Q q 0 0 0 rg BT 362.55 224.25 Td (were ) Tj ET Q q 0 0 0 rg BT 384.44 224.25 Td (accepted ) Tj ET Q q 0 0 0 rg BT 421.87 224.25 Td (as ) Tj ET Q q 0 0 0 rg BT 432.66 224.25 Td (represented. ) Tj ET Q q 0 0 0 rg BT 483.17 224.25 Td (A) Tj ET Q q 0 0 0 rg BT 489.84 224.25 Td ( ) Tj ET Q q 0 0 0 rg BT 492.30 224.25 Td (field ) Tj ET Q q 0 0 0 rg BT 513.08 224.25 Td (examination ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 212.25 Td (properties ) Tj ET Q q 0 0 0 rg BT 117.53 212.25 Td (was ) Tj ET Q q 0 0 0 rg BT 135.58 212.25 Td (not ) Tj ET Q q 0 0 0 rg BT 150.86 212.25 Td (considered ) Tj ET Q q 0 0 0 rg BT 196.68 212.25 Td (necessary ) Tj ET Q q 0 0 0 rg BT 238.04 212.25 Td (for ) Tj ET Q q 0 0 0 rg BT 252.21 212.25 Td (the ) Tj ET Q q 0 0 0 rg BT 266.92 212.25 Td (purposes ) Tj ET Q q 0 0 0 rg BT 304.97 212.25 Td (of ) Tj ET Q q 0 0 0 rg BT 315.80 212.25 Td (this ) Tj ET Q q 0 0 0 rg BT 332.75 212.25 Td (report.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 186.68505859375 m 174.685546875 186.68505859375 l s q 0 0 0 rg BT 49.50 188.25 Td (Methodology ) Tj ET Q q 0 0 0 rg BT 108.11 188.25 Td (and ) Tj ET Q q 0 0 0 rg BT 126.73 188.25 Td (Pr) Tj ET Q q 0 0 0 rg BT 137.10 188.25 Td (ocedur) Tj ET Q q 0 0 0 rg BT 166.36 188.25 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 164.25 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 126.42 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 136.78 164.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 171.58 164.25 Td (were ) Tj ET Q q 0 0 0 rg BT 193.04 164.25 Td (prepared ) Tj ET Q q 0 0 0 rg BT 230.05 164.25 Td (by ) Tj ET Q q 0 0 0 rg BT 242.09 164.25 Td (the ) Tj ET Q q 0 0 0 rg BT 256.34 164.25 Td (use ) Tj ET Q q 0 0 0 rg BT 271.70 164.25 Td (of ) Tj ET Q q 0 0 0 rg BT 282.07 164.25 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 329.64 164.25 Td (geologic, ) Tj ET Q q 0 0 0 rg BT 368.60 164.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 411.18 164.25 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 462.92 164.25 Td (and ) Tj ET Q q 0 0 0 rg BT 479.39 164.25 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 523.08 164.25 Td (principles ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 152.25 Td (and ) Tj ET Q q 0 0 0 rg BT 65.85 152.25 Td (techniques ) Tj ET Q q 0 0 0 rg BT 110.52 152.25 Td (that ) Tj ET Q q 0 0 0 rg BT 127.42 152.25 Td (are ) Tj ET Q q 0 0 0 rg BT 141.53 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 151.22 152.25 Td (accordance ) Tj ET Q q 0 0 0 rg BT 198.08 152.25 Td (with ) Tj ET Q q 0 0 0 rg BT 217.77 152.25 Td (practices ) Tj ET Q q 0 0 0 rg BT 255.21 152.25 Td (generally ) Tj ET Q q 0 0 0 rg BT 294.32 152.25 Td (recognized ) Tj ET Q q 0 0 0 rg BT 340.09 152.25 Td (by ) Tj ET Q q 0 0 0 rg BT 351.99 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 366.12 152.25 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 408.56 152.25 Td (industry ) Tj ET Q q 0 0 0 rg BT 443.25 152.25 Td (as ) Tj ET Q q 0 0 0 rg BT 453.49 152.25 Td (presented ) Tj ET Q q 0 0 0 rg BT 493.71 152.25 Td (in ) Tj ET Q q 0 0 0 rg BT 503.39 152.25 Td (the ) Tj ET Q q 0 0 0 rg BT 517.52 152.25 Td (publication ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 61.09 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 76.56 140.25 Td (Society ) Tj ET Q q 0 0 0 rg BT 109.81 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 121.40 140.25 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 165.76 140.25 Td (Engineers ) Tj ET Q q 0 0 0 rg BT 209.00 140.25 Td (entitled ) Tj ET Q q 0 0 0 rg BT 242.25 140.25 Td ("Standards ) Tj ET Q q 0 0 0 rg BT 289.03 140.25 Td (Pertaining ) Tj ET Q q 0 0 0 rg BT 333.39 140.25 Td (to ) Tj ET Q q 0 0 0 rg BT 344.42 140.25 Td (the ) Tj ET Q q 0 0 0 rg BT 359.90 140.25 Td (Estimating ) Tj ET Q q 0 0 0 rg BT 406.48 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 423.46 140.25 Td (Auditing ) Tj ET Q q 0 0 0 rg BT 462.27 140.25 Td (of ) Tj ET Q q 0 0 0 rg BT 473.86 140.25 Td (Oil ) Tj ET Q q 0 0 0 rg BT 489.89 140.25 Td (and ) Tj ET Q q 0 0 0 rg BT 507.59 140.25 Td (Gas ) Tj ET Q q 0 0 0 rg BT 526.40 140.25 Td (Reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 128.25 Td (Information ) Tj ET Q q 0 0 0 rg BT 100.03 128.25 Td (\(Revision ) Tj ET Q q 0 0 0 rg BT 141.69 128.25 Td (as ) Tj ET Q q 0 0 0 rg BT 152.78 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 163.88 128.25 Td (February ) Tj ET Q q 0 0 0 rg BT 202.75 128.25 Td (19, ) Tj ET Q q 0 0 0 rg BT 218.01 128.25 Td (2007\)." ) Tj ET Q q 0 0 0 rg BT 250.49 128.25 Td (The ) Tj ET Q q 0 0 0 rg BT 268.81 128.25 Td (method ) Tj ET Q q 0 0 0 rg BT 301.57 128.25 Td (or ) Tj ET Q q 0 0 0 rg BT 312.67 128.25 Td (combination ) Tj ET Q q 0 0 0 rg BT 365.43 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 376.52 128.25 Td (methods ) Tj ET Q q 0 0 0 rg BT 413.18 128.25 Td (used ) Tj ET Q q 0 0 0 rg BT 434.28 128.25 Td (in ) Tj ET Q q 0 0 0 rg BT 444.82 128.25 Td (the ) Tj ET Q q 0 0 0 rg BT 459.81 128.25 Td (analysis ) Tj ET Q q 0 0 0 rg BT 494.79 128.25 Td (of ) Tj ET Q q 0 0 0 rg BT 505.89 128.25 Td (each ) Tj ET Q q 0 0 0 rg BT 526.97 128.25 Td (reservoir ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 116.25 Td (was ) Tj ET Q q 0 0 0 rg BT 67.09 116.25 Td (tempered ) Tj ET Q q 0 0 0 rg BT 106.32 116.25 Td (by ) Tj ET Q q 0 0 0 rg BT 118.35 116.25 Td (experience ) Tj ET Q q 0 0 0 rg BT 163.69 116.25 Td (with ) Tj ET Q q 0 0 0 rg BT 183.50 116.25 Td (similar ) Tj ET Q q 0 0 0 rg BT 213.31 116.25 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 257.27 116.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 279.85 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 290.22 116.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 346.40 116.25 Td (quality ) Tj ET Q q 0 0 0 rg BT 376.21 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 392.68 116.25 Td (completeness ) Tj ET Q q 0 0 0 rg BT 448.58 116.25 Td (of ) Tj ET Q q 0 0 0 rg BT 458.95 116.25 Td (basic ) Tj ET Q q 0 0 0 rg BT 481.53 116.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 502.72 116.25 Td (and ) Tj ET Q q 0 0 0 rg BT 519.19 116.25 Td (production ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 104.25 Td (history) Tj ET Q q 0 0 0 rg BT 76.63 104.25 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 80.25 Td (Based ) Tj ET Q q 0 0 0 rg BT 112.40 80.25 Td (on ) Tj ET Q q 0 0 0 rg BT 124.87 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 139.55 80.25 Td (current ) Tj ET Q q 0 0 0 rg BT 170.33 80.25 Td (stage ) Tj ET Q q 0 0 0 rg BT 193.34 80.25 Td (of ) Tj ET Q q 0 0 0 rg BT 204.14 80.25 Td (field ) Tj ET Q q 0 0 0 rg BT 224.93 80.25 Td (development, ) Tj ET Q q 0 0 0 rg BT 281.54 80.25 Td (production ) Tj ET Q q 0 0 0 rg BT 327.33 80.25 Td (performance, ) Tj ET Q q 0 0 0 rg BT 382.82 80.25 Td (the ) Tj ET Q q 0 0 0 rg BT 397.50 80.25 Td (development ) Tj ET Q q 0 0 0 rg BT 451.62 80.25 Td (plans ) Tj ET Q q 0 0 0 rg BT 475.19 80.25 Td (provided ) Tj ET Q q 0 0 0 rg BT 513.20 80.25 Td (by ) Tj ET Q q 0 0 0 rg BT 525.67 80.25 Td (Denbury) Tj ET Q q 0 0 0 rg BT 560.01 80.25 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 68.25 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 68.25 Td (the ) Tj ET Q q 0 0 0 rg BT 81.16 68.25 Td (analyses ) Tj ET Q q 0 0 0 rg BT 117.53 68.25 Td (of ) Tj ET Q q 0 0 0 rg BT 128.36 68.25 Td (areas ) Tj ET Q q 0 0 0 rg BT 151.40 68.25 Td (of) Tj ET Q q 0 0 0 rg BT 159.55 68.25 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 192.04 68.25 Td (existing ) Tj ET Q q 0 0 0 rg BT 226.21 68.25 Td (wells ) Tj ET Q q 0 0 0 rg BT 249.82 68.25 Td (with ) Tj ET Q q 0 0 0 rg BT 270.10 68.25 Td (test ) Tj ET Q q 0 0 0 rg BT 286.48 68.25 Td (or ) Tj ET Q q 0 0 0 rg BT 297.31 68.25 Td (production ) Tj ET Q q 0 0 0 rg BT 343.14 68.25 Td (data, ) Tj ET Q q 0 0 0 rg BT 364.79 68.25 Td (reserves ) Tj ET Q q 0 0 0 rg BT 400.05 68.25 Td (were ) Tj ET Q q 0 0 0 rg BT 421.98 68.25 Td (classified ) Tj ET Q q 0 0 0 rg BT 462.24 68.25 Td (as ) Tj ET Q q 0 0 0 rg BT 473.07 68.25 Td (proved.) Tj ET Q endstream endobj 323 0 obj <> endobj 324 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (When ) Tj ET Q q 0 0 0 rg BT 112.40 740.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 159.01 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 174.25 740.10 Td (volumetric ) Tj ET Q q 0 0 0 rg BT 220.59 740.10 Td (method ) Tj ET Q q 0 0 0 rg BT 253.61 740.10 Td (was ) Tj ET Q q 0 0 0 rg BT 272.18 740.10 Td (used ) Tj ET Q q 0 0 0 rg BT 293.54 740.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.34 740.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 340.68 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 355.92 740.10 Td (original ) Tj ET Q q 0 0 0 rg BT 390.05 740.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 403.63 740.10 Td (in ) Tj ET Q q 0 0 0 rg BT 414.43 740.10 Td (place ) Tj ET Q q 0 0 0 rg BT 438.54 740.10 Td (\(OOIP\) ) Tj ET Q q 0 0 0 rg BT 471.56 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 489.02 740.10 Td (the ) Tj ET Q q 0 0 0 rg BT 504.26 740.10 Td (original ) Tj ET Q q 0 0 0 rg BT 538.39 740.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 554.74 740.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 728.10 Td (place ) Tj ET Q q 0 0 0 rg BT 72.94 728.10 Td (\(OGIP\). ) Tj ET Q q 0 0 0 rg BT 107.79 728.10 Td (Structure ) Tj ET Q q 0 0 0 rg BT 146.80 728.10 Td (and ) Tj ET Q q 0 0 0 rg BT 163.59 728.10 Td (isopach ) Tj ET Q q 0 0 0 rg BT 196.48 728.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 219.94 728.10 Td (were ) Tj ET Q q 0 0 0 rg BT 241.72 728.10 Td (constructed ) Tj ET Q q 0 0 0 rg BT 290.17 728.10 Td (to ) Tj ET Q q 0 0 0 rg BT 300.30 728.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 335.97 728.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 373.86 728.10 Td (volume. ) Tj ET Q q 0 0 0 rg BT 408.70 728.10 Td (Electrical ) Tj ET Q q 0 0 0 rg BT 449.36 728.10 Td (logs, ) Tj ET Q q 0 0 0 rg BT 470.88 728.10 Td (radioactivity ) Tj ET Q q 0 0 0 rg BT 523.77 728.10 Td (logs, ) Tj ET Q q 0 0 0 rg BT 545.29 728.10 Td (core ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 716.10 Td (analyses, ) Tj ET Q q 0 0 0 rg BT 88.69 716.10 Td (and ) Tj ET Q q 0 0 0 rg BT 105.94 716.10 Td (other ) Tj ET Q q 0 0 0 rg BT 129.30 716.10 Td (available ) Tj ET Q q 0 0 0 rg BT 168.20 716.10 Td (data ) Tj ET Q q 0 0 0 rg BT 187.67 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 209.91 716.10 Td (used ) Tj ET Q q 0 0 0 rg BT 231.05 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 241.64 716.10 Td (prepare ) Tj ET Q q 0 0 0 rg BT 274.43 716.10 Td (these ) Tj ET Q q 0 0 0 rg BT 297.79 716.10 Td (maps ) Tj ET Q q 0 0 0 rg BT 321.71 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 332.85 716.10 Td (well ) Tj ET Q q 0 0 0 rg BT 352.88 716.10 Td (as ) Tj ET Q q 0 0 0 rg BT 364.03 716.10 Td (to ) Tj ET Q q 0 0 0 rg BT 374.62 716.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 410.75 716.10 Td (representative ) Tj ET Q q 0 0 0 rg BT 469.64 716.10 Td (values ) Tj ET Q q 0 0 0 rg BT 498.00 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 512.47 716.10 Td (porosity ) Tj ET Q q 0 0 0 rg BT 548.06 716.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 704.10 Td (water ) Tj ET Q q 0 0 0 rg BT 74.64 704.10 Td (saturation. ) Tj ET Q q 0 0 0 rg BT 119.30 704.10 Td (When ) Tj ET Q q 0 0 0 rg BT 146.11 704.10 Td (adequate ) Tj ET Q q 0 0 0 rg BT 184.57 704.10 Td (data ) Tj ET Q q 0 0 0 rg BT 204.16 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 226.52 704.10 Td (available ) Tj ET Q q 0 0 0 rg BT 265.55 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 282.92 704.10 Td (when ) Tj ET Q q 0 0 0 rg BT 307.51 704.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 367.09 704.10 Td (justified, ) Tj ET Q q 0 0 0 rg BT 405.29 704.10 Td (material ) Tj ET Q q 0 0 0 rg BT 440.98 704.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 474.45 704.10 Td (and ) Tj ET Q q 0 0 0 rg BT 491.82 704.10 Td (other ) Tj ET Q q 0 0 0 rg BT 515.30 704.10 Td (engineering ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 692.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 85.89 692.10 Td (were ) Tj ET Q q 0 0 0 rg BT 107.82 692.10 Td (used ) Tj ET Q q 0 0 0 rg BT 128.65 692.10 Td (to ) Tj ET Q q 0 0 0 rg BT 138.92 692.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 174.74 692.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 197.71 692.10 Td ( ) Tj ET Q q 0 0 0 rg BT 200.21 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 211.04 692.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 233.26 692.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 127.07 668.10 Td (of ) Tj ET Q q 0 0 0 rg BT 138.09 668.10 Td (ultimate ) Tj ET Q q 0 0 0 rg BT 173.55 668.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 211.21 668.10 Td (were ) Tj ET Q q 0 0 0 rg BT 233.33 668.10 Td (obtained ) Tj ET Q q 0 0 0 rg BT 270.46 668.10 Td (after ) Tj ET Q q 0 0 0 rg BT 291.46 668.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 329.14 668.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 366.81 668.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 396.71 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 407.17 668.10 Td (OOIP) Tj ET Q q 0 0 0 rg BT 430.14 668.10 Td ( ) Tj ET Q q 0 0 0 rg BT 432.83 668.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.85 668.10 Td (OGIP) Tj ET Q q 0 0 0 rg BT 466.07 668.10 Td (. ) Tj ET Q q 0 0 0 rg BT 471.07 668.10 Td (These ) Tj ET Q q 0 0 0 rg BT 497.63 668.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 535.30 668.10 Td (factors ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (were ) Tj ET Q q 0 0 0 rg BT 71.29 656.10 Td (based ) Tj ET Q q 0 0 0 rg BT 96.42 656.10 Td (on ) Tj ET Q q 0 0 0 rg BT 108.78 656.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 165.02 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 175.71 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 190.29 656.10 Td (type ) Tj ET Q q 0 0 0 rg BT 209.87 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.56 656.10 Td (ener) Tj ET Q q 0 0 0 rg BT 237.59 656.10 Td (gy ) Tj ET Q q 0 0 0 rg BT 249.95 656.10 Td (inherent ) Tj ET Q q 0 0 0 rg BT 285.08 656.10 Td (in ) Tj ET Q q 0 0 0 rg BT 295.22 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 309.80 656.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 354.09 656.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 390.33 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 401.02 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.60 656.10 Td (petroleum, ) Tj ET Q q 0 0 0 rg BT 461.00 656.10 Td (the ) Tj ET Q q 0 0 0 rg BT 475.58 656.10 Td (structural ) Tj ET Q q 0 0 0 rg BT 515.71 656.10 Td (positions ) Tj ET Q q 0 0 0 rg BT 554.19 656.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 63.27 644.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 107.30 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 123.29 644.10 Td (the ) Tj ET Q q 0 0 0 rg BT 137.06 644.10 Td (production ) Tj ET Q q 0 0 0 rg BT 181.93 644.10 Td (histories. ) Tj ET Q q 0 0 0 rg BT 219.76 644.10 Td (When ) Tj ET Q q 0 0 0 rg BT 245.19 644.10 Td (applicable, ) Tj ET Q q 0 0 0 rg BT 290.33 644.10 Td (material ) Tj ET Q q 0 0 0 rg BT 324.63 644.10 Td (balance ) Tj ET Q q 0 0 0 rg BT 356.72 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 372.71 644.10 Td (other ) Tj ET Q q 0 0 0 rg BT 394.80 644.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 443.56 644.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 478.99 644.10 Td (were ) Tj ET Q q 0 0 0 rg BT 499.97 644.10 Td (used ) Tj ET Q q 0 0 0 rg BT 519.85 644.10 Td (to ) Tj ET Q q 0 0 0 rg BT 529.18 644.10 Td (estimate ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 87.18 632.10 Td (factors. ) Tj ET Q q 0 0 0 rg BT 119.00 632.10 Td (An ) Tj ET Q q 0 0 0 rg BT 133.92 632.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 168.84 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 179.88 632.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 218.12 632.10 Td (performance, ) Tj ET Q q 0 0 0 rg BT 273.85 632.10 Td (including ) Tj ET Q q 0 0 0 rg BT 314.33 632.10 Td (production ) Tj ET Q q 0 0 0 rg BT 360.36 632.10 Td (rate, ) Tj ET Q q 0 0 0 rg BT 380.55 632.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 418.79 632.10 Td (pressure, ) Tj ET Q q 0 0 0 rg BT 457.32 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 474.46 632.10 Td (gas-oil ) Tj ET Q q 0 0 0 rg BT 504.38 632.10 Td (ratio ) Tj ET Q q 0 0 0 rg BT 525.41 632.10 Td (behavior) Tj ET Q q 0 0 0 rg BT 560.00 632.10 Td (, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (was ) Tj ET Q q 0 0 0 rg BT 67.55 620.10 Td (used ) Tj ET Q q 0 0 0 rg BT 88.38 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 98.66 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 113.38 620.10 Td (estimation ) Tj ET Q q 0 0 0 rg BT 157.54 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 168.37 620.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 596.10 Td (For ) Tj ET Q q 0 0 0 rg BT 102.06 596.10 Td (depletion-type ) Tj ET Q q 0 0 0 rg BT 162.48 596.10 Td (reservoirs ) Tj ET Q q 0 0 0 rg BT 204.57 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 215.56 596.10 Td (those ) Tj ET Q q 0 0 0 rg BT 239.34 596.10 Td (whose ) Tj ET Q q 0 0 0 rg BT 267.55 596.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 320.74 596.10 Td (disclosed ) Tj ET Q q 0 0 0 rg BT 360.62 596.10 Td (a ) Tj ET Q q 0 0 0 rg BT 367.72 596.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 400.36 596.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 431.90 596.10 Td (in ) Tj ET Q q 0 0 0 rg BT 442.34 596.10 Td (producing-rate ) Tj ET Q q 0 0 0 rg BT 503.87 596.10 Td (trends ) Tj ET Q q 0 0 0 rg BT 530.97 596.10 Td (or ) Tj ET Q q 0 0 0 rg BT 541.96 596.10 Td (other ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 584.10 Td (diagnostic ) Tj ET Q q 0 0 0 rg BT 95.38 584.10 Td (characteristics, ) Tj ET Q q 0 0 0 rg BT 159.84 584.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 197.37 584.10 Td (were ) Tj ET Q q 0 0 0 rg BT 221.57 584.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 264.66 584.10 Td (by ) Tj ET Q q 0 0 0 rg BT 279.44 584.10 Td (the ) Tj ET Q q 0 0 0 rg BT 296.43 584.10 Td (application ) Tj ET Q q 0 0 0 rg BT 345.63 584.10 Td (of ) Tj ET Q q 0 0 0 rg BT 358.73 584.10 Td (appropriate ) Tj ET Q q 0 0 0 rg BT 409.04 584.10 Td (decline ) Tj ET Q q 0 0 0 rg BT 442.68 584.10 Td (curves ) Tj ET Q q 0 0 0 rg BT 473.55 584.10 Td (or ) Tj ET Q q 0 0 0 rg BT 486.66 584.10 Td (other ) Tj ET Q q 0 0 0 rg BT 511.98 584.10 Td (performance ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 572.10 Td (relationships. ) Tj ET Q q 0 0 0 rg BT 105.61 572.10 Td (In ) Tj ET Q q 0 0 0 rg BT 116.45 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 131.17 572.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 167.55 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.39 572.10 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 256.42 572.10 Td (curves, ) Tj ET Q q 0 0 0 rg BT 287.53 572.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 322.79 572.10 Td (were ) Tj ET Q q 0 0 0 rg BT 344.73 572.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 385.55 572.10 Td (only ) Tj ET Q q 0 0 0 rg BT 405.84 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 416.12 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 430.85 572.10 Td (limits ) Tj ET Q q 0 0 0 rg BT 456.14 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 466.97 572.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 508.35 572.10 Td (production ) Tj ET Q q 0 0 0 rg BT 554.18 572.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.78 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 74.50 560.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 95.89 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 106.72 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 121.43 560.10 Td (production ) Tj ET Q q 0 0 0 rg BT 167.26 560.10 Td (licenses ) Tj ET Q q 0 0 0 rg BT 201.41 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 212.24 560.10 Td (appropriate.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 536.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 102.91 536.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 137.52 536.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 177.69 536.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 204.53 536.10 Td (are ) Tj ET Q q 0 0 0 rg BT 218.60 536.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 259.88 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 270.06 536.10 Td (sales ) Tj ET Q q 0 0 0 rg BT 291.36 536.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 309.04 536.10 Td (Sales ) Tj ET Q q 0 0 0 rg BT 332.00 536.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 347.19 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 355.71 536.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 387.55 536.10 Td (as ) Tj ET Q q 0 0 0 rg BT 397.74 536.10 Td (that ) Tj ET Q q 0 0 0 rg BT 414.59 536.10 Td (portion ) Tj ET Q q 0 0 0 rg BT 445.33 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.51 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 469.58 536.10 Td (total ) Tj ET Q q 0 0 0 rg BT 489.21 536.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 504.40 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 514.03 536.10 Td (be ) Tj ET Q q 0 0 0 rg BT 525.32 536.10 Td (delivered ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (into ) Tj ET Q q 0 0 0 rg BT 67.49 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 74.35 524.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 90.11 524.10 Td (pipeline ) Tj ET Q q 0 0 0 rg BT 124.75 524.10 Td (for ) Tj ET Q q 0 0 0 rg BT 138.84 524.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 156.82 524.10 Td (after ) Tj ET Q q 0 0 0 rg BT 177.56 524.10 Td (field ) Tj ET Q q 0 0 0 rg BT 198.32 524.10 Td (separation, ) Tj ET Q q 0 0 0 rg BT 244.34 524.10 Td (processing, ) Tj ET Q q 0 0 0 rg BT 292.04 524.10 Td (fuel ) Tj ET Q q 0 0 0 rg BT 310.02 524.10 Td (use, ) Tj ET Q q 0 0 0 rg BT 328.27 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 345.14 524.10 Td (flare. ) Tj ET Q q 0 0 0 rg BT 368.39 524.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 386.37 524.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 421.56 524.10 Td (are ) Tj ET Q q 0 0 0 rg BT 436.19 524.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 478.05 524.10 Td (at ) Tj ET Q q 0 0 0 rg BT 487.70 524.10 Td (a ) Tj ET Q q 0 0 0 rg BT 494.56 524.10 Td (temperature ) Tj ET Q q 0 0 0 rg BT 544.74 524.10 Td (base ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.39 512.10 Td (60 ) Tj ET Q q 0 0 0 rg BT 72.95 512.10 Td (degrees ) Tj ET Q q 0 0 0 rg BT 106.05 512.10 Td (Fahrenheit ) Tj ET Q q 0 0 0 rg BT 151.38 512.10 Td (\(F\) ) Tj ET Q q 0 0 0 rg BT 170.16 512.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.16 512.10 Td (at ) Tj ET Q q 0 0 0 rg BT 196.93 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 211.71 512.10 Td (pressure ) Tj ET Q q 0 0 0 rg BT 247.59 512.10 Td (base ) Tj ET Q q 0 0 0 rg BT 267.92 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.81 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 293.59 512.10 Td (state ) Tj ET Q q 0 0 0 rg BT 314.48 512.10 Td (or ) Tj ET Q q 0 0 0 rg BT 325.37 512.10 Td (area ) Tj ET Q q 0 0 0 rg BT 344.58 512.10 Td (in ) Tj ET Q q 0 0 0 rg BT 354.92 512.10 Td (which ) Tj ET Q q 0 0 0 rg BT 381.91 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 396.69 512.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 428.69 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 437.92 512.10 Td (located. ) Tj ET Q q 0 0 0 rg BT 471.85 512.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 489.96 512.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 525.28 512.10 Td (estimates ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (included ) Tj ET Q q 0 0 0 rg BT 87.22 500.10 Td (therein ) Tj ET Q q 0 0 0 rg BT 118.26 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 133.75 500.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 176.46 500.10 Td (in ) Tj ET Q q 0 0 0 rg BT 187.52 500.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 230.81 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 242.42 500.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 267.36 500.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 285.63 500.10 Td (\(Mcf\). ) Tj ET Q q 0 0 0 rg BT 314.73 500.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 330.79 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 348.51 500.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 396.22 500.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 432.26 500.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 473.86 500.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 502.13 500.10 Td (are ) Tj ET Q q 0 0 0 rg BT 517.62 500.10 Td (those ) Tj ET Q q 0 0 0 rg BT 542.01 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 500.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 91.58 488.10 Td (by ) Tj ET Q q 0 0 0 rg BT 104.26 488.10 Td (conventional ) Tj ET Q q 0 0 0 rg BT 158.58 488.10 Td (lease ) Tj ET Q q 0 0 0 rg BT 181.23 488.10 Td (separation. ) Tj ET Q q 0 0 0 rg BT 227.50 488.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 247.68 488.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.35 488.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 285.78 488.10 Td (are ) Tj ET Q q 0 0 0 rg BT 300.66 488.10 Td (those ) Tj ET Q q 0 0 0 rg BT 324.44 488.10 Td (attributed ) Tj ET Q q 0 0 0 rg BT 365.43 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 375.88 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 390.76 488.10 Td (leasehold ) Tj ET Q q 0 0 0 rg BT 431.20 488.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 467.20 488.10 Td (according ) Tj ET Q q 0 0 0 rg BT 509.29 488.10 Td (to ) Tj ET Q q 0 0 0 rg BT 519.74 488.10 Td (processing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (agreements. ) Tj ET Q q 0 0 0 rg BT 98.92 476.10 Td (Estimates ) Tj ET Q q 0 0 0 rg BT 139.19 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 148.90 476.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 163.34 476.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 209.15 476.10 Td (and ) Tj ET Q q 0 0 0 rg BT 224.98 476.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 245.16 476.10 Td ( ) Tj ET Q q 0 0 0 rg BT 246.54 476.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 280.69 476.10 Td (included ) Tj ET Q q 0 0 0 rg BT 316.51 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 325.67 476.10 Td (this ) Tj ET Q q 0 0 0 rg BT 341.51 476.10 Td (report ) Tj ET Q q 0 0 0 rg BT 366.77 476.10 Td (are ) Tj ET Q q 0 0 0 rg BT 380.36 476.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 421.18 476.10 Td (in ) Tj ET Q q 0 0 0 rg BT 430.34 476.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 453.94 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 463.66 476.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 492.25 476.10 Td (\(bbl\) ) Tj ET Q q 0 0 0 rg BT 513.08 476.10 Td (representing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (42 ) Tj ET Q q 0 0 0 rg BT 62.30 464.10 Td (United ) Tj ET Q q 0 0 0 rg BT 92.32 464.10 Td (States ) Tj ET Q q 0 0 0 rg BT 119.00 464.10 Td (gallons ) Tj ET Q q 0 0 0 rg BT 150.69 464.10 Td (per ) Tj ET Q q 0 0 0 rg BT 166.26 464.10 Td (barrel. ) Tj ET Q q 0 0 0 rg BT 194.88 464.10 Td (For ) Tj ET Q q 0 0 0 rg BT 211.57 464.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 251.02 464.10 Td (purposes, ) Tj ET Q q 0 0 0 rg BT 291.88 464.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 305.23 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 322.47 464.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 369.70 464.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 405.25 464.10 Td (have ) Tj ET Q q 0 0 0 rg BT 426.93 464.10 Td (been ) Tj ET Q q 0 0 0 rg BT 448.61 464.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 489.73 464.10 Td (separately ) Tj ET Q q 0 0 0 rg BT 533.06 464.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.30 464.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 90.32 452.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 117.80 452.10 Td (as ) Tj ET Q q 0 0 0 rg BT 128.63 452.10 Td (a ) Tj ET Q q 0 0 0 rg BT 135.57 452.10 Td (summed ) Tj ET Q q 0 0 0 rg BT 171.96 452.10 Td (quantity) Tj ET Q q 0 0 0 rg BT 204.08 452.10 Td (.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 426.53505859375 m 143.3671875 426.53505859375 l s q 0 0 0 rg BT 49.50 428.10 Td (Definition ) Tj ET Q q 0 0 0 rg BT 94.78 428.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.61 428.10 Td (Reserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 404.10 Td (Petroleum ) Tj ET Q q 0 0 0 rg BT 129.33 404.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 164.82 404.10 Td (included ) Tj ET Q q 0 0 0 rg BT 201.98 404.10 Td (in ) Tj ET Q q 0 0 0 rg BT 212.49 404.10 Td (this ) Tj ET Q q 0 0 0 rg BT 229.67 404.10 Td (report ) Tj ET Q q 0 0 0 rg BT 256.27 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 271.21 404.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 311.70 404.10 Td (by ) Tj ET Q q 0 0 0 rg BT 324.43 404.10 Td (degree ) Tj ET Q q 0 0 0 rg BT 353.80 404.10 Td (of ) Tj ET Q q 0 0 0 rg BT 364.86 404.10 Td (proof ) Tj ET Q q 0 0 0 rg BT 389.25 404.10 Td (as ) Tj ET Q q 0 0 0 rg BT 400.31 404.10 Td (proved. ) Tj ET Q q 0 0 0 rg BT 433.30 404.10 Td (Only ) Tj ET Q q 0 0 0 rg BT 456.03 404.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 486.53 404.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 522.02 404.10 Td (have ) Tj ET Q q 0 0 0 rg BT 543.62 404.10 Td (been ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 90.19 392.10 Td (for ) Tj ET Q q 0 0 0 rg BT 104.22 392.10 Td (this ) Tj ET Q q 0 0 0 rg BT 121.04 392.10 Td (report. ) Tj ET Q q 0 0 0 rg BT 149.79 392.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 188.27 392.10 Td (classifications ) Tj ET Q q 0 0 0 rg BT 247.29 392.10 Td (used ) Tj ET Q q 0 0 0 rg BT 268.00 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 278.15 392.10 Td (this ) Tj ET Q q 0 0 0 rg BT 294.97 392.10 Td (report ) Tj ET Q q 0 0 0 rg BT 321.22 392.10 Td (are ) Tj ET Q q 0 0 0 rg BT 335.81 392.10 Td (in ) Tj ET Q q 0 0 0 rg BT 345.96 392.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 393.29 392.10 Td (with ) Tj ET Q q 0 0 0 rg BT 413.45 392.10 Td (the ) Tj ET Q q 0 0 0 rg BT 428.04 392.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 463.17 392.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 508.32 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 519.02 392.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 544.18 392.10 Td (4-10) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 380.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 62.21 380.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 95.48 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 105.43 380.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 150.93 380.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 168.66 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 178.60 380.10 Td (the ) Tj ET Q q 0 0 0 rg BT 192.43 380.10 Td (SEC. ) Tj ET Q q 0 0 0 rg BT 214.89 380.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 252.61 380.10 Td (are ) Tj ET Q q 0 0 0 rg BT 266.43 380.10 Td (judged ) Tj ET Q q 0 0 0 rg BT 295.26 380.10 Td (to ) Tj ET Q q 0 0 0 rg BT 304.66 380.10 Td (be ) Tj ET Q q 0 0 0 rg BT 315.71 380.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 371.19 380.10 Td (producible ) Tj ET Q q 0 0 0 rg BT 415.57 380.10 Td (in ) Tj ET Q q 0 0 0 rg BT 424.97 380.10 Td (future ) Tj ET Q q 0 0 0 rg BT 450.46 380.10 Td (years ) Tj ET Q q 0 0 0 rg BT 473.18 380.10 Td (from ) Tj ET Q q 0 0 0 rg BT 494.23 380.10 Td (known ) Tj ET Q q 0 0 0 rg BT 523.07 380.10 Td (reservoirs ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 368.10 Td (under ) Tj ET Q q 0 0 0 rg BT 74.91 368.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 109.22 368.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 150.74 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 167.83 368.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 208.24 368.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 252.55 368.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.63 368.10 Td (assuming ) Tj ET Q q 0 0 0 rg BT 310.05 368.10 Td (continuation ) Tj ET Q q 0 0 0 rg BT 362.69 368.10 Td (of ) Tj ET Q q 0 0 0 rg BT 373.67 368.10 Td (current ) Tj ET Q q 0 0 0 rg BT 404.63 368.10 Td (regulatory ) Tj ET Q q 0 0 0 rg BT 448.37 368.10 Td (practices ) Tj ET Q q 0 0 0 rg BT 486.54 368.10 Td (using ) Tj ET Q q 0 0 0 rg BT 510.86 368.10 Td (conventional ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 356.10 Td (production ) Tj ET Q q 0 0 0 rg BT 96.02 356.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 133.10 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.73 356.10 Td (equipment. ) Tj ET Q q 0 0 0 rg BT 198.63 356.10 Td (In ) Tj ET Q q 0 0 0 rg BT 210.15 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 225.56 356.10 Td (analyses ) Tj ET Q q 0 0 0 rg BT 262.63 356.10 Td (of ) Tj ET Q q 0 0 0 rg BT 274.16 356.10 Td (production-decline ) Tj ET Q q 0 0 0 rg BT 352.88 356.10 Td (curves, ) Tj ET Q q 0 0 0 rg BT 384.67 356.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 420.62 356.10 Td (were ) Tj ET Q q 0 0 0 rg BT 443.24 356.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 484.75 356.10 Td (only ) Tj ET Q q 0 0 0 rg BT 505.72 356.10 Td (to ) Tj ET Q q 0 0 0 rg BT 516.69 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 532.10 356.10 Td (limit ) Tj ET Q q 0 0 0 rg BT 554.19 356.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 344.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 90.23 344.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 110.97 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 121.17 344.10 Td (production ) Tj ET Q q 0 0 0 rg BT 166.36 344.10 Td (under ) Tj ET Q q 0 0 0 rg BT 190.99 344.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 224.51 344.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 265.25 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 281.55 344.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 321.18 344.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 364.71 344.10 Td (using ) Tj ET Q q 0 0 0 rg BT 388.24 344.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 413.98 344.10 Td (and ) Tj ET Q q 0 0 0 rg BT 430.28 344.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 452.14 344.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 494.00 344.10 Td (with ) Tj ET Q q 0 0 0 rg BT 513.64 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 527.72 344.10 Td (ef) Tj ET Q q 0 0 0 rg BT 535.31 344.10 Td (fective ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 332.10 Td (date ) Tj ET Q q 0 0 0 rg BT 67.64 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 77.46 332.10 Td (this ) Tj ET Q q 0 0 0 rg BT 93.39 332.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 121.26 332.10 Td (including ) Tj ET Q q 0 0 0 rg BT 160.52 332.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 215.88 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 225.69 332.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 259.39 332.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.65 332.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 301.80 332.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 327.17 332.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 364.20 332.10 Td (only ) Tj ET Q q 0 0 0 rg BT 383.47 332.10 Td (by ) Tj ET Q q 0 0 0 rg BT 394.95 332.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 440.86 332.10 Td (arrangements ) Tj ET Q q 0 0 0 rg BT 496.21 332.10 Td (but ) Tj ET Q q 0 0 0 rg BT 510.47 332.10 Td (not ) Tj ET Q q 0 0 0 rg BT 524.74 332.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 320.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 95.87 320.10 Td (based ) Tj ET Q q 0 0 0 rg BT 121.14 320.10 Td (upon ) Tj ET Q q 0 0 0 rg BT 143.64 320.10 Td (future ) Tj ET Q q 0 0 0 rg BT 170.02 320.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 216.50 320.10 Td (The ) Tj ET Q q 0 0 0 rg BT 234.55 320.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 277.59 320.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 312.85 320.10 Td (are ) Tj ET Q q 0 0 0 rg BT 327.56 320.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 367.82 320.10 Td (as ) Tj ET Q q 0 0 0 rg BT 378.65 320.10 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 296.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 296.10 Td (oved ) Tj ET Q q 0 0 0 rg BT 117.55 296.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 131.66 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.21 296.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 167.65 296.10 Td (r) Tj ET Q q 0 0 0 rg BT 171.17 296.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 200.60 296.10 Td ( ) Tj ET Q q 0 0 0 rg BT 204.15 296.10 Td (- ) Tj ET Q q 0 0 0 rg BT 211.03 296.10 Td (Proved ) Tj ET Q q 0 0 0 rg BT 242.91 296.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 257.01 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 275.00 296.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 291.88 296.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 328.18 296.10 Td (are ) Tj ET Q q 0 0 0 rg BT 343.94 296.10 Td (those ) Tj ET Q q 0 0 0 rg BT 368.60 296.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 411.03 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 422.91 296.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 437.01 296.10 Td (and ) Tj ET Q q 0 0 0 rg BT 455.00 296.10 Td (gas, ) Tj ET Q q 0 0 0 rg BT 474.38 296.10 Td (which, ) Tj ET Q q 0 0 0 rg BT 504.87 296.10 Td (by ) Tj ET Q q 0 0 0 rg BT 518.42 296.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 554.18 296.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 284.10 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 131.49 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 148.06 284.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 197.39 284.10 Td (data, ) Tj ET Q q 0 0 0 rg BT 218.67 284.10 Td (can ) Tj ET Q q 0 0 0 rg BT 234.68 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 246.25 284.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 286.70 284.10 Td (with ) Tj ET Q q 0 0 0 rg BT 306.60 284.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 351.49 284.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 388.60 284.10 Td (to ) Tj ET Q q 0 0 0 rg BT 398.50 284.10 Td (be ) Tj ET Q q 0 0 0 rg BT 410.07 284.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 466.07 284.10 Td (producible-from ) Tj ET Q q 0 0 0 rg BT 533.73 284.10 Td (a ) Tj ET Q q 0 0 0 rg BT 540.29 284.10 Td (given ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 272.10 Td (date ) Tj ET Q q 0 0 0 rg BT 105.95 272.10 Td (forward, ) Tj ET Q q 0 0 0 rg BT 143.90 272.10 Td (from ) Tj ET Q q 0 0 0 rg BT 167.13 272.10 Td (known ) Tj ET Q q 0 0 0 rg BT 198.15 272.10 Td (reservoirs, ) Tj ET Q q 0 0 0 rg BT 243.87 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.11 272.10 Td (under ) Tj ET Q q 0 0 0 rg BT 288.67 272.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 324.13 272.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 366.80 272.10 Td (conditions, ) Tj ET Q q 0 0 0 rg BT 414.76 272.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 456.32 272.10 Td (methods, ) Tj ET Q q 0 0 0 rg BT 496.50 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 514.74 272.10 Td (government ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 260.10 Td (regulations-prior ) Tj ET Q q 0 0 0 rg BT 154.28 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 163.64 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 177.44 260.10 Td (time ) Tj ET Q q 0 0 0 rg BT 196.80 260.10 Td (at ) Tj ET Q q 0 0 0 rg BT 205.60 260.10 Td (which ) Tj ET Q q 0 0 0 rg BT 231.62 260.10 Td (contracts ) Tj ET Q q 0 0 0 rg BT 269.29 260.10 Td (providing ) Tj ET Q q 0 0 0 rg BT 309.76 260.10 Td (the ) Tj ET Q q 0 0 0 rg BT 323.56 260.10 Td (right ) Tj ET Q q 0 0 0 rg BT 344.03 260.10 Td (to ) Tj ET Q q 0 0 0 rg BT 353.39 260.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 384.40 260.10 Td (expire, ) Tj ET Q q 0 0 0 rg BT 413.46 260.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 440.05 260.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 477.16 260.10 Td (indicates ) Tj ET Q q 0 0 0 rg BT 514.28 260.10 Td (that ) Tj ET Q q 0 0 0 rg BT 530.86 260.10 Td (renewal ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.10 Td (is ) Tj ET Q q 0 0 0 rg BT 94.05 248.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 139.25 248.10 Td (certain, ) Tj ET Q q 0 0 0 rg BT 170.83 248.10 Td (regardless ) Tj ET Q q 0 0 0 rg BT 213.24 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 223.45 248.10 Td (whether ) Tj ET Q q 0 0 0 rg BT 257.54 248.10 Td (deterministic ) Tj ET Q q 0 0 0 rg BT 311.63 248.10 Td (or ) Tj ET Q q 0 0 0 rg BT 321.84 248.10 Td (probabilistic ) Tj ET Q q 0 0 0 rg BT 373.71 248.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 409.47 248.10 Td (are ) Tj ET Q q 0 0 0 rg BT 423.56 248.10 Td (used ) Tj ET Q q 0 0 0 rg BT 443.77 248.10 Td (for ) Tj ET Q q 0 0 0 rg BT 457.31 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 471.41 248.10 Td (estimation. ) Tj ET Q q 0 0 0 rg BT 517.31 248.10 Td (The ) Tj ET Q q 0 0 0 rg BT 534.74 248.10 Td (project ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 236.10 Td (to ) Tj ET Q q 0 0 0 rg BT 95.71 236.10 Td (extract ) Tj ET Q q 0 0 0 rg BT 125.35 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 140.00 236.10 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 196.87 236.10 Td (must ) Tj ET Q q 0 0 0 rg BT 218.75 236.10 Td (have ) Tj ET Q q 0 0 0 rg BT 240.06 236.10 Td (commenced ) Tj ET Q q 0 0 0 rg BT 290.81 236.10 Td (or ) Tj ET Q q 0 0 0 rg BT 301.58 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.23 236.10 Td (operator ) Tj ET Q q 0 0 0 rg BT 351.98 236.10 Td (must ) Tj ET Q q 0 0 0 rg BT 373.86 236.10 Td (be ) Tj ET Q q 0 0 0 rg BT 385.74 236.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 431.49 236.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 461.13 236.10 Td (that ) Tj ET Q q 0 0 0 rg BT 478.56 236.10 Td (it ) Tj ET Q q 0 0 0 rg BT 486.55 236.10 Td (will ) Tj ET Q q 0 0 0 rg BT 504.54 236.10 Td (commence ) Tj ET Q q 0 0 0 rg BT 550.29 236.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 224.10 Td (project ) Tj ET Q q 0 0 0 rg BT 115.76 224.10 Td (within ) Tj ET Q q 0 0 0 rg BT 143.82 224.10 Td (a ) Tj ET Q q 0 0 0 rg BT 150.76 224.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 196.01 224.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 200.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 115.26 200.10 Td (The ) Tj ET Q q 0 0 0 rg BT 133.30 200.10 Td (area ) Tj ET Q q 0 0 0 rg BT 152.45 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 163.28 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 178.00 200.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 216.03 200.10 Td (considered ) Tj ET Q q 0 0 0 rg BT 261.85 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.68 200.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.95 200.10 Td (includes:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 188.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 119.99 188.10 Td (The ) Tj ET Q q 0 0 0 rg BT 138.35 188.10 Td (area ) Tj ET Q q 0 0 0 rg BT 157.80 188.10 Td (identified ) Tj ET Q q 0 0 0 rg BT 198.93 188.10 Td (by ) Tj ET Q q 0 0 0 rg BT 211.74 188.10 Td (drilling ) Tj ET Q q 0 0 0 rg BT 244.00 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 261.24 188.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 292.38 188.10 Td (by ) Tj ET Q q 0 0 0 rg BT 305.19 188.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 326.89 188.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 364.96 188.10 Td (if ) Tj ET Q q 0 0 0 rg BT 373.88 188.10 Td (any) Tj ET Q q 0 0 0 rg BT 387.67 188.10 Td (, ) Tj ET Q q 0 0 0 rg BT 392.98 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.23 188.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 425.75 188.10 Td (Adjacent ) Tj ET Q q 0 0 0 rg BT 464.65 188.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 503.57 188.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 539.16 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 550.30 188.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 176.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.53 176.10 Td (that ) Tj ET Q q 0 0 0 rg BT 157.02 176.10 Td (can, ) Tj ET Q q 0 0 0 rg BT 174.88 176.10 Td (with ) Tj ET Q q 0 0 0 rg BT 194.15 176.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 238.40 176.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 272.73 176.10 Td (, ) Tj ET Q q 0 0 0 rg BT 276.72 176.10 Td (be ) Tj ET Q q 0 0 0 rg BT 287.65 176.10 Td (judged ) Tj ET Q q 0 0 0 rg BT 316.36 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 325.63 176.10 Td (be ) Tj ET Q q 0 0 0 rg BT 336.56 176.10 Td (continuous ) Tj ET Q q 0 0 0 rg BT 381.94 176.10 Td (with ) Tj ET Q q 0 0 0 rg BT 401.21 176.10 Td (it ) Tj ET Q q 0 0 0 rg BT 408.26 176.10 Td (and ) Tj ET Q q 0 0 0 rg BT 424.19 176.10 Td (to ) Tj ET Q q 0 0 0 rg BT 433.46 176.10 Td (contain ) Tj ET Q q 0 0 0 rg BT 464.38 176.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 519.74 176.10 Td (producible ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 164.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 116.56 164.10 Td (or ) Tj ET Q q 0 0 0 rg BT 127.39 164.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 143.22 164.10 Td (on ) Tj ET Q q 0 0 0 rg BT 155.72 164.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.43 164.10 Td (basis ) Tj ET Q q 0 0 0 rg BT 192.93 164.10 Td (of ) Tj ET Q q 0 0 0 rg BT 203.76 164.10 Td (available ) Tj ET Q q 0 0 0 rg BT 242.35 164.10 Td (geoscience ) Tj ET Q q 0 0 0 rg BT 288.71 164.10 Td (and ) Tj ET Q q 0 0 0 rg BT 305.65 164.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 355.36 164.10 Td (data.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 140.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 119.66 140.10 Td (In ) Tj ET Q q 0 0 0 rg BT 131.94 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.10 140.10 Td (absence ) Tj ET Q q 0 0 0 rg BT 183.69 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 195.97 140.10 Td (data ) Tj ET Q q 0 0 0 rg BT 216.57 140.10 Td (on ) Tj ET Q q 0 0 0 rg BT 230.52 140.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 253.35 140.10 Td (contacts, ) Tj ET Q q 0 0 0 rg BT 292.56 140.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 324.27 140.10 Td (quantities ) Tj ET Q q 0 0 0 rg BT 367.10 140.10 Td (in ) Tj ET Q q 0 0 0 rg BT 378.82 140.10 Td (a ) Tj ET Q q 0 0 0 rg BT 387.21 140.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 426.69 140.10 Td (are ) Tj ET Q q 0 0 0 rg BT 442.84 140.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 475.12 140.10 Td (by ) Tj ET Q q 0 0 0 rg BT 489.06 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 505.23 140.10 Td (lowest ) Tj ET Q q 0 0 0 rg BT 535.28 140.10 Td (known ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 128.10 Td (hydrocarbons ) Tj ET Q q 0 0 0 rg BT 160.32 128.10 Td (\(LKH\) ) Tj ET Q q 0 0 0 rg BT 189.92 128.10 Td (as ) Tj ET Q q 0 0 0 rg BT 200.64 128.10 Td (seen ) Tj ET Q q 0 0 0 rg BT 220.80 128.10 Td (in ) Tj ET Q q 0 0 0 rg BT 230.97 128.10 Td (a ) Tj ET Q q 0 0 0 rg BT 237.80 128.10 Td (well ) Tj ET Q q 0 0 0 rg BT 257.40 128.10 Td (penetration ) Tj ET Q q 0 0 0 rg BT 304.77 128.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 332.16 128.10 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 380.92 128.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 433.01 128.10 Td (or ) Tj ET Q q 0 0 0 rg BT 443.73 128.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 496.64 128.10 Td (data ) Tj ET Q q 0 0 0 rg BT 515.69 128.10 Td (and ) Tj ET Q q 0 0 0 rg BT 532.52 128.10 Td (reliable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 116.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 150.43 116.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 196.26 116.10 Td (a ) Tj ET Q q 0 0 0 rg BT 203.20 116.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 228.47 116.10 Td (contact ) Tj ET Q q 0 0 0 rg BT 259.84 116.10 Td (with ) Tj ET Q q 0 0 0 rg BT 280.12 116.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 325.37 116.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 359.70 116.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.78 92.10 Td (Where ) Tj ET Q q 0 0 0 rg BT 151.96 92.10 Td (direct ) Tj ET Q q 0 0 0 rg BT 178.27 92.10 Td (observation ) Tj ET Q q 0 0 0 rg BT 228.46 92.10 Td (from ) Tj ET Q q 0 0 0 rg BT 251.44 92.10 Td (well ) Tj ET Q q 0 0 0 rg BT 272.19 92.10 Td (penetrations ) Tj ET Q q 0 0 0 rg BT 324.60 92.10 Td (has ) Tj ET Q q 0 0 0 rg BT 341.47 92.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 375.00 92.10 Td (a ) Tj ET Q q 0 0 0 rg BT 382.98 92.10 Td (highest ) Tj ET Q q 0 0 0 rg BT 415.40 92.10 Td (known ) Tj ET Q q 0 0 0 rg BT 446.16 92.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 460.26 92.10 Td (\(HKO\) ) Tj ET Q q 0 0 0 rg BT 492.12 92.10 Td (elevation ) Tj ET Q q 0 0 0 rg BT 532.31 92.10 Td (and ) Tj ET Q q 0 0 0 rg BT 550.29 92.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 80.10 Td (potential ) Tj ET Q q 0 0 0 rg BT 140.99 80.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 166.27 80.10 Td (for ) Tj ET Q q 0 0 0 rg BT 180.43 80.10 Td (an ) Tj ET Q q 0 0 0 rg BT 192.36 80.10 Td (associated ) Tj ET Q q 0 0 0 rg BT 235.96 80.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.79 80.10 Td (cap, ) Tj ET Q q 0 0 0 rg BT 270.66 80.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 300.93 80.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 313.98 80.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 349.24 80.10 Td (may ) Tj ET Q q 0 0 0 rg BT 368.96 80.10 Td (be ) Tj ET Q q 0 0 0 rg BT 380.90 80.10 Td (assigned ) Tj ET Q q 0 0 0 rg BT 417.83 80.10 Td (in ) Tj ET Q q 0 0 0 rg BT 428.11 80.10 Td (the ) Tj ET Q q 0 0 0 rg BT 442.83 80.10 Td (structurally ) Tj ET Q q 0 0 0 rg BT 490.87 80.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 518.91 80.10 Td (portions ) Tj ET Q q 0 0 0 rg BT 554.19 80.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 117.40 68.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 154.63 68.10 Td (only ) Tj ET Q q 0 0 0 rg BT 174.09 68.10 Td (if ) Tj ET Q q 0 0 0 rg BT 181.89 68.10 Td (geoscience, ) Tj ET Q q 0 0 0 rg BT 229.94 68.10 Td (engineering, ) Tj ET Q q 0 0 0 rg BT 281.33 68.10 Td (or ) Tj ET Q q 0 0 0 rg BT 291.34 68.10 Td (performance ) Tj ET Q q 0 0 0 rg BT 343.55 68.10 Td (data ) Tj ET Q q 0 0 0 rg BT 361.90 68.10 Td (and ) Tj ET Q q 0 0 0 rg BT 378.02 68.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 409.69 68.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 455.81 68.10 Td (establish ) Tj ET Q q 0 0 0 rg BT 492.49 68.10 Td (the ) Tj ET Q q 0 0 0 rg BT 506.40 68.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 533.63 68.10 Td (contact ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 56.10 Td (with ) Tj ET Q q 0 0 0 rg BT 123.78 56.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 169.03 56.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 203.36 56.10 Td (.) Tj ET Q endstream endobj 325 0 obj <> endobj 326 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 728.10 Td (\(iv\) ) Tj ET Q q 0 0 0 rg BT 119.95 728.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 158.05 728.10 Td (which ) Tj ET Q q 0 0 0 rg BT 184.50 728.10 Td (can ) Tj ET Q q 0 0 0 rg BT 200.39 728.10 Td (be ) Tj ET Q q 0 0 0 rg BT 211.83 728.10 Td (produced ) Tj ET Q q 0 0 0 rg BT 251.05 728.10 Td (economically ) Tj ET Q q 0 0 0 rg BT 306.92 728.10 Td (through ) Tj ET Q q 0 0 0 rg BT 340.04 728.10 Td (application ) Tj ET Q q 0 0 0 rg BT 386.48 728.10 Td (of ) Tj ET Q q 0 0 0 rg BT 396.82 728.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 437.15 728.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 474.13 728.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 518.90 728.10 Td (\(including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.10 Td (but ) Tj ET Q q 0 0 0 rg BT 118.78 716.10 Td (not ) Tj ET Q q 0 0 0 rg BT 134.06 716.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 164.89 716.10 Td (to, ) Tj ET Q q 0 0 0 rg BT 177.67 716.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 199.05 716.10 Td (injection\) ) Tj ET Q q 0 0 0 rg BT 239.87 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 254.58 716.10 Td (included ) Tj ET Q q 0 0 0 rg BT 291.51 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.79 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 316.51 716.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 346.78 716.10 Td (classification ) Tj ET Q q 0 0 0 rg BT 402.04 716.10 Td (when:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (\(A\) ) Tj ET Q q 0 0 0 rg BT 120.48 704.10 Td (Successful ) Tj ET Q q 0 0 0 rg BT 166.34 704.10 Td (testing ) Tj ET Q q 0 0 0 rg BT 196.11 704.10 Td (by ) Tj ET Q q 0 0 0 rg BT 209.20 704.10 Td (a ) Tj ET Q q 0 0 0 rg BT 216.74 704.10 Td (pilot ) Tj ET Q q 0 0 0 rg BT 238.17 704.10 Td (project ) Tj ET Q q 0 0 0 rg BT 269.03 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 279.91 704.10 Td (an ) Tj ET Q q 0 0 0 rg BT 292.44 704.10 Td (area ) Tj ET Q q 0 0 0 rg BT 312.19 704.10 Td (of ) Tj ET Q q 0 0 0 rg BT 323.61 704.10 Td (the ) Tj ET Q q 0 0 0 rg BT 338.93 704.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 377.56 704.10 Td (with ) Tj ET Q q 0 0 0 rg BT 398.44 704.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 441.52 704.10 Td (no ) Tj ET Q q 0 0 0 rg BT 454.62 704.10 Td (more ) Tj ET Q q 0 0 0 rg BT 478.26 704.10 Td (favorable ) Tj ET Q q 0 0 0 rg BT 519.11 704.10 Td (than ) Tj ET Q q 0 0 0 rg BT 539.43 704.10 Td (in ) Tj ET Q q 0 0 0 rg BT 550.30 704.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 140.74 692.10 Td (as ) Tj ET Q q 0 0 0 rg BT 150.77 692.10 Td (a ) Tj ET Q q 0 0 0 rg BT 156.92 692.10 Td (whole, ) Tj ET Q q 0 0 0 rg BT 185.56 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 199.48 692.10 Td (operation ) Tj ET Q q 0 0 0 rg BT 238.94 692.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.98 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 260.12 692.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 295.70 692.10 Td (program ) Tj ET Q q 0 0 0 rg BT 331.28 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 340.76 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.68 692.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 391.92 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 401.96 692.10 Td (an ) Tj ET Q q 0 0 0 rg BT 413.10 692.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 455.35 692.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 490.49 692.10 Td (, ) Tj ET Q q 0 0 0 rg BT 494.69 692.10 Td (or ) Tj ET Q q 0 0 0 rg BT 504.72 692.10 Td (other ) Tj ET Q q 0 0 0 rg BT 526.97 692.10 Td (evidence ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 680.10 Td (using ) Tj ET Q q 0 0 0 rg BT 128.30 680.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 161.41 680.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 208.97 680.10 Td (establishes ) Tj ET Q q 0 0 0 rg BT 255.42 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 270.77 680.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 316.65 680.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 354.76 680.10 Td (of ) Tj ET Q q 0 0 0 rg BT 366.22 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.57 680.10 Td (engineering ) Tj ET Q q 0 0 0 rg BT 431.90 680.10 Td (analysis ) Tj ET Q q 0 0 0 rg BT 467.24 680.10 Td (on ) Tj ET Q q 0 0 0 rg BT 480.37 680.10 Td (which ) Tj ET Q q 0 0 0 rg BT 507.94 680.10 Td (the ) Tj ET Q q 0 0 0 rg BT 523.29 680.10 Td (project ) Tj ET Q q 0 0 0 rg BT 554.18 680.10 Td (or ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 668.10 Td (program ) Tj ET Q q 0 0 0 rg BT 140.27 668.10 Td (was ) Tj ET Q q 0 0 0 rg BT 158.71 668.10 Td (based; ) Tj ET Q q 0 0 0 rg BT 187.14 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 204.47 668.10 Td (\(B\) ) Tj ET Q q 0 0 0 rg BT 220.48 668.10 Td (The ) Tj ET Q q 0 0 0 rg BT 238.91 668.10 Td (project ) Tj ET Q q 0 0 0 rg BT 269.56 668.10 Td (has ) Tj ET Q q 0 0 0 rg BT 285.78 668.10 Td (been ) Tj ET Q q 0 0 0 rg BT 307.55 668.10 Td (approved ) Tj ET Q q 0 0 0 rg BT 347.64 668.10 Td (for ) Tj ET Q q 0 0 0 rg BT 362.19 668.10 Td (development ) Tj ET Q q 0 0 0 rg BT 416.73 668.10 Td (by ) Tj ET Q q 0 0 0 rg BT 429.62 668.10 Td (all ) Tj ET Q q 0 0 0 rg BT 442.50 668.10 Td (necessary ) Tj ET Q q 0 0 0 rg BT 484.26 668.10 Td (parties ) Tj ET Q q 0 0 0 rg BT 513.80 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 531.13 668.10 Td (entities, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 656.10 Td (including ) Tj ET Q q 0 0 0 rg BT 143.77 656.10 Td (governmental ) Tj ET Q q 0 0 0 rg BT 201.25 656.10 Td (entities.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (\(v\) ) Tj ET Q q 0 0 0 rg BT 117.53 632.10 Td (Existing ) Tj ET Q q 0 0 0 rg BT 153.23 632.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 194.47 632.10 Td (conditions ) Tj ET Q q 0 0 0 rg BT 238.50 632.10 Td (include ) Tj ET Q q 0 0 0 rg BT 270.30 632.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 296.55 632.10 Td (and ) Tj ET Q q 0 0 0 rg BT 313.35 632.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 335.72 632.10 Td (at ) Tj ET Q q 0 0 0 rg BT 345.30 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 372.11 632.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 413.35 632.10 Td (producibility ) Tj ET Q q 0 0 0 rg BT 467.38 632.10 Td (from ) Tj ET Q q 0 0 0 rg BT 489.18 632.10 Td (a ) Tj ET Q q 0 0 0 rg BT 495.99 632.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 533.89 632.10 Td (is ) Tj ET Q q 0 0 0 rg BT 542.93 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 632.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (determined. ) Tj ET Q q 0 0 0 rg BT 153.54 620.10 Td (The ) Tj ET Q q 0 0 0 rg BT 171.85 620.10 Td (price ) Tj ET Q q 0 0 0 rg BT 194.59 620.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 216.24 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 228.43 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 243.41 620.10 Td (average ) Tj ET Q q 0 0 0 rg BT 277.25 620.10 Td (price ) Tj ET Q q 0 0 0 rg BT 300.00 620.10 Td (during ) Tj ET Q q 0 0 0 rg BT 328.86 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 343.84 620.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 385.48 620.10 Td (period ) Tj ET Q q 0 0 0 rg BT 413.79 620.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 435.99 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 446.52 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 461.50 620.10 Td (ending ) Tj ET Q q 0 0 0 rg BT 491.47 620.10 Td (date ) Tj ET Q q 0 0 0 rg BT 510.89 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 521.98 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 536.95 620.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 608.10 Td (covered ) Tj ET Q q 0 0 0 rg BT 137.63 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 150.11 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.82 608.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 193.68 608.10 Td (determined ) Tj ET Q q 0 0 0 rg BT 241.14 608.10 Td (as ) Tj ET Q q 0 0 0 rg BT 251.96 608.10 Td (an ) Tj ET Q q 0 0 0 rg BT 263.88 608.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 313.02 608.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 356.04 608.10 Td (average ) Tj ET Q q 0 0 0 rg BT 389.61 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 400.42 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 415.12 608.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 507.58 608.10 Td (price ) Tj ET Q q 0 0 0 rg BT 530.05 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 544.19 608.10 Td (each ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 596.10 Td (month ) Tj ET Q q 0 0 0 rg BT 131.46 596.10 Td (within ) Tj ET Q q 0 0 0 rg BT 159.41 596.10 Td (such ) Tj ET Q q 0 0 0 rg BT 180.14 596.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 210.59 596.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 237.98 596.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 264.26 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 278.87 596.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 311.25 596.10 Td (by ) Tj ET Q q 0 0 0 rg BT 323.65 596.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 370.47 596.10 Td (arrangements, ) Tj ET Q q 0 0 0 rg BT 429.23 596.10 Td (excluding ) Tj ET Q q 0 0 0 rg BT 471.06 596.10 Td (escalations ) Tj ET Q q 0 0 0 rg BT 517.33 596.10 Td (based ) Tj ET Q q 0 0 0 rg BT 542.50 596.10 Td (upon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 584.10 Td (future ) Tj ET Q q 0 0 0 rg BT 129.88 584.10 Td (conditions.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 560.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 130.68 560.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 143.66 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 161.08 560.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 177.40 560.10 Td (r) Tj ET Q q 0 0 0 rg BT 180.92 560.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 210.35 560.10 Td ( ) Tj ET Q q 0 0 0 rg BT 212.77 560.10 Td (- ) Tj ET Q q 0 0 0 rg BT 218.53 560.10 Td (Developed ) Tj ET Q q 0 0 0 rg BT 264.27 560.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 277.25 560.10 Td (and ) Tj ET Q q 0 0 0 rg BT 294.11 560.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 309.87 560.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 345.05 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 359.68 560.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 394.86 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 405.62 560.10 Td (any ) Tj ET Q q 0 0 0 rg BT 422.48 560.10 Td (category ) Tj ET Q q 0 0 0 rg BT 459.33 560.10 Td (that ) Tj ET Q q 0 0 0 rg BT 476.75 560.10 Td (can ) Tj ET Q q 0 0 0 rg BT 493.05 560.10 Td (be ) Tj ET Q q 0 0 0 rg BT 504.91 560.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 542.87 560.10 Td (to ) Tj ET Q q 0 0 0 rg BT 553.07 560.10 Td (be ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.10 Td (recovered:) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 524.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.33 524.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 154.42 524.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 189.74 524.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 214.51 524.10 Td (with ) Tj ET Q q 0 0 0 rg BT 235.94 524.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 271.26 524.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 317.13 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 335.22 524.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 376.64 524.10 Td (methods ) Tj ET Q q 0 0 0 rg BT 414.18 524.10 Td (or ) Tj ET Q q 0 0 0 rg BT 426.16 524.10 Td (in ) Tj ET Q q 0 0 0 rg BT 437.60 524.10 Td (which ) Tj ET Q q 0 0 0 rg BT 465.69 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 481.56 524.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 501.32 524.10 Td (of ) Tj ET Q q 0 0 0 rg BT 513.31 524.10 Td (the ) Tj ET Q q 0 0 0 rg BT 529.18 524.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 512.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 148.21 512.10 Td (is ) Tj ET Q q 0 0 0 rg BT 157.38 512.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 197.64 512.10 Td (minor ) Tj ET Q q 0 0 0 rg BT 224.03 512.10 Td (compared ) Tj ET Q q 0 0 0 rg BT 265.95 512.10 Td (to ) Tj ET Q q 0 0 0 rg BT 276.23 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 290.95 512.10 Td (cost ) Tj ET Q q 0 0 0 rg BT 309.55 512.10 Td (of ) Tj ET Q q 0 0 0 rg BT 320.38 512.10 Td (a ) Tj ET Q q 0 0 0 rg BT 327.32 512.10 Td (new ) Tj ET Q q 0 0 0 rg BT 346.48 512.10 Td (well; ) Tj ET Q q 0 0 0 rg BT 368.98 512.10 Td (and) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 488.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 118.10 488.10 Td (Through ) Tj ET Q q 0 0 0 rg BT 155.10 488.10 Td (installed ) Tj ET Q q 0 0 0 rg BT 191.54 488.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 234.09 488.10 Td (equipment ) Tj ET Q q 0 0 0 rg BT 278.86 488.10 Td (and ) Tj ET Q q 0 0 0 rg BT 295.86 488.10 Td (infrastructure ) Tj ET Q q 0 0 0 rg BT 352.29 488.10 Td (operational ) Tj ET Q q 0 0 0 rg BT 399.83 488.10 Td (at ) Tj ET Q q 0 0 0 rg BT 409.61 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 424.39 488.10 Td (time ) Tj ET Q q 0 0 0 rg BT 444.73 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 455.62 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 470.40 488.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 505.73 488.10 Td (estimate ) Tj ET Q q 0 0 0 rg BT 541.61 488.10 Td (if ) Tj ET Q q 0 0 0 rg BT 550.28 488.10 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 476.10 Td (extraction ) Tj ET Q q 0 0 0 rg BT 145.98 476.10 Td (is ) Tj ET Q q 0 0 0 rg BT 155.15 476.10 Td (by ) Tj ET Q q 0 0 0 rg BT 167.65 476.10 Td (means ) Tj ET Q q 0 0 0 rg BT 195.70 476.10 Td (not ) Tj ET Q q 0 0 0 rg BT 210.98 476.10 Td (involving ) Tj ET Q q 0 0 0 rg BT 251.81 476.10 Td (a ) Tj ET Q q 0 0 0 rg BT 258.75 476.10 Td (well.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 452.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 140.96 452.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 154.23 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 171.93 452.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 188.53 452.10 Td (r) Tj ET Q q 0 0 0 rg BT 192.05 452.10 Td (eserves) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 221.48 452.10 Td ( ) Tj ET Q q 0 0 0 rg BT 224.19 452.10 Td (- ) Tj ET Q q 0 0 0 rg BT 230.23 452.10 Td (Undeveloped ) Tj ET Q q 0 0 0 rg BT 286.25 452.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 299.51 452.10 Td (and ) Tj ET Q q 0 0 0 rg BT 316.66 452.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 332.70 452.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 368.16 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 383.08 452.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 418.54 452.10 Td (of ) Tj ET Q q 0 0 0 rg BT 429.58 452.10 Td (any ) Tj ET Q q 0 0 0 rg BT 446.73 452.10 Td (category ) Tj ET Q q 0 0 0 rg BT 483.86 452.10 Td (that ) Tj ET Q q 0 0 0 rg BT 501.56 452.10 Td (are ) Tj ET Q q 0 0 0 rg BT 516.48 452.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 554.72 452.10 Td (to ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 440.10 Td (be ) Tj ET Q q 0 0 0 rg BT 96.84 440.10 Td (recovered ) Tj ET Q q 0 0 0 rg BT 138.15 440.10 Td (from ) Tj ET Q q 0 0 0 rg BT 159.48 440.10 Td (new ) Tj ET Q q 0 0 0 rg BT 178.04 440.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 201.04 440.10 Td (on ) Tj ET Q q 0 0 0 rg BT 212.94 440.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 250.94 440.10 Td (acreage, ) Tj ET Q q 0 0 0 rg BT 285.86 440.10 Td (or ) Tj ET Q q 0 0 0 rg BT 296.09 440.10 Td (from ) Tj ET Q q 0 0 0 rg BT 317.42 440.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 350.99 440.10 Td (wells ) Tj ET Q q 0 0 0 rg BT 373.99 440.10 Td (where ) Tj ET Q q 0 0 0 rg BT 400.32 440.10 Td (a ) Tj ET Q q 0 0 0 rg BT 406.65 440.10 Td (relatively ) Tj ET Q q 0 0 0 rg BT 446.31 440.10 Td (major ) Tj ET Q q 0 0 0 rg BT 471.53 440.10 Td (expenditure ) Tj ET Q q 0 0 0 rg BT 520.63 440.10 Td (is ) Tj ET Q q 0 0 0 rg BT 529.20 440.10 Td (required ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (for ) Tj ET Q q 0 0 0 rg BT 99.66 428.10 Td (recompletion.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 404.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 116.23 404.10 Td (Reserves ) Tj ET Q q 0 0 0 rg BT 155.62 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 168.91 404.10 Td (undrilled ) Tj ET Q q 0 0 0 rg BT 208.31 404.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 242.13 404.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 264.30 404.10 Td (be ) Tj ET Q q 0 0 0 rg BT 277.04 404.10 Td (limited ) Tj ET Q q 0 0 0 rg BT 308.66 404.10 Td (to ) Tj ET Q q 0 0 0 rg BT 319.73 404.10 Td (those ) Tj ET Q q 0 0 0 rg BT 344.13 404.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 377.96 404.10 Td (of) Tj ET Q q 0 0 0 rg BT 386.11 404.10 Td (fsetting ) Tj ET Q q 0 0 0 rg BT 419.40 404.10 Td (development ) Tj ET Q q 0 0 0 rg BT 474.34 404.10 Td (spacing ) Tj ET Q q 0 0 0 rg BT 508.18 404.10 Td (areas ) Tj ET Q q 0 0 0 rg BT 532.01 404.10 Td (that ) Tj ET Q q 0 0 0 rg BT 550.30 404.10 Td (are ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 392.10 Td (reasonably ) Tj ET Q q 0 0 0 rg BT 150.57 392.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 181.53 392.10 Td (of ) Tj ET Q q 0 0 0 rg BT 193.62 392.10 Td (production ) Tj ET Q q 0 0 0 rg BT 240.70 392.10 Td (when ) Tj ET Q q 0 0 0 rg BT 266.12 392.10 Td (drilled, ) Tj ET Q q 0 0 0 rg BT 298.48 392.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 327.24 392.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 366.53 392.10 Td (using ) Tj ET Q q 0 0 0 rg BT 391.96 392.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 425.70 392.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 473.89 392.10 Td (exists ) Tj ET Q q 0 0 0 rg BT 500.42 392.10 Td (that ) Tj ET Q q 0 0 0 rg BT 519.18 392.10 Td (establishes ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 380.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 148.75 380.10 Td (certainty ) Tj ET Q q 0 0 0 rg BT 186.23 380.10 Td (of ) Tj ET Q q 0 0 0 rg BT 197.06 380.10 Td (economic ) Tj ET Q q 0 0 0 rg BT 238.44 380.10 Td (producibility ) Tj ET Q q 0 0 0 rg BT 292.60 380.10 Td (at ) Tj ET Q q 0 0 0 rg BT 302.31 380.10 Td (greater ) Tj ET Q q 0 0 0 rg BT 332.57 380.10 Td (distances.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 356.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 117.53 356.10 Td (Undrilled ) Tj ET Q q 0 0 0 rg BT 157.67 356.10 Td (locations ) Tj ET Q q 0 0 0 rg BT 195.58 356.10 Td (can ) Tj ET Q q 0 0 0 rg BT 211.27 356.10 Td (be ) Tj ET Q q 0 0 0 rg BT 222.53 356.10 Td (classified ) Tj ET Q q 0 0 0 rg BT 262.10 356.10 Td (as ) Tj ET Q q 0 0 0 rg BT 272.25 356.10 Td (having ) Tj ET Q q 0 0 0 rg BT 301.28 356.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 354.18 356.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.75 356.10 Td (only ) Tj ET Q q 0 0 0 rg BT 408.35 356.10 Td (if ) Tj ET Q q 0 0 0 rg BT 416.27 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 422.52 356.10 Td (development ) Tj ET Q q 0 0 0 rg BT 475.98 356.10 Td (plan ) Tj ET Q q 0 0 0 rg BT 495.01 356.10 Td (has ) Tj ET Q q 0 0 0 rg BT 510.15 356.10 Td (been ) Tj ET Q q 0 0 0 rg BT 530.84 356.10 Td (adopted ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 344.10 Td (indicating ) Tj ET Q q 0 0 0 rg BT 146.20 344.10 Td (that ) Tj ET Q q 0 0 0 rg BT 163.91 344.10 Td (they ) Tj ET Q q 0 0 0 rg BT 183.84 344.10 Td (are ) Tj ET Q q 0 0 0 rg BT 198.75 344.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 241.45 344.10 Td (to ) Tj ET Q q 0 0 0 rg BT 251.94 344.10 Td (be ) Tj ET Q q 0 0 0 rg BT 264.09 344.10 Td (drilled ) Tj ET Q q 0 0 0 rg BT 292.91 344.10 Td (within ) Tj ET Q q 0 0 0 rg BT 321.17 344.10 Td (five ) Tj ET Q q 0 0 0 rg BT 339.43 344.10 Td (years, ) Tj ET Q q 0 0 0 rg BT 365.74 344.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 393.45 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 408.38 344.10 Td (specific ) Tj ET Q q 0 0 0 rg BT 442.19 344.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 501.54 344.10 Td (justify ) Tj ET Q q 0 0 0 rg BT 529.81 344.10 Td (a ) Tj ET Q q 0 0 0 rg BT 536.96 344.10 Td (longer ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.10 Td (time.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 308.10 Td (\(iii\) ) Tj ET Q q 0 0 0 rg BT 121.47 308.10 Td (Under ) Tj ET Q q 0 0 0 rg BT 149.43 308.10 Td (no ) Tj ET Q q 0 0 0 rg BT 162.40 308.10 Td (circumstances ) Tj ET Q q 0 0 0 rg BT 222.01 308.10 Td (shall ) Tj ET Q q 0 0 0 rg BT 243.86 308.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 284.05 308.10 Td (for ) Tj ET Q q 0 0 0 rg BT 298.68 308.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 352.74 308.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 388.47 308.10 Td (be ) Tj ET Q q 0 0 0 rg BT 400.88 308.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.39 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 460.13 308.10 Td (any ) Tj ET Q q 0 0 0 rg BT 477.54 308.10 Td (acreage ) Tj ET Q q 0 0 0 rg BT 511.04 308.10 Td (for ) Tj ET Q q 0 0 0 rg BT 525.67 308.10 Td (which ) Tj ET Q q 0 0 0 rg BT 553.07 308.10 Td (an ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.10 Td (application ) Tj ET Q q 0 0 0 rg BT 151.02 296.10 Td (of ) Tj ET Q q 0 0 0 rg BT 162.45 296.10 Td (fluid ) Tj ET Q q 0 0 0 rg BT 184.43 296.10 Td (injection ) Tj ET Q q 0 0 0 rg BT 222.51 296.10 Td (or ) Tj ET Q q 0 0 0 rg BT 233.93 296.10 Td (other ) Tj ET Q q 0 0 0 rg BT 257.57 296.10 Td (improved ) Tj ET Q q 0 0 0 rg BT 298.99 296.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 337.06 296.10 Td (technique ) Tj ET Q q 0 0 0 rg BT 379.02 296.10 Td (is ) Tj ET Q q 0 0 0 rg BT 388.79 296.10 Td (contemplated, ) Tj ET Q q 0 0 0 rg BT 448.25 296.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 476.34 296.10 Td (such ) Tj ET Q q 0 0 0 rg BT 497.77 296.10 Td (techniques ) Tj ET Q q 0 0 0 rg BT 543.62 296.10 Td (have ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 284.10 Td (been ) Tj ET Q q 0 0 0 rg BT 123.85 284.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 153.08 284.10 Td (ef) Tj ET Q q 0 0 0 rg BT 160.67 284.10 Td (fective ) Tj ET Q q 0 0 0 rg BT 189.34 284.10 Td (by ) Tj ET Q q 0 0 0 rg BT 200.81 284.10 Td (actual ) Tj ET Q q 0 0 0 rg BT 226.15 284.10 Td (projects ) Tj ET Q q 0 0 0 rg BT 259.28 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 268.52 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.21 284.10 Td (same ) Tj ET Q q 0 0 0 rg BT 304.22 284.10 Td (reservoir ) Tj ET Q q 0 0 0 rg BT 341.23 284.10 Td (or ) Tj ET Q q 0 0 0 rg BT 351.03 284.10 Td (an ) Tj ET Q q 0 0 0 rg BT 361.94 284.10 Td (analogous ) Tj ET Q q 0 0 0 rg BT 403.95 284.10 Td (reservoir) Tj ET Q q 0 0 0 rg BT 439.09 284.10 Td (, ) Tj ET Q q 0 0 0 rg BT 443.06 284.10 Td (as ) Tj ET Q q 0 0 0 rg BT 452.86 284.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 484.31 284.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.56 284.10 Td ([section ) Tj ET Q q 0 0 0 rg BT 526.68 284.10 Td (210.4-10 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 272.10 Td (\(a\) ) Tj ET Q q 0 0 0 rg BT 117.10 272.10 Td (Definitions], ) Tj ET Q q 0 0 0 rg BT 170.42 272.10 Td (or ) Tj ET Q q 0 0 0 rg BT 181.25 272.10 Td (by ) Tj ET Q q 0 0 0 rg BT 193.75 272.10 Td (other ) Tj ET Q q 0 0 0 rg BT 216.80 272.10 Td (evidence ) Tj ET Q q 0 0 0 rg BT 254.83 272.10 Td (using ) Tj ET Q q 0 0 0 rg BT 279.00 272.10 Td (reliable ) Tj ET Q q 0 0 0 rg BT 311.48 272.10 Td (technology ) Tj ET Q q 0 0 0 rg BT 358.42 272.10 Td (establishing ) Tj ET Q q 0 0 0 rg BT 408.69 272.10 Td (reasonable ) Tj ET Q q 0 0 0 rg BT 453.94 272.10 Td (certainty) Tj ET Q q 0 0 0 rg BT 488.28 272.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 248.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.10 248.10 Td (this ) Tj ET Q q 0 0 0 rg BT 112.81 248.10 Td (report, ) Tj ET Q q 0 0 0 rg BT 141.45 248.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 180.93 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 191.53 248.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 221.00 248.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 253.26 248.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 288.28 248.10 Td (have ) Tj ET Q q 0 0 0 rg BT 309.43 248.10 Td (been ) Tj ET Q q 0 0 0 rg BT 330.57 248.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 367.81 248.10 Td (consistent ) Tj ET Q q 0 0 0 rg BT 410.07 248.10 Td (with ) Tj ET Q q 0 0 0 rg BT 430.11 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 444.60 248.10 Td (evaluation ) Tj ET Q q 0 0 0 rg BT 488.51 248.10 Td (criteria ) Tj ET Q q 0 0 0 rg BT 519.09 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 529.68 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 544.17 248.10 Td (SEC ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 63.66 236.10 Td (petroleum ) Tj ET Q q 0 0 0 rg BT 106.70 236.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 212.10 Td (Our ) Tj ET Q q 0 0 0 rg BT 103.92 212.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 143.99 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.19 212.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 198.74 212.10 Td (net ) Tj ET Q q 0 0 0 rg BT 213.82 212.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 244.45 212.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 280.08 212.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 328.48 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 339.12 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 354.21 212.10 Td (reviewed ) Tj ET Q q 0 0 0 rg BT 393.72 212.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 436.57 212.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.86 212.10 Td (based ) Tj ET Q q 0 0 0 rg BT 484.50 212.10 Td (on ) Tj ET Q q 0 0 0 rg BT 497.36 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 512.44 212.10 Td (definition ) Tj ET Q q 0 0 0 rg BT 554.19 212.10 Td (of ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 200.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 78.83 200.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 113.15 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 123.04 200.10 Td (the ) Tj ET Q q 0 0 0 rg BT 136.81 200.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 156.71 200.10 Td (and ) Tj ET Q q 0 0 0 rg BT 172.71 200.10 Td (are ) Tj ET Q q 0 0 0 rg BT 186.48 200.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 236.91 200.10 Td (as ) Tj ET Q q 0 0 0 rg BT 246.80 200.10 Td (follows, ) Tj ET Q q 0 0 0 rg BT 280.86 200.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 321.85 200.10 Td (in ) Tj ET Q q 0 0 0 rg BT 331.19 200.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 372.75 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 382.64 200.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 411.41 200.10 Td (\(Mbbl\), ) Tj ET Q q 0 0 0 rg BT 443.80 200.10 Td (millions ) Tj ET Q q 0 0 0 rg BT 478.14 200.10 Td (of ) Tj ET Q q 0 0 0 rg BT 488.03 200.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 511.25 200.10 Td (feet ) Tj ET Q q 0 0 0 rg BT 527.79 200.10 Td (\(MMcf\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 188.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 188.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 108.94 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 119.77 188.10 Td (barrels ) Tj ET Q q 0 0 0 rg BT 149.48 188.10 Td (of ) Tj ET Q q 0 0 0 rg BT 160.31 188.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 173.36 188.10 Td (equivalent ) Tj ET Q q 0 0 0 rg BT 217.51 188.10 Td (\(Mboe\):) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.00 118.60 306.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 118.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 118.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 118.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 118.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.00 90.60 306.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 355.00 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 359.00 90.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 424.00 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 428.00 90.60 65.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 493.00 90.60 4.00 -15.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 497.00 90.60 65.00 -15.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 151.60000000000002 m 424 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 424 151.60000000000002 m 428 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 151.60000000000002 m 493 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 493 151.60000000000002 m 497 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 151.60000000000002 m 562 151.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 118.60000000000002 m 424 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 118.60000000000002 m 493 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 118.60000000000002 m 562 118.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 359 90.60000000000002 m 424 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 428 90.60000000000002 m 493 90.60000000000002 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 497 90.60000000000002 m 562 90.60000000000002 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 395.25 168.28 Td (Net Post-NPI Pr) Tj ET Q q 0 0 0 rg BT 464.49 168.28 Td (oved Reserves) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 408.55 156.28 Td (as of December) Tj ET Q q 0 0 0 rg BT 473.90 156.28 Td ( 31, 2016) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 362.40 133.28 Td (T) Tj ET Q q 0 0 0 rg BT 368.15 133.28 Td (otal Liquids) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 376.00 123.28 Td (\(Mbbl\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 439.55 133.28 Td (Sales Gas) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 443.30 123.28 Td (\(MMcf\)) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 522.30 142.33 Td (Oil ) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 505.65 132.33 Td (Equivalent) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 510.35 122.33 Td (\(MBOE\)) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 109.17 Td (Proved Developed) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.65 109.17 Td (201,919) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.65 109.17 Td (43,955) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.65 109.17 Td (209,245) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 51.50 95.17 Td (Proved Undeveloped) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.65 95.17 Td (45,184) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 474.15 95.17 Td (360) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 530.65 95.17 Td (45,244) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 51.50 66.33 Td (Total Proved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 387.65 66.33 Td (247,103) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 461.65 66.33 Td (44,315) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 525.65 66.33 Td (254,489) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 327 0 obj <> endobj 328 0 obj <> stream BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 728.10 Td (Notes: ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 716.10 Td (1. Gas is converted to oil equivalent using an ener) Tj ET Q q 0 0 0 rg BT 285.27 716.10 Td (gy equivalent factor of 6,000 cubic feet of gas per 1 barrel of oil ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 121.50 704.10 Td (equivalent.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 692.10 Td (2. ) Tj ET Q q 0 0 0 rg BT 95.32 692.10 Td (T) Tj ET Q q 0 0 0 rg BT 100.73 692.10 Td (otal liquids include 4,999 Mbbls of proved developed NGLs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.64 668.10 Td (addition ) Tj ET Q q 0 0 0 rg BT 132.23 668.10 Td (to ) Tj ET Q q 0 0 0 rg BT 142.82 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 157.84 668.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 173.99 668.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 209.56 668.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 238.48 668.10 Td (in ) Tj ET Q q 0 0 0 rg BT 249.07 668.10 Td (the ) Tj ET Q q 0 0 0 rg BT 264.10 668.10 Td (foregoing ) Tj ET Q q 0 0 0 rg BT 305.79 668.10 Td (tabulation, ) Tj ET Q q 0 0 0 rg BT 351.09 668.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 394.58 668.10 Td (net ) Tj ET Q q 0 0 0 rg BT 409.61 668.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 440.19 668.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 470.21 668.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 503.02 668.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 519.16 668.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 554.73 668.10 Td (in ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 656.10 Td (Mississippi ) Tj ET Q q 0 0 0 rg BT 98.29 656.10 Td (and ) Tj ET Q q 0 0 0 rg BT 115.71 656.10 Td (W) Tj ET Q q 0 0 0 rg BT 124.55 656.10 Td (yoming, ) Tj ET Q q 0 0 0 rg BT 160.83 656.10 Td (as ) Tj ET Q q 0 0 0 rg BT 172.37 656.10 Td (of ) Tj ET Q q 0 0 0 rg BT 183.92 656.10 Td (December ) Tj ET Q q 0 0 0 rg BT 228.22 656.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 243.94 656.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 269.66 656.10 Td (were ) Tj ET Q q 0 0 0 rg BT 292.30 656.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 333.84 656.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.84 656.10 Td (be ) Tj ET Q q 0 0 0 rg BT 357.50 656.10 Td (5,456,293 ) Tj ET Q q 0 0 0 rg BT 400.71 656.10 Td (MMcf. ) Tj ET Q q 0 0 0 rg BT 431.75 656.10 Td (This ) Tj ET Q q 0 0 0 rg BT 452.75 656.10 Td (amount ) Tj ET Q q 0 0 0 rg BT 485.96 656.10 Td (includes ) Tj ET Q q 0 0 0 rg BT 522.50 656.10 Td (5,071,338 ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 644.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 76.35 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 85.98 644.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 128.38 644.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 162.44 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 178.18 644.10 Td (384,955 ) Tj ET Q q 0 0 0 rg BT 211.98 644.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 238.83 644.10 Td (of ) Tj ET Q q 0 0 0 rg BT 248.46 644.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 300.86 644.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 337.42 644.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 379.40 644.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 408.47 644.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 436.98 644.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 468.28 644.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 482.91 644.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 516.97 644.10 Td (attributable ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 59.62 632.10 Td (its ) Tj ET Q q 0 0 0 rg BT 71.40 632.10 Td (working ) Tj ET Q q 0 0 0 rg BT 107.07 632.10 Td (interest ) Tj ET Q q 0 0 0 rg BT 138.84 632.10 Td (were ) Tj ET Q q 0 0 0 rg BT 160.61 632.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 201.27 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 211.38 632.10 Td (be ) Tj ET Q q 0 0 0 rg BT 223.16 632.10 Td (5,237,090 ) Tj ET Q q 0 0 0 rg BT 265.50 632.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 295.89 632.10 Td (of ) Tj ET Q q 0 0 0 rg BT 306.55 632.10 Td (which ) Tj ET Q q 0 0 0 rg BT 333.33 632.10 Td (4,758,264 ) Tj ET Q q 0 0 0 rg BT 375.67 632.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 403.56 632.10 Td (are ) Tj ET Q q 0 0 0 rg BT 418.10 632.10 Td (developed. ) Tj ET Q q 0 0 0 rg BT 463.87 632.10 Td (The ) Tj ET Q q 0 0 0 rg BT 481.75 632.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 505.20 632.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 535.31 632.10 Td (carbon ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 620.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 82.49 620.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 118.25 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 132.91 620.10 Td (the ) Tj ET Q q 0 0 0 rg BT 148.12 620.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 189.43 620.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 232.41 620.10 Td (were ) Tj ET Q q 0 0 0 rg BT 254.83 620.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 296.15 620.10 Td (to ) Tj ET Q q 0 0 0 rg BT 306.93 620.10 Td (be ) Tj ET Q q 0 0 0 rg BT 319.36 620.10 Td (8,975,860 ) Tj ET Q q 0 0 0 rg BT 362.36 620.10 Td (MMcf, ) Tj ET Q q 0 0 0 rg BT 393.41 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 404.74 620.10 Td (which ) Tj ET Q q 0 0 0 rg BT 432.17 620.10 Td (8,480,860 ) Tj ET Q q 0 0 0 rg BT 475.17 620.10 Td (MMcf ) Tj ET Q q 0 0 0 rg BT 503.72 620.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.92 620.10 Td (developed. ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 608.10 Td (The ) Tj ET Q q 0 0 0 rg BT 67.32 608.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 97.37 608.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 126.85 608.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 159.13 608.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 194.16 608.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 233.65 608.10 Td (have ) Tj ET Q q 0 0 0 rg BT 254.80 608.10 Td (been ) Tj ET Q q 0 0 0 rg BT 275.96 608.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 313.21 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 325.49 608.10 Td (applying ) Tj ET Q q 0 0 0 rg BT 362.76 608.10 Td (the ) Tj ET Q q 0 0 0 rg BT 377.25 608.10 Td (same ) Tj ET Q q 0 0 0 rg BT 400.08 608.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 435.11 608.10 Td (definitions ) Tj ET Q q 0 0 0 rg BT 480.16 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 490.77 608.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 515.82 608.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 547.53 608.10 Td (\(1\)-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 596.10 Td (\(32\) ) Tj ET Q q 0 0 0 rg BT 68.66 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 79.49 596.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 125.87 596.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 144.49 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 155.32 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 170.03 596.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 190.87 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 205.03 596.10 Td (gas. ) Tj ET Q q 0 0 0 rg BT 223.36 596.10 Td (No ) Tj ET Q q 0 0 0 rg BT 238.08 596.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 272.23 596.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 311.94 596.10 Td (have ) Tj ET Q q 0 0 0 rg BT 333.32 596.10 Td (been ) Tj ET Q q 0 0 0 rg BT 354.70 596.10 Td (made ) Tj ET Q q 0 0 0 rg BT 378.85 596.10 Td (for ) Tj ET Q q 0 0 0 rg BT 393.01 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 407.73 596.10 Td (carbon ) Tj ET Q q 0 0 0 rg BT 437.43 596.10 Td (dioxide ) Tj ET Q q 0 0 0 rg BT 469.93 596.10 Td (reserves.) Tj ET Q BT /F2 10.00 Tf ET 0 0 0 RG /GS0 gs 0.95 w 0 i [] 0 d 1 J 1 j 3 M 49.5 570.53505859375 m 187.2783203125 570.53505859375 l s q 0 0 0 rg BT 49.50 572.10 Td (Primary ) Tj ET Q q 0 0 0 rg BT 88.09 572.10 Td (Economic ) Tj ET Q q 0 0 0 rg BT 132.26 572.10 Td (Assumptions) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 548.10 Td (V) Tj ET Q q 0 0 0 rg BT 91.61 548.10 Td (alues ) Tj ET Q q 0 0 0 rg BT 114.58 548.10 Td (shown ) Tj ET Q q 0 0 0 rg BT 143.11 548.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 170.52 548.10 Td (are ) Tj ET Q q 0 0 0 rg BT 185.14 548.10 Td (expressed ) Tj ET Q q 0 0 0 rg BT 226.99 548.10 Td (in ) Tj ET Q q 0 0 0 rg BT 237.19 548.10 Td (terms ) Tj ET Q q 0 0 0 rg BT 261.83 548.10 Td (of ) Tj ET Q q 0 0 0 rg BT 272.58 548.10 Td (future ) Tj ET Q q 0 0 0 rg BT 298.87 548.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 322.40 548.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 358.97 548.10 Td (future ) Tj ET Q q 0 0 0 rg BT 385.27 548.10 Td (net ) Tj ET Q q 0 0 0 rg BT 399.90 548.10 Td (revenue, ) Tj ET Q q 0 0 0 rg BT 436.47 548.10 Td (and ) Tj ET Q q 0 0 0 rg BT 453.32 548.10 Td (present ) Tj ET Q q 0 0 0 rg BT 484.62 548.10 Td (worth. ) Tj ET Q q 0 0 0 rg BT 512.87 548.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 541.40 548.10 Td (gross ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 536.10 Td (value ) Tj ET Q q 0 0 0 rg BT 73.67 536.10 Td (is ) Tj ET Q q 0 0 0 rg BT 82.86 536.10 Td (that ) Tj ET Q q 0 0 0 rg BT 100.38 536.10 Td (value ) Tj ET Q q 0 0 0 rg BT 124.55 536.10 Td (which ) Tj ET Q q 0 0 0 rg BT 151.51 536.10 Td (will ) Tj ET Q q 0 0 0 rg BT 169.59 536.10 Td (accrue ) Tj ET Q q 0 0 0 rg BT 198.19 536.10 Td (to ) Tj ET Q q 0 0 0 rg BT 208.49 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 223.23 536.10 Td (evaluated ) Tj ET Q q 0 0 0 rg BT 264.06 536.10 Td (interests ) Tj ET Q q 0 0 0 rg BT 299.90 536.10 Td (from ) Tj ET Q q 0 0 0 rg BT 321.86 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 336.59 536.10 Td (production ) Tj ET Q q 0 0 0 rg BT 382.44 536.10 Td (and ) Tj ET Q q 0 0 0 rg BT 399.40 536.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 417.46 536.10 Td (of ) Tj ET Q q 0 0 0 rg BT 428.31 536.10 Td (the ) Tj ET Q q 0 0 0 rg BT 443.05 536.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 483.89 536.10 Td (net ) Tj ET Q q 0 0 0 rg BT 498.63 536.10 Td (reserves. ) Tj ET Q q 0 0 0 rg BT 536.40 536.10 Td (Future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 524.10 Td (net ) Tj ET Q q 0 0 0 rg BT 66.13 524.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 102.20 524.10 Td (is ) Tj ET Q q 0 0 0 rg BT 113.28 524.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 158.23 524.10 Td (by ) Tj ET Q q 0 0 0 rg BT 172.65 524.10 Td (deducting ) Tj ET Q q 0 0 0 rg BT 216.50 524.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 259.24 524.10 Td (production ) Tj ET Q q 0 0 0 rg BT 306.98 524.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 334.44 524.10 Td (ad ) Tj ET Q q 0 0 0 rg BT 348.30 524.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 385.48 524.10 Td (taxes, ) Tj ET Q q 0 0 0 rg BT 412.94 524.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 455.13 524.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 498.14 524.10 Td (and ) Tj ET Q q 0 0 0 rg BT 517.00 524.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 548.07 524.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 512.10 Td (abandonment ) Tj ET Q q 0 0 0 rg BT 105.80 512.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 128.23 512.10 Td (from ) Tj ET Q q 0 0 0 rg BT 150.10 512.10 Td (the ) Tj ET Q q 0 0 0 rg BT 164.74 512.10 Td (future ) Tj ET Q q 0 0 0 rg BT 191.05 512.10 Td (gross ) Tj ET Q q 0 0 0 rg BT 214.59 512.10 Td (revenue. ) Tj ET Q q 0 0 0 rg BT 251.16 512.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 293.57 512.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 332.10 512.10 Td (include ) Tj ET Q q 0 0 0 rg BT 363.96 512.10 Td (field ) Tj ET Q q 0 0 0 rg BT 384.72 512.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 424.91 512.10 Td (expenses, ) Tj ET Q q 0 0 0 rg BT 465.94 512.10 Td (transportation ) Tj ET Q q 0 0 0 rg BT 523.91 512.10 Td (expenses, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 500.10 Td (compression ) Tj ET Q q 0 0 0 rg BT 102.21 500.10 Td (char) Tj ET Q q 0 0 0 rg BT 119.23 500.10 Td (ges, ) Tj ET Q q 0 0 0 rg BT 137.22 500.10 Td (and ) Tj ET Q q 0 0 0 rg BT 153.82 500.10 Td (an ) Tj ET Q q 0 0 0 rg BT 165.42 500.10 Td (allocation ) Tj ET Q q 0 0 0 rg BT 207.01 500.10 Td (of ) Tj ET Q q 0 0 0 rg BT 217.50 500.10 Td (overhead ) Tj ET Q q 0 0 0 rg BT 256.30 500.10 Td (that ) Tj ET Q q 0 0 0 rg BT 273.46 500.10 Td (directly ) Tj ET Q q 0 0 0 rg BT 306.16 500.10 Td (relates ) Tj ET Q q 0 0 0 rg BT 334.41 500.10 Td (to ) Tj ET Q q 0 0 0 rg BT 344.35 500.10 Td (production ) Tj ET Q q 0 0 0 rg BT 389.83 500.10 Td (activities. ) Tj ET Q q 0 0 0 rg BT 430.59 500.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 458.86 500.10 Td (income ) Tj ET Q q 0 0 0 rg BT 490.45 500.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 504.83 500.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 543.09 500.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 488.10 Td (not ) Tj ET Q q 0 0 0 rg BT 64.24 488.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 87.86 488.10 Td (into ) Tj ET Q q 0 0 0 rg BT 105.38 488.10 Td (account ) Tj ET Q q 0 0 0 rg BT 138.44 488.10 Td (in ) Tj ET Q q 0 0 0 rg BT 148.18 488.10 Td (the ) Tj ET Q q 0 0 0 rg BT 162.37 488.10 Td (preparation ) Tj ET Q q 0 0 0 rg BT 209.86 488.10 Td (of ) Tj ET Q q 0 0 0 rg BT 220.16 488.10 Td (these ) Tj ET Q q 0 0 0 rg BT 242.67 488.10 Td (estimates. ) Tj ET Q q 0 0 0 rg BT 284.34 488.10 Td (Present ) Tj ET Q q 0 0 0 rg BT 315.75 488.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 341.04 488.10 Td (is ) Tj ET Q q 0 0 0 rg BT 349.68 488.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 381.63 488.10 Td (as ) Tj ET Q q 0 0 0 rg BT 391.92 488.10 Td (future ) Tj ET Q q 0 0 0 rg BT 417.76 488.10 Td (net ) Tj ET Q q 0 0 0 rg BT 431.94 488.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 465.55 488.10 Td (discounted ) Tj ET Q q 0 0 0 rg BT 510.84 488.10 Td (at ) Tj ET Q q 0 0 0 rg BT 520.02 488.10 Td (a ) Tj ET Q q 0 0 0 rg BT 526.43 488.10 Td (specified ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 476.10 Td (arbitrary ) Tj ET Q q 0 0 0 rg BT 86.03 476.10 Td (discount ) Tj ET Q q 0 0 0 rg BT 122.02 476.10 Td (rate ) Tj ET Q q 0 0 0 rg BT 139.11 476.10 Td (compounded ) Tj ET Q q 0 0 0 rg BT 192.87 476.10 Td (monthly ) Tj ET Q q 0 0 0 rg BT 228.31 476.10 Td (over ) Tj ET Q q 0 0 0 rg BT 248.18 476.10 Td (the ) Tj ET Q q 0 0 0 rg BT 262.50 476.10 Td (expected ) Tj ET Q q 0 0 0 rg BT 300.14 476.10 Td (period ) Tj ET Q q 0 0 0 rg BT 327.79 476.10 Td (of ) Tj ET Q q 0 0 0 rg BT 338.23 476.10 Td (realization. ) Tj ET Q q 0 0 0 rg BT 385.03 476.10 Td (Present ) Tj ET Q q 0 0 0 rg BT 416.57 476.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 442.00 476.10 Td (should ) Tj ET Q q 0 0 0 rg BT 470.78 476.10 Td (not ) Tj ET Q q 0 0 0 rg BT 485.66 476.10 Td (be ) Tj ET Q q 0 0 0 rg BT 497.21 476.10 Td (construed ) Tj ET Q q 0 0 0 rg BT 538.19 476.10 Td (as ) Tj ET Q q 0 0 0 rg BT 548.62 476.10 Td (fair ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 464.10 Td (market ) Tj ET Q q 0 0 0 rg BT 79.42 464.10 Td (value ) Tj ET Q q 0 0 0 rg BT 103.23 464.10 Td (because ) Tj ET Q q 0 0 0 rg BT 137.03 464.10 Td (no ) Tj ET Q q 0 0 0 rg BT 149.19 464.10 Td (consideration ) Tj ET Q q 0 0 0 rg BT 205.22 464.10 Td (was ) Tj ET Q q 0 0 0 rg BT 222.92 464.10 Td (given ) Tj ET Q q 0 0 0 rg BT 247.30 464.10 Td (to ) Tj ET Q q 0 0 0 rg BT 257.23 464.10 Td (additional ) Tj ET Q q 0 0 0 rg BT 299.38 464.10 Td (factors ) Tj ET Q q 0 0 0 rg BT 328.74 464.10 Td (that ) Tj ET Q q 0 0 0 rg BT 345.89 464.10 Td (influence ) Tj ET Q q 0 0 0 rg BT 385.25 464.10 Td (the ) Tj ET Q q 0 0 0 rg BT 399.62 464.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 425.65 464.10 Td (at ) Tj ET Q q 0 0 0 rg BT 435.02 464.10 Td (which ) Tj ET Q q 0 0 0 rg BT 461.62 464.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 503.76 464.10 Td (are ) Tj ET Q q 0 0 0 rg BT 518.12 464.10 Td (bought ) Tj ET Q q 0 0 0 rg BT 548.06 464.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 452.10 Td (sold.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 428.10 Td (Revenue ) Tj ET Q q 0 0 0 rg BT 122.97 428.10 Td (values ) Tj ET Q q 0 0 0 rg BT 151.00 428.10 Td (in ) Tj ET Q q 0 0 0 rg BT 161.27 428.10 Td (this ) Tj ET Q q 0 0 0 rg BT 178.20 428.10 Td (report ) Tj ET Q q 0 0 0 rg BT 204.56 428.10 Td (were ) Tj ET Q q 0 0 0 rg BT 226.48 428.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 267.28 428.10 Td (using ) Tj ET Q q 0 0 0 rg BT 291.44 428.10 Td (the ) Tj ET Q q 0 0 0 rg BT 306.14 428.10 Td (initial ) Tj ET Q q 0 0 0 rg BT 331.96 428.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 358.32 428.10 Td (and ) Tj ET Q q 0 0 0 rg BT 375.24 428.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 397.73 428.10 Td (specified ) Tj ET Q q 0 0 0 rg BT 436.31 428.10 Td (by ) Tj ET Q q 0 0 0 rg BT 448.79 428.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 483.13 428.10 Td (. ) Tj ET Q q 0 0 0 rg BT 488.12 428.10 Td (Future ) Tj ET Q q 0 0 0 rg BT 516.71 428.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 543.07 428.10 Td (were ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 416.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 90.03 416.10 Td (using ) Tj ET Q q 0 0 0 rg BT 113.91 416.10 Td (guidelines ) Tj ET Q q 0 0 0 rg BT 157.22 416.10 Td (established ) Tj ET Q q 0 0 0 rg BT 203.86 416.10 Td (by ) Tj ET Q q 0 0 0 rg BT 216.07 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.50 416.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 251.04 416.10 Td (and ) Tj ET Q q 0 0 0 rg BT 267.69 416.10 Td (the ) Tj ET Q q 0 0 0 rg BT 282.12 416.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 321.05 416.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 369.91 416.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 411.56 416.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 438.21 416.10 Td (\(F) Tj ET Q q 0 0 0 rg BT 446.36 416.10 Td (ASB\). ) Tj ET Q q 0 0 0 rg BT 473.69 416.10 Td (The ) Tj ET Q q 0 0 0 rg BT 491.44 416.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 517.53 416.10 Td (used ) Tj ET Q q 0 0 0 rg BT 538.07 416.10 Td (in ) Tj ET Q q 0 0 0 rg BT 548.05 416.10 Td (this ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 404.10 Td (report ) Tj ET Q q 0 0 0 rg BT 75.88 404.10 Td (were ) Tj ET Q q 0 0 0 rg BT 97.81 404.10 Td (based ) Tj ET Q q 0 0 0 rg BT 123.07 404.10 Td (on ) Tj ET Q q 0 0 0 rg BT 135.57 404.10 Td (SEC ) Tj ET Q q 0 0 0 rg BT 156.41 404.10 Td (guidelines. ) Tj ET Q q 0 0 0 rg BT 202.34 404.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.38 404.10 Td (assumptions ) Tj ET Q q 0 0 0 rg BT 272.33 404.10 Td (used ) Tj ET Q q 0 0 0 rg BT 293.16 404.10 Td (for ) Tj ET Q q 0 0 0 rg BT 307.32 404.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 351.48 404.10 Td (future ) Tj ET Q q 0 0 0 rg BT 377.86 404.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 404.24 404.10 Td (and ) Tj ET Q q 0 0 0 rg BT 421.17 404.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 459.77 404.10 Td (are ) Tj ET Q q 0 0 0 rg BT 474.48 404.10 Td (as ) Tj ET Q q 0 0 0 rg BT 485.31 404.10 Td (follows:) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 380.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 100.78 380.10 Td (and ) Tj ET Q q 0 0 0 rg BT 118.28 380.10 Td (Condensate ) Tj ET Q q 0 0 0 rg BT 168.00 380.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 356.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.32 356.10 Td (has ) Tj ET Q q 0 0 0 rg BT 155.49 356.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 203.40 356.10 Td (that ) Tj ET Q q 0 0 0 rg BT 220.23 356.10 Td (the ) Tj ET Q q 0 0 0 rg BT 234.28 356.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 246.67 356.10 Td (and ) Tj ET Q q 0 0 0 rg BT 262.95 356.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 309.20 356.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 334.91 356.10 Td (were ) Tj ET Q q 0 0 0 rg BT 356.18 356.10 Td (based ) Tj ET Q q 0 0 0 rg BT 380.78 356.10 Td (on ) Tj ET Q q 0 0 0 rg BT 392.61 356.10 Td (a ) Tj ET Q q 0 0 0 rg BT 398.88 356.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 439.60 356.10 Td (average ) Tj ET Q q 0 0 0 rg BT 472.52 356.10 Td (price ) Tj ET Q q 0 0 0 rg BT 494.34 356.10 Td (\(reference ) Tj ET Q q 0 0 0 rg BT 536.69 356.10 Td (price\), ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 344.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 146.89 344.10 Td (as ) Tj ET Q q 0 0 0 rg BT 158.09 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 173.17 344.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 222.69 344.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 266.09 344.10 Td (average ) Tj ET Q q 0 0 0 rg BT 300.04 344.10 Td (of ) Tj ET Q q 0 0 0 rg BT 311.24 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 326.32 344.10 Td (first ) Tj ET Q q 0 0 0 rg BT 345.29 344.10 Td (day-of-the-month ) Tj ET Q q 0 0 0 rg BT 418.69 344.10 Td (price ) Tj ET Q q 0 0 0 rg BT 441.54 344.10 Td (for ) Tj ET Q q 0 0 0 rg BT 456.07 344.10 Td (each ) Tj ET Q q 0 0 0 rg BT 477.25 344.10 Td (month ) Tj ET Q q 0 0 0 rg BT 505.67 344.10 Td (within ) Tj ET Q q 0 0 0 rg BT 534.09 344.10 Td (the ) Tj ET Q q 0 0 0 rg BT 549.17 344.10 Td (12-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 332.10 Td (month ) Tj ET Q q 0 0 0 rg BT 130.94 332.10 Td (period ) Tj ET Q q 0 0 0 rg BT 158.36 332.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 179.68 332.10 Td (to ) Tj ET Q q 0 0 0 rg BT 189.34 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 203.43 332.10 Td (end ) Tj ET Q q 0 0 0 rg BT 219.75 332.10 Td (of ) Tj ET Q q 0 0 0 rg BT 229.96 332.10 Td (the ) Tj ET Q q 0 0 0 rg BT 244.05 332.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 282.59 332.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 312.51 332.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 339.39 332.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 365.15 332.10 Td (are ) Tj ET Q q 0 0 0 rg BT 379.23 332.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 411.10 332.10 Td (by ) Tj ET Q q 0 0 0 rg BT 422.98 332.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 469.28 332.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 527.52 332.10 Td (Denbury ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 320.10 Td (supplied ) Tj ET Q q 0 0 0 rg BT 140.18 320.10 Td (dif) Tj ET Q q 0 0 0 rg BT 151.10 320.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 191.10 320.10 Td (by ) Tj ET Q q 0 0 0 rg BT 203.89 320.10 Td (field ) Tj ET Q q 0 0 0 rg BT 225.00 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 235.57 320.10 Td (a ) Tj ET Q q 0 0 0 rg BT 242.80 320.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 282.25 320.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 322.22 320.10 Td (price ) Tj ET Q q 0 0 0 rg BT 345.00 320.10 Td (of ) Tj ET Q q 0 0 0 rg BT 356.12 320.10 Td ($42.75 ) Tj ET Q q 0 0 0 rg BT 386.41 320.10 Td (per ) Tj ET Q q 0 0 0 rg BT 401.96 320.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 428.07 320.10 Td (and ) Tj ET Q q 0 0 0 rg BT 445.30 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 460.30 320.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 486.97 320.10 Td (were ) Tj ET Q q 0 0 0 rg BT 509.19 320.10 Td (held ) Tj ET Q q 0 0 0 rg BT 529.20 320.10 Td (constant ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 308.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 141.25 308.10 Td (. ) Tj ET Q q 0 0 0 rg BT 145.78 308.10 Td (The ) Tj ET Q q 0 0 0 rg BT 163.52 308.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 197.93 308.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 270.10 308.10 Td (average ) Tj ET Q q 0 0 0 rg BT 303.38 308.10 Td (oil ) Tj ET Q q 0 0 0 rg BT 316.13 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 332.77 308.10 Td (condensate ) Tj ET Q q 0 0 0 rg BT 379.38 308.10 Td (price ) Tj ET Q q 0 0 0 rg BT 401.56 308.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 449.29 308.10 Td (to ) Tj ET Q q 0 0 0 rg BT 459.27 308.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.78 308.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.74 308.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 296.10 Td (was ) Tj ET Q q 0 0 0 rg BT 121.55 296.10 Td ($39.36 ) Tj ET Q q 0 0 0 rg BT 151.55 296.10 Td (per ) Tj ET Q q 0 0 0 rg BT 166.82 296.10 Td (barrel.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 272.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 104.77 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 107.27 272.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 248.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.98 248.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.81 248.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 205.38 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 222.87 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 237.58 248.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 257.76 248.10 Td ( ) Tj ET Q q 0 0 0 rg BT 260.25 248.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 286.62 248.10 Td (were ) Tj ET Q q 0 0 0 rg BT 308.54 248.10 Td (based ) Tj ET Q q 0 0 0 rg BT 333.81 248.10 Td (on ) Tj ET Q q 0 0 0 rg BT 346.30 248.10 Td (a ) Tj ET Q q 0 0 0 rg BT 353.23 248.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 394.61 248.10 Td (average ) Tj ET Q q 0 0 0 rg BT 428.19 248.10 Td (price ) Tj ET Q q 0 0 0 rg BT 450.66 248.10 Td (\(reference ) Tj ET Q q 0 0 0 rg BT 493.67 248.10 Td (price\), ) Tj ET Q q 0 0 0 rg BT 521.98 248.10 Td (calculated ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 236.10 Td (as ) Tj ET Q q 0 0 0 rg BT 113.96 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 128.30 236.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 177.09 236.10 Td (arithmetic ) Tj ET Q q 0 0 0 rg BT 219.75 236.10 Td (average ) Tj ET Q q 0 0 0 rg BT 252.97 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 263.43 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 277.77 236.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 369.87 236.10 Td (price ) Tj ET Q q 0 0 0 rg BT 391.99 236.10 Td (for ) Tj ET Q q 0 0 0 rg BT 405.78 236.10 Td (each ) Tj ET Q q 0 0 0 rg BT 426.22 236.10 Td (month ) Tj ET Q q 0 0 0 rg BT 453.91 236.10 Td (within ) Tj ET Q q 0 0 0 rg BT 481.59 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 495.94 236.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 536.95 236.10 Td (period ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 224.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 126.01 224.10 Td (to ) Tj ET Q q 0 0 0 rg BT 136.86 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.15 224.10 Td (end ) Tj ET Q q 0 0 0 rg BT 169.66 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 181.07 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 196.36 224.10 Td (reporting ) Tj ET Q q 0 0 0 rg BT 236.08 224.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 267.20 224.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 295.28 224.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 322.23 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 337.51 224.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 370.56 224.10 Td (by ) Tj ET Q q 0 0 0 rg BT 383.64 224.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 431.13 224.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 490.56 224.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 528.63 224.10 Td (supplied ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 212.10 Td (dif) Tj ET Q q 0 0 0 rg BT 114.43 212.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 154.21 212.10 Td (by ) Tj ET Q q 0 0 0 rg BT 166.79 212.10 Td (field ) Tj ET Q q 0 0 0 rg BT 187.70 212.10 Td (to ) Tj ET Q q 0 0 0 rg BT 198.06 212.10 Td (a ) Tj ET Q q 0 0 0 rg BT 205.07 212.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 244.84 212.10 Td (price ) Tj ET Q q 0 0 0 rg BT 267.40 212.10 Td (of ) Tj ET Q q 0 0 0 rg BT 278.31 212.10 Td ($42.75 ) Tj ET Q q 0 0 0 rg BT 308.40 212.10 Td (per ) Tj ET Q q 0 0 0 rg BT 323.74 212.10 Td (barrel ) Tj ET Q q 0 0 0 rg BT 349.64 212.10 Td (and ) Tj ET Q q 0 0 0 rg BT 366.66 212.10 Td (the ) Tj ET Q q 0 0 0 rg BT 381.46 212.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 407.91 212.10 Td (were ) Tj ET Q q 0 0 0 rg BT 429.92 212.10 Td (held ) Tj ET Q q 0 0 0 rg BT 449.72 212.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 485.63 212.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 523.38 212.10 Td (. ) Tj ET Q q 0 0 0 rg BT 528.27 212.10 Td (The ) Tj ET Q q 0 0 0 rg BT 546.40 212.10 Td (pre-) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 200.10 Td (NPI ) Tj ET Q q 0 0 0 rg BT 122.11 200.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 194.59 200.10 Td (average ) Tj ET Q q 0 0 0 rg BT 228.18 200.10 Td (NGL) Tj ET Q q 0 0 0 rg BT 248.36 200.10 Td ( ) Tj ET Q q 0 0 0 rg BT 250.86 200.10 Td (price ) Tj ET Q q 0 0 0 rg BT 273.34 200.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 321.38 200.10 Td (to ) Tj ET Q q 0 0 0 rg BT 331.66 200.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 372.48 200.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 402.75 200.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 438.01 200.10 Td (was ) Tj ET Q q 0 0 0 rg BT 456.06 200.10 Td ($25.65 ) Tj ET Q q 0 0 0 rg BT 486.06 200.10 Td (per ) Tj ET Q q 0 0 0 rg BT 501.33 200.10 Td (barrel.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 176.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 104.11 176.10 Td (Prices) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 152.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 140.58 152.10 Td (has ) Tj ET Q q 0 0 0 rg BT 156.01 152.10 Td (represented ) Tj ET Q q 0 0 0 rg BT 204.19 152.10 Td (that ) Tj ET Q q 0 0 0 rg BT 221.28 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 235.59 152.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 251.01 152.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 276.99 152.10 Td (were ) Tj ET Q q 0 0 0 rg BT 298.51 152.10 Td (based ) Tj ET Q q 0 0 0 rg BT 323.37 152.10 Td (on ) Tj ET Q q 0 0 0 rg BT 335.47 152.10 Td (a ) Tj ET Q q 0 0 0 rg BT 342.00 152.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 381.28 152.10 Td (price, ) Tj ET Q q 0 0 0 rg BT 405.86 152.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 448.48 152.10 Td (as ) Tj ET Q q 0 0 0 rg BT 458.91 152.10 Td (the ) Tj ET Q q 0 0 0 rg BT 473.22 152.10 Td (unweighted ) Tj ET Q q 0 0 0 rg BT 521.97 152.10 Td (arithmetic ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 140.10 Td (average ) Tj ET Q q 0 0 0 rg BT 136.17 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 146.09 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 159.90 140.10 Td (first-day-of-the-month ) Tj ET Q q 0 0 0 rg BT 251.46 140.10 Td (price ) Tj ET Q q 0 0 0 rg BT 273.03 140.10 Td (for ) Tj ET Q q 0 0 0 rg BT 286.28 140.10 Td (each ) Tj ET Q q 0 0 0 rg BT 306.19 140.10 Td (month ) Tj ET Q q 0 0 0 rg BT 333.33 140.10 Td (within ) Tj ET Q q 0 0 0 rg BT 360.48 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 374.29 140.10 Td (12-month ) Tj ET Q q 0 0 0 rg BT 414.76 140.10 Td (period ) Tj ET Q q 0 0 0 rg BT 441.90 140.10 Td (prior ) Tj ET Q q 0 0 0 rg BT 462.93 140.10 Td (to ) Tj ET Q q 0 0 0 rg BT 472.29 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 486.10 140.10 Td (end ) Tj ET Q q 0 0 0 rg BT 502.13 140.10 Td (of ) Tj ET Q q 0 0 0 rg BT 512.05 140.10 Td (the ) Tj ET Q q 0 0 0 rg BT 525.85 140.10 Td (reporting ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 128.10 Td (period, ) Tj ET Q q 0 0 0 rg BT 133.49 128.10 Td (unless ) Tj ET Q q 0 0 0 rg BT 160.42 128.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 186.24 128.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.38 128.10 Td (defined ) Tj ET Q q 0 0 0 rg BT 232.31 128.10 Td (by ) Tj ET Q q 0 0 0 rg BT 244.25 128.10 Td (contractual ) Tj ET Q q 0 0 0 rg BT 290.60 128.10 Td (arrangements. ) Tj ET Q q 0 0 0 rg BT 348.77 128.10 Td (The ) Tj ET Q q 0 0 0 rg BT 366.25 128.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 381.52 128.10 Td (prices ) Tj ET Q q 0 0 0 rg BT 407.33 128.10 Td (were ) Tj ET Q q 0 0 0 rg BT 428.70 128.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 471.17 128.10 Td (for ) Tj ET Q q 0 0 0 rg BT 484.77 128.10 Td (each ) Tj ET Q q 0 0 0 rg BT 505.02 128.10 Td (property ) Tj ET Q q 0 0 0 rg BT 540.84 128.10 Td (using ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 116.10 Td (dif) Tj ET Q q 0 0 0 rg BT 114.43 116.10 Td (ferentials ) Tj ET Q q 0 0 0 rg BT 154.45 116.10 Td (to ) Tj ET Q q 0 0 0 rg BT 165.05 116.10 Td (the ) Tj ET Q q 0 0 0 rg BT 180.09 116.10 Td (NYMEX ) Tj ET Q q 0 0 0 rg BT 219.58 116.10 Td (reference ) Tj ET Q q 0 0 0 rg BT 259.58 116.10 Td (price ) Tj ET Q q 0 0 0 rg BT 282.39 116.10 Td (of ) Tj ET Q q 0 0 0 rg BT 293.54 116.10 Td ($2.551 ) Tj ET Q q 0 0 0 rg BT 323.86 116.10 Td (per ) Tj ET Q q 0 0 0 rg BT 339.45 116.10 Td (million ) Tj ET Q q 0 0 0 rg BT 371.16 116.10 Td (British ) Tj ET Q q 0 0 0 rg BT 401.21 116.10 Td (thermal ) Tj ET Q q 0 0 0 rg BT 434.57 116.10 Td (units ) Tj ET Q q 0 0 0 rg BT 456.84 116.10 Td (furnished ) Tj ET Q q 0 0 0 rg BT 497.43 116.10 Td (by ) Tj ET Q q 0 0 0 rg BT 510.25 116.10 Td (Denbury ) Tj ET Q q 0 0 0 rg BT 548.06 116.10 Td (and ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 104.10 Td (held ) Tj ET Q q 0 0 0 rg BT 123.34 104.10 Td (constant ) Tj ET Q q 0 0 0 rg BT 159.29 104.10 Td (thereafter) Tj ET Q q 0 0 0 rg BT 197.04 104.10 Td (. ) Tj ET Q q 0 0 0 rg BT 201.97 104.10 Td (The ) Tj ET Q q 0 0 0 rg BT 220.14 104.10 Td (pre-NPI ) Tj ET Q q 0 0 0 rg BT 254.98 104.10 Td (volume-weighted ) Tj ET Q q 0 0 0 rg BT 327.58 104.10 Td (average ) Tj ET Q q 0 0 0 rg BT 361.29 104.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 377.24 104.10 Td (price ) Tj ET Q q 0 0 0 rg BT 399.85 104.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 448.01 104.10 Td (to ) Tj ET Q q 0 0 0 rg BT 458.41 104.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 499.36 104.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 104.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 92.10 Td (was ) Tj ET Q q 0 0 0 rg BT 121.55 92.10 Td ($1.901 ) Tj ET Q q 0 0 0 rg BT 151.55 92.10 Td (per ) Tj ET Q q 0 0 0 rg BT 166.82 92.10 Td (thousand ) Tj ET Q q 0 0 0 rg BT 205.43 92.10 Td (cubic ) Tj ET Q q 0 0 0 rg BT 229.58 92.10 Td (feet.) Tj ET Q endstream endobj 329 0 obj <> endobj 330 0 obj <> stream BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 740.10 Td (Pr) Tj ET Q q 0 0 0 rg BT 95.13 740.10 Td (oduction ) Tj ET Q q 0 0 0 rg BT 132.62 740.10 Td (and ) Tj ET Q q 0 0 0 rg BT 149.94 740.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 163.55 740.10 Td (V) Tj ET Q q 0 0 0 rg BT 168.55 740.10 Td (alor) Tj ET Q q 0 0 0 rg BT 184.85 740.10 Td (em ) Tj ET Q q 0 0 0 rg BT 199.01 740.10 Td (T) Tj ET Q q 0 0 0 rg BT 203.65 740.10 Td (axes) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 716.10 Td (Production ) Tj ET Q q 0 0 0 rg BT 150.37 716.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 173.89 716.10 Td (were ) Tj ET Q q 0 0 0 rg BT 196.30 716.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 239.81 716.10 Td (using ) Tj ET Q q 0 0 0 rg BT 264.46 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.66 716.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 301.51 716.10 Td (for ) Tj ET Q q 0 0 0 rg BT 316.15 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 331.35 716.10 Td (state ) Tj ET Q q 0 0 0 rg BT 352.66 716.10 Td (or ) Tj ET Q q 0 0 0 rg BT 363.97 716.10 Td (area ) Tj ET Q q 0 0 0 rg BT 383.59 716.10 Td (in ) Tj ET Q q 0 0 0 rg BT 394.35 716.10 Td (which ) Tj ET Q q 0 0 0 rg BT 421.77 716.10 Td (the ) Tj ET Q q 0 0 0 rg BT 436.96 716.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 472.70 716.10 Td (are ) Tj ET Q q 0 0 0 rg BT 487.89 716.10 Td (located, ) Tj ET Q q 0 0 0 rg BT 522.24 716.10 Td (including, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 704.10 Td (where ) Tj ET Q q 0 0 0 rg BT 130.95 704.10 Td (appropriate, ) Tj ET Q q 0 0 0 rg BT 182.01 704.10 Td (abatements ) Tj ET Q q 0 0 0 rg BT 230.02 704.10 Td (for ) Tj ET Q q 0 0 0 rg BT 244.70 704.10 Td (enhanced ) Tj ET Q q 0 0 0 rg BT 285.48 704.10 Td (recovery ) Tj ET Q q 0 0 0 rg BT 323.48 704.10 Td (programs. ) Tj ET Q q 0 0 0 rg BT 366.11 704.10 Td (Ad ) Tj ET Q q 0 0 0 rg BT 381.35 704.10 Td (valorem ) Tj ET Q q 0 0 0 rg BT 417.14 704.10 Td (taxes ) Tj ET Q q 0 0 0 rg BT 440.71 704.10 Td (were ) Tj ET Q q 0 0 0 rg BT 463.17 704.10 Td (calculated ) Tj ET Q q 0 0 0 rg BT 506.72 704.10 Td (using ) Tj ET Q q 0 0 0 rg BT 531.41 704.10 Td (average ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 692.10 Td (rates ) Tj ET Q q 0 0 0 rg BT 124.88 692.10 Td (for ) Tj ET Q q 0 0 0 rg BT 139.04 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 153.75 692.10 Td (states ) Tj ET Q q 0 0 0 rg BT 178.47 692.10 Td (in ) Tj ET Q q 0 0 0 rg BT 188.75 692.10 Td (which ) Tj ET Q q 0 0 0 rg BT 215.69 692.10 Td (the ) Tj ET Q q 0 0 0 rg BT 230.40 692.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 265.66 692.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.37 692.10 Td (located.) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 85.50 668.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 129.11 668.10 Td (Expenses, ) Tj ET Q q 0 0 0 rg BT 171.32 668.10 Td (Capital ) Tj ET Q q 0 0 0 rg BT 203.82 668.10 Td (Costs, ) Tj ET Q q 0 0 0 rg BT 231.05 668.10 Td (and ) Tj ET Q q 0 0 0 rg BT 248.37 668.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 306.42 668.10 Td (Costs) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 644.10 Td (Operating ) Tj ET Q q 0 0 0 rg BT 146.54 644.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 185.70 644.10 Td (and ) Tj ET Q q 0 0 0 rg BT 203.20 644.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 232.91 644.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 258.47 644.10 Td (based ) Tj ET Q q 0 0 0 rg BT 284.30 644.10 Td (on ) Tj ET Q q 0 0 0 rg BT 297.35 644.10 Td (information ) Tj ET Q q 0 0 0 rg BT 347.63 644.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 386.23 644.10 Td (by ) Tj ET Q q 0 0 0 rg BT 399.29 644.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 433.63 644.10 Td (, ) Tj ET Q q 0 0 0 rg BT 439.19 644.10 Td (were ) Tj ET Q q 0 0 0 rg BT 461.68 644.10 Td (used ) Tj ET Q q 0 0 0 rg BT 483.07 644.10 Td (in ) Tj ET Q q 0 0 0 rg BT 493.91 644.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 538.62 644.10 Td (future ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 632.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 125.74 632.10 Td (required ) Tj ET Q q 0 0 0 rg BT 161.29 632.10 Td (to ) Tj ET Q q 0 0 0 rg BT 171.31 632.10 Td (operate ) Tj ET Q q 0 0 0 rg BT 202.97 632.10 Td (the ) Tj ET Q q 0 0 0 rg BT 217.42 632.10 Td (properties. ) Tj ET Q q 0 0 0 rg BT 262.15 632.10 Td (In ) Tj ET Q q 0 0 0 rg BT 272.71 632.10 Td (certain ) Tj ET Q q 0 0 0 rg BT 302.15 632.10 Td (cases, ) Tj ET Q q 0 0 0 rg BT 327.99 632.10 Td (future ) Tj ET Q q 0 0 0 rg BT 354.11 632.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 378.84 632.10 Td (either ) Tj ET Q q 0 0 0 rg BT 403.84 632.10 Td (higher ) Tj ET Q q 0 0 0 rg BT 431.63 632.10 Td (or ) Tj ET Q q 0 0 0 rg BT 442.20 632.10 Td (lower ) Tj ET Q q 0 0 0 rg BT 467.20 632.10 Td (than ) Tj ET Q q 0 0 0 rg BT 486.66 632.10 Td (existing ) Tj ET Q q 0 0 0 rg BT 520.56 632.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 545.30 632.10 Td (may ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 620.10 Td (have ) Tj ET Q q 0 0 0 rg BT 124.66 620.10 Td (been ) Tj ET Q q 0 0 0 rg BT 145.82 620.10 Td (used ) Tj ET Q q 0 0 0 rg BT 166.44 620.10 Td (because ) Tj ET Q q 0 0 0 rg BT 200.37 620.10 Td (of ) Tj ET Q q 0 0 0 rg BT 210.99 620.10 Td (anticipated ) Tj ET Q q 0 0 0 rg BT 257.14 620.10 Td (changes ) Tj ET Q q 0 0 0 rg BT 291.63 620.10 Td (in ) Tj ET Q q 0 0 0 rg BT 301.69 620.10 Td (operating ) Tj ET Q q 0 0 0 rg BT 341.74 620.10 Td (conditions. ) Tj ET Q q 0 0 0 rg BT 388.03 620.10 Td (These ) Tj ET Q q 0 0 0 rg BT 414.19 620.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 436.47 620.10 Td (were ) Tj ET Q q 0 0 0 rg BT 458.19 620.10 Td (not ) Tj ET Q q 0 0 0 rg BT 473.25 620.10 Td (escalated ) Tj ET Q q 0 0 0 rg BT 512.18 620.10 Td (for ) Tj ET Q q 0 0 0 rg BT 526.12 620.10 Td (inflation.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 608.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 163.03 608.10 Td (costs, ) Tj ET Q q 0 0 0 rg BT 188.40 608.10 Td (net ) Tj ET Q q 0 0 0 rg BT 203.49 608.10 Td (of ) Tj ET Q q 0 0 0 rg BT 214.69 608.10 Td (salvage, ) Tj ET Q q 0 0 0 rg BT 250.05 608.10 Td (were ) Tj ET Q q 0 0 0 rg BT 272.35 608.10 Td (provided ) Tj ET Q q 0 0 0 rg BT 310.77 608.10 Td (by ) Tj ET Q q 0 0 0 rg BT 323.64 608.10 Td (Denbury) Tj ET Q q 0 0 0 rg BT 357.98 608.10 Td (. ) Tj ET Q q 0 0 0 rg BT 362.72 608.10 Td (Abandonment ) Tj ET Q q 0 0 0 rg BT 422.25 608.10 Td (costs ) Tj ET Q q 0 0 0 rg BT 445.12 608.10 Td (for ) Tj ET Q q 0 0 0 rg BT 459.66 608.10 Td (developed ) Tj ET Q q 0 0 0 rg BT 503.62 608.10 Td (non-producing ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 103.50 596.10 Td (properties, ) Tj ET Q q 0 0 0 rg BT 148.49 596.10 Td (though ) Tj ET Q q 0 0 0 rg BT 178.76 596.10 Td (scheduled ) Tj ET Q q 0 0 0 rg BT 221.25 596.10 Td (at ) Tj ET Q q 0 0 0 rg BT 230.97 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 245.68 596.10 Td (end ) Tj ET Q q 0 0 0 rg BT 262.62 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 273.45 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 288.17 596.10 Td (life ) Tj ET Q q 0 0 0 rg BT 303.99 596.10 Td (of ) Tj ET Q q 0 0 0 rg BT 314.82 596.10 Td (the ) Tj ET Q q 0 0 0 rg BT 329.54 596.10 Td (property) Tj ET Q q 0 0 0 rg BT 362.77 596.10 Td (, ) Tj ET Q q 0 0 0 rg BT 367.77 596.10 Td (are ) Tj ET Q q 0 0 0 rg BT 382.47 596.10 Td (included ) Tj ET Q q 0 0 0 rg BT 419.41 596.10 Td (with ) Tj ET Q q 0 0 0 rg BT 439.69 596.10 Td (capital ) Tj ET Q q 0 0 0 rg BT 468.84 596.10 Td (costs.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 85.50 572.10 Td (The ) Tj ET Q q 0 0 0 rg BT 103.64 572.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 144.55 572.10 Td (future ) Tj ET Q q 0 0 0 rg BT 171.02 572.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 205.26 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 222.29 572.10 Td (expenditures ) Tj ET Q q 0 0 0 rg BT 275.98 572.10 Td (attributable ) Tj ET Q q 0 0 0 rg BT 324.11 572.10 Td (to ) Tj ET Q q 0 0 0 rg BT 334.48 572.10 Td (the ) Tj ET Q q 0 0 0 rg BT 349.29 572.10 Td (production ) Tj ET Q q 0 0 0 rg BT 395.21 572.10 Td (and ) Tj ET Q q 0 0 0 rg BT 412.24 572.10 Td (sale ) Tj ET Q q 0 0 0 rg BT 430.38 572.10 Td (of ) Tj ET Q q 0 0 0 rg BT 441.30 572.10 Td (Denbury's ) Tj ET Q q 0 0 0 rg BT 484.58 572.10 Td (net ) Tj ET Q q 0 0 0 rg BT 499.39 572.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 529.75 572.10 Td (reserves ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 60.33 560.10 Td (the ) Tj ET Q q 0 0 0 rg BT 75.05 560.10 Td (properties ) Tj ET Q q 0 0 0 rg BT 117.53 560.10 Td (evaluated, ) Tj ET Q q 0 0 0 rg BT 160.84 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 171.67 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 182.50 560.10 Td (December ) Tj ET Q q 0 0 0 rg BT 226.09 560.10 Td (31, ) Tj ET Q q 0 0 0 rg BT 241.09 560.10 Td (2016, ) Tj ET Q q 0 0 0 rg BT 266.09 560.10 Td (are ) Tj ET Q q 0 0 0 rg BT 280.79 560.10 Td (summarized ) Tj ET Q q 0 0 0 rg BT 332.17 560.10 Td (in ) Tj ET Q q 0 0 0 rg BT 342.44 560.10 Td (thousands ) Tj ET Q q 0 0 0 rg BT 384.94 560.10 Td (of ) Tj ET Q q 0 0 0 rg BT 395.77 560.10 Td (dollars ) Tj ET Q q 0 0 0 rg BT 425.49 560.10 Td (\(M$\) ) Tj ET Q q 0 0 0 rg BT 448.54 560.10 Td (as ) Tj ET Q q 0 0 0 rg BT 459.37 560.10 Td (follows:) Tj ET Q 0.8 0.8 0.8 rg /GS0 gs 49.50 513.60 226.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 275.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 513.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 348.50 513.60 75.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 513.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 513.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 513.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 485.60 226.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 275.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 485.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 348.50 485.60 75.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 485.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 485.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 485.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 457.60 226.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 275.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 457.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 348.50 457.60 75.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 457.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 457.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 457.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 49.50 429.60 226.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 275.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 279.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 344.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 348.50 429.60 75.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 423.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 427.50 429.60 65.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 492.50 429.60 4.00 -14.00 re f /GS0 gs 0.8 0.8 0.8 rg /GS0 gs 496.50 429.60 65.00 -14.00 re f /GS0 gs 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 536.6 m 344.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 536.6 m 348.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 536.6 m 423.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 536.6 m 427.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 536.6 m 492.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 536.6 m 496.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 536.6 m 561.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 536.6 m 344.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 279.5 513.6 m 344.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 344.5 536.6 m 348.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 536.6 m 423.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 348.5 513.6 m 423.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 423.5 536.6 m 427.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 536.6 m 492.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 427.5 513.6 m 492.5 513.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 492.5 536.6 m 496.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 536.6 m 561.5 536.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 496.5 513.6 m 561.5 513.6 l s BT /F2 10.00 Tf ET q 0 0 0 rg BT 404.80 540.33 Td (Proved) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.25 527.33 Td (Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 289.35 517.33 Td (Producing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 363.25 527.33 Td (Developed) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 354.70 517.33 Td (Nonproducing) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 431.70 518.28 Td (Undeveloped) Tj ET Q BT /F2 10.00 Tf ET q 0 0 0 rg BT 517.55 518.28 Td (Total) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 52.00 504.17 Td (Future Gross Revenue, M$) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 300.65 504.17 Td (6,689,381) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 379.65 504.17 Td (1,264,340) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 448.65 504.17 Td (1,794,005) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 504.17 Td (9,747,726) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 52.00 490.17 Td (Production & Ad Valorem Taxes, M$) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 308.15 490.17 Td (500,480) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 392.15 490.17 Td (82,668) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 490.17 Td (120,583) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 490.17 Td (703,731) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 52.00 476.17 Td (Operating Expenses, M$) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 300.65 476.17 Td (3,719,240) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 476.17 Td (382,992) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 476.17 Td (937,235) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 476.17 Td (5,039,467) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 462.17 Td (Capital Costs, M$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 462.17 Td (307,697) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 462.17 Td (192,453) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 462.17 Td (483,232) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 462.17 Td (983,382) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 448.17 Td (Abandonment Costs, M$) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 308.15 448.17 Td (571,006) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 409.65 448.17 Td () Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 448.17 Td (41,483) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 525.15 448.17 Td (612,489) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 434.17 Td (Future Net Revenue, M$*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 434.17 Td (1,590,958) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 434.17 Td (606,227) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 456.15 434.17 Td (211,472) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 434.17 Td (2,408,657) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 52.00 420.17 Td (Present Worth at 10 Percent, M$*) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 300.65 420.17 Td (1,254,264) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 387.15 420.17 Td (247,234) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 461.15 420.17 Td (40,186) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 517.65 420.17 Td (1,541,684) Tj ET Q BT /F1 10.00 Tf ET BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 392.10 Td (Note: Future income taxes were not taken into account in the preparation of these estimates.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 85.50 368.10 Td (While ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 113.31 368.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 128.89 368.10 Td (oil ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 142.82 368.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 160.63 368.10 Td (gas ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 177.33 368.10 Td (industry ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 213.48 368.10 Td (may ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 234.07 368.10 Td (be ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 246.88 368.10 Td (subject ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 278.58 368.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 289.73 368.10 Td (regulatory ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 334.19 368.10 Td (changes ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 369.77 368.10 Td (from ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 392.58 368.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 413.73 368.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 424.88 368.10 Td (time ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 446.02 368.10 Td (that ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 464.39 368.10 Td (could ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 489.98 368.10 Td (af) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 497.57 368.10 Td (fect ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 515.92 368.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 528.73 368.10 Td (industry ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 356.10 Td (participant's ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 100.71 356.10 Td (ability ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 129.01 356.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 139.55 356.10 Td (recover ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 172.28 356.10 Td (its ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 184.48 356.10 Td (oil ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 197.79 356.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 214.99 356.10 Td (gas ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 231.07 356.10 Td (reserves, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 269.09 356.10 Td (we ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 283.50 356.10 Td (are ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 298.47 356.10 Td (not ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 314.00 356.10 Td (aware ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 340.62 356.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 351.71 356.10 Td (any ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 368.90 356.10 Td (such ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 389.99 356.10 Td (governmental ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 447.72 356.10 Td (actions ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 478.80 356.10 Td (which ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 506.00 356.10 Td (would ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 533.75 356.10 Td (restrict ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 344.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 64.22 344.10 Td (recovery ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 101.69 344.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 112.52 344.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 127.24 344.10 Td (December ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 170.82 344.10 Td (31, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 185.82 344.10 Td (2016, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 210.82 344.10 Td (estimated ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 251.64 344.10 Td (oil ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 264.70 344.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 281.64 344.10 Td (gas ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 297.47 344.10 Td (reserves.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 85.50 320.10 Td (In ) Tj ET Q q 0 0 0 rg BT 96.00 320.10 Td (our ) Tj ET Q q 0 0 0 rg BT 111.49 320.10 Td (opinion, ) Tj ET Q q 0 0 0 rg BT 146.72 320.10 Td (the ) Tj ET Q q 0 0 0 rg BT 161.10 320.10 Td (information ) Tj ET Q q 0 0 0 rg BT 210.48 320.10 Td (relating ) Tj ET Q q 0 0 0 rg BT 243.19 320.10 Td (to ) Tj ET Q q 0 0 0 rg BT 253.13 320.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 293.62 320.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 323.56 320.10 Td (reserves, ) Tj ET Q q 0 0 0 rg BT 360.98 320.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 401.47 320.10 Td (future ) Tj ET Q q 0 0 0 rg BT 427.51 320.10 Td (net ) Tj ET Q q 0 0 0 rg BT 441.90 320.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 475.71 320.10 Td (from ) Tj ET Q q 0 0 0 rg BT 497.32 320.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 527.25 320.10 Td (reserves, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.37 308.10 Td (present ) Tj ET Q q 0 0 0 rg BT 97.68 308.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 123.44 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 134.21 308.10 Td (estimated ) Tj ET Q q 0 0 0 rg BT 174.96 308.10 Td (future ) Tj ET Q q 0 0 0 rg BT 201.27 308.10 Td (net ) Tj ET Q q 0 0 0 rg BT 215.92 308.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 250.00 308.10 Td (from ) Tj ET Q q 0 0 0 rg BT 271.87 308.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 302.07 308.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 337.27 308.10 Td (of ) Tj ET Q q 0 0 0 rg BT 348.03 308.10 Td (oil, ) Tj ET Q q 0 0 0 rg BT 363.52 308.10 Td (condensate, ) Tj ET Q q 0 0 0 rg BT 412.88 308.10 Td (natural ) Tj ET Q q 0 0 0 rg BT 443.07 308.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 458.83 308.10 Td (liquids, ) Tj ET Q q 0 0 0 rg BT 490.99 308.10 Td (and ) Tj ET Q q 0 0 0 rg BT 507.87 308.10 Td (gas ) Tj ET Q q 0 0 0 rg BT 523.63 308.10 Td (contained ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 61.49 296.10 Td (this ) Tj ET Q q 0 0 0 rg BT 80.16 296.10 Td (report ) Tj ET Q q 0 0 0 rg BT 108.25 296.10 Td (has ) Tj ET Q q 0 0 0 rg BT 125.80 296.10 Td (been ) Tj ET Q q 0 0 0 rg BT 148.89 296.10 Td (prepared ) Tj ET Q q 0 0 0 rg BT 188.08 296.10 Td (in ) Tj ET Q q 0 0 0 rg BT 200.08 296.10 Td (accordance ) Tj ET Q q 0 0 0 rg BT 249.25 296.10 Td (with ) Tj ET Q q 0 0 0 rg BT 271.25 296.10 Td (Paragraphs ) Tj ET Q q 0 0 0 rg BT 319.89 296.10 Td (932-235-50-4, ) Tj ET Q q 0 0 0 rg BT 381.60 296.10 Td (932-235-50-6, ) Tj ET Q q 0 0 0 rg BT 443.30 296.10 Td (932-235-50-7, ) Tj ET Q q 0 0 0 rg BT 505.01 296.10 Td (932-235-50-9, ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 284.10 Td (932-235-50-30, ) Tj ET Q q 0 0 0 rg BT 114.50 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 131.45 284.10 Td (932-235-50-31\(a\), ) Tj ET Q q 0 0 0 rg BT 207.55 284.10 Td (\(b\), ) Tj ET Q q 0 0 0 rg BT 224.22 284.10 Td (and ) Tj ET Q q 0 0 0 rg BT 241.17 284.10 Td (\(e\) ) Tj ET Q q 0 0 0 rg BT 254.77 284.10 Td (of ) Tj ET Q q 0 0 0 rg BT 265.61 284.10 Td (the ) Tj ET Q q 0 0 0 rg BT 279.79 284.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 328.95 284.10 Td (Standards ) Tj ET Q q 0 0 0 rg BT 370.90 284.10 Td (Update ) Tj ET Q q 0 0 0 rg BT 402.10 284.10 Td (T) Tj ET Q q 0 0 0 rg BT 407.52 284.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 427.24 284.10 Td (932-235-50, ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 478.91 284.10 Td (Extractive ) Tj ET Q q 0 0 0 rg BT 522.51 284.10 Td (Industries ) Tj ET Q BT /F4 10.00 Tf ET q 0 0 0 rg BT 49.50 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 56.36 272.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 71.00 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 87.86 272.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 105.83 272.10 Td (\(T) Tj ET Q q 0 0 0 rg BT 113.81 272.10 Td (opic ) Tj ET Q q 0 0 0 rg BT 132.88 272.10 Td (932\): ) Tj ET Q q 0 0 0 rg BT 156.40 272.10 Td (Oil ) Tj ET Q q 0 0 0 rg BT 171.04 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 187.90 272.10 Td (Gas ) Tj ET Q q 0 0 0 rg BT 205.88 272.10 Td (Reserve ) Tj ET Q q 0 0 0 rg BT 239.38 272.10 Td (Estimation ) Tj ET Q q 0 0 0 rg BT 284.58 272.10 Td (and ) Tj ET Q q 0 0 0 rg BT 301.44 272.10 Td (Disclosur) Tj ET Q q 0 0 0 rg BT 339.96 272.10 Td (es) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 348.29 272.10 Td ( ) Tj ET Q q 0 0 0 rg BT 350.15 272.10 Td (\(January ) Tj ET Q q 0 0 0 rg BT 386.44 272.10 Td (2010\) ) Tj ET Q q 0 0 0 rg BT 411.63 272.10 Td (of ) Tj ET Q q 0 0 0 rg BT 421.82 272.10 Td (the ) Tj ET Q q 0 0 0 rg BT 435.90 272.10 Td (Financial ) Tj ET Q q 0 0 0 rg BT 474.56 272.10 Td (Accounting ) Tj ET Q q 0 0 0 rg BT 523.07 272.10 Td (Standards ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 260.10 Td (Board ) Tj ET Q q 0 0 0 rg BT 75.53 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 91.56 260.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 115.93 260.10 Td (4-10\(a\) ) Tj ET Q q 0 0 0 rg BT 146.95 260.10 Td (\(1\)-\(32\) ) Tj ET Q q 0 0 0 rg BT 180.19 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 190.12 260.10 Td (Regulation ) Tj ET Q q 0 0 0 rg BT 235.59 260.10 Td (S-X ) Tj ET Q q 0 0 0 rg BT 253.29 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 269.32 260.10 Td (Rules ) Tj ET Q q 0 0 0 rg BT 293.69 260.10 Td (302\(b\), ) Tj ET Q q 0 0 0 rg BT 324.45 260.10 Td (1201, ) Tj ET Q q 0 0 0 rg BT 348.54 260.10 Td (1202\(a\) ) Tj ET Q q 0 0 0 rg BT 381.23 260.10 Td (\(1\), ) Tj ET Q q 0 0 0 rg BT 396.98 260.10 Td (\(2\), ) Tj ET Q q 0 0 0 rg BT 412.73 260.10 Td (\(3\), ) Tj ET Q q 0 0 0 rg BT 428.48 260.10 Td (\(4\), ) Tj ET Q q 0 0 0 rg BT 444.24 260.10 Td (\(8\), ) Tj ET Q q 0 0 0 rg BT 459.99 260.10 Td (and ) Tj ET Q q 0 0 0 rg BT 476.02 260.10 Td (1203\(a\) ) Tj ET Q q 0 0 0 rg BT 508.71 260.10 Td (of ) Tj ET Q q 0 0 0 rg BT 518.63 260.10 Td (Regulation ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 248.10 Td (S-K ) Tj ET Q q 0 0 0 rg BT 67.79 248.10 Td (of ) Tj ET Q q 0 0 0 rg BT 78.29 248.10 Td (the ) Tj ET Q q 0 0 0 rg BT 92.69 248.10 Td (Securities ) Tj ET Q q 0 0 0 rg BT 134.29 248.10 Td (and ) Tj ET Q q 0 0 0 rg BT 150.91 248.10 Td (Exchange ) Tj ET Q q 0 0 0 rg BT 192.51 248.10 Td (Commission; ) Tj ET Q q 0 0 0 rg BT 248.03 248.10 Td (provided, ) Tj ET Q q 0 0 0 rg BT 288.25 248.10 Td (however) Tj ET Q q 0 0 0 rg BT 322.28 248.10 Td (, ) Tj ET Q q 0 0 0 rg BT 326.95 248.10 Td (that ) Tj ET Q q 0 0 0 rg BT 344.12 248.10 Td (\(i\) ) Tj ET Q q 0 0 0 rg BT 355.74 248.10 Td (future ) Tj ET Q q 0 0 0 rg BT 381.79 248.10 Td (income ) Tj ET Q q 0 0 0 rg BT 413.40 248.10 Td (tax ) Tj ET Q q 0 0 0 rg BT 427.79 248.10 Td (expenses ) Tj ET Q q 0 0 0 rg BT 466.06 248.10 Td (have ) Tj ET Q q 0 0 0 rg BT 487.12 248.10 Td (not ) Tj ET Q q 0 0 0 rg BT 502.07 248.10 Td (been ) Tj ET Q q 0 0 0 rg BT 523.12 248.10 Td (taken ) Tj ET Q q 0 0 0 rg BT 546.95 248.10 Td (into ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 236.10 Td (account ) Tj ET Q q 0 0 0 rg BT 83.17 236.10 Td (in ) Tj ET Q q 0 0 0 rg BT 93.52 236.10 Td (estimating ) Tj ET Q q 0 0 0 rg BT 137.76 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 152.55 236.10 Td (future ) Tj ET Q q 0 0 0 rg BT 179.00 236.10 Td (net ) Tj ET Q q 0 0 0 rg BT 193.80 236.10 Td (revenue ) Tj ET Q q 0 0 0 rg BT 228.02 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 245.03 236.10 Td (present ) Tj ET Q q 0 0 0 rg BT 276.48 236.10 Td (worth ) Tj ET Q q 0 0 0 rg BT 302.39 236.10 Td (values ) Tj ET Q q 0 0 0 rg BT 330.51 236.10 Td (set ) Tj ET Q q 0 0 0 rg BT 344.20 236.10 Td (forth ) Tj ET Q q 0 0 0 rg BT 366.21 236.10 Td (herein ) Tj ET Q q 0 0 0 rg BT 393.77 236.10 Td (and ) Tj ET Q q 0 0 0 rg BT 410.79 236.10 Td (\(ii\) ) Tj ET Q q 0 0 0 rg BT 425.58 236.10 Td (estimates ) Tj ET Q q 0 0 0 rg BT 465.37 236.10 Td (of ) Tj ET Q q 0 0 0 rg BT 476.27 236.10 Td (the ) Tj ET Q q 0 0 0 rg BT 491.06 236.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 521.41 236.10 Td (developed ) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 49.50 224.10 Td (and ) Tj ET Q q 0 0 0 rg BT 66.44 224.10 Td (proved ) Tj ET Q q 0 0 0 rg BT 96.71 224.10 Td (undeveloped ) Tj ET Q q 0 0 0 rg BT 150.30 224.10 Td (reserves ) Tj ET Q q 0 0 0 rg BT 185.56 224.10 Td (are ) Tj ET Q q 0 0 0 rg BT 200.27 224.10 Td (not ) Tj ET Q q 0 0 0 rg BT 215.54 224.10 Td (presented ) Tj ET Q q 0 0 0 rg BT 256.36 224.10 Td (at ) Tj ET Q q 0 0 0 rg BT 266.08 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 280.79 224.10 Td (beginning ) Tj ET Q q 0 0 0 rg BT 323.29 224.10 Td (of ) Tj ET Q q 0 0 0 rg BT 334.12 224.10 Td (the ) Tj ET Q q 0 0 0 rg BT 348.84 224.10 Td (year) Tj ET Q q 0 0 0 rg BT 365.49 224.10 Td (.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 85.50 200.10 Td (T) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 90.91 200.10 Td (o ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 98.59 200.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 113.49 200.10 Td (extent ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 140.60 200.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 155.50 200.10 Td (above-enumerated ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 232.03 200.10 Td (rules, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 256.65 200.10 Td (regulations, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 306.26 200.10 Td (and ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 323.38 200.10 Td (statements ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 368.27 200.10 Td (require ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 399.27 200.10 Td (determinations ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 461.38 200.10 Td (of ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 472.39 200.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 484.51 200.10 Td (accounting ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 531.06 200.10 Td (or ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 542.07 200.10 Td (legal ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 188.10 Td (nature, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 78.43 188.10 Td (we, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 94.04 188.10 Td (as ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 103.82 188.10 Td (engineers, ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 146.08 188.10 Td (are ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 159.73 188.10 Td (necessarily ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 205.60 188.10 Td (unable ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 233.70 188.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 242.93 188.10 Td (express ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 274.37 188.10 Td (an ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 285.25 188.10 Td (opinion ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 317.26 188.10 Td (as ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 327.03 188.10 Td (to ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 336.26 188.10 Td (whether ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 369.91 188.10 Td (the ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 383.57 188.10 Td (above-described ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 450.54 188.10 Td (information ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 499.20 188.10 Td (is ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 507.32 188.10 Td (in ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 516.54 188.10 Td (accordance ) Tj ET Q BT /F1 10.00 Tf ET q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 49.50 176.10 Td (therewith ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 89.76 176.10 Td (or ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 100.59 176.10 Td (suf) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 112.63 176.10 Td (ficient ) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 140.68 176.10 Td (therefor) Tj ET Q q 0.14901960784313725 0.14901960784313725 0.14901960784313725 rg BT 171.77 176.10 Td (.) Tj ET Q endstream endobj 331 0 obj <> endobj 332 0 obj <> stream BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 85.50 740.10 Td (DeGolyer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 126.84 740.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 143.18 740.10 Td (MacNaughton ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 202.29 740.10 Td (is ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 210.87 740.10 Td (an ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 222.22 740.10 Td (independent ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 273.00 740.10 Td (petroleum ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 315.44 740.10 Td (engineering ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 364.55 740.10 Td (consulting ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 408.12 740.10 Td (firm ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 427.25 740.10 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 444.15 740.10 Td (has ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 459.39 740.10 Td (been ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 480.17 740.10 Td (providing ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 520.96 740.10 Td (petroleum ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 728.10 Td (consulting ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 93.38 728.10 Td (services ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 127.81 728.10 Td (throughout ) Tj ET Q q 0.1568627450980392 0.1568627450980392 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0.1568627450980392 rg BT 435.73 728.10 Td (any ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 452.39 728.10 Td (financial ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 489.58 728.10 Td (interest, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 523.73 728.10 Td (including ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 716.10 Td (stock ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 73.25 716.10 Td (ownership, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 120.04 716.10 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 130.46 716.10 Td (Denbury) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 164.80 716.10 Td (. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 169.93 716.10 Td (Our ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 188.12 716.10 Td (fees ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 206.86 716.10 Td (were ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 228.92 716.10 Td (not ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 244.34 716.10 Td (contingent ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 289.19 716.10 Td (on ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 301.82 716.10 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 316.68 716.10 Td (results ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 345.42 716.10 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 356.39 716.10 Td (our ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 372.36 716.10 Td (evaluation. ) Tj ET Q q 0.1568627450980392 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Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 421.82 704.10 Td ( ) Tj ET Q q 0 0 0 rg BT 424.13 704.10 Td (data, ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 445.60 704.10 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 462.36 704.10 Td (methods ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 498.56 704.10 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 515.87 704.10 Td (it ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 523.75 704.10 Td (considers ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 692.10 Td (necessary ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 90.87 692.10 Td (to ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 101.15 692.10 Td (prepare ) Tj ET Q q 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Tj ET Q 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 641.6 m 563 641.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 641.6 m 563 641.6 l s BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 345.50 660.17 Td (Submitted,) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 646.17 Td (/s/ DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 632.17 Td (DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 345.50 622.17 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 350.91 622.17 Td (exas Registered Engineering Firm F-716) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 485.6 m 563 485.6 l s 0 0 0 RG /GS0 gs 1.00 w 0 i [] 0 d 0 J 0 j 3 M 343 485.6 m 563 485.6 l s BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 490.17 Td (/s/ Dennis W. Thompson, P.E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 476.17 Td (Dennis ) Tj ET Q q 0 0 0 rg BT 376.15 476.17 Td (W) Tj ET Q q 0 0 0 rg BT 384.67 476.17 Td (. ) Tj ET Q q 0 0 0 rg BT 389.49 476.17 Td (Thompson, P) Tj ET Q q 0 0 0 rg BT 441.72 476.17 Td (.E.) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 466.17 Td (Senior ) Tj ET Q q 0 0 0 rg BT 373.93 466.17 Td (V) Tj ET Q q 0 0 0 rg BT 380.55 466.17 Td (ice President) Tj ET Q BT /F1 10.00 Tf ET q 0 0 0 rg BT 345.50 456.17 Td (DeGolyer and MacNaughton) Tj ET Q BT /F1 10.00 Tf ET endstream endobj 333 0 obj <> endobj 334 0 obj <> stream BT /F2 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 223.60 740.25 Td (CER) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 244.36 740.25 Td (TIFICA) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 278.62 740.25 Td (TE of QUALIFICA) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 361.78 740.25 Td (TION) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 704.25 Td (I, Dennis ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 88.48 704.25 Td (W) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 97.00 704.25 Td (. ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 101.82 704.25 Td (Thompson, Petroleum Engineer with DeGolyer and MacNaughton,) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 370.65 704.25 Td ( ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 373.15 704.25 Td (5001 Spring ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 424.64 704.25 Td (V) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 430.75 704.25 Td (alley Road, Suite 800 East, ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 49.50 692.25 Td (Dallas, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 79.87 692.25 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 85.28 692.25 Td (exas, 75244 U.S.A., hereby certify:) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 668.25 Td (1. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 668.25 Td (That ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 88.16 668.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 93.82 668.25 Td (am ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 108.37 668.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 115.14 668.25 Td (Senior ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 143.42 668.25 Td (V) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 150.04 668.25 Td (ice ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 164.02 668.25 Td (President ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 203.57 668.25 Td (with ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 223.69 668.25 Td (DeGolyer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 265.45 668.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 282.22 668.25 Td (MacNaughton, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 344.26 668.25 Td (which ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 371.03 668.25 Td (company ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 410.02 668.25 Td (did ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 425.13 668.25 Td (prepare ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 457.44 668.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 471.99 668.25 Td (letter ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 494.86 668.25 Td (report ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 521.07 668.25 Td (addressed ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 656.25 Td (to ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 78.34 656.25 Td (Denbury ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 116.39 656.25 Td (dated ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 141.10 656.25 Td (February ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 180.26 656.25 Td (9, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 190.82 656.25 Td (2017, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 216.38 656.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 233.87 656.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 251.93 656.25 Td (I, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 260.82 656.25 Td (as ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 272.21 656.25 Td (Senior ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 301.15 656.25 Td (V) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 307.77 656.25 Td (ice ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 322.49 656.25 Td (President, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 365.26 656.25 Td (was ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 383.88 656.25 Td (responsible ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 432.48 656.25 Td (for ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 447.20 656.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 462.48 656.25 Td (preparation ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 511.07 656.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 522.46 656.25 Td (this ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 539.96 656.25 Td (letter ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 644.25 Td (report.) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0 0 0 rg BT 49.50 620.25 Td (2. ) Tj ET Q BT /F1 10.00 Tf ET 0 Tr /GS0 gs 0 Tw 0 Tc 100 Tz 0 TL q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 620.25 Td (That ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 88.59 620.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 94.68 620.25 Td (attended ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 131.31 620.25 Td (Eastern ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 164.06 620.25 Td (New ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 185.70 620.25 Td (Mexico ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 219.01 620.25 Td (University) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 260.58 620.25 Td (, ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 265.84 620.25 Td (and ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 283.04 620.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 300.79 620.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 306.88 620.25 Td (graduated ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 349.07 620.25 Td (with ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 369.61 620.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 376.81 620.25 Td (Bachelor ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 415.66 620.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 426.76 620.25 Td (Science ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 460.61 620.25 Td (degree ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 490.02 620.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 500.56 620.25 Td (Geology ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 537.76 620.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 548.30 620.25 Td (the ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 608.25 Td (year ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 87.01 608.25 Td (1973; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 112.09 608.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 129.38 608.25 Td (Engineering ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 180.56 608.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 190.64 608.25 Td (1974; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 215.72 608.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 233.01 608.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 238.64 608.25 Td (earned ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 267.59 608.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 274.33 608.25 Td (Master ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 304.40 608.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 315.03 608.25 Td (Science ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 348.43 608.25 Td (degree ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 377.37 608.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 387.45 608.25 Td (Petroleum ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 430.86 608.25 Td (Engineering ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 482.03 608.25 Td (from ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 503.77 608.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 518.29 608.25 Td (University ) Tj ET Q BT /F1 10.00 Tf ET q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 67.50 596.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 78.63 596.25 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 84.04 596.25 Td (exas ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 104.82 596.25 Td (at ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 114.38 596.25 Td (Austin ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 144.06 596.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 154.85 596.25 Td (1975; ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 180.65 596.25 Td (that ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 198.65 596.25 Td (I ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 205.00 596.25 Td (am ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 220.23 596.25 Td (a ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 227.68 596.25 Td (Registered ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 273.45 596.25 Td (Professional ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 325.90 596.25 Td (Engineer ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 365.01 596.25 Td (in ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 375.80 596.25 Td (the ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 391.03 596.25 Td (State ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 414.04 596.25 Td (of ) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 425.16 596.25 Td (T) Tj ET Q q 0.1568627450980392 0.1568627450980392 0.1568627450980392 rg BT 430.57 596.25 Td (exas; 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